NEW ENGLAND COLLEGE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND COLLEGE (EIN 02-0223955)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-15
- IRS object ID
- 201333199349305618
- Schema version
- 2012v2.1
- 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 G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T12:08:36-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010523282 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1100 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 041041100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020223955 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New England College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWE | NameControl |
| Phone | 6034282211 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 98 Bridge St | AddressLine1 |
| City | Henniker | City |
| State | NH | State |
| ZIP Code | 03242 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paula Amato | Name |
| Title | Vice President-Finance & Admin | Title |
| Phone | 6034282211 | Phone |
| Date Signed | 2013-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbara J McGuan CPA | Name |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | Phone |
| Date Prepared | 2013-11-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Michele D Perkins | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 98 Bridge St | AddressLine1 |
| City | Henniker | City |
| State | NH | State |
| ZIP Code | 03242 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 44286245 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NEC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1946 | YearFormation |
| State Legal Domicile | NH | StateLegalDomicile |
| Activity Or Mission Description | An independent liberal arts college offering undergraduate, graduate and professional programs. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 862 | TotalNbrEmployees |
| Total Nbr Volunteers | 32 | TotalNbrVolunteers |
| Total Gross UBI | 88872 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -13930 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3028704 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2500514 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 39762687 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 40859266 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 167282 | InvestmentIncomePriorYear |
| Investment Income Current Year | 237959 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 132879 | OtherRevenuePriorYear |
| Other Revenue Current Year | 145932 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43091552 | TotalRevenuePriorYear |
| Total Revenue Current Year | 43743671 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12694072 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 13798874 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 17775525 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 18247575 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 754141 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10579013 | OtherExpensePriorYear |
| Other Expenses Current Year | 10676705 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 41048610 | TotalExpensesPriorYear |
| Total Expenses Current Year | 42723154 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2042942 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1020517 | RevenuesLessExpensesCY |
| Total Assets BOY | 29602020 | TotalAssetsBOY |
| Total Assets EOY | 32432752 | TotalAssetsEOY |
| Total Liabilities BOY | 8094159 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8878884 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21507861 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 23553868 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | New England College emphasizes experiential learning as an essential component in the development of an enduring academic community. Building upon a strong liberal arts foundation, we challenge our students to reach their full potential through informed discourse and the pursuit of excellence in a framework of academic freedom that reflects the following values: imaginative, innovative, and creative approaches to all their endeavors; respect for self in the development of personal, social, physical and intellectual abilities; caring and collaborative relationships among members of our community; respect for the varied qualities of individuals, communities, and the world; an appreciation of beauty and elegance in the search for truth; inquiry into and the pursuit of social justice; ethical and responsible citizenship, including service to the community; the pursuit of ecological sustainability; continuous learning and a lifetime of personal achievement. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 35064728 | Expense |
| Grants | 13798874 | Grants |
| Revenue | 40747284 | Revenue |
| Description | The College provides an education that develops critical and creative thinking abilities, effective communication skills, and responsible academic and social commitments; historical and comparative understanding of the humanities, social sciences, and natural sciences; responsiveness to ethical and humane concerns; respect for gender, ethnicity, generational, racial and religious identities, and an appreciation for natural environments and world cultures; and a foundation for lifelong learning. New England College offers undergraduate, graduate and professional programs leading to the degrees of Bachelor of Arts, Bachelor of Science, Master of Science, Master of Education and a doctorate in Higher Education Administration and K-12 Leadership. | Description |
| Total Program Service Expense | 35064728 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 48 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 862 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paula Amato | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6034282461 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 98 Bridge Street | AddressLine1 |
| City | Henniker | City |
| State | NH | State |
| ZIP Code | 032423293 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Alexander Scourby | ||||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | ||
| Alyson Pitman-Giles | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Barbara E Sherwin MD | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| David Pilla | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Edmund C Beebe Jr | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| James Murtha PhD | ||||||||
