2012-08-08T09:28:32-05:00 2011-09-30 JH COHN LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2010-10-01 061627882 GOODWIN COLLEGE INC GOOD 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 JERRY EMLET 8607276906 2012-08-08 1 JOHN TOSCANO CPA 8606333000 2010 2016-02-24 21:20:13Z JERRY EMLET ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 68722267 0 X WWW.GOODWINCOLLEGE.EDU X 2001 CT SEE SCHEDULE O 20 19 605 0 -424991 -108415 5027149 13499761 34499325 54638489 -177337 36353 -145835 -411020 39203302 67763583 4485173 7797495 0 0 15201972 17552757 0 0 1314178 9491470 16714741 29178615 42064993 10024687 25698590 82479610 113603379 46805382 54357099 35674228 59246280 TO EDUCATE A CULTURALLY DIVERSE STUDENT POPULATION IN AN ENVIRONMENT THAT BUILDS BRIDGES BETWEEN EDUCATION, COMMERCE, AND COMMUNITY. 0 0 32090587 7797495 54638670 GOODWIN COLLEGE IS AUTHORIZED TO CONFER ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS AND LICENSED TO OFFER BACCALAUREATE DEGREES IN THREE PROGRAMS. TO THIS END, GOODWIN COLLEGE CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES. 2723789 CONNECTICUT RIVER ACADEMY IS A MAGNET SCHOOL LOCATED IN EAST HARTFORD, CT SERVING STUDENTS FROM THE SURROUNDING COMMUNITIES IN GRADES NINE THROUGH TWELVE. THE MISSION OF THE SCHOOL IS TO PREPARE ITS DIVERSE STUDENT BODY FOR FURTHER EDUCATIONAL OPPORTUNITIES, INCLUDING THE POSSIBLE PURSUIT OF CAREERS IN ENVIRONMENTAL OR OTHER SCIENCES WHILE BREAKING DOWN RACIAL, ETHNIC, ECONOMIC, GENDER, AND OTHER SOCIAL AND ACADEMIC BARRIERS. 34814376 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 62 0 1 605 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X JERRY EMLET 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 MR MARK SCHEINBERG 50.00 X X 452914 0 13053 MR FRANK AMODIO 2.00 X X 0 0 0 DR MARIA ELLIS 2.00 X X 0 0 0 MR RAYMOND MADORIN 2.00 X X 0 0 0 REV JOHN ROHAN 2.00 X 0 0 0 MR KEVIN ARMATA 2.00 X 0 0 0 MR ANTHONY DIFATTA 2.00 X 0 0 0 MR MARTIN D'ERAMO 2.00 X 0 0 0 MS MARY BETH REID 2.00 X 0 0 0 MR RAYMOND SOLOMSON 2.00 X 0 0 0 MS DONNA GALLUZZO 2.00 X 0 0 0 MR JULIO MATURANA 2.00 X 0 0 0 MS MERILEE DEJOHN 2.00 X 0 0 0 MR SE-MIN SOHN 2.00 X 0 0 0 MS KAREN CHADDERTON 2.00 X 0 0 0 MS VICKY NAVAROLI 2.00 X 0 0 0 MS JACKIE JACOBY 2.00 X 0 0 0 DR ETHAN FOXMAN 2.00 X 0 0 0 MR EDWARDS CASARES 2.00 X 0 0 0 MR JOHN WALTERS 2.00 X 0 0 0 MR JERRY EMLET 50.00 X 133947 0 8237 MS ANN CLARK 50.00 X 175165 0 11386 MR TODD ANDREWS 50.00 X 142492 0 6701 MS JUDITH ZIMMERMAN 50.00 X 114472 0 3186 MR BRYANT HARRELL 50.00 X 107354 0 2904 MS JANET JEFFORD 50.00 X 102955 0 10756 MR DANIEL NOONAN 50.00 X 101447 0 5143 1330746 0 61366 8 0 1 0 ZUVIC INC 1090 ELM ST SUITE 102 ROCKY HILL CT 06067 CONSTRUCTION 1827945 ENVIRONMENTAL SERVICE INC 90 BROOKFIELD ST SOUTH WINDSOR CT 06074 CONSTRUCTION 500066 CARP BUILDING STRUCTURES INC 210 DEPOT ROAD MILFORD CT 06460 CONSTRUCTION 265920 PELLETIER BUILDERS INC 138 MAIN ST COVENTRY CT 06238 CONSTRUCTION 235653 CAPITAL STUDIOS ARCHITECTURE 1379 MAIN ST EAST HARTFORD CT 06108 ARCHITECTURE 148045 5 12932910 566851 8386 13499761 STUDENT TUITION & FEES 611600 54638489 54638489 0 0 54638489 37782 37782 380956 805947 -424991 -424991 -424991 1429 -1429 -1429 -1429 151489 151308 181 181 MISCELLANOUS INCOME 611600 13790 13790 