2018-05-14T08:40:00-05:00 2017-06-30 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2016-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED % SHELLEY NAVARI CHAM 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 SHELLEY NAVARI TREASURER 2018-05-11 true TODD P TERESCO P00247720 5184274600 2018-05-09 2016 2022-09-23 18:48:47Z SHELLEY L NAVARI 163 SOUTH WILLARD STREET BURLINGTON VT 05401 136085703 false X WWW.CHAMPLAIN.EDU X 1878 VT CHAMPLAIN COLLEGE IS A BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND GLOBAL CITIZENS. SEE SCH O 31 30 1940 34 774921 -196199 2670185 4201366 114712222 121525169 1331702 1338987 1813485 2241480 120527594 129307002 30623793 33374836 0 0 47264556 51514565 0 0 1955048 36789348 38667154 114677697 123556555 5849897 5750447 195140768 237668932 64287921 96998481 130852847 140670451 X CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS, AND GLOBAL CITIZENS. (SEE SCH O) false false 79086150 33267359 81435639 UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE CAMPUS DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE CAMPUS DIVISIONS, THE COLLEGE HAS SEVEN CENTERS OF EXCELLENCE INCLUDING BUILD YOUR OWN BUSINESS, THE CENTER FOR FINANCIAL LITERACY, THE PATRICK LEAHY CENTER FOR DIGITAL INVESTIGATION, THE EMERGENT MEDIA CENTER, THE CENTER FOR PUBLISHING, THE GAME STUDIO AND THE DAVID L. COOPERRIDER CENTER FOR APPRECIATIVE INQUIRY. CHAMPLAINS CENTERS OF EXCELLENCE ON-CAMPUS LEARNING CENTERS IN STUDIO-LIKE ENVIRONMENTS IN WHICH STUDENTS ACROSS MAJORS WORK ON PROFESSIONAL PROJECTS PUT CHAMPLAINS STUDENTS CLASSROOM KNOWLEDGE TO THE TEST THROUGH PRACTICAL APPLICATION ON REAL PROJECTS. THE COLLEGE CURRENTLY HAS OVER 2,200 TRADITIONAL UNDERGRADUATE STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. 12612869 19282766 AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 20 TRADITIONAL RESIDENCE HALLS AND 10 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHITECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE MUCH CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOULL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. THE COLLEGE HAS ADDED 275 BEDS ON MAIN CAMPUS SINCE 2013 AND WILL BE ADDING 314 BEDS IN AN ATTRACTIVE DOWNTOWN LOCATION WITH THEIR CURRENT CONSTRUCTION PROJECT WITH THE GOAL OF ELIMINATING THE RELIANCE ON LEASED HOUSING. CHAMPLAIN BELIEVES THAT PROVIDING HOUSING ENABLES THE COLLEGE TO PROVIDE STUDENTS WITH A MORE WELL-ROUNDED EDUCATIONAL EXPERIENCE. THE COLLEGE OPERATES A CONFERENCE AND EVENT CENTER WHICH OFFERS A VENUE FOR SPECIAL EVENTS, MEETINGS AND CONFERENCES. ADDITIONALLY, THE COLLEGES BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). 