PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE (EIN 03-0179298)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-14
- IRS object ID
- 201801349349303665
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-14T11:12:38-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Two Financial Center 60 SStreet | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179298 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | President and Fellows of Middlebury | BusinessNameLine1Txt |
| Business Name Line2 | College | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 8024435699 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Controllers Office Suite 102 | AddressLine1Txt |
| City | Middlebury | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05753 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Provost | PersonNm |
| Person Title | Exec. VP for Finance & Treas. | PersonTitleTxt |
| Phone | 8024435699 | PhoneNum |
| Signature | 2018-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Shyamalee A Joseph | PreparerPersonNm |
| PTIN | P01085371 | PTIN |
| Phone | 6179881000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 140.233.89.152 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-05-14 | IPDt |
| IP Tm | 12:12:10 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E499F215575EDD35F408125EBCDC8D3F17F988F0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | E499F215575EDD35F408125EBCDC8D3F17F988F0 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Laurie L Patton | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Old Chapel Road | AddressLine1Txt |
| City | Middlebury | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05753 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $497,364,857 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://www.middlebury.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1800 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | We are a global liberal arts college offering undergraduate, graduate, and specialized programs. | ActivityOrMissionDesc |
| Voting Members Governing Body | 33 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 5482 | TotalEmployeeCnt |
| Total Volunteers | 2469 | TotalVolunteersCnt |
| Total Gross UBI | -$646,024 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$1,741,002 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $44,212,743 | PYContributionsGrantsAmt |
| CY Contributions Grants | $35,276,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $221,715,117 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $237,441,613 | CYProgramServiceRevenueAmt |
| PY Investment Income | $109,162,132 | PYInvestmentIncomeAmt |
| CY Investment Income | $75,566,493 | CYInvestmentIncomeAmt |
| PY Other Revenue | $83,044 | PYOtherRevenueAmt |
| CY Other Revenue | $67,751 | CYOtherRevenueAmt |
| PY Total Revenue | $375,173,036 | PYTotalRevenueAmt |
| CY Total Revenue | $348,351,857 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $62,949,506 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $67,921,472 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $175,358,083 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $171,734,889 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $6,779,467 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $112,843,146 | PYOtherExpensesAmt |
| CY Other Expenses | $112,444,399 | CYOtherExpensesAmt |
| PY Total Expenses | $351,150,735 | PYTotalExpensesAmt |
| CY Total Expenses | $352,100,760 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $24,022,301 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,748,903 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,514,900,607 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,570,248,443 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $396,558,730 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $395,932,442 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,118,341,877 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,174,316,001 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Through a commitment to immersive learning, we prepare students to lead engaged, consequential, and creative lives, contribute to their communities, and address the world's most challenging problems. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $88,001,930 | ExpenseAmt |
| Revenue | $218,395,751 | RevenueAmt |
| Desc | Instruction represents the expenses for the educational programs. The programs are comprised of students who are full time on the Middlebury campus plus the students who are attending the study abroad and summer programs. A bachelors degree and a masters in language and English are the primary degrees granted. The Monterey campus offers graduate degrees in programs of study in translation, interpretation and language education and international policy management. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $46,742,364 | ExpenseAmt |
| Grant | $432,507 | GrantAmt |
| Desc | Academic support represents sponsored activities expenses incurred in support of the educational activities for enrolled students. Grants include support to other organizations, foundations, and research institutions. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $107,775,120 | ExpenseAmt |
| Grant | $67,188,965 | GrantAmt |
| Desc | Student services and financial aid represents expenses incurred in the support of the enrolled students. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $42,527,808 | ExpenseAmt |
| Grant | $300,000 | GrantAmt |
| Revenue | $19,045,862 | RevenueAmt |
