VERMONT COLLEGE OF FINE ARTS INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- VERMONT COLLEGE OF FINE ARTS INC (EIN 20-8384273)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-01-12
- IRS object ID
- 201620129349300412
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-01-12T08:08:53-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 030276150 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SULLIVAN POWERS & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 BARRE ST PO BOX 947 | AddressLine1Txt |
| City | MONTPELIER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208384273 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT COLLEGE OF FINE ARTS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VERM | BusinessNameControlTxt |
| Phone | 8028288600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 COLLEGE STREET | AddressLine1Txt |
| City | MONTPELIER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05602 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERICA HARE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8028288600 | PhoneNum |
| Signature | 2016-01-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WENDY C GILWEE CPA | PreparerPersonNm |
| PTIN | P00450631 | PTIN |
| Phone | 8022232352 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS GREENE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 COLLEGE STREET | AddressLine1Txt |
| City | MONTPELIER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,215,248 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VCFA.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | VERMONT COLLEGE OF FINE ARTS (VCFA) IS A NATIONAL CENTER FOR EDUCATION IN THE ARTS, FOSTERING THE EXCELLENCE OF EMERGING AND ESTABLISHED ARTISTS AND ADVANCING THE ARTS TO CREATE A MORE HUMANE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 157 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $774,957 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,443,925 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,970,998 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,672,352 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15,315 | PYInvestmentIncomeAmt |
| CY Investment Income | $20,009 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $75,988 | CYOtherRevenueAmt |
| PY Total Revenue | $9,761,270 | PYTotalRevenueAmt |
| CY Total Revenue | $10,212,274 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $82,825 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $67,879 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,209,055 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,517,930 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $2,728 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $16,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $219,759 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,099,719 | PYOtherExpensesAmt |
| CY Other Expenses | $3,193,855 | CYOtherExpensesAmt |
| PY Total Expenses | $9,394,327 | PYTotalExpensesAmt |
| CY Total Expenses | $9,795,664 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $366,943 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $416,610 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $15,981,428 | TotalAssetsBOYAmt |
| Total Assets EOY | $18,084,273 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,080,361 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,766,596 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,901,067 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,317,677 | NetAssetsOrFundBalancesEOYAmt |
| Mission | VERMONT COLLEGE OF FINE ARTS (VCFA) IS A NATIONAL CENTER FOR EDUCATION IN THE ARTS, FOSTERING THE EXCELLENCE OF EMERGING AND ESTABLISHED ARTISTS AND ADVANCING THE ARTS TO CREATE A MORE HUMANE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,327,107 | ExpenseAmt |
| Grant | $67,879 | GrantAmt |
| Revenue | $7,426,091 | RevenueAmt |
| Desc | EDUCATIONAL - SIX (6) MASTER OF FINE ARTS PROGRAMS INCLUDING WRITING, WRITING FOR CHILDREN AND YOUNG ADULTS, VISUAL ARTS, GRAPHIC DESIGN, MUSIC COMPOSITION AND FILM AND TWO (2) MASTERS PROGRAMS INCLUDING WRITING AND PUBLISHING; AND TEACHING ART AND DESIGN. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $383,397 | ExpenseAmt |
| Revenue | $724,292 | RevenueAmt |
| Desc | RENTAL - LONG-TERM LEASES TO EDUCATIONAL AND NON-PROFIT ORGANIZATIONS THAT FILL THE CAMPUS WHICH IS THE HOME TO SIX LOW RESIDENCY MASTER OF FINE ARTS PROGRAMS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $660,322 | ExpenseAmt |
| Revenue | $599,237 | RevenueAmt |
| Desc | AUXILIARY SERVICES (ROOM AND BOARD, CONFERENCE AND MEETING SPACE RENTAL) AND PUBLIC SERVICE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $7,370,826 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 149 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 157 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERICA HARE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8028288545 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 COLLEGE STREET | AddressLine1Txt |
