2015-05-11T12:33:13-05:00 2014-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2013-07-01 010215213 BOWDOIN COLLEGE % MATTHEW P ORLANDO BOWD 2077253804 5400 COLLEGE STATION Suite BRUNSWICK ME 040118445 MATTHEW ORLANDO VP FOR FINANCE 2077253804 2015-05-11 true Tara D'agostino P01245482 2077253804 2013 2016-02-25 16:41:14Z BARRY MILLS 5400 COLLEGE STATION BRUNSWICK ME 040118445 498682000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O 44 39 2990 3098 -653000 -1566756 44596000 44907000 107084000 109598000 79823000 80833000 12000 5000 231515000 235343000 31366000 33785000 0 0 83211000 87713000 616000 862000 6756000 57981000 59354000 173174000 181714000 58341000 53629000 1559469000 1735882000 341176000 333380000 1218293000 1402502000 X *SEE SCHEDULE O* false false 157010000 33577000 109598000 THE ON-CAMPUS STUDENT BODY NUMBERS APPROXIMATELY 1,792. AN ESTIMATED 245 STUDENTS STUDY AWAY ANNUALLY; 93% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 98% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2014, 38,416 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 30,199 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 157010000 true true false true false false false true true true true true false false true true true false true true true false true false false false false true true true true false true false false false false true false true true true true false false true true true false false false true 441 0 true 2990 true true true true UK false false false true true true 2 false false false X 44 39 false false false false false false false true true false false false true true true true true true true false X MATTHEW P ORLANDO 2077253804 5400 COLLEGE STATION BRUNSWICK ME 040118445 DEBORAH JENSEN BARKER CHAIR 8.0 0.0 X X 0 0 0 DAVID P WHEELER VICE CHAIR 8.0 0.0 X X 0 0 0 STEWART BAINUM JR TRUSTEE 4.0 0.0 X 0 0 0 PETER J BERNARD TRUSTEE 4.0 0.0 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.0 0.0 X 0 0 0 GREGORY B BOWES TRUSTEE 4.0 0.0 X 0 0 0 RONALD C BRADY TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BROWN TRUSTEE 4.0 0.0 X 0 0 0 LEONARD W COTTON TRUSTEE 4.0 0.0 X 0 0 0 MICHELE G CYR TRUSTEE 4.0 0.0 X 0 0 0 JEFF D EMERSON TRUSTEE 4.0 0.0 X 0 0 0 JOHN A GIBBONS JR TRUSTEE 4.0 0.0 X 0 0 0 DONALD A GOLDSMITH TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN F GORMLEY TRUSTEE 4.0 0.0 X 0 0 0 BRADFORD A HUNTER TRUSTEE 4.0 0.0 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.0 0.0 X 0 0 0 ANN HEMBELTON KENYON TRUSTEE 4.0 0.0 X 0 0 0 GREGORY E KERR TRUSTEE 4.0 0.0 X 0 0 0 GEORGE A KHALDUN TRUSTEE 4.0 0.0 X 0 0 0 JAMES W MACALLEN TRUSTEE 4.0 0.0 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.0 0.0 X 0 0 0 HENRY T A MONIZ TRUSTEE 4.0 0.0 X 0 0 0 DAVID A MORALES TRUSTEE 4.0 0.0 X 0 0 0 TAMARA A NIKURADSE TRUSTEE 4.0 0.0 X 0 0 0 SCOTT B PERPER TRUSTEE 4.0 0.0 X 0 0 0 KATHLEEN KIMIKO PHILLIPS TRUSTEE 4.0 0.0 X 0 0 0 JANE L PINCHIN TRUSTEE 4.0 0.0 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.0 0.0 X 0 0 0 LINDA HORVITZ ROTH TRUSTEE 4.0 0.0 X 0 0 0 DAVID J ROUX TRUSTEE 4.0 0.0 X 0 0 0 GEOFFREY CLAFLIN RUSACK TRUSTEE 4.0 0.0 X 0 0 0 H ALLEN RYAN TRUSTEE 4.0 0.0 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.0 0.0 X 0 0 0 ANDREW E SERWER TRUSTEE 4.0 0.0 X 0 0 0 PETER M SMALL TRUSTEE 4.0 0.0 X 0 0 0 MARY TYDINGS SMITH