MAGDALEN COLLEGE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: MAGDALEN COLLEGE (EIN 02-0309681)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-15
IRS object ID: 201311359349301056
Schema version: 2011v1.5
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 D
Schedule E
Schedule I
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-15T07:42:05-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HESSION & PARE PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	62 STARK STREET	AddressLine1
City	MANCHESTER	City
State	NH	State
ZIP Code	031011970	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	020309681	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MAGDALEN COLLEGE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MAGD	NameControl
Phone	6034562656	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	511 KEARSAGE MOUNTAIN ROAD	AddressLine1
City	WARNER	City
State	NH	State
ZIP Code	032789206	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GEORGE A HARNE	Name
Title	PRESIDENT	Title
Phone	6034562656	Phone
Date Signed	2012-11-05	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN H HESSION	Name
Phone	6036695477	Phone
Date Prepared	2013-05-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GEORGE A HARNE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	511 KEARSAGE MOUNTAIN ROAD	AddressLine1
City	WARNER	City
State	NH	State
ZIP Code	032789206	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1472470	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.MAGDALEN.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1973	YearFormation
State Legal Domicile	NH	StateLegalDomicile
Activity Or Mission Description	ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	11	NbrIndependentVotingMembers
Total Nbr Employees	43	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	309378	ContributionsGrantsPriorYear
Contributions Grants Current Year	198697	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1188264	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1219751	ProgramServiceRevenueCY
Investment Income Prior Year	-640416	InvestmentIncomePriorYear
Investment Income Current Year	3813	InvestmentIncomeCurrentYear
Other Revenue Prior Year	92445	OtherRevenuePriorYear
Other Revenue Current Year	43993	OtherRevenueCurrentYear
Total Revenue Prior Year	949671	TotalRevenuePriorYear
Total Revenue Current Year	1466254	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	183930	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	194901	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1038425	SalariesEtcPriorYear
Salaries Etc Current Year	1248901	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	222820	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1146865	OtherExpensePriorYear
Other Expenses Current Year	1150440	OtherExpensesCurrentYear
Total Expenses Prior Year	2369220	TotalExpensesPriorYear
Total Expenses Current Year	2594242	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-1419549	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1127988	RevenuesLessExpensesCY
Total Assets BOY	5175599	TotalAssetsBOY
Total Assets EOY	4761370	TotalAssetsEOY
Total Liabilities BOY	1817294	TotalLiabilitiesBOY
Total Liabilities EOY	2583885	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	3358305	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2177485	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1747143	Expense
Grants	194901	Grants
Revenue	1219751	Revenue
Description	THE COLLEGE PROGRAM OF STUDIES OFFERS ASSOCIATE AND BACHELOR OF ARTS DEGREES OVER A TWO TO FOUR YEAR COURSE OF FULL-TIME STUDY. THE PROGRAM IS AN INTEGRATED PROGRAM OF LIBERAL ARTS AND ROMAN CATHOLIC THEOLOGY TAUGHT IN THE SOCRATIC SEMINAR PEDAGOGICAL METHOD.	Description
Total Program Service Expense	1747143	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	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	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	43	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
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	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	11	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	true	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	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NH	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GEORGE A HARNE	NamePerson
Telephone Number	6034562656	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	511 KEARSAGE MOUNTAIN ROAD	AddressLine1
City	WARNER	City
State	NH	State
ZIP Code	03278	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (13 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
GEORGE A HARNE PHD
TRUSTEE - PR	60.00	X	X	74250	0	0
RDANIEL PETERSON
TREASURER	40.00	X	X	60000	0	0
JOHN J BISGROVE
VICE CHAIRMA	2.00	X	X	0	0	0
DAVID CURRIER
CHAIRMAN	2.00	X	X	0	0	0
JOSEPH GEMMELL
TRUSTEE	2.00	X		0	0	0
MICHAEL MCGRATH
TRUSTEE	2.00	X		0	0	0
ANDY LAVALLEE
TRUSTEE	2.00	X		0	0	0
MICHAEL KANE
TRUSTEE	2.00	X		0	0	0
ROBERT LLOYD ESQ
SECRETARY	2.00	X	X	0	0	0
JAMES COFFEY
TRUSTEE	2.00	X		0	0	0
ALLEN HUNT
TRUSTEE	2.00	X		0	0	0
ANTHONY NADER
TRUSTEE	2.00	X		0	0	0
PETER SAMPO
TRUSTEE	2.00	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	134250	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	198697	AllOtherContributions
Total Contributions	198697	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION, ROOM, & BOARD - NET	611600	1182972	1182972
SUMMER PROGRAM	611600	36779	36779

Field	Value	IRS element (for citing)
Total Program Service Revenue	1219751	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2215	TotalRevenueColumn
Related Or Exempt Function Income	2215	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	7814	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	6216	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	1598	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	1598	TotalRevenueColumn
Related Or Exempt Function Income	1598	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	43993	TotalRevenueColumn
Related Or Exempt Function Income	43993	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	43993	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1466254	TotalRevenueColumn
Related Or Exempt Function Income	1267557	RelatedOrExemptFunctionIncome

