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WASHINGTON COLLEGE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WASHINGTON COLLEGE (EIN 52-0591691)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202501359349310310
Schema version
2023v6.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T13:27:20-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1950 NORTH GLEBE ROAD SUITE 1200AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN520591691EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WASHINGTON COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWASHBusinessNameControlTxt
Phone4107787784PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 WASHINGTON AVENUEAddressLine1Txt
CityCHESTERTOWNCityNm
State AbbreviationMDStateAbbreviationCd
ZIP216201197ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERI SIMMONSPersonNm
Person TitleDEPUTY CFOPersonTitleTxt
Phone4107787204PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT WILLIAMSPreparerPersonNm
PTINP01345960PTIN
Phone5712279500PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR MICHAEL J SOSULSKIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 WASHINGTON AVENUEAddressLine1Txt
CityCHESTERTOWNCityNm
State AbbreviationMDStateAbbreviationCd
ZIP216201197ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$218,612,505GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WASHCOLL.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1782FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionWASHINGTON COLLEGE CHALLENGES AND INSPIRES EMERGING CITIZEN LEADERS TO DISCOVER LIVES OF PURPOSE AND PASSION.ActivityOrMissionDesc
Voting Members Governing Body33VotingMembersGoverningBodyCnt
Voting Members Independent32VotingMembersIndependentCnt
Total Employee1230TotalEmployeeCnt
Total Volunteers381TotalVolunteersCnt
Total Gross UBI-$191,922TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$134,613NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,694,758PYContributionsGrantsAmt
CY Contributions Grants$85,403,009CYContributionsGrantsAmt
PY Program Service Revenue$60,129,111PYProgramServiceRevenueAmt
CY Program Service Revenue$59,014,658CYProgramServiceRevenueAmt
PY Investment Income$13,723,495PYInvestmentIncomeAmt
CY Investment Income$8,310,699CYInvestmentIncomeAmt
PY Other Revenue$2,835,199PYOtherRevenueAmt
CY Other Revenue$1,464,316CYOtherRevenueAmt
PY Total Revenue$94,382,563PYTotalRevenueAmt
CY Total Revenue$154,192,682CYTotalRevenueAmt
PY Grants And Similar Paid$30,603,110PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$30,251,019CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$34,387,601PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$38,496,999CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,578,970CYTotalFundraisingExpenseAmt
PY Other Expenses$36,426,709PYOtherExpensesAmt
CY Other Expenses$43,546,638CYOtherExpensesAmt
PY Total Expenses$101,417,420PYTotalExpensesAmt
CY Total Expenses$112,294,656CYTotalExpensesAmt
PY Revenues Less Expenses-$7,034,857PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$41,898,026CYRevenuesLessExpensesAmt
Total Assets BOY$490,986,375TotalAssetsBOYAmt
Total Assets EOY$563,029,259TotalAssetsEOYAmt
Total Liabilities BOY$85,812,464TotalLiabilitiesBOYAmt
Total Liabilities EOY$85,666,030TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$405,173,911NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$477,363,229NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWASHINGTON COLLEGE CHALLENGES AND INSPIRES EMERGING CITIZEN LEADERS TO DISCOVER LIVES OF PURPOSE AND PASSION.CORE VALUESWE SHARE THESE VALUES OF OUR FOUNDING PATRON, GEORGE WASHINGTON: INTEGRITY, DETERMINATION, CURIOSITY, CIVILITY, LEADERSHIP, AND MORAL COURAGE. WE OFFER ACADEMIC RIGOR AND SELF-DISCOVERY IN A SUPPORTIVE, RESIDENTIAL COMMUNITY OF WELL-QUALIFIED, DIVERSE, AND MOTIVATED INDIVIDUALS. WE DEVELOP IN OUR STUDENTS HABITS OF ANALYTIC THOUGHT AND CLEAR COMMUNICATION, AESTHETIC INSIGHT, ETHICAL SENSITIVITY, AND CIVIC RESPONSIBILITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$90,769,678ExpenseAmt
Grant$30,251,020GrantAmt
Revenue$46,827,851RevenueAmt
DescWASHINGTON COLLEGE'S ACHIEVEMENTS INCLUDE SUCCEEDING AS AN INSTITUTION OF HIGHER EDUCATION PROMOTING HABITS OF ANALYTIC THOUGHT, AESTHETIC INSIGHT, IMAGINATION, ETHICAL SENSITIVITY AND CLARITY OF EXPRESSION WHILE SUCCESSFULLY GRADUATING STUDENTS IN 4 YEARS. THE COLLEGE ENDEAVORS TO PREPARE ITS GRADUATES FOR FURTHER EDUCATION AND PRODUCTIVE CAREERS. WITH MANY MAJORS AND ACADEMIC PROGRAMS TO CHOOSE FROM, STUDENTS CAN DEVISE A COURSE OF STUDY THAT FITS THEIR INTELLECTUAL INTERESTS AND CAREER ASPIRATIONS. IN ADDITION TO TRADITIONAL FIELDS OF STUDY, THEY MAY CHOOSE AN AREA OF CONCENTRATION IN FIELDS SUCH AS BEHAVIORAL NEUROSCIENCE, CLINICAL PSYCHOLOGY OR EAST ASIAN STUDIES, AMONG OTHERS. THE COLLEGE ALSO OFFERS PROFESSIONAL PREPARATION TRACKS IN PREMEDICAL STUDIES AND PRE-LAW, AS WELL AS DUAL DEGREE PROGRAMS IN ENGINEERING, NURSING AND PHARMACY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$213,173ExpenseAmt
Grant$0GrantAmt
Revenue$1,130,016RevenueAmt
DescWASHINGTON COLLEGE USES ITS FACILITIES DURING SUMMER MONTHS TO FACILITATE EDUCATIONAL EXPERIENCES FOR YOUNGER K-12 STUDENTS. THESE STUDENTS ARE GIVEN AN OPPORTUNITY TO PARTICIPATE IN SUMMER CAMPS RANGING FROM SCIENCES, MATHEMATICS AND HANDS ON PROJECTS. THESE CAMPS LAST ANYWHERE FROM FOUR DAYS TO THREE WEEKS AND ARE MANAGED BY OTHER OUTSIDE NONPROFIT ORGANIZATIONS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$0ExpenseAmt
