2016-05-14T07:22:09-05:00 2015-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2014-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED % SHELLEY NAVARI CHAM 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 Shelley Navari Treasurer 8028602700 2016-05-09 true MARY-EVELYN ANTONETTI P00431862 8605223200 2014 2016-08-17 19:52:53Z SHELLEY L NAVARI 163 SOUTH WILLARD STREET BURLINGTON VT 05401 124064062 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 32 31 1903 36 596705 -46604 6444618 2649994 94569813 99160038 1556413 2927379 1335650 1760569 103906494 106497980 20212967 23232844 0 0 40912948 42988904 0 0 1218671 35620031 36126883 96745946 102348631 7160548 4149349 185277063 193069485 60746722 66235025 124530341 126834460 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 58380256 23102670 68576208 UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE ACADEMIC DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE DIVISIONS THE COLLEGE HAS SEVEN CENTERS OF EXCELLENCE INCLUDING BRING YOUR OWN BUSINESS, THE CENTER FOR FINANCIAL LITERACY, THE PATRICK LEAHY CENTER FOR DIGITAL INVESTIGATION, THE EMERGENT MEDIA CENTER, THE CHAMPLAIN COLLEGE PUBLISHING INITIATIVE, THE GAME STUDIO AND THE DAVID L. COOPERRIDER CENTER FOR APPRECIATIVE INQUIRY. CHAMPLAIN'S 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 2,000 STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. 18034398 17222954 AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 19 TRADITIONAL RESIDENCE HALLS AND 6 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, YOU'LL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. ADDITIONALLY, THE COLLEGE'S BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). 10110977 130174 13360876 GRADUATE AND CONTINUING PROFESSIONAL STUDIES- THE COLLEGE HAS ELEVEN GRADUATE PROGRAMS, OFFERING MASTER DEGREES IN BUSINESS ADMINISTRATION, EMERGENT MEDIA (BOTH LOCALLY AND IN SHANGHAI), DIGITAL FORENSIC MANAGEMENT, DIGITAL FORENSIC SCIENCE, MANAGING INNOVATION & IT, MEDIATION & APPLIED CONFLICT STUDIES, LAW, HEALTHCARE MANAGEMENT, EXECUTIVE LEADERSHIP AND EARLY CHILDHOOD EDUCATION. A MASTERS IN INFORMATION SECURITY OPERATIONS BEGAN IN THE SPRING OF FY16. ADDITIONALLY, THE COLLEGE HAS BEGUN THE PROCESS OF TEACHING OUT THE MS IN DIGITAL FORENSIC MANAGEMENT AND THE MS IN MANGING INNOVATION & IT. THE COLLEGE HAS A PROSPERING DIVISION OF CONTINUING PROFESSIONAL STUDIES THAT FOLLOWS IN CHAMPLAIN'S TRADITION OF PARTNERING WITH BUSINESS AND INDUSTRY LEADERS, PROVIDING ADULT STUDENTS WITH CAREER-ENHANCING EDUCATIONAL CHOICES IN SOME OF TODAY'S GROWING FIELDS. THROUGH TRU-ED, A BUSINESS-EDUCATION ALLIANCE OFFERED THROUGH THE DIVISION OF CONTINUING PROFESSIONAL STUDIES, CHAMPLAIN PARTNERS WITH EMPLOYERS FOCUSED ON CAREER ADVANCEMENT TO PROVIDE HIGH-QUALITY, IN-DEMAND ONLINE DEGREES AND PROFESSIONAL CERTIFICATES. ACCESS TO THESE HIGH QUALITY ACADEMIC PROGRAMS IS PROVIDED THROUGH AN AFFORDABLE MONTHLY SUBSCRIPTION MODEL OFFERED AS AN EDUCATIONAL BENEFIT TO EMPLOYEES OF THESE ALLIANCE EMPLOYERS. 