2020-04-14T11:42:15-05:00 2019-05-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2018-06-01 030179424 NORWICH UNIVERSITY NORW 8024852040 158 HARMON DRIVE NORTHFIELD VT 05663 LAUREN WOBBY CFO/TREASURER 8024852040 2020-04-10 1 KAREN GRIES P00078514 6179848100 2020-04-10 67.137.57.251 2020-04-10 09:08:11 CD P DCDC301DDE5B45545BF0BB810C95F69F0F486C99 F40EF91B43A03FD1C882785D0956003FD1A535BB 2018 2021-01-29 14:40:06Z RICHARD SCHNEIDER 158 HARMON DRIVE NORTHFIELD VT 05663 198563727 0 X WWW.NORWICH.EDU X 1819 VT NORWICH'S MISSION IS TO GIVE OUR YOUTH AN EDUCATION THAT SHALL BE AMERICAN IN ITS CHARACTER. 30 29 2006 500 0 0 11931035 17507879 148108716 151529324 10334190 8991343 363677 387234 170737618 178415780 59164163 62396441 0 0 57386170 58090844 0 0 4679156 50510590 53524372 167060923 174011657 3676695 4404123 450114211 447742563 122153163 117459334 327961048 330283229 X NORWICH UNIVERSITY'S MISSION IS TO GIVE OUR YOUTH AN EDUCATION THAT SHALL BE AMERICAN IN CHARACTER. 0 0 103585740 62396441 117141783 INSTRUCTIONAL - STUDENT BODY OF OVER 3,000 GRADUATE AND UNDERGRADUATE STUDENTS. LIBRARY AND COMPUTER CENTER SERVICING STUDENT BODY, FACULTY AND STAFF. WEB-BASED INSTRUCTIONAL PLATFORM SUPPORTING OVER 1,000 GRADUATE AND UNDERGRADUATE STUDENTS. STUDENTS RECEIVE CAMPUS-BASED GRANTS, SCHOLARSHIPS AND AWARDS COUPLED WITH AID FROM FEDERALLY FUNDED PROGRAMS. 25787076 0 215757 INSTRUCTIONAL - STUDENT BODY OF OVER 3,000 GRADUATE AND UNDERGRADUATE STUDENTS. LIBRARY AND COMPUTER CENTER SERVICING STUDENT BODY, FACULTY AND STAFF. WEB-BASED INSTRUCTIONAL PLATFORM SUPPORTING OVER 1,000 GRADUATE AND UNDERGRADUATE STUDENTS. STUDENTS RECEIVE CAMPUS-BASED GRANTS, SCHOLARSHIPS AND AWARDS COUPLED WITH AID FROM FEDERALLY FUNDED PROGRAMS. 20166187 0 34343712 AUXILIARY ENTERPRISES AND OTHER STUDENT SERVICES INCLUDE CAFETERIA, DORMITORIES, BOOKSTORE AND UNIFORM SHOP SERVICING THE UNDERGRADUATE POPULATION OF OVER 2,000 UNDERGRADUATE STUDENTS. 149539003 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 5976 0 2006 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 AK MA MD MI NH NY OR SC CO ME NV OH X LAUREN WOBBY CFOTREASURER 8024852040 158 HARMON DRIVE NORTHFIELD VT 05663 X RICHARD SCHNEIDER PRESIDENT 65.00 X X 468160 0 74622 ALAN F DEFOREST CHAIRMAN 2.50 X X 0 0 0 PHIL SOUCY VICE CHAIRMAN 2.50 X X 0 0 0 WM BLAINE HAWKINS VICE CHAIRMAN 2.50 X X 0 0 0 PAUL CARRARA TRUSTEE 2.50 X 0 0 0 LARRY COSTA TRUSTEE 2.50 X 0 0 0 PETER DALRYMPLE TRUSTEE 2.50 X 0 0 0 PHILIP DOWN TRUSTEE 2.50 X 0 0 0 TRICIA ELMER TRUSTEE 2.50 X 0 0 0 JOHN GATTI TRUSTEE 2.50 X 0 0 0 MAXINE GRAD TRUSTEE 2.50 X 0 0 0 ROBERTA HANEY TRUSTEE 2.50 X 0 0 0 LARRY JEFFORDS TRUSTEE 2.50 X 0 0 0 JOEL KOBERT TRUSTEE 2.50 X 0 0 0 JOHN KOZIOL TRUSTEE 2.50 X 0 0 0 JOAN LAFRANCE TRUSTEE 2.50 X 0 0 0 LARRY LANG TRUSTEE 2.50 X 0 0 0 WILLIAM LASKY TRUSTEE 2.50 X 0 0 0 JESUS MANGUAL TRUSTEE 2.50 X 0 0 0 DOUGLAS M MCCRACKEN TRUSTEE 2.50 X 0 0 0 RICHARD NEAL TRUSTEE 2.50 X 0 0 0 MICHAEL PALMER TRUSTEE 2.50 X 0 0 0 E MILES PRENTICE TRUSTEE 2.50 X 0 0 0 WILLIAM PRIESMEYER TRUSTEE 2.50 X 0 0 0 MARTHA RAINVILLE TRUSTEE 2.50 X 0 0 0 STEPHEN RIPPE TRUSTEE 2.50 X 0 0 0 MIM RUNEY TRUSTEE 2.50 X 0 0 0 LANDERS SYMES TRUSTEE 2.50 X 0 0 0 MARK THOMPSON TRUSTEE 2.50 X 0 0 0 PATRICIA TRACEY TRUSTEE 2.50 X 0 