2017-05-13T18:22:30-05:00 2016-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2015-07-01 010215213 BOWDOIN COLLEGE % MATTHEW P ORLANDO BOWD 2077253804 5400 COLLEGE STATION BRUNSWICK ME 040118445 MATTHEW P ORLANDO SR VP FIN & ADMIN 2077253804 2017-05-12 true TARA J D'AGOSTINO P01245482 6179881000 2017-05-09 2015 2021-01-29 14:40:06Z CLAYTON ROSE 5400 COLLEGE STATION BRUNSWICK ME 040118445 500375000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O 44 41 3029 2135 -1851000 -2330562 61200000 32713000 110873000 114296000 116265000 77279000 861000 885000 289199000 225173000 33729000 35378000 0 0 93882000 97343000 423000 502000 6511000 61378000 62755000 189412000 195978000 99787000 29195000 1897816000 1831737000 334093000 337245000 1563723000 1494492000 X *SEE SCHEDULE O* false false 164517000 35378000 115178000 THE ON-CAMPUS STUDENT BODY NUMBERS APPROXIMATELY 1,798. AN ESTIMATED 149 STUDENTS STUDY AWAY ANNUALLY; 94% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 98% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2016, 39,419 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 31,135 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 164517000 true true false true false false false true true true true true false false true true true false true true true false true false true false false true true true true false true false false false false true false true false true true false false true true true true false false true 480 0 true 3029 true true true true UK false false false true true false false false true false X 44 41 false false false false false false false true true false false false true true true true true true true false X MATTHEW P ORLANDO 2077253804 5400 COLLEGE STATION BRUNSWICK ME 040118445 DEBORAH JENSEN BARKER CHAIR 8.0 0.0 X X 0 0 0 DAVID P WHEELER VICE CHAIR 8.0 0.0 X X 0 0 0 SYDNEY ASBURY TRUSTEE 4.0 0.0 X 0 0 0 PETER J BERNARD TRUSTEE 4.0 0.0 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.0 0.0 X 0 0 0 GREGORY B BOWES TRUSTEE 4.0 0.0 X 0 0 0 RONALD C BRADY TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BROWN TRUSTEE 4.0 0.0 X 0 0 0 LEONARD W COTTON TRUSTEE 4.0 0.0 X 0 0 0 MICHELE G CYR TRUSTEE 4.0 0.0 X 0 0 0 IRIS W DAVIS TRUSTEE 4.0 0.0 X 0 0 0 JEFF D EMERSON TRUSTEE 4.0 0.0 X 0 0 0 JOHN A GIBBONS JR TRUSTEE 4.0 0.0 X 0 0 0 DONALD A GOLDSMITH TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN F GORMLEY TRUSTEE 4.0 0.0 X 0 0 0 BRADFORD A HUNTER TRUSTEE 4.0 0.0 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.0 0.0 X 0 0 0 ANN HAMBELTON KENYON TRUSTEE 4.0 0.0 X 0 0 0 GREGORY E KERR TRUSTEE 4.0 0.0 X 0 0 0 GEORGE A KHALDUN TRUSTEE 4.0 0.0 X 0 0 0 JAMES W MACALLEN TRUSTEE 4.0 0.0 X 0 0 0 JOSEPH V MCDEVITT JR TRUSTEE 4.0 0.0 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.0 0.0 X 0 0 0 HENRY T A MONIZ TRUSTEE 4.0 0.0 X 0 0 0 DAVID A MORALES TRUSTEE 4.0 0.0 X 0 0 0 SCOTT B PERPER TRUSTEE 4.0 0.0 X 0 0 0 KATHLEEN K PHILLIPS-LOHRMANN TRUSTEE 4.0 0.0 X 0 0 0 JANE L PINCHIN TRUSTEE 4.0 0.0 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.0 0.0 X 0 0 0 LINDA HORVITZ ROTH TRUSTEE 4.0 0.0 X 0 0 0 DAVID J ROUX TRUSTEE 4.0 0.0 X 0 0 0 GEOFFREY CLAFLIN RUSACK TRUSTEE 4.0 0.0 X 0 0 0 H ALLEN RYAN TRUSTEE 4.0 0.0 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.0 0.0 X 0 0 0 ANDREW E SERWER TRUSTEE 4.0 0.0 X 0 0 0 MARY TYDINGS SMITH TRUSTEE 4.0 