2013-02-14T15:44:34-07:00 2012-06-30 990 2011-07-01 010211781 PRESIDENT AND TRUSTEES OF BATES COLLEGE PRES 2077868339 216 Lane Hall 2 Andrews Rd Lewiston ME 04240 Terry Beckmann 2077868339 2013-02-14 2011 2016-03-07 17:11:31Z Terry Beckmann 216 Lane Hall 2 Andrews Road Lewiston ME 04240 155945295 0 X www.bates.edu X 1855 ME Bates College is a private, highly selective, residential college devoted to undergraduate study in the traditional disciplines of the liberal arts and sciences as well as in emerging interdisciplinary programs. 41 35 2357 2686 -82019 -84251 14023138 13378328 95509418 101708445 18652925 12676514 -57815 -39706 128127666 127723581 24391778 27393033 0 0 56991178 58423492 0 13211 4891037 38158360 39786556 119541316 125616292 8586350 2107289 452454920 432829921 106821058 102540776 345633862 330289145 Bates is a college of the liberal arts and sciences, and is a coeducational, nonsectarian, residential college with special commitments to academic rigor, and to assuring in all of its efforts the dignity of each individual, and access to its programs and opportunities by qualified learners. Bates offers a curriculum and faculty that challenge students to attain intellectual achievements and to develop powers of critical assessment, analysis, expression, aesthetic sensibility, and independent thought. The College sponsors cultural, volunteer, athletic, social, and religious opportunities which are open to all students, and values participation in these activities. 0 0 108778762 27393033 101708445 Higher Education: Bates College, widely regarded as one of the finest liberal arts colleges in the nation, is dedicated to the principle of active engagement. A 10-1 student-faculty ratio makes possible close collaborations in classroom and laboratory; the Bates learning experience is honed through seminars, research, service-learning, and the capstone of senior thesis. Typically, two-thirds of Bates's approximately 1,700 students on campus study abroad at some point during their academic careers at Bates. Co-curricular life is rich: most students participate in one of more than 90 student-run clubs and organizations. Alumni frequently cite the capacities they develop at Bates for critical assessment, analysis, expression, aesthetic sensibility and independent thought. About 40 percent of students participate in career internships, and more than two-thirds of recent graduates enroll in graduate study within 10 years after graduation. (Approximately 1,700 students on-campus.) 0 0 0 108778762 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 0 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 0 0 0 0 1 360 0 1 2357 1 1 1 0 0 0 0 0 0 0 0 0 X 41 35 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Treasurer 2077868339 Bates College 2 Andrews Rd Lewiston ME 04240 Stuart B Abelson 1 X 0 0 0 Alison R Bernstein 1 X 0 0 0 H Scott Bierman 1 X 0 0 0 Michael W Bonney 1 X 0 0 0 Steven A Brown 1 X 0 0 0 Andrea C Bueschel 1 X 0 0 0 Ann E Bushmiller 1 X 0 0 0 Nancy J Cable 40 X X 248062 0 62814 William C Carey 1 X 0 0 0 J Michael Chu 1 X 0 0 0 George W Cole 1 X 0 0 0 Laura Young Connelly 1 X 0 0 0 Darrell W Crate 1 X 0 0 0 Geraldine M FitzGerald 1 X 0 0 0 Richard H Forde 1 X 0 0 0 Scott D Freeman 1 X 0 0 0 Marjorie Northrop Friedman 1 X 0 0 0 Stephen M Fuller 1 X 0 0 0 John D Gillespie 1 X 0 0 0 Christopher J Gorayeb 1 X 0 0 0 Susan S Kozik 1 X 0 0 0 Dervilla M McCann 1 X 0 0 0 James J McNulty 1 X 0 0 0 Jamie P Merisotis 1 X 0 0 0 Karl O Mills 1 X 0 0 0 Dana Petersen Moore 1 X 0 0 0 James F O'Brien 1 X 0 0 0 David W Parmelee 1 X 0 0 0 Sarah R Pearson 1 X 0 0 0 Jennifer L Porter 1 X 0 0 0 Mary H Pressman 1 X 0 0 0 Barbara M Raths 1 X 0 0 0 Carol L Rattray 1 X 0 0 0 John T Rossello Jr 1 X 0 0 0 Jeremy M Sclar 1 X 0 0 0 Lena Sene 1 X 0 0 0 Valerie A Smith 1 X 0 0 0 Bruce E Stangle 1 X 0 0 0 Quoc Kinh Tran 1 X 0 0 0 Kathleen M Whelan 1 X 0 0 0 Victoria A Wicks 1 X 0 0 0 Terry J Beckmann 40 X 229362 0 49049 Elaine Hansen 0 X X 191342 0 41920 Kelly Kerner 40 X 229668 0 62378 Pamela Baker 40 X 199756 0 40766 Eugene Wiemers 40 X 163351 0 36824 Tedd Goundie 40 X 153581 0 48275 Wylie Mitchell 40 X 185851 0 46956 Alice Reich 40 X 215172 0 42610 Michael Murray 40 X 178698 0 50446 Georgia Nigro 40 X 158255 0 43323 Thomas Wenzel 40 X 154412 0 31898 