Grant$0GrantAmt
Revenue$10,837,839RevenueAmt
DescWASHINGTON COLLEGE'S RESIDENTIAL LIFE PROGRAM PROVIDES STUDENTS WITH OPPORTUNITIES AND EXPERIENCES THAT HELP THEM TO DEVELOP RESPONSIBILITIES BOTH TO THEMSELVES AND TO THEIR FELLOW STUDENTS. IT ATTEMPTS TO PROVIDE A RELAXING AND CALM ATMOSPHERE FOR STUDY AND DAY-TO-DAY LIVING. INDEED, LIVING ON-CAMPUS IS TRULY THE "OTHER-HALF" OF A COLLEGE EDUCATION. WITH APPROXIMATELY 27 DORMS TO CHOOSE FROM, STUDENTS HAVE CHOICES OF SINGLE, DOUBLES OR TRIPLES IN EACH ROOM/UNIT. HODSON HALL HOUSES THE DINING FACILITIES FOR WASHINGTON COLLEGE. THE MAIN DINING HALL SEATS 500 ON TWO LEVELS. STUDENTS, FACULTY AND STAFF FIND MADE-TO-ORDER MEALS ALONG WITH SELF-SERVE OPTIONS ALLOWING FOR A CUSTOMIZED DINING EXPERIENCE. STUDENTS CHOOSE FROM FIVE MEALS PLANS WITH ADDITIONAL OPTIONS FOR MEAL EQUIVALENCIES. CASUAL DINING IS LOCATED ON THE FIRST FLOOR OF THE COMMONS. OPERATING UNTIL LATE EVENING, OPTIONS INCLUDE MONDO SUBS, MARTHA'S KITCHEN, AND THE CAMPUS COFFEE BAR, JAVA GEORGE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$90,982,851TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation EasementsYes (1)ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document377IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1230EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form1098 C FiledYes (1)Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members33GoverningBodyVotingMembersCnt
Independent Voting Member32IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TERI SIMMONS DEPUTY CFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4107787784PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 WASHINGTON AVEAddressLine1Txt
CityCHESTERTOWNCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21620ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
STEPHEN T GOLDING
CHAIR1.00Yes (X)Yes (X)$0$0$0
RICHARD WHEELER
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
VALARIE A SHEPPARD
SECRETARY1.00Yes (X)Yes (X)$0$0$0
PETER MALLER
TREASUER1.00Yes (X)Yes (X)$0$0$0
JIM BAROSSI
MEMBER1.00Yes (X)$0$0$0
THAD BENCH
MEMBER1.00Yes (X)$0$0$0
H LAWRENCE CULP JR
MEMBER1.00Yes (X)$0$0$0
RYDER DANIELS
MEMBER1.00Yes (X)$0$0$0
HILARY FALK
MEMBER1.00Yes (X)$0$0$0
L MYRTON GAINES II
MEMBER1.00Yes (X)$0$0$0
MARGARET STEVENS JACKS
MEMBER1.00Yes (X)$0$0$0
KIRK B JOHNSON
MEMBER1.00Yes (X)$0$0$0
HONG JIM LIM
MEMBER1.00Yes (X)$0$0$0
REBECCA CORBIN LOREE
MEMBER1.00Yes (X)$0$0$0
WILLIAM S SHEP MILLER
MEMBER1.00Yes (X)$0$0$0
EDWARD P NORDBERG
MEMBER1.00Yes (X)$0$0$0
BERT W REIN
MEMBER1.00Yes (X)$0$0$0
BRANDON RIKER
MEMBER1.00Yes (X)$0$0$0
REBECCA RIMEL
MEMBER1.00Yes (X)$0$0$0
LAURA SALLADIN
MEMBER1.00Yes (X)$0$0$0
HUGH SHERMAN
MEMBER1.00Yes (X)$0$0$0
LISA SMITH
MEMBER1.00Yes (X)$0$0$0
WILLIAM L SNOOK
MEMBER1.00Yes (X)$0$0$0
DARYL L SWANSTROM
MEMBER1.00Yes (X)$0$0$0
JOHN H TIMKEN
MEMBER1.00Yes (X)$0$0$0
DONALD C TOMASSO
MEMBER1.00Yes (X)$0$0$0
DEBORAH MOXLEY TURNER
MEMBER1.00Yes (X)$0$0$0
JANICE DAUE WALKER
MEMBER1.00Yes (X)$0$0$0
ELIZABETH WAREHIME
MEMBER1.00Yes (X)$0$0$0
MICHAEL WOODFOLK
MEMBER (THRU 12/31)1.00Yes (X)$0$0$0
MICHELLE GIBBONS-NEFF
MEMBER1.00Yes (X)$0$0$0
NAYEF SAMHAT
MEMBER1.00Yes (X)$0$0$0
RICHARD D WOOD
MEMBER1.00Yes (X)$0$0$0
CARYN YORK
MEMBER1.00Yes (X)$0$0$0
MICHAEL SOSULSKI
PRESIDENT55.00Yes (X)Yes (X)$441,251$0$68,560
EDWARD PATRICK
VP FOR FINANCE & ADMINISTRATION55.00Yes (X)$254,175$0$14,541
SUSANNAH C SUTLEY
VP, ADVANCEMENT, ALUMNI AF55.00$264,053$0$29,471Yes (X)
SARAH FEYERHERM
VP OF STUDENT AFFAIRS55.00$174,884$0$16,582Yes (X)
VICTOR SENSENIG
CHIEF OF STAFF/VP FOR PLANNING55.00$162,265$0$27,120Yes (X)
BRIAN SPEER
VICE PRESIDENT FOR MARKETING AND COMMUNICATION55.00$211,973$0$28,888Yes (X)
JOHNNIE JOHNSON
VICE PRESIDENT FOR ENROLLMENT MANAGEMENT55.00$175,349$0$16,954Yes (X)
LISA MARX
DIRECTOR OF HEALTH SERVICE55.00$142,766$0$5,366Yes (X)
MICHAEL HARVEY
SPECIAL ASSISTANT TO THE PRESIDENT FOR STRATEGIC I55.00$166,305$0$20,413Yes (X)
ADAM GOODHEART
DIRECTOR OF THE STARR CENTER55.00$147,593$0$15,890Yes (X)
VALERIE IMBRUCE
DIRECTOR, CES55.00$198,670$0$24,711Yes (X)
SHEKAYLA HOOKS
NURSE PRACTITIONER55.00$133,133$0$13,855Yes (X)
JOHN SEIDEL
FORMER DIRECTOR, CES (THRU 12/22)0.00$210,230$0$981Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,682,647TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$283,332TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K30IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ELLUCIAN COMPANY LP
2003 EDMUND HALLEY DR SUITE 500RESTONVA20191OIT MANAGEMENT$2,024,135
OSPREY CUSTOM CARPENTRY
6008 CHRUCH HILL ROADCHESTERTOWNMD21620BUILDING CONTRACTOR$957,163
HOLMAN BUILDING
526 HIGH STREETCHESTERTOWNMD21620BUILDING CONTRACTOR$888,741
BSC GROUP LLC
114 BAY STREETEASTONMD21601PROFESSIONAL FINANCE SERVICES$380,755
CLIFTON LARSON ALLEN LLP
PO BOX 829709PHILADELPHIAPA19182CPA SERVICES$160,479
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt
Fundraising$16,731FundraisingAmt
Government Grants$6,763,317GovernmentGrantsAmt
All Other Contributions$78,622,961AllOtherContributionsAmt
Noncash Contributions$98,673NoncashContributionsAmt
Total Contributions$85,403,009TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES900099$46,827,851$46,827,851
RESIDENTIAL LIFE/DINING900099$10,837,839$10,837,839
SUMMER CONFERENCES/CATERING900099$1,281,945$1,062,993$218,952
AUXILIARY ENTERPRISES900099$67,023$67,023
FieldValueIRS element (for citing)
