2011-05-11T10:42:36-04:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 042103567 ENDICOTT COLLEGE ENDI 9782322026 376 HALE STREET BEVERLY MA 019152096 LYNNE O'TOOLE 2011-05-10 6179881000 2009 2016-02-24 21:20:13Z RICHARD WYLIE 376 HALE STREET BEVERLY MA 019150296 95718170 false X WWW.ENDICOTT.EDU X 1939 MA THE MISSION OF ENDICOTT COLLEGE IS TO INSTILL IN STUDENTS AN UNDERSTANDING OF AND AN APPRECIATION FOR PROFESSIONAL AND LIBERAL STUDIES. 32 31 1535 89 4325541 -843564 2183688 3110315 76624499 81736323 -580381 81533 391199 534401 78619005 85462572 11848857 13845798 0 0 32208062 34726836 0 0 975985 24154268 24829672 68211187 73402306 10407818 12060266 151419435 170075723 69019924 75447654 82399511 94628069 THE MISSION OF ENDICOTT COLLEGE IS TO INSTILL IN STUDENTS AN UNDERSTANDING OF AND AN APPRECIATION FOR PROFESSIONAL AND LIBERAL STUDIES. false false 41625519 13845798 76703762 *EDUCATION AND AUXILIARY* SEE SCHEDULE O 9174853 *ACADEMIC SUPPORT* SEE SCHEDULE O 8054869 122319 *STUDENT SERVICES* SEE SCHEDULE O 5544617 1119636 64399858 true true false true false false true false true true true false true true false false true false false false false false true true true false false false false false false true false true false false false false false false true false false false true 129 0 true 1535 true true true true MX false false false false false false false 32 31 true false false false false false false true true false false true true true true true true true true false MA X X LYNNE O'TOOLE EXECUTIVE VP 9782322030 C/O ENDICOTT COLLEGE 376 HALE STRE BEVERLY MA 019152096 THOMAS J ALEXANDER 3.0 X 0 0 0 SHAIKH MOHAMED AL-KHALIFA 1.0 X 0 0 0 CANDIDA M AVERSENTI 1.0 X 0 0 0 E LORRAINE BAUGH 1.0 X 0 0 0 PATRICIA CONNOLLY COOK 1.0 X 0 0 0 BERTHE MASON COWLES 1.0 X 0 0 0 CHAD CRANDELL 3.0 X 0 0 0 W ANDERSON DEVEREAUX 2.0 X 0 0 0 ROBERT FANNING 1.0 X 0 0 0 MYRT HARPER ROSE 1.0 X 0 0 0 PATRICIA HEFTLER 1.0 X 0 0 0 MELISSA HEMPSTEAD 1.0 X 0 0 0 DAVID W HILLIS 2.0 X 0 0 0 STEPHANIE HONAN 1.0 X 0 0 0 WILLIAM F HOWARD 3.0 X 0 0 0 CHARLIE JERABEK 1.0 X 0 0 0 VIRGINIA JUDGE 1.0 X 0 0 0 REV DR PAUL D KENNEDY 1.0 X 0 0 0 LYNWOOD J KRISCHKE 1.0 X 0 0 0 MARIETTA CASHEN MARSH 1.0 X 0 0 0 MARSHA A MCDONOUGH 1.0 X 0 0 0 DR RICHARD G POST 1.0 X 0 0 0 ERNEST M SANTIN 2.0 X 0 0 0 PAMELA K SCANGAS 2.0 X 0 0 0 PATRICIA A SCANGAS 1.0 X 0 0 0 W THOMAS SPENCER JR 3.0 X 0 0 0 STEPHEN J SWEENEY 2.0 X 0 0 0 DR LINDA EDMONDS TURNER 1.0 X 0 0 0 WILLIAM W VAN LOAN 1.0 X 0 0 0 ANTHONY J VENUTI 1.0 X 0 0 0 CHARLENE I WAX 2.0 X 0 0 0 RICHARD E WYLIE 60.0 X X 326554 0 73353 LYNNE O'TOOLE 50.0 X 178970 0 31395 THOMAS REDMAN 42.0 X 191952 0 35089 DAVID VIGNERON 50.0 X 175296 0 29413 LAURA ROSSI-LE 40.0 X 145970 0 40659 RICHARD BENEDETTO 50.0 X 112493 0 11681 DENISE BILODEAU 40.0 X 128658 0 18939 DENNIS MONACO 45.0 X 116044 0 39037 PETER EDEN 40.0 X 139304 0 24347 1515241 0 303913 29 false true false SEE SCHEDULE O 0 695894 2414421 3110315 TUITION AND FEES 611710 57129483 57129483 RESIDENCE AND DINING 721000 19573979 19573979 CONFERENCE AND EDUCATION