2024-05-08T15:46:00-05:00 2023-06-30 541029635 THOMPSON GREENSPON 4035 RIDGE TOP RD SUITE 700 FAIRFAX VA 22030 990 2022-07-01 520591608 HOOD COLLEGE HOOD 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 ROB KLINEDINST VP FOR FINANCE AND TREASURER 3016963131 2024-05-07 1 ROB KLINEDINST 999009999 0 TRACY M MOREY CPA P01521539 7033858888 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROB KLINEDINST 401 ROSEMONT AVENUE FREDERICK MD 21701 129325157 0 X WWW.HOOD.EDU X 1893 MD THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT. 28 28 1009 48 480566 0 21095641 12973653 65716769 71829795 8818241 2127983 0 0 95630651 86931431 31886935 33685940 0 0 24852648 25769402 0 0 1890246 25767808 28158974 82507391 87614316 13123260 -682885 229962130 248591192 45957714 58476546 184004416 190114646 X THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT. 0 0 69149705 33685940 71829795 HIGHER EDUCATION-FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE 30 MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 20 MASTER'S DEGREES, 2 DOCTORAL PROGRAMS, AND 13 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2022, TOTAL ENROLLMENT WAS 2,056 STUDENTS COMPRISED OF 1,202 UNDERGRADUATE AND 854 STUDENTS SEEKING GRADUATE DEGREES AND CERTIFICATIONS. 69149705 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 230 0 1 1009 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X X CHRISTINE SNEERINGER 3016963859 401 ROSEMONT AVENUE FREDERICK MD 21701 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT 60.00 X 406119 0 114911 DEBORAH RICKER VP, ACADEMIC AFFAIRS & PRO 40.00 X 192241 0 23373 WILLIAM J BROWN JR VP, ENROLLMENT MANAGEMENT 40.00 X 166381 0 30526 NANCY GILLECE VP, INSTITUTIONAL ADVANCEM 40.00 X 164160 0 18961 WILLIAM HOBBS CHIEF INFORMATION OFFICER 40.00 X 126194 0 23008 TAMMI SIMPSON VP OF EQUITY & INCLUSION 40.00 X 130196 0 15527 LAURIE WARD VP OF COMMUNICATIONS 40.00 X 126033 0 16130 APRIL BOULTON AMBERMAN DEAN OF GRADUATE SCHOOL 40.00 X 126254 0 6483 CHARLES G MANN TREASURER AND VP,FINANCE (RETIRED) 40.00 X 115181 0 15502 DIANE WISE SECRETARY 40.00 X 80355 0 20617 ROBERT KLINEDINST TREASURER AND VP,FINANCE 40.00 X 83209 0 14703 JUDITH MESSINA CHAIR 2.00 X X 0 0 0 TONYA THOMAS FINTON VICE CHAIR 2.00 X X 0 0 0 LINDA J ALLAN BOARD MEMBER 2.00 X 0 0 0 ARTHUR O ANDERSON BOARD MEMBER 2.00 X 0 0 0 PHILIP W BOWERS BOARD MEMBER 2.00 X 0 0 0 MANUEL A CASIANO BOARD MEMBER 2.00 X 0 0 0 CHERYL B DREILING BOARD MEMBER 2.00 X 0 0 0 MARK E FRIIS BOARD MEMBER 2.00 X 0 0 0 SUSAN MURAWSKI GANLEY BOARD MEMBER 2.00 X 0 0 0 SUSAN J GEAREY BOARD MEMBER 2.00 X 0 0 0 THERESA R HARRRISON BOARD MEMBER 2.00 X 0 0 0 EDITH HOWARD HOGAN BOARD MEMBER 2.00 X 0 0 0 MICHAEL F HOSFORD BOARD MEMBER 2.00 X 0 0 0 THOMAS A KLEINHANZL BOARD MEMBER 2.00 X 0 0 0 ELEANOR CHISHOLM LANDAUER BOARD MEMBER 2.00 X 0 0 0 MATTHEW C MCGREEVY BOARD MEMBER 2.00 X 0 0 0 MARGARET A MUNCIE BOARD MEMBER 2.00 X 0 0 0 CATHY NACE BOARD MEMBER 2.00 X 0 0 0 CYNTHIA NEWBY BOARD MEMBER 2.00 X 0 0 0 PHILLIP PITTMAN BOARD MEMBER 