2014-05-14T08:48:51-05:00 2013-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2012-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED % SHELLEY NAVARI CHAM 8028602700 163 SOUTH WILLARD STREET Suite BURLINGTON VT 05401 Shelley Navari 8028602700 2014-05-08 true Mary-Evelyn Antonetti 8605223200 2012 2015-11-30 17:44:51Z SHELLEY L NAVARI 163 SOUTH WILLARD STREET BURLINGTON VT 05401 107197884 false X WWW.CHAMPLAIN.EDU X 1878 VT CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND GLOBAL CITIZENS. 28 27 1635 29 484855 3522146 12869616 81885305 86386878 878659 1338777 1141197 1189442 87427307 101784713 12650810 15753143 0 0 37844295 37390536 0 0 1588046 33071412 33389330 83566517 86533009 3860790 15251704 140712114 174473679 45785295 60402632 94926819 114071047 X CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS, AND GLOBAL CITIZENS. false false 47327738 15563907 59187711 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. 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. 16807363 14702346 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). 7651991 189236 12496821 GRADUATE AND CONTINUING PROFESSIONAL STUDIES- THE COLLEGE HAS NINE GRADUATE PROGRAMS, OFFERING MASTER DEGREES IN BUSINESS ADMINISTRATION, EMERGENT MEDIA, DIGITAL FORENSIC MANAGEMENT, DIGITAL FORENSIC SCIENCE, MANGING INNOVATION & IT, MEDIATION & APPLIED CONFLICT STUDIES, LAW, HEALTHCARE MANAGEMENT, AND EARLY CHILDHOOD EDUCATION. A SHANGHAI MASTERS OF SCIENCE IN EMERGENT MEDIA BEGAN IN THE FALL OF FY14. THE COLLEGE ALSO HAS A PROSPERING DIVISION OF CONTINUING PROFESSIONAL STUDIES. THAT FOLLOWS IN CHAMPLAIN'S TRADITION OF PARTNERING WITH BUSINESS AND INDUSTRY LEADERS, PROVIDING THE STUDENTS WITH EVEN MORE CAREER-ENHANCING EDUCATIONAL CHOICES IN SOME OF TODAY'S GROWING FIELDS. PROGRAMS OFFERED THROUGH THE DIVISION OF CONTINUING PROFESSIONAL STUDIES INCLUDE THE TRU-ED PROGRAM AND THE CENTER FOR PROFESSIONAL AND EXECUTIVE DEVELOPMENT. THE COLLEGE HAS PARTNERED WITH EMPLOYERS THROUGH TRU-ED TO PROVIDE HIGH-QUALITY, IN-DEMAND ONLINE EDUCATION THROUGH A SUBSCRIPTION MODEL TO EMPLOYERS FOR THE BENEFIT OF THEIR EMPLOYEES. CHAMPLAIN'S CENTER FOR PROFESSIONAL AND EXECUTIVE DEVELOPMENT OFFERS MANAGEMENT AND LEADERSHIP DEVELOPMENT PROGRAMS TO BUILD AN ORGANIZATION'S CAPACITY AND COMPETITIVENESS. 71787092 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 166 0 true 1635 true true true true CA EI false false false false false false false false X 28 27 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 1.0 X 0 0 0 ROBERT BOTJER 1.0 X GEORGE BURILL 1.0 X DAWN BUGBEE 1.0 X SCOTT CARPENTER 1.0 X JEFFREY CROWE 1.0 X TOM CULLINS 1.0 X LAURA DAGAN 1.0 X MOLLY DILLON 1.0 X HEATHER DWIGHT 1.0 X MARY EVSLIN 1.0 X JAMES FOSTER 1.0 X JOAN GIGNOUX 1.0 X CHARLES KITTREDGE 1.0 X SUSAN LAMASTER 1.0 X NEALE LUNDERVILLE 1.0 X DALE METZ 1.0 X MICHAEL METZ 1.0 X EMILY MORROW 1.0 X MARK NEAGLEY 1.0 X JUDY O'CONNELL 1.0 X MARY POWELL 1.0 X PETER STERN 1.0 X MICHAEL SULLIVAN 1.0 X RICH TARRANT 1.0 X DAWN TERRILL 1.0 X SARAH TISCHLER 1.0 X LEANDRO VAZQUEZ 1.0 X LISA VENTRISS 1.0 X DAVID FINNEY 40.0 X X 517411 202116 DAVID PROVOST 40.0 X 277006 43711 SHELLEY NAVARI 40.0 X 143860 22937 KATHERINE HAWLEY 40.0 X 127612 19102 ROBIN ABRAMSON 40.0 X 213117 45745 MARY KAY KENNEDY 40.0 X 198189 50798 MICHELE RICHARDSON 40.0 X 186420 48957 IAN MORTIMER 40.0 X 208010 40389 LESLIE AVERILL 40.0 X 147627 29717 CHUCK MANISCALCO 40.0 X 177023 26354 LYNNE BALLARD 40.0 X 147174 31175 JAMES CROSS 40.0 X 141449 14053 EDNA COMEDY 40.0 X 134808 8328 DAVID STRUBLER 40.0 X 149469 32009 ELIZABETH BEAULIEU 40.0 X 136310 21766 2905485 0 637157 44 false true false JANITECH 76 ETHAN ALLEN DRIVE SOUTH BURLINGTON VT 05403 CUSTODIAL 498708 CBMVT LLC PO BOX 3417 BURLINGTON VT 05408 CUSTODIAL 522360 CBT INC 110 CANAL STREET BOSTON VT 02114 ARCHITECT 722901 REGISTRY FOR COLLEGE UNIVERSITY 3 CENTENNIAL DRIVE PEABODY VT 01960 CONSULTANT 404401 BRANDTHROPOLOGY INC 266 PINE STREET STE 5 BURLINGTON VT 05401 ADVERTISING 468697 13 1265432 11604184 1198511 12869616 TUITION & FEES 611710 71684532 71684532 DORMITORY