2016-05-12T09:13:44-05:00 2015-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2014-07-01 042103637 WELLESLEY COLLEGE % BEN HAMMOND WELL 7812831000 106 CENTRAL STREET WELLESLEY MA 024818203 BEN HAMMOND VP OF FINANCE&ADMIN.&TREASURER 7812831000 2016-05-03 true CHRISTOPHER B ANDERSON P00226559 2163630100 2014 2016-08-17 19:52:53Z H KIM BOTTOMLY 106 CENTRAL STREET WELLESLEY MA 024818203 883784483 false X WWW.WELLESLEY.EDU X 1870 MA WELLESLEY IS THE PREEMINENT COLLEGE FOR GIFTED YOUNG WOMEN THAT PROVIDES A SUPERIOR 4-YEAR LIBERAL ARTS EDUCATION, PREPARING THEM FOR LEADERSHIP IN A DIVERSE&CHANGING WORLD. 31 31 3208 0 1171733 -456033 83866213 76103854 131765982 134673835 295313568 183249182 9918785 10958198 520864548 404985069 51933166 51304301 0 0 129752035 132245498 0 0 12714006 80784679 78599892 262469880 262149691 258394668 142835378 2397864730 2484115499 358079857 362006831 2039784873 2122108668 WELLESLEY'S MISSION IS TO EDUCATE TALENTED YOUNG WOMEN AND EQUIP THEM TO MAKE A SIGNIFICANT DIFFERENCE IN THEIR COMMUNITIES, ORGANIZATIONS, AND AROUND THE WORLD. false false 164973764 0 131338270 OUTSTANDING EDUCATION: WELLESLEY IS COMMITTED TO ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM IS BOTH INTELLECTUALLY AND CULTURALLY BROAD TO PREPARE OUR GRADUATES FOR THEIR LIVES AFTER COLLEGE. 55482963 51304301 0 WELLESLEY COLLEGE HAS A LONG TRADITION OF NEED-BLIND ADMISSION FOR U.S. CITIZENS AND PERMANENT RESIDENTS, MAKING ADMISSION DECISIONS WITHOUT REGARD TO A FAMILY'S FINANCIAL SITUATION. THROUGH ITS FINANCIAL AID PROGRAM, THE COLLEGE MEETS 100 PERCENT OF A STUDENT'S DEMONSTRATED FINANCIAL NEED. RESOURCES DEDICATED TO THE FINANCIAL AID PROGRAM ENSURE THAT WELLESLEY IS SUCCESSFUL IN RECRUITING AND ENROLLING A STRONG AND DIVERSE STUDENT BODY WITH CONTINUED ATTENTION TO ISSUES OF FINANCING AND AFFORDABILITY. 12222051 0 12222051 SPONSORED RESEARCH: WELLESLEY PRIDES ITSELF ON ITS COMMITMENT TO SUPPORTING THE TEACHER-SCHOLAR IDEAL, ENABLING OUR GIFTED FACULTY MEMBERS TO INTEGRATE THEIR LOVE OF TEACHING AND WORKING CLOSELY WITH STUDENTS WITH THEIR PURSUIT OF THE ADVANCEMENT OF KNOWLEDGE THROUGH THEIR WORLD-CLASS RESEARCH. 232678778 true true false false false false false true false true true true false false true false true false true true true false true false false false false false true true true false false false false false true false false false false true true false false false true false false false true 659 0 true 3208 true true true true FR IT MX false false false false false false false false X 31 31 false false false false false false false true true false false true true true true true true true true false MA X X X BEN HAMMOND 7812831000 106 CENTRAL STREET WELLESLEY MA 024818203 Laura Daignault Gates Chair 12.0 0.0 X 0 0 0 Stephen W Kidder Vice Chair 10.0 0.0 X 0 0 0 Kenneth G Bartels Trustee 3.0 0.0 X 0 0 0 M Amy Batchelor Trustee 2.0 0.0 X 0 0 0 JudyAnn Rollins Bigby Trustee 