| Desc | Auxiliary enterprises represent expenses of dormitories, and the expenses and revenue from recreational facilities and food services. Also included is the grant commitment to support the bridge for the Town of Middlebury. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $42,527,808 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $300,000 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $19,045,862 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $285,047,222 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 799 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 5482 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | GM | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
| Foreign Country | RS | ForeignCountryCd |
| Foreign Country | SP | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | IT | ForeignCountryCd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | CI | ForeignCountryCd |
| Foreign Country | AR | ForeignCountryCd |
| Foreign Country | AU | ForeignCountryCd |
| Foreign Country | CM | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 33 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | VT | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | David J Provost | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8024435699 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Old Chapel | AddressLine1Txt |
| City | Middlebury | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05753 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Laurie L Patton | ||||||||||
| President | 40.00 | 1.00 | Yes (X) | Yes (X) | $562,875 | $0 | $95,959 | |||
| Belinda Badcock | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Parker Harris | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Allan Dragone Jr | ||||||||||
| Vice Chair - Term Trustee | 5.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||||
| John R Tormondsen | ||||||||||
| Vice Chair - Charter Trustee | 5.00 | Yes (X) | $0 | $0 | $0 | |||||
| Kirtley Horton Cameron | ||||||||||
| Alumni Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Caroline Sneath McBride | ||||||||||
| Alumni Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Eve B Burton | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Kimberly Collins Parizeau | ||||||||||
| Chair - Charter Trustee | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||||
| Steven B Peterson | ||||||||||
| Charter Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Elisabeth B Robert | ||||||||||
| Charter Trustee | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| James Edward Virtue | ||||||||||
| Charter Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| George C Lee II | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Linda Foster Whitton | ||||||||||
| Charter Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Russell J Leng | ||||||||||
| Term Trustee | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||||
| Garrett M Moran | ||||||||||
| Charter Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Karen A Stolley | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Catherine Lee | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Lucienne Ide | ||||||||||
| Alumni Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Frank W Sesno | ||||||||||
| Charter Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Deborah G Thomas | ||||||||||
| Charter Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Suzanne Reider | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Helen Reiss | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Richard T Scanlon | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| John S Weinberg | ||||||||||
| Vice Chair - Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Dennis D Parker | ||||||||||
| Alumni Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Joseph D Brown | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Leilani M Brown | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Janine F Feng | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Henry J Simonds | ||||||||||
| Alumni Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Mark Spence | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Kashif Zafar | ||||||||||
| Term Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| William F Truscott | ||||||||||
| Alumni Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| David Donahue | ||||||||||
| Secretary | 40.00 | 0.50 | Yes (X) | $167,546 | $0 | $148,443 | ||||
| Patrick Norton | ||||||||||
| Treasurer | 40.00 | Yes (X) | $402,428 | $0 | $69,119 | |||||
| Stephanie M Neil | ||||||||||
| Asst. Secretary | 40.00 | Yes (X) | $78,385 | $0 | $38,923 | |||||
| Susan Baldridge | ||||||||||
| EVP & Provost | 40.00 | $489,767 | $0 | $92,974 | Yes (X) | |||||
| Katie Smith Abbott | ||||||||||
| VP Student Affairs & Dean of College | 40.00 | $174,440 | $0 | $73,733 | Yes (X) | |||||
| Michael Geisler | ||||||||||
| VP Risk & Compliance | 40.00 | $332,777 | $0 | $62,775 | Yes (X) | |||||
| Sunder Ramaswamy | ||||||||||
| Special Advisor of Initiatives | 40.00 | $391,989 | $0 | $104,343 | Yes (X) | |||||
| William C Potter | ||||||||||
| Director of CNS | 40.00 | $279,819 | $0 | $55,422 | Yes (X) | |||||
| Michael Schoenfeld | ||||||||||
| Sr. VP & Chief Philanthropic Advisor | 40.00 | $266,121 | $0 | $76,835 | Yes (X) | |||||
| Philip Geier | ||||||||||
| Exec. Director Davis UWC Program | 40.00 | $241,873 | $0 | $77,326 | Yes (X) | |||||
| William Burger | ||||||||||
| VP Communications & Chief Marketing Officer | 40.00 | $286,011 | $0 | $143,733 | Yes (X) | |||||
| Ronald Liebowitz | ||||||||||
| Former President | 1.00 | $3,432,798 | $0 | $77,823 | Yes (X) | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,106,829 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,117,408 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 231 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Naylor & Breen Builders Inc | |||||
| 191 Alta Woods | Brandon | VT | 05733 | Construction | $2,105,191 |
| EBSCO Industries Inc | |||||
| PO Box 830460 | Birmingham | AL | 35283 | Research Database | $761,932 |
