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WASHINGTON COLLEGE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WASHINGTON COLLEGE (EIN 52-0591691)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-10
IRS object ID
201711309349300131
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 ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-10T08:05:14-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1666 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN520591691EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WASHINGTON COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% PENELOPE FARLEY CONTROLLERInCareOfNm
Business Name ControlWASHBusinessNameControlTxt
Phone4107787224PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 Washington AvenueAddressLine1Txt
CityChestertownCityNm
State AbbreviationMDStateAbbreviationCd
ZIP216201197ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK HAMPTONPersonNm
Person TitleVP For Fin. & Admin.PersonTitleTxt
Phone4107787224PhoneNum
Signature2017-05-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDaniel RomanoPreparerPersonNm
PTINP00504182PTIN
Phone2125990100PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSheila C Bair PresidentPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 Washington AvenueAddressLine1Txt
CityChestertownCityNm
State AbbreviationMDStateAbbreviationCd
ZIP216201197ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$142,691,701GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.washcoll.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1782FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionTO DEVELOP IN ITS STUDENTS THE HABITS OF ANALYTIC THOUGHT, AESTHETIC INSIGHT, IMAGINATION, ETHICAL SENSITIVITY, AND TO ENRICH THE CULTURAL AND INTELLECTUAL LIFE.ActivityOrMissionDesc
Voting Members Governing Body37VotingMembersGoverningBodyCnt
Voting Members Independent36VotingMembersIndependentCnt
Total Employee1633TotalEmployeeCnt
Total Volunteers64TotalVolunteersCnt
Total Gross UBI$55,354TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$78,558NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$22,387,601PYContributionsGrantsAmt
CY Contributions Grants$21,421,797CYContributionsGrantsAmt
PY Program Service Revenue$74,708,796PYProgramServiceRevenueAmt
CY Program Service Revenue$76,218,553CYProgramServiceRevenueAmt
PY Investment Income$11,695,670PYInvestmentIncomeAmt
CY Investment Income$3,686,846CYInvestmentIncomeAmt
PY Other Revenue$1,369,994PYOtherRevenueAmt
CY Other Revenue$1,752,439CYOtherRevenueAmt
PY Total Revenue$110,162,061PYTotalRevenueAmt
CY Total Revenue$103,079,635CYTotalRevenueAmt
PY Grants And Similar Paid$26,007,608PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$26,802,851CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$33,903,049PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$34,305,426CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,786,587CYTotalFundraisingExpenseAmt
PY Other Expenses$32,213,301PYOtherExpensesAmt
CY Other Expenses$31,857,551CYOtherExpensesAmt
PY Total Expenses$92,123,958PYTotalExpensesAmt
CY Total Expenses$92,965,828CYTotalExpensesAmt
PY Revenues Less Expenses$18,038,103PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$10,113,807CYRevenuesLessExpensesAmt
Total Assets BOY$395,240,391TotalAssetsBOYAmt
Total Assets EOY$414,349,630TotalAssetsEOYAmt
Total Liabilities BOY$70,563,908TotalLiabilitiesBOYAmt
Total Liabilities EOY$93,322,326TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$324,676,483NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$321,027,304NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWASHINGTON COLLEGE CHALLENGES AND INSPIRES EMERGING CITIZEN LEADERS TO DISCOVER LIVES OF PURPOSE AND PASSION. CORE VALUES WE SHARE THESE VALUES OF OUR FOUNDING PATRON, GEORGE WASHINGTON: INTEGRITY, DETERMINATION, CURIOSITY, CIVILITY, LEADERSHIP, AND MORAL COURAGE. WE OFFER ACADEMIC RIGOR AND SELF-DISCOVERY IN A SUPPORTIVE, RESIDENTIAL COMMUNITY OF WELL-QUALIFIED, DIVERSE, AND MOTIVATED INDIVIDUALS. WE DEVELOP IN OUR STUDENTS HABITS OF ANALYTIC THOUGHT AND CLEAR COMMUNICATION, AESTHETIC INSIGHT, ETHICAL SENSITIVITY, AND CIVIC RESPONSIBILITY. UNHURRIED CONVERSATION AND CLOSE CONNECTIONS WITH AN EXCEPTIONAL FACULTY AND STAFF COMPLEMENT A BROAD CURRICULUM OF STUDY. A BEAUTIFUL CAMPUS, READY ACCESS TO EXCITING CITIES AND THE CHESAPEAKE BAY, AND ENGAGEMENT WITH CULTURES AND COMMUNITIES LOCALLY AND AROUND THE WORLD AFFORD OUR STUDENTS AMPLE RESOURCES AND OPPORTUNITIES FOR PERSONAL EXPLORATION AND SHARED CHALLENGES. WE PREPARE OUR STUDENTS FOR RICH AND FULFILLING LIVES; FOR MYRIAD AND UNPREDICMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$72,326,971ExpenseAmt
Grant$26,802,851GrantAmt
Revenue$60,937,451RevenueAmt
