2019-04-12T12:41:13-05:00 2018-05-31 GRANT THORNTON LLP 757 THIRD AVE 3RD FLOOR NEW YORK NY 100172013 990 2017-06-01 237223216 Sarah Lawrence College % BRENT PARKER CONTROLLER SARA 9143952556 1 Mead Way Bronxville NY 10708 STEPHEN SCHAFER VP FINC & OPS 9143952556 2019-04-10 true Daniel Romano P00504182 2125990100 209.220.136.124 26377520191025000036 2019-04-12 P 7D14034AF515942D2ABE7F7E27EA16D2649DB046 7D14034AF515942D2ABE7F7E27EA16D2649DB046 2017 2019-02-21 02:37:17Z cristle collins judd 1 Mead Way Bronxville NY 107085999 187927369 false X www.sarahlawrence.edu X 1926 NY SARAH LAWRENCE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OFFERING SELECT GRADUATE PROGRAMS ON ITS MAIN CAMPUS IN BRONXVILLE, NY AND 4 UNDERGRADUATE OVERSEAS PROGRAMS. 23 21 1831 372 63557 0 28206516 9520182 98125958 97846294 4457345 5200616 649591 507726 131439410 113074818 33376278 33474544 0 0 48015347 50636547 0 0 4166156 30437965 30789715 111829590 114900806 19609820 -1825988 223883176 234454086 78108210 82316876 145774966 152137210 X AT SARAH LAWRENCE COLLEGE, OUR MISSION IS TO GRADUATE CITIZENS OF THE WORLD WHO ARE DIVERSE IN EVERY DEFINITION OF THE WORD, WHO TAKE INTELLECTUAL AND CREATIVE RISKS, AND WHO ARE ABLE TO FOCUS EXCEPTIONAL INTELLECTUAL DISCIPLINE (CONTINUED ON SCHEDULE O) false false 80347775 31704209 72177155 UNDERGRADUATE PROGRAMS: THE FREEDOM TO STEER YOUR OWN EDUCATION HAS ALWAYS BEEN THE BASIS OF SARAH LAWRENCE'S ACADEMIC APPROACH. STUDENTS CREATE A COURSE OF STUDY THAT IS UNIQUELY THEIRS, BENEFITING FROM A 9:1 STUDENT-TO-FACULTY RATIO AND 1:1 CONFERENCES WITH FACULTY. STUDENTS ENGAGE IN A LEVEL OF INTELLECTUAL AND CREATIVE DEVELOPMENT THAT PREPARES THEM FOR A LIFE OF MEANING IN WHATEVER PROFESSIONAL PATHWAYS THEY CHOOSE. OUR 1,408 STUDENTS CAN FOCUS IN ANY OF OUR NEARLY 50 DISCIPLINES ON OUR CAMPUS OR IN OVERSEAS PROGRAMS IN LONDON, OXFORD, PARIS, AND HAVANA.LONDON, OXFORD, PARIS, AND HAVANA. 6175772 1770335 8071579 GRADUATE PROGRAMS: SARAH LAWRENCE COLLEGE OFFERS ITS 299 GRADUATE STUDENTS NINE DISTINCTIVE MASTERS DEGREE AND VARIOUS NON-DEGREE AND CERTIFICATE PROGRAMS WHICH INCLUDE THE AREAS OF WRITING, THEATRE, WOMENS HISTORY, DANCE, CHILD DEVELOPMENT, ART OF TEACHING, HUMAN GENETICS, HEALTH ADVOCACY AND DANCE MOVEMENT THERAPY. 8136446 0 15930200 AUXILIARY ENTERPRISES: SARAH LAWRENCE COLLEGE PROVIDES STUDENTS WITH A WIDE RANGE OF LIVING AND DINING EXPERIENCES. ON-CAMPUS HOUSING FOR 1,138 STUDENTS INCLUDES MANY UNIQUE OPTIONS, FROM CONVERTED HOUSES TO TRADITIONAL SUITE-STYLE RESIDENCE HALLS. SARAH LAWRENCE DINING OPTIONS INCLUDE DINING-HALL, GRAB-AND-GO, AND CAFE STYLE FARE ACROSS A RANGE OF MEAL-PLANS. 552603 0 1667360 95212596 true true false false false false false false false true true true false false true true true false true true true false false false false false false false true true true false false false false false false false false false false true false false false false true true true false false true 352 0 true 1831 true true true true FR IT UK false false false true true false false false false X 23 21 false false true false false false false true true false false true true true true true true true true false X BRENT PARKER CONTROLLER 9143952556 1 MEAD WAY Bronxville NY 107085999 Mark Goodman Chair of the Board 2.0 0.0 X X 0 0 0 Nancie Cooper Vice Chairperson 2.0 