SAINT MICHAELS COLLEGE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SAINT MICHAELS COLLEGE (EIN 03-0179403)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201421349349305387
- Schema version
- 2012v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T15:44:14-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179403 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAINT MICHAEL'S COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % SHIRLEY GOODELL-LACKEY | InCareOfName |
| Name Control | SAIN | NameControl |
| Phone | 8026542586 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WINOOSKI PARK BOX 274 | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | COLCHESTER | City |
| State | VT | State |
| ZIP Code | 05439 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NEAL E ROBINSON | Name |
| Title | VP FINANCE | Title |
| Phone | 8026542586 | Phone |
| Date Signed | 2014-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179881000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | NEAL E ROBINSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WINOOSKI PARK BOX 274 | AddressLine1 |
| City | COLCHESTER | City |
| State | VT | State |
| ZIP Code | 05439 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 137822582 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Group Exemption Number | 0928 | GroupExemptionNumber |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SMCVT.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1913 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 29 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2117 | TotalNbrEmployees |
| Total Nbr Volunteers | 1665 | TotalNbrVolunteers |
| Total Gross UBI | 138002 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -13705 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6853068 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6263844 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 97152264 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 100454452 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 510371 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4810137 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 762062 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1536277 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 105277765 | TotalRevenuePriorYear |
| Total Revenue Current Year | 113064710 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 29047065 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 32719955 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 41489126 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 43621261 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2128148 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 33563702 | OtherExpensePriorYear |
| Other Expenses Current Year | 33371057 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 104099893 | TotalExpensesPriorYear |
| Total Expenses Current Year | 109712273 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1177872 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3352437 | RevenuesLessExpensesCY |
| Total Assets BOY | 191735079 | TotalAssetsBOY |
| Total Assets EOY | 199887030 | TotalAssetsEOY |
| Total Liabilities BOY | 71395320 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 70313949 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 120339759 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 129573081 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 64386890 | Expense |
| Grants | 32719955 | Grants |
| Revenue | 79808889 | Revenue |
| Description | ACADEMIC PROGRAM AND FINANCIAL SUPPORT SERVICES, SEE SCHEDULE O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19285275 | Expense |
| Revenue | 20645563 | Revenue |
| Description | AUXILIARY ENTERPRISES, SEE SCHEDULE O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11100019 | Expense |
| Description | STUDENT SERVICES, SEE SCHEDULE O | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2841583 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 97613767 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | true | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 4881 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 1 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2117 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | UC | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 29 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VT | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SHIRLEY GOODELL-LACKEY | NamePerson |
| Telephone Number | 8026542586 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WINOOSKI PARK | AddressLine1 |
| City | COLCHESTER | City |
| State | VT | State |
| ZIP Code | 05439 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (39 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| WILLIAM H GALLAGHER | |||||||||
| CHAIR, BOARD OF TRUSTEES | 2.0 | X | 0 | 0 | 0 | ||||
| DR SULTAN AHAMED | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| SR PEG ALBERT OP PHD | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| SR LORRAINE AUCOINPM | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| JOHN J BERGERON | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| LAWRENCE J BLANFORD | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| PATRICIA A CASEY | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| PHILIP C CIULLA JR | |||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | ||||
| REV DAVID G CRAY SSE | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| VERY REV MICHAEL CRONOGUE SSE | |||||||||
| TRUSTEE | 15.0 | X | 0 | 0 | 0 | ||||
| DONALD R DION JR | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| MARK J DORAN | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| MICHELE S GATTO | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| REVTHOMAS FX HOAR SSE | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| R ALAN HUNTER JR | |||||||||
| TRUSTEE | 2.0 | X | |||||||
| REV MICHAEL P JACQUES SSE | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| NORIKO KAMEDA | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| SR JACQUELINE MARIE KIESLICH | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| REV MSGR JOHN MCDERMOTT | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| MICHAEL E MCGRATH | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| MARY-KATE G MCKENNA | |||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | ||||
| REV RICHARD M MYHALYK SSE | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| DR CELENE R PAQUETTE | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| ERNEST A POMERLEAU | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| REV MARCEL R RAINVILLE SSE | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| STEVEN J RENEHAN | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| BARRY D ROY | |||||||||
| TRUSTEE | 5.0 | X | 0 | 0 | 0 | ||||
| DEIDRE M TAVERA | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| REV DAVID J THEROUX SSE | |||||||||
| TRUSTEE | 1.0 | X | 17248 | 0 | 0 | ||||
| DR PEGGY R WILLIAMS | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| DR JOHN J NEUHAUSER | |||||||||
| PRESIDENT | 40.0 | X | 396257 | 0 | 81769 | X | |||
| MARILYN E CORMIER | |||||||||
| SECRETARY OF THE BOARD | 40.0 | 84901 | 0 | 21668 | X | 2.0 | |||
| NEAL E ROBINSON | |||||||||
| VP FINANCE, TREASURER OF BOARD | 40.0 | 184530 | 0 | 28972 | X | ||||
| KAREN A TALENTINO | |||||||||
| VP ACADMIC AFFAIRS | 40.0 | 179359 | 0 | 31967 | X | ||||
| JOHN C VAN HOUTEN | |||||||||
| CHEMISTRY PROFESSOR | 40.0 | 156278 | 0 | 10866 | X | ||||
