2020-05-06T19:47:06-05:00 2019-06-30 522041603 SQUIRE LEMKIN COMPANY LLP 111 ROCKVILLE PIKE SUITE 475 ROCKVILLE MD 20850 990 2018-07-01 520591608 HOOD COLLEGE HOOD 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 CHARLES G MANN VP FOR FINANCE AND TREASURER 3016963131 2020-05-06 1 TRACY M MOREY P01521539 3014246800 72.83.34.251 2020-05-06 15:55:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 35087DD1E171F3249A2B77BF1993A08E1C620B1F 2018 2021-01-29 14:40:06Z CHARLES G MANN 401 ROSEMONT AVENUE FREDERICK MD 21701 97059483 0 X WWW.HOOD.EDU X 1893 MD THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT. 29 29 1079 0 646167 0 10558356 13474091 54025030 53743493 3148047 3534131 0 0 67731433 70751715 22668620 23287938 0 0 21454880 22652679 0 0 1723265 18836957 18853028 62960457 64793645 4770976 5958070 174940375 181444562 30674628 31100758 144265747 150343804 X THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT. 0 0 52509058 23287938 53097326 HIGHER EDUCATION-FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE 31 MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 19 MASTER'S DEGREES, 2 DOCTORAL PROGRAMS, AND 11 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2018, TOTAL ENROLLMENT WAS 2,052 STUDENTS COMPRISED OF 1,092 UNDERGRADUATE AND 960 STUDENTS SEEKING MASTER'S DEGREES AND CERTIFICATIONS. 52509058 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 162 0 1 1079 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X DENISE WATKINS 3016963859 401 ROSEMONT AVENUE FREDERICK MD 21701 JUDITH MESSINA CHAIR 2.00 X 0 0 0 MARK FRIIS VICE CHAIR 2.00 X 0 0 0 LINDA J ALLAN BOARD MEMBER 2.00 X 0 0 0 ARTHUR O ANDERSON BOARD MEMBER 2.00 X 0 0 0 PHILIP BOWERS BOARD MEMBER 2.00 X 0 0 0 BETSY B BRENNEN BOARD MEMBER 2.00 X 0 0 0 AMY K CHAN BOARD MEMBER 2.00 X 0 0 0 JANET H COTTON BOARD MEMBER 2.00 X 0 0 0 CHERYL BROWN DREILING BOARD MEMBER 2.00 X 0 0 0 TONYA THOMAS FINTON BOARD MEMBER 2.00 X 0 0 0 GAIL L GAMBLE BOARD MEMBER 2.00 X 0 0 0 SUSAN MURAWSKI GANLEY BOARD MEMBER 2.00 X 0 0 0 MYRA L HOLSINGER BOARD MEMBER 2.00 X 0 0 0 ELEANOR CHISHOLM LANDAUER BOARD MEMBER 2.00 X 0 0 0 CYNTHIA NEWBY BOARD MEMBER 2.00 X 0 0 0 JAMES E REINSCH BOARD MEMBER 2.00 X 0 0 0 JOHN H TISDALE BOARD MEMBER 2.00 X 0 0 0 SAMUEL R WELLS III BOARD MEMBER 2.00 X 0 0 0 SUSAN WHALEY BOARD MEMBER 2.00 X 0 0 0 NEAL J WILSON BOARD MEMBER 2.00 X 0 0 0 MARLENE YOUNG BOARD MEMBER 2.00 X 0 0 0 SUSAN J GEAREY BOARD MEMBER 2.00 X 0 0 0 THERESA HARRISON BOARD MEMBER 2.00 X 0 0 0 THOMAS A KLEINHANZL BOARD MEMBER 2.00 X 0 0 0 MATTHEW C MCGREEVY BOARD MEMBER 2.00 X 0 0 0 PHILIP S RENAUD II BOARD MEMBER 2.00 X 0 0 0 THOMAS H TRUITT BOARD MEMBER 2.00 X 0 0 0 ALDAN T WEINBERG BOARD MEMBER 2.00 X 0 0 0 KATHLEEN A WESLOCK BOARD MEMBER 2.00 X 0 0 0 CHARLES G MANN TREASURER AND VP OF FINANCE 40.00 X 182354 0 24340 DARIAN SCHULZE ASSISTANT TREASURER/CONTROLLER 40.00 X 98510 0 18890 DIANE WISE SECRETARY 40.00 X 77334 0 4232 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT 60.00 X 286017 0 107910 WILLIAM J BROWN JR VP OF ENROLLMENT MANAGEMENT 40.00 X 156884 0 22204 DEBORAH RICKER VP OF ACADEMIC AFFAIRS AND PROVOST 40.00 X 173622 0 21662 NANCY GILLECE VP INSTITUTIONAL ADVANCEMENT 40.00 X 144642 0 16221 OLIVIA WHITE VP AND DEAN OF STUDENTS 40.00 X 130611 0 7123 LAURIE WARD EXECUTIVE DIRECTOR, MARKETING & COMM 40.00 X 107858 0 14300 APRIL BOULTON AMBERMAN DEAN OF GRADUATE SCHOOL 40.00 X 113182 0 5852 EMILIE AMT PROFESSOR 40.00 X 101047 0 13965 1572061 0 256699 9 0 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 FACILITIES MANAGEMENT 4106145 ARAMARK SERVICES INC 5271 ELLIOT ROAD BUTLER PA 160018105 FOOD SERVICES 2894663 EYP ARCHITECTURE & ENGINEERING 201 FULLER ROAD 5TH FLOOR ALBANY NY 12203 ARCHITECTS FOR NEW RESIDENCE HALL 1111909 EAB PO BOX 603519 CHARLOTTE