2026-05-04T11:20:43-05:00 2025-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2024-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED CHAM 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 APRIL O'DELL TREASURER 8028602700 2026-04-30 1 0 RAGINI BANURU P01906959 6179881000 2026-04-15 2024 2025-03-06 01:10:19Z ALEJANDRO HERNANDEZ 163 S WILLARD STREET BURLINGTON VT 05401 195567268 0 X WWW.CHAMPLAIN.EDU X 1878 VT SEE SCHEDULE O. 30 29 1540 29 505374 0 10084734 7570505 114222566 109816378 6407745 2088462 5508440 3204417 136223485 122679762 42171543 38689202 0 0 53465867 46492040 0 0 1755949 41127957 41659766 136765367 126841008 -541882 -4161246 217547236 213765472 80981173 78909904 136566063 134855568 X AN INSTITUTION OF HIGHER EDUCATION THAT PREPARES STUDENTS TO EXCEL THROUGH RADICALLY PRAGMATIC CAREER-FOCUSED EDUCATION. WE ARE A SUPPORTIVE LEARNING COMMUNITY THAT ADVANCES SOCIETY BY DELIVERING UNIQUELY FUTURE-FOCUSED ACADEMIC PROGRAMS, TRANSFORMATIVE HANDS-ON EXPERIENCES, AND MEANINGFUL CONNECTIONS AND COLLABORATIONS THAT ENGAGE THE PASSIONS OF OUR STUDENTS TO CREATE A BETTER WORLD. 0 0 80109480 38689202 75739038 SEE SCHEUDLE O. 11739575 0 20429146 SEE SCHEDULE O. 17813296 0 14670773 SEE SCHEUDLE O. 109662351 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 154 0 1 1540 1 1 1 1 EI CA 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VT X APRIL O'DELL 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 ALEJANDRO E HERNANDEZ PRESIDENT 40.00 0.00 X X 465337 0 127457 MICHELE ASCH TRUSTEE 2.00 0.00 X 0 0 0 CORINN MCCARTHY BERGERON TRUSTEE 2.00 0.00 X 0 0 0 DAN BOARDMAN TRUSTEE 2.00 0.00 X 0 0 0 SARA BYERS TRUSTEE 2.00 0.00 X 0 0 0 LUCIA CAMPRIELLO TRUSTEE 2.00 0.00 X 0 0 0 KEVIN CHU TRUSTEE (AS OF 6/25) 2.00 0.00 X 0 0 0 JIM CROOK TRUSTEE 2.00 0.00 X 0 0 0 LAURA DAGAN TRUSTEE (UNTIL 10/24) 2.00 0.00 X 0 0 0 IAN DAVIS TRUSTEE 2.00 0.00 X 0 0 0 MARGUERITE DIBBLE TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL DUBIE TRUSTEE 2.00 0.00 X 0 0 0 JUSTIN FIMLAID TRUSTEE 2.00 0.00 X 0 0 0 DAVID FINNEY TRUSTEE 2.00 0.00 X 0 0 0 JERRY FORD TRUSTEE 2.00 0.00 X 0 0 0 JIM FOSTER TRUSTEE 2.00 0.00 X 0 0 0 MAHMOUD JABARI UNTIL 1124 TRUSTEE 2.00 0.00 X 0 0 0 AIMEE MARTI TRUSTEE 2.00 0.00 X 0 0 0 MARI MCCLURE TRUSTEE 2.00 0.00 X 0 0 0 KOJO MENSAH-BONSU TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL METZ UNTIL 1124 TRUSTEE 2.00 0.00 X 0 0 0 KEN MINKLEI UNTIL 1024 TRUSTEE 2.00 0.00 X 0 0 0 ANNIE ODE TRUSTEE (AS OF 6/25) 2.00 0.00 X 0 0 0 JUDITH W O'CONNELL TRUSTEE 4.00 0.00 X 0 0 0 KRISTIN HALPIN PERRY TRUSTEE 2.00 0.00 X 0 0 0 PREMILA PETERS TRUSTEE 2.00 0.00 X 0 0 0 DAVID PROVOST TRUSTEE 2.00 0.00 X 0 0 0 RAJ RAWAL TRUSTEE 2.00 0.00 X 0 0 0 RUSS SCULLY TRUSTEE 2.00 0.00 X 0 0 0 JULIE SNOW TRUSTEE 2.00 0.00 X 0 0 0 DAVID STILLER TRUSTEE (AS OF 10/24) 2.00 0.00 X 0 0 0 MICHAEL SULLIVAN TRUSTEE 2.00 0.00 X 0 0 0 EDUARDO VAZQUEZ TRUSTEE 2.00 0.00 X 0 0 0 JON WETTSTEIN TRUSTEE 2.00 0.00 X 0 0 0 MONIQUE TAYLOR