86525631 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 203 0 true 1903 true true true true CA EI false false false false false false false true false X 32 31 false false 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 X GEORGE BOND TRUSTEE (ROTATED OFF) 1.0 0.0 X 0 0 0 ROBERT BOTJER TRUSTEE 1.0 0.0 X 0 0 0 GEORGE BURILL TRUSTEE 1.0 0.0 X 0 0 0 DAWN BUGBEE TRUSTEE (ROTATED OFF) 1.0 0.0 X 0 0 0 SCOTT CARPENTER TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY CROWE TRUSTEE (ROTATED OFF) 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 SINCE 1.0 0.0 X 0 0 0 MARY EVSLIN TRUSTEE 1.0 0.0 X 0 0 0 JAMES FOSTER TRUSTEE (ROTATED OFF) 1.0 0.0 X 0 0 0 JOAN GIGNOUX TRUSTEE 1.0 0.0 X 0 0 0 CHARLES KITTREDGE TRUSTEE 1.0 0.0 X 0 0 0 SUSAN LAMASTER TRUSTEE (ROTATED OFF) 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 1.0 0.0 X 0 0 0 EMILY MORROW TRUSTEE 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 MICHAEL SULLIVAN TRUSTEE 1.0 0.0 X 0 0 0 RICH TARRANT TRUSTEE 1.0 0.0 X 0 0 0 DAVID STILLER TRUSTEE 1.0 0.0 X 0 0 0 SARAH TISCHLER TRUSTEE 1.0 0.0 X 0 0 0 TERENCE BREEN TRUSTEE 4/3/15 1.0 0.0 X 0 0 0 MARGUERITE DIBBLE TRUSTEE 10/10/14 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 189731 0 43683 LISA GROENEVELD TRUSTEE 4/3/15 1.0 0.0 X 0 0 0 CATHERINE MORGAN TRUSTEE 10/10/14 1.0 0.0 X 0 0 0 JULIE SNOW TRUSTEE 10/10/14 1.0 0.0 X 0 0 0 JANE SWIFT TRUSTEE 10/10/14 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 356318 0 63672 SHELLEY NAVARI TREASURER 40.0 0.0 X 168301 0 24356 KATHERINE HAWLEY SECRETARY 40.0 0.0 X 194710 0 31742 JAYSON BOYERS VICE PRESIDENT 40.0 0.0 X 233943 0 39650 MICHELE RICHARDSON VICE PRESIDENT 40.0 0.0 X 163050 0 32545 LAURIE QUINN PROVOST 40.0 0.0 X 89545 0 16455 LESLIE AVERILL VICE PRESIDENT 40.0 0.0 X 177672 0 35638 CHARLES MANISCALCO VICE PRESIDENT 40.0 0.0 X 133526 0 26474 MARY LEE VICE PRESIDENT 40.0 0.0 X 147396 0 39151 CATHERINE O'ROURKE VICE PRESIDENT 40.0 0.0 X 228293 0 27972 LYNNE BALLARD ASSOCIATE PROVOST 40.0 0.0 X 162917 0 35312 JAMES CROSS ASSOCIATE PROVOST 40.0 0.0 X 150923 0 15424 PAULA WILLOQUET-MARICONDI DEAN 40.0 0.0 X 154445 0 23925 DONALD HAGGERTY ASSOCIATE PROVOST 40.0 0.0 X 148916 0 14373 JOHN CAULO ASSOCIATE VICE PRESIDENT 40.0 0.0 X 147581 0 38238 DAVID FINNEY PRESIDENT 40.0 0.0 X 1056373 0 54509 ROBIN ABRAMSON PROVOST 40.0 0.0 X 277833 0 52299 4181473 0 615418 49 true true false JANITECH 158 BRENTWOOD DRIVE 7 COLCHESTER VT 05446 CUSTODIAL 470731 CBMVT LLC PO BOX 3417 BURLINGTON VT 05408 CUSTODIAL 565796 COLIN LINDBERG 208 FLYNN AVE 2B BURLINGTON VT 05401 ARCHITECT 1172301 REGISTRY FOR COLLEGE UNIVERSITY 3 CENTENNIAL DRIVE PEABODY VT 01960 CONSULTANT 369650 KELLIHER SAMETS VOLK 212 BATTERY STREET BURLINGTON VT 05401 ADVERTISING 836166 9 609280 2040714 592935 2649994 TUITION & FEES 611710 81937084 81937084 DORMITORY AND DINING FEES 721310 17185338 17185338 BOOKSTORE RECEIPTS 451211 37616 37616 99160038 1949437 1949437 0 0 0 0 0 18544024 17566082 977942 977942 977942 0 0 0 CONFERENCE & EVENT CENTER 629868 596705 33163 PARKING FEES 480000 120588 120588 OTHER INCOME 900099 1010113 1010113 1760569 106497980 99160038 596705 4091243 0 22913595 22913595 319249 319249 0 2782917 1022648 1438992 321277 0 30591107 25804824 4301875 484408 2473734 2108700 329119 35915 4754877 3880242 767727 106908 2386269 1889389 441108 55772 0 217086 217086 