2017-05-12T15:58:16-07:00 2016-06-30 990 2015-07-01 141338587 Vassar College VASS 8454377000 124 Raymond Ave Box 12 Poughkeepsie NY 12604 Angelique Zalaznick Controller 8454375890 2017-05-12 2015 2021-01-29 14:40:06Z Catharine Bond Hill 124 Raymond Ave Box 1 Poughkeepsie NY 12604 568139311 0 X www.vassar.edu X 1861 NY THE MISSION OF VASSAR COLLEGE IS TO MAKE ACCESSIBLE "THE MEANS OF A THOROUGH, WELL-PROPORTIONED AND LIBERAL EDUCATION" THAT INSPIRES EACH INDIVIDUAL TO LEAD A PURPOSEFUL LIFE. THE COLLEGE MAKES POSSIBLE AN EDUCATION THAT PROMOTES ANALYTICAL, INFORMED, AND INDEPENDENT THINKING AND SOUND JUDGMENT; ENCOURAGES ARTICULATE EXPRESSION; AND NURTURES INTELLECTUAL CURIOSITY, CREATIVITY, RESPECTFUL DEBATE AND ENGAGED CITIZENSHIP. FOUNDED IN 1861 TO PROVIDE WOMEN AN EDUCATION EQUAL TO THAT ONCE AVAILABLE ONLY TO MEN, THE COLLEGE IS NOW OPEN TO ALL. VASSAR SUPPORTS A HIGH STANDARD OF ENGAGEMENT IN TEACHING AND LEARNING, SCHOLARSHIP AND ARTISTIC ENDEAVOR; A BROAD AND DEEP CURRICULUM; A COMMUNITY DIVERSE IN BACKGROUND AND EXPERIENCE; AND A RESIDENTIAL CAMPUS THAT FOSTERS A LEARNING COMMUNITY. 33 32 3639 4209 -20035 0 34360332 22110693 154498653 157899133 46586842 39011371 3415461 4023677 238861288 223044874 58760671 62015966 0 0 110873228 114077112 0 0 10671162 72597363 74165894 242231262 250258972 -3369974 -27214098 1571955511 1488906379 347574135 346469179 1224381376 1142437200 THE MISSION OF VASSAR COLLEGE IS TO MAKE ACCESSIBLE "THE MEANS OF A THOROUGH, WELL-PROPORTIONED AND LIBERAL EDUCATION" THAT INSPIRES EACH INDIVIDUAL TO LEAD A PURPOSEFUL LIFE. THE COLLEGE MAKES POSSIBLE AN EDUCATION THAT PROMOTES ANALYTICAL, INFORMED, AND INDEPENDENT THINKING AND SOUND JUDGMENT; ENCOURAGES ARTICULATE EXPRESSION; AND NURTURES INTELLECTUAL CURIOSITY, CREATIVITY, RESPECTFUL DEBATE AND ENGAGED CITIZENSHIP. FOUNDED IN 1861 TO PROVIDE WOMEN AN EDUCATION EQUAL TO THAT ONCE AVAILABLE ONLY TO MEN, THE COLLEGE IS NOW OPEN TO ALL. VASSAR SUPPORTS A HIGH STANDARD OF ENGAGEMENT IN TEACHING AND LEARNING, SCHOLARSHIP AND ARTISTIC ENDEAVOR; A BROAD AND DEEP CURRICULUM; A COMMUNITY DIVERSE IN BACKGROUND AND EXPERIENCE; AND A RESIDENTIAL CAMPUS THAT FOSTERS A LEARNING COMMUNITY. 0 0 135742663 61939042 154202021 INSTRUCTION - VASSAR STUDENTS CHOOSE AMONG 30 DEPARTMENTS, 6 INTERDISCIPLINARY PROGRAMS, 11 MULTIDISCIPLINARY PROGRAMS, 51 MAJORS, AND APPROXIMATELY 1,000 COURSES TO CHART A RIGOROUS COURSE OF STUDY THAT EXPLORES THEIR MOST COMPELLING INTERESTS. 20247216 0 0 ACADEMIC SERVICES - ADVISING AND SUPPORT SERVICES TO PROVIDE GUIDANCE TO OUR STUDENTS TO HELP THEM ACCOMPLISH THEIR GOALS. THE MISSION OF THE ACADEMIC SERVICES DIVISION IS TO ENSURE AND TO STRENGTHEN THEIR FULFILLING EXPERIENCE AS A VASSAR STUDENT. 18520017 0 0 STUDENT SERVICES - AS A RESIDENTIAL COLLEGE, VASSAR IS COMMITTED TO PROVIDING SUPPORT SERVICES TO HELP STUDENTS MAKE THE MOST OF THEIR TIME AT VASSAR. THE OFFICE OF THE DEAN OF THE COLLEGE OVERSEES AND COORDINATES SERVICES THAT DIRECTLY IMPACT THE QUALITY OF STUDENT LIFE, BOTH ACADEMIC AND NON-ACADEMIC. 