GOUCHER COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- GOUCHER COLLEGE (EIN 52-0591613)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201131339349305363
- Schema version
- 2009v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T13:49:59-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520591613 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOUCHER COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GOUC | NameControl |
| Phone | 4103376000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1021 Dulaney Valley Road | AddressLine1 |
| City | Baltimore | City |
| State | MD | State |
| ZIP Code | 21204 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | W Thomas Phizacklea | Name |
| Title | VP for Finance | Title |
| Phone | 4103376000 | Phone |
| Date Signed | 2011-05-13 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Sanford J Ungar | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1021 Dulaney Valley Road | AddressLine1 |
| City | Baltimore | City |
| State | MD | State |
| ZIP Code | 21204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 142169954 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.goucher.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1885 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | Goucher College is dedicated to a liberal arts education that prepares students within a broad, global perspective for a life of inquiry, creativity, and critical and analytical thinking. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 47 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 46 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1822 | TotalNbrEmployees |
| Total Nbr Volunteers | 996 | TotalNbrVolunteers |
| Total Gross UBI | 442348 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -147073 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10266055 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12035615 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 61478771 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 63521974 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2979506 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2987788 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2231326 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2009866 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 70996646 | TotalRevenuePriorYear |
| Total Revenue Current Year | 80555243 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 17815751 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 19374572 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 36932903 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 36100262 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3056766 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 24789050 | OtherExpensePriorYear |
| Other Expenses Current Year | 25408116 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 79537704 | TotalExpensesPriorYear |
| Total Expenses Current Year | 80882950 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -8541058 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -327707 | RevenuesLessExpensesCY |
| Total Assets BOY | 322737000 | TotalAssetsBOY |
| Total Assets EOY | 327219000 | TotalAssetsEOY |
| Total Liabilities BOY | 113720000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 106289000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 209017000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 220930000 | NetAssetsOrFundBalancesEOY |
| Mission Description | Goucher College is dedicated to a liberal arts education that prepares students within a broad, global perspective for a life of inquiry, creativity, and critical and analytical thinking. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 59429569 | Expense |
| Grants | 18804177 | Grants |
| Revenue | 57758933 | Revenue |
| Description | The college provided an undergraduate Arts and Sciences education to 1,481 students. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4737528 | Expense |
| Grants | 570395 | Grants |
| Revenue | 4798947 | Revenue |
| Description | The college provided a graduate education to 798 students. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 407053 | Expense |
| Grants | 0 | Grants |
| Revenue | 634599 | Revenue |
| Description | The college provided credit and non-credit continuing studies course work for approximately 100 participants. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 599052 | Expense |
| Grants | 0 | Grants |
| Revenue | 329495 | Revenue |
| Description | The college provided summer educational experiences for 1,887 participants. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 599052 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 329495 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 65173202 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 308 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1822 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 47 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 46 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Ronald Alex Antkowiak | NamePerson |
| Telephone Number | 4103376060 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1021 Dulaney Valley Road | AddressLine1 |
| City | Baltimore | City |
| State | MD | State |
| ZIP Code | 21204 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (71 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Kimara Leigh Ahnert 91 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Bruce D Alexander | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Joe N Ballard | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Patricia Kay Batza 91 | ||||||||
