2023-05-11T15:46:25-07:00 2022-06-30 990 2021-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594524 2023-05-12 1 11 1 AAL2 2021 2023-04-26 12:10:37Z Karen Leach 198 College Hill Rd Clinton NY 13323 653838821 0 X www.hamilton.edu X 1812 NY Hamilton College prepares students for lives of meaning, purpose, and active citizenship. Guided by the motto "Know Thyself," the College emphasizes intellectual growth, flexibility, and collaboration in a residential academic community. Hamilton students learn to think independently, embrace difference, write and speak persuasively, and engage issues ethically and creatively. One of America's first liberal arts colleges, Hamilton enables its students to effect positive change in the world. 42 41 2367 1015 7672413 6584078 60690458 34388633 137670165 151083424 80432304 91076408 95143 91896 278888070 276640361 47223650 51587235 0 0 80845811 84738961 0 0 6911209 76433744 82879241 204503205 219205437 74384865 57434924 1847174576 1694478041 207520576 202100041 1639654000 1492378000 A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 1950 students, representing 47 states and 49 countries, and offers 57 areas of study in the liberal arts, science and mathematics. Hamilton also offers pre-professional/cooperative programs in Business, Education, Engineering, Law, and Medicine and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes 29 competitive varsity teams in 17 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. 0 0 181526740 51587235 151175320 Providing a liberal arts education to approximately 1950 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College's full time faculty was 203 and most hold the highest obtainable degree in their field. 0 0 0 181526740 1 1 0 1 0 1 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 3129 0 1 2367 1 1 1 1 FR CH SP 0 0 0 0 0 0 0 0 0 0 0 1 1 X 42 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Hamilton College Business Office 3158594313 198 College Hill Rd Clinton NY 13323 Anne Dinneen Chief Investment Officer 40.00 X 1233126 0 54116 David Wippman President 40 X X 1020298 0 212331 Sara Orr Director of Investments 40 X 449466 0 33770 Karen L Leach VP Admin & Finance 40 X 361858 0 107502 Alexander Doucette Director of Investments 40 X 380134 0 50437 Suzanne Keen Vice President for Academic Affairs (ending 6/30/22) 40 X 286348 0 103911 Monica Inzer VP Enrollment Management 40 X 295536 0 59487 Lori Dennison VP Comm & Development 40 X 285529 0 65946 Theresa Martinez Vice President for Student Affairs (ending 6/30/22) 40 X 239414 0 104676 Frank Anechiarico Professor 40 X 253864 0 35378 Roger Wakemen Associate VP for Facilities (ending 6/30/22) 40 X 232731 0 43644 Melissa Richards VP, Communications 40 X 224922 0 45898 Barbara Tewksbury Professor 40 X 211390 0 29963 Joseph Shelley VP for Library and Information Technology 40 X 210820 0 22739 Margaret Gentry Professor, former key employee 6/30/18 40 X 185378 0 27136 Gillian King Chief of Staff and Secretary 40 X 170125 0 25488 Aron J Ain Trustee 2 X 0 0 0 Mason Ashe Trustee 2 X 0 0 0 Manal Ataya Trustee 2 X 0 0 0 Richard Bernstein Trustee 3 X 0 0 0 Betsy Bacot Trustee 2 X 0 0 0 Adutya Bhasin Trustee 2 X 0 0 0 Harold Bogle Trustee 3 X 0 0 0 Brian T Bristol Trustee 2 X 0 0 0 Phyllis A Breland Trustee 2 X 0 0 0 Johannes Burlin Trustee 2 X 0 0 0 Peter Coffin Trustee 2 X 0 0 0 Julia Cowles Trustee 2 X 0 0 0 Robert Delaney Jr Vice Chair 5.00 X 0 0 0 Mark Fedorcik Trustee 2 X 0 0 0 Carol T Friscia Trustee 2 X 0 0 0 Amy Goodfriend Trustee 2 X 0 0 0 Eric F Grossman Trustee 2 X 0 0 0 John Hadity Trustee 2 X 0 0 0 Philip Hawkins Trustee 2 X 0 0 0 David Hess Trustee 2 X 0 0 0 Alison Hill Trustee 2 X 0 0 0 Gregory Hoogkamp Trustee 2 X 0 0 0 Linda Johnson Vice Chair 5.00 X 0 0 0 Lea Haber Kuck Trustee 2 X 0 0 0 Sharon Madison Trustee 2 X 0 0 0 Christopher P Marshall Trustee 2 X 0 0 0 Robert Morris Trustee 2 X 0 0 0 Daniel Nye Trustee 2.00 X 0 0 0 Montgomery Pooley Trustee 2 X 0 0 0 Ronald Pressman Trustee 2.00 X 0 0 0 Imad Qasim Trustee 2.00 X 0 0 0 R Christopher Regan Trustee 2 X 0 0 0 Daniel Rifkin Trustee 2 X 0 0 0 Nancy Roob Trustee 2 X 0 0 0 Lindsey L Rotolo Trustee 2 X 0 0 0 Alexander Sacerdote Trustee 3 X 0 0 0 Greg Schwartz Trustee 2 X 0 