WHEATON COLLEGE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WHEATON COLLEGE (EIN 04-2103638)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-15
- IRS object ID
- 202431369349305208
- Schema version
- 2022v5.0
- 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 | 2024-05-15T12:24:36-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 TIMES SQUARE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103638 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHEATON COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WHEA | BusinessNameControlTxt |
| Phone | 5082868200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26 EAST MAIN STREET | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02766 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROGER STACKPOOLE | PersonNm |
| Person Title | VICE PRESIDENT FINANCE & ADMIN. | PersonTitleTxt |
| Phone | 5082868200 | PhoneNum |
| Signature | 2024-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ROGER | PersonFirstNm |
| Person Last | STACKPOOLE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 2123721000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROGER STACKPOOLE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26 EAST MAIN STREET | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02766 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $251,523,136 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WHEATONCOLLEGE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1834 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 1560 | TotalEmployeeCnt |
| Total Volunteers | 500 | TotalVolunteersCnt |
| Total Gross UBI | $348,531 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $208,150 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $35,952,466 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,645,184 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $117,639,364 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $121,231,811 | CYProgramServiceRevenueAmt |
| PY Investment Income | $24,949,355 | PYInvestmentIncomeAmt |
| CY Investment Income | $12,764,869 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,694,759 | PYOtherRevenueAmt |
| CY Other Revenue | $1,608,228 | CYOtherRevenueAmt |
| PY Total Revenue | $180,235,944 | PYTotalRevenueAmt |
| CY Total Revenue | $154,250,092 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $66,823,665 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $67,914,103 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $42,663,761 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $47,888,775 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,254,758 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $41,028,529 | PYOtherExpensesAmt |
| CY Other Expenses | $43,575,564 | CYOtherExpensesAmt |
| PY Total Expenses | $150,515,955 | PYTotalExpensesAmt |
| CY Total Expenses | $159,378,442 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,719,989 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,128,350 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $437,299,904 | TotalAssetsBOYAmt |
| Total Assets EOY | $438,679,115 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $101,469,240 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $97,600,946 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $335,830,664 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $341,078,169 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $142,973,341 | ExpenseAmt |
| Grant | $67,914,103 | GrantAmt |
| Revenue | $122,069,755 | RevenueAmt |
| Desc | TO PROVIDE A TRANSFORMATIVE LIBERAL ARTS EDUCATION FOR INTELLECTUALLY CURIOUS STUDENTS IN A COLLABORATIVE, ACADEMICALLY VIBRANT RESIDENTIAL COMMUNITY THAT VALUES A DIVERSE WORLD. | Desc |
| Total Program Service Expenses | $142,973,341 | 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 | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 257 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1560 | 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 | 0 | ForeignFinancialAccountInd |
| 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 | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | 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 | 0 | 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 | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SARAH LANGIS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5082868200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26 EAST MAIN STREET | AddressLine1Txt |
| City | NORTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02766 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 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 | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| MICHAELE WHELAN | |||||||||
| PRESIDENT AND EX OFFICIO TRUSTEE | 40.00 | 0.00 | Yes (X) | Yes (X) | $499,393 | $0 | $81,971 | ||