DescWashington College's achievements include succeeding as an institution of higher education promoting habits of analytic thought, aesthetic insight, imagination, ethical sensitivity and clarity of expression while successfully graduating students at a rate of 64% in 4 years. The College endeavors to prepare its graduates for further education and productive careers. With 40 majors and academic programs to choose from, over 1,550 students can devise a course of study that fits their intellectual interests and career aspirations. In addition to traditional fields of study, they may choose an area of concentration in fields such as behavioral neuroscience, clinical psychology or East Asian studies, among others. The College also offers professional preparation tracks in premedical studies and pre-law, as well as dual degree programs in engineering, nursing and pharmacy.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$6,983,297ExpenseAmt
Revenue$13,288,521RevenueAmt
DescWashington College's Residential Life program provides students with opportunities and experiences that help them to develop responsibilities both to themselves and to their fellow students. It attempts to provide a relaxing and calm atmosphere for study and day-to-day living. Indeed, living on-campus is truly the "other-half" of a college education. With approximately 27 dorms to choose from, students have choices of single, doubles or triples in each room/unit. Hodson Hall houses the dining facilities for Washington College. The main dining hall seats 500 on two levels. Students, faculty and staff find made-to-order meals along with self-serve options allowing for a customized dining experience. Students choose from five meals plans with additional options for meal equivalencies. Casual dining is located on the first floor of the Commons. Operating until late evening, options include Mondo Subs, Martha's Kitchen, and the campus coffee bar, Java George.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$970,966ExpenseAmt
Revenue$1,828,637RevenueAmt
DescWashington College uses its facilities during summer months to facilitate educational experiences for younger K-12 students. These students are given an opportunity to participate in summer camps ranging from sciences, mathematics and hands on projects. These camps last anywhere from four days to three weeks and are managed by other outside nonprofit organizations.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$80,281,234TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document403IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1633EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members37GoverningBodyVotingMembersCnt
Independent Voting Member36IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPENELOPE FARLEY CONTROLLERPersonNm
Phone4107787224PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1515 WASHINGTON AVEAddressLine1Txt
CityChestertownCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21620ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (50 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
H Lawrence Culp Jr
Chairman1.00.0Yes (X)Yes (X)$0$0$0
Richard L Creighton
Co-Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Ann Horner
Co-Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Lynn L Bergeson
Secretary1.00.0Yes (X)Yes (X)$0$0$0
Geoffrey M Rogers Sr
Treasurer1.00.0Yes (X)Yes (X)$0$0$0
Patrick William Allender
Member1.00.0Yes (X)$0$0$0
Norris W Commodore Jr
Member1.00.0Yes (X)$0$0$0
Jayne Conroy
Member1.00.0Yes (X)$0$0$0
Thomas C Crouse Jr
Member1.00.0Yes (X)$0$0$0
Peter D Davenport
Member - End 6/1/161.00.0Yes (X)$0$0$0
Peter Van Dyke
Member1.00.0Yes (X)$0$0$0
John G Eckenrode
Member1.00.0Yes (X)$0$0$0
Thomas H Gale
Member1.00.0Yes (X)$0$0$0
Stephen T Golding
Member1.00.0Yes (X)$0$0$0
Richard B Grieves
Member1.00.0Yes (X)$0$0$0
William Harvey
Member1.00.0Yes (X)$0$0$0
Nina Rodale Houghton
Member1.00.0Yes (X)$0$0$0
Marcia Ann Invernizzi
Member1.00.0Yes (X)$0$0$0
Margaret Goldstein Janney
Member1.00.0Yes (X)$0$0$0
Kirk B Johnson
Member1.00.0Yes (X)$0$0$0
Beth Kahn Leaman
Member1.00.0Yes (X)$0$0$0
Jim Lim
Member1.00.0Yes (X)$0$0$0
Rebecca Loree
Member1.00.0Yes (X)$0$0$0
Thomas H Maddux
Member1.00.0Yes (X)$0$0$0
William Miller
Member1.00.0Yes (X)$0$0$0
Deborah Moxley Turner
Member1.00.0Yes (X)$0$0$0
Edward P Nordberg
Member1.00.0Yes (X)$0$0$0
Regis de Ramel
Member1.00.0Yes (X)$0$0$0
Bert Rein
Member1.00.0Yes (X)$0$0$0
Dr Henry F Sears
Member1.00.0Yes (X)$0$0$0
Ralph Snyderman
Member1.00.0Yes (X)$0$0$0
Daryl L Swanstrom
Member1.00.0Yes (X)$0$0$0
John H Timken
Member1.00.0Yes (X)$0$0$0
Donald C Tomasso
Member1.00.0Yes (X)$0$0$0
Matthew T Weir
Member1.00.0Yes (X)$0$0$0
John R Whitmore
Member1.00.0Yes (X)$0$0$0
Albert JA Young
Member1.00.0Yes (X)$0$0$0
Sheila Bair
President - Beg 8/1/1555.00.0Yes (X)Yes (X)$171,100$0$13,268
Mark C Hampton
VP Fin & Admin55.00.0Yes (X)$230,137$0$30,506
Jack Griswold
Interim President- End 7/31/1555.00.0Yes (X)$184,615$0$646
Joseph L Holt
Chief of Staff55.00.0Yes (X)$138,734$0$20,782
Xavier Cole
VP & Dean of Student Affairs55.00.0Yes (X)$156,912$0$30,609
Satya Dattagupta
VP Admissions & Enroll Mgmt55.00.0$231,503$0$21,820Yes (X)
Emily Chamlee-Wright
Provost55.00.0$200,596$0$31,953Yes (X)
John L Seidel
Director of Enviro Studies55.00.0$142,889$0$22,328Yes (X)
Richard L Gillin
Professor of English55.00.0$142,065$0$27,007Yes (X)
Terrance Scout
Assoc Prof Bus Mgmt55.00.0$191,231$0$35,019Yes (X)
Lisa Marx
Director Of Health Services55.00.0$133,375$0$10,689Yes (X)
Adam Goodheart
