2011-05-05T11:54:37-07:00 2010-06-30 990 2009-07-01 131628149 BARNARD COLLEGE BARN 2128547732 3009 BROADWAY NEW YORK NY 10027 Gregory N Brown 2128542003 2011-02-14 2009 2016-02-24 21:20:13Z Gregory N Brown 3009 Broadway New York NY 10027 192481258 0 X www.barnard.edu X 1889 NY Barnard College aims to provide the highest quality liberal arts education to promising and high-achieving young women, offering the unparalleled advantages of an outstanding residential college in partnership with a major research university. (see Schedule O for Barnard College's mission statement) 27 26 2570 300 0 0 20238278 22343345 110434690 113577673 5329588 3210541 1165761 1409125 137168317 140540684 27411142 26314989 0 0 65996941 68910097 89072 170645 4603506 51282869 49774892 144780024 145170623 -7611707 -4629939 399566317 416148460 146058518 144616423 253507799 271532037 See Schedule O for Barnard College's mission statement. 0 0 97832909 26314989 88140358 Post-Secondary Education: A Barnard education provides women with the tools and techniques needed to think critically and act effectively in the world today. It fosters a respect for learning, an aptitude for analysis, and a competence in the demanding disciplines of the liberal arts and sciences. By virtue of its special mission and location, Barnard women strengthen their insight into interconnected worlds of knowledge and experience and bolster their confidence in forging ahead with their ideas, well-prepared and unafraid. 27751606 0 25437315 Auxiliary Enterprises - Provides services to students for a fee that is directly related to, although not necessarily equal to, the cost of the services. This category includes Housing, Dining Services, Health and Counseling Srevices, and Summer Program. 0 0 0 125584515 1 1 0 0 0 0 1 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 131925 0 1 2570 1 0 1 UK 0 0 0 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Eileen M DiBenedetto 2128547732 3009 Broadway New York NY 10027 Rosa Alonso 5 X 0 0 0 Judith E Boies 5 X 0 0 0 Laura Jacobs Blankfein 5 X 0 0 0 Lee C Bollinger 5 X 0 0 0 Jolyne Caruso Fitzgerald 5 X 0 0 0 Lois G Champy 5 X 0 0 0 Dina Deluca Chartouni 5 X 0 0 0 Lisa S Cohen 5 X 0 0 0 James M Dow 5 X 0 0 0 Binta Niambi Brown 5 X 0 0 0 Joan Freilich 5 X 0 0 0 Nancy A Garvey 5 X 0 0 0 Alison Estabrook 5 X 0 0 0 Linda Fayne Levinson 5 X 0 0 0 Cheryl G Milstein 5 X 0 0 0 Jeanine Plottel 5 X 0 0 0 Anna Quindlen 5 X 0 0 0 William R Reid 5 X 0 0 0 Frances l Sadler 5 X 0 0 0 Ravi Singh 5 X 0 0 0 Cynthia Stivers 5 X 0 0 0 Maureen Strafford 5 X 0 0 0 Zahava B Straus 5 X 0 0 0 Diana T Vagelos 5 X 0 0 0 Ronald D Liebowitz 5 X 0 0 0 Eileen Lee Moy 5 X 0 0 0 Hilda Applbaum 5 X 0 0 0 Debora Spar 40 X X 377200 0 97027 Gregory N Brown 40 X 224743 0 42059 Michael S Feierman 40 X 155834 0 49753 Elizabeth S Boylan 40 X 221328 0 45323 Dorothy S Denburg 40 X 166210 0 61143 Roberta Mark 40 X 224099 0 39381 Lisa Gamsu 40 X 169931 0 33262 Joanne Kwong 40 X 127986 0 30365 Vivian Taylor 40 X 107688 0 32296 Rae Silver 40 X 282860 0 53490 Robert McCaughey 40 X 191050 0 39636 Peter Balsam 40 X 188002 0 44170 Walter Newman 40 X 184111 0 37525 Robert Remez 40 X 196083 0 42508 Judith Shapiro 20 X 183442 0 31769 3000567 0 679707 113 1 1 0 Weiss Manfredi Architects 130 West 29th Street New York NY 10012 Architectural Service 874380 KPMG LLP Dept 0511 PO Box 120001 Dallas TX 753120511 Auditing Service 179100 Putney Twombly Hall & Hirson 521 Fifth Avenue New York NY 10175 Legal Service 147376 Rosenberg and Estis PC 733 Third Avenue New York NY 10017 Legal Service 107680 4 0 0 1694098 0 4908011 15741236 1595971 22343345 Tuition and Fees 900099 87863651 87863651 0 0 Sales and Services Auxiliary Enterprise 900099 25437315 25437315 0 0 Toddler Center 900099 276707 276707 0 0 0 0 0 0 113577673 1035213 1035213 0 0 28734 28734 0 0 0 0 0 0 1706437 0 1085308 0 621129 0 621129 621129 0 0 52890238 0 50743644 0 2146594 0 2146594 2146594 0 0 64050 1694098 111622 -47572 -47572 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Alumnae Reunion 900099 116630 116630 0 0 Admin. Cost Allowance 900099 46534 46534 0 0 Legal/Insurance Settlements 900099 336994 336994 335410 335410 0 0 835568 140540684 118197339 0 0 0 0 25983869 25983869 331120 331120 0 0 2385986 543386 1561008 281592 0 0 0 0 48621611 41568832 4475521 2577258 5428496 4551414 599624 277458 8153164 6986300 687711 479153 4320840 3556635 532804 231401 0 0 0 0 232566 24926 207640 0 252440 0 252440 0 0 0 0 0 170645 170645 671429 0 671429 0 0 0 0 0 0 0 0 0 4878143 3136913 1495373 245857 2920095 1350172 1559935 9988 