14556115 107477 20994510 GRADUATE AND CONTINUING PROFESSIONAL STUDIES- THE MISSION OF CHAMPLAINS GRADUATE STUDIES IS TO PROVIDE CURRENT AND ASPIRING PROFESSIONALS WITH INNOVATIVE PROGRAMS THAT EMBRACE REFLECTIVE LEARNING, EXPAND PROFESSIONAL EXPERTISE, INSPIRE CREATIVE AND CRITICAL THINKING, AND INFUSE THE JOY OF LIFELONG LEARNING. THE COLLEGE HAS TWELVE GRADUATE PROGRAMS, OFFERING MASTERS DEGREES IN ACCOUNTING, BUSINESS ADMINISTRATION, EMERGENT MEDIA, DIGITAL FORENSIC SCIENCE, INFORMATION SECURITY OPERATIONS, MEDIATION & APPLIED CONFLICT STUDIES, LAW, HEALTHCARE MANAGEMENT, EXECUTIVE LEADERSHIP, HUMAN RELATIONS & ORGANIZATION DEVELOPMENT AND EARLY CHILDHOOD EDUCATION. THE COLLEGES DIVISION OF CONTINUING PROFESSIONAL STUDIES (CPS) OFFERS ADULT ONLINE ASSOCIATE, BACHELORS, AND MASTERS DEGREE PROGRAMS IN FIELDS WITH HIGH EMPLOYMENT GROWTH. CPS PROGRAMS ARE TAILORED TO THE NEEDS OF AN ADULT STUDENT POPULATION; THEY TAKE INTO ACCOUNT THE VALUE OF PRIOR EDUCATION AND PROFESSIONAL EXPERIENCES. CPS ALSO HOUSES THE COLLEGES TRUED PROGRAM. TRUED IS A BOLD REIMAGING OF WORKFORCE DEVELOPMENT THAT CREATES OPPORTUNITIES FOR ADULTS TO FURTHER THEIR EDUCATION IN CHAMPLAIN COLLEGES AWARD-WINNING ONLINE ACADEMIC PROGRAMS AND BRINGS TALENT MANAGEMENT AND FORWARD-THINKING WORKFORCE DEVELOPMENT SOLUTIONS TO EMPLOYERS. THROUGH STRATEGIC ALLIANCES WITH LEADING ORGANIZATIONS IN GOVERNMENT AND INDUSTRY, CHAMPLAIN COLLEGE ONLINE DELIVERS AN AFFORDABLE, ACCESSIBLE AND IMMEDIATELY APPLICABLE HIGHER EDUCATION TO HELP EMPLOYEES GAIN THE SKILLS AND KNOWLEDGE NEEDED TO ENHANCE THEIR CAREERS AND ACHIEVE THEIR ORGANIZATIONS BUSINESS OBJECTIVES. 106255134 true true false false false false false false false true true false false false true true false true true true true false true false false false false false true true true false false false false false false false false false true true false false false false true true true false false true X 229 0 true 1940 true true true true CA EI false false false false false false false false X 31 30 false true false false false false false true true false false true true true true true true true true false VT X SHELLEY NAVARI 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 JEREMY WALLA TRUSTEE 10/14/2016 1.0 0.0 X 0 0 0 JOHN ILLICK TRUSTEE 10/14/2016 1.0 0.0 X 0 0 0 GEORGE BURILL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT MARINO TRUSTEE 10/14/2016 1.0 0.0 X 0 0 0 SCOTT CARPENTER TRUSTEE 1.0 0.0 X 0 0 0 STEPHANIE HAINLEY TRUSTEE 10/14/2016 1.0 0.0 X 0 0 0 TOM CULLINS TRUSTEE 1.0 0.0 X 0 0 0 LAURA DAGAN TRUSTEE 1.0 0.0 X 0 0 0 MOLLY DILLON TRUSTEE 1.0 0.0 X 0 0 0 RICK DAVIS TRUSTEE 1.0 0.0 X 0 0 0 MARY EVSLIN TRUSTEE 1.0 0.0 X 0 0 0 BRAD ROBERTSON TRUSTEE 06/09/2017 1.0 0.0 X 0 0 0 CHARLES KITTREDGE TRUSTEE 1.0 0.0 X 0 0 0 NEALE LUNDERVILLE TRUSTEE 1.0 0.0 X 0 0 0 DALE METZ TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL METZ TRUSTEE (ROTATED OFF) 1.0 0.0 X 0 0 0 MARK NEAGLEY TRUSTEE 1.0 0.0 X 0 0 0 JUDY O'CONNELL TRUSTEE 1.0 0.0 X 0 0 0 MARY POWELL TRUSTEE 1.0 0.0 X 0 0 0 PETER STERN