2012-05-07T08:40:01-04:00 2011-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2010-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED CHAM 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 SHELLEY NAVARI 2012-05-04 6179881000 2010 2016-02-24 21:20:13Z SHELLEY L NAVARI 163 SOUTH WILLARD STREET BURLINGTON VT 05401 124054485 false X WWW.CHAMPLAIN.EDU X 1878 VT CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND GLOBAL CITIZENS. 30 28 1630 31 483971 -16342 6107566 3223114 73295287 79986978 540767 748805 939226 1178773 80882846 85137670 10120709 11548730 0 0 33997783 35987403 0 0 1546875 29316923 34637095 73435415 82173228 7447431 2964442 124358877 130000420 36788342 36851134 87570535 93149286 CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND GLOBAL CITIZENS. false false 44235678 11397667 54182202 UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE ACADEMIC DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. FURTHER, THE COLLEGE EDUCATES ITS AND OTHER INSTITUTIONS ASPIRING, MOTIVATED STUDENTS AT ITS STUDY ABROAD CAMPUSES IN QUEBEC AND IRELAND. THE COLLEGE CURRENTLY HAS OVER 2,000 STUDENTS ENROLLED IN EDUATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. 16827392 14293267 AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 22 RESIDENCE HALLS AND 2 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHETECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE MUCH CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOU'LL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOOKWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. ADDITIONALLY, THE COLLEGE'S BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILYU FOR THE RESIDENTIAL CAMPUS COMMUNITY). 6729521 151063 11511509 GRADUATE AND CONTINUING PROFESSIONAL STUDIES- THE COLLEGE OFFERS MASTER DEGREES IN BUSINESS ADMINISTRATION, EMERGENT MEDIA, DIGITAL FORENSIC MANAGEMENT, DIGITAL FORENSIC SCIENCE, MANGING INNOVATION & IT, MEDIATION & APPLIED CONFLICT STUDIES, AND LAW. A MASTER IN HEALTHCARE MANAGEMENT PROGRAM BEGAN IN FY 2011. THE COLLEGE ALSO HAS A PROSPERING DIVISION OF CONTINUING PROFESSIONAL STUDIES THAT FOLLOWS IN CHAMPLAIN'S TRADITION OF PARTNERING WITH BUSINESS AND INDUSTRY LEADERS, PROVIDING THE STUDENTS WITH EVEN MORE CAREER-ENHANCING EDUCATIONAL CHOICES IN SOME OF TODAY'S GROWING FIELDS. 67792591 true true false true false false false false true true false false false true true false true true true true false true false false false false false true true true false false false false false false false true true false true false false false false true true true false false true 95 0 true 1630 true true true true CA EI false false false false false false false false X 30 28 false false false false false false false true true false false true true true true true true true true false VT X SHELLEY NAVARI 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 GEORGE BOND 1.0 X 0 0 0 ROBERT BOTJER 1.0 X 0 0 0 GEORGE BURILL 1.0 X 0 0 0 DAWN BUGBEE 1.0 X 0 0 0 SCOTT CARPENTER 1.0 X 0 0 0 JAMES CROOK 1.0 X 0 0 0 TOM CULLINS 1.0 X 0 0 0 LAURA DAGAN 1.0 X 0 0 0 J STAIGE DAVIS 1.0 X 0 0 0 MOLLY DILLON 1.0 X 0 0 0 HEATHER DWIGHT 1.0 X 0 0 0 MARY EVSLIN 1.0 X 0 0 0 JAMES