| CET Academic Programs | |||||
| 1920 N St NW Suite 200 | Washington | DC | 20036 | Program Fee | $564,424 |
| Ellucian Company LP | |||||
| 62590 Collections Center Dr | Chicago | IL | 60693 | ITS | $557,054 |
| Structural Energy Corporation | |||||
| PO Box 502 | Middlebury | VT | 05753 | Construction | $497,841 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,941,318 | GovernmentGrantsAmt |
| All Other Contributions | $31,334,682 | AllOtherContributionsAmt |
| Noncash Contributions | $7,713,834 | NoncashContributionsAmt |
| Total Contributions | $35,276,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Tuition and Fees | 611710 | $218,395,751 | $218,395,751 | |
| College Store | 451211 | $2,856,166 | $2,856,166 | |
| Snow Bowl | 713910 | $1,210,166 | $1,210,166 | |
| 51 Main at the Bridge | 722100 | $455,130 | $455,130 | |
| Advertising | 541800 | $55,110 | $55,110 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,469,290 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,469,290 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $237,441,613 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,533,493 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$2,309,273 | UnrelatedBusinessRevenueAmt |
| Exclusion | $24,842,766 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,572 | TotalRevenueColumnAmt |
| Exclusion | $29,572 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $202,046,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $149,013,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $53,033,000 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,033,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,114,830 | UnrelatedBusinessRevenueAmt |
| Exclusion | $51,918,170 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| Book store sale items | 451211 | $21,835 | $21,835 |
| Reprographics sale | 323100 | $16,344 | $16,344 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $38,179 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $348,351,857 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $236,931,373 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$646,024 | UnrelatedBusinessRevenueAmt |
| Exclusion | $76,790,508 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $732,507 | TotalAmt |
| Program Services | $732,507 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,188,965 | TotalAmt |
| Program Services | $67,188,965 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,771,747 | TotalAmt |
| Program Services | $301,197 | ProgramServicesAmt |
| Management And General | $1,169,353 | ManagementAndGeneralAmt |
| Fundraising | $301,197 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,614,233 | TotalAmt |
| Program Services | $3,614,233 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,236,797 | TotalAmt |
| Program Services | $99,666,333 | ProgramServicesAmt |
| Management And General | $20,214,041 | ManagementAndGeneralAmt |
| Fundraising | $3,356,423 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,207,891 | TotalAmt |
| Program Services | $10,724,908 | ProgramServicesAmt |
| Management And General | $2,095,476 | ManagementAndGeneralAmt |
| Fundraising | $387,507 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,635,107 | TotalAmt |
| Program Services | $17,567,872 | ProgramServicesAmt |
| Management And General | $3,432,482 | ManagementAndGeneralAmt |
| Fundraising | $634,753 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,269,114 | TotalAmt |
| Program Services | $6,714,583 | ProgramServicesAmt |
| Management And General | $1,311,923 | ManagementAndGeneralAmt |
| Fundraising | $242,608 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $474,130 | TotalAmt |
| Program Services | $92,275 | ProgramServicesAmt |
| Management And General | $381,409 | ManagementAndGeneralAmt |
| Fundraising | $446 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,228 | TotalAmt |
| Program Services | $151,628 | ProgramServicesAmt |
| Management And General | $153,600 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,577 | TotalAmt |
| Management And General | $16,577 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,704,263 | TotalAmt |
| Management And General | $5,704,263 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $850,463 | TotalAmt |
| Program Services | $239,862 | ProgramServicesAmt |
| Management And General | $588,893 | ManagementAndGeneralAmt |
| Fundraising | $21,708 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,532,091 | TotalAmt |
| Program Services | $1,025,284 | ProgramServicesAmt |
| Management And General | $314,860 | ManagementAndGeneralAmt |
| Fundraising | $191,947 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,236,998 | TotalAmt |
| Program Services | $902,272 | ProgramServicesAmt |
| Management And General | $1,313,764 | ManagementAndGeneralAmt |
| Fundraising | $20,962 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,783,837 | TotalAmt |
| Program Services | $10,863,508 | ProgramServicesAmt |
| Management And General | $882,989 | ManagementAndGeneralAmt |
| Fundraising | $37,340 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,924,821 | TotalAmt |
| Program Services | $6,467,261 | ProgramServicesAmt |
| Management And General | $1,049,161 | ManagementAndGeneralAmt |
| Fundraising | $408,399 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,247,434 | TotalAmt |
| Program Services | $819,971 | ProgramServicesAmt |
| Management And General | $399,746 | ManagementAndGeneralAmt |
| Fundraising | $27,717 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,767,963 | TotalAmt |
| Program Services | $11,886,628 | ProgramServicesAmt |
| Management And General | $881,335 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,454,647 | TotalAmt |
| Program Services | $14,688,414 | ProgramServicesAmt |
