2021-04-14T11:33:07-05:00 2020-05-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-06-01 237223216 Sarah Lawrence College % BRENT PARKER CONTROLLER SARA 9143952556 1 Mead Way Bronxville NY 10708 BRENT PARKER controller 9143952556 2021-04-14 true Daniel Romano P00504182 2125990100 2019 2022-09-23 18:48:47Z Cristle Collins Judd 1 Mead Way Bronxville NY 107085999 155836545 false X www.sarahlawrence.edu X 1926 NY SARAH LAWRENCE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OFFERING SELECT GRADUATE PROGRAMS ON ITS MAIN CAMPUS IN BRONXVILLE, NY AND 4 UNDERGRADUATE OVERSEAS PROGRAMS. 27 25 1782 366 225350 -18738 11960502 12140078 104384716 100959425 1365605 954582 452969 453064 118163792 114507149 36057993 35953511 0 0 51924047 51762802 0 0 4597805 33014782 29672897 120996822 117389210 -2833030 -2882061 243103825 243768343 89801098 93239170 153302727 150529173 X AT SARAH LAWRENCE COLLEGE, OUR MISSION IS TO GRADUATE CITIZENS OF THE WORLD WHO ARE DIVERSE IN EVERY DEFINITION OF THE WORD, WHO TAKE INTELLECTUAL AND CREATIVE RISKS, AND WHO ARE ABLE TO FOCUS EXCEPTIONAL INTELLECTUAL DISCIPLINE (CONTINUED ON SCHEDULE O) false false 84645356 34511236 77949396 UNDERGRADUATE PROGRAMS: THE FREEDOM TO STEER YOUR OWN EDUCATION HAS ALWAYS BEEN THE BASIS OF SARAH LAWRENCE'S ACADEMIC APPROACH. STUDENTS CREATE A COURSE OF STUDY THAT IS UNIQUELY THEIRS, BENEFITING FROM A 9:1 STUDENT-TO-FACULTY RATIO AND 1:1 CONFERENCES WITH FACULTY. STUDENTS ENGAGE IN A LEVEL OF INTELLECTUAL AND CREATIVE DEVELOPMENT THAT PREPARES THEM FOR A LIFE OF MEANING IN WHATEVER PROFESSIONAL PATHWAYS THEY CHOOSE. OUR 1,292 STUDENTS CAN FOCUS IN ANY OF OUR NEARLY 50 DISCIPLINES ON OUR CAMPUS OR IN OVERSEAS PROGRAMS IN LONDON, OXFORD, PARIS, AND HAVANA. 4796252 1442275 6678495 GRADUATE PROGRAMS: SARAH LAWRENCE COLLEGE OFFERS ITS 214 GRADUATE STUDENTS NINE DISTINCTIVE MASTER'S DEGREE AND VARIOUS NON-DEGREE AND CERTIFICATE PROGRAMS WHICH INCLUDE THE AREAS OF WRITING, THEATRE, WOMEN'S HISTORY, DANCE, CHILD DEVELOPMENT, ART OF TEACHING, HUMAN GENETICS, HEALTH ADVOCACY AND DANCE MOVEMENT THERAPY. 11636768 0 13577153 AUXILIARY ENTERPRISES: SARAH LAWRENCE COLLEGE PROVIDES STUDENTS WITH A WIDE RANGE OF LIVING AND DINING EXPERIENCES. ON-CAMPUS HOUSING FOR 1,140 STUDENTS INCLUDES MANY UNIQUE OPTIONS, FROM CONVERTED HOUSES TO TRADITIONAL SUITE-STYLE RESIDENCE HALLS. SARAH LAWRENCE DINING OPTIONS INCLUDE DINING-HALL, GRAB-AND-GO, AND CAFE STYLE FARE ACROSS A RANGE OF MEAL-PLANS. 622661 0 2754381 Other Programs 622661 0 2754381 101701037 true true false false false false false false false true true true false false true true true false true true true false false false false false false false true true true false false false false false false false false false false true false false false false true true true false false true 334 0 true 1782 true true true true FR IT UK false false false true true false false false false false false X 27 25 false false false false false false false true true false false true true true true true true true true false X BRENT PARKER CONTROLLER 9143952556 1 MEAD WAY Bronxville NY 107085999 Cristle Collins Judd President/Trustee 40.0 0.0 X X 431912 0 178534 Patricia Goldman vP Advancement & External Rel. 40.0 0.0 X 329480 0 63864 Ellen Reynolds