| KENNETH BABBY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANSON M BEARD JR | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BARBARA BRITTINGHAM | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PRISCILLA CAREY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NANCY CARLSON | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARYANN E CARROLL | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SUE CURRAN | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KYMBERLEE DWINELL | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| HENRIETTA GATES | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW GOLD | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CECILIA GREENE | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| INDIRA HENARD | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHERYL KEAMY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICIA KING | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TONY LAING | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAULA LALIBERTE | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN LAM | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RYAN O LETADA | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW LOUNDER | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KENDRA MALLOY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ADRIENNE B MARS | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER B PAQUET | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KAREN L PFEIL | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARCUS RELTHFORD | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHYRN SCHNEIDER EX OFFICIO | |||||||||
| TRUSTEE, PRESIDENT OF ALUMNI BOARD | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| AUSTIN SIMKO | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN R SMILEY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DIANA D SPENCER | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN C TALANIAN | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC C TOMASINI | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CORNELIA C WAREHAM | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BENJAMIN C WHITE | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ELENA WONG | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JANET L LEBOVITZ | |||||||||
| TRUSTEE, BOARD CHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KIRK KOLENBRANDER | |||||||||
| TRUSTEE, BOARD VICE CHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| WALTER CAFFEY VP ENROLLMENT | |||||||||
| DEAN OF ADMISSION & STUDENT AID | 40.00 | 0.00 | Yes (X) | $236,956 | $0 | $55,519 | |||
| TOUBA GHADESSI INTERIM PROVOST | |||||||||
| VP OF ACADEMIC AFFAIRS | 40.00 | 0.00 | Yes (X) | $230,372 | $0 | $45,017 | |||
| ROGER STACKPOOLE VP FOR FIN | |||||||||
| ADMINISTRATION/BOARD TREASURER | 40.00 | 0.00 | Yes (X) | $210,322 | $0 | $55,816 | |||
| MERRITT CROWLEY | |||||||||
| VP FOR COLLEGE ADVANCEMENT | 40.00 | 0.00 | Yes (X) | $221,191 | $0 | $32,477 | |||
| GENE BEGIN VP FOR MARKETING | |||||||||
| COMMUNICATIONS (THRU 1/13/2023) | 40.00 | 0.00 | Yes (X) | $184,803 | $0 | $47,748 | |||
| DARNELL PARKER VP FOR | |||||||||
| STUDENT AFFAIRS & DEAN OF STUDENTS | 40.00 | 0.00 | Yes (X) | $194,950 | $0 | $30,111 | |||
| PAMELA VAZ | |||||||||
| BOARD SECRETARY | 40.00 | 0.00 | Yes (X) | $70,042 | $0 | $29,002 | |||
| SUZI ROBINSON VP FOR MARKETING | |||||||||
| & COMMUNICATIONS (FROM 3/30/23) | 40.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY CUTTING | |||||||||
| ASSOCIATE VP OF ENROLLMENT | 40.00 | 0.00 | $164,229 | $0 | $45,446 | Yes (X) | |||
| JOHN SULLIVAN ASST VP OF BUS | |||||||||
| SVCS & PHYSICAL PLANT (THRU 5/31/23) | 40.00 | 0.00 | $176,134 | $0 | $18,404 | Yes (X) | |||
| JOSEPH LACASCIO AVP CISO | |||||||||
| INFORMATION TECHNOLOGY SERVICES | 40.00 | 0.00 | $162,616 | $0 | $26,210 | Yes (X) | |||
| OMAIRA ROY | |||||||||
| ASSOCIATE VP OF HUMAN RESOURCES | 40.00 | 0.00 | $164,773 | $0 | $18,513 | Yes (X) | |||
| IMRAN CHOWDHURY DIANA DAVIS | |||||||||
| SPENCER CHAIR OF SOCIAL ENTREPRENEURSH | 40.00 | 0.00 | $161,765 | $0 | $19,206 | Yes (X) | |||
| DENNIS HANNO FORMER | |||||||||
| PRESIDENT AND EX OFFICIO TRUSTEE | 0.00 | 0.00 | $502,205 | $0 | $4,391 | Yes (X) | |||
| PHILIP SHAPIRO FORMER INTERIM | |||||||||
| VP FINANCE & ADMIN./BOARD TREASURER | 0.00 | 0.00 | $120,169 | $0 | $45 | Yes (X) | |||
| ZACHARY IRISH ASSOC VP FOR | |||||||||
| STUD. AFFAIRS/FORMER DEAN OF STUD. | 40.00 | 0.00 | $121,680 | $0 | $82,213 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,421,600 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $592,089 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 54 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 |
|---|---|---|---|---|---|
| ARAMARK | |||||
| 1101 MARKET STREET | PHILADELPHIA | PA | 19107 | DINING SERVICES | $6,130,565 |
| COMMODORE BUILDERS | |||||
| 404 WYMAN STREET SUITE 400 | WALTHAM | MA | 02451 | CONSTRUCTION SERVICES | $2,831,224 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| 225 WATER STREET STE B110 | PLYMOUTH | MA | 02360 | SECURITY CONTRACTING | $957,840 |
| CRYAN LANDSCAPING CONTRACTORS INC | |||||
| 41 WALTON STREET | ATTLEBORO | MA | 02703 | LANDSCAPING SERVICES | $898,890 |
| ELLUCIAN COMPANY LP | |||||
| 2003 EDMUND HALLEY DRIVE | RESTON | VA | 20191 | SOFTWARE CONSULTING | $527,132 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $27,850 | FundraisingAmt |
| Government Grants | $4,555,777 | GovernmentGrantsAmt |
| All Other Contributions | $14,061,557 | AllOtherContributionsAmt |
| Noncash Contributions | $2,589,892 | NoncashContributionsAmt |
| Total Contributions | $18,645,184 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $99,243,701 | $99,243,701 |
| ROOM AND BOARD | 611310 | $21,779,638 | $21,779,638 |
| EDUCATION DEPARTMENT S | 611310 | $208,472 | $208,472 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $121,231,811 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,082,754 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $79,037 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,003,717 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $293,639 | TotalRevenueColumnAmt |
| Exclusion | $293,639 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $356,474 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $84,229 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $272,245 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $272,245 | TotalRevenueColumnAmt |