PROVOST 40.00 0.00 X 299663 0 52341 LESLIE AVERILL VICE PRESIDENT 40.00 0.00 X 269409 0 30495 DIANA MATOT VICE PRESIDENT 40.00 0.00 X 195736 0 51271 SARAH ANDRIANO VICE PRESIDENT 40.00 0.00 X 188464 0 46937 DANELLE BERUBE VICE PRESIDENT 40.00 0.00 X 171637 0 26149 APRIL O'DELL TREASURER 40.00 0.00 X 161948 0 47851 CHRISTA MONTAGNINO VICE PRESIDENT 40.00 0.00 X 263026 0 48681 JENNIFER KENNELLY ASSISTANT TREASURER 40.00 0.00 X 151016 0 44312 KATHY EHLERS VP ENROLLMENT STRATEGY & MARKETING 40.00 0.00 X 154564 0 26992 LEANDRE WALDO SECRETARY 20.00 0.00 X 126315 0 27370 ALI HADI PROFESSOR 40.00 0.00 X 169878 0 42185 FREDERICK BURKHARDT PROFESSOR OF FINANCE (THRU 6/24) 40.00 0.00 X 232353 0 28662 JOSEPH O'GRADY PROF. OF HR MGMT & SRVCS (THRU 6/24) 40.00 0.00 X 227412 0 29192 NICOLE MORRIS PROF. OF ACCOUNTING (THRU 6/24) 40.00 0.00 X 211719 0 11126 NANCY KERR PROF. OF COMMS AND MEDIA (THRU 6/24) 40.00 0.00 X 187232 0 25169 ROBIN GRONLUND VICE PRESIDENT (THRU 6/24) 40.00 0.00 X 106711 0 28140 3582420 0 694330 70 1 1 0 EDDY ACQUISITIONS LLC 15200 SANTA FE TRAIL DRIVE SUITE 2 LENEXA KS 66219 DIGITAL MARKETING 5277166 ENGELBERTH CONSTRUCTUION INC 150 WATER TOWER CIRCLE SUITE 101 COLCHESTER VT 05446 CONSTRUCTION 5222672 SODEXO INC AND AFFILIATES 9859 FLOWER BONNET AVENUE NW CONCORD NC 28027 FOOD SERVICE 4212851 SERVPRO OD WINOOSKI & STOWE 195 ACORN LANE COLCHESTER VT 05446 FIRE DAMAGE REPAIR 1706918 JANITECH 158 BRENTWOOD DRIVE 7 COLCHESTER VT 05446 JANITORIAL SERVICES 859908 34 6322130 1248375 122804 7570505 TUITION & FEES 611710 89581777 89581777 DORMITORY AND DINING FEES 721310 20209389 20209389 BOOKSTORE RECEIPTS 455000 25212 25212 109816378 3121713 3121713 249907 0 249907 249907 249907 71854255 71806961 1080545 47294 -1080545 -1033251 -1033251 SUMMER PROGRAM REVENUE 900099 756000 756000 CONFERENCE AND EVENT CENTER 561499 577408 72034 505374 PARKING REVENUE 480000 194545 194545 1426557 1426557 2954510 122679762 110838957 505374 3764926 38607202 38607202 82000 82000 2544732 786879 1384438 373415 34292686 29466651 4099636 726399 770025 676470 78930 14625 6055579 5119654 785400 150525 2829018 2335732 411326 81960 157127 157127 175175 175175 149450 149450 7840866 7713458 123697 3711 591730 452758 128882 10090 3454930 546993 2907937 5800891 5800891 482749 385955 52801 43993 3095262 3017762 62000 15500 6360614 4847994 1372995 139625 972584 444913 527671 MEAL EXPENSES 3359683 3359683 CONTRACTUAL SERVICES 2955094 1722835 1042510 189749 RENOVATION/OTH PROJECTS 2216977 1971755 245222 STUDENT ACTIVITIES/ACAD 1601615 1343017 258598 2445019 979749 1458913 6357 126841008 109662351 15422708 1755949 4748215 7956137 9853705 6670460 1845668 1066137 3967270 3387392 2525594 2288271 225986640 94847833 131911677 131138807 60968369 59714279 1726738 1543989 217547236 213765472 8305640 7983596 5129346 5209705 66488988 64869944 55032 20795 1002167 825864 80981173 78909904 X 93032515 90303986 43533548 44551582 136566063 134855568 217547236 213765472 X -4161246 2048875 401876 X 0 1 X 1 1 1 X 9328004 13043117 9255813 10084734 7570505 49282173 9328004 13043117 9255813 10084734 7570505 49282173 2798478 46483695 2226979 2700760 2925655 3682156 3371620 14907170 907914 1142746 2002728 4118780 1426557 9598725 73788068 548212927 0.63000 0.57760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 907,914. 