2019-04-05T07:40:46-05:00 2018-06-30 522041603 SQUIRE LEMKIN COMPANY LLP 111 ROCKVILLE PIKE SUITE 475 ROCKVILLE MD 20850 990 2017-07-01 520591608 HOOD COLLEGE HOOD 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 CHARLES G MANN VP FOR FINANCE AND TREASURER 3016963131 2019-04-03 1 TRACY M MOREY P01521539 3014246800 64.132.102.178 2019-04-03 11:21:14 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A93076BEEDA32D597ED3C229952F812F8FB5F2AC 2017 2019-02-21 02:37:17Z CHARLES G MANN 401 ROSEMONT AVENUE FREDERICK MD 21701 103328910 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. 28 27 1070 0 633729 0 9176052 10558356 53399733 54025030 1530077 3148047 0 0 64105862 67731433 22246989 22668620 0 0 21968638 21454880 0 0 1659442 18872653 18836957 63088280 62960457 1017582 4770976 169052342 174940375 34104662 30674628 134947680 144265747 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 50644188 22668620 53391301 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 THIRTY-FOUR MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 18 MASTER'S DEGREES, 2 DOCTORAL PROGRAMS, AND 10 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2017, TOTAL ENROLLMENT WAS 2,112 STUDENTS COMPRISED OF 1,128 UNDERGRADUATE AND 984 STUDENTS SEEKING MASTER'S DEGREES AND CERTIFICATIONS. 50644188 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 1 1 0 0 0 0 1 0 0 0 1 138 0 1 1070 1 1 1 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X DARIAN SCHULZE 3016963131 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 ROBERT BELL 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 JOAN ESSELEN FOOT 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 ROBERT G HOOPER BOARD MEMBER 2.00 X 0 0 0 CHARLES E HUDSON III BOARD MEMBER 2.00 X 0 0 0 KEVIN C JACKSON 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 MARTHA HEARN SHIMANO BOARD MEMBER 2.00 X 0 0 0 MALINDA B SMALL 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 CHARLES G MANN VP FOR FINANCE & TREASURER 40.00 X 179191 0 23920 DARIAN SCHULZE ASSISTANT TREASURER/CONTROLLER 40.00 X 96388 0 17704 DIANE WISE SECRETARY 40.00 X 75435 0 4128 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT 60.00 X 281025 0 106506 WILLIAM J BROWN JR VP OF ENROLLMENT MANAGEMENT 40.00 X 153979 0 20365 DEBORAH RICKER VP OF ACADEMIC AFFAIRS AND PROVOST 40.00 X 170989 0 20555 NANCY GILLECE VP INSTITUTIONAL ADVANCEMENT 40.00 X 142903 0 11933 OLIVIA WHITE VP AND DEAN OF STUDENTS 40.00 X 128406 0 6999 LAURIE WARD EXECUTIVE DIRECTOR, MARKETING & COMMUNICATIONS 40.00 X 110218 0 11631 ELIZABETH B CHANG PROFESSOR 40.00 X 116289 0 16648 HODA M ZAKI PROFESSOR 40.00 X 102880 0 13097 1557703 0 253486 11 0 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 FACILITIES MANAGEMENT 3735094 ARAMARK SERVICES INC 5271 ELLIOT ROAD BUTLER PA 160018105 FOOD SERVICES 2366837 OHO 55 DAVIS SQUARE SOMERVILLE MA 02144 WEBSITE DEVELOPMENT 222264 GRENZEBACH GLIER & ASSOCIATES INC 200 S MICHIGAN STE 2100 CHICAGO IL 60604 CAPITAL CAMPAIGN CONSULTING 149211 PRIME BUCHHOLZ & ASSOCIATES INC 25 CHESTNUT STREET PORTSMOUTH NH 03801 INVESTMENT CONSULTING 103634 5 2540359 8017997 1262094 10558356 GROSS TUITION 611600 45713076 45713076 AUXILIARY ENTERPRISES 713990 7596233 6962504 633729 OTHER EDUCATIONAL AND GENERAL 611600 715721 715721 54025030 1282454 1282454 37463070 35597477 1865593 1865593 1865593 67731433 53391301 633729 3148047 X 22668620 22668620 1162441 812759 301471 48211 16227028 11345663 4208368 672997 627866 438993 162833 26040 2195331 1534938 569344 91049 1242214 868535 322160 51519 51842 36247 13445 2150 84300 58941 21863 3496 280040 280040 6820081 4768485 1768741 282855 245877 171913 63767 10197 735085 513959 190639 30487 1693904 1184349 