2017-05-15T10:34:29-05:00 2016-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2015-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED % SHELLEY NAVARI CHAM 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 SHELLEY NAVARI VP OF FINANCE 8028656405 2017-05-11 true MARY-EVELYN ANTONETTI P00431862 8605223200 2015 2021-01-29 14:40:06Z SHELLEY L NAVARI 163 SOUTH WILLARD STREET BURLINGTON VT 05401 126900640 false X WWW.CHAMPLAIN.EDU X 1878 VT CHAMPLAIN COLLEGE IS A PRIVATE BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS, (SEE SCH O) 29 28 1896 33 506734 -223175 2649994 2670185 99160038 114712222 2927379 1331702 1760569 1813485 106497980 120527594 23232844 30623793 0 0 42988904 47264556 0 0 1496687 36126883 36789348 102348631 114677697 4149349 5849897 193069485 195140768 66235025 64287921 126834460 130852847 X CHAMPLAIN COLLEGE IS A PRIVATE, BACCALAUREATE INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS, (SEE SCH O) false false 74775005 30492855 78403348 UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE ACADEMIC DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE DIVISIONS, THE COLLEGE HAS SEVEN CENTERS OF EXCELLENCE INCLUDING BRING YOUR OWN BUSINESS, THE CENTER FOR FINANCIAL LITERACY, THE PATRICK LEAHY CENTER FOR DIGITAL INVESTIGATION, THE EMERGENT MEDIA CENTER, THE CHAMPLAIN COLLEGE PUBLISHING INITIATIVE, THE GAME STUDIO AND THE DAVID L. COOPERRIDER CENTER FOR APPRECIATIVE INQUIRY. CHAMPLAINS CENTERS OF EXCELLENCE ON-CAMPUS LEARNING CENTERS IN STUDIO-LIKE ENVIRONMENTS IN WHICH STUDENTS ACROSS MAJORS WORK ON PROFESSIONAL PROJECTS PUT CHAMPLAINS STUDENTS CLASSROOM KNOWLEDGE TO THE TEST THROUGH PRACTICAL APPLICATION ON REAL PROJECTS. THE COLLEGE CURRENTLY HAS OVER 2,200 TRADITIONAL UNDERGRADUATE STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. 12268219 130938 18219693 GRADUATE AND CONTINUING PROFESSIONAL STUDIES- THE MISSION OF CHAMPLAINS GRADUATE STUDIES IS TO PROVIDE CURRENT AND ASPIRING PROFESSIONALS WITH INNOVATIVE PROGRAMS THAT EMBRACE REFLECTIVE LEARNING, EXPAND PROFESSIONAL EXPERTISE, INSPIRE CREATIVE AND CRITICAL THINKING, AND INFUSE THE JOY OF LIFELONG LEARNING. THE COLLEGE HAS TWELVE GRADUATE PROGRAMS, OFFERING MASTER DEGREES IN BUSINESS ADMINISTRATION, EMERGENT MEDIA, DIGITAL FORENSIC MANAGEMENT, DIGITAL FORENSIC SCIENCE, MANAGING INNOVATION & IT, INFORMATION SECURITY OPERATIONS, MEDIATION & APPLIED CONFLICT STUDIES, LAW, HEALTHCARE MANAGEMENT, EXECUTIVE LEADERSHIP AND EARLY CHILDHOOD EDUCATION. ADDITIONALLY, THE COLLEGE HAS BEGUN THE PROCESS OF TEACHING OUT THE MS IN DIGITAL FORENSIC MANAGEMENT AND THE MS IN MANGING INNOVATION & IT. THE COLLEGE HAS A PROSPERING DIVISION OF CONTINUING PROFESSIONAL STUDIES (CPS) THAT OFFERS ADULT ONLINE DEGREE PROGRAMS IN FIELDS WITH HIGH EMPLOYMENT GROWTH AND A GENERAL EDUCATION CURRICULUM DESIGNED TO ENHANCE PROFESSIONAL SKILLS. CPS PROGRAMS ARE TAILORED TO THE NEEDS OF AN ADULT STUDENT POPULATION; THEY TAKE INTO ACCOUNT THE VALUE OF PRIOR EDUCATION AND PROFESSIONAL EXPERIENCES AS WELL AS MORE LIFE PERSPECTIVES. CPS ALSO HOUSES THE COLLEGES TRU-ED PROGRAM. TRUED IS A BOLD REIMAGING OF WORKFORCE DEVELOPMENT THAT CREATES OPPORTUNITIES FOR ADULTS TO FURTHER THEIR EDUCATION IN CHAMPLAIN COLLEGES AWARD-WINNING ONLINE ACADEMIC PROGRAMS AND BRINGS EASY-TO-DEPLOY, TALENT MANAGEMENT SOLUTIONS TO EMPLOYERS. THROUGH STRATEGIC ALLIANCES WITH LEADING ORGANIZATIONS IN GOVERNMENT AND INDUSTRY, CHAMPLAIN COLLEGE ONLINE DELIVERS AN AFFORDABLE, ACCESSIBLE AND IMMEDIATELY APPLICABLE TO HIGHER EDUCATION TO HELP EMPLOYEES GAIN THE SKILLS AND KNOWLEDGE NEEDED TO ENHANCE THEIR CAREERS AND ACHIEVE THEIR ORGANIZATIONS BUSINESS OBJECTIVES. 