0.0 X 0 0 0 JAMES E STALEY TRUSTEE 4.0 0.0 X 0 0 0 SHELDON M STONE TRUSTEE 4.0 0.0 X 0 0 0 JOHN J STUDZINSKI TRUSTEE 4.0 0.0 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.0 0.0 X 0 0 0 KAREN N WALKER TRUSTEE 4.0 0.0 X 0 0 0 PAULA M WARDYNSKI TRUSTEE 4.0 0.0 X 0 0 0 ROBERT F WHITE TRUSTEE 4.0 0.0 X 0 0 0 CLAYTON ROSE PRESIDENT 40.0 0.0 X X 290984 0 16438 SCATHERINE LONGLEY SVP FINANCE & ADMIN/TREASURER 40.0 0.0 X 330200 0 94522 PAULA VOLENT SVP FOR INVESTMENTS 40.0 0.0 X 2177120 0 67558 RICHARD GANONG SVP FOR DVT & ALUMNI RELATIONS 40.0 0.0 X 296752 0 63029 CRISTLE COLLINS JUDD DEAN FOR ACADEMIC AFFAIRS 40.0 0.0 X 293737 0 52709 SCOTT MEIKLEJOHN DEAN OF ADMISSIONS & STDT AID 40.0 0.0 X 241330 0 62821 MITCHEL DAVIS CHIEF INFORMATION OFFICER 40.0 0.0 X 219036 0 71450 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 40.0 0.0 X 218034 0 80299 JENNIFER SCANLON INTERIM DEAN ACADEMIC AFFAIRS 40.0 0.0 X 200362 0 59213 SCOTT HOOD SVP COMM & PUBLIC AFFAIRS 40.0 0.0 X 193265 0 48134 SARA ORR ASSOC DIR OF PRIVATE EQUITY 40.0 0.0 X 274710 0 37245 WILLIAM WATTERSON FACULTY 40.0 0.0 X 239995 0 16572 PATSY DICKINSON FACULTY 40.0 0.0 X 205696 0 52703 ELIZABETH ORLIC VP & ASSISTANT TO PRESIDENT 40.0 0.0 X 194546 0 50816 TAMA SPOERRI VP OF HUMAN RESOURCES 40.0 0.0 X 191764 0 67587 BARRY MILLS FORMER PRESIDENT 40.0 0.0 X 300414 0 34990 5867945 0 876086 141 true true false Warren Construction Group LLC PO Box 362 South Freeport ME 04078 Const. 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Services 547141 40 34000 92000 3561000 29026000 8701001 32713000 TUITION AND FEES 611710 86740000 86740000 ROOM AND BOARD 611710 22056000 22056000 AUXILIARY ENTERPRISES 611710 4015000 3869000 146000 APPLICATION FEES 611710 293000 293000 OFF-CAMPUS STUDY 611710 280000 280000 912000 912000 114296000 9474000 -2785000 12259000 0 8000 8000 39000 0 39000 0 39000 39000 342882000 80000 274901000 256000 67981000 -176000 67805000 788000 67017000 40000 92000 45000 -5000 -5000 0 0 0 REUNION WEEKEND 611710 264000 264000 OTHER REVENUE 611710 579000 579000 843000 225173000 115032000 -1851000 79279000 225000 225000 34791000 34791000 362000 362000 0 6879000 2634000 3798000 447000 268000 213000 55000 67483000 55945000 8038000 3500000 7052000 5751000 921000 380000 11163000 9313000 1262000 588000 5000000 4027000 691000 282000 0 546000 546000 288000 288000 16700 16700 0 471000 471000 5961000 3791000 1998000 172000 86000 83000 3000 5142000 3927000 647000 568000 3781000 2357000 1421000 3000 0 6051000 4897000 1154000 3808000 3174000 370000 264000 0 859000 632000 66000 161000 12330000 11590000 740000 0 11698000 9943000 1755000 754000 679000 75000 PURCHASES FOR RESALE 3617000 3617000 LIBRARY MATERIALS 2763000 2763000 FACILITIES MAINT. 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X X X X false false true X 1392760000 21497000 -19070000 22736000 27236000 5234000 1339981000 1216030000 49184000 176205000 20423000 24768000 3468000 1392760000 1038640000 24142000 198297000 18135000 23423000 3491000 1216030000 902364000 32465000 145485000 16808000 21283000 3583000 1038640000 904215000 15333000 23186000 16543000 21341000 2486000 902364000 0.08080 0.36310 0.55610 false false 5228000 5228000 343422000 113239000 230183000 786000 492000 294000 38489000 26898000 11591000 16871000 7459000 9412000 256708000 FIXED INCOME 23510000 F EQUITIES 318153000 F