2021-05-11T15:02:28-05:00 2020-06-30 366055558 GRANT THORNTON LLP 75 STATE STREET 13TH FLOOR BOSTON MA 02109 990 2019-07-01 042104258 GORDON COLLEGE GORD 9788674883 255 GRAPEVINE ROAD WENHAM MA 01984 STEPHEN LACORAZZA VP FOR FINANCE 9788674883 2021-05-11 1 ERIN COUTURE P01390592 6177237900 2019 2022-09-23 18:48:47Z D MICHAEL LINDSAY 255 GRAPEVINE ROAD WENHAM MA 01984 128110878 0 X WWW.GORDON.EDU X 1889 MA GORDON COLLEGE STRIVES TO GRADUATE MEN & WOMEN DISTINGUISHED BY INTELLECTUAL MATURITY AND CHRISTIAN CHARACTER, COMMITTED TO LIVES OF SERVICE AND PREPARED FOR LEADERSHIP WORLDWIDE. 26 24 867 37 0 0 59085163 12719686 81516737 75404573 2054724 4683447 46661 14885 142703285 92822591 29925764 28673450 0 0 40602294 38376462 40990 78970 3976227 25145363 24066584 95714411 91195466 46988874 1627125 195126400 201331768 47270903 54140961 147855497 147190807 X GORDON COLLEGE'S PRIMARY RESPONSIBILITY IS TO PREPARE STUDENTS FOR THE LONG HAUL, TO MAKE THEM SPIRITUALLY, INTELLECTUALLY, RELATIONALLY AND PROFESSIONALLY READY FOR A LIFETIME OF GROWTH - FROM THE FIRST JOB OUT OF COLLEGE AND BEYOND INTO FIELDS NOT YET EXISTING. OUR MISSION IS TO THE FOUNDATION OF ALL WE DO AS WE INSPIRE THE NEXT GENERATION TOWARD FAITHFUL LEADERSHIP FOR THE COMMON GOOD. 0 0 61511735 28606056 57880784 HIGHER EDUCATION: OUR LARGEST PROGRAM SERVICE IS PROVIDING EDUCATION AND INSTRUCTION TO INDIVIDUALS GIVING THEM AN OPPORTUNITY TO EARN A DEGREE. GORDON COLLEGE IS THE ONLY NONDENOMINATIONAL CHRISTIAN LIBERAL ARTS COLLEGE IN NEW ENGLAND. IT OFFERS 33 MAJORS AND CONFERS 3 SEPARATE UNDERGRADUATE DEGREES; BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF MUSIC. UNDERGRADUATE ENROLLMENT OF 1507 STUDENTS IS DRAWN FROM 44 STATES AND 52 COUNTRIES. IN 2019-20, GORDON COLLEGE ISSUED 348 UNDERGRADUATE DEGREES (WITH A SIX-YEAR GRADUATION RATE OF 71%). GORDON HAD A FACULTY TO STUDENT RATIO OF 10 TO 1 WITH 69% OF THE STUDENTS FROM OUTSIDE MASSACHUSETTS. OF THE 85 FULL-TIME FACULTY, 88% HAVE EARNED DOCTORATES. (CONTINUED ON SCHEDULE O) 16541860 0 14873098 AUXILIARY PROGRAMS RELATED TO THE EDUCATIONAL PROCESS FOR DORMITORY HOUSING, FOOD SERVICE, BOOKSTORE, LAVIDA OUTDOOR EXPERIENCE, BALANCE AND MOBILITY CENTER, SUMMER ATHLETIC CAMPS AND OTHER SUMMER PROGRAMS. THERE WERE 1299 RESIDENT STUDENTS IN THE FALL SEMESTER 2019 AND 1220 IN THE SPRING SEMESTER 2020. 1505408 67394 2650691 HIGHER EDUCATION: GORDON COLLEGE HAS GRADUATE PROGRAMS IN EDUCATION, MUSIC EDUCATION, LEADERSHIP, AND FINANCIAL ANALYSIS CONFERRING DEGREES IN MASTERS OF EDUCATION, MASTERS OF MUSIC EDUCATION, MASTER OF ARTS IN LEADERSHIP, AND MASTER OF SCIENCE IN FINANCIAL ANALYSIS. IN 2019-20, THE TOTAL OF UNDUPLICATED GRADUATE STUDENTS WAS 672 DRAWN FROM 23 STATES AND 19 COUNTRIES. GORDON COLLEGE CONFERRED 90 MASTERS' DEGREES IN 2019-20. 