SERVICES 611710 4516439 190338 4326101 MISCELLANEOUS 900099 516422 516422 81736323 591740 -560 592300 1094 1094 0 0 0 0 0 0 9744297 0 9688303 567295 55994 -567295 -511301 -511301 0 0 0 0 0 BOOKSTORE COMMISSION 451211 62798 62798 VENDING COMMISSIONS 900099 59521 59521 OTHER MISCELLANEOUS 900099 412082 412082 534401 85462572 77945717 4325541 80999 0 13536823 13536823 308975 308975 0 930096 221409 532192 176495 0 25879412 22642349 2792697 444366 1610986 1274766 316714 19506 4488846 3933144 501350 54352 1817496 1512104 283385 22007 0 43439 43439 74756 74756 178417 178417 0 43750 43750 4175853 3824919 314199 36735 331477 282890 48587 1664780 1320704 288550 55526 1124841 1124841 0 3258306 3189514 53758 15034 801442 699375 78453 23614 0 0 2010351 1931739 75440 3172 0 3624295 3491860 126716 5719 550223 1316 548365 542 FOOD SERVICE 3918194 3835952 62297 19945 OTHER MISCELLANEOUS EXPENSES 2293622 1840991 407955 44676 PRINTING/PUBLICATIONS 545582 398577 95601 51404 SMALL/NON-CAPITALIZED EQUIP. 190344 152451 35001 2892 73402306 64399858 8026463 975985 7106 20243 2718936 2878711 2327447 2569010 1100112 1340476 154874063 29498615 124097081 125375448 20987040 29892104 181713 1238782 0 6760949 151419435 170075723 4333766 4948899 5613369 5789986 41850000 50940000 10946111 5386755 6276678 8382014 69019924 75447654 X 77160471 88731631 2914463 3483878 2324577 2412560 82399511 94628069 151419435 170075723 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 178417 178417 LOBBYING ACTIVITY PART II-B, LINE 1I DURING THE YEAR ENDED JUNE 30, 2010, ENDICOTT COLLEGE ENGAGED AXELA GOVERNMENT RELATIONS AND ADS VENTURES INC. TO ASSIST THE COLLEGE IN OBTAINING GRANTS FROM THE DEPARTMENT OF EDUCATION. X X X false 21109882 7071180 2908984 12488 31077558 25125890 555000 -4571008 21109882 0.92297 0.07703 0.00000 false false 8824292 8824292 133860116 23146862 110713254 10188411 6120969 4067442 2001244 230784 1770460 125375448 0 REFUNDABLE ADVANCES - US GOV'T 574094 LIABILITY- INTEREST RATE SWAPS 7807920 8382014 85462572 73402306 12060266 2267596 -2099304 168292 12228558 71785066 2267596 -15945102 -13677506 85462572 85462572 59556508 59556508 13845798 13845798 73402306 COLLECTIONS OF ART PART III, LINE 4 ENDICOTT'S LIBRARY HOUSES COLLECTIONS OF BOOKS, PERIODICALS, AND OTHER REFERENCE MATERIALS. WITHIN THE LIBRARY IS AN ARCHIVES & MUSEUM. THE PURPOSE OF THE ARCHIVES & MUSEUM IS TO PRESERVE, INTERPRET, AND EXHIBIT THE HISTORY OF THE COLLEGE. THIS IS ACCOMPLISHED THROUGH A PERMANENT COLLECTION THAT INCLUDES, BUT IS NOT LIMITED TO, ARCHIVAL DOCUMENTS THAT CHRONICLE THE DEVELOPMENT OF THE COLLEGE, PHOTOGRAPHS, EPHEMERA, ORAL HISTORY, AND ARTIFACTS. THE ARCHIVES & MUSEUM ENHANCES THE APPRECIATION AND UNDERSTANDING OF ENDICOTT COLLEGE'S HERITAGE, SHOWS THE EVOLUTION AND GROWTH OF THE INSTITUTION AND THE INFLUENCE THE INSTITUTION HAS WITHIN THE EXTENDED COMMUNITY. ENDOWMENT FUNDS PART V, LINE 4 ENDICOTT'S ENDOWMENT INCLUDES 46 FUNDS RESTRICTED TO SCHOLARSHIPS AND ONE FUND FOR ASSISTING HANDICAPPED STUDENTS. THE FUNDS RESTRICTED TO SCHOLARSHIPS ARE AWARDED