2017-04-18T07:32:09-05:00 2016-05-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2015-06-01 030179424 NORWICH UNIVERSITY NORW 8024852040 158 HARMON DRIVE NORTHFIELD VT 05663 LAUREN WOBBY CFO/TREASURER 8024852040 2017-04-12 1 KAREN GRIES P00078514 6179848100 2017-04-12 2015 2021-01-29 14:40:06Z RICHARD SCHNEIDER 158 HARMON DRIVE NORTHFIELD VT 05663 164676994 0 X WWW.NORWICH.EDU X 1819 VT NORWICH'S MISSION IS TO GIVE OUR YOUTH AN EDUCATION THAT SHALL BE AMERICAN IN ITS CHARACTER. 31 30 1164 500 37540 0 22048720 8548233 125827550 130413044 13824222 7451662 607743 451037 162308235 146863976 42466521 45017342 0 0 51874280 52535209 0 0 4012203 50075168 50084983 144415969 147637534 17892266 -773558 451033547 426934125 146530813 137445074 304502734 289489051 X NORWICH UNIVERSITY'S MISSION IS TO GIVE OUR YOUTH AN EDUCATION THAT SHALL BE AMERICAN IN CHARACTER. 0 0 85679688 45017342 102423144 INSTRUCTIONAL - STUDENT BODY OF OVER 3,000 GRADUATE AND UNDERGRADUATE STUDENTS. LIBRARY AND COMPUTER CENTER SERVICING STUDENT BODY, FACULTY AND STAFF. WEB-BASED INSTRUCTIONAL PLATFORM SUPPORTING OVER 1,000 GRADUATE AND UNDERGRADUATE STUDENTS. STUDENTS RECEIVE CAMPUS-BASED GRANTS, SCHOLARSHIPS AND AWARDS COUPLED WITH AID FROM FEDERALLY FUNDED PROGRAMS. 23199969 172746 STUDENT SERVICE AND ATHLETICS - PROVIDE LEADERSHIP & TRAINING TO APPROXIMATELY 1,300 STUDENT CORPS OF CADETS. PROVIDE ACTIVITIES AND PROGRAMMING FOR AN UNDERGRADUATE STUDENT BODY FOR OVER 2,000 STUDENTS. APPROXIMATELY 500 STUDENTS PARTICIPATING IN 20 VARSITY SPORTS. STUDENTS HAVE THE OPPORTUNITY TO PARTICIPATE IN INTRAMURAL ATHLETICS AND APPROXIMATELY 80 CLUBS AND ORGANIZATIONS. 18695477 32987646 AUXILIARY ENTERPRISES AND OTHER STUDENT SERVICES INCLUDE CAFETERIA, DORMITORIES, BOOKSTORE AND UNIFORM SHOP SERVICING THE UNDERGRADUATEPOPULATION OF OVER 2,000 UNDERGRADUATE STUDENTS. 127575134 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 1 6059 0 1164 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 AK MA MD MI NH NY OR SC X LAUREN WOBBY CFOTREASURER 8024852040 158 HARMON DRIVE NORTHFIELD VT 05663 X RICHARD SCHNEIDER PRESIDENT 65.00 X X 416679 0 89528 PAUL CARRARA TRUSTEE 2.50 X 0 0 0 LARRY COSTA TRUSTEE 2.50 X 0 0 0 PETER DALRYMPLE TRUSTEE 2.50 X 0 0 0 ALAN F DEFOREST CHAIRMAN 2.50 X 0 0 0 DENISE M DONOVAN TRUSTEE 2.50 X 0 0 0 PHILIP DOWN TRUSTEE 2.50 X 0 0 0 LORNA DUPHINEY EDMUNDSON TRUSTEE 2.50 X 0 0 0 TRICIA ELMER TRUSTEE 2.50 X 0 0 0 JOHN GATTI TRUSTEE 2.50 X 0 0 0 MAXINE GRAD TRUSTEE 2.50 X 0 0 0 ROBERTA HANEY TRUSTEE 2.50 X 0 0 0 WM BLAINE HAWKINS TRUSTEE 2.50 X 0 0 0 VIRGINIA HOUSTON TRUSTEE 2.50 X 0 0 0 LARRY JEFFORDS TRUSTEE 2.50 X 0 0 0 JOEL A KOBERT TRUSTEE 2.50 X 0 0 0 CRAIG KOZIOL TRUSTEE 2.50 X 0 0 0 LARRY LANG TRUSTEE 2.50 X 0 0 0 WILLIAM LASKY TRUSTEE 2.50 X 0 0 0 JESUS MANGUAL TRUSTEE 2.50 X 0 0 0 DOUGLAS M MCCRACKEN TRUSTEE 2.50 X 0 0 0 RICHARD NEAL TRUSTEE 2.50 X 0 0 0 MILES PRENTICE TRUSTEE 2.50 X 0 0 0 MARTHA RAINVILLE TRUSTEE 2.50 X 0 0 0 STEPHEN RIPPE TRUSTEE 2.50 X 0 0 0 PHIL SOUCY VICE CHAIRMAN 2.50 X 0 0 0 GORDON SULLIVAN TRUSTEE 2.50 X 0 0 0 GARY F TERRY TRUSTEE 2.50 X 0 0 0 MARK THOMPSON TRUSTEE 2.50 X 0 0 0 ELIZABETH VEACH TRUSTEE 2.50 X 0 0 0 DAVID WARREN TRUSTEE 2.50 X 0 0 0 J FRED WEINTZ TRUSTEE 2.50 X 0 0 0 MIM RUNEY TRUSTEE 2.50 X 0 0 0 ROBERT YOUNG TRUSTEE 2.50 X 0 0 0 DAVE WHALEY SECRETARY/VP DEVELOPMENT 40.00 X 168689 0 38322 LAURA AMELL