SAINT MICHAELS COLLEGE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: SAINT MICHAELS COLLEGE (EIN 03-0179403)
Tax period: 2015-07-01 to 2016-06-30
Filed: 2017-05-15
IRS object ID: 201701359349304835
Schema version: 2015v3.0
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 G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-05-15T11:43:41-05:00	ReturnTs
Tax Period End	2016-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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	60 South Street	AddressLine1Txt
City	Boston	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02111	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	030179403	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Saint Michael's College	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% SHIRLEY GOODELL-LACKEY	InCareOfNm
Business Name Control	SAIN	BusinessNameControlTxt
Phone	8026542586	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	One Winooski Park Box 274	AddressLine1Txt
City	Colchester	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NEAL E ROBINSON	PersonNm
Person Title	VP for FINANCE	PersonTitleTxt
Phone	8026542586	PhoneNum
Signature	2017-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SHYAMALEE JOSEPH	PreparerPersonNm
PTIN	P01085371	PTIN
Phone	6179881000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	NEAL E ROBINSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	One Winooski Park Box 274	AddressLine1Txt
City	Colchester	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$136,867,022	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Group Exemption	0928	GroupExemptionNum
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.smcvt.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1913	FormationYr
Legal Domicile State	VT	LegalDomicileStateCd
Activity Or Mission	To contribute through higher education to the enhancement of the human person and the advancement of human culture in the light of the catholic faith.	ActivityOrMissionDesc
Voting Members Governing Body	31	VotingMembersGoverningBodyCnt
Voting Members Independent	28	VotingMembersIndependentCnt
Total Employee	2104	TotalEmployeeCnt
Total Volunteers	1729	TotalVolunteersCnt
Total Gross UBI	-$105,289	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$148,136	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$4,992,520	PYContributionsGrantsAmt
CY Contributions Grants	$5,125,109	CYContributionsGrantsAmt
PY Program Service Revenue	$109,966,137	PYProgramServiceRevenueAmt
CY Program Service Revenue	$108,808,369	CYProgramServiceRevenueAmt
PY Investment Income	$8,073,403	PYInvestmentIncomeAmt
CY Investment Income	$871,971	CYInvestmentIncomeAmt
PY Other Revenue	$1,468,550	PYOtherRevenueAmt
CY Other Revenue	$1,295,353	CYOtherRevenueAmt
PY Total Revenue	$124,500,610	PYTotalRevenueAmt
CY Total Revenue	$116,100,802	CYTotalRevenueAmt
PY Grants And Similar Paid	$39,067,869	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$39,503,145	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$43,802,495	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$43,941,738	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$1,721,320	CYTotalFundraisingExpenseAmt
PY Other Expenses	$35,194,225	PYOtherExpensesAmt
CY Other Expenses	$35,032,550	CYOtherExpensesAmt
PY Total Expenses	$118,064,589	PYTotalExpensesAmt
CY Total Expenses	$118,477,433	CYTotalExpensesAmt
PY Revenues Less Expenses	$6,436,021	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$2,376,631	CYRevenuesLessExpensesAmt
Total Assets BOY	$207,342,400	TotalAssetsBOYAmt
Total Assets EOY	$219,400,794	TotalAssetsEOYAmt
Total Liabilities BOY	$65,200,435	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$82,899,925	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$142,141,965	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$136,500,869	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$70,852,236	ExpenseAmt
Grant	$39,503,145	GrantAmt
Revenue	$84,331,428	RevenueAmt
Desc	Academic program and financial support services, See Schedule O	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$19,530,338	ExpenseAmt
Revenue	$24,476,941	RevenueAmt
Desc	Auxiliary Enterprises, See Schedule O	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$13,706,534	ExpenseAmt
Desc	Student Services, See Schedule O	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$2,467,505	TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses	$106,556,613	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	Yes (true)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (true)	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (true)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	4134	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2104	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	31	GoverningBodyVotingMembersCnt
Independent Voting Member	28	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	VT	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	SHIRLEY GOODELL-LACKEY	PersonNm
Phone	8026542586	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK BOX 274	AddressLine1Txt
City	Colchester	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Mary-Kate G McKenna
Chair of the Board	10.0	0.0	Yes (X)	$0	$0	$0
Very Rev Stephen Hornat SSE
Vice Chair of the Board	1.0		Yes (X)	$0	$0	$0
Dr Sultan Ahamed
Trustee	1.0		Yes (X)	$0	$0	$0
Sr Peg Albert OP PHD
Trustee	1.0		Yes (X)	$0	$0	$0
Sr Lorraine Aucion PM
Trustee	1.0		Yes (X)	$0	$0	$0
Dr Jose C Blanco
Trustee	1.0		Yes (X)	$0	$0	$0
Sr Lindora Cabral
Trustee	1.0		Yes (X)	$0	$0	$0
Philip C Ciulla Jr
Trustee	5.0		Yes (X)	$0	$0	$0
Rev Michael P Cronogue SSE
Trustee	15.0		Yes (X)	$21,888	$0	$0
Michael J Cunniff
Trustee	1.0		Yes (X)	$0	$0	$0
Rev Stan Deresienski SSE
Trustee	1.0		Yes (X)	$0	$0	$0
Rev Raymond J Doherty SSE
Trustee	25.0	1.0	Yes (X)	$6,289	$0	$0
Rev Patrick Forman
Trustee	1.0		Yes (X)	$0	$0	$0
Joseph P Garrity
Trustee	2.0		Yes (X)	$0	$0	$0
Bro Francis J Hagerty SSE
Trustee	4.0		Yes (X)	$0	$0	$0
Rev Thomas FX Hoar SSE
Trustee	5.0		Yes (X)	$0	$0	$0
Noriko Kameda
Trustee	2.0		Yes (X)	$0	$0	$0
Anthony J Maginnis
Trustee	2.0		Yes (X)	$0	$0	$0
Michael E McGrath
Trustee	2.0		Yes (X)	$0	$0	$0
Gerald W McKenna
Trustee	3.0		Yes (X)	$0	$0	$0
Mark R Nelson
Trustee	1.0		Yes (X)	$0	$0	$0
William B O'Keefe
Trustee	1.0		Yes (X)	$0	$0	$0
Carol S Piccaro
Trustee	1.0		Yes (X)	$0	$0	$0
Steven J Renehan
Trustee	2.0		Yes (X)	$0	$0	$0
Barry D Roy
Trustee	2.0		Yes (X)	$0	$0	$0
Michael L Seaver
Trustee	2.0		Yes (X)	$0	$0	$0
Rev David J Theroux SSE
Trustee	20.0		Yes (X)	$20,935	$0	$0
DR Robert F Tobin
Trustee	3.0		Yes (X)	$0	$0	$0
Maureen Usifer
Trustee	1.0		Yes (X)	$0	$0	$0
Peggy R Williams
Trustee	2.0		Yes (X)	$0	$0	$0
John J Neuhauser
President	40.0		Yes (X)	$368,069	$0	$134,514	Yes (X)
Patrick J Gallivan
Secretary of the Board/VPIA	40.0	1.0		$148,937	$0	$21,214	Yes (X)
Neal E Robinson
VP for Finance and Treasurer	40.0			$191,411	$0	$34,593	Yes (X)
Sarah M Kelly
VP Enrollment & Marketing	40.0			$175,065	$0	$39,266		Yes (X)
Dawn M Ellinwood
VP for Student Affairs	40.0	1.0		$176,384	$0	$40,155		Yes (X)
Karen A Talentino
VP for Academic Affairs	40.0			$189,408	$0	$34,004		Yes (X)
Michael J New
VP Human Resources	40.0			$158,644	$0	$13,993		Yes (X)
William O Anderson
Chief Information Officer	40.0			$180,085	$0	$37,255		Yes (X)
Geraldine S Knortz
Director of Athletics	40.0			$162,809	$0	$10,819			Yes (X)
Carolyn B Duffy
Professor Applied LinguistICS	40.0			$135,649	$0	$13,650			Yes (X)
Ke-Wen Wang
Professor of History	40.0			$130,615	$0	$8,732			Yes (X)
Ronald B Miller
Graduate Psychology Professor	40.0			$128,687	$0	$26,878			Yes (X)
Susan W Summerfield
Professor Fine Arts Music	40.0			$123,789	$0	$18,804			Yes (X)
MARILYN E CORMIER
Former SECRETARY OF THE BOARD	0.0			$118,462	$0	$7,354				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,437,126	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$441,231	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	27	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Competitive Computing Inc
354 Mountain View Drive Suite 400	COLCHESTER	VT	05446	IT Consultants	$724,320
Royall Company
1920 East Parham Road	RICHMOND	VA	05446	Recruiting	$525,476
Ellucian Inc
4375 Fair Lakes Court	FAIRFAX	VA	22033	IT Consultants	$475,872
KPMG LLP
356 Mountain View Drive	COLCHESTER	VT	05446	AUDIT & TAX SERVICES	$152,050
Maguire Associates
555 Virginia Road Suite 201	CONCORD	MA	01742	Financial Aid Consul	$125,000

