2013-05-10T10:51:50-05:00 2012-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2011-07-01 042321292 PINE MANOR COLLEGE PINE 6177317098 400 HEATH STREET CHESTNUT HILL MA 02467 ELLEN HURWITZ 6177317098 2013-05-08 1 THOMAS WASHBURN CPA P00537319 5083669100 2013-05-07 2011 2016-02-25 16:41:14Z ELLEN HURWITZ 400 HEATH STREET CHESTNUT HILL MA 02467 22829492 0 X WWW.PMC.EDU X 1911 MA PINE MANOR COLLEGE OFFERS A RANGE OF LIBERAL ARTS PROGRAMS TO WOMEN. 20 19 391 120 937227 -21705 1446564 1682232 13900794 10997951 602836 434785 2422129 3582665 18372323 16697633 4118031 3168943 0 0 9135522 8284874 6765 0 487507 7369795 6959188 20630113 18413005 -2257790 -1715372 29385606 25431005 15878213 14041964 13507393 11389041 PINE MANOR COLLEGE OFFERS A RANGE OF LIBERAL ARTS PROGRAMS TO WOMEN. 0 0 13680410 3168943 13643389 THE COLLEGE PROVIDES AN UNDERGRADUATE LIBERAL ARTS EDUCATION TO WOMEN, AN ASSOCIATES DEGREE TO MEN AND A GRADUATE DEGREE IN FINE ARTS TO MEN AND WOMEN. TOTAL ENROLLMENT IS 291 STUDENTS. 13680410 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 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 0 0 0 0 0 1 43 0 1 391 1 1 1 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X TIMOTHY JOHNSON 6177317098 400 HEATH STREET CHESTNUT HILL MA 02467 ALANE SHANKS 40.00 X X 104305 0 566 ELIZABETH CARY BLUM 4.00 X 0 0 0 NADIA CHAMBLIN-FOSTER 4.00 X 0 0 0 SERENA KOKJER GREENING 20.00 X X 0 0 0 LAURIE SAMUELS PASCAL 4.00 X 0 0 0 BRENDA BERSTEIN SHAPIRO 10.00 X X 0 0 0 LYDIA VILLA-KOMAROFF 20.00 X 0 0 0 MARTELLA WILSON-TAYLOR 4.00 X 0 0 0 SHANNON CARROLL MIRANDA 4.00 X 0 0 0 DAVID L MURPHY 20.00 X X 0 0 0 RENEE LAVERNE HARPER 10.00 X X 0 0 0 RACHELLE TAQQU 4.00 X 0 0 0 AMY W FRASER 4.00 X 0 0 0 JACQUELINE HARRIS 4.00 X 0 0 0 ELIZABETH VAN ORSDEL MOULDS 4.00 X 0 0 0 KATHERINE HALSEY NAILOR 20.00 X 0 0 0 SHIAWEE YANG 4.00 X 0 0 0 HEATHER WOODCOCK AYRES 4.00 X 0 0 0 NANCY ISRAEL 4.00 X 0 0 0 SCOTT F O'GORMAN 4.00 X 0 0 0 TIM JOHNSON 40.00 X 89853 0 5479 WILLIAM VOGELE 40.00 X 105308 0 680 GLORIA NEMEROWICZ 40.00 X 315042 0 2911 614508 0 9636 3 1 1 0 ARAMARK FOOD SERVICES 2 PLEASURE ISLAND ROAD WAKEFIELD MA 01880 FOOD SERVICES 2089284 LICAS GROUP 500 FIFTH AVENUE SUITE 1100 NEW YORK NY 10110 TRANSITION MANAGEMENT AND ADMIN AID 266327 SMART LLC PO BOX 17211 RENO NV 89511 PROJECT MANAGEMENT 194289 SEIGENTHALER PUBLIC RELATIONS 331 MADISON AVE NEW YORK NY 10017 PUBLIC RELATIONS 119733 WITTKIEFFER 2015 SPRING ROAD OAK BROOK IL 60523 PRESIDENTIAL SEARCH 106728 6 33952 1648280 60978 1682232 TUITION AND FEES 900099 6729484 6729484 AUXILIARY ENTERPRISES 900099 2252797 2252797 EDUCATIONAL SERVICES 611710 1534384 1534384 CHILD CARE SERVICES 624410 481286 481286 10997951 231771 231771 2696539 0 2696539 2696539 2240598 455941 6334873 6131859 203014 203014 203014 OTHER 900099 587246 587246 FORGIVENESS OF DEBT 900099 298880 298880 886126 16697633 13643389 937227 434785 3168943 3168943 333894 35184 240067 58643 6611430 5298317 1242045 71068 49468 49468 767183 593278 159624 14281 522899 401912 111231 9756 170288 170288 71533 71533 40919 40919 776385 367494 171579 237312 42976 37727 5249 738962 449699 244438 44825 1324826 1267119 57707 45846 33059 11831 956 439869 419415 20454 1047930 999201 48729 150048 9173 140875 ROOM AND BOARD 1321899 233034 1088865 MISCELLANEOUS 368047 212093 140593 15361 BAD DEBT 236250 8800 197976 29474 VEHICLE 79195 76527 2668 104215 69435 28949 5831 18413005 13680410 4245088 487507 1305245 198276 612639 316642 210345 515081 281504 122425 204321 40111511 23722384 17147436 16389127 8831044 6423290 1147733 1111503 29385606 25431005 4133800 2206936 225122 320792 7008689 6817860 3888853 4020407 621749 675969 15878213 14041964 X 2281077 1246216 1536781 969087 9689535 9173738 13507393 11389041 29385606 25431005 X -1715372 -402980 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10329485 655748 42246 1708414 9319065 9274151 117146 1576314 638126 10329485 8364000 16878 893273 9274151 11868301 13152 -1466633 2050820 8364000 0.00000 1.00000 0.00000 0 0 422387 422387 25937918 13846335 12091583 2648633 201230 2447403 10431275 9674819 756456 671298 671298 16389127 ANNUITY PAYMENT LIABILITY 121030 ASSET RETIREMENT OBLIGATION 208392 