0.0 X X 0 0 0 David Dull Vice Chairperson 2.0 0.0 X X 0 0 0 Cristle Collins Judd President/Trustee(AS of 08/17) 40.0 0.0 X X 250578 0 71213 Karen Lawrence President/Trustee (Thru 07/17) 40.0 0.0 X X 454849 0 144385 Diana Sandigo Cabrera Trustee 1.0 0.0 X 0 0 0 RONA CARR Trustee 1.0 0.0 X 0 0 0 Laura Donnelley Trustee 1.0 0.0 X 0 0 0 Vicki Ford Trustee 1.0 0.0 X 0 0 0 William Goetzmann Trustee 1.0 0.0 X 0 0 0 Sarah Gray Gund Trustee 1.0 0.0 X 0 0 0 John Lawrence Hodson Trustee 1.0 0.0 X 0 0 0 Gregg Horowitz Trustee 1.0 0.0 X 0 0 0 Clarion Johnson Trustee 1.0 0.0 X 0 0 0 Nancy Montgomery Trustee 1.0 0.0 X 0 0 0 Tracey Riese Trustee 1.0 0.0 X 0 0 0 Meryl Rosen Trustee 1.0 0.0 X 0 0 0 Winifred Scheuer Trustee 1.0 0.0 X 0 0 0 Michael Stutzman Trustee 1.0 0.0 X 0 0 0 Peter van Dijk Trustee 1.0 0.0 X 0 0 0 Shanlon Wu Trustee 1.0 0.0 X 0 0 0 Rachel Zebrowski Trustee 1.0 0.0 X 0 0 0 HOLLY ROBINSON-PEETE Trustee 1.0 0.0 X 0 0 0 Brian Morton Faculty/Trustee 40.0 0.0 X 100154 0 41212 Kanwal Singh Dean of the College 40.0 0.0 X 191499 0 52112 Stephen Schafer VP Finance & Operations 40.0 0.0 X 263279 0 35762 Thomas Blum VP Administration 40.0 0.0 X 187057 0 47439 Kevin McKenna VP Admissions 40.0 0.0 X 173196 0 14975 Daniel Trujillo Dean of Studies 40.0 0.0 X 154105 0 116762 Ellen Reynolds Associate VP Advancement 40.0 0.0 X 196389 0 16965 Allen Green Dean of Equity and Inclusion 40.0 0.0 X 170978 0 49726 Brent Parker Controller 40.0 0.0 X 167462 0 46957 Sean Jameson Chief Technology Officer 40.0 0.0 X 149186 0 45400 2458732 0 682908 76 false true false AVI Fresh 2920 Elm Road North East WARREN OH 44483 Food Service 5239686 KSS Architects LLP 337 Witherspoon Street PRINCETON NJ 08542 Architects 1712723 Consigli Construction NY LLC 199 West Road Street PLEASANT VALLEY NY 12569 Construction 1295192 ABM Janitorial Services 40 Saw Mill River Road HAWTHORNE NY 10532 Janitorial 1089169 A Ottavino Corp 8060 Pitkin Avenue OZONE PARK NY 11417 Stonework 1039990 39 737868 8782314 999135 9520182 UNDERGRADUATE TUITION AND FEES 611600 72177155 72177155 AUXILIARY ENTERPRISES 611710 15930200 15930200 GRADUATE TUITION AND FEES 611600 8071579 8071579 OTHER EDUCATION PROGRAMS 611600 1667360 1667360 97846294 1185168 21585 1163583 0 0 507726 507726 0 507726 507726 78867999 74852551 4015448 4015448 41972 3973476 0 0 0 0 0 0 0 0 0 0 113074818 97846294 63557 5644785 0 33474544 33474544 0 0 3383612 264932 2695652 423028 0 35075202 26932251 5958058 2184893 2017254 1559989 331051 126214 7727790 6101567 1152666 473557 2432689 1881674 398842 152173 0 177526 177526 207688 207688 0 0 115766 115766 1880707 1014386 755465 110856 651288 40766 601737 8785 2274309 1381967 736148 156194 1106919 1106919 0 2769677 2560566 175598 33513 1859037 1219596 296972 342469 0 233559 163626 59138 10795 2031166 1877813 128776 24577 0 4073477 3765930 258258 49289 605300 559600 38376 7324 FOREIGN PROGRAM COSTS 3958788 3958788 CONTRACTED FOOD SERVICE COST 3680171 3680171 HOUSEKEEPING & MAINTENANCE 2282453 2110128 144707 27618 BUILDING REPAIR & RENOVATION 952255 880360 60373 11522 1929629 1783942 122338 23349 114900806 95212596 15522054 4166156 0 0 1252457 551634 18828085 13675714 357975 368152 0 0 0 0 937857 858090 0 0 1495800 2190225 147070283 57647591 85893126 89422692 7603969 10264714 104920705 114234475 0 0 0 0 2593202 2888390 223883176 234454086 