0 0 0 0 12838430 11597861 1169858 70711 795371 649694 130936 14741 0 0 0 0 743291 670363 71950 978 4151062 4151062 0 0 0 0 0 0 6580506 6048492 478054 53960 471076 357993 113083 0 Study Abroad 2479089 2479089 0 0 Student Board 4535917 4535917 0 0 Columbia Agreements 4622961 4622961 0 0 Catering 845449 410303 363219 71927 Consultant 1011161 385750 517782 107629 1745906 1641463 94235 10208 145170623 125584515 14982602 4603506 30358076 28290655 0 0 24700097 20670060 78834 68019 0 0 0 0 4067709 3977429 1005041 978087 3110458 3024822 273324892 121977093 138058106 151347799 17530036 12381445 155124686 179504792 23383561 12411910 0 0 2149713 3493442 399566317 416148460 15558025 14620759 2255229 2237949 3738441 3868468 105447833 103265132 0 0 0 0 1375742 1186258 0 0 17683248 19437857 146058518 144616423 X 52197174 87279673 88908382 70334669 112402243 113917695 253507799 271532037 399566317 416148460 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 0 165305949 2562445 25699698 3297095 5584906 671429 184014662 212711700 1930101 -39167089 5113537 4235462 819764 165305949 0.24 0.61 0.15 1 0 0 1233967 1233967 0 243579665 98586827 144992838 0 0 0 0 0 27756425 23133724 4622701 0 754835 256542 498293 151347799 0 0 Private Equity / Real Estate 46133404 F Fixed Income 13054892 F Marketable Alternative (ie - Hedge Fund) 52223950 F Global Equity 50389957 F Mutual Fund 5335781 F Emerging Markets 12366808 F 179504792 Deposit With Trustees 12411910 F 12411910 Accrued Interest Receivable 8581 Other Miscellaneous Receivable 3484861 3493442 0 Liability under split interest agreements 4263246 Postretirement benefits obligation 11997474 Asset retirement obligations 1905790 Change in value of obligation under derivative instrument 1271347 19437857 140540684 145170623 -4629939 22654177 0 0 0 0 22654177 18024238 118081872 5836480 0 0 0 5836480 112245392 0 28295292 28295292 140540684 117676089 0 0 0 831202 831202 116844887 671429 27654307 28325736 145170623 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The College has elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of art or historical treasures. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The art and historical treasures primarily consist of paintings and drawings maintained for the preservation for future generations. At June 30, 2010 the value of such assets of the College were $101,000. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment consists of 788 individual funds established for a variety of purposes, including both donor-restricted endowment funds and funds designated by the College to function as endowments (quasi-endowments). Annual spending from the endowment is set at 5% of the rolling three year average of the endowment's market value as of December 31st of the previous year and is approved annually by the Board of Trustees. The annual spending from the endowment for the fiscal year ended December 31, 2010 was $8,882,001. This spending was used in accordance with donor or Board restrictions. The donor and Board restrictions include the financial aid, instructional support, student internships, faculty research and support, and general operations of the College. The endowment funds listed in 1a through 1g exclude perpetual trusts and pledges of $1,308,046 at June 30, 2010. The perpetual trusts are held and administered for Barnard College by unrelated organizations. SchD_P10_S00_L00 Schedule D, Part X The College follows the guidance of ASC 740-10, Accounting for Uncertainty in Income Taxes, which addresses the accounting for uncertainties in income taxes recognized in an enterprise's financial statements. The College utilizes a threshold for 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 the measurement, classification, interest and penalties, and disclosures. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other consists of Contributions to endowment funds $1,504,466, Contributions for plant improvements $1,011,194, Change in value of split interest agreements $295,845, Financial aid allowance $26,314,989, interest income from tax exempt bonds $28,734, Fundraising events expense ($111,622), legal and insurance settlements $336,994 and rental expense for non program service areas ($1,085,308). SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Other consists of the interest income from tax exempt bonds ($28,734), fundraising event expense $111,622, legal and insurance settlements of ($336,994) and rental expense for non program services areas $1,085,308. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other consists of Financial aid allowance $26,314,989, Change in value of obligation under derivative instrument $157,671 and Postretirement benefit cost other than net periodic benefit cost $1,181,647. 1 1 0 Since Barnard College draws its students from a large geographic section (nationwide and worldwide), it does not publicize by newspaper or broadcast media, but includes its nondiscriminatory policy in all of its literature to students, schools and organizations. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Barnard College receives funds from the following federal programs: College Federal Work Study, Basic Educational Opportunity Grants (Pell), Supplementary Educational Opportunity Grants, Federal Perkins Loans, Academic Competitveness Grant, National SMART Grant, and Higher Education Opportunity Grant. 1 Central America and the Caribbean Investments Central America and the Caribbean Program Services Research 21973 East Asia and the Pacific Program Services Admissions 1758 East Asia and the Pacific Program Services Research 75683 East Asia and the Pacific Program Services Confrence 8470 Europe (including Iceland and Greenland) Program Services Study Abroad 614368 Europe (including Iceland and Greenland) Program Services Admission 2157 Europe (including Iceland and Greenland) Program Services Research 5943 Europe (including Iceland and Greenland) Program Services Conferences 4202 Europe (including Iceland and Greenland) Program Services Instruction 16288 Middle East and North Africa Program Services Study Abroad 35303 Middle East and North Africa Speaking at Seminars or Conferences 56434 Middle East and North Africa Program Services Advising Students 5264 Middle East and North Africa Program Services Advising Students 3921 Russia and the newly independent States Program Services Research 5395 South America Program Services Admissions 4043 South Asia Program Services Admissions 5500 South Asia Program Services Research 24579 Sub-Saharan Africa Program Services Research 3090 0 0 894371 Institutional Grant used for tuition and room Central America and the Caribbean 2 41493 Other Institutional Grant used for tuition and room East Asia and the Pacific 1 44482 Other Institutional Grant used for tuition and room Europe (including Iceland and Greenland) 3 87366 Institutional Grant used for tuition and room North America (including Canada and Mexico, but not the United States) 2 28093 Other Institutional Grant used for tuition and room South America 3 82454 Other Institutional Grant used for tuition and room Sub-Saharan Africa 1 47232 Other SchF_P01_S00_L03 Schedule F, Part I, Line 3 The College's endowment includes investments in private partnerships that are domiciled in the Cayman Islands. These are not investments in companies or partnerships in Central America and the Caribbean but in global investments that are held in Cayman Island partnerships. X X X X X X X 1 Wallace and Washburn Assoc Research 0 0 9600 -9600 Strategic Fundraising Solution Research 0 0 50000 -50000 The Williams Club Event Mgt 0 0 8720 -8720 Buckley Hall Events Event Mgt 0 1758148 67500 1690648 Karen Schwartz Correspondence 0 0 27825 -27825 Tedesco and Affiliates LLc Event Mgt 0 0 7000 -7000 1758148 170645 1587503 CA CT DC NJ NY Scholarship Gala 1758148 1694098 64050 0 0 0 88126 0 23496 0 0 1758148 1694098 64050 0 0 0 88126 0 23496 111622 -47572 1 Barnard Grants for Tuition/Board Assistance 973 24670125 Basic Educational Opportunity Grants (Pell) 461 1964094 Federal College Work Study 327 300871 Supplementary Educational Opportunity Grants 194 380391 Higher Education Opportunity Grant 100 193000 Academic Competitiveness Grant 201 199025 National Smart Grant 41 147000 Stipends / Honorarium 65 93457 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All Federal financial aid administered by Barnard College is based on demonstrated need as determined by the Federal Methodology formula. However for institutional aid is determined using a Barnard Need Analysis formula which takes into consideration all sources of income and all assets. Barnard gives no merit on scholarships. The College believes that the primary responsibility for financing educational cost rests with each student's family, and all college aid is supplementary to family resources. Once need has been established, Barnard makes every effort to meet the need of all eligible students with a combination of grants, loans and employment opportunities. A student who is admitted to Barnard with financial aid can guaranteed college grants for future years. Awards are for academic year only. A