2012-05-14T15:06:05-05:00 2011-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2010-07-01 030179403 SAINT MICHAEL'S COLLEGE STMI 8026542586 ONE WINOOSKI PARK BOX 274 COLCHESTER VT 05439 NEAL E ROBINSON 2012-05-10 6179881000 2010 2016-02-24 21:20:13Z NEAL E ROBINSON ONE WINOOSKI PARK BOX 274 COLCHESTER VT 05439 113391465 false 0928 X WWW.SMCVT.EDU X 1913 VT IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH. 30 28 2067 1494 181852 5308628 5037830 89518494 91828277 2431078 2623401 1254173 1323099 98512373 100812607 23044126 25377966 0 0 42059402 39688298 0 0 2222773 32666396 32623305 97769924 97689569 742449 3123038 158142792 168246990 50069711 46829783 108073081 121417207 X IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN 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40.0 X 178824 0 20438 JERRY E FLANAGAN 40.0 X 132103 0 60146 MICHAEL D SAMARA 40.0 X 133577 0 25560 PATRICK J GALLIVAN 40.0 X 139668 0 17147 KATHLEEN A RUPRIGHT 40.0 X 149590 0 7698 WILLIAM O ANDERSON 40.0 X 126310 0 55609 SUSAN W SUMMERFIELD 40.0 X 123177 0 15223 RONALD B MILLER 40.0 X 119396 0 23683 JOHN P KENNEY 40.0 X 116029 0 60461 RICHARD V DIVENERE 40.0 X 116801 0 20443 2081474 0 487174 31 true true false BLUE CROSS BLUE SHIELD OF VT PO BOX 1950 BRATTLEBORO VT 053021950 HEALTH INSURANCE ADM 340245 CONTROL TECHNOLOGIES INC 121 PARK AVENUE WILLISTON VT 05495 SYSTEMS INTEGRATORS 322558 COMPETITIVE COMPUTING 354 MOUNTAIN VIEW DRIVE COLCHESTER VT 05446 IT CONSULTANTS 266866 ROYALL COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 RECRUITING CONSULANT 240289 MAGUIRE ASSOCIATES 5 CONCORD FARMS CONCORD MA 017422727 FINANCIAL AID CONSUL 110000 6 26327 1989574 3021929 254690 5037830 TUITON AND FEES 611710 72439657 72439657 RESIDENCE AND DINING 721310 15268374 15268374 BOOKSTORE 451211 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159394505 87689939 74070645 71704566 11376913 13785141 53961391 64311155 691566 652587 158142792 168246990 5887283 4730570 2112701 1841546 29857061 27911099 494416 334338 11718250 12012230 50069711 46829783 X 70554150 78446489 10403824 14902017 27115107 28068701 108073081 121417207 158142792 168246990 X 3123038 10221088 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 500 false false false 500 false false GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES PART II-B, LINE 1F THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORMS SERVING THE INTERESTS OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $15,607. APPROXIMATELY $500 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING. 58518913 2518415 13012809 1682667 792283 343713 71231474 55196338 494093 5881858 1850593 899595 303188 58518913 73084203 1279814 -15818576 2546083 508567 294453 55196338 0.46000 0.37000 0.17000 false false 2335261 2335261 118296722 60953280 57343442 33238955 23719881 9519074 5523568 3016779 2506789 71704566 CASH EQUIVALENTS 2259690 F DOMESTIC EQUITIES INDEX FUND 4708009 F GLOBAL EQUITIES MUTUAL FUNDS 30526137 F HEDGE FUND OF FUNDS & P.E. 15675493 F DEPOSITS WITH BOND TRUSTEES 4878683 F DIRECT HEDGE FUND 4390853 F SUBORDINATED DEBT 1589220 F REAL ESTATE 283070 F 64311155 0 OTHER LIABILITIES 3873058 AMTS HELD ON BEHALF OF OTHERS 2405563 REFUNDABLE ADVANCES 4112060 ANNUITY OBLIGATION 118706 CAPITAL LEASE OBLIGATIONS 1502843 12012230 100812607 97689569 3123038 10253918 -32830 10221088 13344126 85718099 10253918 10253918 75464181 25348426 25348426 100812607 72373973 32770 32770 72341203 25348366 25348366 97689569 ENDOWMENT FUNDS PART V, LINE 4 THE PRIMARY USE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT OUR STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION THROUGH SCHOLARSHIP ASSISTANCE, RESEARCH AND STUDY ABROAD OPPORTUNITIES, SERVICE LEARNING, STUDENT