2016-05-13T18:35:31-05:00 2015-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2014-07-01 010215213 BOWDOIN COLLEGE % MATTHEW P ORLANDO BOWD 2077253804 5400 COLLEGE STATION BRUNSWICK ME 040118445 MATTHEW P ORLANDO VP FOR FINANCE 2077253804 2016-05-13 true TARA D'AGOSTINO P01245482 6179881000 2014 2016-08-17 19:52:53Z CLAYTON ROSE 5400 COLLEGE STATION BRUNSWICK ME 040118445 591186000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O 44 39 3015 2089 1669000 44907000 61200000 109598000 110873000 80833000 116265000 5000 861000 235343000 289199000 33785000 33729000 0 0 87713000 93882000 862000 423000 6571000 59354000 61378000 181714000 189412000 53629000 99787000 1735882000 1897816000 333380000 334093000 1402502000 1563723000 X *SEE SCHEDULE O* false false 161495000 33729000 111733000 THE ON-CAMPUS STUDENT BODY NUMBERS APPROXIMATELY 1,785. AN ESTIMATED 143 STUDENTS STUDY AWAY ANNUALLY; 93% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 99% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2015, 38,918 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 30,671 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 161495000 true true false true false false false true true true true true false false true true true false true true true false true false true false false true true true true false true false false false false true false true true true true false false true true true true false false true 499 0 true 3015 true true true true UK false false false true true false false false false X 44 39 false false false false false false false true true false false false true true true true true true true false X MATTHEW P ORLANDO 2077253804 5400 COLLEGE STATION BRUNSWICK ME 040118445 DEBORAH JENSEN BARKER CHAIR 8.0 0.0 X X 0 0 0 DAVID P WHEELER VICE CHAIR 8.0 0.0 X X 0 0 0 STEWART BAINUM JR TRUSTEE 4.0 0.0 X 0 0 0 PETER J BERNARD TRUSTEE 4.0 0.0 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.0 0.0 X 0 0 0 GREGORY B BOWES TRUSTEE 4.0 0.0 X 0 0 0 RONALD C BRADY TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BROWN TRUSTEE 4.0 0.0 X 0 0 0 LEONARD W COTTON TRUSTEE 4.0 0.0 X 0 0 0 MICHELE G CYR TRUSTEE 4.0 0.0 X 0 0 0 IRIS W DAVIS TRUSTEE 4.0 0.0 X 0 0 0 JEFF D EMERSON TRUSTEE 4.0 0.0 X 0 0 0 JOHN A GIBBONS JR TRUSTEE 4.0 0.0 X 0 0 0 DONALD A GOLDSMITH TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN F GORMLEY TRUSTEE 4.0 0.0 X 0 0 0 BRADFORD A HUNTER TRUSTEE 4.0 0.0 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.0 0.0 X 0 0 0 ANN HAMBELTON KENYON TRUSTEE 4.0 0.0 X 0 0 0 GREGORY E KERR TRUSTEE 4.0 0.0 X 0 0 0 GEORGE A KHALDUN TRUSTEE 4.0 0.0 X 0 0 0 JAMES W MACALLEN TRUSTEE 4.0 0.0 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.0 0.0 X 0 0 0 HENRY T A MONIZ TRUSTEE 4.0 0.0 X 0 0 0 DAVID A MORALES TRUSTEE 4.0 0.0 X 0 0 0 SCOTT B PERPER TRUSTEE 4.0 0.0 X 0 0 0 KATHLEEN K PHILLIPS-LOHRMANN TRUSTEE 4.0 0.0 X 0 0 0 JANE L PINCHIN TRUSTEE 4.0 0.0 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.0 0.0 X 0 0 0 LINDA HORVITZ ROTH TRUSTEE 4.0 0.0 X 0 0 0 DAVID J ROUX TRUSTEE 4.0 0.0 X 0 0 0 GEOFFREY CLAFLIN RUSACK TRUSTEE 4.0 0.0 X 0 0 0 H ALLEN RYAN TRUSTEE 4.0 0.0 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.0 0.0 X 0 0 0 ANDREW E SERWER TRUSTEE 4.0 0.0 X 0 0 0 PETER M SMALL TRUSTEE 4.0 0.0 X 0 0 0 MARY TYDINGS SMITH TRUSTEE 4.0 0.0 X 0 0 0 JAMES E STALEY TRUSTEE 4.0 0.0 X 0 0 0 SHELDON M STONE TRUSTEE 4.0 0.0 X 0 0 0 JOHN J STUDZINSKI TRUSTEE 4.0 0.0 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.0 