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	194901	Total
Program Services	194901	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	133500	Total
Program Services	90780	ProgramServices
Management And General	24030	ManagementAndGeneral
Fundraising	18690	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	856882	Total
Program Services	583079	ProgramServices
Management And General	157674	ManagementAndGeneral
Fundraising	116129	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	3411	Total
Program Services	2324	ProgramServices
Management And General	622	ManagementAndGeneral
Fundraising	465	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	178738	Total
Program Services	121799	ProgramServices
Management And General	32571	ManagementAndGeneral
Fundraising	24368	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	76370	Total
Program Services	51647	ProgramServices
Management And General	14014	ManagementAndGeneral
Fundraising	10709	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	12583	Total
Management And General	12583	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	14675	Total
Management And General	14675	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	154549	Total
Program Services	12068	ProgramServices
Management And General	138719	ManagementAndGeneral
Fundraising	3762	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	39561	Total
Program Services	28650	ProgramServices
Fundraising	10911	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	34099	Total
Program Services	14398	ProgramServices
Management And General	9036	ManagementAndGeneral
Fundraising	10665	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	140626	Total
Program Services	140626	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	34246	Total
Program Services	11760	ProgramServices
Management And General	12581	ManagementAndGeneral
Fundraising	9905	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	12352	Total
Program Services	2248	ProgramServices
Management And General	9809	ManagementAndGeneral
Fundraising	295	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	73715	Total
Management And General	73715	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	236087	Total
Program Services	236087	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	53954	Total
Management And General	53954	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
FOOD SERVICES	104078	103755	323
PROPERTY TAX	46055	46055
MISCELLANEOUS	45039	14320	19190	11529
PROGRAM EXPENSES	31505	31505

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	117316	Total
Program Services	61141	ProgramServices
Management And General	50783	ManagementAndGeneral
Fundraising	5392	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2594242	Total
Program Services	1747143	ProgramServices
Management And General	624279	ManagementAndGeneral
Fundraising	222820	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	41695	BOY
EOY	285165	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	5302	BOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	343656	BOY
EOY	22181	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	54243	BOY
EOY	51491	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8544866	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	4252673	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	4509437	BOY
EOY	4292193	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	115947	BOY
EOY	110340	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	105319	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5175599	BOY
EOY	4761370	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	126924	BOY
EOY	260383	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	462976	BOY
EOY	8600	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	290000	BOY
EOY	290000	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
EOY	1100000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	937394	BOY
EOY	924902	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1817294	BOY
EOY	2583885	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	3351469	BOY
EOY	2157112	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
EOY	13537	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	6836	BOY
EOY	6836	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3358305	BOY
EOY	2177485	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5175599	BOY
EOY	4761370	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-1127988	ReconcilationRevenueExpenses
Reconcilation Other Changes	-52832	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

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 D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	6836	BeginningOfYearBalance
End Of Year Balance	6836	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	6836	BeginningOfYearBalance
End Of Year Balance	6836	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	6836	BeginningOfYearBalance
End Of Year Balance	6836	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	35731	BeginningOfYearBalance
Other Expenditures	28895	OtherExpenditures
End Of Year Balance	6836	EndOfYearBalance

Field	Value	IRS element (for citing)
Permanent Endowment EOY Balance	1.00000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	258475	OtherCostOrOtherBasis
Book Value	258475	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7534340	OtherCostOrOtherBasis
Depreciation	3724024	Depreciation
Book Value	3810316	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	752051	OtherCostOrOtherBasis
Depreciation	528649	Depreciation
Book Value	223402	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4292193	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
LINE OF CREDIT	$496,157
PENSION ANNUITY OBLIGATION	$365,835
CHARITABLE GIFT ANNUITY	$62,910

Field	Value	IRS element (for citing)
Total Of Amounts	924902	TotalOfAmounts
Total Revenue	1466254	TotalRevenue
Total Expenses	2594242	TotalExpenses
Excess Or Deficit For Year	-1127988	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-2097	NetUnrealizedGLOnInvestments
Other	-$50,735	OtherAmount
Total Adjustments	-52832	TotalAdjustments
Excess Or Deficit Per FS	-1180820	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1218521	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-2097	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-2097	RevenueNotRptdF990
Revenue Subtotal	1220618	RevenueSubtotal
Other Revenues Not Included	245636	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	245636	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	1466254	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2399341	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	2399341	ExpensesSubtotal
Other Expenses Not Included	194901	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	194901	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	2594242	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	CHANGE IN PENSION LIABILITY -36,361 CHANGE IN GIFT ANNUITY OBLIGATIONS -14,374 SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT -194,901 SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 194,901
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	CHANGE IN PENSION LIABILITY 36,361 CHANGE IN GIFT ANNUITY OBLIGATIONS 14,374 SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 194,901
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 194,901

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	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	SCHOLARSHIP	TypeOfGrant
Number Of Recipients	54	NumberOfRecipients
Amount Of Cash Grant	194901	AmountOfCashGrant
Method Of Valuation	FMV	MethodOfValuation
Description Of Non Cash Assistance	TUITION ASST	DescriptionOfNonCashAssistance

Schedule L IRS990ScheduleL

Loan Table LoanTable (2 entries)

Loan To OrganizationLoanToOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
DAVID CURRIER
X	$235,000	190000	false	true	true
JOHN BISGROVE
X	$100,000	100000	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	290000	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE RETURN IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE BOARD REVIEWS CONFLICT OF INTEREST COMPLIANCE AT EACH BOARD MEETING
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE PRESIDENT AND ALL KEY EMPLOYEES ARE MEMBERS OF THE FACULTY AND ARE PAID ON THE FACULTY SALARY SCALE WITH NO ADJUSTMENTS FOR THEIR POSITION. THE FACULTY SCALE'S ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	OTHER CHANGES IN NET ASSETS: UNREALIZED LOSS ON INVESTMENTS (2,097) CHANGE IN GIFT ANNUITY OBLIGATIONS (14,374) CHANGE IN PENSION ANNUITY OBLIGATIONS (36,361) TOTAL OTHER CHANGES IN NET ASSETS (52,832)