ASSISTANT SECRETARY 40.00 X 62610 0 36906 LAUREN WOBBY CFO/TREASURER 40.00 X 138799 0 36906 GUIYOU HUANG SVPAA/PROVOST 40.00 X 177588 0 34944 FRANK VANECEK VP STUDENT SERVICES 40.00 X 178128 0 26034 DAVID MAGIDA CHIEF ADMIN OFFICER 40.00 X 177508 0 14195 WILLIAM CLEMENTS VP GRAD/CONTINUING STUDIES 40.00 X 162362 0 33690 PHILIP T SUSMANN VP STRATEGIC PTNRSHP 4.00 36.00 X 104832 108408 45053 ANDREA TALENTINO DEAN COLLEGE OF LIBERAL ARTS 40.00 X 139056 0 11122 THOMAS DESCOTEAUX ENGINEERING PROFESSOR 40.00 X 127982 0 27957 MELVIN MILLER PSYCHOLOGY PROFESSOR 40.00 X 135408 0 27733 JOSEPH BYRNE ASSOCIATE VP ACADEMIC AFFAIRS 40.00 X 130842 0 13029 2120483 108408 435419 36 0 1 0 NCS PEARSON INC 5601 GREEN VALLEY DR SUITE 220 BLOOMINGTON MN 554371187 OUTSOURCED ADMISSIONS 6378664 CENTRAL VERMONT MEDICAL CENTER PO BOX 547 BARRE VT 05641 MEDICAL CARE 600900 ELLUCIAN COMPANY LP 62578 COLLECTION CENTER DR CHICAGO IL 606930625 SOFTWARE SERVICES 465460 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 ADMISSIONS CONSULTING 421214 LAMOILLE VALLEY TRANSPORTATION 643 VT RT 15 W MORRISVILLE VT 05661 TRANSPORTATION 372732 18 19691 50402 2271238 6206902 2012439 8548233 NET TUITION & FEES 611310 128036383 128036383 OTHER AUXILIARY SERVICES 611310 2376661 2365857 10804 130413044 2490662 26736 2463926 7119 7119 690722 505062 185660 185660 185660 22151025 17190025 4961000 4961000 4961000 155893 50402 117931 37962 37962 STUDENT LOAN INTEREST 900099 220296 220296 220296 146863976 130622536 37540 7655667 73792 73792 44790521 44790521 153029 153029 1920453 667394 758394 494665 37247064 29365658 6074186 1807220 2180548 1719148 355600 105800 8238695 6495403 1343552 399740 2948449 2324563 480828 143058 634514 366246 268268 373561 19218 344343 10000 94315 94315 9621 9621 1002079 1002079 3772627 2885194 634324 253109 433085 320026 110857 2202 1027360 633546 296414 97400 1712132 537304 1165123 9705 3867844 3747718 68143 51983 4287950 3437537 550709 299704 18487 17638 849 3566447 3566151 296 8518884 8518884 1031521 1031521 FOOD SERVICE 6474643 6391630 57112 25901 OUTSOURCE ADMISSIONS 6343232 6343232 BOOKS AND PERIODICALS 1844049 1834749 7610 1690 SUPPLIES 1823356 1453063 319575 50718 3249276 1913490 1076478 259308 147637534 127575134 16050197 4012203 36190272 30750596 34775159 28870202 3199627 2966446 1186761 1791671 1853257 2979176 236094816 95868572 139990627 140226244 75788848 68336209 139054280 132764872 9230044 9283885 9764672 8964824 451033547 426934125 5388478 3148166 6270260 6392539 91815000 88610079 7948734 1890622 35108341 37403668 146530813 137445074 X 108718431 109138087 149884923 132848241 45899380 47502723 304502734 289489051 451033547 426934125 X -773558 -12460750 -1779375 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 9621 9621 0 PART II-B, LINE 1: NORWICH UNIVERSITY PAYS DUES TO SEVERAL ASSOCIATIONS WHICH INCLUDE AS PART OF THEIR ONGOING ACTIVITIES LOBBYING ACTIVITIES WITH FEDERAL AND STATE LEGISLATIVE BODIES. NORWICH ESTIMATES THAT A QUARTER OF DUES PAID TO SUCH ORGANIZATIONS FINANCE SUCH LOBBYING ACTIVITIES, THE TOTAL OF WHICH IS $9,621. X X X X X PUBLIC PROGRAMS 0 215552768 1868302 -5462259 4090372 5364228 1002079 201502132 212335340 1497734 11675648 3762076 4977924 1215954 215552768 189657944 1203512 30776188 3529713 4709487 1063104 212335340 165756998 1444415 31034376 3253904 4390428 933513 189657944 180071682 1006626 -6854753 3176111 