2012-05-15T09:25:27-07:00 2011-06-30 990 2010-07-01 010211781 PRESIDENT AND TRUSTEES OF BATES COLLEGE PRES 2077868339 216 Lane Hall 2 Andrews Rd Lewiston ME 04240 Terry Beckmann 2077868339 2012-05-15 2010 2016-02-24 21:20:13Z Terry Beckmann 216 Lane Hall 2 Andrews Rd Lewiston ME 04240 158032934 0 X www.bates.edu X 1855 ME Bates College is a private, highly selective, residential college devoted to undergraduate study in the traditional disciplines of the liberal arts and sciences as well as in emerging interdisciplinary programs. 41 36 2326 2579 0 -94060 12162930 14023138 91979827 95509418 13985635 18652925 -50514 -57815 118077878 128127666 22201521 24391778 0 0 54142371 56991178 0 0 4534025 36889215 38158360 113233107 119541316 4844771 8586350 415246199 452454920 105905731 106821058 309340468 345633862 Bates is a college of the liberal arts and sciences, and is a coeducational, nonsectarian, residential college with special commitments to academic rigor, and to assuring in all of its efforts the dignity of each individual, and access to its programs and opportunities by qualified learners. Bates offers a curriculum and faculty that challenge students to attain intellectual achievements and to develop powers of critical assessment, analysis, expression, aesthetic sensibility, and independent thought. The College sponsors cultural, volunteer, athletic, social, and religious opportunities which are open to all students, and values participation in these activities. 0 0 103660781 24391778 95509418 Higher Education: Bates College, widely regarded as one of the finest liberal arts colleges in the nation, is dedicated to the principle of active engagement. A 10-1 student-faculty ratio makes possible close collaborations in classroom and laboratory; the Bates learning experience is honed through seminars, research, service-learning, and the capstone of senior thesis. Typically, two-thirds of Bates' ~ 1700 students study abroad at some point during their academic careers at Bates. Co-curricular life is rich: most students participate in one of more than 90 student-run clubs and organizations. Alumni frequently cite the capacities they developed at Bates for criticial assessment, analysis, expression, aesthetic sensibility and independent thought. About 40 percent of students participate in career internships, and more than two-thirds of recent graduates enroll in graduate study within 10 years after graduation. (1700 students) 0 0 0 103660781 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 360 0 1 2326 1 1 1 0 0 0 0 0 0 0 0 0 X 41 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Treasurer 2077868339 Bates College 2 Andrews Rd Lewiston ME 04240 Stuart B Abelson 1 X 0 0 0 Alison R Bernstein 1 X 0 0 0 H Scott Bierman 1 X 0 0 0 Michael W Bonney 1 X 0 0 0 Steven A Brown 1 X 0 0 0 Andrea C Bueschel 1 X 0 0 0 Ann E Bushmiller 1 X 0 0 0 William C Carey 1 X 0 0 0 J Michael Chu 1 X 0 0 0 George W Cole 1 X 0 0 0 Darrell W Crate 1 X 0 0 0 Geraldine M FitzGerald 1 X 0 0 0 Richard H Forde 1 X 0 0 0 Scott D Freeman 1 X 0 0 0 Marjorie Northrop Friedman 1 X 0 0 0 Stephen M Fuller 1 X 0 0 0 John D Gillespie 1 X 0 0 0 Christopher J Gorayeb 1 X 0 0 0 Elaine T Hansen 40 X X 383108 0 57125 William S Holt 1 X 0 0 0 Susan S Kozik 1 X 0 0 0 William E Little Jr 1 X 0 0 0 James J McNulty 1 X 0 0 0 Jamie P Merisotis 1 X 0 0 0 Karl O Mills 1 X 0 0 0 Dana Petersen Moore 1 X 0 0 0 James F O'Brien 1 X 0 0 0 David W Parmelee 1 X 0 0 0 Sarah R Pearson 1 X 0 0 0 Jennifer L Porter 1 X 0 0 0 Mary H Pressman 1 X 0 0 0 Carol L Rattray 1 X 0 0 0 Jeremy M Sclar 1 X 0 0 0 Lena Sene 1 X 0 0 0 Valerie A Smith 1 X 0 0 0 Bruce E Stangle 1 X 0 0 0 Quoc Kinh Tran 1 X 0 0 0 Kathleen M Whelan 1 X 0 0 0 Victoria A Wicks 1 X 0 0 0 Edmund J Wilson 1 X 0 0 0 Laura Young Connelly 1 X 0 0 0 Terry J Beckmann 40 X 224993 0 47630 Kelly Kerner 40 X 225986 0 59926 Alice Reich 40 X 211628 0 41673 Nancy J Cable 40 X 169255 0 32012 Eugene Wiemers 40 X 160746 0 35104 Tedd Goundie 40 X 151855 0 43236 Michael Murray 40 X 181829 0 48245 David Aschauer 40 X 169473 0 37478 Pamela Baker 40 X 158769 0 34796 Thomas Wenzel 40 X 158364 0 31741 Georgia Nigro 40 X 151282 0 42293 2347288 0 511259 71 0 1 0 Wright-Ryan Construction Inc 10 Danforth Street Portland ME 04101 Construction 7235839 RAD Corporation 171 VFW Drive Rockland MA 02370 Construction 