24897913 76924 7719368 OTHER PROGRAM SERVICES INCLUDE RESEARCH EXPENDITURES, GENERAL PROGRAM OVERHEAD COSTS, AND AUXILIARY ENTERPRISE REVENUE AND EXPENDITURES. 24897913 76924 7719368 199407809 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 2596 0 3639 1 1 1 1 EI IT SP UK 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AK AR AZ CO DC MA ME MI MN MS NC NH NJ NY OR SC VA WA X X Angelique Zalaznick Controller 8454375890 124 Raymond Ave Box 12 Poughkeepsie NY 12604 KAREN HERSKOVITZ ACKMAN TRUSTEE 2 0 X 0 0 0 JOHN P ARNHOLD TRUSTEE 3 0 X 0 0 0 JAMSHED J BHARUCHA TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 JASON BLUM TRUSTEE 2 0 X 0 0 0 BETH BURNAM TRUSTEE 2 0 X 0 0 0 MARK BURSTEIN TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 DARYS ESTRELLA TRUSTEE 2 0 X 0 0 0 LINDA FAIRSTEIN TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 RICHARD FEITLER TRUSTEE 2 0 X 0 0 0 ANTHONY J FRISCIA TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 JEFFREY A GOLDSTEIN TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 LORNA BADE GOODMAN TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 HEATHER STURT HAAGA TRUSTEE 2 0 X 0 0 0 MARYELLEN CATTANI HERRINGER TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 HUANG HUNG TRUSTEE 2 0 X 0 0 0 STEPHANIE M HYACINTH TRUSTEE 2 0 X 0 0 0 HENRY P JOHNSON TRUSTEE AND COMMITTEE CHAIR 6 0 X 0 0 0 LISA KUDROW TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 GERALDINE BOND LAYBOURNE TRUSTEE 2 0 X 0 0 0 SUSAN ZADEK MANDEL TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 KENNETH W MILES TRUSTEE 2 0 X 0 0 0 CAROL S OSTROW TRUSTEE 2 0 X 0 0 0 TAMAR SMITH PICHETTE TRUSTEE 2 0 X 0 0 0 WILLIAM A PLAPINGER TRUSTEE AND BOARD CHAIR 10 0 X 0 0 0 THE HONORABLE RICHARD W ROBERTS TRUSTEE 2 0 X 0 0 0 EVE SLATER TRUSTEE 2 0 X 0 0 0 KAREN STRAIN SMYTHE TRUSTEE 2 0 X 0 0 0 MILBREY RENNIE TAYLOR TRUSTEE 2 0 X 0 0 0 DEBRA BETH FAGEL TREYZ TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 JILL TROY WERNER TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 CHRISTIANNA WOOD TRUSTEE AND COMMITTEE CHAIR 4 0 X 0 0 0 PAMELA MARS WRIGHT TRUSTEE 2 0 X 0 0 0 CATHARINE BOND HILL PRESIDENT AND TRUSTEE 40 0 X X 1649281 0 242815 CATHERINE BAER VP FOR ALUMNAE AFFAIRS AND DEV 40 0 X 323882 0 58755 MARIANNE BEGEMANN DEAN OF STR PLAN AND ACAD RES 40 0 X 193876 0 35450 MICHAEL CATO VP FOR COMP AND INFO SVCS 40 0 X 180343 0 55014 JONATHAN CHENETTE DEAN OF THE FACULTY 40 0 X 255375 0 94772 STEPHEN DAHNERT ASSOC VP FOR FIN SVCS AND TREASURER 40 0 X 176212 0 98831 SUSAN DEKREY VP FOR COMMUNICATIONS 40 0 X 193836 0 58859 CHRISTOPHER ROELLKE DEAN OF THE COLLEGE 40 0 X 182950 0 152842 CHRISTOPHER SMART SECRETARY OF THE BOARD 40 0 X 130826 0 36835 ROBERT WALTON VP FOR FIN AND ADMIN 40 0 X 284625 0 74427 ANGELIQUE ZALAZNICK CONTROLLER 40 0 X 140244 0 35655 R NICHOLAS ADAMS PROFESSOR OF ART 40 0 X 185883 0 55466 THOMAS ALLEN EXEC DIR OF BUILDINGS AND GROUNDS 40 0 X 219628 0 45212 JAMES MERRELL PROFESSOR OF HISTORY 40 0 X 192766 0 88388 PAUL A RUUD PROFESSOR OF ECONOMICS 40 0 X 197199 0 45755 RICHARD