79559003 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 0 0 0 1 274 0 1 867 1 0 1 IT 0 0 0 0 0 0 0 0 0 0 0 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X STEPHEN D LACORAZZA GORDON COLLEGE 9788674883 255 GRAPEVINE WENHAM MA 01984 D MICHAEL LINDSAY PRESIDENT 60.00 0.00 X 395708 0 78124 PAUL EDWARDS CDO AND SVP ADVANCEMENT 60.00 0.00 X 265295 0 39407 JOHN TRUSCHEL VP FOR FINANCE AND BD 60.00 0.00 X 205473 0 35774 JANEL CURRY PROVOST 60.00 0.00 X 167635 0 20413 DANIEL TYMANN EVP AND CHIEF OF STAFF 60.00 0.00 X 167305 0 31469 RICHARD SWEENEY VICE PRESIDENT FOR MARKETING & EXTERNAL RELATIONS 60.00 0.00 X 130836 0 66639 JEWERL MAXWELL VICE PRESIDENT FOR ACADEMIC INITIATIVES 60.00 0.00 X 123331 0 19999 SANDRA DONESKI EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS 60.00 0.00 X 125524 0 28170 JANET ARNDT ASSOCIATE PROFESSOR OF EDUCATION 60.00 0.00 X 117661 0 16913 ALEXANDER LOWRY EXECUTIVE DIRECTOR, CAREER & CONNECTIONS INSTITUTE 60.00 0.00 X 116560 0 30875 SEAN CLARK PROFESSOR OF KINESIOLOGY 60.00 0.00 X 115421 0 26494 DAVID BEATTY TRUSTEE (THRU 05/2020) 1.00 0.00 X 0 0 0 TIMOTHY BREENE TRUSTEE 1.00 0.00 X 0 0 0 BILL BROWN TRUSTEE 1.00 0.00 X 0 0 0 DR DOROTHY CHAPPELL TRUSTEE 1.00 0.00 X 0 0 0 FOSTER CHASE TRUSTEE 1.00 0.00 X 0 0 0 DR TALAL DEBS TRUSTEE 1.00 0.00 X 0 0 0 LAURA FASTIE-GRAPSHI TRUSTEE (THRU 05/2020) 1.00 0.00 X 0 0 0 LISA FORKNER TRUSTEE 1.00 0.00 X 0 0 0 CHARLEY GEORGE TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS H GILBERT TRUSTEE 1.00 0.00 X 0 0 0 GORDON HALL TREASURER AND CLERK 5.00 0.00 X X 0 0 0 PETER HERSCHEND TRUSTEE 1.00 0.00 X 0 0 0 DR STUART KNECHTLE TRUSTEE 1.00 0.00 X 0 0 0 SHAPRI LOMAGLIO TRUSTEE (THRU 05/2020) 1.00 0.00 X 0 0 0 BROWNYN LORING TRUSTEE 1.00 0.00 X 0 0 0 NICOLE MARTIN TRUSTEE 1.00 0.00 X 0 0 0 REID MACLELLAN TRUSTEE 1.00 0.00 X 0 0 0 ROBERTO MIRANDA TRUSTEE (THRU 05/2020) 1.00 0.00 X 0 0 0 MARK NORMAN VICE CHAIR 5.00 0.00 X X 0 0 0 BARRY ROWAN TRUSTEE 1.00 0.00 X 0 0 0 JESSIE SAINTCYR ESQ TRUSTEE 1.00 0.00 X 0 0 0 JOHN SARGENT TRUSTEE 1.00 0.00 X 0 0 0 SAMUEL SCHREINER III TRUSTEE 1.00 0.00 X 0 0 0 SANTIAGO SEDACA TRUSTEE 1.00 0.00 X 0 0 0 MARY SHAHIAN TRUSTEE 1.00 0.00 X 0 0 0 MADELYN SHIELDS TRUSTEE 1.00 0.00 X 0 0 0 HERMAN SMITH JR CHAIRMAN OF THE BOARD 5.00 0.00 X X 0 0 0 DR CARRIE TIBBLES TRUSTEE 1.00 0.00 X 0 0 0 MYRON ULLMAN II TRUSTEE 1.00 0.00 X 0 0 0 BRAD WARNER TRUSTEE (THRU 05/2020) 1.00 0.00 X 0 0 0 REV DAVID WRIGHT ESQ TRUSTEE (THRU 05/2020) 1.00 0.00 X 0 0 0 SUANNAH YOUNG TRUSTEE 1.00 0.00 X 0 0 0 1930749 0 394277 17 0 1 0 BON APPETIT MANAGEMENT COMPANY PO BOX 417632 BOSTON MA 02241 DINING SERVICE MANAGEMENT 2938603 SPRAQUE OPERATING RESOURCES LLC PO BOX 842985 BOSTON MA 02284 ENERGY SUPPLIER 424025 TECTA AMERICA NEW ENGLAND LLC 2 STERLING ROAD NORTH BILLERICA MA 01862 CONSTRUCTION 413258 BREEN & SULLIVAN 7 HEALY COURT DANVERS MA 01923 MECHANICAL SERVICES 375974 WELINGTON TRUST COMPANY 250 CONGRESS STREET BOSTON MA 02210 INVESTMENT MANAGEMENT 317156 5 1259368 11560318 2200873 12719686 TUITION FEES 611310 59985334 59985334 RESIDENCE HALL REVENUE 611310 8379544 8379544 BOARD PLAN 611310 3316374 3316374 ALL OTHER PROGRAM SERVICE REVENUE 900099 1998573 1998573 SUMMER PROGRAMS 611310 884413 884413 840335 840335 75404573 1656968 1656968 14885 0 14885 14885 14885 38314766 35288287 3026479 3026479 3026479 92822591 75404573 0 4698332 X 24423217 24423217 4250233 4250233 1647791 1432709 215082 254112 223362 30750 26935201 20656550 4579295 1699356 1099491 842867 181191 75433 6537122 4802725 1272382 462015 