| MICHAEL J NEW | |||||||||
| VP HUMAN RESOURCES | 40.0 | 144473 | 0 | 11948 | X | ||||
| JERRY E FLANAGAN | |||||||||
| VP/Admsn & Enrlmnt | 40.0 | 133117 | 0 | 30018 | X | ||||
| MICHAEL D SAMARA | |||||||||
| VP STDNT AFFRS/DEAN OF STDNTS | 40.0 | 133979 | 0 | 24925 | X | ||||
| PATRICK J GALLIVAN | |||||||||
| VP INSTITUTIONAL ADVANCEMENT | 40.0 | 141440 | 18144 | X | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1571582 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 260277 | TotalOtherCompensation |
| Number Individuals GT100 K | 31 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FREEMAN FRENCH FREEMAN INC | |||||
| 81 MAPLE STREET | BURLINGTON | VT | 05401 | ARCHITECTS | 943548 |
| ADAPTIVE COMMUNICATIONS | |||||
| 230 COMMERCE WAY | PORTSMOUTH | NH | 038016849 | IT CONSULTANTS | 552015 |
| ROYALL COMPANY | |||||
| 1920 EAST PARHAM ROAD | RICHMOND | VA | 23228 | RECRUITING CONSULTAN | 434283 |
| ATRION NETWORKING CORPORATION | |||||
| 30 SERVICE AVENUE | WARWICK | RI | 028861021 | IT CONSULTANTS | 419747 |
| COMPETITIVE COMPUTING INC | |||||
| 354 MOUNTAIN VIEW DRIVE | COLCHESTER | VT | 054465923 | IT CONSULTANTS | 247612 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Fundraising Events | 39409 | FundraisingEvents |
| Government Grants | 2638869 | GovernmentGrants |
| All Other Contributions | 3585566 | AllOtherContributions |
| Noncash Contributions | 764516 | NoncashContributions |
| Total Contributions | 6263844 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| TUITON AND FEES | 611710 | 79808889 | 79808889 | ||
| RESIDENCE AND DINING | 721310 | 16782596 | 16782596 | ||
| BOOKSTORE | 451211 | 1272519 | $1,272,519 | ||
| CONFERENCE CENTER | 531390 | 302846 | $167,832 | 135014 | |
| SMC PLAYHOUSE | 713940 | 470219 | 470219 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1817383 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1817383 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 100454452 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 842339 | TotalRevenueColumn |
| Unrelated Business Revenue | 1644 | UnrelatedBusinessRevenue |
| Exclusion | $840,695 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 401688 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 401688 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 401688 | TotalRevenueColumn |
| Exclusion | $401,688 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 28676752 | Securities |
| Other | 18864 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24714717 | Securities |
| Other | 13101 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3962035 | Securities |
| Other | 5763 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3967798 | TotalRevenueColumn |
| Unrelated Business Revenue | 1344 | UnrelatedBusinessRevenue |
| Exclusion | $3,966,454 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 25810 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 39409 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 27706 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1896 | TotalRevenueColumn |
| Exclusion | -$1,896 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 41387 | GrossIncomeGaming |
| Gaming Direct Expenses | 2348 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39039 | TotalRevenueColumn |
| Exclusion | $39,039 | ExclusionAmount |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER OPERATING INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1097446 | TotalRevenueColumn |
| Exclusion | $1,097,446 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1097446 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 113064710 | TotalRevenueColumn |
| Related Or Exempt Function Income | 98879087 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 138002 | UnrelatedBusinessRevenue |
| Exclusion | $7,783,777 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115758 | Total |
| Program Services | 115758 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31331519 | Total |
| Program Services | 31331519 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1272678 | Total |
| Program Services | 1272678 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1879004 | Total |
| Program Services | 768459 | ProgramServices |
| Management And General | 854986 | ManagementAndGeneral |
| Fundraising | 255559 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30144634 | Total |
| Program Services | 25232466 | ProgramServices |
| Management And General | 3892114 | ManagementAndGeneral |
| Fundraising | 1020054 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2379639 | Total |
| Program Services | 2065257 | ProgramServices |
| Management And General | 216893 | ManagementAndGeneral |
| Fundraising | 97489 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6938916 | Total |
| Program Services | 5946404 | ProgramServices |
| Management And General | 769898 | ManagementAndGeneral |
| Fundraising | 222614 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2279068 | Total |
| Program Services | 1860231 | ProgramServices |
| Management And General | 330345 | ManagementAndGeneral |
| Fundraising | 88492 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190013 | Total |
| Management And General | 190013 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130500 | Total |
| Management And General | 130500 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 580 | Total |
| Management And General | 580 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8670600 | Total |
| Program Services | 6047075 | ProgramServices |
| Management And General | 2286521 | ManagementAndGeneral |
| Fundraising | 337004 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5068249 | Total |
| Program Services | 4650443 | ProgramServices |
| Management And General | 417806 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2111169 | Total |
| Program Services | 1741695 | ProgramServices |
| Management And General | 262538 | ManagementAndGeneral |
| Fundraising | 106936 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 823709 | Total |
| Program Services | 803261 | ProgramServices |
| Management And General | 20448 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6974517 | Total |
| Program Services | 6376801 | ProgramServices |
| Management And General | 597716 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| RESALE ITEMS | 5669668 | 5669668 |
| LIBRARY ACQUISITIONS | 777937 | 777937 |
| STUDY ABROAD EXPENDITURES | 2954115 | 2954115 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109712273 | Total |
| Program Services | 97613767 | ProgramServices |
| Management And General | 9970358 | ManagementAndGeneral |
| Fundraising | 2128148 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7592795 | BOY |
| EOY | 10456213 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1738093 | BOY |
| EOY | 952757 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1088123 | BOY |
| EOY | 1219760 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5336547 | BOY |
| EOY | 5302052 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 458778 | BOY |
| EOY | 385791 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1727916 | BOY |
| EOY | 1630054 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 192159489 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 99212166 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72045045 | BOY |
| EOY | 92947323 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13995625 | BOY |
| EOY | 17231841 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87018834 | BOY |