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	42	CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIII	Yes (X)	InfoInScheduleOPartVIIIInd
Fundraising	$6,249	FundraisingAmt
Government Grants	$2,151,270	GovernmentGrantsAmt
All Other Contributions	$2,967,590	AllOtherContributionsAmt
Noncash Contributions	$335,904	NoncashContributionsAmt
Total Contributions	$5,125,109	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
TUITION AND FEES	611710	$84,331,428	$84,331,428
RESIDENCE AND DINING	721310	$20,236,444	$20,236,444
BOOK STORE	451211	$1,231,713		$1,231,713
PRINTING SERVICES	900099	$559,839	$559,839
SMC PLAYHOUSE	713940	$451,355	$451,355

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,997,590	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,307,670	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$24,103	UnrelatedBusinessRevenueAmt
Exclusion	$665,817	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$108,808,369	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,420,671	TotalRevenueColumnAmt
Unrelated Business Revenue	-$129,392	UnrelatedBusinessRevenueAmt
Exclusion	$1,550,063	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$257,653	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$257,653	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$257,653	TotalRevenueColumnAmt
Exclusion	$257,653	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$20,151,299	SecuritiesAmt
Other	$50,800	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$20,641,366	SecuritiesAmt
Other	$109,433	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$490,067	SecuritiesAmt
Other	-$58,633	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$548,700	TotalRevenueColumnAmt
Exclusion	-$548,700	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$15,421	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$6,249	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$15,421	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER OPERATING INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$1,037,700	TotalRevenueColumnAmt
Exclusion	$1,037,700	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,037,700	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$116,100,802	TotalRevenueColumnAmt
Related Or Exempt Func Income	$106,886,736	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$105,289	UnrelatedBusinessRevenueAmt
Exclusion	$4,194,246	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$86,350	TotalAmt
Program Services	$86,350	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$38,142,113	TotalAmt
Program Services	$38,142,113	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$1,274,682	TotalAmt
Program Services	$1,274,682	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,950,565	TotalAmt
Program Services	$735,201	ProgramServicesAmt
Management And General	$958,884	ManagementAndGeneralAmt
Fundraising	$256,480	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$30,790,584	TotalAmt
Program Services	$25,681,553	ProgramServicesAmt
Management And General	$4,348,912	ManagementAndGeneralAmt
Fundraising	$760,119	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,676,622	TotalAmt
Program Services	$1,462,441	ProgramServicesAmt
Management And General	$162,961	ManagementAndGeneralAmt
Fundraising	$51,220	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$7,166,487	TotalAmt
Program Services	$6,211,852	ProgramServicesAmt
Management And General	$782,859	ManagementAndGeneralAmt
Fundraising	$171,776	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$2,357,480	TotalAmt
Program Services	$1,911,107	ProgramServicesAmt
Management And General	$375,475	ManagementAndGeneralAmt
Fundraising	$70,898	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$100,792	TotalAmt
Management And General	$100,792	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$141,951	TotalAmt
Management And General	$141,951	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$806	TotalAmt
Management And General	$806	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,286,187	TotalAmt
Program Services	$6,215,270	ProgramServicesAmt
Management And General	$1,781,069	ManagementAndGeneralAmt
Fundraising	$289,848	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,903,870	TotalAmt
Program Services	$4,222,947	ProgramServicesAmt
Management And General	$680,923	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,380,655	TotalAmt
Program Services	$2,031,467	ProgramServicesAmt
Management And General	$228,209	ManagementAndGeneralAmt
Fundraising	$120,979	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,699,342	TotalAmt
Program Services	$1,689,789	ProgramServicesAmt
Management And General	$9,553	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$8,101,420	TotalAmt
Program Services	$7,474,314	ProgramServicesAmt
Management And General	$627,106	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
RESALE ITEMS	$6,397,731	$6,397,731
STUDY ABROAD EXPENDITURES	$2,256,694	$2,256,694
LIBRARY ACQUISITIONS	$763,102	$763,102