2021 AMOUNT: $ 1,142,746. 2022 AMOUNT: $ 2,002,728. 2023 AMOUNT: $ 4,118,780. 2024 AMOUNT: $ 1,426,557. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38732898 11284121 3725566 561270 4033219 49148096 27438005 15272050 3324117 558891 6742383 38732898 25253711 1122637 2474019 560154 852208 27438005 29685138 277537 -3433113 504175 771676 25253711 23894478 415116 6528189 481716 670929 29685138 0.36540 0.24340 0.39130 0 0 5125202 5125202 203267940 81049121 122218819 16139444 12456812 3682632 1454054 1341900 112154 131138807 US GOVERNMENT GRANTS 195659 LIAB. UNDER TRUST AND ANNUITY 630205 825864 X 89409744 2048875 -35169443 -33120568 122530312 149450 149450 122679762 90738982 4802284 4802284 85936698 149450 40754860 40904310 126841008 PART V, LINE 4: THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 59 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE FINANCIAL AID FOR STUDENTS, ACADEMIC SUPPORT FOR PROGRAMS AND FACILITIES, AND STUDENT SERVICE PROGRAM SUPPORT. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BASED ON THE POLICIES ADOPTED, THE BOARD OF TRUSTEES MAY APPROVE AND DISTRIBUTE UP TO 5% OF THE VALUE OF THE FUNDS ANNUALLY. THE VALUE OF THE FUNDS IS THE AVERAGE YEAR END VALUE OF THE FUND FOR THE PREVIOUS THREE CALENDAR YEARS. PART X, LINE 2: FIN 48 (ASC740) THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ASC 740, INCOME TAXES, PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. ASC 740 PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITIONS WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF AN EXAMINATION BY THE TAX AUTHORITIES. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS AND BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 114,311. FINANCIAL AID -40,754,860. FOREIGN ENTITIES - REVENUE 5,183,541. CHANGE IN ALLOWANCE FOR CONTRIBUTION RECEIVABLE 287,565. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOREIGN ENTITIES - EXPENSE 4,802,284. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXCLUDING FOREIGN ENTITIES 40,754,860. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. PART I, LINE 3 CHAMPLAIN COLLEGE MAINTAINS A COMPREHENSIVE NONDISCRIMINATION POLICY THAT APPLIES TO ALL ASPECTS OF ITS EDUCATIONAL PROGRAMS AND ACTIVITIES. THIS POLICY IS PUBLISHED IN THE FOLLOWING LOCATIONS: THE COLLEGE'S OFFICIAL WEBSITE (WWW.CHAMPLAIN.EDU) THE STUDENT HANDBOOK EMPLOYEE HANDBOOK ALL ADMISSIONS MATERIALS AND CATALOGS FINANCIAL AID INFORMATION THE COLLEGE'S NONDISCRIMINATION STATEMENT AFFIRMS THAT CHAMPLAIN COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, AGE, SEX, RELIGION, DISABILITY, OR ANY OTHER LEGALLY PROTECTED