2012-05-15T08:32:39-04:00 2011-06-30 PricewaterhouseCoopers LLP 677 BROADWAY ALBANY NY 12207 990 2010-07-01 141338587 Vassar College VASS 8454375890 124 Raymond Avenue Box 12 Poughkeepsie NY 12604 Donald Barton 2012-05-13 5184622030 2010 2016-02-24 21:20:13Z Catharine Bond Hill 124 Raymond Avenue - Box 1 Poughkeepsie NY 12604 551409193 false X www.vassar.edu X 1861 NY The primary mission of Vassar College is to provide an undergraduate education in a coeducational, residential experience. 33 32 3645 5000 -86314 0 26968188 46932746 128426949 133228905 46685197 45212831 3865154 4146903 205945488 229521385 44051695 50610001 0 108110743 93058778 91564 76290 9111532 61009087 73277565 213263089 217022634 -7317601 12498751 1191958284 1328944763 269464742 254944473 922493542 1074000290 THE PRIMARY MISSION OF VASSAR COLLEGE IS TO PROVIDE AN UNDERGRADUATE EDUCATION IN A COEDUCATIONAL, RESIDENTIAL EXPERIENCE. false false 69529300 INSTRUCTION 18036257 ACADEMIC SUPPORT 16677945 STUDENT SERVICES 65653646 50036537 229521385 169897148 true true false true false false true true false true true true false false true false true false true true true false true true false false false false true true true false false false false false true false false true false true true false false true true false false false false true X 2163 0 true 3645 true true true true RS GM EI IT SP UK false false false false false false false false X 33 32 false false false true false false false true true false false true true true true true true true true false NH NJ NY WA X X DONALD BARTON CONTROLLER 8454375890 124 RAYMOND AVE BOX 12 POUGHKEEPSIE NY 12604 JOHN P ARNHOLD 2.0 X 0 0 0 MARK BURSTEIN 2.0 X 0 0 0 MARGARITA T CAMACHO MD 2.0 X 0 0 0 JAMES M CITRIN 4.0 X 0 0 0 SALLY DAYTON CLEMENT 4.0 X 0 0 0 LURITA ALEXIS DOAN 4.0 X 0 0 0 DIANE DOWNING 2.0 X 0 0 0 BROOKE DUNCAN III 2.0 X 0 0 0 MARY LLOYD ESTRIN 4.0 X 0 0 0 LINDA FAIRSTEIN 2.0 X 0 0 0 BRENT FEIGENBAUM 2.0 X 0 0 0 ROBERT J FRIEDMAN 4.0 X 0 0 0 ANTHONY J FRISCIA 4.0 X 0 0 0 MARYELLEN CATTANI HERRINGER 2.0 X 0 0 0 PHILIP N JEFFERSON 4.0 X 0 0 0 HENRY P JOHNSON 6.0 X 0 0 0 STEVEN W KORN 4.0 X 0 0 0 LISA KUDROW 4.0 X 0 0 0 GERALDINE BOND LAYBOURNE 2.0 X 0 0 0 JUDITH AXENZOW LEWITTES 2.0 X 0 0 0 PAULA WILLIAMS MADISON 2.0 X 0 0 0 ALICE PACK MELLY 2.0 X 0 0 0 WILLIAM A PLAPINGER 12.0 X 0 0 0 MERYL STREEP 2.0 X 0 0 0 LUCY SUN 2.0 X 0 0 0 STEVEN A TANANBAUM 2.0 X 0 0 0 ROBERT TANENBAUM 2.0 X 0 0 0 BARBARA MANFREY VOGELSTEIN 10.0 X 0 0 0 NORA ANN WALLACE 4.0 X 0 0 0 JILL TROY WERNER 4.0 X 0 0 0 CHRISTIANNA WOOD 2.0 X 0 0 0 PAMELA MARS WRIGHT 2.0 X 0 0 0 CATHARINE HILL 40.0 X X 392955 0 227008 CATHERINE BAER 40.0 X 242917 0 33759 DONALD BARTON 40.0 X 112530 0 30541 JONATHAN CHENETTE 40.0 X 204402 0 76136 SUSAN DEKREY 40.0 X 170605 0 33694 ELIZABETH EISMEIER 40.0 X 278340 0 34415 JOHN FEROE 40.0 X 187563 0 25846 BRET INGERMAN 40.0 X 170532 0 32067 MARGARET KITZINGER 40.0 X 189584 0 26640 CHRISTOPHER ROELLKE 40.0 X 148947 0 69619 R NICHOLAS ADAMS 40.0 X 162941 0 25570 JAMES MERRELL 40.0 X 167602 0 31556 PAUL RUUD 40.0 X 170737 0 27609 RONALD SHARP 40.0 X 180684 0 33617 RICHARD WILSON 40.0 X 176098 0 29999 FRANCES FERGUSSON 20.0 X 159391 0 13604 3115828 0 751680 126 true true false KIRCHHOFF Consigli Construction 199 WEST ROAD PLEASANT VALLEY NY 12569 CONSTRUCTION Svcs 2329476 ARAMARK Services Inc 80 GLASTONBURY BLVD SUITE 3 MADISON CT 064432508 FOOD SERVICE MGMT 3996935 STORM KING Group INC 720 NEELYTOWN ROAD MONTGOMERY NY 