Director of American Studies55.00.0$134,481$0$18,103Yes (X)
Gary Grant
VP OF ADVANCEMENT - END 5/6/1555.00.0$119,981$0$13,791Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,177,619TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$276,521TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K33IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
The Whiting - Turner Contracting Co
PO Box 17596BALTIMOREMD21297Construction$18,468,839
The Efficiency Network LLC
1501 Reedsdale Street Suite 401PITTSBURGHPA15233Construction$660,504
Chartwells Compass Group Usa
PO Box 417632BOSTONMA02241Food$518,585
Ayers Saint Gross Inc
1040 Haul StreetBALTIMOREMD21230Construction$478,629
Yerkes Construction Co LLC
112-C South Cross StreetCHESTERTOWNMD21620Construction$380,660
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K49CntrctRcvdGreaterThan100KCnt
Government Grants$8,117,479GovernmentGrantsAmt
All Other Contributions$13,304,318AllOtherContributionsAmt
Noncash Contributions$162,867NoncashContributionsAmt
Total Contributions$21,421,797TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES900099$60,535,456$60,535,456
ROOM AND BOARD900099$13,288,521$13,288,521
CONFERENCES & CATERING532000$1,992,582$1,828,637$163,945
AUXILIARY ENTERPRISES900099$401,994$401,994
FieldValueIRS element (for citing)
Total Program Service Revenue$76,218,553TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$307,407TotalRevenueColumnAmt
Unrelated Business Revenue-$108,591UnrelatedBusinessRevenueAmt
Exclusion$415,998ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$33,871RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$33,871RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,871TotalRevenueColumnAmt
Exclusion$33,871ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$42,973,304SecuritiesAmt
Other$5,900OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$39,202,584SecuritiesAmt
Other$397,181OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,770,720SecuritiesAmt
Other-$391,281OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,379,439TotalRevenueColumnAmt
Exclusion$3,379,439ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$49,736FundraisingGrossIncomeAmt
Fundraising Direct Expenses$12,301FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$37,435TotalRevenueColumnAmt
Exclusion$37,435ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OTHER900099$1,151,125$1,151,125
ATHLETIC PROGRAMS900099$220,435$220,435
GIS PROGRAMS900099$206,263$206,263

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$103,310TotalRevenueColumnAmt
Related Or Exempt Func Income$103,310RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,681,133OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$103,079,635TotalRevenueColumnAmt
Related Or Exempt Func Income$77,735,741RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$55,354UnrelatedBusinessRevenueAmt
Exclusion$3,866,743ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$25,472,382TotalAmt
Program Services$25,472,382ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,330,469TotalAmt
Program Services$1,330,469ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,433,578TotalAmt
Program Services$589,011ProgramServicesAmt
Management And General$546,728ManagementAndGeneralAmt
Fundraising$297,839FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$25,971,076TotalAmt
Program Services$22,080,501ProgramServicesAmt
Management And General$2,552,402ManagementAndGeneralAmt
Fundraising$1,338,173FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,455,935TotalAmt
Program Services$1,202,611ProgramServicesAmt
Management And General$159,371ManagementAndGeneralAmt
Fundraising$93,953FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,551,554TotalAmt
Program Services$2,884,123ProgramServicesAmt
Management And General$469,860ManagementAndGeneralAmt
Fundraising$197,571FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,893,283TotalAmt
Program Services$1,598,712ProgramServicesAmt
Management And General$183,108ManagementAndGeneralAmt
Fundraising$111,463FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$136,144TotalAmt
Management And General$136,144ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$144,353TotalAmt
Management And General$144,353ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$7,381TotalAmt
Management And General$7,381ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$868,611TotalAmt
Management And General$868,611ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,865,529TotalAmt
Program Services$2,820,325ProgramServicesAmt
Management And General$838,826ManagementAndGeneralAmt
Fundraising$206,378FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$177,489TotalAmt
Program Services$113,618ProgramServicesAmt
Management And General$61,224ManagementAndGeneralAmt
Fundraising$2,647FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$660,536TotalAmt
Program Services$553,916ProgramServicesAmt
Management And General$56,965ManagementAndGeneralAmt
Fundraising$49,655FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,110,431TotalAmt
Program Services$3,622,827ProgramServicesAmt
Management And General$483,935ManagementAndGeneralAmt