Total Program Service Revenue$59,014,658TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,246,002TotalRevenueColumnAmt
Unrelated Business Revenue-$434,365UnrelatedBusinessRevenueAmt
Exclusion$6,680,367ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$107,929RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$107,929RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$107,929TotalRevenueColumnAmt
Exclusion$107,929ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$65,755,240SecuritiesAmt
Other$719,523OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$63,903,752SecuritiesAmt
Other$506,314OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,851,488SecuritiesAmt
Other$213,209OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,064,697TotalRevenueColumnAmt
Unrelated Business Revenue$23,491UnrelatedBusinessRevenueAmt
Exclusion$2,041,206ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$16,731ContriRptFundraisingEventAmt
Fundraising Direct Expenses$9,757FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$9,757TotalRevenueColumnAmt
Exclusion-$9,757ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
MISCELLANEOUS INCOME900099$1,105,908$1,105,908
ATHLETIC PROGRAMS900099$207,587$207,587
GIS PROGRAM900099$52,649$52,649
FieldValueIRS element (for citing)
Other Revenue Total$1,366,144OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$154,192,682TotalRevenueColumnAmt
Related Or Exempt Func Income$58,795,706RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$191,922UnrelatedBusinessRevenueAmt
Exclusion$10,185,889ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$19,461TotalAmt
Program Services$19,461ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$29,595,645TotalAmt
Program Services$29,595,645ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$635,913TotalAmt
Program Services$635,913ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,988,460TotalAmt
Program Services$661,183ProgramServicesAmt
Management And General$1,016,807ManagementAndGeneralAmt
Fundraising$310,470FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$29,274,737TotalAmt
Program Services$24,510,245ProgramServicesAmt
Management And General$3,718,537ManagementAndGeneralAmt
Fundraising$1,045,955FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$916,914TotalAmt
Program Services$815,816ProgramServicesAmt
Management And General$61,043ManagementAndGeneralAmt
Fundraising$40,055FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,233,837TotalAmt
Program Services$3,437,171ProgramServicesAmt
Management And General$620,294ManagementAndGeneralAmt
Fundraising$176,372FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,083,051TotalAmt
Program Services$1,690,978ProgramServicesAmt
Management And General$303,453ManagementAndGeneralAmt
Fundraising$88,620FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$379,120TotalAmt
Management And General$379,120ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$170,727TotalAmt
Management And General$170,727ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$883,121TotalAmt
Management And General$883,121ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$10,805,564TotalAmt
Program Services$5,462,943ProgramServicesAmt
Management And General$4,823,453ManagementAndGeneralAmt
Fundraising$519,168FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$435,695TotalAmt
Program Services$423,814ProgramServicesAmt
Management And General$11,881ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$463,278TotalAmt
Program Services$412,279ProgramServicesAmt
Management And General$14,481ManagementAndGeneralAmt
Fundraising$36,518FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,430,511TotalAmt
Program Services$2,173,228ProgramServicesAmt
Management And General$1,225,786ManagementAndGeneralAmt
Fundraising$31,497FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,865,727TotalAmt
Program Services$1,745,768ProgramServicesAmt
Management And General$82,808ManagementAndGeneralAmt
Fundraising$37,151FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,783,006TotalAmt
Program Services$2,190,185ProgramServicesAmt
Management And General$1,592,821ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,962,490TotalAmt
Program Services$6,563,294ProgramServicesAmt
Management And General$2,396,976ManagementAndGeneralAmt
Fundraising$2,220FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$722,051TotalAmt
Program Services$442,689ProgramServicesAmt
Management And General$279,362ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
REPAIRS & MAINTENANCE$2,358,981$1,937,274$393,772$27,935
SUPPLIES$1,863,206$1,705,049$99,956$58,201
PRINTING & PUBLICATION$1,015,599$868,593$49,322$97,684
LIBRARY EXPENSES$472,733$472,733

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,934,829TotalAmt
Program Services$5,218,590ProgramServicesAmt
Management And General$609,115ManagementAndGeneralAmt
Fundraising$107,124FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$112,294,656TotalAmt
Program Services$90,982,851ProgramServicesAmt
Management And General$18,732,835ManagementAndGeneralAmt
Fundraising$2,578,970FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$4,721,884EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$17,903,306BOYAmt
EOY$4,732,544EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,229,825BOYAmt
EOY$16,525,291EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,587,033BOYAmt
EOY$1,676,441EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$47,016BOYAmt
EOY$45,174EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,524,459BOYAmt