WILSON PROFESSOR OF MUSIC 40 0 X 202625 0 48459 JOHN FEROE FORMER SECRETARY OF THE BOARD 40 0 X 167476 0 53519 4877027 0 1281054 175 1 1 0 DANIEL O'CONNELL'S SONS 480 HAMPDEN STREET HOLYOKE MA 01040 CONSTRUCTION SERVICES 19086092 ARAMARK SERVICES INC 80 GLASTONBURY BLVD SUITE 3 MADISON CT 06443 FOOD SERVICE 4398345 AETOS ALTERNATIVES MANAGEMENT LLC 875 Third Avenue New York NY 10022 INVESTMENT ADVISOR 2865951 ARRIS CONTRACTING COMPANY INC 189 SMITH ST POUGHKEEPSIE NY 12601 CONTRACTING SERVICES 2260832 STORM KING GROUP INC 720 NEELYTOWN ROAD MONTGOMERY NY 12549 CONSTRUCTION SERVICES 1053955 80 76924 0 0 0 2241770 19791999 4036149 22110693 TUITION AND FEES 611310 129186700 129186700 0 0 ROOM AND BOARD 611310 25015321 25015321 0 0 SUMMER PROGRAMS 611600 227923 227923 0 0 OTHER PROGRAM REVENUE 611310 3469189 3469189 0 0 0 0 0 0 157899133 7925913 3017 -20035 7942931 0 0 0 0 0 0 0 0 428126 0 423688 0 4438 0 4438 0 0 4438 373269485 826296 339025014 3985309 34244471 -3159013 31085458 0 0 31085458 0 2092667 1660426 432241 432241 0 0 AUXILIARY REVENUE 900099 3586998 3586998 0 0 0 0 0 0 3586998 223044874 161921389 -20035 39032827 76924 76924 61180179 61180179 758863 758863 0 0 4624512 2427967 1230199 966346 0 0 0 0 73533421 58826737 11030013 3676671 6229340 5139205 778668 311467 24115279 19895106 3014410 1205763 5574560 4459648 836184 278728 0 0 0 0 348666 348666 311895 311895 0 0 0 0 5489160 5489160 4137717 2528221 211343 1398153 795451 572724 39773 182954 8204778 4922867 3035768 246143 1528610 1527926 573 111 37835 30718 7117 0 7291375 4520652 2697809 72914 3050445 1891276 335549 823620 0 0 0 0 1804114 639730 368727 795657 9617709 7706138 1720414 191157 0 0 0 0 20310222 16276357 3630479 403386 805029 151284 540253 113492 FOOD SERVICES 4398345 0 4398345 0 JYA PROGRAMS 3142320 3142320 0 0 LIBRARY MATERIALS 2605302 2605302 0 0 OTHER GENERAL INSTITUTION 283821 127665 151556 4600 3100 0 3100 0 250258972 199407809 40180001 10671162 X 6170393 6418284 53676593 183882841 24699345 16395498 545823 631708 3322178 3232126 823730 919997 5193974 4102493 822765676 336970121 472326656 485795555 475008252 306003316 520876080 473041111 9312487 8483450 1571955511 1488906379 26935355 23024082 3958875 3309530 250471565 248478684 66208340 71656883 347574135 346469179 X 346097198 316456908 535606447 477898033 342677731 348082259 1224381376 1142437200 1571955511 1488906379 X -27214098 -55036299 0 0 0 306221 X 0 1 X 1 1 1 X 38339251 73889315 31344793 34360332 22110693 200044384 0 0 0 0 0 0 0 0 0 0 0 0 38339251 73889315 31344793 34360332 22110693 200044384 200044384 12831579 11391962 14230630 11493826 8354039 58302036 0 208543 0 0 0 208543 5084493 4608748 4332841 5133331 4019239 23178652 281733615 719820090 0.71005 0.71702 X Schedule A, Part II, Line 10 OTHER INCOME INCLUDES REVENUE FROM THE SALE OF INVENTORY AND OTHER MISCELLANEOUS REVENUE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 0 Schedule C, Part II-B, Line 1 THE COLLEGE PAYS MEMBERSHIP DUES TO SEVERAL ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. X 1 1 0 0 0 1 0 12 0 0 957350 