Fundraising$3,669FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,697,375TotalAmt
Program Services$1,584,063ProgramServicesAmt
Management And General$61,653ManagementAndGeneralAmt
Fundraising$51,659FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$197,070TotalAmt
Program Services$141,047ProgramServicesAmt
Management And General$46,390ManagementAndGeneralAmt
Fundraising$9,633FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,219,798TotalAmt
Program Services$2,219,798ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,716,331TotalAmt
Program Services$6,778,660ProgramServicesAmt
Management And General$870,249ManagementAndGeneralAmt
Fundraising$67,422FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$727,660TotalAmt
Program Services$5,073ProgramServicesAmt
Management And General$722,587ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$3,061,671$2,699,731$325,242$36,698
REPAIRS & MAINT$1,509,135$1,056,758$433,759$18,618
MEALS & ENTERTAINMENT$1,464,008$709,487$572,450$182,071
BOOKS & RESEARCH SUPPLIES$781,176$781,176

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,512,853TotalAmt
Program Services$2,036,946ProgramServicesAmt
Management And General$356,769ManagementAndGeneralAmt
Fundraising$119,138FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$92,965,828TotalAmt
Program Services$80,281,234ProgramServicesAmt
Management And General$9,898,007ManagementAndGeneralAmt
Fundraising$2,786,587FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$29,371,275BOYAmt
EOY$39,644,231EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,345,241BOYAmt
EOY$4,336,556EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$914,984BOYAmt
EOY$1,424,371EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$144,723BOYAmt
EOY$117,633EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$558,885BOYAmt
EOY$495,244EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$259,193,558LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$89,443,016LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$152,787,602BOYAmt
EOY$169,750,542EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$138,061,417BOYAmt
EOY$127,542,374EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$70,715,238BOYAmt
EOY$70,506,756EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$341,026BOYAmt
EOY$531,923EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$395,240,391BOYAmt
EOY$414,349,630EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,590,490BOYAmt
EOY$7,510,809EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,817,532BOYAmt
EOY$1,768,743EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$52,659,000BOYAmt
EOY$71,368,000EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,496,886BOYAmt
EOY$12,674,774EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$70,563,908BOYAmt
EOY$93,322,326EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$106,286,832BOYAmt
EOY$104,612,384EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$99,262,405BOYAmt
EOY$85,692,597EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$119,127,246BOYAmt
EOY$130,722,323EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$324,676,483BOYAmt
EOY$321,027,304EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$395,240,391BOYAmt
EOY$414,349,630EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$10,113,807ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$10,544,846NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$3,218,140OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Organization Belongs Afflt GrpYes (X)OrganizationBelongsAffltGrpInd
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
Form4720 FiledfalseForm4720FiledInd
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$7,381DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$7,381TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind
Form4720 Filed4912 TaxfalseForm4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceDirect and Indirect Political Campaign ActivitiesFormAndLineReferenceDesc
ExplanationSchedule C, Part II-B Washington College lobbies through MICUA, a regional membership organization, which has allocated a portion of their dues as lobbying.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Historic Land AreaYes (X)HistoricLandAreaInd
Historic StructureYes (X)HistoricStructureInd
Total Easements15TotalEasementsCnt
Total Acreage4.00TotalAcreageCnt
Historic Structure Easements8HistoricStructureEasementsCnt
Historic Strctr Easements Aftr4HistoricStrctrEasementsAftrCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (true)WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement2.00StaffHoursSpentEnforcementCnt
Section170h Rqr StsfdYes (true)Section170hRqrStsfdInd
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$204,240,520BeginningYearBalanceAmt
Contributions$11,635,309ContributionsAmt
Investment Earnings Or Losses-$7,682,919InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,771,738GrantsOrScholarshipsAmt
Other Expenditures$4,285,752OtherExpendituresAmt
End Year Balance$198,135,420EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$204,581,397BeginningYearBalanceAmt
Contributions$7,952,730ContributionsAmt