4306131 984315 165756998 0.33700 0.23600 0.42700 1 0 987310 987310 183298789 66867337 116431452 28757725 23047114 5710611 23050992 5954121 17096871 140226244 EQUITY ALTERNATIVE INVESTMENTS 51086492 F OTHER ALTERNATIVE INVESTMENTS 499100 F HEDGE FUND ALTERNATIVE INVESTMENTS 48674715 F VENTURE CAPITAL ALT INVESTMENTS 26129388 F REAL ASSET ALTERNATIVE INVESTMENTS 6375177 F 132764872 GOVERNMENT ADVANCES & STUDENT LOANS 7610899 ACCRUED LIABILITIES 6444508 DISCOUNT ON LIFE INCOME FUNDS 2741804 SWAP VALUATION 20606457 37403668 X PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS, IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE UNIVERSITY RECORDS ITEMS OF COLLECTIONS, WHICH ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT THE UNIVERSITY, AS A GIFT AT NOMINAL VALUE. THESE GIFTS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. PART III, LINE 4: THE SULLIVAN MUSEUM AND HISTORY CENTER, THE MUSEUM OF NORWICH UNIVERSITY, HAS A COLLECTION OF 14,000-16,000 OBJECTS WHICH ARE USED TO SHARE THE COLLECTIVE STORIES OF THE THOUSANDS OF NORWICH STUDENTS, FACULTY, AND STAFF SINCE ITS FOUNDING IN 1819. THE COLLECTION BEGAN AROUND 1900 AND IS STILL GROWING TODAY WITH THE GENEROUS DONATIONS OF NORWICH ALUMNI AND FRIENDS. TODAY THE COLLECTION PROCESS IS OVERSEEN BY A COLLECTION COMMITTEE AND TWO PROFESSIONALLY TRAINED MUSEUM STAFF MEMBERS, A DIRECTOR AND A CURATOR. THE COLLECTION CONTAINS FINE ARTS (PAINTINGS, SCULPTURES, PRINTS), DECORATIVE ARTS (FURNITURE, ETC.), MILITARY FIREARMS AND OTHER WEAPONS, TEXTILES (UNIFORMS AND FLAGS), PERSONAL COLLECTIONS OF VARIOUS MILITARY OFFICERS FROM CAPTAIN ALDEN PARTRIDGE, OUR FOUNDER, TO THE PRESENT, AND ITEMS REPRESENTING THE VARIOUS DEPARTMENTS OF THE UNIVERSITY INCLUDING MUSICAL INSTRUMENTS, ENGINEERING EQUIPMENT, SPORTS ITEMS, CAVALRY AND AVIATION EQUIPMENT, AND BUSINESS MACHINES. THE SULLIVAN MUSEUM IS CONSIDERED A "TEACHING MUSEUM," A TERM OFFICIALLY ADOPTED BY THE AMERICAN ASSOCIATION OF UNIVERSITY MUSEUMS AND GALLERIES, WHICH INDICATES AN INSTITUTION WITH THE PRIMARY PURPOSE OF USING ITS COLLECTIONS AS A TEACHING RESOURCE. MUSEUM STAFF IS COMMITTED TO WORKING WITH ALL FACULTY AND CLASSES ACROSS CAMPUS IN MULTIPLE DISCIPLINES AND HAS A SPECIAL "SMART CLASSROOM" WITHIN THE MUSEUM FOR THAT PURPOSE. THE MUSEUM STRIVES TO INTEGRATE ITSELF INTO THE CURRICULUM IN VARIOUS WAYS INCLUDING OFFERING EXHIBITION AND PROGRAM OPPORTUNITIES TO BOTH FACULTY AND STAFF; MAKING THE COLLECTION RESOURCES AVAILABLE TO ALL FOR RESEARCH AND PROJECT USE; AND DIRECTLY TEACHING IN THE MUSEUM FOR VARIOUS CLASSES SUCH AS ENGLISH, LITERATURE, AND HISTORY. PART V, LINE 4: THE PURPOSE OF THE NORWICH UNIVERSITY ENDOWMENT IS TO GENERATE A STREAM OF EARNINGS TO SUPPORT CURRENT OPERATIONS UNDER AN INVESTMENT STRATEGY DESIGNED TO MAINTAIN, OR GROW, CORPUS VALUE IN REAL OR INFLATION ADJUSTED TERMS. THE BOARD OF TRUSTEES HAS ADOPTED A SPENDING PLAN WHEREBY THE UNIVERSITY UTILIZES 5.% OF THE PRODUCT OF THE AVERAGE POOLED UNIT VALUE FOR THE 12 PRIOR QUARTERS ENDING DECEMBER 31 AND THE NUMBER OF POOLED UNITS ON HAND AT DECEMBER 31. THE UNIVERSITY GENERAL FUND RECEIVES THE GREATEST SHARE OF THE ANNUAL ENDOWMENT DISTRIBUTION AT APPROXIMATELY 45%, FOLLOWED BY SCHOLARSHIPS AT 42%. ENDOWMENT FUNDS ALSO SUPPORT ACADEMIC ENRICHMENT, FACULTY DEVELOPMENT, STUDENT LOANS, MARGIN OF EXCELLENCE PROGRAMS, AND NUMEROUS OTHER ACTIVITIES. PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE CODE. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S APPLICATION FORM CONTAINS A STATEMENT OF THE SCHOOL'S NON-DISCRIMINATORY POLICY AS DOES THE COLLEGE'S RECRUITING LITERATURE, UNIVERSITY CATALOGUE, WEBSITE AND SELECT NEWSPAPER ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES STUDENT LOAN AND GRANT FUNDS FROM THE FEDERAL GOVERNMENT WHICH ARE DISPERSED TO STUDENTS BASED UPON FINANCIAL NEED ACCORDING TO FEDERAL GUIDELINES. 1 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD 273871 EUROPE 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD 455839 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD 15804 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD 23200 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENTS STUDYING ABROAD 37544 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES VOLUNTEERING 45560 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES VOLUNTEERING 16330 CENTRAL AMERICA & THE CARIBBEAN 0 0 INVESTMENTS 43965705 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 982573 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 7309 EUROPE 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 27545 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS FOR INTERNATIONAL STUDY 75289 EUROPE 0 0 PROGRAM SERVICES SCHOLARSHIPS FOR INTERNATIONAL STUDY 59500 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIPS FOR INTERNATIONAL STUDY 7500 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES SCHOLARSHIPS FOR INTERNATIONAL STUDY 8540 EAST ASIA & THE PACIFIC 0 1 PROGRAM SERVICES INSTRUCTION 16045 EUROPE 1 6 PROGRAM SERVICES INSTRUCTION 249756 SOUTH AMERICA 0 0 PROGRAM SERVICES BUSINESS DEVELOPMENT 5500 0 0 1 7 1 7 44833853 1439557 46273410 SCHOLARSHIPS EAST ASIA & THE PACIFIC 15 75289 TUITION SCHOLARSHIP SCHOLARSHIPS EUROPE 52 59500 TUITION SCHOLARSHIP SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 7500 TUITION SCHOLARSHIP SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 1 8540 TUITION SCHOLARSHIP 1 0 1 1 1 1 PART I, LINE 2: NORWICH UNIVERSITY OFFERS FINANCIAL ASSISTANCE TO STUDENTS WHO ARE ACCEPTED TO PARTICIPATE IN APPROVED STUDY ABROAD PROGRAMS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE AT NORWICH UNIVERSITY AND MUST HAVE A DEMONSTRATED FINANCIAL NEED. THE OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS, WITH ASSISTANCE FROM THE FINANCIAL AID OFFICE, SELECTS AND MONITORS THE PARTICIPANTS. BRIAN BILL GOLF TOURNAMENT 120191 27685 92506 3610 8302 32225 1478 16084 DOYLE GOLF TOURNAMENT 30888 11505 19383 1910 3992 8355 2510 4 55216 11212 44004 5000 580 15727 10518 7640 206295 50402 155893 5000 6100 28021 51098 1478 26234 117931 37962 1 VILLAGE OF NORTHFIELD 51 SOUTH MAIN STREET NORTHFIELD VT 05663 036000607 170(B)(1)(A)(V) 73792 EMERGENCY SERVICES DONATION 1 TUITION SCHOLARSHIPS FOR NORWICH STUDENTS 2980 44790521 PART I, LINE 2: VIRTUALLY ALL UNIVERSITY FUNDED SCHOLARSHIPS ARE TIED TO THE STUDENTS' GRADE POINT AVERAGE (GPA) OR BASED UPON FINANCIAL NEED AS DETERMINED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ANNUALLY, THE GPA AND NEED ARE REVIEWED TO DETERMINE COMPLIANCE WITH THE UNIVERSITY STANDARD. IF A STUDENT'S GPA FALLS BELOW THE MINIMUM REQUIREMENT, THE SCHOLARSHIP IS EITHER REMOVED OR REDUCED BY HALF. STUDENTS CAN APPEAL TO HAVE THE SCHOLARSHIP RESTORED IF THEIR GPA RETURNS TO THE REQUIRED