2020-07-14T13:26:59-05:00 2019-06-30 GRANT THORNTON LLP 75 STATE STREET 13 FL BOSTON MA 02109 990 2018-07-01 042104258 Gordon College % STEPHEN D LACORAZZA GORD 9788674883 255 GRAPEVINE ROAD WENHAM MA 01984 JOHN TRUSCHEL VICE PRESIDENT 9788674883 2020-07-13 true Erin Couture P01390592 6177237900 2020-07-13 74.104.185.25 26377520201965000027 2020-07-14 P 0066F1BAB6F971C3BEE059A14C19D04EC36A7E25 6AF54B1178547B833F1CE08032DECD9FC80B9155 2018 2021-01-29 14:40:06Z D MICHAEL LINDSAY 255 GRAPEVINE ROAD WENHAM MA 01984 149758085 false X WWW.GORDON.EDU X 1889 MA GORDON COLLEGE STRIVES TO GRADUATE MEN & WOMEN DISTINGUISHED BY INTELLECTUAL MATURITY AND CHRISTIAN CHARACTER, COMMITTED TO LIVES OF SERVICE AND PREPARED FOR LEADERSHIP WORLDWIDE. 33 31 852 41 0 0 11748236 59085163 78751960 81516737 2371463 2054724 519147 46661 93390806 142703285 27862562 29925764 0 0 40133877 40602294 56381 40990 3889121 26514702 25145363 94567522 95714411 -1176716 46988874 145212752 195126400 46407733 47270903 98805019 147855497 X GORDON COLLEGES PRIMARY RESPONSIBILITY IS TO PREPARE STUDENTS FOR THE LONG HAUL, TO MAKE THEM SPIRITUALLY, INTELLECTUALLY, RELATIONALLY AND PROFESSIONALLY READY FOR A LIFETIME OF GROWTH FROM THE FIRST JOB OUT OF COLLEGE AND BEYOND,[Continued on Schedule o] false false 64107903 29825696 60419669 HIGHER EDUCATION: OUR LARGEST PROGRAM SERVICE IS PROVIDING EDUCATION AND INSTRUCTION TO INDIVIDUALS GIVING THEM AN OPPORTUNITY TO EARN A DEGREE. GORDON COLLEGE IS THE ONLY NONDENOMINATIONAL CHRISTIAN LIBERAL ARTS COLLEGE IN NEW ENGLAND. IT OFFERS 40 MAJORS AND CONFERS 3 SEPARATE UNDERGRADUATE DEGREES; BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF MUSIC. UNDERGRADUATE ENROLLMENT OF 1618 STUDENTS IS DRAWN FROM 44 STATES AND 48 COUNTRIES. IN 2018-19, GORDON COLLEGE ISSUED 388 [Continuing in Schedule o] 17936787 18723902 AUXILIARY PROGRAMS RELATED TO THE EDUCATIONAL PROCESS FOR DORMITORY HOUSING, FOOD SERVICE, BOOKSTORE, LAVIDA OUTDOOR EXPERIENCE, BALANCE AND MOBILITY CENTER, SUMMER ATHLETIC CAMPS AND OTHER SUMMER PROGRAMS. THEREWERE 1418 RESIDENT STUDENTS IN THE FALL SEMESTER 2018 AND 1313 IN THE SPRING SEMESTER 2019. 1612281 100068 2373166 HIGHER EDUCATION: GORDON COLLEGE HAS GRADUATE PROGRAMS IN EDUCATION, MUSIC EDUCATION, LEADERSHIP, AND FINANCIAL ANALYSIS CONFERRING DEGREES IN MASTERS OF EDUCATION, MASTERS OF MUSIC EDUCATION, MASTER OF ARTS IN LEADERSHIP, AND MASTER OF SCIENCE IN FINANCIAL ANALYSIS. IN 2018-19, THE TOTAL OF UNDUPLICATED GRADUATE STUDENTS WAS 622 DRAWN FROM 22 STATES AND 16 COUNTRIES. GORDON COLLEGE CONFERRED 70 MASTERS DEGREES IN 2018-19. 83656971 true true false false false false false true true true true true false false true true false true true true true false true true false false false false true true true false false false false false true true false true false true true false false false true true false false false true X 320 0 true 852 true false true IT false false false false false false false false false false false false false X 33 31 true false false false false false false true true false false true true true true true true true true false MA X X STEPHEN D LACORAZZA 9788674883 GORDON COLLEGE 255 GRAPEVINE WENHAM MA 01984 Herman J Smith Jr Chairman of the Board 5.0 0.0 X X 0 0 0 Bradford Warner Treasurer and Clerk 5.0 0.0 X X 0 0 0 