1902745 1382341 383015 137389 198565 198565 139781 139781 78970 78970 367605 367605 6896227 4724656 1767588 403983 106689 48943 57746 2069605 1426515 395586 247504 1132738 360440 611825 160473 3919768 3789091 109776 20901 2165272 1950656 118216 96400 21780 20504 826 450 5485645 5107505 317303 60837 338613 83868 252304 2441 SPECIAL EVENTS 545466 283601 64450 197415 HEERF SUPPORT 303028 303028 0 0 MEMBERSHIPS 172703 67028 92091 13584 ALLOCATION OF OPERATION 0 4483405 -4496933 13528 203099 328468 -127339 1970 91195466 79559003 7660236 3976227 616613 3836356 1181014 7258687 59112094 48859766 1988396 2150183 189623 0 22871 16374 1173041 1311526 177755400 125656131 55333181 52099269 31729574 20885133 40702608 62118886 2677080 2107087 400305 688501 195126400 201331768 2166729 1654575 1929606 10513653 33616266 32054400 218378 156495 1317838 1184433 8022086 8577405 47270903 54140961 X 24269472 31158374 123586025 116032433 147855497 147190807 195126400 201331768 X 1627125 -1137348 -1154467 X 0 1 X 1 1 1 X 11216669 33469811 11748236 59085163 12719686 128239565 11216669 33469811 11748236 59085163 12719686 128239565 69521093 58718472 949409 1055786 1726753 1497716 1671853 6901517 42570 5265 800 48635 135189717 392770691 0.43430 0.42040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 1 X 73914132 5031687 2623669 1820618 1649684 78099186 56810323 15555686 4672531 1804225 1320183 73914132 49942959 5843872 3388246 1369542 995212 56810323 44166187 2727170 5441734 1415902 976230 49942959 44316144 1792579 -392561 1007849 542126 44166187 0.26000 0.63000 0.11000 0 0 1799226 1799226 129724128 84154300 45569828 0 33700909 30755119 2945790 12531137 10746712 1784425 52099269 MUTUAL FUNDS 62118886 F 62118886 CONDITIONAL ASSET RETIREMENT OBLIGATION 443587 FAIR VALUE INTEREST RATE SWAP 4750002 PERKINS LOAN ADVANCES 2119257 ANNUITY PAYMENT OBLIGATIONS 1264559 8577405 X 63345798 -1137348 667110 -470238 63816036 367605 28638950 29006555 92822591 64011466 1822555 1822555 62188911 367605 28638950 29006555 91195466 PART III, LINE 1A: THE COLLEGE HOLDS CERTAIN COLLECTIONS OF WORKS OF ART AND FURNISHINGS. THESE COLLECTIONS ARE HOUSED IN A PROTECTED ENVIRONMENT AND ARE USED FOR EXHIBITION PURPOSES FOR THE PUBLIC, FOR EDUCATION AND RESEARCH, AS WELL AS FOR THE FURTHERANCE OF SERVICE TO THE PUBLIC. THESE COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAINS NOR ARE THEY ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT CAPITALIZED OR RECORDED FOR PURPOSES OF PREPARING THE ACCOMPANYING FINANCIAL STATEMENTS. PART III, LINE 4: OCCASIONALLY THE COLLEGE RECEIVES GIFTS OF ART OR COLLECTIBLES WHICH ARE PUT ON DISPLAY IN VARIOUS BUILDINGS THROUGHOUT THE CAMPUS. WE ALSO MAINTAIN LIBRARY ARCHIVES OF COLLEGE HISTORICAL DOCUMENTS AND BOOK COLLECTIONS KEPT FOR POSTERITY. PART IV, LINE 2B: THE COLLEGE MAINTAINS CUSTODIAL OR "PASS THROUGH" ACCOUNTS FOR FEDERAL STUDENT LOANS, PELL GRANT AND STATE GRANTS. FUNDS ARE HELD IN THESE ACCOUNTS UNTIL DISTRIBUTED TO INDIVIDUAL STUDENTS. THE COLLEGE ALSO MAINTAINS CUSTODIAL ACCOUNTS FOR STUDENT GOVERNMENT AND STUDENT MINISTRY GROUPS AND ACTIVITIES. PART V, LINE 4: THE INTENDED USE OF ENDOWMENT FUNDS IS DRIVEN BY DONOR RESTRICTIONS ON OUR ENDOWMENTS. APPROXIMATELY 52% OF APPROPRIATED REVENUES THIS YEAR WERE IN SCHOLARSHIP AWARDS. 