122950 122950 0 0 151824 151824 422526 422526 1159637 631989 527648 1662167 976740 673418 12009 1888434 31 1888403 0 6249971 6249921 50 1047683 715230 278688 53765 0 0 1462042 1392343 55779 13920 0 4550511 3535747 1014764 780530 261179 519351 CONTRACTUAL SERVICES 2847471 2331208 502644 13619 MEAL EXPENSES 2985545 2985545 RENOVATION & OTH PROJECTS 2629950 2616588 13362 STUDENT ACTIVITIES/ACADEMIC SU 2340271 2093341 246930 5608285 4374596 1112611 121078 102348631 86525631 14604329 1218671 0 0 14438924 15695785 9483479 6573139 1132671 703846 846 0 0 0 2740290 2711899 0 0 1066638 2947966 168023108 41916863 111473934 126106245 38993397 30850818 3862755 5191780 2084129 2288007 0 0 0 0 185277063 193069485 9366882 7004314 0 0 5121482 6236918 42756798 49799361 0 0 0 0 643922 554882 0 0 2857638 2639550 60746722 66235025 X 93846509 96340707 15459906 15022919 15223926 15470834 124530341 126834460 185277063 193069485 X 4149349 -2132161 286931 X X false true X true true true X 3223114 3522146 12869616 6444618 2649994 28709488 0 0 3223114 3522146 12869616 6444618 2649994 28709488 9368561 19340927 243109 992831 1141994 1301277 1949437 5628648 23843 23843 694802 706191 704587 870577 1163864 4140021 38502000 441989012 0.50234 0.77564 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14613080 1880019 312036 407767 153172 16244196 11080417 2211041 1790600 346474 122504 14613080 10187201 273970 1021383 324042 78095 11080417 10634361 210941 -214253 295437 148411 10187201 8919277 175610 1916495 295325 81696 10634361 0.03280 0.65690 0.31030 false false 4006650 4006650 133388790 32521448 100867342 386302 225343 160959 9557040 8601157 955883 20684326 568915 20115411 126106245 0 U.S. GOVERNMENT GRANTS 1665669 LIAB. UNDER TRUST AND ANNUITY 973881 2639550 X 84034463 -2132161 -20331356 -22463517 106497980 106497980 81665449 2549662 2549662 79115787 23232844 23232844 102348631 PART V, LINE 4 ENDOWMENT FUNDS THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 55 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 FISCAL 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 $ 88,455 SWAP VALUATION $ 35,791 CHANGE IN ALLOWANCE FOR CONTRIBUTIONS RECEIVABLE $ 162,682 FINANCIAL AID $(24,146,061) FOREIGN ENTITIES $ 3,527,777 $(20,331,356) PART XII, LINE 2D EXPENSES IN FINANCIAL STATEMENTS NOT IN RETURN FOREIGN ENTITIES $ 2,549,662 PART XII, LINE 4B EXPENSES IN RETURN PRESENTED IN NET REVENUE ON THE FINANCIAL STATEMENTS FINANCIAL AID EXCLUDING FOREIGN ENTITIES $23,232,844 true true true true true true true false false false false false false false false true false true PART I, LINE 3 NONDISCRIMINATION POLICY 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 COLLEGE HANDBOOKS, THE HUMAN RESOURCE WEBSITE, JOB POSTINGS, AND APPLICATION FORMS. PART I, LINE 6A FINANCIAL AID THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. true Europe (Including Iceland and Greenland) Program Services FOREIGN CAMPUS INVEST 557394 North America Program Services FOREIGN CAMPUS INVEST 1730611 Central America and the Caribbean Program Services STUDY ABROAD 10830 East Asia and the Pacific Program Services STUDY ABROAD 233367 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 506462 South