EOY$1,114,002EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$326,306,484LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$153,849,843LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$172,738,116BOYAmt
EOY$172,456,641EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$142,886,315BOYAmt
EOY$188,339,576EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$132,138,915BOYAmt
EOY$158,319,860EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$14,931,390BOYAmt
EOY$15,097,846EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$490,986,375BOYAmt
EOY$563,029,259EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,225,986BOYAmt
EOY$7,410,670EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$523,352BOYAmt
EOY$645,977EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$63,449,802BOYAmt
EOY$60,093,261EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,613,324BOYAmt
EOY$17,516,122EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$85,812,464BOYAmt
EOY$85,666,030EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$119,080,074BOYAmt
EOY$98,932,210EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$286,093,837BOYAmt
EOY$378,431,019EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$405,173,911BOYAmt
EOY$477,363,229EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$490,986,375BOYAmt
EOY$563,029,259EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$41,898,026ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$30,225,531NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$65,760OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Historic Land AreaYes (X)HistoricLandAreaInd
Historic StructureYes (X)HistoricStructureInd
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (1)WrittenPolicyMonitoringInd
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$281,135,336BeginningYearBalanceAmt
Contributions$61,249,962ContributionsAmt
Investment Earnings Or Losses$37,806,298InvestmentEarningsOrLossesAmt
Other Expenditures$17,889,681OtherExpendituresAmt
End Year Balance$362,301,915EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$273,011,325BeginningYearBalanceAmt
Contributions$6,640,830ContributionsAmt
Investment Earnings Or Losses$20,638,335InvestmentEarningsOrLossesAmt
Other Expenditures$19,155,154OtherExpendituresAmt
End Year Balance$281,135,336EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$299,835,141BeginningYearBalanceAmt
Contributions$12,099,808ContributionsAmt
Investment Earnings Or Losses-$23,644,635InvestmentEarningsOrLossesAmt
Other Expenditures$15,278,989OtherExpendituresAmt
End Year Balance$273,011,325EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$235,039,624BeginningYearBalanceAmt
Contributions$5,294,003ContributionsAmt
Investment Earnings Or Losses$73,591,590InvestmentEarningsOrLossesAmt
Other Expenditures$14,090,076OtherExpendituresAmt
End Year Balance$299,835,141EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$236,685,309BeginningYearBalanceAmt
Contributions$5,631,681ContributionsAmt
Investment Earnings Or Losses$5,902,540InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,141,988GrantsOrScholarshipsAmt
Other Expenditures$6,037,918OtherExpendituresAmt
End Year Balance$235,039,624EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.02200BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.97800PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,688,654OtherCostOrOtherBasisAmt
Book Value$22,688,654BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$257,462,046OtherCostOrOtherBasisAmt
Depreciation$123,584,731DepreciationAmt
Book Value$133,877,315BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$40,755,181OtherCostOrOtherBasisAmt
Depreciation$30,265,112DepreciationAmt
Book Value$10,490,069BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,400,603OtherCostOrOtherBasisAmt
Book Value$5,400,603BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$172,456,641TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
LIMITED PARTNERSHIPS$96,813,376F
HEDGE FUNDS$54,122,728F
REAL ESTATE$7,383,756F
FieldValueIRS element (for citing)
Total Book Value Securities$158,319,860TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
FINANCING LEASE LIABILITY$16,115,139
FUNDS HELD FOR OTHERS$661,656
OPERATING LEASE LIABILITY$379,572
ANNUITIES PAYABLE$359,755
FieldValueIRS element (for citing)
Total Liability$17,516,122TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$153,379,052TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$30,225,531NetUnrealizedGainsInvstAmt
Other Revenue-$30,165,798OtherRevenueAmt
Revenue Not Reported$59,733RevenueNotReportedAmt
Revenue Subtotal$153,319,319RevenueSubtotalAmt
Investment Expenses Not Incld$883,121InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$9,757OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$873,364RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$154,192,683TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$81,189,734TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$9,757OtherExpensesIncludedAmt
Expenses Not Reported$9,757ExpensesNotReportedAmt
Expenses Subtotal$81,179,977ExpensesSubtotalAmt
Investment Expenses Not Incld2$883,121InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$30,231,558OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$31,114,679ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$112,294,656TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 9:WASHINGTON COLLEGE HAS NOT REPORTED EASEMENTS IN THE FINANCIAL STATEMENTS.