55284495 0 0 X X X X X INSTRUCTION 1 982974375 14043302 -17092070 13494424 37614603 0 928816580 974179926 23752988 22039331 13110055 23887815 0 982974375 868744442 33637551 123797933 12014840 39985160 0 974179926 804912006 14896339 93117794 11535277 32646420 0 868744442 814130058 17744816 15611923 10941139 31633652 0 804912006 0.1532 0.3542 0.4926 1 0 539843 1586030 2125873 4158381 550305505 183010275 371453611 0 4216476 2285447 1931029 0 93022381 82482960 10539421 0 168937060 69191439 99745621 485795555 HEDGE FUNDS 280328355 F INSTITUTIONAL MUTUAL FUNDS 14998932 F BALANCED ACCOUNTS 170463 F REAL ESTATE, OIL AND GAS PARTNERSHIPS 78513712 F VENTURE CAPITAL 95680832 F MARKETABLE REAL ESTATE 3348817 F 473041111 0 REFUNDABLE GOVERNMENT LOAN FUNDS 2367242 PRESENT VALUE OF BENEFICIARY PAYMENTS 12595660 DEPOSITS HELD FOR OTHERS 1846255 ACCRUED PENSION OBLIGATION 17523107 ASSET RETIREMENT OBLIGATION 10794922 ACCRUED POST RETIREMENT BENEFIT OBLIGATION 26529697 71656883 X 96325756 -55036299 0 0 -4445813 -59482112 155807868 5297964 61939042 67237006 223044874 178269933 0 0 0 1660426 1660426 176609507 5297964 68351501 73649465 250258972 Schedule D, Part II, Line 9 THE COLLEGE'S CONSERVATION EASEMENT HAS NO ATTRIBUTED VALUE AND IS NOT RECORDED IN THE FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 THE COLLEGE'S FRANCES LEHMAN LOEB ART CENTER MAINTAINS COLLECTIONS OF PAINTINGS, SCULPTURES, PRINTS, PHOTOGRAPHS AND CERAMICS FOR USE BY FACULTY AND STUDENTS AS A COMPLEMENT TO THE CURRICULUM IN A VARIETY OF INSTRUCTIONAL DISCIPLINES. Schedule D, Part V, Line 4 THE COLLEGE'S ENDOWMENT FUNDS ARE MAINTAINED ACCORDING TO DONOR RESTRICTIONS AND EARNINGS ARE USED TO SUPPORT SCHOLARSHIPS AND A VARIETY OF PROGRAMS INCLUDING INSTRUCTION, RESEARCH, AND ACADEMIC SUPPORT. Schedule D, Part X, Line 2 THE COLLEGE GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS AND BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. Schedule D, Part XI, Line 2d ADJUSTMENT FOR MINIMUM PENSION LIABILITY (5,606,643); COST OF GOODS SOLD 1,660,426; POST RETIREMENT BENEFIT CHANGES OTHER THAN NET PERIODIC COSTS (422,672); GRANTS AND OTHER ASSISTANCE TO US ORGANIZATIONS (76,924); TOTAL (4,445,813) Schedule D, Part XI, Line 4b SCHOLARSHIPS 61,939,042 Schedule D, Part XII, Line 2d COST OF GOODS SOLD - COMPUTER STORE AND COLLEGE STORE 1,660,426 Schedule D, Part XII, Line 4b ADJUSTMENT FOR MINIMUM PENSION LIABILITY 5,606,643; SCHOLARSHIPS 61,939,042; ADJUSTMENT FOR MINIMUM PENSION LIABILITY 805,817; TOTAL 68,351,502 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 VASSAR COLLEGE PUBLICIZES ITS NON-DISCRIMINATORY POLICY VIA BROCHURES MAILED TO ALL POTENTIAL STUDENTS AS WELL AS ON THE COLLEGE'S WEBSITE. Schedule E, Part I, Line 6 VASSAR COLLEGE PARTICIPATES IN THE U.S. DEPARTMENT OF EDUCATION TITLE IV AID PROGRAMS AND REGULARLY RECEIVES AWARDS FOR RESEARCH FROM SEVERAL FEDERAL AGENCIES, THE COLLEGE ALSO RECEIVES FUNDING FROM NEW YORK STATE'S BUNDY PROGRAM. 