2013-02-06T09:24:52-07:00 2012-06-30 990 2011-07-01 131628149 BARNARD COLLEGE BARN 2128547732 3009 BROADWAY NEW YORK NY 10027 Gregory N Brown 2128542003 2013-02-06 2011 2016-02-25 16:41:14Z Gregory N Brown 3009 Broadway New York NY 10027 198003090 0 X www.barnard.edu X 1889 NY Barnard College aims to provide the highest quality liberal arts education to promising and high-achieving young women, offering the unparalleled advantages of an outstanding residential college in partnership with a major research university. (see Schedule O for Barnard College's mission statement) 25 24 2695 300 0 0 25973600 23398895 121015211 125960069 6535158 6936691 1097669 994260 154621638 157289915 28435871 29463099 0 0 74054428 79725854 156454 277348 4932220 50673086 53431951 153319839 162898252 1301799 -5608337 443828441 431324474 140050528 135097568 303777913 296226906 X See Schedule O for Barnard College's mission statement. 0 0 106549454 29021660 96938739 Post-Secondary Education: A Barnard education provides women with the tools and techniques needed to think critically and act effectively in the world today. It fosters a respect for learning, an aptitude for analysis, and a competence in the demanding disciplines of the liberal arts and sciences. By virtue of its special mission and location, Barnard women strengthen their insight into interconnected worlds of knowledge and experience and bolster their confidence in forging ahead with their ideas, well-prepared and unafraid. 31550320 0 29021330 Auxiliary Enterprises - Provides services to students for a fee that is directly related to, although not necessarily equal to, the cost of the services. This category includes Housing, Dining Services, Health and Counseling Srevices, and Summer and Precollege Programs. 0 0 0 N/A 0 0 0 138099774 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 X 342100 0 1 2695 1 1 0 1 UK 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Eileen M DiBenedetto 2128547732 3009 Broadway New York NY 10027 Judith E Boies 5 X 0 0 0 Lee C Bollinger 5 X 0 0 0 Binta Niambi Brown 5 X 0 0 0 Jolyne Caruso Fitzgerald 5 X 0 0 0 Lois G Champy 5 X 0 0 0 Dina Deluca Chartouni 5 X 0 0 0 Lisa S Cohen 5 X 0 0 0 James M Dow 5 X 0 0 0 Alison Estabrook 5 X 0 0 0 Myrna Fishman Fawcett 5 X 0 0 0 Joan Freilich 5 X 0 0 0 Nancy A Garvey 5 X 0 0 0 Sibyl R Golden 5 X 0 0 0 Linda Fayne Levinson 5 X 0 0 0 Mary Ann LoFrumento 5 X 0 0 0 Cheryl G Milstein 5 X 0 0 0 Anthony W Marx 5 X 0 0 0 Azita Raji 5 X 0 0 0 William R Reid 5 X 0 0 0 Eric R Rosenfeld 5 X 0 0 0 Frances l Sadler 5 X 0 0 0 Ravi Singh 5 X 0 0 0 Cynthia Stivers 5 X 0 0 0 Maureen Strafford 5 X 0 0 0 Diana T Vagelos 5 X 0 0 0 Debora Spar 40 X X 435378 0 76206 Avis Hinkson 40 X 152037 0 29067 Bret Silver 40 X 157766 0 27392 Dorothy Denburg 40 X 166305 0 66016 Gail Beltrone 0 X 0 0 0 Gregory Brown 40 X 246628 0 50007 Joanne Kwong 40 X 159516 0 41601 Paul Hertz 40 X 220613 0 43744 Vivian Taylor 40 X 112983 0 36706 Dusa McDuff 40 X 230935 0 43268 Peter Balsam 40 X 197366 0 52999 Rae Silver 40 X 300246 0 50466 Robert McCaughey 40 X 199720 0 42767 Robert Remez 40 X 194933 0 43542 Elizabeth Boylan 40 X 125157 0 25897 Lisa Gamsu 40 X 183696 0 35575 Michael Feierman 40 X 133323 0 49148 3216602 0 714401 130 1 1 0 FXFOWLE ARCHITECTS 22 West 19th Street New York NY 10011 Architectural Service 239754 KPMG LLP Dept 0511 PO Box 120001 Dallas TX 753120511 Auditing Service 197400 PUTNEY TWOMBLY HALL & HIRSON 521 Fifth Avenue New York NY 10175 Legal Service 134909 INVESTURE LLC 126 Garrett Street Suite J Charlottesville VA 22902 Investment Management 623277 INVESTURE EVERGREEN FUND LP 126 Garrett Street Suite J Charlottesville VA 22902 Investment Management 239196 5 0 0 2411244 0 4460629 16527022 908175 23398895 Tuition & fees 900099 96643349 96643349 0 0 Auxiliary enterprises 900099 29021330 29021330 0 0 Toddler Center 900099 295390 295390 0 0 0 0 0 0 125960069 1111861 1111861 0 0 0 0 0 0 0 0 0 0 1880139 0 1189558 0 690581 0 690581 690581 0 0 45171000 0 39346170 0 5824830 0 5824830 5824830 0 0 102635 2411244 177447 -74812 0 -74812 