| EOY | 69044779 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 733323 | BOY |
| EOY | 716460 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191735079 | BOY |
| EOY | 199887030 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7817505 | BOY |
| EOY | 7505914 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1974456 | BOY |
| EOY | 2260136 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50990332 | BOY |
| EOY | 50358417 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169421 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10443606 | BOY |
| EOY | 10189482 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71395320 | BOY |
| EOY | 70313949 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76395983 | BOY |
| EOY | 81276613 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14499685 | BOY |
| EOY | 18216780 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29444091 | BOY |
| EOY | 30079688 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120339759 | BOY |
| EOY | 129573081 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191735079 | BOY |
| EOY | 199887030 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3352437 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 5919924 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -39039 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | true | GrantsOtherOrganizations |
| Grants Other Organizations | $580 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 580 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES | Identifier |
| Return Reference | PART II-B, LINE 1F | ReturnReference |
| Explanation | THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORMS SERVING THE INTERESTS OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $15,607. APPROXIMATELY $580 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 69718728 | BeginningOfYearBalance |
| Contributions | 677917 | Contributions |
| Investment Earnings Or Losses | 11028823 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1706545 | GrantsOrScholarships |
| Other Expenditures | 915985 | OtherExpenditures |
| Administrative Expenses | 490262 | AdministrativeExpenses |
| End Of Year Balance | 78312676 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 71231474 | BeginningOfYearBalance |
| Contributions | 2697110 | Contributions |
| Investment Earnings Or Losses | -1267356 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1790702 | GrantsOrScholarships |
| Other Expenditures | 755660 | OtherExpenditures |
| Administrative Expenses | 396138 | AdministrativeExpenses |
| End Of Year Balance | 69718728 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 58518913 | BeginningOfYearBalance |
| Contributions | 2518415 | Contributions |
| Investment Earnings Or Losses | 13012809 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1682667 | GrantsOrScholarships |
| Other Expenditures | 792283 | OtherExpenditures |
| Administrative Expenses | 343713 | AdministrativeExpenses |
| End Of Year Balance | 71231474 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55196338 | BeginningOfYearBalance |
| Contributions | 494093 | Contributions |
| Investment Earnings Or Losses | 5881858 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1850593 | GrantsOrScholarships |
| Other Expenditures | 899595 | OtherExpenditures |
| Administrative Expenses | 303188 | AdministrativeExpenses |
| End Of Year Balance | 58518913 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 73084203 | BeginningOfYearBalance |
| Contributions | 1279814 | Contributions |
| Investment Earnings Or Losses | -15818576 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2546083 | GrantsOrScholarships |
| Other Expenditures | 508567 | OtherExpenditures |
| Administrative Expenses | 294453 | AdministrativeExpenses |
| End Of Year Balance | 55196338 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.43000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.38000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2335261 | OtherCostOrOtherBasis |
| Book Value | 2335261 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 119655384 | OtherCostOrOtherBasis |
| Depreciation | 68221359 | Depreciation |
| Book Value | 51434025 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 36338442 | OtherCostOrOtherBasis |
| Depreciation | 27646377 | Depreciation |
| Book Value | 8692065 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 33830402 | OtherCostOrOtherBasis |
| Depreciation | 3344430 | Depreciation |
| Book Value | 30485972 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 92947323 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (9 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CASH EQUIVALENTS | 2219245 | F |
| DOMESTIC EQUITIES-LARGE CAP | 5964448 | F |
| WORLD EQUITIES COMPOSITE-MF,HF | 27459802 | F |
| DIRECTONAL HEDGE COMPOSITE-HFO | 9026796 | F |
| RELATIVE VALUE STRATEGIES-DIR | 5150127 | F |
| PRIVATE EQUITY | 3772561 | F |
| GLOBAL FIXED INCOME-SUB DBT,HF | 7031867 | F |
| REAL ASSET COMPOSITE-DHF,REAL | 3498140 | F |
| DEPOSTIS WITH BOND TRUSTEES | 4921793 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 69044779 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTHER LIABILITIES | $3,208,511 |
| AMTS HELD ON BEHALF OF OTHERS | $2,238,231 |
| REFUNDABLE ADVANCES | $4,301,021 |
| ANNUITY OBLIGATION | $115,512 |
| CAPITAL LEASE OBLIGATIONS | $326,207 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10189482 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 86389105 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5919924 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 5919924 | RevenueNotRptdF990 |
| Revenue Subtotal | 80469181 | RevenueSubtotal |
| Other Revenues Not Included | 32595529 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 32595529 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 113064710 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 77155783 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 27706 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 27706 | ExpensesNotRptdF990 |
| Expenses Subtotal | 77128077 | ExpensesSubtotal |
| Other Expenses Not Included | 32584196 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 32584196 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 109712273 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ENDOWMENT FUNDS | PART V, LINE 4 | THE PRIMARY USE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT OUR STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION THROUGH SCHOLARSHIP ASSISTANCE, RESEARCH AND STUDY ABROAD OPPORTUNITIES, SERVICE LEARNING, STUDENT SERVICES AND LECTURES SERIES. IN A FEW INSTANCES, ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO SUPPORT LIBRARY ACQUISITIONS, DEPARTMENT CHAIRS AND DEFERRED MAINTENANCE ON BUILDINGS PREVIOUSLY FUNDED BY DONORS. |
| UNCERTAIN TAX POSITIONS | PART X, LINE 2 | THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. |
| OTHER REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS | PART XI, LINE 4B | ATHLETICS SUPER RAFFLE PROCEEDS $ 39,039 STUDENT FINANCIAL AID $ 32,584,196 SPECIAL EVENTS EXPENSES $ (27,706) ----------------- TOTAL $ 32,595,529 |
| OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN | PART XII, LINE 2D | SPECIAL EVENTS EXPENSES $ 27,706 |
| OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS | PART XII, LINE 4B | STUDENT FINANCIAL AID $ 32,584,196 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NONDISCRIMINATION POLICY | PART I, LINE 3 | The College includes its racially nondiscriminatory policy in its bylaws, Employee Handbook, graduate and undergraduate catalogs, Student Code of Conduct and College Policy Handbook, Faculty Regulations, on our application supplement, under facts about the College on its website, and within the New England Association of Schools & Colleges (NEASC) Self Study document for Reaccreditation. The College also values diversity and has a Board of Trustees approved policy which is also contained within many of these documents. |
| GRANTS FROM GOVERNMENT AGENCIES | PART I, LINE 6A | SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (28 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures | Number Of EmployeesNumberOfEmployees |
|---|---|---|---|---|
| Central America and the Caribbean | Program Services | SHORT-TERM PROGRAM | 9194 | |
| Europe (Including Iceland and Greenland) | Program Services | SHORT-TERM PROGRAM | 22219 | |
| East Asia and the Pacific | Program Services | SHORT-TERM PROGRAM | 15772 | |
| Sub-Saharan Africa | Program Services | SHORT-TERM PROGRAM | 976 | |
| South Asia | Program Services | SERVICE-DONATION | 10000 | |
| Central America and the Caribbean | Program Services | SERVICE-DONATION | 10000 | |
| East Asia and the Pacific | Program Services | RECRUITING | 11814 | |
| Europe (Including Iceland and Greenland) | Program Services | RECRUITING | 1343 | |
| North America | Program Services | RECRUITING | 2449 | |
| Central America and the Caribbean | Program Services | RECRUITING | 8754 | |
| South America | Program Services | RECRUITING | 1535 | |
| Middle East and North Africa | Program Services | RECRUITING | 4002 | |
| East Asia and the Pacific | AGENT | 70956 | 9 | |
| Europe (Including Iceland and Greenland) | AGENT | 12118 | 1 | |
| South America | AGENT | 5969 | 2 | |
| South Asia | AGENT | 510 | 1 | |
| Middle East and North Africa | AGENT | 38366 | 3 | |
| Central America and the Caribbean | Program Services | STUDY ABROAD | 164855 | |
| East Asia and the Pacific | Program Services | STUDY ABROAD | 878278 | |
| Europe (Including Iceland and Greenland) | Program Services | STUDY ABROAD | 2140403 | |
| Middle East and North Africa | Program Services | STUDY ABROAD | 25050 | |
| South America | Program Services | STUDY ABROAD | 325240 | |
| South Asia | Program Services | STUDY ABROAD | 81810 | |
| Sub-Saharan Africa | Program Services | STUDY ABROAD | 335332 | |
| Central America and the Caribbean | Program Services | SERVICE TRIP | 527 | |
| South Asia | Program Services | SERVICE TRIP | 20049 | |
| Central America and the Caribbean | Investments | 12170989 | ||
| Europe (Including Iceland and Greenland) | Investments | 6267224 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 16 | SubtotalNumberOfEmployees |
| Total Number Of Employees | 16 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 225977 | SubtotalAmountSpent |
| Cont Amount Spent | 22409757 | ContAmountSpent |
| Total Amount Spent | 22635734 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (2 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|
| South Asia | GENERAL SUPPORT | 10000 | WIRE TRANSFE |
| Central America and the Caribbean | GENERAL SUPPORT | 10000 | CHECK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 2 | TotalNumberOf501c3Orgs |
Grants To Ind Outside US GrantsToIndOutsideUS (7 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| STUDENT SCHOLARSHIPS | Central America and the Caribbean | 7 | 61500 | STUDENT A/C |
| STUDENT SCHOLARSHIPS | East Asia and the Pacific | 31 | 261725 | STUDENT A/C |
| STUDENT SCHOLARSHIPS | Europe (Including Iceland and Greenland) | 80 | 668450 | STUDENT A/C |
| STUDENT SCHOLARSHIPS | Middle East and North Africa | 1 | 10550 | STUDENT A/C |
| STUDENT SCHOLARSHIPS | South America | 14 | 112753 | STUDENT A/C |
| STUDENT SCHOLARSHIPS | South Asia | 4 | 26325 | STUDENT A/C |
| STUDENT SCHOLARSHIPS | Sub-Saharan Africa | 12 | 111375 | STUDENT A/C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | true | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ACTIVITIES OUTSIDE THE UNITED STATES | PART I, LINE 3 | Short-Term Programs Saint Michael's College international short-term programs are an important and creative way for faculty and students to expand the boundaries of the Saint Michael's campus. Short-term study programs are academic courses developed by faculty. Typically lasting two weeks, these programs involve study abroad, may include direct involvement in issues covered in an on-campus course and provide direct experience on a particular topic in a particular locale. Study Abroad The College utilizes over 20 third-party program providers and exchange partners to provide students with opportunities to study in over 70 countries. There are many diverse program offerings for a student's study abroad experience. In our increasingly global society, more and more students recognize the value of spending a semester or year abroad. Recruiting The College has one full-time staff member who travels to recruit international students and groups for our English language programs and undergraduate admissions. These expenses are primarily related to travel in China and South Korea. The College is expanding its recruting efforts to many Latin American countries along with a few member states of the Arab league. Agents The College's Applied Linguistics Department offers a variety of English language programs for students to earn a certificate of completion and/or a Masters Degree in Teaching English to Speakers of Other Languages. Upon successful completion of the advanced English Program Level II, a student may matriculate into an undergraduate degree program at the College or elsewhere. The College uses international agents to assist with recruiting and admissions for these programs. Service Trip Refer to Part II supplemental information. This represents the in-country expenses paid for flights, meals, supplies and lodging. |
| GRANTS TO ENTITIES OUTSIDE THE UNITED STATES | PART II | Our Mobilization of Volunteer Efforts Department, known as MOVE, promotes one principle of the Catholic faith - charity. MOVE provides opportunities for the College's students to perform community service work during the academic year and during semester and summer breaks at both domestic and international service sites. See Schedule O under Part III Student Services for more details. These payments represent funds raised by students to help support non-profit organizations in India and the Dominican Republic where they volunteer after the academic year concludes. MOVE is in communication with the recipient organizations throughout the year and has general conversations about the organizations' status and projects and make arrangements for the following year trip. MOVE works with organizations so student volunteers have a clear vision about what is expected and what they should expect when they arrive in the country. |
| SCHOLARSHIPS | PART III | Scholarships related to students studying abroad for a semester or a year. All scholarships are applied to the student'S account balance. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED INTO THE STUDY ABROAD PROGRAM. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Classic | NameOfEvent1 |
| Gross Receipts Event1 | 65219 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 39409 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 25810 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 1921 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 19150 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 4950 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 1685 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 65219 | GrossReceiptsTotal |