Investment Earnings Or Losses$1,130,615InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,553,576GrantsOrScholarshipsAmt
Other Expenditures$4,870,646OtherExpendituresAmt
End Year Balance$204,240,520EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$182,183,193BeginningYearBalanceAmt
Contributions$4,161,707ContributionsAmt
Investment Earnings Or Losses$26,903,405InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,207,371GrantsOrScholarshipsAmt
Other Expenditures$3,459,537OtherExpendituresAmt
End Year Balance$204,581,397EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$167,366,847BeginningYearBalanceAmt
Contributions$3,973,728ContributionsAmt
Investment Earnings Or Losses$19,149,483InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,938,028GrantsOrScholarshipsAmt
Other Expenditures$3,368,837OtherExpendituresAmt
End Year Balance$182,183,193EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$174,317,714BeginningYearBalanceAmt
Contributions$2,873,791ContributionsAmt
Investment Earnings Or Losses-$2,733,164InvestmentEarningsOrLossesAmt
Other Expenditures$7,061,494OtherExpendituresAmt
Administrative Expenses$30,000AdministrativeExpensesAmt
End Year Balance$167,366,847EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.04000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.66000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.30000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,653,365OtherCostOrOtherBasisAmt
Book Value$19,653,365BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$187,867,146OtherCostOrOtherBasisAmt
Depreciation$71,837,463DepreciationAmt
Book Value$116,029,683BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$25,992,805OtherCostOrOtherBasisAmt
Depreciation$17,605,553DepreciationAmt
Book Value$8,387,252BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$25,680,242OtherCostOrOtherBasisAmt
Book Value$25,680,242BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$169,750,542TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$37,513,729F
REAL ESTATE$23,522,781F
LIMITED PARTNERSHIPS$9,470,246F
FieldValueIRS element (for citing)
Total Book Value Securities$70,506,756TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INTEREST RATE SWAP$11,314,242
ANNUITIES PAYABLE$699,945
FUNDS HELD FOR OTHERS$660,587
FieldValueIRS element (for citing)
Total Liability$12,674,774TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$62,964,554TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$10,544,846NetUnrealizedGainsInvstAmt
Other Revenue-$28,713,919OtherRevenueAmt
Revenue Not Reported-$39,258,765RevenueNotReportedAmt
Revenue Subtotal$102,223,319RevenueSubtotalAmt
Investment Expenses Not Incld$868,617InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$12,301OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$856,316RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$103,079,635TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$66,613,733TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$12,301OtherExpensesIncludedAmt
Expenses Not Reported$12,301ExpensesNotReportedAmt
Expenses Subtotal$66,601,432ExpensesSubtotalAmt
Investment Expenses Not Incld2$868,617InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$25,495,779OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$26,364,396ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$92,965,828TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
CONSERVATION EASEMENTSSchedule D, Part II, Line 9 Washington College has not reported easements in the financial statements. Two buildings were purchased and booked at cost and these have written easements on them. Nine buildings fall within the Chestertown, Maryland historic district, which regulates their exterior appearance. Eight of these buildings are deemed historical by the State of Maryland and exteriors must be approved for modifications. Hynson Ringgold House easements includes the interior moldings.
DESCRIPTION OF ORGANIZATION'S COLLECTIONSSchedule D, Part III, Line 4 Washington College holds a significant place in the history of American higher education. Our heritage as the first College of the new nation lives today in our commitment to educating confident citizens and leaders capable of advancing the democratic and civic traditions of the Founding Fathers. The College has numerous works of art, music and history that are used or viewed daily in our commitment to education.
INTENDED USES OF ENDOWMENT FUNDSSchedule D, Part V, Line 4 The Endowment Fund of Washington College is invested to provide an annual 5% (3 yr rolling average) return to be used for scholarships, building maintenance, program enhancements, chair salary supplements, athletic support, books, and educational prizes. Fin 48 Footnote (ASC 740) Schedule D, Part X, Line 2 Under provisions of the Internal Revenue Code Section 501(c)(3) and applicable income tax regulations of the State of Maryland, the College is exempt from taxes on income, other than unrelated business income. The College recognizes or derecognizes a tax position based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The College does not believe its financial statements include any material uncertain tax positions.