David Beatty Trustee 2.0 0.0 X 0 0 0 Timothy Breene Trustee 1.0 0.0 X 0 0 0 BILL BROWN TRUSTEE (SINCE 05/19) 1.0 0.0 X 0 0 0 Laura Fastie-Grapshi Trustee 1.0 0.0 X 0 0 0 Lisa Forkner Trustee 2.0 0.0 X 0 0 0 Dr John M Gurley Trustee 1.0 0.0 X 0 0 0 Peter Herschend Trustee 2.0 0.0 X 0 0 0 Dr Stuart Knechtle Trustee 1.0 0.0 X 0 0 0 Bronwyn Loring Assistant Clerk 1.0 0.0 X 0 0 0 NICOLE MARTIN TRUSTEE (SINCE 05/19) 1.0 0.0 X 0 0 0 Rev Dr Roberto Miranda Trustee 1.0 0.0 X 0 0 0 Barry Rowan Trustee 1.0 0.0 X 0 0 0 Rev Samuel Schreiner III Trustee 1.0 0.0 X 0 0 0 Santiago Sedaca Trustee 1.0 0.0 X 0 0 0 Dr Carrie Tibbles Trustee 2.0 0.0 X 0 0 0 Myron Ullman iii Vice Chair 5.0 0.0 X X 0 0 0 Suannah Young Trustee 1.0 0.0 X 0 0 0 Foster Chase Trustee 1.0 0.0 X 0 0 0 Dr Dorothy Chappell Trustee 2.0 0.0 X 0 0 0 REV David Wright Trustee 1.0 0.0 X 0 0 0 Dr Talal Debs Trustee 1.0 0.0 X 0 0 0 Douglas H Gilbert Trustee 1.0 0.0 X 0 0 0 Shapri LoMaglio Trustee 1.0 0.0 X 0 0 0 REID MACLELLAN TRUSTEE (SINCE 05/19) 1.0 0.0 X 0 0 0 Mark Norman Trustee 2.0 0.0 X 0 0 0 Mary Shahian Trustee (SINCE 05/19) 1.0 0.0 X 0 0 0 CHARLEY GEORGE TRUSTEE (SINCE 05/19) 1.0 0.0 X 0 0 0 JESSIE SAINTCYR TRUSTEE (SINCE 10/18) 1.0 0.0 X 0 0 0 JOHN SARGENT TRUSTEE (SINCE 10/18) 1.0 0.0 X 0 0 0 MADELYN SHIELDS TRUSTEE (SINCE 10/18) 1.0 0.0 X 0 0 0 GORDON HALL TRUSTEE(5/19)/VP FIN(9-12/18) 40.0 0.0 X X 35000 0 0 D Michael Lindsay President 60.0 0.0 X 327935 0 75040 MICHAEL AHEARN VP for finance and Admin. 60.0 0.0 X 159237 0 29076 Daniel Tymann Executive Vice President 60.0 0.0 X 160889 0 27478 Janel Curry Provost 60.0 0.0 X 164675 0 18629 Paul Edwards Senior VP for Advancement 60.0 0.0 X 266060 0 35562 John Truschel VP For Finance (SINCE 12/18) 60.0 0.0 X 17180 0 0 Richard Sweeney VP for Marketing & Stra.comm 60.0 0.0 X 136173 0 71548 Jennifer Jukanovich VP for student life 60.0 0.0 X 128947 0 26006 Janet Arndt DR.of Graduate prog.& Ass. pro 60.0 0.0 X 117714 0 11333 Brian Gardner Senior Philanthropic Advisor 60.0 0.0 X 105442 0 5960 Sandra Doneski Dean of Faculty 60.0 0.0 X 103663 0 23270 1722915 0 323902 16 false true false Bon Appetit Management Company PO Box 417632 BOSTON MA 02241 Dining Ser. Manage. 2845135 Windover Construction 66 Cherry Hill Drive suite 2 BEVERLY MA 01915 Building Constr. 2015389 Carr Enterprises LTD 100 Conifer Hill Dr Unit 315 DANVERS MA 01923 Building Constr. 924666 Wellington Trust Company 280 CONGRESS STREET BOSTON MA 02210 Investment Manage. 317156 McLean Painting Company 3 Southside Road Unit 3 DANVERS MA 01923 Painting Contractor 159550 9 574343 58510820 630095 59085163 TUITION FEES 611310 62129482 62129482 RESIDENCE HALL REVENUE 611310 10353599 10353599 BOARD PLAN 611310 4648387 4648387 SUMMER PROGRAMS 611310 849335 849335 BALANCE AND MOBILITY CENTER 621340 931779 931779 2604155 2604155 81516737 1451055 1451055 0 0 46661 46661 0 46661 46661 6815469 843000 6206955 847845 608514 -4845 603669 603669 0 0 0 0 0 0 0 0 0 0 142703285 81516737 2101385 0 25215121 25215121 4710643 4710643 0 1440541 1132586 307955 240974 215974 25000 28695191 21474092 5442746 1778353 1140698 850501 214668 75529 7096067 5024197 1560274 511596 1988823 1411553 430437 146833 161996 161996 143339 143339 0 0 40990 40990 326299 326299 6656880 5359289 1197642 99949 148573 91654 56919 2583667 1633073 723774 