2014-03-21T15:01:13-05:00 2013-06-30 522041603 SQUIRE LEMKIN COMPANY LLP 111 ROCKVILLE PIKE SUITE 475 ROCKVILLE MD 20850 990 2012-07-01 520591608 HOOD COLLEGE OF FREDERICK MD HOOD 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 CHARLES G MANN 3016963131 2014-03-21 1 NANCY JOHNSON P01593478 3014246800 2012 2015-11-30 17:44:51Z CHARLES G MANN 401 ROSEMONT AVENUE FREDERICK MD 21701 76537547 0 X WWW.HOOD.EDU X 1893 MD HOOD COLLEGE PREPARES STUDENTS TO EXCEL IN MEETING THE PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES OF THE FUTURE. HOOD IS COMMITTED TO THE INTERGRATION OF THE LIBERAL ARTS, THE PROFESSIONS AND TECHNOLOGY, TO THE EXPLORATION OF VALUES, A SENSE OF COMMUNITY AND TO THE PREPARATION OF STUDENTS FOR LIVES OF RESONSIBILITY, LEADERSHIP AND SERVICE. 21 21 1218 0 171336 -68068 10610563 8274404 54591926 54426798 910256 1387738 0 0 66112745 64088940 23493308 22187869 0 0 20803501 21051877 0 0 1575112 17336067 18285718 61632876 61525464 4479869 2563476 135033578 144738463 32267742 33763968 102765836 110974495 X HOOD COLLEGE PREPARES STUDENTS TO EXCEL IN MEETING THE PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES OF THE FUTURE. HOOD IS COMMITTED TO THE INTEGRATION OF THE LIBERAL ARTS, THE PROFESSIONS AND TECHNOLOGY, TO THE EXPLORATION OF VALUES, A SENSE OF COMMUNITY AND TO THE PREPARATION OF STUDENTS FOR LIVES OF RESPONSIBILITY, LEADERSHIP AND SERVICE. 0 0 48827441 22187869 54255462 HIGHER EDUCATION-FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE TWENTY-SEVEN MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 14 MASTER'S DEGREES AND FIVE POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2012, TOTAL ENROLLMENT WAS 2,422 STUDENTS COMPRISED OF 1,434 UNDERGRADUATE AND 988 STUDENTS SEEKING MASTER'S DEGREES, CERTIFICATES OF CERTIFICATION. 48827441 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 165 0 1 1218 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X DARIAN SCHULZE 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 PHILIP A BERKHEIMER 2.00 X 0 0 0 JANET SPAULDING NUNN 2.00 X 0 0 0 M RICHARD ADAMS 2.00 X 0 0 0 AMY K CHAN 2.00 X 0 0 0 JANET H COTTON 2.00 X 0 0 0 CHERYL BROWN DREILING 2.00 X 0 0 0 MARGERY LESSER ELFIN PHD 2.00 X 0 0 0 JOAN ESSELEN FOOT 2.00 X 0 0 0 MARK E FRIIS 2.00 X 0 0 0 J BRIAN GAENG 2.00 X 0 0 0 JOHN K HODGES 2.00 X 0 0 0 ROBERT G HOOPER 2.00 X 0 0 0 KEVIN C JACKSON 2.00 X 0 0 0 GEORGE E LEWIS JR DVM 2.00 X 0 0 0 JUDITH MESSINA 2.00 X 0 0 0 JACOB RAY RAMSBURG III 2.00 X 0 0 0 E JAMES REINSCH 2.00 X 0 0 0 MALINDA B SMALL 2.00 X 0 0 0 SAMUEL R WELLS III 2.00 X 0 0 0 SUSAN WHALEY 2.00 X 0 0 0 NEAL J WILSON 2.00 X 0 0 0 RONALD J VOLPE PH D 60.00 X 310145 0 156039 CHARLES G MANN 40.00 X 169277 0 20096 DARIAN SCHULZE 40.00 X 85987 0 14379 DIANE WISE 40.00 X 58752 0 3090 KATHLEEN BANDS 40.00 X 117903 0 18952 KATHERINE CONWAY-TURNER 40.00 X 149893 0 23120 NANCY GILLECE 40.00 X 135409 0 8324 OLIVIA WHITE 40.00 X 120905 0 6852 CORNELIUS FAY 40.00 X 112150 0 6754 1260421 0 257606 7 0 1 0 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 60673 FACILITIES MANAGEMENT 2000912 ARAMARK SERVICES INC 5271 ELLIOT ROAD BUTLER PA 160018105 FOOD SERVICES 1396342 SIMPLEX GRINNELL ONE COLLEGE AVENUE FREDERICK MD 21701 SPRINKLERS & FIRE ALARM SERVICES 445798 SPIRES PROPERTY SERVICES 403A MAGNOLIA AVENUE FREDERICK MD 21701 BUILDING EXTERIOR REFURBISHING SERVICES 211171 BB&T INSURANCE