12549 CONSTRUCTION SVCS 2610658 Ennead Architects LLP 320 West 13th Street NEW YORK NY 100141278 Architects 2121734 AETOS Capital LP 875 Third Avenue NEW YORK NY 10022 Investment Advisor 1896548 55 2687421 44245325 5240230 46932746 TUITION AND FEES 611600 109319730 109319730 ROOM AND BOARD 721000 21023470 21023470 OTHER REVENUE 900099 2885705 2885705 133228905 11826809 40587 -86314 11872536 0 0 421295 438765 -17470 -17470 -17470 353750781 379116 320469984 273891 33280797 105225 33386022 0 0 1043482 705168 338316 338316 SUMMER PROGRAMS 611600 34508 34508 MISCELLANEOUS INCOME 511120 3791549 3791549 3826057 229521385 137416395 -86314 11872536 0 50036537 50036537 573464 573464 0 2481127 1096786 847781 536560 0 70300845 56240676 10545127 3515042 6338266 5229070 792283 316913 8663166 7147113 1082896 433157 5275374 4220299 791306 263769 0 523258 523258 327347 327347 0 76290 76290 5573005 5573005 814117 566173 61373 186571 740629 455824 124418 160387 4678735 2807241 1731132 140362 1147218 1041042 95632 10544 0 7940592 4923167 2938019 79406 2020027 1252417 222203 545407 0 585786 205924 373859 6003 8056410 6190311 1679489 186610 0 19981948 18172448 1628551 180949 502080 84278 344017 73785 LIBRARY MATERIALS 1156271 1156271 JYA PROGRAM FEES 3329625 3329625 OTHER 9677885 4546912 4223229 907744 FOOD SERVICES 3996935 3996935 REGIONAL PROGRAMS 1491569 1491569 734128 621570 112094 464 217022634 169897148 38013954 9111532 5845266 5893395 82179407 65056934 19654161 26170443 320693 444843 8939 3323 3529944 3335528 682346 566110 6301583 5068928 601049834 246067525 352379899 354982309 401457700 485358053 318451963 372579538 1146383 9485359 1191958284 1328944763 20275614 20976226 3504188 3897094 172480000 170905000 73204940 59166153 269464742 254944473 X 616767358 356022484 63655766 450406004 242070418 267571802 922493542 1074000290 1191958284 1328944763 X 12498751 139007997 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1 1 false false Part II-B - Lobbying - Other Activities THE COLLEGE PAYS MEMBERSHIP DUES TO SEVERAL ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. X 1 1.00 0 1 false 12.00 0 467924 44927883 X X X X X INSTRUCTION false 699492470 14765503 139270779 10340803 29057891 814130058 658238992 10518749 72594309 10135275 31724305 699492470 848362846 13088706 -158781969 10397858 34032733 658238992 0.18811 0.30614 0.51000 true false 539843 1586030 2125873 2124213 378961899 133149347 247936765 3298447 1116514 2181933 75798356 64610834 11187522 138741046 47190829 91550217 354982310 HEDGE FUNDS 182289693 F VENTURE CAPITAL 76313496 F REAL ESTATE, OIL & GAS 82634737 F INSTITUTIONAL MUTUAL FUNDS 26232059 F MARKETABLE REAL ESTATE 3432546 F BALANCED ACCOUNTS 1677007 F 372579538 0 REFUNDABLE GOV'T LOAN FUNDS 2682131 PRESENT VALUE OF BENEFIT PYMTS 13368523 DEPOSITS HELD FOR OTHERS 3178638 ACCRUED PENSION LIABILITY 6483780 ACCRUED POSTRETIREMENT BENEFIT 25343000 ASSET RETIREMENT OBLIGATION 8110081 59166153 229521385 217022634 12498751 118998604 9383676 128382280 140881031 306489634 118998604 13464952 132463556 174026078 5458770 50036537 55495307 229521385 165608603 1503085 1503085 164105518 5458770 47458346 52917116 217022634 Schedule D, Part II, Line 9: The College's conservation easement has no attributed value and is not recorded in the financial statements. Schedule D, Part III, Line 4: The college's Frances Lehman Loeb Art Center maintains collections of paintings, sculptures, prints, photographs, and ceramics for use by faculty and students