0 0 0 0 0 0 0 0 0 0 0 0 Alumnae Relations 900099 178512 178512 0 0 Administrative Cost Allowance 900099 40456 40456 0 0 159523 159523 0 0 378491 157289915 133965832 0 -74812 0 0 29021661 29021661 441438 441438 0 0 2958426 818233 1790042 350151 0 0 0 0 55588525 46039832 6923058 2625635 5973296 4999931 706199 267166 10506516 8631661 1355448 519407 4699091 3850814 620990 227287 0 0 0 0 339562 39919 296043 3600 189992 0 189992 0 0 0 0 0 277348 277348 1313594 0 1313594 0 0 0 0 0 0 0 0 0 4605956 2975038 1305678 325240 1516073 251810 1247868 16395 0 0 0 0 13101782 11817576 1199102 85104 1219334 905741 251119 62474 0 0 0 0 883827 748861 130348 4618 3965592 3965592 0 0 0 0 0 0 7061697 6439705 586442 35550 505432 387635 117797 0 Study abroad 2782109 2782109 0 0 Student board 5817231 5817231 0 0 Columbia Agreements 5043435 5043435 0 0 Consultant 1686395 981396 694459 10540 3399940 2140156 1138079 121705 162898252 138099774 19866258 4932220 29131728 30316241 0 0 20007258 13736568 66557 73528 0 0 0 0 3557045 3329018 171468 184955 4004904 3959180 285671245 135354927 151634155 150316318 15903494 20033943 208248434 201085715 9449832 6095503 0 0 1653566 2193505 443828441 431324474 13020024 14284808 2186521 2210709 3571465 4404437 100547631 92709730 0 0 0 0 1000000 0 0 0 19724887 21487884 140050528 135097568 X 72222529 75343037 112584232 98946220 118971152 121937649 303777913 296226906 443828441 431324474 X -5608337 -1942670 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175000 439000 0 0 X 0 215488726 3771498 4717370 4968942 4179058 1313594 213516000 184014662 3637098 37263758 4393254 4488747 544791 215488726 165305949 2562445 25699698 3297095 5584906 671429 184014662 212711700 1930101 -39167089 5113537 4235462 819764 165305949 0.15 0.56 0.29 0 0 0 1233967 1233967 0 252132331 108998953 143133378 0 0 0 0 0 31906722 26078734 5827988 0 398225 277240 120985 150316318 0 0 Private Equity 61724113 F Hedge Funds 130776246 F Real Estate Funds 3511617 F Mutual Funds 5073739 F 201085715 0 Liability under split interest agreement 3897714 Postretirement benefits payable 14951832 Asset retirement obligation 2151458 Obligation under derivative instrument 486880 21487884 157289915 162898252 -5608337 -1942670 0 0 0 0 -1942670 -7551007 127799387 2488403 0 0 0 2488403 125310984 0 31978931 31978931 157289915 132380391 0 0 0 1367005 1367005 131013386 1313594 30571272 31884866 162898252 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The art and historical treasures primarily consist of paintings and drawings maintained for the preservation for future generations. In addition in Fiscal 2012, an appraisal of a marble bench received in fiscal 2011 has increased in value of $175,000. At June 30, 2012 the value of such assets of the College were $439,000. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment consists of approximately 800 individual funds established for a variety of purposes, including both donor-restricted endowment funds and funds designated by the College to function as endowments (quasi-endowments). Annual spending from the endowment is set at 5% of the rolling three year average of the endowment's market value as of December 31st of the previous year and is approved annually by the Board of Trustees. This spending was used in accordance with donor or Board restrictions. The donor and Board restrictions include financial aid, instructional support, student internships, faculty research and support, and general operations of the College. The endowment funds listed in 1a through 1g exclude perpetual trusts and pledges of approximately $2.7 million at June 30, 2012. The perpetual trusts are held and administered for Barnard College by unrelated organizations. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College follows the guidance of ASC 740-10, Accounting for Uncertainty in Income Taxes, which addresses the accounting for uncertainties in income taxes recognized in an enterprise's financial statements. The College utilizes a threshold for more-likely than-not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. ASC 740-10 also provides related guidance on the measurement, classification, interest and penalties, and disclosures. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other consists of Contributions to endowment funds $3,190,824, Contributions for plant improvements $929,334, Change in value of split interest agreements $(237,321), Financial aid allowance $29,463,099, Fundraising events expense ($177,447), and rental expense for non program service areas ($1,189,558). SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Other consists of fundraising event expense $ 177,447 , and rental expense for non program services areas $1,189,558. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other consists of Financial aid allowance $29,463,099Change in value of obligation under derivative instrument $(373,923) and Postretirement benefit cost other than net periodic benefit cost $1,482,096. 1 1 0 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 Since Barnard College draws its students from a large geographic section (nationwide and worldwide), it does not publicize by newspaper or broadcast media, but includes its nondiscriminatory policy in all of its literature to students, schools and organizations. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Barnard College receives funds from the following federal programs: College Federal Work Study, Basic Educational Opportunity Grants (Pell),Supplementary Educational Opportunity Grants, Federal Perkins Loans, and Higher Education Opportunity Grant. Europe (including Iceland and Greenland) 0 0 Program Services Research 186866 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 845249 Europe (including Iceland and Greenland) 0 0 Program Services Admissions 8822 Europe (including Iceland and Greenland) 0 0 Program Services Instruction 39 Europe (including Iceland and Greenland) 0 0 Program Services Alum Relations 7554 Central America and the Caribbean 0 0 Program Services Research 9281 Central America and the Caribbean 0 0 Investments Investments 47177613 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research 8388 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Admissions 2975 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Other 2957 South Asia 0 0 Program Services Research 16136 South Asia 0 0 Program Services Admissions 3926 South Asia 0 0 Program Services Alum Relations 500 South Asia 0 0 Program Services Symposium 100451 South Asia 0 0 Program Services Other 2529 Sub-Saharan Africa 0 0 Program Services Research 17041 Sub-Saharan Africa 0 0 Program Services Instruction 11254 Middle East and North Africa 0 0 Program Services Research 13277 Middle East and North Africa 0 0 Program Services Alum Relations 13798 Middle East and North Africa 0 0 Program Services Study Abroad 17832 Middle East and North Africa 0 0 Program Services Other 7421 Middle East and North Africa 0 0 Program Services Admissions 5361 South America 0 0 Program Services Research 7319 East Asia and the Pacific 0 0 Program Services Admissions 17856 East Asia and the Pacific 0 0 Program Services Study Abroad 36468 East Asia and the Pacific 0 0 Program Services Research 130934 East Asia and the Pacific 0 0 Program Services Other 39833 East Asia and the Pacific 0 0 Program Services Instruction 423 Russia and the newly independent States 0 0 Program Services Research 1595 0 0 48693698 Tution and Room Discount East Asia and the Pacific 1 0 18678 Tution and Room Discount Tution and Room Discount Europe (including Iceland and Greenland) 3 0 111534 Tution and Room Discount Tution and Room Discount Middle East and North Africa 2 0 103956 Tution and Room Discount Tution and Room Discount South America 1 0 24508 Tution and Room Discount Tution and Room Discount Sub-Saharan Africa 4 0 182762 Tution and Room Discount 1 0 1 1 1 0 SchF_P01_S00_L03 Schedule F, Part I, Line 3 (a) (7) As part of the College's endowment, the College owns interest in several Cayman Island limited partnerships. The fair value of such investment at June 30, 2012 amounted to $47,177,613. These investment