2025-05-14T11:17:50-05:00 2024-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2023-07-01 042103637 WELLESLEY COLLEGE WELL 7812831000 106 CENTRAL STREET WELLESLEY MA 024818203 PIPER ORTON VP FOR FIN. & ADMIN. & TREAS 7812831000 2025-05-12 1 0 KRISTIN ANDERSON P01231300 6179881000 2025-05-12 2023 2025-03-06 01:10:19Z PAULA A JOHNSON 106 CENTRAL STREET WELLESLEY MA 024818203 592734118 0 X WWW.WELLESLEY.EDU X 1870 MA TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. 33 32 2963 0 11087181 2678835 45718423 61979755 187033270 192485812 141015186 114526974 11802952 10074738 385569831 379067279 76983234 79019986 0 0 145369352 147977179 0 0 8230232 118378418 134703425 340731004 361700590 44838827 17366689 3757832303 3899240908 610133786 601833309 3147698517 3297407599 TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. 0 0 185106695 0 200092336 OUTSTANDING EDUCATION: WELLESLEY COLLEGE IS COMMITTED TO ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM IS BOTH INTELLECTUALLY AND CULTURALLY BROAD TO PREPARE OUR GRADUATES FOR THEIR LIVES AFTER COLLEGE. WELLESLEY OFFERS MORE THAN 50 DEPARTMENTAL AND INTERDEPARTMENTAL MAJORS TO APPROXIMATELY 2,300 STUDENTS. THE AVERAGE CLASS SIZE IS 17 TO 20 STUDENTS WITH A 7:1 STUDENT-FACULTY RATIO. 82131262 79019986 0 WELLELSEY COLLEGE HAS LONG TRADITION OF NEED-BLIND ADMISSION FOR U.S. CITIZENS AND PERMANENT RESIDENTS, MAKING ADMISSION DECISIONS WITHOUT REGARD TO A FAMILY'S FINANCIAL SITUATION. THROUGH ITS FINANCIAL AID PROGRAM, THE COLLEGE MEETS 100 PERCENT OF A STUDENT'S DEMONSTRATED FINANCIAL NEED. RESOURCES DEDICATED TO THE FINANCIAL AID PROGRAM ENSURE THAT WELLESLEY IS SUCCESSFUL IN RECRUITING AND ENROLLING A STRONG AND DIVERSE STUDENT BODY WITH CONTINUED ATTENTION TO ISSUES OF FINANCING AND AFFORDABILITY. APPROXIMATELY 60% OF THE STUDENT BODY RECEIVES FINANCIAL AID AND WELLESLEY IS WIDELY RECOGNIZED AS ONE OF THE TOP 10 COLLEGES IN THE COUNTRY FOR STUDENTS GRADUATING WITH THE LEAST AMOUNT OF DEBT. 10669227 0 384753 SPONSORED RESEARCH: WELLESLEY PRIDES ITSELF ON ITS COMMITMENT TO SUPPORTING THE TEACHER-SCHOLAR IDEAL, ENABLING OUR GIFTED FACULTY MEMBERS TO INTEGRATE THEIR LOVE OF TEACHING AND WORKING CLOSELY WITH STUDENTS WITH THEIR PURSUIT OF THE ADVANCEMENT OF KNOWLEDGE THROUGH THEIR WORLD-CLASS RESEARCH. 277907184 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 533 0 1 2963 1 1 1 1 FR 0 0 0 0 0 0 0 0 1 1 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X X PIPER ORTON 7812831000 106 CENTRAL STREET WELLESLEY MA 02481 PAULA A JOHNSON PRESIDENT 60.00 X X 770895 0 157945 DEBORA DE HOYOS CHAIR 12.00 X 0 0 0 CHRISTOPHER T PASKO VICE CHAIR 10.00 X 0 0 0 TODD ABBRECHT TRUSTEE 2.00 X 0 0 0 MARTHA GOLDBERG ARONSON TRUSTEE 2.00 X 0 0 0 DOLORES L ARREDONDO TRUSTEE 2.00 X 0 0 0 BRIAN C BRODERICK TRUSTEE 2.00 X 0 0 0 LAURA WOOD CANTOPHER TRUSTEE 2.00 X 0 0 0 ANNE SHEN CHAO TRUSTEE 2.00 X 0 0 0 ELYSE CHERRY TRUSTEE 2.00 X 0 0 0 CALLIE CROSSLEY TRUSTEE 2.00 X 0 0 0 OPHELIA DAHL TRUSTEE 2.00 X 0 0 0 ELIZABETH DESMOND TRUSTEE 2.00 X 0 0 0 SUZANNE FREY TRUSTEE 2.00 X 0 0 0 BETH C FRIEDMAN TRUSTEE 2.00 X 0 0 0 SARAH JANE GUNTER TRUSTEE 2.00 X 0 0 0 CHERYL HAYWOOD TRUSTEE 2.00 X 0 0 0 MAIA HEYMANN TRUSTEE 2.00 X 0 0 0 DOUGLAS