2191965 Roof Systems of Maine PO Box 1134 Bangor ME 044021134 Roofing 375500 Pizzagalli Construction Company PO Box 2009 South Burlington VT 05407 Construction 279787 JSA Inc 55 Green Street Portsmouth NH 03801 Architect 235988 11 0 0 35825 0 2299903 11687410 1334438 14023138 Student Tuition and Fees 611310 90634750 90634750 0 0 Other Education Programs and Events 611310 3053418 3053418 0 0 Auxiliary 611710 1821250 1821250 0 0 0 0 0 0 95509418 1279739 0 0 1279739 0 0 0 0 0 0 0 0 481463 0 531508 0 -50045 0 -50045 0 0 -50045 39192746 7505441 29325001 0 9867745 7505441 17373186 0 0 17373186 40989 35825 48759 -7770 -7770 0 128127666 95509418 0 18595110 0 22613280 22613280 1778498 1778498 1905422 591039 1026048 288335 41450102 36385839 2932657 2131606 4035182 3545587 285221 204374 6540044 5640197 551277 348570 3060428 2658117 239916 162395 114652 14081 97646 2925 260917 260917 0 0 1646768 1646768 2423689 1683208 638313 102168 2651159 2236692 197999 216468 5002406 3501684 1500722 5418069 4827159 583466 7444 2379987 1943962 188631 247394 332112 320125 -6219 18206 2780575 2727258 53317 5453433 5181003 272430 333988 4495 329493 Food and Beverage 3073931 2443810 174687 455434 Books, Periodicals & Collections 2076335 1955318 94360 26657 Cost of Sales 937714 909323 17823 10568 Equipment Rental & Maintenance 1458537 1335512 76204 46821 Presentations, Publications & Other 1814088 1364594 184834 264660 119541316 103660781 11346510 4534025 18562 19760 28258942 18299552 5801017 4987800 1207902 1286142 6805690 6757458 449445 462297 2504714 2074775 190461423 62808510 126292288 127652913 53327651 66590962 174202187 197147594 16377801 27175667 415246199 452454920 8171266 10654865 3357135 3522359 68805450 66400450 118943 104361 25452937 26139023 105905731 106821058 X 100902046 112596263 75753976 92046724 132684446 140990875 309340468 345633862 415246199 452454920 X 8586350 27707044 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1 0 0 0 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College pays membership dues to various organizations, some portion of which may be used for lobbying in connection with issues that impact higher education. 0 0 X X X X 0 0 1 198547532 4693542 39499054 4671603 6617415 0 231451110 183848236 2126729 24566052 4981733 7011752 0 198547532 267220050 1869333 -72712163 5021295 7507689 0 183848236 0.157 0.843 0 1 0 984709 2804531 3789240 4902112 169922723 56498166 118326669 0 0 0 0 0 11847348 6310344 5537004 0 0 0 0 127652913 197147594 F 197147594 Construction in Progress 14536476 Contributions receivable from charitable remainder trusts 6656348 Beneficial interest in perpetual trusts 5982843 27175667 0 Asset Retirement Obligations 5571920 Bond Premiums 1193956 Split interest agreement and annuity obligations 13053506 Federal Student Loan Funds Repayable 6319641 26139023 128127666 119541316 8586350 27707044 0 0 0 0 27707044 36293394 154768209 27707044 0 0 0 27707044 127061165 1646768 -580267 1066501 128127666 118474815 0 0 0 0 0 118474815 1646768 -580267 1066501 119541316 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The College's policy is not to capitalize collections, primarily art objects, as they are held for educational, research, and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. Any proceeds from the sale of collection items are used to acquire other items for the collection. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Lower Gallery of the College's Museum of Art includes a space called the Collection Gallery that provides for long-term exhibitions that highlight and expand students' knowledge of the College's permanent collection of nearly 5,000 works of art. The museum is dedicated to introducing new ideas and questions about how art transcends and reflects history in our current times, and presents the possibilities of what is to come. It is a laboratory for creative thought, and a site of synergy where artists, curators, scholars, students and visitors engage art together. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Funds held on behalf of student groups for student-initiated activities. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The investment time horizon for the endowment is long-term, consistent with its expected perpetual life. The financial goals for the endowment are (a) to achieve investment returns, net of all costs of management, over full market cycles at least equal to the sum of the rate of inflation (Higher Education Price Index) and the spending rate, and (b) to provide a predictable and stable flow of funds for the operating budget of the College. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Rental and fundraising expenses included in Part VIII, line 6b and line 8b. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Rental and fundraising expenses included in part VIII, line 6b and 8b. 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 The college catalog contains the College's racial non-discrimination policy. All admitted students and prospective students who sign up for our mailing list receive a catalog and any person may receive a catalog upon request. The College's non-discrimination policy is included in several places on the College's official website, including the online Student Handbook. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Pell, Perkins, SEOG, Federal Work Study 1 Europe (including Iceland and Greenland) 2 Program Services Fall Semester Abroad Program 255948 East Asia and the Pacific 3 Program Services Fall Semester Abroad program 348502 Europe (including Iceland and Greenland) 5 Program Services 5-week short term educational program. 166086 East Asia and the Pacific 1 Program Services 5-week short term educational program. 71199 Europe (including Iceland and Greenland) 8 Program Services Federally sponsored research award. 43911 Central America and the Caribbean 3 Program Services Foreign travel for students, staff, and faculty members. 10584 East Asia and the Pacific 18 Program Services Foreign travel for students, faculty and staff. 35707 Europe (including Iceland and Greenland) 50 Program Services Foreign travel for students, faculty and staff. 109536 North America (including Canada and Mexico, but not the United States) 20 Program Services Foreign travel for students, faculty and staff. 21247 Russia and the newly independent States 1 Program Services Foreign travel for students, faculty and staff. 1000 South America 7 Program Services Foreign travel for students, faculty and staff. 12634 South Asia 3 Program Services Foreign travel for students, faculty and staff. 5400 Sub-Saharan Africa 4 Program Services Foreign travel for students, faculty and staff. 17857 Europe (including Iceland and Greenland) Investments 6135000 Central America and the Caribbean 0 0 Investments 57239000 0 125 64473611 Need based financial aid for students studying abroad Europe (including Iceland and Greenland) 70 975117 Checks and wire transfers 0 Need based financial aid for students studying abroad East Asia and the Pacific 27 457885 Checks and wire transfers 0 Need based financial aid for students studying abroad. South America 16 165444 Checks and wire transfers 0 Need based financial aid for students studying abroad. Sub-Saharan Africa 10 99555 Checks and wire transfers 0 Need based financial aid for students studying abroad. Middle East and North Africa 3 43789 Checks and wire transfers 0 Need based financial aid for students studying abroad. South Asia 1 22294 Checks and wire transfers 0 Need based financial aid to students studying abroad. Central America and the Caribbean 1 13289 Checks and wire transfers 0 Need based financial aid for students studying abroad. North America (including Canada and Mexico, but not the United States) 1 1125 Checks and wire transfers 0 1 0 1 1 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 For need based financial aid for students studying abroad, an official transcript from the institution abroad is obtained to confirm the student's study and proper use of funds. For each Fall Semester Abroad and Short Term educational programs, a comprehensive and detailed budget is prepared by the faculty member(s) and reviewed by the administration; disbursements are individually requested, reviewed, and compared to the budget; and receipts and subsequent expense reports are prepared by the faculty member(s) and reviewed by the administration. For Federal Awards for research activities, a comprehensive budget and budget justification is approved by the Federal awarding agency, an annual independent single audit is conducted in accordance to A-133 compliance guidelines with federal spending. SchF_P01_S00_L03 Schedule F, Part I, Line 3 Europe, including Iceland and Greenland Investments Book Value - $6,124,000, expenses - $11,294. Football Golf Outing 51387 26255 25132 410 1110 3938 16251 0 2055 Men's Basketball Golf Outing 14017 5320 8697 0 3951 3598 6910 0 1376 3 11410 4250 7160 0 1238 7742 0 0 180 76814 35825 40989 410 6299 15278 23161 0 3611 48759 -7770 1 Need based financial aid including federal financial aid grants. 