Margaret Maurer-Fazio 40 X 147941 0 38926 2455451 0 596185 77 1 1 0 Wright-Ryan Construction Inc 10 Danforth Street Portland ME 04101 Construction 6708566 Consigli Construction 84 Middle Street Portland ME 04101 Construction 1136083 Langford & Low Inc PO Box 662 Portland ME 04104 Construction 925297 Generation Branding and Communicatins Inc dba Generation 55 Washington Street No 802 Brooklyn NY 11201 Consulting 326579 PricewaterhouseCoopers 125 High Street Boston MA 02110 Auditing 246103 12 0 0 31510 0 2188055 11158763 1042647 13378328 Student Tuition and Fees 611310 96565106 96565106 0 0 Other Education Programs and Events 611310 3325145 3325145 0 0 Auxiliary 611710 1818194 1818194 0 0 0 0 0 0 101708445 1610112 0 0 1610112 0 0 0 0 0 0 0 0 531185 0 551637 0 -20452 0 -20452 0 0 -20452 30829642 7842576 27605816 0 3223826 7842576 11066402 0 -82019 11148421 45007 31510 64261 -19254 0 -19254 0 127723581 101708445 -82019 12718827 26367874 26367874 1025159 1025159 1425824 597235 671203 157386 42964991 37056153 3333766 2575072 4225618 3652665 320502 252451 6603477 5638821 565421 399235 3203582 2742950 263466 197166 120523 2628 113355 4540 259674 259674 13211 13211 1420933 1420933 2840347 1697415 1029732 113200 2911051 2404089 307966 198996 5036826 3525778 1511048 5387034 4775837 596890 14307 2319908 1904605 159951 255352 329828 306969 -5075 27934 3221706 3186790 34916 5856555 5605753 250802 290546 290546 Food and Beverage 3221046 2541002 294055 385989 Books, Periodicals & Collections 1942896 1846814 70994 25088 Cost of Sales 969527 916715 28816 23996 Equipment Rental, Maintenance & Other 3658156 2983510 427532 247114 125616292 108778762 11946493 4891037 19760 22292 18299552 9556678 4987800 4429058 1286142 1510209 6757458 6479518 462297 484884 2074775 2680764 210146338 68133142 127652913 142013196 66590962 83226540 197147594 170423089 27175667 12003693 452454920 432829921 10654865 8083703 3522359 3079928 66400450 63710450 104361 58888 26139023 27607807 106821058 102540776 X 112596263 109851016 92046724 77337588 140990875 143100541 345633862 330289145 452454920 432829921 X 2107289 -17452006 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1 0 0 0 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College pays membership dues to various organizations, some portion of which may be used for lobbying in connection with issues that impact higher education. 0 0 X X X X 0 0 1 231451110 2176458 -6246499 4406836 6818020 0 216156213 198547532 4693542 39499054 4671603 6617415 0 231451110 183848236 2126729 24566052 4981733 7011752 0 198547532 267220050 1869333 -72712163 5021295 7507689 0 183848236 0.14 0.86 0 0 0 991298 2827230 3818528 5158920 188146548 60678720 132626748 0 0 0 0 0 13022342 7454422 5567920 0 0 0 0 142013196 0 Equity Securities and Funds 32411286 F Venture Capital and Private Equity Partnerships 47179456 F Hedge Funds 60479139 F Fixed Income Funds 12583213 F Real Estate, Commodity, and Other Funds 17769995 F 170423089 Asset Retirement Obligations 5747450 Bond Premiums 1112423 Split Interest Agreement and Annuity Obligations 14389219 Federal Student Loan Funds Repayable 6358715 27607807 127723581 125616292 2107289 -17452006 0 0 0 0 -17452006 -15344717 109466539 -17452006 0 0 0 -17452006 126918545 1420933 -615897 805036 127723581 124811256 0 0 0 0 0 124811256 1420933 -615897 805036 125616292 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The College's policy is not to capitalize collections, primarily art objects, as they are held for educational, research, and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. Any proceeds from the sale of collection items are used to acquire other items for the collection. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Museum of Art permanent collection is comprised of over 5,000 objects and growing, in large part due to the generosity of gifts of fine works of art from patrons. The collection is regularly studied by students across academic disciplines, and Museum of Art Interns and Independent Study students research and study objects from this vital college research field each semester. Their participation is frequently an important component of collection exhibitions. The Museum of Art brings a world of ideas to Bates College and the state of Maine. Through temporary exhibitions, the permanent collection, programming and education programs the Museum of Art is an integral part of the intellectual and cultural life of the College and region, serving as a laboratory for creative thought and a social space where artists, curators, scholars, students and visitors engage with art together. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Funds held on behalf of student groups for student-initiated activities. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The investment time horizon for the endowment is long-term, consistent with its expected perpetual life. The financial goals for the endowment are (a) to achieve investment returns, net of all costs of management, over full market cycles at least equal to the sum of the rate of inflation (Higher Education Price Index) and the spending rate, and (b) to provide a predictable and stable flow of funds for the operating budget of the College. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Rental and fundraising expenses included in Part VIII, line 6b and line 8b. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Rental and fundraising expenses included in part VIII, line 6b and 8b. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The college catalog contains the College's racial non-discrimination policy. All admitted students and prospective students who sign up for our mailing list receive a catalog and any person may receive a catalog upon request. The College's non-discrimination policy is included in several places on the College's official website, including the online Student Handbook. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Pell Grant Program, Perkins Loan Program, Supplemental Educational Opportunity Grants, Federal Work Study 1 Europe (including Iceland and Greenland) 0 2 Program Services Fall Semester Abroad Program 274234 Central America and the Caribbean 0 2 Program Services 5-week short term educational program 59130 Europe (including Iceland and Greenland) 0 3 Program Services 5-week short term educational program 63835 Middle East and North Africa 0 1 Program Services 5-week short term educational program 36058 Europe (including Iceland and Greenland) 0 6 Program Services Federally sponsored research award 50979 Central America and the Caribbean 0 1 Program Services Foreign travel for students, staff, and faculty members 3135 East Asia and the Pacific 0 8 Program Services Foreign travel for students, faculty and staff 20441 Europe (including Iceland and Greenland) 0 44 Program Services Foreign travel for students, faculty and staff 120809 North America (including Canada and Mexico, but not the United States) 0 22 Program Services Foreign travel for students, faculty and staff 27387 South America 0 3 Program Services Foreign travel for students, faculty and staff 12090 Sub-Saharan Africa 0 1 Program Services Foreign travel for students, faculty and staff 291 Europe (including Iceland and Greenland) 0 0 Investments Europe, including Iceland and Greenland Investment Book Value - $6,124,000, expenses - $10,529 6124000 Central America and the Caribbean 0 0 Investments 53016810 0 93 59809199 Need based financial aid Europe (including Iceland and Greenland) 52 725300 Checks and wire 0 Need based financial aid East Asia and the Pacific 11 138771 Check and wire 0 Need based financial aid Sub-Saharan Africa 12 122841 Checks and wire 0 Need based financial aid South America 4 34593 Checks and wire 0 Need based financial aid Central America and the Caribbean 1 3654 Checks and wire 0 1 0 1 1 1 1 SchF_P01_S00_L02 Schedule F, Part I, Line 2 For need based financial aid for students studying abroad, an official transcript from the institution abroad is obtained to confirm the student's study and proper use of funds. For each Fall Semester Abroad and Short Term educational programs, a comprehensive and detailed budget is prepared by the faculty member(s) and reviewed by the administration; disbursements are individually requested, reviewed, and compared to the budget; and receipts and subsequent expense reports are prepared by the faculty member(s) and reviewed by the administration. For Federal Awards for research activities, a comprehensive budget and budget justification is approved by the Federal awarding agency, an annual independent single audit is conducted in accordance to A-133 compliance guidelines with federal spending. Football Golf Outing 45648 17825 27823 410 6256 17120 6967 0 590 Men's Basketball Golf Outing 24144 8435 15709 0 3453 5065 6941 0 15459 1 6725 5250 1475 0 0 2000 0 0 0 76517 31510 45007 410 9709 24185 13908 0 16049 64261 -19254 1 Need based financial aid including federal financial aid grants 746 0 26367874 Cash basis Need based financial aid grants SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grant funds are credited to student accounts in the form of need-based financial aid that reduce the comprehensive fee. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Nancy J Cable 250000 0 0 0 0 0 28675 0 34196 0 312871 0 0 0 Terry J Beckmann 226300 0 0 0 3062 0 26431 0 22675 0 278468 0 0 0 Kelly Kerner 233450 0 0 0 0 0 27289 0 35146 0 295885 0 0 0 Pamela Baker 194938 0 0 0 4818 0 23252 0 20337 0 243345 0 0 0 Eugene Wiemers 164550 0 0 0 0 0 19021 0 17860 0 201431 0 0 0 Tedd Goundie 158450 0 0 0 0 0 18289 0 39417 0 216156 0 0 0 Elaine Hansen 189000 0 0 0 2342 0 21955 0 19993 0 233290 0 0 0 Alice Reich 215256 0 0 0 0 0 25106 0 17561 0 257923 0 0 0 Wylie Mitchell 90735 0 0 0 95116 0 20415 0 26579 0 232845 0 0 0 Michael Murray 185632 0 0 0 0 0 21551 0 28952 0 236135 0 0 0 Georgia Nigro 159432 0 0 0 0 0 18407 0 24928 0 202767 0 0 0 Thomas Wenzel 132082 0 0 0 22329 0 15125 0 16830 0 186366 0 0 0 Margaret Maurer-Fazio 147060 0 0 0 882 0 16923 0 25685 0 190550 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Pursuant to employment agreements as a condition of employment and for the convenience of the College, a campus residence was provided to Interim President Nancy Cable, Vice President for Academic Affairs and Dean of Faculty Pamela Baker, and Dean of Students Tedd Goundie. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 Wylie Mitchell received a payment of $85,429 in conjunction with his retirement. Maine Health and Higher Educational Facilities Authority - 2003B 010314384 560425MY3 2003-07-24 3965000 Proceeds used to fund an electronic security access system 0 0 1 Maine Health and Higher Educational Facilities Authority - 2006B 010314384 560425C40 2006-04-06 37990000 Proceeds were used to construct a new residential village and a new dining hall 0 0 1 Maine Health and Higher Educational Facilities Authority - 2008D 010314384 5604253L2 2008-12-03 15895000 Proceeds used to extinguish the series 2000A and 2000B bonds 0 0 1 Maine Health and Higher Educational Facilities Authority - 2010A 010314384 560427GZ3 2010-04-22 13600000 Proceeds used to renovate and overhaul two residence halls for use as academic facilities 0 0 1 2190000 0 4062828 403888 115130 0 39631 9819 0 3494360 0 0 2004 0 0 1 1 2255000 0 41399910 2506125 2765722 0 355752 128882 0 35643429 0 0 2008 0 0 1 1 3010000 0 15996720 0 0 0 159433 0 0 0 15837287 0 2008 0 1 1 1 210000 0 13799199 894556 761764 0 142794 0 0 12000085 0 0 2011 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 1 FSA 30 1 0 0 1 0 0 1 FSA 30 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X SchK_P01_S00_L00e Schedule K, Part I, Column e The amounts included in Form 990, Schedule K, Part 1, Column (e) represent the par value of the College's portion of each pooled bond issue. The issue price listed on Form 8038, Part III, Line 21(b) includes proceeds for other institutions in addition to the College, the total proceeds for all institutions are as follows: Line A - $60,650,695, Line B - $58,593,636, Line C - $41,658,395, Line D - $99,977,871. SchK_P02_S00_L03 Schedule K, Part II, Line 3 Proceeds include interest on construction funds and net premium proceeds as follows: A - $44,823 interest / $53,005 premium; B - $2,145,899 interest / $1,264,011 premium; C - $0 interest / $101,721 premium; D - $85 interst / $199,114 premium. On file at the College On file at the College 2502 Endowed Professorship Research Award On file at the College On file at the College 3497 Research grant Bruce Stangle Trustee also serves as a board member of an investment trust company. 15178628 Trust company manages two investment vehicles amounting to 6.0% of total college investments. 0 Quoc Tran Trusteee served as a Partner of an investment company. 8402802 Investment company managed a fund in which the College was invested until 2/22/12. Investment balance was $0 at 6/30/12. 