2011-02-15T12:01:32-07:00 2010-06-30 990 2009-07-01 010211781 PRESIDENT AND TRUSTEES OF BATES COLLEGE PRES 2077868339 216 Lane Hall 2 Andrews Rd Lewiston ME 04240 Terry Beckmann 2077868339 2011-02-15 2009 2016-02-24 21:20:13Z Terry Beckmann 216 Lane Hall 2 Andrews Rd Lewiston ME 04240 169044951 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. 40 35 2344 2609 0 -59694 9490917 12162930 90649838 91979827 -38620357 13985635 -210570 -50514 61309828 118077878 20703498 22201521 0 0 53099087 54142371 45724 0 4238772 37694898 36889215 111543207 113233107 -50233379 4844771 383116597 415246199 93708722 105905731 289407875 309340468 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 98857009 22201521 91978190 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' ~1,700 students study abroad at some point during their academic careers at Bates. Co-curricular life is rich: most students participate in club and varsity sports; many participate in performing arts; and almost all students participate in one of more than 90 student-run clubs and organizations. Alumni frequently cite the capacities they developed at Bates for critical 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 gradutation. (1660 students) 0 0 0 98857009 1 1 0 1 0 0 1 1 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 337 0 1 2344 1 1 1 0 0 0 0 0 0 0 0 40 35 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 David S Barlow 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 Ann E Bushmiller 1 X 0 0 0 J Michael Chu 1 X 0 0 0 George W Cole 1 X 0 0 0 Laura Young Connelly 1 X 0 0 0 Darrell W Crate 1 X 0 0 0 Geraldine M FitzGerald 1 X 0 0 0 David L Foster 1 X 0 0 0 Scott D Freeman 1 X 0 0 0 Marjorie Norhrop Friedman 1 X 0 0 0 Stephen M Fuller 1 X 0 0 0 John D Gillespie 1 X 0 0 0 Joel H Goober 1 X 0 0 0 Christopher J Gorayeb 1 X 0 0 0 Elaine T Hansen 40 X X 380996 0 58541 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 David J MacNaughton 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 Jeremy M Sclar 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 Joseph T Willett 1 X 0 0 0 Edmund J Wilson 1 X 0 0 0 Terry J Beckmann 40 X 214467 0 44947 Alice Reich 40 X 210053 0 40767 Eugene Wiemers 40 X 159562 0 34260 Kelly Kerner 40 X 227050 0 54988 Tedd Goundie 40 X 149414 0 44623 Michael Murray 40 X 177983 0 45144 David Aschauer 40 X 167257 0 39203 Thomas Wenzel 40 X 157581 0 31619 Loring Danforth 40 X 151857 0 55092 1996220 0 449184 71 0 1 0 Damon Mechanical Services PO Box 101 Auburn ME 04212 HVAC installation and service 834208 Pizzagalli Construction Company PO Box 2009 South Burlington VT 05407 Construction 412020 Wright-Ryan Construction Inc 10 Danforth Street Portland ME 04101 Construction 358407 JSA Inc 55 Green Street Portsmouth NH 03801 Architect 299878 Hahnel Brothers Co PO Box 1160 Lewiston ME 042431160 Roofing 293960 14 0 0 35596 0 1751786 10375548 1718392 12162930 Student Tuition and Fees 611310 87546566 87546566 0 0 Other Education Programs and Events 611310 2552655 2552655 0 0 Auxiliary 611710 1880606 1880606 0 0 0 0 0 0 91979827 1299782 0 0 1299782 0 0 0 0 0 0 0 0 454740 0 503617 0 -48877 0 -48877 0 0 -48877 55843860 7264104 50422111 0 5421749 7264104 12685853 0 0 12685853 39708 35596 41345 -1637 -1637 0 118077878 91978190 0 13936758 21491110 21491110 710411 710411 1721132 581921 856194 283017 39681465 34669732 2944446 2067287 3921572 3421692 298868 201012 5819492 5004775 499443 315274 2998710 2593445 243824 161441 159518 6395 153123 207056 240 206816 1481493 1481493 1777352 1458030 176810 142512 2810405 2211388 379860 219157 4720249 3541881 1117747 60621 5408713 4798538 594035 16140 1923613 1579146 116949 227518 300330 266408 12682 21240 2863915 2822658 41257 5033732 4794248 239484 333833 4264 329569 Food and Beverage 2637711 2269688 149773 218250 Books, Periodicals and Collections 2049217 1946012 58828 44377 Cost of Sales 1036582 1003324 22690 10568 Equipment Rental & Maintenance 2491576 2251404 179268 60904 Presentations, Publications & Other 1653920 1430299 34167 189454 113233107 98857009 10137326 4238772 17701 18562 9198002 28258942 5762440 5801017 1095987 1207902 0 0 6691213 6805690 455639 449445 2229126 2504714 183715870 57423582 126709227 126292288 40004988 53327651 176649279 174202187 0 14302995 16377801 383116597 415246199 7141606 8171266 3117650 3357135 58090006 68805450 110580 118943 25248880 25452937 93708722 105905731 X 93249764 100902046 68050596 75753976 128107515 132684446 289407875 309340468 383116597 415246199 X 0 1 1 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 183848236 2126729 24566052 4981733 7011752 0 198547532 267220050 1869333 -72712163 5021295 7507689 0 183848236 0.133 0.867 0 1 0 1012947 2514783 3527730 4964802 164010420 52210468 116764754 0 0 0 0 0 11212918 5213114 5999804 0 0 0 0 126292288 174202187 F 174202187 Construction in Progress 4590625 Contributions receivable from charitable remainder trusts 6576832 Beneficial interest in perpetual trusts 5210344 16377801 0 Asset Retirement Obligations 5392495 Bond Premiums 1277692 Split interest agreement and annuity obligations 12488707 Federal Student Loan Funds Repayable 6294043 25452937 118077878 113233107 4844771 15087822 0 0 0 0 15087822 19932593 132229169 15087822 0 0 0 15087822 117141347 1481493 -544962 936531 118077878 112296576 0 0 0 0 0 112296576 1481493 -544962 936531 113233107 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 catalogued, 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_P10_S00_L00 Schedule D, Part X The adoption of FIN No. 48 did not have a material effect on the financial statements. 