assoc. vp advc. (thru 10/2019) 40.0 0.0 X 275720 0 30507 Stephen Schafer VP Finance & Operations 40.0 0.0 X 273327 0 30751 Kanwal Singh Provost & Dean of Faculty 40.0 0.0 X 245178 0 57706 Thomas Blum VP Administration 40.0 0.0 X 184780 0 74352 Allen Green Dean of Equity and Inclusion 40.0 0.0 X 200893 0 32532 Brent Parker Controller 40.0 0.0 X 170080 0 55995 Jerrilynn Dodds Faculty 40.0 0.0 X 181999 0 30693 Kevin McKenna VP Admissions 40.0 0.0 X 186935 0 16074 Brian Morton Faculty/Trustee (THRU 06/2019) 40.0 0.0 X 101870 0 48845 ELIZABETH JOHNSON faculty/Trustee(as of 06/2019) 40.0 0.0 X 98835 0 47216 Mark Goodman Chair of the Board 2.0 0.0 X X 0 0 0 Meryl Rosen trustee/v chair(As of 06/2019) 2.0 0.0 X X 0 0 0 David Dull Vice Chairperson 2.0 0.0 X X 0 0 0 Tracei Gorelick Akarlilar Trustee (as of 06/2019) 1.0 0.0 X 0 0 0 Winifred Bonebrake Trustee 1.0 0.0 X 0 0 0 Diana Sandigo Cabrera Trustee 1.0 0.0 X 0 0 0 Kim Cassidy Trustee 1.0 0.0 X 0 0 0 Nancie Cooper Trustee 1.0 0.0 X 0 0 0 Laura Donnelley Trustee 1.0 0.0 X 0 0 0 Vicki Ford Trustee 1.0 0.0 X 0 0 0 William Goetzmann Trustee 1.0 0.0 X 0 0 0 Sarah Gray Gund Trustee 1.0 0.0 X 0 0 0 Marilynn Hill Trustee 1.0 0.0 X 0 0 0 John Lawrence Hodson Trustee 1.0 0.0 X 0 0 0 Gregg Horowitz Trustee 1.0 0.0 X 0 0 0 Karen Grieb Inal Trustee (as of 06/2019) 1.0 0.0 X 0 0 0 Clarion Johnson Trustee 1.0 0.0 X 0 0 0 Nancy Montgomery Trustee 1.0 0.0 X 0 0 0 Tracey Riese Trustee 1.0 0.0 X 0 0 0 Claire Rodman Trustee 1.0 0.0 X 0 0 0 Michael Stutzman Trustee 1.0 0.0 X 0 0 0 MICHAEL Untermeyer Trustee (as of 06/2019) 1.0 0.0 X 0 0 0 Peter van Dijk Trustee 1.0 0.0 X 0 0 0 Shanlon Wu Trustee 1.0 0.0 X 0 0 0 Rachel Zebrowski Trustee 1.0 0.0 X 0 0 0 2681009 0 667069 89 true true false Consigli Construction NY LLC 199 West Road Street PLEASANT VALLEY NY 12569 Construction 18232536 AVI FRESH-FOOD SERVICE 2920 ELM ROAD NORTH EAST WARREN OH 44483 FOOD SERVICE 5262218 ABM JANITORIAL SERVICES 40 SAW MILL RIVER ROAD HAWTHORNE NY 10532 JANITORAL 1076807 FLORA LANDSCAPES LTD PO BOX 654 BRONXVILLE NY 10704 LANDSCAPING 726556 KSS ARCHITECTS LLP 337 WITHERSPOON STREET PRINCETON NJ 08542 ARCHITECTS 471484 45 1280974 10859104 607520 12140078 UNDERGRADUATE TUITION AND FEES 611600 78405926 78405926 0 0 AUXILIARY ENTERPRISES 611710 13577153 13577153 0 0 GRADUATE TUITION AND FEES 611600 6221965 6221965 0 0 OTHER EDUCATION PROGRAMS 611600 2754381 2754381 0 0 100959425 184035 93853 90182 0 0 453064 453064 0 453064 453064 42099943 41329396 770547 770547 131497 639050 0 0 0 0 0 0 0 0 0 0 114507149 100959425 225350 1182296 0 35953511 35953511 0 0 2154475 660134 1494341 0 36550863 30578382 3194500 2777981 1965120 1699627 107871 157622 8435343 7056992 737238 641113 2657001 2222842 232219 201940 0 232535 7629 224906 175346 175346 0 0 150340 150340 1574505 658697 846698 69110 965031 77061 855704 32266 2078421 1699183 233230 146008 1355704 350650 836970 168084 0 2195249 2045848 139526 9875 1482085 1055848 135426 290811 0 185884 132143 36623 17118 2012421 1829300 171751 11370 0 4147433 3770035 353979 23419 743514 17850 725664 FOREIGN PROGRAM COSTS 4090290 4090290 0 0 CONTRACTED FOOD SERVICE COST 3514409 3514409 0 0 HOUSEKEEPING & MAINTENANCE 2412826 2180448 218286 14092 BUILDING REPAIR & RENOVATION 748576 637090 107840 3646 1608328 