| Charitable Contributions Total | 39409 | CharitableContributionsTotal |
| Gross Revenue Total Events | 25810 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 1921 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 19150 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 4950 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 1685 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 27706 | DirectExpenseSummaryEvents |
| Net Income Summary | -1896 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 41387 | GrossRevenueOtherGaming |
| Cash Prizes Other Gaming | 1500 | CashPrizesOtherGaming |
| Non Cash Prizes Other Gaming | 750 | NonCashPrizesOtherGaming |
| Other Direct Expenses Other Gaming | 98 | OtherDirectExpensesOtherGaming |
| Volunteer Labor Other Gaming | true | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 1.00000 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 41387 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 1500 | CashPrizesTotalGaming |
| Non Cash Prizes Total Gaming | 750 | NonCashPrizesTotalGaming |
| Other Direct Expenses Total Gaming | 98 | OtherDirectExpensesTotalGaming |
| Direct Expense Summary Gaming | 2348 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 39039 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | VT | StatesWhereGamingConducted |
| Licensed | false | Licensed |
| Explanation If No | IN VERMONT, A NON-PROFIT ORGANIZATION THAT ORGANIZES A RAFFLE OR GAMES OF CHANCE FOR THE PURPOSE OF RAISING FUNDS TO BE USED FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES DOES NOT NEED A LICENSE. | ExplanationIfNo |
| License Suspended Etc | false | LicenseSuspendedEtc |
| Gaming With Nonmembers | false | GamingWithNonmembers |
| Member Of Other Entity | false | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 1.00000 | PercentageOfGamingOwnFacility |
| Name Of Gaming Rec Keeper Person | SHIRLEY GOODELL-LACKEY CONTROLLER | NameOfGamingRecKeeperPerson |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SAINT MICHAELS COLLEGE 1 WINOOSKI | AddressLine1 |
| City | COLCHESTER | City |
| State | VT | State |
| ZIP Code | 05439 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | false | ContractWith3rdPartyForGamRev |
| Gaming Manager Name Person | GERALDINE KNORTZ ATHLETICS DIRECTO | GamingManagerNamePerson |
| Gaming Manager Services Provided | ORGANIZE AND COORDINATE ATHLETICS RAFFLE | GamingManagerServicesProvided |
| Gaming Manager Is Employee | X | GamingManagerIsEmployee |
| Charitable Distrib Required | false | CharitableDistribRequired |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| VISTING NURSE ASSOCIATION | |||||||
| 1110 PRIM ROAD | COLCHESTER | VT | 05446 | 030179603 | 501(c)(3) | 10000 | SEE PART IV. |
| SSE DBA SAINT ANNE'S SHRINE | |||||||
| PO BOX 280 | ISLE LA MOTTE | VT | 05463 | 030195115 | 501(C)(3) | 105758 | SEE PART IV. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|---|
| STUDENT SCHOLARSHIPS | 1811 | 28231421 | |
| UNDERGRADUATE ENDOWMENT FUNDED SCHOLARSHIPS | 333 | 1706555 | |
| UNDERGRADUATE ATHLETIC GRANTS | 19 | 927713 | |
| FED SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS | 322 | 428417 | |
| GRADUATE STUDENT GRANTS | 34 | 37413 |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S. | PART II, COLUMN H | (1)The contribution to Saint Anne's Shrine was made to provide support of the organization's mission to serve as a welcoming place of peace and hope ministering to all God's people through prayer, devotion, hospitality, and spiritual renewal. The shrine was developed and maintained for the past 100 years by the Society of Saint Edmund, who are also the founders of Saint Michael's Colelge. The College shares a similar mission to contribute through higher education to the enhancement of the human person and the advancement of human culture in the light of the catholic faith. The College benefits from use of the facilities at the Shrine for curriculum enhancement, student and staff retreats and worship. (2)The contribution to the Visiting Nurse Association was made to provide general support of their mission to care for individuals and families through health and related services in homes and other community settings while also providing accountability, excellence, integrity, compassion and dependable and professional service. The College incorporates this organization into the anthropology class curriculum by providing students with the opportunity to partner with the VNA Family Room as a community-engaged learning site for the students. |
| GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. | PART III | THE COLLEGE RECOGNIZES THE HIGH COST OF A PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE, AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDE GRANTS AND SCHOLARSHIPS, LOANS, AND STUDENT EMPLOYMENT. IN 2012-2013, THE COLLEGE ADMINISTERED OVER $50 MILLION IN ASSISTANCE, OF WHICH APPROXIMATELY $31 MILLION WAS PRIMARILY COLLEGE FUNDED SCHOLARSHIPS OR GRANTS. THE FIVE-YEAR AVERAGE (2008-2012) OF UNDERGRADUATE STUDENTS RECEIVING COLLEGE FUNDED AID WAS 90.36%. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AVERAGE NEED BASED SCHOLARSHIP OR GRANT FOR THE FALL 2012 INCOMING CLASS WAS APPROXIMATELY $21,468. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR JOHN J NEUHAUSER | ||||||||||||||
| PRESIDENT | 391090 | 0 | 0 | 0 | 5167 | 0 | 36667 | 0 | 45102 | 0 | 478026 | 0 | 0 | 0 |
| NEAL E ROBINSON | ||||||||||||||
| VP FINANCE, TREASURER OF BOARD | 184530 | 0 | 0 | 0 | 0 | 0 | 12155 | 0 | 16817 | 0 | 213502 | 0 | 0 | 0 |
| JOHN C VAN HOUTEN | ||||||||||||||
| CHEMISTRY PROFESSOR | 156278 | 0 | 0 | 0 | 0 | 0 | 3075 | 0 | 7791 | 0 | 167144 | 0 | 0 | 0 |
| MICHAEL J NEW | ||||||||||||||
| VP HUMAN RESOURCES | 144473 | 0 | 0 | 0 | 0 | 0 | 9323 | 0 | 2625 | 0 | 156421 | 0 | 0 | 0 |
| KAREN A TALENTINO | ||||||||||||||
| VP ACADMIC AFFAIRS | 179359 | 0 | 0 | 0 | 0 | 0 | 11825 | 0 | 20142 | 0 | 211326 | 0 | 0 | 0 |
| JERRY E FLANAGAN | ||||||||||||||
| VP/Admsn & Enrlmnt | 132037 | 0 | 0 | 0 | 1080 | 0 | 8702 | 0 | 21316 | 0 | 163135 | 0 | 0 | 0 |
| MICHAEL D SAMARA | ||||||||||||||
| VP STDNT AFFRS/DEAN OF STDNTS | 133038 | 0 | 0 | 0 | 941 | 0 | 8847 | 0 | 16078 | 0 | 158904 | 0 | 0 | 0 |
| PATRICK J GALLIVAN | ||||||||||||||
| VP INSTITUTIONAL ADVANCEMENT | 139040 | 2400 | 9069 | 9075 | 159584 | |||||||||
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | COMPENSATION INFORMATION | Identifier |
| Return Reference | PART II | ReturnReference |
| Explanation | For eligible employees, column (D) nontaxable benefits primarily consists of health care and dental benefits. Details for amounts reported in column B(iii)and column (D) are listed below: For Dr. John J. Neuhauser - Column B(iii) includes personal use of a College vehicle and personal cell phone use. Column (C) deferred compensation includes contributions to the College's IRC 457(B) plan including earnings. Column (D) includes a housing allowance. For Jerry E. Flanagan - Column B(iii) includes personal use of a College vehicle. For Michael D. Samara - Column B(iii) includes personal use of a College vehicle. For Patrick J. Gallivan - Column B(iii) includes personal use of a College vehicle. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VT EDUCATIONAL & HEALTH BLDG FINANCE AGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 237154467 | IssuerEIN |
| CUSIP Number | 924166FM8 | CUSIPNumber |
| Date Issued | 2012-05-24 | DateIssued |
| Issue Price | 50990332 | IssuePrice |
