GOUCHER COLLEGE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: GOUCHER COLLEGE (EIN 52-0591613)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-08
IRS object ID: 202641289349301214
Schema version: 2024v5.0
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 G
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-08T09:15:39-07:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	520591613	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GOUCHER COLLEGE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GOUC	BusinessNameControlTxt
Phone	4103376000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1021 Dulaney Valley Road	AddressLine1Txt
City	Baltimore	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21204	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Noel Ward	PersonNm
Person Title	AVP for Finance and Controller	PersonTitleTxt
Phone	4103376132	PhoneNum
Signature	2026-05-08	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Kent Devereaux	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1021 Dulaney Valley Road	AddressLine1Txt
City	Baltimore	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21204	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$181,923,665	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.goucher.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1885	FormationYr
Legal Domicile State	MD	LegalDomicileStateCd
Activity Or Mission	Goucher College provides an innovative liberal arts education that prepares students with a broad, humane perspective for a life of inquiry, creativity, and critical and analytical thinking.	ActivityOrMissionDesc
Voting Members Governing Body	31	VotingMembersGoverningBodyCnt
Voting Members Independent	30	VotingMembersIndependentCnt
Total Employee	1243	TotalEmployeeCnt
Total Volunteers	226	TotalVolunteersCnt
Total Gross UBI	$321,236	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$67,499,783	PYContributionsGrantsAmt
CY Contributions Grants	$25,498,990	CYContributionsGrantsAmt
PY Program Service Revenue	$66,180,376	PYProgramServiceRevenueAmt
CY Program Service Revenue	$70,481,179	CYProgramServiceRevenueAmt
PY Investment Income	$5,252,955	PYInvestmentIncomeAmt
CY Investment Income	$20,297,623	CYInvestmentIncomeAmt
PY Other Revenue	$620,480	PYOtherRevenueAmt
CY Other Revenue	$1,067,780	CYOtherRevenueAmt
PY Total Revenue	$139,553,594	PYTotalRevenueAmt
CY Total Revenue	$117,345,572	CYTotalRevenueAmt
PY Grants And Similar Paid	$34,892,743	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$38,166,102	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$38,873,199	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$38,819,673	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$2,510,399	CYTotalFundraisingExpenseAmt
PY Other Expenses	$37,151,903	PYOtherExpensesAmt
CY Other Expenses	$37,226,493	CYOtherExpensesAmt
PY Total Expenses	$110,917,845	PYTotalExpensesAmt
CY Total Expenses	$114,212,268	CYTotalExpensesAmt
PY Revenues Less Expenses	$28,635,749	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,133,304	CYRevenuesLessExpensesAmt
Total Assets BOY	$477,504,242	TotalAssetsBOYAmt
Total Assets EOY	$491,172,321	TotalAssetsEOYAmt
Total Liabilities BOY	$125,464,640	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$123,706,709	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$352,039,602	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$367,465,612	NetAssetsOrFundBalancesEOYAmt
Mission	Goucher College provides an innovative liberal arts education that prepares students with a broad, humane perspective for a life of inquiry, creativity, and critical and analytical thinking. The College's vision is to become a top-100 national liberal arts college known for offering a transformational education that delivers graduates who can solve complex problems within a diverse, global community.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$87,664,055	ExpenseAmt
Grant	$36,957,870	GrantAmt
Revenue	$64,176,687	RevenueAmt
Desc	The College provided an Undergraduate Arts and Sciences education to 981 students. Goucher's academic philosophy is focused on 3Rs: relationships, resilience, and reflection, and coursework reflects the core values of a liberal arts education: proficiency in English composition and in a foreign language, solid foundations in history, abstract reasoning, scientific discovery and experimentation, problem-solving, social structures, and environmental sustainability. A highlight of Goucher's unique liberal arts curriculum is the requirement that all undergraduates must study abroad at least once before graduation, making the College among the first in the nation to make such a bold move in globalized education. Goucher strives to educate the whole student and promotes a broad education over narrow career training. This gives graduates a wide range of professional options and increased ability to take advantage of new opportunities in developing fields-and even the capability to change careers. Goucher students master a range of knowledge, including the communication, critical thinking, and quantitative reasoning skills that U.S. employers overwhelmingly say they want job candidates to have.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$6,153,914	ExpenseAmt
Grant	$1,208,232	GrantAmt
Revenue	$5,871,940	RevenueAmt
Desc	The College provided a graduate education to 478 students. The Welch Center for Graduate and Professional Studies offers a diverse range of academic programs, including: Master of Arts and Master of Fine Arts degrees in areas such as education, teaching, historic preservation, arts administration, cultural sustainability, digital arts, nonfiction, management, and environmental sustainability, plus a post-baccalaureate premedical program. These programs are led by industry leaders who help students strengthen their skills, add to their knowledge base, and create professional opportunities wherever their passions lead.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$399,854	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$432,552	RevenueAmt
Desc	The College provided credit and non-credit continuing studies course work for 510 participants. Goucher is home to the College Board's Advanced Placement (AP) Summer Institute, training teachers in AP courses from across the country and around the world. The Advanced Placement Summer Institute allows teachers to earn graduate credit while gaining College Board-certified preparation in most subject areas offered through AP programs.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$0	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$0	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$0	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$94,217,823	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	Yes (1)	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2336	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1243	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	BD	ForeignCountryCd
Foreign Country	CJ	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (1)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (1)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	31	GoverningBodyVotingMembersCnt
Independent Voting Member	30	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	LA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NV	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Brian Hutzley	PersonNm
Phone	4103373128	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1021 Dulaney Valley Road	AddressLine1Txt
City	Baltimore	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21204	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Kent Devereaux
President	40.00	0.00	Yes (X)	Yes (X)	$341,097	$0	$92,658
Elaine Meyer-Lee
Provost	40.00	0.00		Yes (X)	$233,448	$0	$34,781
Michele Y Ewing
VP for Advancement	40.00	0.00			$249,851	$0	$10,383	Yes (X)
Noel Ward
Associate VP of Finance and Controller	40.00	0.00			$187,760	$0	$45,922		Yes (X)
Lisa Van Riper
VP of Marketing and Communications	40.00	0.00			$193,882	$0	$38,375		Yes (X)
Aarika Camp
VP of Student Affairs	40.00	0.00			$192,713	$0	$21,620	Yes (X)
Erik Thompson
VP for Campus Operations	40.00	0.00			$196,782	$0	$8,227	Yes (X)
Isabel Moreno-Lopez
Associate Provost for Undergraduate Studies and Professor	40.00	0.00			$143,709	$0	$36,244		Yes (X)
Tania Rachkoskie
Associate VP for Enrollment Management	40.00	0.00			$145,686	$0	$32,482		Yes (X)
Justin Smith
Associate VP for Student Well-Being and Dean of Students	40.00	0.00			$143,783	$0	$10,973		Yes (X)
Brian Hutzley
Senior VP for Finance and Operations/CFO	40.00	0.00		Yes (X)	$124,075	$0	$8,263
Cindy Plavier-Truitt Class of 1988
Trustee, Chair	25.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
Faye Polayes Class of 1973
Trustee, Vice Chair	20.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
Janet Farrell Class of 1973
Trustee, Treasurer	10.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
Alice G Pinderhughes Class of 1973
Trustee, Secretary	10.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
Tara Abdullah-Nri Class of 2022
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Deidre Bosley
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Robert Lee Bull Jr Class of 1993
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Melinda J Burdette Class of 1972
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Tinisha J Cheatham
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Marc Cousins Class of 1995
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Cordelia Edwards Class of 2024
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Elizabeth Ellers Class of 1981
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Leda Fuller Favor Class of 1979
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Dr Stefano Fiore
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Ellen Gardner Class of 1983
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Adam Gross
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Damon Highsmith Class of 2003
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Dr Linda Himmelberger Class of 1974
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Miriam Brown Hutchins Class of 1973
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Miriam E Katowitz Class of 1973
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Marcus Loveland
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Dr Michael Okoroafor
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Ruth Rathblott Class of 1991
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Dr Jocelyn Reader Class of 2002
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Kim Shaffir Class of 1983
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Lisa Lyden Stromberg Class of 1983
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Stewart Thomsen
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Marilyn S Warshawsky Class of 1968
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Craig Watson
Trustee	5.00	0.00	Yes (X)		$0	$0	$0
Jonathan Wexler Class of 1994
Trustee	5.00	0.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,152,786	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$339,928	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	55	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line2ContractorAddress/USAddress/AddressLine2Txt
Bon Appetit Management Co
1021 Dulaney Valley Road	Baltimore	MD	21204	Food service provider	$4,798,537
Centers LLC
1220 19th Street	Washington	DC	20036	Event planning and management services	$760,960	Suite 400
Securitas Security Services USA Inc
9 Campus Drive	Parisppany	NJ	07054	Security Service Provider	$542,202
Workday
6110 Stoneridge Mall Road	Pleasanton	CA	94588	Management Information System Consultant	$472,103
Educators Advancement Group Inc dba K-12 Teachers Alliance
20624 Abbey Woods Court North	Frankfort	IL	60423	Program	$412,112