LEVEL. NEED BASED SCHOLARSHIPS ARE CARRIED FORWARD EACH YEAR ONCE THE STUDENT HAS COMPLETED THE FAFSA. THE UNIVERSITY PROVIDES ASSISTANCE TO CERTAIN LOCAL GOVERNMENTAL AND NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE CRITICAL INFRASTRUCTURAL SUPPORT TO THE UNIVERSITY. THE ASSISTANCE IS CONSIDERED A DONATION AND THE UNIVERSITY DOES NO FURTHER MONITORING OF THE USE OF THE FUNDS. X 1 1 X X X 0 1 0 0 0 0 0 0 0 RICHARD SCHNEIDER PRESIDENT 387495 0 0 0 29184 0 43875 0 45653 0 506207 0 0 0 DAVE WHALEY SECRETARY/VP DEVELOPMENT 166685 0 0 0 2004 0 11915 0 26407 0 207011 0 0 0 LAUREN WOBBY CFO/TREASURER 138293 0 0 0 506 0 10858 0 26048 0 175705 0 0 0 GUIYOU HUANG SVPAA/PROVOST 176225 0 0 0 1363 0 13575 0 21369 0 212532 0 0 0 FRANK VANECEK VP STUDENT SERVICES 176116 0 0 0 2012 0 13343 0 12691 0 204162 0 0 0 DAVID MAGIDA CHIEF ADMIN OFFICER 176370 0 0 0 1138 0 13265 0 930 0 191703 0 0 0 WILLIAM CLEMENTS VP GRAD/CONTINUING STUDIES 160739 0 0 0 1623 0 12807 0 20883 0 196052 0 0 0 PHILIP T SUSMANN VP STRATEGIC PTNRSHP 103700 108193 0 0 1132 215 8853 5825 21105 9270 134790 123503 0 0 ANDREA TALENTINO DEAN COLLEGE OF LIBERAL ARTS 138910 0 0 0 146 0 10418 0 704 0 150178 0 0 0 THOMAS DESCOTEAUX ENGINEERING PROFESSOR 127781 0 0 0 201 0 10054 0 17903 0 155939 0 0 0 MELVIN MILLER PSYCHOLOGY PROFESSOR 134236 0 0 0 1172 0 10337 0 17396 0 163141 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE IN A HOUSE PROVIDED BY THE UNIVERSITY AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE VALUE OF THE PRESIDENT RICHARD SCHNEIDER'S HOUSING IN THE AMOUNT OF $25,846 IS INCLUDED IN FORM 990, SCHEDULE J, PART II, COLUMN D AS PART OF HIS NONTAXABLE BENEFITS. PART I, LINE 4B PRESIDENT RICHARD SCHNEIDER ACCRUED A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN BENEFIT OF $49,562 DURING THE YEAR. THE DEFERRED COMPENSATION IS ACCRUED ANNUALLY AND PROVIDES THAT FOR EACH YEAR'S WORTH OF SERVICE THE INDIVIDUAL WILL RECEIVE A MONTH'S WORTH OF SALARY TO BE DISTRIBUTED ON A MONTHLY BASIS UPON SEPARATION FROM SERVICE. SCHEDULE J, PART II, LINE 8 MR. PHILIP SUSMANN IS NORWICH UNIVERSITY'S VICE PRESIDENT FOR STRATEGIC PARTNERSHIPS(4 HOURS PER WEEK) AND PRESIDENT OF NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTE(NUARI) (36 HOUR PER WEEK). MR. SUSMANN IS CONSIDERED A FULL-TIME EMPLOYEE OF NUARI AND IS CONTRACTED BACK TO NORWICH UNIVERSITY VIA A STAFFING SERVICES AGREEMENT. PRIOR TO AUGUST 2015, MR. SUSMANN WAS CONSIDERED A NORWICH UNIVERSITY EMPLOYEE AND CONTRACTED BACK TO NUARI. DURING CALENDAR YEAR 2015, NUARI REIMBURSED NORWICH UNIVERSITY $101,602 FOR SALARY AND $33,529 FOR TAXES AND FRINGE BENEFITS FOR MR. SUSMANN'S TIME AS THEIR PRESIDENT. DURING CALENDAR YEAR 2015, NORWICH UNIVERSITY REIMBURSED NUARI $5,979 FOR SALARY AND $1,973 FOR TAXES AND FRINGE BENEFITS FOR MR. SUSMANN'S TIME AS THEIR VICE PRESIDENT. MR. SUSMANN'S COMPENSATION, AS REPORTED ON SCHEDULE J, PART II, INCLUDES THE REIMBURSEMENT FROM NUARI AND RELATED ENTITY COMPENSATION INCLUDES REIMBURSEMENT FROM NORWICH UNIVERSITY. A VERMONT EDUCATIONAL & HEALTH BUILDINGS FINANCING AGENCY 237154467 924166CK5 2008-06-11 78200000 CONSTRUCTION FINANCING 0 0 0 B VERMONT EDUCATIONAL & HEALTH BUILDINGS FINANCING AGENCY 237154467 924166FP1 2013-12-23 24515000 CONSTRUCTION FINANCING 0 0 0 A 12800000 78200000 1356638 49986520 490012 149339 25017491 1200000 2009 1 0 1 1 B 540000 24515000 516563 457908 