2020-07-13T15:07:23-05:00 2019-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2018-07-01 042103578 The Trustees of Mount Holyoke College % Ellen Rutan - Comptroller TRUS 4135383674 50 COLLEGE STREET SOUTH HADLEY MA 01075 ELLEN RUTAN COMPTROLLER 4135383674 2020-07-10 true SHY JOSEPH P01085371 6179881000 2020-07-08 199.206.0.5 04502320201955000018 2020-07-13 P 48605DF03A80FB7C683A68A413714D0F9DD190DE 5CE8C045D451A9174E08B035B8C1F7990FA45DBA 2018 2021-01-29 14:40:06Z MOUNT HOLYOKE COLLEGE SONYA STEPHENS 50 COLLEGE STREET SOUTH HADLEY MA 01075 259225235 false X WWW.MTHOLYOKE.EDU X 1836 MA SEE SCHEDULE O 30 28 3326 1185 -1415961 37088549 24513999 117509964 140776970 41797266 43661120 21680587 8747083 218076366 217699172 54818729 56008759 0 0 88786425 91680154 0 0 7885694 58824387 61392655 202429541 209081568 15646825 8617604 1069072820 1083472761 187185104 183685524 881887716 899787237 X SEE SCHEDULE O false false 141298411 56008759 118364300 *Instruction, Research, Academic Support and Library Services* Mount Holyoke College enrolls approximately 2,300 undergraduate students who benefit from small group instruction in a diverse college community with a student-to-faculty ratio of 9 to 1. Mount Holyoke's 200 accomplished faculty members are innovative teachers dedicated to their students. They are also active scholars, research scientists, and creative artists passionate about their disciplines. The College offers 48 departmental and interdepartmental majors. Through the liberal arts education, students explore art, literature, languages, philosophy, politics, history, mathematics and science rather than choosing one specialized track of study. The liberal arts also transcend the classroom. Students gain a complex understanding of the world in which they live through internships, study abroad, community-based learning, volunteer work and independent research. In addition to its undergraduate program, the College, through its division of Professional and Graduate Education (PAGE), offers a range of graduate degree programs, institutes, and courses to support emerging leaders, scientists and educators who want to increase their scope of impact in their respective fields. An integral part of the college community, Library and Information Technology Services facilitates the creative use of information and technology. It supports the educational priorities of the College by providing instruction, materials, staff expertise and equipment to sustain learning, teaching, research and the College's administrative functions. 29841894 14999809 *Student Services and Residential Life* Engagement, peer mentorship and self governance are the foundations of Mount Holyoke's residential program. To this end, most residence halls house members of all four classes along with vibrant Living-Learning Communities, including a residence hall dedicated exclusively to the enhancement of the first year experience. The College offers housing in many configurations to meet the developing needs of students. Each residence hall is unique in design and character. Along with being committed to academic success, Mount Holyoke cares about the overall well being of students. The College offers a range of health, counseling, public safety, and accessibility services to support the needs of its students. The Office of Student Programs supports more than 100 student organizations and presents a wide array of cultural, entertainment and social events, in addition to advising on event planning, new ideas, leadership skills and general student organization dynamics. 10614657 15556633 *Dining Services* At Mount Holyoke College, dining continues to be an integral part of a student's educational experience. During fiscal year 2018, the College constructed a new Dining Commons (DC) within its newly renovated Community Center, a hub of student life where community members can converse, collaborate, and relax with one another. The DC features nine food stations that promote health, wellness and sustainability by focusing on international cuisine, vegan options and avoiding food with allergens. With seating in six distinctive dining rooms, the DC offers students the opportunity to interact with one another, as well as with members of the entire campus community. These intentionally designed spaces provide students with a strong foundation from which to imagine and envision future possibilities, both curricular and co-curricular. These new spaces not only connect students to each other, but also to the beauty of the College's campus and provide new opportunities for creative work, thus maintaining the intimacy and purpose of the Mount Holyoke community dining experience. Dining Services is responsible for all Community Center cash operations, vending, a bakery, and a warehouse. The qualified and experienced culinary production and service staff are dedicated to providing fresh, nutritious, well-prepared foods and offering diverse and extensive menu options for the entire Mount Holyoke College community. 