Supplemental Description - OtherSchedule D, Part XI, Line 2d CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ (33,299) Change in Fair Market Value of interest Rate Swap (3,184,841) Grants, Scholarships and tuition discounts (25,495,779) ------------ Total (28,713,919) ============
Supplemental Description - OtherSchedule D, Part XI, Line 4b RECLASS - SPECIAL EVENT EXPENSES $(12,301)
Supplemental Description - OtherSchedule D, Part XII, Line 2D RECLASS - SPECIAL EVENT EXPENSES $12,301
Supplemental Description - OtherSchedule D, Part XII, Line 4b Grants, Scholarships and tuition discounts $25,495,779

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICYSchedule E, Part I, Line 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PROVIDED IN THE STUDENT HANDBOOK, THE FACULTY HANDBOOK, THE STAFF HANDBOOK, THE COLLEGE CATALOG, AND ON THE COLLEGE'S WEBSITE.
GOVERNMENT ASSISTANCESchedule E, Part I, Line 6a THE COLLEGE RECEIVES ANNUAL GRANTS FROM FEDERAL, STATE AND LOCAL AGENCIES.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)Grantmaking$109,000
East Asia and the PacificGrantmaking$654,625
Middle East and North AfricaGrantmaking$354,344
South AmericaGrantmaking$17,500
South AsiaGrantmaking$195,000
FieldValueIRS element (for citing)
Subtotal Spent$1,330,469SubtotalSpentAmt
Total Spent$1,330,469TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmt
Grants and ScholarshipsEurope (Including Iceland and Greenland)6$109,000
Grants and ScholarshipsEast Asia and the Pacific5$654,625
Grants and ScholarshipsMiddle East and North Africa9$354,344
Grants and ScholarshipsSouth America1$17,500
Grants and ScholarshipsSouth Asia11$195,000
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePROCEDURE FOR MONITORING USE OF GRANT FUNDS OUTSIDE U.S.FormAndLineReferenceDesc
ExplanationSchedule F, Part I, Line 2 Washington College awarded $25,495,780 in scholarships for 6/30/16. Washington College offers several types of financial aid to help qualified full-time undergraduate students meet their college expenses. College-sponsored tuition scholarships, tuition grants, and work/study are available to full-time undergraduate students who demonstrate financial need and who meet the College's admission criteria. In addition to College-sponsored financial aid, eligible students can receive assistance from federal, state, and independent aid programs. Grant and scholarship assistance from all sources is first applied to full-time tuition charges. Grant and scholarship assistance in excess of tuition is then applied to direct college charges for fees, and on campus room and board. The Federal Government makes FFELP funds available to undergraduate students to attend post-secondary institutions. Eligibility is based on financial need, and application is through the normal financial aid application process of Washington College.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonWashburn McGoldrick IncPersonNm
Activityfundraising consultantActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Swim ConferenceEvent1Nm
Gross Receipts Event1$7,443GrossReceiptsEvent1Amt
Gross Revenue Event1$7,443GrossRevenueEvent1Amt
Other Direct Expenses Event1$356OtherDirectExpensesEvent1Amt
Event2Fld Hockey ConfEvent2Nm
Gross Receipts Event2$2,650GrossReceiptsEvent2Amt
Gross Revenue Event2$2,650GrossRevenueEvent2Amt
Other Events Total24OtherEventsTotalCnt
Gross Receipts Other Events$39,643GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$39,643GrossRevenueOtherEventsAmt
Food And Beverage Other Events$11,945FoodAndBeverageOtherEventsAmt
Gross Receipts Total$49,736GrossReceiptsTotalAmt
Gross Revenue Total Events$49,736GrossRevenueTotalEventsAmt
Food And Beverage Total Events$11,945FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$356OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$12,301DirectExpenseSummaryEventsAmt
Net Income Summary$37,435NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Employee Waivers25$1,307,072
Grants and Scholarships1253$24,165,310

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S.FormAndLineReferenceDesc
ExplanationSchedule I, Part I, Line 2 Washington College awarded $25,495,780 in scholarships for 6/30/16. Washington College offers several types of financial aid to help qualified full-time undergraduate students meet their college expenses. College-sponsored tuition scholarships, tuition grants, and work/study are available to full-time undergraduate students who demonstrate financial need and who meet the College's admission criteria. In addition to College-sponsored financial aid, eligible students can receive assistance from federal, state, and independent aid programs. Grant and scholarship assistance from all sources is first applied to full-time tuition charges. Grant and scholarship assistance in excess of tuition is then applied to direct college charges for fees, and on campus room and board. The Federal Government makes FFELP funds available to undergraduate students to attend post-secondary institutions. Eligibility is based on financial need, and application is through the normal financial aid application process of Washington College.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mark C Hampton
