2022-05-15T09:05:13-05:00 2021-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2020-07-01 010215213 BOWDOIN COLLEGE BOWD 2077215078 5400 COLLEGE STATION BRUNSWICK ME 040118445 REBECCA COREY CONTROLLER 2077215078 2022-05-13 1 REBECCA COREY XXX-XX-XXXX TARA D'AGOSTINO P01245482 6179881000 2022-05-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CLAYTON ROSE 5400 COLLEGE STATION BRUNSWICK ME 040118445 796391000 0 X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O 45 43 2636 1423 2370000 0 71378000 38857000 126288000 111894000 126844000 207621000 457000 685000 324967000 359057000 48470000 47396000 0 0 114616000 114195000 172000 15000 6231000 70272000 78735000 233530000 240341000 91437000 118716000 2358149000 3297186000 376613000 378841000 1981536000 2918345000 X *SEE SCHEDULE O* 0 0 188091000 47396000 112577000 DURING FY 2021, BOWDOIN ENROLLED 1,754 FULL-TIME EQUIVALENT STUDENTS, NOT INCLUDING 11 STUDENTS STUDYING AWAY; 93% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 8:1; 100% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2021, 41,915 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 33,486 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 188091000 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 1 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 426 0 1 2636 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 1 1 X 45 43 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X REBECCA COREY 2077215078 5400 COLLEGE STATION BRUNSWICK ME 040118445 ROBERT F WHITE CHAIR 8.00 X X 0 0 0 PAULA M WARDYNSKI VICE CHAIR 8.00 X X 0 0 0 CLAYTON ROSE PRESIDENT 40.00 X X 312048 0 71678 JENNIFER GOLDSMITH ADAMS TRUSTEE 4.00 X 0 0 0 JOSEPH ADU TRUSTEE 4.00 X 0 0 0 TEJUS AJMERA TRUSTEE 4.00 X 0 0 0 WILLIAM S ANDERSON TRUSTEE 4.00 X 0 0 0 SYDNEY ASBURY TRUSTEE 4.00 X 0 0 0 KATIE R BENNER TRUSTEE 4.00 X 0 0 0 PETER J BERNARD TRUSTEE 4.00 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.00 X 0 0 0 RONALD C BRADY TRUSTEE 4.00 X 0 0 0 DAVID G BROWN TRUSTEE 4.00 X 0 0 0 ELLEN L P CHAN TRUSTEE 4.00 X 0 0 0 LEONARD W COTTON TRUSTEE 4.00 X 0 0 0 RUSSELL C CRANDALL TRUSTEE 4.00 X 0 0 0 MICHELE G CYR TRUSTEE 4.00 X 0 0 0 JEFF D EMERSON TRUSTEE 4.00 X 0 0 0 JOHN F FISH TRUSTEE 4.00 X 0 0 0 ROBERT T FRIEDMAN TRUSTEE 4.00 X 0 0 0 BERTRAND GARCIA-MORENO TRUSTEE 4.00 X 0 0 0 STEPHEN F GORMLEY TRUSTEE 4.00 X 0 0 0 SHELLEY A HEARNE TRUSTEE 4.00 X 0 0 0 BRADFORD A HUNTER TRUSTEE 4.00 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.00 X 0 0 0 ANN HAMBELTON KENYON TRUSTEE 4.00 X 0 0 0 GEORGE A KHALDUN TRUSTEE 4.00 X 0 0 0 HOLLY E MALONEY TRUSTEE 4.00 X 0 0 0 JOSEPH V MCDEVITT JR TRUSTEE 4.00 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.00 X 0 0 0 DAVID A MORALES TRUSTEE 4.00 X 0 0 0 SCOTT B PERPER TRUSTEE 4.00 X 0 0 0 JANE L PINCHIN TRUSTEE 4.00 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.00 X 0 0 0 ALISON E RUNDLETT TRUSTEE 4.00 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.00 X 0 0 0 PHILIP W SCHILLER TRUSTEE 4.00 X 0 0 0 ANDREW E SERWER TRUSTEE 4.00 X 0 0 0 DIANA L SPAGNUOLO TRUSTEE 4.00 X 0 0 0 JAMES E STALEY TRUSTEE 4.00 X 0 0 0 R STEWART STRAWBRIDGE TRUSTEE 4.00 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.00 X 0 0 0 KAREN N WALKER TRUSTEE 4.00 X 0 0 0 DAVID P WHEELER