2014-05-12T13:55:02-05:00 2013-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2012-07-01 010215213 BOWDOIN COLLEGE % MATTHEW P ORLANDO BOWD 2077253804 5400 COLLEGE STATION Suite BRUNSWICK ME 040118445 MATTHEW ORLANDO 2077253804 2014-05-12 true 6179881000 2012 2015-11-30 17:44:51Z BARRY MILLS 5400 COLLEGE STATION BRUNSWICK ME 040118445 577125000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE SEE SCHEDULE O 45 42 2957 1769 -3068000 -4083423 27455000 44596000 103186000 107084000 41362000 79823000 5000 12000 172008000 231515000 29651000 31366000 0 0 81385000 83787000 66000 40000 6379000 50926000 57981000 162028000 173174000 9980000 58341000 1291942000 1559469000 213357000 341176000 1078585000 1218293000 X *SEE SCHEDULE O* false false 151286000 31366000 107084000 THE ON-CAMPUS STUDENT BODY NUMBERS APPROXIMATELY 1,834. AN ESTIMATED 122 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 2013, 37,914 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 29,711 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 151286000 true true false true false false false true true true true true false false true true true false true true true false true true true false false true true true true false true false false false false true false true true true true false false true true true true false false true 465 0 true 2957 true true true false false false false true true false false false false X 45 42 false false false false false false false true true false false false true true true true true true true false ME X MATTHEW P ORLANDO 2077253804 5400 COLLEGE STATION BRUNSWICK ME 040118445 STEPHEN F GORMLEY 4.0 X X 0 0 0 DAVID P WHEELER 4.0 X X 0 0 0 STEWART BAINUM JR 4.0 X 0 0 0 DEBORAH JENSEN BARKER 4.0 X 0 0 0 ARTHUR E BLACK 4.0 X 0 0 0 GREGORY B BOWES 4.0 X 0 0 0 RONALD C BRADY 4.0 X 0 0 0 DAVID G BROWN 4.0 X 0 0 0 WILLIAM E CHAPMAN II 4.0 X 0 0 0 LEONARD W COTTON 4.0 X 0 0 0 MICHELE G CYR 4.0 X 0 0 0 JEFF D EMERSON 4.0 X 0 0 0 JOHN A GIBBONS JR 4.0 X 0 0 0 DONALD A GOLDSMITH 4.0 X 0 0 0 BRADFORD A HUNTER 4.0 X 0 0 0 DENNIS J HUTCHINSON 4.0 X 0 0 0 TASHA VAN DER LINDE IRVING 4.0 X 0 0 0 ANN HEMBELTON KENYON 4.0 X 0 0 0 GREGORY E KERR 4.0 X 0 0 0 GEORGE A KHALDUN 4.0 X 0 0 0 JAMES W MACALLEN 4.0 X 0 0 0 JOHN F MCQUILLAN 4.0 X 0 0 0 HENRY T A MONIZ 4.0 X 0 0 0 DAVID A MORALES 4.0 X 0 0 0 TAMARA A NIKURADSE 4.0 X 0 0 0 SCOTT B PERPER 4.0 X 0 0 0 KATHLEEN K PHILLIPS 4.0 X 0 0 0 JANE L PINCHIN 4.0 X 0 0 0 MARY HOGAN PREUSSE 4.0 X 0 0 0 ABIGAIL MARR PSYHOGEOS 4.0 X 0 0 0 LINDA HORVITZ ROTH 4.0 X 0 0 0 DAVID J ROUX 4.0 X 0 0 0 GEOFFREY CLAFLIN RUSACK 4.0 X 0 0 0 H ALLEN RYAN 4.0 X 0 0 0 JOAN BENOIT SAMUELSON 4.0 X 0 0 0 D ELLEN SHUMAN 4.0 X 0 0 0 PETER M SMALL 4.0 X 0 0 0 JAMES E STALEY 4.0 X 0 0 0 SHELDON M STONE 4.0 X 0 0 0 JOHN J STUDZINSKI 4.0 X 0 0 0 JOHN K THORNDIKE 4.0 X 0 0 0 KAREN N WALKER 4.0 X 0 0 0 PAULA M WARDYNSKI 4.0 X 0 0 0 ROBERT F WHITE 4.0 X 0 0 0 BARRY MILLS 40.0 X X 413029 0 88126 SCATHERINE LONGLEY 40.0 X 259396 0 62466 PAULA VOLENT 40.0 X 1212568 0 54951 WILLIAM A TORREY