22960299 580230 2014 0 0 1 1 A 0 1 1 1 0 0.01700 0.01700 1 0 0 B 0 0 0 0 1 0 0 A 0 0 0 0 1 1 TD SECURITIES 30.000000000000 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 68248 SCHOLARSHIP STUDENT AID X 54 1923941 FAIR MARKET VALUE X 2 17875 COST X FOOD & ENTERTAINMENT 4 10327 COST X PRIZES 17 4997 FAIR MARKET VALUE X EDUCATIONAL EQUIPMENT 1 1717 FAIR MARKET VALUE 0 1 0 PART I, LINE 1, PART III, LINE 1 NORWICH UNIVERSITY'S MISSION IS TO GIVE OUR YOUTH AN EDUCATION THAT SHALL BE AMERICAN IN CHARACTER - TO ENABLE THEM TO ACT AS WELL AS TO THINK - TO EXECUTE AS WELL AS TO CONCEIVE - "TO TOLERATE ALL OPINIONS WHEN REASON IS LEFT FREE TO COMBAT THEM" - TO MAKE MORAL, PATRIOTIC, EFFICIENT, AND USEFUL CITIZENS, AND TO QUALIFY THEM FOR ALL THOSE HIGH RESPONSIBILITIES RESTING UPON A CITIZEN OF THIS FREE REPUBLIC. NORWICH'S MISSION STATEMENT IS UNIQUE IN HIGHER EDUCATION. WE KNOW EXACTLY WHO WE ARE, WHY WE ARE HERE, AND WHERE WE ARE GOING. WE ARE ABLE TO BE VERY SPECIFIC: THE DISTINCTIVE TERMS AND PHRASES FOUND IN THIS MISSION STATEMENT PROVIDE IMPORTANT CLUES IN UNDERSTANDING THE ESSENCE OF THIS ORGANIZATION, AND ULTIMATELY THE DIRECTIONS WE WILL SEEK AND THE OUTCOMES WE WILL REQUIRE OF OUR STUDENTS. THE MOST DISTINGUISHING TERMS ARE: AMERICAN IN CHARACTER, GLOBAL IN PERSPECTIVE, MUTUAL RESPECT, SERVICE, THINKING AND ACTING, CONCEIVING AND EXECUTING, MAKING MORAL AND PATRIOTIC CITIZENS, MAKING USEFUL CITIZENS, AND QUALIFYING GRADUATES FOR RESPONSIBILITIES OF A FREE REPUBLIC. THESE, AS WELL AS OTHER DISTINGUISHING OUTCOMES OF THE NORWICH EXPERIENCE ARE DISCUSSED BELOW: AMERICAN IN CHARACTER MEANS THAT WE TEACH STUDENTS TO UNDERSTAND AND HOLD DEAR THOSE VALUES AND PRINCIPLES UPON WHICH THIS FREE REPUBLIC WAS ESTABLISHED. THE AMERICAN EXPERIENCE WAS UNIQUE AND WORLD CHANGING IN ITS DEVELOPMENT. IT WAS BUILT UPON THE FUNDAMENTALS OF DEMOCRACY AND THE NOTION THAT PEOPLE HAVE INALIENABLE RIGHTS. WE WANT OUR STUDENTS TO KNOW THE PRINCIPLES AND THE EVENTS IN WHICH THESE PRINCIPLES MANIFESTED WHICH LEAD UP TO THE GREAT AMERICAN EXPERIMENT, THE HISTORY OF OUR SUCCESSFUL JOURNEY, AND THE REASONS WHY THE PRINCIPLES MANIFESTED IN THE BILL OF RIGHTS, THE CONSTITUTION, AND THE DECLARATION OF INDEPENDENCE ARE WORTH FIGHTING FOR. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRACURRICULAR, WE TEACH THIS VALUE AND ENSURE THAT OUR STUDENTS UNDERSTAND ITS MEANING. GLOBAL IN PERSPECTIVE MEANS THAT OUR STUDENTS SHOULD UNDERSTAND THAT THE USA IS NOT ALONE IN THIS WORLD. THE WORLD IS A COMPLEX PLACE, AND CIVILIZATION AND ITS CULTURES ARE CONSTANTLY EVOLVING. DEFINING THE ENTIRE WORLD WITH AMERICAN VALUES DISTORTS THE REALITY OF A MULTICULTURAL PLANET AND LIMITS ONE'S PERSPECTIVE ON THE HISTORY OF MAN'S JOURNEY TO THE PRESENT TIME. BECAUSE AMERICA IS A LEADER IN THE WORLD, AND BECAUSE OUR STUDENTS ARE DESTINED TO BE LEADERS IN AMERICA, WE MUST UNDERSTAND AND RESPECT ALL POINTS OF VIEW AS PART OF GAINING THE WISDOM TO LEAD. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRACURRICULAR, WE TEACH THIS VALUE AND ENSURE THAT OUR STUDENTS UNDERSTAND ITS MEANING. MUTUAL RESPECT, SOCIAL GRACES, AND POLITENESS. MUTUAL RESPECT IS A CORNERSTONE OF CIVILIZATION AND A FOUNDATION OF ACADEMIA. IT IS WHAT INITIATES A SALUTE; IT IS WHAT ALLOWS TWO PEOPLE TO APPRECIATE EACH OTHER FOR THE VALUE THAT THEY BRING TO THE RELATIONSHIP, NO MATTER HOW LASTING OR TEMPORARY THE RELATIONSHIP IS. IT IS COMMON HUMAN DECENCY, KINDNESS, AND A CORNERSTONE OF A CIVIL SOCIETY. MUTUAL RESPECT TURNS INTO LASTING FRIENDSHIP. ITS SUCCESSFUL BREEDING AT NORWICH UNIVERSITY IS A PRIMARY REASON WHY PEOPLE DEVELOP CLOSE RELATIONSHIPS WITH THOSE THEY OTHERWISE MIGHT NOT. IN ADDITION TO MUTUAL RESPECT, NORWICH STUDENTS AND GRADUATES ARE KNOWN FOR THEIR GRACE IN SOCIAL SITUATIONS AND THEIR POLITENESS. THE NORWICH ENVIRONMENT BREEDS THIS CHARACTERISTIC. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRACURRICULAR, WE TEACH THESE VALUES AND ENSURE THAT OUR STUDENTS PRACTICE THEM. SERVICE IS AN INTEGRAL PART OF THE NORWICH EXPERIENCE. LEADERS SERVE, AND WE TRAIN LEADERS. WE SEEK TO INCULCATE THIS VALUE IN OUR STUDENTS, IN PART BY ENSURING THAT THEY DIRECTLY EXPERIENCE IT. EXPERIENCING "SERVICE TO OTHERS BEFORE SELF" IS A VITAL PART OF EACH STUDENT'S MATURATION PROCESS. STUDENTS TAKE WITH THEM FROM NORWICH THE EXPECTATION THAT SERVICE WILL BE A LIFELONG COMMITMENT. THROUGHOUT THE ENTIRE STUDENT EXPERIENCE, BOTH ACADEMIC AND EXTRA-CURRICULAR, WE TEACH THIS VALUE AND ENSURE THAT OUR STUDENTS EXPERIENCE IT. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES AUDIT COMMITTEE REVIEWS AND COMMENTS ON THE FORM 990, INCLUDING SCHEDULE B BEFORE IT IS FILED. AN ELECTRONIC COPY OF FORM 990, NOT INCLUDING SCHEDULE B, IS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE THE RETURN IS FILED. A PAPER COPY OF THE SCHEDULE B, PHYSICALLY LOCATED ON THE UNIVERSITY CAMPUS, IS AVAILABLE FOR ANY BOARD MEMBER TO REVIEW ONCE THE AUDIT COMMITTEE COMPLETES THEIR INITIAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND AFFIDAVIT IS DISTRIBUTED ANNUALLY TO BOARD OF TRUSTEES. THE COMPLETED AFFIDAVITS ARE RETURNED AND REVIEWED BY BOTH THE UNIVERSITY ADMINISTRATION AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR CONFLICTS THAT COULD IMPAIR THE JUDGEMENT OF THE INDIVIDUALS. THE AUDIT COMMITTEE REPORTS THE RESULT OF THEIR REVIEW TO THE FULL BOARD DURING THE FALL MEETING. THE AUDIT COMMITTEE ASKS ANY TRUSTEE WITH A DISCLOSED CONFLICT OF INTEREST TO RECUSE THEMSELVES FROM BOARD CONVERSATIONS WHERE THE OUTCOME COULD AFFECT THE BUSINESS RELATIONSHIP WITH THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS AND SENIOR ADMINISTRATORS AT NORWICH UNIVERSITY IS SET BY THE PRESIDENT WITH THE ADVICE OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF TRUSTEES WITH THE ADVICE OF THE COMPENSATION COMMITTEE. THE PROCESS USED FOR THESE DECISIONS FOLLOWS THE GUIDELINES SUGGESTED BY THE IRS FOR COMPLIANCE WITH IRC SECTION 4958. THE PRIMARY FACTOR IN THESE DETERMINATIONS IS SALARY BENCHMARKING FOLLOWING THE METHODS USED FOR ALL STAFF AT THE UNIVERSITY. BENCHMARK COMPENSATION DATA IS OBTAINED FROM AN ANNUAL SALARY SURVEY OF HIGHER EDUCATION INSTITUTIONS CONDUCTED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). NORWICH UNIVERSITY COMPARES TO A SELECTED SALARY COHORT FROM THIS SURVEY. THE CURRENT COHORT INCLUDES ALL RESPONSES FROM INSTITUTIONS WITH OPERATING BUDGETS IN THE RANGE OF $60 MILLION TO $140 MILLION THAT OFFER BOTH UNDERGRADUATE AND GRADUATE DEGREES. ABOUT 205 INSTITUTIONS INCLUDED IN THE SURVEY MEET THESE CRITERIA. FOR ALL STAFF AT NORWICH, A FACTOR BASED ON TIME IN THE CURRENT JOB LEVEL IS APPLIED TO THE BENCHMARK RATE FROM THE SALARY SURVEY TO FIND AN EXPECTED MARKET RATE FOR EACH EMPLOYEE IN THE CURRENT POSITION. SALARY INCREASES