2023-05-13T15:05:13-05:00 2022-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2021-07-01 042103638 WHEATON COLLEGE WHEA 5082868200 26 EAST MAIN STREET NORTON MA 02766 ROGER STACKPOOLE VICE PRESIDENT FINANCE & ADMIN. 5082868200 2023-05-13 1 ROGER STACKPOOLE XXX-XX-XXXX LYNNE JOHNSON P00757336 2123721000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X ROGER STACKPOOLE 26 EAST MAIN STREET NORTON MA 02766 240926924 0 X HTTPS://WHEATONCOLLEGE.EDU X 1834 MA WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD. 35 35 1474 670 565049 500889 28370267 35952466 108602639 117639364 10842019 24949355 985857 1694759 148800782 180235944 60602685 66823665 0 0 42868978 42663761 0 0 3272937 39524127 41028529 142995790 150515955 5804992 29719989 459069163 437299904 109504450 101469240 349564713 335830664 WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD. 0 0 137825106 66823665 118650898 TO PROVIDE A TRANSFORMATIVE LIBERAL ARTS EDUCATION FOR INTELLECTUALLY CURIOUS STUDENTS IN A COLLABORATIVE, ACADEMICALLY VIBRANT RESIDENTIAL COMMUNITY THAT VALUES A DIVERSE WORLD. 137825106 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 210 0 1 1474 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA NY X SARAH LANGIS 5082868200 26 EAST MAIN STREET NORTON MA 02766 DENNIS M HANNO PRESIDENT EX OFFICIO TRUSTEE (UNTIL 12/31/2021) 40.00 0.00 X X 391623 0 161636 KENNETH BABBY TRUSTEE 2.00 0.00 X 0 0 0 ANSON M BEARD JR TRUSTEE 2.00 0.00 X 0 0 0 PRISCILLA CAREY TRUSTEE 2.00 0.00 X 0 0 0 NANCY CARLSON TRUSTEE 2.00 0.00 X 0 0 0 MARYANN E CARROLL TRUSTEE 2.00 0.00 X 0 0 0 RAJESH CHATURVEDI TRUSTEE 2.00 0.00 X 0 0 0 SUE CURRAN TRUSTEE 2.00 0.00 X 0 0 0 KYMBERLEE DWINELL TRUSTEE 2.00 0.00 X 0 0 0 HENRIETTA GATES TRUSTEE 2.00 0.00 X 0 0 0 MATTHEW GOLD TRUSTEE 2.00 0.00 X 0 0 0 CECILIA GREENE TRUSTEE 2.00 0.00 X 0 0 0 INDIRA HENARD TRUSTEE 2.00 0.00 X 0 0 0 PATRICIA KING TRUSTEE 2.00 0.00 X 0 0 0 TONY LAING TRUSTEE 2.00 0.00 X 0 0 0 PAULA LALIBERTE TRUSTEE 2.00 0.00 X 0 0 0 KEVIN LAM TRUSTEE 2.00 0.00 X 0 0 0 RYAN O LETADA TRUSTEE 2.00 0.00 X 0 0 0 ANDREW LOUNDER TRUSTEE 2.00 0.00 X 0 0 0 ADRIENNE B MARS TRUSTEE 2.00 0.00 X 0 0 0 LISA MILLER TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER B PAQUET TRUSTEE 2.00 0.00 X 0 0 0 KEITH J PEDEN TRUSTEE 2.00 0.00 X 0 0 0 KAREN L PFEIL TRUSTEE 2.00 0.00 X 0 0 0 LEONARD A SCHLESINGER TRUSTEE (UNTIL 12/31/21) 2.00 0.00 X 0 0 0 KATHYRN SCHNEIDER EX OFFICIO TRUSTEE, PRESIDENT OF ALUMNI BOARD 2.00 0.00 X 0 0 0 AUSTIN SIMKO TRUSTEE 2.00 0.00 X 0 0 0 BRIAN R SMILEY TRUSTEE 2.00 0.00 X 0 0 0 DIANA D SPENCER TRUSTEE 2.00 0.00 X 0 0 0 JOHN C TALANIAN TRUSTEE 2.00 0.00 X 0 0 0 ERIC C TOMASINI TRUSTEE 2.00 0.00 X 0 0 0 CORNELIA C WAREHAM TRUSTEE 2.00 0.00 X 0 0 0 BENJAMIN C WHITE TRUSTEE 2.00 0.00 X 0 0 0 ELENA WONG TRUSTEE 2.00 0.00 X 0 0 0 MICHAELA WHELAN PRESIDENT EX OFFICIO TRUSTEE (FROM 1/1/22) 40.00 0.00 X X 0 0 0 JANET L LEBOVITZ TRUSTEE, BOARD CHAIR 2.00 0.00 X X 0 0 0 KIRK KOLENBRANDER TRUSTEE, BOARD VICE CHAIR 2.00 0.00 X X 0 0 0 MEGHAN KASS VP FOR FINANCE & ADMIN./BOARD TREAS. (UNTIL 7/2/21) 40.00 0.00 X 143355 0 16763 PHILIP SHAPIRO INTERIM VP FIN & ADMIN./BOARD TREAS. (UNTIL 5/31/22) 40.00 0.00 X 154332 0 36 WALTER CAFFEY VP ENROLLMENT DEAN ADMISSION & STUDENT AID 