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	36	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$0	MembershipDuesAmt
Fundraising	$21,800	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$5,064,147	GovernmentGrantsAmt
All Other Contributions	$20,413,043	AllOtherContributionsAmt
Noncash Contributions	$1,079,474	NoncashContributionsAmt
Total Contributions	$25,498,990	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Undergraduate Tuition, Room & Board	611310	$64,176,687	$64,176,687	$0	$0
Graduate Tuition, Room & Board	611310	$5,871,940	$5,871,940	$0	$0
Continuing Professional Education	611310	$432,552	$432,552	$0	$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$70,481,179	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,169,299	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$71,146	UnrelatedBusinessRevenueAmt
Exclusion	$3,240,445	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$206,006	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$206,006	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$949,233	RealAmt
Personal	$0	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$872,298	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$76,935	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$76,935	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$58,963	UnrelatedBusinessRevenueAmt
Exclusion	$17,972	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$76,696,367	SecuritiesAmt
Other	$3,829,122	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$62,027,366	SecuritiesAmt
Other	$1,575,805	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$14,669,001	SecuritiesAmt
Other	$2,253,317	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,922,318	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$16,922,318	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$9,925	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$21,800	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$33,539	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$23,614	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	-$23,614	ExclusionAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$96,025	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$69,085	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$26,940	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$26,940	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Pilates	713940	$276,401	$0	$276,401	$0
Pool	713940	$57,018	$0	$57,018	$0
Development Fee	611310	$200,000	$0	$0	$200,000