DEPOSIT 127796 INTEREST RATE SWAP CONTRACT IN LOSS POSITION 218751 675969 16697633 18413005 -1715372 -402980 -402980 -2118352 13136151 -351620 -351620 13487771 40919 3168943 3209862 16697633 15254503 51360 51360 15203143 40919 3168943 3209862 18413005 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS REPRESENT AMOUNTS RECEIVED FROM DONORS WITH STIPULATION THAT THE PRINCIPAL WILL BE HELD IN PERPETUITY AND ONLY THE INVESTMENT INCOME CAN BE SPENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAINTY IN INCOME TAXES THE COLLEGE FOLLOWS STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRE THE COLLEGE TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF JUNE 30, 2012, THE COLLEGE DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE COLLEGE FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS -351,620. UNREALIZED LOSS ON CARRYING VALUE OF INTEREST RATE SWAP CONTRACT -51,360. TOTAL TO SCHEDULE D, PART XI, LINE 8: -402,980. PART XII, LINE 4B - OTHER ADJUSTMENTS: PINE MANOR'S PORTION OF STUDENT AID 3,168,943. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PINE MANOR'S PORTION OF STUDENT AID 3,168,943. 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 A STATEMENT OF PINE MANOR COLLEGE'S NONDISCRIMINATORY POLICY REGARDING STUDENTS IS CONTAINED IN THE COLLEGE'S CATALOGS, BROCHURES, ETC., WHICH ARE AVAILABLE UPON REQUEST. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 PINE MANOR COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL AID ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS NATIONAL DIRECT STUDY LOAN PROGRAM, TITLE II LIBRARY GRANT PROGRAM, BASIC EDUCATIONAL OPPORTUNITY GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND WORK STUDY PROGRAMS. 1 PINE MANOR'S PORTION OF INTERNAL AID 312 3168943 FMV STUDENT AID NSF GRANT SCHOLARSHIPS 11 83330 FMV STUDENT AID ALUMNI SCHOLARSHIP 2 1000 FMV STUDENT AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE RECORDS AND TRACKS GRANTS AND ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 GLORIA NEMEROWICZ 0 0 0 0 315042 0 0 0 2911 0 317953 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 043431814 2008-07-01 7500000 CAPITAL IMPROVEMENTS 0 0 0 682140 7500000 153985 7346015 2010 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 DAVID J MURPHY SON OF A BOARD MEMBER 18773 THE SON OF A MEMBER OF THE COLLEGE'S BOARD OF TRUSTEES IS AN ATTORNEY WITH A LAW FIRM THAT PROVIDES LEGAL COUNSEL TO THE COLLEGE. 0 X 6 60978 MEAN VALUE ON DATE RECEI 0 1 1 THIRD PARTY USE: PART I, LINE 32B: SALE OF NON-CASH CONTRIBUTIONS ARE HANDLED BY THE SCHOOL'S INVESTMENT ADVISOR. NON-CASH ITEMS WERE LIMITED TO SECURITIES CONTRIBUTIONS. THE INVESTMENT POLICY REQUIRES SECURITIES GIFTS TO BE SOLD IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 11 THE DIRECTOR OF FINANCE AND CONTROLLER REVIEWED THE FORM 990 IN DETAIL. THE BOARD CHAIR, BOARD TREASURER AND THE FINANCE COMMITTEE REVIEWED THE FORM 990 IN DETAIL. THE FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS AN ESTABLISHED CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF INDIVIDUAL, FAMILY OR A RELATED ENTITY WHICH ARE ADVERSE TO THE COLLEGE; THE PARTY IS IN A POSITION TO INFLUENCE A DECISION BENEFITING THE PARTY; DIRECT OR INDIRECT INVESTMENT INTEREST WHICH MAY IMPAIR INDEPENDENCE OR FINANCIAL INTEREST WHICH COULD BENEFIT BY A DECISION OR OPERATIONS OF THE COLLEGE. THERE IS A POLICY WHICH IS DISTRIBUTED TO OFFICERS, TRUSTEES AND KEY EMPLOYEES WHICH REQUIRES IT BEING SIGNED AND RETURNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT HAS A CONTRACT WITH THE COLLEGE. THE EXECUTIVES RECEIVE THE SAME RATE INCREASES AS STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION, WHEN REQUESTED. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE A-133 WEB SITE AND TAX RETURNS ARE AVAILABLE ON GUIDESTAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED LOSS ON INVESTMENTS -351,620. UNREALIZED LOSS ON CARRYING VALUE OF INTEREST RATE SWAP CONTRACT -51,360. TOTAL TO FORM 990, PART XI, LINE 5: -402,980. FORM 990, PART XII, LINE 2C THERE IS AN AUDIT COMMITTEE, WHICH IS A SUB GROUP OF THE FINANCE COMMITTEE THAT OVERSEES THE AUDIT PROCESS. THE FULL BOARD VOTES TO ENGAGE THE AUDITORS ANNUALLY.