2013-05-14T09:01:32-07:00 2012-06-30 990 2011-07-01 042103638 WHEATON COLLEGE WHEA 5082868219 35 East Main Street Norton MA 02766 Brian Douglas 5082868219 2013-03-08 2011 2016-02-24 21:20:13Z Ronald A Crutcher 35 East Main Street Norton MA 02766 128476657 0 X www.wheatoncollege.edu X 1834 MA Wheaton College provides a transformative liberal arts education for intellectually curious students in a collaborative, academically vibrant residential community that values a diverse world. 35 33 1816 1325 316785 -133442 16807039 12875896 81247057 83105908 16971855 4767912 2376106 2362692 117402057 103112408 26875894 28726696 0 0 42827510 45329190 0 0 4406182 32477113 33014408 102180517 107070294 15221540 -3957886 333491282 318987119 64341927 58079338 269149355 260907781 Wheaton College provides a transformative liberal arts education for intellectually curious students in a collaborative, academically vibrant residential community that values a diverse world. 0 0 98137721 28726696 84618840 Wheaton College (the "college") is a private, coeducational, liberal arts college located in Norton, Massachusetts and is accredited by the New England Association of Schools and Colleges. Founded as a Female Seminary in 1834 and chartered as a four-year college in 1912, the college became coeducational in 1988. The college provides academic, residential and other services to a diverse student population of approximately 1,600 drawn from schools predominately in the Northeast region of the United States, as well as from many other U.S. states and territories and more than 40 foreign countries. The curriculum features more than 600 courses of study and 41 majors in the humanities, the social sciences, and the natural sciences. The college offers the Bachelor of Arts degree at the undergraduate level, and the Masters of Arts degree under special circumstances. 0 0 0 98137721 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 1 X 200 0 1 1816 1 1 1 1 BT CJ 0 0 0 1 1 0 0 0 0 X 35 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X Meghan Kass 5082863440 35 East Main Street Norton MA 02766 Kenneth R Babby 2 X 0 0 0 Monique Lee Bahadur 2 X 0 0 0 Joshua S Bauchner 2 X 0 0 0 Anson M Beard Jr 2 X 0 0 0 Elaine M Brown 2 X 0 0 0 Roger Brown 2 X 0 0 0 Mary Bartlett Bryson 2 X 0 0 0 Wayne A Budd 2 X 0 0 0 Carol Magovern Canter 2 X 0 0 0 Nancy Pearlstine Conger 2 X 0 0 0 Deborah Haigh Dluhy 2 X 0 0 0 Caroline Campbell Edwards 2 X 0 0 0 Debra Kent Glidden 2 X 0 0 0 Paul E Gray 2 X 0 0 0 Patricia Dunn Grey 2 X 0 0 0 Zoe Hack Keller 2 X 0 0 0 Thomas J Hollister 2 X 0 0 0 James Hoyte 2 X 0 0 0 James B Karman 2 X 0 0 0 Patricia A King 2 X 0 0 0 Kirk D Kolenbrander 2 X 0 0 0 Janet Lindholm Lebovitz 2 X 0 0 0 Janet L Kelly 2 X 0 0 0 Andrienne Bevis Mars 2 X 0 0 0 Diane C Nordin 2 X 0 0 0 Keith J Peden 2 X 0 0 0 Mary Zygala Schleyer 2 X 0 0 0 Alison Grant Small 2 X 0 0 0 Margaret Dunn Smith 2 X 0 0 0 Kerin E Stackpole 2 X 0 0 0 Cheryl Vedoe 2 X 0 0 0 David L Wagner 2 X 0 0 0 Cornelia Clifford Wareham 2 X 0 0 0 John Hazen White Jr 2 X 0 0 0 Ronald A Crutcher 40 X X 341866 0 90096 Gail Berson 40 X 182543 0 29572 Mary Casey 40 X 221213 0 40749 Brian D Douglas 40 X 0 0 0 Linda Eisenmann 40 X 196407 0 36544 Ellen Hallett 40 X 88935 0 16549 Steve Manos 40 X 137543 0 0 Lee Williams 40 X 156761 0 38182 David Gilmore 40 X 87322 0 20758 Meghan Kass 40 X 103306 0 32518 Samuel C Coale 40 X 149685 0 25043 Jay S Goodman 40 X 165545 0 26803 Marjorie A Houston 40 X 149913 0 23728 Sharon Howard 40 X 198884 0 10853 Susan Wawrzaszek 40 X 152501 0 21877 2332424 0 413272 43 0 1 0 Bond Bros Inc 145 Spring Street Everett MA 02149 Construction 9759340 Aramark 1101 Market Street Philadelphia PA 19107 Dining services 5310072 Richard White Sons Inc 70 Rowe Street Auburndale MA 024661596 Construction 3952031 Einhorn Yaffee Prescott PO Box 617 Albany NY 122010617 Architectural services 516552 Generation Inc 55 Washington Street No 802 Brooklyn NY 11201 Marketing 375107 13 0 0 12265 0 824168 12039463 1032575 12875896 Tuition and fees 611310 67118008 67118008 0 0 Room and board 611310 15858780 15858780 0 0 Education department services 611310 129120 129120 0 0 0 0 0 0 83105908 2436723 0 -107049 2543772 236 0 0 236 0 0 0 0 195010 0 0 0 195010 0 195010 0 0 195010 27610515 0 25279562 0 2330953 0 2330953 0 0 2330953 40352 12265 84687 -44335 0 -44335 0 0 0 0 0 0 0 0 0 0 0 0 