2014-01-31T11:01:41-06:00 2013-06-30 HESSION & PARE PC 62 STARK STREET MANCHESTER NH 031011970 990 2012-07-01 020309681 MAGDALEN COLLEGE MAGD 6034562656 511 KEARSAGE MOUNTAIN ROAD WARNER NH 032789206 GEORGE A HARNE 6034562656 2013-12-13 true JOHN A HESSION 6036695477 2013-12-13 2012 2015-11-30 17:44:51Z GEORGE A HARNE 511 KEARSAGE MOUNTAIN ROAD WARNER NH 032789206 1544387 false X WWW.MAGDALEN.EDU X 1973 NH ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY. 11 10 44 0 198697 226917 1219751 1246245 3813 5677 43993 62632 1466254 1541471 194901 409950 0 1248901 1236207 0 187543 1150440 1096386 2594242 2742543 -1127988 -1201072 4761370 4881072 2583885 3937962 2177485 943110 X ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. 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THE PROGRAM IS AN INTEGRATED PROGRAM OF LIBERAL ARTS AND ROMAN CATHOLIC THEOLOGY TAUGHT IN THE SOCRATIC SEMINAR PEDAGOGICAL METHOD. 1915526 true true false false false false false false false true true false false false true false true false true false false false false false false false false false true false false false false true false false false false false false false false false false false false false true 1 0 44 true false false false false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true false false NH X GEORGE A HARNE 6034562656 511 KEARSAGE MOUNTAIN ROAD WARNER NH 03278 GEORGE A HARNE PHD 60.00 X X 74250 0 19625 RDANIEL PETERSON 40.00 X X 60000 0 0 PETER SAMPO 2.00 X 40000 0 0 JOHN J BISGROVE 40.00 X X 0 0 0 DAVID CURRIER 2.00 X 0 0 0 JOSEPH GEMMELL 2.00 X 0 0 0 MICHAEL MCGRATH 2.00 X 0 0 0 ANDY LAVALLEE 2.00 X 0 0 0 CAROLYN HARRISON 2.00 X 0 0 0 ROBERT LLOYD ESQ 2.00 X X 0 0 0 JAMES COFFEY 2.00 X 0 0 0 ALLEN HUNT 2.00 X 0 0 0 ANTHONY NADER 2.00 X 0 0 0 174250 19625 false false false 226917 226917 TUITION, ROOM, & BOARD - NET 611600 1237966 1237966 SUMMER PROGRAM 611600 8279 8279 1246245 2337 2337 6256 2916 3340 3340 3340 OTHER INCOME 900099 62632 62632 62632 1541471 1314554 409950 409950 174750 40000 134750 811719 642195 63210 106314 4116 2846 826 444 169805 117429 34076 18300 75817 52540 15144 8133 4087 4087 12159 12159 73237 2048 71189 41933 12098 29835 20131 5933 7391 6807 114199 114199 27475 17132 6599 3744 6130 1532 4598 135955 135955 235751 235751 49669 49669 FOOD SERVICES 97974 97662 292 20 MISCELLANEOUS 52895 17146 30427 5322 PROPERTY TAX 45691 45691 PROGRAM EXPENSES 44902 44902 134198 56472 69102 8624 2742543 1915526 639474 187543 285165 505475 22181 26238 51491 176001 8544866 4488424 4292193 4056442 110340 116916 4761370 4881072 260383 130896 8600 15556 290000 290000 1100000 2600000 924902 901510 2583885 3937962 X 2157112 936274 13537 6836 6836 2177485 943110 4761370 4881072 X -1201072 7286 -40589 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6836 6836 6836 6836 6836 6836 6836 6836 35731 28895 6836 1.00000 false false 258475 258475 7534340 3918842 3615498 752051 569582 182469 4056442 LINE OF CREDIT 495557 PENSION ANNUITY OBLIGATION 345129 CHARITABLE GIFT ANNUITY 60824 901510 1098218 7286 7286 1090932 450539 450539 1541471 2332593 2332593 409950 409950 2742543 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 THESE FUNDS WILL BE USED TO SUPPORT THE COLLEGE'S MISSION OF OFFERING ASSOCIATE AND BACHELOR OF ARTS DEGREES. REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B CHANGE IN PENSION LIABILITY 36,975 CHANGE IN GIFT ANNUITY OBLIGATIONS 3,614 SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 409,950 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 409,950 true true true true true true true false false false false false false false false false false true PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION SCHEDULE E LINE 3 INCLUDED IN COLLEGE CATALOG AND PROMOTIONAL PUBLICATIONS DISTRIBUTED DURING THE YEAR true SCHOLARSHIP 62 409950 FMV TUITION ASST DAVID CURRIER BOARD MEMBER OPERATIONS X 235000 190000 false true true JOHN BISGROVE BOARD MEMBER OPERATIONS X 100000 100000 false true true 290000 ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REVIEWS CONFLICT OF INTEREST COMPLIANCE AT EACH BOARD MEETING COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT AND ALL KEY EMPLOYEES ARE MEMBERS OF THE FACULTY AND ARE PAID ON THE FACULTY SALARY SCALE WITH NO ADJUSTMENTS FOR THEIR POSITION. THE FACULTY SCALE'S ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 CHANGE IN PENSION LIABILITY -36,975 CHANGE IN GIFT ANNUITY OBLIGATIONS -3,614 SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT -409,950 SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 409,950