BASED ON A COMBINATION OF FINANCIAL NEED AND OTHER DONOR-SPECIFIED CRITERIA. APPROXIMATELY 92% OF THE ENDOWMENT IS UNRESTRICTED. INCOME AND DIVIDENDS ARE REINVESTED, AND APPROPRIATIONS (DRAWS) ARE MADE ONLY FOR DONOR-STIPULATED PURPOSES; THAT AMOUNT IS TYPICALLY LESS THAN 1% OF THE ENDOWMENT. GENERALLY, THE MAXIMUM DRAW IS NO GREATER THAN 5% OF THE AVERAGE FAIR VALUE OF EACH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT. DUE TO MOST ENDOWMENT FUNDS CONTINUING THEIR RECOVERY FROM PRIOR MARKET LOSSES, IN 2010 ONLY $12,488 WAS APPROPRIATED. SCHOLARSHIPS WERE GIVEN IN DONORS' NAMES; HOWEVER, WITH THE EXCEPTION OF THE $12,488, THEY WERE FUNDED WITH THE COLLEGES OPERATING BUDGET. BECAUSE THE COLLEGE DOES NOT RELY ON ITS ENDOWMENT TO FUND OPERATING EXPENSES, THE MARKET DOWNTURN HAS HAD NO EFFECT ON ITS OPERATIONS. ENDICOTT EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE GREATER THAN PLANNED PAYOUTS. THE COLLEGE TRANSFERS OPERATING FUNDS ON AN ANNUAL BASIS IN ORDER TO HELP BUILD THE ENDOWMENT. IN FISCAL 2010 A TOTAL OF $7,071,180 WAS ADDED. CHANGE IN NET ASSETS PART XI, LINE 8 CHANGE IN LIABILITY FOR INTEREST RATE SWAP (2,099,304) OTHER REVENUE INCLUDED ON FINANCIAL STATEMENTS BUT NOT ON RETURN PART XII, LINE 2D CHANGE IN LIABILITY FOR INTEREST RATE SWAP (2,099,304) SCHOLARSHIPS (13,845,798) TOTAL (15,945,102) OTHER EXPENSES INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XIII, LINE 4B SCHOLARSHIPS 13,845,798 true true true ENDICOTT'S STATEMENTS ON NONDISCRIMINATION CAN BE FOUND IN ALL MAJOR DOCUMENTS OF THE COLLEGE INCLUDING: THE UNDERGRADUATE AND GRADUATE CATALOGS, EMPLOYEE HANDBOOK, STUDENT HANDBOOK, INTERNSHIP DIRECTORY, FACTS AND FIGURES, ANNUAL REPORT, SOUNDINGS MAGAZINE AND MANY OTHER DOCUMENTS PUBLISHED BY THE COLLEGE. THE STATEMENT IS ALSO LOCATED ON THE COLLEGE WEBSITE AND IN MANY OF ONLINE PUBLICATIONS. true true true true false false false false false false false false true false ENDICOTT COLLEGE PARTICIPATES IN FEDERAL STUDENT AID PROGRAMS AS WELL MASSACHUSETTS STUDENT AID PROGRAMS. true true Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 940099 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 23400 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 477565 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 19800 South Asia 0 0 Program Services STUDY ABROAD 16210 South America 0 0 Program Services STUDY ABROAD 11690 North America 0 0 Program Services INSTRUCTION 671432 0 0 2160196 ENDICOTT STUDENT AID South America 1 4525 CHECK/WIRE ENDICOTT STUDENT AID Cent. America/Caribbean 2 9075 CHECK/WIRE ENDICOTT STUDENT AID South Asia 1 1775 CHECK/WIRE ENDICOTT STUDENT AID Sub-Saharan Africa 2 6900 CHECK/WIRE ENDICOTT STUDENT AID Europe/Iceland/Greenland 61 221025 CHECK/WIRE ENDICOTT STUDENT AID East Asia and the pacifi 23 65675 CHECK/WIRE MONITOR THE USE OF GRANT FUNDS OUTSIDE OF THE U.S. PART I, LINE 2 THE PROCEDURE FOR AWARDING SCHOLARSHIP AID TO STUDENTS STUDYING ABROAD FOLLOWS THE SAME PROCEDURE AS SCHOLARSHIP AID AWARDED TO STUDENTS STUDYING AT THE BEVERLY, MASSACHUSETTS