40.00 0.00 X 233117 0 40646 MERRITT CROWLEY VP FOR COLLEGE ADVANCEMENT 40.00 0.00 X 207095 0 19704 GENE BEGIN VP FOR MARKETING & COMMUNICATIONS 40.00 0.00 X 174766 0 34282 RENEE WHITE PROVOST (UNTIL 8/2/21) 40.00 0.00 X 174292 0 18745 TOUBA GHADESSI INTERIM PROVOST VP OF ACADEMIC AFFAIRS 40.00 0.00 X 153643 0 28913 DARNELL PARKER VP FOR STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 0.00 X 97409 0 10665 PAMELA VAZ BOARD SECRETARY 40.00 0.00 X 63342 0 21559 ROGER STACKPOOLE VP FOR FIN ADMIN./BOARD TREASURER (FROM 5/1/22) 40.00 0.00 X 0 0 0 JOHN SULLIVAN ASSISTANT VP OF BUSINESS SERVICES & PHYSICAL PLANT 40.00 0.00 X 170345 0 9229 OMAIRA ROY ASSOCIATE VP OF HUMAN RESOURCES 40.00 0.00 X 164653 0 9842 JEFFREY CUTTING ASSOCIATE VP OF ENROLLMENT 40.00 0.00 X 160855 0 33454 GAVIN VIANO ASSOCIATE VP FOR ATHLETICS & STRATEGIC PROGRAMS 40.00 0.00 X 151411 0 6237 IMRAN CHOWDHURY DIANA DAVIS SPENCER CHAIR OF SOCIAL ENTREPRENEURSHIP 40.00 0.00 X 150308 0 19558 ZACHARY IRISH ASSOC VP FOR STUDENT AFFAIRS/FORMER DEAN OF STUD. 40.00 0.00 X 143260 0 39494 2733806 0 470763 50 1 1 0 COMMODORE BUILDERS 404 WYMAN STREET SUITE 400 WALTHAM MA 02451 CONSTRUCTION SERVICES 19708212 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 DINING SERVICES 5450065 SECURITAS SECURITY SERVICES USA INC 225 WATER STREET ST B110 PLYMOUTH MA 02360 SECURITY CONTRACTING 910346 CRYAN LANDSCAPING CONTRACTORS INC 41 WALTON STREET ATTLEBORO MA 02703 LANDSCAPING SERVICES 796531 MILLER DYER SPEARS INC 99 CHAUNCEY STREET BOSTON MA 02111 ARCHITECT SERVICES 739053 24 30845 20646051 15275570 1242782 35952466 TUITION AND FEES 611310 96052246 96052246 ROOM AND BOARD 611310 21378033 21378033 EDUCATION DEPARTMENT S 611310 209085 209085 117639364 3480450 299627 3180823 10169 10169 401229 96892 304337 304337 304337 81288750 732639 60559295 3358 20729455 729281 21458736 21458736 27660 30845 31435 -3775 -3775 CONFERENCE AND EVENTS 451211 634223 368801 265422 AUXILIARY FEES 611310 116066 6400 109666 643908 643908 1394197 180235944 118658473 565049 25059956 65406712 65406712 1416953 1416953 2692694 998868 1195683 498143 31210339 26675659 2945320 1589360 1977637 1655893 218609 103135 4399488 3652467 494492 252529 2383603 1954555 286032 143016 357803 357803 156089 156089 3275231 2820070 455161 11246024 10328952 666912 250160 713273 684393 26032 2848 836402 465015 312091 59296 2375679 1284366 942700 148613 2911968 2782358 129610 772994 754200 12117 6677 120713 105855 11795 3063 2870768 2870768 8583382 8094624 450084 38674 669641 669641 GLOBAL PROGRAMMING 1476267 1476267 0 0 EVENTS, ENTERTAINMENT, 1447051 1047174 316614 83263 REPAIRS AND MAINTENANCE 1098982 868724 182939 47319 LIBRARY AND SUBSCRIPTIO 775794 766757 4634 4403 1340468 1044835 253195 42438 150515955 137825106 9417912 3272937 2783390 6069961 23014147 14072713 8477044 13738262 567791 941411 1431730 1156503 1129027 1676720 274824762 136958059 120490931 137866703 159449674 131715526 114020612 115821054 0 0 27704817 14241051 459069163 437299904 9497942 9477174 1376507 87712951 86350601 12293557 4264958 109504450 101469240 X 95998634 100855697 253566079 234974967 349564713 335830664 459069163 437299904 29719989 -43454038 0 X 0 1 X 1 1 1 X 11789837 9297630 16742945 28370266 35952466 102153144 