7519481 8056692 0 0 3921287 3776004 41215566 41232194 0 0 0 0 10129859 9909895 4000000 9500000 11322017 9842091 78108210 82316876 X 20461160 25779743 47685978 45591492 77627828 80765975 145774966 152137210 223883176 234454086 X -1825988 6263864 1924368 X false true X true true true X 10212763 29330686 7592156 28206516 9520182 84862303 0 0 10212763 29330686 7592156 28206516 9520182 84862303 21599756 63262547 55694 292806 1493518 1563576 1671309 5076903 7429 170585 64611 34 0 242659 7215 0 0 0 0 7215 90189080 474305124 0.70144 0.64006 X 105236499 3275201 10279312 4618582 306128 115766 113750536 89955309 10331504 11365567 4575287 1739119 101475 105236499 91180191 8768620 -1151771 4322845 4415261 103625 89955309 87213796 4213400 5264395 3728381 1683996 99023 91180191 75768291 6550543 10581224 1141771 4441103 103388 87213796 0.14190 0.68820 0.16990 false false 5724097 5724097 116880786 48352537 68528249 13296054 9295054 4001000 11169346 11169346 89422692 FIXED INCOME FUNDS 10154525 F GLOBAL EQUITY FUNDS 61451029 F HEDGED EQUITIES FUNDS 11211941 F RELATIVE VALUE FUNDS 12934 F REAL ASSETS FUNDS 6977474 F PRIVATE EQUITY & VENTURE FUNDS 22188730 F LT SPLIT-INTEREST INVESTMENTS 1693718 F CASH IN SPLIT-INTEREST AGREEMT 544124 F 114234475 0 POSTRETIREMENT HEALTH&LIFE INS 6134879 ANNUITIES PAYABLE 2055942 US GOV'T GRANTS REFUNDABLE 997918 ASSET RETIREMENT OBLIGATION 653352 9842091 X 87672740 6263864 1924368 8188232 79484508 115766 33474544 33590310 113074818 81310496 81310496 115766 33474544 33590310 114900806 ENDOWMENT FUNDS PART V LINE 4 THE COLLEGE'S INTENDED USE OF THE ENDOWMENT FUNDS IS FOR ACADEMIC PROGRAMS, LIBRARY ACQUISITIONS, SCHOLARSHIPS AND FELLOWSHIPS, FACULTY SALARIES AND OTHER DESIGNATED PURPOSES. FIN 48 SCHEDULE D, PART X, LINE 2 THE COLLEGE FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING GUIDANCE TOPIC 740,"ACCOUNTING FOR UNCERTAINITY IN INCOME TAXES," WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINITY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS SECTION PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY 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 INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. RECONCILIATION OF REVENUE PART XI LINE 2D POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC BENEFIT COST $1,725,749 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $198,619 ------------ TOTAL LINE 2D $1,924,368 ============ PART XI LINE 4B SCHOLARSHIPS AND FELLOWSHIPS $33,474,544 RECONCILIATION OF EXPENSES PART XII LINE 4B SCHOLARSHIPS AND FELLOWSHIPS $33,474,544 true true true true true true true false false false false false false false false true false true NON-DISCRIMINATORY POLICY SCHEDULE E PART I LINE 3 NON-DISCRIMINATORY POLICY REGARDING STUDENT ADMISSIONS AND EMPLOYMENT POLICIES IS ON THE COLLEGES WEBSITE AT WWW.SARAHLAWRENCE.EDU. NON-DISCRIMINATORY POLICY is ALSO PRINTED IN STUDENTS ADMISSIONS APPLICATION, STUDENTS HANDBOOK, COLLEGE CATALOGUE, ETC. FINANCIAL AID OR ASSISTANCE FROM GOVERNMENT AGENCY SCHEDULE E, PART I, LINE 6A FEDERAL CAMPUS-BASED STUDENT AID FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION. THE COLLEGE ALSO RECEIVES FUNDS FROM VARIOUS AGENCIES AS RESEARCH AND TRAINING GRANTS. Europe (Including Iceland and Greenland) 2 5 Program Services Undergrad Education 3471914 Central America and