CAMPUS. STUDENTS ARE AWARDED AID BASED ON MERIT AND/OR FINANCIAL NEED. ALL STUDENTS MUST APPLY FOR FINANCIAL AID AND SUBMIT A FREE APPLICATION FOR STUDENT AID (FAFSA). EACH APPLICANT'S FINANCIAL STATUS IS EVALUATED SO THAT AWARDS WILL ACCOMMODATE A PARTICULAR STUDENT'S NEED. STUDENTS MAY ALSO BE CONSIDERED FOR ENDICOTT PRESIDENTIAL ACADEMIC SCHOLARSHIPS. ALL STUDENT AID RECORDS ARE MAINTAINED IN THE OFFICE OF FINANCIAL AID AND ARE REVIEWED IN THE COURSE OF FINANCIAL AND A-133 AUDITS PERFORMED BY KPMG LLP. STUDENTS STUDYING ABROAD ARE BILLED TUITION AT ENDICOTT'S RATE OR THE STUDY ABROAD PROGRAM'S RATE IF IT IS HIGHER. STUDENTS ARE BILLED FOR THE PROGRAM'S HOUSING ACCOMMODATIONS AND ANY OTHER FEES CHARGED BY THE PROGRAM. STUDENT AID AWARDS ARE POSTED TO STUDENT ACCOUNTS, THEREBY REDUCING THE AMOUNT THE FAMILY MUST REMIT TO THE COLLEGE. PAYMENT IS MADE BY THE COLLEGE TO THE STUDY ABROAD AGENCY OR UNIVERSITY UPON RECEIPT OF AN INVOICE AND DETERMINATION THAT THE STUDENT HAS PAID ENDICOTT. THE INVOICE WILL LIST THE PROGRAM COSTS, THE STUDENT'S NAME AND OTHER DETAILS. true ENDICOTT NEED-BASED SCHOLARSHIPS 997 6746828 ENDICOTT MERIT/ACADEMIC SCHOLARSHIPS 954 5661929 MEXICO TRANSFERS SCHOLARSHIP 20 324060 FEDERAL SEOG GRANT 175 176638 SPECIAL/PRESIDENT'S DISCRETIONARY SCHOLARSHIP 20 191126 MA GILBERT GRANT 117 105550 FEDERAL ACG GRANT 112 94328 ENDOWED AND DONOR-RESTRICTED SCHOLARSHIPS 136 130088 FEDERAL SMART GRANT 10 44000 ENDICOTT ROTC GRANT 7 60976 MA PART-TIME GRANT 2 1300 MONITORING THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 STUDENTS ARE AWARDED AID BASED ON MERIT AND/OR FINANCIAL NEED. ALL STUDENTS MUST APPLY FOR FINANCIAL AID AND SUBMIT A FREE APPLICATION FOR STUDENT AID (FAFSA). EACH APPLICANT'S FINANCIAL STATUS IS EVALUATED SO THAT AWARDS WILL ACCOMMODATE A PARTICULAR STUDENT'S NEED. STUDENTS MAY ALSO BE CONSIDERED FOR ENDICOTT PRESIDENTIAL ACADEMIC SCHOLARSHIPS. ALL STUDENT AID RECORDS ARE MAINTAINED IN THE OFFICE OF FINANCIAL AID AND ARE REVIEWED IN THE COURSE OF FINANCIAL AND A-133 AUDITS PERFORMED BY KPMG LLP. STUDENTS ARE MONITORED TO ASSURE THAT ACADEMIC PROGRESS AS REQUIRED BY THE SCHOLARSHIPS IS MET. X X true true X X X X X false true false false false false false false false RICHARD E WYLIE 324442 0 0 0 2112 0 26313 0 47040 0 399907 0 0 0 LYNNE O'TOOLE 178970 0 0 0 0 0 14708 0 16687 0 210365 0 0 0 THOMAS REDMAN 190777 0 0 0 1175 0 17259 0 17830 0 227041 0 0 0 DAVID VIGNERON 163603 0 0 0 11693 0 13443 0 15970 0 204709 0 0 0 LAURA ROSSI-LE 145970 0 0 0 0 0 12100 0 28559 0 186629 0 0 0 DENNIS MONACO 116044 0 0 0 0 0 10546 0 28491 0 155081 0 0 0 PETER EDEN 139304 0 0 0 0 0 10175 0 14172 0 163651 0 0 0 BENEFITS PART I, LINE 1A DR. RICHARD E. WYLIE, PRESIDENT, TRAVELED FIRST CLASS AIRFARE FOR THE COLLEGE ON 3 DATES DURING FY2010. HE WAS APPROVED BY THE BOARD OF TRUSTEES TO TRAVEL FIRST CLASS RATHER THAN COACH DUE TO MEDICAL LIMITATIONS. DR. WYLIE LIVES IN ON-CAMPUS HOUSING FOR THE CONVENIENCE OF ENDICOTT COLLEGE AND IS THEREFORE NOT TAXABLE. THE RESIDENCE IS USED EXTENSIVELY FOR COLLEGE