TRUSTEE 4.00 X 0 0 0 MITCHELL S ZUKLIE TRUSTEE 4.00 X 0 0 0 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 40.00 X 342638 0 50732 PAULA VOLENT SVP/CHIEF INVESTMENT OFFICER 40.00 X 4169769 0 63926 SCOTT MEIKLEJOHN SVP FOR DVT & ALUMNI RELATIONS 40.00 X 362027 0 48090 ELIZABETH MCCORMACK SVP/DEAN FOR ACADEMIC AFFAIRS 40.00 X 312779 0 48426 JENNIFER SCANLON SVP/DEAN FOR ACADEMIC AFFAIRS 40.00 X 263176 0 73772 MICHAEL CATO SVP/CHIEF INFORMATION OFFICER 40.00 X 260820 0 60746 E WHITNEY SOULE SVP/DEAN ADMISSIONS & ST. AID 40.00 X 252759 0 57357 JANET LOHMANN SVP/DEAN FOR STUDENT AFFAIRS 40.00 X 242081 0 62459 MICHAEL REED SVP FOR INCLUSION & DIVERSITY 40.00 X 252262 0 46476 SCOTT HOOD SVP FOR COMM & PUBLIC AFFAIRS 40.00 X 236007 0 42882 ELIZABETH ORLIC SVP/SPECIAL ASST TO THE PRES 40.00 X 220565 0 48504 NILES BRYANT DIRECTOR OF INVESTMENTS 40.00 X 1144524 0 17864 CHRIS PICCIONE ENDOWMENT CHIEF OPS OFFICER 40.00 X 617749 0 45493 MICHAEL ARCHIBALD VP FOR DVT & ALUMNI RELATNS 40.00 X 275364 0 57888 TAMA SPOERRI VP FOR HUMAN RESOURCES 40.00 X 220768 0 64002 PATSY DICKINSON FACULTY 40.00 X 235045 0 41513 9720381 0 901808 211 0 1 0 WRIGHT-RYAN CONSTRUCTION INC 10 DANFORTH STREET PORTLAND ME 04101 CONST. SERVICES 8642074 JF SCOTT CONSTRUCTION 20 ROYAL STREET WINTHROP ME 04364 CONST. SERVICES 4168570 BROAD INSTITUTE 415 MAIN STREET CAMBRIDGE MA 02142 COVID TESTING 2744500 HGA SDS 12-1861 PO BOX 86 MINNEAPOLIS MN 55486 ARCHITECT/ENGINEER 1132430 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 75395 SOFTWARE MAINT 906393 57 4824000 34033000 3566000 38857000 TUITION AND FEES 611710 98342000 98342000 ROOM AND BOARD 611710 11241000 11241000 AUXILIARY ENTERPRISES 611710 1836000 1666000 170000 ALL OTHER PROGRAM SERV 611710 290000 290000 APPLICATION FEES 611710 185000 185000 111894000 10460000 -2748000 13208000 2000 2000 56000 15000 41000 41000 41000 634476000 4000 436974000 345000 197502000 -341000 197161000 4948000 192213000 OTHER REVENUE 611710 642000 642000 642000 359057000 112407000 2370000 205423000 872000 872000 46443000 46443000 81000 81000 10052000 2755000 6794000 503000 252000 154000 98000 79325000 65123000 10288000 3914000 6964000 5772000 827000 365000 11618000 9750000 1298000 570000 5984000 4822000 841000 321000 783000 783000 382000 382000 22200 22200 15000 15000 521000 521000 8841000 3920000 4895000 26000 41000 39000 2000 5371000 3560000 1429000 382000 7271000 5208000 2063000 6006000 4785000 1221000 286000 248000 38000 529000 490000 21000 18000 11920000 11261000 659000 14715000 14220000 495000 997000 837000 160000 PROV. FOR EXCISE TAXES 12131000 12131000 LIBRARY MATERIALS 3109000 3109000 FACILITIES MAINT. & REP 1985000 1906000 79000 PURCHASES FOR RESALE 1696000 1696000 2128800 1194000 915800 19000 240341000 188091000 46019000 6231000 0 0 24213000 22187000 62003000 61134000 2133000 2559000 0 0 0 0 2118000 1528000 1485000 1569000 4182000 4402000 539882000 210167000 326957000 329715000 71161000 123456000 1844440000 2721811000 0 0 0 0 19457000 28825000 2358149000 3297186000 21103000 20759000 1645000 1129000 1066000 1502000 87223000 86367000 20000 21000 0 0 21727000 4284000 0 0 243829000 264779000 376613000 378841000 X 246539000 320605000 1734997000 2597740000 1981536000 2918345000 2358149000 3297186000 X 118716000 812097000 5996000 X 0 1 X 1 1 1 X 40302000 27833000 46950000 71378000 38857000 225320000 40302000 27833000 46950000 71378000 38857000 225320000 13051768 212268232 14093000 14932000 16670000 15038000 13266000 73999000 0 0 0 1082000 1082000 35000 37000 25000 97000 300498000 611005000 0.70640 0.70870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING RECEIPTS - 2016 AMOUNT: $ 35,000. 