| Exclusion | $272,245 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $105,513,691 | SecuritiesAmt |
| Other | $33,492 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $97,140,058 | SecuritiesAmt |
| Other | $18,649 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,373,633 | SecuritiesAmt |
| Other | $14,843 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,388,476 | TotalRevenueColumnAmt |
| Exclusion | $8,388,476 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $28,533 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $27,850 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $30,108 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,575 | TotalRevenueColumnAmt |
| Exclusion | -$1,575 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| CONFERENCE AND EVENTS | 711300 | $675,389 | $405,895 | $269,494 | |
| STUDENT PARKING PERMIT | 812930 | $143,925 | $143,925 | ||
| AUXILIARY FEES | 611310 | $91,725 | $5,530 | $86,195 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $426,519 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $426,519 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,337,558 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $154,250,092 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $122,069,755 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $348,531 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,186,622 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,220,553 | TotalAmt |
| Program Services | $66,220,553 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,693,550 | TotalAmt |
| Program Services | $1,693,550 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,284,132 | TotalAmt |
| Program Services | $977,122 | ProgramServicesAmt |
| Management And General | $780,036 | ManagementAndGeneralAmt |
| Fundraising | $526,974 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,968,405 | TotalAmt |
| Program Services | $30,239,732 | ProgramServicesAmt |
| Management And General | $2,499,946 | ManagementAndGeneralAmt |
| Fundraising | $1,228,727 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,514,269 | TotalAmt |
| Program Services | $2,238,391 | ProgramServicesAmt |
| Management And General | $183,363 | ManagementAndGeneralAmt |
| Fundraising | $92,515 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,597,581 | TotalAmt |
| Program Services | $5,743,076 | ProgramServicesAmt |
| Management And General | $554,234 | ManagementAndGeneralAmt |
| Fundraising | $300,271 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,524,388 | TotalAmt |
| Program Services | $2,181,265 | ProgramServicesAmt |
| Management And General | $223,566 | ManagementAndGeneralAmt |
| Fundraising | $119,557 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,338 | TotalAmt |
| Management And General | $4,338 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,985 | TotalAmt |
| Management And General | $196,985 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,243,067 | TotalAmt |
| Program Services | $1,839,076 | ProgramServicesAmt |
| Management And General | $403,991 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,980,301 | TotalAmt |
| Program Services | $8,966,899 | ProgramServicesAmt |
| Management And General | $769,203 | ManagementAndGeneralAmt |
| Fundraising | $244,199 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $736,746 | TotalAmt |
| Program Services | $720,325 | ProgramServicesAmt |
| Management And General | $14,769 | ManagementAndGeneralAmt |
| Fundraising | $1,652 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $907,501 | TotalAmt |
| Program Services | $463,944 | ProgramServicesAmt |
| Management And General | $278,176 | ManagementAndGeneralAmt |
| Fundraising | $165,381 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,342,157 | TotalAmt |
| Program Services | $1,218,571 | ProgramServicesAmt |
| Management And General | $974,035 | ManagementAndGeneralAmt |
| Fundraising | $149,551 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,537,585 | TotalAmt |
| Program Services | $4,279,915 | ProgramServicesAmt |
| Management And General | $257,670 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,277,721 | TotalAmt |
| Program Services | $1,175,269 | ProgramServicesAmt |
| Management And General | $35,581 | ManagementAndGeneralAmt |
| Fundraising | $66,871 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $312,213 | TotalAmt |
| Program Services | $168,161 | ProgramServicesAmt |
| Management And General | $36,717 | ManagementAndGeneralAmt |
| Fundraising | $107,335 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,164,737 | TotalAmt |
| Management And General | $3,164,737 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,066,154 | TotalAmt |
| Program Services | $8,650,341 | ProgramServicesAmt |
| Management And General | $387,871 | ManagementAndGeneralAmt |
| Fundraising | $27,942 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $772,888 | TotalAmt |
| Program Services | $772,888 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| ENTM'T, EVENTS, & MEALS | $1,984,686 | $751,308 | $1,084,312 | $149,066 |
| REPAIRS AND MAINTENANCE | $1,774,945 | $1,674,503 | $98,482 | $1,960 |
| GLOBAL PROGRAMMING | $1,406,703 | $1,406,703 | ||
| LIBRARY & SUBSCRIPTIONS | $844,629 | $836,502 | $2,344 | $5,783 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,022,208 | TotalAmt |
| Program Services | $755,247 | ProgramServicesAmt |
| Management And General | $1,199,987 | ManagementAndGeneralAmt |
| Fundraising | $66,974 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,378,442 | TotalAmt |
