2015-05-06T13:42:54-05:00 2014-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2013-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED % SHELLEY NAVARI CHAM 8028602700 163 SOUTH WILLARD STREET Suite BURLINGTON VT 05401 Shelley Navari Treasurer 8028602700 2015-05-04 true Mary-Evelyn Antonetti P00431862 8028602700 2013 2016-02-25 16:41:14Z SHELLEY L NAVARI 163 SOUTH WILLARD STREET BURLINGTON VT 05401 112036578 false X WWW.CHAMPLAIN.EDU X 1878 VT CHAMPLAIN COLLEGE IS A BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS, AND GLOBAL CITIZENS. 30 28 1811 30 465073 -153919 12869616 6444618 86386878 94569813 1338777 1556413 1189442 1335650 101784713 103906494 15753143 20212967 0 0 37390536 40912948 0 0 1489596 33389330 35620031 86533009 96745946 15251704 7160548 174473679 185277063 60402632 60746722 114071047 124530341 X CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS, AND GLOBAL CITIZENS. false false 53757188 20086473 66796508 UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE ACADEMIC DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE DIVISIONS THE COLLEGE HAS SIX CENTERS OF EXCELLENCE INCLUDING BRING YOUR OWN BUSINESS, THE CENTER FOR FINANCIAL LITERACY, THE PATRICK LEAHY CENTER FOR DIGITAL INVESTIGATION, THE EMERGENT MEDIA CENTER, THE CHAMPLAIN COLLEGE PUBLISHING INITIATIVE, AND THE GAME STUDIO. THE DAVID L. COOPERRIDER CENTER FOR APPRECIATIVE INQUIRY OPENED IN THE FALL OF 2015 MAKING IT THE SEVENTH CENTER OF EXCELLENCE AT CHAMPLAIN. CHAMPLAIN'S CENTERS OF EXCELLENCE - ON-CAMPUS LEARNING CENTERS IN STUDIO-LIKE ENVIRONMENTS IN WHICH STUDENTS ACROSS MAJORS WORK ON PROFESSIONAL PROJECTS - PUT CHAMPLAINS STUDENTS' CLASSROOM KNOWLEDGE TO THE TEST THROUGH PRACTICAL APPLICATION ON REAL PROJECTS. THE COLLEGE CURRENTLY HAS OVER 2,000 STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. 18871664 15327982 AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 19 TRADITIONAL RESIDENCE HALLS AND 6 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHITECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE MUCH CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOU'LL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. ADDITIONALLY, THE COLLEGE'S BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). 8976542 126494 12445323 GRADUATE AND CONTINUING PROFESSIONAL STUDIES- THE COLLEGE HAS TEN GRADUATE PROGRAMS, OFFERING MASTER DEGREES IN BUSINESS ADMINISTRATION, EMERGENT MEDIA (BOTH LOCALLY AND IN SHANGHAI), DIGITAL FORENSIC MANAGEMENT, DIGITAL FORENSIC SCIENCE, MANAGING INNOVATION & IT, MEDIATION & APPLIED CONFLICT STUDIES, LAW, HEALTHCARE MANAGEMENT, AND EARLY CHILDHOOD EDUCATION. A MASTERS IN EXECUTIVE LEADERSHIP BEGAN IN THE FALL OF FY15. THE COLLEGE HAS A PROSPERING DIVISION OF CONTINUING PROFESSIONAL STUDIES THAT FOLLOWS IN CHAMPLAIN'S TRADITION OF PARTNERING WITH BUSINESS AND INDUSTRY LEADERS, PROVIDING ADULT STUDENTS WITH CAREER-ENHANCING EDUCATIONAL CHOICES IN SOME OF TODAY'S GROWING FIELDS. THROUGH TRU-ED, A BUSINESS-EDUCATION ALLIANCE OFFERED THROUGH THE DIVISION OF CONTINUING PROFESSIONAL STUDIES, CHAMPLAIN PARTNERS WITH EMPLOYERS FOCUSED ON CAREER ADVANCEMENT TO PROVIDE HIGH-QUALITY, IN-DEMAND ONLINE DEGREES AND PROFESSIONAL CERTIFICATES. ACCESS TO THESE HIGH QUALITY ACADEMIC PROGRAMS IS PROVIDED THROUGH AN AFFORDABLE MONTHLY SUBSCRIPTION MODEL OFFERED AS AN EDUCATIONAL BENEFIT TO EMPLOYEES OF THESE ALLIANCE EMPLOYERS. 