2024-11-13T04:38:02-00:00 2024-06-30 020481068 David A Kreed CPA 36 North Street Manchester NH 03104 990 2023-07-01 020309681 MAGDALEN COLLEGE % VICTOR PRIETO MAGD 6034562656 42 KEARSARGE VALLEY ROAD WILMOT NH 03287 VICTOR PRIETO PRESIDENTTRUSTEE 6034562656 2024-11-13 true true David A Kreed P00029025 6036254792 2024-11-13 X 2023 2024-10-15 13:58:12Z X VICTOR PRIETO 42 KEARSARGE VALLEY ROAD WILMOT NH 03287 4476621 false X www.magdalen.edu X 1973 NH See Schedule O 7 6 81 0 309110 456777 1919092 1889450 36235 91393 407178 1168029 2671615 3605649 988615 860269 0 1298993 1269936 0 0 1135113 1297596 3422721 3427801 -751106 177848 3658951 91100 3774668 28969 -115717 62131 THE MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. THE MISSION IS ACCOMPLISHED THROUGH AN ORDERED LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY. false true 2887280 3980 1889450 THE COLLEGE PROGRAM OF STUDIES OFFERED ASSOCIATE AND BACHELOR OF ARTS DEGREES OVER A TWO TO FOUR YEAR COURSE OF FULL-TIME STUDY. THE PROGRAM WAS AN INTEGRATED PROGRAM OF LIBERAL ARTS AND ROMAN CATHOLIC THEOLOGY TAUGHT IN THE SOCRATIC SEMINAR PEDAGOGICAL METHOD. 2887280 true true false false false false false false false true true false false false false false true false true false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 0 0 true 81 true false false false false false false false false false false false false X 7 6 false false false false false false false true true false false true true true true true true true false false NH X VICTOR PRIETO 6034562656 42 KEARSARGE VALLEY ROAD WILMOT NH 03287 X RYAN MESSMORE PRESIDENT/TRUSTEE 060.00 X X 147841 0 0 VICTOR PRIETO CHAIRMAN 040.00 X X 0 0 0 BERNARD TOWNE TREASURER 002.00 X X 0 0 0 DAVID CURRIER SECRETARY 002.00 X X 0 0 0 NATHAN BOND TRUSTEE 002.00 X 0 0 0 REV MICHAEL SARTORI TRUSTEE 002.00 X 0 0 0 DANIEL SWEGART TRUSTEE 002.00 X 0 0 0 147841 1 false false false X 3980 452797 456777 Tuition, Room and Board, Net 611600 1889450 1889450 1889450 8902 8902 953463 870972 82491 82491 82491 Other Income 900099 58086 58086 Deed in Lieu 900099 1109943 1109943 1168029 3605649 1947536 1201336 0 860269 860269 0 0 147841 79570 68271 0 844324 844324 17648 17648 187398 174503 12895 72725 67721 5004 0 0 0 0 0 0 15530 13983 1547 32731 8256 24475 0 0 163008 162881 127 4065 3101 964 0 0 14309 1011 13298 0 254975 254975 101214 78108 23106 FOOD SERVICE 157944 157944 REPAIRS AND MAINTENANCE 57238 57238 PROPERTY TAXES 32479 32479 EVENTS EXPENSE 32188 32188 431915 58729 373186 3427801 2887280 540521 0 41389 85699 5110 90614 12657 5401 242195 9131059 6744436 2386623 870972 9391 3658951 91100 98413 28969 9000 51900 3552462 62893 3774668 28969 X -219411 55295 103694 6836 -115717 62131 3658951 91100 177848 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 6836 6836 6836 4996 1284 13116 6836 6836 6836 6836 6836 6836 0.09310 0.90210 0.01000 false false 6123420 6123420 117252 117252 758739 758739 Financial derivatives and other financial products Closely-held equity interests Federal income taxes CHARITABLE GIFT ANNUITY PENSION ANNUITY OBLIGATION FINANCING LEASE LIABILITY 1552946 1552946 2052703 2052703 3605649 2567532 2567532 860269 860269 3427801 V 4 Intended uses of endowment funds will be used to support the Colleges mission of offering associate and bachelor of arts degrees. XI 4b Revenue amounts included on return are other scholarships netted against income on financial statements 860,269 and amount from disposition of investments 1,192,434. XII 4b Expense amounts included on the return - other scholarships netted against income on financial statements 860,269 true true true true true true true false false false false false false false false false false true true Scholarships 58 860269 FMV Tuition assistance Part I Line 2 Procedures for monitoring the use of grant funds to provided scholarships to students for tuition assistance to attend the 2023-2024 academic school year. X false false false false false false false false false DAVID CURRIER BOARD MEMBER OPERATIONS X 235000 false true true Form 990, Part VI, Section B, Line 11b THE RETURN IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL. Form 990, Part VII, Section B, Line 12c THE BOARD OF TRUSTEES REVIEWS CONFLICT OF INTEREST COMPLIANCE AT EACH BOARD MEETING. Form 990, Part VI, Section B, Line 15a THE PRESIDENT AND ALL KEY EMPLOYEES ARE MEMBERS OF THE FACULTY AND ARE PAID ON THE FACULTY SALARY SCALE WITH NO ADJUSTMENTS FOR THEIR POSITION. THE FACULTY SCALES ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. Form 990, Part VI, Section C, Line 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part I, Line 1 Organization Mission - organization is a four year liberal arts college, offering associate of arts and bachelor of arts degrees in liberal studies. Mission is to create and govern a roman catholic institution of higher learning, pursuant to the principles as set forth in the apostolic constitution on catholic universities of Pope John Paul II. Its mission is accomplished through an integrated and ordered common life, directed by catholic principles and grounded in the socratic pedagogical method of inquiry. Form 990, Part VIII, Line 11b tHE BOARD OF TRUSTEES AFTER CONTINUED LOW ENROLLMENT DECIDED THAT THE 2023-204 ACASDEMIC YEAR WOULD BE MAGDALEN COLLEGES LAST YEAR. THEY TRANSFERRED THE DEED TO THEIR FACILITIES IN LIEU OF FORECLOSURE.