13790 67763583 54638670 -424991 50143 7797495 7797495 776971 776971 14933950 13717967 373590 842393 138883 121545 9874 7464 507759 472998 5531 29230 1195194 1045988 84974 64232 138418 138418 132885 132885 38750 38750 1564936 724442 808652 31842 2453609 2181151 153076 119382 1663522 1246952 327385 89185 469538 463875 5663 670016 569892 57021 43103 126303 88715 34545 3043 1032156 928940 103216 1594767 1435290 159477 183153 160288 13022 9843 UBIT 13474 13474 STUDENT EXPENSE 2797313 2797313 BAD DEBT EXPENSE 1178284 1178284 CONTRIBUTIONS 1116930 955 1111850 4125 REPAIRS & MAINTENANCE 935730 869203 66527 604957 191367 348917 64673 42064993 34814376 5936439 1314178 11344416 12762764 824718 7359936 6744936 12573793 1950 0 668984 525305 409060 77280368 4561657 62264258 72718711 74502 555846 7253810 82479610 113603379 6297122 7612280 13270051 13976234 26363732 24068637 874477 8699948 46805382 54357099 X 35487283 59084474 175845 161806 11100 0 35674228 59246280 82479610 113603379 X 25698590 -2126538 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 38750 0 0 38750 0 2126538 1400562 16264 125000 3418364 824550 1289044 12944 2126538 391455 422956 10139 824550 0.97300 0.00340 0.02360 0 1 1 14039207 14039207 46404644 2613325 43791319 877572 368228 509344 4052606 1580104 2472502 11906339 11906339 72718711 DUE FROM SUBSIDIARIES 6649368 RESTRICTED CASH 556025 OTHER ASSETS 48417 7253810 REFUNDABLE ADVANCES 3536974 DUE TO SUBSIDIARIES 5143383 OTHER LIABILITIES 19591 8699948 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INVESTED TO GENERATE INCOME AND LONG-TERM GROWTH. INVESTMENT RETURN IS UTILIZED IN ACCORDANCE WITH DONOR STIPULATIONS, IF ANY, FOR PAYMENT OF SCHOLARSHIPS TO FULL AND PART-TIME STUDENTS OF THE COLLEGE, AS WELL AS TO SUPPORT THE COLLEGE'S OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2011 AND 2010. THE COLLEGE'S U.S. FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2008 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE COLLEGE HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATION POLICY THROUGH NEWSPAPER AND RADIO ADVERTISEMENTS DURING PERIOD OF SOLICITATION OF STUDENTS AND ALSO ON THE SCHOOL'S WEBSITE AND CATALOG. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SEE SCHEDULE B FOR DETAIL OF THE COLLEGE'S GOVERMENTAL AGENCY ASSISTANCE. 1 FINANCIAL AID 2444 7794495 FMV INSTITUTIONAL AID APPLIED TO THE STUDENTS' ACCOUNTS. OTHER INFORMATION: PART IV: SCHEDULE I, PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS AND OTHER ASSISTANCE TO QUALIFIED INDIVIDUALS ON THE BASIS OF FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE AWARDING OF FUNDS IS MONITORED BY THE COLLEGE'S FINANCIAL AID OFFICE, WHERE A COMPLETE LISTING OF RECIPIENTS IS ALSO MAINTAINED. X X X 1 0 X X X X X X 0 0 0 0 0 0 0 0 0 MR MARK SCHEINBERG 372914 0 80000 0 0 0 9375 0 3678 0 465967 0 0 0 MS ANN CLARK 160590 0 14575 0 0 0 4127 0 7259 0 186551 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE RECEIVED A HOUSING ALLOWANCE THROUGH DECEMBER 2010, AFTERWHICH THESE PAYMENTS CEASED. TOTAL ALLOWANCES OF $6,923 WERE PAID DURING THE TAX YEAR FROM OCTOBER 2010 THROUGH DECEMBER 2010 AND WERE INCLUDED AS TAXABLE COMPENSATION ON THE PRESIDENT'S 2010 FORM W-2. ORGANIZATION MISSION STATEMENT FORM 990, PART I, LINE 1 