0 0 Jack R Selby Trustee 2.00 X 0 0 0 David Solomon Chair 5 X 0 0 0 Sharon Walker Trustee 2 X 0 0 0 Srilata Zaheer Trustee 2 X 0 0 0 6040939 0 1022422 182 1 1 0 Compass Group USA Bon Appetit 9137 Collections Dr Chicago IL 60693 Dining Services 7385424 Daniel O'Connell's Son's Inc 800 Kelly Way Holyoke MA 01041 Construction Services 5382429 Allegrone Construction Co 150 Pittsfield Rd Suite A Lenox MA 01240 Construction Services 1368111 Lechase Construction Services 205 Indigo Creek Dr Rochester NY 14626 Construction Services 1226468 Beebe Construction Services Inc 6153 Trenton Rd Utica NY 13502 Construction Services 865247 47 0 0 0 0 3161633 31227000 6689812 34388633 Tuition and fees 611310 120195017 120195017 0 0 Room and Board 611310 29237466 29237466 0 0 Auxiliary Operations 611310 371900 371900 0 0 Application Fees 611310 293145 293145 0 0 985896 947019 38877 0 151083424 10091242 0 7633536 2457706 0 0 0 0 0 0 0 0 251522 0 159626 0 91896 0 91896 91896 0 0 458024000 0 377038834 0 80985166 0 80985166 0 0 80985166 0 0 276640361 151136443 7672413 83442872 74450 74450 49825481 49825481 1687304 1687304 3745665 470902 2889519 385244 62606461 54080279 4801332 3724850 5253200 4506144 440197 306859 8295693 6968471 853121 474101 4837942 3997809 543984 296149 590190 552457 37733 366510 366510 1149 1149 10441242 10441242 5581360 3283626 2211411 86323 370287 252176 118111 11345411 8276027 2838589 230795 2735980 1504789 1231191 4756668 4628238 95133 33297 5976038 4925891 910861 139286 152676 127333 20602 4741 7256884 6894084 362800 19171000 18672554 306736 191710 1496405 14920 1481485 Food Service 8470907 8470907 0 0 Special Programs and Events 1094848 87481 11798 995569 Prizes and Awards 820767 820767 0 0 Resident Advisor Room Charges 574329 574329 0 0 1676590 1382778 289260 4552 219205437 181526740 30767488 6911209 37807531 43134358 23202870 22176250 2066911 1695356 818436 780927 5378956 2999197 577822283 318959105 250829756 258863178 655926000 479414920 811174576 846120080 44537000 32472103 15432540 6821672 1847174576 1694478041 12440067 11451270 66117701 63579869 100596752 100623017 28366056 26445885 207520576 202100041 X 370529000 351121000 1269125000 1141257000 1639654000 1492378000 1847174576 1694478041 X 57434924 -203406924 0 0 0 -1304000 X 0 1 X 1 1 1 X 15473045 26348000 35796951 60690458 34388633 172697087 0 0 0 0 0 0 15473045 26348000 35796951 60690458 34388633 172697087 20585795 152111292 722096 3004145 11204534 10743693 2709228 28383696 3002387 6584078 9586465 210667248 681185713 0.72205 0.72544 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1149 1149 0 Schedule C, Part II-B, Line 1 The College pays membership dues to the National Association of Independent Colleges and Universities. Approximately 8% of our annual dues is attributed to lobbying activities. 6 6 1061493 1061493 672333 120000 2628331 2628331 1 1 1627040 12140192 0 0 X X X X Teaching 0 1411536349 23274831 -103621409 19769757 26048243 9809591 1275562180 1020321000 44748349 401883304 18516311 25533689 11366304 1411536349 969362000 30951000 72919300 17969100 24528900 10413300 1020321000 964169595 10806000 41791175 16429800 24106200 6868770 969362000 905758539 9667056 93237883 15628604 23245396 5619883 964169595 0.19 0.25 0.56 1 0 0 41007817 41007817 0 416439706 245356631 171083075 0 0 0 0 0 98117262 72924705 25192557 0 22257498 677769 21579729 258863178 Hedge Funds 348540490 F Private Equity 409783711 F Real Estate 30464432 F Energy 54973762 F Faculty Mortgages 2357685 F 846120080 Annuity Payable 15665670 Donor Advised Funds 4868042 Deposits and Advances 2429829 Asset Retirement Obligation 1778162 Post Retirement Benefit Obligations 1704182 26445885 X 61647821 -203406924 0 0 -1304000 -204710924 266358745 10441242 -159626 10281616 276640361 208923821 0 0 0 0 0 208923821 10441242 -159626 10281616 219205437 Schedule D, Part III, Line 4 While the ultimate purpose of the Museum is to increase the educational scope and opportunity for appreciation of the fine arts by Hamilton's students, it also seeks to enrich campus cultural life in general, as well as contribute to the cultural enrichment of the surrounding community. The collection includes more than 4,000 works of art, with strengths in American prints