ARE PROPOSED TO ASSURE THAT EMPLOYEES ARE NOT BELOW A SPECIFIED PERCENTAGE OF THE EXPECTED MARKET RATE. CURRENTLY, THE MINIMUM IS 85%. IN ADDITION TO THE SALARY BENCHMARK DATA, THE COMMITTEE CONSIDERS PERFORMANCE INFORMATION ON THE SENIOR ADMINISTRATORS PROVIDED BY THE PRESIDENT, AND THE RESULTS OF THE PERFORMANCE APPRAISAL OF THE PRESIDENT CONDUCTED BY THE BOARD. THE DIRECTOR OF HUMAN RESOURCES SERVES AS THE STAFF LIAISON TO THE COMPENSATION COMMITTEE. THE FORMAL CHARGE TO THE COMPENSATION COMMITTEE OF THE BOARD IS PRESENTED BELOW. COMPENSATION COMMITTEE THIS COMMITTEE WAS ESTABLISHED IN OCTOBER 2009 BASED ON THE WORK OF THE AD HOC COMPENSATION COMMITTEE, WHICH WAS ESTABLISHED ON JUNE 10, 2005. THE PRIMARY PURPOSE OF THIS COMMITTEE IS TO ENSURE THAT THE PRESIDENT AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE COMPENSATED IN A WAY THAT IS CONSISTENT WITH PERFORMANCE, LONGEVITY, MARKET EQUITY, AND IN ACCORDANCE WITH CURRENT IRS RULES AND REGULATIONS, INCLUDING THE INTERMEDIATE SANCTIONS UNDER IRC SECTION 4958. THE COMMITTEE WILL REVIEW AND PROVIDE ADVICE TO THE PRESIDENT ON COMPENSATION ISSUES FOR THE OFFICERS AND SENIOR ADMINISTRATORS AND OTHER HIGHLY COMPENSATED INDIVIDUALS, REVIEW COMPENSATION BENCHMARKS AND STUDIES DONE BY INDEPENDENT ORGANIZATIONS, AND USE APPROPRIATE COMPARABLE DATA PRIOR TO MAKING THESE RECOMMENDATIONS TO THE PRESIDENT. IN ADDITION THE COMMITTEE WILL MAKE A RECOMMENDATION TO THE FULL BOARD ON THE PRESIDENT'S COMPENSATION. DOCUMENTATION OF THE BOARD'S ACTIONS IS TO BE CONSIDERED CONFIDENTIAL AND IS TO REMAIN ON FILE WITH THE SECRETARY OF THE BOARD. COMMITTEES SHOULD USE APPROPRIATE IRS PROVIDED CHECKLISTS IN THEIR DECISION MAKING PROCESS AND DELIBERATIONS. THE DIRECTOR OF HUMAN RESOURCES WILL BE THE LIAISON. FORM 990, PART VI, SECTION C, LINE 19 NORWICH UNIVERSITY'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, TAX RETURNS, AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. THE NORWICH UNIVERSITY FORM 990 IS AVAILABLE FOR PUBLIC REVIEW AT WWW.GUIDESTAR.ORG. FORM 990, PART VII, SECTION A, LINE 42: FOR THE FISCAL YEAR ENDED MAY 31, 2016, MR. SUSMANN WAS COMPENSATED BY BOTH NORWICH UNIVERSITY AND NUARI WITH EACH ENTITY ISSUING A FORM W-2. HE AVERAGES 4 HOURS PER WEEK AS THE NORWICH UNIVERSITY VICE PRESIDENT FOR STRATEGIC PARTNERSHIPS AND 36 HOURS PER WEEK AS THE NUARI PRESIDENT. THE RETURN REFLECTS IN PART VII AS COMPENSATION PAID DIRECTLY BY NORWICH UNIVERSITY IN COLUMN (D). HOWEVER, A PORTION OF THIS TIME WAS REIMBURED BY NUARI SINCE IT REFLECT THE TIME HE WAS WORKING WITH THAT ORGANIZATION. FORM 990, PART XI, LINE 9: RELATED ENTITY NET INCOME 206,012. BOND ADMINISTRATION FEES -536,479. CHANGE IN PRESENT VALUE OF LIABILITIES 272,996. CHANGE IN SWAP VALUATION -1,721,904. NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES 57 OLD FREIGHT YARD NORTHFIELD VT 05663 061669185 APPLIED RESEARCH TO ENHANCE NATIONAL SECURITY VT 501(C)(3) 9 NORWICH UNIVERSITY 1 CHARITABLE REMAINDER ANNUITY TRUSTS (4) CHARITABLE REMAINDER ANNUITY TRUST TX N/A T 0 CHARITABLE REMAINDER UNITRUST CHARITABLE REMAIDER UNITRUST TX N/A T 0 CHARITABLE REMAINDER UNITRUST CHARITABLE REMAIDER UNITRUST NY N/A T 0 CHARITABLE TRUST CHARITABLE TRUST VT N/A T 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES P 64466 CASH NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES Q 88168 CASH CHARITABLE TRUST R 302334 CASH