America Program Services STUDY ABROAD 63010 Sub-Saharan Africa Program Services STUDY ABROAD 15890 North America Program Services FINANCIAL AID 1500 East Asia and the Pacific Program Services FINANCIAL AID 29605 Central America and the Caribbean Program Services FINANCIAL AID 70064 Europe (Including Iceland and Greenland) Program Services FINANCIAL AID 40500 South Asia Program Services FINANCIAL AID 104785 Sub-Saharan Africa Program Services FINANCIAL AID 9000 Middle East and North Africa Program Services FINANCIAL AID 63795 3436813 3436813 FINANCIAL AID North America 1 1500 FINANCIAL AID East Asia and the Pacific 6 29605 FINANCIAL AID Central America and the Caribbean 2 70064 FINANCIAL AID Europe (Including Iceland and Greenland) 7 40500 FINANCIAL AID South Asia 3 104785 FINANCIAL AID Sub-Saharan Africa 1 9000 FINANCIAL AID Middle East and North Africa 11 63795 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 STUDENTS WHO ATTEND THE MONTREAL AND DUBLIN CHAMPLAIN ABROAD SITES AS WELL AS STUDENTS WHO ARE ACCEPTED TO PARTICIPATE IN APPROVED STUDY ABROAD PROGRAMS. 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. ON AN ANNUAL BASIS, ALL FEDERAL FINANCIAL AID IS REVIEWED FOR COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 AND GOVERNMENT AUDITING STANDARDS BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. true INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE 2085 22503248 SEOG FINANCIAL AID 455 308263 INSTITUTIONAL SCHOLARSHIPS - GRADUATE 23 102084 PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS IN THE U.S. THE COLLEGE MAINTAINS SEPARATE ACCOUNTS FOR EACH GRANT THAT WE RECEIVE. ON AN ANNUAL BASIS, WE RECEIVE AN AUDIT, IN ACCORDANCE WITH OMB CIRCULAR A-133 AND GOVERNMENT AUDITING STANDARDS. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. 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 X X true true X X X X X false false false false false false false true false DAVID FINNEY PRESIDENT 186434 0 160559 0 709380 0 24126 0 30383 0 1110882 0 509091 0 DAVID PROVOST SENIOR VICE PRESIDENT 246894 0 105000 0 4424 0 43500 0 20172 0 419990 0 0 0 SHELLEY NAVARI TREASURER 138485 0 28000 0 1816 0 17262 0 7094 0 192657 0 0 0 KATHERINE HAWLEY SECRETARY 137970 0 55000 0 1740 0 23700 0 8042 0 226452 0 0 0 ROBIN ABRAMSON PROVOST 219059 0 40000 0 18774 0 30533 0 21766 0 330132 0 0 0 JAYSON BOYERS VICE PRESIDENT 157015 0 75000 0 1928 0 23728 0 15922 0 273593 0 0 0 MICHELE RICHARDSON VICE PRESIDENT 138295 0 22500 0 2255 0 27509 0 5036 0 195595 0 0 0 LESLIE AVERILL VICE PRESIDENT 154050 0 22000 0 1622 0 18276 0 17362 0 213310 0 0 0 CHARLES MANISCALCO VICE PRESIDENT 100889 0 30000 0 2637 0 13609 0 12865 0 160000 0 0 0 LYNNE BALLARD ASSOCIATE PROVOST 160744 0 0 0 2173 0 24733 0 10579 0 198229 0 0 0 JAMES CROSS ASSOCIATE PROVOST 148068 0 0 0 2855 0 14818 0 606 0 166347 0 0 0 MARY LEE VICE PRESIDENT 145252 0 0 0 2144 0 14948 0 24203 0 186547 0 0 0 PAULA WILLOQUET-MARICONDI DEAN 152071 0 0 0 2374 0 15453 0 8472 0 178370 0 0 0 DONALD HAGGERTY ASSOCIATE PROVOST 145163 0 0 0 3753 0 12604 0 1769 0 163289 0 0 0 DONALD J LAACKMAN PRESIDENT 167267 0 20000 0 2464 0 17500 0 26183 0 233414 0 0 0 CATHERINE O'ROURKE VICE PRESIDENT 180741 0 25000 0 22552 0 20700 0 7272 0 256265 0 0 0 JOHN CAULO ASSOCIATE VICE PRESIDENT 128522 0 15000 0 4059 0 15351 0 22887 0 185819 0 0 0 PART I, LINE 1 BENEFITS ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE PRESIDENTS COMPANION SHALL ONLY BE REIMBURSED WHEN EXPENSES ARE INCURRED WHILE CONDUCTING THE BUSINESS OF THE COLLEGE. 