| City | MONTPELIER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05602 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| TAMI LEWIS BROWN | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| DR LETITIA CHAMBERS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CORNELIUS HOGAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN M NEWBOLD | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHERINE PATERSON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD H SAUDEK | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DR PETER SMITH | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TOM GREENE | ||||||||
| PRESIDENT | 35.00 | Yes (X) | $243,638 | $0 | $48,634 | Yes (X) | ||
| TOBIN MT ANDERSON | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT ATWELL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRIS GRAFF | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM SCHUBART | ||||||||
| CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JOAN GRUBIN | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES BUNTING | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER WATSON | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN SPAULDING | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ELIZA COOKE BROWNING | ||||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JEFF WIGGINS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT MACAULEY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CASPER MARTIN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW MONK | ||||||||
| ACADEMIC DEAN | 35.00 | $150,402 | $0 | $20,958 | Yes (X) | |||
| WILLIAM KAPLAN | ||||||||
| COLLEGE VICE PRESIDENT | 35.00 | $143,641 | $0 | $26,500 | Yes (X) | |||
| ERICA HARE | ||||||||
| COLLEGE CFO | 35.00 | $148,675 | $0 | $26,890 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $686,356 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $122,982 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CONNOR CONTRACTING INC | |||||
| 1100 US ROUTE 2 | BERLIN | VT | 05602 | CONSTRUCTION SERVICES | $128,349 |
| ENNEAD ARCHITECTS | |||||
| 320 WEST 13TH STREET | NEW YORK | NY | 10014 | ARCHITECTUAL DESIGN | $110,796 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $15,255 | FundraisingAmt |
| All Other Contributions | $1,428,670 | AllOtherContributionsAmt |
| Noncash Contributions | $101,628 | NoncashContributionsAmt |
| Total Contributions | $1,443,925 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 900099 | $7,228,106 | $7,228,106 |
| RENTAL INCOME | 531190 | $724,292 | $724,292 |
| AUXILIARY ENTERPRISES | 900099 | $599,237 | $599,237 |
| BOOKSTORE | 451211 | $67,952 | $67,952 |
| OTHER REVENUE | 900099 | $52,765 | $52,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,672,352 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,303 | TotalRevenueColumnAmt |
| Exclusion | $20,303 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,400 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,694 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$294 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$294 | TotalRevenueColumnAmt |
| Exclusion | -$294 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $15,255 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $1,280 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,280 | TotalRevenueColumnAmt |
| Exclusion | -$1,280 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE CLAIM REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $77,268 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $77,268 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $77,268 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,212,274 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,749,620 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $18,729 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,879 | TotalAmt |
| Program Services | $67,879 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $504,342 | TotalAmt |
| Program Services | $185,639 | ProgramServicesAmt |
| Management And General | $223,092 | ManagementAndGeneralAmt |
| Fundraising | $95,611 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,013,150 | TotalAmt |
| Program Services | $4,336,204 | ProgramServicesAmt |
| Management And General | $636,634 | ManagementAndGeneralAmt |
| Fundraising | $40,312 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,689 | TotalAmt |
| Program Services | $103,410 | ProgramServicesAmt |
| Management And General | $38,939 | ManagementAndGeneralAmt |
| Fundraising | $340 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $492,402 | TotalAmt |
| Program Services | $291,838 | ProgramServicesAmt |
| Management And General | $175,050 | ManagementAndGeneralAmt |
| Fundraising | $25,514 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,347 | TotalAmt |
| Program Services | $287,894 | ProgramServicesAmt |
| Management And General | $65,616 | ManagementAndGeneralAmt |