AND DINING FEES 721310 14638429 14638429 BOOKSTORE RECEIPTS 451211 63917 63917 86386878 1141994 1141994 0 0 0 0 0 5609954 5413171 196783 196783 196783 0 0 0 CONFERENCE & EVENT CENTER 722210 663186 484855 178331 PARKING FEES 480000 116398 116398 OTHER INCOME 900099 409858 409858 1189442 101784713 86386878 484855 2043364 0 15641093 15641093 112050 112050 0 2705033 1017762 1256060 431211 0 26894264 22052275 4114529 727460 2236142 1886755 314513 34874 3503378 2792738 590765 119875 2051719 1637367 341731 72621 0 133788 133788 127850 127850 0 0 124194 124194 692048 684895 7153 1244894 634663 610231 1667745 882789 743486 41470 1382037 18054 1363983 0 7419709 7419709 789672 548234 202836 38602 0 0 1340889 1167827 173062 0 4098078 3151422 946656 888273 539621 348652 CONTRACTUAL SERVICES 1681444 1454689 210602 16153 MEAL EXPENSES 2381728 2381728 RENOVATION & OTH PROJECTS 2623593 2418761 204832 ACADEMIC SUPPORT 2355779 2147934 207845 4437609 3196726 1142256 98627 86533009 71787092 13157871 1588046 0 0 13896401 27822958 2456664 9740824 1099095 807750 918 1743 0 0 2642122 2667491 0 0 1446810 1607625 126515342 33689441 89874255 92825901 29295849 36649922 0 0 0 2349465 0 0 0 0 140712114 174473679 7245754 7154615 0 0 4379832 4135033 30562280 45278133 0 0 0 0 1330318 993005 0 0 2267111 2841846 45785295 60402632 X 77264198 87042284 11216218 14789229 6446403 12239534 94926819 114071047 140712114 174473679 X 15251704 1207766 1639761 1044997 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10187201 273970 1021383 324042 78095 11080417 10634361 210941 -214253 295437 148411 10187201 8919277 175610 1916495 295325 81696 10634361 7602890 188691 1127696 8919277 8923988 212788 -1533886 7602890 0.04464 0.59389 0.36147 false false 2828479 2828479 107483570 26260903 81222667 386302 70822 315480 8860426 7012111 1848315 6956565 345605 6610960 92825901 0 U.S. GOVERNMENT GRANTS 1665669 LIABILITIES UNDER TRUST AND ANNUITY 1176177 2841846 X 90958234 1207766 -12034245 -10826479 101784713 101784713 74065528 3285662 3285662 70779866 15753143 15753143 86533009 ENDOWMENT FUNDS PART V LINE 4 THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 51 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. FIN 48 (ASC740) 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. REVENUE IN FINANCIAL STATEMENTS NOT ON RETURN PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 513,283 SWAP VALUATION $ 1,137,637 CHANGE IN ALLOWANCE FOR CONTRIBUTIONS RECEIVABLE $ (605,923) FINANCIAL AID $ (16,367,812) FOREIGN ENTITIES $ 3,288,570 ____________ TOTAL $ (12,034,245) EXPENSES IN RETURN NOT IN FINANCIAL STATEMENTS PART XII, LINE 4b FINANCIAL AID EXCLUDING FOREIGN ENTITIES $15,753,143 EXPENSES IN FINANCIAL STATEMENTS NOT IN RETURN PART XII, LINE 2D FOREIGN ENTITIES $3,285,662 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY PART I, LINE 3 CHAMPLAIN ENDEAVORS TO BE A DIVERSE AND WELCOMING COMMUNITY AND INVITE 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. FINANCIAL AID 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 187539 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 389981 South America Program Services STUDY ABROAD 9745 Central America and the Caribbean Program Services STUDY ABROAD 18790 Europe (Including Iceland and Greenland) Program Services FOREIGN CAMPUS INVEST. 837890 North America Program Services FOREIGN CAMPUS INVEST. 1511574 2955519 2955519 FINANCIAL AID North America 11 23150 CHECK FINANCIAL AID South America 1 1500 CHECK FINANCIAL AID Europe (Including Iceland and Greenland) 27 82775 CHECK FINANCIAL AID Central America and the Caribbean 2 4625 CHECK true false true false false true MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. 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 2029 15149211 SEOG FINANCIAL AID 354 308263 INSTITUTIONAL SCHOLARSHIPS - GRADUATE 28 183619 MONITORING THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 THE COLLEGE MAINTAINS SEPARATE ACCOUNTS FOR EACH OF OUR GRANTS 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 OUR 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. 