PART III, LINE 4:WASHINGTON COLLEGE HOLDS A SIGNIFICANT PLACE IN THE HISTORY OF AMERICAN HIGHER EDUCATION AS THE FIRST COLLEGE OF THE NEW NATION.
PART V, LINE 4:THE ENDOWMENT FUNDS HAVE MANY DIFFERENT PURPOSES BUT OVERALL THEY ARE THERE TO SUPPLEMENT THE COLLEGE'S OPERATIONS IN WAYS THAT ENHANCE THE STUDENT EXPERIENCE.
PART X, LINE 2:UNDER PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF MARYLAND, THE COLLEGE IS EXEMPT FROM TAXES ON INCOME, OTHER THAN UNRELATED BUSINESS INCOME. THE COLLEGE RECOGNIZES OR DERECOGNIZES A TAX POSITION BASED THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 65,760. GRANTS, SCHOLARSHIPS, AND OTHER TUITION DISCOUNTS -30,231,558.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FUNDRAISING EXPENSE -9,757.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSE 9,757.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GRANTS, SCHOLARSHIPS, AND OTHER TUITION DISCOUNTS 30,231,558.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE RACIALLY NONDISCRIMINATORY POLICY IS PROVIDED IN THE STUDENT HANDBOOK, THE FACULTY HANDBOOK, THE STAFF HANDBOOK, THE COLLEGE CATALOG, AND ON THE COLLEGE'S WEBSITE.
SCHEDULE E, PART I, LINE 6THE COLLEGE RECEIVES ANNUAL GRANTS FROM FEDERAL, STATE AND LOCAL AGENCIES.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN00GRANTS TO RECIPIENTS IN THE REGION$72,188
EAST ASIA AND THE PACIFIC00GRANTS TO RECIPIENTS IN THE REGION$26,500
EUROPE (INCLUDING ICELAND & GREENLAND)00GRANTS TO RECIPIENTS IN THE REGION$29,000
MIDDLE EAST AND NORTH AFRICA00GRANTS TO RECIPIENTS IN THE REGION$61,800
NORTH AMERICA00GRANTS TO RECIPIENTS IN THE REGION$30,000
RUSSIA AND NEIGHBORING STATES00GRANTS TO RECIPIENTS IN THE REGION$14,000
SOUTH AMERICA00GRANTS TO RECIPIENTS IN THE REGION$35,000
SOUTH ASIA00GRANTS TO RECIPIENTS IN THE REGION$158,146
SUB-SAHARAN AFRICA00GRANTS TO RECIPIENTS IN THE REGION$209,279
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$426,634SubtotalSpentAmt
Continuation Spent$209,279ContinuationSpentAmt
Total Spent$635,913TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIPSCENTRAL AMERICA AND THE CARIBBEAN2$72,188OTHER
SCHOLARSHIPSEAST ASIA AND THE PACIFIC2$26,500OTHER
SCHOLARSHIPSEUROPE (INCLUDING ICELAND & GREENLAND)1$29,000OTHER
SCHOLARSHIPSMIDDLE EAST AND NORTH AFRICA1$61,800OTHER
SCHOLARSHIPSNORTH AMERICA1$30,000OTHER
SCHOLARSHIPSRUSSIA AND NEIGHBORING STATES1$14,000OTHER
SCHOLARSHIPSSOUTH AMERICA1$35,000OTHER
SCHOLARSHIPSSOUTH ASIA4$158,146OTHER
SCHOLARSHIPSSUB-SAHARAN AFRICA6$209,279OTHER
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationWASHINGTON COLLEGE OFFERS SEVERAL TYPES OF FINANCIAL AID TO HELP QUALIFIED FULL-TIME UNDERGRADUATE STUDENTS MEET THEIR COLLEGE EXPENSES. COLLEGE-SPONSORED TUITION SCHOLARSHIPS, TUITION GRANTS, AND WORK/STUDY ARE AVAILABLE TO FULL-TIME UNDERGRADUATE STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND WHO MEET THE COLLEGE'S ADMISSION CRITERIA. IN ADDITION TO COLLEGE-SPONSORED FINANCIAL AID, ELIGIBLE STUDENTS CAN RECEIVE ASSISTANCE FROM FEDERAL, STATE, AND INDEPENDENT AID PROGRAMS. GRANT AND SCHOLARSHIP ASSISTANCE FROM ALL SOURCES IS FIRST APPLIED TO FULL-TIME TUITION CHARGES. GRANT AND SCHOLARSHIP ASSISTANCE IN EXCESS OF TUITION IS THEN APPLIED TO DIRECT COLLEGE CHARGES FOR FEES, AND ON CAMPUS ROOM AND BOARD. THE FEDERAL GOVERNMENT MAKES FFELP FUNDS AVAILABLE TO UNDERGRADUATE STUDENTS TO ATTEND POST-SECONDARY INSTITUTIONS. ELIGIBILITY IS BASED ON FINANCIAL NEED, AND APPLICATION IS THROUGH THE NORMAL FINANCIAL AID APPLICATION PROCESS OF WASHINGTON COLLEGE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