2.0 0.0 X 0 0 0 Brian C Broderick Trustee 2.0 0.0 X 0 0 0 Alison Li Chung Trustee 2.0 0.0 X 0 0 0 Alicia M Cooney Trustee 3.0 0.0 X 0 0 0 Ophelia Dahl Trustee 2.0 0.0 X 0 0 0 Deborah De Hoyos Trustee 3.0 0.0 X 0 0 0 Kristine Holland de Juniac Trustee 2.0 0.0 X 0 0 0 Thomas E Faust Jr Trustee 3.0 0.0 X 0 0 0 Sandra Polk Guthman Trustee 2.0 0.0 X 0 0 0 Judith B Hale Trustee 2.0 0.0 X 0 0 0 Maryam Homayoun-Eisler Trustee 2.0 0.0 X 0 0 0 Dorothy Chao Jenkins Trustee 3.0 0.0 X 0 0 0 Lynn Dixon Johnston Trustee 2.0 0.0 X 0 0 0 William S Kaiser Trustee 2.0 0.0 X 0 0 0 James T Kloppenberg Trustee 2.0 0.0 X 0 0 0 Susan Koenigsberg Lucas Trustee 2.0 0.0 X 0 0 0 Ellen Goldberg Luger Trustee 3.0 0.0 X 0 0 0 Laura Russell Malkin Trustee 3.0 0.0 X 0 0 0 Ellen R Marram Trustee 3.0 0.0 X 0 0 0 Lawry Jones Meister Trustee 2.0 0.0 X 0 0 0 Pamela A Melroy Trustee 2.0 0.0 X 0 0 0 Priya Paul Trustee 2.0 0.0 X 0 0 0 Diamond Sharp Trustee 2.0 0.0 X 0 0 0 Susan L Wagner Trustee 3.0 0.0 X 0 0 0 Mary H White Trustee 3.0 0.0 X 0 0 0 Bunny Winter Trustee 3.0 0.0 X 0 0 0 Karen E Williamson Ex Officio Trustee(Pres.WCAA) 2.0 0.0 X 0 0 0 H Kim Bottomly President 70.0 0.0 X 518946 0 105889 Benjamin Hammond VP for Fin.&Admin.&Treas. 60.0 0.0 X 280974 0 51986 Deborah F Kuenstner Chief Investment Officer 60.0 0.0 X 1182502 0 34157 Cameran M Mason VP-Resources&Pub.Aff. 60.0 0.0 X 298412 0 51978 Andrew Shennan Provost&Dean of College 60.0 0.0 X 302504 0 72273 Kathleen R Browne Director-Investments 60.0 0.0 X 689700 0 51223 Debra S DeMeis Dean of Students 60.0 0.0 X 201039 0 80322 Jennifer C Desjarlais Dean-Admiss.&Stu.Fin.Svcs. 60.0 0.0 X 205767 0 32549 Richard G French Dean of Academic Aff. 60.0 0.0 X 262131 0 49291 Kathryn Lynch Dean of Faculty 60.0 0.0 X 224687 0 45807 Ray Oquendo Dir-Invest.Operations 60.0 0.0 X 524794 0 52090 Ganesan Ravishanker Chief Info.Off.&Assoc.Dean 60.0 0.0 X 253256 0 31884 Vanessa Britto Clinical Dir-Health Svcs. 60.0 0.0 X 216069 0 26939 Frank Bidart Professor of English 60.0 0.0 X 214095 0 25197 Roseann C Carpenter Investment officer 60.0 0.0 X 386759 0 48650 Phillip B Levine Professor of Economics 60.0 0.0 X 236981 0 81330 5998616 0 841565 224 false true false KIERAN TIMBERLAKE ASSOCIATES LLP 841 N AMERICAN ST PHILADELPHIA PA 19123 ARCHITECT SVCS. 2163393 BENNINGTON DESIGN MANAGEMENT 131 OXBOW ROAD NEEDHAM MA 02492 DESIGN SVCS. 520774 ROBERT OLSON ASSOCIATES LLC 374 CONGRESS ST 300 BOSTON MA 02210 ARCHITECTS 481155 ROPES GRAY ONE INTERNATIONAL PLACE BOSTON MA 02110 LEGAL FEES 646230 ASTON CONTRACTING LLC 39 PROSPECT ST SHERBORM MA 01770 CONSTRUCTION 462899 17 3862886 72240968 12189330 76103854 STUDENT TUITION AND FEES 900099 104426549 104426549 STUDENT ROOM AND BOARD 900099 30247286 30247286 134673835 13751596 -899979 14651575 0 0 0 0 0 610818000 37479000 477563638 1235776 133254362 36243224 169497586 169497586 0 0 0 WELLESLEY COLLEGE CLUB 722320 1540673 402474 1138199 AUXILIARY ENTERPRISES 