11102022 18223008 AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 19 TRADITIONAL RESIDENCE HALLS AND 7 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHITECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE MUCH CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOULL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. A CORNERSTONE OF THE COLLEGES MASTER PLAN IS TO HOUSE 90% OF THE COLLEGES STUDENT BODY ON CAMPUS. CHAMPLAIN BELIEVES THAT PROVIDING HOUSING ENABLES THE COLLEGE TO PROVIDE STUDENTS WITH A MORE WELL-ROUNDED EDUCATIONAL EXPERIENCE. THE COLLEGE OPERATES A CONFERENCE AND EVENT CENTER WHICH OFFERS A VENUE FOR SPECIAL EVENTS, MEETINGS AND CONFERENCES. ADDITIONALLY, THE COLLEGES BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). 98145246 true true false false false false false false false true true false false false true true false true true true true false true false false false false false true true true false false false false false false false false false true true false false false false true true true false false true X 211 0 true 1896 true true true true CA EI false false false false false false false false X 29 28 false false false false false false false true true false false true true true true true true true true false VT X SHELLEY NAVARI 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 NICOLE CARIGNAN TRUSTEE 4/8/2016 1.0 X 0 0 0 ROBERT BOTJER TRUSTEE (ROTATED OFF) 1.0 X 0 0 0 GEORGE BURRILL TRUSTEE 1.0 X 0 0 0 JON WETTSTEIN TRUSTEE 4/8/2016 1.0 X 0 0 0 SCOTT CARPENTER TRUSTEE 1.0 X 0 0 0 TOM CULLINS TRUSTEE 1.0 X 0 0 0 LAURA DAGAN TRUSTEE 1.0 X 0 0 0 MOLLY DILLON TRUSTEE 1.0 X 0 0 0 RICK DAVIS TRUSTEE 1.0 X 0 0 0 MARY EVSLIN TRUSTEE 1.0 X 0 0 0 JOAN GIGNOUX TRUSTEE (ROTATED OFF) 1.0 X 0 0 0 CHARLES KITTREDGE TRUSTEE 1.0 X 0 0 0 NEALE LUNDERVILLE TRUSTEE 1.0 X 0 0 0 DALE METZ TRUSTEE 1.0 X 0 0 0 MICHAEL METZ TRUSTEE 1.0 X 0 0 0 EMILY MORROW TRUSTEE (ROTATED OFF) 1.0 X 0 0 0 MARK NEAGLEY TRUSTEE 1.0 X 0 0 0 JUDY O'CONNELL TRUSTEE 1.0 X 0 0 0 MARY POWELL TRUSTEE 1.0 X 0 0 0 PETER STERN TRUSTEE 1.0 X 0 0 0 MICHAEL SULLIVAN TRUSTEE (ROTATED OFF) 1.0 X 0 0 0 RICH TARRANT TRUSTEE 1.0 X 0 0 0 DAVID STILLER TRUSTEE 1.0 X 0 0 0 SARAH TISCHLER TRUSTEE 1.0 X 0 0 0 TERENCE BREEN TRUSTEE 1.0 X 0 0 0 MARGUERITE DIBBLE TRUSTEE 1.0 X 0 0 0 DANIEL BOARDMAN TRUSTEE 1.0 X 0 0 0 KENNETH PALM TRUSTEE 1.0 X 0 0 0 DONALD J LAACKMAN PRESIDENT 40.0 X X 447486 0 74068 LISA GROENEVELD TRUSTEE 1.0 X 0 0 0 CATHERINE MORGAN TRUSTEE (ROTATED OFF) 1.0 X 0 0 0 JULIE SNOW TRUSTEE 1.0 X 0 0 0 JANE SWIFT TRUSTEE 1.0 X 0 0 0 DAVID WINSLOW TRUSTEE 1.0 X 0 0 0 DAVID PROVOST SENIOR VICE PRESIDENT 40.0 X 389250 0 65825 SHELLEY NAVARI TREASURER 40.0 X 189911 0 23241 KATHERINE HAWLEY VICE PRESIDENT/SECRETARY 40.0 X 193441 0 32844 LAURIE QUINN Chief Academic Officer/PROVOST 40.0 X 238513 0 47281 LESLIE AVERILL VICE PRESIDENT 40.0 X 201483 0 37751 MARY LEE VICE PRESIDENT 40.0 X 202686 0 43322 CATHERINE O'ROURKE VICE PRESIDENT 40.0 X 227878 0 29312 JAYSON BOYERS VICE PRESIDENT 40.0 X 188764 0 31751 LYNNE BALLARD ASSOCIATE PROVOST 40.0 X 177830 0 36960 JAMES CROSS ASSOCIATE PROVOST 40.0 X 152629 0 24443 PAULA WILLOQUET-MARICONDI DEAN 40.0 X 159810 0 24848 LINDSEY GODWIN DIRECTOR AND PROFESSOR 40.0 X 172065 0 19931 DEAN LAWSON PROFESSOR 40.0 X 152892 0 32269 ROBIN ABRAMSON FORMER PROVOST 40.0 X 130422 0 37784 3225060 0 561630 52 true true false JANITECH 158 BRENTWOOD DRIVE 7 COLCHESTER VT 05446 CUSTODIAL 475193 CBMVT LLC PO BOX 3417 BURLINGTON VT 05408 CUSTODIAL 643288 NCS PEARSON INC 13036 COLLECTION CENTER DRIVE CHICAGO IL 60693 CONSULTANT 709546 SODEXO 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE MGMT 3975971 XEROX BUSINESS SERVICES PO BOX 201322 DALLAS