GRANTS AND SCHOLARSHIPS859$29,188,934N/AN/A
EMPLOYEE WAIVERS25$406,711N/AN/A

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:WASHINGTON COLLEGE OFFERS SEVERAL TYPES OF FINANCIAL AID TO HELP QUALIFIED FULL-TIME UNDERGRADUATE STUDENTS MEET THEIR COLLEGE EXPENSES. COLLEGE-SPONSORED TUITION SCHOLARSHIPS, TUITION GRANTS, AND WORK/STUDY ARE AVAILABLE TO FULL-TIME UNDERGRADUATE STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND WHO MEET THE COLLEGE'S ADMISSION CRITERIA. IN ADDITION TO COLLEGE-SPONSORED FINANCIAL AID, ELIGIBLE STUDENTS CAN RECEIVE ASSISTANCE FROM FEDERAL, STATE, AND INDEPENDENT AID PROGRAMS. GRANT AND SCHOLARSHIP ASSISTANCE FROM ALL SOURCES IS FIRST APPLIED TO FULL-TIME TUITION CHARGES. GRANT AND SCHOLARSHIP ASSISTANCE IN EXCESS OF TUITION IS THEN APPLIED TO DIRECT COLLEGE CHARGES FOR FEES, AND ON CAMPUS ROOM AND BOARD. THE FEDERAL GOVERNMENT MAKES FFELP FUNDS AVAILABLE TO UNDERGRADUATE STUDENTS TO ATTEND POST-SECONDARY INSTITUTIONS. ELIGIBILITY IS BASED ON FINANCIAL NEED, AND APPLICATION IS THROUGH THE NORMAL FINANCIAL AID APPLICATION PROCESS OF WASHINGTON COLLEGE.
PART III, COLUMN (B):PER FINANCIAL AID RECORDS

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL SOSULSKI
PRESIDENT$441,251$0$0$0$0$0$50,658$0$17,902$0$509,811$0$0$0
SUSANNAH C SUTLEY
VP, ADVANCEMENT, ALUMNI AF$264,053$0$0$0$0$0$8,595$0$20,876$0$293,524$0$0$0
EDWARD PATRICK
VP FOR FINANCE & ADMINISTRATION$254,175$0$0$0$0$0$8,616$0$5,925$0$268,716$0$0$0
BRIAN SPEER
VICE PRESIDENT FOR MARKETING AND COM$211,973$0$0$0$0$0$7,785$0$21,103$0$240,861$0$0$0
VALERIE IMBRUCE
DIRECTOR, CES$198,670$0$0$0$0$0$5,652$0$19,059$0$223,381$0$0$0
JOHN SEIDEL
FORMER DIRECTOR, CES (THRU 12/22)$40,230$0$0$0$170,000$0$981$0$0$0$211,211$0$0$0
JOHNNIE JOHNSON
VICE PRESIDENT FOR ENROLLMENT MANAGE$175,349$0$0$0$0$0$6,156$0$10,798$0$192,303$0$0$0
SARAH FEYERHERM
VP OF STUDENT AFFAIRS$174,884$0$0$0$0$0$6,133$0$10,449$0$191,466$0$0$0
VICTOR SENSENIG
CHIEF OF STAFF/VP FOR PLANNING$162,265$0$0$0$0$0$5,974$0$21,146$0$189,385$0$0$0
MICHAEL HARVEY
SPECIAL ASSISTANT TO THE PRESIDENT F$166,305$0$0$0$0$0$5,911$0$14,502$0$186,718$0$0$0
ADAM GOODHEART
DIRECTOR OF THE STARR CENTER$147,593$0$0$0$0$0$5,300$0$10,590$0$163,483$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE PRESIDENT OF WASHINGTON COLLEGE IS PROVIDED HOUSING AS A CONDITION OF EMPLOYMENT TO ENABLE THE PRESIDENT TO RESPOND TO EMERGENT SITUATIONS 24/7. THE PRESIDENT OF WASHINGTON COLLEGE IS REIMBURSED THE COST OF SOCIAL CLUB DUES. TO THE EXTENT THAT THE PRESIDENT USES THE CLUB FOR PERSONAL PURPOSES, THE VALUE OF THE BENEFIT IS INCLUDED IN HIS/HER TAXABLE INCOME. THE PRESIDENT OF THE COLLEGE RECEIVES NOMINAL HOUSEKEEPING AND CHAUFFER SERVICES. PERSONAL SERVICES ARE PROVIDED AS A BUSINESS NEED. HOUSEKEEPING SERVICES ARE FOR CLEANING THE COMMON AREAS USED FOR COLLEGE BUSINESS ONLY. THE CHAUFFER SERVICES ARE PROVIDED ONLY DURING BUSINESS HOURS TO ALLOW THE PRESIDENT TO WORK ELECTRONICALLY WHILE TRAVELING, THOUGH SUCH INSTANCES ARE NOT COMMON.