900099 8302634 8284564 18070 NEHOIDEN GOLF CLUB 713990 1114891 199448 915443 10958198 404985069 143560321 1171733 184149161 0 47225205 47225205 4079096 4079096 0 4040675 3492644 324154 223877 0 96329259 83665152 7464708 5199399 10992116 9501270 881817 609029 14120011 10300089 2031228 1788694 6763437 5846121 542581 374735 6543574 5708352 62622 772600 799990 799990 323563 323563 0 0 542537 542537 4840858 2910802 33355 1896701 0 7186357 6774032 259888 152437 494960 462197 20844 11919 0 8165063 7516564 361808 286691 3362339 2900845 166072 295422 0 1004593 779323 135342 89928 8689217 8689217 0 16578766 14031439 2112632 434695 1552746 1549946 2800 EQUIPMENT RENTAL 4460083 3893686 518851 47546 STUDY AWAY EXPENSES 4178662 4178662 PRINTING & PUBLICATIONS 1320195 1020192 27952 272051 MUSEUM COSTS 595357 595357 7961032 7558587 146963 255482 262149691 232678778 16756907 12714006 34307055 74922624 55001426 18231871 45967448 63920195 1561361 3007725 422241 398573 0 0 8198094 8245357 755991 820908 4992393 6513066 553738206 241358242 296081789 312379964 810562000 816928000 1139751932 1178747216 0 0 0 0 263000 0 2397864730 2484115499 76539526 84762222 6054801 5944777 2129247 1189945 139708915 138652771 0 0 0 0 97695000 95900000 0 0 35952368 35557116 358079857 362006831 X 630158219 653494132 900646969 933578403 508979685 535036133 2039784873 2122108668 2397864730 2484115499 142835378 -60511583 X false true X true true true X 44556094 45172179 52588567 83866213 76103854 302286907 0 0 44556094 45172179 52588567 83866213 76103854 302286907 0 302286907 7426181 9889416 17572643 19244418 13751596 67884254 0 11562053 10774869 8941912 9918785 10958198 52155817 422326978 642285098 0.71576 0.70053 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 1834136919 28253254 100454799 81814969 1881030003 1576336888 54231950 285054954 81486873 1834136919 1468582412 13734567 173944004 79924095 1576336888 1523683354 16215989 7076035 78392966 1468582412 1330243938 13374149 259172062 79106795 1523683354 0.31700 0.27000 0.41300 false false 40436333 40436333 459640639 236038079 223602560 8234524 5320163 2914361 45426710 45426710 312379964 PRIVATE EQUITY 386791000 F REAL ASSETS 241569000 F ABSOLUTE RETURN 478563000 F MISCELLANEOUS OTHER 28379216 F RESTRICTED CONSTRUCTION FUNDS 43445000 F 1178747216 0 GOVERNMENT LOAN ADVANCES 4568996 ANNUITIES&UNITRUSTS PAYABLE 30988120 35557116 295103378 -60511583 7967185 -52544398 347647776 6032992 51304301 57337293 404985069 212779583 7967185 7967185 204812398 6032992 51304301 57337293 262149691 FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION - PART III, LINE 1A: WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS FOR WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS ON ITS BALANCE SHEET. THIS TREATMENT IS PERMITTED UNDER SFAS 116. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. DESCRIPTION OF ORGANIZATION'S COLLECTIONS - PART III, LINE 4: THE DAVIS MUSEUM AND CULTURAL CENTER HAS A PERMANENT COLLECTION OF APPROXIMATELY 10,000 OBJECTS DATING FROM ANCIENT TIMES TO PRESENT DAY. INCLUDED ARE PAINTINGS, SCULPTURE, DECORATIVE OBJECTS, AND WORKS ON PAPER REPRESENTING THE CREATIVE GENIUS OF CULTURES AROUND THE WORLD. THE COLLECTION OF THE MUSEUM SERVES AS A VALUED TEACHING RESOURCE FOR STUDENTS AND FACULTY IN MULTIPLE DISCIPLINES. PROFESSORS FREQUENTLY ASSIGN STUDENTS TO SEE AND THINK ABOUT PIECES BEING SHOWN IN THE MUSEUM; THE MUSEUM ALSO MAKES AVAILABLE WORKS FROM THE PERMANENT COLLECTION TO CLASSES MEETING IN THE MUSEUM. FUNDAMENTAL TO THE SPIRIT OF THESE EXERCISES IS THE STUDENTS' ENCOUNTERS WITH ORIGINAL WORKS OF ART, RATHER THAN REPRODUCTIONS. IN ADDITION TO THESE FORMAL LEARNING EXPERIENCES, THE DAVIS MUSEUM PLAYS A CENTRAL ROLE IN THE COLLEGE'S EFFORTS TO RAISE IN ITS STUDENTS AN AWARENESS OF RICHNESS AND BREADTH OF HUMAN CREATIVITY AND A RESPECT FOR DIVERSITY. INTENDED USES OF ENDOWMENT FUNDS - PART V, LINE 4: WELLESLEY COLLEGE'S ENDOWED FUNDS ARE USED TO SUPPORT CRITICAL ACADEMIC PROGRAMS OF THE COLLEGE AND FINANCIAL AID TO STUDENTS. OTHER CHANGES IN REVENUE - PART XI, LINE 2D: MINIMUM PENSION LIABILITY: $5,670,000; NET GAIN ON INTEREST SWAP: $2,121,000; GIFTS IN-KIND: $176,185; TOTAL ADJUSTMENT: $7,967,185 OTHER CHANGES IN REVENUE - PART XI, LINE 4B: FINANCIAL AID EXPENSE INCLUDING PELL GRANTS: $51,304,301 OTHER CHANGES IN EXPENSES - PART XII, LINE 2B: MINIMUM PENSION LIABILITY: $5,670,000; NET GAIN ON INTEREST SWAP: $2,121,000; GIFTS IN-KIND: $176,185; TOTAL ADJUSTMENT: $7,967,185 OTHER CHANGES IN EXPENSES - PART XII, LINE 4B: FINANCIAL AID EXPENSE INCLUDING PELL GRANTS: $51,304,301 true true true true true true true false false false false false false false false true false true PUBLICATION OF NONDISCRIMINATORY POLICY - PART I, LINE 3: ALL COLLEGE PUBLICATIONS, INCLUDING RECRUITMENT BROCHURES AND CATALOGS, COURSE DESCRIPTION DOCUMENTS, THE COLLEGE'S WEBSITE, AND FACULTY AND STUDENT HANDBOOKS, ETC. OUTLINE THE INSTITUTION'S NONDISCRIMINATORY POLICY. FINANCIAL ASSISTANCE FROM A GOVERNMENTAL AGENCY - PART I, LINE 6A: WELLESLEY COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK-STUDY PROGRAMS. true Central America and the Caribbean Investments 334920920 East Asia and the Pacific Investments 108246685 Europe (Including Iceland and Greenland) Investments 216736886 Middle East and North Africa Investments 47011525 North America Investments 65187985 South Asia Investments 4835398 Europe (Including Iceland and Greenland) 1 6 Program Services ACAD.PROG.FOR STUDENTS 1358867 Central America and the Caribbean Program Services STUDY AWAY TUITION 56767 East Asia and the Pacific Program Services STUDY AWAY TUITION 365531 Europe (Including Iceland and Greenland) Program Services STUDY AWAY TUITION 2787812 Middle East and North Africa Program Services STUDY AWAY TUITION 112237 Russia and the Newly Independent States Program Services STUDY AWAY TUITION 58103 