81605394 true true false false false false false false false true true false false false true true false true true true true false true false false false false false true true true false false false false false true false false false true true false false false false true true true false false true X 204 0 true 1811 true true true true CA EI false false false false false false false false X 30 28 false false false false false false false true true true false true true true true true true true true false VT X SHELLEY NAVARI 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 X GEORGE BOND TRUSTEE 1.0 X 0 ROBERT BOTJER TRUSTEE 1.0 X 0 GEORGE BURILL TRUSTEE 1.0 X 0 DAWN BUGBEE TRUSTEE 1.0 X 0 SCOTT CARPENTER TRUSTEE 1.0 X 0 JEFFREY CROWE TRUSTEE 1.0 X 0 TOM CULLINS TRUSTEE 1.0 X 0 LAURA DAGAN TRUSTEE 1.0 X 0 MOLLY DILLON TRUSTEE 1.0 X 0 RICK DAVIS TRUSTEE SINCE 1/17/2014 1.0 X 0 MARY EVSLIN TRUSTEE 1.0 X 0 JAMES FOSTER TRUSTEE 1.0 X 0 JOAN GIGNOUX TRUSTEE 1.0 X 0 CHARLES KITTREDGE TRUSTEE 1.0 X 0 SUSAN LAMASTER TRUSTEE 1.0 X 0 NEALE LUNDERVILLE TRUSTEE 1.0 X 0 DALE METZ TRUSTEE 1.0 X 0 MICHAEL METZ TRUSTEE 1.0 X 0 EMILY MORROW TRUSTEE 1.0 X 0 MARK NEAGLEY TRUSTEE 1.0 X 0 JUDY O'CONNELL TRUSTEE 1.0 X 0 MARY POWELL TRUSTEE 1.0 X 0 PETER STERN TRUSTEE 1.0 X 0 MICHAEL SULLIVAN TRUSTEE 1.0 X 0 RICH TARRANT TRUSTEE 1.0 X 0 DAVID STILLER TRUSTEE SINCE 10/18/2013 1.0 X 0 SARAH TISCHLER TRUSTEE 1.0 X 0 LEANDRO VAZQUEZ TRUSTEE (ROTATED OFF) 1.0 X 0 LISA VENTRISS TRUSTEE (ROTATED OFF) 1.0 X 0 DAVID FINNEY PRESIDENT 40.0 0.0 X X 537855 0 446567 DANIEL BOARDMAN TRUSTEE 1.0 0.0 X 0 0 0 KENNETH PALM TRUSTEE SINCE 10/18/2013 1.0 X 0 DAVID PROVOST SENIOR VICE PRESIDENT 40.0 0.0 X 316176 0 42724 SHELLEY NAVARI TREASURER 40.0 0.0 X 159038 0 24620 KATHERINE HAWLEY SECRETARY 40.0 0.0 X 141708 0 24601 ROBIN ABRAMSON PROVOST 40.0 0.0 X 217228 0 47115 JAYSON BOYERS VICE PRESIDENT 40.0 0.0 X 171846 0 28542 MICHELE RICHARDSON VICE PRESIDENT 40.0 0.0 X 209861 0 42516 IAN MORTIMER VICE PRESIDENT 40.0 0.0 X 212231 0 40007 LESLIE AVERILL VICE PRESIDENT 40.0 0.0 X 171732 0 33004 CHUCK MANISCALCO VICE PRESIDENT 40.0 0.0 X 182825 0 34156 LYNNE BALLARD ASSOCIATE PROVOST 40.0 0.0 X 155417 0 32868 JAMES CROSS ASSOCIATE PROVOST 40.0 0.0 X 145201 0 17100 MARY LEE ASSOCIATE VICE PRESIDENT 40.0 0.0 X 154308 0 39352 TERESA GADE SENIOR DIRECTOR 40.0 0.0 X 144924 0 16996 THEODORE LASKARIS ASSOCIATE VICE PRESIDENT 40.0 0.0 X 144206 0 33009 3064556 0 903177 58 false true false JANITECH 76 ETHAN ALLEN DRIVE SOUTH BURLINGTON VT 05403 CUSTODIAL 473253 CBMVT LLC PO BOX 3417 BURLINGTON VT 05408 