0 0 J FRED WEINTZ TRUSTEE 2.50 X 0 0 0 ROBERT YOUNG TRUSTEE 2.50 X 0 0 0 SANDRA AFFENITO PROVOST 40.00 X 192632 0 57292 DAVID WHALEY SECRETARY / VP DEVELOPMENT 40.00 X 179566 0 41941 LAUREN WOBBY CFO / TREASURER 40.00 X 147276 0 38063 LAURA AMELL ASSISTANT SECRETARY 40.00 X 71116 0 7469 JAMIE COMOLLI ASSISTANT SECRETARY 40.00 X 41085 0 7810 FRANK VANECEK VP STUDENT SERVICES 40.00 X 187803 0 38794 WILLIAM CLEMENTS VP GRAD / CONTINUING STUDIES 40.00 X 172982 0 35741 GREGORY MATTHEWS VP ENROLLMENT MANAGEMENT 40.00 X 187822 0 14036 PHILIP SUSMANN VP STRATEGIC PTNRSHP / PRES NUARI 40.00 X 0 184607 36815 PAULETTE THABAULT DIRECTOR OF NURSING PROGAM 40.00 X 151526 0 41428 ROSEMARIE PELLETIER MPA PROGRAM DIRECTOR 40.00 X 146361 0 19437 KAREN HINKLE ASSOC PROVOST RESEARCH 40.00 X 140007 0 41121 HUW READ PROFESSOR COMPUTER SECURITY 40.00 X 132859 0 43652 2219195 184607 498221 60 0 1 1 NCS PEARSON INC 5601 GREEN VALLEY DRIVE STE 220 BLOOMINGTON MN 55437 OUTSOURCED ADMISSIONS 3555551 NRCCUA 745 ATLANTIC AVENUE BOSTON MA 02111 DATA SCIENCE & RESEARCH 722159 CENTRAL VERMONT MEDICAL CENTER PO BOX 547 BARRE VT 05641 MEDICAL CARE 687564 ATTAIN LLC PO BOX 221374 CHANTILY VA 20153 SOFTWARE CONSULTING 466516 EAB GLOBAL PO BOX 603519 CHARLOTTE NC 29260 ADMISSIONS CONSULTING 457908 25 36715 220559 3366872 13883733 909877 17507879 TUITION AND FEES 611310 148545809 148545809 AUXILIARY SERVICES 611310 2983515 2983515 151529324 2222023 2222023 13349 13349 760033 576240 183793 183793 183793 26202905 19433585 6769320 6769320 6769320 156286 220559 138122 18164 18164 STUDENT LOAN INTEREST 900099 171928 171928 171928 178415780 151701252 0 9206649 200000 200000 62111941 62111941 84500 84500 2311508 965555 810477 535476 41626834 31807117 7729724 2089993 2512034 1919448 466462 126124 8404988 6422262 1560730 421996 3235480 2472235 600799 162446 1078178 848365 229813 118663 118663 100946 100946 14026 14026 1184901 1184901 4566392 3041888 1162188 362316 800686 392384 385301 23001 839912 543099 218958 77855 2672843 1160642 1434450 77751 2790435 2777360 11275 1800 5050401 3965678 811447 273276 30780 17023 13228 529 3570184 3570184 8698150 8698150 1011267 1011267 FOOD SERVICE 7105506 6953611 92720 59175 OUTSOURCE ADMISSIONS 4278675 4278675 SUPPLIES 2107386 1771511 266976 68899 REPAIRS AND MAINTENANCE 1813713 1807698 2558 3457 5691328 3729677 1566589 395062 174011657 149539003 19793498 4679156 13818948 7399039 18494552 13216888 3655373 3567727 1809926 1981518 2092574 1750350 305309815 122727256 167978986 182582559 68178720 64112946 149591136 150115713 9570610 8488054 14923386 14527769 450114211 447742563 6288392 4485674 5524616 3540261 82654098 80312850 13329 0 27672728 29120549 122153163 117459334 X 133645610 158916257 143085629 120137163 51229809 51229809 327961048 330283229 450114211 447742563 X 4404123 -1214143 -867799 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2162 0 1 11864 14026 0 PART II-B, LINE 1: NORWICH UNIVERSITY PAYS DUES TO SEVERAL ASSOCIATIONS WHICH INCLUDE AS PART OF THEIR ONGOING ACTIVITIES LOBBYING ACTIVITIES WITH FEDERAL AND STATE LEGISLATIVE BODIES. NORWICH ESTIMATES THAT A QUARTER OF DUES PAID TO SUCH ORGANIZATIONS FINANCE SUCH LOBBYING ACTIVITIES, THE TOTAL OF WHICH IS $11,864. IN ADDITION TO THE ABOVE, NORWICH STAFF HAS SPENT