PART I, LINES 4A-BNAME: JOHN SEIDEL, DESCRIPTION: DIRECTOR, CES, CURRENT YEAR AMOUNT: $170,000 PLAN DESCRIPTION: SEVERANCE DURING THE 2023 CALENDAR YEAR, THE ORGANIZATION MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE FOLLOWING REPORTABLE INDIVIDUALS WERE ELIGIBLE TO PARTICIPATE IN THAT PLAN: MICHAEL SOSULSKI DURING 2023, THE FOLLOWING CONTRIBUTIONS WERE MADE BY THE COLLEGE TO THE PLAN: MICHAEL SOSULSKI: $36,000 DURING 2023, NO DISTRIBUTIONS WERE MADE BY THE COLLEGE FROM THE PLAN.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
TOWN OF CHESTERTOWN MARYLAND
A5260007832013-07-20$57,684,000REFUND 2009 AND 2010 BONDS0Yes (1)0
TOWN OF CHESTERTOWN MARYLAND
B5260007832015-11-24$20,206,000CAPITAL CONSTRUCTION0Yes (1)0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$18,844,000$57,684,000$369,000$57,315,000Yes (1)0Yes (1)Yes (1)
B$3,892,000$20,206,000$208,134$19,997,86600Yes (1)Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.032600.000000.0326000Yes (1)
B00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
RBCPNC
A0Yes (1)00Yes (1)Yes (1)25.0000000000000000Yes (1)
(no name)
B0Yes (1)00Yes (1)000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)

Schedule M IRS990ScheduleM

Boats And Planes BoatsAndPlanesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$78,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (6 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)CHESTER RIVER PAINTING1$6,555FMV
Yes (X)BOAT STORAGE1$4,800FMV
Yes (X)MEET THE PRESIDENT PARTY IN RI1$3,940FMV
Yes (X)RESTORATION OF ALUMNI HOUSE DOORS1$2,940FMV
Yes (X)TENT FOR SOFTBALL1$1,963FMV
Yes (X)DOGWOOD TREE AT CROMWELL BUILDING1$475FMV
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF ITEMS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE EXECUTIVE COMMITTEE'S CENTRAL PURPOSE IS TO STRENGTHEN THE BOARD'S PERFORMANCE BY HELPING IT FUNCTION EFFICIENTLY AND EFFECTIVELY. BETWEEN MEETINGS OF THE BOARD, THE COMMITTEE SHALL POSSESS AND EXERCISE ALL OF THE POWERS OF THE BOARD EXCEPT AS LIMITED BY THE GENERAL CORPORATION LAWS OF THE STATE OF MARYLAND. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, THE PRESIDENT OF THE COLLEGE, THE CHAIR OF ALL STANDING COMMITTEES AND NOT MORE THAN TWO (2) MEMBERS AT LARGE. PRIOR NOTICE OF ALL MEETINGS OF THE EXECUTIVE COMMITTEE SHALL BE GIVEN BY APPROPRIATE MEANS TO ALL MEMBERS. A QUORUM OF THE EXECUTIVE COMMITTEE SHALL CONSIST OF NO LESS THAN EIGHT OF THE DESIGNATED MEMBERS. THE EXECUTIVE COMMITTEE SHALL ASSIST THE PRESIDENT WITH NONESSENTIAL BUSINESS BETWEEN REGULAR BOARD MEETINGS AND SHALL ASSIST THE CHAIR AND THE PRESIDENT WITH THEIR JOINT RESPONSIBILITY TO HELP THE BOARD FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS.
FORM 990, PART VI, SECTION B, LINE 11BMANAGEMENT REVIEWS THE DRAFT OF THE 990 FOR ACCURACY AND RECONCILEMENT TO THE AUDITED FINANCIAL STATEMENTS. ONCE THIS REVIEW IS FINAL, A DRAFT COPY OF THE 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND THE AUDIT COMMITTEE CHAIRMAN FOR REVIEW AND COMMENTS FOR A 7 DAY PERIOD. A COPY OF THE DRAFT FORM 990 IS ALSO CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER IS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990. AFTER APPROVAL OF THE 990, THE TAX PREPARER IS NOTIFIED TO FINALIZE THE RETURN FOR FILING. A FINAL 990 PRESENTATION SUMMARY IS PRESENTED TO ALL THE BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 12CALL COVERED PERSONS SHALL DISCLOSE IN WRITING ANY POSSIBLE CONFLICT OF INTEREST WITH REGARD TO A PROPOSED TRANSACTION OR ARRANGEMENT, AS WELL AS ALL MATERIAL FACTS RELATED THERETO, TO THE BOARD AND TO THE APPROPRIATE BOARD COMMITTEE, IF ANY, AT THE EARLIEST PRACTICAL TIME. AFTER A POSSIBLE CONFLICT OF INTEREST HAS BEEN DISCLOSED, THE BOARD OR COMMITTEE SHALL DISCUSS AND, IF NECESSARY, INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. ULTIMATELY, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE COLLEGE CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST AND, IF SUCH ALTERNATIVE TRANSACTION OR ARRANGEMENT IS NOT FEASIBLE, WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST AND WILL NOT COMPROMISE OR HAVE THE APPEARANCE OF COMPROMISING THE COLLEGE'S ACADEMIC AND FISCAL INTEGRITY. THE INTERESTED PERSON SHALL REFRAIN FROM PARTICIPATING IN THE DISCUSSION CONCERNING (AND FROM VOTING ON) THE ISSUE THAT PRESENTS THE CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST AND MAY BE ASKED TO LEAVE THE MEETING DURING DISCUSSION OF AND/OR THE VOTE ON THE ISSUE.