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. THE COLLEGE REIMBURSES THE PRESIDENT FOR MAID SERVICES INCURRED AS PART OF HOSTING EVENTS IN THE PRESIDENTAL RESIDENCE. THESE AMOUNTS ARE INCLUDED IN THE INDIVIDUAL'S W-2. 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. ADDITIONALLY, THE SENIOR VICE PRESIDENT ALSO RECEIVES REIMBURSEMENT OF HEALTH CLUB DUES AND IT IS ALSO INCLUDED IN THE INDIVIDUAL'S W-2. THE COLLEGE MAY PROVIDE HOUSING ARRANGEMENTS TO NEW OFFICERS OF THE COMPANY UPON HIRE ON A TEMPORARY BASIS. IF THE RENTAL AGREEMENT IS BELOW MARKET RENT, THE DIFFERENCE BETWEEN RENT PAID BY THE OFFICER AND THE FAIR MARKET VALUE OF RENTING A SIMILAR FACILITY IN THE SAME AREA IS TAXABLE TO THE INDIVIDUAL AND INCLUDED ON THEIR W-2. 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 II, LINE 1 THE COMPENSATION DATA PRESENTED IN THE COLLEGE'S 2015 FORM 990 REFLECTS THE FINAL PAYMENT TO FORMER PRESIDENT DAVID F. FINNEY. THIS TOTAL COMPENSATION INCLUDES SIX MONTHS OF BASE COMPENSATION (FOR WORK DECEMBER 1 - JUNE 30, 2014), A PERFORMANCE BONUS, AND A ONE-TIME PAYMENT OF $700K TO CLOSE OUT A CONTRACTUAL OBLIGATION SPECIFIED IN HIS EMPLOYMENT CONTRACT. THE AMOUNT REPORTED IN COLUMN F RELATES ENTIRELY TO THE CONTRACTUAL OBLIGATION. A VEHBFA (SERIES 2009) 237154467 2009-06-09 12000000 CONSTRUCTION false false false B VEHBFA (SERIES 2010A) 237154467 2010-12-13 8971117 REFUND 2003 BONDS & NEW CONSTRUCTI false false false C VEHBFA (SERIES 2010B) 237154467 2010-12-13 4000000 CONSTRUCTION false false false D VEHBFA (SERIES 2011A) 237154467 2011-12-09 7700000 CONSTRUCTION false false false A 6767372 0 12000000 0 0 0 155000 0 0 11845000 0 0 2011 false false true true B 1810080 0 8971117 0 0 0 0 0 0 0 8971117 0 2004 true false true true C 473019 0 4000000 0 0 0 80000 0 0 3920000 0 0 2011 false false true true D 1463070 0 7700000 0 0 0 120000 0 0 7580000 0 0 2013 false false true true A false false true false false 0 0.00005 0.00005 false false false true B false false true true false 0 0.02342 0.02342 false false false true C false false true false false 0.01310 0.01310 false false false true D false false true false false 0 0.01068 0.01068 false false false true A false false false true true true TDBANK 10. false false false 0 false true B false false false true true true TDBANK 10. false false false 0 false true C false false false true true true KEYBANK 10. false false false 0 false true D false false false true true true TDBANK 15. false false false 0 false true A true B true C true D true PART III, LINE 3A THE COLLEGE ENTERS INTO JANITORIAL AND VENDING SERVICE CONTRACTS FOR ALL CAMPUS BUILDINGS INCLUDING RESIDENTIAL, ACADEMIC, AND ADMINISTRATIVE BUILDINGS. THESE SERVICES ARE DEEMED INCIDENTAL FOR PRIVATE BUSINESS USE CONSIDERATIONS. THE COLLEGE HAS ENGAGED LEGAL COUNSEL TO REVIEW THIRD PARTY FOOD MANAGEMENT SERVICE