| Management And General | $5,766,233 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,830,099 | TotalAmt |
| Program Services | $2,933,068 | ProgramServicesAmt |
| Management And General | -$102,969 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Other Miscellaneous Exp | $13,645,658 | $2,092,830 | $11,411,357 | $141,471 |
| Contracted Services | $12,865,732 | $11,908,052 | $439,602 | $518,078 |
| Food | $5,409,322 | $5,390,843 | $15,533 | $2,946 |
| Supplies | $3,701,727 | $3,484,143 | $210,818 | $6,766 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,693,409 | TotalAmt |
| Program Services | $5,590,585 | ProgramServicesAmt |
| Management And General | $2,623,625 | ManagementAndGeneralAmt |
| Fundraising | $479,199 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,100,760 | TotalAmt |
| Program Services | $285,047,222 | ProgramServicesAmt |
| Management And General | $60,274,071 | ManagementAndGeneralAmt |
| Fundraising | $6,779,467 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,365,358 | BOYAmt |
| EOY | $8,697,961 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $315,380 | BOYAmt |
| EOY | $318,901 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,980,401 | BOYAmt |
| EOY | $20,897,838 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,128,275 | BOYAmt |
| EOY | $5,727,182 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,649 | BOYAmt |
| EOY | $33,588 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,267,773 | BOYAmt |
| EOY | $15,311,481 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $968,032 | BOYAmt |
| EOY | $798,604 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,184,513 | BOYAmt |
| EOY | $3,563,990 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $783,917,001 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $402,502,629 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $388,920,501 | BOYAmt |
| EOY | $381,414,372 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,308,000 | BOYAmt |
| EOY | $157,758,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $885,842,407 | BOYAmt |
| EOY | $947,360,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,583,318 | BOYAmt |
| EOY | $28,366,526 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,514,900,607 | BOYAmt |
| EOY | $1,570,248,443 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,664,766 | BOYAmt |
| EOY | $42,217,323 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,059,447 | BOYAmt |
| EOY | $20,106,504 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,574,228 | BOYAmt |
| EOY | $260,776,325 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,235,581 | BOYAmt |
| EOY | $9,950,595 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,000 | BOYAmt |
| EOY | $21,840,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,954,708 | BOYAmt |
| EOY | $41,041,695 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $396,558,730 | BOYAmt |
| EOY | $395,932,442 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,983,769 | BOYAmt |
| EOY | $239,988,483 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $507,209,698 | BOYAmt |
| EOY | $557,212,566 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $362,148,410 | BOYAmt |
| EOY | $377,114,952 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,118,341,877 | BOYAmt |
| EOY | $1,174,316,001 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,514,900,607 | BOYAmt |
| EOY | $1,570,248,443 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,748,903 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $59,659,282 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $63,745 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $61,747,381 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $54,237,347 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,195,841 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,212,743 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $35,276,000 | CurrentTaxYearAmt |
| Total | $244,669,312 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $61,747,381 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $54,237,347 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $49,195,841 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,212,743 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $35,276,000 | CurrentTaxYearAmt |
| Total | $244,669,312 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $10,521,414 | SubstantialContributorsTotAmt |
| Public Support Total170 | $234,147,898 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $349,360 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,114,712 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,363,258 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $43,220,682 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,872,338 | CurrentTaxYearAmt |
| Total | $142,920,350 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $387,589,662 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,095,115,819 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.60410 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64830 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | Yes (1) | MailingsMembersInd |
| Mailings Members | $1 | MailingsMembersAmt |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $16,576 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $16,577 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1: | FormAndLineReferenceDesc |
| Explanation | Middlebury pays dues to trade associations, some of which may be used for lobbying purposes. Middlebury has a contract with a private company who actively participated in the tax discussions involving the proposed effort to tax currently tax-exempt property, the proposed mandatory employee work break bill and other legislative matters in the State of Vermont. The private company received total payments of $16,577 from Middlebury as a lobbyist. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $18,966,908 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,000,598,308 | BeginningYearBalanceAmt |