as a complement to the curriculum in a variety of instructional disciplines. The art center is also open to the community. Schedule D, Part V, Line 4: The college's endowment funds are maintained according to donor restrictions and earnings are used to support scholarships and a variety of programs including instruction, research and academic support. Schedule D, Part XI, Line 8: Post Retirement Benefits changes other than net periodic benefit costs: 1,025,000 Reimbursement to vendor bookstore for student charges (797,916) Rental Income, net of expenses 17,470 Post retirement benefits changes other than net periodic benefits costs 10,677,000 Exempt interest separately reported 40,587 Pension Liability adjustment (1,578,465) Total 9,383,676 Schedule D, Part XII, Line 2D: Adjustment for minimum pension liability 4,507,004 Cost of goods sold 705,169 Post retirement benefit changes other than net Periodic benefits costs 10,677,000 Exempt interest separately reported 40,587 Rental income, net of expenses 17,470 Reversal of capital expenditures (2,482,278) Total 13,464,952 Schedule D, Part XII, Line 4B: Scholarships 50,036,537 Schedule D, Part XIII, Line 2D: Cost of Goods sold - computer store 705,169 Reimbursement to vendor bookstore for student charges 797,916 Total 1,503,085 Schedule D, Part XIII, Line 4B: Adjustment for minimum pension liability (6,085,469) Post retirement benefit changes other than net periodic benefits costs 1,025,000 Scholarships 50,036,537 Reversal of Capital Expenditures 2,482,278 Total 47,458,346 true true true true true true true false false false false false false false false true false true Non-Discriminatory Policy VASSAR COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY VIA BROCHURES MAILED TO ALL POTENTIAL STUDENTS. true Europe (Including Iceland and Greenland) 5 5 Program Services Instruction 1611570 Russia and the Newly Independent States 1 1 Program Services Instruction 148562 Central America and the Caribbean Investments 10000000 Europe (Including Iceland and Greenland) Investments 10000000 6 6 6 6 21760132 21760132 Scholarships Europe/Iceland/Greenland 39 551505 ACCT CREDIT Scholarships Russia 2 21958 ACCT CREDIT true false false true true false Schedule F, Part I, Line 2: Students who are awarded scholarships have funds credited to their account and use is restricted to purposes related to enrollment in a program of study. X X X X X X true John Brown Ltd Inc 46 Grove St Ptr 46 Grove Street Petersburgh NH 03458 CONSULTING false 76290 76290 NJ NY VA Scholarships 1524 49389709 Fellowships 99 646828 Part I: Students who are awarded scholarships have funds credited to their account and the use is restricted to purposes related to enrollment in a program of study. Recipients of fellowships are required to submit periodic written reports of their activities to the College. X X X true true X X X X X X false true false false false false false false false CATHARINE HILL 377190 0 0 0 15765 0 156850 0 70158 0 619963 0 0 0 CATHERINE BAER 237328 0 0 0 5589 0 31850 0 1909 0 276676 0 0 0 JONATHAN CHENETTE 202548 0 0 0 1854 0 28350 0 47786 0 280538 0 0 0 SUSAN DEKREY 169575 0 0 1030 0 24177 0 9517 0 204299 0 0 0 ELIZABETH EISMEIER 246072 0 0 0 32268 0 31850 0 2565 0 312755 0 30000 0 JOHN FEROE 182043 0 0 0 5520 0 24721 0 1125 0 213409 0 0 0 BRET INGERMAN 169220 0 0 0 1312 0 23942 0 8125 0 202599 0 0 0 MARGARET KITZINGER 187875 0 0 0 1709 0 25515 0 1125 0 216224 0 0 0 CHRISTOPHER ROELLKE 147656 0 0 0 1291 