2.00 X 0 0 0 BEATRICE ANNE REAVER BOARD MEMBER 2.00 X 0 0 0 PHILIP S RENAUD II BOARD MEMBER 2.00 X 0 0 0 LANCE W SLAUGHTER BOARD MEMBER 2.00 X 0 0 0 JOHN H TISDALE BOARD MEMBER 2.00 X 0 0 0 ALDAN T WEINBERG BOARD MEMBER 2.00 X 0 0 0 KATHLEEN WESLOCK BOARD MEMBER 2.00 X 0 0 0 CHARLOTTE S WHITENIGHT BOARD MEMBER 2.00 X 0 0 0 MARLENE GROSSNICKLE YOUNG BOARD MEMBER 2.00 X 0 0 0 1716323 0 299741 12 0 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 FACILITIES MANAGEMENT 4244828 ARAMARK DINING SERVICES 5271 ELLIOT ROAD BUTLER PA 16001 FOOD SERVICES 3208200 EAB PO BOX 603519 CHARLOTTE NC 28260 ENROLLMENT MANAGEMENT/ADMISSIONS CONSULT 827171 CCSINC 108 BYTE DRIVE SUITE 200 FREDERICK MD 21702 GENERAL CONTRACTOR 772507 KBE BUILDING CORPORATION 7150 COLUMBIA GATETWY DR SUITE A COLUMBIA MD 21046 GENERAL CONTRACTOR 721171 20 6285728 6687925 245449 12973653 GROSS TUITION 611600 57912943 57912943 AUXILIARY ENTERPRISES 713990 10225487 9744921 480566 OTHER EDUCATIONAL AND GENERAL 611600 3691365 3691365 71829795 2201152 2201152 42320557 42393726 -73169 -73169 -73169 86931431 71349229 480566 2127983 X 33685940 33685940 1308353 864373 397908 46072 19493992 12878857 5928682 686453 743601 491266 226150 26185 2673983 1766588 813235 94160 1549473 1023672 471239 54562 84651 55925 25745 2981 49124 32454 14940 1730 248895 248895 10019223 6619277 3047134 352812 371242 245264 112905 13073 962000 635553 292572 33875 2082252 1375656 633273 73323 1387285 916521 421913 48851 6342665 4190331 1928986 223348 1530597 1011201 465498 53898 UTILITIES AND TELECOMMU 2613542 1726657 794853 92032 FEES AND RELATED EXPENS 903904 597170 274903 31831 POSTAGE, DUPLICATING AN 589873 389704 179397 20772 RENTALS AND LEASES 516868 341473 157194 18201 456853 301823 138943 16087 87614316 69149705 16574365 1890246 2009651 5812220 389180 337467 2728147 2029010 2610776 2319697 513621 183628 190892681 96892378 89865481 94000303 52964734 63106360 63104166 63612733 15776374 17189774 229962130 248591192 4055424 6835573 34319452 36653788 2826082 2551039 4756756 12436146 45957714 58476546 X 54356212 53999821 129648204 136114825 184004416 190114646 229962130 248591192 X -682885 6759471 33644 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 0 1 1 0.00 0 127676674 1596276 9506237 5559009 133220178 134228547 9820880 -11517424 4855329 127676674 104533967 5105644 29176423 4587487 134228547 106904639 3216682 -997943 4589411 104533967 99715827 6544158 4993731 4349077 106904639 0.05180 0.22660 0.72160 1 0 544775 544775 115284728 50641575 64643153 35480475 19972546 15507929 30238161 25275457 4962704 9344542 1002800 8341742 94000303 FIXED INCOME BONDS 15407689 F REAL ESTATE INVESTMENTS 8647840 F HEDGE FUNDS/ALTERNATIVE 39557204 F 63612733 INTEREST HELD IN TRUST BY OTHERS 8866470 CASH AND SHORT TERM INVESTMENTS 818396 INTEREST RATE SWAP 2278070 RIGHT OF USE ASSETS 5226838 17189774 SPLIT INTEREST AGREEMENTS 1317326 REFUNDABLE ADVANCES FROM US GOVERNMENT 1401551 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1141382 DEFERRED