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$118,477,433	TotalAmt
Program Services	$106,556,613	ProgramServicesAmt
Management And General	$10,199,500	ManagementAndGeneralAmt
Fundraising	$1,721,320	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$7,504,502	BOYAmt
EOY	$6,045,950	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$647,795	BOYAmt
EOY	$565,539	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,423,309	BOYAmt
EOY	$552,316	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$5,894,332	BOYAmt
EOY	$5,868,254	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$377,818	BOYAmt
EOY	$371,460	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,747,360	BOYAmt
EOY	$2,295,157	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$222,092,018	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$116,869,023	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$94,296,937	BOYAmt
EOY	$105,222,995	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$37,014,188	BOYAmt
EOY	$21,097,259	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$57,598,735	BOYAmt
EOY	$77,116,083	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$837,424	BOYAmt
EOY	$265,781	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$207,342,400	BOYAmt
EOY	$219,400,794	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,777,308	BOYAmt
EOY	$8,526,312	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,942,002	BOYAmt
EOY	$2,657,646	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$44,964,669	BOYAmt
EOY	$61,175,216	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$248,000	BOYAmt
EOY	$217,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$11,268,456	BOYAmt
EOY	$10,323,751	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$65,200,435	BOYAmt
EOY	$82,899,925	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$89,754,195	BOYAmt
EOY	$87,244,395	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$21,263,271	BOYAmt
EOY	$17,592,072	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$31,124,499	BOYAmt
EOY	$31,664,402	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$142,141,965	BOYAmt
EOY	$136,500,869	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$207,342,400	BOYAmt
EOY	$219,400,794	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$2,376,631	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$3,264,465	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	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 (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	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	$6,853,068	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,263,844	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,184,942	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,992,520	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,125,109	CurrentTaxYearAmt
Total	$29,419,483	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,853,068	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,263,844	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,184,942	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,992,520	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,125,109	CurrentTaxYearAmt
Total	$29,419,483	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$0	SubstantialContributorsTotAmt
Public Support Total170	$29,419,483	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,053,348	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,242,383	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,342,812	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,247,539	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,807,716	CurrentTaxYearAmt
Total	$6,693,798	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$41,901	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$22,094	CurrentTaxYearMinus3YearsAmt
Total	$63,995	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$277,367	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,097,446	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,160,273	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,126,089	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,037,700	CurrentTaxYearAmt
Total	$4,698,875	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$40,876,151	TotalSupportAmt
Gross Receipts Rltd Activities	$520,769,105	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.71972	PublicSupportCY170Pct
Public Support PY170	0.72300	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)
Total Grassroots Lobbying		TotalGrassrootsLobbyingGrp
Total Direct Lobbying		TotalDirectLobbyingGrp
Total Lobbying Expend		TotalLobbyingExpendGrp
Other Exempt Purpose Expend		OtherExemptPurposeExpendGrp
Total Exempt Purpose Expend		TotalExemptPurposeExpendGrp
Lobbying Nontaxable Amount		LobbyingNontaxableAmountGrp
Grassroots Nontaxable		GrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non Tx		TotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non Tx		TotLbbyExpendMnsLbbyngNonTxGrp
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	Yes (true)	GrantsOtherOrganizationsInd
Grants Other Organizations	$806	GrantsOtherOrganizationsAmt
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$806	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind
Form4720 Filed4912 Tax	false	Form4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES	FormAndLineReferenceDesc
Explanation	PART II-B, LINE 1F THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORMS SERVING THE INTERESTS OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $15,796. APPROXIMATELY $806 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$88,508,483	BeginningYearBalanceAmt
Contributions	$564,890	ContributionsAmt
Investment Earnings Or Losses	-$2,284,722	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,331,552	GrantsOrScholarshipsAmt
Other Expenditures	$1,205,490	OtherExpendituresAmt
Administrative Expenses	$229,555	AdministrativeExpensesAmt
End Year Balance	$83,022,054	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$91,349,379	BeginningYearBalanceAmt
Contributions	$594,728	ContributionsAmt
Investment Earnings Or Losses	$59,811	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,133,921	GrantsOrScholarshipsAmt
Other Expenditures	$1,085,291	OtherExpendituresAmt
Administrative Expenses	$276,223	AdministrativeExpensesAmt
End Year Balance	$88,508,483	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$78,312,676	BeginningYearBalanceAmt
Contributions	$2,294,010	ContributionsAmt
Investment Earnings Or Losses	$14,148,166	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,110,538	GrantsOrScholarshipsAmt
Other Expenditures	$841,479	OtherExpendituresAmt
Administrative Expenses	$453,456	AdministrativeExpensesAmt
End Year Balance	$91,349,379	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$69,718,728	BeginningYearBalanceAmt
Contributions	$677,917	ContributionsAmt
Investment Earnings Or Losses	$11,028,823	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,706,545	GrantsOrScholarshipsAmt
Other Expenditures	$915,985	OtherExpendituresAmt
Administrative Expenses	$490,262	AdministrativeExpensesAmt
End Year Balance	$78,312,676	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$71,231,474	BeginningYearBalanceAmt
Contributions	$2,697,110	ContributionsAmt
Investment Earnings Or Losses	-$1,267,356	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,790,702	GrantsOrScholarshipsAmt
Other Expenditures	$755,660	OtherExpendituresAmt
Administrative Expenses	$396,138	AdministrativeExpensesAmt
End Year Balance	$69,718,728	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.43000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.38000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.19000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,335,261	OtherCostOrOtherBasisAmt
Book Value	$2,335,261	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$156,929,321	OtherCostOrOtherBasisAmt
Depreciation	$81,008,289	DepreciationAmt
Book Value	$75,921,032	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$40,624,829	OtherCostOrOtherBasisAmt
Depreciation	$32,838,269	DepreciationAmt
Book Value	$7,786,560	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$22,202,607	OtherCostOrOtherBasisAmt
Depreciation	$3,022,465	DepreciationAmt
Book Value	$19,180,142	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$105,222,995	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
CASH EQUIVALENTS	$6,740,230	F
WORLD EQUITY COMPOSITE-MF,HFOF	$6,715,917	F
DIRECTONAL HEDGE COMPO-HFOF	$9,985,727	F
RELATIVE VALUE STRAT-DHF	$18,158,962	F
PRIVATE EQUITY	$3,746,837	F
GLOBAL FIXED INCOME-SUB DBT,HF	$7,966,094	F
REAL ASSET COMP-DHF,REAL EST	$9,623,696	F
DEPOSIT WITH BOND TRUSTEES	$14,178,620	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$77,116,083	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
OTHER LIABILITIES	$4,044,339
AMTS HELD ON BEHALF OF OTHERS	$1,533,190
REFUNDABLE ADVANCES	$4,388,319
ANNUITY OBLIGATION	$95,782
CAPITAL LEASE OBLIGATIONS	$262,121

Field	Value	IRS element (for citing)
Total Liability	$10,323,751	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$73,459,963	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$3,264,465	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$3,264,465	RevenueNotReportedAmt
Revenue Subtotal	$76,724,428	RevenueSubtotalAmt
Other Revenues Not Included	$39,376,374	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$39,376,374	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$116,100,802	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$79,101,059	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$15,421	OtherExpensesIncludedAmt
Expenses Not Reported	$15,421	ExpensesNotReportedAmt
Expenses Subtotal	$79,085,638	ExpensesSubtotalAmt
Other Expenses Not Included	$39,391,795	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$39,391,795	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$118,477,433	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
ENDOWMENT FUNDS	PART V, LINE 4 THE PRIMARY USE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT OUR STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION THROUGH SCHOLARSHIP ASSISTANCE, RESEARCH AND STUDY ABROAD OPPORTUNITIES, SERVICE LEARNING, STUDENT SERVICES AND LECTURE SERIES. IN A FEW INSTANCES, ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO SUPPORT LIBRARY ACQUISITIONS, DEPARTMENT CHAIRS AND DEFERRED MAINTENANCE ON BUILDINGS PREVIOUSLY FUNDED BY DONORS.
UNCERTAIN TAX POSITIONS	PART X, LINE 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
OTHER REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS	PART XI, LINE 4B SPECIAL EVENT EXPENSES (15,421) STUDENT FINANCIAL AID 39,391,795 ------------ Total $ 39,376,374
OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN	PART XII, LINE 2D Special Events Expenses $ 15,421
OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS	PART XII, LINE 4B Student Financial Aid $ 39,391,795

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

NONDISCRIMINATION POLICY

PART I, LINE 3 THE COLLEGE INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BYLAWS, EMPLOYEE HANDBOOK, GRADUATE AND UNDERGRADUATE CATALOGS, STUDENT CODE OF CONDUCT AND COLLEGE POLICY HANDBOOK, FACULTY REGULATIONS, ON OUR APPLICATION SUPPLEMENT, UNDER FACTS ABOUT THE COLLEGE ON ITS WEBSITE, AND WITHIN THE NEASC SELF STUDY DOCUMENT FOR REACCREDITATION. THE COLLEGE ALSO VALUES DIVERSITY AND HAS A BOARD OF TRUSTEES APPROVED POLICY WHICH IS ALSO CONTAINED WITHIN MANY OF THESE DOCUMENTS.