| Trustee | 8.00 | X | 0 | 0 | 0 | |||
| David I Bavar | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Jeanne V Beekhuis 49 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Ethel Weber Berney 46 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| John M Bond Jr | ||||||||
| Trustee | 8.00 | X | 0 | 0 | 0 | |||
| Winifred Cohn Borden 66 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Edward F Brennan P07 | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Robert Lee Bull Jr 93 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Suzanne Fineman Cohen 56 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| William Couper P03 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Harold Charles Donofrio Jr | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Pierce B Dunn | ||||||||
| Trustee | 3 | X | 0 | 0 | 0 | |||
| Susanne D Emory 56 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Janet T Farrell 73 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Lynn Toby Fisher 71 | ||||||||
| Trustee | 3 | X | 0 | 0 | 0 | |||
| Hilda E Ford | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Norma Lynn Fox 76 | ||||||||
| Trustee | 3 | X | 0 | 0 | 0 | |||
| Elaine K Freeman | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Ronald E Geesey | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Ann Burgunder Greif 39 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Alice Falvey Greif 51 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Edmund F Haile | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Carla Diane Hayden | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Katherine E Healy | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Sally M Herman 68 | ||||||||
| Trustee | 3 | X | 0 | 0 | 0 | |||
| Ellen Lipton Hollander 71 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Fern Karesh Hurst 68 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Miriam Brown Hutchins 73 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mary Bloom Hyman 71 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Joan Jones 77 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Miriam E Katowitz 73 | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Elizabeth K Knight 09 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Dorothy B Krug 41 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Florence Beck Kurdle 61 | ||||||||
| Trustee | 16 | X | 0 | 0 | 0 | |||
| Ruth Shapiro Lenrow 74 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| David Richard Loevner | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Nancy Helen Marcus 72 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Sally J Michel 60 | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Michiko Yoshida Mitarai 66 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Percy Thomas Moore 95 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Thomas O Nuttle | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Daniel Isaac Phillips 07 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Anica Donnan Rawnsley 51 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Russell R Reno Jr | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| William E Pugh II 94 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Maria Amelia Rodriguez 49 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Henry A Rosenberg Jr | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Mary Katherine S Scheeler 49 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Robin Fogel Shaivitz 72 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| SaraKay Sherman Smullens 62 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| J Richard Thomas Sr | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| George E Thomsen | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Marlene Trestman 78 | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Barbara Elise Van Winkle 76 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Theodore Venetoulis | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Marilyn Southard Warshawsky 68 | ||||||||
| Trustee | 8.00 | X | 0 | 0 | 0 | |||
| Toby Wertheim 68 | ||||||||
| Trustee | 2 | X | 0 | 0 | 0 | |||
| Margaret Messler Winslow 69 | ||||||||
| Trustee | 3 | X | 0 | 0 | 0 | |||
| Margaret Wood 08 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Toni Perlman Young 67 | ||||||||
| Trustee | 1 | X | 0 | 0 | 0 | |||
| Sanford J Ungar | ||||||||
| President | 40 | 524983 | 0 | 72817 | X | |||
| W Thomas Phizacklea | ||||||||
| Vice President for Finance | 40 | 163215 | 0 | 20223 | X | |||
| Marc Roy | ||||||||
| Provost | 40 | 176510 | 0 | 22726 | X | |||
| Gail Edmonds | ||||||||
| Vice President and Dean of Students | 40 | 131814 | 0 | 8363 | X | |||
| William Leimbach | ||||||||
| Vice President for Technology & Planning | 40 | 147938 | 0 | 9458 | X | |||
| Janet Mulderrig | ||||||||
| Vice President for Develoment & Alumnae Affairs | 40 | 149555 | 0 | 9560 | X | |||
| Lajerne Cornish | ||||||||
| Professor | 40 | 125502 | 0 | 6234 | X | |||
| George Delahunty | ||||||||
| Professor | 40 | 124099 | 0 | 11817 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1543616 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 161198 | TotalOtherCompensation |
| Number Individuals GT100 K | 30 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| The Whiting-Turner Contracting Company | |||||