32% OF REVENUES SUPPORTED GENERAL ACTIVITIES AND PHYSICAL PLANT. THE REMAINING 16% WAS ALLOCATED TO INSTRUCTIONAL ACTIVITIES AND ACADEMIC SUPPORT PROGRAMS. DISTRIBUTIONS OF INCOME ARE MADE USING A TOTAL RETURN METHOD. WE USED A SPENDING RATE OF 6% OF THE 3 YEAR ROLLING AVERAGE OF THE FAIR MARKET VALUE OF THE INVESTMENTS. PART X, LINE 2: FIN 48 FOOTNOTE: THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D: THIS FIGURE INCLUDES THE FWS APPORTIONMENT BUDGET ALLOCATION OF 188,033 INCLUDED IN INCOME ON THE FINANCIAL STATEMENTS, GORDON COLLEGE FOUNDATION INCOME OF 27,070 INCLUDED IN REVENUE ON THE FINANCIAL STATEMENTS AND LOSS ON DISPOSAL OF ASSETS 452,007. PART XI, LINE 4B: INCLUDED HERE ARE: SCHOLARSHIPS AND GRANTS OF 28,231,007 AS A TUITION DISCOUNT ON THE FINANCIAL STATEMENTS; FEDERAL FINANCIAL AID OF 407,943 TREATED AS PASS THROUGH ACTIVITY ON THE FINANCIAL STATEMENTS AND NOT REFLECTED IN INCOME. PART XII, LINE 2D: THIS FIGURE INCLUDES: FWS APPORTIONMENT BUDGET ALLOCATION OF 188,033 INCLUDED IN INCOME ON THE FINANCIAL STATEMENTS; GORDON COLLEGE FOUNDATION EXPENSES OF 28,048 INCLUDED IN EXPENSES ON THE FINANCIAL STATEMENTS; CHANGE IN SPLIT INTEREST AGREEMENTS OF 72,700; CHANGE IN SWAP VALUE OF 1,081,767; LOSS ON DISPOSAL OF ASSETS OF 452,007. PART XII, LINE 4B: INCLUDED HERE ARE: SCHOLARSHIPS AND GRANTS OF 28,231,007 AS A TUITION DISCOUNT ON THE FINANCIAL STATEMENTS; FEDERAL FINANCIAL AID OF 407,943 TREATED AS PASS THROUGH ACTIVITY ON THE FINANCIAL STATEMENTS AND NOT REFLECTED IN EXPENSE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GIVEN THE TECHNOLOGY AVAILABLE TODAY, WE HAVE INVESTED IN OUR WEB SITE AS THE WAY TO REACH THE MOST STUDENTS. OUR RACIALLY NONDISCRIMINATORY POLICY IS POSTED ON OUR WEB SITE. OUR PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS IN EACH GEOGRAPHIC AREA ARE DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS INTERESTED IN A CHRISTIAN COLLEGE OF THE AVAILABILITY OF GORDON COLLEGE. SCHEDULE E, PART I, LINE 6 GORDON COLLEGE RECEIVES TITLE IV FUNDS FOR AID TO STUDENTS FROM THE DEPARTMENT OF EDUCATION FOR FEDERAL WORK STUDY, FSEOG, FEDERAL PELL GRANT, AND OTHER FEDERAL STUDENT AID GRANT PROGRAMS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 148405 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 100490 SOUTH ASIA 0 0 GRANTMAKING 674022 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 42737 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 1033120 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1500658 NORTH AMERICA 0 0 GRANTMAKING 140683 SOUTH AMERICA 0 0 GRANTMAKING 610118 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 1218886 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 92393 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 24700 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 42230 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 92146 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 14650 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT SERVICES 1401 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT SERVICES 23438 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT SERVICES 66867 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDENT SERVICES 3922 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 1374 EAST ASIA AND THE PACIFIC 0 0 RECRUITMENT/ADMISSIONS 3128 0 0 0 0 0 0 4250233 1585135 5835368 SCHOLARSHIPS AND GRANTS CENTRAL AMERICA AND THE CARIBBEAN 7 100490 ACCOUNT CRED SCHOLARSHIPS AND GRANTS EAST ASIA AND THE PACIFIC 66 1500658 ACCOUNT CRED SCHOLARSHIPS AND GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 7 148405 ACCOUNT CRED SCHOLARSHIPS AND GRANTS MIDDLE EAST AND NORTH AFRICA 1 42737 ACCOUNT CRED SCHOLARSHIPS AND GRANTS NORTH AMERICA 4 140683 ACCOUNT CRED SCHOLARSHIPS AND GRANTS SOUTH AMERICA 22 610118 ACCOUNT CRED SCHOLARSHIPS AND GRANTS SOUTH ASIA 39 674022 ACCOUNT CRED SCHOLARSHIPS AND GRANTS SUB-SAHARAN AFRICA 34 1033120 ACCOUNT CRED 0 0 0 0 0 0 PART I, LINE 3: EUROPE ONLY: WE OFFER SEMESTER BASED PROGRAMS IN ITALY AND THE BALKANS. EXPENDITURES ARE REPORTED USING ACCRUAL BASED ACCOUNTING. EMPLOYEE COMPENSATION IS PROCESSED THROUGH OUR CAMPUS PAYROLL SYSTEM. OTHER PROGRAM COSTS ARE MANAGED BY THE PROGRAM DIRECTORS. FUNDS ARE WIRED PERIODICALLY AT THE REQUEST OF THE PROGRAM LEADERS AND APPROVED BY THE GLOBAL EDUCATION ADMINISTRATOR. THE PROGRAM LEADERS PAY LOCAL EXPENSES. EXPENSE DOCUMENTATION IS SUBMITTED TO THE CONTROLLER'S OFFICE FOR REVIEW. COSTS RECORDED AT THE TIME OF THE WIRES ARE FOR TUITION, ROOM, BOARD AND INCIDENTALS OF THE STUDENTS. WE ALSO OFFER INTERNATIONAL SEMINAR COURSES WHICH ARE RUN FOR 2-4 WEEK PERIODS ON A SUBJECT RELATED TO THAT COUNTRY. IN COUNTRY EXPENSES ARE FOR FOOD, LODGING, TRANSPORTATION AND ENTRANCE FEES. THE GLOBAL EDUCATION OFFICE ALSO APPROVES STUDENTS TO ATTEND NON-GORDON PROGRAMS AT OTHER ORGANIZATIONS OR FOREIGN COLLEGES OR UNIVERSITIES. FUNDS ARE SENT ON BEHALF OF THOSE STUDENTS DIRECTLY TO THOSE PROGRAMS. OTHER REGIONS: WE OFFER INTERNATIONAL SEMINAR COURSES WHICH ARE RUN FOR 2-4 WEEK PERIODS ON A SUBJECT RELATED TO THAT COUNTRY. IN COUNTRY EXPENSES ARE FOR FOOD, LODGING, TRANSPORTATION AND ENTRANCE FEES. THE GLOBAL EDUCATION OFFICE ALSO APPROVES STUDENTS TO ATTEND NON-GORDON PROGRAMS AT OTHER ORGANIZATIONS OR FOREIGN COLLEGES OR UNIVERSITIES. FUNDS ARE SENT ON BEHALF OF THOSE STUDENTS DIRECTLY TO THOSE PROGRAMS. THE GLOBAL EDUCATION OFFICE APPROVES STUDENTS TO ATTEND NON-GORDON PROGRAMS AT OTHER ORGANIZATIONS OR FOREIGN COLLEGES OR UNIVERSITIES. FUNDS ARE SENT ON BEHALF OF THOSE STUDENTS DIRECTLY TO THOSE PROGRAMS. MISSIONS AND SERVICE LEARNING TRIPS: GOAL OF TRIPS IS TO HELP STUDENTS SERVE OVERSEAS FOR A PERIOD OF TIME RANGING FROM 3-10 WEEKS OVER SEMESTER OR SUMMER BREAKS. THEY ARE STUDENT LED/STAFF ADVISED. IN COUNTRY COSTS ARE FOR FOOD, HOUSING, TRANSPORTATION AND SERVICE PROJECT EXPENSES. WHERE POSSIBLE, FUNDS ARE WIRED FOR THESE COSTS BASED ON APPROVALS FROM THE DEAN OF CHAPEL. PER DIEM ADVANCES BASED ON STATE DEPARTMENT RATES ARE ISSUED TO TRIP LEADERS TO PAY IN COUNTRY COSTS. TRIP LEADERS MUST DOCUMENT THE EXPENSES WITH DETAILED ITINERARIES AND HAVE APPROVAL FROM THE DEAN OF CHAPEL. GLOBAL INTERNSHIPS: WE STRONGLY