W HOLLETT TRUSTEE 2.00 X 0 0 0 SANDRA HORBACH TRUSTEE 2.00 X 0 0 0 JULIE H JONES TRUSTEE 2.00 X 0 0 0 VIVIAN KAO TRUSTEE 2.00 X 0 0 0 SUSAN SALTZBART KILSBY TRUSTEE 2.00 X 0 0 0 PATRICK LEE TRUSTEE 2.00 X 0 0 0 SUSAN KOENIGSBERG LUCAS TRUSTEE 2.00 X 0 0 0 ELIZABETH F MCCORMACK TRUSTEE 2.00 X 0 0 0 TATIANA IVY MOISE TRUSTEE 2.00 X 0 0 0 PAULINA PONCE DE LEON BARIDO TRUSTEE 2.00 X 0 0 0 SOPHIA SHAW TRUSTEE 2.00 X 0 0 0 JENNIFER M SMITH TRUSTEE 2.00 X 0 0 0 GRACE Y TOH TRUSTEE 2.00 X 0 0 0 MARY ANN WAI SHENG TSAO TRUSTEE 2.00 X 0 0 0 PETER TUFANO TRUSTEE 2.00 X 0 0 0 DEBORAH F KUENSTNER CHIEF INVESTMENT OFFICER 60.00 X 1266732 0 66234 PIPER ORTON VP FOR FIN. & ADMIN. & TREAS. 60.00 X 444647 0 48611 ANDREW SHENNAN PROVOST AND DEAN OF COLLEGE 60.00 X 388244 0 58806 CRYSTAL DAUGHERTY - VP FOR DEVELOPMENT & PUB AFF (AS OF 4/23) 60.00 X 278622 0 730 SHEILAH HORTON DEAN OF STUDENTS 60.00 X 311570 0 124221 MEGAN NUNEZ DEAN OF FACULTY AFFAIRS 60.00 X 252506 0 51579 MICHAEL JEFFRIES DEAN OF ACADEMIC AFF. 60.00 X 242687 0 49153 THERESA PEACHES VALDES DEAN OF ADMISSION & STU. FIN. SVCS 60.00 X 267176 0 19882 ROSE C CARPENTER DEPUTY CIO 60.00 X 987484 0 64120 RAY OQUENDO CHIEF OPERATING OFFICER 60.00 X 922211 0 65441 MATTHEW VEILLEUX INVESTMENT DIRECTOR 60.00 X 484317 0 36474 KAREN PETRULAKIS GENERAL COUNSEL 60.00 X 447662 0 65235 DAVE CHAKRABORTY ASST VP FACILITIES MGMT 60.00 X 302559 0 32937 ANN VELENCHIK FORMER DEAN OF ACADEMIC AFF. 60.00 X 211867 0 47039 7579179 0 888407 362 1 1 0 DELLBROOK CONSTRUCTION LLC ONE ADAMS PLACE 859 WILLARD STREET QUINCY MA 02169 CONSTRUCTION 17601567 WALSH BROTHERS INCORPORATED 210 COMMERCIAL STREET BOSTON MA 02109 CONSTRUCTION 15695402 TURNER CONSTRUCTION COMPANY 2 SEAPORT LANE - 2ND FLOOR BOSTON MA 02210 CONSTRUCTION 12209579 ELAINE CONSTRUCTION COMPANY 90 WELLS AVE NEWTON MA 02459 CONSTRUCTION 11931569 SUFFOLK CONSTRUCTION COMPANY INC 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION 6841793 151 6216461 55763294 3890509 61979755 STUDENT TUITION AND FEES 900099 148100746 148100746 STUDENT ROOM AND BOARD 900099 42575352 42575352 WELLESLEY CENTERS FOR WOMEN 900099 1424961 1424961 SPONSORED RESEARCH 900099 384753 384753 192485812 28380813 8514942 19865871 299813000 213666839 86146161 86146161 488778 85657383 AUXILIARY ENTERPRISES 900099 4078825 4078825 NEHOIDEN GOLF CLUB 713990 2083461 2083461 3912452 3912452 10074738 379067279 200477089 11087181 105523254 71908202 71908202 7111784 7111784 5331958 1528319 3441719 361920 223738 223738 104550607 77636388 22330260 4583959 10623103 8572807 1722422 327874 19297915 14542433 4282459 473023 7949858 5698869 1968798 282191 6987720 159712 6821451 6557 1154287 53407 1100880 845527 845527 7136966 7010529 126437 17223039 4362074 12343975 516990 5811388 3910715 1804867 95806 4873145 4519670 261262 92213 1000 1000 4632138 410800 4220491 847 7101008 4681879 1923952 495177 95706 37263 39245 19198 16147785 16147785 29940876 26347971 2994087 598818 3531330 3531330 BANK FEES 8226001 8225328 673 STUDY AWAY EXPENSES 7394465 7394465 EQUIPMENT RENTAL 1711921 369905 1327139 14877 PRINTING & MAILING 402842 156264 48583 197995 11486281 3364547 7959620 162114 361700590 277907184 75563174 8230232 31171037 188050712 