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$454,100	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$454,100	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$987,519	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$117,345,572	TotalRevenueColumnAmt
Related Or Exempt Func Income	$70,481,179	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$321,236	UnrelatedBusinessRevenueAmt
Exclusion	$21,044,167	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$37,845,132	TotalAmt
Program Services	$37,845,132	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$320,970	TotalAmt
Program Services	$320,970	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,900,095	TotalAmt
Program Services	$654,584	ProgramServicesAmt
Management And General	$875,358	ManagementAndGeneralAmt
Fundraising	$370,153	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$30,477,543	TotalAmt
Program Services	$22,205,661	ProgramServicesAmt
Management And General	$6,819,061	ManagementAndGeneralAmt
Fundraising	$1,452,821	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$744,638	TotalAmt
Program Services	$439,262	ProgramServicesAmt
Management And General	$268,399	ManagementAndGeneralAmt
Fundraising	$36,977	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,430,312	TotalAmt
Program Services	$2,408,315	ProgramServicesAmt
Management And General	$941,206	ManagementAndGeneralAmt
Fundraising	$80,791	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$2,267,085	TotalAmt
Program Services	$1,596,008	ProgramServicesAmt
Management And General	$550,137	ManagementAndGeneralAmt
Fundraising	$120,940	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$422,129	TotalAmt
Program Services	$179,487	ProgramServicesAmt
Management And General	$239,670	ManagementAndGeneralAmt
Fundraising	$2,972	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$157,151	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$157,151	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$15,911	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$15,911	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Fundraising	$0	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,260,263	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$2,260,263	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,499,994	TotalAmt
Program Services	$2,600,255	ProgramServicesAmt
Management And General	$801,102	ManagementAndGeneralAmt
Fundraising	$98,637	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$619,269	TotalAmt
Program Services	$112,531	ProgramServicesAmt
Management And General	$451,598	ManagementAndGeneralAmt
Fundraising	$55,140	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,715,192	TotalAmt
Program Services	$2,349,394	ProgramServicesAmt
Management And General	$327,453	ManagementAndGeneralAmt
Fundraising	$38,345	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$3,246,570	TotalAmt
Program Services	$2,026,452	ProgramServicesAmt
Management And General	$1,220,035	ManagementAndGeneralAmt
Fundraising	$83	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,950,585	TotalAmt
Program Services	$1,428,798	ProgramServicesAmt
Management And General	$483,613	ManagementAndGeneralAmt
Fundraising	$38,174	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$886,125	TotalAmt
Program Services	$828,648	ProgramServicesAmt
Management And General	$33,486	ManagementAndGeneralAmt
Fundraising	$23,991	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$161,932	TotalAmt
Program Services	$142,681	ProgramServicesAmt
Management And General	$17,990	ManagementAndGeneralAmt
Fundraising	$1,261	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,038,404	TotalAmt
Program Services	$3,727,528	ProgramServicesAmt
Management And General	$287,686	ManagementAndGeneralAmt
Fundraising	$23,190	FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$9,163,099	TotalAmt
Program Services	$8,613,313	ProgramServicesAmt
Management And General	$458,155	ManagementAndGeneralAmt
Fundraising	$91,631	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$972,393	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$972,393	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Food Service Costs	$4,585,704	$4,585,704	$0	$0
Study Abroad	$836,423	$836,423	$0	$0
Other Administrative	$1,002,425	$748,932	$252,560	$933
Food	$692,924	$567,745	$50,819	$74,360