STATUS IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC OR OTHER SCHOOL-ADMINISTERED PROGRAMS. ADDITIONALLY, THE COLLEGE REGULARLY REVIEWS ITS POLICIES TO ENSURE COMPLIANCE WITH FEDERAL AND STATE REGULATIONS. THE POLICY IS COMMUNICATED TO ALL PROSPECTIVE STUDENTS, CURRENT STUDENTS, FACULTY, AND STAFF. IN ACCORDANCE WITH CURRENT FEDERAL GUIDANCE, THE COLLEGE FOCUSES ITS POLICIES AND PROGRAMS ON MAINTAINING EQUAL OPPORTUNITY AND ACADEMIC EXCELLENCE FOR ALL STUDENTS. THE COLLEGE'S COMMITMENT TO EDUCATIONAL ACCESS IS DEMONSTRATED THROUGH MERIT-BASED SCHOLARSHIPS, NEED-BASED FINANCIAL AID PROGRAMS, AND ACADEMIC SUPPORT SERVICES AVAILABLE TO ALL QUALIFIED STUDENTS. CHAMPLAIN COLLEGE IS COMMITTED TO FOSTERING AN EDUCATIONAL ENVIRONMENT WHERE ALL STUDENTS CAN SUCCEED BASED ON THEIR ACADEMIC ABILITIES AND PERSONAL DEDICATION. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FINANCIAL AID 22500 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FINANCIAL AID 33000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FINANCIAL AID 26500 0 0 0 0 0 0 82000 0 82000 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE EUROPE 2 22500 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE EAST ASIA AND THE PACIFIC 1 33000 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE CENTRAL AMERICA AND THE CARIBBEAN 1 26500 1 0 1 0 0 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO INTERNATIONAL STUDENTS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTRATED FINANCIAL NEED. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. 1 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE 1701 38298939 SEOG FINANCIAL AID 874 308263 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS IN THE U.S. CHAMPLAIN OFFERS BOTH MERIT AID AND NEED-BASED AID. MERIT SCHOLARSHIPS ARE RENEWED ANNUALLY PROVIDED THE STUDENT IS ENROLLED FULL-TIME AND MEETS ALL ACADEMIC STANDARDS. NEED-BASED SCHOLARSHIPS ARE RENEWED ANNUALLY BASED ON FINANCIAL NEED; THE FREE APPLICATION FOR FEDERAL STUDENT AID(FAFSA) FORM MUST BE COMPLETED IN ORDER TO BE CONSIDERED FOR THESE AWARDS. THE FINANCIAL AID OFFICE MONITORS STUDENTS TO ENSURE CONTINUED ELIGIBILITY FOR THE TYPE OF AID THEY ARE RECEIVING. AT THE END OF EACH SEMESTER (FALL, SPRING, SUMMER), EVERY FINANCIAL AID RECIPIENT'S PROGRESS IS REVIEWED BY THE OFFICE OF FINANCIAL AID. STUDENTS ARE MEASURED USING BOTH QUALITATIVE AND QUANTITATIVE STANDARDS. THE PURPOSE OF THIS REVIEW IS TO MEASURE WHETHER A STUDENT IS MAKING SATISFACTORY ACADEMIC PROGRESS TOWARDS GRADUATION. THESE STANDARDS APPLY TO ALL TYPES OF FINANCIAL AID: FEDERAL, STATE AND INSTITUTIONAL AID. STUDENTS WHO FAIL TO MEET THE SATISFACTORY ACADEMIC PROGRESS REQUIREMENTS MAY BECOME INELIGIBLE TO RECEIVE FINANCIAL AID UNTIL THEY ARE IN COMPLIANCE WITH THESE REQUIREMENTS. X 1 1 X X X X 1 1 0 0 0 0 0 1 0 ALEJANDRO E HERNANDEZ PRESIDENT 398521 0 0 0 66816 0 66369 0 61088 0 592794 0 0 0 MONIQUE TAYLOR PROVOST 249708 0 0 0 49955 0 17943 0 34398 0 352004 0 0 0 