1463068 111910 33350 117389210 101701037 11090368 4597805 0 0 3775797 3526731 9377422 6294980 419656 333730 0 0 0 0 596622 493871 0 0 1167258 2683505 182450207 65931507 110007558 116518700 1362683 982175 113591722 110169741 0 0 0 0 2805107 2764910 243103825 243768343 14310939 10444959 0 0 3986032 4510461 41248822 41265450 0 0 0 0 9717065 13222033 11000000 13977245 9538240 9819022 89801098 93239170 X 39854605 48298552 113448122 102230621 153302727 150529173 243103825 243768343 X -2882061 845535 -737028 X false true X true true true X 7592156 28206516 9520182 11949502 12140078 69408434 0 0 7592156 28206516 9520182 11949502 12140078 69408434 11046069 58362365 1493518 1563576 1671309 1561683 637099 6927185 64611 34 0 0 0 64645 0 0 76400264 491862567 0.76390 0.66714 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112749765 2112580 1800118 5300000 1869926 150340 109342197 113750536 3398686 3207387 4692749 2783071 131024 112749765 105236499 3275201 10279312 2236082 2688628 115766 113750536 89955309 10331504 11365567 3344805 2969601 101475 105236499 91180191 8768620 -1151771 5928257 2809849 103625 89955309 0.15910 0.71200 0.12890 false false 7635393 7635393 156564342 54725146 101839196 16202076 11206361 4995715 2048396 2048396 116518700 FIXED INCOME FUNDS 5977930 F GLOBAL EQUITY FUNDS 61119541 F HEDGED EQUITIES FUNDS 12349888 F REAL ASSETS FUNDS 2225568 F PRIVATE EQUITY & VENTURE FUNDS 26402040 F LT SPLIT-INTEREST INVESTMENTS 1510301 F CASH IN SPLIT-INTEREST AGREEMT 584473 F 110169741 0 POSTRETIREMENT HEALTH BENEFIT OBLIG. 6606062 ANNUITIES PAYABLE 1735322 US GOV'T GRANTS REFUNDABLE 750279 COND. ASSET RETIREMENT OBLIGATION 727359 9819022 X 78511805 845535 -737028 108507 78403298 150340 35953511 36103851 114507149 81285359 81285359 150340 35953511 36103851 117389210 ENDOWMENT FUNDS PART V LINE 4 THE COLLEGE'S USE OF THE ENDOWMENT FUNDS IS FOR ACADEMIC PROGRAMS, LIBRARY ACQUISITIONS, SCHOLARSHIPS AND FELLOWSHIPS, FACULTY SALARIES AND OTHER DESIGNATED PURPOSES. FIN 48 SCHEDULE D, PART X, LINE 2 The College follows the FASBs accounting guidance Topic 740, Accounting for Uncertainty in Income Taxes, which clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. To the best of our knowledge, the College does not have any uncertain tax positions. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The College is exempt from income tax under Internal Revenue code ("code") section 501(c)(3), though it is subject to tax on income unrelated to its exempt purposes, unless that income is otherwise excluded by the Code. RECONCILIATION OF REVENUE PART XI LINE 2D POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC BENEFIT COST ($696,830) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS ($40,198) ----------- TOTAL LINE 2D ($737,028) =========== PART XI LINE 4B SCHOLARSHIPS AND FELLOWSHIPS $35,953,511 RECONCILIATION OF EXPENSES PART XII LINE 4B SCHOLARSHIPS AND FELLOWSHIPS $35,953,511 true true true true true true true false false false false false false false false true false true NON-DISCRIMINATORY POLICY SCHEDULE E PART I LINE 3 NON-DISCRIMINATORY POLICY REGARDING STUDENT ADMISSIONS AND EMPLOYMENT POLICIES IS ON THE COLLEGE'S WEBSITE AT WWW.SARAHLAWRENCE.EDU. NON-DISCRIMINATORY POLICY is ALSO PRINTED IN STUDENTS' ADMISSIONS