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$114,212,268	TotalAmt
Program Services	$94,217,823	ProgramServicesAmt
Management And General	$17,484,046	ManagementAndGeneralAmt
Fundraising	$2,510,399	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,211,241	BOYAmt
EOY	$4,262,400	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,220,711	BOYAmt
EOY	$1,221,029	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,236,135	BOYAmt
EOY	$8,753,566	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,427,873	BOYAmt
EOY	$2,229,642	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,406,886	BOYAmt
EOY	$2,367,904	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$321,481,300	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$166,436,320	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$155,441,287	BOYAmt
EOY	$155,044,980	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$188,388,418	BOYAmt
EOY	$187,289,229	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$83,338,499	BOYAmt
EOY	$110,771,111	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,735,254	BOYAmt
EOY	$5,135,728	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$33,097,938	BOYAmt
EOY	$14,096,732	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$477,504,242	BOYAmt
EOY	$491,172,321	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,636,195	BOYAmt
EOY	$6,875,035	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,496,053	BOYAmt
EOY	$2,962,718	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$106,145,277	BOYAmt
EOY	$105,862,637	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$2,800,000	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$8,387,115	BOYAmt
EOY	$8,006,319	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$125,464,640	BOYAmt
EOY	$123,706,709	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$68,052,974	BOYAmt
EOY	$53,062,696	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$283,986,628	BOYAmt
EOY	$314,402,916	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$352,039,602	BOYAmt
EOY	$367,465,612	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$477,504,242	BOYAmt
EOY	$491,172,321	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$3,133,304	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$13,265,010	NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Investment Expense	$0	InvestmentExpenseAmt
Prior Period Adjustments	$0	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	-$972,304	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$23,481,871	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,369,740	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,779,121	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$67,499,783	CurrentTaxYearMinus1YearAmt
Current Tax Year	$25,498,990	CurrentTaxYearAmt
Total	$149,629,505	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$23,481,871	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,369,740	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,779,121	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$67,499,783	CurrentTaxYearMinus1YearAmt
Current Tax Year	$25,498,990	CurrentTaxYearAmt
Total	$149,629,505	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$71,213,431	SubstantialContributorsTotAmt
Public Support Total170	$78,416,074	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,389,826	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,065,047	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,925,779	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,323,935	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,304,028	CurrentTaxYearAmt
Total	$11,008,615	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$164,469	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,748,901	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$705,121	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$675,126	CurrentTaxYearMinus1YearAmt
Current Tax Year	$750,125	CurrentTaxYearAmt
Total	$5,043,742	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$165,681,862	TotalSupportAmt
Gross Receipts Rltd Activities	$335,203,735	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.47329	PublicSupportCY170Pct
Public Support PY170	0.50208	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule A, Part II, Line 10	FormAndLineReferenceDesc
Explanation	Includes income from other revenue ($664,025), fundraising events ($9,925) and inventory ($96,025)	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

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)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	Yes (1)	VolunteersInd
Paid Staff Or Management	Yes (1)	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (1)	DirectContactLegislatorsInd
Direct Contact Legislators	$5,971	DirectContactLegislatorsAmt
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	Yes (1)	OtherActivitiesInd
Other Activities	$9,940	OtherActivitiesAmt
Total Lobbying Expenditures	$15,911	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1	FormAndLineReferenceDesc
Explanation	Members of Goucher's senior management team, faculty, staff and a select number of students participate in the annual Independent Higher Education Day. The event was sponsored by the Maryland Independent College and University Association (MICUA), of which Goucher is a member, and brought students and administrators from across the state to Maryland's capital for a briefing and visits with elected officials. In addition, members of Goucher's staff met with elected officials on behalf of the College. The associated compensation for these activities is reported on lines 1g. The organization paid membership dues of $7,713 to the National Association of Independent Colleges and Universities (NAICU) and $58,752 to the Maryland Independent Colleges and Universities Association (MICUA), both of which engage in lobbying activity. NAICU set aside approximately 7% of the dues paid to engage in non-deductible lobbying and political expenditures. MICUA set aside approximately 16% of the dues paid to engage in non-deductible lobbying and political expenditures. Accordingly, the College has reported an equal amount on line 1i.	ExplanationTxt

Schedule D IRS990ScheduleD

Held Works Art HeldWorksArtGrp

Field	Value	IRS element (for citing)
Revenues Included	$0	RevenuesIncludedAmt
Assets Included	$0	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

Field	Value	IRS element (for citing)
Collection Used Other Purposes	Yes (X)	CollectionUsedOtherPurposesInd
Other Purposes	Education	OtherPurposesDesc