CHRISTA MONTAGNINO VICE PRESIDENT 237862 0 24000 0 1164 0 16734 0 31947 0 311707 0 0 0 LESLIE AVERILL VICE PRESIDENT 238307 0 0 0 31102 0 16672 0 13823 0 299904 0 0 0 FREDERICK BURKHARDT PROFESSOR OF FINANCE (THRU 6/24) 79488 0 0 0 152865 0 8725 0 19937 0 261015 0 0 0 JOSEPH O'GRADY PROF. OF HR MGMT & SRVCS (THRU 6/24) 73707 0 28179 0 125526 0 13902 0 15290 0 256604 0 0 0 DIANA MATOT VICE PRESIDENT 194749 0 0 0 987 0 19883 0 31388 0 247007 0 0 0 SARAH ANDRIANO VICE PRESIDENT 188044 0 0 0 420 0 13553 0 33384 0 235401 0 0 0 NICOLE MORRIS PROF. OF ACCOUNTING (THRU 6/24) 79972 0 0 0 131747 0 8213 0 2913 0 222845 0 0 0 NANCY KERR PROF. OF COMMS AND MEDIA (THRU 6/24) 67231 0 0 0 120001 0 8914 0 16255 0 212401 0 0 0 ALI HADI PROFESSOR 169574 0 0 0 304 0 12091 0 30094 0 212063 0 0 0 APRIL O'DELL TREASURER 161588 0 0 0 360 0 11853 0 35998 0 209799 0 0 0 DANELLE BERUBE VICE PRESIDENT 171275 0 0 0 362 0 11521 0 14628 0 197786 0 0 0 JENNIFER KENNELLY ASSISTANT TREASURER 108009 0 0 0 43007 0 8224 0 36088 0 195328 0 0 0 KATHY EHLERS VP ENROLLMENT STRATEGY & MARKETING 115005 0 0 0 39559 0 5292 0 21700 0 181556 0 0 0 LEANDRE WALDO SECRETARY 125920 0 0 0 395 0 9138 0 18232 0 153685 0 0 0 ROBIN GRONLUND VICE PRESIDENT (THRU 6/24) 105182 0 0 0 1529 0 11015 0 17125 0 134851 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THESE AMOUNTS ARE INCLUDED IN COLUMN (D) AS A NON-TAXABLE BENEFIT. THE COLLEGE MAY PROVIDE HOUSING ARRANGEMENTS TO NEW OFFICERS AND DIRECTORS OF THE COLLEGE UPON HIRE ON A TEMPORARY BASIS. THE COLLEGE COMPLIES WITH IRC SECTION 119. PART I, LINE 3 SEE SCHEDULE O COMPENSATION POLICY PART I, LINES 4A-B IN THE CALNEDAR YEAR 2024, PURSUANT TO AN EMPLOYMENT AGREEMENT, THE FOLLOWING INDIVIDUALS RECIEVED A ONE-TIME PAYMENT: I. PROFESSOR OF FINANCE $152,492 II. PROFESSOR OF HR MANAGEMENT AND SERVICES $122,688 III. PROFESSOR OF ACCOUNTING $131,540 IV. PROFESSOR OF COMMUNICATIONS $118,237 EFFECTIVE NOVEMBER 30, 2021, THE COLLEGE ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN FOR ALEJANDRO HERNANDEZ, PRESIDENT. NO VESTING OCCURRED AS OF JUNE 30, 2025. PART I, LINE 7 BONUSES FOR OFFICERS ARE DETERMINED BY THE COMPENSATION COMMITTEE AND ARE DISCRETIONARY. A VEHBFA (SERIES 2016A) 237154467 924166JXO 2016-12-01 67826964 REFUND PRIOR BONDS & CONSTRUCTION 0 0 0 A 1535000 68098866 617916 22186692 45294258 2018 1 0 1 1 A 0 0 1 1 0 0.01900 0.01900 0 0 1 A 1 0 0 0 0 1 A 1 PART I, LINE A, COLUMN F: THE 2016A BOND ISSUE WAS FOR CONSTRUCTION OF A MIXED-USE FACILITY CONSISTING OF 105 DWELLING UNITS WITH AN AGGREGATE OF 314 BEDS FOR STUDENT HOUSING AS WELL AS GARAGE AND RETAIL STORE SPACE. THE BUILDING WAS PLACED IN SERVICE IN FISCAL YEAR 2019. THE 2016A BOND ISSUE ALSO REFUNDED THE FOLLOWING BONDS: 2009 SERIES - 06/09/2009 2010A SERIES - 12/13/2010 2010B SERIES - 12/13/2010 2011 SERIES - 12/09/2011 2013 SERIES - 05/29/2013 2014 SERIES - 07/30/2014 PART II, LINE 3: THE TOTAL AMOUNT OF PROCEEDS OF THE BOND ISSUE DOES NOT AGREE TO THE