GRANTS FROM GOVERNMENT AGENCIES

PART I, LINE 6A SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (27 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	EmployeeEmployeeCnt
Central America and the Caribbean	Program Services	STUDY ABROAD	$133,875
East Asia and the Pacific	Program Services	STUDY ABROAD	$344,600
Europe (Including Iceland and Greenland)	Program Services	STUDY ABROAD	$1,180,584
Middle East and North Africa	Program Services	STUDY ABROAD	$33,575
North America	Program Services	STUDY ABROAD	$35,743
South America	Program Services	STUDY ABROAD	$218,460
South Asia	Program Services	STUDY ABROAD	$101,550
Sub-Saharan Africa	Program Services	STUDY ABROAD	$119,225
East Asia and the Pacific		Agent	$112,934	15
Europe (Including Iceland and Greenland)		Agent	$6,474	2
North America		Agent	$4,649	1
Middle East and North Africa		Agent	$11,130	1
East Asia and the Pacific	Program Services	RECRUITING	$22,763
Europe (Including Iceland and Greenland)	Program Services	RECRUITING	$7,063
North America	Program Services	RECRUITING	$243
Middle East and North Africa	Program Services	RECRUITING	$1,247
South Asia	Program Services	SERVICE TRIP	$8,548
Central America and the Caribbean	Program Services	SERVICE TRIP	$3,757
Central America and the Caribbean	Program Services	STUDY TOUR TRIPS	$38,628
Europe (Including Iceland and Greenland)	Program Services	STUDY TOUR TRIPS	$69,239
South America	Program Services	STUDY TOUR TRIPS	$53,531
Europe (Including Iceland and Greenland)	Program Services	CONFERENCES	$8,881
North America	Program Services	CONFERENCES	$11,281
South America	Program Services	CONFERENCES	$894
North America	Program Services	RETREATS	$2,208
Central America and the Caribbean	Program Services	General Support	$7,000
South Asia	Program Services	General Support	$18,000

Field	Value	IRS element (for citing)
Subtotal Employees	19	SubtotalEmployeesCnt
Total Employee	19	TotalEmployeeCnt
Subtotal Spent	$2,342,663	SubtotalSpentAmt
Continuation Spent	$213,419	ContinuationSpentAmt
Total Spent	$2,556,082	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt
South Asia	GENERAL SUPPORT	$9,000
South Asia	GENERAL SUPPORT	$9,000
Central America and the Caribbean	GENERAL SUPPORT	$7,000

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (8 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
STUDENT SCHOLARSHIPS	Central America and the Caribbean	7	$77,300	Wire	N/A	N/A
STUDENT SCHOLARSHIPS	East Asia and the Pacific	18	$177,039	Wire	N/A	N/A
STUDENT SCHOLARSHIPS	Europe (Including Iceland and Greenland)	66	$713,271	Wire	N/A	N/A
STUDENT SCHOLARSHIPS	North America	2	$23,887	WIRE	N/A	N/A
STUDENT SCHOLARSHIPS	Middle East and North Africa	2	$26,563	Wire	N/A	N/A
STUDENT SCHOLARSHIPS	South America	11	$116,932	Wire	N/A	N/A
STUDENT SCHOLARSHIPS	South Asia	5	$51,000	Wire	N/A	N/A
STUDENT SCHOLARSHIPS	Sub-Saharan Africa	7	$63,690	Wire	N/A

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	Yes (true)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
ACTIVITIES OUTSIDE THE UNITED STATES	PART I, LINE 3 SHORT-TERM PROGRAM SAINT MICHAEL'S COLLEGE INTERNATIONAL SHORT-TERM PROGRAMS ARE AN IMPORTANT AND CREATIVE WAY FOR FACULTY AND STUDENTS TO EXPAND THE BOUNDARIES OF THE SAINT MICHAEL'S CAMPUS. SHORT-TERM STUDY PROGRAMS ARE ACADEMIC COURSES DEVELOPED BY FACULTY. TYPICALLY LASTING TWO WEEKS, THESE PROGRAMS INVOLVE STUDY ABROAD, MAY INCLUDE DIRECT INVOLVEMENT IN ISSUES COVERED IN AN ON-CAMPUS COURSE AND PROVIDE DIRECT EXPERIENCE ON A PARTICULAR TOPIC IN A PARTICULAR LOCALE. STUDY ABROAD SAINT MICHAEL'S COLLEGE WORKS WITH OVER 20 THIRD-PARTY AND EXCHANGE PARTNERS TO PROVIDE STUDENTS WITH OPPORTUNITIES TO STUDY IN OVER 70 INTERNATIONAL STUDY DESTINATIONS. THERE IS A DIVERSITY OF CREDIT-BEARING PROGRAMS INCLUDING SUMMER, SEMESTER, AND SHORT TERM FACULTY LED TRIP OPTIONS. IN OUR INCREASINGLY GLOBAL SOCIETY, MORE AND MORE STUDENTS RECOGNIZE THE VALUE OF SPENDING A SEMESTER OF YEAR ABOARD. AGENTS THE COLLEGE'S APPLIED LINGUISTICS DEPARTMENT OFFERS A VARIETY OF ENGLISH LANGUAGE PROGRAMS FOR STUDENTS TO EARN A CERTIFICATE OF COMPLETION AND/OR MASTER'S DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. UPON SUCCESSFUL COMPLETION OF THE ADVANCED ENGLISH PROGRAM LEVEL II, A STUDENT MAY MATRICULATE INTO AN UNDERGRADUATE DEGREE PROGRAM AT THE COLLEGE OR ELSEWHERE. THE COLLEGE USES INTERNATIONAL AGENTS TO ASSIST WITH RECRUITING AND ADMISSIONS FOR THESE PROGRAMS. RECRUITING THE COLLEGE HAS ONE FULL-TIME STAFF AND ONE PART-TIME STAFF MEMBER WHO TRAVEL TO RECRUIT INTERNATIONAL STUDENTS AND GROUPS FOR OUR ENGLISH LANGUAGE PROGRAMS AND UNDERGRADUATE ADMISSIONS. THESE EXPENSES ARE PRIMARILY RELATED TO TRAVEL IN CHINA, EUROPE, AFRICA, SOUTH KOREA, JAPAN, AND THE MIDDLE EAST. THE COLLEGE IS EXPANDING ITS RECRUITING EFFORTS TO MANY LATIN AMERICAN COUNTRIES AND INDIA. SERVICE TRIP REFER TO PART II SUPPLEMENTAL INFORMATION, THIS REPRESENTS THE IN COUNTRY EXPENSES PAID FOR FLIGHTS, MEALS SUPPLIES, AND LODGING.
GRANTS TO ENTITIES OUTSIDE THE UNITED STATES	PART II OUR MOBILIZATION OF VOLUNTEER EFFORTS DEPARTMENT, KNOWN AS MOVE, PROMOTES ONE PRINCIPLE OF THE CATHOLIC FAITH - CHARITY. MOVE PROVIDES OPPORTUNITIES FOR THE COLLEGE'S STUDENTS TO PERFORM COMMUNITY SERVICE WORK DURING THE ACADEMIC YEAR AND DURING SEMESTER AND SUMMER BREAKS AT BOTH DOMESTIC AND INTERNATIONAL SERVICES SITES. SEE SCHEDULE O UNDER PART III STUDENT SERVICES FOR MORE DETAILS. THESE PAYMENTS REPRESENT FUNDS RAISED BY STUDENTS TO HELP SUPPORT NON-PROFIT ORGANIZATIONS IN INDIA AND THE DOMINICAN REPUBLIC WHERE THEY VOLUNTEER. MOVE IS IN COMMUNICATION WITH THE RECIPIENT ORGANIZATION THROUGHOUT THE YEAR AND HAS GENERAL CONVERSATIONS ABOUT THE ORGANIZATION'S STATUS AND PROJECTS AND MAKES ARRANGEMENTS FOR THE FOLLOWING YEAR TRIP. MOVE WORKS WITH ORGANIZATIONS SO STUDENT VOLUNTEERS HAVE A CLEAR VISION ABOUT WHAT IS EXPECTED AND WHAT THEY SHOULD EXPECT WHEN THEY ARRIVE IN THE COUNTRY.
SCHOLARSHIPS	PART III SCHOLARSHIPS RELATE TO STUDENTS STUDYING ABROAD FOR A SEMESTER OR A YEAR. ALL SCHOLARSHIPS ARE APPLIED TO THE STUDENT'S ACCOUNT BALANCE. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO STUDENTS ACCEPTED INTO THE STUDY ABROAD PROGRAM.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	Golf Classic	Event1Nm
Gross Receipts Event1	$21,670	GrossReceiptsEvent1Amt
Charitable Contri Event1	$6,249	CharitableContriEvent1Amt
Gross Revenue Event1	$15,421	GrossRevenueEvent1Amt
Non Cash Prizes Event1	$3,915	NonCashPrizesEvent1Amt
Rent Facility Costs Event1	$7,820	RentFacilityCostsEvent1Amt
Food And Beverage Event1	$2,946	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$740	OtherDirectExpensesEvent1Amt
Other Events Total	0	OtherEventsTotalCnt
Gross Receipts Total	$21,670	GrossReceiptsTotalAmt
Charitable Contributions Tot	$6,249	CharitableContributionsTotAmt
Gross Revenue Total Events	$15,421	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$3,915	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$7,820	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$2,946	FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events	$740	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$15,421	DirectExpenseSummaryEventsAmt