| Description Of Purpose | CONSTRUCTION, EQUIPMENT, REFUNDING | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 320000 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 50990332 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 11585739 | RefundingEscrow |
| Issuance Costs From Proceeds | 563023 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 27500000 | CapitalExpenditures |
| Other Spent Proceeds | 11341570 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2013 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | true | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | false | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | true | MngmentCntrctBondFinancdPrprty |
| Engage Bond Counsel Contracts | true | EngageBondCounselContracts |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Bond Iss Meet Prvt Security Pay Test | false | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedProp |
| Remedial Action Taken | false | RemedialActionTaken |
| Non Qualified Bond Remed Procdrs | true | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | true | Form8038TFiled |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Written Proc To Monitor Reqs | true | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | true | ProcToUndertkCorrectiveAction |
Form990 Schedule K Part VI Form990ScheduleKPartVI (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FINAL ALLOCATIONS OF PROCEEDS AND INVESTMENT BEYOND A TEMPORARY PERIOD | PART II, LINES 16-17 AND PART IV, LINE 5 | THE CONSTRUCTION OF A RESIDENCE HALL AND STUDENT UNION WILL BE COMPLETED AND PLACED IN SERVICE IN AUGUST 2013. THE FINAL ALLOCATION OF PROCEEDS WILL BE FINALIZED IN EARLY 2014 ONCE ALL CONTRACTOR INVOICES HAVE BEEN RECEIVED AND FINAL CHARGE ORDERS HAVE BEEN RECONCILED. THE COLLEGE MAINTAINS BOOKS AND RECORDS TO SUPPORT THE ALLOCATION AND TO REQUEST REIMBURSEMENT EXPENSES FOR THIS PROJECT FROM THE BOND TRUSTEE. THE BOND TRUSTEE REVIEWS ALL REQUESTS TO ENSURE THE EXPENSE IS APPROPRIATE WITHIN THE PURPOSE AS DEFINED IN THE BOND DOCUMENTS. THE COLLEGE'S 2012 SERIES BOND WILL NOT BE INVESTED BEYOND THE AVAILABLE TEMPORARY PERIOD AS THE BOND CLOSED IN MAY 2012 AND ALL CONSTRUCTION FUNDS WERE EXPENDED BY NOVEMBER 2013. |
| ADOPTION OF MANAGEMENT PRACTICES | PART III, LINE 9 AND PART IV, LINE 7 | THE COLLEGE HAS WORKED WITH CONSULTANTS AND BOND COUNSEL TO MAKE CERTAIN COLLEGE PERSONNEL IS FAMILIAR WITH THE RULES AND REGULATIONS FOR POST-ISSUANCE COMPLIANCE OF ITS TAX-EXEMPT BOND LIABILITIES AND IS STILL IN PROCESS OF WORKING ON A PROGRAM TO CALCULATE PRIVATE BUSINESS USE. ALL USE OF THE BUILDING IS TRACKED BY THE COLLEGE'S CONFERENCE AND SPECIAL EVENTS DEPARTMENT. THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICIES AND PROCEDURES HAVE BEEN CREATED, REVIEWED, AND IMPLEMENTED BY MANAGEMENT AND APPROVED BY THE BOARD OF TRUSTEES. |
| PROCEDURES TO UNDERTAKE CORRECTIVE ACTION | PART V | THE COLLEGE'S TAX EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICIES AND PROCEDURES IDENTIFY AND ADDRESS ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS PURSUANT TO A VOLUNTARY CLOSING AGREEMENT PROGRAM WHERE SELF-REMEDIATION MAY BE UNAVAILABLE. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | NA | NameOfInterestedPerson |
| Relationship With Organization | N/A | RelationshipWithOrganization |
| Amount Of Grant | 575 | AmountOfGrant |
| Type Of Assistance | TUITION REMISS. | TypeOfAssistance |
| Purpose Of Assistance | FRINGE BENEFIT | PurposeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MAGUIRE ASSOCIATES | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE CASEY IS SVP | Relationship |
| Amount Of Transaction | 135000 | AmountOfTransaction |
| Description Of Transaction | SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS | Identifier |
| Return Reference | PART IV | ReturnReference |
| Explanation | Trustee Patricia Casey is a Senior Vice President at Maguire Associates. The College has a contract with this firm to assist in financial aid modeling and awarding to achieve certain admissions goals. Ms.Casey does not work directly on the College account. This year, the College paid $135,000 for services. This is an arm's length transaction. Ms.Casey, if permitted to by the Board of Trustees, may make an appearance at a Board or Board Committee meeting to present facts regarding a matter relative to the College's relationship with Maguire Associates, but may not participate in the deliberations or decision making with respect to this matter. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 44045 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV-Expert opinion | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 37 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 720471 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NON-CASH CONTRIBUTIONS | LINE 4 and 9 | The College is reporting the number of contributions related to each type of property that was received during FY13. |
| USE OF A THIRD PARTY TO SELL NON-CASH CONTRIBUTIONS | PART 1, LINE 32B | The College uses a custodian to hold and process all investment transactions including asset safekeeping and collection of dividends and interest. All security contributions are delivered to the custodian with the instructions for immediate sale. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION STATEMENT | FORM 990, PART I, LINE 1 AND PART III, LINE 1 | SAINT MICHAEL'S COLLEGE IS A CATHOLIC LIBERAL ARTS RESIDENTIAL COLLEGE COMMITTED TO THE PURSUIT OF ACADEMIC EXCELLENCE, WITH AN UNDERGRADUATE ENROLLMENT OF APPROXIMATELY 2,000 STUDENTS AND 650 GRADUATE STUDENTS. WE CREATE AND SUSTAIN AN OPTIMAL LIVING AND LEARNING ENVIRONMENT THAT PROMOTES A VIBRANT INTELLECTUAL LIFE AND CHALLENGES STUDENTS TO ENGAGE IN ACTIVITIES TO EXTEND THEIR MINDS AND EXPERIENCES WITHIN AND BEYOND OUR VERMONT LOCATION. |
| PROGRAM SERVICE ACCOMPLISHMENTS | FORM 990, PART III, LINES 4A, 4B, 4C, AND 4D | Academic Programs and Financial Support (Line 4A) The academic program is at the heart of the College's Mission and the reason for Saint Michael's College's existence. The College provides education with a social conscience, producing graduates with intellectual tools to lead successful, purposeful lives that will contribute to peace and justice in our world. Saint Michael's College students personalize their education through research, internships, and small classes, preparing them for a lifetime, not just for their first job out of college. The academic program is rigorous and calibrated to the appropriate developmental levels of students (first-year students through graduate level). The undergraduate academic program offers degrees in 23 different majors for the Bachelor of Arts Degree and 10 majors for the Bachelor of Science Degree. Students may also, choose from 34 minor programs. The academic program for graduate students includes 3 programs leading to Masters degrees in Clinical Psychology, Education and Teaching English to Speakers of Other Languages. Saint Michael's College awarded 408 Bachelors degrees and 113 Masters degrees during 2012-2013 academic year with, 1936 students enrolled in Baccalaureate degree programs and 571 in Masters degree programs. The class of 2013 had 349 graduates in May, of which 211, or 60%, also earned Minors. After receiving a Bachelors degree from Saint Michael's College, over 95% of our students enter the work force in a variety of careers or continue their education in a post-graduate program. The 4 year average (2003 - 2006) student-right-to-know completion or graduation rate is 79%; this rate compared favorably to the 70% reported by Act National Graduation rates for private 4-year institutions