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. MANNER OF CASH DISBURSEMENT 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 true false false false false false false true false DAVID FINNEY 367289 119368 30754 163003 39113 719527 DAVID PROVOST 207126 52800 17080 26614 17097 320717 SHELLEY NAVARI 129390 13000 1470 14935 8002 166797 ROBIN ABRAMSON 170364 40500 2253 27206 18539 258862 MARY KAY KENNEDY 133089 42500 22600 40223 10575 248987 MICHELE RICHARDSON 174315 8800 3305 40067 8890 235377 IAN MORTIMER 163511 42500 1999 21420 18969 248399 LESLIE AVERILL 135920 10000 1707 15150 14567 177344 CHUCK MANISCALCO 144000 30000 3023 8075 18279 203377 LYNNE BALLARD 145451 1723 22308 8867 178349 JAMES CROSS 139432 2017 13953 100 155502 DAVID STRUBLER 145520 3949 15150 16859 181478 ELIZABETH BEAULIEU 134550 1760 13732 8034 158076 BENEFITS 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 INCLUDED IN THE INDIVIDUAL'S W-2. COMPENSATION PART I, LINE 3 SEE SCHEDULE O SEVERANCE PAYMENTS PART 1, LINE 4A PURSUANT TO AN AGREEMENT, EDNA COMEDY RECEIVED A ONE-TIME PAYMENT OF $75,000 UPON SEPARATION FROM THE COLLEGE. NON-FIXED PAYMENTS 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 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 0 0 12000000 0 0 0 155000 0 0 11845000 0 0 2011 false false true true B 0 0 8971117 0 0 0 0 0 0 0 8971117 0 2004 true false true true C 0 0 4000000 0 0 0 80000 0 0 3920000 0 0 2011 false false true true D 0 0 7700000 0 0 0 120000 0 0 7580000 0 0 2013 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true false false true true TD BANK 10. false false false 0 false true B false true false false true true TD BANK 10. false false false 0 false true C false true false false true true KEY BANK 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 0 0 18000000 18000000 0 0 0 0 0 0 0 0 false false true true A false false false false 0 false false false true A false true false false true true MERCHANTS BANK false false false 0 false true A true Lynn Ballard HIGHEST COMPENSATED Computer Loan X 1693 1693 false false true Ian Mortimer OFFICER Computer Loan X 1199 50 false false true 1743 JANITECH OWNER OF COMPANY- TRUSTEE 495563 CUSTODIAL SERVICES false X 21 1198511 FAIR MARKET VALUE false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN (B) AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. ORGANIZATION'S MISSION 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 REVIEW PROCESS 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. CONFLICT OF INTEREST POLICY 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. COMPENSATION POLICY 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 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 REVIEWES EACH KEY EMPLOYEE'S PERFORMANCE FOR THE PRIOR YEAR AND SUBMITS A COMPENSATION RECOMMENDATION TO THE COMMITTEE RECOMMENDATION 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. PUBLIC DISCLOSURE POLICY 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. OTHER CHANGES IN NET ASSETS FORM 990 PART XI LINEs 8 & 9: Line 8: The beginning balance sheet as reported on the prior year return includes the consolidated numbers for the two foreign subsidiaries. The ending balance sheet only includes the balances for the US entity. This prior period adjustment removes the beginning equity of the unconsolidated subsidiaries. Line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 513,283 SWAP VALUATION 1,137,637 CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS (605,923) ___________ Total 1,044,997 FORM 990 MAILING ADDRESS FORM 990, PART VI, SECTION A, LINE 9 IAN MORTIMER 4245 EAST AVENUE ROCHESTER, NY 14618 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 -619354 56043 1.00000 true CHARITABLE REMAINDER TRUSTS (8) CHARITABLE TR VT NA TRUST false false false true false false false false false false false false false false false false false true false COLLEGE CHAMPLAIN DU VERMONT d 1511575 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED d 837890 FMV COLLEGE CHAMPLAIN DU VERMONT r 547250 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED r 1142172 FMV