| 14900 Conference Center Drive | Chantilly | VA | 20151 | General contracting services | 15509070 |
| Bon Appetit Management Co | |||||
| 1021 Dulaney Valley Road | Baltimore | MD | 21204 | Food service provider | 3908565 |
| BENU Inc | |||||
| PO Box 60000 | San Francisco | CA | 94160 | Insurance brokerage services | 1522878 |
| Benefit Design Group LLC | |||||
| 600 Washington Avenue | Towson | MD | 21204 | Architectural Services | 1899462 |
| Constellation NewEnergy Inc | |||||
| PO Box 414578 | Boston | MA | 022414578 | Energy Service Provider | 1285741 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 29 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 2365262 | GovernmentGrants |
| All Other Contributions | 9670353 | AllOtherContributions |
| Noncash Contributions | 2062359 | NoncashContributions |
| Total Contributions | 12035615 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Undergraduate tuition, room and board | 611310 | 57758933 | 57758933 | 0 | $0 |
| Graduate tuition, room and board | 611310 | 4798947 | 4798947 | 0 | $0 |
| Continuing education program | 611310 | 634599 | 634599 | 0 | $0 |
| Summer school programs | 611310 | 329495 | 329495 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 63521974 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 65965 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $65,965 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 62824060 | Securities |
| Other | 1712474 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 60413777 | Securities |
| Other | 1200934 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2410283 | Securities |
| Other | 511540 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2921823 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,921,823 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2009866 | TotalRevenueColumn |
| Related Or Exempt Function Income | 101386 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 442348 | UnrelatedBusinessRevenue |
| Exclusion | $1,466,132 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2009866 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 80555243 | TotalRevenueColumn |
| Related Or Exempt Function Income | 63623360 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 442348 | UnrelatedBusinessRevenue |
| Exclusion | $4,453,920 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19374572 | Total |
| Program Services | 19374572 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1246853 | Total |
| Program Services | 356474 | ProgramServices |
| Management And General | 601509 | ManagementAndGeneral |
| Fundraising | 288870 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28532187 | Total |
| Program Services | 21452624 | ProgramServices |
| Management And General | 5681753 | ManagementAndGeneral |
| Fundraising | 1397810 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 515720 | Total |
| Program Services | 387757 | ProgramServices |
| Management And General | 102698 | ManagementAndGeneral |
| Fundraising | 25265 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3756046 | Total |
| Program Services | 2847865 | ProgramServices |
| Management And General | 727752 | ManagementAndGeneral |
| Fundraising | 180429 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2049456 | Total |
| Program Services | 1540934 | ProgramServices |
| Management And General | 408118 | ManagementAndGeneral |
| Fundraising | 100404 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5322 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 5322 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65000 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 65000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17384 | Total |
| Management And General | 17384 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 709000 | Total |
| Management And General | 709000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1299790 | Total |
| Program Services | 924117 | ProgramServices |
| Management And General | 227032 | ManagementAndGeneral |
| Fundraising | 148641 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 284434 | Total |
| Program Services | 151103 | ProgramServices |
| Management And General | 55038 | ManagementAndGeneral |
| Fundraising | 78293 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3212033 | Total |
| Program Services | 1977762 | ProgramServices |
| Management And General | 1060544 | ManagementAndGeneral |
| Fundraising | 173727 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 504897 | Total |
| Program Services | 119224 | ProgramServices |
| Management And General | 376206 | ManagementAndGeneral |
| Fundraising | 9467 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4231084 | Total |
| Program Services | 3041477 | ProgramServices |
| Management And General | 1189607 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1454022 | Total |
| Program Services | 1174185 | ProgramServices |
| Management And General | 10358 | ManagementAndGeneral |
| Fundraising | 269479 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 375598 | Total |
| Program Services | 363990 | ProgramServices |
| Management And General | 5972 | ManagementAndGeneral |
| Fundraising | 5636 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3208973 | Total |
| Program Services | 3208973 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5454463 | Total |
| Program Services | 4363570 | ProgramServices |
| Management And General | 818169 | ManagementAndGeneral |