11789837 9297630 16742945 28370266 35952466 102153144 10706476 91446668 3318780 4762904 4492081 2845277 3592221 19011263 1367314 195206 501952 2064472 -357310 776435 689487 78397 137326 1324335 124553214 563368651 0.73420 0.66350 X SCHEDULE A, PART I, LINE 7 THE BASIS OF WHEATON COLLEGE'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATIONS AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART 1 AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. SCHEDULE A, PART I, LINE 10 THE AMOUNT ON LINE 10 INCLUDES FUNDRAISING INCOME AND AUXILIARY FEES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 17092 17092 0 PART II-B, LINE 1: THE AMOUNT ON LINE 1I REFLECTS MEMBERSHIP DUES PAID TO MEMBER ORGANIZATIONS, INCLUDING NACUBO AND AICUM, WHICH MAY ENGAGE IN LOBBYING ACTIVITIES IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTED TO LOBBYING ACTIVITIES. THE COLLEGE DOES NOT DIRECTLY PARTICIPATE IN THESE LOBBYING ACTIVITIES. 808281 0 0 X X 0 266877707 8003560 -18699979 4752319 6689460 3275231 241464278 210646508 8605089 66034098 5523061 7278463 5606464 266877707 212982445 5127436 6340842 4289797 6416640 3097778 210646508 211880928 3395287 12418742 4075466 6409631 4227415 212982445 205048131 5015691 16477071 3919482 6393304 4374179 211853928 0.17000 0.81000 0.02000 0 0 3030698 3030698 210298122 112894755 97403367 15831980 12732379 3099601 45663962 11330925 34333037 137866703 HEDGED EQUITY - DEVELOPING AND EMERGING 56279942 F PRIVATE EQUITY 35038295 F OPPORTUNISTIC CREDIT 5471738 F REAL PROPERTIES AND COMMODITIES 13849202 F DOMESTIC AND INTERNATIONAL EQUITY 2043530 F FIXED INCOME 2326374 F OTHER 811973 F 115821054 ANNUITY AND LIFE INCOME OBLIGATIONS 1305781 GOVERNMENT ADVANCES FOR STUDENT LOANS 1006554 ASSET RETIREMENT OBLIGATIONS 1952623 4264958 X 68805379 -43454038 -64701296 -108155334 176960713 3275231 3275231 180235944 82539428 128327 128327 82411101 3275231 64829623 68104854 150515955 PART III, LINE 4: THE COLLEGE'S COLLECTION ITEMS INCLUDE RARE BOOKS, HISTORICAL ARTIFACTS AND ART WORK THAT ARE USED FOR SCHOLARLY RESEARCH, PUBLIC EXHIBITIONS, AND TO DOCUMENT THE HISTORY OF THE COLLEGE. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS PROVIDE INCOME AND SUPPORT FOR THE FURTHERANCE OF THE EDUCATIONAL MISSION OF THE COLLEGE IN ACCORDANCE WITH THE DONORS' INTENTIONS. THE MAJORITY OF THE DONOR RESTRICTED ENDOWMENT IS HELD FOR SCHOLARSHIP, TEACHING, AND PROGRAM EXPENSES. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. SCHEDULE D, PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANTS PROVIDED TO STUDENTS OF $64,829,623 IS PRESENTED AS A CONTRA-REVENUE ITEM IN THE AUDITED FINANCIAL STATEMENTS AND AS AN EXPENSE ITEM IN THE FORM 990. FUNDRAISING EVENT EXPENSES OF $31,435 AND RENTAL EXPENSES OF $96,892 ARE SHOWN AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS AND AS A CONTRA-REVENUE ITEM ON THE FORM 990. SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES OF $31,435 AND RENTAL EXPENSES OF $96,892 ARE SHOWN AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS AND AS A CONTRA-REVENUE ITEM ON THE FORM 990. SCHEDULE D, PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANTS PROVIDED TO STUDENTS OF $64,829,623 IS PRESENTED AS A CONTRA-REVENUE ITEM IN THE AUDITED