2022-05-12T17:15:16-07:00 2021-06-30 990 2020-07-01 141338587 VASSAR COLLEGE VASS 8454377000 124 Raymond Ave Box 12 Poughkeepsie NY 12604 Angelique Crump Controller 8454375890 2022-05-12 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Elizabeth Howe Bradley 124 Raymond Avenue Box 1 Poughkeepsie NY 12604 518493838 0 X www.vassar.edu X 1861 NY The mission of Vassar College is to make accessible "the means of a thorough, well-proportioned and liberal education" that inspires each individual to lead a purposeful life. The College makes possible an education that promotes analytical, informed, and independent thinking and sound judgment; encourages articulate expression; and nurtures intellectual curiosity, creativity, respectful debate and engaged citizenship. Vassar supports a high standard of engagement in teaching and learning, scholarship and artistic endeavor; a broad and deep curriculum; and a residential campus that fosters a learning community. Founded in 1861 to provide women an education equal to that once available only to men, Vassar is now open to all and strives to pursue diversity, inclusion, and equity as essential components of a rich intellectual and cultural environment in which all members, including those from underrepresented and marginalized groups, are valued and empowered to thrive. 31 30 3322 3703 1303052 365741 39748818 43734745 177846880 177507735 39677356 92101491 2721224 1675224 259994278 315019195 71644010 66955701 0 0 123714818 130931848 118472 56673 10317651 81768288 86079598 277245588 284023820 -17251310 30995375 1663039023 1964941927 384293642 378007195 1278745381 1586934732 The mission of Vassar College is to make accessible "the means of a thorough, well-proportioned and liberal education" that inspires each individual to lead a purposeful life. The College makes possible an education that promotes analytical, informed, and independent thinking and sound judgment; encourages articulate expression; and nurtures intellectual curiosity, creativity, respectful debate and engaged citizenship. Vassar supports a high standard of engagement in teaching and learning, scholarship and artistic endeavor; a broad and deep curriculum; and a residential campus that fosters a learning community. Founded in 1861 to provide women an education equal to that once available only to men, Vassar is now open to all and strives to pursue diversity, inclusion, and equity as essential components of a rich intellectual and cultural environment in which all members, including those from underrepresented and marginalized groups, are valued and empowered to thrive. 0 0 143088009 66838164 145848235 Instruction - Vassar students choose among 30 departments, 4 interdepartmental programs, 13 multidisciplinary programs, 51 majors, and approximately 1,000 courses to chart a rigorous course of study that explores their most compelling interests. 27104317 0 0 Academic Services - Advising and support services to provide guidance to our students to help them accomplish their goals. The mission of the academic services division is to ensure and to strengthen their fulfilling experience as a Vassar student. 29740327 0 21769956 Student Services - As a residential college, Vassar is committed to providing support services to help students make the most of their time at Vassar. The Office of the Dean of the College oversees and coordinates services that directly impact the quality of student life, both academic and non-academic. 21048994 117537 10708184 Other program services include research expenditures, general program overhead costs, and auxiliary enterprise revenue and expenditures. 21048994 117537 10708184 220981647 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 X 3517 0 1 3322 1 1 1 1 EI FR IT SP 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO MA MI MN NH NV OH SC X X Angelique Crump Controller 8454375890 124 Raymond Ave Box 12 Poughkeepsie NY 12604 X Elizabeth Howe Bradley President and Trustee 40.00 X X 545652 0 145058 Timothy Kane VP for Alumnae Affairs and Dev 40.00 X 332614 0 109545 Bryan A Swarthout VP for Fin and Admin 40.00 X 277255 0 86956 William Hoynes Dean of Faculty 40.00 X 255903 0 67661 Carlos Leoncio Garcia VP for Tech and HR; Chief Information Officer 40.00 X 234850 0 58365 Jonathan Chenette Professor of Music 40.00 X 236909 0 55892 Marianne Begemann Dean of Str Plan and Acad Res 40.00 X 216696 0 70336 