NC 282603519 STUDENT MARKETING FOR ADMISSIONS 634070 LEADING DESIGN AND DEVELOPMENT LLC 13384 BERLIN TURNPIKE LOVETTSVILLE VA 20180 INSTALLATION OF TURF FIELD 469500 13 4026496 9447595 609993 13474091 GROSS TUITION 611600 45937441 45937441 AUXILIARY ENTERPRISES 713990 7412049 6765882 646167 OTHER EDUCATIONAL AND GENERAL 611600 394003 394003 53743493 1725237 1725237 28116662 26307768 1808894 1808894 1808894 70751715 53097326 646167 3534131 X 23287938 23287938 1169552 828763 291914 48875 17451019 12366067 4355685 729267 672315 476413 167806 28096 2038423 1444459 508780 85184 1321370 936344 329807 55219 33385 23657 8333 1395 90042 63805 22474 3763 268801 268801 7104549 5034395 1773259 296895 231182 163819 57702 9661 692270 490553 172787 28930 1792574 1270246 447417 74911 769434 545233 192047 32154 4385739 3107804 1094658 183277 328148 232531 81904 13713 UTILITIES AND TELECOMMU 1871147 1325924 467029 78194 POSTAGE, DUPLICATING AN 388098 275013 96867 16218 FEES AND RELATED EXPENS 344398 244045 85961 14392 BOOKS AND PUBLICATIONS 310884 220297 77595 12992 242377 171752 60496 10129 64793645 52509058 10561322 1723265 1056380 2830867 76683 310678 1547886 1324633 3094930 3100196 129574 322393 276976 140995341 76615569 64889617 64379772 46718991 48078087 46401975 51553339 10701946 9590014 174940375 181444562 3880239 4425592 412231 611503 15800000 14882000 4219539 3957688 6362619 7223975 30674628 31100758 X 43719493 42774291 27824432 28801014 72721822 78768499 144265747 150343804 174940375 181444562 X 5958070 1553926 -1433939 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 0 1 1 0.00 0 99715827 6544158 4993731 4349077 106904639 91295043 5275105 7167781 4022102 99715827 80899929 4237546 9983781 3826213 91295043 83671464 3424230 -3368228 2827537 80899929 83449740 4615855 -203233 4190898 83671464 0.04890 0.73250 0.21860 1 0 544775 544775 90127173 42491359 47635814 24036898 12293192 11743706 22829331 21108324 1721007 3457164 722694 2734470 64379772 FIXED INCOME BONDS 13673343 F REAL ESTATE INVESTMENTS 6217365 F HEDGE FUNDS/ALTERNATIVE 31662631 F 51553339 INTEREST HELD IN TRUST BY OTHERS 9209264 CASH AND SHORT TERM INVESTMENTS 380750 9590014 SPLIT INTEREST AGREEMENTS 1567393 REFUNDABLE ADVANCES FROM US GOVERNMENT 2398888 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1144646 INTEREST RATE SWAP 850911 DEFERRED BUILDING IMPROVEMENT LIABILITIES 883453 CAPITAL LEASE OBLIGATIONS 378684 7223975 X 47314963 1553926 -1433939 119987 47194976 268801 23287938 23556739 70751715 41236906 0 41236906 268801 23287938 23556739 64793645 PART II, LINE 9: THE CONSERVATION EASEMENT IS NOT REPORTED ON THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR INSTRUCTION, SCHOLARSHIPS, AND ACADEMIC SUPPORT. PART X, LINE 2: THE COLLEGE FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO INCOME STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. 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 FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED JUNE 30, 2019, 2018, 2017, AND 2016 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE COLLEGE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $727,183 AND INTEREST RATE SWAP AGREEMENT $706,756 PART XI, LINE 4B PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $19,214,584, FINANCIAL AID SCHOLARSHIPS FUNDED $4,073,354 PART XII, LINE 4B PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $19,214,584, FINANCIAL AID SCHOLARSHIPS FUNDED $4,073,354. 