ABSOLUTE RETURN 539856000 F ALTERNATIVE INVESTMENTS 533716000 F 1415235000 0 LIABILITY: POST-RETIREMENT BENEFIT 18250000 ASSET RETIREMENT OBLIGATION 1453000 LIABILITY FOR PV OF LIFE INCOME 16381000 FAIR VALUE OF INTEREST RATE SWAP 8970000 TAXABLE BOND LIABILITIES 146643000 191697000 X 121558000 -95146000 -3280000 -98426000 219984000 5234000 -45000 5189000 225173000 190789000 45000 45000 190744000 5234000 5234000 195978000 ORGANIZATIONS MAINTAINING COLLECTIONS PART III, LINE 1A THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. ORGANIZATION'S COLLECTIONS PART III, LINE 4 COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. CUSTODIAL ACCOUNTS PART IV, LINE 2B THE COLLEGE SERVES AS THE AGENT INSTITUTION FOR THE INTERCOLLEGIATE SRI LANKA EDUCATION PROGRAM: $431,000; SECURITY DEPOSITS ON RENTAL PROPERTIES: $15,000 ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES FOR FUTURE GENERATIONS OF BOWDOIN STUDENTS. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XI, LINE 2D NET UNREALIZED LOSS ON INTEREST RATE SWAP ($2,785,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($1,339,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $1,724,000 LOSS ON ASSET RETIREMENT OBLIGATION ($20,000) UNCOLLECTIBLE PLEDGES ($860,000) -------------- TOTAL ($3,280,000) OTHER REVENUE INCLUDED ON FORM 990 NOT IN F/S PART XI, LINE 4B DIRECT EXPENSES FOR FUNDRAISING EVENTS ($45,000) OTHER EXPENSE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XII, LINE 2D DIRECT EXPENSES FOR FUNDRAISING EVENTS $45,000 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE ACADEMIC HANDBOOK CONTAINS A STATEMENT OF BOWDOIN COLLEGE'S NON-DISCRIMINATION POLICY. THE ACADEMIC HANDBOOK IS PUBLISHED ONLINE AT THE COLLEGE'S WEBSITE - WWW.BOWDOIN.EDU/ACADEMIC-HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL AID PART I, LINE 6A THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS AND COLLEGE WORK STUDY PROGRAMS. true East Asia and the Pacific Grantmaking 29000 Europe (Including Iceland and Greenland) Grantmaking 331000 North America Grantmaking 2000 Central America and the Caribbean Investments 720579000 East Asia and the Pacific Investments 3000 Europe (Including Iceland and Greenland) Investments 8075000 South America Investments 1000 Sub-Saharan Africa Investments 18014000 Europe (Including Iceland and Greenland) Fundraising 4000 Central America and the Caribbean Program Services SEE PART V 3000 East Asia and the Pacific Program Services SEE PART V 30000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 8000 Europe (Including Iceland and Greenland) Program Services SEE PART V 74000 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 2000 North America Program Services SEE PART V 29000 North America Program Services STUDENT RECRUITMENT 1000 North America 1 1 Program Services SCIENTIFIC STATION 2000 South America Program Services SEE PART V 1000 South America Program Services STUDENT RECRUITMENT 3000 South Asia Program Services SEE PART V 1000 1 1 1 1 747187000 5000 747192000 FINANCIAL AID East Asia and the Pacific 4 29000 WIRE TRANSF FINANCIAL AID Europe (Including Iceland and Greenland) 26 331000 WIRE TRANSF FINANCIAL AID North America 1 2000 WIRE TRANSF true false true true true false MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASEDDETERMINED THROUGH ANALYSIS OF A FAMILYS INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARDS CSS/FINANCIAL AID PROFILE FORM, FEDERAL FAFSA AND THE FAMILYS FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED SCHOLARSHIPS. THE COLLEGE MAINTAINS A FINANCIAL AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. PROGRAM SERVICE ACTIVITIES PART I, LINE 3, COLUMN E PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. BASIS OF ACCOUNTING PART I, LINE 3, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. Golf Tourney 132000 92000 40000 9000 35000 1000 0 132000 92000 40000 9000 35000 1000 45000 -5000 true TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 999999999 GOV'T 143000 CONTRIBUTION CONTRIBUTION CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(c)(3) 10000 CONTRIBUTION CONTRIBUTION CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 9000 CONTRIBUTION CONTRIBUTION CONTRIBUTION 3 FINANCIAL AID FOR UNDERGRADUATE STUDENTS 842 33042000 STUDENT RESEARCH FELLOWSHIPS 480 1091000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 108 482000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 249 176000 MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASEDDETERMINED THROUGH ANALYSIS OF A FAMILYS INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARDS CSS/FINANCIAL AID PROFILE FORM, FEDERAL FAFSA AND THE FAMILYS FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED SCHOLARSHIPS. THE COLLEGE MAINTAINS A FINANCIAL AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X X X true true X X X X true false false false false false false true false CLAYTON ROSE PRESIDENT 229564 0 0 0 61420 0 0 0 16438 0 307422 0 0 0 SCATHERINE LONGLEY SVP FINANCE & ADMIN/TREASURER 304703 0 0 0 25497 0 67353 0 27169 0 424722 0 7778 0 PAULA VOLENT SVP FOR INVESTMENTS 1171670 0 1000000 0 5450 0 40482 0 27076 0 2244678 0 0 0 RICHARD GANONG SVP FOR DVT & ALUMNI RELATIONS 294718 0 0 0 2034 0 39107 0 23922 0 359781 0 0 0 CRISTLE COLLINS JUDD DEAN FOR ACADEMIC AFFAIRS 168671 0 0 0 125066 0 32036 0 20673 0 346446 0 0 0 SCOTT MEIKLEJOHN DEAN OF ADMISSIONS & STDT AID 214035 0 0 0 27295 0 51326 0 11495 0 304151 0 7778 0 MITCHEL DAVIS CHIEF INFORMATION OFFICER 198323 0 0 0 20713 0 49385 0 22065 0 290486 0 7778 0 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 199138 0 0 0 18896 0 49941 0 30358 0 298333 0 7778 0 JENNIFER SCANLON INTERIM DEAN ACADEMIC AFFAIRS 188641 0 0 0 11721 0 30719 0 28494 0 259575 0 0 0 SCOTT HOOD SVP COMM & PUBLIC AFFAIRS 172681 0 0 0 20584 0 42082 0 6052 0 241399 0 0 0 SARA ORR ASSOC DIR OF PRIVATE EQUITY 154160 0 120000 0 550 0 36477 0 768 0 311955 0 0 0 WILLIAM WATTERSON FACULTY 71199 0 0 0 168796 0 11735 0 4837 0 256567 0 0 0 PATSY DICKINSON FACULTY 202946 0 0 0 2750 0 31000 0 21703 0 258399 0 0 0 ELIZABETH ORLIC VP & ASSISTANT TO PRESIDENT 188849 0 0 0 5697 0 28044 0 22772 0 245362 0 0 0 TAMA SPOERRI VP OF HUMAN RESOURCES 172090 0 0 0 19674 0 42936 0 24651 0 259351 0 0 0 BARRY MILLS FORMER PRESIDENT 221581 0 0 0 78833 0 5934 0 29056 0 335404 0 0 0 BENEFITS PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: AS A RESULT OF WEATHER-RELATED COMMERCIAL AIRLINE CANCELLATIONS, A FLIGHT WAS CHARTERED FOR OFFICERS AND KEY EMPLOYEES DURING FINAL STAGES OF THE PRESIDENTIAL SEARCH. UNDER THE COLLEGES TRAVEL AND EXPENSE REIMBURSEMENT POLICY, CHARTER TRAVEL MAY BE USED ONLY UNDER EXCEPTIONAL CIRCUMSTANCES WITH APPROVAL OF SENIOR ADMINISTRATION. THE CHARTER WAS NOT