TRUSTEE 1.0 0.0 X 0 0 0 RICH TARRANT TRUSTEE (ROTATED OFF) 1.0 0.0 X 0 0 0 DAVID STILLER TRUSTEE (ROTATED OFF) 1.0 0.0 X 0 0 0 SARAH TISCHLER TRUSTEE 1.0 0.0 X 0 0 0 TERENCE BREEN TRUSTEE 1.0 0.0 X 0 0 0 MARGUERITE DIBBLE TRUSTEE 1.0 0.0 X 0 0 0 JON WETTSTEIN TRUSTEE 1.0 0.0 X 0 0 0 DANIEL BOARDMAN TRUSTEE 1.0 0.0 X 0 0 0 KENNETH PALM TRUSTEE 1.0 0.0 X 0 0 0 DONALD J LAACKMAN PRESIDENT 40.0 0.0 X X 476404 0 75107 LISA GROENEVELD TRUSTEE 1.0 0.0 X 0 0 0 NICOLE CARIGNAN TRUSTEE 1.0 0.0 X 0 0 0 JULIE SNOW TRUSTEE 1.0 0.0 X 0 0 0 JANE SWIFT TRUSTEE 1.0 0.0 X 0 0 0 DAVID WINSLOW TRUSTEE 1.0 0.0 X 0 0 0 DAVID PROVOST SENIOR VICE PRESIDENT 40.0 0.0 X 394597 0 67828 SHELLEY NAVARI TREASURER 40.0 0.0 X 197500 0 41728 KATHERINE HAWLEY VICE PRESIDENT 40.0 0.0 X 197615 0 34972 ROBERT CALDWELL VICE PRESIDENT 0.0 0.0 X 0 0 0 LAURIE QUINN PROVOST/CHIEF ACADEMIC OFFICER 40.0 0.0 X 275747 0 47575 LESLIE AVERILL VICE PRESIDENT 40.0 0.0 X 212001 0 41061 LISA BUNDERS VICE PRESIDENT 0.0 0.0 X 0 0 0 MARY LEE VICE PRESIDENT 40.0 0.0 X 210716 0 48421 APRIL O'DELL ASSISTANT TREASURER 40.0 0.0 X 99687 0 40342 LYNNE BALLARD ASSOCIATE PROVOST 40.0 0.0 X 175222 0 38546 LAUREL BONGIORNO DEAN 40.0 0.0 X 165653 0 36208 PAULA WILLOQUET-MARICONDI DEAN 40.0 0.0 X 163193 0 26343 WESLEY BALDA PROFESSOR 40.0 0.0 X 183083 0 28140 THEODORE LASKARIS ASSOCIATE VICE PRESIDENT/CIO 40.0 0.0 X 161450 0 56016 ROBIN ABRAMSON FORMER PROVOST 40.0 0.0 X 133918 0 39487 CATHERINE O'ROURKE FORMER VICE PRESIDENT 40.0 0.0 X 184197 0 16075 3230983 0 637849 54 true true false SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 4575358 CHF Winooski LLC 65 Winooski Falls Way WINOOSKI VT 05404 Rental Property 2400672 Royall Company 1920 East Pharham Road RICHMOND VA 232282206 Recruitment 1336799 XEROX BUSINESS SERVICES LLC PO BOX 201322 DALLAS TX 753201322 CONSULTANT 792725 SD Ireland Companies PO Box 2286 SOUTH BURLINGTON VT 054072286 Construction 878122 37 X 622055 3579311 305349 4201366 TUITION & FEES 611710 102430149 102430149 DORMITORY AND DINING FEES 721310 19050444 19050444 BOOKSTORE RECEIPTS 451211 44576 44576 121525169 1420205 1420205 0 0 135809 135809 0 135809 135809 6697483 6003629 775072 693854 -775072 -81218 -81218 0 0 0 0 0 0 0 0 0 CONFERENCE & EVENT CENTER 722210 775840 919 774921 PARKING FEES 480000 186827 186827 OTHER INCOME 900099 1143004 1143004 2105671 129307002 121712915 774921 2617800 0 33169967 33169967 204869 204869 0 2601123 700036 1413158 487929 0 37276656 31658481 5016160 602015 2775916 2356827 364468 54621 6089428 5020679 921501 147248 2771442 2269633 426160 75649 0 277391 277391 134077 134077 0 0 167899 167899 196996 196996 1341483 1297022 44461 1710267 1040673 638015 31579 1956006 1956006 0 7270830 7270830 1121295 723345 269794 128156 0 0 1800852 1747006 43077 10769 0 5193211 4058749 1010002 124460 729087 279529 449558 CONTRACTUAL SERVICES 2662516 