689 0 22613280 Cash basis Need based financial aid including federal financial aid grants. SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grant funds are distributed to students in the form of need-based financial aid that reduce the comprehensive fee. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Elaine T Hansen 369000 0 0 0 14108 0 28675 0 40781 0 452564 0 0 0 Kelly Kerner 228700 0 0 0 0 0 26719 0 33272 0 288691 0 0 0 Terry J Beckmann 221650 0 0 0 3343 0 25873 0 24488 0 275354 0 0 0 Alice Reich 211575 0 0 0 53 0 24665 0 24275 0 260568 0 0 0 Nancy J Cable 165000 0 0 0 4255 0 17125 0 22136 0 208516 0 0 0 Eugene Wiemers 161200 0 0 0 0 0 18619 0 16551 0 196370 0 0 0 Tedd Goundie 155200 0 0 0 0 0 17899 0 32603 0 205702 0 0 0 Michael Murray 183031 0 0 0 0 0 21239 0 27072 0 231342 0 0 0 David Aschauer 169545 0 0 0 0 0 19621 0 20488 0 209654 0 0 0 Pamela Baker 144720 0 0 0 14049 0 18334 0 16474 0 193577 0 0 0 Thomas Wenzel 130232 0 0 0 28131 0 14903 0 16904 0 190170 0 0 0 Georgia Nigro 140661 0 0 0 10621 0 17699 0 31475 0 200456 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Pursuant to employment agreements and as a condition of employment, a campus residence is provided to President Elaine Hansen, Vice President for Academic Affairs and Dean of Faculty Alice Reich, Vice President and Dean of Enrollment and External Affairs Nancy Cable, and Dean of Students Tedd Goundie. In rare cases, the College has paid the travel expenses for the President's spouse who accompanied her while traveling on College business, as provided for in the employment contract; these companion travel expenses have been reported as a taxable benefit. Maine Health and Higher Educational Facilities Authority - 2003B 010314384 560425MY3 2003-07-24 3965000 Proceeds used to fund an electronic security access system 0 0 1 Maine Health and Higher Educational Facilities Authority - 2006B 010314384 560425C40 2006-04-06 37990000 Proceeds were used to construct a new residential village and a new dining hall 0 0 1 Maine Health and Higher Educational Facilities Authority - 2008B 010314384 5604253L2 2008-12-03 15895000 Proceeds used to extinguish the series 2000A and 2000B bonds 0 0 1 Maine Health and Higher Educational Facilities Authority - 2010A 010314384 560427GZ3 2010-04-22 13600000 Proceeds used to renovate and overhaul two residence halls for use as academic facilities 0 0 1 1870000 0 4062828 403888 115130 0 39631 9819 0 3494360 0 0 2004 0 0 1 1 1475000 0 41399910 2506125 2765722 0 355752 128882 0 35643429 0 0 2008 0 0 1 1 1865000 0 15996720 0 0 15837287 159433 0 0 0 0 0 2008 0 1 1 1 0 0 13799114 894556 761764 0 142794 0 0 9321069 0 2678931 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 1 FSA 30 1 0 0 0 0 0 1 FSA 30 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchK_P01_S00_L00e Schedule K, Part I, Column e The amounts included in Form 990, Schedule K, Part 1, Column (e) represent the par value of the College's portion of each pooled bond issue. The issue price listed on Form 8038, Part III, Line 21(b) includes proceeds for other institutions in addition to the College, the total proceeds for all institutions are as follows: Line A - $60,650,695, Line B - $58,593,636, Line C - $41,658,395, Line D - $99,977,871. SchK_P02_S00_L03 Schedule K, Part II, Line 3 Proceeds include interest on construction funds and net premium proceeds as follows: A - $44,823 interest / $53,005 premium B - $2,145,899 interest / $1,264,011 premium C - $0 interest / $101,721 premium D - $0 interest / $199,114 premium Bruce Stangle Trustee also serves as a board member of an investment trust company. 17615469 Trust company manages two investment vehicles amounting to 6.7% of total college investments. 0 Darrell Crate Trustee served part year as the CFO of the General Partner of a college partnership investment. 17241080 Partnership investment amounted to 6.5% of total college investments. 