2017 AMOUNT: $ 37,000. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 25,000. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 22200 22200 0 PART II-B, LINE 1: LINE 1I: THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X 0 0 1 X 1780970000 21252000 1004524000 35295000 42401000 10612000 2718438000 1743671000 18977000 99255000 32721000 39635000 8577000 1780970000 1628165000 17810000 173843000 30565000 37087000 8495000 1743671000 1455909000 16533000 225572000 28788000 34453000 6608000 1628165000 1339981000 16132000 163263000 25996000 31308000 6163000 1455909000 0.08130 0.91870 0 0 7265000 7265000 445144000 157035000 288109000 6397000 1804000 4593000 45237000 40659000 4578000 35839000 10669000 25170000 329715000 FIXED INCOME 13167000 F EQUITIES 528513000 F ABSOLUTE RETURN 707045000 F ALTERNATIVE INVESTMENTS 1473086000 F 2721811000 LIABILITY: POST-RETIREMENT BEN 21033000 ASSET RETIREMENT OBLIGATION 1442000 LIABILITY FOR PV OF LIFE INCOM 14740000 FAIR VALUE OF INTEREST RATE SW 7267000 DEFERRED TAX LIABILITY 14900000 EXCISE TAX LIABILITY 1719000 TAXABLE BOND LIABILITIES 191296000 OPERATING/FINANCING LEASE LIAB 12382000 264779000 X 1155368000 812097000 5996000 818093000 337275000 10613000 11169000 21782000 359057000 218559000 15000 15000 218544000 10613000 11184000 21797000 240341000 PART III, LINE 1A: ORGANIZATIONS MAINTAINING COLLECTIONS THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. PART III, LINE 4: ORGANIZATION'S COLLECTIONS COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. PART IV, LINE 2B: CUSTODIAL ACCOUNTS THE COLLEGE HOLDS $21,000 OF SECURITY DEPOSITS ON ITS RENTAL PROPERTIES. PART V, LINE 4: ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES FOR FUTURE GENERATIONS OF BOWDOIN STUDENTS. THE TOP FOUR USES OF THE ENDOWMENT FOR FY 2021 WERE AS FOLLOWS: FINANCIAL AID 48.8%; FACULTY COMPENSATION, ACADEMIC PROGRAMS AND RESEARCH 21.3%; GENERAL OPERATIONS 18.6%; LIBRARY AND MUSEUM PROGRAM SUPPORT 6%. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED GAIN ON INTEREST RATE SWAP 2,342,000. POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST 292,000. NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS 3,589,000. GAIN ON ASSET RETIREMENT OBLIGATION 89,000. UNCOLLECTIBLE PLEDGES -316,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEFERRED & EXCISE TAX LIABILITIES 11,184,000. RENTAL DIRECT EXPENSES -15,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL DIRECT EXPENSES 15,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEFERRED & EXCISE TAX LIABILITIES 11,184,000. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION MEETS THE CRITERIA ESTABLISHED IN SECTION 4.0 REVENUE PROCEDURE 75-50. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. IT SATISFIES THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IT ALSO REFERENCES ITS RACIALLY NONDISCRIMINATORY POLICY IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND COLLEGE WORK STUDY PROGRAMS. 