2011-04-15T14:22:09-05:00 2010-06-30 RIBIS JONES & MARESCA PA 10500 LITTLE PATUXENT PARKWAY SUITE COLUMBIA MD 21044 990 2009-07-01 520591608 HOOD COLLEGE OF FREDERICK MD HOOD 3016963131 401 ROSEMONT AVE FREDERICK MD 21701 CHARLES G MANN 3016963131 2011-04-12 1 DAVID JONES 4108840220 2009 2016-02-24 21:20:13Z RONALD J VOLPE 401 ROSEMONT AVE FREDERICK MD 21701 82427914 0 X www.hood.edu X 1893 MD Hood College prepares students to excel in meeting the personal, professional and global challenges of the future. Hood is committed to the integration of the liberal arts, the professions and technology, to the exploration of values, a sense of community and to the preparation of students for lives of responsibility and leadership. 18 18 1213 0 197065 -420591 9000812 8800301 45618347 47842522 1987590 1712456 0 56606749 58355279 17204432 18701557 0 20316474 19150695 0 1253806 16844998 17107367 54365904 54959619 2240845 3395660 103365688 109643582 19508739 18413047 83856949 91230535 Hood College prepares students to excel in meeting the personal, professional and global challenges of the future. Hood is committed to the integration of the liberal arts, the professions and technology, to the exploration of values, a sense of community and to the preparation of students for lives of responsibility and leadership. 0 0 43789569 18701557 47537284 HIGHER EDUCATION-FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. Hood provides its students with the opportunity to pursue twenty-EIGHT major fields of study towards Bachelor of Arts and Bachelor of Science Degrees, 14 master's degrees and 5 post-baccalaureate certificate programs and certification programs in education. In Fall 2010, total enrollment was 2,448 students comprised of 1,486 undergraduate and 962 students seeking master's degrees, certificates or certification. 43789569 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3685 0 1213 1 1 1 0 0 0 0 0 0 0 0 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MD X DARIAN SCHULZE 3016963883 401 ROSEMONT AVE FREDERICK MD 21701 chERYL BROWN DREILING 2.00 X 0 0 0 PHILIP A BERKHEIMER 2.00 X 0 0 0 M RICHARD ADAMS 2.00 X 0 0 0 JANET H COTTON 2.00 X 0 0 0 MARGERY LESSER ELFIN 2.00 X 0 0 0 JOAN ESSELEN FOOT 2.00 X 0 0 0 J BRIAN GAENG 2.00 X 0 0 0 GAIL L GAMBLE 2.00 X 0 0 0 EVA TEIG HARDY 2.00 X 0 0 0 ROBERT G HOOPER 2.00 X 0 0 0 KEVIN C JACKSON 2.00 X 0 0 0 GEORGE E LEWIS JR 2.00 X 0 0 0 JACOB RAY RAMSBURG 2.00 X 0 0 0 JANET SPAULDING NUNN 2.00 X 0 0 0 MALINDA B SMALL 2.00 X 0 0 0 JUDITH MESSINA 2.00 X 0 0 0 EARLENE H THORNTON 2.00 X 0 0 0 LAURA LEE MILLER 2.00 X 0 0 0 RONALD VOLPE 60.00 X 277544 0 218308 DARIAN SCHULZE 40.00 X 84287 0 26972 DIANE WISE 40.00 X 57125 0 18280 charles g mann 40.00 X 0 0 0 KATHLEEN C BANDS 40.00 X 112514 0 36005 ROBERT FUNK 40.00 X 136060 0 43539 NANCY GILLECE 50.00 X 134160 0 42931 OLIVIA WHITE 50.00 X 119224 0 38152 CORNELIUS FAY 40.00 X 111525 0 35688 WILLIAM GEARHART 40.00 X 189941 0 60781 1222380 0 520656 7 1 1 0 ROY JORGENSEN ASSOCIATES 3735 BUCKEYSTOWN PIKE BUCKEYSTOWN MD 21717 FACILITIES MANAGEMENT 2456054 ARAMARK CORP 24818 NETWORK PLACE CHICAGO IL 60673 FACILITIES MANAGEMENT 2408515 ARAMARK SERVICES 5271 ELLIOT ROAD BUTLER PA 160018105 FOOD SERVICES 2336350 KBE BUILDING CORPORATION 8661 ROBERTS FULTON DRIVE 190 COLUMBIA MD 21046 CONSTRUCTION ENGINEERING SERVICES 2328166 BUSHMAN DREYFUS ARCHITECTS 820-B EAST HIGH STREET CHARLOTTSVILLE VA 