1 Europe (including Iceland and Greenland) 6 6 Program Services ACADEMIC INSTRUCTION 1690503 Europe (including Iceland and Greenland) 0 0 Grantmaking SCHOLARSHIPS 685439 Russia and the newly independent States 1 1 Program Services ACADEMIC INSTRUCTION 189275 Russia and the newly independent States 0 0 Grantmaking SCHOLARSHIPS 73424 Central America and the Caribbean 0 0 Investments INVESTMENTS 280325458 7 7 282964099 SCHOLARSHIPS Europe (including Iceland and Greenland) 33 685439 check SCHOLARSHIPS Russia and the newly independent States 5 73424 check 1 0 1 1 1 1 Schedule F, Part I, Line 2 STUDENTS WHO ARE AWARDED SCHOLARSHIPS HAVE FUNDS CREDITED TO THEIR ACCOUNT AND USE IS RESTRICTED TO PURPOSES RELATED TO ENROLLMENT IN A PROGRAM OF STUDY. Schedule F, Part I, Line 3 EXPENSES ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING AND INVESTMENTS ARE ACCOUNTED FOR USING THE FAIR MARKET VALUE. 1 FAMILY SERVICES INC 50 N HAMILTON STREET POUGHKEEPSIE NY 12601 141338399 501(c)(3) 13079 BASIC NEEDS ASSISTANCE DUTCHESS OUTREACH INC 29 N HAMILTON STREET NO 1 POUGHKEEPSIE NY 12601 222339537 501(c)(3) 6529 BASIC NEEDS ASSISTANCE GLSEN HUDSON VALLEY PO BOX 604 YORKTOWN HEIGHTS NY 10598 133942454 501(c)(3) 6539 SCHOOL COMMUNITY DEVELOPMENT HUDSON RIVER HOUSING INC 313 MILL STREET POUGHKEEPSIE NY 12601 222456648 501(c)(3) 6539 HOMELESS SHELTER EMERGENCY HOUSING REAL SKILLS NETWORK 126 S CHERRY STREET POUGHKEEPSIE NY 12601 261086662 501(c)(3) 9840 LIFE SKILLS FOR YOUTH 5 0 FELLOWSHIPS WITH REQUIRED PERIODIC WRITTEN REPORTS OF ACTIVITIES TO THE COLLEGE 96 731424 SCHOLARSHIPS RESTRICTED TO PURPOSES RELATED TO ENROLLMENT IN A PROGRAM OF STUDY 1489 60448755 Schedule I, Part I, Line 2 VASSAR COLLEGE RAISES FUNDS FOR, AND MAKES CONTRIBUTIONS TO, A WIDE VARIETY OF 501(C)(3) ORGANIZATIONS IN THE GREATER POUGHKEEPSIE AREA. THESE ORGANIZATIONS ARE SELECTED ANNUALLY BY A COMMITTEE OF EMPLOYEES AND STUDENTS AFTER REVIEW OF THEIR ACTIVITIES AND MISSION. EMPLOYEES AND STUDENTS ALSO VOLUNTEER TIME AT EACH ORGANIZATION. FUNDS ARE COLLECTED ANNUALLY FROM THE GIFTS OF EMPLOYEES, STUDENTS, TRUSTEES, AND FRIENDS OF VASSAR AS PART OF THE "COMMUNITY WORKS" CAMPAIGN. VASSAR ALSO MAKES SMALL CONTRIBUTIONS TO OTHER LOCAL NON-PROFIT AND GOVERNMENTAL ENTITIES WHO ARE NOT PART OF THE CAMPAIGN. Schedule I, Part III STUDENTS WHO ARE AWARDED SCHOLARSHIPS HAVE FUNDS CREDITED TO THEIR ACCOUNT AND THE USE IS RESTRICTED TO PURPOSES RELATED TO ENROLLMENT IN A PROGRAM OF STUDY. RECIPIENTS OF FELLOWSHIPS ARE REQUIRED TO SUBMIT PERIODIC WRITTEN REPORTS OF THEIR ACTIVITIES TO THE COLLEGE. X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 CATHARINE BOND HILL PRESIDENT AND TRUSTEE 438837 0 0 0 1210444 0 149800 0 125165 0 1924246 0 1200000 0 CATHERINE BAER VP FOR ALUMNAE AFFAIRS AND DEV 289790 0 0 0 34093 0 30980 0 27775 0 382638 0 27683 0 MARIANNE BEGEMANN DEAN OF STR PLAN AND ACAD RES 192223 0 0 0 1653 0 23220 0 12230 0 229326 0 0 0 MICHAEL CATO VP FOR COMP AND INFO SVCS 180181 0 0 0 163 0 22455 0 32559 0 235358 0 0 0 JONATHAN CHENETTE DEAN OF THE FACULTY 254187 0 0 0 1188 0 31488 0 63284 0 350147 0 0 0 STEPHEN DAHNERT ASSOC VP FOR FIN SVCS AND TREASURER 175510 