| Contributions | $11,852,000 | ContributionsAmt |
| Investment Earnings Or Losses | $130,706,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$12,487,365 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$56,364,219 | OtherExpendituresAmt |
| Administrative Expenses | -$328,415 | AdministrativeExpensesAmt |
| End Year Balance | $1,073,976,309 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,101,053,639 | BeginningYearBalanceAmt |
| Contributions | $16,178,578 | ContributionsAmt |
| Investment Earnings Or Losses | -$46,905,430 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$11,523,128 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$57,898,696 | OtherExpendituresAmt |
| Administrative Expenses | -$306,655 | AdministrativeExpensesAmt |
| End Year Balance | $1,000,598,308 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,081,894,682 | BeginningYearBalanceAmt |
| Contributions | $19,555,299 | ContributionsAmt |
| Investment Earnings Or Losses | $73,515,113 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$10,458,096 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$63,107,736 | OtherExpendituresAmt |
| Administrative Expenses | -$345,623 | AdministrativeExpensesAmt |
| End Year Balance | $1,101,053,639 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $972,992,750 | BeginningYearBalanceAmt |
| Contributions | $17,601,181 | ContributionsAmt |
| Investment Earnings Or Losses | $147,666,395 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$10,785,087 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$45,287,573 | OtherExpendituresAmt |
| Administrative Expenses | -$292,984 | AdministrativeExpensesAmt |
| End Year Balance | $1,081,894,682 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $879,690,062 | BeginningYearBalanceAmt |
| Contributions | $9,612,949 | ContributionsAmt |
| Investment Earnings Or Losses | $138,444,821 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$8,886,052 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$45,582,744 | OtherExpendituresAmt |
| Administrative Expenses | -$286,286 | AdministrativeExpensesAmt |
| End Year Balance | $972,992,750 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.21250 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.33170 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.45580 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,534,927 | OtherCostOrOtherBasisAmt |
| Book Value | $56,534,927 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $600,803,521 | OtherCostOrOtherBasisAmt |
| Depreciation | $326,118,285 | DepreciationAmt |
| Book Value | $274,685,236 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $124,516,613 | OtherCostOrOtherBasisAmt |
| Depreciation | $76,384,344 | DepreciationAmt |
| Book Value | $48,132,269 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,061,940 | OtherCostOrOtherBasisAmt |
| Book Value | $2,061,940 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $381,414,372 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Equity securities | $269,116,000 | F |
| Alternative equities | $302,947,000 | F |
| Debt securties | $28,943,000 | F |
| Real estate and mortgages | $11,050,000 | F |
| Private equity partnerships | $326,841,000 | F |
| Other investments | $5,667,000 | F |
| CRUTS Receivable | $2,796,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $947,360,000 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Funds held for others | $3,396,921 |
| Annuities and Unitrusts payable | $25,677,251 |
| Refundable Government Loans | $11,967,523 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $41,041,695 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | The Middlebury Museum of Art is a department of Middlebury that serves the educational mission of Middlebury and is particularly linked to the department of History of Art and Architecture and the Studio Art program. The Museum strives to acquire works that reflect a variety of artistic and cultural endeavors. The primary goal of the Museum's collecting activities is to develop an eclectic body of representative artifacts that illustrate and interpret artistic expression in diverse forms from a broad range of cultures. The Museum's permanent collection supports the educational goals and cultural enrichment of the academic community. The collection is used to further scholarly research as well as appreciation for works of art, history, and culture of diverse societies. |
| Part IV, Line 2b: | Middlebury holds custodial endowment funds to support Porter Hospital and the Town of Middlebury. |
| Part V, Line 4: | Middlebury's endowment consists of donor restricted endowment funds and board-designated funds to function as endowment for a variety of purposes. Middlebury's Board of Trustees approves a distribution of investment return based on the average asset value as determined at the end of the twelve prior calendar quarters. Calculations are performed for individual endowment funds at a rate of 5.0%. The corresponding calculated spending allocations are distributed monthly from the current net total or accumulated net total investment returns for individual endowment funds and are used for scholarships, prizes, professorships, special purposes, and capital projects. Middlebury has defined the endowment assets to include the pooled investments, Delineation assets, separately invested endowment funds, and interests in perpetual trusts. |