Field	Value	IRS element (for citing)
Solicited Assets Sale	0	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$292,650,000	BeginningYearBalanceAmt
Contributions	$3,933,000	ContributionsAmt
Investment Earnings Or Losses	$29,991,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,913,000	GrantsOrScholarshipsAmt
Other Expenditures	$20,567,000	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$300,094,000	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$239,770,000	BeginningYearBalanceAmt
Contributions	$49,324,000	ContributionsAmt
Investment Earnings Or Losses	$22,508,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,896,000	GrantsOrScholarshipsAmt
Other Expenditures	$13,056,000	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$292,650,000	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$243,311,000	BeginningYearBalanceAmt
Contributions	$4,964,000	ContributionsAmt
Investment Earnings Or Losses	$11,220,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,360,000	GrantsOrScholarshipsAmt
Other Expenditures	$14,365,000	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$239,770,000	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$259,341,000	BeginningYearBalanceAmt
Contributions	$5,677,000	ContributionsAmt
Investment Earnings Or Losses	-$9,759,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,879,000	GrantsOrScholarshipsAmt
Other Expenditures	$7,069,000	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$243,311,000	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$191,378,000	BeginningYearBalanceAmt
Contributions	$73,947,000	ContributionsAmt
Investment Earnings Or Losses	$5,993,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,842,000	GrantsOrScholarshipsAmt
Other Expenditures	$7,135,000	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$259,341,000	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.062	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.506	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.432	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (1)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$14,780,348	OtherCostOrOtherBasisAmt
Book Value	$14,780,348	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$261,749,957	OtherCostOrOtherBasisAmt
Depreciation	$138,640,174	DepreciationAmt
Book Value	$123,109,783	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$0	OtherCostOrOtherBasisAmt
Depreciation	$0	DepreciationAmt
Book Value	$0	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$34,323,356	OtherCostOrOtherBasisAmt
Depreciation	$27,796,146	DepreciationAmt
Book Value	$6,527,210	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$10,627,639	OtherCostOrOtherBasisAmt
Depreciation	$0	DepreciationAmt
Book Value	$10,627,639	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$155,044,980	TotalBookValueLandBuildingsAmt

Financial Derivatives FinancialDerivativesGrp

Field	Value	IRS element (for citing)
Book Value	$0	BookValueAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

Field	Value	IRS element (for citing)
Book Value	$0	BookValueAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Hedge Funds	$41,317,269	F
Limited Partnership Interest	$69,453,842	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$110,771,111	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
Payables and deferred revenues under split interest arrangements	$981,243
Asset retirement obligation	$2,198,443
Other long-term liabilities	$4,826,633

Field	Value	IRS element (for citing)
Total Liability	$8,006,319	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$90,460,000	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$13,265,010	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants	$0	RecoveriesPriorYearGrantsAmt
Other Revenue	-$41,124,893	OtherRevenueAmt
Revenue Not Reported	-$27,859,883	RevenueNotReportedAmt
Revenue Subtotal	$118,319,883	RevenueSubtotalAmt
Investment Expenses Not Incld	$0	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	-$974,311	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$974,311	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$117,345,572	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$75,034,000	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$0	DonatedServicesUseFcltsAmt
Prior Year Adjustments	$0	PriorYearAdjustmentsAmt
Losses Reported	$0	LossesReportedAmt
Other Expenses Included	$974,321	OtherExpensesIncludedAmt
Expenses Not Reported	$974,321	ExpensesNotReportedAmt
Expenses Subtotal	$74,059,679	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$0	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$40,152,589	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$40,152,589	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$114,212,268	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part III, Line 1	The College did not disclose its collection and related policies in its financial statements.
Schedule D, Part III, Line 4	The College art collection is comprised of works of fine art, including two-dimensional and three-dimensional art objects and miscellaneous objects of value. The art collection is owned by the College. Art objects are housed in buildings or on the campus grounds of the 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 exhibitions in furtherance of the exempt purposes of the College.
Schedule D, Part V, Line 4	The endowment of Goucher College generated income to support the College both generally and in specific ways designated by our generous donors. Income, allocated across approximately 700 endowments, supports both merit and need-based scholarships of undergraduate and graduate students; fellowships; internships; professorships; lectureships; the College library; and the College's general operating budget.
Schedule D, Part X, Line 2	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 2025 or 2024. Management has analyzed the tax positions taken by the College and has concluded that as of June 30, 2025, and 2024, there are no uncertain positions taken or expected to be taken that would require recognition or disclosure in the accompanying financial statements. The College is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress.
Schedule D, Part XI, Line 2d	Includes student financial aid of $37,644,826, Revenue share of $315,489 paid to a service provider, investment fees of $2,260,263, unrealized loss on swap agreement of $972,304 and the reclcassification of intercompany revenue against expenses of ($67,989).
Schedule D, Part XI, Line 4b	Includes rental expenses of ($872,298), fundraising expenses of ($33,539), cost of good sold of ($69,085), presented net within revenues and a rounding difference of $611.
Schedule D, Part XII, Line 2d	Includes rental expenses of $872,298, fundraising expenses of $33,539, cost of good sold of $69,085, presented net within revenues and a rounding difference of ($601).
Schedule D, Part XII, Line 4b	Includes student financial aid of $37,644,826, Revenue share of $315,489 paid to a service provider, investment fees of $2,260,263 and the reclcassification of intercompany revenue against expenses of ($67,989).