ISSUE PRICE LISTED IN PART I, COLUMN E DUE TO INTEREST EARNED OF $261,902 ON DEPOSIT WITH BOND TRUSTEE PART III, LINE 3A: THE COLLEGE ENTERS INTO JANITORIAL AND VENDING SERVICE CONTRACTS FOR ALL CAMPUS BUILDINGS INCLUDING RESIDENTIAL, ACADEMIC, AND ADMINISTRATIVE BUILDINGS. THESE SERVICES ARE DEEMED INCIDENTAL FOR PRIVATE BUSINESS USE CONSIDERATIONS. THE COLLEGE HAS ENGAGED LEGAL COUNSEL TO REVIEW THIRD PARTY FOOD MANAGEMENT SERVICE CONTRACTS TO ENSURE THEY MEET THE SAFE HARBOR REQUIREMENTS. AS A RESULT, THESE CONTRACTS DO NOT YIELD PRIVATE BUSINESS USE. THE COLLEGE ALSO ENTERS INTO A BOOKSTORE MANAGEMENT SERVICE CONTRACT WHICH MEETS THE SAFE HARBOR REQUIREMENTS AND THEREFORE DOES NOT RESULT IN PRIVATE BUSINESS USE. PART IV, LINE 2C: ARBITRAGE REBATE COMPUTATIONS: THE ARBITRAGE REBATE COMPUTATIONS FOR THE SERIES 2016A BONDS WERE PERFORMED ON DECEMBER 1, 2021. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 4000189 PROVISION OF SERVICES 0 X 5 122084 FMV 0 1 0 PART I, LINE 32B: AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION: CHAMPLAIN COLLEGE EDUCATES ADAPTABLE THINKERS, DARING CHANGE-MAKERS, AND INCLUSIVE INNOVATORS WHO SHAPE PROFESSIONS AND INSPIRE COMMUNITIES. CHAMPLAIN'S AGILE AND ENTREPRENEURIAL APPROACH TO HIGHER EDUCATION UNIQUELY BLENDS TECHNOLOGY LEADERSHIP, MARKET SAVVY, INNOVATION AND FISCAL RESPONSIBILITY WITH A COMMITMENT TO LIBERAL LEARNING, COMMUNITY INVOLVMENT AND "THE HUMAN TOUCH." THIS DISTINCTIVE APPROACH PERMEATES THE DELIVERY OF RELEVANT, RIGOROUS STUDENT-CENTERED PROGRAMS IN BUSINESS, ARTS, APPLIED TECHNOLOGY, AND PUBLIC SERVICE. FORM 990, PART III, LINE 4A UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE CAMPUS DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE CAMPUS DIVISIONS, THE COLLEGE HAS FOUR CENTERS OF EXPERIENCE INCLUDING THE LEAHY CENTER FOR DIGITAL FORENSICS & CYBERSECURITY, THE EMERGENT MEDIA CENTER, THE CENTER FOR INNOVATION & ENTREPRENEURSHIP, THE CENTER FOR FINANCIAL LITERACY, THE LEAHY CENTER, THE EMERGENT MEDIA CENTER, THE CENTER FOR COMMUNITY & SOCIAL JUSTICE. EACH CENTER CONNECTS CHAMPLAIN TO THE GREATER BURLINGTON COMMUNITY AND THE WORLD THROUGH ITS SPECIFIC SKILL SET AND EXPERTISE, TURNING THEORY INTO PRACTICE. THE CENTERS ENTRUST STUDENTS WITH RESPONSIBILITY, ENGAGE THEM IN AMBITIOUS GOALS AND EMPOWER THEM WITH LEADERSHIP QUALITIES, SUCH AS CREATIVITY, CONFIDENCE, INSIGHT AND INTEGRITY. THE COLLEGE CURRENTLY HAS ABOUT 1,450 TRADITIONAL UNDERGRADUATE STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. FORM 990, PART III, LINE 4B AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 20 TRADITIONAL RESIDENCE HALLS AND 9 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHITECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE MUCH CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOU'LL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. CHAMPLAIN BELIEVES THAT PROVIDING HOUSING ENABLES THE COLLEGE TO PROVIDE STUDENTS WITH A MORE WELL-ROUNDED