226820 1347347 521385 705425 120537 0 4351975 4206889 121880 23206 2947681 2734695 97530 115456 0 34262 32453 1809 0 0 4948862 4607724 286254 54884 318961 95007 221155 2799 ALLOC. OF OPE. OF PHYS. PLANT 0 4686301 -4699608 13307 SPECIAL EVENTS 702215 370601 57368 274246 PROFESSIONAL DEVELOPMENT 216927 166473 46590 3864 MEMBERSHIPS 198491 68050 120563 9878 57888 181296 -124408 1000 95714411 83656971 8168319 3889121 1204810 616613 163226 1181014 23844761 59112094 1753278 1988396 184967 189623 0 0 0 0 21690 22871 679423 1173041 175930016 120596835 55116837 55333181 10508622 31729574 45849111 40702608 3185083 2677080 0 0 2700944 400305 145212752 195126400 2791846 2166729 0 0 1811159 1929606 32613133 33616266 268172 218378 0 0 1843522 1317838 0 0 7079901 8022086 46407733 47270903 X 24292138 24269472 25718107 73064943 48794774 50521082 98805019 147855497 145212752 195126400 X 46988874 3130776 -1069172 X false true X true true true X 9284257 11216669 33469811 11748236 59085163 124804136 0 0 9284257 11216669 33469811 11748236 59085163 124804136 69790373 55013763 0 779533 949409 1055786 1726753 1497716 6009197 0 42570 5265 800 0 48635 130861968 394193724 0.42040 0.59050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false false true X 56810323 15555686 4672531 1804225 1320183 73914132 49942959 5843872 3388246 1369542 995212 56810323 44166187 2727170 5441734 1415902 976230 49942959 44316144 1792579 -392561 1007849 542126 44166187 44008437 1006476 780514 964018 515265 44316144 0.20000 0.68000 0.12000 false false 1832726 1832726 129758929 80618403 49140526 31807224 29398534 2408690 12531137 10579898 1951239 55333181 0 0 CONDITIONAL ASSET REITREMENT OBLIGATION 426321 FAIR VALUE INTEREST RATE SWAP 3668235 PERKINS LOAN ADVANCES 2558370 ANNUITY PAYMENT OBLIGATIONS 1369160 8022086 X Schedule D, Part III, Line 1 THE COLLEGE HOLDS CERTAIN COLLECTIONS OF WORKS OF ART AND FURNISHINGS. THESE COLLECTIONS ARE HOUSED IN A PROTECTED ENVIRONMENT AND ARE USED FOR EXHIBITION PURPOSES FOR THE PUBLIC, FOR EDUCATION AND RESEARCH, AS WELL AS FOR THE FURTHERANCE OF SERVICE TO THE PUBLIC. THESE COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAINS NOR ARE THEY ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT CAPITALIZED OR RECORDED FOR PURPOSES OF PREPARING THE ACCOMPANYING FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 OCCASIONALLY THE COLLEGE RECEIVES GIFTS OF ART OR COLLECTIBLES WHICH ARE PUT ON DISPLAY IN VARIOUS BUILDINGS THROUGHOUT THE CAMPUS. WE ALSO MAINTAIN LIBRARY ARCHIVES OF COLLEGE HISTORICAL DOCUMENTS AND BOOK COLLECTIONS KEPT FOR POSTERITY. Schedule D, Part IV, Line 2b THE COLLEGE MAINTAINS CUSTODIAL OR "PASS THROUGH" ACCOUNTS FOR FEDERAL STUDENT LOANS, PELL GRANT AND STATE GRANTS. FUNDS ARE HELD IN THESE ACCOUNTS UNTIL DISTRIBUTED TO INDIVIDUAL STUDENTS. THE COLLEGE ALSO MAINTAINS CUSTODIAL ACCOUNTS FOR STUDENT GOVERNMENT AND STUDENT MINISTRY GROUPS AND ACTIVITIES. Schedule D, Part V, Line 4 THE INTENDED USE OF ENDOWMENT FUNDS IS DRIVEN BY DONOR RESTRICTIONS ON OUR ENDOWMENTS. APPROXIMATELY 58% OF APPROPRIATED REVENUES THIS YEAR WERE IN SCHOLARSHIP AWARDS. 