| Fundraising | 272724 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387069 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 387069 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Food service costs | 3530078 | 3530078 | 0 | 0 |
| Food | 405412 | 276880 | 36535 | 91997 |
| Staff development costs | 13968 | 2314 | 11654 | 0 |
| Dues and memberships | 249589 | 79303 | 156262 | 14024 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80882950 | Total |
| Program Services | 65173202 | ProgramServices |
| Management And General | 12652982 | ManagementAndGeneral |
| Fundraising | 3056766 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14695000 | BOY |
| EOY | 8433000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4903000 | BOY |
| EOY | 3409000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2426000 | BOY |
| EOY | 2221000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2792000 | BOY |
| EOY | 2728000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 966000 | BOY |
| EOY | 905000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 197565000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 63007000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128646000 | BOY |
| EOY | 134558000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121034000 | BOY |
| EOY | 124453000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34205000 | BOY |
| EOY | 40089000 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5645000 | BOY |
| EOY | 2357000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7425000 | BOY |
| EOY | 8066000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 322737000 | BOY |
| EOY | 327219000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11874000 | BOY |
| EOY | 5812000 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3222000 | BOY |
| EOY | 3611000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85055000 | BOY |
| EOY | 82057000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13569000 | BOY |
| EOY | 14809000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113720000 | BOY |
| EOY | 106289000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62540000 | BOY |
| EOY | 79003000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73201000 | BOY |
| EOY | 66367000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73276000 | BOY |
| EOY | 75560000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209017000 | BOY |
| EOY | 220930000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 322737000 | BOY |
| EOY | 327219000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $6,391 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $10,993 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 17384 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchC_P2B_S00_L01 | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| Explanation | The college paid membership dues of $68,709 in the aggregate to the National Association of Independent Colleges and Universities (NAICU) and to the Maryland Independent Colleges and Universities Association (MICUA), both of which engage in lobbying activity. MICUA allocated sixteen percent of the dues paid to it to engage in nondeductible lobbying and to make political expenditures. Accordingly, the college has reported as expense for lobbying activity an amount equal to sixteen percent of membership dues paid on line 1i. | Explanation |
Schedule D IRS990ScheduleD
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | Education | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 149443000 | BeginningOfYearBalance |
| Contributions | 3471000 | Contributions |
| Investment Earnings Or Losses | 15739000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3241000 | GrantsOrScholarships |
| Other Expenditures | 7037000 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 158375000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 201483000 | BeginningOfYearBalance |
| Contributions | 3165000 | Contributions |
| Investment Earnings Or Losses | -45127000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3061439 | GrantsOrScholarships |
| Other Expenditures | 7016561 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 149443000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.2 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.8 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 10265000 | OtherCostOrOtherBasis |
| Book Value | 10265000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 157464000 | OtherCostOrOtherBasis |
| Depreciation | 43611000 | Depreciation |
| Book Value | 113853000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 29620000 | OtherCostOrOtherBasis |
| Depreciation | 19396000 | Depreciation |
| Book Value | 10224000 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 216000 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 216000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 134558000 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 16070000 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 24019000 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 40089000 | TotalOfBookValueSecurities |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Deposits with Bond Trustee | Description |
| Book Value | 2357000 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 2357000 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Split Interest Agreement | Description |
| Book Value | 8066000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8066000 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Other long term liablities | $1,138,000 |
| Refundable advances from the U.S. Government | $2,342,000 |