2088034 501612 72870 MEAL EXPENSES 3428950 3428950 RENOVATION & OTH PROJECTS 2118231 2118231 STUDENT ACTIVITIES/ACADEMIC SU 2277364 1991877 285487 6280699 4633400 1427547 219752 123556555 106255134 15346373 1955048 X 0 0 12357895 40362878 4947176 4148818 1377415 4323991 0 0 0 0 2695138 3925422 0 0 2158631 2534498 184440157 50667051 127679272 133773106 37065255 43326180 5031858 5274039 1828128 0 0 0 0 0 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9782484 2079833 13244046 701438 12542608 133773106 0 U.S. GOVERNMENT GRANTS 1665669 LIAB. UNDER TRUST AND ANNUITY 916889 2582558 X 103074626 2782068 -29014444 -26232376 129307002 129307002 92645904 2464185 2464185 90181719 33374836 33374836 123556555 PART V, LINE 4 THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 58 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE FINANCIAL AID FOR STUDENTS, ACADEMIC SUPPORT FOR PROGRAMS AND FACILITIES, AND STUDENT SERVICE PROGRAM SUPPORT. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BASED ON THE POLICIES ADOPTED, THE BOARD OF TRUSTEES MAY APPROVE AND DISTRIBUTE UP TO 5% OF THE VALUE OF THE FUNDS ANNUALLY. THE VALUE OF THE FUNDS IS THE AVERAGE YEAR END VALUE OF THE FUND FOR THE PREVIOUS THREE CALENDAR YEARS. PART X, LINE 2 FIN 48 (ASC740) THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(a) OF THE CODE. ASC 740, INCOME TAXES, PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. ASC 740 PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITIONS WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF AN EXAMINATION BY THE TAX AUTHORITIES. THE COLLEGE HAS NO EXAMINATION IN PROGRESS AND BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D REVENUE IN FINANCIAL STATEMENTS NOT ON RETURN CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 368,847 SWAP VALUATION $ 828,033 CHANGE IN ALLOWANCE FOR CONTRIBUTIONS RECEIVABLE $ 88,209 FINANCIAL AID $(34,989,030) FOREIGN ENTITIES $ 4,689,497 ____________ $(29,014,444) PART XII, LINE 2D EXPENSES IN FINANCIAL STATEMENTS NOT IN RETURN FOREIGN ENTITIES $ 2,464,185 PART XII, LINE 4B EXPENSES IN RETURN PRESENTED IN NET REVENUE ON THE FINANCIAL STATEMENTS FINANCIAL AID EXCLUDING FOREIGN ENTITIES $33,374,836 true true true true true true true false false false false false false false false true false true PART I, LINE 3 CHAMPLAIN ENDEAVORS TO BE A DIVERSE AND WELCOMING COMMUNITY AND INVITES APPLICATIONS FROM MEMBERS OF ANY GROUP THAT HAS HISTORICALLY BEEN UNDERREPRESENTED. THE COLLEGE ASSURES EQUAL EDUCATION AND EMPLOYMENT OPPORTUNITY AND PROHIBITS DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, SEXUAL ORIENTATION, AGE, OR DISABILITY. THIS POLICY IS INCLUDED IN THE FACULTY HANDBOOK, COLLEGE CATALOGS, THE HUMAN RESOURCE WEBSITE, JOB POSTINGS, AND APPLICATION FORMS. PART I, LINE 6A THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. true East Asia and the Pacific Program