and works on paper, British art of the 20th century, ancient vases and glass, and Native American and Pre-Columbian art. Schedule D, Part V, Line 4 Endowment funds are used largely for scholarships, professorships and other academic programs of the College including support for the library, research activities, and internship support for students. Schedule D, Part X, Line 2 The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Change in annuity & life income obligations Schedule D, Part XI, Line 4b Faculty rental housing expenses Schedule D, Part XII, Line 4b Faculty rental housing expenses 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College complies with all relevant state and federal laws on nondiscrimination. The Director of Community Standards in the Student Life Division is responsible for coordinating the College's efforts to comply with Title IX of the Education Amendment of 1972, as well as its procedures for dealing with harassment on the basis of age, gender or gender identity, race, color, national origin, sexual and affectional orientation/association, military or veteran status, marital status, mental/physical disability, genetic information, ethnic origin, religion, or any other characteristic protected by law. The College's nondiscrimination policy is stated on its website and included in its employee and student handbooks and in employment advertising. Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell and federal work study programs for scholarship aid to students. We also receive funding from the NYS Higher Education Opportunity Program and NYS Aid to Private Colleges. 1 Europe (including Iceland and Greenland) 2 6 Program Services Hamilton Study Abroad 2280717 East Asia and the Pacific 1 1 Program Services Hamilton Study Abroad 167898 Europe (including Iceland and Greenland) Grantmaking Financial aid while studying abroad 1573629 East Asia and the Pacific Grantmaking Financial aid while studying abroad 56018 South America Grantmaking Financial aid while studying abroad 23574 Central America and the Caribbean Grantmaking Financial aid while studying abroad 15775 North America (including Canada and Mexico, but not the United States) Grantmaking Financial aid while studying abroad 9700 Sub-Saharan Africa Grantmaking Financial aid while studying abroad 8608 Central America and the Caribbean Investments Endowment investments 604765220 Europe (including Iceland and Greenland) Investments Endowment investments 3074211 East Asia and the Pacific Program Services Research activities and conference related travel 100803 North America (including Canada and Mexico, but not the United States) Program Services Research activities and conference related travel 92607 Sub-Saharan Africa Program Services Research activities and conference related travel 77901 Europe (including Iceland and Greenland) Program Services Research activities and conference related travel 61697 South Asia Program Services Research activities and conference related travel 45390 Middle East and North Africa Program Services Research activities and conference related travel 29815 Central America and the Caribbean Program Services Research activities and conference related travel 9190 Russia and the newly independent States Program Services Research activities and conference related travel 8591 South America Program Services Research activities and conference related travel 4408 3 7 612405752 Financial aid while studying abroad Europe (including Iceland and Greenland) 154 1573629 Check Financial aid while studying abroad East Asia and the Pacific 3 56018 Check Financial aid while studying abroad South America 3 23574 Check Financial aid while studying abroad Central America and the Caribbean 1 15775 Check Financial aid while studying abroad North America (including Canada and Mexico, but not the United States) 1 9700 Check Financial aid while studying abroad Sub-Saharan Africa 1 8608 Check 1 0 1 1 1 1 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide the College with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student and credited directly to the student's account. Schedule F, Part I, Line 3 All expenses and grants listed in Part I are based upon the accrual method of accounting. 