TIME IN DIRECT CONTACT WTIH LEGISLATORS ON ISSUES IMPACTING THE UNIVERSITY. X X X X X PUBLIC PROGRAMS 0 225262364 3505515 4913289 4599487 6349353 1184901 221547427 215821420 1140556 17894593 4445743 5708857 1158993 225262364 201502132 1606537 23947549 4346868 5688820 1199110 215821420 215552768 1868302 -5462259 4090372 5364228 1002079 201502132 212335340 1497734 11675648 3762076 4977924 1215954 215552768 0.33260 0.66740 0.00000 1 0 987310 987310 228043240 82763603 145279637 39882613 31134942 8747671 36396652 8828711 27567941 182582559 EQUITY ALTERNATIVE INVESTMENTS 54125407 F OTHER ALTERNATIVE INVESTMENTS 653527 F HEDGE FUND ALTERNATIVE INVESTMENTS 51662497 F VENTURE CAPITAL ALTERNATIVE INVESTMENTS 38424008 F REAL ASSET ALTERNATIVE INVESTMENTS 5250274 F 150115713 GOVERNMENT ADVANCES & STUDENT LOANS 7582147 ACCRUED LIABILITIES 4955693 DISCOUNT ON LIFE INCOME FUNDS 2642871 SWAP VALUATION 13939838 29120549 X PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS, IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE UNIVERSITY RECORDS ITEMS OF COLLECTIONS, WHICH ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT THE UNIVERSITY, AS A GIFT AT NOMINAL VALUE. THESE GIFTS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. PART III, LINE 4: THE SULLIVAN MUSEUM AND HISTORY CENTER, THE MUSEUM OF NORWICH UNIVERSITY, HAS A COLLECTION OF 14,000-16,000 OBJECTS WHICH ARE USED TO SHARE THE COLLECTIVE STORIES OF THE THOUSANDS OF NORWICH STUDENTS,FACULTY, AND STAFF SINCE ITS FOUNDING IN 1819. THE COLLECTION BEGAN AROUND 1900 AND IS STILL GROWING TODAY WITH THE GENEROUS DONATIONS OF NORWICH ALUMNI AND FRIENDS. TODAY THE COLLECTION PROCESS IS OVERSEEN BY A COLLECTION COMMITTEE AND TWO PROFESSIONALLY TRAINED MUSEUM STAFF MEMBERS, A DIRECTOR AND A CURATOR. THE COLLECTION CONTAINS FINE ARTS (PAINTINGS, SCULPTURES, PRINTS), DECORATIVE ARTS (FURNITURE, ETC.), MILITARY FIREARMS AND OTHER WEAPONS, TEXTILES (UNIFORMS AND FLAGS), PERSONAL COLLECTIONS OF VARIOUS MILITARY OFFICERS FROM CAPTAIN ALDEN PARTRIDGE, OUR FOUNDER, TO THE PRESENT, AND ITEMS REPRESENTING THE VARIOUS DEPARTMENTS OF THE UNIVERSITY INCLUDING MUSICAL INSTRUMENTS, ENGINEERING EQUIPMENT, SPORTS ITEMS, CAVALRY AND AVIATION EQUIPMENT, AND BUSINESS MACHINES. THE SULLIVAN MUSEUM IS CONSIDERED A "TEACHING MUSEUM," A TERM OFFICIALLY ADOPTED BY THE AMERICAN ASSOCIATION OF UNIVERSITY MUSEUMS AND GALLERIES, WHICH INDICATES AN INSTITUTION WITH THE PRIMARY PURPOSE OF USING ITS COLLECTIONS AS A TEACHING RESOURCE. MUSEUM STAFF IS COMMITTED TO WORKING WITH ALL FACULTY AND CLASSES ACROSS CAMPUS IN MULTIPLE DISCIPLINES AND HAS A SPECIAL "SMART CLASSROOM" WITHIN THE MUSEUM FOR THAT PURPOSE. THE MUSEUM STRIVES TO INTEGRATE ITSELF INTO THE CURRICULUM IN VARIOUS WAYS INCLUDING OFFERING EXHIBITION AND PROGRAM OPPORTUNITIES TO BOTH FACULTY AND STAFF; MAKING THE COLLECTION RESOURCES AVAILABLE TO ALL FOR RESEARCH AND PROJECT USE; AND DIRECTLY TEACHING IN THE MUSEUM FOR VARIOUS CLASSES SUCH AS ENGLISH, LITERATURE, AND HISTORY. PART V, LINE 4: THE PURPOSE OF THE NORWICH UNIVERSITY ENDOWMENT IS TO GENERATE A STREAM OF EARNINGS TO SUPPORT CURRENT OPERATIONS UNDER AN INVESTMENT STRATEGY DESIGNED TO MAINTAIN, OR GROW, CORPUS VALUE IN REAL OR INFLATION ADJUSTED TERMS. THE BOARD OF TRUSTEES HAS ADOPTED A