| Part X, Line 2: | Tax-Exempt Status Middlebury is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code and recognizes the effect of income tax positions only if those positions are more likely than not of being sustained by a taxing authority. Middlebury believes it has taken no significant uncertain tax positions. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | Middlebury satisfies the publicity requirement by posting the Non-Discrimination Policy on Middlebury's web site. The policy is included in the Middlebury handbook, which is a resource guide for incoming students. The Compliance Officer is committed to maintaining a diverse and inclusive campus environment where bigotry and intolerance are unacceptable. |
| Schedule E, Part I, Line 6 | Students apply for and receive federal financial aid and faculty or staff apply for and receive government grants. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (24 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| East Asia and the Pacific | 4 | 6 | Program Service | Studies Abroad | $1,488,637 |
| Europe | 6 | 266 | Program Service | Studies Abroad | $4,717,093 |
| Middle East and North Africa | 2 | 51 | Program Service | Studies Abroad | $996,196 |
| Russia and Newly Independent States | 3 | 23 | Program Service | Studies Abroad | $441,293 |
| So.America | 2 | 78 | Program Service | Studies Abroad | $1,273,939 |
| Sub-Saharan Africa | 1 | 9 | Program Service | Studies Abroad | $145,617 |
| Central America & the Caribbean | 0 | 0 | Program ServiceProgram Service | Community Service | $14,000 |
| South Asia | 0 | 1 | Program Service | Studies Abroad | $183,415 |
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | Investments | $167,600,000 | |||
| Studies Abroad | |||||
| Russia and Newly Independent States | Enrichment/conference | $13,000 | |||
| Central America & the Caribbean | Enrichment/conference | $38,000 | |||
| East Asia and the Pacific | Enrichment/conference | $102,000 | |||
| Europe | Enrichment/conference | $226,000 | |||
| So.America | Enrichment/conference | $35,000 | |||
| South Asia | Enrichment/conference | $25,000 | |||
| Sub-Saharan Africa | Enrichment/conference | $34,000 | |||
| Europe | Research | $230,000 | |||
| East Asia and the Pacific | Research | $30,000 | |||
| Russia and Newly Independent States | Research | $175,000 | |||
| Middle East and North Africa | Research | $19,000 | |||
| Sub-Saharan Africa | Research | $3,000 | |||
| East Asia and the Pacific | Fundraising | $25,000 | |||
| Europe | Fundraising | $61,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 18 | SubtotalOfficesCnt |
| Subtotal Employees | 434 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 18 | TotalOfficeCnt |
| Total Employee | 434 | TotalEmployeeCnt |
| Subtotal Spent | $9,260,190 | SubtotalSpentAmt |
| Continuation Spent | $168,616,000 | ContinuationSpentAmt |
| Total Spent | $177,876,190 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, line 3: | FormAndLineReferenceDesc |
| Explanation | Expenditures are recorded on the accrual basis of accounting. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Research Foundation of SUNY | |||||||
| 35 State St | Albany | NY | 12207 | 141368361 | 501(c)(3) | $16,538 | Research grant |
| Town of Middlebury | |||||||
| 94 Main Street | Middlebury | VT | 05753 | Town-Middlebury | $300,000 | Town Bridge Project | |
| Potomac Theatre Project | |||||||
| 4 Nedde Lane | Middlebury | VT | 05753 | 132960856 | 501(c)(3) | $105,658 | Professional theatre company affiliated with Middlebury |
| Town Hall Theatre | |||||||
| 68 South Pleasant Street | Middlebury | VT | 05753 | 262091573 | 501(c)(3) | $42,159 | Annual Pledge |
| Addison County Transit Resources | |||||||
| 297 Creek Road | Middlebury | VT | 05753 | 030335768 | 501(c)(3) | $29,360 | Sponsorship |
| Point Park University | |||||||
| 201 Wood Street | Pittsburgh | PA | 152221984 | 251094922 | 501(c)(3) | $21,447 | Research grant |
| Georgia Tech Applied Research | |||||||
| 505 Tenth Street NW | Atlanta | GA | 30318 | 582374837 | 501(c)(3) | $127,345 | Research grant |
| NU Borders LLC | |||||||
| 72 Main St | Bridgewater | MA | 02324 | 475179680 | LLC | $90,000 | Research grant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial Aid - Scholarships- Reported as non-cash assistance. The assistance is a tuition offset. | GrantTypeTxt |
| Recipient | 3012 | RecipientCnt |
| Non Cash Assistance | $67,188,965 | NonCashAssistanceAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Disbursements in furtherance of Middlebury's exempt programs are made in accordance with procedures or subject to conditions established by Middlebury's governing board designed to ensure that the individuals receiving disbursements from Middlebury are adequately investigated to ensure that they are qualifying recipients. Grant sub-awardees are required to submit A-133 reports which are reviewed by the Middlebury's grant accountant. All billings are reviewed and approved by the principal investigator and grant accountant before being paid. All financial assistance reported in Schedule I, Part III is in the form of tuition reduction/offsets to ensure that financial assistance funds are used for their intended educational purpose. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | Yes (1) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (1) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Laurie L Patton | ||||||||||||||
| President | $560,037 | $0 | $0 | $0 | $2,838 | $0 | $55,650 | $0 | $40,309 | $0 | $658,834 | $0 | $0 | $0 |
| David Donahue | ||||||||||||||
| Secretary | $167,129 | $0 | $0 | $0 | $417 | $0 | $89,460 | $0 | $58,983 | $0 | $315,989 | $0 | $0 | $0 |
| Patrick Norton | ||||||||||||||
| Treasurer | $201,038 | $0 | $0 | $0 | $201,390 | $0 | $46,488 | $0 | $22,631 | $0 | $471,547 | $0 | $100,000 | $0 |
| Susan Baldridge | ||||||||||||||
| EVP & Provost | $263,735 | $0 | $0 | $0 | $226,032 | $0 | $55,650 | $0 | $37,324 | $0 | $582,741 | $0 | $125,000 | $0 |