1 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 5000 NORTH AMERICA 0 0 GRANTMAKING 5000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 70000 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1000 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 46133000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 21387000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1401310000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SEE PART V 2000 NORTH AMERICA 1 3 PROGRAM SERVICES SCIENTIFIC STATION 82000 NORTH AMERICA 0 0 PROGRAM SERVICES SEE PART V 5000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SEE PART V 28000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SEE PART V 1000 0 0 1 3 1 3 1468913000 116000 1469029000 FINANCIAL AID EAST ASIA AND THE PACIFIC 1 1000 WIRE TRANSF FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 8 70000 WIRE TRANSF FINANCIAL AID SUB-SAHARAN AFRICA 1 5000 WIRE TRANSF FINANCIAL AID NORTH AMERICA 1 5000 WIRE TRANSF 1 0 1 1 1 0 PART I, LINE 2: MONITOR THE USE OF GRANT FUNDS: ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED AND DETERMINED THROUGH ANALYSIS OF A FAMILY'S INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARD'S CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILY'S FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN E PROGRAM SERVICE ACTIVITIES PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. PART I, LINE 3, COLUMN F BASIS OF ACCOUNTING THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. 1 TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 999999999 GOV'T 471000 CONTRIBUTION TIDES FOUNDATION PO BOX 29903 SAN FRANCISCO CA 94129 510198509 501(C)(3) 73413 CONTRIBUTION BRUNSWICK AMERICAN LEGION 1 COLUMBUS DRIVE BRUNSWICK ME 04011 844691181 501(C)(19) 12500 CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(C)(3) 17000 CONTRIBUTION MAINE INSIDE OUT PO BOX 15168 PORTLAND ME 04112 830462687 501(C)(3) 25226 CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 20000 CONTRIBUTION COUNCIL FOR ECONOMIC EDUCATION 122 E 42ND STREET NEW YORK NY 10168 131623848 501(C)(3) 25000 CONTRIBUTION MAINE INITIATIVES 56 NORTH STREET PORTLAND ME 04101 010484310 501(C)(3) 38138 CONTRIBUTION NAACP 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 384108034 501(C)(4) 44933 CONTRIBUTION RESOURCES FOR ORGANIZING AND SOCIAL CHANGE PO BOX 2444 AUGUSTA ME 04338 010353747 501(C)(3) 36983 CONTRIBUTION MAINE COMMUNITY FOUNDATION 245 MAIN STREET ELLSWORTH ME 04605 010391479 501(C)(3) 19390 CONTRIBUTION THE DEMPSEY CENTER 29 LOWELL STREET NO 5 LEWISTON ME 04240 821547129 501(C)(3) 10000 CONTRIBUTION NAACP EMPOWERMENT PROGRAMS 7 ST PAUL STREET SUITE 12 BALTIMORE MD 21212 131084135 501(C)(3) 9102 CONTRIBUTION NAACP LEGAL DEFENSE & EDUCATIONAL FUND INC 40 RECTOR STREET NORTH 5TH FL NEW YORK NY 10006 131655255 501(C)(3) 7256 CONTRIBUTION 12 2 FINANCIAL ASSISTANCE FOR UNDERGRADUATE STUDENTS 971 43230000 STUDENT RESEARCH FELLOWSHIPS 628 1933000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 91 469000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 368 194000 COVID RELIEF - FEDERAL DISBURSEMENTS 752 530000 COVID RELIEF - BOWDOIN INSTITUTIONAL DISBURSEMENTS 156 87000 PART I, LINE 2: MONITOR THE USE OF GRANT