26% OF REVENUES SUPPORTED GENERAL ACTIVITIES AND PHYSICAL PLANT. THE REMAINING 16% WAS ALLOCATED TO INSTRUCTIONAL ACTIVITIES AND ACADEMIC SUPPORT PROGRAMS. DISTRIBUTIONS OF INCOME ARE MADE USING A TOTAL RETURN METHOD. WE USED A SPENDING RATE OF 6% OF THE 3 YEAR ROLLING AVERAGE OF THE FAIR MARKET VALUE OF THE INVESTMENTS. Schedule D, Part x - FIN 48 FOOTNOTE THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2d THIS FIGURE INCLUDES THE FWS APPORTIONMENT BUDGET ALLOCATION OF 188,033 INCLUDED IN INCOME ON THE FINANCIAL STATEMENTS, GORDON COLLEGE FOUNDATION INCOME OF 51,421 INCLUDED IN REVENUE ON THE FINANCIAL STATEMENTS AND LOSS ON DISPOSAL OF ASSETS OF 4,845. Schedule D, Part XI, Line 4b INCLUDED HERE ARE: SCHOLARSHIPS AND GRANTS OF 29,475,832 TREATED AS TUITION DISCOUNT ON THE FINANCIAL STATEMENTS; FEDERAL FINANCIAL AID AND GRANTS OF 424,232 TREATED AS PASS THROUGH ACTIVITY ON THE FINANCIAL STATEMENTS AND NOT REFLECTED IN INCOME. SCHEDULE D, PART XII, LINE 2D THIS FIGURE INCLUDES: FWS APPORTIONMENT BUDGET ALLOCATION OF 188,033 INCLUDED IN INCOME ON THE FINANCIAL STATEMENTS; GORDON COLLEGE FOUNDATION EXPENSES OF 11,978 INCLUDED IN EXPENSES ON THE FINANCIAL STATEMENTS; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS OF 994,003; CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS OF 75,169; LOSS ON DISPOSAL OF ASSETS OF 4,845. SCHEDULE D, PART XII, LINE 4B INCLUDED HERE ARE: SCHOLARSHIPS AND GRANTS OF 29,475,832 TREATED AS TUITION DISCOUNT ON THE FINANCIAL STATEMENTS; FEDERAL FINANCIAL AID AND GRANTS OF 424,232 TREATED AS PASS THROUGH ACTIVITY ON THE FINANCIAL STATEMENTS AND NOT REFLECTED IN EXPENSE. true true true true true true true false false false false false false false false true false true SCHEDULE E, Part I, Line 3 GIVEN THE TECHNOLOGY AVAILABLE TODAY, WE HAVE INVESTED IN OUR WEB SITE AS THE WAY TO REACH THE MOST STUDENTS. OUR RACIALLY NONDISCRIMINATORY POLICY IS POSTED ON OUR WEB SITE. OUR PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS IN EACH GEOGRAPHIC AREA ARE DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS INTERESTED IN A CHRISTIAN COLLEGE OF THE AVAILABILITY OF GORDON COLLEGE. Schedule E, Part I, Line 6 GORDON COLLEGE RECEIVES TITLE IV FUNDS FOR AID TO STUDENTS FROM THE DEPARTMENT OF EDUCATION FOR FEDERAL WORK STUDY, FSEOG, FEDERAL PELL GRANT AND OTHER FEDERAL STUDENT AID GRANT PROGRAMS. true Europe (Including Iceland and Greenland) 0 0 Grantmaking 146610 Central America and the Caribbean 0 0 Grantmaking 199075 South Asia 0 0 Grantmaking 56772 Middle East and North Africa 0 0 Grantmaking 101812 Sub-Saharan Africa 0 0 Grantmaking 655618 East Asia and the Pacific 0 0 Grantmaking 2758935 North America 0 0 Grantmaking 191853 South America 0 0 Grantmaking 542892 Russia and the Newly Independent States 0 0 Grantmaking 57076 Central America and the Caribbean 0 0 Program Services study abroad 89687 East Asia and the Pacific 0 0 Fundraising 1748 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 140578 Europe (Including Iceland and Greenland) 1 16 Program Services STUDY ABROAD 1352676 Middle East and North Africa 0 0 Program Services STUDY ABROAD 133696 North America 0 0 Program Services STUDY ABROAD 8731 Russia and the Newly Independent States 0 0 Program Services STUDY ABROAD 4310 South America 0 0 Program Services STUDY ABROAD 65200 South Asia 0 0 Program Services STUDY ABROAD 16573 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 120790 Europe (Including Iceland and Greenland) 0 0 Fundraising 94334 1 16 0 0 1 16 