student can receive Barnard aid for a maximum of eight semesters. Each semester a student is enrolled is counted towards the eight of eligibility whether or not aid was received. No financial aid is given for summer study. If a student has room in her academic year financial aid package and has not already borroowed the maximum loans, these funds may be borrowed during the academic year to be used for classed the following summer. For financiall statement purposes, the Pell grant award of 1,964,094 are excluded. X X X X 1 0 0 0 0 0 0 0 0 Debora Spar 377200 0 0 0 0 0 0 0 97027 0 474227 0 0 0 Gregory N Brown 224743 0 0 0 0 0 0 0 42059 0 266802 0 0 0 Michael S Feierman 155834 0 0 0 0 0 0 0 49753 0 205587 0 0 0 Elizabeth S Boylan 221328 0 0 0 0 0 0 0 45323 0 266651 0 0 0 Dorothy S Denburg 166210 0 0 0 0 0 0 0 61143 0 227353 0 0 0 Roberta Mark 224099 0 0 0 0 0 0 0 39381 0 263480 0 0 0 Lisa Gamsu 169931 0 0 0 0 0 0 0 33262 0 203193 0 0 0 Rae Silver 282860 0 0 0 0 0 0 0 53490 0 336350 0 0 0 Robert McCaughey 191050 0 0 0 0 0 0 0 39636 0 230686 0 0 0 Peter Balsam 188002 0 0 0 0 0 0 0 44170 0 232172 0 0 0 Walter Newman 184111 0 0 0 0 0 0 0 37525 0 221636 0 0 0 Robert Remez 196083 0 0 0 0 0 0 0 42508 0 238591 0 0 0 Judith Shapiro 183442 0 0 0 0 0 0 0 31769 0 215211 0 0 0 SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Judith Shapiro received severance payment. Dormitory Authority of the State of New York 146000293 64983U7Q7 2004-02-04 28880374 See Schedule O 0 0 Dormitory Authority of the State of New York 146000293 649903NL1 2007-07-11 50184096 See Schedule O 0 0 Dormitory Authority of the State of New York 146000293 649903ZP9 2008-04-24 28040000 See Schedule O 0 0 28880374 1206379 0 0 932402 0 27947972 2004 0 0 1 1 50184096 2942214 23106538 0 930843 0 26146715 2010 1 0 1 1 28040000 0 27612953 0 427953 0 0 2010 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 HSBC 7 0 0 0 X 92 1595971 Mean Mkt Price 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b All gifts of publicly traded securities are remitted to the College's Custodians, JP Morgan Chase or State Street Bank, depending on the nature of the gift.. Both custodians, with the authority from Barnard College, sell the publicly traded securities upon receipt. The number of contributions listed in column b for part I represents the actual number of contributions as opposed to the number of items received. F990_P03_S00_L01 Form 990, Part III, Line 1 Barnard College aims to provide the highest quality liberal arts education to promising and high-achieving young women, offering the unparalleled advantages of an outstanding residential college in partnership with a major research university. With a dedicated faculty of scholars distinguished in their respective fields, Barnard is a community of accessible teachers and engaged students who participate together in intellectual risk-taking and discovery. Barnard students develop the intellectual resources to take advantage of opportunities as new fields, new ideas, and new technologies emerge. They graduate prepared to lead lives that are professionally satisfying and successful, personally fulfilling, and enriched by love of learning. As a college for women, Barnard embraces its responsibility to address issues of gender in all of their complexity and urgency, and to help students achieve the personal strength that will enable them to meet the challenges they will encounter throughout their lives. Located in the cosmopolitan urban environment of New York City, and committed to diversity in its student body, faculty and staff, Barnard prepares its graduates to flourish in different cultural surroundings in an increasingly inter-connected world. The Barnard community thrives on high expectations. By setting rigorous academic standards and giving students the support they need to meet those standards, Barnard enables them to discover their own capabilities. Living and learning in this unique environment, Barnard students become agile, resilient, responsible, and creative, prepared to lead and serve their society. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 The Board of Trustees has one family relationship among its members, Mr. William Reid and Mrs. Mary Louise Reid are son and mother. Mr. Reid is an active board member with voting rights. Mrs. Reid is a Trustee Emerita without voting rights. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Form 990 is reviewed by the Asst. Vice President of Finance / Controller, the Chief Operating Officer, The President and the Committee on Audit and Compliance. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The policy and disclosure statement is distributed annually to each Trustee who shall read the policy, disclosure statement and sign the certification agreeing to be bound by the policy and return the disclosure statement to the Secretary of the Board. The statements are reviewed by the College's General Counsel. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Compensation Committee of Barnard College's Board of Trustees is responsible for determining and approving the compensation of the College's President (CEO) and other top management officials including the: Chief Operating Officer, General Counsel, Dean of the College, Provost, Vice President for Development, Vice President for Communications and the Vice President for Administration. The Compensation Committee is provided with comparable data from the higher education industry and uses that data to determine the compensation levels on an annual basis. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College discloses its audited financial statements and its conflict of interest policies on its website at the following links : www.barnard.edu/opir, http://barnard.edu/hr/policies_conflict.html, and http://barnard.edu/provost/policies/conflictpolicy.html, respectively. SchK_P01_S00_L00a Schedule K, Part I, Column a The Series 2007A Bonds were issued (i) to refund the outstanding portion of the Dormitory Authority's Barnard College Insured Revenue Bonds, Series 1996 (the "Series 1996") maturing on and after July 1, 2008, (ii) to pay for the Costs of the Series 2007 Project (as defined hereinafter), (iii) to pay a portion of the interest on the Series 2007A Bonds and (iv) to pay the Costs of Issuance of the Series 2007A Bonds, including a portion of the premium for the municipal new issue bond insurance policy. The Series 2007 Project consisted of the demolition of an existing facility and construction of a new, approximately 100,000 gross square foot multi-purpose facility to be located at 3023 Broadway, to include a theatre with seating for approximately 100, special event space for seating for approximately 500, a central reading room, computer technology center, student services offices, club space, student union, classrooms, food services venues and academic departments; and (ii) campus-wide renovation and maintenance projects at various buildings. As noted above, a portion of the Series 2007A Bonds were used to refund the Series 1996 Bonds the proceeds of which were used to (A) refund the College's loans under the Dormitory Authority's College and University Variable/Fixed Rate Insured Revenue Bonds (1985 Pooled Capital Program), the proceeds of which were used to finance the construction of Sulzberger Hall, and (B) to repair, renovate and upgrade various buildings at Barnard College. SchK_P01_S00_L00b Schedule K, Part I, Column b The Series 2008 Bonds were issued for the purpose of providing funds, which together with other available monies, will be used (i) to refund and defease the outstanding Dormitory's Barnard College Insured Revenue Bonds, Series 2007B (the "Series 2007B") and (ii) to pay the Costs of Issuance of the Series 2008 Bonds. The proceeds of the Series 2007B were used to finance a portion of the cost (i) of the "Nexus" project consisting of the demolition of an existing facility and construction of a new, approximately 100,000 gross square foot multi-purpose facility to be located at 3023 Broadway, to include a theatre with seating for approximately 100, special event space for seating for approximately 500, a central reading room, computer technology center, student services offices, club space, student union, classrooms, food services venues and academic departments; and (ii) campus-wide renovation and maintenance projects at various buildings. SchK_P01_S00_L00c Schedule K, Part I, Column c The Series 2004 Bonds were issued (i) to pay for the Costs of the Series 2004 Project (as defined hereafter), (ii) to pay a portion of the interest on the Series 2004 Bonds and (iii) to pay the Costs of Issuance of the Series 2004 Bonds, including the premium for the municipal bond insurance policy. The Series 2004 Project, known as Cathedral Gardens, consisted of the acquisition by Barnard College of five condominium units to be used primarily to provide residential space for 91 students and 26 faculty apartments. The five condominium units, together with related rights comprise approximately 66,000 square feet in a building located near the corner of 110th Street and Manhattan Avenue.