Dining services 721000 1134273 1134273 0 0 Telecommunications 517000 197175 0 0 197175 Conference & events 451211 472221 0 423834 48387 408348 378659 0 29689 2212017 103112408 84618840 316785 5300887 0 0 27192584 27192584 1534112 1534112 0 0 1907936 622828 837256 447852 255359 191061 64298 0 32879304 29522593 1264986 2091725 2487782 2220943 109391 157448 5505139 4843757 289525 371857 2293670 1993376 136731 163563 0 0 0 0 215657 0 215657 0 157989 0 157989 0 0 0 0 0 0 0 1924313 1847340 76973 0 6267237 5916318 105299 245620 479682 462161 17521 0 1274696 1052355 17066 205275 700025 693726 4925 1374 0 0 0 0 3126530 2866625 195263 64642 1897409 1629147 67100 201162 0 0 0 0 94153 79500 9677 4976 1790733 1790733 0 0 0 0 0 0 6304592 5973904 200339 130349 302464 0 302464 0 Program support 2306378 2299907 0 6471 Equipment & maintenance 2107378 2071171 0 36207 Events, entertainment & food 1470094 1135628 99710 234756 Library acquisitions & subscriptions 1087470 931781 145855 9834 1507608 1266171 208366 33071 107070294 98137721 4526391 4406182 1399495 1439966 27290849 12150827 10995021 10176262 885349 914266 0 0 0 0 3046970 3064531 0 0 2423612 2208041 180588054 66379667 108250497 114208387 57958215 61278756 117436272 108786064 0 0 0 0 3805002 4760019 333491282 318987119 11527297 6933578 0 0 0 0 44217976 42997140 0 0 0 0 0 0 0 0 8596654 8148620 64341927 58079338 X 109718505 113543078 75071381 61459229 84359469 85905474 269149355 260907781 333491282 318987119 X -3957886 -4283688 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12252 12252 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The amount on line 1i reflects membership dues paid to member organizations, including NACUBO and AICUM, which may engage in lobbying activities in connection with issues that impact higher education. Therefore, a portion of the dues may be attributed to lobbying activities. The college does not directly participate in these lobbying activities. 0 471490 0 0 X X 0 164947509 3720273 488306 2912836 4834599 1924313 159484340 146689850 5485620 23529926 2673633 4631545 3452709 164947509 139758659 2327920 14921188 2677781 4587325 3052811 146689850 182175518 3629006 -35942703 3265996 5537055 1300111 139758659 0.241 0.496 0.263 0 0 0 2042909 2042909 0 160165359 55312180 104853179 0 0 0 0 0 9043411 5943255 3100156 0 9336375 5124232 4212143 114208387 0 154500 Hedged equity - developed & emerging markets 33607550 F Real property & commodities 24082891 F Private equity 22174322 F Opportunistic credit 13834487 F Currency/local debt emerging markets 6341334 F Domestic & international equities 4496655 F Fixed income securities 3619725 F Other 474600 F 108786064 0 Annuity obligations 3518505 Government advances for student loan 2490609 Asset retirement obligations 1247932 Student deposits 891574 8148620 103112408 107070294 -3957886 -4283688 0 0 0 0 -4283688 -8241574 68501610 -4283688 0 0 -28402797 -32686485 101188095 1924313 0 1924313 103112408 76743184 0 0 0 -28402797 -28402797 105145981 1924313 0 1924313 107070294 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The college's collection items include rare books, historical artifacts and art work that are used for scholarly research, public exhibitions and to document the history of the college. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The college's endowment funds provide income and support for the futherance of the educational mission of the college in accordance with the donor's intentions. The majority of the permanent endowment is held for scholarship, teaching, and program expenses. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The college accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The college has identified its tax status as a tax exempt entity as its only significant tax position; however the college has determined that such tax position does not result in an uncertainty requiring recognition. The college is not currently under examination by any taxing jurisdictions. The college's Federal and state tax returns are generally open for examination for three years following the date filed. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarship and grants provided to students of $28,487,484 is presented as a contra-revenue item in the audited financial statements and as an expense item in the Form 990. Fundraising event expenses of $84,687 are shown as an expense in the audited financial statements and as a contra-revenue item on the Form 990. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Scholarship and grants provided to students of $28,487,484 is presented as a contra-revenue item in the audited financial statements and as an expense item in the Form 990. Fundraising event expenses of $84,687 are shown as an expense in the audited financial statements and as a contra-revenue item on the Form 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Wheaton College is committed to the principles of Equal Opportunity as defined under federal and state law. The college's Notice of Nondiscrimination is available on its website at http://wheatoncollege.edu/policies/eqopp.html. A nondiscriminatory policy statement is included in all public announcements and publications. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Students receive financial aid from state and federal agencies based on predetermined financial and scholastic guidelines consistent with the college's educational mission. 1 Central America and the Caribbean 0 1 Program Services Study abroad 59335 Central America and the Caribbean 0 0 Grantmaking 31800 Central America and the Caribbean 0 1 Program Services Faculty research 6237 East Asia and the Pacific 0 5 Program Services Study abroad 440000 East Asia and the Pacific 0 0 Grantmaking 239300 East Asia and the Pacific 0 5 Program Services Admissions 4824 East Asia and the Pacific 0 0 Program Services Telescope site 3588 East Asia and the Pacific 0 0 Program Services Faculty research 2249 Europe (including Iceland and Greenland) 0 2 Program Services Study abroad 1670984 Europe (including Iceland and Greenland) 0 0 Grantmaking 818153 Europe (including Iceland and Greenland) 0 3 Fundraising 9699 Europe (including Iceland and Greenland) 0 3 Program Services Admissions 5256 Europe (including Iceland and Greenland) 0 0 Program Services Library & IT 2461 Europe (including Iceland and Greenland) 0 6 Program Services Faculty research 11588 Middle East and North Africa 0 0 Program Services Study abroad 54018 Middle East and North Africa 0 0 Grantmaking 47546 Middle East and North Africa 0 2 Program Services Faculty research 7778 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study abroad 57947 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 18550 North America (including Canada and Mexico, but not the United States) 0 2 Program Services Faculty research 3332 Russia and the newly independent States 0 0 Program Services Study abroad 57185 Russia and the newly independent States 0 0 Grantmaking 39769 South America 0 0 Program Services Study abroad 61492 South Asia 0 2 Program Services Study abroad 245421 South Asia 0 0 Grantmaking 205994 South Asia 0 1 Program Services Admissions 5161 South Asia 0 1 Program Services Faculty research 4103 Sub-Saharan Africa 0 4 Program Services Study abroad 146698 Sub-Saharan Africa 0 0 Grantmaking 99950 Sub-Saharan Africa 0 4 Program Services Faculty research 15018 South America 0 0 Grantmaking 33050 Central America and the Caribbean 0 0 Investments 43174556 0 42 47583042 Scholarship to students Central America and the Caribbean 2 0 31800 Tuition offset Scholarship to students East Asia and the Pacific 22 0 239300 Tuition offset Scholarship to students Europe (including Iceland and Greenland) 91 0 818153 Tuition offset Scholarship to students Middle East and North Africa 3 0 47546 Tuition offset Scholarship to students North America (including Canada and Mexico, but not the United States) 2 0 18550 Tuition offset Scholarship to students Russia and the newly independent States 3 0 39769 Tuition offset Scholarship to students South America 4 0 33050 Tuition offset Scholarship to students South Asia 14 0 205994 Tuition offset Scholarship to students Sub-Saharan Africa 7 0 99950 Tuition offset 1 0 1 1 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 The college is committed to making study abroad programs available to as wide a range of students as possible. As a result the number of Wheaton students who study abroad is consistently high. Students pay the college its comprehensive fee with offsetting scholarships provided in accordance with standard college financial aid policies and procedures. The college pays foreign schools to provide teaching and accomodations. SchF_P01_S00_L03 Schedule