2011-05-12T18:26:43-07:00 2010-06-30 990 2009-07-01 042103638 WHEATON COLLEGE WHEA 5082868219 35 East Main Street Norton MA 02766 Ronald A Crutcher 5082868219 2011-05-13 2009 2016-02-24 21:20:13Z Ronald A Crutcher 35 East Main Street Norton MA 02766 140908151 0 X www.wheatonma.edu X 1834 MA Wheaton College provides a transformative liberal arts education for intellectually curious students in a collaborative, academically vibrant residential community that values a diverse world. 35 33 1812 1150 465414 0 8994549 12672635 78252298 78647911 -1988584 3689346 2356260 2463987 87614523 97473879 22389824 23829367 0 0 44992385 44728111 0 0 5091045 26891576 29570262 94273785 98127740 -6659262 -653861 269309402 305442889 33933032 59048762 235376370 246394127 Wheaton College provides a transformative liberal arts education for intellectually curious students in a collaborative, academically vibrant residential community that values a diverse world. 0 0 87660921 23829367 79093808 Wheaton College (the "college") is a private, coeducational, liberal arts college located in Norton, Massachusetts and is accredited by the New England Association of Schools and Colleges. Founded as a Female Seminary in 1834 and chartered as a four-year college in 1912, the college became coeducational in 1988. The college provides academic, residential and other services to a diverse student population of approximately 1,610 drawn from schools predominately in the Northeast region of the United States, as well as from many other U.S. states and territories and more than 30 foreign countries. The curriculum features more than 600 courses of study and 43 majors in the humanities, the social sciences, and the natural sciences. The college offers the Bachelor of Arts degree at the undergraduate level, and the Masters of Arts degree under special circumstances. 0 0 0 87660921 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 238 0 1812 1 1 1 0 0 0 0 1 1 0 0 0 35 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X Meghan Kass 5082868219 35 East Main Street Norton MA 02766 Kenneth R Babby 2 X 0 0 0 Joshua S Bauchner 2 X 0 0 0 Anson M Beard Jr 2 X 0 0 0 Elaine M Brown 2 X 0 0 0 Roger Brown 2 X 0 0 0 Jessica L Bruce 2 X 0 0 0 Wayne A Budd 2 X 0 0 0 Carol Magovern Canter 2 X 0 0 0 Richard Chait 2 X 0 0 0 Nancy Pearlstine Conger 2 X 0 0 0 Lou Ann Daly 2 X 0 0 0 Deborah Haigh Dluhy 2 X 0 0 0 Caroline Campbell Edwards 2 X 0 0 0 Debra Kent Glidden 2 X 0 0 0 Paul E Gray 2 X 0 0 0 Patricia Dunn Grey 2 X 0 0 0 Zoe Taylor Hack 2 X 0 0 0 Thomas J Hollister 2 X 0 0 0 James Hoyte 2 X 0 0 0 Denise Jefferson 2 X 0 0 0 James B Karman 2 X 0 0 0 Patricia A King 2 X 0 0 0 Kirk D Kolenbrander 2 X 0 0 0 Anuradha Mahindra 2 X 0 0 0 Andrienne Bevis Mars 2 X 0 0 0 Diane C Nordin 2 X 0 0 0 Keith J Peden 2 X 0 0 0 Mary Zygala Schleyer 2 X 0 0 0 Alison Grant Small 2 X 0 0 0 Margaret Dunn Smith 2 X 0 0 0 Cheryl Vedoe 2 X 0 0 0 David L Wagner 2 X 0 0 0 Cornelia Clifford Wareham 2 X 0 0 0 John Hazen White Jr 2 X 0 0 0 Ronald A Crutcher 40 X X 388751 0 88879 Gail Berson 40 X 183418 0 27484 Mary Casey 40 X 202232 0 37559 Linda Eisenmann 40 X 95932 0 25060 Roderick Wallick 40 X 216550 0 40060 Lee Williams 40 X 76726 0 24603 Styliani Pastra-Landis 40 X 180436 0 29645 Darlene Boroviak 40 X 142077 0 21472 Samuel C Coale 40 X 136420 0 28680 Jay S Goodman 40 X 164416 0 27590 Marjorie Houston 40 X 140352 0 21488 Molly Smith 0 X 206514 0 0 2133824 0 372520 42 1 1 0 Aramark 1101 Market Street Philadelphia PA 19107 Dining services 4781836 Einhorn Yaffee Prescott PO Box 617 Albany NY 122010617 Architectural services 1528128 Richard White Sons Inc 70 Rowe Street Auburndale MA 024661596 Construction 838665 The Rise Group LLC 120 South LaSalle Street Suite 1350 Chicago IL 60603 Construction owner rep 234051 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 Audit 190269 8 0 0 8230 0 790353 11874052 854135 12672635 Tuition and fees 611310 64393927 64393927 0 0 Room and board 611310 14131991 14131991 0 0 Education department services 611310 121993 121993 0 0 0 0 0 0 78647911 1846819 0 0 1846819 5203 0 0 5203 0 0 0 0 245129 0 0 0 245129 0 245129 0 0 245129 45263137 0 43425813 0 1837324 0 1837324 0 57956 1779368 9749 8230 8459 1290 1290 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Conference and dining 722320 1558325 0 407458 