2021-05-14T09:15:44-05:00 2020-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2019-07-01 060646587 CONNECTICUT COLLEGE % CONTROLLER'S OFFICE CONN 8604392088 270 MOHEGAN AVENUE NEW LONDON CT 063204196 RICHARD A MADONNA JR VP FINANCE & ADMIN 2021-05-13 true SMITA BALIGA P01643271 6179881000 2021-05-13 2019 2022-09-23 18:48:47Z RICHARD A MADONNA JR 270 MOHEGAN AVENUE NEW LONDON CT 06320 194683000 false X WWW.CONNCOLL.EDU X 1911 CT CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION, SEE SCHEDULE O. 38 37 2217 1270 82000 0 21513000 15560000 128800000 131796000 6621000 4925000 521000 415000 157455000 152696000 44169000 51624000 0 0 67699000 69190000 0 0 6342000 45872000 43104000 157740000 163918000 -285000 -11222000 520395000 512927000 113973000 112346000 406422000 400581000 X CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION, SEE SCHEDULE O. false false 106598000 51527000 98091000 *UNDERGRADUATE INSTRUCTION* THE TEACHING OF UNDERGRADUATE STUDENTS WORKING TOWARDS A FOUR-YEAR DEGREE IN ONE OF THE VARIOUS LIBERAL ARTS AND SCIENCES MAJORS OFFERED BY CONNECTICUT COLLEGE. THE COLLEGE'S ACADEMIC PROGRAMS IN THE ARTS, HUMANITIES, SCIENCES, AND SOCIAL SCIENCES ARE DESIGNED TO SHAPE ETHICAL, INFORMED CITIZENS WITH A GLOBAL PERSPECTIVE. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A STUDENT-FACULTY RATIO OF 9:1, FORTY-EIGHT MAJORS, 200 FULL-TIME PROFESSORS, LANGUAGE STUDY, RESIDENTIAL EDUCATION PROGRAMS, CERTIFICATE PROGRAMS, PRE-LAW, PRE-HEALTH AND PRE-BUSINESS PROGRAMS, AND SUPPORT FOR PURSUING FELLOWSHIPS AND SCHOLARSHIPS. 20414000 23457000 *AUXILIARY SERVICES* AUXILIARY SERVICES INVOLVES RUNNING THE COLLEGE'S NUMEROUS DORMITORIES AND DINING FACILITIES. CONNECTICUT COLLEGE IS A RESIDENTIAL CAMPUS. NINETY-EIGHT PERCENT OF STUDENTS LIVE ON CAMPUS IN 23 RESIDENCE HALLS. FOUR DINING HALLS ON CAMPUS SERVE OUR STUDENTS IN A VARIETY OF CAPACITIES. THE COLLEGE EXTENDS THE TEACHING AND LEARNING EXPERIENCE WITHIN THE DORMITORIES. 4558000 97000 6823000 *STUDY AWAY* IS AN OPPORTUNITY FOR QUALIFIED STUDENTS TO STUDY AWAY FOR CREDIT ABROAD OR ELSEWHERE IN THE US. THE COLLEGE HAS A LONG TRADITION OF RECOGNIZING THE IMPORTANCE OF INT'L STUDIES AND STUDY AWAY AS REFLECTED IN OUR MISSION STATEMENT: "CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY". APPROXIMATELY 50% OF THE COLLEGE'S STUDENTS STUDY AWAY DURING THEIR JUNIOR YEAR THROUGH CAREFULLY SELECTED PROGRAMS. OUR STUDY AWAY/TEACH AWAY SENDS 10-12 STUDENTS AND FACULTY TO HOST INSTITUTIONS THROUGHOUT THE WORLD TO COMPLETE A FULL SEMESTER OF SCHOLARLY ACTIVITY WHILE BEING IMMERSED IN THE LOCAL CULTURE. 3211000 3425000 OTHER PROGRAM SERVICES 3211000 3425000 134781000 true true false true false false false true false true true true false false true true true false true true true false true 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 396 0 true 2217 true true true false false false false false false false false false false false X 38 37 false false false false false false false true true false false false true true true true true true true true true CT NY X CONTROLLER'S OFFICE 8604392081 270 MOHEGAN AVENUE NEW LONDON CT 063204196 KATHERINE BERGERON PRESIDENT 38.0 0.0 X X 629728 0 98281 Richard A Madonna JR VP for finance and admin 38.0 0.0 X 293362 0 61832 Kimberly M Verstandig VP Advancement 38.0 0.0 X 260145 0 64897 Jeffrey E Cole Dean of Faculty 38.0 0.0 X 221083 0 60274 Wendell L Hisle VP Information Services 38.0 0.0 X 187592 0 75016 Cheryl Miller VP For HR and Org Dev 38.0 0.0 X 170183 0 56086 Pamela Dumas Serfas VP Communications 38.0 0.0 X 191163 0 34478 Andrew K Strickler VP Admissions 38.0 0.0 X 182186 0 32571 Jefferson A Singer Dean of the College 38.0 0.0 X 172795 0 17929 BONNIE J WELLS SECRETARY OF THE COLLEGE 38.0 0.0 X 80530 0 20442 NICHOLE A ABRAHAM TRUSTEE 1.0 0.0 X 0 0 0 DEBO P ADEGBILE TRUSTEE 1.0 0.0 X 0 0 0 SETH ALVORD TRUSTEE 1.0 0.0 X 0 0 0 BETTY BROWN BIBBENS TRUSTEE 1.0 0.0 X 0 0 0 MARIA WYCOFF BOYCE TRUSTEE 1.0 0.0 X 0 0 0 BRADFORD T BROWN TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN COHEN TRUSTEE 1.0 0.0 X 0 0 0 LYNN COOLEY TRUSTEE 1.0 0.0 X 0 0 0 LOULIE SUTRO CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 T WILSON EGLIN TRUSTEE 1.0 0.0 X 0 0 0 SARAH FENTON TRUSTEE 1.0 0.0 X 0 0 0 DEFRED G FOLTS III TRUSTEE 1.0 0.0 X 0 0 0 CARLOS GARCIA TRUSTEE 1.0 0.0 X 0 0 0 GREGORY J GIGLIOTTI TRUSTEE 1.0 0.0 X 0 0 0 ROB HALE TRUSTEE 1.0 0.0 X 0 0 0 MARK IGER TRUSTEE 1.0 0.0 X 0 0 0 STEVEN W JACOBSON TRUSTEE 1.0 0.0 X 0 0 0 ERIC KAPLAN TRUSTEE 1.0 0.0 X 0 0 0 MARTHA JOYNT KUMAR TRUSTEE 1.0 0.0 X 0 0 0 JOHN D LINEHAN TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN D MCBRIDE TRUSTEE 1.0 0.0 X 0 0 0 LAURIE NORTON MOFFATT TRUSTEE 1.0 0.0 X 0 0 0 EVAN PIEKARA TRUSTEE 1.0 0.0 X 0 0 0 SHARIS POZEN TRUSTEE 1.0 0.0 X 0 0 0 LESLIE ROSEN TRUSTEE 1.0 0.0 X 0 0 0 PAOLO SANCHEZ TRUSTEE 1.0 0.0 X 0 0 0 ANNIE M SCOTT TRUSTEE 1.0 0.0 X 0 0 0 PETER SKAPERDAS TRUSTEE 1.0 0.0 X 0 0 0 DWAYNE C STALLINGS TRUSTEE 1.0 0.0 X 0 0 0 SHYANNE T TEMPLE TRUSTEE 1.0 0.0 X 0 0 0 MAURICE TINER TRUSTEE 1.0 0.0 X 0 0 0 RAJNEESH VIG TRUSTEE 1.0 0.0 X 0 0 0 ERIC J WALDMAN TRUSTEE 1.0 0.0 X 0 0 0 CYNTHIA KOSSMAN WILKINSON TRUSTEE 1.0 0.0 X 0 0 0 LESLIE E WONG TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY E YARBORO TRUSTEE 1.0 0.0 X 0 0 0 PAMELA D ZILLY TRUSTEE 1.0 0.0 X 0 0 0 2388767 0 521806 63 false true false CROCKER ARCHITECTURAL SHEET METAL C 129 SOUTHBRIDGE ROAD NORTH OXFORD MA 01537 ARCHITECT FIRM 1310000 ENNEAD ARCHITECTS LLP 1 WORLD TRADE CENTER 40TH FLOOR NEW YORK NY 10007 ARCHITECT FIRM 1284000 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02210 INVESTMENT ADVISORS 617000 THE FULCRUM GROUP 80 BROAD STREET SUITE 1601 NEW YORK NY 10004 CONSULTANTS 614000 CLOUD FOR GOOD LLC 1854A HENDERSONVILLE ROAD 252 ASHEVILLE NC 28263 CONSULTANTS 582000 13 15560000 6946000 15560000 TUITION 611710 98091000 98091000 ROOM AND BOARD, AUX. SERVICES 721310 23457000 23457000 STUDY AWAY 611710 6823000 6823000 OTHER PROGRAM SERVICE REVENUE 900099 1377000 1373000 4000 GRANT AND CONTRACT INCOME 900099 1818000 1818000 230000 216000 14000 131796000 1155000 40000 1115000 0 0 224000 220000 4000 0 4000 4000 30238000 15299000 26577000 15190000 3661000 109000 3770000 24000 3746000 0 0 0 0 0 0 0 0 0 SNACK SHOP REVENUE 713940 340000 340000 BOOKSTORE 451211 71000 71000 411000 152696000 131778000 82000 5276000 0 51527000 51527000 97000 97000 0 1702000 610000 997000 95000 0 49443000 38348000 8146000 2949000 3841000 2957000 538000 346000 10593000 7098000 2954000 541000 3611000 2780000 506000 325000 0 191000 191000 233000 233000 0 0 4075000 4075000 2674000 1824000 460000 390000 55000 25000 29000 1000 1055000 656000 163000 236000 786000 291000 495000 12000 12000 11994000 11994000 1268000 1115000 66000 87000 0 496000 73000 363000 60000 3496000 2163000 1333000 0 8239000 6171000 907000 1161000 1634000 932000 702000 STUDY AWAY PROGRAMS 4322000 4322000 BOOKS AND PERIODICALS 1283000 1280000 3000 LICENSES, FEES, AND PERMITS 272000 83000 155000 34000 MEMBERSHIPS 250000 114000 131000 5000 769000 309000 348000 112000 163918000 134781000 22795000 6342000 22000 22000 40802000 41003000 26663000 22239000 473000 1341000 0 0 0 0 772000 578000 298000 349000 851000 627000 294085000 187996000 105625000 106089000 187588000 187780000 136862000 137679000 0 0 0 0 20439000 15220000 520395000 512927000 19889000 19222000 0 0 1577000 2961000 86870000 85110000 0 0 0 0 0 0 0 0 5637000 5053000 113973000 112346000 X 67209000 63593000 339213000 336988000 406422000 400581000 520395000 512927000 X -11222000 5849000 -468000 X false true X true true true X 10954000 11310000 43670000 21513000 15560000 103007000 0 0 10954000 11310000 43670000 21513000 15560000 103007000 20042106 82964894 4481000 8727000 2143000 2507000 2035000 19893000 81000 81000 499000 483000 473000 518000 411000 2384000 125365000 623078000 0.66179 0.55722 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true PART II-B, LINE 1, LOBBYING ACTIVITIES: THE COLLEGE MAKES PAYMENTS TO VARIOUS ORGANIZATIONS, SOME PORTION OF WHICH MAY BE USED IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. X X X false 313510000 12094000 5425000 7256000 7503000 316270000 305663000 5429000 16466000 6981000 7067000 313510000 290537000 6737000 21803000 6617000 6797000 305663000 265013000 3179000 34455000 6379000 5731000 290537000 274617000 6613000 -6297000 6080000 3840000 265013000 0.18000 0.54000 0.28000 true true true 1080000 1080000 209656000 123818000 85838000 54948000 50532000 4416000 28401000 13646000 14755000 106089000 PRIVATE EQUITY 16718000 F VENTURE CAPITAL 29081000 F HEDGE FUNDS 72627000 F INFLATION HEDGING 10141000 F DISTRESSED DEBT 5277000 F SPLIT INTEREST AGREEMENT 3835000 F 137679000 0 OBLIGATIONS - CAPITAL LEASE 432000 AGREEMENTS 4091000 FOR STUDENT LOANS 530000 5053000 X 101634000 5849000 5849000 95785000 4075000 52836000 56911000 152696000 107475000 220000 220000 107255000 4075000 52588000 56663000 163918000 PART III, LINE 1A: SFAS116 (ASC958) FOOTNOTE LIBRARY AND ART COLLECTIONS ARE NOT RECOGNIZED IN ASSETS ON THE BALANCE SHEET. PURCHASES OF SUCH COLLECTIONS ARE RECORDED AS DECREASES IN NET ASSETS IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. PART III, LINE 4: ORGANIZATION'S COLLECTIONS THE CHARLES E. SHAIN LIBRARY HOLDS APPROXIMATELY 300 PIECES OF ART, AS WELL AS 25,000 RARE BOOKS AND 1,300 LINEAR FEET OF MANUSCRIPTS, PHOTOGRAPHS, AND OTHER ARCHIVAL MATERIAL. MOST OF THE ART COLLECTIONS CONSIST OF 20TH CENTURY CHINESE PAINTINGS AND JAPANESE PRINTS. THERE IS ALSO A NUMBER OF CONTEMPORARY OIL PAINTINGS ON CANVAS BY COLLEGE FACULTY AND THREE BY THE FRENCH ARTIST LEON BRUNET. BOOKS AND ARCHIVAL MATERIALS ARE ROUTINELY USED IN CLASSROOM INSTRUCTION AS WELL AS FOR STUDENT PROJECTS. ARTWORK IS USED FOR OCCASIONAL CLASSROOM INSTRUCTION AND IS ROTATED THROUGH THE EXHIBIT SPACE IN THE CHARLES CHU ASIAN ART READING ROOM. THE CONNECTICUT COLLEGE ARBORETUM IS 750 ACRES OWNED BY CONNECTICUT COLLEGE AND OPERATED FOR THE BENEFIT OF THE COLLEGE AND THE COMMUNITY. THE ARBORETUM FUNCTIONS IN SUPPORT OF THE COLLEGE'S MISSION BY HELPING TO PREPARE MEN AND WOMEN FOR A LIFETIME OF LEARNING ABOUT AND INTERACTING WITH THE NATURAL WORLD. THIS IS ACCOMPLISHED BY PROVIDING AN OUTDOOR LABORATORY FOR USE BY FACULTY AND STUDENTS TO SUPPORT AND CONDUCT RESEARCH IN A BROAD RANGE OF SUBJECTS, INCLUDING ECOLOGY, FIELD BIOLOGY, CONSERVATION, AND NATURAL HISTORY. THE ARBORETUM PROVIDES STEWARDSHIP OF COLLEGE LANDS BY PROTECTING, SUSTAINING AND ENHANCING BIOLOGICAL DIVERSITY OF LARGE TRACTS OF OPEN SPACE, AND PROVIDES LEADERSHIP STATEWIDE AND BEYOND IN CONSERVATION MATTERS. PART OF THE ARBORETUM'S MISSION IS TO MAINTAIN, DEVELOP, AND INTERPRET WELL-DOCUMENTED PLANT COLLECTIONS FOR TEACHING, RESEARCH, PUBLIC EDUCATION, AND ENJOYMENT, AND TO PROVIDE A PLACE WHERE PEOPLE FROM THE COLLEGE AND THE COMMUNITY MAY ENJOY PASSIVE RECREATION AND WHERE THEY MAY COME TO LEARN, REFLECT, AND RENEW THEMSELVES THROUGHOUT THE NATURAL WORLD. THE COLLEGE MAINTAINS VARIOUS SCULPTURES ON CAMPUS FOR THE ENJOYMENT OF THE COLLEGE AND LOCAL COMMUNITIES. PART V, LINE 2: ENDOWMENT FUNDS THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE YEAR ENDING 06/30/2020 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS OR NET ASSETS WITH DONOR RESTRICTIONS. PART V, LINE 4: ENDOWMENT FUNDS THE COLLEGE'S POOLED ENDOWMENT CONSISTS OF APPROXIMATELY 650 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT IN PERPETUITY A VARIETY OF PURPOSES INCLUDING INSTRUCTION, FINANCIAL AID, ACADEMIC SUPPORT, STUDENT SERVICES, AND GENERAL INSTITUTIONAL EXPENSES. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE 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. ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PERMITS AN ENTITY 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. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAX AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. 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, AS DEFINED BY THE STATUTES AND LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE STATE OF CONNECTICUT. AS OF JUNE 30, 2020, OPEN FEDERAL AND CONNECTICUT TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2017 THROUGH JUNE 30, 2020. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT $ 51,527,000. RENT EXPENSE $(220,000). POST RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $ 1,061,000. --------------------- Total to Schedule D, Part XI, Line 4b $ 52,836,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE $ 220,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT $ 51,527,000. POST RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $ 1,061,000. ------------------- Total to Schedule D, Part XII, Line 4b $ 52,588,000. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3: ALL SCHOOL PUBLICATIONS, NEWSPAPERS, AND THE CONNECTICUT COLLEGE WEBSITE. SCHEDULE E, LINE 6: GOVERNMENT AID FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSIST OF US DEPT OF EDUCATION FINANCIAL AID, STATE OF CONNECTICUT FINANCIAL AID, AND FEDERAL AND STATE RESEARCH GRANT FUNDS. true Central America and the Caribbean Program Services STUDY AWAY PROGRAM 233000 East Asia and the Pacific Program Services STUDY AWAY PROGRAM 569000 Europe (Including Iceland and Greenland) Program Services MERCHANDISE 4000 Europe (Including Iceland and Greenland) Program Services STUDENT REFUND 2000 Europe (Including Iceland and Greenland) Program Services STUDY AWAY PROGRAM 2329000 Europe (Including Iceland and Greenland) Program Services SERVICES 6000 Middle East and North Africa Program Services STUDY AWAY PROGRAM 109000 North America Program Services STUDY AWAY PROGRAM 27000 North America Program Services MERCHANDISE 44000 North America Program Services SERVICES 40000 Russia and the Newly Independent States Program Services STUDY AWAY PROGRAM 72000 Russia and the Newly Independent States Program Services HONORARIA 1000 South America Program Services STUDY AWAY PROGRAM 147000 Sub-Saharan Africa Program Services HONORARIA 2000 Central America and the Caribbean Investments INVESTMENTS 567000 4152000 4152000 HONORARIA Sub-Saharan Africa 1 2000 WIRE SERVICES Europe (Including Iceland and Greenland) 1 6000 WIRE MERCHANDISE Europe (Including Iceland and Greenland) 1 4000 WIRE MERCHANDISE North America 1 44000 WIRE SERVICES North America 1 40000 WIRE HONORARIA Russia and the Newly Independent States 1 1000 WIRE true false true false true true Part I, Line 2: MONITORING GRANTS OUTSIDE OF THE US GRANTS MADE IN FOREIGN COUNTRIES FOR THE PURPOSES OF THE COLLEGE'S STUDY ABROAD PROGRAM ARE ENTERED INTO USING A CONTRACTUAL AGREEMENT OUTLINING THE SERVICES TO BE DELIVERED. THIS ACTIVITY IS MONITORED BY THE OFFICE OF STUDY AWAY, DEAN OF THE FACULTY, AND FINANCE. PART I, LINE 3, COLUMN F: THE EXPENSES FOR STUDENTS STUDYING ABROAD, FACULTY TRAVEL OUTSIDE THE UNITED STATES, AND SERVICES ARE REVIEWED AND MADE IN CONJUNCTION WITH THE OFFICE OF STUDY AWAY, AND TRACKED BY THE ACCOUNTING OFFICE USING THE COLLEGE'S ACCOUNTING SYSTEM AND DISBURSEMENT RECORDS. PART III: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS OUTSIDE THE UNITED STATES ARE TRACKED USING THE COLLEGE'S ACCOUNTING SYSTEM AND DISBURSEMENT RECORDS. true CONNECTICUT COLLEGE SCHOLARSHIP ASSISTANCE 1519 50304900 SEOG 273 309000 ROBERTA B WILLIS SCHOLARSHIP GRANT 28 137000 HIGHER EDUCATION EMERGENCY RELIEF FUNDING 1018 776100 PART I, LINE 2: MONITORING USE OF GRANT FUNDS ALL GRANTS AWARDED ARE BASED ON NEED AND CONFORM TO FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. PART III, LINE 4: In late-March 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was then signed into law by the President on March 27, 2020. As part of the CARES Act, there was funding designated as the Higher Education Emergency Relief Fund (HEERF). This funding is earmarked for institutions to provide assistance for those affected by the disruption to campus operations due to the COVID-19 pandemic. Connecticut College was awarded $1,202,711 as a part of the CARES ACT, and over 50 percent of these funds, $776,100, were distributed as emergency financial aid (HEERF) at 6/30/2020 to students who have had their semester disrupted by the COVID-19 pandemic. The remaining funds as per the CARES ACT were used to offset the College's increased expenses as a result of the global health crisis. X X true true X X X X X false true false false false false false false false KATHERINE BERGERON PRESIDENT 420628 0 0 0 209100 0 47830 0 50451 0 728009 0 0 0 Richard A Madonna JR VP for finance and admin 293362 0 0 0 0 0 26500 0 35332 0 355194 0 0 0 Kimberly M Verstandig VP Advancement 260145 0 0 0 0 0 26500 0 38397 0 325042 0 0 0 Jeffrey E Cole Dean of Faculty 221083 0 0 0 0 0 23195 0 37079 0 281357 0 0 0 Wendell L Hisle VP Information Services 187592 0 0 0 0 0 20109 0 54907 0 262608 0 0 0 Cheryl Miller VP For HR and Org Dev 170183 0 0 0 0 0 17603 0 38483 0 226269 0 0 0 Pamela Dumas Serfas VP Communications 191163 0 0 0 0 0 19516 0 14962 0 225641 0 0 0 Andrew K Strickler VP Admissions 182186 0 0 0 0 0 18619 0 13952 0 214757 0 0 0 Jefferson A Singer Dean of the College 172795 0 0 0 0 0 17161 0 768 0 190724 0 0 0 PART I, LINE 1A: TRAVEL/EXPENSE REIMBURSEMENT POLICY ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, HOUSING EXPENSES ARE NOT REIMBURSABLE BY THE COLLEGE. AS A CONDITION OF EMPLOYMENT THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THE VALUE OF THE PRESIDENTIAL RESIDENCE ($36,000) IS INCLUDED IN THE PRESIDENT'S COMPENSATION, AND IS REPORTED IN SCHEDULE J, PART II, COLUMN (D). ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, THE COLLEGE WILL NOT REIMBURSE FOR PERSONAL EXPENSES. THE COLLEGE MAINTAINS THE PRESIDENTIAL RESIDENCE, INCLUDING A HOUSEKEEPER. THE WAGES OF THE HOUSEKEEPER ATTRIBUTABLE TO THE PRESIDENT'S PERSONAL USE, IF ANY, ARE INCLUDED ON THE PRESIDENT'S W-2. PART I, LINE 4B: As additional consideration for the services that President Dr. Katherine Bergeron will be performing, the College desires to provide Deferred Compensation benefits under Section 457(f). Accordingly, the college maintains a "Deferred Compensation Account", and for each full month that Dr. Bergeron performs substantial services as President of the College, the college credits a certain amount to the Deferred Compensation Account. The amount credited to the Deferred compensation account during the year is $21,330; which is included in Schedule J, Part II, Column(C). PART II, COLUMN(B)(III): President Katherine Bergeron received sabbatical pay of $209,100 that is included in Schedule J, Part II, Column (B)(iii). According to the agreement between President Katherine Bergeron and the College, the President was eligible for a full-year sabbatical leave at one-half of her base salary upon completing her initial term and performing substantial services as the College President. A CHEFA 2011 SERIES H-1 060806186 20774U7E9 2011-06-30 12204821 FINANCE CONSTRUCTION false false false B CHEFA 2012 SERIES I 060806186 20774YFR3 2012-04-04 13319636 REFUND 2002 BOND ISSUE false false false C CHEFA 2014 SERIES J AND K 060806186 000000000 2014-09-30 12500000 FINANCE CONSTRUCTION false false false D CHEFA 2017 SERIES L-1 060806186 20774YQ67 2016-09-21 45060557 REFUND '07 BOND & FINANCE CONSTRUC false false false A 0 0 12204821 0 0 0 202391 0 0 12002430 0 0 2012 false false true true B 5265000 0 13319636 0 0 0 0 226182 0 0 13093454 0 2013 true false true true C 225000 0 12500000 0 0 0 100000 0 0 12400000 0 0 2015 false false true true D 0 0 45060557 0 0 0 389511 0 0 15000000 29671046 0 2018 false true false true A false false true false false 0 false false false true B 0 C false false true false false 0.00055 0.00055 false false false true D false false true false false 0.00083 0.00083 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false true false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART II, LINE 11, BOND D: THE OTHER SPEND PROCEEDS WERE USED TO REFUND BONDS ISSUED ON 7/18/2002. SCHEDULE K, PART IV, LINE 2B: NO REBATE IS DUE FOR THE CHEFA SERIES J & K BONDS AS THE BONDS MEET THE 2 YEAR SPENDING EXCEPTION TO THE REBATE CALCULATION RULES. SCHEDULE K, PART IV, LINE 2C: THE DATE OF THE REBATE COMPUTATION FOR THE CHEFA SERIES H-1 BOND WAS 07/28/16. THE DATE OF THE REBATE COMPUTATION FOR THE CHEFA SERIES I BOND WAS 05/02/17. X 108 6946000 SALES PRICE false true false FORM 990, PART I, LINE 1 AND PART III, LINE 1: DESCRIPTION OF ORGANIZATION MISSION CONNECTICUT COLLEGE VALUES ACADEMIC EXCELLENCE, DIVERSITY, EQUALITY, SHARED GOVERNANCE, EDUCATION OF THE ENTIRE PERSON, ADHERENCE TO COMMON ETHICAL AND MORAL STANDARDS, COMMUNITY SERVICE AND GLOBAL CITIZENSHIP, AND ENVIRONMENTAL STEWARDSHIP. FORM 990, PART III, LINE 4D: OTHER PROGRAM SERVICES OTHER PROGRAM SERVICE EXPENSES INCLUDE ALUMNI AND REUNION, FEDERAL AND STATE GRANT EXPENSES, CHEFA AMORTIZATION INTEREST AND FEES, PHYSICAL PLANT COSTS, DEPRECIATION, AND ADMINISTRATIVE COMPUTING COSTS. EXPENSES $3,211,000 INCLUDING GRANTS OF $-0-. REVENUE $3,425,000. FORM 990, PART VI, SECTION B, LINE 11: FORM 990 REVIEW PROCESS THE TAX RETURN INFORMATION IS GATHERED FROM THE FINANCE OFFICE AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT TAX CONSULTANT. ONCE COMPLETED, THE DRAFT FORM, INCLUDING SCHEDULE B, ALONG WITH A SUPPORTING MEMORANDUM, IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM 990 EXCLUSIVE OF SCHEDULE B, IS THEN MADE AVAILABLE FOR REVIEW BY THE FULL BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C: CONFLICT OF INTEREST POLICY ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND A TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTIONS BY MAJORITY VOTE. PERIODICALLY, TRUSTEES WILL BE ASKED TO SIGN CONFLICT OF INTEREST STATEMENTS ASSURING THAT THEY HAVE NO CONFLICT OF INTEREST, AS DESCRIBED IN THE CONNECTICUT COLLEGE BYLAWS, ARTICLE XV. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION POLICY A COMMITTEE ON EXECUTIVE COMPENSATION COMPRISING THE CHAIR AND VICE CHAIRS OF THE BOARD IS EMPOWERED TO CONDUCT THE ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT AND TO RECOMMEND TO THE FULL BOARD THE COMPENSATION OF THE PRESIDENT. THIS COMMITTEE ALSO REVIEWS AND APPROVES THE COMPENSATION OF KEY EMPLOYEES AT THE COLLEGE AT THE TIME OF THEIR HIRE AND WHEN SIGNIFICANT INCREASES IN COMPENSATION ARE BEING CONTEMPLATED. THE COMMITTEE'S REVIEW AND APPROVAL OF THE COMPENSATION OF THE PRESIDENT AND KEY EMPLOYEES IS CONDUCTED IN ACCORDANCE WITH THE "INTERMEDIATE SANCTIONS" RULES OF THE IRS, UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE. THE COMMITTEE MEETS AS NEEDED AND REPORTS TO THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19: PUBLIC DISCLOSURE THE COLLEGE'S FORM 990, AUDITED FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGES IN NET ASSETS CHANGE IN SPLIT INTEREST AGREEMENTS $ (468,000). CONNECTICUT COLLEGE COMMUNITY RADIO INC 270 MOHEGAN AVENUE BOX 5256 NEW LONDON CT 06320 260117596 RADIO STATION CT 501(c)(3) 7 NA true OAKLEAF ENDOWMENT TRUST FOR CT COLLEGE 1800 IDS CENTER MINNEAPOLIS MN 55402 416429969 TRUST MN 501(c)(3) 12(A) NA true CONNECTICUT COLLEGE EMPOYER-CONTRIBUTION 270 Mohegan Avenue New London CT 06320 047025787 VEBA CT 501(c)(9) NA true ASSOCIATED KYOTO PROGRAM 173 WEST LORAIN AVE OBERLIN OH 44074 042996114 EDUCATION OH 501(c)(9) 12(c)III-FI NA false PHI BETA KAPPA 270 MOHEGAN AVENUE NEW LONDON CT 06320 066103682 HONOR SOCIETY CT 501(c)(3) 7 NA false UNITRUST (1) CHARITABLE TR CT NA TRUST true CHARITABLE REMAINDER TRUST (7) CHARITABLE TR CT NA TRUST true false false false false false false false false false true false false false true false false false true true OAKLEAF ENDOWMENT TRUST FOR CT COLLEGE S 194000 PAYMENT CONNECTICUT COLLEGE EMPLOYER CONTRIBUTED VEBA R 249000 CONTRIBUTIONS