Field	Value	IRS element (for citing)
States Where Gaming Conducted	VT	StatesWhereGamingConductedCd
Explanation If No	IN VERMONT, A NON-PROFIT ORGANIZATION THAT ORGANIZES A RAFFLE OR GAMES OF CHANCE FOR THE PURPOSE OF RAISING FUNDS TO BE USED FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES DOES NOT NEED A LICENSE.	ExplanationIfNoTxt

Persons With Books US Address PersonsWithBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	SAINT MICHAELS COLLEGE 1 WINOOSKI	AddressLine1Txt
City	COLCHESTER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
BURLINGTON CHILDRENS SPACE
241 N WINOOSKI AVENUE	BURLINGTON	VT	05401	222533646	501(c)(3)	$10,000	SEE PART IV.
SSE DBA SAINT ANNE'S SHRINE
PO BOX 280	ISLE LA MOTTE	VT	05463	030195115	501(C)(3)	$76,350	SEE PART IV.

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
STUDENT SCHOLARSHIPS	1833	$34,394,845
UNDERGRADUATE ENDOWMENT FUNDED SCHOLARSHIPS	247	$2,331,552
UNDERGRADUATE ATHLETIC GRANTS	19	$999,231
FED SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS	297	$402,797
GRADUATE STUDENT GRANTS	8	$13,688

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S.

PART II, COLUMN H (1)THE CONTRIBUTION TO BURLINGTON CHILDRENS SPACE WAS MADE TO PROVIDE SUPPORT OF THEIR MISSION TO EMBRACE, ENRICH, EMPOWER AND EDUCATE YOUNG CHILDREN AND FAMILIES IN THE COMMUNITY BY PRIORITIZING EFFECTIVE PARTNERSHIPS WITH VARIOUS COMMUNITY ENTITIES WHICH RESULT IN A SYNERGY THAT BOTH ENHANCES CHILDRENS EXPERIENCES AND OPPORTUNITIES, AS WELL AS IMPROVES THE COMMUNITY. THIS ORGANIZATION WAS CHOSEN TO RECEIVE THIS DONATION BY THE COLLEGES STUDENT ASSOCIATION WHICH INVITES LOCAL NON-PROFIT ORGANIZATIONS TO APPLY FOR A $10,000 DONATION THROUGH AN APPLICATION PROCESS. THREE ORGANIZATIONS ARE THEN CHOSEN TO EACH MAKE A PRESENTATION TO THE STUDENT BODY DESCRIBING THEIR ORGANIZATION AND ITS MISSION. THE COLLEGES STUDENTS THEN VOTE FOR THE ORGANIZATION THAT SHOULD RECEIVE THE DONATION. (2)THE CONTRIBUTION TO SAINT ANNE'S SHRINE WAS MADE TO PROVIDE SUPPORT OF THEIR MISSION TO SERVE AS A WELCOMING PLACE OF PEACE AND HOPE MINISTERING TO ALL GOD'S PEOPLE THROUGH PRAYER, DEVOTION, HOSPITALITY AND SPIRITUAL RENEWAL. THE SHRINE WAS DEVELOPED AND MAINTAINED FOR THE PAST 100 YEARS BY THE SOCIETY OF SAINT EDMUND, WHO IS ALSO THE FOUNDER OF SAINT MICHAEL'S COLLEGE. THE COLLEGE SHARES A SIMILAR MISSION TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH. THE COLLEGE BENEFITS FROM USE OF THE FACILITIES AT THE SHRINE FOR CURRICULUM ENHANCEMENT, STUDENT AND STAFF RETREATS AND WORSHIP.

GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S.

FORM 990, SCHEDULE I, PART III THE COLLEGE RECOGNIZES THE HIGH COST OF A PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDES GRANTS AND SCHOLARSHIPS, LOANS AND STUDENT EMPLOYMENT. IN 2015-2016, THE COLLEGE ADMINISTERED OVER $57 MILLION IN ASSISTANCE, OF WHICH APPROXIMATELY $39 MILLION WAS PRIMARILY COLLEGE FUNDED AID SCHOLARSHIPS OR GRANTS. THE FIVE YEAR-AVERAGE (2011-2015) OF UNDERGRADUATE STUDENTS RECEIVING COLLEGE FUND AID WAS 96.03%. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AVERAGE NEED BASED SCHOLARSHIP OR GRANT FOR THE FALL 2015 INCOMING CLASS WAS APPROXIMATELY $22,338. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (true)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
John J Neuhauser
President	$359,597	$8,472	$86,550	$47,964	$502,583
Patrick J Gallivan
Secretary of the Board/VPIA	$143,687	$5,250	$10,144	$11,070	$170,151
Neal E Robinson
VP for Finance and Treasurer	$191,411		$13,607	$20,986	$226,004
Sarah M Kelly
VP Enrollment & Marketing	$175,065		$12,649	$26,617	$214,331
Dawn M Ellinwood
VP for Student Affairs	$176,384		$12,590	$27,565	$216,539
Karen A Talentino
VP for Academic Affairs	$189,408		$13,304	$20,700	$223,412
Michael J New
VP Human Resources	$158,644		$11,011	$2,982	$172,637
William O Anderson
Chief Information Officer	$180,085		$9,983	$27,272	$217,340
Geraldine S Knortz
Director of Athletics	$73,161	$89,648	$5,168	$5,651	$173,628
Ronald B Miller
Graduate Psychology Professor	$128,687		$7,269	$19,609	$155,565
MARILYN E CORMIER
Former SECRETARY OF THE BOARD	$39,791	$78,671	$2,856	$4,498	$125,816