1 Village of Clinton 22 Williams St Clinton NY 13323 156001292 Governmental 15000 0 Grant to support the local village Clinton Central School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)(3) 15000 0 Grant to support local school activities Clinton Central School 75 Chenango Ave Clinton NY 13323 156002171 Governmental 15450 0 Grant to support the local school Kirkland Art Center PO Box 213 9 1/2 East Park Row Clinton NY 13323 150618473 501(c)(3) 12500 0 Grant to support local arts community Clinton Fire Dept PO Box134 Clinton NY 13323 300504957 Governmental 10000 0 grant to support the local fire department Clinton Early Learning Center 75 Chenango Ave Clinton NY 13323 161019364 501(c)(3) 6500 0 Grant to support the local daycare center 6 0 College Funded Scholarships 547 31137081 Special Scholarships 216 9993453 General Scholarships 134 6199007 Higher Education Emergency Relief Fund 1049 1615050 Prizes and Awards 14 663211 Federal Grants 55 217679 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs in the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide the College with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student and credited directly to the student's account. The College also distributed HEERF Funds to qualified students in accordance with federal regulations. X X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Anne Dinneen Chief Investment Officer 466834 0 562500 0 203792 0 29000 0 25116 0 1287242 0 203282 David Wippman President 565890 0 0 0 454408 0 100760 0 111571 0 1232629 0 434161 Sara Orr Director of Investments 249250 0 200000 0 216 0 29000 0 4770 0 483236 0 0 Karen L Leach VP Admin & Finance 347609 0 0 0 14249 0 83252 0 24250 0 469360 0 0 Alexander Doucette Director of Investments 229954 0 150000 0 180 0 29000 0 21437 0 430571 0 0 Suzanne Keen Vice President for Academic Affairs (ending 6/30/22) 285088 0 0 0 1259 0 29000 0 74911 0 390258 0 0 Monica Inzer VP Enrollment Management 287305 0 0 0 8231 0 28750 0 30737 0 355023 0 0 Lori Dennison VP Comm & Development 274151 0 0 0 11378 0 28361 0 37585 0 351475 0 0 Theresa Martinez Vice President for Student Affairs (ending 6/30/22) 238392 0 0 0 1022 0 24805 0 79871 0 344090 0 0 Frank Anechiarico Professor 251516 0 0 0 2348 0 25475 0 9903 0 289242 0 0 Roger Wakemen Associate VP for Facilities (ending 6/30/22) 232204 0 0 0 527 0 24151 0 19492 0 276374 0 0 Melissa Richards VP, Communications 224417 0 0 0 505 0 23387 0 22511 0 270820 0 0 Barbara Tewksbury Professor 208671 0 0 0 2719 0 21105 0 8858 0 241353 0 0 Joseph Shelley VP for Library and Information Technology 210629 0 0 0 191 0 21092 0 1647 0 233559 0 0 Margaret Gentry Professor, former key employee 6/30/18 183321 0 0 0 2057 0 18540 0 8596 0 212514 0 0 Gillian King Chief of Staff and Secretary 169171 0 0 0 954 0 17113 0 8375 0 195613 0 0 Schedule J, Part I, Line 1a The College requires that the President, the VP for Academic Affairs and the VP for Student Affairs reside on campus as a condition of their employment; therefore, College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. Business class air travel is allowed for members of senior staff only when the travel is overseas or cross-continental. The cost of travel for a companion is allowed for the president only. Other services provided to the president include payment for membership in one club in Manhattan, such as the Princeton Club or the University Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Because these benefits are nontaxable, they are not included in the employees' Form W-2. However, they are included in Part II, column D of Schedule J. Schedule J, Part I, Line 7 A contractual bonus is paid to the Chief Investment Officer. A discretionary bonus is paid to the Directors of Investments as determined by the CIO and Chair of the Investment Committee based on their performance. A Oneida County Local Development Corporation Series 2013 273190422 682440AT9 2013-07-02 23886715 Complete construction of theater /studio arts building, renovate Minor Theater into a dormitory 0 0 0 B Oneida County Local Development Corporation Series 2021 273190422 682440CN0 2021-02-18 46607521 Major renovations of campus buildings and refunding Series 2002 Bonds 0 0 0 A 3460000 0 23899197 0 0 0 268037 0 0 23631160 0 0 2015 0 0 0 1 B 0 0 46639432 0 0 0 463379 0 0 325963 16639195 29210895 1 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0.0137 0.0137 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part II, Line 3-07/02/2013 23,886,715 Oneida County Local Development Corporation The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $12,482. Schedule K, Part II, Line 3-02/18/2021 46,607,521 Oneida County Local Development The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $31,911. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed on July 2, 2022. Schedule K, Part IV, Line 2c-02/18/2021 46,607,521 Oneida County Local Development The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing that no liability exists was completed on March 8, 2022. James G King Husband of key employee 96548 Assoc Professor of Physical Education, wages 0 X 2 1497600 Appraisal X 1 50800 Appraisal X 105 5062772 Stock Exchange X Steinway piano 1 78640 Appraisal 4 0 1 1 Schedule M, Part I Donations are reported based on the number of contributions received in Part I, column (b). Schedule M, Part I, Line 32b College policy stipulates that gifts of securities are to be sold upon receipt. Investment firms are used to sell securities received as contributions. Schedule M, Part I, Line 33 The College received support for various events and other miscellaneous non cash gifts totaling $5,001 that were not reported as revenue. Form 990, Part VI, Section B, Line 11b Form 990 was reviewed by the Audit Committee, a seven member committee of the Board of Trustees. A copy was made available to all remaining Trustees before filing with the IRS. Form 990, Part VI, Section B, Line 12c Officers, trustees and key employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Vice President for Administration and Finance and appropriate action is taken if necessary. The statements are maintained electronically on College premises. Form 990, Part VI, Section B, Line 15 The process for determining compensation for the President and Senior Officers of the College (includes the Vice Presidents of Administration & Finance, IT, Academic Affairs, Dean of Students, Admissions & Financial Aid, Advancement, Diversity, Equity & Inclusion, Communications & Marketing, Chief Investment Officer, and Executive Director of the President's Office) meets the three requirements of the rebuttable presumption provisions under Treas. Reg. 53.4958-6. An annual review of comparability data from a national survey and a survey of 25 comparable schools, as well as a review of the Form 990 of other organizations is used to inform decisions. This information is reviewed by the Executive Compensation Sub-committee of the Board, consisting of the Chair, the Vice Chair, and the Chairs of the Budget and Finance Committee and the Audit Committee, who make a recommendation to the Board for approval. The Committee members are independent of management and free of any conflicts that would impair their judgment. Finally the Executive Compensation Sub-committee adequately and timely documents its decisions regarding compensation. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are posted on our website at www.hamilton.edu. Form 990, Part XI, Line 9 Change in annuity and life income obligations. Hamilton Property Group LLC 198 College Hill Rd Clinton NY 13323 870835440 Rental NY 194387 730777 Trustees of Hamilton College Foundation Hamilton College Calle Castello Num 128 Piso BAJ Pta 1 Madrid SP 28006 Education of Spanish language and culture SP Hamilton College 1 Pooled Income Funds (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Annuity Trusts (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrusts (16) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrust (1) 43 Musket Trail Simsbury CT 06070 Trust CT N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 Foundation Hamilton College r 894368 The College transfers cash to its Foundation in Spain for the purpose of funding the study abroad program there. Charitable Remainder Unitrusts (16) s 1674364 A charitable remainder unitrust matured during the fiscal year and cash was transferred to the College per trust agreement.