6507269 231697 6738966 Scholarships and grants Europe (Including Iceland and Greenland) 7 146610 Account cred Scholarships and grants Central America and the Caribbean 7 199075 account cred Scholarships and grants South Asia 3 56772 account cred Scholarships and grants Middle East and North Africa 3 101812 account cred Scholarships and grants Sub-Saharan Africa 24 655618 account cred Scholarships and grants East Asia and the Pacific 125 2758935 account cred Scholarships and grants North America 6 191853 account cred Scholarships and grants South America 20 542892 account cred Scholarships and grants Russia and the Newly Independent States 2 57076 account cred false false false false false false SCHEDULE F, PART I, LINE 3 EUROPE ONLY: WE OFFER SEMESTER BASED PROGRAMS IN ITALY AND THE BALKANS. EXPENDITURES ARE REPORTED USING ACCRUAL BASED ACCOUNTING. EMPLOYEE COMPENSATION IS PROCESSED THROUGH OUR CAMPUS PAYROLL SYSTEM. OTHER PROGRAM COSTS ARE MANAGED BY THE PROGRAM DIRECTORS. FUNDS ARE WIRED PERIODICALLY AT THE REQUEST OF THE PROGRAM LEADERS AND APPROVED BY THE GLOBAL EDUCATION ADMINISTRATOR. THE PROGRAM LEADERS PAY LOCAL EXPENSES. EXPENSE DOCUMENTATION IS SUBMITTED TO THE CONTROLLER'S OFFICE FOR REVIEW. COSTS RECORDED AT THE TIME OF THE WIRES ARE FOR TUITION, ROOM, BOARD AND INCIDENTALS OF THE STUDENTS. WE ALSO OFFER INTERNATIONAL SEMINAR COURSES WHICH ARE RUN FOR 2-4 WEEK PERIODS ON A SUBJECT RELATED TO THAT COUNTRY. IN COUNTRY EXPENSES ARE FOR FOOD, LODGING, TRANSPORTATION AND ENTRANCE FEES. THE GLOBAL EDUCATION OFFICE ALSO APPROVES STUDENTS TO ATTEND NON-GORDON PROGRAMS AT OTHER ORGANIZATIONS OR FOREIGN COLLEGES OR UNIVERSITIES. FUNDS ARE SENT ON BEHALF OF THOSE STUDENTS DIRECTLY TO THOSE PROGRAMS. OTHER REGIONS: WE OFFER INTERNATIONAL SEMINAR COURSES WHICH ARE RUN FOR 2-4 WEEK PERIODS ON A SUBJECT RELATED TO THAT COUNTRY. IN COUNTRY EXPENSES ARE FOR FOOD, LODGING, TRANSPORTATION AND ENTRANCE FEES. THE GLOBAL EDUCATION OFFICE ALSO APPROVES STUDENTS TO ATTEND NON-GORDON PROGRAMS AT OTHER ORGANIZATIONS OR FOREIGN COLLEGES OR UNIVERSITIES. FUNDS ARE SENT ON BEHALF OF THOSE STUDENTS DIRECTLY TO THOSE PROGRAMS. THE GLOBAL EDUCATION OFFICE APPROVES STUDENTS TO ATTEND NON-GORDON PROGRAMS AT OTHER ORGANIZATIONS OR FOREIGN COLLEGES OR UNIVERSITIES. FUNDS ARE SENT ON BEHALF OF THOSE STUDENTS DIRECTLY TO THOSE PROGRAMS. MISSIONS AND SERVICE LEARNING TRIPS: GOAL OF TRIPS IS TO HELP STUDENTS SERVE OVERSEAS FOR A PERIOD OF TIME RANGING FROM 3-10 WEEKS OVER SEMESTER OR SUMMER BREAKS. THEY ARE STUDENT LED/STAFF ADVISED. IN COUNTRY COSTS ARE FOR FOOD, HOUSING, TRANSPORTATION AND SERVICE PROJECT EXPENSES. WHERE POSSIBLE, FUNDS ARE WIRED FOR THESE COSTS BASED ON APPROVALS FROM THE DEAN OF CHAPEL. PER DIEM ADVANCES BASED ON STATE DEPARTMENT RATES ARE ISSUED TO TRIP LEADERS TO PAY IN COUNTRY COSTS. TRIP LEADERS MUST DOCUMENT THE EXPENSES WITH DETAILED ITINERARIES AND HAVE APPROVAL FROM THE DEAN OF CHAPEL. GLOBAL INTERNSHIPS: WE STRONGLY BELIEVE GLOBAL INTERNSHIPS PROVIDE OUR STUDENTS WITH RICH CROSS-CULTURAL EXPERIENCES, HELP THEM BUILD NETWORKS WITH GLOBAL ORGANIZATIONS IN DIVERSE AREAS OF WORK AND MINISTRY, AND POSITION THEM WELL TO MEET THE CHALLENGES IN AN INCREASINGLY COMPETITIVE WORLD. STUDENTS CAN APPLY FOR ASSISTANCE WITH TRAVEL COSTS TO INTERNATIONAL LOCATIONS THROUGH