0.0 X 0 0 0 KAREN N WALKER TRUSTEE 4.0 0.0 X 0 0 0 PAULA M WARDYNSKI TRUSTEE 4.0 0.0 X 0 0 0 ROBERT F WHITE TRUSTEE 4.0 0.0 X 0 0 0 BARRY MILLS PRESIDENT 40.0 0.0 X X 441524 0 97875 SCATHERINE LONGLEY SVP FINANCE & ADMIN/TREASURER 40.0 0.0 X 306014 0 70984 PAULA VOLENT SVP FOR INVESTMENTS 40.0 0.0 X 1249740 0 60184 KELLY KERNER SVP DVT & ALUMNI RELATIONS 0.0 0.0 X 371196 0 27090 RICHARD GANONG SVP FOR DVT & ALUMNI RELATIONS 40.0 0.0 X 295437 0 21155 CRISTLE COLLINS JUDD DEAN FOR ACADEMIC AFFAIRS 40.0 0.0 X 247222 0 64090 SCOTT MEIKLEJOHN DEAN OF ADMISSIONS & STDT AID 40.0 0.0 X 213509 0 49578 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 40.0 0.0 X 192737 0 59001 MITCHEL DAVIS CHIEF INFORMATION OFFICER 40.0 0.0 X 192450 0 57019 STEVEN CERF FACULTY 40.0 0.0 X 217734 0 17885 EDYTA RILEY ASSOC DIRECTOR OF INVESTMENTS 40.0 0.0 X 213551 0 47843 PATSY DICKINSON FACULTY 40.0 0.0 X 205444 0 59542 SARA ORR ASSOC DIR OF PRIVATE EQUITY 40.0 0.0 X 196135 0 33878 ELIZABETH ORLIC VP FOR DVT & ALUMNI RELATIONS 40.0 0.0 X 188824 0 46075 4531517 0 712199 125 false true false Warren Construction Group LLC PO Box 362 South Freeport ME 04078 Const. Services 1474267 Consigli Construction Co Inc 15 Franklin Street Portland ME 04101 Const. Services 1407535 EBSCO Information Services PO Box 204661 Dallas TX 75320 Library Services 1071478 Wright-Ryan Construction Inc 10 Danforth Street Portland ME 04101 Const. Services 942148 Anthem Blue Cross Blue Shield 3350 Peachtree Road Atlanta GA 30326 Admin. Services 499976 44 30000 92000 3469000 57609000 5171001 61200000 TUITION AND FEES 611710 83614000 83614000 ROOM AND BOARD 611710 21361000 21361000 AUXILIARY ENTERPRISES 611710 4526000 4383000 143000 TRUST INCOME 611710 283000 283000 OFF-CAMPUS STUDY 611710 266000 266000 823000 823000 110873000 11402000 -1701000 13103000 0 0 0 0 10000 10000 40000 0 40000 0 40000 40000 406771000 30000 301371000 567000 105400000 -537000 104863000 3227000 101636000 40000 92000 49000 -9000 -9000 0 0 0 REUNION WEEKEND 611710 250000 250000 OTHER REVENUE 611710 570000 570000 820000 289199000 111590000 1669000 114740000 218000 218000 33034000 33034000 477000 477000 0 4218000 1772000 2023000 423000 69000 69000 65242000 54008000 7695000 3539000 6745000 5612000 777000 356000 13283000 11207000 1382000 694000 4748000 3911000 572000 265000 0 421000 421000 310000 310000 16800 16800 0 299000 299000 5034000 3853000 1065000 116000 87000 83000 4000 5126000 4018000 552000 556000 3753000 2343000 1407000 3000 0 6331000 4957000 1374000 3678000 3039000 349000 290000 0 1067000 562000 211000 294000 12264000 11528000 736000 0 11247000 9672000 1575000 748000 673000 75000 PURCHASES FOR RESALE 3944000 3944000 LIBRARY MATERIALS 2631000 2631000 FACILITIES MAINT. & REPAIR 1759000 1671000 88000 EQP RENTAL, MAINT. & REPAIR 1011000 828000 181000 2000 1651200 1385000 233200 33000 189412000 161495000 21346000 6571000 0 0 60571000 47280000 17342000 26264000 1705000 1480000 0 0 0 0 4436000 4190000 1421000 1599000 4336000 4593000 397318000 140084000 256805000 257234000 66641000 70106000 1303084000 1470722000 0 0 0 0 19541000 14348000 1735882000 1897816000 18321000 19111000 4208000 4208000 1459000 1483000 117611000 156569000 311000 422000 0 0 7083000 4232000 0 0 184387000 148068000 333380000 334093000 X 176618000 221122000 756474000 836538000 469410000 506063000 1402502000 1563723000 1735882000 1897816000 X 99787000 68165000 -6731000 X false true X true true true X 28543000 27455000 44596000 44907000 61200000 