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule E, Part I, Line 3

The College's racially nondiscriminatory policy is published in the academic catalog, student handbook, and on the Colleges' website.

Schedule E, Part I, Line 6

The College participates in the following federal programs which provide financial aid to undergraduate and graduate students: Pell Grant Program, Supplemental Educational Opportunity Grant Program, Federal Work Study Program, Perkins Loan Program, Federal Direct Student Loans, and Teacher Education Assistance for College and Higher Education. The College also received grants from the Maryland State Department of Education, Maryland Higher Education Commission and participates in the Maryland Sellinger Program. In addition, the College was awarded sponsored research and other program grants funded by the National Science Foundation, National Institute of Health, National Endowment for the Humanities, and the US Department of Education.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean	Investments	Investments	$66,648,702
Central America and the Caribbean	Program Services	Tuition, room, board, program	$119,273
East Asia and the Pacific	Program Services	Tuition, room, board, program	$179,769
Europe (including Iceland and Greenland)	Program Services	Tuition, room, board, program	$584,123
Middle East and North Africa	Program Services	Tuition, room, board, program	$10,398
North America (including Canada and Mexico, but not the United States)	Program Services	Program	$30,559
South America	Program Services	Tuition, room, board, program	$8,458
South Asia	Program Services	Tuition, room, board, program	$47,090
Sub-Saharan Africa	Program Services	Tuition, room, board, program	$7,965

Field	Value	IRS element (for citing)
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Total Spent	$67,636,337	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc
Student Financial Aid	Central America and the Caribbean	15	$45,145	credit to student account	$0	cash value
Student Financial Aid	East Asia and the Pacific	19	$76,496	credit to student account	$0	cash value
Student Financial Aid	Europe (including Iceland and Greenland)	9	$185,329	credit to student account	$0	cash value
Student Financial Aid	Sub-Saharan Africa	4	$14,000	credit to student account	$0	cash value

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule F, Part I, Line 2	Goucher College provides institutional grant funds limited to need-based and merit-based financial assistance to its students while they participate in study abroad experiences. Goucher College's comprehensive program of need-based and merit-based financial assistance is managed by the Office of Student Financial Aid, in cooperation with the Office of Global Education. Financial need is determined by subtracting the Student Aid Index as calculated on the Free Application for Federal Student Aid (FAFSA) 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 those requirements is also overseen by the Office of Student Financial Aid, in cooperation with the Office of Global Education.
Schedule F, Part IV, Line 1	The College, through its investment in various alternative assets, has transfers to foreign corporations during the year. The organization has transferred funds to foreign corporations through its alternative investment vehicles and will be filing Forms 926 with their Form 990T.
Schedule F, Part IV, Line 3	The College, through its investment in various alternative assets, has interest in foreign corporations. However, the College's interest in any single foreign corporation was less than 10 percent. Accordingly, the College is not required to file Form 5471.
Schedule F, Part IV, Line 4	The College, through its investment in various alternative assets and common collective trusts, was a direct or indirect shareholder of a passive foreign investment company or qualifying electing fund. In these cases, the investment manager files Form 8621 on its investors' behalf. Accordingly, the College is not required to file Form 8621.
Schedule F, Part IV, Line 5	The College, through its investment in various alternative assets, holds interests in foreign partnerships. Although the College owned less than 10 percent of any single foreign partnership, during the tax year it directly or indirectly transferred more than $100,000 to one or more foreign partnerships. Accordingly, the College is required to file Form 8865 and has complied with the applicable filing requirements.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	Golf Tournament	Event1Nm
Gross Receipts Event1	$11,400	GrossReceiptsEvent1Amt
Charitable Contri Event1	$6,075	CharitableContriEvent1Amt
Gross Revenue Event1	$5,325	GrossRevenueEvent1Amt
Cash Prizes Event1	$0	CashPrizesEvent1Amt
Non Cash Prizes Event1	$0	NonCashPrizesEvent1Amt
Rent Facility Costs Event1	$0	RentFacilityCostsEvent1Amt
Food And Beverage Event1	$6,095	FoodAndBeverageEvent1Amt
Entertainment Event1	$6,660	EntertainmentEvent1Amt
Other Direct Expenses Event1	$3,430	OtherDirectExpensesEvent1Amt
Event2	Jewel Robinson Dinner	Event2Nm
Gross Receipts Event2	$20,325	GrossReceiptsEvent2Amt
Charitable Contri Event2	$15,725	CharitableContriEvent2Amt
Gross Revenue Event2	$4,600	GrossRevenueEvent2Amt
Cash Prizes Event2	$0	CashPrizesEvent2Amt
Non Cash Prizes Event2	$210	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$0	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$14,768	FoodAndBeverageEvent2Amt
Entertainment Event2	$0	EntertainmentEvent2Amt
Other Direct Expenses Event2	$2,376	OtherDirectExpensesEvent2Amt
Other Events Total	0	OtherEventsTotalCnt
Gross Receipts Total	$31,725	GrossReceiptsTotalAmt
Charitable Contributions Tot	$21,800	CharitableContributionsTotAmt
Gross Revenue Total Events	$9,925	GrossRevenueTotalEventsAmt
Cash Prizes Total Events	$0	CashPrizesTotalEventsAmt
Non Cash Prizes Total Events	$210	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$0	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$20,863	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$6,660	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$5,806	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$33,539	DirectExpenseSummaryEventsAmt
Net Income Summary	-$23,614	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc
Undergraduate and graduate grants, scholarships, and discounts	1579	$37,323,856	$0	Cash Value
Prizes, awards, internships, and fellowships	302	$521,276	$0	Cash Value