TREATED AS COMPENSATION. TRAVEL FOR COMPANIONS: SPOUSAL/PARTNER TRAVEL IS PERMISSIBLE IN INSTANCES WHERE THE PRESENCE OF A SPOUSE/PARTNER IS REQUIRED TO FURTHER A COLLEGE PURPOSE. THE AMOUNTS ARE COVERED UNDER THE COLLEGE'S EXPENSE REIMBURSEMENT POLICY. DURING THE TAX YEAR, THE ATTENDANCE OF THE PRESIDENT'S SPOUSE WAS REQUIRED AT CERTAIN COLLEGE EVENTS. RELATED TRAVEL COSTS WERE NONTAXABLE. GROSS-UP PAYMENTS: OUTGOING PRESIDENT BARRY MILLS RECEIVED A FAREWELL GIFT. THE GIFT WAS TREATED AS TAXABLE COMPENSATION. OUTGOING DEAN FOR ACADEMIC AFFAIRS CRISTLE COLLINS JUDD RECEIVED FAREWELL GIFTS. THE GIFTS WERE TREATED AS TAXABLE COMPENSATION. SCOTT HOOD AND WILLIAM WATTERSON RECEIVED GROSS-UP PAYMENTS ON TAXABLE LENGTH OF SERVICE AWARDS. ELI ORLIC RECEIVED A GROSS UP PAYMENT ON TAXABLE RECOGNITION OF EFFORT AWARD. HOUSING ALLOWANCE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE PROPORTIONATE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR PRESIDENT CLAYTON ROSE AND OUTGOING PRESIDENT BARRY MILLS. SOCIAL CLUB DUES: SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF THE SVP FOR INVESTMENTS AND THE DEAN FOR ACADEMIC AFFAIRS DURING CALENDAR YEAR 2015. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUBS ARE USED TO CONDUCT COLLEGE BUSINESS ONLY. SEVERANCE OR CHANGE OF CONTROL PAYMENTS PART I, LINE 4A CRISTLE COLLINS JUDD RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $75,000. WILLIAM WATTERSON RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $167,120. AN OFFICER AND A KEY EMPLOYEE OF THE COLLEGE EACH HAVE AN EMPLOYMENT AGREEMENT WITH A CONDITIONAL SEVERANCE CLAUSE. NON-FIXED PAYMENTS PART I, LINE 7 A KEY EMPLOYEE IN THE INVESTMENT OFFICE HAS AN INCENTIVE PERFORMANCE-RELATED BONUS BASED IN PART ON THE INVESTMENT PERFORMANCE OF THE BOWDOIN COLLEGE ENDOWMENT. COMPENSATION PART II A PORTION OF THE COMPENSATION AMOUNT REPORTED FOR PATSY DICKINSON IS ATTRIBUTABLE TO SUPPLEMENTAL SALARY EARNED ON EXTERNALLY FUNDED RESEARCH AWARDS. A MAINE HHEFA 010314384 5604253P3 2009-05-14 97207250 REFUNDING/CONSTRUCTION-SEE PART VI false false false B MAINE HHEFA 010314384 560425W30 2008-03-24 20700000 REFUNDS 2007 ISSUE DATED 6/6/07 false false false A 0 0 97207250 0 603892 0 875830 0 0 1858988 93868540 0 2012 true true true true B 0 0 20700000 0 0 0 200000 0 0 0 20500000 0 2009 true false true true A false true false false 0.00880 0.00000 0.00880 false false false true B false true false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true B false false false true true false 0 false 0 false true A true B true TAX EXEMPT BONDS PART I, LINE A, COLUMN F REFUND PRIOR BOND ISSUES 1995B ISSUED 7/25/95, 1998A ISSUED 3/18/98, 1998C ISSUED 11/19/98, 2001C ISSUED 5/15/01, 2003B ISSUED 7/24/03, 2005A ISSUED 8/17/05, 2006B ISSUED 4/6/06. OTHER SPENT PROCEEDS PART II, LINE 11, COLUMNS A&B THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS NO LONGER IN ESCROW. LEASE ARRANGEMENTS PART III, LINE 2, COLUMN B WHILE THERE ARE LEASES ASSOCIATED WITH THIS BOND FINANCED PROPERTY THE EQUITY CONTRIBUTION TO EACH PROJECT EXCEEDS THE AMOUNT OF PRIVATE BUSINESS USE. REBATE COMPUTATION PART IV, LINE 2C BOND A REBATE COMPUTATION DATE 6/13/14. BOND B REBATE COMPUTATION DATE 4/29/13. NA N/A 8500 scholarship benefit NA N/A 1600 fellowship education DAUGHTER OF TRUSTEE TRUSTEE- L. COTTON 55000 COMPENSATION