the Caribbean 2 Program Services Undergrad Education 461015 2 7 2 7 3932929 3932929 true false true true true false SCHEDULE F, PART I, LINE 3, COLUMN F THE PROGRAMMATIC EXPENDITURES REPORTED IN PART 1 REPRESENT DIRECT EXPENDITURES INCURRED ON THE ACCRUAL BASIS ASSOCIATED WITH THE COLLEGE'S STUDY ABROAD PROGRAMS IN ENGLAND, FRANCE, AND CUBA. THE AMOUNTS REPORTED ON PART I ARE IDENTIFIED ON A REASONABLE EFFORTS BASIS WHERE SUCH ACTIVITIES WERE NOT TRACKED SEPARATELY UNDER THE COLLEGE'S ACCOUNTING PROCEDURES. SCHEDULE F, PART IV SARAH LAWRENCE COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. true SCHOLARSHIPS & FELLOWSHIPS TO ELIGIBLE STUDENTS 2149 33474544 SUPPLEMENTAL INFORMATION SCHEDULE I, PART III A LIST OF RECIPIENTS OF SCHOLARSHIPS IS ON FILE AT THE COLLEGE. THE RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE COLLEGE'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS ESTABLISHED BY THE COLLEGE COMMITTEES THAT JUDGE THE APPLICANTS. THE COLLEGE HAS PROCEDURES THAT ARE DESIGNED TO ENSURE THAT INDIVIDUALS FROM THE COLLEGE QUALIFY TO RECEIVE PAYMENTS. THE COLLEGE'S FINANCIAL AID OFFICE ENSURES THAT GRANTS AND AWARDS ARE IN COMPLIANCE WITH PROCEDURES ESTABLISHED BY THE COLLEGE. X X X true true X X X false true false false false false false true false Cristle Collins Judd President/Trustee(AS of 08/17) 222400 0 0 0 28178 0 17600 0 53803 0 321981 0 0 0 Karen Lawrence President/Trustee (Thru 07/17) 352964 0 0 0 101885 0 74580 0 70186 0 599615 0 0 0 Kanwal Singh Dean of the College 191499 0 0 0 0 0 17150 0 35342 0 243991 0 0 0 Stephen Schafer VP Finance & Operations 263279 0 0 0 0 0 22393 0 13749 0 299421 0 0 0 Kevin McKenna VP Admissions 173196 0 0 0 0 0 14864 0 491 0 188551 0 0 0 Daniel Trujillo Dean of Studies 154105 0 0 0 0 0 13836 0 103306 0 271247 0 0 0 Thomas Blum VP Administration 184057 0 3000 0 0 0 15326 0 32493 0 234876 0 0 0 Ellen Reynolds Associate VP Advancement 196389 0 0 0 0 0 16730 0 615 0 213734 0 0 0 Allen Green Dean of Equity and Inclusion 170978 0 0 0 0 0 14564 0 35542 0 221084 0 0 0 Brent Parker Controller 167462 0 0 0 0 0 14988 0 32349 0 214799 0 0 0 Sean Jameson Chief Technology Officer 149186 0 0 0 0 0 13889 0 36891 0 199966 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE FOR RESIDENCE OR PERSONAL USE In 2017 the College housed the former President (Karen Lawrence), the current President (Cristle Collins Judd), and the Dean of Studies (Daniel Trujillo). This housing is required by the nature of their positions and is a condition of their employment. These amounts have been reported in Form 990, Schedule J, Column (D) and totaled $58,072, $37,332, and $72,000 respectively. PERSONAL SERVICES THE PRESIDENT'S HOUSE SERVES NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY COLLEGE EVENTS AND THE COLLEGE PROVIDES STAFF TO MAINTAIN THE HOME. THESE INCIDENTAL COSTS ARE NOT DEEMED TAXABLE TO THE PRESIDENT. Social Club Dues In August 2017, the College paid for one year of membership to a private alumni club for the current president (Cristle Collins Judd). The membership was used exclusively to conduct college business and amounted to $216 per month. This is not taxable compensation to the President. SCHEDULE J, PART I, LINE 4B The former President, Karen Lawrence, participated in a supplemental non-qualified Section 457 (f) deferred