FINANCIAL STATEMENTS AND AS AN EXPENSE ITEM IN THE FORM 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WHEATON COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM THE NORTHEAST REGION OF THE UNITED STATES, AS WELL AS FROM MANY OTHER U.S. STATES AND TERRITORIES AND MORE THAN 40 FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE COLLEGE'S WEBSITE INCLUDES A SECTION DEDICATED TO THE COLLEGE'S DIVERSITY AND INCLUSION STRATEGIC PLAN, VISION, AND MISSION STATEMENT. SCHEDULE E, PART I, LINE 2: WHEATON COLLEGE IS COMMITTED TO THE PRINCIPLES OF EQUAL OPPORTUNITY AS DEFINED UNDER FEDERAL AND STATE LAW. THE COLLEGE'S NOTICE OF NONDISCRIMINATION IS AVAILABLE ON ITS WEBSITE AT HTTPS://WHEATONCOLLEGE.EDU/POLICIES/EQOPP/ AND REFERENCED ON ITS ADMISSION WEBPAGES. SCHEDULE E, PART I, LINE 6: STUDENTS RECEIVE FINANCIAL AID FROM STATE AND FEDERAL AGENCIES BASED ON PREDETERMINED FINANCIAL AND SCHOLASTIC GUIDELINES CONSISTENT WITH THE COLLEGE'S EDUCATIONAL MISSION. DURING FY22, THE COLLEGE RECEIVED HEERF FUNDING OF WHICH A PORTION BENEFITED STUDENTS AND A PORTION SUPPORTED INSTITUTIONAL EXPENSES INCURRED DUE TO COVID-19. IN APRIL 2020, THE COLLEGE WAS GRANTED A PPP LOAN UNDER THE CARES ACT. UNDER THE TERMS OF THE PPP, THE LOAN AND ITS ASSOCIATED INTEREST WAS FORGIVABLE IF IT IS USED FOR QUALIFYING EXPENSES AS DESCRIBED IN THE CARES ACT. THE UNFORGIVEN PORTION OF THE LOAN WOULD BE PAYABLE OVER TWO YEARS WITH A DEFERRAL OF PAYMENTS FOR THE FIRST SIX MONTHS. THE COLLEGE USED THE PROCEEDS FROM THE LOAN FOR QUALIFYING EXPENSES. IN AUGUST 2021, THE COLLEGE RECEIVED NOTIFICATION FROM THE SMALL BUSINESS ADMINISTRATION (SBA) THAT THE LOAN OF $6,500,042 AND ACCRUED INTEREST OF $83,598 HAD BEEN FORGIVEN IN FULL, AND IS REPORTED AS FORGIVENESS OF INDEBTEDNESS ON THE STATEMENTS OF ACTIVITIES. IN DECEMBER 2020, THE CONSOLIDATED APPROPRIATIONS ACT (CAA) REMOVED THIS RESTRICTION AND ALLOWED ORGANIZATIONS THAT QUALIFY TO RETROACTIVELY APPLY FOR THE ERTC SO LONG AS THE SAME WAGES WERE NOT USED FOR BOTH PPP FORGIVENESS AND ERTC. THE COLLEGE IS ELIGIBLE FOR AND HAS MET ALL THE CONDITIONS TO QUALIFY FOR AN ERTC OF $10,107,287, WHICH WAS RECOGNIZED IN GOVERNMENT GRANTS AND CONTRACTS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. AT JUNE 30, 2022, $6,863,793 RELATED TO THE ERTC WAS IN INCLUDED IN ACCOUNTS RECEIVABLE AND OTHER ASSETS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 78083084 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 46500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 40550 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 17319 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INSTRUCTION 1276 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 74903 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 7148911 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 918142 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FACULTY RESEARCH 218 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 1266700 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 15000 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY RESEARCH 1804 SOUTH AMERICA 0 0 GRANTMAKING 28850 SOUTH ASIA 0 0 PROGRAM SERVICES ADMISSIONS 14170 SOUTH ASIA 0 0 PROGRAM SERVICES INSTRUCTION 2510 0 0 0 0 