2025-07-25T09:41:24-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1500 RXR PLAZA WEST TOWER UNIONDALE NY 11556 990 2024-07-01 030179419 GODDARD COLLEGE GODD 8028645751 CO DINSE 209 BATTERY STREET BURLINGTON VT 05402 DANNY HOCOY PRESIDENT 8028645751 2025-07-23 1 0 X CATHERINE PETERCSAK P01357092 5167472000 2025-07-23 2024 2025-03-06 01:10:19Z X DANNY HOCOY C/O DINSE 209 BATTERY STREET BURLINGTON VT 05402 3515604 0 X GODDARD.EDU X 1984 VT TO ADVANCE CULTURES OF RIGOROUS INQUIRY, COLLABORATION, AND LIFELONG LEARNING, WHERE INDIVIDUALS TAKE IMAGINATIVE AND RESPONSIBLE ACTION IN THE WORLD. X 5 5 105 5 0 0 181277 2581 5428829 73857 75186 -725512 0 0 5685292 -649074 191645 0 0 0 4236972 1548746 0 0 0 2898767 1449627 7327384 2998373 -1642092 -3647447 7137340 1351327 2471003 329615 4666337 1021712 X TO ADVANCE CULTURES OF RIGOROUS INQUIRY, COLLABORATION, AND LIFELONG LEARNING, WHERE INDIVIDUALS TAKE IMAGINATIVE AND RESPONSIBLE ACTION IN THE WORLD. 0 1 409199 73857 GODDARD COLLEGE DID NOT RUN AN ACADEMIC SEMESTER DURING FISCAL YEAR ENDING JUNE 30, 2025. THE ONLY PROGRAMS THAT WERE RUN DURING FISCAL YEAR ENDING JUNE 30, 2025 WERE 2 COHORTS THAT ENDED ON 7/12/2024 AND 8/2/2024. THE COLLEGE HAS CLOSED AND PLANS TO DISSOLVE FULLY BEFORE THE END OF CALENDAR YEAR 2025. 409199 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 21 0 105 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X JEFF MCMAHON 8028645751 C/O DINSE 209 BATTERY STREET PO BOX BURLINGTON VT 05402 MARK JONES CHAIRPERSON 1.00 X X 0 0 0 PHYLLIS WORTHY DAWKINS VICE CO-CHAIR 1.00 X X 0 0 0 DENISE DEZOLT VICE CO-CHAIR 1.00 X X 0 0 0 MIKE CAIRNS TREASURER 2.00 X X 0 0 0 DENNIS RUSH SECRETARY 1.00 X X 0 0 0 DANNY HOCOY PRESIDENT 40.00 X 284070 0 7169 TRACY GARRETT FORMER FACULTY TRUSTEE (TO 6/23/24) 1.00 X 47965 0 3584 ALISHA RABY-CEFALO FORMER TRUSTEE (TO 4/1/24) 1.00 X 15821 0 2151 347856 0 12904 1 1 1 0 CORE EDUCATION SERVICES PBC 201 N UNION STREET SUITE 110 ALEXANDRIA VA 22314 ADMINISTRATIVE SUPPORT SERVICES 308187 DINSE PC 209 BATTERY STREET BURLINGTON VT 05401 LEGAL SERVICES 129192 BAKER TILLY US LLP BOX 78975 MILWAUKEE WI 53278 AUDIT, TAX, & CONSULTING SERVICES 116675 3 2581 2581 AUXILIARY ENTERPRISES 611310 69607 69607 TUITION AND FEES 611310 4250 4250 73857 39166 39166 3400000 4164678 -764678 -764678 -764678 -649074 73857 0 -725512 331887 20051 311836 1007171 321284 685887 137160 36986 100174 72528 18587 53941 256549 256549 116573 116573 46463 46463 199782 1875 197907 65293 3831 61462 111432 983 110449 2088 2088 53386 53386 102738 102738 117563 117563 BAD DEBT EXPENSE 294857 294857 MEMBERSHIPS & SUBSCRIPT 62188 62188 BANK AND CREDIT CARD FE 7236 7236 EQUIPMENT RENTAL 5694 5045 649 7785 557 7228 2998373 409199 2589174 0 1428067 529972 165290 73877 140703 68850 0 0 4267416 0 1067014 747478 7137340 1351327 468072 329615 5000 0 1937746 0 60185 0 2471003 329615 X 3425420 -241088 1240917 1262800 4666337 1021712 7137340 1351327 -3647447 2822 0 X 0 0 0 X 983663 696545 17270 950000 747478 861669 525 157269 35800 983663 751629 50460 92880 33300 