TRUSTEE 4.0 0.0 X 0 0 0 JAMES E STALEY TRUSTEE 4.0 0.0 X 0 0 0 SHELDON M STONE TRUSTEE 4.0 0.0 X 0 0 0 JOHN J STUDZINSKI TRUSTEE 4.0 0.0 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.0 0.0 X 0 0 0 KAREN N WALKER TRUSTEE 4.0 0.0 X 0 0 0 PAULA M WARDYNSKI TRUSTEE 4.0 0.0 X 0 0 0 ROBERT F WHITE TRUSTEE 4.0 0.0 X 0 0 0 BARRY MILLS PRESIDENT 40.0 0.0 X X 428069 0 89228 SCATHERINE LONGLEY SVP FINANCE & ADMIN/TREASURER 40.0 0.0 X 284615 0 62213 PAULA VOLENT SVP FOR INVESTMENTS 40.0 0.0 X 1230565 0 58170 KELLY KERNER SVP FOR DVT & ALUMNI RELATIONS 40.0 0.0 X 296987 0 54580 CRISTLE COLLINS JUDD DEAN FOR ACADEMIC AFFAIRS 40.0 0.0 X 235143 0 62275 SCOTT MEIKLEJOHN DEAN OF ADMISSIONS & STDT AID 40.0 0.0 X 205060 0 39702 MITCHEL DAVIS CHIEF INFORMATION OFFICER 40.0 0.0 X 184420 0 46715 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 40.0 0.0 X 182644 0 46595 JANE DIETZE DIRECTOR OF PRIVATE EQUITY 40.0 0.0 X 288369 0 49514 PATSY DICKINSON FACULTY 40.0 0.0 X 205104 0 63303 MARK WETHLI FACULTY 40.0 0.0 X 192752 0 48321 EDYTA RILEY ASSOC DIRECTOR OF INVESTMENTS 40.0 0.0 X 188916 0 28017 RAYMOND MILLER FACULTY 40.0 0.0 X 178892 0 19367 WILLIAM TORREY FORMER SECRETARY OF COLLEGE 0.0 0.0 X 122500 0 2589 4224036 0 670589 119 true true false Warren Construction Group LLC PO Box 362 South Freeport ME 04078 Const. Services 2793078 Elsevier BV PO Box 7247 Philadelphia PA 19170 Library Services 734348 Anthem Blue Cross Blue Shield 3350 Peachtree Road Atlanta GA 30326 Admin Services 496155 Country Fare Inc PO Box 66 Bowdoinham ME 04008 Landscape Services 402531 Farley Son Landscaping 310 Commercial Street Rockport ME 04856 Landscape Services 392986 41 33000 3000 3364000 41507000 8313000 44907000 TUITION AND FEES 611710 83579000 83579000 ROOM AND BOARD 611710 20925000 20925000 AUXILIARY ENTERPRISES 611710 4749000 4135000 614000 TRUST INCOME 611710 345000 345000 109598000 11730000 -1958000 13688000 0 4000 4000 0 0 0 0 0 332436000 0 262724000 609000 69712000 -609000 69103000 691000 68412000 7000 3000 6000 1000 1000 0 0 0 0 235343000 108984000 -653000 82105000 428000 428000 33193000 33193000 164000 164000 0 4351000 1579000 1910000 862000 67000 67000 62440000 52637000 6423000 3380000 6427000 5399000 651000 377000 10741000 9170000 1004000 567000 4549000 3764000 502000 283000 0 434000 434000 297000 297000 22700 22700 0 501000 501000 4658000 3942000 632000 84000 69000 47000 22000 5223000 4358000 286000 579000 3409000 2124000 1282000 3000 0 6849000 5106000 1743000 3422000 2835000 259000 328000 0 912000 619000 48000 245000 11783000 11076000 707000 0 10238000 9522000 716000 775000 698000 77000 PURCHASES FOR RESALE 3969000 3969000 LIBRARY MATERIALS 2335000 2335000 FACILITIES MAINT. & REPAIR 2285000 2125000 160000 EQP RENTAL, MAINT. & REPAIR 894000 767000 122000 5000 1278300 1086000 149300 43000 181714000 157010000 17948000 6756000 0 0 66875000 60571000 12441000 17342000 2751000 1705000 0 0 0 0 4997000 4436000 1550000 1421000 4241000 4336000 390250000 133445000 251746000 256805000 73184000 66641000 1121541000 1303084000 0 0 0 0 20143000 19541000 1559469000 1735882000 20893000 18321000 4208000 4208000 1331000 1459000 117537000 117611000 311000 311000 0 0 14652000 7083000 0 0 182244000 184387000 341176000 333380000 X 172230000 176618000 605872000 756474000 440191000 469410000 1218293000 1402502000 