FUNCTIONS. FURTHER, DR. WYLIE OWNS A FAMILY HOME ELSEWHERE AND HIS FAMILY HAVE NEVER LIVED IN THE ON-CAMPUS RESIDENCE. DEFERRED COMPENSATION PART I, LINE 4B IN MAY 2010 DR. WYLIE AGREED TO EXTEND HIS TERM OF EMPLOYMENT. THIS RESULTED IN A REVISED COMPENSATION AGREEMENT THAT EXTENDED HIS VESTING SCHEDULE FROM THREE TO FIVE YEARS WITH A VESTING SCHEDULE OF 20% AS OF JULY 1, 2010; 40% AS OF JULY 1, 2011; 60% AS OF JULY 1, 2012; 80% AS OF JULY 1, 2013; AND 100% AS OF JULY 1, 2014 PROVIDED HE IS STILL EMPLOYED BY ENDICOTT ON SUCH DATE. PURSUANT TO THE CHANGE IN THE VESTING SCHEDULE, DR. WYLIE WILL RECEIVE $90,451.51 WITHIN 30 DAYS AFTER JULY 1, 2010 AND THE SAME AMOUNT WITHIN 30 DAYS AFTER JULY 1 OF EACH OF THE NEXT FOUR YEARS, SUBJECT TO DR. WYLIE'S CONTINUED EMPLOYMENT BY ENDICOTT AND OTHER TERMS OF THE PLAN. MHEFA - SERIES D 042456011 57586CCV5 2004-05-20 33625000 REFINANCE DEBT & CONSTRUCTION false false MHEFA - SERIES E 042456011 57586CM51 2007-11-15 12550000 REFINANCE DEBT & CONSTRUCTION false false MHEFA - SERIES F 042456011 2010-04-01 10000000 BUILD DORMITORY false false 33625000 0 0 0 517236 0 33107764 2006 true false true true 12550000 0 0 0 248605 0 12301395 2009 false false true true 10000000 0 0 6760949 123750 0 3115301 2012 false false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false true true BANK OF AMERICA 20. false false false false true true BANK OF AMERICA 30. false false false false false false false false false NA N/A 31033 TUITION BRIAN WYLIE FAMILY MEMBER-PRES. WYLIE 110019 COMPENSATION - ATHLETIC DIR. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 THE MISSION OF ENDICOTT COLLEGE IS TO INSTILL IN STUDENTS AN UNDERSTANDING OF AND AN APPRECIATION FOR PROFESSIONAL AND LIBERAL STUDIES. DEEPLY WOVEN WITHIN THIS PHILOSOPHY IS THE CONCEPT OF APPLIED LEARNING WHICH HAS BEEN THE HALLMARK OF ENDICOTT. LINKING CLASSROOM AND OFF CAMPUS WORK EXPERIENCE THROUGH REQUIRED INTERNSHIPS REMAINS THE MOST DISTINGUISHING FEATURE OF THE COLLEGE. ENDICOTT HAS A VISION FOR THE TOTAL DEVELOPMENT OF THE INDIVIDUAL WITHIN A COMMUNITY WHICH FOSTERS AN APPRECIATION OF DIVERSITY, INTERNATIONAL AWARENESS, COMMUNITY SERVICE, AND MORAL AND ETHICAL VALUES. ENDICOTT IS AN INNOVATIVE AND VIBRANT, STUDENT CENTERED INSTITUTION WHICH SUPPORTS UNDERGRADUATE AND GRADUATE STUDENTS IN THEIR PURSUIT OF KNOWLEDGE. COMMON THREADS RUN THROUGH THE FABRIC OF THE "ENDICOTT EXPERIENCE": INCREASED SELF-CONFIDENCE, STRONGER PROFESSIONAL SKILLS AND TECHNOLOGICAL COMPETENCIES, AND PERHAPS THE MOST VALUED OF ALL, LIVES OPEN TO CHANGE. STATEMENT OF UNDERSTANDING ENDICOTT COLLEGE IS COMMITTED TO PROVIDING AN EDUCATIONAL EXPERIENCE THAT WILL ENCOURAGE STUDENTS TO VIEW THE CONCEPT OF DIVERSITY FROM A VARIETY OF PERSPECTIVES IN ORDER TO FOSTER UNDERSTANDING AND ULTIMATELY GREATER RESPECT AND ACCEPTANCE AMONG INDIVIDUALS. EMBRACING DIVERSITY MEANS UNDERSTANDING AND RESPECTING OUR INDIVIDUAL DIFFERENCES, WHICH INCLUDES THE DIMENSIONS OF RACE, ETHNICITY, GENDER, SEXUAL ORIENTATION, SOCIO-ECONOMIC STATUS, AGE, DIFFERING ABILITIES (E.G., PHYSICAL, EMOTIONAL, AND COGNITIVE), RELIGIOUS AND POLITICAL BELIEFS. CENTRAL TO THE EXPLORATION OF THE DIFFERENCES AND SIMILARITIES AMONG INDIVIDUALS IS THE NEED TO OFFER A SAFE, POSITIVE, AND SUPPORTIVE ENVIRONMENT. THE GOAL IS TO REACH A GREATER UNDERSTANDING OF EACH OTHER AND TO MOVE BEYOND SIMPLE TOLERANCE TO EMBRACING AND CELEBRATING THE RICH DIMENSIONS OF DIVERSITY CONTAINED WITHIN EACH INDIVIDUAL. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 1 ENDICOTT IS RANKED #10 IN THE TOP TIER OF NORTHERN BACCALAUREATE COLLEGES BY US NEWS AND WORLD REPORT. DURING FISCAL 2010, FOR FALL 2010 ADMISSION, THE OFFICE OF ADMISSION RECEIVED 3,912 APPLICATIONS, ACCEPTED 58% OF THE APPLICANTS, AND ENROLLED 30% OF THOSE ACCEPTED FOR ADMISSION. THE COLLEGE AWARDED 507 BACHELOR DEGREES AND 232 MASTERS DEGREES IN 2009-10. OUR GRADUATES HAD 93% PASS RATES ON EXTERNAL EXAMINATIONS FOR NURSING, 100% FOR ATHLETIC TRAINING, EDUCATION, AND PHYSICAL EDUCATION TEACHER LICENSURE. EXTERNAL LICENSURE FOR THESE PROGRAMS IS ASSESSED BY THE NATIONAL COUNCIL LICENSURE EXAMINATION, THE NATA BOARD OF CERTIFICATION LICENSURE, AND THE MASSACHUSETTS DEPARTMENT OF EDUCATION LICENSURE, RESPECTIVELY. ENDICOTT'S RETENTION RATE OF FRESHMAN ENTERING 2009 AND RETURNING 2010 WAS 81%. THE SIX YEAR GRADUATION RATE FOR FRESHMAN ENTERING 2003 AND GRADUATING BY 2009 WAS 72%. OF THE 2009 GRADUATES WHO RESPONDED TO CAREER SURVEYS, 68% OF DAY DIVISION GRADUATES WERE EMPLOYED FULL-TIME WITHIN 12 MONTHS OF GRADUATION. 89% OF THOSE EMPLOYED DAY DIVISION GRADUATES WERE IN EMPLOYMENT RELATED TO THEIR MAJOR. 30% OF THE COLLEGE'S DAY DIVISION GRADUATES RECEIVED A JOB OFFER FROM THEIR INTERNSHIP SITE. IN 2009, 60% OF THE ENDICOTT STUDENT BODY PARTICIPATED IN COMMUNITY SERVICE, FOR A TOTAL OF 14,187 COMMUNITY SERVICE HOURS PERFORMED BY 1,205 STUDENTS. THE STATE AND NATIONAL AVERAGE IS 12%. ENDICOTT WAS NAMED TO THE 2009 PRESIDENT'S HIGHER EDUCATION COMMUNITY SERVICE HONOR ROLL: THE HIGHEST FEDERAL RECOGNITION A COLLEGE OR UNIVERSITY CAN RECEIVE FOR ITS COMMITMENT TO SERVICE LEARNING AND CIVIC ENGAGEMENT. PROGRAM SERVICES FORM 990, PART III, LINES 4A-4D LINE 4A *EDUCATION AND AUXILIARY* ENDICOTT'S UNDERGRADUATE COLLEGE OFFERS BACHELOR OF FINE ARTS, BACHELOR OF ARTS, AND BACHELOR OF SCIENCE DEGREES. DAY PROGRAM ENROLLMENT FOR FALL 2009 WAS 2,024 STUDENTS, WITH ANOTHER 134 STUDENTS ENROLLED IN MADRID, SPAIN, MEXICO CITY, MEXICO, AND PAGET, BERMUDA. THE SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES GRANTS ASSOCIATE IN ARTS, ASSOCIATE IN SCIENCE, BACHELOR OF ARTS, BACHELOR OF SCIENCE, MASTER OF EDUCATION, MASTER OF SCIENCE, AND MASTER OF BUSINESS ADMINISTRATION DEGREES. ENROLLMENT IN THE SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES, INCLUDING PROGRAMS IN MADRID, SPAIN, MEXICO CITY, MEXICO, PAGET, BERMUDA, LEYSIN, SWITZERLAND, AND PRAGUE, CZECH REPUBLIC WAS 2,318 STUDENTS. IN ADDITION TO DEGREE PROGRAMS, PROFESSIONAL DEVELOPMENT PROGRAMS AND CONSULTING ARE OFFERED THROUGH THE SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES. ENDICOTT COLLEGE'S ACADEMIC OFFERINGS