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 NON-DISCRIMINATION POLICY IS PLACED ON ALL PUBLICATIONS AND PRINTED MATERIALS. SPECIFICALLY, THE POLICY APPEARS ON THE APPLICATION MATERIALS, LETTERS TO POTENTIAL STUDENTS AND ON THE ORGANIZATION'S WEBSITE. SCHEDULE E, PART I, LINE 6 HOOD COLLEGE RECEIVES THE FOLLOWING FEDERAL ASSISTANCE: DIRECT STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION AND THE STATE OF MARYLAND. US DEPARTMENT OF EDUCATION PASS-THROUGH GRANT FUNDING FROM THE STATE OF MARYLAND. GRANT AWARDS FROM MARYLAND DEPARTMENT OF COMMERCE, US DEPARTMENT OF COMMERCE, US DEPARTMENT OF DEFENSE, US DEPARTMENT OF AGRICULTURE, US DEPARTMENT OF JUSTICE, AND THE NATIONAL SCIENCE FOUNDATION. 1 HOOD COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS ATTENDING THE COLLEGE 1157 23287938 PART I, LINE 2: ALL HOOD COLLEGE GRANTS, COLLEGE WORK-STUDY AWARDS, PERKINS LOANS AND MOST STAFFORD LOANS ARE BASED ON FINANCIAL NEED. HOOD SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT AS EVALUATED THROUGH THE STUDENT'S HIGH SCHOOL RECORD AND SAT SCORES. MANY SCHOLARSHIP RECIPIENTS' TOTAL FINANCIAL AID PACKAGES ALSO INTEGRATE NEED BASED AWARDS. ALL GRANTS AND AWARDS REQUIRE REPORTING OF FUND USAGE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHARLES G MANN TREASURER AND VP OF FINANCE 181760 0 0 0 594 0 9331 0 15009 0 206694 0 0 0 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT 282995 0 0 0 3022 0 63437 0 44473 0 393927 0 0 0 WILLIAM J BROWN JR VP OF ENROLLMENT MANAGEMENT 156290 0 0 0 594 0 8195 0 14009 0 179088 0 0 0 DEBORAH RICKER VP OF ACADEMIC AFFAIRS AND PROVOST 173415 0 0 0 207 0 8963 0 12699 0 195284 0 0 0 NANCY GILLECE VP INSTITUTIONAL ADVANCEMENT 144255 0 0 0 387 0 7339 0 8882 0 160863 0 0 0 A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 2010-07-18 15800295 BUILDINGS AND STRUCTURES, LAND 0 0 0 A 15800295 219300 15580995 2011 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 BB&T 12.000000000000 1 0 0 0 1 A 1 PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED ON SEPTEMBER 23, 2019. X 33 609993 SALES PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS OR A DESIGNATED REPRESENTATIVE OF THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY OF HOOD COLLEGE IS THAT EACH MEMBER OF THE BOARD SHALL EXECUTE AND SUBMIT ON AN ANNUAL BASIS DURING HER/HIS TERM OF SERVICE A DISCLOSURE OF INTEREST STATEMENT. THE CHAIRPERSON OF THE BOARD, IN CONJUNCTION WITH THE MANAGEMENT OF THE COLLEGE, MONITORS THE SUBMISSION OF THESE FORMS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 PER THE BYLAWS, THE EXECUTIVE/COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO SET THE PRESIDENT'S SALARY. DECISIONS REGARDING THE PRESIDENT'S SALARY ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE/COMPENSATION COMMITTEE AND BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO AID IN THE DETERMINATION OF HIRING SALARIES AS WELL AS ON-GOING ADJUSTMENTS. SALARY REVIEWS AND ADJUSTMENTS FOR ALL EMPLOYEES, EXCLUDING THE PRESIDENT, ARE PERFORMED PERIODICALLY BY SUPERVISORS. RECOMMENDATIONS ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, THE BUDGET DIRECTOR, AND THE DIVISIONAL VICE PRESIDENT. SALARY ADJUSTMENTS ARE APPROVED BY THE VICE PRESIDENT FOR FINANCE & TREASURER OR THE PRESIDENT. THE LAST SUCH SALARY REVIEW TOOK PLACE IN JULY 2019 FOR STAFF AND SALARY AND IN OCTOBER 2019 FOR THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 HOOD COLLEGE MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, A COPY OF THE 990 IS AVAILABLE FOR REVIEW ON THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G CONSULTING EXPENSES: PROGRAM SERVICE EXPENSES 5,034,395. MANAGEMENT AND GENERAL EXPENSES 1,773,259. FUNDRAISING EXPENSES 296,895. TOTAL EXPENSES 7,104,549. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -727,183. CHANGE IN VALUE OF SWAP AGREEMENTS -706,756. HOOD COLLEGE FOUNDATION 401 ROSEMONT STREET FREDERICK MD 21701 521961144 SUPPORT OF HOOD COLLEGE MD 501(C)(3) LINE 12B, II HOOD COLLEGE 1 HOOD COLLEGE LP 401 ROSEMONT AVENUE FREDERICK MD 21701 521969014 INVESTING MD N/A N/A 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0