OUR AVA MEMMEN GLOBAL INTERNSHIP PROGRAM. THE PROGRAM IS ADMINISTERED BY THE EXECUTIVE VICE PRESIDENT AND THE CAREER SERVICES OFFICE. GLOBAL HONORS: THE COLLEGE HAS DEVELOPED AN HONORS PROGRAM FROM WHICH 12 TO 15 STUDENTS ARE SELECTED EACH YEAR. IN ADDITION TO SCHOLARSHIP, IT INVOLVES TRAVEL TO AN ECONOMICALLY DEPRESSED COUNTRY DURING THE FRESHMAN AND SOPHOMORE YEARS FOR LEARNING AND SERVICE OPPORTUNITIES. THE PRESIDENT AND ADMISSIONS COUNSELORS TRAVELED ON BEHALF OF THE COLLEGE FOR STUDENT RECRUITMENT AND PROGRAM DEVELOPMENT. THE PRESIDENT TRAVELED ON BEHALF OF THE COLLEGE FOR STUDENT RECRUITMENT AND PROGRAM DEVELOPMENT. THE PRESIDENT LED A TRIP FOR FRIENDS AND DONORS OF THE COLLEGE FOR DONOR RELATIONSHIP BUILDING AND CULTIVATION. GEO: GLOBAL EDUCATION STAFF TRAVELED TO VERIFY QUALITY OF VARIOUS OFF-CAMPUS PROGRAMS. SCHEDULE F, PART I, LINE 2 GRANTS AND SCHOLARSHIPS TO INTERNATIONAL STUDENTS ARE TREATED AS TUITION DISCOUNTS AND ARE APPLIED AS ACCOUNTING CREDITS ON EACH STUDENT'S BILL. THEY ARE NOT PAID DIRECTLY TO THE STUDENT. MERIT SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC CRITERIA AND ARE RENEWED ANNUALLY BASED ON SATISFACTORY GPA REQUIREMENTS THAT ARE VERIFIED BY THE REGISTRAR'S OFFICE. DONATED SCHOLARSHIP FUNDS ARE AWARDED BASED ON CRITERIA PROVIDED BY DONORS. SPECIFIC ELIGIBILITY IS VERIFIED ANNUALLY BY THE REGISTRAR'S OFFICE, ADMISSIONS AND THE FINANCIAL AID OFFICE. NEED BASED GRANTS ARE AWARDED BASED ON THE STUDENT'S DETERMINED FINANCIAL NEED. THE COLLEGE USES INFORMATION PROVIDED BY THE CSS PROFILE OF THE COLLEGE BOARD. THE GRANT AMOUNT IS CARRIED FORWARD FROM YEAR TO YEAR UNLESS THERE IS A SIGNIFICANT CHANGE IN DETERMINED FINANCIAL NEED. SCHEDULE F, PART I, LINE 3, COLUMN F THE COLLEGE REVIEWS ALL FOREIGN EXPENDITURES BASED ON THE CAPABILITIES OF ITS ACCOUNTING SYSTEMS, TO DETERMINE THE AMOUNTS REPORTED ON SCHEDULE F. X X X X X X X true Generis Partners LLC 5256 Peachtree Road Ste 150 Atlanta GA 30341 Consulting false 110000 40990 69010 110000 40990 69010 All States true Scholarships and Grants Students 1370 24765189 FSEOG Grants 135 162460 Federal Work-Study 287 206033 Federal Teach Grants 16 55739 Marvin Wilson Award for Teaching 1 1000 Orvielo Award for Students 1 3500 AJG Mission Fellowship Award 5 5000 Center for Entrepreneurial Leadership Awards 7 16000 Lavida Expeditions Award 1 200 SCHEDULE I, PART I, LINE 2 GORDON COLLEGE AWARDS THREE TYPES OF GRANTS/SCHOLARSHIPS: MERIT SCHOLARSHIPS, NEED-BASED GRANTS AND ENDOWMENT FUNDED RESTRICTED SCHOLARSHIPS. MERIT SCHOLARSHIPS ARE AWARDED BASED ON THE INCOMING STUDENT'S ACADEMIC CRITERIA DETERMINED BY THE ADMISSIONS OFFICE. THESE SCHOLARSHIPS ARE RENEWED ANNUALLY BY VERIFICATION OF THE REGISTRAR'S OFFICE THAT CUMULATIVE GPA REQUIREMENTS ARE MET. NEED-BASED GRANTS ARE AWARDED BASED ON THE STUDENT'S DETERMINED FINANCIAL NEED. WE DETERMINE FINANCIAL NEED USING INFORMATION PROVIDED BY THE FAFSA. WE PRACTICE LEVEL-FUNDING OF THE NEED-BASED GRANTS TO FUTURE YEARS UNLESS THERE IS A SIGNIFICANT CHANGE IN DETERMINED FINANCIAL NEED. ENDOWMENT FUNDED RESTRICTED SCHOLARSHIPS ARE AWARDED BASED ON CRITERIA ESTABLISHED BY DONORS. THE CRITERIA INFORMATION ON SPECIFIC ELIGIBLE STUDENTS IS PROVIDED BY THE REGISTRAR, ADMISSIONS AND FINANCIAL AID OFFICES. STUDENTS ARE EVALUATED ANNUALLY TO VERIFY THEY CONTINUE TO MEET THE DONOR CRITERIA FOR AN ENDOWMENT AWARD. X X true true X X X false false false false false false false true false D Michael Lindsay President 327347 588 13750 61290 402975 MICHAEL AHEARN VP for finance and Admin. 