206701000 0 0 28543000 27455000 44596000 44907000 61200000 206701000 33343789 173357211 8766000 8599000 13658000 13692000 13153000 57868000 1247000 1247000 0 12000 21000 7000 40000 80000 265896000 528294000 0.65197 0.67070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 16800 16800 false LOBBYING ACTIVITIES PART II-B, LINE 1I THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X false false true X 1216030000 49184000 176205000 20423000 24768000 3468000 1392760000 1038640000 24142000 198297000 18135000 23423000 3491000 1216030000 902364000 32465000 145485000 16808000 21283000 3583000 1038640000 904215000 15333000 23186000 16543000 21341000 2486000 902364000 753525000 24697000 165999000 16436000 21595000 1975000 904215000 0.07950 0.33650 0.58400 false false 5083000 5083000 338913000 107057000 231856000 786000 457000 329000 36290000 25120000 11170000 16246000 7450000 8796000 257234000 FIXED INCOME 15233000 F EQUITIES 340400000 F ABSOLUTE RETURN 569748000 F ALTERNATIVE INVESTMENTS 545341000 F 1470722000 0 LIABILITY: POST-RETIREMENT BENEFIT 16253000 ASSET RETIREMENT OBLIGATION 1376000 LIABILITY FOR PV OF LIFE INCOME 16859000 FAIR VALUE OF INTEREST RATE SWAP 6185000 TAXABLE BOND LIABILITIES 107395000 148068000 X 347214000 68165000 -6731000 61434000 285780000 3468000 -49000 3419000 289199000 185993000 49000 49000 185944000 3468000 3468000 189412000 ORGANIZATIONS MAINTAINING COLLECTIONS PART III, LINE 1A THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. ORGANIZATION'S COLLECTIONS PART III, LINE 4 COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. CUSTODIAL ACCOUNTS PART IV, LINE 2B THE COLLEGE SERVES AS THE AGENT INSTITUTION FOR THE INTERCOLLEGIATE SRI LANKA EDUCATION PROGRAM: $405,000; SECURITY DEPOSITS ON RENTAL PROPERTIES: $17,000 ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES FOR FUTURE GENERATIONS OF BOWDOIN STUDENTS. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XI, LINE 2D NET UNREALIZED LOSS ON INTEREST RATE SWAP ($690,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($764,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS ($4,993,000) GAIN ON ASSET RETIREMENT OBLIGATION $78,000 UNCOLLECTIBLE PLEDGES ($362,000) ------------ TOTAL ($6,731,000) OTHER REVENUE INCLUDED ON FORM 990 NOT IN F/S PART XI, LINE 4B DIRECT EXPENSES FOR FUNDRAISING EVENTS ($49,000) OTHER EXPENSES INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XII, LINE 2D DIRECT EXPENSES FOR FUNDRAISING EVENTS $49,000 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE ACADEMIC HANDBOOK CONTAINS A STATEMENT OF BOWDOIN COLLEGE'S NON-DISCRIMINATION POLICY. THE ACADEMIC HANDBOOK IS PUBLISHED ONLINE AT THE COLLEGE'S WEBSITE - WWW.BOWDOIN.EDU/ACADEMIC-HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL AID PART I, LINE 6A THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS AND COLLEGE WORK STUDY PROGRAMS. true East Asia and the Pacific Grantmaking 39000 Europe (Including Iceland and Greenland) Grantmaking 432000 North America Grantmaking 2000 Sub-Saharan Africa Grantmaking 4000 Central America and the Caribbean Investments 782773000 Europe (Including Iceland and Greenland) Investments 15295000 Sub-Saharan Africa Investments 16330000 Europe (Including Iceland and Greenland) Fundraising 5000 Central America and the Caribbean Program Services SEE PART V 1000 Central America and the Caribbean Program Services STUDENT RECRUITMENT 1000 East Asia and the Pacific Program Services SEE PART V 32000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 