1559469000 1735882000 X 53629000 128662000 1918000 X false true X true true true X 32109000 28543000 27455000 44596000 44907000 177610000 0 0 32109000 28543000 27455000 44596000 44907000 177610000 25929886 151680114 3798000 8766000 8599000 13658000 13692000 48513000 0 0 0 12000 21000 7000 40000 226163000 511956000 0.67067 0.65580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 22700 22700 false PART II-B, LINE 1I THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X false false true X 1038640000 24142000 198495000 18135000 23423000 3689000 1216030000 902364000 32465000 145634000 16808000 21283000 3732000 1038640000 904215000 15333000 23497000 16543000 21341000 2797000 902364000 753525000 24697000 166150000 16436000 21595000 2126000 904215000 688384000 30940000 73857000 16335000 21151000 2170000 753525000 0.07500 0.35600 0.56900 false false 4937000 4937000 332863000 103529000 229334000 786000 381000 405000 35270000 22437000 12833000 16394000 7098000 9296000 256805000 EQUITIES 323512000 F FIXED INCOME 16689000 F ABSOLUTE RETURN 463632000 F ALTERNATIVE INVESTMENTS 499251000 F 1303084000 0 LIABILITY: POST-RETIREMENT BENEFIT 14428000 ASSET RETIREMENT OBLIGATION 1411000 LIABILITY FOR PV OF LIFE INCOME 14900000 FAIR VALUE OF INTEREST RATE SWAP 5496000 TAXABLE BOND LIABILITIES 148152000 184387000 X 362313000 128662000 1918000 130580000 231733000 3616000 -6000 3610000 235343000 178104000 6000 6000 178098000 3616000 3616000 181714000 ORGANIZATIONS MAINTAINING COLLECTIONS PART III, LINE 1A THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. ORGANIZATION'S COLLECTIONS PART III, LINE 4 COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. CUSTODIAL ACCOUNTS PART IV, LINE 2B THE COLLEGE SERVES AS THE AGENT INSTITUTION FOR THE INTERCOLLEGIATE SRI LANKA EDUCATION PROGRAM: $291,000; SECURITY DEPOSITS ON RENTAL PROPERTIES: $20,000 ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES OF FUTURE GENERATIONS OF BOWDOIN STUDENTS. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XI, LINE 2D NET UNREALIZED LOSS ON INTEREST RATE SWAP $(248,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST $ 433,000 NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $2,077,000 UNCOLLECTIBLE PLEDGES $(344,000) TOTAL $1,918,000 OTHER REVENUE INCLUDED ON FORM 990 NOT IN F/S PART XI, LINE 4B DIRECT EXPENSES FOR FUNDRAISING EVENTS $ (6,000) OTHER EXPENSES INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XII, LINE 2D DIRECT EXPENSES FOR FUNDRAISING EVENTS $ 6,000 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE COLLEGE CATALOGUE CONTAINS A STATEMENT OF BOWDOIN COLLEGE'S NON-DISCRIMINATION POLICY. THE CATALOGUE IS PUBLISHED ON-LINE AT THE COLLEGE'S WEBSITE - WWW.BOWDOIN.EDU/CATALOGUE. EXPLANATION OF GOVERNMENT FINANCIAL AID PART I, LINE 6A THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS AND COLLEGE WORK STUDY PROGRAMS. true East Asia and the Pacific Grantmaking 71000 Europe (Including Iceland and Greenland) Grantmaking 82000 North America Grantmaking 8000 Sub-Saharan Africa Grantmaking 3000 Central America and the Caribbean Investments 682991000 Europe (Including Iceland and Greenland) Investments 11306000 Sub-Saharan Africa Investments 18871000 Europe (Including Iceland and Greenland) Fundraising 6000 North America Fundraising 1000 Central America and the Caribbean Program