| Fundraising | $11,837 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,335 | TotalAmt |
| Management And General | $116,335 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,276 | TotalAmt |
| Management And General | $47,276 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,000 | TotalAmt |
| Fundraising | $16,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,936 | TotalAmt |
| Management And General | $1,936 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,608 | TotalAmt |
| Program Services | $193,753 | ProgramServicesAmt |
| Management And General | $76,475 | ManagementAndGeneralAmt |
| Fundraising | $10,380 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,064 | TotalAmt |
| Program Services | $10,354 | ProgramServicesAmt |
| Management And General | $388,926 | ManagementAndGeneralAmt |
| Fundraising | $3,784 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,631 | TotalAmt |
| Program Services | $182,276 | ProgramServicesAmt |
| Management And General | $36,154 | ManagementAndGeneralAmt |
| Fundraising | $6,201 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,035 | TotalAmt |
| Program Services | $121,189 | ProgramServicesAmt |
| Management And General | $40,765 | ManagementAndGeneralAmt |
| Fundraising | $1,081 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,402 | TotalAmt |
| Program Services | $302,954 | ProgramServicesAmt |
| Management And General | $83,903 | ManagementAndGeneralAmt |
| Fundraising | $1,545 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,225 | TotalAmt |
| Program Services | $219,949 | ProgramServicesAmt |
| Management And General | $59,437 | ManagementAndGeneralAmt |
| Fundraising | $839 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,524 | TotalAmt |
| Program Services | $225,768 | ProgramServicesAmt |
| Management And General | $21,372 | ManagementAndGeneralAmt |
| Fundraising | $1,384 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,655 | TotalAmt |
| Program Services | $337,735 | ProgramServicesAmt |
| Management And General | $18,736 | ManagementAndGeneralAmt |
| Fundraising | $1,184 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,570 | TotalAmt |
| Program Services | $369,761 | ProgramServicesAmt |
| Management And General | $20,513 | ManagementAndGeneralAmt |
| Fundraising | $1,296 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,201 | TotalAmt |
| Management And General | $64,201 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $218,161 | $134,042 | $81,668 | $2,451 |
| LATE FEES AND OTHER MIS | $8,232 | $181 | $8,051 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,795,664 | TotalAmt |
| Program Services | $7,370,826 | ProgramServicesAmt |
| Management And General | $2,205,079 | ManagementAndGeneralAmt |
| Fundraising | $219,759 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,057,650 | BOYAmt |
| EOY | $1,223,496 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,080,966 | BOYAmt |
| EOY | $1,982,250 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,928 | BOYAmt |
| EOY | $498,436 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,351 | BOYAmt |
| EOY | $202,003 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $263,053 | BOYAmt |
| EOY | $187,679 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,545 | BOYAmt |
| EOY | $56,852 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $783,994 | BOYAmt |
| EOY | $748,594 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,957,411 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,218,284 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,526,432 | BOYAmt |
| EOY | $12,739,127 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,697 | BOYAmt |
| EOY | $34,876 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $344,812 | BOYAmt |
| EOY | $410,960 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,981,428 | BOYAmt |
| EOY | $18,084,273 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $790,670 | BOYAmt |
| EOY | $1,228,475 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,866,541 | BOYAmt |
| EOY | $2,049,654 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,401,210 | BOYAmt |
| EOY | $9,465,527 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,940 | BOYAmt |
| EOY | $22,940 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,080,361 | BOYAmt |
| EOY | $12,766,596 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,686,548 | BOYAmt |
| EOY | $4,137,546 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,993,185 | BOYAmt |
| EOY | $958,772 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,334 | BOYAmt |
| EOY | $221,359 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,901,067 | BOYAmt |
| EOY | $5,317,677 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,981,428 | BOYAmt |
| EOY | $18,084,273 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $416,610 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $485,179 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $514,513 | BeginningYearBalanceAmt |