121900238 33169957 42487705 743064 1381256 300000 300000 5432719 4793383 666196 594645 5507745 6900375 1074270286 440970000 572538863 633300286 1088705000 1128244000 1862718047 1928167983 3757832303 3899240908 113797443 80183401 1122958 707830 13325224 13810547 222529584 219338854 230979561 229797742 28379016 57994935 610133786 601833309 X 957066000 1015050000 2190632517 2282357599 3147698517 3297407599 3757832303 3899240908 X 17366689 122405491 9936902 X 0 1 X 1 1 1 X 86543194 68183815 60807794 45718423 61979755 323232981 86543194 68183815 60807794 45718423 61979755 323232981 14874834 308358147 19899290 9992901 14893756 24476756 19865871 89128574 2678853 2678853 9372721 5575733 9371692 9734250 7991277 42045673 457086081 879312636 0.67460 0.64660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: AUXILIARY ENTERPRISES - 2019 AMOUNT: $ 4,970,992. 2020 AMOUNT: $ 3,078,229. 2021 AMOUNT: $ 2,641,956. 2022 AMOUNT: $ 3,739,264. 2023 AMOUNT: $ 4,078,825. OTHER REVENUE - 2019 AMOUNT: $ 4,166,182. 2020 AMOUNT: $ 2,493,246. 2021 AMOUNT: $ 6,729,736. 2022 AMOUNT: $ 5,994,986. 2023 AMOUNT: $ 3,912,452. WELLESLEY COLLEGE CLUB - 2019 AMOUNT: $ 235,547. 2020 AMOUNT: $ 4,258. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2888869551 17816296 207245641 60470205 62237334 2991223949 2846864931 43749570 108025943 53816843 55954050 2888869551 3236785461 23310440 -306875113 48331934 58023923 2846864931 2285397056 21401639 1026472781 44409376 52076639 3236785461 2173415000 28649118 176478722 48838336 44307448 2285397056 0.29280 0.70720 0.00000 0 0 36581539 36581539 942463226 412537289 529925937 18296560 11499244 6797316 76928961 16933467 59995494 633300286 PRIVATE EQUITY 1060887000 F REAL ASSETS 173739000 F ABSOLUTE RETURN 617154000 F MISCELLANEOUS OTHER 76387983 F 1928167983 GOVERNMENT LOAN ADVANCES -495084 ANNUITIES & UNITRUSTS PAYABLE 33283374 ENVIRONMENTAL OBLIGATION 25206645 57994935 X 416241901 122405491 9936902 132342393 283899508 16147785 79019986 95167771 379067279 266532819 0 266532819 16147785 79019986 95167771 361700590 PART III, LINE 1A: FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS ON ITS BALANCE SHEET. THIS TREATMENT IS PERMITTED UNDER SFAS 116. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING WORKS OF ART, HISTORICAL TREASURE, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. PART III, LINE 4: DESCRIPTION OF ORGANIZATION'S COLLECTION THE DAVIS MUSEUM AND CULTURAL CENTER HAS A PERMANENT COLLECTION OF APPROXIMATELY 17,000 OBJECTS DATING FROM ANCIENT TIMES TO PRESENT DAY. INCLUDED ARE PAINTINGS, SCULPTURES, DECORATIVE OBJECTS, AND WORKS ON PAPER REPRESENTING CULTURES AROUND THE WORLD. THE COLLECTION OF THE MUSEUM SERVES AS A VALUED TEACHING RESOURCE FOR STUDENTS AND FACULTY IN MULTIPLE DISCIPLINES. PROFESSORS FREQUENTLY ASSIGN STUDENTS TO SEE AND WRITE ABOUT PIECES BEING SHOWN IN THE MUSEUM; THE MUSEUM ALSO MAKES AVAILABLE WORKS FROM THE PERMANENT COLLECTION TO CLASSES MEETING IN THE MUSEUM. FUNDAMENTAL TO THE SPIRIT OF THESE EXERCISES IS THE STUDENTS' ENCOUNTERS WITH ORIGINAL WORKS OF ART. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE WELLESLEY COLLEGE ENDOWMENT PROVIDES CRITICAL FUNDING THAT SUPPORTS FINANCIAL AID AND FACULTY SALARIES, MAINTAINS AND EXPANDS FACILITIES, AND UNDERWRITES NEW INITIATIVES AND PROGRAMS. THE ENDOWMENT HAS GROWN TO PROVIDE APPROXIMATELY 40% OF OPERATING REVENUE. WELLESLEY COLLEGE'S STRONG AND PRUDENT FINANCIAL MANAGEMENT ENSURES THE PURCHASING POWER OF THE ENDOWMENT FOR GENERATIONS TO COME. THE TOP USES OF THE ENDOWMENT FOR FY2024 WERE FINANCIAL AID AND FACULTY SALARIES. PART X, LINE 2: THE COLLEGE HAS NO MATERIAL UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP 2,320,528. PERIODIC RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 7,616,374. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXCLUDING PELL GRANTS 79,019,986. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXCLUDING PELL GRANTS 79,019,986. PART V, LINE 2 WELLESLEY COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2024 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF SCHEDULE D, LINE 2, WELLESLEY COLLEGE HAS REPORTED ENDOWMENT FUNDS WITHOUT DONOR RESTRICTIONS AS BOARD DESIGNATED OR QUASI-ENDOWMENT AND ENDOWMENT FUNDS WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT, RESPECTIVELY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL COLLEGE PUBLICATIONS, INCLUDING RECRUITMENT BROCHURES AND CATALOGS, COURSE DESCRIPTION DOCUMENTS, THE COLLEGE'S WEBSITE, AND FACULTY AND STUDENT HANDBOOKS, ETC. OUTLINE THE INSTITUTION'S NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 WELLESLEY COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK-STUDY PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 188335 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 241165 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 0 PROGRAM SERVICES STUDY AWAY PROGRAM 5449111 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 23198 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 55563 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 72338 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 19950 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 15605 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 226657 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 747549 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 696437 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 358323 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 708422 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 1012903 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 755351 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 1786183 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS FINANCIAL AID 819959 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNSHIPS 31600 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNSHIPS 6250 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNSHIPS 125708 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES INTERNSHIPS 285360 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INTERNSHIPS 17250 RUSSIA AND THE NEWLY INDEPENDENT STATES PROGRAM SERVICES INTERNSHIPS 8000 SOUTH AMERICA PROGRAM SERVICES INTERNSHIPS 23300 SOUTH ASIA PROGRAM SERVICES INTERNSHIPS 23850 SUB-SAHARAN AFRICA PROGRAM SERVICES INTERNSHIPS 40350 NORTH AMERICA INVESTMENTS 27390789 EAST ASIA AND THE PACIFIC INVESTMENTS 173487719 