III 40.0 X 342900 0 22409 KELLY KERNER 40.0 X 319835 0 21715 CRISTLE COLLINS JUDD 40.0 X 222550 0 55742 SCOTT MEIKLEJOHN 40.0 X 193366 0 36724 MITCHEL DAVIS 40.0 X 176035 0 43774 TIMOTHY FOSTER 40.0 X 171465 0 46186 JANE DIETZE 40.0 X 225448 0 18686 JEFFREY WARD 40.0 X 215720 0 29272 PATSY DICKINSON 40.0 X 205542 0 66550 ANDREW MAY 40.0 X 171649 0 17912 MARK WETHLI 40.0 X 167975 0 42880 4297478 0 607393 106 false true false EBSCO PO BOX 830625 BIRMINGHAM AL 35283 SUBSCRIPTION SERVICE 759971 ANTHEM BLUE CROSS BLUE SHIELD 3350 PEACHTREE ROAD ATLANTA GA 30326 ADMIN. SERVICE 561793 MB MECHANCIAL CONTRACTORS INC 66 COVE ST PORTLAND ME 04101 CONSTRUCTION 497906 LYRASIS PO BOX 116179 ATLANTA GA 30368 SUBSCRIPTION SERVICE 479642 COUNTRY FARE PO BOX 66 BOWDOINHAM ME 04008 LANDSCAPE SERVICES 357417 39 29000 7000 4366000 40194000 1519000 44596000 TUITION & FEES 611710 81219000 81219000 ROOM & BOARD 611710 20329000 20329000 AUXILIARY ENTERPRISES 611710 4815000 4097000 718000 TRUST INCOME 611710 721000 721000 107084000 9571000 -4077000 13648000 0 10000 10000 0 0 0 0 0 415278000 565000 345345000 246000 69933000 319000 70252000 291000 69961000 21000 7000 19000 2000 2000 0 0 0 0 0 231515000 106366000 -3068000 83621000 177000 177000 30975000 30975000 214000 214000 0 4392000 2063000 1923000 406000 214000 44000 170000 60086000 51459000 5358000 3269000 5917000 5055000 515000 347000 8749000 7512000 744000 493000 4429000 3700000 460000 269000 0 351000 351000 341000 341000 6900 6900 40000 40000 425000 425000 4594000 3896000 614000 84000 113000 78000 35000 4868000 3977000 305000 586000 2515000 1566000 947000 2000 0 6608000 5148000 1460000 3297000 2792000 157000 348000 0 1071000 725000 38000 308000 12188000 11457000 731000 0 9540000 8968000 572000 748000 643000 105000 PURCHASES FOR RESALE 4027000 4027000 LIBRARY MATERIALS 2421000 2421000 FACILITIES MAINT. & REPAIR 2565000 2411000 154000 EQP RENTAL,MAINT. & REPAIR 970000 824000 131000 15000 1332100 1154000 136100 42000 173174000 151286000 15509000 6379000 0 0 24104000 66875000 11907000 12441000 2610000 2751000 2000 0 0 0 5649000 4997000 1607000 1550000 4628000 4241000 385895000 134149000 244622000 251746000 56913000 73184000 921326000 1121541000 0 0 0 0 18574000 20143000 1291942000 1559469000 14779000 20893000 4208000 4208000 1315000 1331000 137107000 117537000 399000 311000 0 0 18171000 14652000 0 0 37378000 182244000 213357000 341176000 X 162250000 172230000 502773000 605872000 413562000 440191000 1078585000 1218293000 1291942000 1559469000 X 58341000 75862000 5505000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 6900 6900 LOBBYING ACTIVITIES PART II-B, LINE 1I THE ORGANIZATION PAYS MEMBERSHIP DUES TO MAINE INDEPENDENT COLLEGE ASSOCIATION WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X false false true X 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 831460000 36977000 -145580000 13494000 18866000 2113000 688384000 0.07600 0.39400 0.53000 false false 4646000 4646000 325917000 99276000 226641000 415000 290000 125000 28986000 25866000 