| Chairman | 10.00 | X | X | 0 | 0 | 0 | ||
| Jeffrey K Towle | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| John A Samenfeld | ||||||||
| Vice Chairman | 2.00 | X | X | 0 | 0 | 0 | ||
| John Maguire PhD | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| John Stevens | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Katrina Swett | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Mary Simon Streep | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Mary V Bell | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Michele D Perkins EdD | ||||||||
| President | 40.00 | X | X | 248911 | 0 | 57192 | ||
| Scott Simpson | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Stephen A Geremia | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Thomas W Farmen | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| TJ Whitelaw | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Daniel Lynch | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Paula A Amato CMA | ||||||||
| VP of Finance and Administ | 40.00 | X | 155268 | 0 | 29098 | |||
| Debra Nitschke-Shaw | ||||||||
| Professor | 35.00 | 122803 | 0 | 28769 | X | |||
| Mark T Watman | ||||||||
| VP of Academic Affairs | 40.00 | 141195 | 0 | 25479 | X | |||
| Nelly C Lejter | ||||||||
| Dean of Graduate School | 35.00 | 103149 | 0 | 31129 | X | |||
| Thomas P McGrevey Jr | ||||||||
| Professor | 35.00 | 106957 | 0 | 22673 | X | |||
| Wayne F Lesperance | ||||||||
| Professor | 35.00 | 107017 | 0 | 21850 | X | |||
| Hilton V Hallock | ||||||||
| Former VP of Academic Affairs | 0.00 | 140203 | 0 | 5917 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1125503 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 222107 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sasaki Associates Inc | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 64 Pleasant Street | AddressLine1 |
| City | Watertown | City |
| State | MA | State |
| ZIP Code | 02472 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Architectural Services | DescriptionOfServices |
| Compensation | 142749 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 410147 | GovernmentGrants |
| All Other Contributions | 2090367 | AllOtherContributions |
| Noncash Contributions | 831881 | NoncashContributions |
| Total Contributions | 2500514 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Tuition and Fees | 611710 | 33626045 | 33626045 | |
| Auxiliary Services | 713990 | 6056053 | 5967181 | 88872 |
| Various Other Income | 611710 | 637360 | 637360 | |
| Student Services | 611710 | 419955 | 419955 | |
| Commencement Income | 611710 | 79650 | 79650 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 40203 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17093 | RelatedOrExemptFunctionIncome |
| Exclusion | $23,110 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 40859266 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 194356 | TotalRevenueColumn |
| Exclusion | $194,356 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 586177 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 542574 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 43603 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43603 | TotalRevenueColumn |
| Exclusion | $43,603 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 145932 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 0 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 145932 | TotalRevenueColumn |
| Exclusion | $145,932 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43743671 | TotalRevenueColumn |
| Related Or Exempt Function Income | 40747284 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 88872 | UnrelatedBusinessRevenue |
| Exclusion | $407,001 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13798874 | Total |
| Program Services | 13798874 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 490469 | Total |
| Management And General | 490469 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13430222 | Total |
| Program Services | 11210756 | ProgramServices |
| Management And General | 1774235 | ManagementAndGeneral |
| Fundraising | 445231 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 444891 | Total |
| Program Services | 321622 | ProgramServices |
| Management And General | 112365 | ManagementAndGeneral |
| Fundraising | 10904 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2910626 | Total |
| Program Services | 2208794 | ProgramServices |
| Management And General | 699437 | ManagementAndGeneral |
| Fundraising | 2395 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 971367 | Total |
| Program Services | 714149 | ProgramServices |
| Management And General | 223158 | ManagementAndGeneral |
| Fundraising | 34060 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 322071 | Total |
| Program Services | 322071 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48206 | Total |
| Management And General | 48206 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65599 | Total |
| Management And General | 65599 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47779 | Total |
| Management And General | 47779 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 351831 | Total |
| Program Services | 158132 | ProgramServices |
| Management And General | 172035 | ManagementAndGeneral |
| Fundraising | 21664 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 717622 | Total |
| Program Services | 660260 | ProgramServices |
| Management And General | 57362 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 480827 | Total |
| Program Services | 123606 | ProgramServices |
| Management And General | 322852 | ManagementAndGeneral |
| Fundraising | 34369 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 420063 | Total |
| Management And General | 420063 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1770507 | Total |
| Program Services | 1301677 | ProgramServices |
| Management And General | 468830 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370722 | Total |
| Program Services | 257838 | ProgramServices |
| Management And General | 100870 | ManagementAndGeneral |
| Fundraising | 12014 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31502 | Total |
| Program Services | 10099 | ProgramServices |
| Management And General | 21403 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117049 | Total |
| Management And General | 117049 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1730914 | Total |