F, Part I, Line 3 The study abroad programs are separately tracked in the college's general ledger system by activity and the amounts represent tuition payments, lodging, travel costs and incidentals for students and faculty liaisons. The admissions recruiting, fundraising and faculty research amounts are tracked primarily using the college's credit card system and represent travel, meals and lodging costs for college employees conducting business in these regions. All expenses are under the accrual method of accounting. Golf Tournament 17765 8960 8805 0 1000 5941 0 0 492 City Seminar Series 34852 3305 31547 0 0 77254 0 0 0 0 52617 12265 40352 0 1000 83195 0 0 492 84687 -44335 1 Scholarship to students 1020 0 26953372 Reduction of student balance for tuition owed to the college Fellowship stipends 80 239212 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The college's Office of Financial aid is responsible for awarding and monitoring all college, federal and state grant assistance. More than 60% of Wheaton students receive some form of financial aid and most students who demonstrate need receive aid. Financial assistance at Wheaton is awarded on the basis of demonstrated need and academic performance. "Need" is determined by the financial information that a student and his/her family provides on the Free Application for Federal Student Aid (FAFSA) and PROFILE forms which capture the data required to determine eligibility based on federal and/or state regulations. A need-based package may include a merit scholarship, grants, loans or work award. When funds are awarded, student eligibility is monitored through the college's operational system financial aid module to ensure there are no changes in status that might affect their ongoing eligibility. Total grant funds awarded are tracked to ensure compliance with budgeted amounts. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 Gail Berson 182543 0 0 0 0 0 16581 0 12991 0 212115 0 0 0 Mary Casey 201213 0 20000 0 0 0 18812 0 21937 0 261962 0 0 0 Samuel C Coale 149685 0 0 0 0 0 13552 0 11491 0 174728 0 0 0 Ronald A Crutcher 329684 0 0 0 12182 0 37050 0 53046 0 431962 0 0 0 Linda Eisenmann 192806 0 0 0 3601 0 17388 0 19156 0 232951 0 0 0 Jay S Goodman 165545 0 0 0 0 0 14830 0 11973 0 192348 0 0 0 Marjorie A Houston 149913 0 0 0 0 0 13572 0 10156 0 173641 0 0 Sharon Howard 78253 0 0 0 120631 0 6175 0 4678 0 209737 0 0 0 Susan Wawrzaszek 152501 0 0 0 0 0 13794 0 8083 0 174378 0 0 0 Lee Williams 153609 0 0 0 3152 0 13977 0 24205 0 194943 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President, Provost and Dean of Students are provided with housing, including maintenance of such space, for the convenience of the employer on the college's premises. The value of the personal space within the housing is included as a nontaxable benefit on Schedule J. The value of the maintenance of the personal space is taxed accordingly. The President is provided with a college vehicle for business use and any personal miles are taxed accordingly. In addition the President is a member of a local country club and local social clubs for which the college is responsible for the payment of dues. Any personal use of such clubs is reimbursed to the college. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Sharon Howard, Executive Director Alumnae/i Relations, received $120,631 as a result of her separation from the college on June 30, 2011. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 The Vice President for Advancement received a performance related bonus. Massachusetts Health and Educational Facilities Authority 042456011 57586CCH6 2004-04-28 18369960 Refunding of Series C, campus renovations 0 0 0 Massachusetts Health and Educational Facilities Authority 042456011 57586EUF6 2010-05-04 32361170 Construction of academic facilities 0 0 0 0 0 18369960 0 0 0 336096 0 0 3172307 14861557 0 2005 1 0 1 1 0 0 32361170 0 1412008 0 448729 0 0 30500433 0 0 2011 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 Dependent of officer Dependent of officer 1250 Tuition assistance Global Partners LP Trustee is COO & CFO 591373 Fixed rate energy contract 0 Jay Goodman Spouse of officer 191061 Employment 0 Betty Neal Crutcher Spouse of officer 64298 Employment 0 SchL_P04_S00_L00 Schedule L, Part IV All employees, including employees who may meet the definition of an interested