CUSTODIAL 532163 COLIN LINDBERG 208 FLYNN AVE 2B BURLINGTON VT 05401 ARCHITECT 471780 REGISTRY FOR COLLEGE UNIVERSITY 3 CENTENNIAL DRIVE PEABODY VT 01960 CONSULTANT 493074 BRANDTHROPOLOGY INC 266 PINE STREET STE 5 BURLINGTON VT 05401 ADVERTISING 339777 18 765434 5679184 269527 6444618 TUITION & FEES 611710 79241831 79241831 DORMITORY AND DINING FEES 721310 15263520 15263520 BOOKSTORE RECEIPTS 451211 64462 64462 94569813 1301277 1301277 0 0 0 0 0 8385220 8130084 255136 255136 255136 0 0 0 CONFERENCE & EVENT CENTER 722210 620984 465073 155911 PARKING FEES 480000 141227 141227 OTHER INCOME 900099 573439 573439 1335650 103906494 94569813 465073 2426990 0 19897435 19897435 315532 315532 0 2677059 941411 1324595 411053 0 28882776 23916760 4385100 580916 2347785 1988250 332246 27289 4809435 3859691 818557 131187 2195893 1754484 385295 56114 0 126189 9517 116672 121950 121950 0 0 144543 144543 365882 365882 947500 474687 472813 1904298 1118321 750737 35240 1413207 78 1413129 0 6504839 6504839 1119403 764529 302345 52529 0 0 1180453 1098428 67670 14355 0 4207428 3256549 950879 854929 378472 476457 CONTRACTUAL SERVICES 2114840 1753140 348388 13312 MEAL EXPENSES 2474638 2474638 0 0 RENOVATION & OTH PROJECTS 3973302 3888347 84955 0 STUDENT ACTIVITIES/ ACADEMIC 2463056 2272039 191017 0 5703574 4572366 963606 167602 96745946 81605394 13650956 1489596 X 0 0 27822958 14438924 9740824 9483479 807750 1132671 1743 846 0 0 2667491 2740290 0 0 1607625 1066638 149294999 37821065 92825901 111473934 33212134 38993397 3437788 3862755 2349465 2084129 0 0 0 0 174473679 185277063 7154615 9366882 0 0 4135033 5121482 45278133 42756798 0 0 0 0 993005 643922 0 0 2841846 2857638 60402632 60746722 X 87042284 93846509 14789229 15459906 12239534 15223926 114071047 124530341 174473679 185277063 X 7160548 2978449 320297 X false true X true true true X 6107566 3223114 3522146 12869616 6444618 32167060 0 0 6107566 3223114 3522146 12869616 6444618 32167060 1135024 31032036 618927 243109 992831 1141994 1301277 4298138 23843 23843 543236 694802 706191 704587 870577 3519393 40008434 416124261 0.77564 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11080417 2211041 1790600 346474 122504 14613080 10187201 273970 1021383 324042 78095 11080417 10634361 210941 -214253 295437 148411 10187201 8919277 175610 1916495 295325 81696 10634361 7602890 188691 1127696 8919277 0.03750 0.60160 0.36090 false false 2828479 2828479 109044328 29304942 79739386 386302 148083 238219 9092342 7935527 1156815 27943548 432513 27511035 111473934 0 U.S. GOVERNMENT GRANTS 1665669 LIAB. UNDER TRUST AND ANNUITY 1191969 2857638 X 89429456 2978449 3432599 6411048 83018408 20888086 20888086 103906494 78789025 2256046 2256046 76532979 20212967 20212967 96745946 PART V LINE 4 THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 53 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE FINANCIAL AID FOR STUDENTS, ACADEMIC SUPPORT FOR PROGRAMS AND FACILITIES, AND STUDENT SERVICE PROGRAM SUPPORT. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BASED ON THE POLICIES ADOPTED, THE BOARD OF TRUSTEES MAY APPROVE AND DISTRIBUTE UP TO 5% OF THE VALUE OF THE FUNDS ANNUALLY. THE VALUE OF THE FUNDS IS THE AVERAGE YEAR END VALUE OF THE FUND FOR THE PREVIOUS THREE FISCAL YEARS. PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(a) OF THE CODE. ASC 740, INCOME TAXES, PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. ASC 740 PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITIONS WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF AN EXAMINATION BY THE TAX AUTHORITIES. THE COLLEGE HAS NO EXAMINATION IN PROGRESS AND BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 173,076 SWAP VALUATION $ 69,328 CHANGE IN ALLOWANCE FOR CONTRIBUTIONS RECEIVABLE $ 77,892 FOREIGN ENTITIES $ 3,112,303 ____________ TOTAL $ 3,432,599 PART XI, LINE 4b FINANCIAL AID $20,888,086 PART XII, LINE 4b FINANCIAL AID EXCLUDING FOREIGN ENTITIES $20,212,967 PART XII, LINE 2D FOREIGN ENTITIES $ 2,256,046 true true true true true true true false false false false false false false false true false true PART I, LINE 3 CHAMPLAIN ENDEAVORS TO BE A DIVERSE AND WELCOMING COMMUNITY AND INVITES APPLICATIONS FROM MEMBERS OF ANY GROUP THAT HAS HISTORICALLY BEEN UNDERREPRESENTED. THE COLLEGE ASSURES EQUAL EDUCATION AND EMPLOYMENT OPPORTUNITY AND PROHIBITS DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, SEXUAL ORIENTATION, AGE, OR DISABILITY. THIS POLICY IS INCLUDED IN THE COLLEGE HANDBOOKS, THE HUMAN RESOURCE WEBSITE, JOB POSTINGS, AND APPLICATION FORMS. PART I, LINE 6A THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. true East Asia and the Pacific Program Services STUDY ABROAD 179767 Europe (Including Iceland and Greenland) Program Services FOREIGN CAMPUS INVEST. 719339 North America Program Services FOREIGN CAMPUS INVEST. 1364789 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 349956 Middle East and North Africa Program Services STUDY ABROAD 7000 South America Program Services STUDY ABROAD 7000 North America Grantmaking FINANCIAL AID 9500 East Asia and the Pacific Grantmaking FINANCIAL AID 26225 South Asia Grantmaking FINANCIAL AID 79925 Europe (Including Iceland and Greenland) Grantmaking FINANCIAL AID 75250 Central America and the Caribbean Grantmaking FINANCIAL AID 46562 Middle East and North Africa Grantmaking FINANCIAL AID 58300 Sub-Saharan Africa Grantmaking FINANCIAL AID 19770 2943383 2943383 FINANCIAL AID North America 2 9500 CHECK FINANCIAL AID East Asia and the Pacific 6 26225 CHECK FINANCIAL AID South Asia 2 79925 CHECK FINANCIAL AID Europe (Including Iceland and Greenland) 8 75250 CHECK FINANCIAL AID Central America and the Caribbean 2 46562 CHECK FINANCIAL AID Middle East and North Africa 13 58300 CHECK FINANCIAL AID Sub-Saharan Africa 1 19770 CHECK true false true false false true PART I, LINE 2 THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO STUDENTS WHO ATTEND THE MONTREAL AND DUBLIN CHAMPLAIN ABROAD SITES AS WELL AS STUDENTS WHO ARE ACCEPTED TO PARTICIPATE IN APPROVED STUDY ABROAD PROGRAMS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTRATED FINANCIAL NEED. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ON AN ANNUAL BASIS, ALL FEDERAL FINANCIAL AID IS REVIEWED FOR COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 AND GOVERNMENT AUDITING STANDARDS BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. true INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE 2054 19462678 SEOG FINANCIAL AID 363 308263 INSTITUTIONAL SCHOLARSHIPS - GRADUATE 35 126494 PART I, LINE 2 THE COLLEGE MAINTAINS SEPARATE ACCOUNTS FOR EACH GRANT THAT WE RECEIVE. ON AN ANNUAL BASIS, WE RECEIVE AN AUDIT, IN ACCORDANCE WITH OMB CIRCULAR A-133 AND GOVERNMENT AUDITING STANDARDS. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. CHAMPLAIN OFFERS BOTH MERIT AID AND NEED-BASED AID. MERIT SCHOLARSHIPS ARE RENEWED ANNUALLY PROVIDED THE STUDENT IS ENROLLED FULL-TIME AND MEETS ALL ACADEMIC STANDARDS. NEED-BASED SCHOLARSHIPS ARE RENEWED ANNUALLY BASED ON FINANCIAL NEED; THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM MUST BE COMPLETED IN ORDER TO BE CONSIDERED FOR THESE AWARDS. THE FINANCIAL AID OFFICE MONITORS STUDENTS TO ENSURE CONTINUED ELIGIBILITY FOR THE TYPE OF AID THEY ARE RECEIVING. AT THE END OF EACH SEMESTER (FALL, SPRING, SUMMER), EVERY FINANCIAL AID RECIPIENT'S PROGRESS IS REVIEWED BY THE OFFICE OF FINANCIAL AID. STUDENTS ARE MEASURED USING BOTH QUALITATIVE AND QUANTITATIVE STANDARDS. THE PURPOSE OF THIS REVIEW IS TO MEASURE WHETHER A STUDENT IS MAKING SATISFACTORY ACADEMIC PROGRESS TOWARDS GRADUATION. THESE STANDARDS APPLY TO ALL TYPES OF FINANCIAL AID: FEDERAL, STATE AND INSTITUTIONAL AID. STUDENTS WHO FAIL TO MEET THE SATISFACTORY ACADEMIC PROGRESS REQUIREMENTS MAY BECOME INELIGIBLE TO RECEIVE FINANCIAL AID UNTIL THEY ARE IN COMPLIANCE WITH THESE REQUIREMENTS. PART III, COLUMN (E) THE COLLEGE DIRECTLY CREDITS EACH STUDENTS' ACCOUNT WHO RECEIVES ANY FEDERAL FINANCIAL AID OR OUTSIDE SCHOLARSHIPS. X X X X true true X X X X X true false false false false false false true false DAVID FINNEY PRESIDENT 378554 0 122148 0 37153 0 407318 0 39249 0 984422 0 0 0 DAVID PROVOST SENIOR VICE PRESIDENT 218909 0 75000 0 22267 0 25500 0 17224 0 358900 0 0 0 SHELLEY NAVARI TREASURER 131946 0 25000 0 2092 0 16418 0 8202 0 183658 0 0 0 KATHERINE HAWLEY SECRETARY 110232 0 30000 0 1476 0 17560 0 7041 0 166309 0 0 0 ROBIN ABRAMSON PROVOST 175291 0 40000 0 1937 0 27851 0 19264 0 264343 0 0 0 JAYSON BOYERS VICE PRESIDENT 152076 0 15500 0 4270 0 15939 0 12603 0 200388 0 0 0 MICHELE RICHARDSON VICE PRESIDENT 179549 0 27000 0 3312 0 33500 0 9016 0 252377 0 0 0 IAN MORTIMER VICE PRESIDENT 155693 0 55000 0 1538 0 21867 0 18140 0 252238 0 0 0 LESLIE AVERILL VICE PRESIDENT 149883 0 20000 0 1849 0 17605 0 15399 0 204736 0 0 0 CHUCK MANISCALCO VICE PRESIDENT 148929 0 30000 0 3896 0 15952 0 18204 0 216981 0 0 0 LYNNE BALLARD ASSOCIATE PROVOST 153347 0 0 0 2070 0 23548 0 9320 0 188285 0 0 0 JAMES CROSS ASSOCIATE PROVOST 143217 0 