SPENDING PLAN WHEREBY THE UNIVERSITY UTILIZES 5% OF THE PRODUCT OF THE AVERAGE POOLED UNIT VALUE FOR THE 12 PRIOR QUARTERS ENDING DECEMBER 31 AND THE NUMBER OF POOLED UNITS ON HAND AT DECEMBER 31. UNIVERSITY SCHOLARSHIPS RECEIVE THE GREATEST SHARE OF THE ANNUAL ENDOWMENT DISTRIBUTION AT APPROXIMATELY 45%, FOLLOWED BY THE UNIVERSITY GENERAL FUND AT 43%. ENDOWMENT FUNDS ALSO SUPPORT ACADEMIC ENRICHMENT, FACULTY DEVELOPMENT, STUDENT LOANS, MARGIN OF EXCELLENCE PROGRAMS, AND NUMEROUS OTHER ACTIVITIES. PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE CODE. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S APPLICATION FORM CONTAINS A STATEMENT OF THE SCHOOL'S NONDISCRIMINATION POLICY AS DOES THE UNIVERSITY'S RECRUITING LITERATURE, UNIVERSITY CATALOGUE, WEBSITE AND SELECT NEWSPAPER ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES STUDENT LOAN AND GRANT FUNDS FROM THE FEDERAL GOVERNMENT WHICH ARE DISPERSED TO STUDENTS BASED UPON FINANCIAL NEED ACCORDING TO FEDERAL GUIDELINES. 1 CENTRAL AMERICA & THE CARIBBEAN 0 0 INVESTMENTS 59049392 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 1628331 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES ATHLETIC COMPETITION 12363 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 29630 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES VOLUNTEERING 25215 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES GRANTS 6500 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES BUSINESS DEVELOPMENT 15018 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 13877 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 271530 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES GRANTS 18000 EUROPE 0 0 PROGRAM SERVICES BUSINESS DEVELOPMENT 8073 EUROPE 0 0 PROGRAM SERVICES CONFERENCE 15966 EUROPE 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 15410 EUROPE 1 5 PROGRAM SERVICES INSTRUCTION 317837 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 545650 EUROPE 0 0 PROGRAM SERVICES GRANTS 45500 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 6847 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 41236 SOUTH AMERICA 0 0 PROGRAM SERVICES GRANTS 14500 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES VOLUNTEERING 51588 0 0 1 5 1 5 60780326 1352137 62132463 SCHOLARSHIPS EAST ASIA & THE PACIFIC 9 18000 TUITION SCHOLARSHIP 0 SCHOLARSHIPS EUROPE 29 45500 TUITION SCHOLARSHIP 0 SCHOLARSHIPS SOUTH AMERICA 8 14500 TUITION SCHOLARSHIP 0 SCHOLARSHIPS CENTRAL AMERICA & CARIBBEAN 3 6500 TUITION SCHOLARSHIP 0 0 0 1 1 1 1 PART I, LINE 2: NORWICH UNIVERSITY OFFERS FINANCIAL ASSISTANCE TO STUDENTS WHO ARE ACCEPTED TO PARTICIPATE IN APPROVED STUDY ABROAD PROGRAMS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE AT NORWICH UNIVERSITY AND MUST HAVE A DEMONSTRATED FINANCIAL NEED. THE OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS, WITH ASSISTANCE FROM THE FINANCIAL AID OFFICE, SELECTS AND MONITORS THE PARTICIPANTS. BRIAN BILL GOLF TOURNAMENT 278842 187394 91448 1758 36525 17062 33535 DOYLE GOLF TOURNAMENT 45860 24200 21660 2307 5602 9128 1612 4 52143 8965 43178 2500 1759 15517 6505 4312 376845 220559 156286 2500 5824 57644 32695 39459 138122 18164 1 VILLAGE OF NORTHFIELD 51 SOUTH MAIN STREET NORTHFIELD VT 05663 036000607 170(B)(1)(A)(V) 200000 0 N/A