4000 Europe (Including Iceland and Greenland) Program Services SEE PART V 81000 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 6000 Middle East and North Africa Program Services SEE PART V 1000 North America Program Services SEE PART V 21000 North America 1 1 Program Services SCIENTIFIC STATION 29000 South America Program Services SEE PART V 14000 South America Program Services STUDENT RECRUITMENT 4000 South Asia Program Services SEE PART V 8000 South Asia Program Services STUDENT RECRUITMENT 1000 Sub-Saharan Africa Program Services SEE PART V 2000 1 1 1 1 815056000 29000 815085000 FINANCIAL AID East Asia and the Pacific 5 39000 WIRE TRANSF FINANCIAL AID Europe (Including Iceland and Greenland) 31 432000 WIRE TRANSF FINANCIAL AID North America 1 2000 WIRE TRANSF FINANCIAL AID Sub-Saharan Africa 3 4000 WIRE TRANSF true false true true true false MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED," DETERMINED THROUGH ANALYSIS OF INCOME, ASSET AND TAX INFORMATION SUBMITTED ON THE COLLEGE SCHOLARSHIP SERVICE/FINANCIAL AID PROFILE, FEDERAL FAFSA AND FEDERAL INCOME TAX RETURNS. THE COLLEGE DOES NOT OFFER MERIT BASED SCHOLARSHIPS OTHER THAN SCHOLARSHIPS TO NATIONAL MERIT SCHOLARS. THE COLLEGE MAINTAINS A FINANCIAL AID OFFICE TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. FUNDS ARE TRACKED SEPARATELY IN THE ORGANIZATION'S BOOKS AND RECORDS. PROGRAM SERVICE ACTIVITIES PART I, LINE 3 PROGRAM SERVICES ACTIVITY IN #9, 11, 13, 15, 16 AND #1, #3, AND #5 ON CONTINUATION PAGE - FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. BASIS OF ACCOUNTING PART I, LINE 3, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. GOLF TOURNEY 132000 92000 40000 9000 36000 2000 2000 0 132000 92000 40000 9000 36000 2000 2000 49000 -9000 true TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 999999999 GOV'T 129000 CONTRIBUTION CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(c)(3) 10000 CONTRIBUTION CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 9000 CONTRIBUTION CONTRIBUTION WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD JACKSONVILLE FL 32256 202370934 501(c)(3) 8000 CONTRIBUTION CONTRIBUTION 4 FINANCIAL AID FOR UNDERGRADUATE STUDENTS 828 31237000 STUDENT RESEARCH FELLOWSHIPS 485 1084000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 100 540000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 185 173000 MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED," DETERMINED THROUGH ANALYSIS OF INCOME, ASSET AND TAX INFORMATION SUBMITTED ON THE COLLEGE SCHOLARSHIP SERVICE/FINANCIAL AID PROFILE, FEDERAL FAFSA AND FEDERAL INCOME TAX RETURNS. THE COLLEGE DOES NOT OFFER MERIT BASED SCHOLARSHIPS OTHER THAN SCHOLARSHIPS TO NATIONAL MERIT SCHOLARS. THE COLLEGE MAINTAINS A FINANCIAL AID OFFICE TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X X true true X X X X true false false false false false false true false BARRY MILLS PRESIDENT 434044 0 0 0 7480 0 39950 0 57925 0 539399 0 0 0 SCATHERINE LONGLEY SVP FINANCE & ADMIN/TREASURER 298326 0 0 0 7688 0 47403 0 23581 0 376998 0 0 0 PAULA VOLENT SVP FOR INVESTMENTS 640240 0 605000 0 4500 0 39699 0 20485 0 1309924 0 0 0 KELLY KERNER SVP DVT & ALUMNI RELATIONS 150145 0 0 0 221051 0 14589 0 12501 0 398286 0 0 0 RICHARD GANONG SVP FOR DVT & ALUMNI RELATIONS 293614 0 0 0 1823 0 0 0 21155 0 316592 0 0 0 CRISTLE COLLINS JUDD DEAN FOR ACADEMIC AFFAIRS 244644 0 0 0 2578 0 38506 0 25584 0 311312 0 0 0 SCOTT MEIKLEJOHN DEAN OF ADMISSIONS & STDT AID 206441 