SERVICES AND LECTURES SERIES. IN A FEW INSTANCES, ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO SUPPORT LIBRARY ACQUISITIONS, DEPARTMENT CHAIRS AND DEFERRED MAINTENANCE ON BUILDINGS PREVIOUSLY FUNDED BY DONORS. UNCERTAIN TAX POSITIONS PART X, LINE 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. RECONCILIATION OF CHANGE IN NET ASSETS PART XI, LINE 8 ATHLETICS SUPER RAFFLE PROCEEDS $ (32,830) OTHER REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XII, LINE 4B ATHLETICS SUPER RAFFLE PROCEEDS $ 32,830 STUDENT FINANCIAL AID $ 25,348,366 SPECIAL EVENTS EXPENSES $ (32,770) ------------ TOTAL $ 25,348,426 OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN PART XIII, LINE 2D SPECIAL EVENTS EXPENSES $ 32,770 OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XIII, LINE 4B STUDENT FINANCIAL AID $ 25,248,366 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY PART I, LINE 3 THE COLLEGE INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BYLAWS, EMPLOYEE HANDBOOK, GRADUATE AND UNDERGRADUATE CATALOGS, STUDENT CODE OF CONDUCT AND COLLEGE POLICY HANDBOOK, FACULTY REGULATIONS, ON OUR APPLICATION SUPPLEMENT, UNDER FACTS ABOUT THE COLLEGE ON ITS WEBSITE AND WITHIN THE NEASC SELF STUDY DOCUMENT FOR REACCREDITATION. THE COLLEGE ALSO VALUES DIVERSITY AND HAS A BOARD OF TRUSTEES APPROVED POLICY WHICH IS ALSO CONTAINED WITHIN MANY OF THESE DOCUMENTS. GRANTS FROM GOVERNMENT AGENCIES PART I, LINE 6A SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS. true Europe (Including Iceland and Greenland) 0 0 Program Services SHORT-TERM PROGRAM 26617 Central America and the Caribbean 0 0 Program Services SHORT-TERM PROGRAM 12955 South Asia 0 0 Program Services SHORT-TERM PROGRAM 7246 South Asia 0 0 Program Services SERVICE-DONATION 11000 Central America and the Caribbean 0 0 Program Services SERVICE-DONATION 8600 East Asia and the Pacific 0 0 Program Services RECRUITING 12949 Europe (Including Iceland and Greenland) 0 0 Program Services RECRUITING 8074 North America 0 0 Program Services RECRUITING 6202 South America 0 0 Program Services RECRUITING 8385 Middle East and North Africa 0 0 Program Services RECRUITING 2123 East Asia and the Pacific 0 6 AGENT 39123 South America 0 1 AGENT 3558 South Asia 0 0 Program Services SERVICE TRIP 27420 Central America and the Caribbean 0 0 Program Services SERVICE TRIP 2550 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 45490 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 617051 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 1954357 Middle East and North Africa 0 0 Program Services STUDY ABROAD 31827 North America 0 0 Program Services STUDY ABROAD 21881 South America 0 0 Program Services STUDY ABROAD 190304 South Asia 0 0 Program Services STUDY ABROAD 97492 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 192288 Central America and the Caribbean 0 0 Investments 621206 0 7 0 0 0 7 2793700 1154998 3948698 South Asia GENERAL SUPPORT 11000 CHECK Cent. America/Caribbean GENERAL SUPPORT 8600 CHECK 2 2 STUDENT SCHOLARSHIPS Cent. America/Caribbean 4 30385 STUDENT A/C STUDENT SCHOLARSHIPS East Asia/Pacific 28 145996 STUDENT A/C STUDENT SCHOLARSHIPS Europe/Iceland/Greenland 99 612933 STUDENT A/C STUDENT SCHOLARSHIPS Middle East/North Africa 2 12895 STUDENT A/C STUDENT SCHOLARSHIPS North America 2 7660 STUDENT A/C STUDENT SCHOLARSHIPS Russia 1 6165 STUDENT A/C STUDENT SCHOLARSHIPS South America 10 73217 STUDENT A/C STUDENT SCHOLARSHIPS South Asia 4 55120 STUDENT A/C STUDENT SCHOLARSHIPS Sub-Saharan Africa 11 67230 STUDENT A/C true false false true true true ACTIVITIES OUTSIDE THE UNITED STATES PART I, LINE 3 SHORT-TERM PROGRAMS SAINT MICHAEL'S COLLEGE INTERNATIONAL SHORT-TERM PROGRAMS ARE AN IMPORTANT AND CREATIVE WAY FOR FACULTY