0 Mary Pressman Trustee's family member 7321784 Trustee's family member was an officer of a company that serves as the administrator for the College's retirement funds. 0 John Gillespie Trustee also serves as the managing member of an investment company. 3330172 Investment company manages an investment vehicle amounting to $112,068 at 6/30/12. Investment liquidation proceeds during the year amounted to $3,330,172. 0 Pamela Baker Key Employee 37112 Compensation paid to family member employed by the College. 0 X 112 1042647 Exchange Traded Securities 2 0 1 0 SchM_P01_S00_L33 Schedule M, Part I, Line 33 Books and publications, scientific and other collectibles, works of art and historical artifacts were not reported on Form 990, Part VIII, Line 1g, because the College does not capitalize its collections, as allowed under SFAS 116. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee is empowered to act for the Corporation when the Board is not meeting; minutes of Executive Committee meetings are distributed to all Trustees. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Trustees John Gillespie and J. Michael Chu have a business relationship. Trustees John Gillespie and John Rossello have a business relationship. F990_P06_S0A_L04 Form 990, Part VI, Section A, Line 4 Charter and Bylaws were modified to clarify that the Alumni Council may name prospects to the board, and not nominate trustees directly, in order that the power to nominate rest solely with the board; added that notices and materials for meetings may be sent electronically; added that the board may take action outside of meetings with written consent of a majority of the board; added that the board may conduct meetings using any means of communication which permits all to hear simultaneously; added a section describing the role and appointment process for Special Committee Members; and added an article regarding the disposition of assets upon dissolution of the corporation. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The return is reviewed by management and an independent accounting firm and then the Audit and Legal Affairs Committee reviews the entire return in detail; a copy of the return is provided to all board members for review and comment prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c An annual conflict of interest questionnaire is distributed to all board members, institutional officers, key employees, and other personnel with purchasing responsibilities. Responses are reviewed and evaluated by a sub-committee of the Audit and Legal Affairs Committee of the Board of Trustees and reported to the Audit and Legal Affairs Committee and the full board annually. Individuals with a conflict recuse themselves from deliberations, decisions and votes pertaining to the conflict. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually, the President makes recommendations for the officers and key employees other than herself, to the compensation subcommittee which is a subcommittee established by the executive committee of the Board of Trustees and includes the Board Chair and the Chairs of the following committees: Academic Affairs, Budget and Finance, and Audit and Legal Affairs, all of whom are independent. The compensation subcommittee evaluates these recommendations and determines the President's compensation in conjunction with a report prepared by an outside consultant that presents comparable data from 25 peer schools. The compensation subcommittee reviews and approves compensation which is documented and signed by the Board Chair. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Financial Statements are available on the College's website. Other documents are provided upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized losses on investments of $17,452,006 Charitable Remainder Trusts (21) 2 Andrews Rd Lewiston ME 04240 Trust ME T Pooled Income Trusts (2) 2 Andrews Rd Lewiston ME 04240 Trust ME T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchR_P04_S00_L00 Schedule R, Part IV The legal Charitable Trust names, which include donor/contributor names, have been omitted to protect the privacy of the donor/contributor. Records are on file at the College and available to the IRS upon request.