N/A EMERGENCY SERVICES DONATION 1 0 TUITION SCHOLARSHIPS FOR NORWICH STUDENTS 3098 62111941 0 N/A N/A PART I, LINE 2: VIRTUALLY ALL UNIVERSITY FUNDED SCHOLARSHIPS ARE TIED TO THE STUDENTS' GRADE POINT AVERAGE (GPA) OR BASED UPON FINANCIAL NEED AS DETERMINED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ANNUALLY, THE GPA AND NEED ARE REVIEWED TO DETERMINE COMPLIANCE WITH THE UNIVERSITY STANDARD. IF A STUDENT'S GPA FALLS BELOW THE MINIMUM REQUIREMENT, THE SCHOLARSHIP IS EITHER REMOVED OR REDUCED BY HALF. STUDENTS CAN APPEAL TO HAVE THE SCHOLARSHIP RESTORED IF THEIR GPA RETURNS TO THE REQUIRED LEVEL. NEED BASED SCHOLARSHIPS ARE CARRIED FORWARD EACH YEAR ONCE THE STUDENT HAS COMPLETED THE FAFSA. THE UNIVERSITY PROVIDES ASSISTANCE TO CERTAIN LOCAL GOVERNMENTAL AND NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE CRITICAL INFRASTRUCTURAL SUPPORT TO THE UNIVERSITY. THE ASSISTANCE IS CONSIDERED A DONATION AND THE UNIVERSITY DOES NO FURTHER MONITORING OF THE USE OF THE FUNDS. X 1 1 X X X 0 1 0 0 0 0 0 0 0 RICHARD SCHNEIDER PRESIDENT 414568 0 0 0 53592 0 46171 0 28451 0 542782 0 0 0 SANDRA AFFENITO PROVOST 191374 0 0 0 1258 0 15658 0 41634 0 249924 0 0 0 DAVID WHALEY SECRETARY / VP DEVELOPMENT 178471 0 0 0 1095 0 14076 0 27865 0 221507 0 0 0 LAUREN WOBBY CFO / TREASURER 146725 0 0 0 551 0 11735 0 26328 0 185339 0 0 0 FRANK VANECEK VP STUDENT SERVICES 185643 0 0 0 2160 0 14357 0 24437 0 226597 0 0 0 WILLIAM CLEMENTS VP GRAD / CONTINUING STUDIES 171938 0 0 0 1044 0 13622 0 22119 0 208723 0 0 0 GREGORY MATTHEWS VP ENROLLMENT MANAGEMENT 187147 0 0 0 675 0 14036 0 0 0 201858 0 0 0 PHILIP SUSMANN VP STRATEGIC PTNRSHP / PRES NUARI 0 184091 0 0 0 516 0 11330 0 25485 0 221422 0 0 PAULETTE THABAULT DIRECTOR OF NURSING PROGAM 150973 0 0 0 553 0 11524 0 29904 0 192954 0 0 0 ROSEMARIE PELLETIER MPA PROGRAM DIRECTOR 145540 0 0 0 821 0 11155 0 8282 0 165798 0 0 0 KAREN HINKLE ASSOC PROVOST RESEARCH 139913 0 0 0 94 0 11074 0 30047 0 181128 0 0 0 HUW READ PROFESSOR COMPUTER SECURITY 132781 0 0 0 78 0 10630 0 33022 0 176511 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE IN A HOUSE PROVIDED BY THE UNIVERSITY AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE VALUE OF THE PRESIDENT'S HOUSING IN THE AMOUNT OF $28,243 IS INCLUDED IN FORM 990, SCHEDULE J, PART II, COLUMN D AS PART OF HIS NONTAXABLE BENEFIT. PART I, LINE 4B PRESIDENT RICHARD SCHNEIDER ACCRUED A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN BENEFIT OF $61,481 DURING THE YEAR. THE DEFERRED COMPENSATION IS ACCRUED ANNUALLY AND PROVIDES THAT FOR EACH YEAR'S WORTH OF SERVICE THE INDIVIDUAL WILL RECEIVE A MONTH'S WORTH OF SALARY TO BE DISTRIBUTED ON A MONTHLY BASIS UPON SEPARATION FROM SERVICE. A VERMONT EDUCATIONAL & HEALTH BUILDINGS FINANCING AGENCY 237154467 924166CK5 2008-06-11 78200000 CONSTRUCTION FINANCING 0 0 0 B VERMONT EDUCATIONAL & HEALTH BUILDINGS FINANCING AGENCY 237154467 924166FP1 2013-12-23 24515000 CONSTRUCTION FINANCING 0 0 0 A 19500000 78200000 1356638 49986520 490012 149339 25017491 1200000 2009 0 1 1 1 B 2270000 24515000 516563 457908 22960299 580230 2014 0 0 1 1 A 0 1 1 1 0 0.01700 0.00000 0.01700 1 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 A 0 0 0 0 1 1 TD SECURITIES 30.000000000000 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 