Services STUDY ABROAD 46412 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 322327 South America Program Services STUDY ABROAD 67825 Central America and the Caribbean Program Services FINANCIAL AID 2500 East Asia and the Pacific Program Services FINANCIAL AID 37500 Europe (Including Iceland and Greenland) Program Services FINANCIAL AID 35875 Middle East and North Africa Program Services FINANCIAL AID 14000 North America Program Services FINANCIAL AID 10000 Russia and the Newly Independent States Program Services FINANCIAL AID 29664 South Asia Program Services FINANCIAL AID 26000 Sub-Saharan Africa Program Services FINANCIAL AID 49330 641433 641433 FINANCIAL AID Central America and the Caribbean 1 2500 FINANCIAL AID East Asia and the Pacific 5 37500 FINANCIAL AID Europe (Including Iceland and Greenland) 4 35875 FINANCIAL AID Middle East and North Africa 4 14000 FINANCIAL AID North America 1 10000 FINANCIAL AID Russia and the Newly Independent States 1 29664 FINANCIAL AID South Asia 2 26000 FINANCIAL AID Sub-Saharan Africa 2 49330 true false true false false true PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO INTERNATIONAL STUDENTS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTRATED FINANCIAL NEED. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. true INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE 2311 32764264 SEOG FINANCIAL AID 975 298226 INSTITUTIONAL SCHOLARSHIPS - GRADUATE 38 107477 PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS IN THE U.S. CHAMPLAIN OFFERS BOTH MERIT AID AND NEED-BASED AID. MERIT SCHOLARSHIPS ARE RENEWED ANNUALLY PROVIDED THE STUDENT IS ENROLLED FULL-TIME AND MEETS ALL ACADEMIC STANDARDS. NEED-BASED SCHOLARSHIPS ARE RENEWED ANNUALLY BASED ON FINANCIAL NEED; THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM MUST BE COMPLETED IN ORDER TO BE CONSIDERED FOR THESE AWARDS. THE FINANCIAL AID OFFICE MONITORS STUDENTS TO ENSURE CONTINUED ELIGIBILITY FOR THE TYPE OF AID THEY ARE RECEIVING. AT THE END OF EACH SEMESTER (FALL, SPRING, SUMMER), EVERY FINANCIAL AID RECIPIENT'S PROGRESS IS REVIEWED BY THE OFFICE OF FINANCIAL AID. STUDENTS ARE MEASURED USING BOTH QUALITATIVE AND QUANTITATIVE STANDARDS. THE PURPOSE OF THIS REVIEW IS TO MEASURE WHETHER A STUDENT IS MAKING SATISFACTORY ACADEMIC PROGRESS TOWARDS GRADUATION. THESE STANDARDS APPLY TO ALL TYPES OF FINANCIAL AID: FEDERAL, STATE AND INSTITUTIONAL AID. STUDENTS WHO FAIL TO MEET THE SATISFACTORY ACADEMIC PROGRESS REQUIREMENTS MAY BECOME INELIGIBLE TO RECEIVE FINANCIAL AID UNTIL THEY ARE IN COMPLIANCE WITH THESE REQUIREMENTS. X X true true X X X X X true false false false false false false true false DAVID PROVOST SENIOR VICE PRESIDENT 298510 70813 25274 44500 23328 462425 SHELLEY NAVARI TREASURER 162912 32950 1638 19903 21825 239228 KATHERINE HAWLEY VICE PRESIDENT 162807 32950 1858 24886 10086 232587 ROBIN