0 22275 0 47344 0 218566 0 0 0 R NICHOLAS ADAMS 162026 0 0 0 915 0 22306 0 3264 0 188511 0 0 0 JAMES MERRELL 166954 0 0 0 648 0 23604 0 7952 0 199158 0 0 0 PAUL RUUD 166577 0 0 0 4160 0 23092 0 4517 0 198346 0 0 0 RONALD SHARP 178588 0 0 0 2096 0 25235 0 8382 0 214301 0 0 0 RICHARD WILSON 170780 0 0 0 5318 0 23874 0 6125 0 206097 0 0 0 FRANCES FERGUSSON 88520 0 0 0 70871 0 12542 0 1062 0 172995 0 69881 0 Schedule J, Part I, Line 1A. On-campus housing is provided for the President, Dean of the Faculty, and Dean of the college as a condition of employment and for the convenience of the college. The estimated value of this housing is included in Part II, Column D. Schedule J, Part I, Line 1A. Annual dues for clubs are paid by the college and provided to the president for the benefit of the college. Dues paid according to contract are treated as imputed income and are included in Part Ii, Column B III. Schedule J, Part I, Line 4B: The college maintains a closed, supplemental non-qualified retirement plan for certain officers and former officers. The plan has been closed since 2004. Withdrawals from the plan are reported as taxable income to the participant in part II, column B III and as compensation reported in a prior form 990 in Part II, Column F. Schedule J, Part I, Line 4B: The college maintains a second supplemental non-qualified retirement plan under section 457 of the IRS code. The president is a participant in this plan and the annual contribution of $125,000 is included in Part II, Column C. All other deferred compensation for the President is contributed to a 403(b) plan. Dormitory Authority of the State of NY 146000293 649903Kd2 2007-04-18 127431246 CAP IMP, REFUND SERIES 1995 & 2001 false false Dormitory Authority of the state of NY 146000293 649905ys9 2010-04-29 50593000 CAPITAL IMPROVEMENTS false false 4550000 130063554 1091026 53290734 33325770 42356024 2010 true true false true 51380748 1696898 485935 4967753 491502 43738660 2013 false false false true false false true true true 0.02000 0.01000 0.03000 true false false true true true 0.02000 0.01000 0.03000 true false false false false false false false false false false false false Part I, Column F: Bond Issues refunded by the Series 2007 Bonds 1. Dutchess County IDA, Civic Facility Revenue Bonds, Series 2001 (issued 02/16/2001) 2. DASNY Vassar College Revenue Bonds, Series 1995 (issued 1/04/1996) Judy Faye Jackson X 30000 3323 false true true 3323 JOHN FEROE OFFICER 36438 EMPLOYED FAMILY MEMBER false X 34 467926 Ind. Appraisal X 52537 nominal val. $1/item X 212 4459766 fair market value X CHINA/SILVERWARE 3 10002 Ind. Appraisal X DONEGAL CARPET 1 250000 IND. APPRAISAL 14 false true true 32A: GIFTS OF SECURITIES ARE RECEIVED BY REGISTERED BROKERS AND SOLD ON BEHALF OF THE COLLEGE. PROCEEDS FROM SALES ARE DEPOSITED INTO COLLEGE BANK ACCOUNTS. Part VI, Section B #15 Vassar particpates in a third party data collection process with 25 peer colleges. We submit data annually to a professional compensation analyst, who summarizes the data as a range with quartiles. The report is provided to the Personnel and Compensation Committee of the Board of Trustees. The Board determines raises for all senior officers and reports their findings through the President and the Vice President for Finance and Administration. Committee records are maintained by the Chair of the Personnel and Compensation Committee, with a copy to the secretary of the board of trustees for the permanent