APPLICATION, STUDENTS' HANDBOOK, and COLLEGE CATALOGUE. FINANCIAL AID OR ASSISTANCE FROM GOVERNMENT AGENCY SCHEDULE E, PART I, LINE 6A FEDERAL CAMPUS-BASED STUDENT AID FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION. THE COLLEGE ALSO RECEIVES FUNDS FROM VARIOUS AGENCIES AS RESEARCH AND TRAINING GRANTS. Europe (Including Iceland and Greenland) 2 5 Program Services Undergrad Education 3677259 Central America and the Caribbean 0 2 Program Services Undergrad Education 242806 East Asia and the Pacific 0 0 Program Services Undergrad Education 170225 2 7 2 7 4090290 4090290 true false true true true false SCHEDULE F, PART I, LINE 3, COLUMN F THE PROGRAMMATIC EXPENDITURES REPORTED IN PART 1 REPRESENT DIRECT EXPENDITURES INCURRED ON THE ACCRUAL BASIS ASSOCIATED WITH THE COLLEGE'S STUDY ABROAD PROGRAMS IN ENGLAND, FRANCE, AND CUBA. THE AMOUNTS REPORTED ON PART I ARE IDENTIFIED ON A REASONABLE EFFORTS BASIS WHERE SUCH ACTIVITIES WERE NOT TRACKED SEPARATELY UNDER THE COLLEGE'S ACCOUNTING PROCEDURES. SCHEDULE F, PART IV SARAH LAWRENCE 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 INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. true SCHOLARSHIPS & FELLOWSHIPS TO ELIGIBLE STUDENTS 2715 35953511 0 SUPPLEMENTAL INFORMATION SCHEDULE I, PART III A LIST OF RECIPIENTS OF SCHOLARSHIPS IS ON FILE AT THE COLLEGE. THE RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE COLLEGE'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS ESTABLISHED BY THE COLLEGE COMMITTEES THAT JUDGE THE APPLICANTS. THE COLLEGE HAS PROCEDURES THAT ARE DESIGNED TO ENSURE THAT INDIVIDUALS FROM THE COLLEGE QUALIFY TO RECEIVE PAYMENTS. THE COLLEGE'S FINANCIAL AID OFFICE ENSURES THAT GRANTS AND AWARDS ARE IN COMPLIANCE WITH PROCEDURES ESTABLISHED BY THE COLLEGE. X X X true true X X X true true false false false false false true false Cristle Collins Judd President/Trustee 418649 0 0 0 13263 0 36174 0 142740 0 610826 0 0 0 Brian Morton Faculty/Trustee (THRU 06/2019) 101870 0 0 0 0 0 9025 0 40200 0 151095 0 0 0 Brent Parker Controller 170080 0 0 0 0 0 15553 0 40822 0 226455 0 0 0 Stephen Schafer VP Finance & Operations 273327 0 0 0 0 0 23264 0 7867 0 304458 0 0 0 Kanwal Singh Provost & Dean of Faculty 245178 0 0 0 0 0 21417 0 36669 0 303264 0 0 0 Ellen Reynolds assoc. vp advc. (thru 10/2019) 169884 0 0 0 105836 0 14440 0 16384 0 306544 0 0 0 Thomas Blum VP Administration 184780 0 0 0 0 0 15946 0 58786 0 259512 0 0 0 Jerrilynn Dodds Faculty 181999 0 0 0 0 0 15898 0 15175 0 213072 0 0 0 Allen Green Dean of Equity and Inclusion 180893 0 20000 0 0 0 15027 0 17886 0 233806 0 0 0 Kevin McKenna VP Admissions 186935 0 0 0 0 0 15964 0 491 0 203390 0 0 0 Patricia Goldman vP Advancement & External Rel. 317322 0 0 0 12158 0 27216 0 37028 0 393724 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE FOR RESIDENCE OR PERSONAL USE IN 2019 THE COLLEGE HOUSED THE PRESIDENT (CRISTLE COLLINS JUDD). THIS HOUSING IS REQUIRED BY THE NATURE OF tHE POSITION AND IS A CONDITION OF EMPLOYMENT. THE AMOUNT HAS BEEN REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN(D) AND TOTALED $99,552. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS AP Advancement & External RelATIONS, PATRICIA GOLDMAN, RECEIVED A GROSS-UP PAYMENT To cover taxes on a tuition benefit that was provided outside of the regular terms of the benefit program. This arrangement was negotiated at her time of hire. THE AMOUNT HAS BEEN REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN B(III) AND TOTALED $2,158. PERSONAL SERVICES THE PRESIDENT'S HOUSE SERVES NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY COLLEGE EVENTS AND THE COLLEGE PROVIDES STAFF TO MAINTAIN THE HOME. THESE INCIDENTAL COSTS ARE NOT DEEMED TAXABLE TO THE PRESIDENT. SCHEDULE J, PART I, LINE 4 Associate VP of advancement, Ellen Reynolds, received a severance payment of $74,000 during calendar year 2019. This amount is included in FORM 990, schedule j, part ii, column b(iii). SCHEDULE J, PART I, LINE 7 IN 2019, THE COLLEGE MADE A NONFIXED PAYMENT TO THE DEAN OF EQUITY & INCLUSION. THIS WAS A ONE-TIME LUMP SUM BONUS RELATED TO RETIREMENT FROM THE COLLEGE. A Westchester County Local Development Corp 455135576 95737TCT1 2016-09-28 44342586 refund $42,095,0000 Yonkers IDA false false false A 0 0 44342586 0 0 0 684950 0 0 0 43657636 0 2016 false true true true A false false true true false 0 false false false true A false true false false false false 0 false 0 false true A true FORM 990, SCHEDULE K, PART IV, LINE 2C FOR CUSIP 95737TCT1, THE FIRST REBATE computation IS NOT DUE UNTIL 9/28/2021. X 30 607520 Fair Market Value false true false PART I, COLUMN B THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. GENERAL EXPLANATORY STATEMENT REGARDING THE COVID-19 IMPACT ON THE COLLEGE The outbreak of COVID-19 resulted in the disruption of activities and historically routine practices across numerous sectors of the global economy. The College, similar to other institutions of higher education, continues to navigate through the resulting challenges. As the impact of the pandemic took shape in late February 2020, the College responded quickly to establish a COVID-19 response team to lead efforts in support of the health and safety of all members of its campus. In April, the College formed the Post-Pandemic Planning (PPP) Task Force of faculty and staff to test and challenge models for moving forward in a manner that will maintain its respected reputation in higher education and to generate innovative ideas and strategies for the College to pursue, drawing on the breadth of experiences of the members. In addition, the College formed a separate Campus Restoration Team to advise on specific options and related logistics for returning to a limited range of in-person activities for the fall 2020 semester. COVID-19 accelerated many of the plans that were already underway to further diversify the Colleges revenue opportunities, thereby reducing reliance on undergraduate tuition. Together, the teams outlined above have worked together to respond to the challenges presented by COVID, shaping new initiatives and creating extensive resources on the Colleges website. As of March 23, 2020, among the Colleges actions in response to COVID-19, almost all students returned home, and the College moved to remote learning for the remainder of the spring 2020 semester. The College immediately refunded prorated charges for rooms and meal plans along with graduation fees (a total of $4,008,426). At the same time, the College moved to reduce contracted expenses, implemented