0 0 86330685 1329252 87659937 SCHOLARSHIPS TO STUDENTS CENTRAL AMERICA AND THE CARIBBEAN 2 0 46500 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS EAST ASIA AND THE PACIFIC 2 0 74903 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS EUROPE (INCLUDING ICELAND & GREENLAND) 59 1266700 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS SOUTH AMERICA 1 28850 TUITION OFFSET FMV 1 0 1 1 0 0 PART I, LINE 2: THE COLLEGE IS COMMITTED TO MAKING STUDY ABROAD PROGRAMS AVAILABLE TO AS WIDE A RANGE OF STUDENTS AS POSSIBLE. AS A RESULT, THE NUMBER OF WHEATON STUDENTS WHO STUDY ABROAD IS CONSISTENTLY HIGH. STUDENTS GENERALLY PAY THE COLLEGE ITS TUITION WITH OFFSETTING SCHOLARSHIPS PROVIDED IN ACCORDANCE WITH STANDARD COLLEGE FINANCIAL AID POLICIES AND PROCEDURES. THE COLLEGE PAYS THE FOREIGN SCHOOL'S TUITION TO PROVIDE INSTRUCTION. PART I, LINE 3: THE STUDY ABROAD PROGRAMS ARE SEPARATELY TRACKED IN THE COLLEGE'S GENERAL LEDGER SYSTEM BY ACTIVITY AND THE AMOUNTS REPRESENT TUITION PAYMENTS FOR STUDENTS AND FACULTY LIAISONS REFLECTED IN COLUMN (F). THE ADMISSIONS RECRUITING, FUNDRAISING AND FACULTY RESEARCH AMOUNTS ARE TRACKED PRIMARILY USING THE COLLEGE'S CREDIT CARD SYSTEM AND REPRESENT TRAVEL, MEALS AND LODGING COSTS FOR COLLEGE EMPLOYEES CONDUCTING BUSINESS IN THESE REGIONS. ALL EXPENSES ARE UNDER THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: GOLF TOURNAMENT 58505 30845 27660 31102 333 58505 30845 27660 31102 333 31435 -3775 1 SCHOLARSHIPS TO STUDENTS 1700 63361751 REDUCTION OF STUDENT BALANCE FOR TUITION OWED TO THE COLLEGE FELLOWSHIP-STIPEND 98 294000 STIPEND 1301 1750961 PART I, LINE 2: THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES IS RESPONSIBLE FOR AWARDING AND MONITORING ALL GRANTS, LOANS, AND WORK ASSISTANCE. MORE THAN 75% OF WHEATON'S STUDENTS RECEIVE SOME FORM OF FINANCIAL AID AND ALL STUDENTS WHO DEMONSTRATE NEED RECEIVE AID. FINANCIAL ASSISTANCE AT WHEATON IS AWARDED ON THE BASIS OF DEMONSTRATED NEED AND ACADEMIC PERFORMANCE. "NEED" IS DETERMINED BY THE FINANCIAL INFORMATION THAT A STUDENT (AND THEIR PARENT, IF APPLICABLE) PROVIDES ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND WHEATON INSTITUTIONAL AID APPLICATION. THESE FORMS CAPTURE THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON FEDERAL AND/OR STATE REGULATIONS AND INSTITUTIONAL FUND ELIGIBILITY GUIDELINES. A NEED-BASED PACKAGE MAY INCLUDE A MERIT SCHOLARSHIP, GRANTS, LOANS, AND WORK AWARD. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM FINANCIAL AID MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL GRANT FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH BUDGETED AMOUNTS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DENNIS M HANNO PRESIDENT EX OFFICIO TRUSTEE (UNTIL 12/31/2021) 364454 0 7200 0 19969 0 100160 0 61476 0 553259 0 0 0 WALTER CAFFEY VP ENROLLMENT DEAN ADMISSION & STUDENT AID 222116 0 9560 0 1441 0 9295 0 31351 0 273763 0 0 0 MERRITT CROWLEY VP FOR COLLEGE ADVANCEMENT 197527 0 8791 0 777 0 8095 0 11609 0 226799 0 0 0 GENE BEGIN VP FOR MARKETING & COMMUNICATIONS 171213 0 3397 0 156 0 7298 0 26984 0 209048 0 0 0 JEFFREY CUTTING ASSOCIATE VP OF ENROLLMENT 157344 0 3300 0 211 0 6683 0 26771 0 194309 0 0 0 RENEE WHITE PROVOST (UNTIL 8/2/21) 169173 0 4575 0 