AND STUDENTS TO EXPAND THE BOUNDARIES OF THE SAINT MICHAEL'S CAMPUS. SHORT TERM STUDY TOURS ARE ACADEMIC COURSES DEVELOPED BY FACULTY. TYPICALLY LASTING TWO WEEKS, THESE PROGRAMS INVOLVE STUDY ABROAD, MAY INCLUDE DIRECT INVOLVEMENT IN ISSUES COVERED IN AN ON CAMPUS COURSE AND PROVIDE DIRECT EXPERIENCE ON A PARTICULAR TOPIC IN A PARTICULAR LOCALE. STUDY ABROAD THE COLLEGES UTILIZES OVER 20 THIRD-PARTY PROGRAM PROVIDERS AND EXCHANGE PARTNERS TO PROVIDE STUDENTS WITH OPPORTUNITIES TO STUDY IN OVER 70 COUNTRIES. THERE ARE MANY DIVERSE PROGRAM OFFERINGS FOR A STUDENT'S STUDY ABROAD EXPERIENCE. IN OUR INCREASINGLY GLOBAL SOCIETY, MORE AND MORE STUDENTS RECOGNIZE THE VALUE OF SPENDING A SEMESTER OR YEAR ABROAD. RECRUITING THE COLLEGE HAS ONE FULL-TIME STAFF MEMBER WHO TRAVELS TO RECRUIT INTERNATIONAL STUDENTS AND GROUPS FOR OUR ENGLISH LANGUAGE PROGRAMS AND UNDERGRADUATE ADMISSIONS. THESE ARE EXPENSES RELATED TO TRAVEL IN JAPAN, CHINA, KOREA, SWITZERLAND, FRANCE, MONACO, BRAZIL, TURKEY, AUSTRALIA, ABU DHABI AND SAUDI ARABIA. AGENTS THE COLLEGE'S APPLIED LINGUISTICS DEPARTMENT OFFERS A VARIETY OF ENGLISH LANGUAGE PROGRAMS FOR STUDENTS TO EARN A CERTIFICATE OF COMPLETION AND/OR MASTERS DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. UPON SUCCESSFUL COMPLETION OF THE ADVANCED ENGLISH PROGRAM LEVEL II, A STUDENT MAY MATRICULATE INTO AN UNDERGRADUATE DEGREE PROGRAM AT THE COLLEGE OR ELSEWHERE. THE COLLEGE USES INTERNATIONAL AGENTS TO ASSIST WITH RECRUITING AND ADMISSIONS FOR THESE PROGRAMS. SERVICE TRIP REFER TO PART II SUPPLEMENTAL INFORMATION, THIS REPRESENTS THE IN COUNTRY EXPENSES PAID FOR FLIGHTS, MEALS, SUPPLIES AND LODGING. GRANTS TO ENTITIES OUTSIDE THE UNITED STATES PART II OUR MOBILIZATION OF VOLUNTEER EFFORTS DEPARTMENT, KNOWN AS MOVE, PROMOTES ONE PRINCIPLE OF THE CATHOLIC FAITH - CHARITY. MOVE PROVIDES OPPORTUNITIES FOR THE COLLEGE'S STUDENTS TO DO COMMUNITY SERVICE WORK DURING THE ACADEMIC YEAR AND DURING SEMESTER AND SUMMER BREAKS AT BOTH DOMESTIC AND INTERNATIONAL SERVICE SITES. SEE SCHEDULE O UNDER PART III STUDENT SERVICES FOR MORE DETAILS. THESE PAYMENTS REPRESENT FUNDS RAISED BY STUDENTS TO HELP SUPPORT NON-PROFIT ORGANIZATIONS IN INDIA AND THE DOMINICAN REPUBLIC WHERE THEY VOLUNTEER AFTER THE ACADEMIC YEAR CONCLUDES. MOVE IS IN COMMUNICATION WITH THE RECIPIENT ORGANIZATIONS THROUGHOUT THE YEAR AND HAVE GENERAL CONVERSATIONS ABOUT THE ORGANIZATIONS' STATUS AND PROJECTS AND MAKE ARRANGEMENTS FOR THE FOLLOWING YEAR TRIP. MOVE WORKS WITH THE ORGANIZATIONS SO STUDENT VOLUNTEERS HAVE A CLEAR VISION ABOUT WHAT IS EXPECTED AND WHAT THEY SHOULD EXPECT WHEN THEY ARRIVE IN THE COUNTRY. SCHOLARSHIPS PART III SCHOLARSHIPS RELATE TO STUDENTS STUDYING ABROAD FOR A SEMESTER OR A YEAR. ALL SCHOLARSHIPS ARE APPLIED TO THE STUDENTS' ACCOUNT BALANCE. 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OUR MOBILIZATION OF VOLUNTEER EFFORTS (MOVE) ADMINISTRATORS AND STUDENTS WORK WITH COTS ON OTHER PROEJCTS THROUGHOUT THE YEAR AND ONE OF THE COLLEGE'S VICE PRESIDENT'S IS A BOARD MEMBER OF THIS ORGANIZATION. THE COLLEGE WORKS CLOSELY TO ENSURE THE FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSE. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. PART III THE COLLEGE RECOGNIZES THE HIGH COST OF PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE, AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDE GRANTS AND SCHOLARSHIPS, LOANS, AND STUDENT EMPLOYMENT. IN 2010-2011, THE COLLEGE ADMINISTERED OVER $44 MILLION IN ASSISTANCE, OF WHICH APPROXIMATELY $25 MILLION WAS PRIMARILY COLLEGE FUNDED SCHOLARSHIPS OR GRANTS. THE FIVE-YEAR AVERAGE (FALL 2006-2010) OF UNDERGRADUATE STUDENTS RECEIVING COLLEGE FUNDED AID WAS 85.6%. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AVERAGE NEED BASED SCHOLARSHIP OR GRANT FOR THE FALL 2010 INCOMING CLASS WAS APPROXIMATELY $18,084. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE. X true true X X X X false false false false false false false false false DR JOHN J NEUHAUSER 339519 0 0 0 7198 0 42362 0 45257 0 434336 0 0 0 MICHAEL J NEW 142633 0 0 0 0 0 9079 0 8053 0 159765 0 0 0 KAREN A TALENTINO 178824 0 0 0 0 0 11812 0 8626 0 199262 0 0 0 JERRY E FLANAGAN 131403 0 0 0 700 0 8708 0 51438 0 192249 0 0 0 MICHAEL D SAMARA 131866 0 0 0 1711 0 8910 0 16650 0 159137 0 0 0 PATRICK J GALLIVAN 138581 0 0 0 1087 0 9113 0 8034 0 156815 0 0 0 RICHARD V DIVENERE 115625 0 0 0 1176 0 7351 0 13092 0 137244 0 0 0 KATHLEEN A RUPRIGHT 149590 0 0 0 0 0 3947 0 3751 0 157288 0 0 0 WILLIAM O ANDERSON 126310 0 0 0 0 0 8471 0 47138 0 181919 0 0 0 JOHN P KENNEY 116029 0 0 0 0 0 7699 0 52762 0 176490 0 0 0 COMPENSATION INFORMATION PART II FOR ELIGIBLE EMPLOYEES, COLUMN (D) NONTAXABLE BENEFITS PRIMARILY CONSISTS OF HEALTH CARE AND DENTAL BENEFITS PAID BY THE COLLEGE. OTHER REPORTABLE COMPENSATION AND COLUMN (D) NONTAXABLE BENEFITS ARE LISTED BELOW: DR. JOHN J. NEUHAUSER - COLUMN B(III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE AND PERSONAL CELL PHONE USE. COLUMN (C) DEFERRED COMPENSATION INCLUDES CONTRIBUTIONS TO THE COLLEGE'S IRC 457(B) PLAN NET OF EARNINGS. COLUMN (D) INCLUDES A HOUSING ALLOWANCE. JERRY E. FLANAGAN - COLUMN B(III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. COLUMN (D) INCLUDES TUITION REMISSION. MICHAEL D. SAMARA - COLUMN B(III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. PATRICK J. GALLIVAN - COLUMN B(III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. RICHARD V. DIVENERE - COLUMN B(III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. WILLIAM O. ANDERSON - COLUMN (D) INCLUDES TUITION REMISSION. JOHN P. KENNEY - COLUMN (D) INCLUDES TUITION REMISSION. VT EDUCATIONAL & HEALTH BLDG FINANCE AGY 237154467 2003-08-13 15026159 CONSTRUCTION & EQUIPMENT false false false 0 0 15026159 1051953 0 0 213001 0 0 13761205 0 0 2004 false false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false false NA N/A 130304 TUITION REMISS. PATRICIA CASEY MAGUIRE ASSOCIATES 110000 SEE PART V false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS PART IV TRUSTEE PATRICIA CASEY IS A SENIOR VICE PRESIDENT AT MAGUIRE ASSOCIATES, THE COLLEGE HAS A CONTRACT WITH THIS FIRM TO ASSIST IN FINANCIAL AID MODELING AND AWARDING TO ACHIEVE CERTAIN ADMISSIONS GOALS. MS. CASEY DOES NOT WORK DIRECTLY ON THE COLLEGE ACCOUNT. THIS YEAR, THE COLLEGE PAID $110,000 TO MAGUIRE ASSOCIATES FOR SERVICES. THIS IS AN ARM'S LENGTH TRANSACTION. MS. CASEY, IF PERMITTED TO BY THE BOARD OF TRUSTEES, MAY MAKE AN APPEARANCE AT A BOARD OR BOARD COMMITTEE MEETING TO PRESENT FACTS REGARDING A MATTER RELATIVE TO THE COLLEGE'S RELATIONSHIP WITH MAGUIRE ASSOCIATES, BUT MAY NOT PARTICIPATE IN THE DELIBERATIONS OR DECISION-MAKING WITH RESPECT TO THIS MATTER. X 13429 FMV X 33 235687 FMV X GUITARS 1 5574 FMV 1 false true true NON-CASH CONTRIBUTIONS LINE 4,9, AND 25 THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RELATED TO EACH TYPE OF PROPERTY THAT WAS RECEIVED DURING FY 11. USE OF A THIRD PARTY TO SELL NON-CASH CONTRIBUTIONS PART 1, LINE 32B THE COLLEGE USES A CUSTODIAN TO HOLD AND PROCESS ALL INVESTMENT TRANSACTIONS INCLUDING ASSET SAFEKEEPING AND COLLECTION OF DIVIDENDS AND INTEREST. ALL SECURITY CONTRIBUTIONS ARE DELIVERED TO THE CUSTODIAN WITH THE INSTRUCTIONS FOR IMMEDIATE SALE. ORGANIZATION'S MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 SAINT MICHAEL'S COLLEGE IS A CATHOLIC LIBERAL ARTS RESIDENTIAL COLLEGE COMMITTED TO THE PURSUIT OF ACADEMIC EXCELLENCE, WITH AN ENROLLMENT OF APPROXIMATELY 2,000 UNDERGRADUATE AND 500 GRADUATE STUDENTS. WE CREATE AND SUSTAIN AN OPTIMAL LIVING AND LEARNING ENVIRONMENT THAT PROMOTES A VIBRANT INTELLECTUAL LIFE AND CHALLENGES STUDENTS TO ENGAGE IN ACTIVITIES TO EXTEND THEIR MINDS AND EXPERIENCES WITHIN AND BEYOND OUR VERMONT LOCATION. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A Academic Programs and Financial Support (Line 4A) The academic program is at the heart of the College's Mission and the reason for Saint Michael's College existence. The College provides education with a social conscience, producing graduates with intellectual tools to lead successful, purposeful lives that will contribute to peace and justice in our world. Saint Michael's College students personalize their education through research, internships, and small classes, preparing them for a lifetime, not just for their first job out of college. The academic program is rigorous and calibrated to the appropriate developmental levels of students (first-year students through graduate level). The undergraduate academic program offers degrees in 22 different Majors for the Bachelor of Arts Degree and 10 Majors for the Bachelor of Science Degree. Students may also, choose from 34 minor programs. The academic program for graduate students includes 5 graduate programs leading to Master's degrees in Clinical Psychology, Education, Teaching English to speakers of other languages, Theology and Pastoral Ministry, and Administration of Management (the last two stopped admitting new students in 2008). Saint Michael's College Awarded 433 Bachelor's degrees and 93 Master's degrees during 2010-2011 academic year with, 1858 students enrolled in Baccalaureate degree programs and 557 in Master's degree programs. The class of 2011 had 392 graduates in May, of which 235 or 60% also earned Minors and 24% of those students earned more than on Minor. After receiving a Bachelor's degree from Saint Michael's College, over 95% of our students enter the work force in a variety of careers or continue their education in a post-graduate program. The 4 year average (2002 - 2005) student-right-to-know completion or graduation rate is 79%; this compared favorably to the 70% reported by Act National Graduation rates for private 4-year institutions offering only bachelor's degrees in the selective category. The College's goal is to have 30% of each graduating class study abroad. Over 20 third party program providers offering students opportunities to study in over 70 countries and the College has met this goal for the last 5 academic years. The College has made strides in educating students beyond the classroom in preparation for their careers after graduation. In 2010 - 2011, 265 students engaged in supervised academic internships, compared with 295 in the previous year. In the summer of 2011 and 2010, 27 students were engaged in non-credit-bearing individual research with professors. An honors program began in the late 1980's and has grown in stature and prominence since that time. In 2011, of the 70 seniors who were admitted to the College as honor students, 26 or 37%, graduated in the honors program, an increase of 7% since 2001. In spring 2011, 364 students from all four classes, roughly 19% of the student body, were in the honors program. In 2003 Saint Michael's College joined the elite group of 270 colleges nationwide with Phi Beta Kappa chapters, making Saint Michael's College one of the only 20 Catholic Colleges in the U.S. with such a chapter. In 2008-2009, the College chapter was cited by the national organization as one of the most active in the country. The College is identified in the 2012 Edition of the Princeton Review as one of the Nation's best 376 Colleges, is included in the prestigious Fiske Guide to Colleges