FOSTER 1.0 X 0 0 0 JOAN GIGNOUX 1.0 X 0 0 0 SUSAN LAMASTER 1.0 X 0 0 0 DIANA MCCARGO 1.0 X 0 0 0 MICHAEL METZ 1.0 X 0 0 0 EMILY MORROW 1.0 X 0 0 0 MARK NEAGLEY 1.0 X 0 0 0 JOHN O'KEEFE 1.0 X 0 0 0 TREY PECOR 1.0 X 0 0 0 MARY POWELL 1.0 X 0 0 0 DAVID SCHEUER 1.0 X 0 0 0 PETER STERN 1.0 X 0 0 0 MICHAEL SULLIVAN 1.0 X 0 0 0 RICH TARRANT 1.0 X 0 0 0 DAWN TERRILL 1.0 X 0 0 0 SARAH TISCHLER 1.0 X 0 0 0 LEANDRO VAZQUEZ 1.0 X 0 0 0 LISA VENTRISS 1.0 X 0 0 0 ARTHUR WEGNER 1.0 X 0 0 0 DAVID FINNEY 40.0 X X 482692 0 80385 DAVID PROVOST 40.0 X 249033 0 42427 DANIEL MAHONEY 40.0 X 290634 0 51285 SHELLEY NAVARI 40.0 X 95582 0 20553 KATHERINE HAWLEY 40.0 X 85242 0 18377 STEPHANIE MAPES 1.0 X 0 0 0 ROBIN ABRAMSON 40.0 X 195550 0 41864 LYNNE BALLARD 40.0 X 161073 0 33461 MARY KAY KENNEDY 40.0 X 188135 0 57451 MICHELE RICHARDSON 40.0 X 199353 0 46668 JAMES CROSS 40.0 X 138045 0 15058 PAUL DUSINI 40.0 X 137485 0 33016 LARRY MANDELL 40.0 X 207196 0 38339 ALI RAFIEYMEHR 40.0 X 143846 0 27693 JEFFREY RUTENBECK 40.0 X 142936 0 32909 2716802 0 539486 30 false true false JANITECH 76 ETHAN ALLEN DRIVE SOUTH BURLINGTON VT 05403 CUSTODIAL 413374 GUARDSMARK PO BOX 11407 BURMINGHAM AL 35246 SECURITY 298482 COLIN LINDBERG 208 FILM AVE SUITE 2B BURLINGTON VT 05401 ARCHETECT 291368 KAREN FAHEY ADVERTISING LLC PO BOX 1555 STOWE VT 05672 ADVERTISING 307751 PAUL KAZA ASSOCIATES 1233 SHELBURNE ROAD C-3 SOUTH BURLINGTON VT 05403 ADVERTISING 221226 14 1198594 2024520 739879 3223114 TUITION & FEES 611710 65693711 65693711 DORMITORY AND DINING FEES 721310 14217421 14217421 BOOKSTORE RECEIPTS 451211 75846 75846 79986978 243109 243109 0 0 39422511 38916815 505696 505696 505696 0 0 0 CONFERENCE & EVENT CENTER 722210 588768 483971 104797 PARKING FEES 480000 130272 130272 OTHER INCOME 900000 459733 459733 1178773 85137670 79986978 483971 1443607 0 10867314 10867314 681416 681416 0 2092717 686508 1074560 331649 0 25732558 21670684 3378127 683747 2238968 1907621 292197 39150 4068550 3330772 604137 133641 1854610 1519559 269475 65576 0 137987 16790 121197 140950 7650 133300 73370 73370 0 71998 71998 21269 16157 5112 905275 188196 717079 2049058 1162234 839456 47368 1080414 38231 1042183 0 8243895 8237208 6687 780277 574956 162297 43024 0 0 1261497 965045 296452 0 3888438 2974655 913783 688906 337433 351473 CONTRACTUAL SERVICES 2905155 2485805 401298 18052 MEAL EXPENSES 2247373 2247373 RENOVATION & OTH PROJECTS 2551694 2515760 35934 ACADEMIC SUPPORT 2033440 1899879 133561 LIBRARY RESEARCH RESOURCES 437095 437095 5119004 3024250 1915198 179556 82173228 67792591 12833762 1546875 16660688 9161389 3979303 3288820 1013569 1522498 2775642 2737268 1949627 1273200 111600247 27098684 78114569 84501563 19865479 27515682 124358877 130000420 6920137 5116187 3657962 3689100 21964033 24076009 1974236 1648036 2271974 2321802 36788342 36851134 X 72942422 76082116 8708117 10858814 5919996 6208356 87570535 93149286 124358877 130000420 X 2964442 2614309 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 73370 73370 false SCHEDULE C PART II-B, LINE 1i CHAMPLAIN COLLEGE ENGAGED MCALLISTER & QUINN TO ASSIST THE COLLEGE IN OBTAINING TARGETED CONGRESSIONAL MONIES FROM THE ANNUAL FEDERAL APPROPRIATIONS PROCESS. 