0 0 1984 0 14376 0 2724 0 162301 0 0 0 MARY LEE ASSOCIATE VICE PRESIDENT 136899 0 15000 0 2409 0 15205 0 24147 0 193660 0 0 0 TERESA GADE SENIOR DIRECTOR 60035 0 25000 0 59889 0 6494 0 10502 0 161920 0 0 0 THEODORE LASKARIS ASSOCIATE VICE PRESIDENT 141816 0 0 0 2390 0 14885 0 18124 0 177215 0 0 0 PART I, LINE 1 ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE PRESIDENTS COMPANION SHALL ONLY BE REIMBURSED WHEN EXPENSES ARE INCURRED WHILE CONDUCTING THE BUSINESS OF THE COLLEGE. AS A CONDITION OF EMPLOYMENT, THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THESE AMOUNTS ARE INCLUDED IN COLUMN (D) AS A NON-TAXABLE BENEFIT. THE COLLEGE REIMBURSES THE PRESIDENT FOR MAID SERVICES INCURRED AS PART OF HOSTING EVENTS IN THE PRESIDENTAL RESIDENCE. THESE AMOUNTS ARE INCLUDED IN THE INDIVIDUAL'S W-2. ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE COLLEGE MAY REIMBURSE THE PRESIDENT FOR HEALTH/SOCIAL CLUB DUES, WHICH IS ALSO INCLUDED IN THE INDIVIDUAL'S W-2. PART I, LINE 3 SEE SCHEDULE O PART 1, LINE 4A PURSUANT TO AN AGREEMENT, TERESA GADE RECEIVED A ONE-TIME PAYMENT OF $59,665 UPON SEPARATION FROM THE COLLEGE. SCHEDULE J, PART I, LINE 7 THE BONUSES FOR ALL OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE COMPENSATION COMMITTEE AND ARE DISCRETIONARY. A VEHBFA (SERIES 2009) 237154467 2009-06-09 12000000 CONSTRUCTION false false false B VEHBFA (SERIES 2010A) 237154467 2010-12-13 8971117 REFUND 2003 BONDS false false false C VEHBFA (SERIES 2010B) 237154467 2010-12-13 4000000 CONSTRUCTION false false false D VEHBFA (SERIES 2011) 237154467 2011-12-09 7700000 CONSTRUCTION false false false A 3945958 0 12000000 0 0 0 155000 0 0 11845000 0 0 2011 false false true true B 1379826 0 8971117 0 0 0 0 0 0 0 8971117 0 2004 true false true true C 360981 0 4000000 0 0 0 80000 0 0 3920000 0 0 2011 false false true true D 1027554 0 7700000 0 0 0 120000 0 0 7580000 0 0 2013 false false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false true true false 0 0.00100 0.00100 false false false true C false false false false 0.00000 0.00700 0.00700 false false false true D false false false false 0.00000 0.00000 0.00000 false false false true A false false true false true true TD BANK 10. false false false 0 false true B false false true false true true TD BANK 10. false false false 0 false true C false true false false true true KEYBANK 10. false false false 0 false true D false true false false true true TD BANK 15. false false false 0 false true A true B true C true D true A VEHBFA (SERIES 2012) 237154467 2013-05-29 18000000 CONSTRUCTION false false false A 1200000 0 18000000 4300447 0 0 0 0 0 13699553 0 0 false false true true A false false false false 0.00000 0.00000 0.00000 false false false true A false true false false true true MERCHANTS BANK 15. false false false 0 false true A true Lynn Ballard ASSOCIATE PROVOST Computer Loan X 1693 846 false false true 846 JANITECH OWNER OF COMPANY- TRUSTEE 464621 CUSTODIAL SERVICES false HICKOK AND BOARDMAN