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
COMPENSATION INFORMATION	FORM 990, SCH J, PART II FOR ELIGIBLE EMPLOYEES, COLUMN (D) NONTAXABLE BENEFITS PRIMARILY CONSISTS OF HEALTH CARE AND DENTAL BENEFITS. DETAILS FOR AMOUNTS REPORTED IN COLUMN B (III) AND COLUMN (D) ARE LISTED BELOW: DR. JOHN J. NEUHAUSER - COLUMN B (III) PERSONAL USE OF A COLLEGE VEHICLE. COLUMN (C) DEFERRED COMPENSATION INCLUDES CONTRIBUTIONS TO THE COLLEGES IRC 457 (B) PLAN AND A RETENTION BONUS. COLUMN (D) INCLUDES A HOUSING ALLOWANCE OF $34,278. A ONE YEAR PAID SABBATICAL ($382,347) AND RETENTION BONUS ($100,000) WAS GRANTED THROUGH APPOINTMENT LETTERS DATED JANUARY 2007 AND APRIL 2011. PATRICK J. GALLIVAN - COLUMN B (III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. VEHICLE.
VOLUNTARY RETIREMENT INCENTIVE PLAN	Form 990, SCH J, Part I, Line 4A THE COLLEGE ADOPTED A NEW VOLUNTARY SEPARATION PROGRAM FOR FACULTY AND STAFF IN DECEMBER 2013. TO BE ELIGIBLE FOR THE PLAN, THE SUM OF AN EMPLOYEE'S YEARS OF SERVICE PLUS AGE MUST EQUAL A MINIMUM OF 80. THE PROGRAM BENEFITS INCLUDE A ONE-TIME LUMP-SUM PAYMENT EQUAL TO 90% OF BASE PAY FOR EMPLOYEES ELECTING A JUNE 30, 2014 SEPARATION DATE; EMPLOYEES ELECTING TO RETIRE ON JUNE 30, 2015 OR 2016 RECEIVE 70% OF BASE PAY. ALL PARTICIPANTS IN THE COLLEGE HEALTH CARE PLAN RECEIVED A ONE-TIME LUMP-SUM PAYMENT IN LIEU OF PARTICIPATION, AND ALL PARTICIPANTS REMAINED ELIGIBLE FOR COBRA COVERAGE THROUGH THE COLLEGE. Geraldine S. Knortz and Marilyn Cormier received payments under this program which is reported on Schedule J, Part II, Column (B)(iii).
Form 990, Sch J, Part I, Line 7	THE BOARD OF TRUSTEES REVIEWS AND APPROVES SALARY FOR THE PRESIDENT. AS PART OF THE OVERALL COMPENSATION PACKAGE, THE PRESIDENT RECEIVES A RETENTION BONUS FOR EACH YEAR OF EMPLOYMENT AFTER THE END OF THE INITIAL APPOINTMENT PERIOD.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
VT Educ & Health Bldg Fin Agy Series 2012
A	237154467	924166FM8	2012-05-24	$50,990,332	CONSTRUCTION, EQUIPMENT, REFUNDING	false	false	false
VT Educ & Health Bldg Fin Agy Series 2015
B	237154467	924166HA2	2015-11-10	$19,878,706	CONSTRUCTION, EQUIPMENT	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$7,615,000	$0	$50,990,332	$0	$0	$0	$563,023	$0	$0	$27,500,000	$22,927,309	$0	2013	Yes (true)	Yes (true)	Yes (true)	Yes (true)
B	$0	$0	$19,878,706	$0	$0	$0	$378,706	$0	$0	$8,240,987	$0	$11,259,013		false	false	false	Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Any Research AgreementsAnyResearchAgreementsInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Remedial Action TakenRemedialActionTakenInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	false	false	Yes (true)	Yes (true)	false	0	false	false	Yes (true)
B	false	false	false		false	0	false	false	Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 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	Business Name Line1GICProviderName/BusinessNameLine1Txt	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
A	false	false	Yes (true)	false	false	false	false	0	false	Yes (true)
0
B	false	Yes (true)	false	false	false	false	false	0	false	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FINAL ALLOCATIONS OF PROCEEDS AND INVESTMENT BEYOND A TEMPORARY PERIOD	PART II, LINES 16-17 AND PART IV, LINE 5 THE 2012 Bonds were used to CONSTRUCT A RESIDENCE HALL AND STUDENT UNION WHICH WAS COMPLETED IN DECEMBER 2013. THE 2015 BONDS ARE BEING USED TO CONSTRUCT AND FURNISH A NEW RESIDENCE HALL. THE COLLEGE MAINTAINS BOOKS AND RECORDS TO SUPPORT ALLOCATION AND TO REQUEST REIMBURSEMENT OF EXPENSES FOR THESE PROJECTS FROM THE BOND TRUSTEE. THE BOND TRUSTEE REVIEWS ALL REQUESTS TO ENSURE THE EXPENSE IS APPROPRIATE WITHIN THE PURPOSE AS DEFINED IN THE BOND DOCUMENTS. THE COLLEGE'S BONDS HAVE NOT BEEN INVESTED BEYOND THE AVAILABLE TEMPORARY PERIOD. THE 2012 BOND CLOSED IN MAY 2012 AND ALL CONSTRUCTION FUNDS WERE EXPENSED BY NOVEMBER 2013.
ADOPTION OF MANAGEMENT PRACTICES	PART III, LINE 9 AND PART IV, LINE 7 THE COLLEGE HAS WORKED WITH CONSULTANTS AND BOND COUNSEL TO MAKE CERTAIN COLLEGE PERSONNEL IS FAMILIAR WITH THE RULES AND REGULATIONS FOR POST-ISSUANCE COMPLIANCE OF ITS TAX-EXEMPT BOND LIABILITIES. ALL USE OF THE BOND FINANCED BUILDINGS ARE TRACKED BY THE COLLEGE'S CONFERENCE AND SPECIAL EVENTS DEPARTMENT. THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICY HAS BEEN CREATED, REVIEWED AND IMPLEMENTED BY MANAGEMENT AND APPROVED BY THE BOARD OF TRUSTEES.
PROCEDURES TO UNDERTAKE CORRECTIVE ACTION	PART V THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICIES AND PROCEDURES IDENTIFY AND ADDRESS ANY VIOLATIONS OF FEDERAL TAX REQUIREMENT PURSUANT TO A VOLUNTARY CLOSING AGREEMENT PROGRAM WHERE SELF-REMEDIATION MAY BE UNAVAILABLE.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Field	Value	IRS element (for citing)
Person	SUBSTANTIAL CONTRIBUTOR	PersonNm