| Program Services | $142,973,341 | ProgramServicesAmt |
| Management And General | $13,150,343 | ManagementAndGeneralAmt |
| Fundraising | $3,254,758 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,069,961 | BOYAmt |
| EOY | $5,990,352 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,072,713 | BOYAmt |
| EOY | $15,006,191 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,738,262 | BOYAmt |
| EOY | $4,792,830 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $941,411 | BOYAmt |
| EOY | $2,396,716 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,156,503 | BOYAmt |
| EOY | $779,981 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,676,720 | BOYAmt |
| EOY | $1,465,125 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $280,462,938 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $145,696,995 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,866,703 | BOYAmt |
| EOY | $134,765,943 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,715,526 | BOYAmt |
| EOY | $141,399,722 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,821,054 | BOYAmt |
| EOY | $120,897,392 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,241,051 | BOYAmt |
| EOY | $11,184,863 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,299,904 | BOYAmt |
| EOY | $438,679,115 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,477,174 | BOYAmt |
| EOY | $7,732,837 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,376,507 | BOYAmt |
| EOY | $1,078,044 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,350,601 | BOYAmt |
| EOY | $84,955,438 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,264,958 | BOYAmt |
| EOY | $3,834,627 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,469,240 | BOYAmt |
| EOY | $97,600,946 | 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 | $100,855,697 | BOYAmt |
| EOY | $110,651,194 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,974,967 | BOYAmt |
| EOY | $230,426,975 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335,830,664 | BOYAmt |
| EOY | $341,078,169 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,299,904 | BOYAmt |
| EOY | $438,679,115 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$5,128,350 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $10,375,855 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,297,630 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,742,945 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,370,266 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,952,466 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,645,184 | CurrentTaxYearAmt |
| Total | $109,008,491 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,297,630 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,742,945 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,370,266 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,952,466 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,645,184 | CurrentTaxYearAmt |
| Total | $109,008,491 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $10,595,980 | SubstantialContributorsTotAmt |
| Public Support Total170 | $98,412,511 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,762,904 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,492,081 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,845,277 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,592,221 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,653,830 | CurrentTaxYearAmt |
| Total | $20,346,313 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,367,314 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $195,206 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $501,952 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $209,237 | CurrentTaxYearAmt |
| Total | $2,273,709 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $776,435 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $689,487 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $78,397 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $137,326 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $258,653 | CurrentTaxYearAmt |
| Total | $1,940,298 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $133,568,811 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $578,849,383 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.73680 | PublicSupportCY170Pct |
| Public Support PY170 | 0.73420 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PART I, LINE 7 | THE BASIS OF WHEATON COLLEGE'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATIONS AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART 1 AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. |
| SCHEDULE A, PART I, LINE 10 | THE AMOUNT ON LINE 10 INCLUDES FUNDRAISING INCOME, AUXILIARY FEES, AND STUDENT PARKING PERMIT INCOME. |
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 | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $17,263 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $17,263 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE AMOUNT ON LINE 1I REFLECTS MEMBERSHIP DUES PAID TO MEMBER ORGANIZATIONS, INCLUDING NACUBO AND AICUM, WHICH MAY ENGAGE IN LOBBYING ACTIVITIES IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTED TO LOBBYING ACTIVITIES. THE COLLEGE DOES NOT DIRECTLY PARTICIPATE IN THESE LOBBYING ACTIVITIES. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $830,049 | AssetsIncludedAmt |
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $48,465 | RevenuesIncludedAmt |
| Assets Included | $10,000 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $241,464,278 | BeginningYearBalanceAmt |