X 40 857786 FMV X 2 17445 COST X PRIZES 27 24199 FMV X FOOD & ENTERTAINMENT 7 9394 COST X COMPUTER EQUIPMENT 1 1053 COST 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 1, PART III, LINE 1 NORWICH UNIVERSITY'S MISSION IS TO GIVE OUR YOUTH AN EDUCATION THAT SHALL BE AMERICAN IN CHARACTER - TO ENABLE THEM TO ACT AS WELL AS TO THINK - TO EXECUTE AS WELL AS TO CONCEIVE - "TO TOLERATE ALL OPINIONS WHEN REASON IS LEFT FREE TO COMBAT THEM" - TO MAKE MORAL, PATRIOTIC, EFFICIENT, AND USEFUL CITIZENS, AND TO QUALIFY THEM FOR ALL THOSE HIGH RESPONSIBILITIES RESTING UPON A CITIZEN OF THIS FREE REPUBLIC. NORWICH'S MISSION STATEMENT IS UNIQUE IN HIGHER EDUCATION. WE KNOW EXACTLY WHO WE ARE, WHY WE ARE HERE, AND WHERE WE ARE GOING. WE ARE ABLE TO BE VERY SPECIFIC: THE DISTINCTIVE TERMS AND PHRASES FOUND IN THIS MISSION STATEMENT PROVIDE IMPORTANT CLUES IN UNDERSTANDING THE ESSENCE OF THIS ORGANIZATION, AND ULTIMATELY THE DIRECTIONS WE WILL SEEK AND THE OUTCOMES WE WILL REQUIRE OF OUR STUDENTS. THE MOST DISTINGUISHING TERMS ARE: AMERICAN IN CHARACTER GLOBAL IN PERSPECTIVE MUTUAL RESPECT SERVICE THINKING AND ACTING CONCEIVING AND EXECUTING MAKING MORAL AND PATRIOTIC CITIZENS MAKING USEFUL CITIZENS QUALIFYING GRADUATES FOR RESPONSIBILITIES OF A FREE REPUBLIC THESE, AS WELL AS OTHER DISTINGUISHING OUTCOMES OF THE NORWICH EXPERIENCE ARE DISCUSSED BELOW: AMERICAN IN CHARACTER MEANS THAT WE TEACH STUDENTS TO UNDERSTAND AND HOLD DEAR THOSE VALUES AND PRINCIPLES UPON WHICH THIS FREE REPUBLIC WAS ESTABLISHED. THE AMERICAN EXPERIENCE WAS UNIQUE AND WORLD CHANGING IN ITS DEVELOPMENT. IT WAS BUILT UPON THE FUNDAMENTALS OF DEMOCRACY AND THE NOTION THAT PEOPLE HAVE INALIENABLE RIGHTS. WE WANT OUR STUDENTS TO KNOW THE PRINCIPLES AND THE EVENTS IN WHICH THESE PRINCIPLES MANIFESTED WHICH LEAD UP TO THE GREAT AMERICAN EXPERIMENT, THE HISTORY OF OUR SUCCESSFUL JOURNEY, AND THE REASONS WHY THE PRINCIPLES MANIFESTED IN THE BILL OF RIGHTS, THE CONSTITUTION, AND THE DECLARATION OF INDEPENDENCE ARE WORTH FIGHTING FOR. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRACURRICULAR, WE TEACH THIS VALUE AND ENSURE THAT OUR STUDENTS UNDERSTAND ITS MEANING. GLOBAL IN PERSPECTIVE MEANS THAT OUR STUDENTS SHOULD UNDERSTAND THAT THE USA IS NOT ALONE IN THIS WORLD. THE WORLD IS A COMPLEX PLACE, AND CIVILIZATION AND ITS CULTURES ARE CONSTANTLY EVOLVING. DEFINING THE ENTIRE WORLD WITH AMERICAN VALUES DISTORTS THE REALITY OF A MULTICULTURAL PLANET AND LIMITS ONE'S PERSPECTIVE ON THE HISTORY OF MAN'S JOURNEY TO THE PRESENT TIME. BECAUSE AMERICA IS A LEADER IN THE WORLD, AND BECAUSE OUR STUDENTS ARE DESTINED TO BE LEADERS IN AMERICA, WE MUST UNDERSTAND AND RESPECT ALL POINTS OF VIEW AS PART OF GAINING THE WISDOM TO LEAD. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRACURRICULAR, WE TEACH THIS VALUE AND ENSURE THAT OUR STUDENTS UNDERSTAND ITS MEANING. MUTUAL RESPECT, SOCIAL GRACES, AND POLITENESS. MUTUAL RESPECT IS A CORNERSTONE OF CIVILIZATION AND A FOUNDATION OF ACADEMIA. IT IS WHAT INITIATES A SALUTE; IT IS WHAT ALLOWS TWO PEOPLE TO APPRECIATE EACH OTHER FOR THE VALUE THAT THEY BRING TO THE RELATIONSHIP, NO MATTER HOW LASTING OR TEMPORARY THE RELATIONSHIP IS. IT IS COMMON HUMAN DECENCY, KINDNESS, AND A CORNERSTONE OF A CIVIL SOCIETY. MUTUAL RESPECT TURNS INTO LASTING FRIENDSHIP. ITS SUCCESSFUL BREEDING AT NORWICH UNIVERSITY IS A PRIMARY REASON WHY PEOPLE DEVELOP CLOSE RELATIONSHIPS WITH THOSE THEY OTHERWISE MIGHT NOT. IN ADDITION TO MUTUAL RESPECT, NORWICH STUDENTS AND GRADUATES ARE KNOWN FOR THEIR GRACE IN SOCIAL SITUATIONS AND THEIR POLITENESS. THE NORWICH ENVIRONMENT BREEDS THIS CHARACTERISTIC. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRACURRICULAR, WE TEACH THESE VALUES AND ENSURE THAT OUR STUDENTS PRACTICE THEM. SERVICE IS AN INTEGRAL PART OF THE NORWICH EXPERIENCE. LEADERS SERVE, AND WE TRAIN LEADERS. WE SEEK TO INCULCATE THIS VALUE IN OUR STUDENTS, IN PART BY ENSURING THAT THEY DIRECTLY EXPERIENCE IT. EXPERIENCING "SERVICE TO OTHERS BEFORE SELF" IS A VITAL PART OF EACH STUDENT'S MATURATION PROCESS. STUDENTS TAKE WITH THEM FROM NORWICH THE EXPECTATION THAT SERVICE WILL BE A LIFELONG COMMITMENT. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRA-CURRICULAR, WE TEACH THIS VALUE AND ENSURE THAT OUR STUDENTS EXPERIENCE IT. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES AUDIT COMMITTEE REVIEWS AND COMMENTS ON THE FORM 990, INCLUDING SCHEDULE B BEFORE IT IS FILED. AN ELECTRONIC COPY OF FORM 990, NOT INCLUDING SCHEDULE B, IS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE THE RETURN IS FILED. A PAPER COPY OF THE SCHEDULE B, PHYSICALLY LOCATED ON THE UNIVERSITY CAMPUS, IS AVAILABLE FOR ANY BOARD MEMBER TO REVIEW ONCE THE AUDIT COMMITTEE COMPLETES THEIR INITIAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND AFFIDAVIT IS DISTRIBUTED ANNUALLY TO BOARD OF TRUSTEES. THE COMPLETED AFFIDAVITS ARE RETURNED AND REVIEWED BY BOTH THE UNIVERSITY ADMINISTRATION AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR CONFLICTS THAT COULD IMPAIR THE JUDGEMENT OF THE INDIVIDUALS. THE AUDIT COMMITTEE REPORTS THE RESULT OF THEIR REVIEW TO THE FULL BOARD DURING THE FALL MEETING. THE AUDIT COMMITTEE ASKS ANY TRUSTEE WITH A DISCLOSED CONFLICT OF INTEREST TO RECUSE THEMSELVES FROM BOARD CONVERSATIONS WHERE THE OUTCOME COULD AFFECT THE BUSINESS RELATIONSHIP WITH THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS AND SENIOR ADMINISTRATORS AT NORWICH UNIVERSITY IS SET BY THE PRESIDENT WITH THE ADVICE OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF TRUSTEES WITH THE ADVICE OF THE COMPENSATION COMMITTEE. THE PROCESS USED FOR THESE DECISIONS FOLLOWS THE GUIDELINES SUGGESTED BY THE IRS FOR COMPLIANCE WITH IRC SECTION 4958. THE PRIMARY FACTOR IN THESE DETERMINATIONS IS SALARY BENCHMARKING FOLLOWING THE METHODS USED FOR ALL STAFF AT THE UNIVERSITY. BENCHMARK COMPENSATION DATA IS OBTAINED FROM AN ANNUAL SALARY SURVEY OF HIGHER EDUCATION INSTITUTIONS CONDUCTED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). NORWICH UNIVERSITY COMPARES TO A SELECTED SALARY COHORT FROM THIS SURVEY. THE CURRENT COHORT INCLUDES ALL RESPONSES FROM INSTITUTIONS WITH OPERATING BUDGETS IN THE RANGE OF $60 MILLION TO $140 MILLION THAT OFFER BOTH UNDERGRADUATE AND GRADUATE DEGREES. ABOUT 205 INSTITUTIONS INCLUDED IN THE SURVEY MEET THESE CRITERIA. FOR ALL STAFF AT NORWICH, A FACTOR BASED ON TIME IN THE CURRENT JOB LEVEL IS APPLIED TO THE BENCHMARK RATE FROM THE SALARY SURVEY TO FIND AN EXPECTED MARKET RATE FOR EACH EMPLOYEE IN THE CURRENT POSITION. SALARY INCREASES ARE