compensation plan. Ms. Lawrence received $44,168 in contributions to the plan, which will be taxable upon distribution. Ms. Lawrence also received $89,250 in taxable distributions from this Section 457 (f) deferred compensation plan during the calendar year. SCHEDULE J, PART I, LINE 7 In 2017, the college made a nonfixed payment to the VP of Administration. This was a one-time lump sum bonus. A City of Yonkers Industrial Development Agency 521294255 986083ca9 2009-12-01 44217481 CITY OF YONKERS IND. DEV AGENC true false false B Westchester County Local Development Corp 521294255 95737TCT1 2016-09-28 49161411 refund $42,095,0000 Yonkers IDA false false false A 1392481 0 44217481 0 0 569901 0 0 0 5670179 37977301 0 2009 true false true true B 0 42095000 49161411 0 0 48476461 684950 0 0 0 0 0 2016 false true true true A false false true true false 0 false false false true B false false true true false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true FORM 990, SCHEDULE K, PART IV, LINE 2C FOR CUSIP 986083, THE REBATE COMPUTATION WAS PERFORMED ON JANUARY 22, 2016. FINAL COMPUTATION ON THIS ISSUE IS NOT DUE UNTIL 6/1/2019. THE FIRST REBATE COMPUTATION ON CUSIP 95737T IS NOT DUE UNTIL 9/28/2021. X 48 999135 FAIR MARKET VALUE false true false PART I, COLUMN B THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION (CONTINUED) WITHIN A FRAMEWORK OF HUMANISTIC VALUES AND CONCERN FOR COMMUNITY. OUR UNIQUE EDUCATIONAL PRACTICES, INCLUDING UNPARALLELED TIME WITH FACULTY, AIM AT PREPARING THE WHOLE STUDENT TO SOLVE PROBLEMS IN NEW WAYS, TO CROSS DISCIPLINARY BOUNDARIES, AND TO THINK AND ACT INDEPENDENTLY AS THEY BECOME PROTAGONISTS ON THE WORLD STAGE. FORM 990, PART III, LINE 4D OTHER PROGRAMS OTHER EDUCATIONAL PROGRAMS CONSISTING OF NON-CREDIT CONTINUING EDUCATION PROGRAMS, SPECIAL NON-CREDIT COURSES FOR ADULTS, (LANGUAGE, PHOTOGRAPHY, SWIMMING AND FITNESS, ETC.), WRITING INSTITUTE CLASSES, CERTIFICATE COURSES, AND EARLY CHILDHOOD PROGRAMS. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES MADE TO ITS ORGANIZATIONAL DOCUMENTS THE SUBSTANTIVE CHANGES TO AND CLARIFICATIONS OF THE BYLAWS INCLUDE THE FOLLOWING: 1. DESIGNATING THE FOLLOWING INDIVIDUALS AS OFFICERS OF THE COLLEGE: THE PRESIDENT THE PROVOST AND DEAN OF THE FACULTY THE TREASURER, AND THE SECRETARY OF THE BOARD 2. ACKNOWLEDGING EXPLICITLY THE LIMITATIONS ON EXECUTIVE COMMITTEE (AND OTHER COMMITTEES) ACTION RECENTLY WRITTEN INTO NEW YORKS NPCL. THESE LIMITATIONS PROHIBIT THE EXECUTIVE COMMITTEE FROM ACTING WITH SOLE AUTHORITY REGARDING: - SETTING THE COMPENSATION OF OFFICERS OF THE COLLEGE; - APPROVING A MERGER OR PLAN OF DISSOLUTION; - ADOPTING A RESOLUTION RECOMMENDING TO THE MEMBERS ACTION ON THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF A CORPORATION OR, IF THERE ARE NO MEMBERS ENTITLED TO VOTE, THE AUTHORIZATION OF SUCH TRANSACTION; - approving amendments to the certificate of incorporation. 3. RECOGNIZING THAT A WHISTLEBLOWER POLICY IS A NEW STATUTORY REQUIREMENT AND IS TO BE MANAGED BY INDEPENDENT TRUSTEES. 