861669 845266 11154 -104791 751629 816691 3301 198675 140101 33300 845266 1.00000 0.00000 0.00000 0 0 0 PART V, LINE 4: DURING FISCAL YEAR 2025, GODDARD COLLEGE BORROWED ENDOWMENT FUNDS TO SUPPORT OPERATIONS. THE COLLEGE RECEIVED PERMISSION FROM THE STATE OF VERMONT ATTORNEY GENERAL'S OFFICE TO BORROW FUNDS FROM THE ENDOWMENT. DURING FISCAL YEAR 2025, THE COLLEGE BORROWED A TOTAL OF APPROXIMATELY $950,000 IN ENDOWMENT FUNDS TO PAY FOR OPERATING COSTS WHILE THE COLLEGE PROPERTY WAS IN THE PROCESS OF BEING SOLD. THE COLLEGE REPLENISHED APPROXIMATELY $700,000 OF THE FUNDS BY JUNE 30, 2025, THROUGH THE SALE OF THE PROPERTY, WHICH WAS FINALIZED ON MAY 1, 2025. THE COLLEGE HAS A REMAINING BALANCE DUE BACK TO THE ENDOWMENT OF APPROXIMATELY $250,000 AS OF JUNE 30, 2025, WHICH IT ANTICIPATES REPLENISHING BEFORE DECEMBER 31, 2025. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A RACIAL AND NON-DISCRIMINATION POLICY IS STATED IN ALL BROCHURES, CATALOGS, NEWSPAPER AND MAGAZINE ADS. THE POLICY IS ALSO PUBLICIZED IN STUDENT SOLICITATION MATERIALS. X 1 0 0 0 0 0 0 0 0 DANNY HOCOY PRESIDENT 284070 0 0 0 0 0 0 0 7169 0 291239 0 0 0 TRACY GARRETT FORMER FACULTY TRUSTEE (TO 6/23/24) 38880 0 0 0 9085 0 0 0 3584 0 51549 0 0 0 ALISHA RABY-CEFALO FORMER TRUSTEE (TO 4/1/24) 12915 0 0 0 2906 0 0 0 2151 0 17972 0 0 0 PART I, LINE 4A TRACY GARRETT, FORMER FACULTY TRUSTEE UNTIL JUNE 23, 2024, RECEIVED A SEVERANCE PAYMENT UPON TERMINATION IN THE AMOUNT OF $9,085. THIS PAYMENT IS REPORTED ON SCHEDULE J, PART II, COLUMN BIII AND INCLUDED ON LINE 5 OF PART IX. ALISHA RABY-CEFALO, FORMER TRUSTEE UNTIL APRIL 1, 2024, RECEIVED A SEVERANCE PAYMENT UPON TERMINATION IN THE AMOUNT OF $2,906. THIS PAYMENT IS REPORTED ON SCHEDULE J, PART II, COLUMN BIII. PARCELS AND BUILDINGS LOCATED AT THE FOLLOWING ADDRESSES: 123 PITKIN ROAD, PLAINFIELD, VT; 330 VERMONT ROUTE 214, PLAINFIELD, VT; 42 NORTHWOOD DRIVE, EAST MONTPELIER, VT; 304 GREENWOOD ROAD, MARSHFIELD, VT 2025-05-01 3400000 COMPARABLE SALES EXECUSUITE LLC C/O HUGHES ATWOOD MULLALY LEBANON NH 03766 LLC 0 0 0 0 FORM 990, PART III, LINE 3 THE COLLEGE CEASED RUNNING ACADEMIC SEMESTERS AFTER THE SPRING SEMESTER IN MAY, 2024. THE COLLEGE'S BOARD OF DIRECTORS VOTED TO CEASE OPERATIONS AND CLOSE THE COLLEGE DURING THE YEAR ENDING JUNE 30, 2025. THE PROPERTY WAS SOLD ON MAY 1, 2025. GODDARD COLLEGE PLANS TO FULLY DISSOLVE BEFORE THE END OF CALENDAR YEAR 2025. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE OF THE BOARD REVIEWS FORM 990 AND THE ENTIRE BOARD OF TRUSTEES IS PROVIDED WITH A COPY OF FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO FILL OUT CONFLICT OF INTEREST FORMS ANNUALLY AND THEY ARE DISCUSSED WITH THE ENTIRE BOARD AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES CHAIR APPOINTS A TASK FORCE THAT REVIEWS THE COMPARABLE COMPENSATION OF OTHER INSTITUTIONS, INCLUDING THE DATA FOR PRIVATE COLLEGE PRESIDENTS' COMPENSATION PUBLISHED ANNUALLY IN THE CHRONICLE OF HIGHER EDUCATION, AND RECOMMENDS APPROPRIATE ACTION TO THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.