| Contributions | $9,374,796 | ContributionsAmt |
| Investment Earnings Or Losses | $22,035,661 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,177,509 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,712,675 | OtherExpendituresAmt |
| Administrative Expenses | $2,766,071 | AdministrativeExpensesAmt |
| End Year Balance | $256,218,480 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $266,877,707 | BeginningYearBalanceAmt |
| Contributions | $8,003,560 | ContributionsAmt |
| Investment Earnings Or Losses | -$18,699,979 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,752,319 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,689,460 | OtherExpendituresAmt |
| Administrative Expenses | $3,275,231 | AdministrativeExpensesAmt |
| End Year Balance | $241,464,278 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $210,646,508 | BeginningYearBalanceAmt |
| Contributions | $8,605,089 | ContributionsAmt |
| Investment Earnings Or Losses | $66,034,098 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,523,061 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,278,463 | OtherExpendituresAmt |
| Administrative Expenses | $5,606,464 | AdministrativeExpensesAmt |
| End Year Balance | $266,877,707 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $212,982,445 | BeginningYearBalanceAmt |
| Contributions | $5,127,436 | ContributionsAmt |
| Investment Earnings Or Losses | $6,340,842 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,289,797 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,416,640 | OtherExpendituresAmt |
| Administrative Expenses | $3,097,778 | AdministrativeExpensesAmt |
| End Year Balance | $210,646,508 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $211,880,928 | BeginningYearBalanceAmt |
| Contributions | $3,395,287 | ContributionsAmt |
| Investment Earnings Or Losses | $12,418,742 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,075,466 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,409,631 | OtherExpendituresAmt |
| Administrative Expenses | $4,227,415 | AdministrativeExpensesAmt |
| End Year Balance | $212,982,445 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.18000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.80000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.02000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,030,698 | OtherCostOrOtherBasisAmt |
| Book Value | $3,030,698 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $243,869,473 | OtherCostOrOtherBasisAmt |
| Depreciation | $120,078,927 | DepreciationAmt |
| Book Value | $123,790,546 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,351,356 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,812,587 | DepreciationAmt |
| Book Value | $4,538,769 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,211,411 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,805,481 | DepreciationAmt |
| Book Value | $3,405,930 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $134,765,943 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MULTI-STRATEGY | $41,305,638 | F |
| HEDGED EQUITY - DEVELOPING AND EMERGING | $40,578,586 | F |
| PRIVATE EQUITY | $20,873,733 | F |
| REAL PROPERTY | $13,211,363 | F |
| DOMESTIC AND INTERNATIONAL EQUITY | $1,735,213 | F |
| FIXED INCOME | $1,393,894 | F |
| REAL ESTATE | $822,701 | F |
| OTHER | $976,264 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $120,897,392 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITY AND LIFE INCOME OBLIGATIONS | $1,233,660 |
| GOVERNMENT ADVANCES FOR STUDENT LOANS | $606,139 |
| ASSET RETIREMENT OBLIGATIONS | $1,994,828 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,834,627 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $94,940,875 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $10,375,855 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$67,442,005 | OtherRevenueAmt |
| Revenue Not Reported | -$57,066,150 | RevenueNotReportedAmt |
| Revenue Subtotal | $152,007,025 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,243,067 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $2,243,067 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $154,250,092 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $89,693,370 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $114,337 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $114,337 | ExpensesNotReportedAmt |
| Expenses Subtotal | $89,579,033 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,243,067 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $67,556,342 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $69,799,409 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $159,378,442 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE COLLEGE'S COLLECTION ITEMS INCLUDE RARE BOOKS, HISTORICAL ARTIFACTS AND ART WORK THAT ARE USED FOR SCHOLARLY RESEARCH, PUBLIC EXHIBITIONS, AND TO DOCUMENT THE HISTORY OF THE COLLEGE. |
| PART V, LINE 4: | THE COLLEGE'S ENDOWMENT FUNDS PROVIDE INCOME AND SUPPORT FOR THE FURTHERANCE OF THE EDUCATIONAL MISSION OF THE COLLEGE IN ACCORDANCE WITH THE DONORS' INTENTIONS. THE MAJORITY OF THE DONOR RESTRICTED ENDOWMENT IS HELD FOR SCHOLARSHIP, TEACHING, AND PROGRAM EXPENSES. |
| PART X, LINE 2: | THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. |
| SCHEDULE D, PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIP AND GRANTS PROVIDED TO STUDENTS OF $67,556,342 IS PRESENTED AS A CONTRA-REVENUE ITEM IN THE AUDITED FINANCIAL STATEMENTS AND AS AN EXPENSE ITEM IN THE FORM 990. FUNDRAISING EVENT EXPENSES OF $30,108 AND RENTAL EXPENSES OF $84,229 ARE SHOWN AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS AND AS A CONTRA-REVENUE ITEM ON THE FORM 990. |
| SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENT EXPENSES OF $30,108 AND RENTAL EXPENSES OF $84,229 ARE SHOWN AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS AND AS A CONTRA-REVENUE ITEM ON THE FORM 990. |
| SCHEDULE D, PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP AND GRANTS PROVIDED TO STUDENTS OF $67,556,342 IS PRESENTED AS A CONTRA-REVENUE ITEM IN THE AUDITED FINANCIAL STATEMENTS AND AS AN EXPENSE ITEM IN THE FORM 990. |
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 (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | WHEATON COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM THE NORTHEAST REGION OF THE UNITED STATES, AS WELL AS FROM MANY OTHER U.S. STATES AND TERRITORIES AND MORE THAN 40 FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE COLLEGE'S WEBSITE INCLUDES A SECTION DEDICATED TO THE COLLEGE'S DIVERSITY AND INCLUSION STRATEGIC PLAN, VISION, AND MISSION STATEMENT. |
| SCHEDULE E, PART I, LINE 2: | WHEATON COLLEGE IS COMMITTED TO THE PRINCIPLES OF EQUAL OPPORTUNITY AS DEFINED UNDER FEDERAL AND STATE LAW. THE COLLEGE'S NOTICE OF NONDISCRIMINATION IS AVAILABLE ON ITS WEBSITE AT HTTPS://WHEATONCOLLEGE.EDU/POLICIES/EQOPP/ AND REFERENCED ON ITS ADMISSION WEBPAGES. |
| SCHEDULE E, PART I, LINE 6: | STUDENTS RECEIVE FINANCIAL AID FROM STATE AND FEDERAL AGENCIES BASED ON PREDETERMINED FINANCIAL AND SCHOLASTIC GUIDELINES CONSISTENT WITH THE COLLEGE'S EDUCATIONAL MISSION. DURING FISCAL YEAR 2023 THE COLLEGE ACCEPTED FUNDING FROM THE FEDERAL EMERGENCY MANAGEMENT AGENCY FOR COVID 19 PANDEMIC RELATED EXPENSES. IN DECEMBER 2020, THE CONSOLIDATED APPROPRIATIONS ACT REMOVED THE RESTRICTION AND ALLOWED ORGANIZATIONS THAT QUALIFY TO RETROACTIVELY APPLY FOR THE ERTC SO LONG AS THE SAME WAGES WERE NOT USED FOR BOTH PPP FORGIVENESS AND ERTC. THE COLLEGE IS ELIGIBLE FOR AND HAS MET ALL THE CONDITIONS TO QUALIFY FOR AN ERTC OF $10,107,287, WHICH WAS RECOGNIZED IN GOVERNMENT GRANTS AND CONTRACTS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. $795,623 AND $6,863,793 RELATED TO THE ERTC WAS IN INCLUDED IN ACCOUNTS RECEIVABLE AND OTHER ASSETS AS OF JUNE 30, 2023 AND 2022, RESPECTIVELY. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (20 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $84,640,210 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | GRANTMAKING | $16,500 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | $16,950 | STUDY ABROAD |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | $107 | CONFERENCE/EVENTS |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $88,391 | STUDY ABROAD |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $1,785 | ADMISSIONS |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTMAKING | $205,100 | |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | INVESTMENTS | $6,677,750 | |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | $1,112,231 | STUDY ABROAD |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | $1,582 | FACULTY RESEARCH |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | $5,102 | CONFERENCE/EVENTS |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | FUNDRAISING | $320 | ADVANCEMENT |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | GRANTMAKING | $1,318,500 | |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | $565 | CONFERENCE/EVENTS |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $59,306 | STUDY ABROAD |
| SOUTH AMERICA | 0 | 0 | GRANTMAKING | $88,250 | |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | $106,189 | STUDY ABROAD |
| SOUTH ASIA | 0 | 0 | GRANTMAKING | $48,200 | |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTMAKING | $17,000 | |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $23,835 | STUDY ABROAD |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $91,646,793 | SubtotalSpentAmt |
| Continuation Spent | $2,781,080 | ContinuationSpentAmt |
| Total Spent | $94,427,873 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| SCHOLARSHIPS TO STUDENTS | EUROPE | 60 | $1,318,500 | TUITION OFFSET | FMV |
| SCHOLARSHIPS TO STUDENTS | EAST ASIA AND THE PACIFIC | 10 | $205,100 | TUITION OFFSET | FMV |
| SCHOLARSHIPS TO STUDENTS | SOUTH AMERICA | 4 | $88,250 | TUITION OFFSET | FMV |
| SCHOLARSHIPS TO STUDENTS | SOUTH ASIA | 4 | $48,200 | TUITION OFFSET | FMV |
| SCHOLARSHIPS TO STUDENTS | SUB-SAHARAN AFRICA | 1 | $17,000 | TUITION OFFSET | FMV |
| SCHOLARSHIPS TO STUDENTS | CENTRAL AMERICA AND THE CARIBBEAN | 1 | $16,500 | TUITION OFFSET | FMV |
| 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 | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE COLLEGE IS COMMITTED TO MAKING STUDY ABROAD PROGRAMS AVAILABLE TO AS WIDE A RANGE OF STUDENTS AS POSSIBLE. AS A RESULT, THE NUMBER OF WHEATON STUDENTS WHO STUDY ABROAD IS CONSISTENTLY HIGH. STUDENTS GENERALLY PAY THE COLLEGE ITS TUITION WITH OFFSETTING SCHOLARSHIPS PROVIDED IN ACCORDANCE WITH STANDARD COLLEGE FINANCIAL AID POLICIES AND PROCEDURES. THE COLLEGE PAYS THE FOREIGN SCHOOL'S TUITION TO PROVIDE INSTRUCTION. |
| PART I, LINE 3: | THE STUDY ABROAD PROGRAMS ARE SEPARATELY TRACKED IN THE COLLEGE'S GENERAL LEDGER SYSTEM BY ACTIVITY AND THE AMOUNTS REPRESENT TUITION PAYMENTS FOR STUDENTS AND FACULTY LIAISONS REFLECTED IN COLUMN (F). THE ADMISSIONS RECRUITING, FUNDRAISING AND FACULTY RESEARCH AMOUNTS ARE TRACKED PRIMARILY USING THE COLLEGE'S CREDIT CARD SYSTEM AND REPRESENT TRAVEL, MEALS AND LODGING COSTS FOR COLLEGE EMPLOYEES CONDUCTING BUSINESS IN THESE REGIONS. ALL EXPENSES ARE UNDER THE ACCRUAL METHOD OF ACCOUNTING. |