BUILDING IMPROVEMENT LIABILITIES 2705622 LEASE LIABILITIES - OPERATING LEASES 5296087 LEASE LIABILITIES - FINANCE LEASES 574178 12436146 X 59789711 6759471 1979962 8739433 51050278 248895 35632258 35881153 86931431 53679481 0 53679481 248895 33685940 33934835 87614316 PART II, LINE 9: THE CONSERVATION EASEMENT IS NOT REPORTED ON THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR INSTRUCTION, SCHOLARSHIPS, AND ACADEMIC SUPPORT. PART X, LINE 2: THE COLLEGE FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO INCOME STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE COLLEGE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 532,395 AND INTEREST RATE SWAP AGREEMENT $1,447,567. PART XI, LINE 4B PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $28,829,696, FINANCIAL AID SCHOLARSHIPS FUNDED $4,856,244, AND DEBIT ADJUSTMENT TO CONTRIBUTIONS IN AUDIT YEAR 1,946,318. PART XII, LINE 4B PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $28,829,696, FINANCIAL AID SCHOLARSHIPS FUNDED $4,856,244. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PLACED ON ALL PUBLICATIONS AND PRINTED MATERIALS. SPECIFICALLY, THE POLICY APPEARS ON THE APPLICATION MATERIALS, LETTERS TO POTENTIAL STUDENTS AND ON THE ORGANIZATION'S WEBSITE. SCHEDULE E, PART I, LINE 6 HOOD COLLEGE RECEIVES THE FOLLOWING FEDERAL ASSISTANCE: DIRECT STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION AND THE STATE OF MARYLAND. US DEPARTMENT OF EDUCATION PASS-THROUGH GRANT FUNDING FROM THE STATE OF MARYLAND. GRANT AWARDS FROM MARYLAND DEPARTMENT OF COMMERCE, US DEPARTMENT OF COMMERCE, US DEPARTMENT OF DEFENSE, US DEPARTMENT OF AGRICULTURE, US DEPARTMENT OF JUSTICE, AND THE NATIONAL SCIENCE FOUNDATION. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1185907 0 0 0 0 0 0 1185907 0 1185907 1 0 0 1 0 0 PART III ACCOUNTING METHOD: 1 HOOD COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS ATTENDING THE COLLEGE 1334 33685940 PART I, LINE 2: ALL HOOD COLLEGE GRANTS, COLLEGE WORK-STUDY AWARDS, PERKINS LOANS AND MOST STAFFORD LOANS ARE BASED ON FINANCIAL NEED. HOOD SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT AS EVALUATED THROUGH THE STUDENT'S HIGH SCHOOL RECORD AND SAT SCORES. MANY SCHOLARSHIP RECIPIENTS' TOTAL FINANCIAL AID PACKAGES ALSO INTEGRATE NEED BASED AWARDS. ALL GRANTS AND AWARDS REQUIRE REPORTING OF FUND USAGE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT 304461 0 0 0 101658 0 65086 0 49825 0 521030 0 0 0 DEBORAH RICKER VP, ACADEMIC AFFAIRS & PRO 189854 0 0 0 2387 0 8951 0 14422 0 215614 0 0 0 WILLIAM J BROWN JR VP, ENROLLMENT MANAGEMENT 165238 0 0 0 1143 0 8778 0 21748 0 196907 0 0 0 NANCY GILLECE VP, INSTITUTIONAL ADVANCEM 163566 0 0 0 594 0 8262 0 10699 0 183121 0 0 0 PART I, LINE 1A THE COLLEGE DEEMS IT TO BE IN ITS BEST INTEREST THAT THE PRESIDENT OCCUPY THE PRESIDENT'S HOME. AS A CONDITION OF EMPLOYMENT HEREUNDER, DR. CHAPDELAINE IS REQUIRED TO OCCUPY THE PRESIDENT'S HOME AND, TO THE EXTENT NECESSARY, TO USE THE PRESIDENT'S HOME IN THE PERFORMANCE OF HER DUTIES