3120000 25931000 8717000 17214000 251746000 EQUITIES 256168000 F FIXED INCOME 16071000 F ABSOLUTE RETURN 453710000 F ALTERNATIVE INVESTMENTS 395592000 F 1121541000 0 LIABILITY: POST-RETIREMENT BENEFIT 13838000 ASSET RETIREMENT OBLIGATION 1332000 LIABILITY FOR PV OF LIFE INCOME 13679000 FAIR VALUE OF INTEREST RATE SWAP 5247000 TAXABLE BOND LIABILITIES 148148000 182244000 X 309276000 75862000 5505000 81367000 227909000 3625000 -19000 3606000 231515000 169568000 19000 19000 169549000 3625000 3625000 173174000 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: $294,000; SECURITY DEPOSITS ON RENTAL PROPERTIES: $17,000 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 GAIN ON INTEREST RATE SWAP $2,855,000 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST $1,209,000 NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $1,241,000 LAND CONVEYANCE FROM FORMER NAVAL AIR STATION $ 200,000 ---------- TOTAL $5,505,000 OTHER REVENUE INCLUDED ON FORM 990 NOT IN F/S PART XI, LINE 4B DIRECT EXPENSES FOR FUNDRAISING EVENTS ($19,000) OTHER EXPENSES INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XII, LINE 2D DIRECT EXPENSES FOR FUNDRAISING EVENTS $19,000 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 Central America and the Caribbean Grantmaking 2000 East Asia and the Pacific Grantmaking 50000 Europe (Including Iceland and Greenland) Grantmaking 142000 North America Grantmaking 8000 South Asia Grantmaking 8000 Sub-Saharan Africa Grantmaking 4000 Central America and the Caribbean Investments 583526000 Europe (Including Iceland and Greenland) Investments 9323000 Sub-Saharan Africa Investments 12211000 Europe (Including Iceland and Greenland) Fundraising 44000 Central America and the Caribbean Program Services SEE PART V 2000 East Asia and the Pacific Program Services SEE PART V 13000 Europe (Including Iceland and Greenland) Program Services SEE PART V 85000 Middle East and North Africa Program Services SEE PART V 3000 North America Program Services SEE PART V 18000 North America 1 1 Program Services SCIENTIFIC STATION 32000 South America Program Services SEE PART V 14000 South Asia Program Services SEE PART V 5000 Sub-Saharan Africa Program Services SEE PART V 3000 1 1 1 1 605485000 8000 605493000 FINANCIAL AID Central America and the Caribbean 1 2000 WIRE TRANSF. FINANCIAL AID East Asia and the Pacific 5 50000 WIRE TRANSF. FINANCIAL AID Europe (Including Iceland and Greenland) 9 142000 WIRE TRANSF. FINANCIAL AID North America 1 8000 WIRE TRANSF. FINANCIAL AID South Asia 1 8000 WIRE TRANSF. FINANCIAL AID Sub-Saharan Africa 2 4000 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 FASFA 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 SERVICE ACTIVITY IN #11-15, 17 AND #1 - 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. X X X X X X X true KENNETH P HORSBURGH JR SEE PART IV false 40000 -40000 40000 -40000 ME NY OH GOLF TOURNEY 14000 2000 12000 3000 3000 4000 TLK SCHLRSHIP 14000 5000 9000 3000 3000 3000 0 28000 7000 21000 3000 6000 7000 3000 19000 2000 FUNDRAISING