OWNED BY FM OF TRUSTEE 881450 INSURANCE false PART IV HICKOK AND BOARDMAN IS THE COLLEGE'S INSURANCE BROKER. THE COSTS INCLUDED IN COLUMN (C) PRIMARILY REFLECT INSURANCE PREMIUMS WHILE A SMALL PORTION RELATE TO ADVISORY SERVICES FOR THE COLLEGE'S RETIREMENT PLAN. ALL TRANSACTIONS OCCURRED AT ARMS LENGTH. X 24 269527 FAIR MARKET VALUE false true false PART I, COLUMN (B) AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I AND III LINE 1 CHAMPLAIN COLLEGE ENDEAVORS TO BE A LEADER IN EDUCATING TODAY'S STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND ENGAGED GLOBAL CITIZENS. CHAMPLAIN'S AGILE AND ENTREPRENEURIAL APPROACH TO HIGHER EDUCATION UNIQUELY BLENDS TECHNOLOGY LEADERSHIP, MARKET SAVVY, INNOVATION AND FISCAL RESPONSIBILITY WITH A COMMITMENT TO LIBERAL LEARNING, COMMUNITY INVOLVMENT AND "THE HUMAN TOUCH." THIS DISTINCTIVE APPROACH PERMEATES THE DELIVERY OF RELEVANT, RIGOROUS STUDENT-CENTERED PROGRAMS IN BUSINESS, ARTS, APPLIED TECHNOLOGY, AND PUBLIC SERVICE. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATE DIRECTOR OF FINANCE AT THE COLLEGE IS RESPONSIBLE FOR GATHERING AND DRAFTING THE INFORMATION TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT ACCOUNTANTS. ONCE THE DRAFT IS COMPLETED IT IS REVIEWED BY THE TREASURER WHO GOES THROUGH THE FORM 990 IN DETAIL WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND MAKES A MOTION TO APPROVE AND BRING FORWARD THE FORM 990 TO THE FULL BOARD OF TRUSTEES. AFTER AUDIT COMMITTEE APPROVAL, THE COLLEGE ELECTRONICALLY DISTRIBUTES, VIA THE BOARD BOOK, A COMPLETE COPY OF ITS FORM 990 TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A STATEMENT OF POLICY REGARDING CONFLICT OF INTEREST FOR THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES. ATTACHED TO THE CONFLICT OF INTEREST STATEMENT IS A SCHEDULE OF ALL TRUSTEE, OFFICER AND/OR KEY EMPLOYEES OF THE COLLEGE, AND INDIVIDUALS AND ENTITIES WHO HAVE OR HAVE HAD KEY BUSINESS RELATIONSHIPS WITH THE COLLEGE (E.G., INVESTMENT MANAGERS, LENDERS, OTHER FINANCIAL INSTITUTIONS, KEY VENDORS PROVIDING EITHER GOODS OR SERVICES TO THE COLLEGE.) ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD MUST REVIEW THE SCHEDULE AND COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF ANY CONFLICT OF INTEREST EXISTS BY A VOTING MEMBER OF THE COMMITTEE OR BOARD OF TRUSTEES, THEY SHALL NOT BE ALLOWED TO VOTE ON ANY SUCH MATTER PERTAINING TO CONFLICT. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE NOT VOTING. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE COMPENSATION COMMITTEE (THE COMMITTEE) WILL ANNUALLY REVIEW THE REASONABLENESS OF COMPENSATION LEVELS OF ALL KEY EMPLOYEES ON A POSITION-BY-POSITION BASIS. THE COMMITTEE IS INDEPENDENT AND FREE FROM CONFLICT OF INTEREST. THE COMMITTEE REVIEWS THE NATURE AND SCOPE OF EACH POSITION AND ASSESSES THE BASIS FOR WHICH COMPENSATION IS TO BE PAID TO THE INDIVIDUAL. THE COMMITTEE DETERMINES COMPENSATION FOR ALL KEY EMPLOYEES, EXCEPT THE PRESIDENT, UPON RECEIPT OF WRITTEN PERFORMANCE REVIEWS