8919277 288360 1916495 295325 81696 10747111 7602890 188691 1127696 8919277 8923988 212788 -1533886 7602890 0.04680 0.95320 false false 2828479 2828479 95551515 20835146 74716369 851963 688137 163826 8890734 5209403 3681331 3477556 27098684 3111558 84501563 0 U.S. GOVERNMENT GRANTS 1665669 LIABILITIES UNDER TRUST AND ANNUITY AGREEMENTS 656133 2321802 85137670 82173228 2964442 2657610 -43301 2614309 5578751 76203249 2657610 -11592031 -8934421 85137670 85137670 70624498 70624498 11548730 11548730 82173228 ENDOWMENT FUNDS PART V LINE 4 THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 48 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE FINANCIAL AID FOR STUDENTS, ACADEMIC SUPPORT FOR PROGRAMS AND FACILITIES, AND STUDENT SERVICE PROGRAM SUPPORT. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BASED ON THE POLICIES ADOPTED, THE BOARD OF TRUSTEES MAY APPROVE AND DISTRIBUTE UP TO 5% OF THE VALUE OF THE FUNDS ANNUALLY. THE VALUE OF THE FUNDS I THE AVERAGE YEAR END VALUE OF THE FUND FOR THE PREVIOUS THREE FISCAL YEARS. OTHER CHANGES IN NET ASSETS PART XI, LINE 8 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $143,080 SWAP VALUATION ($186,381) ($43,301) OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON FORM 990 PART XII LINE 2d CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $143,080 SWAP VALUATION ($186,381) FINANCIAL AID ($11,548,730) ($11,592,031) OTHER EXPENSES INCLUDED ON FORM 990 BUT NOT IN FINANCIAL STATEMENTS PART XIII, LINE 4B FINANCIAL AID $11,548,730 FIN 48 (ASC740) PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(a) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. true true true true true true true false false false false false false false false true false true PART 1, LINE 3 CHAMPLAIN ENDEAVORS TO BE A DIVERSE AND WELCOMING COMMUNITY AND INVITE APPLICATIONS FROM MEMBERS OF ANY GROUP THAT HAS HISTORICALLY BEEN UNDERREPRESENTED. THE COLLEGE ASSURES EQUAL EDUCATION AND EMPLOYMENT OPPORTUNITY AND PROHIBITS DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, SEXUAL ORIENTATION, AGE, OR DISABILITY. PART 1, LINE 6A THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. true North America 1 22 Program Services STUDY ABROAD SITE 1030179 Europe (Including Iceland and Greenland) 1 17 Program Services STUDY ABROAD SITE 1454890 East Asia and the pacific 0 0 Program Services STUDY ABROAD 100550 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 226840 South America 0 0 Program Services STUDY ABROAD 10245 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 13075 2 39 2 39 2835779 2835779 FINANCIAL AID North America 51 125145 ACCT CREDIT FINANCIAL AID Europe/Iceland/Greenland 97 205561 ACCT CREDIT FINANCIAL AID East Asia/Pacific 7 100550 CHECK FINANCIAL AID Sub-Saharan Africa 1 13075 CHECK FINANCIAL AID South America 1 10245 CHECK FINANCIAL AID Europe/Iceland/Greenland 17 226840 CHECK true false true false false true MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. PART I, LINE 2 THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO STUDENTS WHO ATTEND THE MONTREAL AND DUBLIN CHAMPLAIN ABROAD SITES AS WELL AS STUDENTS WHO ARE ACCEPTED TO PARTICIPATE IN APPROVED STUDY ABROAD PROGRAMS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTRATED FINANCIAL NEED. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ON AN ANNUAL BASIS, ALL FEDERAL FINANCIAL AID IS REVIEWED FOR COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 AND GOVERNMENT AUDITING STANDARDS BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. true INSTITUTIONAL SCHOLARSHIPS- GRADUATE 32 151063 RETURNING STUDENT SCHOLARSHIP 45 145996 SEOG FINANCIAL AID 528 304463 INSTITUTIONAL SCHOLARSHIPS- UNDERGRADUATE 1605 10265792 MONITORING THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO STUDENTS WHO ATTEND THE BURLINGTON, VT CAMPUS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTRATED FINANCIAL AID. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ON AN ANNUAL BASIS, ALL FEDERAL FINANCIAL AID IS REVIEWED FOR COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 AND GOVERNMENT AUDITING STANDARDS BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. MANNER OF CASH DISBURSEMENT PART III, COLUMN (E) THE COLLEGE DIRECTLY CREDITS EACH STUDENTS' ACCOUNT WHO RECEIVES ANY FEDERAL FINANCIAL AID OR OUTSIDE SCHOLARSHIPS. X X X X true true X X X X X true false false false false false false false false DAVID FINNEY 355612 0 107100 0 19980 0 46948 0 33437 0 563077 0 0 0 DAVID PROVOST 206200 0 40803 0 2030 0 24500 0 17927 0 291460 0 0 0 DANIEL MAHONEY 130498 0 2500 0 157636 0 38679 0 12606 0 341919 0 0 0 JAMES CROSS 136050 0 0 0 1995 0 13725 0 1333 0 153103 0 0 0 PAUL DUSINI 135545 0 0 0 1940 0 24219 0 8797 0 170501 0 0 0 LARRY MANDELL 56155 0 0 0 151041 0 21250 0 17089 0 245535 0 0 0 ALI RAFIEYMEHR 141052 0 0 0 2794 0 14572 0 13121 0 171539 0 0 0 JEFFREY RUTENBECK 141176 0 0 0 1760 0 14780 0 18129 0 175845 0 0 0 ROBIN ABRAMSON 168122 0 25551 0 1877 0 23932 0 17932 0 237414 0 0 0 LYNNE BALLARD 158325 0 0 0 2748 0 23616 0 9845 0 194534 0 0 0 MARY KAY KENNEDY 160612 0 24480 0 3043 0 41918 0 15533 0 245586 0 0 0 MICHELE RICHARDSON 170661 0 25552 0 3140 0 39101 0 7567 0 246021 0 0 0 BENEFITS PART I, LINE 1 ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE PRESIDENTS COMPANION SHALL ONLY BE REIMBURSED WHEN EXPENSES ARE INCURRED WHILE CONDUCTING THE BUSINESS OF THE COLLEGE. AS A CONDITION OF EMPLOYMENT THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THESE AMOUNTS ARE INCLUDED IN COLUMN (D) AS NON-TAXABLE BENEFITS. THE COLLEGE REIMBURSES THE PRESIDENT FOR MAID SERVICES INCURRED AS PART OF HOSTING EVENTS IN THE PRESIDENTIAL RESIDENCE. THESE AMOUNTS ARE INCLUDED IN THE INDIVIDUAL'S W-2. ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE COLLEGE MAY REIMBURSE THE PRESIDENT FOR HEALTH/SOCIAL CLUB DUES, WHICH IS INCLUDED IN THE INDIVIDUAL'S W-2. SEVERANCE PAYMENTS PART 1, LINE 4A PURSUANT TO A PLAN OF SEPARATION, DANIEL MAHONEY RECEIVED A ONE TIME PAYMENT OF $152,420 UPON SEPARATION FROM THE COLLEGE. PURSUANT TO A PLAN OF SEPARATION, LARRY MANDELL RECEIVED A ONE TIME PAYMENT OF $150,000 UPON SEPARATION FROM THE COLLEGE. VEHBFA 237154467 2009-06-09 12000000 CONSTRUCTION false false false VEHBFA (SERIES 2010A) 237154467 2010-12-13 8971117 REFUND 2003 BONDS false false false VEHBFA (SERIES 2010B) 237154467 2010-12-13 4000000 CONSTRUCTION false false false 0 0 12000000 0 820604 0 155000 0 0 11845000 0 0 2011 false false true