0 0 0 7068 0 38852 0 10726 0 263087 0 0 0 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 191404 0 0 0 1333 0 35471 0 23530 0 251738 0 0 0 MITCHEL DAVIS CHIEF INFORMATION OFFICER 189401 0 0 0 3049 0 36611 0 20408 0 249469 0 0 0 STEVEN CERF FACULTY 80866 0 0 0 136868 0 13327 0 4558 0 235619 0 0 0 EDYTA RILEY ASSOC DIRECTOR OF INVESTMENTS 162949 0 50000 0 602 0 28345 0 19498 0 261394 0 0 0 PATSY DICKINSON FACULTY 202701 0 0 0 2743 0 31499 0 28043 0 264986 0 0 0 SARA ORR ASSOC DIR OF PRIVATE EQUITY 145674 0 50000 0 461 0 25183 0 8695 0 230013 0 0 0 ELIZABETH ORLIC VP FOR DVT & ALUMNI RELATIONS 187281 0 0 0 1543 0 25223 0 20852 0 234899 0 0 0 BENEFITS PART I, LINE 1A TRAVEL FOR COMPANIONS: SPOUSAL/PARTNER TRAVEL IS PERMISSIBLE IN INSTANCES WHERE THE PRESENCE OF A SPOUSE/PARTNER IS REQUIRED TO FURTHER A COLLEGE PURPOSE. THE AMOUNTS ARE COVERED UNDER THE COLLEGE'S EXPENSE REIMBURSEMENT POLICY. DURING THE TAX YEAR, THE ATTENDANCE OF THE PRESIDENT'S SPOUSE WAS REQUIRED AT CERTAIN COLLEGE EVENTS. RELATED TRAVEL COSTS WERE NONTAXABLE. GROSS-UP PAYMENTS: STEVEN CERF AND PATSY DICKINSON RECEIVED GROSS-UP PAYMENTS ON TAXABLE LENGTH OF SERVICE AWARDS. HOUSING ALLOWANCE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR BARRY MILLS. SOCIAL CLUB DUES: SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF THE SVP FOR INVESTMENTS AND THE DEAN FOR ACADEMIC AFFAIRS DURING CALENDAR YEAR 2014. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUBS ARE USED TO CONDUCT COLLEGE BUSINESS ONLY. SEVERANCE OR CHANGE OF CONTROL PAYMENTS PART I, LINE 4A KELLY KERNER RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $179,468. STEVEN CERF RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $134,975. NON-FIXED PAYMENTS PART I, LINE 7 A KEY EMPLOYEE IN THE INVESTMENT OFFICE HAS AN INCENTIVE PERFORMANCE-RELATED BONUS BASED IN PART ON THE INVESTMENT PERFORMANCE OF THE BOWDOIN COLLEGE ENDOWMENT. COMPENSATION PART II A PORTION OF THE COMPENSATION AMOUNT REPORTED FOR PATSY DICKINSON IS ATTRIBUTABLE TO SUPPLEMENTAL SALARY EARNED ON EXTERNALLY FUNDED RESEARCH AWARDS. A MAINE HHEFA SERIES 2009A 010314384 5604253P3 2009-05-14 97207250 REFUNDING/CONSTRUCTION-SEE PART VI false false false B MAINE HHEFA SERIES 2008 010314384 560425W30 2008-03-24 20700000 REFUNDS 2007 ISSUE DATED 6/6/07 false false false A 0 0 97207250 0 603892 1365155 875830 0 0 1858988 92503385 0 2012 true true true true B 0 0 20700000 0 0 0 200000 0 0 0 20500000 0 2009 true false true true A false true false false 0.01000 0.01000 false false false true B false true false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true true false 0 false 0 false true A true B true TAX EXEMPT BONDS PART I, LINE A, COLUMN F REFUND PRIOR BOND ISSUES 1995B ISSUED 7/25/95, 1998A ISSUED 3/18/98, 1998C ISSUED 11/19/98, 2001C ISSUED 5/15/01, 2003B ISSUED 7/24/03, 2005A ISSUED 8/17/05, 2006B ISSUED 4/6/06. LEASE ARRANGEMENTS PART III, LINE 2, COLUMN B WHILE THERE ARE LEASES ASSOCIATED WITH THIS BOND FINANCED PROPERTY THE EQUITY CONTRIBUTION TO EACH PROJECT EXCEEDS THE AMOUNT OF PRIVATE BUSINESS USE. REBATE COMPUTATION PART IV, LINE 2C BOND A REBATE COMPUTATION DATE 6/13/14. BOND B REBATE COMPUTATION DATE 4/29/13. NA N/A 8250 SCHOLARSHIP BENEFIT NA N/A 1600 FELLOWSHIP EDUCATION OAKTREE CAPITAL MANAGEMENT SEE PART V 1468761 CAPITAL DISTRIBUTION false TIFF REAL ESTATE PARTNERS SEE PART V 1373267 CAPITAL DISTRIBUTION false BLACKSTONE ENERGY PARTNERS SEE PART V 3961525 CAPITAL CONTRIBUTION false BLACKSTONE ENERGY PARTNERS