South America Program Services STUDY AWAY TUITION 312469 South Asia Program Services STUDY AWAY TUITION 124906 Sub-Saharan Africa Program Services STUDY AWAY TUITION 42630 Central America and the Caribbean Program Services STUDY AWAY PROGRAM 75849 East Asia and the Pacific Program Services STUDY AWAY PROGRAM 47546 Middle East and North Africa Program Services STUDY AWAY PROGRAM 74041 Russia and the Newly Independent States Program Services STUDY AWAY PROGRAM 38983 Sub-Saharan Africa Program Services STUDY AWAY PROGRAM 97636 1 6 1 6 782282116 210660 782492776 FINANCIAL AID Central America and the Caribbean 2 87208 FINANCIAL AID East Asia and the Pacific 20 677150 FINANCIAL AID Europe (Including Iceland and Greenland) 32 1508179 FINANCIAL AID Russia and the Newly Independent States 1 56425 FINANCIAL AID North America 18 763067 FINANCIAL AID South America 2 110621 FINANCIAL AID South Asia 11 459732 FINANCIAL AID Sub-Saharan Africa 8 416714 true true true true true false MONITORING USE OF GRANTS FUNDS - PART I, LINE 2: THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. PAYMENTS IN CONNECTION WITH A STUDY ABROAD PROGRAM ARE MADE WHILE THE STUDENT IS LIVING OUTSIDE THE UNITED STATES. HOWEVER, AT THE TIME THE PAYMENT IS MADE, THE STUDENT IS A RESIDENT OF THE UNITED STATES. true FINANCIAL AID 1360 47225205 MONITORING USE OF GRANT FUNDS - PART I, LINE 2: THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. FOR INTERNSHIPS, THE COLLEGE IS IN CONTACT WITH THE ORGANIZATIONS PROVIDING THE INTERNSHIP TO ENSURE THAT HIGH-QUALITY PROGRAMS ARE PROVIDED TO THE STUDENTS. X X X true true X X X X X false false false false false true false false false H Kim Bottomly President 453690 0 57000 0 8256 0 32045 0 73844 0 624835 0 0 0 Benjamin Hammond VP for Fin.&Admin.&Treas. 271579 0 9125 0 270 0 32045 0 19941 0 332960 0 0 0 Deborah F Kuenstner Chief Investment Officer 551190 0 629076 0 2236 0 32045 0 2112 0 1216659 0 0 0 Cameran M Mason VP-Resources&Pub.Aff. 273665 0 24126 0 621 0 32045 0 19933 0 350390 0 0 0 Andrew Shennan Provost&Dean of College 267265 0 34088 0 1151 0 32045 0 40228 0 374777 0 0 0 Kathleen R Browne Director-Investments 328265 0 360872 0 563 0 32045 0 19178 0 740923 0 0 0 Debra S DeMeis Dean of Students 196903 0 2964 0 1172 0 24318 0 56004 0 281361 0 0 0 Jennifer C Desjarlais Dean-Admiss.&Stu.Fin.Svcs. 197353 0 8000 0 414 0 25285 0 7264 0 238316 0 0 0 Richard G French Dean of Academic Aff. 259262 0 0 0 2869 0 32045 0 17246 0 311422 0 0 0 Kathryn Lynch Dean of Faculty 223271 0 0 0 1416 0 28047 0 17760 0 270494 0 0 0 Ray Oquendo Dir-Invest.Operations 302109 0 221909 0 776 0 32045 0 20045 0 576884 0 0 0 Ganesan Ravishanker Chief Info.Off.