| Contributions | $25 | ContributionsAmt |
| Investment Earnings Or Losses | $1,534 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,499 | OtherExpendituresAmt |
| End Year Balance | $511,573 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $522,400 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,232 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $9,119 | OtherExpendituresAmt |
| End Year Balance | $514,513 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $520,489 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,911 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $522,400 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $516,516 | BeginningYearBalanceAmt |
| Contributions | $5,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,973 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,000 | OtherExpendituresAmt |
| End Year Balance | $520,489 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $465,371 | BeginningYearBalanceAmt |
| Contributions | $82,128 | ContributionsAmt |
| Investment Earnings Or Losses | $2,187 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $8,000 | OtherExpendituresAmt |
| Administrative Expenses | $25,170 | AdministrativeExpensesAmt |
| End Year Balance | $516,516 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.10220 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.43270 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.46510 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $269,990 | OtherCostOrOtherBasisAmt |
| Book Value | $269,990 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,998,965 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,410,746 | DepreciationAmt |
| Book Value | $9,588,219 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $998,342 | OtherCostOrOtherBasisAmt |
| Depreciation | $546,108 | DepreciationAmt |
| Book Value | $452,234 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,690,114 | OtherCostOrOtherBasisAmt |
| Depreciation | $261,430 | DepreciationAmt |
| Book Value | $2,428,684 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,739,127 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BUILDING SECURITY DEPOSITS | Desc |
| Amt | $22,940 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,940 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,145,969 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $1,574 | OtherRevenueAmt |
| Revenue Not Reported | $1,574 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,144,395 | RevenueSubtotalAmt |
| Other Revenues Not Included | $67,879 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $67,879 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,212,274 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,729,359 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,574 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,574 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,727,785 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $67,879 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $67,879 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,795,664 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE COLLECTIONS, WHICH CONSIST OF LIBRARY BOOKS, PERIODICALS AND RELATED MATERIAL, A PIPE ORGAN AND WORKS OF ART WERE PRIMARILY ACQUIRED THROUGH THE PURCHASE OF THE CAMPUS. THE LIBRARY COLLECTION ASSISTS THE STUDENTS WITH THEIR SCHOLARLY RESEARCH. THE PIPE ORGAN AND WORKS OF ARTS ARE AVAILABLE FOR PUBLIC EXHIBITION THROUGHOUT THE CAMPUS. |
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF SIX (6) INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. GARY LIBRARY FUND - FOR LIBRARY BUILDINGS AND MAINTENANCE. HADLEY FUND - FOR GLOVER/HADLEY DORM MAINTENANCE. DOLAN MINORITY SCHOLARSHIP FUND - PROVIDES SCHOLARSHIPS TO MFA VISUAL ART MINORITY STUDENTS. KINGSLEY MEMORIAL ENDOWMENT FUND - STUDENT SCHOLARSHIPS. IT'S NEVER TOO LATE SCHOLARSHIP FUND - STUDENT SCHOLARSHIPS. GENERAL ENDOWMENT - STUDENT SCHOLARSHIPS. |
| PART X, LINE 2: | THE COLLEGE ADOPTED PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE COLLEGE EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FASB ASC 450, "CONTINGENCIES". ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS POSITIONS ARE LIKELY TO BE SUSTAINED UPON EXAMINATION. NO PROVISION FOR INCOME TAX IS REQUIRED FOR 2015 OR 2014. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON SALE OF COMPUTER 294. FUNDRAISING EXPENSES FOR HUNGER MOUNTAIN AUCTION 1,280. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | STUDENT AID 67,879. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON SALE OF COMPUTER 294. FUNDRAISING EXPENSES FOR HUNGER MOUNTAIN AUCTION 1,280. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT AID 67,879. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | VCFA BOARD RESOLUTION DOCUMENTS NONDISCRIMINATORY POLICY. NONDISCRIMINATORY POLICY IS ON BROCHURES, CATALOGS, APPLICATION MATERIALS AND WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | DIRECT FEDERAL LOANS FOR STUDENT FINANCIAL AID (SUBSIDIZED, UNSUBSIDIZED AND PLUS LOANS) |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAMETZ BLACKSTONE ASSOCIATES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WEST NEWTON STREET BLACKSTONE SQ | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | MICRO-SITE/MESSAGING OF THE CAPITAL CAMPAIGN | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $16,000 | RetainedByContractorAmt |