158350 887 8094 20982 188313 0 Daniel Tymann Executive Vice President 157597 3292 8415 19063 188367 Janel Curry Provost 163756 919 8246 10383 183304 Paul Edwards Senior VP for Advancement 256716 5000 4344 13342 22220 301622 Richard Sweeney VP for Marketing & Stra.comm 126347 9000 826 7191 64357 207721 Jennifer Jukanovich VP for student life 122497 6000 450 6822 19184 154953 SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS: OCCASIONALLY SPOUSES OF OFFICERS ACCOMPANY THEM ON BUSINESS TRIPS FOR THE COLLEGE. IN ORDER TO BE TREATED AS A WORKING CONDITION FRINGE BENEFIT, THE COLLEGE REQUIRES SUBSTANTIATION OF THE TRIP AS A BONAFIDE BUSINESS EXPENSE FOR BOTH THE OFFICER AND THE SPOUSE. IF THERE IS NO BUSINESS PURPOSE FOR THE SPOUSE, THE SPOUSAL TRAVEL IS TREATED AS TAXABLE INCOME TO THE OFFICER OR THE OFFICER REIMBURSES THE COLLEGE. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: ONE LISTED PERSON RECEIVED THIS BENEFIT. THE PRESIDENT IS REQUIRED TO LIVE IN ON-CAMPUS HOUSING FOR HOSTING PURPOSES AND 24/7 AVAILABILITY TO THE CAMPUS COMMUNITY. BECAUSE OF THIS REQUIREMENT, IT IS EXCLUDED FROM WAGES UNDER SECTION 119 OF THE IRS CODE. THE HOUSING VALUE INCLUDED IN NON-TAXABLE COMPENSATION WAS $36,915. SCHEDULE J, PART I, LINE 7 OFFICERS WERE GIVEN BONUSES FOR EXCEEDING THE GOALS AND EXPECTATIONS ASSIGNED TO THEM FOR THE YEAR. RECOMMENDATIONS FOR BONUSES ARE MADE BY THE PRESIDENT TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE BONUSES. A Massachusetts Development Finance Agency 043431814 000000000 2013-02-19 38480000 Refund prior issue(issued 10/31/20 false false false A 0 0 38480000 0 0 0 0 0 0 0 38480000 0 2012 true false true true A false false true true false 0.00759 0.00759 false false false true A false false true false true true Citizens Bank NA 10. false false false 0 false true A true Schedule K Part IV, Line 3c The College has multiple interest rate swap agreements, with terms (in years) 10, 20, 26.2, 10, and 19 for the $30,000,000 issuance and terms (in years) 10, 20, 26.2, and 10 for the $10,000,000 issuance. Gordon College put in the shortest swap term in line 3c, since we are only able to input one term. D Michael Lindsay President Premium split X 180000 189623 false true true 189623 NA not required for col NA not required for college 31500 scholarship Merit Scholarships Jonathan Tymann brother of EVP 131505 employment compensation false Rebecca Lindsay spouse of president 26913 employment compensation false Sarah Welch daughter of EVP 48190 employment compensation false Jean Edwards spouse of SVP 11792 employment compensation false Schedule L Part II The loan amount described in Schedule L, Part II, reflects premiums advanced to an executive for the purchase of life insurance, whereby each premium is treated as a loan to the executive for tax purposes under IRC Section 26 C.F.R. 1.7872-15 and will be repaid to the organization, including principal plus cumulative interest at rate established by the Internal Revenue Service. Schedule L, Part IV FOUR RELATIVES OF OFFICERS ARE ALSO EMPLOYED BY GORDON COLLEGE. X 13 0 