offering only bachelors degrees in the selective category. The College's goal is to have 30% of each graduating class study abroad. Over 20 third party program providers offer students opportunities to study in over 70 countries and the College has met this goal for the last 5 academic years. The College has made strides in educating students beyond the classroom in preparation for their careers after graduation. In 2012-2013, 236 students engaged in supervised academic internships, compared with 253 in the previous year, representing over 12% of the student body for each of these academic years. In the summer of 2013, 40 students were engaged in independent research with professors, and this compares with 47 students in the summer of 2012 and 46 students in the summer of 2011. The College has a robust honors program which began in the late 1980's, and recognizes high achievement among our students. In 2013, 43 students (or 10% of the senior class) graduated in the honors program. In the spring of 2014, 420 students from all four classes, about 22% of the student body, were members of the honors program. In addition, Saint Michael's College shelters a chapter of Phi Beta Kappa, Delta Epsilon Sigma and eleven discipline based honors societies with nearly 100 members of the class of 2013. In 2003 Saint Michael's College joined the elite group of 280 colleges nationwide with Phi Beta Kappa chapters, making Saint Michael's College one of the only 22 Catholic Colleges in the U.S. and one of four in New England with such a chapter. The College is identified in the 2014 Edition of the Princeton Review as one of the Nations' best 378 Colleges and is also included in the prestigious 2014 Fiske Guide to Colleges and deemed a best buy. Saint Michael's College is rated as a top 100 liberal arts college by the U.S. News and World Report and ranked 89th in Catholic Colleges in the Northeast, and is now the fifth-best ranked among Catholic liberal arts colleges in the entire nation. Factors that helped the College move from its prior year rank include an excellent graduation rate, student faculty ratio and SAT scores along with other factors. Kiplinger's Personal Finance 2014 has ranked Saint Michael's College 68th on its list of the country's best values in private colleges. Forbes magazine America's Top Colleges' Edition has ranked Saint Michael's College 183rd for best private College. For the fourth straight year, Saint Michael's College was included in the The Princeton Review's Guide to 322 Green Colleges, recognized for their commitment to the environment. In 2012 Saint Michael's College was selected by the Carnegie Foundation as one of only 41 baccalaureate arts and science colleges nationwide in its community engagement classification, an area they define as the collaboration between institutions of higher education and their larger communities for the mutually beneficial exchange of knowledge and resources in a contest of partnership and reciprocity. The College is named one of the 34 exemplary institutes in the NSSE, National Survey Student Engagement by the Pew Charitable Trust and the Carnegie Foundation for the advancement of Teaching. Every five years the Vermont Department of Education conducts a performance review of all the educator programs. Saint Michael's College underwent the process in October 2011 and received full approval for all licensure programs. We are particularly proud of the seven commendations from the review. No other teacher preparation program has ever received more than three. The academic program is supported by many professional and administrative staff including information technology (IT), academic enrichment programs, library and information services (LIS), registrar's office, the Vice President of Academic Affairs and the Dean. The IT department is committed to creating a robust technology environment for the College's students, faculty and staff. They support administrative applications, instructional technology services, all of which support the mission and goals of the College by providing its constituents with a reliable, secure, and fast campus network; support for the appropriate integration of technology into teaching and research; and technology support for administrative operations. Saint Michael's College is committed to students' academic success therefore, in addition to academic enrichment programs designed to enhance the learning experience, a variety of services are offered to ensure that our students get the most out of their education including independent studies, Peace and Justice Center, Women's Center, service learning, student/faculty research and internships to name a few. These services and activities are designed to assist our students in enhancing their learning opportunities in order to achieve their fullest intellectual development. Academic enrichment also supports faculty in offering extra-curricular activities that enhance their classroom teaching and in designing innovative components to their courses that foster experiential learning. LIS provides students, faculty, and staff with the information resources and services they need for study, teaching and research. The library strives to determine community needs and respond to them by shaping its resources and services to provide the best possible support for the academic program. In order to support our students attending Saint Michael's College, a variety of grants and assistance is awarded. Refer to schedule I, Part IV for additional information. Auxiliary Enterprises (line 4B) In 2003, The Board of Trustees affirmed in the College's Mission statement that being a member of the residential community is central to our students' experience at Saint Michael's College, by endorsing a 100% residency requirement. In addition to expenses associated with on-campus dining services, auxiliary services expenses include residence hall bond interest, depreciation expense and costs related to the bookstore, printing and mailing services, special events, summer playhouse and other auxiliary programs that support our students' living and learning experience at the College. As part of the residential experience, there are unique housing options available on campus based on common interests that students share such as GREAT (Growing Recognition of the Effects of Alcohol on Thinking) with 150 students, honor housing (51 units) and Ambassador housing (48 Units) which provides an opportunity for U.S. students to live with international students. Dining on campus provides the social experience essential to a well-rounded campus life. |