true 8971117 0 8971117 0 0 0 0 0 0 0 0 0 2004 true false true true 0 0 4000000 325981 0 0 80000 0 0 3594019 0 0 2011 false false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false true true TD BANK 10. true false false false false false true true TD BANK 10. true false false false false false true true KEYBANK 10. true false false false false TAX- EXEMPT BONDS SCHEDULE K, PART I CHAMPLAIN COLLEGE ISSUED BONDS IN FISCAL YEAR 2010. BOTH SERIES 2010A AND 2010B ARE INCLUDED ON THE FEDERAL FORM 8038. JANITECH OWNER OF COMPANY- TRUSTEE 413375 CUSTODIAL SERVICES false REM DEVELOPMENT OWNED BY SPOUSE OF FORMER 4389536 CONSTRUCTION false X 15 739879 FAIR MARKET VALUE false true true PART 1, LINE 32B MORGAN STANLEY SMITH BARNEY (MSSB) ACCEPTS AND LIQUIDATES STOCK GIFTS FOR THE BENEFIT OF CHAMPLAIN COLLEGE. MSSB HAS BEEN INSTRUCTED BY THE COLLEGE TO LIQUIDATE INVESTMENTS RECEIVED BY CONTRIBUTORS IMMEDIATELY UPON RECEIPT. NUMBER OF CONTRIBUTIONS PART 1, COLUMN (B) AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. ORGANIZATION'S MISSION FORM 990, PART I AND III LINE 1 CHAMPLAIN COLLEGE ENDEAVORS TO BE A LEADER IN EDUCATING TODAY'S STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND ENGAGED GLOBAL CITIZENS. CHAMPLAIN'S AGILE AND ENTREPRENEURIAL APPROACH TO HIGHER EDUCATION UNIQUELY BLENDS TECHNOLOGY LEADERSHIP, MARKET SAVVY, INNOVATION AND FISCAL RESPONSIBILITY WITH A COMMITMENT TO LIBERAL LEARNING, COMMUNITY INVOLVEMENT AND "THE HUMAN TOUCH." THIS DISTINCTIVE APPROACH PERMEATES THE DELIVERY OF RELEVANT, RIGOROUS STUDENT-CENTERED PROGRAMS IN BUSINESS, ARTS, APPLIED TECHNOLOGY AND PUBLIC SERVICE. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION A, LINE 10 THE CONTROLLER OF CHAMPLAIN COLLEGE IS RESPONSIBLE FOR GATHERING AND DRAFTING THE INFORMATION TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT TAX ACCOUNTANTS. ONCE THE DRAFT IS COMPLETED, THE CONTROLLER GOES THROUGH THE FORM 990 IN DETAIL WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FORM 990 ON AN ANNUAL BASIS. THE AUDIT COMMITTEE CHAIR PROVIDES AN OVERVIEW OF THE FORM 990 AND PRESENTS THE DRAFTS TO THE FULL BOARD OF TRUSTEES PRIOR TO SUBMISSION. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A STATEMENT OF POLICY REGARDING CONFLICT OF INTEREST FOR THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES. ATTACHED TO THE CONFLICT OF INTEREST STATEMENT IS A SCHEDULE OF ALL TRUSTEE, OFFICER AND/OR KEY EMPLOYEE OF THE COLLEGE, AND INDIVIDUALS AND ENTITIES WHO OR THAT HAVE KEY BUSINESS RELATIONSHIPS WITH THE COLLEGE (E.G., INVESTMENT MANAGERS, LENDERS, OTHER FINANCIAL INSTITUTIONS, KEY VENDORS PROVIDING EITHER GOODS OR SERVICES TO THE COLLEGE). ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD MUST REVIEW THE SCHEDULE AND COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF ANY CONFLICT OF INTEREST EXISTS BY A VOTING MEMBER OF A COMMITTEE OR BOARD OF TRUSTEES, THEY SHALL NOT BE ALLOWED TO VOTE ON ANY SUCH MATTER PERTAINING TO CONFLICT. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE NOT VOTING. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE COMPENSATION COMMITTEE (THE COMMITTEE) WILL ANNUALLY REVIEW THE REASONABLENESS OF COMPENSATION LEVELS ON A POSITION-BY-POSITION BASIS. IN DOING SO, THE COMMITTEE WILL ASSESS THE NATURE AND SCOPE OF THE POSITION OF EACH EXECUTIVE BY ASSESSING THE BASIS FOR WHICH COMPENSATION WAS PAID TO THE INDIVIDUAL. THE COMMITTEE DETERMINES COMPENSATION FOR ALL KEY EMPLOYEES, EXCEPT THE PRESIDENT, BASED ON A REVIEW OF "VALID MARKET DATA" AS WELL AS CONSIDERATION OF THE PRESIDENT'S RECOMMENDATION. "VALID MARKET DATA" WILL BE DETERMINED BASED ON THE FOLLOWING PROCEDURE: 1.1.DETERMINE THE LIST OF OVERLAP INSTITUTIONS - IDENTIFY OTHER PRIVATE COLLEGES THAT HAVE HIGH APPLICANT OVERLAPS WITH CHAMPLAIN. THIS DATA IS FROM THE NATIONAL STUDENT CLEARINGHOUSE WHICH TRACKS THE COLLEGES WHICH STUDENTS APPLY TO AND ATTEND. 1.2.USING IRS TAX RETURN DATA (VIA GUIDESTAR), FIND MOST RECENT HIGHLY COMPENSATED REPORT ON TOP EARNERS AT OVERLAP INSTITUTIONS. 1.3.ADJUST THE REPORTED SALARIES AND BENEFITS BY A PERCENTAGE TO MAKE THEM ROUGHLY COMPARABLE TO CURRENT SALARY DATA. THIS INFLATION FACTOR IS DERIVED FROM NATIONALLY REPORTED HIGHER EDUCATION AVERAGE PAY HIKES IN PAST YEARS. REPORT BOTH THE BASE YEAR COMPENSATION AS WELL AS THE ADJUSTED SALARY BACK TO THE COMMITTEE. 1.4.BY POSITION, COMPARE CHAMPLAIN SALARY AND BENEFITS WITH THE OTHER INSTITUTIONS VIA SPREADSHEETS. THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT. THIS REVIEW, COMBINED WITH THE "VALID MARKET DATA" DESCRIBED ABOVE, ARE DISCUSSED AND CONSIDERED BY THE COMMITTEE WHEN ARRIVING AT THE PRESIDENT'S ANNUAL COMPENSATION PACKAGE. THE APPROVED COMPENSATION OF KEY EMPLOYEES WILL BE REPORTED ANNUALLY TO THE FULL BOARD OF TRUSTEES BY THE COMMITTEE. THE DECISIONS OF THE COMMITTEE ARE DOCUMENTED IN THE MINUTES OF EACH MEETING. PUBLIC DISCLOSURE POLICY FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENT, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990 PART XI LINE 5 UNREALIZED GAIN ON INVESTMENTS $2,657,610 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $143,080 SWAP VALUATION ($186,381) $2,614,309 COLLEGE CHAMPLAIN DU VERMONT 999999999 EDUCATIONAL CA 501(c)3 2 NA CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN IRELAND EI 999999999 EDUCATIONAL EI NA C CORP 1708408 82492 1.00000 CF CRUT 163 S WILLARD STREET BURLINGTON VT 05401 900437365 CHARITABLE TR VT NA TRUST 73479 0.75000 CP CRUT 163 S WILLARD STREET BURLINGTON VT 05401 030308114 CHARITABLE TR VT NA TRUST 162542 0.55000 CS CRUT 163 S WILLARD STREET BURLINGTON VT 05401 030306498 CHARITABLE TR VT NA TRUST 14264 0.74000 CW CRUT 163 S WILLARD STREET BURLINGTON VT 05401 526956773 CHARITABLE TR VT NA TRUST 36199 0.54000 CA CRUT 163 S WILLARD ST BURLINGTON VT 05401 999999999 CHARITABLE TR VT NA TRUST 243441 0.63000 false false false true false false false false false false false false false false false false true false COLLEGE CHAMPLAIN DU VERMONT d 1947126 CHAMPLAIN COLLEGE DUBLIN LIMITED d 106060 COLLEGE CHAMPLAIN DU VERMONT q 423460 CHAMPLAIN COLLEGE DUBLIN LIMITED q 811514 INTERESTS IN CERTAIN TRUSTS SCHEDULE R, PART IV CHAMPLAIN COLLEGE HAS INTERESTS IN CERTAIN CHARITABLE TRUSTS. EVERY EFFORT WAS MADE TO OBTAIN INFORMATION REQUIRED IN SCHEDULE R, PART IV. THE COLLEGE WAS UNABLE TO OBTAIN ONE TRUST'S IDENTIFICATION NUMBER, BUT HAS DISCLOSED ALL OTHER REQUIRED INFORMATION.