FORM 990, PART VI, SECTION B, LINE 15SINCE THE 1980S, WASHINGTON COLLEGE HAS PURSUED A BOARD-AUTHORIZED ASPIRATION TO COMPENSATE FACULTY, ON AVERAGE, AT THE ALL-RANKS AVERAGE OF INSTITUTIONS WITH A CARNEGIE CLASSIFICATION OF IIB (PRIVATE, INDEPENDENT). IN 2012 THE BOARD REVISED THE GOAL TO COMPENSATE FACULTY ON A RANK BY RANK AVERAGE OF PRIVATE INDEPENDENT COLLEGES. A SIMILAR STANDARD FOR STAFF WAS DEVELOPED IN 2007 IN PARTNERSHIP WITH WATSON WYATT. ALSO IN 2012, THE COLLEGE PARTNERED WITH SIBSON TO CONDUCT A MARKET SALARY ANALYSIS OF ALL STAFF POSITIONS. AS A RESULT WE HAVE ADOPTED AND IMPLEMENTED A REVISED MARKET BASED STAFF SALARY STRUCTURE WHICH HAS 15 PAY LEVELS AND APPLIES TO BOTH EXEMPT AND NON EXEMPT STAFF. WASHINGTON COLLEGE HAS REVISED IT COMPENSATION PHILOSOPHY TO READ AS FOLLOWS: WASHINGTON COLLEGE PROVIDES EMPLOYEES WITH A TOTAL COMPENSATION PACKAGE, COMPRISED OF BOTH SALARY AND BENEFITS, THAT RECOGNIZES AND REWARDS PERFORMANCE AND PRODUCTIVITY WHILE MAINTAINING A COMPETITIVE MARKET POSITION AND INTERNAL EQUITY. IN SUPPORT OF THE COLLEGE'S MISSION WE ENDEAVOR TO PROVIDE A LEVEL OF COMPENSATION, BOTH CASH AND BENEFITS, TO ATTRACT, MOTIVATE AND RETAIN THE QUALITY OF WORKFORCE NECESSARY FOR THE ACHIEVEMENT OF THE COLLEGE'S GOALS. THE COMPENSATION PROGRAM SHALL BE CONSISTENT, RESPONSIVE, TRANSPARENT, AND EQUITABLE. THE COLLEGE IS COMMITTED TO A MERITOCRACY. OUR PERFORMANCE MANAGEMENT PROGRAM IS DESIGNED TO INCREASE THE PERSONAL AND PROFESSIONAL EFFECTIVENESS OF OUR STAFF INCLUDING PROVIDING STAFF WITH CLEAR PERFORMANCE EXPECTATIONS AND DEVELOPMENTAL OPPORTUNITIES. WE PROVIDE LEADERS WITH THE TOOLS AND TRAINING TO ENABLE THEM TO BUILD EFFECTIVE TEAMS AND LEAD SUCCESSFULLY INCLUDING COACHING PERFORMANCE AND MAKING SOUND COMPENSATION DECISIONS. THE PHILOSOPHY IS ACCOMPLISHED BY MAINTAINING ACCURATE JOB DESCRIPTIONS ON ALL POSITIONS AND BENCHMARKING JOBS AGAINST COMPARABLE POSITIONS IN THE MARKET. MARKET DATA IS DEVELOPED FROM NATIONAL DATA BASES, CUPA-HR SURVEYS AND LOCAL MARKET SURVEYS. DECISIONS REGARDING COMPENSATION PROGRAMS AND INDIVIDUAL PAY DECISIONS WILL BE MADE BASED ON THE ABOVE OBJECTIVES AS WELL AS THE COLLEGE'S FINANCIAL SITUATION. EACH SPRING, THE CHIEF OF STAFF PREPARES AN ANALYSIS OF COMPENSATION PROVIDED TO COMPETITOR IIB COLLEGE PRESIDENTS USING DATA ANALYSIS CONDUCTED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA-HR). THE RESULTING SPREADSHEET IS PROVIDED TO THE VICE-CHAIR, ALONG WITH THE EXECUTIVE MARKET-BASED LEVEL RANGE, TO INFORM ANY PAY ADJUSTMENT RECOMMENDATION THAT MIGHT EMERGE FROM THE SUBCOMMITTEE'S ANNUAL ASSESSMENT OF THE PRESIDENT'S PERFORMANCE. THE REPORT OF THE SUBCOMMITTEE, ALONG WITH ANY PAY ADJUSTMENT RECOMMENDATION, IS PRESENTED TO THE FULL BOARD OF VISITORS AND GOVERNORS FOR REVIEW AND APPROVAL IN EXECUTIVE SESSION. ANY DECISION BY THE BOARD OF VISITORS AND GOVERNORS IS RECORDED IN THE MINUTES OF THAT MEETING. THIS PROCESS WAS LAST COMPLETED IN 2024.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 65,760.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1WC WATER LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 WASHINGTON AVENUEAddressLine1Txt
CityCHESTERTOWNCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21620ZIPCd
FieldValueIRS element (for citing)
EIN270886807EIN
Primary ActivitiesREAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateMDLegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1WASHINGTON COLLEGEBusinessNameLine1Txt