Services SEE PART V 3000 East Asia and the Pacific Program Services SEE PART V 9000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 3000 Europe (Including Iceland and Greenland) Program Services SEE PART V 117000 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 2000 Middle East and North Africa Program Services SEE PART V 2000 North America Program Services SEE PART V 14000 North America 1 1 Program Services SCIENTIFIC STATION 40000 North America Program Services STUDENT RECRUITMENT 5000 South America Program Services SEE PART V 8000 South America Program Services STUDENT RECRUITMENT 4000 1 1 1 1 713529000 17000 713546000 FINANCIAL AID East Asia and the Pacific 6 71000 WIRE TRANSF FINANCIAL AID Europe (Including Iceland and Greenland) 8 82000 WIRE TRANSF FINANCIAL AID North America 1 8000 WIRE TRANSF FINANCIAL AID Sub-Saharan Africa 2 3000 WIRE TRANSF true false true true true false MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED," DETERMINED THROUGH ANALYSIS OF INCOME, ASSET AND TAX INFORMATION SUBMITTED ON THE COLLEGE SCHOLARSHIP SERVICE/FINANCIAL AID PROFILE, FEDERAL FAFSA AND FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED SCHOLARSHIPS. THE COLLEGE MAINTAINS A FINANCIAL AID OFFICE TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. FUNDS ARE TRACKED SEPARATELY IN THE ORGANIZATION'S BOOKS AND RECORDS. PROGRAM SERVICE ACTIVITIES PART I, LINE 3 PROGRAM SERVICES ACTIVITY IN #10, 11, 13, 15, 16 AND #2 ON CONTINUATION PAGE - FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. BASIS OF ACCOUNTING PART I, LINE 3, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. true TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 999999999 GOV'T 351000 CONTRIBUTION CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(c)(3) 10000 CONTRIBUTION CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 9000 CONTRIBUTION CONTRIBUTION UNITED WAY OF MID COAST MAINE 34 WING FARM PARKWAY BATH ME 04530 016004866 501(c)(3) 5200 CONTRIBUTION CONTRIBUTION 4 FINANCIAL AID FOR UNDERGRADUATE STUDENTS 853 31299000 STUDENT RESEARCH FELLOWSHIPS 528 1117000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 91 497000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 286 280000 MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED," DETERMINED THROUGH ANALYSIS OF INCOME, ASSET AND TAX INFORMATION SUBMITTED ON THE COLLEGE SCHOLARSHIP SERVICE/FINANCIAL AID PROFILE, FEDERAL FAFSA AND FEDERAL INCOME TAX RETURNS. THE COLLEGE DOES NOT OFFER MERIT BASED SCHOLARSHIPS OTHER THAN SCHOLARSHIPS TO NATIONAL MERIT SCHOLARS. THE COLLEGE MAINTAINS A FINANCIAL AID OFFICE TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X X true true X X X X true false false false false false false true false BARRY MILLS PRESIDENT 421423 0 0 0 6646 0 39183 0 50045 0 517297 0 0 0 SCATHERINE LONGLEY SVP FINANCE & ADMIN/TREASURER 280048 0 0 0 4567 0 40442 0 21771 0 346828 0 0 0 PAULA VOLENT SVP FOR INVESTMENTS 621437 0 605000 0 4128 0 38963 0 19207 0 1288735 0 0 0 KELLY KERNER SVP FOR DVT & ALUMNI RELATIONS 296051 0 0 0 936 0 37945 0 16635 0 351567 0 0 0 CRISTLE COLLINS JUDD DEAN FOR ACADEMIC AFFAIRS 233006 0 0 0 2137 0 36524 0 25751 0 297418 0 0 0 SCOTT MEIKLEJOHN DEAN OF ADMISSIONS & STDT AID 198489 0 0 0 6571 0 29844 0 9858 0 244762 0 0 0 MITCHEL DAVIS CHIEF INFORMATION OFFICER 181866 0 0 0 2554 