false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- S. HOOD 142000 COMPENSATION false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- T. FOSTER 71000 COMPENSATION false X 922 SEE PART II X 1 25000 See Part II X 153 8676000 See Part II X 1 1 See Part II 17 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. NON-CASH CONTRIBUTIONS PART I, LINE 7 1 GIFT OF A BOAT WAS RECORDED AT THE APPRAISED VALUE. PART I, LINE 9 145 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 8 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. PART I, LINE 11 THE COLLEGE RECEIVED A .25% INTEREST IN THE CAPITAL ACCOUNT OF A PRIVATE REAL ESTATE PARTNERSHIP. AS OF JUNE 30,2016, THE VALUE OF THE INTEREST WAS UNKNOWN. AS SUCH, THE GIFT WAS VALUED AT $1.00. ART - WORKS OF ART PART I, LINE 33 THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. ORGANIZATION'S MISSION CORE FORM 990, PART I, LINE 1 AND PART III, LINE 1 IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. FORM 990 REVIEW PROCESS CORE FORM 990, PART VI, SECTION B, LINE 11B IN APRIL, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE PRESIDENT AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER FOR THOROUGH REVIEW IN ADVANCE OF REGULARLY SCHEDULED BOARD OF TRUSTEES MEETINGS AND FILING WITH THE INTERNAL REVENUE SERVICE(IRS) IN MAY. SUBSEQUENT TO THIS REVIEW, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD, CHAIR OF THE AUDIT COMMITTEE, AND THE CHAIR OF THE DEVELOPMENT COMMITTEE. ALL OTHER TRUSTEES ARE PROVIDED A PUBLIC DISCLOSURE COPY OF FORM 990 FOR REVIEW. THE SCHEDULE B AS FILED WITH THE IRS IS AVAILABLE TO ALL TRUSTEES, UPON REQUEST ONLY, AT THE BOARD OF TRUSTEES MEETINGS IN MAY. THE FORM 990 IS FILED WITH THE IRS AFTER THE TRUSTEES REVIEW AND APPROVE THE FORM AT THESE MEETINGS. CONFLICT OF INTEREST POLICY CORE FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. SURVEYS ARE REVIEWED BY THE PRESIDENT, THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION & TREASURER, AND THE LEGAL COMPLIANCE OFFICER AND ASSISTANT SECRETARY OF THE COLLEGE. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT COMMITTEE AND TO THE BOARD OF TRUSTEES. ISSUES ARE DISCUSSED WITH LEGAL COUNSEL. COMPENSATION POLICY CORE FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. PUBLIC DISCLOSURE CORE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS OR FUND BALANCES CORE FORM 990, PART XI, LINE 9 NET UNREALIZED LOSS ON INTEREST RATE SWAP ($2,785,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($1,339,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $1,724,000 LOSS ON ASSET RETIREMENT OBLIGATION ($20,000) UNCOLLECTIBLE PLEDGES ($860,000) ---------- TOTAL ($3,280,000) POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME 0 112038455 BOWDOIN TP PARTNERSHIP PO BOX 770 ASHLAND KY 41105 550648835 INVESTING KY NA EXCL. 512, 513, 514 1 45403 false 1 true 0.56022 POOLED INCOME FUNDS (3) INVESTING BOWDOIN Trust true CHARITABLE REMAINDER TRUSTS (7) INVESTING BOWDOIN Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND A s 274166 FMV POOLED INCOME FUND B s 2908794 FMV POOLED INCOME FUND C s 233745 FMV CHARITABLE REMAINDER UNITRUST s 4608000 FMV POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED PART IV THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 7 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 6 ARE DOMICILED IN MAINE AND 1 IN CONNECTICUT.