| Payables and deferred revenues under split interest agreements | $1,222,000 |
| Asset retirement obligation | $2,272,000 |
| Obligation under interest rate swap agreement | $7,835,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 14809000 | TotalOfAmounts |
| Total Revenue | 80555243 | TotalRevenue |
| Total Expenses | 80882950 | TotalExpenses |
| Excess Or Deficit For Year | -327707 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 5892000 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $6,348,706 | OtherAmount |
| Total Adjustments | 12240706 | TotalAdjustments |
| Excess Or Deficit Per FS | 11912999 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 68783000 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 10278000 | OtherRevenues |
| Revenue Not Rptd F990 | 10278000 | RevenueNotRptdF990 |
| Revenue Subtotal | 58505000 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 22050243 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 22050243 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 80555243 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 61046000 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 156 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 156 | ExpensesNotRptdF990 |
| Expenses Subtotal | 61045844 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 709000 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 19128106 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 19837106 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 80882950 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P03_S00_L01 | Schedule D, Part III, Line 1 | The college did not disclose its collection and related policies in its financial statements. |
| SchD_P03_S00_L04 | Schedule D, Part III, Line 4 | The Goucher College art collection comprises works of fine art and decorative art, including two-dimensional and three-dimensional art objects and miscellaneous objects of value, which are owned by the college and are housed in buildings or on the campus grounds of Goucher College, or are loaned by the college to other institutions. The collection includes sculptures, prints, photographs, drawings, paintings and other artistic objects. The collection is used for scholarly research, education, and public exhibition in the furtherance of the exempt purposes of the college. |
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | The endowment of Goucher College generates income to support the college both generally and in specific ways designated by our generous donors. Income, allocated across approximately 700 endowment funds, supports both merit and need-based scholarships of undergraduate and graduate students; undergraduate and graduate fellowships; undergraduate and graduate internships; lectureships; the college library; as well as the college's general operating budget. |
| SchD_P10_S00_L00 | Schedule D, Part X | The College is qualified as a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, the College is not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. No provision for income taxes was required for fiscal 2010 or 2009. |
| SchD_P11_S00_L08 | Schedule D, Part XI, Line 8 | A decrease of $1,716,000 is from the change in fair value of interest rate swap agreements, and an increase of $8,065,177 is the net of (a) $10,278,000 in appropriation of endowment assets for expenditure plus $709,000 of investment expenses reported on line 11f of Part IX minus (b) $2,921,823 in realized gains from investments reported on line 3 of the Form 990, Part VIII. This amount reflects a $471 rounding adjusmtent. |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Endowment assets appropriated for expenditure |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | $19,128,106 of tuition discount reported as a contra-revenue in the audited financial statements was moved to the statement of functional expenses. $2,921,823 of realized gains from investments reported below the line in "other." This amount reflects a $314 rounding adjustment. |
| SchD_P13_S00_L02d | Schedule D, Part XIII, Line 2d | Rounding adjustment. |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | $19,128,106 of tuition discount reported as a contra-revenue in the audited financial statements was moved to the statement of functional expenses. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | The racially nondiscriminatory policy is published in the college's academic catalogue, student handbook, and on the website. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | The college participates in the following federal programs which provide financial aid to undergraduate and graduate students: Pell Grant Program, Supplemental Educational Opportunity (SEOG) Program, Federal Work Study Program, National Science and Math Access to Retain Talent Grant Program, Academic Competitive Grant Program, and the Perkins Loan Program. The college also receives grants from the Maryland State Department of Education, Maryland Higher Education Commission, and the Maryland Department of General Services. In addition, the college was awarded sponsored research and other project grants by the U.S. Department of Justice, the U.S. Department of Housing and Urban Development, the National Science Foundation, National Institutes of Health, NASA, and the U.S. Department of Education. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (5 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad | 175426 |