181754962 true true false true false false false true false true true true false false true true false true true true true false true false true false false true true true true false false false false false false true false false true true true false false false true true true false true 2942 0 true 3326 true true true true FR false false false true true false false false false false false X 30 28 false false false false false true false true true false false true true true true true true true true false CA MA X X Ellen Rutan - Comptroller 4135382713 50 College Street South Hadley MA 01075 BARBARA BAUMANN CHAIR 8.0 0.1 X 0 0 0 ELIZABETH BARBEAU TRUSTEE 2.0 0.1 X 0 0 0 JENNIE BERKSON TRUSTEE 2.0 0.1 X 0 0 0 LORI BETTISON-VARGA TRUSTEE 2.0 0.1 X 0 0 0 ELIZABETH COCHARY GROSS TRUSTEE 4.0 0.1 X 0 0 0 KATHERINE E COLLINS TRUSTEE 6.0 0.1 X 0 0 0 ERIN ENNIS TRUSTEE 2.0 0.1 X 0 0 0 CARRIANNA K FIELD TRUSTEE 2.0 0.1 X 0 0 0 ELLEN J FLANNERY TRUSTEE 2.0 0.2 X 0 0 0 HEATHER HARDE TRUSTEE 2.0 0.1 X 0 0 0 RHYNETTE NORTHCROSS HURD TRUSTEE 4.0 2.1 X 0 0 0 DEBRA MARTIN CHASE TRUSTEE (UNTIL 5/31/19) 2.0 0.1 X 0 0 0 ANNE MCKENNY TRUSTEE 2.0 0.1 X 0 0 0 DAVID MAHONEY TRUSTEE 2.0 0.1 X 0 0 0 CAMILLE MALONZO TRUSTEE 2.0 0.1 X 0 0 0 KC MAURER TRUSTEE 2.0 0.1 X 0 0 0 NATASHA MOHANTY TRUSTEE 2.0 0.1 X 0 0 0 MARIA MOSSAIDES TRUSTEE 2.0 10.1 X 0 0 0 ELLEN HYDE PACE TRUSTEE 2.0 0.1 X 0 0 0 ELIZABETH A PALMER TRUSTEE 6.0 0.1 X 0 0 0 JENNIFER ROCHLIS TRUSTEE 4.0 0.1 X 0 0 0 GARETH ROSS TRUSTEE 2.0 0.1 X 0 0 0 RAJ SESHADRI TRUSTEE 2.0 0.1 X 0 0 0 KARENA STRELLA VICE CHAIR 4.0 0.1 X 0 0 0 MONA SUTPHEN TRUSTEE 4.0 0.1 X 0 0 0 MICHELLE TOH TRUSTEE 2.0 0.1 X 0 0 0 LOUISE WASSO TRUSTEE 4.0 0.1 X 0 0 0 SARAH WELLS TRUSTEE 2.0 0.1 X 0 0 0 ELIZABETH WEATHERMAN TRUSTEE 4.0 0.1 X 0 0 0 ELIZABETH WHARFF TRUSTEE 2.0 0.1 X 0 0 0 SONYA STEPHENS PRESIDENT 60.0 1.0 X X 805956 0 65470 GAIL BERSON VP FOR ENROLL & DEAN OF ADMIN 50.0 0.0 X 148613 0 23549 CHARLES GREENE II VP FOR COMM & MARKETING 50.0 0.0 X 189629 0 21850 SHANNON D GUREK VP FOR FIN & ADMIN & TREASURER 50.0 1.0 X 292395 0 46892 KASSANDRA JOLLEY VP FOR ADVANCEMENT 50.0 0.0 X 264779 0 47379 ROBIN RANDALL VP FOR ENROLLMENT MANAGEMENT 50.0 0.0 X 72729 0 14013 LENORE REILLY SECRETARY OF THE COLLEGE 50.0 1.0 X 158920 0 24917 MARCELLA RUNELL HALL VP FOR STUD LIFE & DEAN OF STU 50.0 0.0 X 181894 0 55617 KIJUA SANDERS-MCMURTRY VP FOR EQUITY&INCLUSION&CDO 50.0 0.0 X 73298 0 17746 JON WESTERN VP FOR ACAD AFF & DEAN FACULTY 50.0 0.0 X 238343 0 80592 HEIDI FRIEDMAN ASSOCIATE VP HUMAN RESOURCES 50.0 0.0 X 167627 0 29701 KEITH MICHEL EXEC DIR FOR LEADERSHIP GIFTS 50.0 0.0 X 200320 0 41237 EVA PAUS PROF OF ECON&DIR-CTR FOR GLOB 50.0 0.0 X 191444 0 41953 MARK PETERSON PROF OF PHYSICS & MATHEMATICS 50.0 0.0 X 218402 0 31182 ALEXANDER WIRTH-CAUCHON CIO&EXEC DIR OF LIB INFO&TECH 50.0 0.0 X 185940 0 28468 3390289 0 570566 139 false true false CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02110 INVESTMENT CONSULT 1120000 BERGMEYER ASSOCIATES INC 51 SLEEPER STREET BOSTON MA 02210 ARCHITECTURAL DESIGN 776576 ATLAS VENTURE FUND 400 TECHNOLOGY SQUARE 10TH FLOOR CAMBRIDGE MA 02139 INVESTMENT MGMT 713513 ADAGE CAPITAL PARTNERS 200 CLARENDON STREET 52ND FLOOR BOSTON MA 02116 INVESTMENT MGMT 486447 CEDAR ROCK CAPITAL PARTNERS 11 BROADWAY SUITE 965 NEW YORK NY 10019 INVESTMENT MGMT 455423 34 13035 4596095 19904869 3284975 24513999 Tuition and Fees 611310 110351805 110351805 ROOM AND BOARD 611310 30399122 30399122 Educational Performances 611310 26043 26043 140776970 8691563 -1959382 10650945 7281 7281 1082 1082 577660 412217 165443 0 165443 165443 75802534 25454 40865712 34936822 25454 34962276 105692 34856584 5600 13035 6543 -943 -943 0 0 0 398911 241591 157320 157320 Public Safety Collaborative 611310 2370890 2370890 Educational Conferences 721000 1141617 746338 395279 All other revenue 611310 4911674 4869224 42450 8424181 217699172 148920742 -1415961 45680392 175085 175085 46344112 46344112 9489562 9489562 0 3047758 799468 1921871 326419 0 66611766 59261505 4198305 3151956 6807948 6057031 428901 322016 10304321 9167755 649172 487394 4908361 4366969 309227 232165 565832 321523 111106 133203 308683 78465 230218 209600 418 209182 0 0 6529308 6529308 6439767 4186905 2122032 130830 85677 51309 34268 100 5026714 4244507 594272 187935 1217929 728143 488154 1632 6419 6419 3994111 3713494 116874 163743 1871611 1522093 146698 202820 0 316437 244801 52952 18684 4995966 4815888 70680 109398 472147 250480 185505 36162 10892577 10514240 148497 229840 3803117 3102957 683714 16446 Allocated Expenses 0 318694 -318694 PUBLIC SAFETY COLLAB EXPENSES 2329550 2329550 Alumnae Association Support 2025000 2025000 All other expenses 10302210 9663589 528670 109951 209081568 181754962 19440912 7885694 0 0 46429157 25341826 19333485 17663413 2112224 2111445 0 0 0 0 238825 238824 878857 857342 