PROVIDE UNDERGRADUATES WITH AN ENRICHING AND CHALLENGING EDUCATIONAL EXPERIENCE. STUDENTS SELECT FROM A BROAD ARRAY OF MAJOR AND MINOR PROGRAM OFFERINGS WHICH ARE AUGMENTED BY COURSEWORK IN THE LIBERAL ARTS AND REQUIRED EXPERIENTIAL LEARNING OPPORTUNITIES WITHIN THEIR PROFESSIONAL AREAS OF STUDY. THE COLLEGE RESIDENCE HALLS AND DINING SERVICES FOR STUDENTS. LINE 4B *ACADEMIC SUPPORT* ENDICOTT OFFERS STUDENTS VARIOUS PROGRAMS AND FACILITIES TO ENHANCE AND ENCOURAGE THEIR ACTIVE PARTICIPATION IN THE INTELLECTUAL LIFE OF THE COLLEGE AND PROMOTE THEIR SUCCESSFUL PERFORMANCE IN THE CLASSROOM. THIS IS ACCOMPLISHED THROUGH STATE-OF-THE-ART ACADEMIC TECHNOLOGY, THE CENTER FOR TEACHING AND LEARNING, THE DIANE M. HALLE LIBRARY, THE WRITING CENTER, ACADEMIC ADMINISTRATION, AND THE KEYS TO DEGREES SINGLE PARENT PROGRAM. LINE 4C *STUDENT SERVICES* STUDENT SERVICES SUPPORT THE ACADEMIC AND PERSONAL DEVELOPMENT OF EACH STUDENT THROUGH A VARIETY OF OFFICES AND PROGRAMS, INCLUDING STUDENT ACTIVITIES, PERSONAL COUNSELING, HEALTH, COMMUNITY SERVICE, AND ATHLETIC PROGRAMS. EXPERIENCE BEYOND THE CLASSROOM SETTING AFFORDS STUDENTS WITH OPPORTUNITIES TO GAIN A GREATER UNDERSTANDING AND APPRECIATION OF SELF, OTHERS, AND THE WORLD AROUND THEM. THE STUDENT AFFAIRS DIVISION IS DESIGNED TO COMPLEMENT AND SUPPLEMENT THE ACADEMIC EXPERIENCE OF EVERY STUDENT. OTHER FUNCTIONS INCLUDED IN STUDENT SERVICES INCLUDE THE ADMISSIONS, FINANCIAL AID, REGISTRAR, AND CAREER DEVELOPMENT. LINE 4D OTHER PROGRAM SERVICE EXPENSES INCLUDE CONFERENCE AND EDUCATION SERVICES. FAMILY RELATIONSHIPS FORM 990, PART VI, LINE 2 FAMILY RELATIONSHIP: TRUSTEE PAMELA K. SCANGAS AND TRUSTEE PATRICIA A. SCANGAS FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11A THE TAX RETURN INFORMATION IS GATHERED FROM THE FINANCE OFFICE AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG, LLP, INDEPENDENT TAX CONSULTANT. ONCE THE DRAFT TAX RETURN IS FULLY ANALYZED AND REVIEWED BY THE MANAGEMENT TEAM, IT IS PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. A REPRESENTATIVE OF KPMG'S TAX GROUP ATTENDS THE SCHEDULED MEETING TO ENSURE THAT ALL PERSONS HAVE HAD AN OPPORTUNITY TO ASK QUESTIONS AND DISCUSS THE CONTENT OF THE TAX RETURN. FOLLOWING THE FINANCE COMMITTEE REVIEW AND APPROVAL, IT IS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C IN 2010, ENDICOTT'S BOARD OF TRUSTEES APPROVED A REVISED POLICY THAT COVERS BOARD OF TRUSTEE MEMBERS, OFFICERS, AND KEY EMPLOYEES. THOSE COVERED IN THE POLICY ARE REQUIRED TO EXECUTE AND SUBMIT TO THE VICE PRESIDENT OF FINANCE AN ANNUAL STATEMENT THAT ACKNOWLEDGES THEY RECEIVED, READ, AND UNDERSTAND THE CONFLICT OF INTEREST POLICY; THEY UNDERSTAND THAT ENDICOTT COLLEGE IS A NOT-FOR-PROFIT ENTITY WHICH MUST NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS; AND THAT THE COLLEGE MUST BE OPERATED FOR THE PURPOSES STATED IN ITS BYLAWS. THEY AGREE TO COMPLY WITH THE POLICY AND ACKNOWLEDGE THAT, EXCEPT AS INDICATED IN THE SPACE PROVIDED ON THE ANNUAL STATEMENT, THEY HAVE NOTHING TO DISCLOSE THAT IS IN CONFLICT WITH THE ESTABLISHED