| East Asia and the Pacific | 0 | 0 | Program Services | Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. | 206055 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | Tuition, room, board, and programming expenses for undergraduate students and staff studying abroad. | 368077 |
| Middle East and North Africa | 0 | 0 | Program Services | Tuition, room, board, and programming expensess for undergraduate students and staff studying abroad. | 10716 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Tuition, room, board and programming expenses for undergraduate students and staff studying abroad. | 37629 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 797903 | TotalAmountSpent |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| Undergraduate and graduate student grants and scholarships made by the institution | 1910 | 0 | 19128106 | Tuition credits |
| Prizes, awards, internships and fellowships | 206 | 246466 | 0 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | Goucher College's grant funds are limited to need-based and merit-based financial assistance for attendance at the college. Goucher College's comprenensive program of need-based and merit-based financial assistance is managed by the Office of Student Financial Aid. As a member of the College Board and in keeping with the principles and practices of the College Scholarship Service, financial aid is awarded to properly qualified candidiates on the basis of the financial need of students and their families. Financial need is determined by subtracting the Expected Family Contribution (as calculated on the Free Application of Federal Student Aid (FAFSA) and the Profile Form of the College Scholarship Service) from the student's total cost of attendance. Financial aid is awarded for one year only and must be renewed annually. Need-based aid is renewed to continuing students who demonstrate need and who are making satisfactory progress toward their degrees. Institutional merit-based scholarship requirements vary depending on the award. Compliance with these requirements are also overseen by the Office of Student Financial Aid. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sanford J Ungar | |||||||||||||
| 331403 | 0 | 0 | 0 | 195544 | 0 | 38678 | 0 | 34139 | 0 | 599764 | 0 | 195544 | 0 |
| Marc Roy | |||||||||||||
| 183546 | 0 | 0 | 0 | 0 | 0 | 11541 | 0 | 11185 | 0 | 206272 | 0 | 0 | 0 |
| W Thomas Phizacklea | |||||||||||||
| 172287 | 0 | 0 | 0 | 0 | 0 | 10833 | 0 | 9389 | 0 | 192509 | 0 | 0 | 0 |
| Janet Mulderrig | |||||||||||||
| 148500 | 0 | 0 | 0 | 0 | 0 | 9338 | 0 | 222 | 0 | 158060 | 0 | 0 | |
| William Leimbach | |||||||||||||
| 146896 | 0 | 0 | 0 | 0 | 0 | 9237 | 0 | 221 | 0 | 156354 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchJ_P01_S00_L01a | Identifier |
| Return Reference | Schedule J, Part I, Line 1a | ReturnReference |
| Explanation | A residence and a personal automobile, along with limited personal services, are provided for the convenience of the president of the college. Personal use of the automobile is included in the president's taxable income as reported on the W-2. The college also pays membership dues for a social club used by the president. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| MD Health & Higher Education Facilities Authority | ||||||
| 520936091 | 574217TC9 | 2004-08-18 | 21808859 | Finance the cost of a 70,000 square foot 185 bed residence hall with a classroom and student commons | 0 | 0 |
| MD Health & Higher Education Facilities Authority (Series 2007) | ||||||
| 520936091 | 574217H32 | 2007-10-31 | 31285000 | Construction of 100,000 sq.ft. facility: library, academic & social spaces, art gallery, cafe, etc. | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 22768462 | 2333904 | 0 | 0 | 332341 | 0 | 20344006 | 2005 | 0 | 0 | 1 | 1 |
| 32262336 | 1 | 0 | 20050 | 540555 | 0 | 31701731 | 2009 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.0 | 0 | 0.0 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 1 | 0 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| William Couper | |||
| Serves as an officer, director, key employee, or member of an entity doing business with the college | 34355 | Bank service fees | 0 |
| Joan Wilterdink | |||
| Spouse of Marc Roy (Provost) | 20000 | Teaching wages | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 54 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1729010 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV-Trade date | MethodOfDeterminingRevenues |
Historical Artifacts HistoricalArtifacts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Not reported | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Horses | 9 | 214636 | Appraisal |
| X | Gift Annuities | 4 | 68712 | NRV at date of gift |
| X | Archival records - dance and music collection | 1 | 0 | Not reported |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchM_P01_S00_L32b | Identifier |
| Return Reference | Schedule M, Part I, Line 32b | ReturnReference |