1549923 1286375 445691351 247621888 198006310 198069463 82609496 86690031 692403240 730280499 16015658 14389426 0 0 9495645 6544117 1069072820 1083472761 10433788 8234415 0 0 1891552 1710090 125405480 122783597 0 0 0 0 0 0 0 0 49454284 50957422 187185104 183685524 X 165371571 178291013 397994685 0 318521460 721496224 881887716 899787237 1069072820 1083472761 X 8617604 6755164 2526753 X false true X true true true X 26816781 59377192 27899461 37088549 24513999 175695982 0 0 26816781 59377192 27899461 37088549 24513999 175695982 15446572 160249410 5847935 6981924 14862793 14514381 11236968 53444001 42198 42198 14119224 13917952 14842504 15547138 398911 58825729 288007910 625500665 0.55641 0.53790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5000 5000 false PART II-B, LINE 1A The College pays membership dues to organizations that address state and federal regulatory issues for the collective benefit of member-institutions. The organizations notify the College of the approximate amount of membership dues used for lobbying expense. 237250 16003361 X X X X false 777739103 8507067 49907925 12262691 22959616 6728095 794203693 729438097 20696541 70124576 12146828 23051724 7321559 777739103 667564847 5998824 91894441 12081547 15361432 8577036 729438097 703010972 19587426 -11635853 11809408 22873279 8715011 667564847 713514514 6994177 23644106 11486690 21890807 7764328 703010972 0.16000 0.38000 0.46000 false false 28208841 28208841 198036882 72058558 125978324 98298325 61165915 37132410 64729090 60815389 3913701 56418213 53582026 2836187 198069463 FIXED INC MUT/COMINGLED FUNDS 10586829 F EQUITY MUTUAL/COMINGLED FUNDS 324974888 F HEDGE FUNDS 183481680 F PRIVATE EQUITY-REAL ASSETS 54268167 F VENTURE CAPITAL 131110396 F PRIVATE EQUITY-OTHER 22535052 F OTHER 3323487 F 730280499 0 INTEREST RATE SWAP LIABILITY 10820306 FAS 158 PENSION LIABILITY 4832185 FIN 47 CONDITIONAL ASSET RETIREMENT OBLIGATION 12248518 457(B) PENSION LIABILITY 310468 REFUNDABLE GOVERNMENT ADVANCES 3986339 SPLIT INTEREST OBLIGATION 18759606 50957422 X 224363892 6755164 -727822 6027342 218336550 -637378 -637378 217699172 206470785 4117312 4117312 202353473 6728095 6728095 209081568 PART III, LINE 4 ART MUSEUM The College maintains more than 24,000 works of art from antiquity to the present that comprise the permanent collection of the Mount Holyoke College Art Museum. Particular strengths within this collection include ancient Mediterranean art and artifacts, paintings, sculpture, and decorative art from Europe and the United States, and modern and global contemporary art. Categories of significant depth include photography, glass, ceramics, prints and drawings, and numismatics. This culturally and chronologically diverse collection is an important teaching and learning resource for faculty and students in all disciplines, and serves as a major cultural resource for area schools and the general public. Dedicated to providing firsthand experiences with works of significant aesthetic and cultural value, the Museum develops exhibitions that aim to provide aesthetic enjoyment, stimulate inquisitive looking and encourage understanding of artistic achievements across a diversity of cultures and time periods. Selected works of art are installed in the Art Museum's ten galleries and reception hall on a rotating basis and the Museum produces several special exhibitions each year in addition to its display of works from the permanent collection. The Museum integrates its collections, exhibitions and scholarly research with the curriculum of the College and the interests of the general public. PART V, LINE 4 Mount Holyoke's endowment consists of more than 1,770 individual funds established for a variety of purposes, including both donor restricted endowment funds and funds designated by the College to function as endowments. About 26% of the endowment income used to support the College's operations is unrestricted. Most of the endowed funds contain specific restrictions for the support of critical functions such as financial aid for students with demonstrated need, faculty salaries, library purchases, student and faculty research, internships and departmental programming. Endowment income provides approximately 26% of the College's annual operating budget revenues. PART X, LINE 2 The College is a tax-exempt organization as described in Section 501(C)(3) of the Internal Revenue Code and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The College assesses uncertain tax positions and determined that there were no such positions that have a material effect on the financial statements. PART XI, LINE 2D OTHER ADJUSTMENTS WILLITS HALLOWELL CENTER REVENUE 1,878,900 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,121,373 ENDOWMENT EXPENSES -6,728,095 ------------------- TOTAL -727,822 PART XI, LINE 4B OTHER ADJUSTMENTS COST OF GOODS SOLD -241,591 FUNDRAISING EXPENSES -6,543 FACULTY HOUSING EXPENSES -389,244 ---------------------- TOTAL -637,378 PART XII, LINE 2D OTHER ADJUSTMENTS WILLITS HALLOWELL CENTER EXPENSES 1,947,822 COST OF GOODS SOLD 241,591 FUNDRAISING EXPENSES 6,543 FACULTY HOUSING EXPENSES 389,244 CHANGE IN FAS PENSION OBLIGATION 806,928 CHANGE IN VALUE OF INTEREST RATE SWAPS 725,184 ---------------------- TOTAL 4,117,312 true true true true true true true false false false false false false false false true false true PART I, LINE 3 The College follows a nondiscriminatory policy toward students, faculty and staff, and with regard to students, includes this policy in most brochures and catalogs pertaining to student admissions, programs and scholarships. The College's non-discrimination statement is also available on its website landing page. Mount Holyoke College has approximately 2,300 students who hail from 48 states and 61 countries. The College demonstrates its commitment to diversity by enrolling students of minority groups in meaningful numbers. The racially diverse student body consists of approximately 26% who are international citizens. Out of domestic students, 26% identify as African American, Native American, Asian, Latina, or multiracial. PART I, LINE 6A The College receives federal grants for faculty research and student scholarships. true Central America and the Caribbean Program Services Grant Aid 176087 Central America and the Caribbean Program Services Study Abroad 49527 Central America and the Caribbean Program Services Research 10978 Central America and the Caribbean Investments 228361734 East Asia and the Pacific Program Services GranT Aid 4147185 East Asia and the Pacific Program Services Study Abroad 16108 East Asia and the Pacific Program Services Research 13254 East Asia and the Pacific Program Services Recruitment 42268 East Asia and the Pacific Fundraising Alumnae Meetings 28476 Europe (Including Iceland and Greenland) Program Services Grant Aid 345560 Europe (Including Iceland and Greenland) 1 1 Program Services Study Abroad 260566 Europe (Including Iceland and Greenland) Program Services Research 113754 Europe (Including Iceland and Greenland) Program Services Recruitment 10680 Europe (Including Iceland and Greenland) Fundraising Alumnae Meetings 23075 Europe (Including Iceland and Greenland) Investments 13306082 Middle East and North Africa Program Services Grant Aid 328280 Middle East and North Africa Program Services Research 654 North America Program Services Grant Aid 102937 North America Program Services Research 38988 North America Program Services Recruitment 1952 Russia and the Newly Independent States Program Services Grant Aid 192936 Russia and the Newly Independent States Program Services Research 8837 South America Program Services Grant Aid 119976 South America Program Services Research 4385 South America Program Services Recruitment 2067 South Asia Program Services Grant Aid 2985833 South Asia Program Services Recruitment 25662 South Asia Fundraising Alumnae Meetings 12752 Sub-Saharan Africa Program Services Grant Aid 1090768 Sub-Saharan Africa Program Services Research 29814 1 1 1 1 247234268 4616907 251851175 Financial Assistance Central America and the Caribbean 5 176087 Acct Credit Financial Assistance Europe (Including Iceland and Greenland) 12 345560 Acct Credit Financial Assistance East Asia and the Pacific 194 4147185 Acct Credit Financial Assistance Middle East and North Africa 8 328280 Acct Credit Financial Assistance North America 5 102937 Acct Credit Financial Assistance Russia and the Newly Independent States 6 192936 Acct Credit Financial Assistance South America 3 119976 Acct Credit Financial Assistance South Asia 93 2985833 Acct Credit Financial Assistance Sub-Saharan Africa 34 1090768 Acct Credit true false true true true true PART I, LINE 2 All Financial Aid grants and scholarships to Mount Holyoke College degree-seeking students who are citizens of foreign countries are recorded in the financial aid management software, Powerfaids, by amount per semester. Student Financial Services staff determine student eligibility based on a consistently applied need analysis formula which calculates the expected family contribution (EFC). The EFC is subtracted from the total cost of attendance to equal the financial aid eligibility. The financial aid grant amount is determined based on consistently applied packaging formulas to meet the full calculated need of each student. In addition to the need based aid, there are some grants that are awarded based on merit or other factors. Financial aid grant funds are monitored through the financial aid management software, PowerFAIDS. Staff who will be awarding financial aid grant funds are trained to adhere to these policies and procedures. The financial aid grant information is transferred from PowerFAIDS to the student information system, Ellucian Colleague, via a regularly scheduled interface. When all institutional grant disbursement requirements are met, the