22902 ARCHITECTURAL SERVICES 365703 34 2093892 6706409 241802 8800301 GROSS TUITION AND FEES 611600 40414117 40414117 AUXILIARY ENTERPRISES 713990 6860671 6555433 305238 OTHER EDUCATION AND GE 611600 567734 567734 47842522 1616752 -108173 1724925 24168339 24072635 95704 95704 95704 58355279 47537284 197065 1820629 18701557 18701557 1321515 917019 358667 45829 13871335 9625521 3764765 481049 436323 302771 118421 15131 2423647 1681804 657793 84050 1097875 761831 297970 38074 129625 89949 35181 4495 180452 125218 48976 6258 103739 103739 7355078 5103796 1996213 255069 136224 94528 36972 4724 1374390 953709 373018 47663 1298957 901365 352545 45047 420982 292126 114257 14599 1614312 1120195 438134 55983 238535 165523 64740 8272 OTHER 4255073 2952657 1154853 147563 54959619 43789569 9916244 1253806 647674 1536493 2569133 74912 36829 1112425 3967459 3681314 6954046 5495424 175845 192945 81703147 44744740 34806541 36958407 26964741 19594948 8845908 24390098 18397512 16606616 103365688 109643582 4495214 5276897 479845 411110 127000 106000 7387937 6030406 7018743 6588634 19508739 18413047 X 34001747 36440452 14652104 17607047 35203098 37183036 83856949 91230535 103365688 109643582 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47488121 1062287 5416867 2337542 51629733 59084921 269907 -9372947 2493760 47488121 0.06300 0.71900 0.21800 1 0 265048 265048 60167065 27512929 32654136 4779071 1812447 2966624 16065125 15419364 645761 426838 426838 36958407 bonds 15606362 F real estate 952548 F hedge funds 7831188 F 24390098 INTEREST HELD IN TRUST BY OTHERS 14528712 cash and short term investments 2026736 life insurance 51168 16606616 SPLIT INTEREST AGREEMENTS 2611018 REFUNDABLE ADVANCES FROM GOVT-PERKINS 2411075 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1566541 6588634 Part V, Line 4: Description of Intended Use of Endowment Funds: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR INSTRUCTION, SCHOLARSHIPS, AND ACADEMIC SUPPORT. Part X: Description of Uncertain Tax Positions Under FIN 48: In June 2006, the Financial Accounting Standards Board (FASB) issued Interpretation Number 48, Accounting for Uncertainty in Income Taxes (included in FASB ASC 740-10 Income Taxes - Overall). ASC 740-10 prescribes a threshold of more-likely-than-not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. ASC 740-10 also provides related guidance on measurement Classification, interest and penalties and disclosure. As provided in FASB Staff Position FIN 48-3, Effective Date of FASB Interpretation No. 48 for Certain Non-Public Enterprises, Hood College has implemented ASC 740-10 for the year ended June 30, 2010. This implementation of ASC 740-10 had no impact on the College's statement of financial position or statement of activities, as there were no unrecognized tax benefits or liabilities that needed to be recorded. 1 1 1 THE NON-DISCRIMINATION POLICY IS PLACED ON ALL PUBLICATIONS & PRINTED MATERIALS. SPECIFICALLY THE POLICY APPEARS ON THE APPLICATION MATERIALS, LETTERS TO POTENTIAL STUDENTS AND ON THE ORGANIZATION'S WEBSITE. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 HOOD COLLEGE RECEIVES THE FOLLOWING FEDERAL ASSISTANCE: DIRECT STUDENT FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION, AND U.S. DEPARTMENT OF EDUCATION PASS-THRU FUNDING FROM THE STATE OF MARYLAND. IN ADDITION, HOOD COLLEGE RECEIVED GRANT AWARDS FROM THE THE U.S. DEPARTMENT OF COMMERCE, U.S. DEPARTMENT OF DEFENSE, U.S. DEPARTMENT OF HOMELAND SECURITY, AND THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES. 1 1 Hood College provides scholarship to students attending the College 1518 18701557 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All Hood College grants, college work-study awards, Perkins loans and most Stafford loans are based on financial need. Hood scholarships are based on academic achievement as evaluated through the student's high school record and SAT scores. Many scholarship recipients' total financial aid packages also integrate need based awards. All grants and awards require reporting of fund usage. X 1 1 X X 1 0 0 0 0 0 0 0 0 RONALD VOLPE 277544 0 0 0 0 0 0 0 218308 0 495852 0 0 0 ROBERT FUNK 136060 0 0 0 0 0 0 0 43539 0 179599 0 0 0 NANCY GILLECE 134160 0 0 0 0 0 0 0 42931 0 177091 0 0 0 OLIVIA WHITE 119224 0 0 0 0 0 0 0 38152 0 157376 0 0 0 WILLIAM GEARHART 189941 0 0 0 0 0 0 0 60781 0 250722 0 160483 0 Part I, Line 4a A SEVERANCE AMOUNT WAS ACCRUED FOR WILLIAM H. GEARHART FOR $160,483 during the year ended 6/30/09 THIS AMOUNT Was PAID IN THE FISCAL YEAR ENDING JUNE 30, 2010. HIS LAST DAY OF EMPLOYMENT WAS 6/30/09, AND HE IS THEREFORE CONSIDERED A FORMER OFFICER. Supplemental Information Part III CHARLES G. MANN BEGAN HIS TERM AS TREASURER ON JANUARY 1, 2010. THERE IS THEREFORE NO SALARY REFLECTED FOR HIM ON PART VII OR SCHEDULE J OF THE 990 WHICH IS BASED ON CALENDAR YEAR 2009 REPORTABLE COMPENSATION. X 15 214802 FMV AT TIME OF DONATION 0 0 0 0 Form 990, Part VI, Section B, line 11 The Return is reviewed by the Treasurer and Assistant Treasurer and A copy of the 990 will be presented to the Board of Directors to review before filing. Form 990, Part VI, Section B, line 12c The policy of Hood College is that each member of the Board shall execute and submit on an annual basis during her/his term of service a Disclosure of Interest Statement. The Chairperson of the Board, in conjunction with the management of the College, monitors the submission of these forms on an annual basis. Form 990, Part VI, Section B, line 15 PER THE BYLAWS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO SET THE PRESIDENT'S SALARY. DECISIONS REGARDING THE PRESIDENT'S SALARY ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO AID IN THE DETERMINATION OF HIRING SALARIES AS WELL AS ON-GOING ADJUSTMENTS. SALARY REVIEWS AND ADJUSTMENTS FOR ALL EMPLOYEES, EXCLUDING THE PRESIDENT, ARE PERFORMED PERIODICALLY BY SUPERVISORS. RECOMMENDATIONS ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, THE BUDGET DIRECTOR, AND THE DIVISIONAL VICE PRESIDENT. SALARY ADJUSTMENTS ARE APPROVED BY THE VICE PRESIDENT OF FINANCE OR THE PRESIDENT. Form 990, Part VI, Section C, line 19 Hood College maintains copy of its governing documents, conflict of interest policies and financial statements available to the public upon request. In addition, a copy of the 990 is available for review on the website Guidestar.org. Hood College Foundation 401 Rosemont Street Frederick MD 21701 521961144 Support of Hood College MD 501(c)(3) 11 HOOD COLLEGE LP 401 ROSEMONT AVENUE FREDERICK MD 21701 521969014 investing MD investment -581756 0 1 FREDERICK AIRPORT PARK ASSOCIATES LP 7600 COLSHIRE DRIVE SUITE 150 MCLEAN VA 22102 541795144 real estate VA investment -549345 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Hood College Foundation D 1420000 hood College Foundation E -1420000