Field	Value	IRS element (for citing)
Relationship Description	SUBSTANTIAL CONTRIBUTOR	RelationshipDescriptionTxt
Transaction	$6,149,503	TransactionAmt
Transaction	FOOD SERVICE CONTACT	TransactionDesc
Sharing Of Revenues	false	SharingOfRevenuesInd

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArtGrp
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$37,291	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISED	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoodsGrp
Cars And Other Vehicles		CarsAndOtherVehiclesGrp
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	22	ContributionCnt
Noncash Contributions Rpt F990	$206,113	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp

Real Estate Other RealEstateOtherGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$85,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISED	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	PIANO	Desc
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$7,500	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISED	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	3	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
NON-CASH CONTRIBUTIONS	LINE 9 THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RELATED TO EACH TYPE OF PROPERTY THAT WAS RECEIVED DURING FY16.
USE OF A THIRD PARTY TO SELL NON-CASH CONTRIBUTIONS	PART 1, LINE 32B THE COLLEGE USES A CUSTODIAN TO HOLD AND PROCESS ALL INVESTMENT TRANSACTIONS INCLUDING ASSET SAFEKEEPING AND COLLECTION OF DIVIDENDS AND INTEREST. ALL SECURITY CONTRIBUTIONS ARE DELIVERED TO THE CUSTODIAN WITH THE INSTRUCTION FOR IMMEDIATE SALE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
ORGANIZATION'S MISSION STATEMENT	FORM 990, PART I, LINE 1 AND PART III, LINE 1 Saint Michael's College is a catholic liberal arts residential college committed to the pursuit of academic excellence, with an undergraduate enrollment of approximately 2,050 students and 700 graduate and international students. We create and sustain an optimal living and learning environment that promotes a vibrant intellectual life and challenges students to engage in activities to extend their minds and experience within and beyond our Vermont location.
ACADEMIC SUPPORT AND FINANCIAL SUPPORT	FORM 990, PART III, LINES 4A The academic program is at the heart of the Colleges Mission and the reason for Saint Michael's College existence. The College provides education with a social conscience, producing graduates with intellectual tools to lead successful, purposeful lives that will contribute to peace and justice in our world. Saint Michael's College students personalize their education through research, internships, and small classes, preparing them for a lifetime, not just for their first job out of college. The academic program is rigorous and calibrated to the appropriate developmental levels of students (first-year students through graduate level). The undergraduate academic program offers degrees in 23 different majors for the Bachelor of Arts Degree and 12 majors for the Bachelor of Science Degree. Students may also, choose from 36 minor programs. The academic program for graduate students includes 3 programs leading to Masters degrees in Clinical Psychology, Education and Teaching English to Speakers of Other Languages. Saint Michael's College awarded 478 Bachelors degrees and 64 Masters degrees during 2015-2016 academic year with, 2020 students enrolled in Baccalaureate degree programs and 254 in Masters degree programs. The class of 2016 had 417 graduates in May, of which 251 or 60% also earned Minors. Of the 82% of the class of 2016 who graduated with Bachelors degrees and responded to our annual survey, 97% are employed, in graduate school, or volunteering full time within six months of graduation. The 4 year average (2007 2010) student-right-to-know completion or graduation rate is 77.2%; this compared favorably to the 63% reported by Act National Graduation rates in 2016 for private 4-year institutions offering only bachelors degrees in the selective category. The Colleges goal is to have 30% of each graduating class study abroad. Working with over 20 study abroad partner organizations, students have more than 70 countries from which to choose a variety of study abroad options. The College has far exceeded its 30% goal for the past 5 academic years. The College has made strides in educating students beyond the classroom in preparation for their careers after graduation. In 2015-2016, 251 students engaged in supervised academic internships, compared to 292 in the previous year, representing 13.4% of the student body for 2015-2016 compared with 14% for 2014-2015. In the last three summers, 2016, 2015 and 2014, 47 students, 61 students and 39 students were engaged in independent research with professors. The College has a robust honors program which began in the late 1980s, and recognizes high achievement among our students. In 2016, 56 students (12% of the senior class) graduated in the honors program. In the fall of 2016, 508 students from all four classes, about 27% of the student body, were members of the honors program. In addition, Saint Michaels College shelters a chapter of Phi Beta Kappa, Delta Epsilon Sigma and eleven discipline-based honors societies with 231 members of the class of 2016. Saint Michael's College is part of the nations oldest and largest liberal arts academic honor society, Phi Beta Kappa. Only about ten percent of institutions of higher education have chapters. With 286 chapters nationwide, Saint Michael's College is one of only 25 Catholic Colleges in the U.S. and one of four in New England with such a chapter. The College is identified in the 2016 Edition of the Princeton Reviews Best 380 Colleges as one of the nations best institutions for undergraduate education. Saint Michael's College is ranked 99th in national liberal arts colleges by the U.S. News and World Report. Saint Michaels College has been named to Kiplingers Personal Finance list of the Top 300 Best College Values of 2016 and made the magazines list of 100 best values in private universities. Forbes magazines Americas Top Colleges Edition has ranked Saint Michaels College 149th in the best private colleges category and 88th in liberal arts universities. Again this year, Saint Michaels College was included in the 2016 edition of The Princeton Reviews Guide to Green Colleges, recognized for their commitment to sustainability. The Vermont Standards Board for Professional Educators (VSBPE) is responsible for evaluating and approving educator preparation programs at the undergraduate and graduate level and alternate routes to licensure. They approve licensure programs that have successfully demonstrated the capacity to provide prospective educators with the knowledge, skills, experiences, and dispositions needed to foster all students growth. Program approval is valid for seven years. In 2011, Saint Michaels College received full approval for all licensure programs. In 2014 the board reviewed and voted to accept Saint Michaels two year report and granted full approval for all licensure programs. The next ROPA (Results Oriented Program Approval) review date is scheduled for 2018. The academic program is supported by many professional and administrative staff including information technology (IT), academic enrichment programs, library and information services (LIS), registrars office, the Vice President of Academic Affairs and the Dean. The IT department is committed to creating a robust technology environment for the Colleges students, faculty and staff. They support administrative applications, instructional technology services, all of which support the mission and goals of the College by providing its constituents with a reliable, secure, and fast campus network; support for the appropriate integration of technology into teaching and research; and technology support for administrative operations. Saint Michael's College is committed to students academic success therefore, in addition to academic enrichment programs designed to enhance the learning experience, a variety of services are offered to ensure that our students get the most out of their education including independent studies, Peace and Justice Center, Womens Center, service learning, student/faculty research and internships to name a few. These services and activities are designed to assist our students in enhancing their learning opportunities in order to achieve their fullest intellectual development. Academic enrichment also supports faculty in offering extra-curricular activities that enhance their classroom teaching and in designing innovative components to their courses that foster experiential learning. LIS provides students, faculty, and staff with the information resources and services they need for study, teaching and research. The library strives to determine community needs and respond to them by shaping its resources and services to provide the best possible support for the academic program. In order to support our students attending Saint Michael's College, a variety of grants and assistance are awarded. Refer to schedule I, Part IV for additional information.