James H Merrell Professor of History 40.00 X 226345 0 54669 Paul A Ruud Professor of Economics 40.00 X 224311 0 42062 Robert DeMaria Professor of English 40.00 X 204580 0 54932 Carlos Alamo Dean of College 40.00 X 229450 0 28343 Amanita Duga-Carroll VP for Communications 40.00 X 205837 0 51529 Ruth E Spencer Director of Human Resources 40.00 X 213143 0 38930 Stephen Dahnert - Through 01 2020 VP for Fin and Admin 40.00 X 188217 0 51906 Sonya Smith Dean of Admissions and Student Fin Services 40.00 X 201531 0 36998 Angelique Crump Controller 40.00 X 150593 0 52233 Wesley Dixon Secretary of the Board 40.00 X 117812 0 21048 Eric Beringause Trustee and Committee Chair 4.00 X 0 0 0 Jason Blum Trustee 2.00 X 0 0 0 Beth Burnam Trustee 2.00 X 0 0 0 Camilla Campbell Trustee 2.00 X 0 0 0 Sharon Chang Trustee and Committee Chair 4.00 X 0 0 0 Winston Clement Trustee 2.00 X 0 0 0 Brian Farkas Trustee 2.00 X 0 0 0 Robyn Field Trustee 2.00 X 0 0 0 Anthony J Friscia Trustee and Board Chair 10.00 X 0 0 0 Jeffrey A Goldstein Trustee and Committee Chair 4.00 X 0 0 0 Lorna Bade Goodman Trustee and Committee Chair 4.00 X 0 0 0 Stephen Hankins Trustee 2.00 X 0 0 0 Seiji Hayashi Trustee 2.00 X 0 0 0 Maryellen Cattani Herringer Trustee and Committee Chair 4.00 X 0 0 0 Huang Hung Trustee 2.00 X 0 0 0 Leslie Jackson Chihuly Trustee 2.00 X 0 0 0 Philip Jefferson Trustee and Committee Chair 4.00 X 0 0 0 Geraldine Bond Laybourne Trustee and Committee Chair 4.00 X 0 0 0 John McCormick Trustee 2.00 X 0 0 0 Natalie Nixon Trustee 2.00 X 0 0 0 Mark Ordan Trustee and Committee Chair 4.00 X 0 0 0 Carol S Ostrow Trustee and Committee Chair 4.00 X 0 0 0 Cynthia Patton Trustee 2.00 X 0 0 0 Tamar Smith Pichette Trustee 2.00 X 0 0 0 Kathy Putnam Trustee 2.00 X 0 0 0 Alexandra Shiva Trustee 2.00 X 0 0 0 Padmini Somani Trustee 2.00 X 0 0 0 Robert Tanenbaum Trustee 2.00 X 0 0 0 Milbrey Rennie Taylor Trustee 2.00 X 0 0 0 Debra Beth Fagel Treyz Trustee 2.00 X 0 0 0 4061698 0 1026463 259 1 1 0 Compass Group USA PO Box 417632 Boston MA 02241 Food Service 4892162 Hall Capital Partners LLC One Maritime Plz 5th Fl Suite 500 San Francisco CA 94111 Investment Advisor 1603911 Baker Brothers Investments 860 Washington Street 3rd Floor New York NY 10014 Investment Manager 1557586 HCP China Capital Appreciation Fund LP Cephei 850 Third Avenue 19th Fl New York NY 10022 Investment Manager 1345925 Lone Savin 2 Greenwich Plaza Grennwich CT 06830 Investment Manager 974573 101 80685 0 0 0 4585849 39068211 6364681 43734745 Tuition and Fees 611310 145848235 145848235 0 0 Room and Board 611310 30509011 30509011 0 0 Other Program Revenue 611310 1150489 1150489 0 0 0 0 0 0 177507735 10143792 0 390009 9753783 0 0 0 0 0 0 0 0 1557842 0 820121 0 737721 0 737721 0 0 737721 283150833 963863 201289724 867273 81861109 96590 81957699 0 913043 81044656 0 0 0 0 0 0 0 0 0 0 0 0 587810 497525 90285 90285 0 0 Auxiliary Revenue 900099 728355 728355 0 0 Commission Revenue 900099 118863 0 0 118863 0 0 0 0 847218 315019195 178326375 1303052 91655023 117537 117537 66838164 66838164 0 0 0 0 3492323 2040766 881226 570331 0 0 0 0 89707512 71766009 13456127 4485376 6971634 5751598 871454 348582 24426271 20151673 3053284 1221314 6334108 5067287 950116 316705 0 0 0 0 620852 0 620852 0 265077 0 265077 0 0 0 0 0 56673 56673 18218496 0 18218496 0 4863848 2918309 243192 1702347 36438 26235 1822 8381 7931242 4815636 2782850 332756 3918385 3917612 648 125 14699 7071 7628 0 7732475 4794134 2861016 77325 925566 573851 101812 249903 0 0 0 0 682923 310443 261837 110643 11296057 8969695 2093726 232636 0 0 0 0 17949292 14228673 3348557 372062 1099487 234841 700243 164403 Food Service 6532369 4899277 1633092 0 Library Materials 2278142 2278142 0 0 Accretion 627377 500772 113932 12673 Memberships 383482 244138 117342 22002 703391 529784 140193 33414 284023820 220981647 52724522 10317651 12819582 30816978 69133148 80924848 13838558 13865648 369699 241863 2381161 2087082 914599 850431 7680960 4386356 885675172 427971429 463836370 457703743 268367717 301092779 815123177 1059479340 0 0 0 0 8574052 13492859 1663039023 1964941927 22501414 29778998 0 0 3870594 3025075 269929969 268605955 0 0 0 0 0 0 0 0 87991665 76597167 384293642 378007195 X 261041062 340134264 1017704319 1246800468 1278745381 1586934732 1663039023 1964941927 X 30995375 260221012 0 0 0 16972964 X 0 1 X 1 1 1 X 46665533 69404890 65871979 39748818 43734745 265425965 0 0 0 0 0 0 0 0 0 0 0 0 46665533 69404890 65871979 39748818 43734745 265425965 33977312 231448653 8225164 13415303 14226701 15423508 11701634 62992310 0 0 0 3163 365741 368904 227559 363978 302249 188517 118863 1201166 329988345 876452082 0.70138 0.6342 X Schedule A, Part II, Line 10 Other income includes miscellaneous revenue. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 0 Schedule C, Part II-B, Line 1 The College pays membership dues to several organizations which may engage in lobbying activities on behalf of their members. Expenses are not readily determinable, but are less than $5,000. X 1 1 0 0 0 1 0 12 0 1 853846 63985521 0 0 X X X X X Instruction 1 1097975650 13130757 326021010 2399959 55739312 0 1378988146 1117379506 16472009 20890765 17080515 39686115 0 1097975650 1082831323 22268477 67007926 15947787 38780433 0 1117379506 1002570163 53805270 79893167 15247251 38190026 0 1082831323 928816580 21058823 103319519 14723622 35901137 0 1002570163 0.1593 0.3167 0.524 1 0 539843 1586030 2125873 3904503 587485560 247440768 343949295 0 2776122 0 2776122 0 98226919 91356295 6870624 0 191156195 89174366 101981829 457703743 0 0 Hedge Funds 286927727 F Real Estate, Oil and Gas 76474697 F Marketable Real Estate 4334593 F Venture Capital 691742323 F 1059479340 0 Refundable Government Loan Funds 631570 Present Value of Beneficiary Payments 10935952 Deposits Held for Others 1495177 Finance Lease Liability 3823376 Accrued Pension Obligation 18144919 Asset Retirement Obligation 12650525 Accrued Post Retirement Obligation 28915648 76597167 X 493493415 260221012 0 0 497525 260718537 232774878 18218496 64025821 82244317 315019195 184593779 0 0 0 -17185724 -17185724 201779503 18218496 64025821 82244317 284023820 Schedule D, Part II, Line 9 The College's conservation easement has no attributed value and is not recorded in the financial statements. Schedule D, Part III, Line 4 The College's Frances Lehman Loeb Art Center maintains collections of paintings, sculptures, prints, photographs and ceramics for use by faculty and students as a complement to the curriculum in a variety of instructional disciplines. Schedule D, Part V, Line 4 The College's Endowment Funds are maintained according to donor restrictions and earnings are used to support scholarships and a variety of programs including instruction, research, and academic support. Schedule D, Part X, Line 2 The College generally does not provide for income taxes since it is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. U.S. GAAP permits an organization to recognize the benefit and requires accrual of an uncertain tax position only when the position is "more likely than not" to be sustained in the event of examination by tax authorities. Tax positions deemed to meet the "more likely than not" threshold are recorded as a tax expense in the current year. The College has analyzed all open tax years and believes it has no significant uncertain tax positions. Schedule D, Part XI, Line 2d Cost of Goods Sold - Computer Store and College Store $497,525 Schedule D, Part XI, Line 4b Scholarships $64,025,821 Schedule D, Part XII, Line 2d Cost of Goods Sold - Computer Store and College Store $497,525; Adjustment to Minimum Pension Liability ($12,500,081); Post Retirement Benefit Changes Other Than Net Periodic Costs ($5,183,168); Total ($17,185,724) Schedule D, Part XII, Line 4b Scholarships $64,025,821 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Vassar College publicizes its non-discriminatory policy via brochures mailed to all Vassar College potential students as well as on the College's website. Schedule E, Part I, Line 6 Vassar College participates in the U.S. Department of Education Title IV Aid Programs and regularly receives awards for research from several federal agencies. The College also receives funding from New York State's Bundy Program. In addition, the federal government provided higher education institutions with Higher Education Emergency Relief Funding ("HEERF") to include a student aid portion for the fiscal year ending June 30, 2021. Central America and the Caribbean 0 0 Investments Investments 394772492 Europe (including Iceland and Greenland) 0 0 Investments Investments 2507480 North America (including Canada and Mexico, but not the United States) 0 0 Investments Investments 1804785 0 0 399084757 1 0 1 1 1 1 Schedule F, Part IV, Line 1 The College invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company, or foreign partnership. Nevertheless, the College's activities may not reach thresholds required for filing Forms 926, 5471, 5713, 8621 or 8865. To the extent such a form was completed, it has been filed with the organization's form 990-T. X X X X X X 1 Reichenbach Consulting LLC 1 Tyler Road Ithaca NY 14850 Consulting 0 0 41763 -41763 Jacobson Consulting Applications Inc 575 Eighth Ave 12th Floor New York NY 10018 Consulting 0 0 10283 -10283 0 52046 -52046 AK AL AR AZ CO CT DC HI MA ME MI MN MS NC NH NJ NV NY OH OR PA SC UT VA WA Schedule G, Part I, Line 2a The professional fundraisers were engaged to provide fundraising consulting services to the College and were not engaged to collect contributions or run a campaign on behalf of the College. 1 Grace Smith House Inc PO Box 5205 Poughkeepsie NY 12602 141626657 501(C)(3) 5214 Grant to support the organization's mission Boys & Girls Club of Newburgh Inc 285 Liberty Street Newburgh NY 12550 141506144 501(C)(3) 7500 Grant to support organization's mission Family Services Inc 50 North Hamilton Street Poughkeepsie NY 12601 141338399 501(C)(3) 8000 Basic needs assistance Dutchess Outreach Inc 29 North Hamilton Street Suite 222 Poughkeepsie NY 12601 222339537 501(C)(3) 8214 Grant to support organization's mission 4 0 Fellowships with required periodic written reports of activities to the College. 73 1076304 Scholarships restricted to purposes related to enrollment in a program of study. 1404 65604502 Scholarships related to enrollment in nursery school and other aid. 175 157358 Schedule I, Part I, Line 2 Vassar College raises funds for, and makes contributions to, a wide variety of 501(C)(3) organizations in the greater Poughkeepsie area. These organizations are selected annually by a committee of employees and students after review of their activities and mission. Employees and students also volunteer time at each organization. Funds are collected annually from the gifts of employees, students, trustees and friends of Vassar as part of the "Community Works" campaign. Vassar also makes small contributions to other local non-profit and governmental entities who are not part of the campaign. Schedule I, Part III Students who are awarded scholarships have funds credited to their account and the use is restricted to purposes related to enrollment in a program of study. Recipients of fellowships are required to submit periodic written reports of their activities to the College. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Elizabeth Howe Bradley President and Trustee 541928 0 0 0 3724 0 34200 0 110858 0 690710 0 0 0 Timothy Kane VP for Alumnae Affairs and Dev 331426 0 0 0 1188 0 34200 0 75345 0 442159 0 0 0 Bryan A Swarthout VP for Fin and Admin 277075 0 0 0 180 0 54004 0 32952 0 364211 0 0 0 William Hoynes Dean of Faculty 255129 0 0 0 774 0 32175 0 35486 0 323564 0 0 0 Carlos Leoncio Garcia VP for Tech and HR; Chief Information Officer 234688 0 0 0 162 0 26813 0 31552 0 293215 0 0 0 Jonathan Chenette Professor of Music 234248 0 0 0 2661 0 29273 0 26618 0 292800 0 0 0 Marianne Begemann Dean of Str Plan and Acad Res 215058 0 0 0 1638 0 25954 0 44382 0 287032 0 0 0 James H Merrell Professor of History 224059 0 0 0 2286 0 28051 0 26618 0 281014 0 0 0 Paul A Ruud Professor of Economics 223123 0 0 0 1188 0 27386 0 14675 0 266372 0 0 0 Robert DeMaria Professor of English 203344 0 0 0 1236 0 25880 0 29052 0 259512 0 0 0 Carlos Alamo Dean of College 229270 0 0 0 180 0 27512 0 830 0 257792 0 0 0 Amanita Duga-Carroll VP for Communications 205063 0 0 0 774 0 24608 0 26921 0 257366 0 0 0 Ruth E Spencer Director of Human Resources 192030 0 0 0 21112 0 25632 0 13299 0 252073 0 0 0 Stephen Dahnert - Through 01 2020 VP for Fin and Admin 159636 0 0 0 28582 0 34823 0 17083 0 240124 0 0 0 Sonya Smith Dean of Admissions and Student Fin Services 201261 0 0 0 270 0 24420 0 12578 0 238529 0 0 0 Angelique Crump Controller 150460 0 0 0 133 0 19315 0 32917 0 202825 0 0 0 Schedule J, Part I, Line 1a On campus housing is provided for the President as a condition of employment and for the convenience of the College. In addition, housekeeping service is also provided for the President. The estimated value of this housing and housekeeping service is included in Part II, column D. Annual dues for clubs are paid by the College and provided to the President for the benefit of the