AND "VALID MARKET DATA". THE PRESIDENT REVIEWS EACH KEY EMPLOYEE'S PERFORMANCE FOR THE PRIOR YEAR AND SUBMITS A COMPENSATION RECOMMENDATION TO THE COMMITTEE BASED ON A COMBINATION OF "VALID MARKET DATA" AND INDIVIDUAL PERFORMANCE. "VALID MARKET DATA" IS DETERMINED USING THE FOLLOWING METHOD: 1.1 DETERMINE THE LIST OF OVERLAP INSTITUTIONS - IDENTIFY OTHER PRIVATE COLLEGES THAT HAVE A HIGH NUMBER OF APPLICANT OVERLAPS WITH CHAMPLAIN. THIS DATA IS FROM THE NATIONAL STUDENT CLEARINGHOUSE, WHICH TRACKS THE COLLEGES TO WHICH STUDENTS APPLY AND ULTIMATELY CHOOSE TO ATTEND. 1.2 USING IRS TAX RETURN DATA (VIA GUIDESTAR), FIND THE MOST RECENT REPORT IDENTIFYING THE MOST HIGHLY COMPENSATED EMPLOYEES AT OVERLAP INSTITUTIONS. 1.3 ADJUST THE REPORTED SALARIES AND BENEFITS BY A PERCENTAGE TO MAKE THEM ROUGHLY COMPARABLE TO CURRENT SALARY DATA. THIS INFLATION FACTOR IS DERIVED FROM NATIONALLY REPORTED HIGHER EDUCATION AVERAGE PAY HIKES IN PAST YEARS. BOTH THE BASE YEAR COMPENSATION, AS WELL AS THE ADJUSTED SALARY, ARE REPORTED BACK TO THE COMMITTEE. 1.4 PROVIDE THE COMMITTEE WITH COMPARISONS OF CHAMPLAIN SALARY AND BENEFITS TO OVERLAP OTHER INSTIUTIONS ON A POSITION-BY-POSITION BASIS NARRATIVE INFORMATION WILL BE PROVIDED, IF SIMLIARLY TITLED POSITIONS AT OTHER INSTITUTIONS ARE KNOWN TO DIFFER IN SCOPE OF RESPONSIBILITY. THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT. THIS REVIEW, COMBINED WITH THE "VALID MARKET DATA" DESCRIBED ABOVE, IS DISCUSSED AND CONSIDERED BY THE COMMITTEE WHEN ARRIVING AT THE PRESIDENT'S ANNUAL COMPENSATION PACKAGE. THE DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF EACH MEETING. THE COMPENSATION PROCEDURES OF THE COLLEGE MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. FORM 990 PART XI LINEs 8 & 9: Line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 173,076 SWAP VALUATION 69,328 CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS 77,893 ___________ Total 320,297 FORM 990, PART VI, SECTION A, LINE 9 IAN MORTIMER 4245 EAST AVENUE ROCHESTER, NY 14618 FORM 990, PART X, LINES 11 A& 12 IN FY13 THERE WAS NO BREAKOUT AT THE END OF THE YEAR BETWEEN PUBLICLY TRADED AND "OTHER" SECURITIES ON LINES 11 AND 12 OF THE BALANCE SHEET. HOWEVER, BECAUSE THIS DETAIL IS PROVIDED AT THE END OF THE YEAR FOR FY14, THIS INFORMATION IS ALSO BROKEN OUT AT BEGINNING OF THE YEAR FOR COMPARATIVE PURPOSES. COLLEGE CHAMPLAIN DU VERMONT 525 SHERBROOK STREET EAST MONTREAL QUEBEC CA 999999999 EDUCATIONAL CA 501(c)3 2 CHAMPLAIN true CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN IRELAND EI 999999999 EDUCATIONAL EI CHAMPLAIN C CORP 38077 43632 1.00000 true CHARITABLE REMAINDER TRUSTS (9) CHARITABLE TR VT NA TRUST false false false false true false false false false false false false false false false false false true false COLLEGE CHAMPLAIN DU VERMONT d 1519718 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED d 869188 FMV COLLEGE CHAMPLAIN DU VERMONT r 620680 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED r 1191938 FMV