PROPOSED TO ASSURE THAT EMPLOYEES ARE NOT BELOW A SPECIFIED PERCENTAGE OF THE EXPECTED MARKET RATE. CURRENTLY, THE MINIMUM IS 85%. IN ADDITION TO THE SALARY BENCHMARK DATA, THE COMMITTEE CONSIDERS PERFORMANCE INFORMATION ON THE SENIOR ADMINISTRATORS PROVIDED BY THE PRESIDENT, AND THE RESULTS OF THE PERFORMANCE APPRAISAL OF THE PRESIDENT CONDUCTED BY THE BOARD. THE DIRECTOR OF HUMAN RESOURCES SERVES AS THE STAFF LIAISON TO THE COMPENSATION COMMITTEE. THE FORMAL CHARGE TO THE COMPENSATION COMMITTEE OF THE BOARD IS PRESENTED BELOW. COMPENSATION COMMITTEE THIS COMMITTEE WAS ESTABLISHED IN OCTOBER 2009 BASED ON THE WORK OF THE AD HOC COMPENSATION COMMITTEE, WHICH WAS ESTABLISHED ON JUNE 10, 2005. THE PRIMARY PURPOSE OF THIS COMMITTEE IS TO ENSURE THAT THE PRESIDENT AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE COMPENSATED IN A WAY THAT IS CONSISTENT WITH PERFORMANCE, LONGEVITY, MARKET EQUITY, AND IN ACCORDANCE WITH CURRENT IRS RULES AND REGULATIONS, INCLUDING THE INTERMEDIATE SANCTIONS UNDER IRC SECTION 4958. THE COMMITTEE WILL REVIEW AND PROVIDE ADVICE TO THE PRESIDENT ON COMPENSATION ISSUES FOR THE OFFICERS AND SENIOR ADMINISTRATORS AND OTHER HIGHLY COMPENSATED INDIVIDUALS, REVIEW COMPENSATION BENCHMARKS AND STUDIES DONE BY INDEPENDENT ORGANIZATIONS, AND USE APPROPRIATE COMPARABLE DATA PRIOR TO MAKING THESE RECOMMENDATIONS TO THE PRESIDENT. IN ADDITION, THE COMMITTEE WILL MAKE A RECOMMENDATION TO THE FULL BOARD ON THE PRESIDENT'S COMPENSATION. DOCUMENTATION OF THE BOARD'S ACTIONS ARE TO BE CONSIDERED CONFIDENTIAL AND ARE TO REMAIN ON FILE WITH THE SECRETARY OF THE BOARD. COMMITTEES SHOULD USE APPROPRIATE IRS PROVIDED CHECKLISTS IN THEIR DECISION MAKING PROCESS AND DELIBERATIONS. THE DIRECTOR OF HUMAN RESOURCES WILL BE THE LIAISON. FORM 990, PART VI, SECTION C, LINE 19 NORWICH UNIVERSITY GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, TAX RETURNS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. THE NORWICH UNIVERSITY 990 IS AVAILABLE FOR PUBLIC REVIEW AT WWW.GUIDESTAR.ORG. FORM 990, PART VII, SECTION A, SEQUENCE 37 MR. SUSMANN AVERAGES 13 HOURS PER WEEK AS THE NORWICH UNIVERSITY VICE PRESIDENT FOR STRATEGIC PARTNERSHIPS AND 27 HOURS PER WEEK AS THE NUARI PRESIDENT. NORWICH UNIVERSITY PAYS ALL OF MR. SUSMANN'S WAGES AND REPORTS ALL HIS WAGES ON FORM W-2. NUARI, A CONTROLLED, TAX EXEMPT, 501(C)(3) ORGANIZATION, IS CHARGED BACK FOR THE TIME MR. SUSMANN DEVOTES TO NUARI. FORM 990, PART XI, LINE 9: RELATED ENTITY INCOME -89,506. CHANGE IN PRESENT VALUE OF LIABILITIES 870,059. CHANGE IN SWAP VALUATION -1,648,352. NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES PO BOX 30 NORTHFIELD VT 05663 061669185 APPLIED RESEARCH TO ENHANCE NATIONAL SECURITY VT 501(C)(3) 9 N/A 1 CHARITABLE REMAINDER ANNUITY TRUSTS (4) CHARITABLE REMAINDER ANNUITY TRUST TX N/A T 0 CHARITABLE REMAINDER UNITRUST CHARITABLE REMAIDER UNITRUST TX N/A T 0 CHARITABLE REMAINDER UNITRUST CHARITABLE REMAIDER UNITRUST NY N/A T 0 CHARITABLE TRUST CHARITABLE TRUST VT N/A T 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES Q 89269 CASH NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES P 410384 STANDARD RATES CHARITABLE TRUST S 380548 CASH CHARITABLE REMAINDER ANNUITY TRUSTS S 457510 CASH CHARITABLE REMAINDER UNITRUST S 608462 CASH