544 0 4434 0 14311 0 193037 0 0 0 ZACHARY IRISH ASSOC VP FOR STUDENT AFFAIRS/FORMER DEAN OF STUD. 130219 0 12945 0 96 0 5459 0 34035 0 182754 0 0 0 TOUBA GHADESSI INTERIM PROVOST VP OF ACADEMIC AFFAIRS 151336 0 2113 0 194 0 6834 0 22079 0 182556 0 0 0 JOHN SULLIVAN ASSISTANT VP OF BUSINESS SERVICES & PHYSICAL PLANT 166417 0 3319 0 609 0 6720 0 2509 0 179574 0 0 0 OMAIRA ROY ASSOCIATE VP OF HUMAN RESOURCES 156217 0 8137 0 299 0 6351 0 3491 0 174495 0 0 0 IMRAN CHOWDHURY DIANA DAVIS SPENCER CHAIR OF SOCIAL ENTREPRENEUR 147193 0 2992 0 123 0 6096 0 13462 0 169866 0 0 0 MEGHAN KASS VP FOR FINANCE & ADMIN./BOARD TREAS. (UNTIL 7/2/21) 128881 0 14324 0 150 0 3243 0 13520 0 160118 0 0 0 GAVIN VIANO ASSOCIATE VP FOR ATHLETICS & STRATEGIC PROGRAMS 148364 0 2928 0 119 0 5954 0 283 0 157648 0 0 0 PHILIP SHAPIRO INTERIM VP FIN & ADMIN./BOARD TREAS. (UNTIL 5/31/22 153689 0 0 0 643 0 0 0 36 0 154368 0 0 0 PART I, LINE 1A A DISCRETIONARY FUND WAS ESTABLISHED BY THE TRUSTEES UPON PRESIDENT WHELAN'S HIRE. SOLICITATION OF THE TRUSTEES FOR CONTRIBUTIONS TO THIS FUND OCCURRED DURING FALL OF 2021 AND THE CONTRIBUTIONS WERE MADE BY THE TRUSTEES THROUGH THE OFFICE OF ADVANCEMENT AT A TIME DETERMINED BY THE TRUSTEE. THIS DISCRETIONARY FUND HAS NOT BEEN ACCESSED AND WILL BE USED FOR STRATEGIC INITIATIVES IN FY2024. THIS FUND WILL NOT BE USED FOR PERSONAL EXPENSES. THE PRESIDENT (DENNIS HANNO), THE PROVOST (RENEE WHITE), AND THE FORMER VICE PRESIDENT FOR STUDENT AFFAIRS AND DEAN OF STUDENTS (ZACHARY IRISH) ARE PROVIDED WITH HOUSING, INCLUDING MAINTENANCE OF SUCH SPACE, FOR THE CONVENIENCE OF THE EMPLOYER ON THE COLLEGE'S PREMISES. SHOULD MAINTENANCE OCCUR WITHIN THE PERSONAL SPACE, THE VALUE IS TAXED ACCORDINGLY. THE VALUE OF THE PERSONAL SPACE WITHIN THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 3 THE WHEATON COLLEGE EXECUTIVE COMMITTEE, AN INDEPENDENT BOARD, ESTABLISHES COMPENSATION TO ENSURE THAT THE INTERNAL REVENUE CODE PROVISION OF "REBUTTABLE PRESUMPTION OF REASONABLENESS" IS MET AND "INTERMEDIATE SANCTIONS" ARE NOT INCURRED. THE EXECUTIVE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA REGARDING COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION. APPROPRIATE DATA INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE INDIVIDUAL. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS INCLUDING: THE TERMS OF THE APPROVED TRANSACTION AND DATE APPROVED; THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT DURING THE DISCUSSION; AND THE DATA OBTAINED AND RELIED UPON. PART I, LINE 7 DURING FISCAL YEAR 2022 (CALENDAR YEAR 2021), ALL EMPLOYEES RECEIVED A ONE TIME PAYMENT EQUIVALENT TO TO TWO PERCENT OF THEIR SALARY. IN ADDITION, SOME EMPLOYEES RECEIVED DISCRETIONARY BONUSES FOR ADDITIONAL ROLES PERFORMED DURING THE COVID PANDEMIC. ALL BONUSES WERE APPROVED BY THE PRESIDENT AND/OR THE EXECUTIVE COMMITTEE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584X5L1 2017-12-21 64601213 (SEE CONTINUATION FOR SCHEDULE K, PART I) 1 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YK32 2021-03-18 16058372 RENOVATION OF ACADEMIC BUILDING 0 0 0 A 16800000 10000000 64601213 2398062 435910 30115713 31651528 2020 1 1 1 1 B 16058372 862981 162183 3072952 11960256 0 0 0 1 A 0 0 0 0 0.00000 0.01000 0.01000 