ABRAMSON FORMER PROVOST 107023 26895 15129 24358 173405 LAURIE QUINN PROVOST/CHIEF ACADEMIC OFFICER 216757 56875 2115 26500 21075 323322 LESLIE AVERILL VICE PRESIDENT 162804 47320 1877 21613 19448 253062 LYNNE BALLARD ASSOCIATE PROVOST 169472 5750 26187 12359 213768 LAUREL BONGIORNO DEAN 153088 12565 19709 16499 201861 MARY LEE VICE PRESIDENT 164685 43750 2281 22025 26396 259137 PAULA WILLOQUET-MARICONDI DEAN 159844 3349 16307 10036 189536 WESLEY BALDA PROFESSOR 147105 35978 15121 13019 211223 DONALD J LAACKMAN PRESIDENT 360473 102900 13031 26500 48607 551511 CATHERINE O'ROURKE FORMER VICE PRESIDENT 102106 82091 10434 5641 200272 THEODORE LASKARIS ASSOCIATE VICE PRESIDENT/CIO 155618 2500 3332 16440 39576 217466 PART I, LINE 1 AS A CONDITION OF EMPLOYMENT, THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THESE AMOUNTS ARE INCLUDED IN COLUMN (D) AS A NON-TAXABLE BENEFIT. ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE COLLEGE MAY REIMBURSE THE PRESIDENT FOR HEALTH/SOCIAL CLUB DUES, WHICH IS ALSO INCLUDED IN THE INDIVIDUAL'S W-2. THE COLLEGE MAY PROVIDE HOUSING ARRANGEMENTS TO NEW OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE COLLEGE UPON HIRE ON A TEMPORARY BASIS. THE COLLEGE COMPLIES WITH IRC SECTION 119. PART I, LINE 3 COMPENSATION SEE SCHEDULE O PART I, LINE 7 NON-FIXED PAYMENTS THE BONUSES FOR ALL OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE COMPENSATION COMMITTEE AND ARE DISCRETIONARY. PART 1, LINE 4A PURSUANT TO AN AGREEMENT, CATHERINE OROURKE RECEIVED A ONE-TIME PAYMENT OF $79,792. A VEHBFA (SERIES 2016A) 237154467 924166JX0 2016-12-01 67836964 Refund Prior Bonds & Construction false false false A 0 0 67890630 17139217 0 0 617916 0 0 4839239 45294258 0 true false true true A false false true true false 0 0.02169 0.02169 false false false true A false true false false false false 0 false 0 false true A true JANITECH OWNER OF COMPANY- FMR TRU 536739 CUSTODIAL SERVICES false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 4656554 FOOD SERVICE false 289 LIVEWORK LLC OWNER OF COMPANY- OFFICER 219899 RENTAL PROPERTY false X 14 305349 FAIR MARKET VALUE false true false PART I, COLUMN (B) NUMBER OF CONTRIBUTIONS AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I AND III, LINE 1 ORGANIZATION'S MISSION CHAMPLAIN COLLEGE ENDEAVORS TO BE A LEADER IN EDUCATING TODAY'S STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND ENGAGED GLOBAL CITIZENS. CHAMPLAIN'S AGILE AND ENTREPRENEURIAL APPROACH TO HIGHER EDUCATION UNIQUELY BLENDS TECHNOLOGY LEADERSHIP, MARKET SAVVY, INNOVATION AND FISCAL RESPONSIBILITY WITH A COMMITMENT TO LIBERAL LEARNING, COMMUNITY INVOLVMENT AND "THE HUMAN TOUCH." THIS DISTINCTIVE APPROACH PERMEATES THE DELIVERY OF RELEVANT, RIGOROUS STUDENT-CENTERED PROGRAMS IN BUSINESS, ARTS, APPLIED TECHNOLOGY, AND PUBLIC SERVICE. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE ENTERED INTO AN AGREEMENT WITH THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS TO FULFILL DUTIES AND RESPONSIBILITIES OF THE POSITION INTERIM VICE PRESIDENT FOR ENROLLMENT MANAGEMENT THROUGH AN ASSIGNED MEMBER, LISA BUNDERS. DURING THE TAX YEAR BEGINNING JULY 1, 2016 AND ENDING JUNE 30, 2017, THE REGISTRY PAID LISA BUNDERS $102,083. EFFECTIVE FEBRUARY 1, 2017, CHAMPLAIN DIRECTLY EMPLOYED LISA BUNDERS IN THE VICE PRESIDENT FOR ENROLLMENT MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE SENIOR ACCOUNTANT AT THE COLLEGE IS RESPONSIBLE FOR GATHERING AND DRAFTING THE INFORMATION TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT ACCOUNTANTS. ONCE THE DRAFT IS COMPLETED, IT IS REVIEWED BY THE ASSISTANT TREASURER. THE FORM 990 IS THEN REVIEWED IN DETAIL WITH THE TREASURER AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE THEN MAKES A MOTION TO APPROVE AND BRING FORWARD THE FORM 990 TO THE FULL BOARD OF TRUSTEES. AFTER AUDIT COMMITTEE APPROVAL, THE COLLEGE ELECTRONICALLY DISTRIBUTES, VIA THE BOARD BOOK, A COMPLETE COPY OF ITS FORM 990 TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE COLLEGE HAS A STATEMENT OF POLICY REGARDING CONFLICT OF INTEREST FOR THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES. ATTACHED TO THE CONFLICT OF INTEREST STATEMENT IS A SCHEDULE OF ALL TRUSTEE, OFFICER AND/OR KEY EMPLOYEES OF THE COLLEGE, AND INDIVIDUALS AND ENTITIES WHO HAVE OR HAVE HAD KEY BUSINESS RELATIONSHIPS WITH THE COLLEGE (E.G., INVESTMENT MANAGERS, LENDERS, OTHER FINANCIAL INSTITUTIONS, KEY VENDORS PROVIDING EITHER GOODS OR SERVICES TO THE COLLEGE.) UPON JOINING THE BOARD OF TRUSTEES AND ANNUALLY THEREAFTER, EACH MEMBER OF THE BOARD MUST REVIEW THE SCHEDULE AND COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF ANY CONFLICT OF INTEREST EXISTS BY A VOTING MEMBER OF THE COMMITTEE OR BOARD OF TRUSTEES, THEY MUST RECUSE THEMSELVES OF MATTERS PERTAINING TO A CONFLICT. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE NOT VOTING. FORM 990, PART VI, SECTION B, LINES 15A AND 15B COMPENSATION POLICY THE COMPENSATION COMMITTEE (THE COMMITTEE) WILL ANNUALLY REVIEW THE REASONABLENESS OF COMPENSATION LEVELS OF ALL OFFICERS ON A POSITION-BY-POSITION BASIS. THE COMMITTEE IS INDEPENDENT AND FREE FROM CONFLICT OF INTEREST. THE COMMITTEE REVIEWS THE NATURE AND SCOPE OF EACH POSITION AND ASSESSES THE BASIS FOR WHICH COMPENSATION IS TO BE PAID TO THE INDIVIDUAL. THE COMMITTEE DETERMINES COMPENSATION FOR ALL OFFICERS, EXCEPT THE PRESIDENT, UPON RECEIPT OF WRITTEN PERFORMANCE REVIEWS AND VALID MARKET DATA. THE PRESIDENT REVIEWS EACH OFFICERS PERFORMANCE FOR THE PRIOR YEAR AND SUBMITS A COMPENSATION RECOMMENDATION TO THE COMMITTEE BASED ON A COMBINATION OF VALID MARKET DATA AND INDIVIDUAL PERFORMANCE. VALID MARKET DATA IS DETERMINED USING THE FOLLOWING METHOD: 1.1 DETERMINE THE LIST OF OVERLAP INSTITUTIONS IDENTIFY OTHER PRIVATE COLLEGES THAT HAVE A HIGH NUMBER OF APPLICANT OVERLAPS WITH CHAMPLAIN. THIS DATA IS FROM THE NATIONAL STUDENT CLEARINGHOUSE, WHICH TRACKS THE COLLEGES TO WHICH STUDENTS APPLY AND ULTIMATELY CHOOSE TO ATTEND. 