439302 70253 712963 498492 184902 29569 4284451 2995615 1111143 177693 334267 233714 86690 13863 UTILITIES AND TELECOMMU 1766508 1235112 458132 73264 OTHER 756672 529051 196239 31382 POSTAGE, DUPLICATING AN 393333 275012 102008 16313 BOOKS AND PUBLICATIONS 343364 240074 89049 14241 334270 233716 86691 13863 62960457 50644188 10656827 1659442 347501 1056380 62961 76683 888114 1547886 4719708 3094930 90443 129574 241991 322393 137127037 72237420 67595579 64889617 44604161 46718991 39758404 46401975 10743480 10701946 169052342 174940375 3994617 3880239 755941 412231 15800000 15800000 5215507 4219539 900000 0 7438597 6362619 34104662 30674628 X 42631017 43719493 26150059 27824432 66166604 72721822 134947680 144265747 169052342 174940375 X 4770976 3488319 1058772 X 0 1 X 1 1 1 X X 1 1 0 1 1 0.00 0 91295043 5275105 7167781 4022102 99715827 80899929 4237546 9983781 3826213 91295043 83671464 3424230 -3368228 2827537 80899929 83449740 4615855 -203233 4190898 83671464 69427993 5551561 11327938 2857752 83449740 0.04970 0.72010 0.23020 1 0 544775 544775 90100129 40555033 49545096 23293231 10776986 12516245 22098348 20209267 1889081 1090554 696134 394420 64889617 FIXED INCOME BONDS 12553649 F REAL ESTATE INVESTMENTS 6385221 F HEDGE FUNDS/ALTERNATIVE 27463105 F 46401975 INTEREST HELD IN TRUST BY OTHERS 9963566 CASH AND SHORT TERM INVESTMENTS 738380 10701946 SPLIT INTEREST AGREEMENTS 1544073 REFUNDABLE ADVANCES FROM US GOVERNMENT 2348744 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1180766 INTEREST RATE SWAP 144155 DEFERRED BUILDING IMPROVEMENT LIABILITIES 1144881 6362619 X 49329864 3488319 1058772 4547091 44782773 280040 22668620 22948660 67731433 40011797 0 40011797 280040 22668620 22948660 62960457 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 IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON UNRELATED BUSINESS ACTIVITIES, UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2018 OR 2017. PART XI, LINE 2D PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $518,497 AND INTEREST RATE SWAP AGREEMENT $540,275 PART XI, LINE 4B PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $18,982,173, FINANCIAL AID SCHOLARSHIPS FUNDED $3,686,447 PART XII, LINE 4B PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $18,982,173, FINANCIAL AID SCHOLARSHIPS FUNDED $3,686,447. 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 1140 22668620 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 VP FOR FINANCE & TREASURER 178597 0 0 0 594 0 9172 0 14748 0 203111 0 0 0 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT 278483 0 0 0 2542 0 63250 0 43256 0 387531 0 0 0 WILLIAM J BROWN JR VP OF ENROLLMENT MANAGEMENT 153385 0 0 0 594 0 8055 0 12310 0 174344 0 0 0 DEBORAH RICKER VP OF ACADEMIC AFFAIRS AND PROVOST 170782 0 0 0 207 0 8811 0 11744 0 191544 0 0 0 NANCY GILLECE VP INSTITUTIONAL ADVANCEMENT 142516 0 0 0 387 0 7214 0 4719 0 154836 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 KEVIN JACKSON TRUSTEE 110448 RENTAL OF FOUR CONDOMINIUMS 0 X 29 1262094 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 2018 FOR STAFF AND SALARY AND IN OCTOBER 2018 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 OTHER FEES: PROGRAM SERVICE EXPENSES 4,768,485. MANAGEMENT AND GENERAL EXPENSES 1,768,741. FUNDRAISING EXPENSES 282,855. TOTAL EXPENSES 6,820,081. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 518,497. CHANGE IN VALUE OF SWAP AGREEMENTS 540,275. HOOD COLLEGE FOUNDATION 401 ROSEMONT STREET FREDERICK MD 21701 521961144 SUPPORT OF HOOD COLLEGE MD 501(C)(3) LINE 12B, II HOOD COLLEGE 0 HOOD COLLEGE LP 401 ROSEMONT AVENUE FREDERICK MD 21701 521969014 INVESTING MD INVESTMENT 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0