| Net To Organization | -$16,000 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $16,000 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$16,000 | TotalNetToOrganizationAmt |
| Licensed States | NH | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | HUNGER MOUNTAIN AUCTION | Event1Nm |
| Gross Receipts Event1 | $15,255 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $15,255 | CharitableContriEvent1Amt |
| Other Direct Expenses Event1 | $1,280 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $15,255 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $15,255 | CharitableContributionsTotAmt |
| Oth Direct Expnss Total Events | $1,280 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $1,280 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$1,280 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE G, PART I, LINE 2B, COLUMN (V) | FormAndLineReferenceDesc |
| Explanation | ALL PAYMENTS TO SAMETZ BLACKSTONE ASSOCIATES, INC. WERE INCURRED FOR THE DEVELOPMENT AND USE OF A MICRO-SITE TO DELIVER THE MESSAGING FOR THE CAPITAL CAMPAIGN FUNDRAISING. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 41 | RecipientCnt |
| Cash Grant | $67,879 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | STUDENTS AWARDED SCHOLARSHIPS MUST BE ENROLLED, AND FOR CONTINUED FUNDING, MUST SUCCESSFULLY COMPLETE THE SEMESTER PROJECT; SOME SCHOLARSHIPS REQUIRES MANUSCRIPT SUBMISSION, REVIEW AND SELECTION BY FACULTY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TOM GREENE | ||||||||||||||
| PRESIDENT | $205,611 | $0 | $0 | $0 | $38,027 | $0 | $29,601 | $0 | $19,033 | $0 | $292,272 | $0 | $0 | $0 |
| MATTHEW MONK | ||||||||||||||
| ACADEMIC DEAN | $150,402 | $0 | $0 | $0 | $0 | $0 | $8,155 | $0 | $12,803 | $0 | $171,360 | $0 | $0 | $0 |
| WILLIAM KAPLAN | ||||||||||||||
| COLLEGE VICE PRESIDENT | $143,641 | $0 | $0 | $0 | $0 | $0 | $7,687 | $0 | $18,813 | $0 | $170,141 | $0 | $0 | $0 |
| ERICA HARE | ||||||||||||||
| COLLEGE CFO | $148,675 | $0 | $0 | $0 | $0 | $0 | $8,092 | $0 | $18,798 | $0 | $175,565 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE PRESIDENT'S CONTRACT STATES THAT HE WILL RECEIVE A MONTHLY HOUSING ALLOWANCE OF $2,500 FOR A TOTAL YEARLY ALLOWANCE OF $30,000. |
| PART I, LINE 1B | HOUSING STIPEND PROVIDED PER CONTRACTUAL AGREEMENT. |
| PART I, LINE 4B | EFFECTIVE FOR FISCAL YEAR 2012 THE COLLEGE OPENED A 457(B) PLAN FOR THE PRESIDENT AND $16,500 WILL BE DEPOSITED ANNUALLY. ALSO, IN FISCAL YEAR 2012, THE COLLEGE AGREED TO SET ASIDE IN A CERTIFICATE OF DEPOSIT $33,500 ANNUALLY FOR FIVE (5) YEARS TO BE CONSIDERED DEFERRED COMPENSATION. AT THE END OF THE FIFTH YEAR THE COMPENSATION WILL BE PAID OUT LESS NORMAL WITHHOLDINGS FOR STATE AND FEDERAL TAXES, FICA AND THE LIKE. |
Schedule M IRS990ScheduleM
Real Estate Other RealEstateOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $95,130 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NET BOOK VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | EQUIPMENT | Desc |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $6,498 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | LETITIA CHAMBERS AND PETER SMITH, BOARD MEMBERS, ARE MARRIED. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE FORM 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FINAL SUBMISSION TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH TRUSTEE IS REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | BOARD DETERMINES PRESIDENT'S SALARY BASED ON EVALUATION AND COMPARING DATA WITH SIMILAR INSTITUTIONS, AND APPROVES PRESIDENT'S SALARY. PRESIDENT EVALUATES AND DETERMINES THE OTHER OFFICER'S SALARIES. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON EACH REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON EACH INDIVIDUAL REQUEST. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATIONS WEBSITE UNDER POLICIES AND UPON EACH INDIVIDUAL REQUEST. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT COLLEGE OF FINE ARTS FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 COLLEGE STREET | AddressLine1Txt |
| City | MONTPELIER | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474302610 | EIN |
| Primary Activities | PROVIDE FINANCIAL SUPPORT FOR THE EDUCATIONAL MISSION OF THE COLLEGE | PrimaryActivitiesTxt |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 11A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT COLLEGE OF FINE ARTS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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