0 27641 0 19074 0 231135 0 0 0 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 181738 0 0 0 906 0 24312 0 22283 0 229239 0 0 0 JANE DIETZE DIRECTOR OF PRIVATE EQUITY 287379 0 0 0 990 0 24730 0 24784 0 337883 0 0 0 PATSY DICKINSON FACULTY 202883 0 0 0 2221 0 31502 0 31801 0 268407 0 0 0 MARK WETHLI FACULTY 189268 0 0 0 3484 0 26863 0 21458 0 241073 0 0 0 EDYTA RILEY ASSOC DIRECTOR OF INVESTMENTS 138689 0 50000 0 227 0 9540 0 18477 0 216933 0 0 0 RAYMOND MILLER FACULTY 54871 0 0 0 124021 0 8377 0 10990 0 198259 0 0 0 WILLIAM TORREY FORMER SECRETARY OF COLLEGE 0 0 0 0 122500 0 0 0 2589 0 125089 0 0 0 BENEFITS PART I, LINE 1A TRAVEL FOR COMPANIONS: SPOUSAL/PARTNER TRAVEL IS PERMISSIBLE IN INSTANCES WHERE THE PRESENCE OF A SPOUSE/PARTNER IS REQUIRED TO FURTHER A COLLEGE PURPOSE. THE AMOUNTS ARE COVERED UNDER THE COLLEGE'S EXPENSE REIMBURSEMENT POLICY. GROSS-UP PAYMENTS: THE COLLEGE'S HEALTH PLAN OFFERED COVERAGE TO DOMESTIC PARTNERS OF EMPLOYEES. PREVAILING FEDERAL LAW PRECLUDED EMPLOYEES FROM PAYING FOR A DOMESTIC PARTNER'S INSURANCE WITH PRE-TAX DOLLARS. IN ADDITION, THE COLLEGE PORTION OF HEALTH INSURANCE PAYMENTS FOR THE DOMESTIC PARTNER WAS TAXED AS IMPUTED INCOME TO THE EMPLOYEE. THE COLLEGE GROSSED UP EMPLOYEES OPTING FOR DOMESTIC PARTNER COVERAGE. HOUSING ALLOWANCE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR BARRY MILLS. SOCIAL CLUB DUES: SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF THE SVP FOR INVESTMENTS AND THE DEAN FOR ACADEMIC AFFAIRS DURING CALENDAR YEAR 2013. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUBS ARE USED TO CONDUCT COLLEGE BUSINESS ONLY. SEVERANCE OR CHANGE OF CONTROL PAYMENTS PART I, LINE 4A RAYMOND MILLER RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $121,560. WILLIAM TORREY RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $122,500. NON-FIXED PAYMENTS PART I, LINE 7 A KEY EMPLOYEE IN THE INVESTMENT OFFICE HAS AN INCENTIVE PERFORMANCE-RELATED BONUS BASED IN PART ON THE INVESTMENT PERFORMANCE OF THE BOWDOIN COLLEGE ENDOWMENT. COMPENSATION PART II A PORTION OF THE COMPENSATION AMOUNT REPORTED FOR PATSY DICKINSON IS ATTRIBUTABLE TO SUPPLEMENTAL SALARY EARNED ON EXTERNALLY FUNDED RESEARCH AWARDS. A MAINE HHEFA 010314384 5604253P3 2009-05-14 97207250 REFUNDING/CONSTRUCTION-SEE PART VI false false false B MAINE HHEFA 010314384 560425W30 2008-03-24 20700000 REFUNDS 2007 ISSUE DATED 6/6/07 false false false A 0 0 97207250 0 603892 23227798 875830 0 0 1858988 70640742 0 2012 true true true true B 0 0 20700000 0 0 0 200000 0 0 0 20500000 0 2009 true false true true A false true false false 0.00200 0.00100 0.00300 false false 0.00000 false true B false true false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true B false false false true true false 0 false 0 false true A true B true TAX-EXEMPT BONDS PART I, LINE A, COLUMN F REFUND PRIOR BOND ISSUES 1995B ISSUED 7/25/95, 1998A ISSUED 3/18/98, 1998C ISSUED 11/19/98, 2001C ISSUED 5/15/01, 2003B ISSUED 7/24/03, 2005A ISSUED 8/17/05, 2006B ISSUED 4/6/06. REBATE COMPUTATION PART IV, LINE 2C BOND A REBATE COMPUTATION DATE 6/13/14. BOND B REBATE COMPUTATION DATE 4/29/13. NA N/A 8001 SCHOLARSHIP BENEFIT OAKTREE CAPITAL MANAGEMENT SEE PART V 1143226 CAPITAL DISTRIBUTION false BLUEMOUNTAIN CAPITAL MANAGEMENT SEE PART V 2500000 CAPITAL CONTRIBUTION false TIFF REAL ESTATE