AUXILIARY ENTERPRISES	FORM 990, PART III, LINE 4B As a 100% residential college, we make living on campus just as important a learning experience as the curriculum in the classrooms. Therefore, in addition to expenses associated with on-campus dining services, auxiliary services expenses include residence hall bond interest, depreciation expense and costs related to the bookstore, printing and mailing services, special events, summer playhouse and other auxiliary programs that support our students living and learning experience. As part of the residential experience, there are unique housing options available on campus based on common interests that students share such as GREAT (Growing Recognition of the Effects of Alcohol on Thinking) with 150 students, honors housing (51 units) and the GEAR (Global Experience Academic Residential) Program housing (124 students) which provides an opportunity for U.S. students to live with international students. Dining on campus provides the social experience essential to a well-rounded campus life.
STUDENT SERVICES	FORM 990, PART III, LINE 4C Students are at the center of the Colleges Mission. While the academic elements are foremost, supporting the students personal development is vital as well. The offices of admissions, student life, Edmundite Campus Ministry, Wilderness Program, athletics and many student clubs work to enhance students personal growth as well as their academic success. To supplement the academic culture on campus and enrich overall quality of the college experience, a variety of weekend programs is offered to students, along with many outdoor programs such as the ski pass, cultural and artistic events through the Flynn center-Saint Michaels College cultural pass, a variety of ministry programs, and community service opportunities through Move (Mobilization of Volunteer Efforts). Approximately 80% of students are involved in some form of intercollegiate, intramural, club, recreation, personal fitness, or wilderness program offering. Approximately 22% of Saint Michael's College students participate in one of the 21 varsity sports. Our student athletes have achieved a 98% academic success rate (ASR); a statistic defined by the NCAA as a measurement of graduation within a 6 year cohort time period as of June 2016. Saint Michaels College has again been recognized as a recipient of the Division II Presidents Award for Academic Excellence as a member of the Northeast-10 Conference. SMC achieved the highest Academic Success Rate (ASR) in the conference, and ranked #2 in the nation. The office of student activities strives to provide students opportunities to develop as ethical leaders and engaged citizens, and offers a wide variety of programs and activities designed to meet their needs. The College has embraced the You Count program (Community, Ownership, Unity in Diversity, Notice Each Other and Take Care of Self and others) which fosters an inclusive and seamless learning environment that enhances engagement, awareness and personal development. Educational programs offered in the residence halls help to bring people together who might not have otherwise met, help people to better know each other, and expose individuals to new ideas and beliefs. Floor visitors dialogue programs provide an environment conducive for faculty, staff and student dialogue about academic and community pursuits. These are a sample of the programming offered to students in the residence halls. The office of student activities assists the student government on campus as well as student clubs. Approximately 95% of the student population participates in student activities programs. The College embraces and supports students commitment to community services reflected by the fact that about 65% of our students participate in a service activity through our MOVE program part of Edmundite Campus Ministry. The fundamental objective of Edmundite Campus Ministry is to help students, faculty and staff reflect on and celebrate the spiritual and religious dimensions of their lives while at Saint Michael's College. Programs such as retreats, liturgies, spiritual direction, and prayerful reflection meals are designed to encourage everyone to step back and experience life at its deepest, most meaningful level. About 12-13% of our student population is involved in weekly or daily worship as well as attendance in these programs. Other Program Services FORM 990, PART III, LINE 4D Other program service expenses include public service and research.
FORM 990 REVIEW PROCESS	FORM 990, PART VI, SECTION B, LINE 11 Form 990 schedules are prepared by College personnel with guidance and review from external tax preparers who sign and file the form. Prior to filing with the Internal Revenue Service each member of the Board of Trustees was provided Form 990 and all schedules, except Schedule B, contribution detail, in order to respect our donors confidentiality.
CONFLICT OF INTEREST POLICY	FORM 990, PART VI, SECTION B, LINE 12C The Secretary of the College distributes the conflict of interest policy, questionnaire and certification annually to trustees, officers and key employees. The Secretary reviews the responses and potential conflicts are brought to the Trusteeship and Mission Committee for review and resolution. A list of interlocking boards is maintained to assist in determining if potential conflicts arise during the year. The Trusteeship and Mission Committee submits names for board recruitment and vets any conflict issues. This Committee provides information to the Executive Committee for consideration and nomination.
DOCUMENT RETENTION AND DESTRUCTION POLICY	FORM 990, PART VI, SECTION B, LINE 14 The College has a high-level document retention and destruction policy and follows specific guidelines provided by the Internal Revenue Service and relevant regulations with respect to records retention and destruction including the provisions of Vermont Law (9 VSA Part 3 Chapter 62 Subchapter 4 Document Safe Destruction Act) with respect to disposal of documents containing confidential information. Another resource utilized by the College is "Record Retention and Disposal: A Manual for College Decision Makers", which provides the College with a guide to the applicable laws, regulations and other considerations for all areas of our business, including employment and admissions applications, payroll, student records, financial, tax and contributions records as well as federal reporting specific to the higher education idnustry.
COMPENSATION POLICY	FORM 990, PART VI, SECTION B, LINE 15 The Executive Committee of the Board of Trustees, excluding the College President, is responsible for establishing and maintaining a competitive compensation program for the executive officers of the College. The Executive Committee meets as needed to review the compensation program and make recommendations for any changes. The Executive Committee has the responsibility for decisions regarding compensation in all its current and potential forms for the executive officers of the College. The Vice President of Human Resources provides independent compensation data, e.g. NACUBO, CUPA, etc. and analysis to the Executive Committee. The Executive Committee meets annually, usually while the Trustees are here for the March or June Board meeting, to review survey data regarding compensation for the President and other officers of the College. The last meeting was on October 20, 2016. THE COLLEGE COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS, (2) THE COMMITTEE AUTHORIZING EXECUTIVE COMPENSATION OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING DETERMINATIONS, AND (3) THE COMMITTEE ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATIONS CONCURRENTLY WITH MAKING THE DETERMINATIONS.
PUBLIC DISCLOSURE POLICY	FORM 990, PART VI, SECTION C, LINE 19 The College is a private organization and therefore by law, is not required to make its governing documents, conflict of interest policy or financial statements available to the public. In the interest of transparency, the College complies with requests for this information from federal and state regulatory agencies, our accreditation agency, other entities or individuals in the ordinary course of business. The College posts the most recent three years of Form 990 and 990-T on our website.
FORM 990, PART XI, LINE 11	Gross receipts from the golf classic 21,671

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	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd	Direct Controlling NADirectControllingNACd
SAINT MICHAEL'S COLLEGE FIRE & RESCUE
ONE WINOOSKI PARK	COLCHESTER	VT	05439	201120657	FIRE & RESCUE	VT	501(C)(3)	7	NA	Yes (true)
MERRILL CEMETERY ASSOCIATION INC
ONE WINOOSKI PARK	COLCHESTER	VT	05439	010868920	CEMETERY	VT	501(C)(13)		NA	Yes (true)
GREEN MTN HIGHER EDUCATION CONSORTIUM
84 SOUTH SERVICE ROAD	MIDDLEBURY	VT	05753	901113280	CONSORTIUM	VT	501(c)(3)	509(a)(3) I		Yes (true)	N/A

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	Yes (true)	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
SAINT MICHAEL'S COLLEGE FIRE AND RESCUE
N	$76,751	FMV
SAINT MICHAEL'S COLLEGE FIRE AND RESCUE
Q	$230,808	COST