funds are disbursed to the student account in Colleague. The funds are credited against any billed charges that have been previously posted. For the limited number of students where this results in a credit balance, the credit may be refunded to the student in the form of a check. The student initiates this refund process by submitting a completed Disbursement Form or Credit Balance Request Form. Student eligibility is monitored throughout the period of enrollment and adjustments are made, as necessary, for changes in enrollment status according to the College's published refund policies. FrndofAthletics 18635 13035 5600 500 3560 2483 0 18635 13035 5600 500 3560 2483 6543 -943 true Columbia University Sponsored Projects Finance PO Box 29789 New York NY 100879789 135598093 501(c)(3) 62357 Sub-award for grant research Town of South Hadley 116 Main Street South Hadley MA 01075 046001303 115 60000 Support for fire dept capital equip fund Five Colleges Incorporated 97 Spring Street Amherst MA 010022324 046134696 501(c)(3) 32285 Suppt for Five Coll Ctr for Study-WldLan WFCR Hampshire House Amherst MA 01003 046130523 501(c)(3) 11543 Gen support for local public radio statn 4 Fin aid&fellowships for US citizens for tuit,rm,bd 1342 46344112 PART I, LINE 2 All financial aid grants and scholarships to students who are United States citizens are recorded in the financial aid management software, PowerFAIDS, by amount per semester. Student Financial Services staff determine student eligibility based on a consistently applied need analysis formula which calculates the expected family contribution (EFC). The EFC is subtracted from the total cost of attendance to equal the financial aid eligibility. The financial aid grant amount is determined based on consistently applied packaging formulas to meet the full calculated need of each student. In addition to the need based aid, there are some grants that are awarded based on merit or other factors. Financial aid grant funds are monitored through the financial aid management software, PowerFAIDS. Staff who will be awarding financial aid grant funds are trained to adhere to these policies and procedures. The financial aid grant information is transferred from PowerFAIDS to the student information system, Ellucian Colleague, via a regularly scheduled interface. When all institutional grant disbursement requirements are met, the funds are disbursed to the student account in Colleague. The funds are credited against any billed charges that have been previously posted. If this transaction results in a credit balance, the credit may be refunded to the student in the form of a check. The student initiates this refund process by submitting a completed Disbursement Form or Credit Balance Request Form. Student eligibility is monitored throughout the period of enrollment and adjustments are made, as necessary, for changes in enrollment status according to the College's published refund policies. During the fiscal year, the College conducted grant-funded research. Four of the research grants included collaboration with institutions whose faculty are accomplished in their respective fields of study. Infrequently at the discretion of the President or Vice President for Finance and Administration, the College makes donations to support the town or nonprofit organizations. In these instances, the College generally does not monitor the ultimate use of the funds as these amounts are unrestricted grants to municipalities and organizations that are recognized as being described in Internal Revenue Code Section 501(C)(3). In certain instances when the College grants funds for specified use by the town, the College maintains a written agreement that such grant will be used for the designated purpose. X X X true true X X X X X false false false false false false false false false SONYA STEPHENS PRESIDENT 448094 0 0 0 357862 0 28875 0 36595 0 871426 0 0 0 GAIL BERSON VP FOR ENROLL & DEAN OF ADMIN 148613 0 0 0 0 0 16021 0 7528 0 172162 0 0 0 CHARLES GREENE II VP FOR COMM & MARKETING 170728 0 0 0 18901 0 0 0 21850 0 211479 0 0 0 SHANNON D GUREK VP FOR FIN & ADMIN & TREASURER 292395 0 0 0 0 0 28875 0 18017 0 339287 0 0 0 KASSANDRA JOLLEY VP FOR ADVANCEMENT 264779 0 0 0 0 0 28229 0 19150 0 312158 0 0 0 LENORE REILLY SECRETARY OF THE COLLEGE 158920 0 0 0 0 0 16891 0 8026 0 183837 0 0 0 MARCELLA RUNELL HALL VP FOR STUD LIFE & DEAN OF STU 181894 0 0 0 0 0 19714 0 35903 0 237511 0 0 0 JON WESTERN VP FOR ACAD AFF & DEAN FACULTY 238343 0 0 0 0 0 25532 0 55060 0 318935 0 0 0 HEIDI FRIEDMAN ASSOCIATE VP HUMAN RESOURCES 167627 0 0 0 0 0 10591 0 19110 0 197328 0 0 0 KEITH MICHEL EXEC DIR FOR LEADERSHIP GIFTS 185320 0 0 0 15000 0 20097 0 21140 0 241557 0 0 0 EVA PAUS PROF OF ECON&DIR-CTR FOR GLOB 191444 0 0 0 0 0 20461 0 21492 0 233397 0 0 0 MARK PETERSON PROF OF PHYSICS & MATHEMATICS 218402 0 0 0 0 0 23137 0 8045 0 249584 0 0 0 ALEXANDER WIRTH-CAUCHON CIO&EXEC DIR