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 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Pell, Perkins, SEOG, Federal Work Study 1 1 Russia and the newly independent States 2 Program Services Fall Semester Abroad program. 315657 Europe (including Iceland and Greenland) 4 Program Services 5-week short term educational program. 115327 0 6 430984 Need based financial aid for students studying abroad. Europe (including Iceland and Greenland) 46 455872 Checks and wire transfers 0 Need based financial aid for students studying abroad. East Asia and the Pacific 11 90685 Checks and wire transfers 0 Need based financial aid for students studying abroad. Sub-Saharan Africa 9 84466 Checks and wire transfers 0 Need based financial aid for students studying abroad. South Asia 4 36706 Checks and wire transfers. 0 Need based financial aid for students studying abroad. South America 5 31075 Checks and wire transfers 0 Need based financial aid for students studying abroad. Middle East and North Africa 1 11607 Checks and wire transfers 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 the 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. Football Golf Outing 50765 20340 30425 10000 1827 22838 0 0 14 Men's Basketball Golf Outing 18384 12806 5578 0 0 3072 448 0 0 1 6155 2450 3705 0 0 1080 2066 0 0 75304 35596 39708 10000 1827 26990 2514 0 14 41345 -1637 1 Need based financial aid including federal financial aid grants. 753 0 22201521 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 360000 0 0 0 20996 0 28675 0 39964 0 449635 0 0 Kelly Kerner 227000 0 0 0 50 0 26515 0 28539 0 282104 0 0 Terry J Beckmann 211000 0 0 0 3467 0 24595 0 22982 0 262044 0 0 Alice Reich 210000 0 0 0 53 0 24475 0 23558 0 258086 0 0 Eugene Wiemers 160000 0 0 0 0 0 18475 0 15850 0 194325 0 0 Tedd Goundie 154000 0 0 0 0 0 17755 0 34133 0 205888 0 0 Michael Murray 182270 0 0 0 0 0 21148 0 24062 0 227480 0 0 David Aschauer 168840 0 0 0 0 0 19536 0 24765 0 213141 0 0 Thomas Wenzel 129690 0 0 0 27891 0 14838 0 16847 0 189266 0 0 Loring Danforth 127740 0 0 0 24117 0 14604 0 40554 0 207015 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Pursuant to employment agreements and as a condition of employmnent, a campus residence is provided to President Elaine Hansen, Vice President for Academic Affairs and Dean of the Faculty Alice Reich, and Dean of Students Tedd Goundie. Maine Health and Higher Educational Facilities Authority - 2003B 010314384 560425MY3 2003-07-24 3965000 Proceeds used to fund an electronic security access system and a new telephone system. 0 0 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 facility. 0 0 Maine Health and Higher Educational Facilities Authority - 2008D 010314384 5604253L2 2008-12-03 15895000 Proceeds used to extinguish the Series 2000A and 2000B bonds. 0 0 Maine Health and Higher Educational Facilities Authority - 2010A 010314384 560427GZ3 2010-04-22 13600000 Proceeds used to renovate and overhaul two residence halls for academic classrooms and offices. 0 0 4062828 403888 0 0 49450 0 3609490 2004 0 0 1 1 41399910 2506125 0 0 484634 0 38409151 2008 0 0 1 1 15996721 0 15837287 0 159434 0 0 2008 0 1 1 1 13799114 894556 0 11453795 142794 0 1307969 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 30.2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mary Hendersen Pressman Trustee and parent of a student who received a fellowship award. 775 Darrell Crate Trustee also serves as the CFO of the General Partner of a college partnership investment. 13508791 Partnership investment amounts to 5.9% of total college investments. 0 Bruce Stangle Trustee also serves as a board member of an investment trust company. 11608091 Trust company manages two investment vehicles amounting to 5.1% of total college investments. 0 Quoc Tran Trustee also serves as a Partner of an investment company. 6109173 Investment company manages an investment vehicle amounting to 2.7% of total college investments. 0 John Gillespie Trustee also serves as the managing member of an investment company. 3722040 Investment company manages an investment vehicle amounting to 1.6% of total college investments. 0 X 2 0 See Part II X 1 0 See Part II X 0 See Part II X 96 1718392 Exchange Traded Securities X 3 0 See Part II X 11 0 See Part II X 1 0 See Part II 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Exchange traded securities were sold through various brokerage firms. 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_L11 Form 990, Part VI, Section B, Line 11 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. SchK_P01_S00_L00e Schedule K, Part I, Column e The amount on Form 990, Schedule K, Part 1, Column e, represents 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 instutions are as follows: Line A - $60,650,695; Line B - $58,593,636; Line C - $41,658,395; Line D - $99,977,870.