&Assoc.Dean 247260 0 5036 0 960 0 30954 0 930 0 285140 0 0 0 Vanessa Britto Clinical Dir-Health Svcs. 213719 0 1500 0 850 0 26145 0 794 0 243008 0 0 0 Frank Bidart Professor of English 209979 0 0 0 4116 0 24229 0 968 0 239292 0 0 0 Roseann C Carpenter Investment officer 226495 0 160077 0 187 0 32045 0 16605 0 435409 0 0 0 Phillip B Levine Professor of Economics 236581 0 0 0 400 0 29771 0 51559 0 318311 0 0 0 BENEFITS PROVIDED - PART I, LINE 1A: WELLESLEY COLLEGE'S POLICY IS THAT THE COLLEGE WILL NOT PAY FOR - OR REIMBURSE - TRAVEL, MEALS, AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE WITH THE EXCEPTION OF THE PRESIDENT. SPECIFICALLY, WHILE PERFORMING HER OFFICIAL DUTIES IN THE AREAS OF DEVELOPMENT, ALUMNAE RELATIONS, AND OTHER BUSINESS OF THE COLLEGE, THE PRESIDENT MAY BE ACCOMPANIED BY HER SPOUSE, WHO IS EXPECTED TO MAKE AN IMPORTANT CONTRIBUTION TO ACHIEVING THE PURPOSES OF THE TRAVEL OR EVENTS. IN THOSE CASES, THE COLLEGE'S POLICY IS TO AUTHORIZE THE PAYMENT OF ALL TRAVEL AND RELATED EXPENSES OF THE PRESIDENT'S SPOUSE. THE COLLEGE PROVIDES HOUSING TO CERTAIN EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE AND BENEFIT OF THE COLLEGE. THE HOUSING REQUIREMENT AS A CONDITION OF EMPLOYMENT IS DOCUMENTED IN THE EMPLOYEES' FILES. THE COLLEGE WILL NOT PAY FOR PERSONAL SERVICES WITH THE EXCEPTION OF THE PRESIDENT'S HOUSE. BECAUSE THE PRESIDENT'S HOUSE IS USED EXTENSIVELY FOR COLLEGE BUSINESS, HOUSEKEEPING SERVICES ARE PROVIDED FOR THE GENERAL SPACE. A CHEF WILL BE AT THE PRESIDENT'S HOUSE TO PROVIDE MEALS FOR BUSINESS PURPOSE FUNCTIONS. PAYMENTS CONTINGENT ON NET EARNINGS - PART I, LINE 6A: EMPLOYEES IN THE INVESTMENT OFFICE HAVE AN INCENTIVE PERFORMANCE-RELATED BONUS SYSTEM BASED ON THE INVESTMENT PERFORMANCE OF THE WELLESLEY COLLEGE ENDOWMENT. A WELLESLEY COLLEGE SERIES I 042103637 57586CP25 2008-01-28 57385000 CONSTRUCTION - REFINANCING false false false B WELLESLEY COLLEGE SERIES J 042103637 57583UNP9 2012-04-01 49800000 CONSTRUCTION - REFINANCING false false false A 0 0 59100349 0 0 32473135 530057 0 0 22004607 0 0 2010 true true true true B 0 0 55497618 0 0 53683508 497618 0 0 55001323 0 0 2015 true true true true A false false false true true 0.00000 0.02610 0.02610 false false false false B false false false false 0.00000 0.00000 0.00000 false false false false A false false false true true true JP MORGAN 31.44 false false false 0 true true B false true false false false false 0 false 0 false true A false B false ANDREW SHENNAN OFFICER MORTGAGE X 598350 398573 false true true 398573 X 36 0 N/A X 1 $1 FOR TRACKING X 292 12111179 SELLING PRICE/FMV X OTHER PERSONAL PROPERTY 2 78150 APPRAISAL false true false USE OF THIRD PARTIES - PART I, LINE 32B: WELLESLEY COLLEGE USES A SECURITIES BROKER TO SELL ALL DONATED PUBLICLY TRADED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT FAIR MARKET VALUE. ACCOUNTING FOR WORKS OF ART - PART I, LINE 33: WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS ON ITS BALANCE SHEET. FORM 990 REVIEW - FORM 990, PART VI, LINE 11B: FORM 990 WAS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE COLLEGE'S FINANCE OFFICE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS FORM 990 