OF LIB INFO&TECH 185940 0 0 0 0 0 19791 0 8677 0 214408 0 0 0 PART I, LINE 1A WHEN TRAVELING FOR COLLEGE BUSINESS INTERNATIONALLY, THE COLLEGE ALLOWS INDIVIDUALS TRAVELING TO SPECIFIC LIMITED AREAS OF THE WORLD TO FLY BUSINESS CLASS. IN CALENDAR YEAR 2018, THE VICE PRESIDENT FOR ADVANCEMENT HAD ONE SUCH OCCASION INVOLVING BUSINESS CLASS TRAVEL ON AN INTERNATIONAL FLIGHT. THE FARE WAS ACTUALLY LESS THAN OR EQUAL TO ECONOMY CLASS AT THE TIME OF BOOKING AND ONE LEG OF THIS FLIGHT HAPPENED TO BE FIRST CLASS. THE PRESIDENT FLEW FIRST CLASS ON A DOMESTIC FLIGHT DUE TO AN UNEXPECTED CHANGE IN TRAVEL PLANS AT WHICH TIME LOWER CLASS FARES WERE UNAVAILABLE. THE VICE PRESIDENT FOR ENROLLMENT HAD ONE OCCASION OF FIRST CLASS TRAVEL ON AN INTERNATIONAL FLIGHT. The Board of Trustees recognizes the unique role the President and other senior administrators play in supporting alumnae and advancement activities, campus events, and other official functions. Accordingly, as a condition of employment and for the convenience of the College, College owned or leased housing is provided to the President and the Vice President for Student Life and Dean of Students to fulfill these duties. Such housing provided to the President is approved by the Board of Trustees and housing provided to other senior administrators is approved by the President. For the President's house, the College provides custodial personnel and appropriate equipment and supplies necessary to keep the residence's appearance and cleanliness at acceptable standards. The cost for time spent cleaning the personal quarters of the President's house is included in the Form W-2 of the President. PART I, LINE 3 For a description of the process used to determine the President's compensation, please refer to Schedule O, Part VI, Section B, line 15. PART II, LINE 1, COLUMN B The Presidents compensation includes payment in lieu of sabbatical as part of the transition from her position as Dean of Faculty to President. A MA DEVELOPMENT FIN AGCY-MHC ISSUE SERIES 2011A&B 043431814 57583UFU7 2011-06-09 76131942 REFUND 2001B & CONSTRUCTION false false false B MA Developmnt Fin Agcy-MHC Issue Series2011A&2016A 043431814 000000000 2016-03-24 65305000 REFUND 2011A & CONSTRUCTION false false false C MA DEVELOPMENT FINANCE AGCY-MHC ISSUE SERIES 2016B 043431814 000000000 2016-11-30 33755000 TO REFUND 2008 BOND ISSUE false false false A 4015000 0 30418092 0 0 0 165299 0 0 30252793 0 0 2014 true false true true B 1300000 0 65515204 0 0 0 238907 0 0 25971297 39305000 0 2018 true false true true C 625000 0 33755000 0 0 0 226338 0 0 0 33528662 0 false true true true A false false false true false 0 0.00320 0.00320 false false false true B false false false false 0 0.00720 0.00720 false false false true C false false false false 0 false false false true A false false false true true false 0 false 0 false true B false false false true true false 0 false 0 false true C false true false true false false 0 false 0 false true A true B true C true PART II, LINE 3 06/09/2011 $76,131,942 Bond: LINE 3 OF PART II, COLUMN A REPORTS $30,418,092, WHICH IS EQUAL TO THE ISSUANCE PRICE RELATED TO THE 2011B BOND. THE 2011A BOND ISSUE WAS REISSUED ON MARCH 24, 2016, AND IS THEREFORE NOT INCLUDED IN COLUMN A. IT IS INSTEAD INCLUDED IN PART II, COLUMN B DUE TO ITS REISSUANCE. 03/24/2016 $65,305,000 Bond: The Series 2011A bond was reissued on March 24, 2016 in the stated principal amount of $39,305,000, and the Series 2016A bond was issued in the stated principal amount of $26,000,000. The total of these two issues (plus the investment earnings of $210,204) agrees to the amount reported on Line 3 of Part II, Column B. PART II, LINE 11 06/09/2011 $76,131,942 Bond: $45,144,582 represents the portion of the bond used to refund the College's 2001 bond issue. The projects funded by the 2001 bond issue were substantially completed in 2004. PART III, LINE 3C 06/09/2011 $76,131,942 Bond: The College receives government grant funding for basic research for the advancement of scientific knowledge with no commercial objective. Some research takes place in campus facilities that were constructed or renovated using tax-exempt bond proceeds; however, the College meets the safe harbor for reporting this research as not being private use. PART III, LINE 3D 06/09/2011 $76,131,942 Bond: Management reviews all contracts related to bond financed facilities and has engaged bond counsel to review any agreements that are deemed significant. PART IV, LINE 2C MA Development Finance Agency-MHC Issue Series 2011A and 2011B - Date the rebate computation was performed: 6/9/2019 MA Development Finance Agency-MHC Issue Series 2011A and 2016A - Date the rebate computation was performed: 1/31/2019 MA Development Finance Agency-MHC Issue Series 2016B - Date the rebate computation was performed: 11/3/2019 Rebate calculations: For the applicable bonds listed above in the Part IV, Arbitrage, Line 2c statement, the College contracted with a third party to prepare the rebate calculations on the dates as reported above for each respective bond issue. 