SERVICES PART I, LINE 2B, COLUMN (II) KENNETH P. HORSBURGH, JR. FUNDRAISING ACTIVITY: PROSPECT DEVELOPMENT, PROSPECT MANAGEMENT AND INDIVIDUAL PROSPECT SOLICITATION. PART I, LINE 2B, COLUMN (V) KENNETH HORSBURGH RECEIVES REIMBURSEMENT FOR OUT OF POCKET EXPENSES. THE TOTAL REPORTED IN COLUMN (V) INCLUDES PAYMENT FOR CONTRACTED SERVICES AND REIMBURSEMENT FOR OUT OF POCKET EXPENSES. FUNDRAISING EXPENSES WERE $9,000 OF THE $40,000 PAID TO KENNETH HORSBURGH. INVOICES DISTINGUISHED BETWEEN FEES AND EXPENSES AND WERE BILLED TO THE COLLEGE MONTHLY. true TOWN OF BRUNSWICK 28 FEDERAL ST BRUNSWICK ME 04011 999999999 GOV'T 99000 CONTRIBUTION UNITED WAY OF MID COAST MAINE 34 WING FARM BATH ME 04530 016004866 501(C)(3) 15000 CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(C)(3) 10000 CONTRIBUTION COASTAL TRANS INC 46 SUMMER STREET ROCKLAND ME 04841 222571406 501(C)(3) 10000 CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 8800 CONTRIBUTION 5 0 FINANCIAL AID FOR UNDERGRADUATE STUDENTS 848 29311000 STUDENT RESEARCH FELLOWSHIPS 442 1082000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 67 395000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 204 187000 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 OF DEVELOPMENT AND ALUMNI RELATIONS AND 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. 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. X X X true true X X X X true false false false false false false true false BARRY MILLS 406580 0 0 0 6449 0 38423 0 49703 0 501155 0 0 0 SCATHERINE LONGLEY 255494 0 0 0 3902 0 38883 0 23583 0 321862 0 0 0 PAULA VOLENT 603440 0 605000 0 4128 0 38234 0 16717 0 1267519 0 0 0 WILLIAM A TORREY III 177364 0 0 0 165536 0 2237 0 20172 0 365309 0 0 0 KELLY KERNER 303430 0 0 0 16405 0 0 0 21715 0 341550 0 0 0 CRISTLE COLLINS JUDD 220480 0 0 0 2070 0 34611 0 21131 0 278292 0 0 0 SCOTT MEIKLEJOHN 187605 0 0 0 5761 0 28131 0 8593 0 230090 0 0 0 MITCHEL DAVIS 174448 0 0 0 1587 0 26494 0 17280 0 219809 0 0 0 TIMOTHY FOSTER 170905 0 0 0 560 0 23148 0 23038 0 217651 0 0 0 JANE DIETZE 224788 0 0 0 660 0 0 0 18686 0 244134 0 0 0 JEFFREY WARD 87332 0 0 0 128388 0 13506 0 15766 0 244992 0 0 0 PATSY DICKINSON 203404 0 0 0 2138 0 31617 0 34933 0 272092 0 0 0 ANDREW MAY 135180 0 15000 0 21469 0 0 0 17912 0 189561 0 0 0 MARK WETHLI 164613 0 0 0 3362 0 23059 0 19821 0 210855 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. SEVERANCE OR CHANGE OF CONTROL PAYMENTS PART I, LINE 4A WILLIAM TORREY RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $122,500. JEFFREY WARD RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $126,167. 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 V 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 463166 92368655 875830 0 0 3499599 0 0 2012 true true true true B 0 0 20700000 0 0 20500000 200000 0 0 0 0 0 2009 true false true true A false true false false 0.00400 0.00300 0.00700 false false false true B false true false false 0.00000 0.00000 0.00000 false false false true A false true false false 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 7/24/04, 2005A ISSUED 8/17/05, 2006B ISSUED 4/6/06. REBATE COMPUTATION PART IV, LINE 2C, BOND ISSUE B REBATE COMPUTATION DATE 4/29/13. 