AND ALL REQUIRED SCHEDULES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990 AND ALL REQUIRED SCHEDULES ARE ALSO DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING. MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C: CONFLICT OF INTEREST POLICIES ARE IN PLACE FOR TRUSTEES, OFFICERS, EXTERNAL INVESTMENT COMMITTEE MEMBERS, AND ALL EMPLOYEES. TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE - AT LEAST AS OFTEN AS ANNUALLY AND WHENEVER A POTENTIAL CONFLICT ISSUE ARISES - FINANCIAL OR PERSONAL INTERESTS WHICH MAY GIVE RISE TO CONFLICTS. THE CLERK OF THE BOARD OF TRUSTEES PROVIDES AN ANNUAL REPORT TO THE TRUSTEES SUMMARIZING THE CONFLICT OR POTENTIAL CONFLICT ISSUES. AT LEAST ANNUALLY, THE TRUSTEES REVIEW THE COLLEGE'S RELATIONSHIPS WITH SIGNIFICANT VENDORS OR SERVICE PROVIDERS SERVING THE COLLEGE TO ASSURE THAT SUCH RELATIONSHIPS ARE IN THE BEST INTEREST OF THE COLLEGE AND ARE OTHERWISE CONSISTENT WITH THE TERMS OF THE CONFLICT-OF-INTEREST POLICY. SELECT DEPARTMENT HEADS AND OTHER EMPLOYEES ON AN ANNUAL BASIS MAKE A WRITTEN DISCLOSURE TO THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER OF REPORTABLE CONFLICTS OF INTEREST AS DEFINED IN THE CONFLICT OF INTEREST POLICY. EMPLOYEES ARE RESPONSIBLE FOR COMPLETING AND RETURNING A DISCLOSURE FORM TO THE VICE PRESIDENT FOR FINANCE AND TREASURER. THE RESPONSES MAY BE MODIFIED BY THE EMPLOYEE AT ANY TIME DURING THE YEAR IF THERE ARE CHANGES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION OR HIS DESIGNEE REVIEWS ALL FORMS AND TAKES ANY APPROPRIATE ACTION THAT MAY BE NECESSARY. COMPENSATION REVIEW AND APPROVAL - FORM 990, PART VI, LINE 15: THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE IS DETERMINED BY THE COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE USES VARIOUS COMPARABILITY DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT AS WELL AS OTHER MARKET SURVEYS. KEY EMPLOYEES ARE COMPENSATED BASED UPON THE GUIDELINES THE COLLEGE HAS FOR ADMINISTRATIVE AND FACULTY EMPLOYEES. THESE GUIDELINES INCLUDE REVIEW OF THE MARKET BY LOOKING AT SALARIES FOR COMPARABLE POSITIONS AS WELL AS A MERIT PROGRAM BASED ON PERFORMANCE. COMPENSATION DECISIONS ARE MADE BY PERSONS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19: A COPY OF THE BUSINESS CONDUCT POLICY WHICH INCLUDES THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL NEW EMPLOYEES UPON HIRE. BOTH THE BUSINESS CONDUCT POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE COLLEGE'S ORGANIZING DOCUMENTS ARE AVAILABLE UPON REQUEST. WELLESLEY COLLEGE ALUMNAE ASSOCIATION 106 CENTRAL STREET WELLESLEY MA 02481 042105817 ALUMNAE ASSOC MA 501(c)(3) 11C NA false WB DAYCARE INC 106 CENTRAL STREET WELLESLEY MA 02481 042982305 SUPP.DAYCARE MA 501(c)(3) 5 NA false false false false false false false false false false false false false false true true true true false false WELLESLEY COLLEGE ALUMNAE ASSOCIATION N 72262 FMV WB DAYCARE INC N 220249 FMV