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2	FormAndLineReferenceDesc
Explanation	Goucher College's institutional grant funds are limited to need-based and merit-based financial assistance for attendance at the College. Goucher College's comprehensive program of need-based and merit-based financial assistance is managed by the Office of Student Financial Aid. Financial need is determined by subtracting the Expected Family Contribution - as calculated on the Free Application for Federal Student Aid (FAFSA) 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 those requirements is also overseen by the Office of Student Financial Aid.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Kent Devereaux
President	$336,542	$0	$0	$0	$4,555	$0	$60,781	$0	$33,238	$0	$435,116	$0	$0	$0
Elaine Meyer-Lee
Provost	$231,957	$0	$0	$0	$1,491	$0	$9,920	$0	$24,861	$0	$268,229	$0	$0	$0
Michele Y Ewing
VP for Advancement	$248,782	$0	$0	$0	$1,069	$0	$10,361	$0	$23	$0	$260,235	$0	$0	$0
Erik Thompson
VP for Campus Operations	$195,850	$0	$0	$0	$932	$0	$8,156	$0	$71	$0	$205,009	$0	$0	$0
Lisa Van Riper
VP of Marketing and Communications	$192,628	$0	$0	$0	$1,254	$0	$6,468	$0	$89,207	$0	$289,557	$0	$0	$0
Aarika Camp
VP of Student Affairs	$191,919	$0	$0	$0	$794	$0	$8,134	$0	$13,486	$0	$214,333	$0	$0	$0
Noel Ward
Associate VP of Finance and Controller	$187,394	$0	$0	$0	$366	$0	$7,491	$0	$38,431	$0	$233,682	$0	$0	$0
Tania Rachkoskie
Associate VP for Enrollment Management	$145,409	$0	$0	$0	$277	$0	$5,875	$0	$28,512	$0	$180,073	$0	$0	$0
Justin Smith
Associate VP for Student Well-Being and Dean of Students	$143,684	$0	$0	$0	$99	$0	$0	$0	$10,973	$0	$154,756	$0	$0	$0
Isabel Moreno-Lopez
Associate Provost for Undergraduate Studies and Professor	$143,242	$0	$0	$0	$467	$0	$5,790	$0	$30,454	$0	$179,953	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule J, Part I, Line 1a

A residence and limited personal services are provided for the convenience of the College and as a condition of employment. A housing allowance of $29,705 is included in the President's non-taxable compensation. The club memberships provide President Devereaux with access to conveniently located and cost-efficient spaces for meetings with donors, which may take place over meals, as well as reciprocal club spaces domestically and internationally. The University Club in New York, where many donors and trustees live, also offers a reduced price for overnight accommodations in comparison to area hotels. This club has a specific membership tier and reduced fee for college and university presidents that reflects the non-profit status of these institutions. All expenses incurred and billed to the College at these clubs are exclusively for College business. Club dues of $1,361 is included a non-taxable fringe benefit. In addition, the College provides a de minims gross-up payment to senior staff to cover the tax impact of long-term disability insurance.