18000 Tuition Exchange Tuition benefit for child 49780 Scholarship Grant Aid for Child Adage Capital Management Trustee's husband 537442 Investment false PART IV, LINE 1 The College has invested in Adage Capital Partners LP since October, 2001. This investment was vetted by Cambridge Associates LLC, an independent advisory firm that performs due diligence and makes recommendations for investments. The husband of Trusteee Elizabeth Cochary Gross is a partner at Adage Capital Management. X 4 227250 Opinions of experts X 190 3047725 Market value X 1 10000 Opinions of experts 7 false true true PART I, LINE 32B USE OF THIRD PARTIES For gifts of tangible real or personal property that do not meet the College's mission objectives, the College engages the services of an auction house or real estate agent to sell the property and transfer the proceeds to the College. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 THE MISSION OF MOUNT HOLYOKE COLLEGE IS TO PROVIDE AN INTELLECTUALLY ADVENTUROUS EDUCATION IN THE LIBERAL ARTS AND SCIENCES THROUGH ACADEMIC PROGRAMS RECOGNIZED INTERNATIONALLY FOR THEIR EXCELLENCE AND RANGE; TO DRAW STUDENTS FROM ALL BACKGROUNDS INTO AN EXCEPTIONALLY DIVERSE AND INCLUSIVE LEARNING COMMUNITY WITH HIGHLY ACCOMPLISHED, COMMITTED, AND RESPONSIVE FACULTY AND STAFF; TO CONTINUE BUILDING ON THE COLLEGE'S HISTORIC LEGACY OF LEADERSHIP IN THE EDUCATION OF WOMEN; AND TO PREPARE STUDENTS, THROUGH A LIBERAL EDUCATION INTEGRATING CURRICULUM AND CAREERS, FOR LIVES OF THOUGHTFUL, EFFECTIVE, AND PURPOSEFUL ENGAGEMENT IN THE WORLD. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 MOUNT HOLYOKE COLLEGE IS A HIGHLY SELECTIVE, NONDENOMINATIONAL, RESIDENTIAL, RESEARCH LIBERAL ARTS COLLEGE FOR WOMEN. THE COLLEGE'S LONG, DISTINGUISHED HISTORY OF EDUCATING LEADERS ARISES FROM A POWERFUL COMBINATION OF ACADEMIC EXCELLENCE IN A GLOBAL LEARNING ENVIRONMENT. AS THE FIRST OF THE SEVEN SISTERS - THE FEMALE EQUIVALENT OF THE ONCE PREDOMINANTLY MALE IVY LEAGUE - MOUNT HOLYOKE HAS LED THE WAY IN WOMEN'S EDUCATION, PREPARING STUDENTS FOR PURPOSEFUL ENGAGEMENT IN THE WORLD. PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION ACCORDING TO THE COLLEGE'S BY-LAWS, FIVE TRUSTEES, KNOWN AS ALUMNAE TRUSTEES, SHALL BE ELECTED BY THE ALUMNAE IN ACCORDANCE WITH THE BY-LAWS OF THE ALUMNAE ASSOCIATION. ONE ALUMNA TRUSTEE SHALL BE ELECTED EACH YEAR TO SERVE FOR A PERIOD OF FIVE YEARS. IN ADDITION, THE PRESIDENT OF THE ALUMNAE ASSOCIATION SHALL SERVE AS A SIXTH ALUMNA TRUSTEE DURING HER TERM OF OFFICE. THE ELECTION OF TRUSTEES, OTHER THAN ALUMNAE TRUSTEES, MAY BE HELD AT ANY REGULAR OR SPECIAL MEETING PROVIDED THAT WRITTEN NOTICE OF SUCH ELECTION, INCLUDING THE NAMES OF NOMINEES, HAS BEEN MADE AT LEAST THREE DAYS PRIOR TO THE MEETING. NOMINATIONS SHALL BE MADE BY THE NOMINATING AND GOVERNANCE COMMITTEE. PART VI, SECTION B, LINE 11B FORM 990 REVIEW ANNUAL REVIEW OF THE COLLEGE'S FORM 990 IS DELEGATED TO THE AUDIT COMMITTEE. THE NOMINATING AND GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE SECTIONS OF THE FORM 990 THAT PERTAIN TO COMPENSATION AND REPORTING BACK TO THE AUDIT COMMITTEE. THIS PROCESS PERMITS THE GROUP OF TRUSTEES (THE AUDIT COMMITTEE) WHO ARE MOST KNOWLEDGEABLE TO REVIEW THE DOCUMENT ON BEHALF OF THE ENTIRE BOARD. THE AUDIT COMMITTEE REPORTS ANY FINDINGS TO THE BOARD OF TRUSTEES AND THE COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH TRUSTEE PRIOR TO FILING. PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY THE COLLEGE REQUIRES EACH MEMBER OF THE BOARD OF TRUSTEES TO ELECTRONICALLY TRANSMIT A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY VIA THE COLLEGE'S SECURED WEBSITE. IN ADDITION, NON-TRUSTEE COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES WITH KEY RESPONSIBILITIES ARE ASKED TO ELECTRONICALLY SUBMIT CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. THE OFFICE OF THE PRESIDENT ENSURES THAT THE COMPLETED FORMS ARE RETURNED BY ALL TRUSTEES, AND THE OFFICE OF FINANCE AND ADMINISTRATION ENSURES THAT THE COMPLETED FORMS ARE RETURNED BY ALL NON-TRUSTEE COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES WITH KEY RESPONSIBILITIES. THE OFFICE OF FINANCE AND ADMINISTRATION COLLECTS AND RECORDS THE SUBMITTED DATA FROM THE SECURED WEBSITE. THE INFORMATION ON THE SUBMITTED FORMS IS SUMMARIZED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER WHO PROVIDES A COPY OF THE SUMMARY TO THE AUDIT COMMITTEE ANNUALLY. THE AUDIT COMMITTEE REVIEWS THE INFORMATION DISCLOSED AND ADVISES THE PRESIDENT AND THE CHAIR OF THE BOARD AS TO POTENTIAL CONFLICTS. THE AUDIT COMMITTEE MAY, AT ITS DISCRETION, DELEGATE THIS ANNUAL REVIEW TO THE CHAIR OF THE COMMITTEE. BY SIGNING THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM, EACH INDIVIDUAL AGREES TO ANSWER ANY QUESTIONS THAT BOARD MEMBERS MAY HAVE ABOUT POTENTIAL CONFLICTS. PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL ANNUALLY, THE HUMAN RESOURCES DEPARTMENT ASSEMBLES COMPARATIVE SALARY DATA FOR ALL SENIOR/EXECUTIVE POSITIONS AT THE COLLEGE INCLUDING: PRESIDENT AND ALL VICE PRESIDENTS AND THE SECRETARY OF THE COLLEGE. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2019 FOR EACH OF THE POSITIONS MENTIONED ABOVE. SALARY DATA FOR THESE EXECUTIVE POSITIONS IS COMPILED FROM THE ADMINISTRATORS IN HIGHER EDUCATION SALARIES SURVEY CONDUCTED ANNUALLY BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA -HR) AND ASSEMBLED AND ANALYZED USING SEVERAL VIEWS (25TH AND 75TH PERCENTILES, MEDIAN, AND MEAN) FOR SALARY DATA FROM ALL PRIVATE INDEPENDENT INSTITUTIONS HAVING A SIMILAR ENDOWMENT VALUE AND FALLING WITHIN A COMPARABLE BUDGET QUARTILE AS THAT OF MOUNT HOLYOKE COLLEGE. IN ADDITION, MOUNT HOLYOKE COLLEGE PARTICIPATES IN A SURVEY ON EXECUTIVE TOTAL COMPENSATION, WHICH IS CONDUCTED ANNUALLY BY A THIRD PARTY COMPENSATION CONSULTANT (CURRENTLY CONDUCTED BY SULLIVAN, COTTER & ASSOCIATES). TWENTY-SEVEN OF THE COLLEGE'S PEER INSTITUTIONS ALSO PARTICIPATE IN THIS SURVEY. SALARY DATA FROM THIS SURVEY IS ANALYZED IN A SIMILAR FASHION TO THE CUPA-HR DATA. THIS SALARY DATA, ALONG WITH SALARIES OF CURRENT MOUNT HOLYOKE COLLEGE INCUMBENTS, IS ASSEMBLED AND SHARED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND WITH THE CHAIR OF THE NOMINATING AND GOVERNANCE COMMITTEE. THE DATA IS THEN PRESENTED TO THE FULL NOMINATING AND GOVERNANCE COMMITTEE FOR DISCUSSION AND DECISION ON WHAT SALARY ADJUSTMENTS, IF ANY, WILL BE MADE. THE CHAIR OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW OF PERFORMANCE OF THE PRESIDENT. THE PRESIDENT IS RESPONSIBLE FOR OVERSIGHT OF PERFORMANCE MANAGEMENT FOR THE VICE PRESIDENTS. WITH REGARD TO THE PRESIDENT'S COMPENSATION, IN ADDITION TO COMPARATIVE PEER SALARY DATA, THE HUMAN RESOURCES DEPARTMENT ALSO ASSEMBLES A SUMMARY REPORT OF PRESIDENTIAL "TOTAL" SALARY. THIS REPORT IS ALSO REVIEWED BY AND DISCUSSED WITH THE NOMINATING AND GOVERNANCE COMMITTEE AND IS DISCUSSED WITH THE ENTIRE BOARD IN THEIR EXECUTIVE SESSION. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE COLLEGE'S OFFICERS MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD. THE COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE ORGANIZATION'S NOMINATING AND GOVERNANCE COMMITTEE. THE COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF ASSISTING THE BOARD IN FULFILLING ITS RESPONSIBILITY TO THE COLLEGE AND THE COMMUNITY TO ENSURE THE COMPENSATION IS IN ACCORDANCE WITH THE COLLEGE'S POLICIES. AS MENTIONED, PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE NOMINATING AND GOVERNANCE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY. THE COMMITTEE UTILIZES COMPENSATION SURVEYS THAT INCLUDE COMPARABLE INSTITUTIONS TO SET COMPENSATION LEVELS. FINALLY, THE NOMINATING AND GOVERNANCE COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR SETTING COMPENSATION CONCURRENTLY WITH THE MAKING OF THE DETERMINATION. PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE COLLEGE MAKES ITS BY-LAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE MOUNT HOLYOKE COLLEGE WEBSITE. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL. PART XI, LINE 9 WILLITS HALLOWELL CENTER SUPPORT (62,508) CHANGE IN VALUE OF INTEREST RATE SWAPS (725,184) CHANGE IN FAS 158 PENSION LIABILITY (806,928) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,121,373 -------------------- TOTAL 2,526,753 Willits Hallowell Center Inc c/o MHC 50 College St South Hadley MA 01075 042565823 MHC Meetings MA 501(c)(3) 12b,TYPE II MHC true Alumnae Assoc of Mount Holyoke College c/o MHC 50 College St South Hadley MA 01075 042105894 Alumnae Netwk MA 501(c)(3) 12a, TYPE I NA false Associated Kyoto Program Inc c/o Oberlin College 70 N Professo Oberlin OH 44074 042996114 Educ. Exchge MA 501(c)(3) 12c,TYPEIII NA false Center Redevelopment Corporation 17 College Street South Hadley MA 01075 042939950 Real Estate MA 501(c)(3) 12a, TYPE I MHC true The Center Business Corporation 17 College Street South Hadley MA 01075 042983326 Small bus invtmnt MA MHC C Corp -565 8547 1.00000 true Charitable Remainder Unitrusts (20) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true Charitable Remainder Unitrust Make Up(1) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true Perpetual Trust (1) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true Pooled Income Funds (2) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true false true false false false false false false false false false true true true false false true true true Willits Hallowell Center l 147117 Overhead Alloc. Willits Hallowell Center m 561512 Internal Sales Willits Hallowell Center n 350000 Est'd FMV- Bldg Willits Hallowell Center r 62508 Willits Subsidy Pooled Income Funds (2) s 211039 Mandatory Trans Charitable Remainder Unitrusts (20) s 1451620 Mandatory Trans