SEE PART V 533116 CAPITAL DISTRIBUTION false MAINE EMPLOYERS MUTUAL INSURANCE OFFICER- C. LONGLEY 401351 PURCHASE OF INSURANCE false UNITED EDUCATORS OFFICER- C. LONGLEY 272983 PURCHASE OF INSURANCE false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- T. FOSTER 69000 COMPENSATION false BUSINESS TRANSACTIONS PART IV (1) OAKTREE CAPITAL MANAGEMENT: COLUMN (B) BOWDOIN TRUSTEE AND OCM FOUNDING PRINCIPAL AND BOARD MEMBER. (2) TIFF REAL ESTATE PARTNERS: COLUMN (B) BOWDOIN TRUSTEE AND TIFF REAL ESTATE PARTNERS MANAGING DIRECTOR. (3) BLACKSTONE ENERGY PARTNERS: COLUMN (B) BOWDOIN TRUSTEE AND SENIOR MANAGING DIRECTOR. (4) BLACKSTONE ENERGY PARTNERS: COLUMN (B) BOWDOIN TRUSTEE AND SENIOR MANAGING DIRECTOR. X 961 X 194 5171000 SEE PART II X 1 1 SEE PART II 13 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. NON-CASH CONTRIBUTIONS PART I, LINE 9 178 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 16 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. SECURITIES-CLOSELY HELD STOCK PART I, LINE 10 THE COLLEGE RECEIVED ONE GIFT OF CLOSELY HELD STOCK. DUE TO CERTAIN RESTRICTIONS ON SELLING THE SHARES AND THE LIMITED MARKET FOR THE SHARES, THE COLLEGE VALUED THE GIFT AT $1.00. ART - WORKS OF ART PART I, LINE 33 THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. ORGANIZATION'S MISSION CORE FORM 990, PART I, LINE 1 AND PART III, LINE 1 IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. FORM 990 REVIEW PROCESS CORE FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY BOWDOIN OFFICERS. FOLLOWING THIS REVIEW PROCESS, A PUBLIC DISCLOSURE COPY OF THE FINAL DRAFT FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES. PRIOR TO FILING, A COPY OF THE FINAL DRAFT SCHEDULE B IS PROVIDED TO THE CHAIRMAN OF THE BOARD, THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE DEVELOPMENT COMMITTEE. A COPY OF SCHEDULE B IS ALSO MADE AVAILABLE TO ALL BOARD MEMBERS AT A REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES PRIOR TO FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY CORE FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. SURVEYS ARE REVIEWED BY THE PRESIDENT, THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER, AND THE LEGAL COMPLIANCE OFFICER AND ASSISTANT SECRETARY OF THE COLLEGE. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT COMMITTEE AND TO THE BOARD OF TRUSTEES. ISSUES ARE DISCUSSED WITH LEGAL COUNSEL. COMPENSATION POLICY CORE FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. PUBLIC DISCLOSURE CORE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS CORE FORM 990, PART XI, LINE 9 NET UNREALIZED LOSS ON INTEREST RATE SWAP ($690,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS ($4,993,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($764,000) GAIN ON ASSET RETIREMENT OBLIGATION $78,000 UNCOLLECTIBLE PLEDGES ($362,000) ---------- TOTAL ($6,731,000) POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME 4783770 106073603 BOWDOIN TP PARTNERSHIP PO BOX 770 ASHLAND KY 41105 550648835 INVESTING KY NA Excl. 512, 513, 514 1 46881 false 0 true 0.56000 POOLED INCOME FUNDS (3) INVESTING BOWDOIN Trust true CHARITABLE REMAINDER TRUSTS (7) INVESTING BOWDOIN Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND B s 214039 FMV POOLED INCOME FUND C s 417854 FMV POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED PART IV THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 7 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 6 ARE DOMICILED IN MAINE AND 1 IN CONNECTICUT.