| Katie Smith Abbott | ||||||||||||||
| VP Student Affairs & Dean of College | $173,045 | $0 | $0 | $0 | $1,395 | $0 | $39,294 | $0 | $34,439 | $0 | $248,173 | $0 | $0 | $0 |
| Michael Geisler | ||||||||||||||
| VP Risk & Compliance | $131,142 | $0 | $0 | $0 | $201,635 | $0 | $30,223 | $0 | $32,552 | $0 | $395,552 | $0 | $100,000 | $0 |
| Sunder Ramaswamy | ||||||||||||||
| Special Advisor of Initiatives | $290,822 | $0 | $0 | $0 | $101,167 | $0 | $55,650 | $0 | $48,693 | $0 | $496,332 | $0 | $50,000 | $0 |
| William C Potter | ||||||||||||||
| Director of CNS | $273,879 | $0 | $0 | $0 | $5,940 | $0 | $42,400 | $0 | $13,022 | $0 | $335,241 | $0 | $0 | $0 |
| Michael Schoenfeld | ||||||||||||||
| Sr. VP & Chief Philanthropic Advisor | $259,522 | $0 | $0 | $0 | $6,599 | $0 | $61,936 | $0 | $14,899 | $0 | $342,956 | $0 | $0 | $0 |
| Philip Geier | ||||||||||||||
| Exec. Director Davis UWC Program | $236,707 | $0 | $0 | $0 | $5,166 | $0 | $54,337 | $0 | $22,989 | $0 | $319,199 | $0 | $0 | $0 |
| William Burger | ||||||||||||||
| VP Communications & Chief Marketing | $284,331 | $0 | $0 | $0 | $1,680 | $0 | $52,429 | $0 | $91,304 | $0 | $429,744 | $0 | $0 | $0 |
| Ronald Liebowitz | ||||||||||||||
| Former President | $470,680 | $0 | $0 | $0 | $2,962,118 | $0 | $38,901 | $0 | $38,922 | $0 | $3,510,621 | $0 | $601,646 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | In rare cases, Middlebury uses gross-up payments to minimize the tax burden to an employee who takes on an assignment on behalf of Middlebury that results in additional taxable income. Middlebury has grossed up dependent tuition benefits for a Middlebury highly compensated employee. As a condition of employment Middlebury provides a Middlebury Officer with a residence for the convenience of the employer. |
| Part I, Line 4b | The Secretary participates in a supplemental nonqualified retirement plan which is contingent upon services. Contributions to the plan amounted to $50,000. Payments from the plan were made to the Executive Vice President and Provost, Vice President of Risk and Compliance, Special Advisor of Initiatives, the Treasurer and the Former President. These payments were $225,000, $200,000, $100,000, $200,000 and $2,961,000, respectively. Individuals that received payments no longer participate in the plan. Deferred compensation includes pretax contributions to the voluntary retirement plan, contributions to Middlebury's non-qualified tax advantaged deferred-compensation retirement plan (457 plan), and Middlebury contributions to the core retirement plan on the behalf of the employee. |
| Part I, Line 7 | The President's compensation is set by the Compensation Committee of the Board of Trustees. Any increases shall be within the Board's sole discretion and shall be based upon the President's performance, which will be reviewed yearly, prior to June 30 by the Chair of the Board, who will make a recommendation to the Compensation Committee for compensation. |
| Part I, Line 8 | The President's employment contract includes provisions governing the following: term of the contract, renewal/extension, duties, compensation, benefits/reimbursements, evaluation process of the president, termination, office and residence expenses, and sabbatical leave. Part II, Column (D) Nontaxable benefits include, but are not limited to, nontaxable housing, flexible spending accounts, tuition reimbursement program, medical, dental, and vision insurance, workman's compensation insurance, life insurance, disability insurance, and unemployment insurance. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| VEHBFA (Series 2010) | ||||||||
| A | 237154467 | 924166DH1 | 2010-11-01 | $101,791,989 | refunding (Series 1988A;2002B;2008) | 0 | 0 | 0 |
| VEHBFA (Series 2009) | ||||||||
| B | 237154467 | 924166DG3 | 2010-01-14 | $62,014,213 | refunding (Series 1999) | 0 | 0 | 0 |
| VEHBFA (Series2012A&B) | ||||||||
| C | 237154467 | 924166EC1 | 2012-04-10 | $67,058,784 | Adv.& refund 2002 | 0 | 0 | 0 |
| VEBFHA (Series 2016) | ||||||||
| D | 237154467 | 924166HZ7 | 2016-08-05 | $36,781,621 | refunding (Series 2006A) | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $101,791,989 | $817,182 | $100,974,807 | 1999 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $62,014,213 | $605,880 | $61,408,333 | 2002 | Yes (1) | 0 | Yes (1) | Yes (1) |
| C | $67,058,784 | $722,528 | $66,336,256 | 2012 | Yes (1) | Yes (1) | Yes (1) | Yes (1) |
| D | $36,781,621 | $491,120 | $36,290,501 | 2016 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | ||
| B | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | ||
| D | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | 0.00010 | 0.00010 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part I, Bond Issues: | Series 2012 A and B The Series 2012 Bond issuance was comprised of of Series A and Series B. All information on the Form 8038 is consolidated. The figures in Column C refer to the consolidated figures for both Series 2012 A and B. (a) Issuer Name: VEHBFA (Series 2012A) (f) Description of purpose: advance refunding (Series 2002A) (a) Issuer Name: VEHBFA (Series 2012B) (f) Description of purpose: advance refunding (Series 2002A) Series 2009, 2010, 2012 and 2016 - Part IV, Line 2c The bond proceeds for each bond issue were immediately expended to refund the previous bond issues. Consequently, no rebate calculation was required. |
| Schedule K, Part IV, Line 2c |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SRamaswamy | PersonNm |
| Relationship With Org | HCE | RelationshipWithOrgTxt |
| Loan Purpose | Mortgage | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $67,671 | OriginalPrincipalAmt |
| Balance Due | $33,588 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $33,588 | TotalBalanceDueAmt |