0 0 1 B 0 0 0 0 0.00000 0.01200 0.01200 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 I REFUNDING OF 2010 SERIES F & 2014 SERIES G-2 BONDS & CONSTRUCTION OF RESIDENCE HALL. SCHEDULE K, PART IV, LINE 2C - COLUMN (A) THE COMPUTATIONS WERE PERFORMED FOR THE JUNE 30, 2022 COMPUTATION DATE. SCHEDULE K, PART IV, LINE 2C - COLUMN (B) THE COMPUTATIONS WERE PERFORMED FOR THE JUNE 30, 2022 COMPUTATION DATE. X 101 1242782 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. FORM 990, PART V, LINE 2A THE TOTAL NUMBER OF EMPLOYEES INCLUDES FACULTY AND STAFF OF 643 AND STUDENT EMPLOYEES OF 831. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM APPOINTED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IT IS PREPARED WITH INFORMATION PROVIDED BY THE FINANCE OFFICE OF THE COLLEGE AND REVIEWED BY THE CONTROLLER AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE FIRST DRAFT (EXCLUDING SCHEDULE B) IS REVIEWED BY THE AUDIT COMMITTEE AND ANY CHANGES ARE INCORPORATED INTO THE FINAL DRAFT. THE FINAL DRAFT (EXCLUDING SCHEDULE B) IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES VIA THEIR SECURE WEBSITE FOR FINAL REVIEW PRIOR TO SUBMISSION TO THE IRS. SCHEDULE B IS REVIEWED BY THE CHAIR OF THE BOARD, CHAIR OF THE AUDIT COMMITTEE, AND CHAIR OF THE PHILANTHROPY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS OF THE COLLEGE ARE COVERED IN THE WHEATON COLLEGE CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS. THE POLICY AND CONFLICT OF INTEREST DISCLOSURE STATEMENT IS SENT TO ALL OFFICERS AND TRUSTEES ON AN ANNUAL BASIS. THE COMPLETED FORMS ARE REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND THE PRESIDENT TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. OFFICERS AND TRUSTEES ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON ANY MATTERS WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS COMPOSED OF INDEPENDENT MEMBERS AND ESTABLISHES COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS TO ENSURE THAT THE INTERNAL REVENUE CODE PROVISION FOR "REBUTTABLE PRESUMPTION OF REASONABLENESS" IS MET AND "INTERMEDIATE SANCTIONS" ARE NOT INCURRED. THE EXECUTIVE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA REGARDING COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION. APPROPRIATE DATA INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE INDIVIDUAL. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS INCLUDING: THE TERMS OF THE APPROVED TRANSACTION AND DATE APPROVED, THE MEMBERS OF THE COMMITTEE PRESENT DURING THE DISCUSSIONS, AND THE DATA OBTAINED AND RELIED UPON. FORM 990, PART VI, SECTION C, LINE 19 THE EMPLOYEE CONFLICT OF INTEREST POLICY IS CONTAINED IN THE STAFF HANDBOOK, WHICH IS POSTED TO THE COLLEGE'S HUMAN RESOURCES WEBPAGE AND AVAILABLE TO THE PUBLIC. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE POSTED TO THE COLLEGE'S FINANCE WEBSITE, WHICH IS AVAILABLE TO THE PUBLIC. IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIALS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE GOVERNING DOCUMENTS AND THE TRUSTEE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. POOLED INCOME FUND POOL INCOME FUND MA WHEATON COLLEGE 1 PERPETUAL TRUST PERPETUAL TRUST MA WHEATON COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1