COST OF DONATED PROP X 0 COST OF DONATED PROP X 11 0 COST OF DONATED PROP X 36 630095 FMV ON DATE RECEIVED X SCIENTIFIC EQUIPMENT 7 0 EXPERT OPINION X MUSICAL NEUME 1 0 COST OF DONATED PROP X ELECTRONIC 1 0 COST OF DONATED PROP X ROWING EQUIP 2 0 COST OF DONATED PROP 1 false true false Schedule M, Part I The number in Column B is the total number of contributions. Schedule M, Part I, Line 33 Institutional policy for works of art is to not record a gift value. We do not capitalize our collections as allowed under SFAS 116 (ASC 958-360-25). Form 990, Part III, line 1 INTO FIELDS NOT YET EXISTING. OUR MISSION IS TO THE FOUNDATION OF ALL WE DO AS WE INSPIRE THE NEXT GENERATION TOWARD FAITHFUL LEADERSHIP FOR THE COMMON GOOD. PART VI, SECTION B, LINE 2 DAVID BEATTY AND LISA FORKNER - BUSINESS RELATIONSHIP Form 990, Part VI, Section B, Line 11 The form 990 is prepared by the College's external tax advisors and reviewed by the controller, the Vice President for Finance and the President. Once the Form 990 is approved by the President and Vice President, prior to filing with the Internal Revenue Service, the Form 990, as it will ultimately be filed, is provided to the board for review and approval. Form 990 Part VI Section B Line 12c An annual Disclosure Form delineating conflicts is distributed to all trustees at the annual board meeting and must be signed by each trustee. A copy is mailed to any trustee who is absent and must be signed and returned. Trustees must recuse themselves from any discussion of or vote on any issue involving conflicts of interest. Key employees and officers must also sign an annual conflict of interest form which clearly delineates conflicts of interest. The Vice President for Finance and Administration monitors and reviews the conflict of interest statements. The President's Office collects and maintains them. Form 990, Part VI, Section B, line 15 The executive committee of the board serves as the compensation committee for the president's position. The executive committee is comprised of independent board members. CCC, CCCU and other peer institutions compensation studies of college presidents are reviewed by the committee and the salary is set by committee vote. The president has an annual review by the committee and is judged based on attainment of goals for the year. The president submits compensation comparability data to the committee for the provost, vice president for finance and executive vice president positions. Compensation increases and bonuses, if any, are based upon job performance and the independent studies. Minutes are kept of the process and the committee vote. The last review process took place in 2019. Form 990, Part VI, Section B, line 19 The College's Form 990 may also be available on other websites such as www.guidestar.org Form 990, Part XI, Line 9 Other changes in net assets include: Change in fair value of split interest agreements (75,169) Interest rate swap fair value adjustment (994,003) Gordon College Foundation 255 GRAPESVINE ROAD WENHAM MA 01984 222610484 Land USE MA 501(C)3 12-1 Gordon Colle true Charitable Remainder Trusts(4) 255 GRAPEVINE ROAD WENHAM MA 01984 Charitable gift MA na T 0 0 true false false false false false false false false false false false false false false false false false false false