FUNDS GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED AND DETERMINED THROUGH ANALYSIS OF A FAMILY'S INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARD'S CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILY'S FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 PAULA VOLENT SVP/CHIEF INVESTMENT OFFICER 1812898 0 2300000 0 56871 0 43273 0 20653 0 4233695 0 0 0 NILES BRYANT DIRECTOR OF INVESTMENTS 343445 0 800000 0 1079 0 0 0 17864 0 1162388 0 0 0 CHRIS PICCIONE ENDOWMENT CHIEF OPS OFFICER 266693 0 325000 0 26056 0 24254 0 21239 0 663242 0 0 0 SCOTT MEIKLEJOHN SVP FOR DVT & ALUMNI RELATIONS 342790 0 0 0 19237 0 31666 0 16424 0 410117 0 0 0 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 341076 0 0 0 1562 0 27424 0 23308 0 393370 0 0 0 CLAYTON ROSE PRESIDENT 306704 0 0 0 5344 0 16193 0 55485 0 383726 0 0 0 ELIZABETH MCCORMACK SVP/DEAN FOR ACADEMIC AFFAIRS 307871 0 0 0 4908 0 34665 0 13761 0 361205 0 0 0 JENNIFER SCANLON SVP/DEAN FOR ACADEMIC AFFAIRS 256724 0 0 0 6452 0 33801 0 39971 0 336948 0 0 0 MICHAEL ARCHIBALD VP FOR DVT & ALUMNI RELATNS 272364 0 0 0 3000 0 35024 0 22864 0 333252 0 0 0 MICHAEL CATO SVP/CHIEF INFORMATION OFFICER 258953 0 0 0 1867 0 29846 0 30900 0 321566 0 0 0 E WHITNEY SOULE SVP/DEAN ADMISSIONS & ST. AID 251059 0 0 0 1700 0 33163 0 24194 0 310116 0 0 0 JANET LOHMANN SVP/DEAN FOR STUDENT AFFAIRS 239407 0 0 0 2674 0 31222 0 31237 0 304540 0 0 0 MICHAEL REED SVP FOR INCLUSION & DIVERSITY 247638 0 0 0 4624 0 32128 0 14348 0 298738 0 0 0 TAMA SPOERRI VP FOR HUMAN RESOURCES 217003 0 0 0 3765 0 28090 0 35912 0 284770 0 0 0 SCOTT HOOD SVP FOR COMM & PUBLIC AFFAIRS 229318 0 0 0 6689 0 29410 0 13472 0 278889 0 0 0 PATSY DICKINSON FACULTY 231326 0 0 0 3719 0 29690 0 11823 0 276558 0 0 0 ELIZABETH ORLIC SVP/SPECIAL ASST TO THE PRES 216785 0 0 0 3780 0 28224 0 20280 0 269069 0 0 0 PART I, LINE 1A BENEFITS GROSS-UP PAYMENTS: ONE KEY EMPLOYEE RECEIVED A GROSS-UP PAYMENT FOR TAX WITHHOLDING ADJUSTMENTS. HOUSING ALLOWANCE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR PRESIDENT CLAYTON ROSE. SOCIAL CLUB DUES: SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF A KEY EMPLOYEE DURING CALENDAR YEAR 2020. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB WAS USED TO CONDUCT COLLEGE BUSINESS ONLY. PART I, LINE 4 A KEY EMPLOYEE OF THE COLLEGE HAS AN EMPLOYMENT AGREEMENT WITH A CONDITIONAL SEVERANCE CLAUSE. THERE WERE NO SEVERANCE PAYMENTS DURING THE YEAR. PART I, LINE 7 NON-FIXED PAYMENTS A KEY EMPLOYEE IN THE INVESTMENT OFFICE HAS AN INCENTIVE PERFORMANCE-RELATED BONUS BASED IN PART ON THE INVESTMENT PERFORMANCE OF THE BOWDOIN COLLEGE ENDOWMENT. TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED A BONUS WHICH WAS DETERMINED AT THE DISCRETION OF A KEY EMPLOYEE. A MAINE HHEFA 010314384 2017-04-03 20700000 REISSUE-2008 BOND 0 0 0 B MAINE HHEFA 010314384 56042RPK2 2017-12-28 35978713 ADVANCE REFUNDING 0 0 0 C MAINE HHEFA 010314384 56042RSC7 2018-11-29 32389091 CONSTRUCTION 0 0 0 A 20700000 20700000 2017 1 0 1 1 B 35978713 409145 35569568 2017 0 1 1 1 C 490000 33121980 386973 32735007 2021 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 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 C 1 PART I, ROW A, COLUMN F DIRECT PLACEMENT REMARKETING OF S2008 ISSUED 03/24/2008 PART