College. Dues paid according to contract are treated as imputed income and are included in Part II, column B III. Schedule J, Part I, Line 3 Vassar participates in a third party data collection process with 20 peer colleges. We submit data annually to a professional compensation analyst, who summarizes the data as a range with quartiles. The information is provided to the Personnel and Compensation Committee of the Board of Trustees, who will use this information to determine raises for all Senior Officers and reports their findings through the President and the Vice President for Technology and Human Resources and Chief Information Officer. Committee records are maintained by the Secretary of the Board of Trustees for the permanent files of the Board. We believe our policy meets the requirements of the rebuttable presumption. A Dutchess County Local Development Corp 273106797 267045DC3 2013-06-06 87968505 CAPITAL IMPROVEMENTS 0 0 0 B Dutchess County Local Development Corp 273106797 267045JY9 2017-04-25 112120277 REFUND ISSUE DATED 04/18 0 0 0 C Dutchess County Local Development Corp 273106797 267045NG3 2020-04-02 74206511 SEE PART VI 0 0 0 A 0 0 88049975 0 2180072 0 663134 0 1976 84964879 239914 0 2016 0 0 1 1 B 1810000 0 112120277 0 0 0 1032568 0 0 0 111087709 0 2017 1 0 1 1 C 0 0 74211833 0 0 0 795654 0 0 6548160 50489502 16378517 1 0 0 1 A 0 0 1 1 1 1 0.00 0.0 0.00 0 0 1 B 0 0 1 1 1 1 0.001 0 0.001 0 0 1 C 0 0 1 1 1 1 0.001 0 0.001 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, Part I, Column f-04/02/2020 74,206,511 Dutchess County Local Development Corp THE PURPOSE OF THE ISSUE IS TO REFUND PRIOR ISSUE DATED: 04/29/2010 AND VARIOUS CAPITAL IMPROVEMENTS. Schedule K, Part II, Line 3-06/06/2013 87,968,505 Dutchess County Local Development Corp THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS. Schedule K, Part II, Line 3-04/02/2020 74,206,511 Dutchess County Local Development Corp THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS Schedule K, Part II, Line 11-06/06/2013 87,968,505 Dutchess County Local Development Corp THE OTHER SPENT ARE THE PROCEEDS USED TO PAY THE NEW YORK STATE ISSUER FEE Schedule K, Part II, Line 11-04/25/2017 112,120,277 Dutchess County Local Development Corp THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS THAT ARE NO LONGER IN ESCROW Schedule K, Part II, Line 11-04/02/2020 74,206,511 Dutchess County Local Development Corp THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS THAT ARE NO LONGER IN ESCROW Schedule K, Part IV, Line 2c-06/06/2013 87,968,505 Dutchess County Local Development Corp AN ARBITRAGE CALCULATION WAS COMPLETED on 06/06/2018 X 6 799385 Independent Appraisals X 37840 Independent Appraisals X 152 5510835 Fair Market Value X Musical - Various 3 16621 Independent Appraisals 10 0 1 1 Schedule M, Part I, Line 32b Gifts of securities are received by registered brokers and sold on behalf of Vassar College. Proceeds from sales are deposited into the College bank accounts. Form 990, Part I, Line 19 General Statement Regarding the COVID-19 Outbreak: In December 2019, an outbreak of a novel strain of Coronavirus ("COVID-19") emerged globally, and in March 2020 the World Health Organization declared the spread of COVID-19 a worldwide pandemic. As a result, the College's campus was closed in March 2020 and moved the remainder of the spring 2020 semester to virtual learning. Students received refunds and future statement credits for their unused housing, meal plans, and other mandatory fees through the end of the semester, resulting in lost revenue of $6,472,768, which would have been included in student tuition, fees, room and board, net on the statement of activities for the fiscal year ending June 30, 2020. The impact of the revenue loss was lessened by the expense reductions which included cancelled travel and events, lower utilities, and other operating expense constraints. During the fiscal years ended June 30, 2021 and 2020, the federal government provided higher education institutions with Higher Education Emergency Relief Funding ("HEERF"), which was allocated under various acts of Congress. The Coronavirus Aid, Relief, and Economic Securities Act ("CARES") was signed into law on March 27, 2020 and provided the College with funding under HEERF I. The Coronavirus Response and Relief Supplemental Appropriations Act ("CRRSAA") was signed into law on December 27, 2020 and