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Multiple | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $136,000 | CashGrantAmt |
| Type Of Assistance | Benefit | TypeOfAssistanceTxt |
| Assistance Purpose | Tuition | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Sharing Of RevenuesSharingOfRevenuesInd | Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc |
|---|---|---|---|
| (no name) | |||
| 0 | |||
| Shalom L Goldman | |||
| 0 | Spouse of Officer | $192,209 | Employee |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 20 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,373,064 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 310 | ContributionCnt |
| Noncash Contributions Rpt F990 | $6,326,552 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Miscellaneous items | Desc |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $14,218 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 8 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Column (b): | We are reporting the number of contributions based on the number of contributors. |
| Part I, Line 32b: | Middlebury will sell from time to time noncash items, other than securities, at local auction houses. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1 | Middlebury has an executive committee who has broad authority to act on behalf of the Board of Trustees. The executive committee is comprised of trustees who are currently serving on the governing Board of Trustees. |
| Form 990, Part VI, Section B, line 11b | Management presents the Form 990 to the Audit Committee for a detailed review. Once the Audit Committee has completed their review, management provides the return to the full Board of Trustees. The full board receives the Form 990 before it is filed with the IRS. The Form 990 is posted in the electronic board book and trustees are notified when the return is available. |
| Form 990, Part VI, Section B, line 12c | Middlebury has a written conflict of interest policy. Each member of the Board of Trustees or an Advisory Board is given the written policy and is requested to review and understand the terms of the policy and to immediately disclose any possible financial, personal, familial, or business relationship that may give rise to a conflict. Each Trustee completes an annual disclosure form. The disclosure forms are reviewed annually by Management and the Audit Committee Chair. |
| Form 990, Part VI, Section B, line 15 | Middlebury has a formal compensation committee who reviews and recommends to the full board the compensation for the top management officials. The Compensation Committee consists of the Chair, Vice Chair, and one Trustee appointed by the Chair. The Committee establishes goals for the President and the annual performance appraisal process. The Committee reviews and sets total compensation for the President of the Middlebury as well as reviews and comments on compensation and contracts for other senior officers of the Middlebury. The Committee is authorized to engage legal counsel and compensation consultants as appropriate. The Compensation Committee normally meets in late June to complete the presidential assessment for the current year and sets goals for the following year. The Treasurer reviews with the Committee the Schedule J of the IRS Form 990. The Treasurer reviews with the Committee comparable compensation data prepared by an independent third party compensation consultant. The President provides to the Committee performance reviews of senior administrators. |
| Form 990, Part VI, Section C, line 19 | Middlebury has made its annual audited financial statements available to the general public by posting the statements on the its website. Middlebury will also provide copies upon request and copies are available in the financial offices. The conflict of interest policy is also posted on the website. Middlebury's Form 990 is available through Guidestar.org. |
| Form 990, Part XI, line 9: | Change in deferred gifts 63,745. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| Delineation Corporation | ||||||||||
| Controllers Office | Middlebury | VT | 05753 | 237259519 | To receive or purchase real and personal property for the benefit of MC. | VT | 501(c)(2) | President and Fellows of Middlebury College | Yes (1) | |
| Green Mountain Higher Education Consortium Inc | ||||||||||
| 84 S Service Road 202B | Middlebury | VT | 05753 | 901113280 | Promoting the educational purpose and consolidating services | VT | 501(c)(3) | 0 | 10 | |
| The President and Friends of Middlebury College | ||||||||||
| Controllers Office | Middlebury | VT | 05753 | 030285938 | Promoting the educational purpose of running dining events and eateries | VT | 501(c)(3) | President and Fellows of Middlebury College | Yes (1) | 10 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| Charitable remainder trust (57) | ||||||||
| see Part VII note for Col CFG | Middlebury | VT | 05753 | Investment Support | VT | N/A | T | Yes (1) |
| Charitable lead trust (2) | ||||||||
| see Part VII note for Col CFG | Middlebury | VT | 05753 | Investment Support | VT | N/A | T | Yes (1) |
| Pooled income fund (1) | ||||||||
| Middlebury College | Middlebury | VT | 05753 | Investment Support | VT | N/A | T | Yes (1) |
| Life income fund (1) | ||||||||
| Middlebury College | Middlebury | VT | 05753 | Investment Support | VT | N/A | T | Yes (1) |
| (no name) | ||||||||
| Yes (1) | ||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Delineation Corporation | ||
| D | $22,670,928 | FMV |
| Charitable Gift Annuities & Unitrusts (8) | ||
| S | $1,089,027 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R; PART IV; COLUMN C | FormAndLineReferenceDesc |
| Explanation | Legal Domicile Charitable Remainder Trusts include Vermont and Massachusetts Charitable Lead Trusts include Vermont and the District of Columbia | ExplanationTxt |