POLICY. SHOULD ANY CHANGE OCCUR IN THEIR SITUATION, THEY WILL SUBMIT A FURTHER STATEMENT COVERING THE MATTER. THE VICE PRESIDENT OF FINANCE WILL FOLLOW THE PROCEDURES SET FORTH IN THE POLICY FOR ANY STATEMENT THAT INCLUDES A DISCLOSURE OF CONFLICT. WHISTLEBLOWER POLICY FORM 990 PART VI, LINE 13 ENDICOTT COLLEGE'S WEBSITE INCLUDES INFORMATION ON METHODS TO REPORT ON AN ANONYMOUS BASIS ANY ACTIVITY TAKING PLACE WITHIN THE ENDICOTT COMMUNITY THAT IS CONTRARY TO THE IDEALS AND VALUES OF THE COLLEGE. INDIVIDUALS WISHING TO REPORT AN INCIDENT ARE DIRECTED TO (1) CALL A DESIGNATED TELEPHONE NUMBER AND LEAVE A MESSAGE, OR (2) FILL OUT AND SUBMIT AN ONLINE ANONYMOUS REPORTING FORM THAT DOES NOT IDENTIFY THE SENDER. MESSAGES ARE RETRIEVED BY AN ADMINISTRATOR APPOINTED BY THE COLLEGE PRESIDENT AND INVESTIGATED AS DEEMED NECESSARY. ON A PERIODIC BASIS, EXECUTIVE MANAGEMENT CONSIDERS ENGAGEMENT OF A THIRD-PARTY TO PROVIDE WHISTLE BLOWER SERVICES. THUS FAR, ENDICOTT HAS CHOSEN TO NOT DO SO. COMPENSATION POLICY FORM 990 PART VI, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR DUE DILIGENCE OF THE CHIEF EXECUTIVE OFFICER AND SENIOR MANAGEMENT'S COMPENSATION TO ASSURE THAT ENDICOTT COMPLIES WITH IRS REQUIREMENTS FOR NOT-FOR-PROFIT COMPENSATION. THE COMMITTEE REVIEWS AND DISCUSSES COMPENSATION OF COMPARABLE JOBS IN COMPARABLE COLLEGES AND UNIVERSITIES IN THE BOSTON AREA AND NEW ENGLAND. THE PRESIDENT IS COMPENSATED IN ACCORDANCE WITH A MULTI-YEAR COMPENSATION PLAN THAT IS BASED UPON RESEARCH ON COMPENSATION AWARDED TO PRESIDENTS IN SIMILAR INSTITUTIONS, TOGETHER WITH AN APPRAISAL OF THE PRESIDENT'S PERFORMANCE. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD ON AN ANNUAL BASIS. THE CONCLUSIONS AND RECOMMENDATIONS OF THE COMPENSATION COMMITTEE ARE REVIEWED AND APPROVED REGULARLY BY THE FULL BOARD. THE COMPENSATION COMMITTEE ALSO REVIEWS AND GUIDES MANAGEMENT WITH RESPECT TO IMPLEMENTATION OF THE COMPENSATION POLICY FOR ALL OTHER EMPLOYEES. SALARIES ARE REVIEWED AND ADJUSTED ANNUALLY, BASED ON PERFORMANCE (AS MEASURED IN AN ANNUAL PERFORMANCE REVIEW) AND CHANGES IN RESPONSIBILITY. MINUTES OF COMPENSATION COMMITTEE MEETINGS ARE DOCUMENTED. PUBLIC DISCLOSURE FORM 990, PART VI, LINE 19 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND THE FORM 990 IS POSTED AT WWW.GUIDESTAR.ORG. HIGHEST COMPENSATED INDEPENDENT CONTRACTORS PART VII, SECTION B, LINE 1 ENDICOTT COLLEGE DID NOT COMPENSATE ANY INDEPENDENT CONTRACTORS OVER $100,000 FOR PROFESSIONAL SERVICES PROVIDED TO THE COLLEGE. TAX EXEMPT BOND ISSUANCE COSTS SCHEDULE K, LINE 5 BOND ISSUE A: ISSUANCE COSTS $ 441,494 CREDIT ENHANCEMENT $ 75,742 TOTAL $ 517,236 BOND ISSUE B: ISSUANCE COSTS $ 204,482 CREDIT ENHANCEMENT $ 44,123 TOTAL $ 248,605 BOND ISSUE C: ISSUANCE COSTS $ 123,750 TOTAL $ 123,750 ENDICOTT COLLEGE SC-MEXICO CITY CAMPUS RUBEN DARIO NO 30 COL RINCON DEL BOSQUE DEL. MIGUEL HIDALGO MX 11580 999999999 EDUCATION MX N/A N/A NA false false false true false false false false false false false false false false false false false false ENDICOTT COLLEGE SC-MEXICO CITY CAMPUS D