1.2 USING IRS TAX RETURN DATA (VIA GUIDESTAR), FIND THE MOST RECENT REPORT IDENTIFYING THE MOST HIGHLY COMPENSATED EMPLOYEES AT OVERLAP INSTITUTIONS. 1.3 ADJUST THE REPORTED SALARIES AND BENEFITS BY A PERCENTAGE TO MAKE THEM ROUGHLY COMPARABLE TO CURRENT SALARY DATA. THIS INFLATION FACTOR IS DERIVED FROM NATIONALLY REPORTED HIGHER EDUCATION AVERAGE PAY HIKES IN PAST YEARS. BOTH THE BASE YEAR COMPENSATION, AS WELL AS THE ADJUSTED SALARY, ARE REPORTED BACK TO THE COMMITTEE. 1.4 PROVIDE THE COMMITTEE WITH COMPARISONS OF CHAMPLAIN SALARY AND BENEFITS TO OVERLAP OTHER INSTITUTIONS ON A POSITION-BY-POSITION BASIS NARRATIVE INFORMATION WILL BE PROVIDED, IF SIMILARLY TITLED POSITIONS AT OTHER INSTITUTIONS ARE KNOWN TO DIFFER IN SCOPE OF RESPONSIBILITY. THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT. THIS REVIEW, COMBINED WITH THE VALID MARKET DATA DESCRIBED ABOVE, IS DISCUSSED AND CONSIDERED BY THE COMMITTEE WHEN ARRIVING AT THE PRESIDENTS ANNUAL COMPENSATION PACKAGE. THE DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF EACH MEETING. THE COMPENSATION PROCEDURES OF THE COLLEGE MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE POLICY THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. FORM 990, PART VIII, LINE 7, OTHER THE COLLEGE PERFORMED A COMPLETE REHAB OF JOYCE HALL AND WROTE-OFF ANY PRIOR REHABS WHICH HAD A REMAINING BOOK VALUE OF $775,072. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS Line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 368,847 SWAP VALUATION $ 828,033 CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS $ 88,209 TOTAL $1,285,089 COLLEGE CHAMPLAIN DU VERMONT 525 SHERBROOK STREET EAST MONTREAL QUEBEC CA 999999999 EDUCATIONAL CA CHAMPLAIN true Green Mtn Higher Education Consortium 84 S Service Road 202B Middlebury VT 05753 901113280 See Part VII VT 501(c)(3) 9 N/A false CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN IRELAND EI 999999999 EDUCATIONAL EI CHAMPLAIN C CORP 109815 39146 1.00000 true CHARITABLE REMAINDER TRUSTS (10) 999999999 CHARITABLE TRUST VT NA TRUST false false false false true false false false false false false false false false false false false true false COLLEGE CHAMPLAIN DU VERMONT d 619835 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED d 522660 FMV COLLEGE CHAMPLAIN DU VERMONT r 688383 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED r 1210669 FMV PART II, LINE 1 COLUMN (D) THE ORGANIZATION IS A NON-PROFIT ORGANIZATION DESCRIBED IN PARAGRAPH 149(1)(I) OF THE INCOME TAX ACT OF CANADA AND IS EXEMPT FROM TAX. PART II, LINE 2 COLUMN (B) Promoting the educational purpose and consolidating services