Schedule J, Part I, Line 4

The College provides a deferred compensation plan (the Plan) pursuit to 457(f) of the Internal Revenue Code of 1986, as amended, for the benefit of the President. The Plan provides additional compensation for his continued service, by the payment of a deferred compensation amount. The amount, as provided under his contract, is credited to an account on July 1, accrues interest monthly. Amounts accrued through June 30, 2023 was payable in September following the fiscal year end. Beginning July 1, 2023, amounts accrued are payable in September 2027. The amount vests as of the payment date, and is forfeited in the event of voluntarily termination of employment, or termination for cause.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Business Name Line2IssuerName/BusinessNameLine2Txt	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
MD Health and Higher Educational Facilities Authority
A	Goucher College Issue Series 2017A	520936091	5742182H5	2017-06-20	$60,565,232	Refund MHHEFA Series 2012A and 2017B bonds and finance certain capital projects	0	0	0
MD Health and Higher Educational Facilities Authority
B	Series 2022	520936091		2022-08-01	$48,854,000	Refunding the refunded bonds and financing and refinancing the 2022 Project	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$1,860,000	$0	$60,565,232	$1,122,474	$0	$0	$1,068,599	$0	$0	$0	$60,488,631	$0	2017	Yes (1)	0	Yes (1)	Yes (1)
B	$257,000	$0	$49,265,656	$0	$0	$0	$0	$0	$0	$5,066,094	$40,367,196	$4,013,254	2026	Yes (1)	0	0	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Any Research AgreementsAnyResearchAgreementsInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Private Bus Concerning UBIPrivateBusConcerningUBIPct	Total Private Business UseTotalPrivateBusinessUsePct	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	Yes (1)	Yes (1)	0	0	0	0	0	0	Yes (1)
B	0	0	Yes (1)	Yes (1)	0	0	0	0	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	0	0	Yes (1)	0	0	0	0	Yes (1)
B	0	Yes (1)	0	0	Yes (1)	0	0	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule K, Part II, Line 3-06/20/2017 60,565,232 MD Health and Higher Educational Facilities Author	Total proceeds of issue includes interest
Schedule K, Part IV, Line 2c-06/20/2017 60,565,232 MD Health and Higher Educational Facilities Autho	Hilltop Securities prepared Goucher College's MHHEFA Series 2017A rebate calculation as of 10/26/21 and determined no rebate was due.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$0	NoncashContributionsRptF990Amt
Method Of Determining Revenues	policy	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	29	ContributionCnt
Noncash Contributions Rpt F990	$1,079,474	NoncashContributionsRptF990Amt
Method Of Determining Revenues	NYSE	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Horse	4	$0	policy
Yes (X)	Equestrian program items	1	$0	policy

Field	Value	IRS element (for citing)
Form8283 Received	7	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule M, Part I	The number reported in column (b) represents the number of items contributed, except for line 9 - securities, where all securities donated on one day by the same donor were counted as one contribution.
Schedule M, Part I, Line 33	It is the policy of the College to record works of art, books, horses and other non-cash gifts received at a book value of zero.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11b	The complete Form 990 was electronically distributed to all members of the Board of Trustees for a period of review and comment lasting 7 days. In addition, the Form 990 was reviewed and approved for filing by the Audit and Risk Management Committee upon completion of the Board of Trustee review.
Form 990, Part VI, Section B, Line 12c	Every trustee, officer and key employee is provided a copy of the Conflict-of-Interest Policy annually and required to complete an annual disclosure form reporting any known material financial or other interest of the trustee, officer or key employee or a family member in any transaction or business relationship the College has or is considering, including material financial or other interests in any outside entity involved in such transaction or relationship. The CFO and/or Director of Risk Management, Insurance & Contracts reviews the disclosure forms and reports any disclosures to the Audit and Risk Committee of the Board of Trustees. Committee members then determine what, if any, action should be taken as to each disclosure and these actions are implemented by the CFO and/or Director of Risk Management, Insurance & Contracts. The policy directs the committee to review and update the list of the key employees, and the policy itself is reviewed on a regular basis and revised as necessary.
Form 990, Part VI, Section B, Line 15	Goucher College uses the median of relevant national markets to determine salary for positions. The national comparison market was established based on institution type (private, not-for-profit Baccalaureate: Arts & Science Focus institutions in the U.S.), total enrollment (750 - 2,500), total expenses ($50M - $125M), total FTE (300-750), and Degree of Urbanization (excludes rural institutions). After conducting a geographic analysis on cost of labor, the College applied a 5% premium to account for the Baltimore cost of labor difference against the U.S. average for all positions. For staff positions, the median of the market for private, independent colleges using CUPA-HR salary survey data was used, along with two general industry salary surveys, Comp Analyst and Willis Towers Watson. For faculty positions, the median of the market for private, independent colleges using CUPA-HR salary survey data was used based on rank and discipline as defined by the four-digit Classification net of Instructional Programs (CIP) code; two-digit codes were used when four-digit data was not available. This compensation philosophy was discussed and agreed to by the President's Cabinet. A Presidential performance review form is used by the Board to evaluate the president's performance. A copy of the report is maintained by the Associate Vice President for Human Resources.
Form 990, Part VI, Section C, Line 19	The governing documents, conflict of interest policy, and audited financial statements are available to the public upon request. Some policies are also available on the College website.
Form 990, Part XI, Line 9	Change in fair value of interest rate swap agreement $-972,304

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Direct Controlling NADirectControllingNACd	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
Pooled Income Fund (2)
1021 Dulaney Valley Road	Baltimore	MD	21204	Annuity	MD	N/A	T	0
Charitable Remainder Unitrust (3)
1021 Dulaney Valley Road	Baltimore	MD	21204	Annuity	MD	N/A	T	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd