2020-05-05T09:49:22-05:00 2019-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2018-07-01 060646587 CONNECTICUT COLLEGE % CONTROLLER'S OFFICE CONN 8604392088 270 MOHEGAN AVENUE NEW LONDON CT 063204196 RICHARD A MADONNA JR VP FINANCE & ADMIN 2020-05-04 true SHY JOSEPH P01085371 6179881000 2020-05-01 167.68.102.5 06014420201265000000 2020-05-05 P 079714E8A255002425594F1323456A24D70223A5 8584CA4C8441E12A04203370CBD25B7D7B5DAE94 2018 2021-01-29 14:40:06Z RICHARD A MADONNA JR 270 MOHEGAN AVENUE NEW LONDON CT 06320 213545000 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. 34 33 2285 1205 -609000 0 43670000 21513000 121606000 128800000 4167000 6621000 477000 521000 169920000 157455000 38648000 44169000 0 0 74552000 67699000 0 0 7373000 45706000 45872000 158906000 157740000 11014000 -285000 508642000 520395000 116963000 113973000 391679000 406422000 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 97953000 44081000 94302000 *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. 20251000 24651000 *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. 4544000 88000 6725000 *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. 3485000 3122000 OTHER PROGRAM SERVICES 3485000 3122000 126233000 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 399 0 true 2285 true true true false false false false false false false false false false false X 34 33 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 418304 0 72422 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 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 JAMIE GLANTON COSTELLO 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 ROB HALE TRUSTEE 1.0 0.0 X 0 0 0 MARK IGER 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 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 KAREN QUINT 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 CHAKENA D SIMS 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 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 TIMOTHY E YARBORO TRUSTEE 1.0 0.0 X 0 0 0 RICHARD A MADONNA JR VP FOR FINANCE AND ADMIN 38.0 0.0 X 291813 0 51663 JEFFREY E COLE DEAN OF THE FACULTY 38.0 0.0 X 180817 0 46033 BONNIE J WELLS SECRETARY OF THE COLLEGE 38.0 0.0 X 80020 0 17713 ANDREW K STRICKLER VP ADMISSIONS 38.0 0.0 X 181057 0 28005 KIMBERLY M VERSTANDIG VP ADVANCEMENT 38.0 0.0 X 271458 0 31489 PAMELA DUMAS SERFAS VP COMMUNICATIONS 38.0 0.0 X 189906 0 30050 WENDELL L HISLE VP INFORMATION SERVICES 38.0 0.0 X 186505 0 74230 BRUCE BRANCHINI PROFESSOR 38.0 0.0 X 194066 0 16368 JEFFERSON A SINGER DEAN OF THE COLLEGE 38.0 0.0 X 168302 0 17238 ABIGAIL A VAN SLYCK DEAN OF THE FACULTY (OUTGOING) 38.0 0.0 X 264970 0 33777 2427218 0 418988 62 true true false CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02210 INVESTMENT ADVISORS 624000 COMMUNITY COUNSELING SERVICE CO LL 3349 NJ-138 BELMAR NJ 07719 CONSULTANTS 299000 CENTERBROOK ARCHITECTS AND PLANNERS 67 MAIN STREET CENTERBROOK CT 06409 ARCHITECT FIRM 185000 THE NATIONAL CENTER FOR HIGHER ED R 1109 LANCASTER AVENUE BERWYN PA 19312 CONSULTANTS 153000 COLLIERS PROJECT LEADERS USA NE LL 160 FEDERAL STREET BOSTON MA 02110 CONSULTANTS 189000 7 21513000 5390000 21513000 TUITION 611710 92226000 92226000 ROOM AND BOARD, AUX. SERVICES 721310 24651000 24651000 STUDY AWAY 611710 6725000 6725000 OTHER PROGRAM SERVICE REVENUE 900099 2712000 2696000 16000 GRANT AND CONTRACT INCOME 900099 1820000 1820000 666000 663000 3000 128800000 1591000 -656000 2247000 0 0 260000 257000 3000 0 3000 3000 22498000 38365000 20365000 35468000 2133000 2897000 5030000 28000 5002000 0 0 0 0 0 0 0 0 0 SNACK SHOP REVENUE 713940 434000 434000 BOOKSTORE 451211 84000 84000 518000 157455000 128781000 -609000 7770000 0 44081000 44081000 88000 88000 0 2130000 690000 1259000 181000 0 48541000 36814000 9426000 2301000 3858000 2971000 540000 347000 9615000 5807000 2150000 1658000 3555000 2827000 398000 330000 0 226000 226000 175000 175000 0 0 3514000 3514000 3177000 1958000 519000 700000 91000 39000 52000 2709000 2058000 299000 352000 848000 229000 619000 9000 9000 11312000 11312000 1724000 1522000 78000 124000 0 876000 134000 632000 110000 3292000 1842000 1450000 0 8408000 6306000 925000 1177000 1968000 886000 1082000 STUDY AWAY PROGRAMS 4398000 4398000 BOOKS AND PERIODICALS 1482000 1478000 4000 LICENSES, FEES, AND PERMITS 267000 88000 134000 45000 MEMBERSHIPS 255000 119000 131000 5000 1141000 577000 521000 43000 157740000 126233000 24134000 7373000 23000 22000 32474000 40802000 27269000 26663000 360000 473000 0 0 0 0 1082000 772000 404000 298000 1005000 851000 287997000 182372000 106379000 105625000 184387000 187588000 130802000 136862000 0 0 0 0 24457000 20439000 508642000 520395000 20777000 19889000 0 0 1614000 1577000 88380000 86870000 0 0 0 0 0 0 0 0 6192000 5637000 116963000 113973000 X 67064000 67209000 143344000 150106000 181271000 189107000 391679000 406422000 508642000 520395000 X -285000 14761000 267000 X false true X true true true X 27362000 10954000 11310000 43670000 21513000 114809000 0 0 27362000 10954000 11310000 43670000 21513000 114809000 35569670 79239330 6857000 4481000 8727000 2143000 2507000 24715000 119000 81000 200000 509000 499000 483000 473000 518000 2482000 142206000 609355000 0.55722 0.56000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 0 0 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 305663000 5429000 16466000 6981000 7067000 313510000 290537000 6737000 21803000 6617000 6797000 305663000 265013000 3179000 34455000 6379000 5731000 290537000 274617000 6613000 -6297000 6080000 3840000 265013000 268233000 7675000 5091000 5637000 745000 274617000 0.18000 0.51000 0.31000 true true true 0 1080000 1080000 0 202280000 117575000 84705000 0 0 56678000 49919000 6759000 0 27959000 14878000 13081000 105625000 PRIVATE EQUITY 14752000 F VENTURE CAPITAL 24094000 F HEDGE FUNDS 74224000 F INFLATION HEDGING 14287000 F DISTRESSED DEBT 5499000 F SPLIT INTEREST AGREEMENT 4006000 F 136862000 0 OBLIGATIONS - CAPITAL LEASE 471000 AGREEMENTS 4229000 FOR STUDENT LOANS 937000 5637000 X 124490000 14761000 267000 15028000 109462000 3514000 44479000 47993000 157455000 109747000 257000 257000 109490000 3514000 44736000 48250000 157740000 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 SMALL 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 06/30/2019 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, 2019, OPEN FEDERAL AND CONNECTICUT TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2016 THROUGH JUNE 30, 2018. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $267,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT $ 44,081,000. RENT EXPENSE $(257,000). POST RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $655,000. --------------------- Total to Schedule D, Part XI, Line 4b $44,479,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE $257,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT $44,081,000. POST RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $655,000. ------------------- Total to Schedule D, Part XII, Line 4b $44,736,000. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3: EXPLANATION OF RACIALLY NONDISCRIMINATORY POLICY ALL SCHOOL PUBLICATIONS AND NEWSPAPERS. 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 55000 East Asia and the Pacific Program Services STUDY AWAY PROGRAM 608000 Europe (Including Iceland and Greenland) Program Services HONORARIA 3000 Europe (Including Iceland and Greenland) Program Services LICENSE FEE 1000 Europe (Including Iceland and Greenland) Program Services MERCHANDISE 1000 Europe (Including Iceland and Greenland) Program Services REFUND OF TUITION 30000 Europe (Including Iceland and Greenland) Program Services STUDY AWAY PROGRAM 2822000 Europe (Including Iceland and Greenland) Program Services SERVICES 4000 Europe (Including Iceland and Greenland) Program Services TRAVEL 68000 Middle East and North Africa Program Services STUDY AWAY PROGRAM 118000 North America Program Services STUDY AWAY PROGRAM 14000 North America Program Services SERVICES 11000 Russia and the Newly Independent States Program Services STUDY AWAY PROGRAM 64000 South America Program Services STUDY AWAY PROGRAM 137000 South Asia Program Services STUDY AWAY PROGRAM 24000 Sub-Saharan Africa Program Services STUDY AWAY PROGRAM 3000 3963000 3963000 HONORARIA Europe (Including Iceland and Greenland) 3 3000 WIRE LICENSE FEE Europe (Including Iceland and Greenland) 1 1000 WIRE SERVICES Europe (Including Iceland and Greenland) 1 4000 WIRE TRAVEL Europe (Including Iceland and Greenland) 2 68000 WIRE MERCHANDISE Europe (Including Iceland and Greenland) 2 1000 WIRE SERVICES North America 1 11000 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 1310 43664000 SEOG 285 309000 ROBERTA B WILLIS SCHOLARSHIP GRANT 26 108000 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. X X true true X X X X X false false false false false false false false false KATHERINE BERGERON PRESIDENT 418304 0 0 26500 0 45922 0 490726 0 0 0 RICHARD A MADONNA JR VP FOR FINANCE AND ADMIN 291813 0 0 26500 0 25163 0 343476 0 0 0 JEFFREY E COLE DEAN OF THE FACULTY 180817 0 0 19059 0 26974 0 226850 0 0 0 ANDREW K STRICKLER VP ADMISSIONS 181057 0 0 18479 0 9526 0 209062 0 0 0 KIMBERLY M VERSTANDIG VP ADVANCEMENT 271458 0 0 6731 0 24758 0 302947 0 0 0 PAMELA DUMAS SERFAS VP COMMUNICATIONS 189906 0 0 19371 0 10679 0 219956 0 0 0 WENDELL L HISLE VP INFORMATION SERVICES 186505 0 0 19960 0 54270 0 260735 0 0 0 BRUCE BRANCHINI PROFESSOR 194066 0 0 15616 0 752 0 210434 0 0 0 JEFFERSON A SINGER DEAN OF THE COLLEGE 168302 0 0 16611 0 627 0 185540 0 0 0 ABIGAIL A VAN SLYCK DEAN OF THE FACULTY (OUTGOING) 264970 0 0 24047 0 9730 0 298747 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. 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 0 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 0.00050 0.00050 false false false true D false false true false false 0.00110 0.00110 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 false 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 157 5390000 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 $3,485,000 INCLUDING GRANTS OF $-0-. REVENUE $3,122,000. 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 COMPENSATON 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 X, LINES 27-29 NET ASSETS THE COLLEGE HAS ADOPTED ASU 2016-4, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE YEAR ENDING 06/30/2019 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS OR NET ASSET ASSETS WITH DONOR RESTRICTIONS. FORM 990, PART XI, LINE 9: CHANGES IN NET ASSETS CHANGE IN SPLIT INTEREST AGREEMENTS $267,000. 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 229000 CONTRIBUTIONS