in 2012 and deemed a best buy, one of 49 institutions so named. Saint Michael's College is rated as a top 100 liberal arts college by the U.S. News and World Report and ranked 88th out of 650 best undergraduate institutes in Forbes magazine's America's Top Colleges' Edition. In 2010 Saint Michael's College was selected as 1 of 115 institutions by the Carnegie Foundation for the Community Engagement Classification and commended for its excellent alignment among mission, culture, leadership, resources, and practices that support dynamic and noteworthy community engagements. The academic program is supported by many professional and administrative staff including information technology (IT), academic enrichment programs, library and information services (LIS), registrar's office, the Vice President of Academic Affairs and the Dean. The IT department is committed to creating a robust technology environment for the College's students, faculty and staff. They support administrative applications, instructional technology services, all of which support the mission and goals of the College by providing ITs constituents with a reliable, secure, and fast campus network; support for the appropriate integration of technology into teaching and research; and technology support for administrative operations. Saint Michael's College is committed to students' academic success therefore, in addition to academic enrichment programs designed to enhance the learning experience, a variety of services are offered to ensure that our students get the most out of their education including independent studies, Peace and Justice Center, Women's Center, service learning, student/faculty research and internship to name a few. These services and activities are designed to assist our students in enhancing their learning opportunities in order to achieve their fullest intellectual development. Academic enrichment also supports faculty in offering extra-curricular activities that enhance their classroom teaching and in designing innovative components to their courses that foster experiential learning. LIS provides students, faculty, and staff with the information resources and services they need for study, teaching and research. The library strives to determine community needs and respond to them by shaping its resources and services to provide the best possible support for the academic program. In order to support our students attending Saint Michael's College, a variety of grants and assistance are awarded. Refer to schedule I, Part IV for additional information. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4B, 4C, AND 4D AUXILIARY ENTERPRISES (LINE 4B) In 2003, The Board of Trustees affirmed in the College's Mission statement that being a member of the residential community is central to our students' experience at Saint Michael's College, by endorsing a 100% residency requirement. In addition to expenses associated with on-campus dining services, auxiliary services expenses include residence hall bond interest, depreciation expense and costs related to the bookstore, printing and mailing services, special events, summer playhouse and other auxiliary programs that support our students' living and learning experience at the College. As part of the residential experience, there are unique housing options available on campus based on common interests that students share such as great (growing recognition of the effects of alcohol on thinking - 150 students), honor housing (51 units) and Ambassador housing (48 Units) which provides an opportunity for U.S. students to live with international students. Dining on campus provides the social experience essential to a well-rounded campus life. STUDENT SERVICES (LINE 