| STUDENT SERVICES (LINE 4C) | Students are at the center of the College's Mission. While the academic elements are foremost, supporting the students' personal development is vital as well. The offices of admissions, student life, Edmundite Campus Ministry, Wilderness Program, Athletics and many student clubs work to enhance students' personal growth as well as their academic success. To supplement the academic culture on campus and enrich overall quality of the college experience, a variety of weekend programs is offered to students, along with many outdoor programs such as the ski pass, cultural and artistic events through the Flynn center-Saint Michael's College cultural pass, a variety of ministry programs, and community service opportunities through MOVE (Mobilization of Volunteer Efforts). Approximately 80% of students are involved in some form of intercollegiate, intramural, club, recreation, personal fitness, or wilderness program offering. Approximately 21% of Saint Michael's College students participate in one of the 21 varsity sports. Our student athletes have achieved a 98% academic success rate (ASR); a statistic defined by the NCAA as a measurement of graduation within a 6 year cohort time period as of June 2013. Saint Michael's College has again been recognized as a recipient of the Division II Presidents' Award for Academic Excellence as a member of the Northeast-10 Conference. SMC achieved the highest Academic Success Rate (ASR) in the conference, and ranked among the top 5 in the nation. The office of student activities strives to provide students opportunities to develop as ethical leaders and engaged citizens, and offers a wide variety of programs and activities designed to meet their needs. Our Got Skills program (Socially just, Kindness toward others, Inclusive toward all people, Leading at every turn, Listening with care and, Self-respectful) focuses on promoting human dignity and diversity. Educational programs offered in the residence halls help to bring people together who might not have otherwise met, help people to better know each other, and expose individuals to new ideas and beliefs. Floor visitors' dialogue programs provide an environment conducive for faculty, staff and student dialogue about academic and community pursuits. These represent a sample of the programming offered to students in the residence halls. The office of student activities assists the student government on campus as well as student clubs. Approximately 95% of the student population participates in student activities programs. The College embraces and supports students' commitment to community services reflected by the fact that 65% of our students participate in a service activity through our MOVE program - part of Edmundite Campus Ministry. The fundamental objective of Edmundite Campus Ministry is to help students', faculty and staff reflect on and celebrate the spiritual and religious dimensions of their lives while at Saint Michael's College. Programs such as retreats, liturgies, spiritual direction, and prayerful reflection meals are designed to encourage everyone to step back and experience life at its deepest, most meaningful level. About 15% of our student population is involved in weekly or daily worship as well as attendance in these programs. Other Program Services (Line 4D) Other program service expenses include public service and research. | |
| FORM 990 REVIEW PROCESS | FORM 990, PART VI, SECTION B, LINE 11 | Form 990 schedules are prepared by College personnel with guidance and review from external tax preparers who sign and file the form. In early May, prior to filing with the Internal Revenue Service each member of the Board of Trustees was provided with Form 990 and all schedules, except Schedule B, contribution detail, which is not provided in order to respect our donors' confidentiality. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, LINE 12C | The Secretary of the College distributes the conflict of interest policy, questionnaire and certification annually to trustees, officers and key employees. The Secretary reviews the responses and potential conflicts are brought to the Trusteeship and Mission Committee for review and resolution. A list of interlocking boards is maintained to assist in determining if potential conflicts arise during the year. The Trusteeship and Mission Committee submits names for board recruitment and vets any conflict issues. This Committee provides information to the Executive Committee for consideration and nomination. |
| DOCUMENT RETENTION AND DESTRUCTION POLICY | FORM 990, PART VI, SECTION B, LINE 14 | The College has a high-level document retention and destruction policy and follows specific guidelines provided by the Internal Revenue Service and relevant regulations with respect to records retention and destruction - including the provisions of Vermont Law (9 VSA Part 3 Chapter 62 Subchapter 4 Document Safe Destruction Act) with respect to disposal of documents containing confidential information. Another resource utilized by the College is "Record Retention and Disposal: A Manual for College Decision Makers," which provides the College with a guide to the applicable laws, regulations and other considerations for all areas of our business, including employment and admissions applications, payroll, student records, financial, tax and contributions records, as well as federal reporting specific to the higher education industry. |
| COMPENSATION POLICY | FORM 990, PART VI, SECTION B, LINE 15 | The Executive Committee of the Board of Trustees, excluding the College President, is responsible for establishing and maintaining a competitive compensation program for the executive officers of the College. The Executive Committee meets as needed to review the compensation program and make recommendations for any changes. The Executive Committee has the responsibility for decisions regarding compensation in all its current and potential forms for the executive officers of the College. The Vice President of Human Resources provides independent compensation data, e.g. NACUBO, CUPA, etc. and analysis to the Executive Committee. The Executive Committee meets annually, usually while the Trustees are here for the March or June Board meeting, to review survey data regarding compensation for the President and other officers of the College. The last meeting was in June 2013. The College complies with the three requirements of the rebuttable presumption standard, as outlined in Treasury Regulations Section 53.4958-6: (1) executive compensation is authorized by an independent committee of the board of directors, (2) the committee authorizing executive compensation obtains and relies on appropriate data as to comparability prior to making determinations, and (3) the committee adequately documents the basis for determinations concurrently with making the determinations. |
| PUBLIC DISCLOSURE POLICY | FORM 990, PART VI, SECTION C, LINE 19 | The College is a private organization and therefore by law, is not required to make its governing documents, conflict of interest policy or financial statements available to the public. In the interest of transparency, the College complies with requests for this information from federal and state regulatory agencies, our accreditation agency and other entities or individuals in the ordinary course of business. The College posts the most recent three years of Form 990 and 990-T on its website. |
| OTHER CHANGES IN NET ASSETS | FORM 990, PART XI, LINE 5 AND LINE 9 | FORM 990, PART XI, LINE 5 UNREALIZED LOSSES ON INVESTMENTS $ 5,919,924 FORM 990, PART XI, LINE 9 GAMBLING INCOME INCLUDED IN LIABILITY ACCOUNT $ (39,039) |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| SAINT MICHAEL'S COLLEGE FIRE & RESCUE | ||||||||||
| ONE WINOOSKI PARK | COLCHESTER | VT | 05439 | 201120657 | FIRE & RESCUE | VT | 501(C)(3) | 7 | NA | true |
| MERRILL CEMETERY ASSOCIATION INC | ||||||||||
| ONE WINOOSKI PARK | COLCHESTER | VT | 05439 | 010868920 | CEMETERY | VT | 501(C)(3) | NA | true | |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUST (1) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | CRT | PrimaryActivity |
| Legal Domicile State | VT | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | TRUST | TypeOfEntity |
| Controlled Org | true | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SAINT MICHAEL'S COLLEGE FIRE AND RESCUE | ||
| C | 100000 | COST |
| SAINT MICHAEL'S COLLEGE FIRE AND RESCUE | ||
| N | 68600 | FMV |
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