| PART III ACCOUNTING METHOD: |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $56,383 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $27,850 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $28,533 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $29,748 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $360 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $56,383 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $27,850 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $28,533 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $29,748 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $360 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $30,108 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$1,575 | 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 | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| SCHOLARSHIPS TO STUDENTS | 1671 | $65,935,553 | FMV | REDUCTION OF STUDENT BALANCE FOR TUITION OWED TO THE COLLEGE | |
| FELLOWSHIP-STIPEND | 102 | $285,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES IS RESPONSIBLE FOR AWARDING AND MONITORING ALL GRANTS, LOANS, AND WORK ASSISTANCE. MORE THAN 95% OF WHEATON'S STUDENTS RECEIVE SOME FORM OF FINANCIAL AID AND ALL STUDENTS WHO DEMONSTRATE NEED RECEIVE AID. FINANCIAL ASSISTANCE AT WHEATON IS AWARDED ON THE BASIS OF DEMONSTRATED NEED AND ACADEMIC PERFORMANCE. "NEED" IS DETERMINED BY THE FINANCIAL INFORMATION THAT A STUDENT (AND THEIR PARENT, IF APPLICABLE) PROVIDES ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THIS FORM CAPTURES THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON FEDERAL AND/OR STATE REGULATIONS AND INSTITUTIONAL FUND ELIGIBILITY GUIDELINES. A NEED-BASED PACKAGE MAY INCLUDE A MERIT SCHOLARSHIP, GRANTS, LOANS, AND WORK AWARD. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM FINANCIAL AID MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL GRANT FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH BUDGETED AMOUNTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| 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 |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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 (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAELE WHELAN | ||||||||||||||
| PRESIDENT AND EX OFFICIO TRUSTEE | $467,997 | $0 | $0 | $0 | $31,396 | $0 | $27,450 | $0 | $54,521 | $0 | $581,364 | $0 | $0 | $0 |
| DENNIS HANNO FORMER | ||||||||||||||
| PRESIDENT AND EX OFFICIO TRUSTEE | $98,905 | $0 | $0 | $0 | $403,300 | $0 | $2,700 | $0 | $1,691 | $0 | $506,596 | $0 | $0 | $0 |
| WALTER CAFFEY VP ENROLLMENT | ||||||||||||||
| DEAN OF ADMISSION & STUDENT AID | $235,412 | $0 | $0 | $0 | $1,544 | $0 | $22,032 | $0 | $33,487 | $0 | $292,475 | $0 | $0 | $0 |
| TOUBA GHADESSI INTERIM PROVOST | ||||||||||||||
| VP OF ACADEMIC AFFAIRS | $230,036 | $0 | $0 | $0 | $336 | $0 | $21,285 | $0 | $23,732 | $0 | $275,389 | $0 | $0 | $0 |
| ROGER STACKPOOLE VP FOR FIN | ||||||||||||||
| ADMINISTRATION/BOARD TREASURER | $209,720 | $0 | $0 | $0 | $602 | $0 | $19,800 | $0 | $36,016 | $0 | $266,138 | $0 | $0 | $0 |
| MERRITT CROWLEY | ||||||||||||||
| VP FOR COLLEGE ADVANCEMENT | $220,300 | $0 | $0 | $0 | $891 | $0 | $20,032 | $0 | $12,445 | $0 | $253,668 | $0 | $0 | $0 |
| GENE BEGIN VP FOR MARKETING | ||||||||||||||
| COMMUNICATIONS (THRU 1/13/2023) | $184,444 | $0 | $0 | $0 | $359 | $0 | $17,438 | $0 | $30,310 | $0 | $232,551 | $0 | $0 | $0 |
| DARNELL PARKER VP FOR | ||||||||||||||
| STUDENT AFFAIRS & DEAN OF STUDENTS | $194,764 | $0 | $0 | $0 | $186 | $0 | $18,450 | $0 | $11,661 | $0 | $225,061 | $0 | $0 | $0 |
| JEFFREY CUTTING | ||||||||||||||
| ASSOCIATE VP OF ENROLLMENT | $163,894 | $0 | $0 | $0 | $335 | $0 | $15,372 | $0 | $30,074 | $0 | $209,675 | $0 | $0 | $0 |
| ZACHARY IRISH ASSOC VP FOR | ||||||||||||||
| STUD. AFFAIRS/FORMER DEAN OF STUD. | $121,594 | $0 | $0 | $0 | $86 | $0 | $11,700 | $0 | $70,513 | $0 | $203,893 | $0 | $0 | $0 |
| JOHN SULLIVAN ASST VP OF BUS | ||||||||||||||
| SVCS & PHYSICAL PLANT (THRU 5/31/23) | $175,128 | $0 | $0 | $0 | $1,006 | $0 | $15,867 | $0 | $2,537 | $0 | $194,538 | $0 | $0 | $0 |
| JOSEPH LACASCIO AVP CISO | ||||||||||||||
| INFORMATION TECHNOLOGY SERVICES | $161,663 | $0 | $0 | $0 | $953 | $0 | $14,829 | $0 | $11,381 | $0 | $188,826 | $0 | $0 | $0 |
| OMAIRA ROY | ||||||||||||||
| ASSOCIATE VP OF HUMAN RESOURCES | $164,450 | $0 | $0 | $0 | $323 | $0 | $14,996 | $0 | $3,517 | $0 | $183,286 | $0 | $0 | $0 |
| IMRAN CHOWDHURY DIANA DAVIS | ||||||||||||||
| SPENCER CHAIR OF SOCIAL ENTREPRENEUR | $159,628 | $0 | $0 | $0 | $2,137 | $0 | $14,688 | $0 | $4,518 | $0 | $180,971 | $0 | $0 | $0 |
| PHILIP SHAPIRO FORMER INTERIM | ||||||||||||||
| VP FINANCE & ADMIN./BOARD TREASURER | $119,366 | $0 | $0 | $0 | $803 | $0 | $0 | $0 | $45 | $0 | $120,214 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | A DISCRETIONARY FUND WAS ESTABLISHED BY THE TRUSTEES UPON PRESIDENT WHELAN'S HIRE. SOLICITATION OF THE TRUSTEES FOR CONTRIBUTIONS TO THIS FUND OCCURRED DURING FALL OF 2021 AND THE CONTRIBUTIONS WERE MADE BY THE TRUSTEES THROUGH THE OFFICE OF ADVANCEMENT AT A TIME DETERMINED BY THE TRUSTEE. THIS DISCRETIONARY FUND HAS NOT BEEN ACCESSED AND WILL BE USED FOR STRATEGIC INITIATIVES IN FY2024. THIS FUND WILL NOT BE USED FOR PERSONAL EXPENSES. THE PRESIDENT (MICHAELE WHELAN), THE VP FOR FINANCE & ADMINISTRATION (ROGER STACKPOOLE), AND ASSOCIATE VICE PRESIDENT OF STUDENT AFFAIRS AND FORMER DEAN OF STUDENTS (ZACHARY IRISH) ARE PROVIDED WITH HOUSING, INCLUDING MAINTENANCE OF SUCH SPACE, FOR THE CONVENIENCE OF THE EMPLOYER ON THE COLLEGE'S PREMISES. SHOULD MAINTENANCE OCCUR WITHIN THE PERSONAL SPACE, THE VALUE IS TAXED ACCORDINGLY. THE VALUE OF THE PERSONAL SPACE WITHIN THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). |