4C) Students are at the center of the College's Mission. While the academic elements are foremost, supporting the students' personal development is vital as well. The offices of admissions, student life, Edmundite campus ministry, wilderness program, athletics and many student clubs work to enhance students' personal growth as well as their academic success. To supplement the academic culture on campus and enrich overall quality of the college experience, a variety of weekend programs is offered to students, along with many outdoor programs such as the ski pass, cultural and artistic events through the Flynn center-Saint Michael's College cultural pass, a variety of ministry programs, and community service opportunities through Move (mobilization of volunteer efforts). Approximately 80% of students are involved in some form of intercollegiate, intermural, club, recreation, personal fitness, or wilderness program offering. Approximately 21% of Saint Michael's College students participate in one of the 21 varsity sports. Our student athletes have achieved a 99% academic success rate (ASR); a statistic defined by the NCAA as a measurement of graduation within a 6 year cohort time period as of June 2011. The office of student activities strives to provide students opportunities to develop as ethical leaders and engaged citizens, and offers a wide variety of programs and activities designed to meet their needs. Our got skills program (Socially just, Kindness toward others, Inclusive toward all people, Leading at every turn, Listening with care and, Self-respectful) focuses on promoting human dignity and diversity. Educational programs offered in the residence halls help to bring people together who might not have otherwise met, help people to better know each other, and expose individuals to new ideas and beliefs. Floor visitors' dialogue programs provide an environment conducive for faculty, staff and student dialogue about academic and community pursuits. These are a sample of the programming offered to students in the residence halls. The office of student activities assists the student government on campus as well as student clubs. Approximately 95% of the student population participates in student activities programs. The College embraces and supports students' commitment to community services reflected by the fact that 70% of our students participate in a service activity through our move program - part of Edmundite campus ministry. The fundamental objective of Edmundite campus ministry is to help students', faculty and staff reflect on and celebrate the spiritual and religious dimensions of their lives while at Saint Michael's College. Programs such as retreats, liturgies, spiritual direction, and prayerful reflection meals are designed to encourage everyone to step back and experience life at its deepest, most meaningful level. About 15% of our student population is involved in weekly or daily worship as well as attendance in these programs. OTHER PROGRAM SERVICES (LINE 4D) OTHER PROGRAM SERVICE EXPENSES INCLUDE PUBLIC SERVICE AND RESEARCH. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 Form 990 schedules are prepared by College personnel with guidance and review from external tax preparers who sign and file the form. In early May, prior to filing with the Internal Revenue Service each member of the Board of Trustees was provided with Form 990 and all schedules, except Schedule B, contribution detail, in order to respect our donors' confidentiality. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C The Secretary of the College distributes the conflict of interest policy, questionnaire and certification annually to trustees, officers and key employees. The Secretary reviews the responses and potential conflicts are brought to the attention of the Chairman of the Board who reviews all conflict of interest forms. The Chairman provides information to the Executive Committee for consideration of any potential conflict of a board member. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14C The College has a high-level document retention and destruction policy and follows specific guidelines provided by the Internal Revenue Service and relevant regulations with respect to records retention and destruction - including the provisions of Vermont Law (9 VSA Part 3 Chapter 62 Subchapter 4 Document Safe Destruction Act) with respect to disposal of documents containing confidential information. Another resource utilized by the College is "Record Retention and Disposal: A Manual for College Decision Makers", which provides the College with a guide to the applicable laws, regulations and other considerations for all areas of our business, including employment and admissions applications, payroll, student records, financial, tax and contributions records as well as federal reporting specific to the higher education industry. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15 The Executive Committee of the Board of Trustees, excluding the College President, is responsible for establishing and maintaining a competitive compensation program for the executive officers of the College. The Executive Committee meets as needed to review the compensation program and make recommendations for any changes. The Executive Committee has the responsibility for decisions regarding compensation in all its current and potential forms for the executive officers of the College. The Vice President of Human Resources provides independent compensation data, e.g. NACUBO, CUPA, etc. and analysis to the Executive Committee. The Executive Committee met in March 2011 to review the survey data regarding compensation for the President and other officers of the College. No action was taken at that time in regards to compensation changes. PUBLIC DISCLOSURE POLICY FORM 990, PART VI, SECTION C, LINE 19 The College is a private organization and therefore by law, is not required to make its governing documents, conflict of interest policy or financial statements available to the public. In the interest of transparency, the College complies with requests for this information from federal and state regulatory agencies, our accreditation agency and other entities or individuals in the ordinary course of business. The College posts the most recent three years of Form 990 and 990-T on our website. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAINS ON INVESTMENTS $ 10,253,918 GAMBLING INCOME INCLUDED IN LIABILITY ACCOUNT $ (32,830) -------------- OTHER CHANGE IN NET ASSETS OR FUND BALANCES $ 10,221,088 FOREIGN COUNTRIES FORM 990, PART V, LINE 4B THE COUNTRY LISTED AS OTHER COUNTRY IN THE PART V DISCLOSURE IS CURACAO. SAINT MICHAEL'S COLLEGE FIRE & RESCUE ONE WINOOSKI PARK COLCHESTER VT 05439 201120657 FIRE & RESCUE VT 501(C)(3) 7 NA MERRILL CEMETERY ASSOCIATION INC ONE WINOOSKI PARK COLCHESTER VT 05439 010868920 CEMETERY VT 501(C)(13) NA V FAMILY CHARITABLE REMAINDER TRUST 565 COLONIAL DRIVE HILTON HEAD ISLAND SC 29926 742860823 INVESTMENT TX NA TRUST 0 725777 0.64430 P CHARITABLE TRUST C/O COMPASS CAPITAL 50 BRAINTREE H BRAINTREE MA 02184 046945910 INVESTMENT MA NA TRUST 0 123373 0.88200 D&PA CRUT C/O BNY MELLON 201 WASHINGTON STRE BOSTON MA 02108 606000304 INVESTMENT MA NA TRUST 0 124982 0.74330 false false false false false false false false false false false false true true false true false false SAINT MICHAEL'S COLLEGE FIRE AND RESCUE M 75000 SAINT MICHAEL'S COLLEGE FIRE AND RESCUE P 254467