0 NA N/A 5178 SCHOLARSHIP BENEFIT OAKTREE CAPITAL MANAGEMENT SEE PART V 15000000 SEE PART V false BLUEMOUNTAIN CAPITAL MANAGEMENT SEE PART V 10000000 SEE PART V false MAINE EMPLOYERS MUTUAL INSURANCE OFFICER - C. LONGLEY 325936 PURCHASE OF INSURANCE false UNITED EDUCATORS OFFICER - C. LONGLEY 248561 PURCHASE OF INSURANCE false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE - W. TORREY 170000 COMPENSATION false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE - T. FOSTER 44000 COMPENSATION false BUSINESS TRANSACTIONS PART IV (1) OAKTREE CAPITAL MANAGEMENT: COLUMN (B) BOWDOIN TRUSTEE AND OCM FOUNDING PRINCIPAL AND BOARD MEMBER COLUMN (D) CAPITAL CONTRIBUTIONS $15,000,000 WHICH INCLUDED $121,129 IN MANAGEMENT FEES. (2) BLUEMOUNTAIN CAPITAL MANAGEMENT: COLUMN (B) BOWDOIN TRUSTEE AND BLUEMOUNTAIN CAPITAL MANAGEMENT MANAGING PARTNER COLUMN (D) CAPITAL CONTRIBUTIONS 10,000,000 WHICH INCLUDED $51,162 IN MANAGEMENT FEES. X 451 X 0 X 183 1446000 SEE PART II X 1 58000 SEE PART II X OTHER 1 15000 SEE PART II 16 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. NON-CASH CONTRIBUTIONS PART I, LINE 9 176 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 7 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. PART I, LINE 10 1 GIFT OF CLOSELY HELD STOCK WAS BASED ON AN APPRAISAL. OTHER PART I, LINE 25 THE COLLEGE RECEIVED A GIFT OF MINERAL RIGHTS. VALUATION BASED ON 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 B, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS CORE FORM 990, PART XI, LINE 9 NET UNREALIZED GAIN ON INTEREST RATE SWAP $2,855,000 NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $1,241,000 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST $1,209,000 LAND CONVEYANCE FROM FORMER NAVAL AIR STATION $ 200,000 ---------- TOTAL $5,505,000 POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME -1633863 63575789 BOWDOIN BOWDOIN COLLEGE TRUST JP MORGAN CHASE BANK CHICAGO IL 606062300 136098631 INVESTING ME 501(c)(3) 11D, III-O BOWDOIN true JFP CHARITABLE TRUST PO BOX 1802 PROVIDENCE RI 029011802 056007859 INVESTING RI 501(c)(3) PF NA true AW TRUST PO BOX 1802 PROVIDENCE RI 029011802 046024611 INVESTING MA 4947(A)(1) PF NA true TP PARTNERSHIP PO BOX 770 ASHLAND KY 41105 550648835 INVESTING KY NA EXCLUDED 512,513,514 -59443 50715 false 0 true 0.56000 POOLED INCOME FUNDS (3) INVESTING BOWDOIN TRUST true CHARITABLE REMAINDER TRUSTS(6) INVESTING BOWDOIN TRUST true false false false false false false false false false false false false false false false false false true BOWDOIN COLLEGE TRUST S 112549 FMV JFP CHARITABLE TRUST S 68269 FMV A W TRUST S 52099 FMV CHARITABLE REMAINDER TRUSTS DOMICILED PART IV THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 6 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 4 ARE DOMICILED IN MAINE, 1 IN CONNECTICUT AND 1 IN MASSACHUSETTS.