BELIEVE GLOBAL INTERNSHIPS PROVIDE OUR STUDENTS WITH RICH CROSS-CULTURAL EXPERIENCES, HELP THEM BUILD NETWORKS WITH GLOBAL ORGANIZATIONS IN DIVERSE AREAS OF WORK AND MINISTRY, AND POSITION THEM WELL TO MEET THE CHALLENGES IN AN INCREASINGLY COMPETITIVE WORLD. STUDENTS CAN APPLY FOR ASSISTANCE WITH TRAVEL COSTS TO INTERNATIONAL LOCATIONS THROUGH OUR AVA MEMMEN GLOBAL INTERNSHIP PROGRAM. THE PROGRAM IS ADMINISTERED BY THE EXECUTIVE VICE PRESIDENT AND THE CAREER SERVICES OFFICE. GLOBAL HONORS: THE COLLEGE HAS DEVELOPED AN HONORS PROGRAM FROM WHICH 12 TO 15 STUDENTS ARE SELECTED EACH YEAR. IN ADDITION TO SCHOLARSHIP, IT INVOLVES TRAVEL TO AN ECONOMICALLY DEPRESSED COUNTRY DURING THE FRESHMAN AND SOPHOMORE YEARS FOR LEARNING AND SERVICE OPPORTUNITIES. THE PRESIDENT AND ADMISSIONS COUNSELORS TRAVELED ON BEHALF OF THE COLLEGE FOR STUDENT RECRUITMENT AND PROGRAM DEVELOPMENT. THE PRESIDENT TRAVELED ON BEHALF OF THE COLLEGE FOR STUDENT RECRUITMENT AND PROGRAM DEVELOPMENT. THE PRESIDENT LED A TRIP FOR FRIENDS AND DONORS OF THE COLLEGE FOR DONOR RELATIONSHIP BUILDING AND CULTIVATION. GEO: GLOBAL EDUCATION STAFF TRAVELED TO VERIFY QUALITY OF VARIOUS OFF-CAMPUS PROGRAMS. PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 2 GRANTS AND SCHOLARSHIPS TO INTERNATIONAL STUDENTS ARE TREATED AS TUITION DISCOUNTS AND ARE APPLIED AS ACCOUNTING CREDITS ON EACH STUDENT'S BILL. THEY ARE NOT PAID DIRECTLY TO THE STUDENT. MERIT SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC CRITERIA AND ARE RENEWED ANNUALLY BASED ON SATISFACTORY GPA REQUIREMENTS THAT ARE VERIFIED BY THE REGISTRAR'S OFFICE. DONATED SCHOLARSHIP FUNDS ARE AWARDED BASED ON CRITERIA PROVIDED BY DONORS. SPECIFIC ELIGIBILITY IS VERIFIED ANNUALLY BY THE REGISTRAR'S OFFICE, ADMISSIONS AND THE FINANCIAL AID OFFICE. NEED BASED GRANTS ARE AWARDED BASED ON THE STUDENT'S DETERMINED FINANCIAL NEED. THE COLLEGE USES INFORMATION PROVIDED BY THE CSS PROFILE OF THE COLLEGE BOARD. THE GRANT AMOUNT IS CARRIED FORWARD FROM YEAR TO YEAR UNLESS THERE IS A SIGNIFICANT CHANGE IN DETERMINED FINANCIAL NEED. SCHEDULE F, PART I, LINE 3, COLUMN F THE COLLEGE REVIEWS ALL FOREIGN EXPENDITURES BASED ON THE CAPABILITIES OF ITS ACCOUNTING SYSTEMS, TO DETERMINE THE AMOUNTS REPORTED IN COLUMN F. X X X X X X X 1 GENERIS PARTNERS LLC 5256 PEACHTREE ROAD STE 150 ATLANTA GA 30341 CONSULTING 0 0 78970 0 78970 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 0 SCHOLARSHIPS AND GRANTS TO STUDENTS 1462 23980774 FSEOG GRANTS TO STUDENTS 165 162460 FWS GRANTS TO STUDENTS 304 206033 FEDERAL TEACH GRANT 12 39450 ORVIETO AWARD FOR STUDENTS 1 3500 AJG MISSION FELLOWSHIP AWARD 5 5000 BAY AREA PROJECT AWARD 2 10000 CENTER FOR ENTREPRENEURIAL LEADERSHIP AWARD 6 14000 INVITATION TO LEADERSHIP AWARD 2 2000 PART I, LINE 2: SCHEDULE I, PART I, LINE 2 - GORDON COLLEGE AWARDS THREE TYPES OF GRANTS/SCHOLARSHIPS: MERIT SCHOLARSHIPS, NEED-BASED GRANTS AND ENDOWMENT FUNDED RESTRICTED SCHOLARSHIPS. MERIT SCHOLARSHIPS ARE AWARDED BASED ON THE INCOMING STUDENT'S ACADEMIC CRITERIA DETERMINED BY THE ADMISSIONS OFFICE. THESE SCHOLARSHIPS ARE RENEWED ANNUALLY BY VERIFICATION OF THE REGISTRAR'S OFFICE THAT CUMULATIVE GPA