| Explanation | PNC, a third party financial institution, serves as custodian for the college's equity securities gift account. There is a standing order to liquidate all stock when received. Generally, that order is carried out within a few days of receipt, limiting any gain or loss on the sale of equity securities. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | The Form 990, excluding Schedule B (Contributor Information), and Form 990T were distributed electronically to the Board of Trustees on April 27th for a period of review and comment lasting ten days. Due to the sensitive nature of the information contained therein, Schedule B was made available to members of the Audit and Governance Committee and Executive Committee upon request. During the period of comment and review, a meeting of the Audit and Governance Committee of the Board of Trustees was convened to review and revise (if necessary) the return prior to recommending it for approval to the Executive Committee. The form was approved for filing by the Executive Committee of the Board of Trustees on May 10, 2011. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Every trustee, officer, and key employee is provided a copy of the Conflict of Interest Policy each spring, and required to complete an annual disclosure form reporting any actual or potential conflicts of interest. General Counsel reviews the disclosure forms and reports any disclosures to the Audit & Governance Committee of the Board of Trustees. Committee members then determine what, if any, action should be taken as to each disclosure, and such actions are implemented by the General Counsel. The policy directs the committee to review and update the list of key employees, and the policy itself is reviewed on a regular basis, and revised as necessary. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | Early each fall the College President distributes to the Board of Trustees the President's Goals and Objectives ("Goals and Objectives") for the current year. Each spring Goucher receives data from the College and University Professional Association (CUPA) on compensation at comparable institutions, including Goucher's peer group, other local colleges, and prospective overlap institutions. The Human Resources Director prepares these figures for review by the College President and by the Compensation Committee of the Board. In addition, each spring the Chair of the Board asks Board members to supply the Board Chair or the Chair of the Compensation Committee with any comments a Board member may have on the President's performance with respect to the President's Goals and Objectives. After reviewing all of these materials, the Compensation Committee meets with the President to review compensation recommendations for Senior Staff, evaluate the President's performance, and recommend compensation for the President. The Compensation Committee's role with respect to compensation for Senior Staff is to determine whether any recommendation from the President includes excess benefits. The Compensation Committee then reviews with the President the President's performance with respect to the Goals and Objectives, and then meets in executive session to determine its recommendation to the Executive Committee of the Board as to the President's compensation for the next fiscal year. The Executive Committe then acts on that recommendation. The Compensation Committee Chair provides the General Counsel of the College with a confidential report of the deliberations of the Compensation Committee and the Executive Committee and of the Executive Committee's action. This report includes the CUPA comparability data on which the final determinations were based. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Most college policies are also available to the public on the college website, www.goucher.edu. |
| F990_P07_S0A_L04 | Form 990, Part VII, Section A, Line 4 | Sanford J. Ungar was required by the IRS to take a distribution in 2009 of compensation accrued to him over a number of years under a 457(f) deferred compensation plan. This distribution was reported in column B(iii) of Schedule J, Part II. Because these amounts were earned and reported in prior years' returns, these amounts were also reported in column (F) of Schedule J, Part II. |
| SchK_P01_S00_L00 | Schedule K, Part I | Issue B (2007 Bonds): The college allocated equity to the financing of the cafe portion of the constructed facility. Therefore, it was not expected that any portion of the facility financed with proceeds of the Bonds would give rise to private business use. |
| SchK_P02_S00_L02 | Schedule K, Part II, Line 2 | Gross proceeds in reserve funds of Issue A (2004 Bonds) include $626,962 allocable to the debt service interest fund as of June 30, 2010 and included $922,343 of sale and investments proceeds allocated to capitalized interest on the Bonds. |
| SchK_P02_S00_L05 | Schedule K, Part II, Line 5 | $17,407 of the proceeds from Issue B (2007 Bonds) were used to pay the initial letter of credit maintenance fee. Other than payment for the initial fee, such fees are not paid from Bond proceeds. |
| SchK_P03_S00_L03a | Schedule K, Part III, Line 3a | The institution allocated equity to finance the cafe portion of the facilities financed in part by proceeds from Issue B (2007 Bonds). Therefore, any management or service contracts related to the operation of the cafe do not give rise to private business use since this space was not financed with proceeds of the Bonds. |
| SchK_P03_S00_L04 | Schedule K, Part III, Line 4 | The facilities financed with the proceeds from Issue A (2004 Bonds) are not used in a manner that gives rise to private business use. |
| SchK_P04_S00_L01 | Schedule K, Part IV, Line 1 | (1) The college is not required to file an IRS Form 8038-T with respect to Issue A (2004 Bonds). The arbitrage rebate calculations prepared for the issue as of the Bond's five-year anniversary date indicated that no rebate liability accrued. Therefore, a rebate payment was not required. (2) Issue B (2007 Bonds) has not reached the first five-year anniversary date. Therefore, an IRS Form 8038-T has not been filed. |
Comments