0 Quoc Tran Trustee also serves as a Partner of an investment company. 8231301 Investment company manages an investment vehicle amounting to 3.1% of total college investments. 0 John Gillespie Trustee also serves as the managing member of an investment company. 3401850 Investment company manages in investment vehicle amounting to 1.3% of total college investments. 0 X 4 0 See Part II X 0 See Part II X 115 1334438 Exchange Traded Securities 0 0 1 0 SchM_P01_S00_L33 Schedule M, Part I, Line 33 Books and publications, scientific and other collectibles, works of art and historical artifacts were not reported on Form 990, part VIII, Line 1g, because the College does not capitalize its collections, as allowed under SFAS 116. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Trustees John Gillespie and J. Michael Chu have a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Audit and Legal Affairs Committee reviews the entire return in detail and a copy of the return is provided to all board members for review and comment prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c An annual conflict of interest questionnaire is distributed to all board members, institutional officers, key employees, and other personnel with purchasing responsibilities. Responses are reviewed and evaluated by a sub-committee of the Audit and Legal Affairs Committee of the Board of Trustees and reported to the Audit and Legal Affairs Committee and the full board annually. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President makes recommendations for the officers and key employees other than herself, to the compensation subcommittee which is a subcommittee established by the executive committee of the Board of Trustees and includes the Board Chair and the Chairs of the following committees: Academic Affairs, Investments, Budget and Finance, and Audit and Legal Affairs, all of whom are independent. The compensation subcommittee evaluates these recommendations and determines the President's compensation in conjunction with a report prepared by an outside consultant that presents comparable data from 25 peer schools. The compensation subcommittee reviews and approves compensation which is documented and signed by the Board Chair. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Financial Statements are available on the College's website. Other documents are provided upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized gains on investments of $27,707,044. Bates College Pooled Income Fund 2 Andrews Rd Lewiston ME 04240 237231944 Trust ME T 0 3903332 0.6848 Bates College Pooled Growth Fund 2 Andrews Rd Lewiston ME 04240 016084379 Trust ME T 0 313987 0.6578 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 016085306 Trust ME T 0 99762 1 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 016116509 Trust ME T 0 70945 0.2555 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 066332914 Trust ME T 0 71548 0.1645 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 046877394 Trust ME T 0 256995 0.2346 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 911982719 Trust ME T 0 89360 0.2873 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 911922862 Trust ME T 0 455376 0.4909 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 046877378 Trust ME T 0 273706 0.625 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 046877379 Trust ME T 0 279191 0.639 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 226914200 Trust ME T 0 295155 0.5619 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 226914210 Trust ME T 0 318737 0.2026 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 226914248 Trust ME T 0 97632 0.361 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 046989893 Trust ME T 0 123319 0.634 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 047003580 Trust ME T 0 297284 0.5233 Charitable Remainder Unitrust 2 Andrews Rd Lewiston ME 04240 226914133 Trust ME T 0 32563 0.3842 Charitable Remainder Annuity Trust 2 Andrews Rd Lewiston ME 04240 066366796 Trust ME T 0 434147 0.566 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchR_P04_S00_L00 Schedule R, Part IV The legal Charitable Trust names, which include donor/contributor names, have been omitted to protect the privacy of the donor/contributor. Records are on file at the College and available to the IRS upon request.