VP Fin & Admin$229,420$0$0$0$717$0$17,261$0$13,245$0$260,643$0$0$0
Jack Griswold
Interim President- End 7/31/15$184,615$0$0$0$0$0$0$0$646$0$185,261$0$0$0
Joseph L Holt
Chief of Staff$138,017$0$0$0$717$0$12,486$0$8,296$0$159,516$0$0$0
Xavier Cole
VP & Dean of Student Affairs$156,445$0$0$0$467$0$17,620$0$12,989$0$187,521$0$0$0
Satya Dattagupta
VP Admissions & Enroll Mgmt$231,254$0$0$0$249$0$9,608$0$12,212$0$253,323$0$0$0
Emily Chamlee-Wright
Provost$200,129$0$0$0$467$0$17,998$0$13,955$0$232,549$0$0$0
John L Seidel
Director of Enviro Studies$142,293$0$0$0$596$0$10,717$0$11,611$0$165,217$0$0$0
Richard L Gillin
Professor of English$141,169$0$0$0$896$0$26,338$0$669$0$169,072$0$0$0
Terrance Scout
Assoc Prof Bus Mgmt$190,677$0$0$0$554$0$23,469$0$11,550$0$226,250$0$0$0
Adam Goodheart
Director of American Studies$134,416$0$0$0$65$0$9,336$0$8,767$0$152,584$0$0$0
Sheila Bair
President - Beg 8/1/15$169,538$0$0$0$1,562$0$6,923$0$6,345$0$184,368$0$0$0
Gary Grant
VP OF ADVANCEMENT - END 5/6/15$119,689$292$6,914$6,877$133,772

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceCompensation InformationFormAndLineReferenceDesc
ExplanationSchedule J, Part I, line 1a Housing Allowance or Residence The President of Washington College is provided housing as a condition of his/her employment. A house is provided on campus for the convenience of the College to enable the President to respond to emergent situations 24/7. Travel for Companions The president's husband is expected to join the president on bona fide college business and other purposes for the benefit of the college on occasion. The college recognizes this is a benefit to the business and will cover those qualified expenses. Tax Indemnification and Gross-ups payments Certain Officers of Washington College receive minor tax gross-up payments, amounts of which are included as taxable compensation and disclosed in column B (III). Health or Social Club Dues The President of Washington College is reimbursed the cost of social club dues. To the extent that the President uses the club for personal purposes, the value of the benefit is included in his/her taxable income. Personal Services The President of the College received nominal housekeeping and chauffer services. The personal services are provided as a business need. Housekeeping services are for cleaning the common areas used for College business only. The chauffer services are provided only during business hours to allow the president to work electronically while traveling.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
TOWN OF CHESTERTOWN MARYLAND
A5260007832013-07-30$57,684,000REFUND 2009 AND 2010 BONDSfalseYes (true)false
TOWN OF CHESTERTOWN MARYLAND
B5260007832015-11-24$20,206,000Capital ConstructionfalseYes (true)false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$0$0$57,684,000$0$0$0$369,000$0$0$0$57,315,000$0Yes (true)falseYes (true)Yes (true)
B$0$0$20,206,000$0$0$0$208,134$0$0$19,997,866$0$0falsefalsefalseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)false0.044200.04420falsefalsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
RBCPNC
AfalseYes (true)Yes (true)Yes (true)25.falsefalsefalse0falseYes (true)
0
BfalseYes (true)falsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp
Securities Publicly TradedSecuritiesPubliclyTradedGrp
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp

Real Estate Other RealEstateOtherGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$1,700NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
CollectiblesCollectiblesGrp

Food Inventory FoodInventoryGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution8ContributionCnt
Noncash Contributions Rpt F990$13,190NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Software2$144,705FMV
Yes (X)Rent1$3,200FMV
Yes (X)Awards2$72FMV
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PART I, LINE 32AFormAndLineReferenceDesc
ExplanationTo the extent that Washington College receives donations of securities, various third party brokers are tasked with selling these securities.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
WRITTEN POLICIES FOR CHAPTERS, BRANCHES, OR AFFILIATESForm 990, Part VI, Line 10b Washington College currently has ten active Alumni Chapters operating throughout the U.S. and actively seeks new geographic areas of interest. These Chapters are organized and supported by the Alumni Relations and Annual Giving Office staff in order to strengthen connections between alumni and with the College. Alumni Chapters have at least one annual gathering facilitated by volunteers and staff which is typically funded by the College's operating budget. Additionally, Chapters may choose to partake in fundraising that benefits the College's mission and supports its approved priorities. All fundraising efforts flow through the Office of College Advancement.