files of the board. Part VI, Section C #19 Vassar publishes its Governance in print and online, the conflict of interest policy is published online, and annual audited financial statements are available online and in print form by request. Part VI, Section B, Line 11: The Board of Trustees delegates the responsibility for oversight of the preparation of form 990 to the audit committee which reviews the form 990 as a draft prior to the completion of the professional review by outside tax advisors. The final version is provided to all members of the board of trustees prior to submission. Part VI, Section B, Line 12: Vassar College issues conflict of interest questionnaires to officers, directors, trustees and other members of the faculty and administration with significant budgetary responsibilities. Once the completed forms are submitted to the secretary of the board and reviewd by the vice president of finance and administration, the chair of the board and the chair of the audit committee, the college responds to any disclosures with appropriate action including requiring persons to recuse themselves of involvement with any parties for which the relationship would represent a true conflict of interest. Part III, Line 4D Other program services include research and auxiliary enterprise expenditures, scholarships to students enrolled in academic programs, and tuition, room and board revenue. Part VI, Section A, Line 5 In March of 2011 the College discovered that a former employee had submitted fraudulent invoices for construction services totaling approximately $2.5 million over a period of years. The discovery was immediately reported to the Trustee Audit Committee and to local authorities, leading to an independent private investigation and criminal investigation by local law enforcement. In January of 2012 the former employee pled guilty to first degree larceny and received sentencing. In February of 2012 the College received a $2.0 million payment from its insurance claim which will be reported in the 2011-12 Form 990. Additional recoveries are anticipated. Part XI, Line 5 Unrealized Gain 118,998,604 Pension Liability Adjustment (1,578,465) Post Retirement Benefits changes other than Net periodic benefits costs 10,677,000 Exempt interest Separately Reported 40,587 Rental Income, Net of Expenses 17,470 Reimbursement to vendor bookstore for student charges (797,916) Adjustment to prior year receivables 3,230,102 Adjustment to prior year other assets 7,395,615 Post retirement benefits changes other than Net periodic benefits costs 1,025,000 Total other changes in net assets 139,007,997 College Properties LLC RE Investment NY -17470 2698634 NA Vassar College Henry N MacCracken PIF 124 Raymond Ave Poughkeepsie NY 12604 226856949 Pooled Inc Fund NY NA Trust 0 0 Vassar College Market Value PIF 124 Raymond Ave Poughkeepsie NY 12604 237258635 Pooled Inc Fund NY NA Trust 219263 0 Vassar College Old Life Income PIF 124 Raymond Ave Poughkeepsie NY 12604 510485053 Pooled Inc Fund NY NA Trust 185042 0 Vassar College Charitable Remainder Trus 124 Raymond Ave Poughkeepsie NY 12604 Remainder Trust NY NA Trust 81944 0 false false false false false false false false false false false false false false false false true true Vassar College Henry N MacCracken PIF Vassar College Market Value PIF r 219263 Vassar College Old Life Income PIF r 185042 Vassar College Charitable Remainder Trusts (v q 649 Vassar College Charitable Remainder Trusts (v r 81944