a freeze on new hires, and directed all parts of the College to forego non-essential expenditures. Additional actions include difficult decisions to layoff and furlough positions whose roles were not critical to support remote functions, a salary reduction for the Colleges highest paid employees, a suspension of the Colleges contribution to employee retirement accounts, and a suspension of planned increases to faculty and staff salaries. The College received $944,456 in funding under the Coronavirus Aid, Relief, and Economic Security (CARES) Act Higher Education Emergency Relief Fund, which helped provide emergency financial aid grants and fee reductions to its students. During the year ended May 31, 2020, $242,425 of such funding was disbursed to qualifying students, and $242,425 of such funding was used to reimburse the College for qualifying institutional expenditures incurred as a result of the change to a virtual learning environment during the spring 2020 semester. While the duration of the effects of the COVID-19 pandemic remain unknown, the Colleges plan for opening in the fall 2020 reflects strict adherence to New York State executive orders, agency guidance and protocols as well as careful consideration of location and the physical attributes of the campus to ensure a continuity in the core elements of the Colleges educational mission. Guided by the twin priorities of safeguarding the health and wellness of the community and its fundamental commitment to provide an excellent and equitable education, the College is planning to return to campus in fall of 2020 with a reduced population of on-campus faculty and staff, as well as fewer students in residence. The College is planning to offer a mix of in-person and online instruction and will keep a strict adherence to a set of safety protocols. The College is preparing various operational modifications involving living spaces, dining halls, classrooms, libraries, offices, and other shared spaces as it transitions back to campus, all of which will be in compliance with applicable Federal, State, County and local requirements. The comprehensive impact on the College of the COVID-19 pandemic is difficult to forecast due to its dynamic nature and rapidly evolving effects. The College is continuing to monitor the situation and is prepared to react to additional recommendations or directives that may be taken by the federal government, New York State, Westchester County, and City of Yonkers authorities to contain or mitigate future propagation of the virus. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION (CONTINUED) WITHIN A FRAMEWORK OF HUMANISTIC VALUES AND CONCERN FOR COMMUNITY. OUR UNIQUE EDUCATIONAL PRACTICES, INCLUDING UNPARALLELED TIME WITH FACULTY, AIM AT PREPARING THE WHOLE STUDENT TO SOLVE PROBLEMS IN NEW WAYS, TO CROSS DISCIPLINARY BOUNDARIES, AND TO THINK AND ACT INDEPENDENTLY AS THEY BECOME PROTAGONISTS ON THE WORLD STAGE. FORM 990, PART III, LINE 4D OTHER PROGRAMS OTHER EDUCATIONAL PROGRAMS CONSISTING OF NON-CREDIT CONTINUING EDUCATION PROGRAMS, SPECIAL NON-CREDIT COURSES FOR ADULTS, (LANGUAGE, PHOTOGRAPHY, SWIMMING AND FITNESS, ETC.), WRITING INSTITUTE CLASSES, CERTIFICATE COURSES, AND EARLY CHILDHOOD PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE COLLEGE'S CONTROLLER'S OFFICE. A DRAFT OF THE 990 WAS SENT TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD TO REVIEW. A FINAL COMPLETE COPY OF THE 990 WAS PLACED ON THE COLLEGE'S PASSWORD-PROTECTED TRUSTEE PAGE FOR REVIEW BY EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE SECRETARY OF THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY. ANNUALLY, THE TRUSTEES ARE SENT THE COLLEGE'S CONFLICT OF INTEREST POLICY BY THE SECRETARY OF THE BOARD. COMPLIANCE IS ACKNOWLEDGED BY SIGNATURE AND RETURN OF THE SIGNED STATEMENT. AT THE SAME TIME, A DISCLOSURE STATEMENT IS COMPLETED IN ORDER TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST WITH THE COLLEGE. THE POLICY REQUIRES DISCLOSURE OF ALL POTENTIAL CONFLICTS OF INTEREST TO THE SECRETARY, OR CHAIR OF THE BOARD, AS SOON AS POSSIBLE AFTER THE TRUSTEE LEARNS OF THE CONFLICT. ALL DISCLOSED POTENTIAL CONFLICTS OF INTEREST ARE PRESENTED TO THE BOARD WITH THE MATERIAL FACTS FOR DISCUSSION AND DECISION FOR APPROVAL. THE BOARD SETS FORTH ITS BASIS IN THE MINUTES OF THE MEETING IN WHICH THE DECISION WAS MADE. FORM 990, PART VI, SECTION B, LINES 15A AND 15B DETERMINING COMPENSATION FOR OFFICERS/senior staff AND KEY EMPLOYEES THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT TRUSTEES, MEETS ANNUALLY TO DETERMINE THE COMPENSATION OF THE PRESIDENT, THE FACULTY TRUSTEE, AND OTHER OFFICERS/senior staff WHO ARE NOT TRUSTEES. THE DIRECTOR OF HUMAN RESOURCES PROVIDES DATA TO THE EXECUTIVE COMMITTEE AT THE END OF EACH ACADEMIC YEAR TO PRESENT OBJECTIVE COMPARATIVE INFORMATION ON ALL OFFICERS OF THE COLLEGE. DATA IS COLLECTED FROM 2 SETS OF OBJECTIVE COMPARATIVE PEER GROUPS. THE PRESIDENT PRESENTS TO THE COMMITTEE THE ANNUAL EVALUATION AND SALARY RECOMMENDATION FOR EACH OFFICER FOR THE FOLLOWING ACADEMIC YEAR. THE COMMITTEE APPROVES THE NEW SALARIES. THE COMMITTEE DETERMINES AND APPROVES THE PRESIDENT'S SALARY. THE DETERMINATION IS DOCUMENTED IN THE CONTEMPORANEOUS MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN ON JUNE 25, 2020. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS, POLICY, AND FINANCIALS THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE COLLEGE'S WEBSITE. THE COLLEGE'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE BY REQUEST AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC BENEFIT COST ($696,830) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS ($40,198) ---------- TOTAL LINE 2D ($737,028) ========== Sarah Lawrence at Oxford Wadham College Oxford England UK OX1 3PN Education UK SLC true Charitable Remainder Trusts (12) N/A NA true false false false false false false false false false false false false false false false true false false false SARAH LAWRENCE AT OXFORD P 1079724 COST SCHEDULE R PART II LINE (1) AND PART V LINE (2) RELATED ORGANIZATIONS SARAH LAWRENCE COLLEGE OPERATES SEVERAL EDUCATIONAL PROGRAMS OUTSIDE THE UNITED STATES. THE PROGRAM IN OXFORD, ENGLAND REQUIRED THE COLLEGE TO SET UP A SEPARATE LEGAL ENTITY. THE ENTITY IS LISTED IN SCHEDULE R OF FORM 990, AS REQUIRED. THE PROGRAM AND FINANCIAL INFORMATION CONTAINED IN THIS FORM 990 INCLUDES THE ACTIVITY OF THE SARAH LAWRENCE AT OXFORD PROGRAM SINCE THE OPERATIONS ARE CONDUCTED AS A PROGRAM OF THE COLLEGE, AND IS NOT EASILY SEPARABLE.