I, ROW B, COLUMN F PARTIALLY ADVANCE REFUND 2009A ISSUE 05/14/2009 PART I, ROW C, COLUMN F CONSTRUCTION PART II, LINE 11, COLUMNS A&B THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS NO LONGER IN ESCROW. PART II, LINE 3, COLUMN C THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS AND THE ISSUE PRICE IS THE RESULT OF INTEREST EARNINGS. PART III THE PRIVATE BUSINESS USE HISTORICALLY REPORTED ON SCHEDULE K WAS NOT PRESENT IN FY21 DUE TO CAMPUS CLOSURE AS A RESULT OF THE PANDEMIC. NA N/A 3315 SCHOLARSHIP BENEFIT DAUGHTER OF TRUSTEE TRUSTEE- L. COTTON 98000 COMPENSATION 0 SPOUSE OF KEY EMPLOYEE KEY EMP.- S. HOOD 154000 COMPENSATION 0 X 500 SEE PART II X 142 3566000 SEE PART II 11 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 33: ART - WORKS OF ART THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. PART I, LINE 9 127 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 15 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. FORM 990, PART I, LINE 1 AND PART III, LINE 1 ORGANIZATION'S MISSION IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS IN APRIL, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE PRESIDENT AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER FOR THOROUGH REVIEW IN ADVANCE OF REGULARLY SCHEDULED BOARD OF TRUSTEES MEETINGS AND FILING WITH THE INTERNAL REVENUE SERVICE (IRS) IN MAY. SUBSEQUENT TO THIS REVIEW, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT, RISK, AND REPUTATION COMMITTEE. ALL OTHER TRUSTEES ARE PROVIDED A PUBLIC DISCLOSURE COPY OF FORM 990 FOR REVIEW. THE SCHEDULE B AS FILED WITH THE IRS IS AVAILABLE TO ALL TRUSTEES, UPON REQUEST ONLY, AT THE BOARD OF TRUSTEES MEETINGS IN MAY. THE FORM 990 IS FILED WITH THE IRS AFTER THE TRUSTEES REVIEW AND APPROVE THE FORM AT THESE MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. SURVEYS ARE REVIEWED BY THE COLLEGE'S LEGAL OFFICER. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT, RISK, AND REPUTATION COMMITTEE AND TO THE BOARD OF TRUSTEES. THE COLLEGE'S LEGAL OFFICER MANAGES ALL CONFLICTS BY APPROPRIATE MEANS, INCLUDING BUT NOT LIMITED TO, BY REQUIRING BOARD MEMBERS TO RECUSE THEMSEVLES FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT WWW.BOWDOIN.EDU/FINANCE/FINANCIAL-DOCUMENTS/INDEX.HTML. FORM 990, PART XI, LINE 9: NET UNREALIZED GAIN ON INTEREST RATE SWAP 2,342,000. POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST 292,000. NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS 3,589,000. GAIN ON ASSET RETIREMENT OBLIGATION 89,000. UNCOLLECTIBLE PLEDGES -316,000. POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME 3954019 196435415 BOWDOIN TP PARTNERSHIP 565 FIFTH AVENUE 19TH FL NEW YORK NY 10017 550648835 INVESTING NY N/A EXCL. 512, 513, 514 40713 0 1 0.56000 POOLED INCOME FUNDS (3) SEE PART VII BRUNSWICK ME 04011 INVESTING ME BOWDOIN T 1 CHARITABLE REMAINDER TRUSTS (13) SEE PART VII BRUNSWICK ME 04011 INVESTING ME BOWDOIN T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUND B S 392929 FMV POOLED INCOME FUND C S 486397 FMV CHARITABLE REMAINDER TRUST S 2451452 FMV PART IV POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 13 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 9 ARE DOMICILED IN MAINE, 1 IN CONNECTICUT, 1 IN ILLINOIS, 1 IN NORTH CAROLINA AND 1 IN NEW YORK.