provided the College with funding under HEERF II. The American Rescue Plan ("ARP") was signed into law on March 11, 2021 and provided the College with funding under HEERF III. Each of these awards has a student aid portion and an institutional portion. The Department of Education provided required uses of the funds for both the student portion and institutional portion and until the conditions associated with those requirements are satisfied, revenue cannot be recognized, in accordance with ASU 2018-08. The COVID-19 pandemic continues to have effects on higher education, global markets, supply chains, businesses, and communities. Specific to the College, COVID-19 has impacted various parts of its operations and financial results, including, but not limited to, declines in enrollment, loss of auxiliary revenues, additional bad debts, costs for increased use of technology and safety protocols, material supply shortages, or potential shortages of personnel. Management believes that the College is taking appropriate actions to mitigate the negative impact. Form 990, Part V, Line 1a The total number of 1098-T forms included on this line = 3,180. Form 990, Part VI, Section A, Line 7b Under a shared governance model, the Board delegates responsibility, with accountability, of certain matters, to the faculty, students, the alumnae and alumni of the College. Form 990, Part VI, Section B, Line 11b The Board of Trustees delegates the responsibility of oversight of the preparation of form 990 to the Audit Committee which reviews the entire form 990 as a draft prior to the completion of the review by the College's certified public accountant. The final version, excluding Schedule B, is provided to all members of the Board of Trustees prior to submission. Form 990, Part VI, Section B, Line 12c Vassar College issues conflict of interest questionnaires to officers, directors, trustees and other members of the faculty and administration with significant budgetary responsibilities. Once the completed forms are submitted to the Secretary of the Board and reviewed by the Vice President for Finance and Administration, the Chair of the Board, and the Chair of the Audit Committee, the College responds to any disclosures with appropriate action including requiring persons to recuse themselves from involvement with any decisions for which the relationship would represent an actual or potential conflict of interest. Form 990, Part VI, Section B, Line 15 Vassar participates in a third party data collection process with 20 peer colleges. We submit data annually to a professional compensation analyst, who summarizes the data as a range with quartiles. The information is provided to the Personnel and Compensation Committee of the Board of Trustees, who will use this information to determine raises for all Senior Officers and reports their findings through the President and the Vice President for Technology and Human Resources and Chief Information Officer. Committee records are maintained by the Secretary of the Board of Trustees for the permanent files of the Board. We believe our policy meets the requirements of the rebuttable presumption. Form 990, Part VI, Section C, Line 19 Vassar publishes its governing documents in print and online, the conflict of interest policy is published online, and annual audited financial statements are available online and in print form by request. Form 990, Part VII, Section A, Line 1a The officers noted on Part VII are the corporate officers of the College who manage the daily operations and do not include Board officers who oversee the affairs of the College. Form 990, Part XI, Line 9 Post Retirement Benefits Changes Other than Net Periodic Benefits Cost $5,183,168; Adjustment to Minimum Pension Liability $12,500,081; Cumulative Effect of Adoption of Accounting Standard ASU 2016-02:Leases ($710,285); Total Other Changes in Net Assets $16,972,964 College Properties LLC 124 Raymond Avenue Box 655 Poughkeepsie NY 12604 141817534 Realty Investment NY -318596 7310082 VASSAR COLLEGE POOLED INCOME FUNDS (3) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T CHARITABLE REMAINDER UNITRUSTS (12) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T CHARITABLE REMAINDER ANNUITY TRUST (2) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUNDS (3) s 721854 Fair Market Value CHARITABLE REMAINDER UNITRUSTS (12) s 494275 Fair Market Value