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 302487926 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 101949444 1 0 0 0 1 0 6065265 612989330 619054595 FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 3 226657 CR. TO ACCT. FINANCIAL AID EAST ASIA AND THE PACIFIC 17 747549 CR. TO ACCT. FINANCIAL AID EUROPE 9 696437 CR. TO ACCT. FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 4 358323 CR. TO ACCT. FINANCIAL AID RUSSIA AND NEIGHBORING STATES 8 708422 CR. TO ACCT. FINANCIAL AID SOUTH AMERICA 11 1012903 CR. TO ACCT. FINANCIAL AID SOUTH ASIA 9 755351 CR. TO ACCT. FINANCIAL AID SUB-SAHARAN AFRICA 20 1786183 CR. TO ACCT. FINANCIAL AID NORTH AMERICA 10 819959 CR. TO ACCT. 1 0 1 1 1 1 PART I, LINE 2: MONITORING USE OF FUNDS: THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. FINANCIAL AID PAYMENTS IN CONNECTION WITH A STUDY ABROAD PROGRAM ARE MADE WHILE THE STUDENT IS LIVING OUTSIDE THE UNITED STATES. 1 FINANCIAL AID 1240 71908202 PART I, LINE 2: MONITORING USE OF FUNDS THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. X X X 1 1 X X X X X 0 0 0 0 0 1 0 1 0 DEBORAH F KUENSTNER CHIEF INVESTMENT OFFICER 721169 0 539467 0 6096 0 34650 0 31584 0 1332966 0 0 0 ROSE C CARPENTER DEPUTY CIO 547619 0 439385 0 480 0 34650 0 29470 0 1051604 0 0 0 RAY OQUENDO CHIEF OPERATING OFFICER 491951 0 427092 0 3168 0 34650 0 30791 0 987652 0 0 0 PAULA A JOHNSON PRESIDENT 741193 0 0 0 29702 0 34650 0 123295 0 928840 0 0 0 MATTHEW VEILLEUX INVESTMENT DIRECTOR 298788 0 184222 0 1307 0 28580 0 7894 0 520791 0 0 0 KAREN PETRULAKIS GENERAL COUNSEL 389623 0 15000 0 43039 0 34650 0 30585 0 512897 0 0 0 PIPER ORTON VP FOR FIN. & ADMIN. & TREAS. 431249 0 7500 0 5898 0 34650 0 13961 0 493258 0 0 0 ANDREW SHENNAN PROVOST AND DEAN OF COLLEGE 355753 0 30000 0 2491 0 34220 0 24586 0 447050 0 0 0 SHEILAH HORTON DEAN OF STUDENTS 292094 0 17500 0 1976 0 33125 0 91096 0 435791 0 0 0 DAVE CHAKRABORTY ASST VP FACILITIES MGMT 279733 0 20000 0 2826 0 31546 0 1391 0 335496 0 0 0 MEGAN NUNEZ DEAN OF FACULTY AFFAIRS 252131 0 0 0 375 0 27350 0 24229 0 304085 0 0 0 MICHAEL JEFFRIES DEAN OF ACADEMIC AFF. 242446 0 0 0 241 0 24948 0 24205 0 291840 0 0 0 THERESA PEACHES VALDES DEAN OF ADMISSION & STU. FIN. SVCS 266779 0 0 0 397 0 9302 0 10580 0 287058 0 0 0 CRYSTAL DAUGHERTY - VP FOR DEVELOPMENT & PUB AFF (AS OF 4/23) 247500 0 30000 0 1122 0 0 0 730 0 279352 0 0 0 ANN VELENCHIK FORMER DEAN OF ACADEMIC AFF. 210651 0 0 0 1216 0 22995 0 24044 0 258906 0 0 0 PART I, LINE 1A BENEFITS PROVIDED: WELLESLEY COLLEGE'S POLICY IS THAT THE COLLEGE WILL NOT PAY FOR OR REIMBURSE TRAVEL, MEALS, AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE WITH THE EXCEPTION OF THE PRESIDENT. SPECIFICALLY, WHILE PERFORMING HER OFFICIAL DUTIES IN THE AREA OF DEVELOPMENT, ALUMNAE RELATIONS, AND OTHER BUSINESS OF THE COLLEGE, THE PRESIDENT MAY BE ACCOMPANIED BY HER SPOUSE, WHO IS EXPECTED TO MAKE AN IMPORTANT CONTRIBUTION TO ACHIEVING THE PURPOSES OF THE TRAVEL OR EVENTS. IN THOSE CASES, THE COLLEGE'S POLICY IS TO AUTHORIZE THE PAYMENT OF ALL TRAVEL AND RELATED EXPENSES OF THE PRESIDENT'S SPOUSE, WHICH IS TREATED AS NONTAXABLE COMPENSATION. THE COLLEGE PROVIDES HOUSING TO CERTAIN EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE AND BENEFIT OF THE COLLEGE. THE PRESIDENT, VICE PRESIDENT AND DEAN OF STUDENTS EACH RECEIVE HOUSING. THE AMOUNT OF THIS HOUSING IS TREATED AS NONTAXABLE COMPENSATION UNDER IRC SECTION 119. THE COLLEGE WILL NOT PAY FOR PERSONAL SERVICES WITH THE EXCEPTION OF THE PRESIDENT'S HOUSE. SINCE THE PRESIDENT'S HOUSE IS USED EXTENSIVELY FOR COLLEGE BUSINESS, HOUSEKEEPING SERVICES ARE PROVIDED FOR THE GENERAL SPACE. A CHEF PROVIDES MEALS AT THE PRESIDENT'S HOUSE FOR BUSINESS PURPOSE FUNCTIONS. PERSONAL SERVICES PROVIDED TO EMPLOYEES ARE APPROPRIATELY REPORTED AS TAXABLE COMPENSATION. PART I, LINE 6 PAYMENTS CONTINGENT OF NET EARNINGS EMPLOYEES IN THE INVESTMENT OFFICE HAVE AN INCENTIVE PERFORMANCE-RELATED BONUS SYSTEM BASED ON THE INVESTMENT PERFORMANCE OF THE WELLESLEY COLLEGE ENDOWMENT. TOTAL COMPENSATION IS REVIEWED IN COMPARISON TO MARKET DATA PROVIDED BY INDEPENDENT THIRD PARTIES. PART I, LINE 7 NONFIXED PAYMENTS EMPLOYEES OTHER THAN INVESTMENT OFFICE EMPLOYEES ARE ABLE TO RECEIVE MERIT-BASED BONUS COMPENSATION. A MHEFA 2008 SERIES I 042103637 57586CP25 2008-01-28 57385000 CONSTRUCTION - REFINANCING 1999 0 0 0 B MHEFA 2018 SERIES L 042103637 57584YES4 2018-03-01 105663450 CONSTRUCTION - REFINANCING 1999 0 0 0 C MHEFA 2022 SERIES M 042103637 57584Y2L2 2022-04-01 50862192 CONSTRUCTION - REFINANCING 2012 0 0 0 A 57385000 530057 25447000 31407943 2010 0 1 1 1 B 9310000 96500000 832680 90842320 4825000 2020 1 0 1 1 C 44960000 491488 44468512 2022 1 0 1 1 A 0 0 1 1 1 1 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 JP MORGAN 31.440000000000 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART II, LINE 3: COLUMN B MHEFA 2008 SERIES L THE PROCEEDS OF THE BONDS WERE USED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE SERIES E BONDS. PRINCIPAL AMOUNT OF THE BONDS $ 96,500,000 NET ORIGINAL ISSUE PREMIUM $ 9,163,450 TOTAL $105,663,450 COLUMN C MHEFA 2018 SERIES M THE PROCEEDS OF THE BONDS WERE USED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE SERIES J BONDS. PRINCIPAL AMOUNT OF THE BONDS $ 44,960,000 NET ORIGINAL ISSUE PREMIUM $ 5,902,192 TOTAL $ 50,682,192 SCHEDULE K, PART III, LINES 3C AND 3D: COLUMN A - MHEFA 2008 SERIES I THERE ARE RESEARCH AGREEMENTS THAT INVOLVE THE USE OF BOND FINANCED SPACE WHICH THE COLLEGE ROUTINELY ENGAGES BOND COUNSEL TO REVIEW WHETHER ANY RESEARCH AGREEMENTS RESULT IN PRIVATE BUSINESS USE. BASED ON REVIEW, NO KNOWN PRIVATE BUSINESS USE IS EVIDENT. SCHEDULE K, PART III, LINE 9: UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2, WELLESLEY COLLEGE HAS ESTABLISHED WRITTEN PROCEDURES AS OF OCTOBER 3, 2014. SCHEDULE K, PART IV, LINE 2: COLUMN A - MHEFA 2008 SERIES I THE MHEFA 2008 SERIES I BOND ISSUE REBATE CALCULATION WAS PERFORMED FEBRUARY 3, 2023. COLUMN B - MDFA 2018 SERIES L THE FIRST REBATE CALCULATION FOR THE MDFA SERIES L BOND WAS PERFORMED AUGUST 2, 2022. COLUMN B - MDFA 2022 SERIES M THE MDFA SERIES M BOND WAS ISSUED IN FEBRUARY 2022. THE REBATE IS NOT DUE YET. ANDREW SHENNAN OFFICER MORTGAGE X 300000 300000 0 1 1 300000 X 35 0 FMV/$0 FOR TRACKING X 0 FMV/$0 FOR TRACKING X 149 3890509 SELLING PRICE/FMV X SCHOLARS' ROCKS 11 0 FMV/$0 FOR TRACKING 2 0 1 0 PART I, COLUMN (B): WELLESLEY COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). SCHEDULE M, PART I, LINE 33: ACCOUNTING FOR WORKS OF ART WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS IN ITS BALANCE SHEET. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW: THE FORM 990 WAS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE COLLEGE'S FINANCE OFFICE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE FORM 990 AND ALL REQUIRED SCHEDULES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 AND ALL REQUIRED SCHEDULES WERE ALSO DISTRIBUTED TO THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990 PROVIDED TO GOVERNING BODY: THE FORM 990 PROVIDED TO THE FULL BOARD OF TRUSTEES IS A COMPLETE COPY WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. BECAUSE OF THE PRIVATE AND CONFIDENTIAL NATURE OF THIS INFORMATION, THE COLLEGE HAS CHOSEN NOT TO DISCLOSE THE IDENTITIES AND ADDRESSES OF ITS DONORS. AS SUCH, THE COLLEGE IS REQUIRED TO ANSWER THE QUESTION ON LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES A COMPLETE COPY OF THE FORM 990 EXCEPT FOR DONOR NAMES AND ADDRESSES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY: CONFLICT OF INTEREST POLICIES ARE IN PLACE FOR TRUSTEES, OFFICERS, EXTERNAL INVESTMENT COMMITTEE MEMBERS, AND ALL EMPLOYEES. TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE - AT LEAST AS OFTEN AS ANNUALLY AND WHENEVER A POTENTIAL CONFLICT ISSUE ARISES - FINANCIAL OR PERSONAL INTERESTS WHICH MAY GIVE RISE TO CONFLICTS. THE CLERK OF THE BOARD OF TRUSTEES PROVIDES AN ANNUAL REPORT TO THE TRUSTEES SUMMARIZING THE CONFLICT OR POTENTIAL CONFLICTS ISSUES. AT LEAST ANNUALLY, THE TRUSTEES REVIEW THE COLLEGE'S RELATIONSHIPS WITH SIGNIFICANT VENDORS OR SERVICE PROVIDERS SERVING THE COLLEGE TO ASSURE THAT SUCH RELATIONSHIPS ARE IN THE BEST INTEREST OF THE COLLEGE AND ARE OTHERWISE CONSISTENT WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL: THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE IS DETERMINED BY THE TALENT AND COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE TALENT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES INDEPENDENT EXTERNAL CONSULTANTS TO ASSIST WITH BOTH THE REVIEW OF COMPENSATION GUIDELINES AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6, INCLUDING CONTEMPERANEOUS DOCUMENTATION OF COMPENSATION DECISIONS. KEY EMPLOYEES ARE COMPENSATED BASED UPON THE GUIDELINES THE COLLEGE HAS FOR ADMINISTRATIVE AND FACULTY EMPLOYEES. THESE GUIDELINES INCLUDE REVIEW OF THE MARKET BY LOOKING AT SALARIES FOR COMPARABLE POSITIONS AS WELL AS A MERIT PROGRAM BASED ON PERFORMANCE. COMPENSATION DECISIONS ARE MADE BY PERSONS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP 2,320,528. PERIODIC RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 7,616,374. WELLESLEY COLLEGE FOUNDATION UK LIMITED 19 NORCOTT ROAD LONDON UK N16 7EJ 981196154 COLLEGE FUNDRAISING UK 142720 2534 WELLESLEY COLLEGE WELLESLEY-IN-AIX 25 RUE GASTON DE SAPORTA AIXENPROVENCE FR 13100 999999999 EDUCATION FR 501(C)(3) LINE 2 WELLESLEY 1 POOLED INCOME FUNDS (5) INVESTMENT MA T 1 CHARITABLE REMAINDER TRUSTS (2) INVESTMENT MA T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUNDS (5) S 466144 ACCRUAL CHARITABLE REMAINDER TRUSTS (2) S 773135 ACCRUAL