IN PARTNERSHIP WITH THE HARTFORD FOUNDATION FOR PUBLIC GIVING, GOODWIN COLLEGE SEEKS TO ADDRESS GAPS IN HIGHER EDUCATION OPPORTUNITY IN THE STATE OF CONNECTICUT BY CRAFTING PROGRAMS AND SERVICES TO ENABLE LOW-INCOME AND MINORITY STUDENTS TO EARN COLLEGE DEGREES AT A HIGHER RATE THAN IS GENERALLY ACHIEVED AT PUBLICLY-FUNDED INSTITUTIONS BUT AT A LOWER FINANCIAL COST THAN OTHER PRIVATE COLLEGES. OVER HALF OF GOODWIN'S GRADUATES WERE THE FIRST IN THEIR FAMILIES TO ATTEND AND COMPLETE COLLEGE. GOODWIN COLLEGE'S ACADEMIC PROGRAMS, WHICH INCLUDE SIX BACCALAUREATE PROGRAMS AND A RANGE OF ASSOCIATE DEGREES AND CERTIFICATES, ARE TIED TO WORKFORCE NEEDS, HELPING TO ENSURE THE EMPLOYABILITY OF GRADUATES. IN ADDITION, GOODWIN IS EXPLORING VARIOUS PROGRAM INITIATIVES THAT WILL LEAD TO A MASTER DEGREE. MANY OF GOODWIN COLLEGE'S STUDENTS THRIVE IN A SUPPORTIVE ACADEMIC ENVIRONMENT, BUT REQUIRE INDIVIDUALIZED SUPPORT SERVICES TO OVERCOME OBSTACLES TO EDUCATIONAL COMPLETION. TO SERVE THIS POPULATION, GOODWIN PROVIDES ONE-ON-ONE ADVISING, CASE-MANAGEMENT, AND COUNSELING SERVICES, AS WELL AS TUTORING AND PEER-MENTORING. ONE SUCH PROGRAM, THE GOODWIN ACHIEVEMENT PROGRAM (GAP), OFFERS FOUNDATIONAL CLASSES AT NO CHARGE TO STUDENTS WHOSE READING AND MATH SKILLS FALL BELOW COLLEGE-LEVEL PROFICIENCY. THE COLLEGE ALSO SUPPORTS INITIATIVES TARGETED AT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, INCLUDING THE MEN OF VISION IN EDUCATION (MOVE) AND WOMEN INVESTED IN SEEKING EDUCATION (WISE), WHICH PROVIDE FINANCIAL AID, CASE MANAGEMENT, AND MENTORSHIP FOR YOUNG MEN AND WOMEN FROM MINORITY BACKGROUNDS, AND SUMMER BRIDGE, A COLLEGE READINESS PROGRAM FOR URBAN HIGH SCHOOL GRADUATES. GOODWIN COLLEGE PROMOTES TEACHING EXCELLENCE AMONG ITS FACULTY BY PROMOTING PROFESSIONAL DEVELOPMENT AND ASSESSMENT. GOODWIN FACULTY ARE SUPPORTED IN THEIR INDIVIDUAL RESEARCH ENDEAVORS, WITH AN EMPHASIS IS PLACED ON THOSE ACTIVITIES WHICH BEST TRANSLATE TO STUDENT SUCCESS INSIDE AND OUTSIDE THE CLASSROOM. TO HELP PROMOTE A CULTURE OF TEACHING EXCELLENCE, GOODWIN PROVIDES A GRANT PROGRAM TO INSPIRE INNOVATION AND IMPROVEMENT IN PROGRAM DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR ITS REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE COLLEGE IS THEN INFORMED OF THE APPROVAL FOR FILING AND THE RETURN IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A COMPLIANCE REVIEW IS CONDUCTED ANNUALLY ON THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS REVIEWS ALL POLICIES ANNUALLY WITH THE ASSISTANCE OF STAFF AND THE BOARD LIAISON. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF TOP MANAGEMENT AND KEY EMPLOYEES SALARIES ARE REVIEWED BY AN INDEPENDENT COMPENSATION COMMITTEE WHO COMPARES THEIR SALARIES TO TOP MANAGEMENT AND KEY EMPLOYEE'S SALARIES OF OTHER COLLEGES. THE BOARD APPROVES THE SALARIES ONCE THE COMPENSATION COMMITTEE REVIEWS THEM. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: REMOVE NET ASSETS OF GOODWIN COLLEGE FOUNDATION, INC., EIN: 06-1599388, WHICH ARE REPORTED ON A SEPERATE RETURN. -2,126,538. TOTAL TO FORM 990, PART XI, LINE 5: -2,126,538. FORM 990, PART XII, LINE 2C: THE COLLEGE'S OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED DURING THE TAX YEAR. 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