| PART I, LINE 3 | THE WHEATON COLLEGE EXECUTIVE COMMITTEE, AN INDEPENDENT BOARD, ESTABLISHES COMPENSATION TO ENSURE THAT THE INTERNAL REVENUE CODE PROVISION OF "REBUTTABLE PRESUMPTION OF REASONABLENESS" IS MET AND "INTERMEDIATE SANCTIONS" ARE NOT INCURRED. THE EXECUTIVE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA REGARDING COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION. APPROPRIATE DATA INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE INDIVIDUAL. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS INCLUDING: THE TERMS OF THE APPROVED TRANSACTION AND DATE APPROVED; THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT DURING THE DISCUSSION; AND THE DATA OBTAINED AND RELIED UPON. |
| PART I, LINE 4A | DENNIS HANNO, FORMER PRESIDENT AND EX OFFICIO TRUSTEE, LEFT WHEATON COLLEGE IN DECEMBER OF 2021 AND RECEIVED SEVERANCE OF $403,300. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||||
| A | 043431814 | 57584X5L1 | 2017-12-21 | $64,601,213 | (SEE CONTINUATION FOR SCHEDULE K, PART I) | Yes (1) | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||||
| B | 043431814 | 57584YK32 | 2021-03-18 | $16,058,372 | RENOVATION OF ACADEMIC BUILDING | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $17,675,000 | $10,000,000 | $64,601,213 | $2,398,062 | $435,910 | $30,115,713 | $31,651,528 | 2020 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | |
| B | $16,058,372 | $862,981 | $162,183 | $3,072,952 | 0 | 0 | 0 | Yes (1) | $11,960,256 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | 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 | 0 | 0 | 0.00000 | 0.01000 | 0.01000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.01200 | 0.01200 | 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 | 0 | 0 | Yes (1) | 0 | 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 (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I | REFUNDING OF 2010 SERIES F & 2014 SERIES G-2 BONDS & CONSTRUCTION OF RESIDENCE HALL. |
| SCHEDULE K, PART IV, LINE 2C - COLUMN (A) | THE COMPUTATIONS WERE PERFORMED FOR THE JUNE 30, 2023 COMPUTATION DATE. |
| SCHEDULE K, PART IV, LINE 2C - COLUMN (B) | THE COMPUTATIONS WERE PERFORMED FOR THE JUNE 30, 2023 COMPUTATION DATE. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 81 | ContributionCnt |
| Noncash Contributions Rpt F990 | $48,465 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 63 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,541,427 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. THE NUMBER OF WORK OF ART IS BASED ON THE THE NUMBER OF ARTWORKS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 2A | THE TOTAL NUMBER OF EMPLOYEES INCLUDES FACULTY AND STAFF OF 640 AND STUDENT EMPLOYEES OF 920. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE COLLEGE'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM APPOINTED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IT IS PREPARED WITH INFORMATION PROVIDED BY THE FINANCE OFFICE OF THE COLLEGE AND REVIEWED BY THE CONTROLLER AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE FIRST DRAFT (EXCLUDING SCHEDULE B) IS REVIEWED BY THE AUDIT COMMITTEE AND ANY CHANGES ARE INCORPORATED INTO THE FINAL DRAFT. THE FINAL DRAFT (EXCLUDING SCHEDULE B) IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES VIA THEIR SECURE WEBSITE FOR FINAL REVIEW PRIOR TO SUBMISSION TO THE IRS. SCHEDULE B IS REVIEWED BY THE CHAIR OF THE BOARD, CHAIR OF THE AUDIT COMMITTEE, AND CHAIR OF THE PHILANTHROPY COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL TRUSTEES AND OFFICERS OF THE COLLEGE ARE COVERED IN THE WHEATON COLLEGE CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS. THE POLICY AND CONFLICT OF INTEREST DISCLOSURE STATEMENT IS SENT TO ALL OFFICERS AND TRUSTEES ON AN ANNUAL BASIS. THE COMPLETED FORMS ARE REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND THE PRESIDENT TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. OFFICERS AND TRUSTEES ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON ANY MATTERS WHERE A CONFLICT EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS COMPOSED OF INDEPENDENT MEMBERS AND ESTABLISHES COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS TO ENSURE THAT THE INTERNAL REVENUE CODE PROVISION FOR "REBUTTABLE PRESUMPTION OF REASONABLENESS" IS MET AND "INTERMEDIATE SANCTIONS" ARE NOT INCURRED. THE EXECUTIVE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA REGARDING COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION. APPROPRIATE DATA INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE INDIVIDUAL. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS INCLUDING: THE TERMS OF THE APPROVED TRANSACTION AND DATE APPROVED, THE MEMBERS OF THE COMMITTEE PRESENT DURING THE DISCUSSIONS, AND THE DATA OBTAINED AND RELIED UPON. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE EMPLOYEE CONFLICT OF INTEREST POLICY IS CONTAINED IN THE STAFF HANDBOOK, WHICH IS POSTED TO THE COLLEGE'S HUMAN RESOURCES WEBPAGE AND AVAILABLE TO THE PUBLIC. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE POSTED TO THE COLLEGE'S FINANCE WEBSITE, WHICH IS AVAILABLE TO THE PUBLIC. IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIALS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE GOVERNING DOCUMENTS AND THE TRUSTEE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| POOLED INCOME FUND | |||
| POOL INCOME FUND | MA | WHEATON COLLEGE | Yes (1) |
| PERPETUAL TRUST | |||
| PERPETUAL TRUST | MA | WHEATON COLLEGE | Yes (1) |
| 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 | Yes (1) | TransferFromOtherOrgInd |