person, are hired through procedures administered by the college's Human Resources Department under applicable college policies. All such employees are provided the same benefits, and are subject to the same policies and procedures, as other college employees. All business transactions, including those with individuals or companies that may meet the definition of an interested party, are made within the normal course of business and are conducted at arm's length. Purchasing decisions are not made by these individuals. X 91 1032575 fair market value 0 0 1 0 SchM_P01_S00_L09 Schedule M, Part I, Line 9 The college is disclosing the number of contributions of publicly traded securities. These contributions may be comprised of one or more securities. F990_P05_S00_L02a Form 990, Part V, Line 2a The total number of employees includes faculty and staff of 686 and student employees of 1,130. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The college's Form 990 is prepared by the Finance Office of the college and reviewed by the Vice President for Finance and Administration. In addition, the Form 990 is reviewed and signed by an independent accounting firm. The first draft is reviewed by the Audit Committee of the Board of Trustees and any changes are incorporated into the final draft. The final draft is distributed to the full Board of Trustees via their secure website for final review prior to submission to the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All trustees and officers of the college are covered in the Wheaton College Conflict of Interest Policy for Trustees and Officers. The policy and conflict of interest disclosure statement is sent to all officers and trustees on an annual basis. The completed forms are reviewed by the Chair of the Board of Trustees, the Vice President for Finance and Administration and the President, who determine if an actual or potential conflict exists. Officers and trustees recuse themselves from discussion and voting on any matters where a conflict exists. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 We are responding "no" to this question because this policy was not approved by the board or by the authorized committee of the board as of 6/30/12. This policy was approved by President's Council, a committee consisting of the officers of the college. The college is in the process of presenting this policy to the board for approval. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Wheaton College Executive Committee, an independent board, establishes compensation to ensure that the Internal Revenue Code provision of "rebuttable presumption of reasonableness" is met and "intermediate sanctions" are not incurred. The Executive Committee obtains and relies upon appropriate data regarding comparability of the compensation package prior to making its determination. Appropriate data includes compensation levels paid by similarly situated organizations, independent compensation surveys by nationally recognized independent firms, and written offers from similar institutions competing for the services of the individual. The Executive Committee documents the basis for its determinations including: the terms of the approved transaction and date approved; the members of the committee who were present during the discussion; and the data obtained and relied upon. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The employee conflict of interest policy is contained in the Staff Handbook, which is posted to the college's Human Resources website and available to the public. The college's audited financial statements are posted to the college's Finance website, which is available to the public. In addition, the Form 990 and the audited financials are available via the Massachusetts Attorney General's website. The governing documents and trustee conflicts of interest policy are available to the public upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized losses of $4,283,688 are shown as a revenue item on the audited financial statements and included in net assets. Pooled Income Fund 35 East Main Street Norton MA 02766 Pooled Income Fund MA N/A T Perpetual Trust 35 East Main Street Norton MA 02766 Perpetual Trust MA N/A T Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 Charitable Remainder Trust MA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0