PARTNERS SEE PART V 798866 CAPITAL DISTRIBUTION false AETNA SEE PART V 279307 PURCHASE OF INSURANCE false MAINE EMPLOYERS MUTUAL INSURANCE OFFICER- C. LONGLEY 352919 PURCHASE OF INSURANCE false UNITED EDUCATORS OFFICER- C. LONGLEY 266009 PURCHASE OF INSURANCE false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- T. FOSTER 67000 COMPENSATION false GOODY CLANCY KEY EMP. - S. MEIKLEJOHN 107880 RENOVATION STUDY false BUSINESS TRANSACTIONS PART IV (1) OAKTREE CAPITAL MANAGEMENT: COLUMN (B) BOWDOIN TRUSTEE AND OCM FOUNDING PRINCIPAL AND BOARD MEMBER. (2) BLUEMOUNTAIN CAPITAL MANAGEMENT: COLUMN (B) BOWDOIN TRUSTEE AND BLUEMOUNTAIN CAPITAL MANAGEMENT MANAGING PARTNER. (3) TIFF REAL ESTATE PARTNERS: COLUMN (B) BOWDOIN TRUSTEE AND TIFF REAL ESTATE PARTNERS MANAGING DIRECTOR. (4) AETNA: COLUMN (B) BOWDOIN TRUSTEE AND AETNA SENIOR EXECUTIVE. X 1046 X 191 7803000 SEE PART II X 1 510000 SEE PART II 17 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. NON-CASH CONTRIBUTIONS PART I, LINE 9 168 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 23 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. REAL ESTATE - RESIDENTIAL PART I, LINE 15 1 GIFT OF RESIDENTIAL REAL ESTATE WAS VALUED BASED ON AN APPRAISAL. ART - WORKS OF ART PART I, LINE 33 THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. ORGANIZATION'S MISSION CORE FORM 990, PART I, LINE 1 AND PART III, LINE 1 IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. FORM 990 REVIEW PROCESS CORE FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY BOWDOIN OFFICERS. FOLLOWING THESE REVIEWS, A PUBLIC DISCLOSURE COPY OF THE FINAL DRAFT FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES. PRIOR TO FILING, A COPY OF THE FINAL DRAFT SCHEDULE B IS PROVIDED TO THE CHAIRMAN OF THE BOARD, THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE DEVELOPMENT COMMITTEE. A COPY OF SCHEDULE B IS ALSO MADE AVAILABLE TO ALL BOARD MEMBERS AT A REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES PRIOR TO FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY CORE FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT COMMITTEE AND TO THE BOARD OF TRUSTEES. APPROPRIATE ACTIONS ARE TAKEN WHERE REQUIRED. COMPENSATION POLICY CORE FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. PUBLIC DISCLOSURE CORE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CORE FORM 990, PART XI, LINE 9 NET UNREALIZED LOSS ON INTEREST RATE SWAP $ (248,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $2,077,000 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST $ 433,000 UNCOLLECTIBLE PLEDGES $ (344,000) TOTAL $1,918,000 POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME 83753638 BOWDOIN TP PARTNERSHIP PO BOX 770 ASHLAND KY 41105 550648835 INVESTING KY NA EXCLUDED 512,513,514 3 48420 false 0 true 0.56000 POOLED INCOME FUNDS (3) INVESTING BOWDOIN Trust true CHARITABLE REMAINDER TRUSTS (8) INVESTING BOWDOIN Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND A S 50070 FMV POOLED INCOME FUND B S 136613 FMV CHARITABLE REMAINDER TRUST S 357548 FMV CHARITABLE REMAINDER TRUST S 146941 FMV POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED PART IV THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 8 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 6 ARE DOMICILED IN MAINE, 1 IN CONNECTICUT AND 1 IN MASSACHUSETTS.