SERVICES 1201 NORTH EAST STREET PO BOX 23 FREDERICK MD 21705 INSURANCE BROKERAGE SERVICES 205456 9 1890605 6383799 265192 8274404 GROSS TUITION 611600 46003724 46003724 AUXILIARY ENTERPRISES 713990 7975411 7804075 171336 OTHER EDUCATIONAL AND GENERAL 611600 447663 447663 54426798 1060029 1060029 12776316 12448607 327709 327709 327709 64088940 54255462 171336 1387738 22187869 22187869 1020377 694281 285045 41051 16054656 10923858 4484906 645892 595534 405211 166364 23959 2240945 1524778 626012 90155 1140365 775923 318564 45878 15085 10264 4214 607 89710 61040 25061 3609 185752 185752 6799652 4626597 1899499 273556 256568 174573 71673 10322 957428 651450 267460 38518 1739218 1183393 485855 69970 744887 506834 208086 29967 3310146 2252279 924697 133170 283785 193092 79276 11417 UTILITIES AND TELECOMMU 1585205 1078600 442831 63774 RENTALS AND LEASES 877136 596818 245030 35288 POSTAGE, DUPLICATING AN 571888 389122 159758 23008 OTHER 381357 259483 106532 15342 487901 331976 136296 19629 61525464 48827441 11122911 1575112 769873 103000 264815 58881 599642 1678751 3890671 4298524 58134 90978 316922 426953 116867702 52092212 62095584 64775490 21909669 30677878 31993361 34054370 13134907 8573638 135033578 144738463 3901009 4266597 486397 331788 15862295 15839295 4627601 3895962 7390440 9430326 32267742 33763968 X 40349041 42144796 21057932 25331324 41358863 43498375 102765836 110974495 135033578 144738463 X 2563476 5512388 132795 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62064298 3366631 6484158 2487094 69427993 63440430 3285951 -2373423 2288660 62064298 51630273 4570822 9387527 2148192 63440430 47488121 1062827 5416867 2337542 51630273 59084921 269907 -9372947 2493760 47488121 0.11000 0.63000 0.26000 1 0 544775 544775 76477760 31305369 45172391 20104656 3972744 16131912 17985645 16254857 1730788 1754866 559242 1195624 64775490 FIXED INCOME BONDS 10885912 F REAL ESTATE INVESTMENTS 3317022 F HEDGE FUNDS/ALTERNATIVE 19851436 F 34054370 INTEREST HELD IN TRUST BY OTHERS 8397554 CASH AND SHORT TERM INVESTMENTS 176084 8573638 SPLIT INTEREST AGREEMENTS 2210659 REFUNDABLE ADVANCES FROM US GOVERNMENT 2530866 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1304724 INTEREST RATE SWAP 914910 DEFERRED BUILDING IMPROVEMENT LIABILITIES 1809167 LINE OF CREDIT 660000 9430326 X 47360502 5512388 132795 5645183 41715319 185752 22187869 22373621 64088940 39152143 0 39152143 185752 22187569 22373321 61525464 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR INSTRUCTION, SCHOLARSHIPS, AND ACADEMIC SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON UNRELATED BUSINESS ACTIVITIES, UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STAT3MENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2013 OR 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ($215,034) AND INTEREST RATE SWAP AGREEMENT $347,829 PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $20,245,922, FINANCIAL AID SCHOLARSHIPS FUNDED $1,941,947 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $20,245,922, FINANCIAL AID SCHOLARSHIPS FUNDED $1,941,947AND NET CONSOLIDATING EXPENSE ENTRIES OF ($300). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PLACED ON ALL PUBLICATIONS AND PRINTED MATERIALS. SPECIFICALLY, THE POLICY APPEARS ON THE APPLICATION MATERIALS, LETTERS TO POTENTIAL STUDENTS AND ON THE ORGANIZATION'S WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 HOOD COLLEGE RECEIVES THE FOLLOWING FEDERAL ASSISTANCE: DIRECT STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION, AND US DEPARTMENT OF EDUCATION PASS-THRU FUNDING FROM THE STATE OF MARYLAND. IN ADDITION, HOOD COLLEGE RECEIVED GRANT AWARDS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, US DEPARTMENT OF COMMERCE, US DEPARTMENT OF DEFENSE, AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES AND NATIONAL INSTITUTE OF HEALTH. 1 HOOD COLLEGE PROVIDES SCHOLARSHIP TO STUDENTS ATTENDING THE COLLEGE 1296 22187869 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL HOOD COLLEGE GRANTS, COLLEGE WORK-STUDY AWARDS, PERKINS LOANS AND MOST STAFFORD LOANS ARE BASED ON FINANCIAL NEED. HOOD SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT AS EVALUATED THROUGH THE STUDENT'S HIGH SCHOOL RECORD AND SAT SCORES. MANY SCHOLARSHIP RECIPIENTS' TOTAL FINANCIAL AID PACKAGES ALSO INTEGRATE NEED BASED AWARDS. ALL GRANTS AND AWARDS REQUIRE REPORTING OF FUND USAGE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 RONALD J VOLPE PH D 308722 0 0 0 1423 0 112500 0 43539 0 466184 0 0 0 CHARLES G MANN 168890 0 0 0 387 0 8669 0 11427 0 189373 0 0 0 KATHERINE CONWAY-TURNER 149299 0 0 0 594 0 7881 0 15239 0 173013 0 0 0 A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000094 2010-07-18 15800295 BUILDINGS AND STRUCTURES, LAND 0 0 0 A 158000295 219300 15580995 2011 0 0 1 1 A 0 0 0 0 0 0 1 A 1 1 1 BB&T 5.600000000000 1 0 0 0 0 KEVIN JACKSON TRUSTEE 107232 RENTAL OF FOUR CONDOMINIUMS 0 X 9 265192 SALES PRICE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS OR A DESIGNATED REPRESENTATIVE OF THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY OF HOOD COLLEGE IS THAT EACH MEMBER OF THE BOARD SHALL EXECUTE AND SUBMIT ON AN ANNUAL BASIS DURING HER/HIS TERM OF SERVICE A DISCLOSURE OF INTEREST STATEMENT. THE CHAIRPERSON OF THE BOARD, IN CONJUNCTION WITH THE MANAGEMENT OF THE COLLEGE, MONITORS THE SUBMISSION OF THESE FORMS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 PER THE BYLAWS, THE EXECUTIVE/COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO SET THE PRESIDENT'S SALARY. DECISIONS REGARDING THE PRESIDENT'S SALARY ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE/COMPENSATION COMMITTEE AND BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO AID IN THE DETERMINATION OF HIRING SALARIES AS WELL AS ON-GOING ADJUSTMENTS. SALARY REVIEWS AND ADJUSTMENTS FOR ALL EMPLOYEES, EXCLUDING THE PRESIDENT, ARE PERFORMED PERIODICALLY BY SUPERVISORS. RECOMMENDATIONS ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, THE BUDGET DIRECTOR, AND THE DIVISIONAL VICE PRESIDENT. SALARY ADJUSTMENTS ARE APPROVED BY THE VICE PRESIDENT FOR FINANCE & TREASURER OR THE PRESIDENT. THE LAST SUCH SALARY REVIEW TOOK PLACE IN JULY 2013 FOR STAFF AND SALARY AND IN OCTOBER 2013 FOR THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 HOOD COLLEGE MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, A COPY OF THE 990 IS AVAILABLE FOR REVIEW ON THE WEBSITE WWW.GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -215,034. CHANGE IN VALUE OF SWAP AGREEMENTS 347,829. HOOD COLLEGE FOUNDATION 401 ROSEMONT STREET FREDERICK MD 21701 521961144 SUPPORT OF HOOD COLLEGE MD 501(C)(3) LINE 11A, I HOOD COLLEGE 0 HOOD COLLEGE LP 401 ROSEMONT AVENUE FREDERICK MD 21701 521969014 INVESTING MD INVESTMENT -297 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0