1150867 Telecommunications 517000 172437 0 0 172437 Bookstore 451211 42199 0 0 42199 444607 444607 0 0 2217568 97473879 79093808 465414 5242022 0 0 23829367 23829367 0 0 0 0 1464942 580944 478332 405666 245980 186614 59366 32366252 28247451 1627903 2490898 2627240 2287920 135120 204200 5651911 4583134 334442 734335 2371786 2024777 147559 199450 0 0 0 0 92032 0 92032 0 188300 0 188300 0 0 0 0 0 0 0 3052811 2747530 305281 0 5511455 5260606 139469 111380 34904 29685 5219 0 1209734 898128 88895 222711 633402 626104 4620 2678 0 0 0 0 2983125 2714346 203449 65330 2089490 1813337 84310 191843 0 0 0 0 82922 60395 18228 4299 713827 713827 0 0 0 0 0 0 4829082 4412333 329343 87406 293875 293875 Program support 2339657 2318686 80 20891 Repairs & maintenance 1772362 1747360 280 24722 Events, entertainment & food 1344462 505117 529364 309981 Library resources 862048 862048 0 0 Memberships 361031 215334 140476 5221 1175743 995878 169831 10034 98127740 87660921 5375774 5091045 1521783 1595300 18419312 29115058 14305149 14508090 874160 931910 0 0 0 0 3054143 3003489 0 0 1773417 2328998 137215455 56503557 80003355 80711898 42468246 44680599 104055591 107577714 0 0 0 2834246 20989833 269309402 305442889 3813605 6505569 0 0 0 0 14422224 45528812 0 0 0 0 0 0 7905852 0 7791351 7014381 33933032 59048762 X 97428586 100155938 61217694 67073804 76730090 79164385 235376370 246394127 269309402 305442889 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10665 10665 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The amount on line 1i reflects membership dues paid to member organizations, including NACUBO and AICUM, which may engage in lobbying activities in connection with issues that impact higher education. Therefore, a portion of the dues may be attributed to lobbying activities. The college does not directly participate in these lobbying activities. 0 462696 0 0 X X 0 139758659 2327920 14921188 2677781 4587325 3052811 146689850 182175518 3629006 -35942703 3265996 5537055 1300111 139758659 0.25 0.75 0 0 0 0 1542909 1542909 0 109435063 47580390 61854673 0 0 0 0 0 6369249 4817117 1552132 0 19868234 4106050 15762184 80711898 109350 F International equities 10092460 F Private equities 8884627 F Hedge funds 28142344 F Real assets and commodities 26182224 F Alternative fixed income 33615269 F Real estate 551440 F 107577714 0 Deposits held by bond trustees 19342646 Contributions receivable from remainder trusts 1067522 Beneficial interest in perpetual trusts 579665 20989833 0 Annuity obligations 2371794 Government advances for student loans 2463769 Asset retirement obligations 1327779 Student deposits 851039 7014381 97473879 98127740 -653861 11671618 0 0 0 0 11671618 11017757 82505159 11671618 0 0 -23587527 -11915909 94421068 3052811 0 3052811 97473879 71487402 0 0 0 -23587527 -23587527 95074929 3052811 0 3052811 98127740 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The college's collection items include rare books, historical artifacts and art work that are used for scholarly research, public exhibitions and to document the history of the college. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The college's endowment funds provide income and support for the furtherance of the educational mission of the college in accordance with the donors' intentions. The majority of the permanent endowment is held for scholarship, teaching, and program expenses. SchD_P10_S00_L00 Schedule D, Part X The college has no uncertain tax positions under FIN #48. The financial statement footnote for income taxes reads as follows: "The College accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The College has identified its tax status as a tax exempt entity as a tax position; however, the College has determined that such tax position does not result in an uncertainty requiring recognition. The College is not currently under examination by any taxing jurisdictions. The College's Federal and state tax returns are generally open for examination for three years following the date filed. " SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships and grants provided to students of $23,587,527 is presented as a contra-revenue item in the audited financial statements and as an expense item in the Form 990. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Scholarships and grants provided to students of $23,587,527 is presented as a contra-revenue item in the audited financial statements and as an expense item in the Form 990. 1 1 1 Wheaton College is committed to the principles of Equal Opportunity as defined under federal and state law. The college's Notice of Nondiscrimination is available on its website at http://wheatoncollege.edu/policies/eqopp.html. A nondiscrimination policy statement is included in all public announcements and publications. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Students receive financial aid from state and federal agencies based on predetermined financial and scholastic guidelines consistent with the college's educational mission. 1 Central America and the Caribbean 0 2 Program Services Study abroad program for students 11536 East Asia and the Pacific 0 0 Program Services Study abroad program for students 371159 East Asia and the Pacific 0 1 Program Services Admissions recruiting 6376 Europe (including Iceland and Greenland) 0 2 Program Services Study abroad program for students 447769 Europe (including Iceland and Greenland) 0 3 Fundraising 3831 Europe (including Iceland and Greenland) 0 3 Program Services Admissions recruiting 12315 Europe (including Iceland and Greenland) 0 0 Program Services Library acquisitions 2583 South Asia 0 0 Program Services Study aborad program for students 75116 South Asia 0 1 Program Services Admissions recruiting 1663 Sub-Saharan Africa 0 2 Program Services Study abroad program for students 58376 North America (including Canada and Mexico, but not the United States) 0 0 Investments 0 Europe (including Iceland and Greenland) 0 0 Investments 0 Central America and the Caribbean 0 0 Investments 0 0 14 990724 SchF_P01_S00_L03 Schedule F, Part I, Line 3 The study abroad programs are separately tracked in the college's general ledger system by activity and the amounts represent tuition payments, lodging, travel costs and incidentals for students and faculty liaisons. The admissions recruiting and fundraising amounts are tracked primarily using the college's credit card system and represent travel, meals and lodging costs for college employees conducting business in these regions. All expenses are under the accrual method of accounting. Golf Tournament 17979 8230 9749 0 142 4552 2505 0 1260 0 0 17979 8230 9749 0 142 4552 2505 0 1260 8459 1290 1 Scholarships to students 1089 23587527 Reduction of student balance for tuition owed to the college Fellowship stipends 137 241840 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The college's Office of Financial aid is responsible for awarding and monitoring all college, federal and state grant assistance. More than 60% of Wheaton students receive some form of financial aid and most students who demonstrate need receive aid. Financial assistance at Wheaton is awarded on the basis of demonstrated need and academic performance. "Need" is determined by the financial information that a student and his/her family provides on the Free Application for Federal Student Aid (FAFSA) and PROFILE forms which capture the data required to determine eligibility based on federal and/or state regulations. A need-based package may include a merit scholarship, grants, loans or work award. When funds are awarded, student eligibility is monitored through the college's operational system financial aid module to ensure there are no changes in status that might affect their ongoing eligibility. Total grant funds awarded are tracked to ensure compliance with budgeted amounts. X X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 Gail Berson 180843 0 0 0 2575 0 16329 0 11155 0 210902 0 0 0 Darlene Boroviak 142077 0 0 0 0 0 12827 0 8645 0 163549 0 0 0 Mary Casey 200818 0 0 0 1414 0 18528 0 19031 0 239791 0 0 0 Samuel C Coale 136420 0 0 0 0 0 12517 0 16163 0 165100 0 0 0 Ronald A Crutcher 324939 0 0 0 63812 0 37050 0 51829 0 477630 0 45000 0 Jay S Goodman 164416 0 0 0 0 0 14611 0 12979 0 192006 0 0 0 Marjorie Houston 140352 0 0 0 0 0 12672 0 8816 0 161840 0 0 0 Styliani Pastra-Landis 180436 0 0 0 0 0 16448 0 13197 0 210081 0 0 0 Molly Smith 206514 0 0 0 0 0 0 0 0 0 206514 0 206514 0 Roderick Wallick 213804 0 0 0 2746 0 19738 0 20322 0 256610 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President is provided with housing, including maintenance of such space, for the convenience of the employer on the college's premises. The value of the personal space within the housing is included as a nontaxable benefit on Schedule J. The value of the maintenance of the personal space is taxed accordingly. The President is provided with a college vehicle for business use and any personal miles are taxed accordingly. In addition, the President is a member of a local country club and local social clubs for which the college is responsible for the payment of dues. Any personal use of such clubs is reimbursed to the college. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Provost Molly Smith received severance in the amount of $104,845 during the fiscal year as a result of her separation from the college. Part I, Line 4b - In fiscal years 2007, 2008 and 2009 payments totaling $45,000 were made to a 457(f) plan on behalf of President Ronald Crutcher. Such amounts, together with interest of $1,463, vested on July 14, 2009 and were reported as taxable compensation. In addition, the president was entitled to and received 40% of the account in a single lump sum payment on this date. The balance of the account will be paid out in five annual installments commencing July 14, 2015 and ending July 14, 2019. In fiscal year 2010 a payment of $15,000 was made to a 457(b) plan on behalf of President Ronald Crutcher. Massachusetts Health and Educational Facilities Authority 042456011 57586CCH6 2004-04-08 18369960 Refunding of Series C, campus renovations 0 0 Massachusetts Health and Educational Facilities Authority 042456011 57586EUF6 2010-05-04 32361170 Construction of academic facilties 0 0 18369960 0 0 0 336096 0 3172307 2005 1 0 1 1 32361170 0 0 17876545 448754 0 14040713 2011 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 Betty Neal Crutcher Spouse of officer 59366 Employment 0 Jay Goodman Spouse of officer 186614 Employment 0 Global Partners LP Trustee is Chief Operating Officer and Chief Financial Officer 927940 Fixed rate engery contract 0 X 71 708635 fair market value X 1 145500 fair market value 0 0 1 1 SchM_P01_S00_L09 Schedule M, Part I, Line 9 The college is disclosing the number of contributions of publicly traded securities. These contributions may be comprised of one or more securities. SchM_P01_S00_L32b Schedule M, Part I, Line 32b The college utilizes the brokerage services of third parties to accept and sell noncash gifts of securities. All transactions are conducted at arms length and for good and sufficent consideration. F990_P01_S00_L04 Form 990, Part I, Line 4 In regards to the nonindependent individuals identified: The President of the college is an ex officio member of the Board of Trustees and enjoys all rights and privileges, including voting, of term trustees except that his vote shall not be counted if such vote would have been the deciding vote for matters brought before the Board of Trustees for actions. Another trustee has family or business relationships with the college as disclosed in Form 990, Part VI, Section A, Line 2 and Schedule L, Part IV. F990_P05_S00_L02a Form 990, Part V, Line 2a The total number of employees includes faculty and staff of 693 and student employees of 1,119. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The college's Form 990 is prepared by the Finance Office of the college and reviewed by the Assistant Vice President for Finance. In addition, the Form 990 is also reviewed and signed by an independent accounting firm. The first draft is reviewed by the Audit Committee of the Board of Trustees and any changes are incorporated into the final draft. The final draft is distributed to the full Board of Trustees via their secure website for final review prior to submission to the IRS. The draft provided to the Audit Committee of the Board of Trustees and to the full Board agrees to what was filed with the IRS with the exception of Schedule B, which was omitted. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All trustees and officers of the college are covered in the Wheaton College Conflict of Interest Policy for Trustees and Officers. The policy and conflict of interest disclosure statement is sent to all officers and trustees on an annual basis. The completed forms are reviewed by the Chair of the Board of Trustees, the Vice President for Finance and Operations and the President. Officers and trustees recuse themselves from discussion and voting on any matters where a conflict exists. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Wheaton College Executive Committee, an independent board, establishes compensation to ensure that the Internal Revenue Code provision of "rebuttable presumption of reasonableness" is met and "intermediate sanctions" are not violated. The Executive Committee obtains and relies upon appropriate data for comparability of the compensation package prior to making its determination. Appropriate data includes compensation levels paid by similarly situated organizations, independent compensation surveys by nationally recognized independent firms, and written offers from similar institutions competing for the services of the individual. The Executive Committee documents the basis for its determination of the individual whose compensation is being determined including: the terms of the approved transaction and date approved; the member of the committee who were present during the discussion; and the data obtained and relied upon. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The employee conflict of interest policy is contained in the Staff Handbook, which is posted to the college's Human Resources website and available to the public. The college's audited financial statements are posted to the college's Finance website, which is available to the public. In addition, the Form 990 and the audited financials are available via the Massachusetts Attorney General's website. The governing documents and trustee conflicts of interest policy are available to the public upon request. F990_P07_S0A_L01b Form 990, Part VII, Section A, Line 1b Provost Linda Eisenmann and Dean of Students Lee Williams were hired on July 1, 2009. Accordingly, Part VII reflects six months of compensation for the period July 1, 2009 to December 31, 2009. SchE_P00_S00_L06a Schedule E, Line 6a The college receives federal and state student financial aid authorized by student loan programs. SchL_P04_S00_L00 Schedule L, Part IV All employees, including employees who may meet the definition of an interested person, are hired through procedures administered by the college's Human Resources Department under applicable college policies. All such employees are provided the same benefits, and are subject to the same policies and procedures, as other college employees. All business transactions, including those with individuals or companies that may meet the definition of an interested party, are made within the normal course of business and are conducted at arm's length. Purchasing decisions are not made by these individuals. SchR_P04_S00_L00 Schedule R, Part IV The legal Charitable Trusts names, which include donor/contributor names, have been omitted to protect the privacy of the donor/contributor. Such information is immediately available to the IRs upon request. Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 999999999 Charitable Remainder Trust MA N/A T 0 425813 1 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 426659769 Charitable Remainder Trust MA N/A T 0 135183 1 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 166387943 Charitable Remainder Trust MA N/A T 0 49871 0.91 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 266387529 Charitable Remainder Trust MA N/A T 0 28333 1 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 999999999 Charitable Remainder Trust MA N/A T 0 43938 0.5 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 616387291 Charitable Remainder Trust MA N/A T 0 27741 0.5 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 596076570 Charitable Remainder Trust MA N/A T 0 19834 1 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 046751396 Charitable Remainder Trust MN N/A T 0 51086 1 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 596076580 Charitable Remainder Trust MA N/A T 0 22547 1 Charitable Remainder Unitrust 35 East Main Street Norton MA 02766 596076550 Charitable Remainder Trust MA N/A T 0 222962 1 Perpetual Trust 35 East Main Street Norton MA 02766 056004616 Perpetual Trust MA T 5741 123554 1 Pooled Income Fund 35 East Main Street Norton MA 02766 046431431 Pooled Income Fund MA N/A T 0 1621718 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0