CONTRACTS TO ENSURE THEY MEET THE SAFE HARBOR REQUIREMENTS. AS A RESULT, THESE CONTRACTS DO NOT YIELD PRIVATE BUSINESS USE. PART III, LINE 4 AND LINE 5 PRIVATE BUSINESS USE IS PRIMARILY GENERATED FROM THE COLLEGE'S UNRELATED BUSINESS ACTIVITIES DERIVED FROM THE EVENT CENTER AND CONTRACTS RECEIVED THROUGH THE CENTERS OF EXCELLENCE. PART IV, LINE 2C BOND REBATE CALCULATIONS WERE PERFORMED AS OF JUNE 2015. NO REBATES WERE DUE FOR ALL BONDS EXCEPT THE 2014 ISSUE, FOR WHICH THE REBATE CALCULATION WAS NOT YET DUE. A VEHBFA (SERIES 2013A) 237154467 2013-05-29 18000000 CONSTRUCTION false false false B VEHBFA (SERIES 2014A & SERIES 2014B) 237154467 2014-07-30 12500000 CONSTRUCTION false false false A 2400000 0 18000000 0 0 0 0 0 0 18000000 0 0 2014 false false true true B 458215 0 12500000 9429232 0 0 0 0 0 3070768 0 0 false false true true A false false true false false false 0 0.01482 0.01482 false false false true B false false false false 0 false false false true A false false false true true true MERCHANTS BANK 15. false false false 0 false true B false true false false true false 0 false 0 false true A true B true 0 JANITECH OWNER OF COMPANY- TRUSTEE 467509 CUSTODIAL SERVICES false SODEXO AND AFFILIATES CONTRIBUTOR 3979473 FOOD SERVICE false MANDAVILLA ASSOCIATES OWNED BY FORMER OFFICER 350000 CONSULTANT false X 14 592935 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 B, LINE 11B FORM 990 REVIEW PROCESS THE DIRECTOR OF FINANCE 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 TREASURER. THE FORM 990 IS THEN REVIEWED IN DETAIL WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWS AND 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 SHALL NOT BE ALLOWED TO VOTE ON ANY SUCH MATTER PERTAINING TO 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 KEY EMPLOYEES 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 KEY EMPLOYEES, EXCEPT THE PRESIDENT, UPON RECEIPT OF WRITTEN PERFORMANCE REVIEWS AND "VALID MARKET DATA". THE PRESIDENT REVIEWS EACH KEY EMPLOYEE'S 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 INSTIUTIONS ON A POSITION-BY-POSITION BASIS NARRATIVE INFORMATION WILL BE PROVIDED, IF SIMLIARLY 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 PRESIDENT'S 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 XI, LINES 8 AND 9 OTHER CHANGES IN NET ASSETS Line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 88,455 SWAP VALUATION $ 35,791 CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS $162,685 ___________ Total $286,931 COLLEGE CHAMPLAIN DU VERMONT 525 SHERBROOK STREET EAST MONTREAL QUEBEC CA 999999999 EDUCATIONAL CA CHAMPLAIN true CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN IRELAND EI 999999999 EDUCATIONAL EI CHAMPLAIN C CORP 169747 39507 1.00000 true CHARITABLE REMAINDER TRUSTS (8) 999999999 CHARITABLE TR VT NA TRUST false false false false true false false false false false false false false false false false false false true false COLLEGE CHAMPLAIN DU VERMONT d 1475507 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED d 551718 FMV COLLEGE CHAMPLAIN DU VERMONT r 843068 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED r 1163452 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.