EDUCATIONAL EXPERIENCE AND CONTRIBUTES TO GETTING STUDENTS READY FOR LIFE. THE COLLEGE OPERATES A CONFERENCE AND EVENT CENTER WHICH OFFERS A VENUE FOR SPECIAL EVENTS, MEETINGS AND CONFERENCES. ADDITIONALLY, THE COLLEGE'S BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). FORM 990, PART III, LINE 4C CHAMPLAIN COLLEGE ONLINE (CCO) OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS ONLINE TO ADULT LEARNERS WITH DEGREES IN BUSINESS, CYBERSECURITY, GAMING, HEALTHCARE AND INFORMATION TECHNOLOGY. CCO PROGRAMS ARE TAILORED TO THE NEEDS OF AN ADULT STUDENT POPULATION; THEY TAKE INTO ACCOUNT THE VALUE OF PRIOR EDUCATION AND PROFESSIONAL EXPERIENCES. CCO ALSO HOUSES THE COLLEGE'S TRU-ED PROGRAM. TRU-ED IS A BOLD REIMAGING OF WORKFORCE DEVELOPMENT THAT CREATES OPPORTUNITIES FOR ADULTS TO FURTHER THEIR EDUCATION IN CHAMPLAIN COLLEGE'S AWARD-WINNING ONLINE ACADEMIC PROGRAMS AND BRINGS TALENT MANAGEMENT AND FORWARD-THINKING WORKFORCE DEVELOPMENT SOLUTIONS TO EMPLOYERS. THROUGH STRATEGIC ALLIANCES WITH LEADING ORGANIZATIONS IN GOVERNMENT AND INDUSTRY, CHAMPLAIN COLLEGE ONLINE DELIVERS AN AFFORDABLE, ACCESSIBLE AND IMMEDIATELY APPLICABLE HIGHER EDUCATION TO HELP EMPLOYEES GAIN THE SKILLS AND KNOWLEDGE NEEDED TO ENHANCE THEIR CAREERS AND ACHIEVE THEIR ORGANIZATION'S BUSINESS OBJECTIVES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE ACCOUNTING STAFF AT THE COLLEGE IS RESPONSIBLE FOR GATHERING AND DRAFTING THE INFORMATION TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT ACCOUNTANTS. ONCE THE DRAFT IS COMPLETED, IT IS REVIEWED BY THE ASSISTANT TREASURER AND TREASURER. THE COLLEGE ELECTRONICALLY DISTRIBUTES, VIA THE BOARD BOOK, A COMPLETE COPY OF ITS FORM 990 TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE COLLEGE HAS A STATEMENT OF POLICY REGARDING CONFLICT OF INTEREST FOR THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES. ATTACHED TO THE CONFLICT OF INTEREST STATEMENT IS A SCHEDULE OF ALL TRUSTEE, OFFICER AND/OR KEY EMPLOYEES OF THE COLLEGE, AND INDIVIDUALS AND ENTITIES WHO HAVE OR HAVE HAD KEY BUSINESS RELATIONSHIPS WITH THE COLLEGE (E.G., INVESTMENT MANAGERS, LENDERS, OTHER FINANCIAL INSTITUTIONS, KEY VENDORS PROVIDING EITHER GOODS OR SERVICES TO THE COLLEGE). UPON JOINING THE BOARD OF TRUSTEES AND ANNUALLY THEREAFTER, EACH MEMBER OF THE BOARD MUST REVIEW THE SCHEDULE AND COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF ANY CONFLICT OF INTEREST EXISTS BY A VOTING MEMBER OF THE COMMITTEE OR BOARD OF TRUSTEES, THEY MUST RECUSE THEMSELVES OF MATTERS PERTAINING TO A CONFLICT. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE NOT VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY THE COMPENSATION COMMITTEE (THE COMMITTEE) WILL ANNUALLY REVIEW THE REASONABLENESS OF COMPENSATION LEVELS OF ALL OFFICERS ON A POSITION-BY-POSITION BASIS. THE COMMITTEE IS INDEPENDENT AND FREE FROM CONFLICT OF INTEREST. THE COMMITTEE REVIEWS THE NATURE AND SCOPE OF EACH POSITION AND ASSESSES THE BASIS FOR WHICH COMPENSATION IS TO BE PAID TO THE INDIVIDUAL. THE COMMITTEE DETERMINES COMPENSATION FOR ALL OFFICERS, EXCEPT THE PRESIDENT, UPON RECEIPT OF WRITTEN PERFORMANCE REVIEWS AND "VALID MARKET DATA". THE PRESIDENT REVIEWS EACH OFFICER'S PERFORMANCE FOR THE PRIOR YEAR AND SUBMITS A COMPENSATION RECOMMENDATION TO THE COMMITTEE BASED ON A COMBINATION OF "VALID MARKET DATA AND INDIVIDUAL PERFORMANCE. "VALID MARKET DATA" IS DETERMINED USING THE FOLLOWING METHOD: 1.1 DETERMINE THE LIST OF OVERLAP INSTITUTIONS - IDENTIFY OTHER PRIVATE COLLEGES THAT HAVE A HIGH NUMBER OF APPLICANT OVERLAPS WITH CHAMPLAIN. THIS DATA IS FROM THE NATIONAL STUDENT CLEARINGHOUSE, WHICH TRACKS THE COLLEGES TO WHICH STUDENTS APPLY AND ULTIMATELY CHOOSE TO ATTEND. 1.2 USING IRS TAX RETURN DATA (VIA GUIDESTAR), FIND THE MOST RECENT REPORT IDENTIFYING THE MOST HIGHLY COMPENSATED EMPLOYEES AT OVERLAP INSTITUTIONS. 1.3 ADJUST THE REPORTED SALARIES AND BENEFITS BY A PERCENTAGE TO MAKE THEM ROUGHLY COMPARABLE TO CURRENT SALARY DATA. THIS INFLATION FACTOR IS DERIVED FROM NATIONALLY REPORTED HIGHER EDUCATION AVERAGE PAY HIKES IN PAST YEARS. BOTH THE BASE YEAR COMPENSATION, AS WELL AS THE ADJUSTED SALARY, ARE REPORTED BACK TO THE COMMITTEE. 1.4 PROVIDE THE COMMITTEE WITH COMPARISONS OF CHAMPLAIN SALARY AND BENEFITS TO OVERLAP OTHER INSTITUTIONS ON A POSITION-BY-POSITION BASIS NARRATIVE INFORMATION WILL BE PROVIDED, IF SIMILARLY TITLED POSITIONS AT OTHER INSTITUTIONS ARE KNOWN TO DIFFER IN SCOPE OF RESPONSIBILITY. THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT. THIS REVIEW, COMBINED WITH THE "VALID MARKET DATA" DESCRIBED ABOVE, IS DISCUSSED AND CONSIDERED BY THE COMMITTEE WHEN ARRIVING AT THE PRESIDENT'S ANNUAL COMPENSATION PACKAGE. THE DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF EACH MEETING. THE COMPENSATION PROCEDURES OF THE COLLEGE MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE POLICY THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 114,311. CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS 287,565. COLLEGE CHAMPLAIN DU VERMONT 525 SHERBROOK STREET EAST MONTREAL QUEBEC CA H2L 1K2 999999999 EDUCATIONAL CA CHAMPLAIN 1 GREEN MTN HIGHER EDUCATION CONSORTIUM 120 GRAHAM WAY SUITE 120 SHELBURNE VT 05482 901113280 SEE PART VII VT 501(C)(3) 9 N/A 0 CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN EI D02 EH10 999999999 EDUCATIONAL EI CHAMPLAIN C -454075 67414 1.00000 1 CHARITABLE REMAINDER TRUSTS (6) 999999999 CHARITABLE TRUST VT T 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 CHAMPLAIN COLLEGE DUBLIN LIMITED D 3660484 FMV COLLEGE CHAMPLAIN DU VERMONT R 887911 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED R 1254725 FMV CHARITABLE REMAINDER TRUSTS S 98402 FMV PART II, LINE 1, COLUMN (D) THE ORGANIZATION IS A NON-PROFIT ORGANIZATION DESCRIBED IN PARAGRAPH 149(1)(I) OF THE INCOME TAX ACT OF CANADA AND IS EXEMPT FROM TAX. PART II, LINE 2, COLUMN (B) PROMOTING THE EDUCATIONAL PURPOSE AND CONSULTING SERVICES.