0 0 0 701 0 22282 0 76549 0 275042 0 0 0 SUSAN DEKREY VP FOR COMMUNICATIONS 191559 0 0 0 2277 0 24240 0 34619 0 252695 0 0 0 CHRISTOPHER ROELLKE DEAN OF THE COLLEGE 182537 0 0 0 412 0 24240 0 128602 0 335791 0 0 0 CHRISTOPHER SMART SECRETARY OF THE BOARD 130495 0 0 0 331 0 16009 0 20827 0 167662 0 0 0 ROBERT WALTON VP FOR FIN AND ADMIN 283437 0 0 0 1188 0 31800 0 42627 0 359052 0 0 0 ANGELIQUE ZALAZNICK CONTROLLER 140145 0 0 0 99 0 15631 0 20024 0 175899 0 0 0 R NICHOLAS ADAMS PROFESSOR OF ART 183726 0 0 0 2156 0 22975 0 32491 0 241348 0 0 0 THOMAS ALLEN EXEC DIR OF BUILDINGS AND GROUNDS 115763 0 0 0 103865 0 16273 0 28938 0 264839 0 0 0 JAMES MERRELL PROFESSOR OF HISTORY 191583 0 0 0 1183 0 24210 0 64177 0 281153 0 0 0 PAUL A RUUD PROFESSOR OF ECONOMICS 193518 0 0 0 3681 0 23601 0 22155 0 242955 0 0 0 RICHARD WILSON PROFESSOR OF MUSIC 198799 0 0 0 3827 0 24467 0 23992 0 251085 0 0 0 JOHN FEROE FORMER SECRETARY OF THE BOARD 165579 0 0 0 1897 0 20930 0 32589 0 220995 0 0 0 Schedule J, Part I, Line 1a ON CAMPUS HOUSING IS PROVIDED FOR THE PRESIDENT, DEAN OF FACULTY, AND THE DEAN OF THE COLLEGE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. IN ADDITION, HOUSEKEEPING SERVICE IS ALSO PROVIDED FOR THE PRESIDENT. THE ESTIMATED VALUE OF THIS HOUSING AND HOUSEKEEPING SERVICE IS INCLUDED IN PART II, COLUMN D. ANNUAL DUES FOR CLUBS ARE PAID BY THE COLLEGE AND PROVIDED TO THE PRESIDENT FOR THE BENEFIT OF THE COLLEGE. DUES PAID ACCORDING TO CONTRACT ARE TREATED AS IMPUTED INCOME AND ARE INCLUDED IN PART II, COLUMN B III. Schedule J, Part I, Line 4 4A: THOMAS ALLEN RECEIVED A SEVERANCE PAYMENT WHICH IS INCLUDED IN COLUMN BIII OF PART II, Part 1; 4B: THE COLLEGE MAINTAINS A CLOSED, SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN FOR CERTAIN OFFICERS AND FORMER OFFICERS. THE PLAN HAS BEEN CLOSED SINCE 2004. WITHDRAWALS FROM THE PLAN ARE REPORTED AS TAXABLE INCOME TO THE PARTICIPANT IN PART II, COLUMN BIII AND AS DEFERRED COMPENSATION REPORTED IN A PRIOR FORM 990 IN PART II, COLUMN F. Schedule J, Part II LINE 1(i) - THE COLLEGE MAINTAINED A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE IN WHICH THE NOW FORMER PRESIDENT WAS THE SOLE PARTICIPANT. THAT PLAN WAS CREATED AT THE TIME OF THE FORMER PRESIDENT'S HIRING IN 2006 BECAUSE SHE WAS NOT OFFERED TENURE WHEN HIRED BY THE COLLEGE, AND HAD TO GIVE UP HER TENURED POSITION AT HER PREVIOUS INSTITUTION, WHICH COULD HAVE HAD A SIGNIFICANT ADVERSE FINANCIAL IMPACT ON THE PRESIDENT'S LONGER-TERM FINANCIAL WELL-BEING. THESE ARRANGEMENTS WERE APPROVED BY THE BOARD OF TRUSTEES, BASED ON AN EXPERT OPINION FROM A MAJOR ACCOUNTING FIRM AND A HIGHLY REGARDED COMPENSATION EXPERT, BOTH OF WHICH AGREED THAT THE PRESIDENT'S COMPENSATION WAS WITHIN THE ACCEPTABLE RANGE COMPARED TO PEER INSTITUTIONS. WHILE THE AMOUNT OF THE DEFERRED COMPENSATION WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND DID NOT VEST AND WAS NOT PAID UNTIL THE CURRENT REPORTING YEAR, THE AMOUNT DEFERRED EACH YEAR WAS REPORTED ANNUALLY IN COLUMN (C). ONCE THE SUBSTANTIAL RISK OF FORFEITURE LAPSED