HEREUNDER. THE COLLEGE SHALL PROVIDE MAINTENANCE AND REPAIRS, UTILITIES, HOUSEKEEPING, GROUNDSKEEPING, AND LANDSCAPING FOR THE PRESIDENT'S HOME. THE COLLEGE SHALL FURNISH ALL PUBLIC AREAS IN THE PRESIDENT'S HOME AND SHALL OBTAIN INSURANCE ON ALL THE CONTENTS IN THE PRESIDENT'S HOME, REGARDLESS OF THE OWNER OF THE CONTENTS. THE COLLEGE SHALL ALSO BE RESPONSIBLE FOR ANY REAL ESTATE TAXES ASSESSED ON THE PRESIDENT'S HOME. PART I, LINE 3 THE AGREEMENT BETWEEN THE BOARD OF TRUSTEES AND THE PRESIDENT WAS MOST RECENTLY AMENDED IN OCTOBER, 2021. A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 2010-07-18 15800295 BUILDINGS AND STRUCTURES, LAND 0 0 0 A 15800295 219300 15580995 2011 0 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 1 1 1 1 BB&T 12.000000000000 1 0 0 0 1 A 1 PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED ON SEPTEMBER 23, 2019. X 30 245449 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B A PUBLIC DISCLOSURE COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY OF HOOD COLLEGE IS THAT EACH MEMBER OF THE BOARD SHALL EXECUTE AND SUBMIT ON AN ANNUAL BASIS DURING HER/HIS TERM OF SERVICE A DISCLOSURE OF INTEREST STATEMENT. THE CHAIRPERSON OF THE BOARD, IN CONJUNCTION WITH THE MANAGEMENT OF THE COLLEGE, MONITORS THE SUBMISSION OF THESE FORMS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 PER THE BYLAWS, THE EXECUTIVE/COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO SET THE PRESIDENT'S SALARY. DECISIONS REGARDING THE PRESIDENT'S SALARY ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE/COMPENSATION COMMITTEE AND BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO AID IN THE DETERMINATION OF HIRING SALARIES AS WELL AS ON-GOING ADJUSTMENTS. SALARY REVIEWS AND ADJUSTMENTS FOR ALL EMPLOYEES, EXCLUDING THE PRESIDENT, ARE PERFORMED PERIODICALLY BY SUPERVISORS. RECOMMENDATIONS ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, THE BUDGET DIRECTOR, AND THE DIVISIONAL VICE PRESIDENT. SALARY ADJUSTMENTS ARE APPROVED BY THE VICE PRESIDENT FOR FINANCE & TREASURER OR THE PRESIDENT. THE MOST RECENT SALARY REVIEW AND INCREASES FOR STAFF AND FACULTY OCCURRED ON JULY 1, 2022. THE PRESIDENT'S SALARY WAS LAST REVIEWED IN JANUARY OF 2023. FORM 990, PART VI, SECTION C, LINE 19 HOOD COLLEGE MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, A COPY OF THE 990 IS AVAILABLE FOR REVIEW ON THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G CONSULTING EXPENSES: PROGRAM SERVICE EXPENSES 6,619,277. MANAGEMENT AND GENERAL EXPENSES 3,047,134. FUNDRAISING EXPENSES 352,812. TOTAL EXPENSES 10,019,223. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 532,395. CHANGE IN VALUE OF SWAP AGREEMENTS 1,447,567. DEBIT ADJUSTMENT TO CONTRIBUTIONS IN AUDIT YEAR -1,946,318. HOOD COLLEGE FOUNDATION 401 ROSEMONT AVENUE FREDERICK MD 21701 521961144 SUPPORT OF HOOD COLLEGE MD 501(C)(3) LINE 12A, I HOOD COLLEGE 1 HOOD COLLEGE LP 401 ROSEMONT AVENUE FREDERICK MD 21701 521969014 INVESTING MD N/A N/A 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0