| Program Services | 451187 | ProgramServices |
| Management And General | 1279727 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115012 | Total |
| Program Services | 112700 | ProgramServices |
| Management And General | 2312 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Food Service Operations | 2235259 | 2235259 | ||
| Other Organizational Op | 1417523 | 1024117 | 340291 | 53115 |
| Equipment Purchases | 185422 | 120525 | 64897 | |
| Athletics Fundraising | 139049 | 139049 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109748 | Total |
| Program Services | 33062 | ProgramServices |
| Management And General | 75346 | ManagementAndGeneral |
| Fundraising | 1340 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42723154 | Total |
| Program Services | 35064728 | ProgramServices |
| Management And General | 6904285 | ManagementAndGeneral |
| Fundraising | 754141 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 678092 | BOY |
| EOY | 1725500 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96260 | BOY |
| EOY | 208009 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1011080 | BOY |
| EOY | 922676 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2354331 | BOY |
| EOY | 2687071 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2698129 | BOY |
| EOY | 2894821 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115953 | BOY |
| EOY | 103175 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 853078 | BOY |
| EOY | 1102381 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 40756203 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 27309923 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13603975 | BOY |
| EOY | 13446280 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8058109 | BOY |
| EOY | 9209835 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133013 | BOY |
| EOY | 133004 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29602020 | BOY |
| EOY | 32432752 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1754779 | BOY |
| EOY | 2664139 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 682433 | BOY |
| EOY | 1061110 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3887453 | BOY |
| EOY | 3517567 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 514515 | BOY |
| EOY | 431290 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1254979 | BOY |
| EOY | 1204778 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8094159 | BOY |
| EOY | 8878884 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11296250 | BOY |
| EOY | 12226362 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4701738 | BOY |
| EOY | 5663959 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5509873 | BOY |
| EOY | 5663547 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21507861 | BOY |
| EOY | 23553868 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29602020 | BOY |
| EOY | 32432752 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1020517 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 947733 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 77757 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
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
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 142550 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8145908 | BeginningOfYearBalance |
| Contributions | 153674 | Contributions |
| Investment Earnings Or Losses | 1176692 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 153671 | OtherExpenditures |
| Administrative Expenses | 47779 | AdministrativeExpenses |
| End Of Year Balance | 9274824 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8053266 | BeginningOfYearBalance |
| Contributions | 133675 | Contributions |
| Investment Earnings Or Losses | 130848 | InvestmentEarningsOrLosses |
| Other Expenditures | 133675 | OtherExpenditures |
| Administrative Expenses | 38206 | AdministrativeExpenses |
| End Of Year Balance | 8145908 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6770824 | BeginningOfYearBalance |
| Contributions | 198829 | Contributions |
| Investment Earnings Or Losses | 1320516 | InvestmentEarningsOrLosses |
| Other Expenditures | 198829 | OtherExpenditures |
| Administrative Expenses | 38074 | AdministrativeExpenses |
| End Of Year Balance | 8053266 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5953674 | BeginningOfYearBalance |
| Contributions | 278566 | Contributions |
| Investment Earnings Or Losses | 851043 | InvestmentEarningsOrLosses |
| Other Expenditures | 278565 | OtherExpenditures |
| Administrative Expenses | 33894 | AdministrativeExpenses |
| End Of Year Balance | 6770824 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7046385 | BeginningOfYearBalance |
| Contributions | 251114 | Contributions |
| Investment Earnings Or Losses | -1062989 | InvestmentEarningsOrLosses |
| Other Expenditures | 251114 | OtherExpenditures |
| Administrative Expenses | 29722 | AdministrativeExpenses |
| End Of Year Balance | 5953674 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.25570 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.59530 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.14900 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 86855 | OtherCostOrOtherBasis |
| Book Value | 86855 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 23247284 | OtherCostOrOtherBasis |
| Depreciation | 15521056 | Depreciation |
| Book Value | 7726228 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14454157 | OtherCostOrOtherBasis |
| Depreciation | 11788867 | Depreciation |
| Book Value | 2665290 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2967907 | OtherCostOrOtherBasis |
| Book Value | 2967907 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13446280 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Refundable Advances | $1,116,649 |
| Fair Value of Interest Rate Swap Agreement | $88,129 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1204778 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 30922508 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 947733 | NetUnrealizedGainsInvestments |
| Other Revenues | 77757 | OtherRevenues |
| Revenue Not Rptd F990 | 1025490 | RevenueNotRptdF990 |
| Revenue Subtotal | 29897018 | RevenueSubtotal |
| Investment Expenses Not Included | 47779 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 13798874 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 13846653 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 43743671 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 28876501 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 28876501 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 47779 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 13798874 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 13846653 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 42723154 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 4: | Andy Warhol photographs are part of the College's permanent art collection and is frequently on display at the New England College Gallery in Preston Barn. The Gallery is a focal point for the visual arts in the region. In keeping with the College's mission, the Gallery is accessible, welcoming and free to the community at large. | |
| Part V, Line 4: | The College's endowment primarily consists of funds established for scholarships. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by U.S. generally accepted accounting principles (GAAP), net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The College has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the College must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds. Under this policy, as approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to produce results that exceed the price and yield results of appropriate market indices while assuming a moderate level of investment risk. The College's investment objectives are to provide a total return sufficient to support the College's operating budget while preserving the assets against inflation. To meet these objectives the Board seeks a total return of at least 5% greater than the rate of inflation as measured by the Consumer Price Index (U.S. CPI-U) over a long-term horizon. Total return is defined as dividends or interest income, plus or minus realized and unrealized capital appreciation or depreciation at fair market value, net of fees. The maximum amount of endowment income utilization is determined by a spending formula approved by the Board of Trustees. The amount available for spending is set at 5% of the previous three-year average market value for the years ended June 30, 2013 and 2012, respectively. The amounts available to be distributed, net of unspent endowment income, under the spending policy were $409,939 and $376,186 for the years ended June 30, 2013 and 2012, respectively. These amounts are included in change in net assets from operations. Investment income greater or less than the amounts available to be distributed under the spending policy is reported as nonoperating income. | Description of Intended Use of Endowment Funds: |
| Change in fair value of interest rate swap 77,757. | Part XI, Line 2d - Other Adjustments: | |
| Institutional Financial Aid 13,798,874. | Part XI, Line 4b - Other Adjustments: | |
| Institutional Financial Aid 13,798,874. | Part XII, Line 4b - Other Adjustments: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | The nondiscrimination policy is prominently included in all application materials as well as on the school's web site and in other printed materials. |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | The college participates in various federal and state governmental financial aid programs. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Miscellaneous Fundraising Events | NameOfEvent1 |
| Gross Receipts Event1 | 145932 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 145932 | GrossRevenueEvent1 |
| Gross Receipts Total | 145932 | GrossReceiptsTotal |
| Gross Revenue Total Events | 145932 | GrossRevenueTotalEvents |
| Net Income Summary | 145932 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (6 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| State Grant | 62 | 27550 | |||
| Federal Pell Grant | 707 | 2178685 | |||
| Federal SEOG Grant | 294 | 305489 | |||
| Federal Work Study | 229 | 233218 | |||
| Various Scholarships | 858 | 10621512 | FMV | Internal Scholarships | |
| Endowed Scholarship Recipients | 92 | 432420 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: All assistance to individuals is in the form of financial aid, grants, scholarships and tuition discounts awarded to students. Assistance is applied directly to the student's account balance. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michele D Perkins EdD | ||||||||||||||
| President | 247861 | 0 | 0 | 0 | 1050 | 0 | 10814 | 0 | 46378 | 0 | 306103 | 0 | 0 | 0 |
| Paula A Amato CMA | ||||||||||||||
| VP of Finance and Administ | 154952 | 0 | 0 | 0 | 316 | 0 | 6562 | 0 | 22536 | 0 | 184366 | 0 | 0 | 0 |
| Debra Nitschke-Shaw | ||||||||||||||
| Professor | 122657 | 0 | 0 | 0 | 146 | 0 | 5252 | 0 | 23517 | 0 | 151572 | 0 | 0 | 0 |
| Mark T Watman | ||||||||||||||
| VP of Academic Affairs | 141136 | 0 | 0 | 0 | 59 | 0 | 5463 | 0 | 20016 | 0 | 166674 | 0 | 0 | 0 |
| Hilton V Hallock | ||||||||||||||
| Former VP of Academic Affairs | 140047 | 0 | 0 | 0 | 156 | 0 | 1966 | 0 | 3951 | 0 | 146120 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 4a | ReturnReference |
| Explanation | Hilton Hallock, Former VP of Academic Affairs, received severance payments until December 2012. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 831881 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | The organization uses a brokerage account to sell contributions of stock. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | The audit committee reviews the 990 prior to its filing. After their review and any necessary changes are made, each board member is given a copy to review. | |
| Form 990, Part VI, Section B, line 12c | An annual reporting is conducted by the VP of Finance. The process involves sending out a form each year to all trustees. The form is updated by these individuals and is then reviewed by the VP of Finance to ensure that there were no note-worthy changes in the current year. | |
| Form 990, Part VI, Section B, line 15 | In 2010, the organization engaged an outside firm to do an extensive executive compensation study for the officers. This study will be used to determine compensation for officers through 2014. | |
| Form 990, Part VI, Section C, line 19 | The organization includes all of these documents in the college's library - which is available to the public upon request - and in all Vice President offices. | |
| Form 990, Part XI, line 9: | Change in Fair Value of Interest Rate Swap 77,757. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2c: This process has not changed from the prior year. |
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