AND THE BENEFIT WAS PAID, THE ENTIRE BENEFIT PAID DURING THE APPLICABLE REPORTING YEAR WAS REPORTED IN COLUMN (B)(III). THE REQUIREMENT TO REPORT THE DEFERRED AMOUNTS WHEN EARNED EACH YEAR AND AGAIN WHEN VESTED AND PAID CONSTITUTES A DOUBLE REPORTING REQUIREMENT BY THE IRS RULES AND REGULATIONS. IN ADDITION, IN CONNECTION WITH AN EXTENSION OF HER INITIAL EMPLOYMENT CONTRACT, THE COLLEGE DEFERRED ADDITIONAL COMPENSATION OF THE PRESIDENT, AND THIS ANNUAL CONTRIBUTION IS ALSO REPORTED IN COLUMN (C). A DORMITORY AUTH OF THE STATE OF NY 146000293 649903KD2 2007-04-18 127431246 CAPITAL IMPROVEMENTS, REFUND SERIES 1995 & ADVANCE REFUND SERIES 2001 0 0 0 B DORMITORY AUTH OF THE STATE OF NY 146000293 649905YS9 2010-04-29 50593000 CAPITAL IMPROVEMENTS 0 0 0 C DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 267045DC3 2013-06-06 87968505 CAPITAL IMPROVEMENTS 0 0 0 A 13650000 0 140255162 0 0 0 1099761 0 0 53286090 86215082 0 2010 1 1 1 1 B 0 0 51488350 0 3021832 0 485944 0 0 47489073 491501 0 2012 0 0 0 1 C 0 0 88047452 0 2180072 0 663134 0 0 77795902 239914 7168431 2016 0 0 0 1 A 0 0 1 1 1 1 0.0015 0.0015 0 0 1 B 0 0 1 1 1 1 0.0013 0 0.0013 0 0 1 C 0 0 1 1 1 1 0 0 0 0 0 1 A 1 0 0 0 1 1 B 0 0 0 1 0 0 0 1 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part II, Line 3-04/18/2007 127,431,246 DORMITORY AUTH OF THE STATE OF NY THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND AND REFUNDING TRUST ACCOUNT Schedule K, Part II, Line 3-04/29/2010 50,593,000 DORMITORY AUTH OF THE STATE OF NY THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND Schedule K, Part II, Line 3-06/06/2013 87,968,505 DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND Schedule K, Part II, Line 11-04/18/2007 127,431,246 DORMITORY AUTH OF THE STATE OF NY THE OTHER SPENT PROCEEDS EQUAL THE REFUNDING PROCEEDS OF THE ISSUE, INCLUDING EARNINGS ON SLGS IN THE REUNDING TRUST ACCOUNT, THAT ARE NO LONGER IN ESCROW (85,268,002) AND PROCEEDS USED TO PAY THE NEW YORK STATE ISSUER FEE (947,080) Schedule K, Part II, Line 11-04/29/2010 50,593,000 DORMITORY AUTH OF THE STATE OF NY THE OTHER SPENT PROCEEDS ARE THE PROCEEDS USED TO PAY THE NEW YORK STATE ISSUER FEE Schedule K, Part II, Line 11-06/06/2013 87,968,505 DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION THE OTHER SPENT PROCEEDS ARE THE PROCEEDS USED TO PAY THE NEW YORK STATE ISSUER FEE Schedule K, Part IV, Line 2c-04/29/2010 50,593,000 DORMITORY AUTH OF THE STATE OF NY PART IV, LINE 2C, COLUMN B, SERIES 2010: AN ARBITRAGE REBATE CALCULATION WAS COMPLETED ON 4/29/2015 X 11 957350 INDEPENDENT APPRAISALS X 48200 INDEPENDENT APPRAISALS X 184 3030599 FAIR MARKET VALUE 10 0 1 1 Schedule M, Part I COLUMN B - THE NUMBER REPRESENTS THE AMOUNT OF ITEMS DONATED. Schedule M, Part I, Line 32b GIFTS OF SECURITIES ARE RECEIVED BY REGISTERED BROKERS AND SOLD ON BEHALF OF VASSAR COLLEGE. PROCEEDS FROM SALES ARE DEPOSITED INTO THE COLLEGE BANK ACCOUNTS. Form 990, Part VI, Section A, Line 7b ALTHOUGH SUBJECT TO ELECTION BY THE FULL BOARD, SIX OF THE MEMBERS OF THE BOARD ARE NOMINATED BY THE ALUMNAE AND ALUMNI VASSAR COLLEGE AND NOT BY THE NOMINATIONS COMMITTEE OF THE BOARD. Form 990, Part VI, Section B, Line 11b THE BOARD OF TRUSTEES DELEGATES THE RESPONSIBILITY FOR OVERSIGHT OF THE PREPARATION OF FORM 990 TO THE AUDIT COMMITTEE WHICH REVIEWS THE ENTIRE FORM 990 AS A DRAFT PRIOR TO THE COMPLETION OF THE REVIEW BY THE COLLEGE'S CERTIFIED PUBLIC ACCOUNTANT. THE FINAL VERSION, EXCLUDING SCHEDULE B, IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION. Form 990, Part VI, Section B, Line 12c VASSAR COLLEGE ISSUES CONFLICT OF INTEREST QUESTIONNAIRES TO OFFICERS, DIRECTORS, TRUSTEES AND OTHER MEMBERS OF THE FACULTY AND ADMINISTRATION WITH SIGNIFICANT BUDGETARY RESPONSIBILITIES. ONCE THE COMPLETED FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD AND REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE CHAIR OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE, THE COLLEGE RESPONDS TO ANY DISCLOSURES WITH APPROPRIATE ACTION INCLUDING REQUIRING PERSONS TO RECUSE THEMSELVES FROM INVOLVEMENT WITH ANY DECISIONS FOR WHICH THE RELATIONSHIP WOULD REPRESENT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15 VASSAR PARTICIPATES IN A THIRD PARTY DATA COLLECTION PROCESS WITH 25 PEER COLLEGES. WE SUBMIT DATA ANNUALLY TO A PROFESSIONAL COMPENSATION ANALYST, WHO SUMMARIZES THE DATA AS A RANGE WITH QUARTILES. THE REPORT IS PROVIDED TO THE PERSONNEL AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.THE BOARD DETERMINES RAISES FOR ALL SENIOR OFFICERS AND REPORTS THEIR FINDINGS THROUGH THE PRESIDENT FOR FINANCE AND ADMINISTRATION. COMMITTEE RECORDS ARE MAINTAINED BY THE SECRETARY OF THE BOARD OF TRUSTEES FOR THE PERMANENT FILES OF THE BOARD. WE BELIEVE THAT OUR POLICY MEETS THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. Form 990, Part VI, Section C, Line 19 VASSAR PUBLISHES ITS GOVERNANCE IN PRINT AND ONLINE, THE CONFLICT OF INTEREST IS PUBLISHED ONLINE, AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ONLINE AND IN PRINT FORM BY REQUEST. Form 990, Part X, Line 16 CERTAIN RECLASSIFICATIONS HAVE BEEN MADE TO THE PRIOR YEAR'S ENDING BALANCE SHEET TO CONFORM WITH THE CLASSIFICATIONS USED IN THE CURRENT YEAR. THESE RECLASSIFICATIONS HAVE NO IMPACT ON THE OVERALL ASSETS, LIABILITIES, OR NET ASSET AMOUNTS REPORTED. Form 990, Part XI, Line 9 POST RETIREMENT BENEFITS CHANGES OTHER THAN NET PERIODIC BENEFITS COST (422,672); POST RETIREMENT BENEFITS CHANGES OTHER THAN NET PERIODIC BENEFITS COST 805,817; GRANTS AND OTHER ASSISTANCE TO US ORGANIZATIONS (76,924); TOTAL OTHER CHANGES IN NET ASSETS 306,221. COLLEGE PROPERTIES LLC 124 RAYMOND AVENUE BOX 655 POUGHKEEPSIE NY 12604 141817534 REALTY INVESTMENT NY 70015 3878054 VASSAR COLLEGE POOLED INCOME FUNDS (3) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 1 1 CHARITABLE REMAINDER UNITRUSTS (15) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 1 1 CHARITABLE REMAINDER ANNUITY TRUST (2) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 POOLED INCOME FUNDS (3) s 602546 Fair Market Value CHARITABLE REMAINDER UNITRUSTS (15) r 21598 Fair Market Value