partnerships hold, directly and indirectly, investments in both domestic and foreign corporations. SchF_P04_S00_L00 Schedule F, Part IV The foreign forms required will be filed by the College by the extension due date. (May 15, 2013). X X X X X X X 1 Linda B Nelson 881 Main Street South Woodbury CT 06798 Major Gift Consultation 0 0 64046 -64046 Judi R Kilachand Associated 230 East 73rd Street Apt 8C New York NY 10021 Event Support 0 0 30251 -30251 Karen Schwartz 29 Washington Avenue Apt 1 Hastings NY 10706 Draft Correspondence 0 0 28700 -28700 Buckley Hall Events 17 19 Marble Avenue Pleasantville NY 10570 Event Support 0 2513879 70094 2443785 Dcm 45 Main Street Suite 816 Brooklyn NY 11201 Manage Telemarketing 0 0 84257 -84257 2513879 277348 2236531 CA CT DC NJ NY scholarship Gala 2513879 2411244 102635 0 0 0 129207 0 48240 0 0 2513879 2411244 102635 0 0 0 129207 0 48240 177447 -74812 1 Barnard Grants for Tuition/Board Assistance 940 28641675 Basic Educational Opportunity Grants (Pell) 481 2136885 Federal College Work Study 236 192187 Supplementary Educational Opportunity Grants 154 305893 Higher Education Opportunity Grant 84 165000 Stipends / Honorarium 82 158344 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All Federal financial aid administered by Barnard College is based on demonstrated need as determined by the Federal Methodology formula. However institutional aid is determined using a Barnard Need Analysis formula which takes into consideration all sources of income and all assets. Barnard gives no merit on scholarships. The College believes that the primary responsibility for financing educational cost rests with each student's family, and all college aid is supplementary to family resources. Once need has been established, Barnard makes every effort to meet the need of all eligible students with a combination of grants, loans and employment opportunities. A student who is admitted to Barnard with financial aid can not be guaranteed college grants for future years. Awards are for one academic year only. A student can receive Barnard aid for a maximum of eight semesters. Each semester a student is enrolled is counted towards the eight semester of eligibility whether or not aid was received. No financial aid is given for summer study. If a student has room in her academic year financial aid package and has not already borrowed the maximum loans, these funds may be borrowed during the academic year to be used for classes the following summer. For financial statement purposes, the Pell grant awards of 2,136,885 are excluded. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Debora Spar 395164 0 0 0 40214 0 0 0 76206 0 511584 0 0 0 Avis Hinkson 152037 0 0 0 0 0 0 0 29067 0 181104 0 0 0 Bret Silver 157766 0 0 0 0 0 0 0 27392 0 185158 0 0 0 Dorothy Denburg 166305 0 0 0 0 0 0 0 66016 0 232321 0 0 0 Gregory Brown 246628 0 0 0 0 0 0 0 50007 0 296635 0 0 0 Joanne Kwong 159516 0 0 0 0 0 0 0 41601 0 201117 0 0 0 Paul Hertz 220613 0 0 0 0 0 0 0 43744 0 264357 0 0 0 Lisa Gamsu 183696 0 0 0 0 0 0 0 35575 0 219271 0 0 0 Dusa McDuff 230935 0 0 0 0 0 0 0 43268 0 274203 0 0 0 Peter Balsam 197366 0 0 0 0 0 0 0 52999 0 250365 0 0 0 Rae Silver 300246 0 0 0 0 0 0 0 50466 0 350712 0 0 0 Robert McCaughey 199720 0 0 0 0 0 0 0 42767 0 242487 0 0 0 Robert Remez 194933 0 0 0 0 0 0 0 43542 0 238475 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President's employment contract documents the housing allowance and tax indemnification and gross up payment. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Michael S Feierman received severance payment. Dormitory Authority of the State of New York 146000293 64983U7Q7 2004-02-04 28880374 See Part V 0 0 0 Dormitory Authority of the State of New York 146000293 649903NL1 2007-07-11 50184096 See Part V 0 0 0 Dormitory Authority of the State of New York 146000293 649903ZP9 2008-04-24 28040000 See Part V 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 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 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 HSBC 7 0 0 0 0 0 X 67 728166 Mean Mkt Price X added value to Marble Bench 0 175000 Appraisal Value X Added Value to The Hartford Life Ins. 0 5009 Appraisal Value 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b All gifts of publicly traded securities are remitted to the College's Custodians, JP Morgan Chase or State Street Bank, depending on the nature of the gift.. Both custodians, with the authority from Barnard College, sell the publicly traded securities upon receipt. The number of contributions listed in column b for part I represents the actual number of contributions as opposed to the number of items received. F990_P03_S00_L01 Form 990, Part III, Line 1 Barnard College aims to provide the highest quality liberal arts education to promising and high-achieving young women, offering the unparalleled advantages of an outstanding residential college in partnership with a major research university. With a dedicated faculty of scholars distinguished in their respective fields, Barnard is a community of accessible teachers and engaged students who participate together in intellectual risk-taking and discovery. Barnard students develop the intellectual resources to take advantage of opportunities as new fields, new ideas, and new technologies emerge. They graduate prepared to lead lives that are professionally satisfying and successful, personally fulfilling, and enriched by love of learning. As a college for women, Barnard embraces its responsibility to address issues of gender in all of their complexity and urgency, and to help students achieve the personal strength that will enable them to meet the challenges they will encounter throughout their lives. Located in the cosmopolitan urban environment of New York City, and committed to diversity in its student body, faculty and staff, Barnard prepares its graduates to flourish in different cultural surroundings in an increasingly inter-connected world. The Barnard community thrives on high expectations. By setting rigorous academic standards and giving students the support they need to meet those standards, Barnard enables them to discover their own capabilities. Living and learning in this unique environment, Barnard students become agile, resilient, responsible, and creative, prepared to lead and serve their society. F990_P05_S00_L03b Form 990, Part V, Line 3b The Form 990-T for the tax year beginning July 1, 2011 and ending June 30, 2012 was granted an extension of time to file and will be filed by the College by May 15, 2013. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Asst. Vice President of Finance / Controller, the Chief Operating Officer, The President and the Committee on Audits and Compliance. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The policy and disclosure statement is distributed annually to each Trustee who shall read the policy, disclosure statement and sign the certification agreeing to be bound by the policy and return the disclosure statement to the Secretary of the Board. The statements are reviewed by the College's General Counsel. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Compensation Committee of Barnard College's Board of Trustees is responsible for determining and approving the compensation of the College's President (CEO) and other top management officials including the: Chief Operating Officer, General Counsel, Dean of the College, Provost, Vice President for Development, Vice President for Communications and the Vice President for Administration. The Compensation Committee is provided with comparable data from the higher education industry and uses that data to determine the compensation levels on an annual basis. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College discloses its audited financial statements and its conflict of interest policies on its website at the following links : www.barnard.edu/opir, http://barnard.edu/hr/policies_conflict.html, and http://barnard.edu/provost/policies/conflictpolicy.html, respectively F990_P11_S00_L05 Form 990, Part XI, Line 5 Net Unrealized Loss on investments