4. CLARIFYING THE DEFINITION OF "INDEPENDENT TRUSTEE" 5. ADDING NEW EXCEPTIONS TO THE RELATED-PARTIES DEFINITION PER CHANGES TO NEW YORKS NPCL. 6. CLARIFYING THE NY STATES DEFAULT TRUSTEE RESIGNATION THRESHOLD: MISSING THREE CONSECUTIVE MEETINGS. the above changes were adopted by the trustees on May 12, 2018 during the monthly board meeting. FORM 990, PART VI, SECTION B, LINE 11 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE COLLEGE'S CONTROLLER'S OFFICE. A DRAFT OF THE 990 WAS SENT TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD TO REVIEW. A FINAL COMPLETE COPY OF THE 990 WAS PLACED ON THE COLLEGES PASSWORD-PROTECTED TRUSTEE PAGE FOR REVIEW BY EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE SECRETARY OF THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY. ANNUALLY, THE TRUSTEES ARE SENT THE COLLEGE'S CONFLICT OF INTEREST POLICY BY THE SECRETARY OF THE BOARD. COMPLIANCE IS ACKNOWLEDGED BY SIGNATURE AND RETURN OF THE SIGNED STATEMENT. AT THE SAME TIME, A DISCLOSURE STATEMENT IS COMPLETED IN ORDER TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST WITH THE COLLEGE. THE POLICY REQUIRES DISCLOSURE OF ALL POTENTIAL CONFLICTS OF INTEREST TO THE SECRETARY, OR CHAIR OF THE BOARD, AS SOON AS POSSIBLE AFTER THE TRUSTEE LEARNS OF THE CONFLICT. ALL DISCLOSED POTENTIAL CONFLICTS OF INTEREST ARE PRESENTED TO THE BOARD WITH THE MATERIAL FACTS FOR DISCUSSION AND DECISION FOR APPROVAL. THE BOARD SETS FORTH ITS BASIS IN THE MINUTES OF THE MEETING IN WHICH THE DECISION WAS MADE. FORM 990, PART VI, SECTION B, LINES 15A AND 15B DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT TRUSTEES, MEETS ANNUALLY TO DETERMINE THE COMPENSATION OF THE PRESIDENT, THE FACULTY TRUSTEE, AND OTHER OFFICERS WHO ARE NOT TRUSTEES. THE DIRECTOR OF HUMAN RESOURCES MEETS WITH THE EXECUTIVE COMMITTEE AT THE END OF EACH ACADEMIC YEAR TO PRESENT OBJECTIVE COMPARATIVE INFORMATION ON ALL OFFICERS OF THE COLLEGE. DATA IS COLLECTED FROM 2 SETS OF OBJECTIVE COMPARATIVE PEER GROUPS. THE PRESIDENT PRESENTS TO THE COMMITTEE THE ANNUAL EVALUATION AND SALARY RECOMMENDATION FOR EACH OFFICER FOR THE FOLLOWING ACADEMIC YEAR. THE COMMITTEE APPROVES THE NEW SALARIES. THE COMMITTEE DETERMINES AND APPROVES THE PRESIDENT'S SALARY. THE DETERMINATION IS DOCUMENTED IN THE CONTEMPORANEOUS MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN ON JUNE 22, 2018. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS, POLICY, AND FINANCIALS THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE COLLEGE'S WEBSITE. THE COLLEGE'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE BY REQUEST AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC BENEFIT COST $1,725,749 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $198,619 -------------- TOTAL $1,924,368 ============== Sarah Lawrence at Oxford Wadham College Oxford England UK OX1 3PN Education UK SLC true Charitable Remainder Trusts (14) N/A NA true false false true false false false false false false false false false false false true false false false Charitable Remainder Trusts (5) (c) 66622 FMV Sarah lawrence at Oxford (P) 950807 COST SCHEDULE R PART II LINE (1) AND PART V LINE (2) RELATED ORGANIZATIONS SARAH LAWRENCE COLLEGE OPERATES SEVERAL EDUCATIONAL PROGRAMS OUTSIDE THE UNITED STATES. THE PROGRAM IN OXFORD, ENGLAND REQUIRED THE COLLEGE TO SET UP A SEPARATE LEGAL ENTITY. THE ENTITY IS LISTED IN SCHEDULE R OF FORM 990, AS REQUIRED. THE PROGRAM AND FINANCIAL INFORMATION CONTAINED IN THIS FORM 990 INCLUDES THE ACTIVITY OF THE SARAH LAWRENCE AT OXFORD PROGRAM SINCE THE OPERATIONS ARE CONDUCTED AS A PROGRAM OF THE COLLEGE, AND IS NOT EASILY SEPARABLE.