REQUIREMENTS ARE MET. NEED-BASED GRANTS ARE AWARDED BASED ON THE STUDENT'S DETERMINED FINANCIAL NEED. WE DETERMINE FINANCIAL NEED USING INFORMATION PROVIDED BY THE FAFSA. WE PRACTICE LEVEL-FUNDING OF THE NEED-BASED GRANTS TO FUTURE YEARS UNLESS THERE IS A SIGNIFICANT CHANGE IN DETERMINED FINANCIAL NEED. ENDOWMENT FUNDED RESTRICTED SCHOLARSHIPS ARE AWARDED BASED ON CRITERIA ESTABLISHED BY DONORS. THE CRITERIA INFORMATION ON SPECIFIC ELIGIBLE STUDENTS IS PROVIDED BY THE REGISTRAR, ADMISSIONS AND FINANCIAL AID OFFICES. STUDENTS ARE EVALUATED ANNUALLY TO VERIFY THEY CONTINUE TO MEET THE DONOR CRITERIA FOR AN ENDOWMENT AWARD. X X 1 1 X X X 0 1 0 0 0 0 0 1 0 D MICHAEL LINDSAY PRESIDENT 334182 0 60000 0 1526 0 14000 0 64124 0 473832 0 0 0 PAUL EDWARDS CDO AND SVP ADVANCEMENT 261183 0 0 0 4112 0 13306 0 26101 0 304702 0 0 0 JOHN TRUSCHEL VP FOR FINANCE AND BD 204183 0 0 0 1290 0 10315 0 25459 0 241247 0 0 0 JANEL CURRY PROVOST 166716 0 0 0 919 0 8657 0 11756 0 188048 0 0 0 DANIEL TYMANN EVP AND CHIEF OF STAFF 164183 0 0 0 3122 0 8406 0 23063 0 198774 0 0 0 RICHARD SWEENEY VICE PRESIDENT FOR MARKETING & EXTER 129979 0 0 0 857 0 6993 0 59646 0 197475 0 0 0 SANDRA DONESKI EXECUTIVE VICE PRESIDENT FOR ACADEMI 125119 0 0 0 405 0 6642 0 21528 0 153694 0 0 0 PART I, LINE 1A SCHEDULE J, PART I, LINE 1A FIRST-CLASS TRAVEL: THE PRESIDENT MAY TRAVEL VIA FIRST CLASS IN ORDER TO CARRY OUT HIS/HER DUTIES AS REQUIRED BY THE COLLEGE. SUCH ACCOMMODATIONS FOR THE PRESIDENT ARE NOT INCLUDED IN TAXABLE WAGES AS THEY ARE PROVIDED FOR THE BENEFIT OF THE COLLEGE. THE PRESIDENT USED SUCH ACCOMODATIONS FOR BUSINESS PURPOSES DURING THE CALENDAR YEAR 2019. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: ONE LISTED PERSON RECEIVED THIS BENEFIT. THE PRESIDENT IS REQUIRED TO LIVE IN ON-CAMPUS HOUSING FOR HOSTING PURPOSES AND 24/7 AVAILABILITY TO THE CAMPUS COMMUNITY. BECAUSE OF THIS REQUIREMENT, IT IS EXCLUDED FROM WAGES UNDER SECTION 119 OF THE IRS CODE. THE HOUSING VALUE INCLUDED IN NON-TAXABLE COMPENSATION WAS $36,915. PART I, LINE 4B THE COLLEGE PROVIDES A SPLIT DOLLAR LIFE INSURANCE POLICY TO AN EXECUTIVE. NO AMOUNTS WERE INCLUDED IN TAXABLE INCOME UNDER THE POLICY IN CALENDAR YEAR 2019. PART I, LINE 7 THE PRESIDENT WAS GIVEN A BONUS FOR EXCEEDING THE GOALS AND EXPECTATIONS ASSIGNED TO HIM FOR THE YEAR. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWED AND APPROVED THE BONUS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2013-02-19 38480000 REFUND PRIOR ISSUE(ISSUED 10/31/20) 0 0 0 A 38480000 38480000 2012 1 0 1 1 A 0 0 1 1 0 0.00760 0.00760 0 0 1 A 0 0 1 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 0 1 A 1 PART IV, LINE 3C THE COLLEGE HAS MULTIPLE INTEREST RATE SWAP AGREEMENTS, WITH TERMS (IN YEARS) 10, 20, 26.2, 10, AND 19 FOR THE $30,000,000 ISSUANCE AND TERMS (IN YEARS) 10, 20, 26.2, AND 10 FOR THE $10,000,000 ISSUANCE. GORDON COLLEGE PUT IN THE SHORTEST SWAP TERM IN LINE 4C, SINCE WE ARE ONLY ABLE TO INPUT ONE TERM. NA NOT REQUIRED FOR COLLEGE NA NOT REQUIRED FOR COLLEGE 33251 SCHOLARSHIP MERIT SCHOLARSHIPS JONATHAN TYMANN BROTHER OF EVP 156198 EMPLOYMENT COMPENSATION 0 REBECCA LINDSAY SPOUSE OF PRESIDENT 30750 EMPLOYMENT