FORM 990 REVIEW PROCESSForm 990, Part VI, Line 11b Management reviews the draft of the 990 for accuracy and reconcilement to the audited financial statements. Once this review is final, a draft copy of the 990 is provided to the Chairman of the Board and the Audit Committee Chairman for review and comments for a 7 day period. A copy of the draft Form 990 is also circulated to the full Board of Trustees for discussion and comment. Each Board Member is provided ample opportunity to comment on the information contained in the 990. After approval of the 990, the tax preparer is notified to finalize the return for filing. A final 990 presentation summary is presented to all the Board members.
CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENTForm 990, Part VI, Line 12c All Covered Persons shall disclose in writing any possible conflict of interest with regard to a proposed transaction or arrangement, as well as all material facts related thereto, to the Board and to the appropriate Board committee, if any, at the earliest practical time. After a possible conflict of interest has been disclosed, the Board or committee shall discuss and, if necessary, investigate alternatives to the proposed transaction or arrangement. Ultimately, the Board or committee shall determine whether the College can obtain a more advantageous transaction or arrangement with reasonable efforts from a person that would not give rise to a conflict of interest and, if such alternative transaction or arrangement is not feasible, whether the proposed transaction or arrangement is in the College's best interest and will not compromise or have the appearance of compromising the College's academic and fiscal integrity. The interested person shall refrain from participating in the discussion concerning (and from voting on) the issue that presents the conflict of interest or the appearance of a conflict of interest, and may be asked to leave the meeting during discussion of and/or the vote on the issue.
PROCESS FOR DETERMINING COMPENSATIONFORM 990, PART VI, LINES 15A AND 15B Since the 1980's, Washington College has pursued a Board-authorized aspiration to compensate faculty, on average, at the all-ranks average of institutions with a Carnegie classification of IIB (private, independent). In 2012 the Board revised the goal to compensate faculty on a rank by rank average of private independent Colleges. A similar standard for staff was developed in 2007 in partnership with Watson Wyatt. Also in 2012, the College partnered with Sibson to conduct a market salary analysis of all staff positions. As a result we have adopted and implemented a revised market based staff salary structure which has 15 pay levels and applies to both exempt and non exempt staff. Washington College has revised it compensation philosophy to read as follows: Washington College provides employees with a total compensation package, comprised of both salary and benefits, that recognizes and rewards performance and productivity while maintaining a competitive market position and internal equity. In support of the College's mission we endeavor to provide a level of compensation, both cash and benefits, to attract, motivate and retain the quality of workforce necessary for the achievement of the College's goals. The compensation program shall be consistent, responsive, transparent, and equitable. The College is committed to a meritocracy. Our performance management program is designed to increase the personal and professional effectiveness of our staff including providing staff with clear performance expectations and developmental opportunities. We provide leaders with the tools and training to enable them to build effective teams and lead successfully including coaching performance and making sound compensation decisions. The philosophy is accomplished by maintaining accurate job descriptions on all positions and benchmarking jobs against comparable positions in the market. Market data is developed from national data bases, CUPA-HR surveys and local market surveys. Decisions regarding compensation programs and individual pay decisions will be made based on the above objectives as well as the College's financial situation. Each spring, the Chief of Staff prepares an analysis of compensation provided to competitor IIB college presidents using data analysis conducted by the college and university personnel association (CUPA-HR). The resulting spreadsheet is provided to the Vice-Chair, along with the Executive Market-Based Level Range, to inform any pay adjustment recommendation that might emerge from the subcommittee's annual assessment of the president's performance. The report of the subcommittee, along with any pay adjustment recommendation, is presented to the full Board of Visitors and Governors for review and approval in Executive Session. Any decision by the Board of Visitors and Governors is recorded in the minutes of that meeting.
HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLICForm 990, Part VI, Line 19 The organization's financial statements, governing documents and conflict of interest policy are made available to the public upon written request.
Change in Net Assets and Fund BalancesForm 990, Part IX, Line 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ (33,299) Change in Fair Market Value of interest Rate Swap (3,184,841) ----------- Total (3,218,140) ===========

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
WC WATER LLC
300 WASHINGTON STCHESTERTOWNMD21620270886807REAL ESTATEMD$0$0WC
CHESTERTOWN RESIDENTIAL LLC
300 WASHINGTON STCHESTERTOWNMD21620264539355REAL ESTATEMD$0$0WC