COMPENSATION 0 JEAN EDWARDS SPOUSE OF SVP 14978 EMPLOYMENT COMPENSATION 0 SARAH WELCH DAUGHTER OF EVP 47240 EMPLOYMENT COMPENSATION 0 SCHEDULE L, PART IV FOUR RELATIVES OF OFFICERS ARE ALSO EMPLOYED BY GORDON COLLEGE. X 0 COST OF DONATED PROPERTY X 16 2200873 FMV ON DATE RECEIVED X SYMPHONY VIDEOS 2 0 COST OF DONATED PROP X PIANO/FURNITURE 3 0 COST OF DONATED PROP X LAWN EQUIPMENT 2 0 COST OF DONATED PROP X EXPENSES-BOARD 1 0 COST OF DONATED PROP 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B IS THE TOTAL NUMBER OF CONTRIBUTIONS. LINES 25, 26, 27 AND 28: REVENUES WERE NOT REPORTED BECAUSE THE GIFTS WERE NOT GIVEN A VALUE AS APPRAISALS WERE UNAVAILABLE. FORM 990, PART VI, SECTION A, LINE 2 DAVID BEATTY AND LISA FORKNER - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE COLLEGE'S EXTERNAL TAX ADVISORS AND REVIEWED BY THE CONTROLLER, THE VICE PRESIDENT FOR FINANCE AND THE PRESIDENT. ONCE THE FORM 990 IS APPROVED BY THE PRESIDENT AND VICE PRESIDENT, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, THE FORM 990, AS IT WILL ULTIMATELY BE FILED, IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL DISCLOSURE FORM DELINEATING CONFLICTS IS DISTRIBUTED TO ALL TRUSTEES AT THE ANNUAL BOARD MEETING AND MUST BE SIGNED BY EACH TRUSTEE. A COPY IS MAILED TO ANY TRUSTEE WHO IS ABSENT AND MUST BE SIGNED AND RETURNED. TRUSTEES MUST RECUSE THEMSELVES FROM ANY DICUSSION OF OR VOTE ON ANY ISSUE INVOLVING CONFLICTS OF INTEREST. KEY EMPLOYEES AND OFFICERS MUST ALSO SIGN AN ANNUAL CONFLICT OF INTEREST FORM WHICH CLEARLY DELINEATES CONFLICTS OF INTEREST. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION MONITORS AND REVIEWS THE CONFLICT OF INTEREST STATEMENTS. THE PRESIDENT'S OFFICE COLLECTS AND MAINTAINS THEM. FORM 990, PART VI, SECTION B, LINE 15 A BODY OF THREE INDEPENDENT BOARD MEMBERS WHO SERVE ON THE EXECUTIVE COMMITTEE ALSO SERVE AS THE COMPENSATION COMMITTEE FOR COLLEGE EXECUTIVE OFFICERS. IN COOPERATION WITH THE COLLEGE'S INSTITUTIONAL RESEARCH OFFICE, THE PRESIDENT PROVIDES THE COMPENSATION COMMITTEE WITH COMPENSATION DATA ON THE COLLEGE'S EXECUTIVE OFFICERS, INCLUDING THE PRESIDENT, AS WELL AS COMPENSATION DATA FROM COMPARABLE INSTITUTIONS. THE PRESIDENT HAS AN ANNUAL REVIEW BY THE COMPENSATION COMMITTEE AND IS JUDGED BASED ON ATTAINMENT OF GOALS FOR THE YEAR. THE PRESIDENT RECOMMENDS COMPENSATION FOR OTHER EXECUTIVE OFFICERS. COMPENSATION INCREASES AND BONUSES FOR ALL EXECUTIVE OFFICERS, IF ANY, ARE BASED UPON JOB PERFORMANCE AND THE INDEPENDENT STUDIES. MINUTES ARE KEPT OF THE PROCESS AND VOTE. THE LAST REVIEW PROCESS TOOK PLACE IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FORM 990 MAY ALSO BE AVAILABLE ON OTHER WEBSITES SUCH AS WWW.GUIDESTAR.ORG. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS INCLUDE: CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS (72,670) INTEREST RATE SWAP FAIR VALUE ADJUSTMENT (1,081,797) GORDON COLLEGE FOUNDATION 255 GRAPESVINE ROAD WENHAM MA 01984 222610484 LAND USE MA 501(C)(3) LINE 12A, I GORDON COLLE 1 CHARITABLE REMAINDER TRUSTS(4) 255 GRAPEVINE ROAD WENHAM MA 01984 CHARITABLE GIFT MA N/A T 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0