TX 75320 CONSULTANT 896878 12 X 605066 2065119 27875 2670185 TUITION & FEES 611710 96623041 96623041 DORMITORY AND DINING FEES 721310 18034127 18034127 BOOKSTORE RECEIPTS 451211 55054 55054 114712222 1414148 1414148 0 0 100900 100900 0 100900 100900 3785917 2504683 4184053 2188993 -398136 315690 -82446 -82446 0 0 0 CONFERENCE & EVENT CENTER 518891 12157 506734 PARKING FEES 480000 121670 121670 OTHER INCOME 900099 1072024 1072024 1712585 120527594 114846049 506734 2504626 0 30459943 30459943 163850 163850 0 2494229 839748 1310265 344216 0 33907149 28735433 4722572 449144 2612282 2228105 354636 29541 5674694 4675258 892149 107287 2576202 2072170 451184 52848 0 175499 175499 128969 128969 0 0 145184 145184 244759 244530 229 933473 885134 48339 1833471 1086262 718779 28430 1861016 1861016 0 6508786 6508786 1049402 743015 227934 78453 0 0 1520503 1452067 54749 13687 0 5136612 3979177 1056512 100923 684443 270572 413871 MEAL EXPENSES 3308594 3308594 CONTRACTUAL SERVICES 2771868 2211192 491121 69555 STUDENT ACTIVITIES/ACADEMIC SU 2363601 2104653 258948 RENOVATION & OTH PROJECTS 1990504 1990504 6132664 4186253 1724037 222374 114677697 98145246 15035764 1496687 X 0 0 15695785 12357895 6573139 4947176 703846 1377415 0 0 0 0 2711899 2695138 0 0 2947966 2158631 174168288 46489016 126106245 127679272 30850818 37065255 5191780 5031858 2288007 1828128 0 0 0 0 193069485 195140768 7004314 6943799 0 0 6236918 7754926 49799361 46494642 0 0 0 0 554882 486340 0 0 2639550 2608214 66235025 64287921 X 96340707 103092255 15022919 11921608 15470834 15838984 126834460 130852847 193069485 195140768 X 5849897 -832934 -412767 -585809 X false true X true true true X 3522146 12869616 6444618 2649994 2670185 28156559 0 0 3522146 12869616 6444618 2649994 2670185 28156559 9353454 18803105 992831 1141994 1301277 1949437 1515048 6900587 23843 23843 706191 704587 870577 1163864 1205851 4651070 39732059 476714256 0.47325 0.50234 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16244196 1778052 -13891 391884 201984 17414489 14613080 1880019 312036 407767 153172 16244196 11080417 2211041 1790600 346474 122504 14613080 10187201 273970 1021383 324042 78095 11080417 10634361 210941 -214253 295437 148411 10187201 0.02890 0.71490 0.25620 false false 4006650 4006650 155026069 36322834 118703235 386302 302603 83699 11862317 9247361 2614956 2886950 616218 2270732 127679272 0 U.S. GOVERNMENT GRANTS 1665669 LIAB. UNDER TRUST AND ANNUITY 942545 2608214 X 90690221 -832934 -29004439 -29837373 120527594 120527594 86130424 2076520 2076520 84053904 30623793 30623793 114677697 PART V, LINE 4 THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 57 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE FINANCIAL AID FOR STUDENTS, ACADEMIC SUPPORT FOR PROGRAMS AND FACILITIES, AND STUDENT SERVICE PROGRAM SUPPORT. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BASED ON THE POLICIES ADOPTED, THE BOARD OF TRUSTEES MAY APPROVE AND DISTRIBUTE UP TO 5% OF THE VALUE OF THE FUNDS ANNUALLY. THE VALUE OF THE FUNDS IS THE AVERAGE YEAR END VALUE OF THE FUND FOR THE PREVIOUS THREE CALENDAR YEARS. PART X, LINE 2 FIN 48 (ASC740) THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(a) OF THE CODE. ASC 740, INCOME TAXES, PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. ASC 740 PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITIONS WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF AN EXAMINATION BY THE TAX AUTHORITIES. THE COLLEGE HAS NO EXAMINATION IN PROGRESS AND BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D REVENUE IN FINANCIAL STATEMENTS NOT ON RETURN CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ (8,302) SWAP VALUATION $ (786,554) CHANGE IN ALLOWANCE FOR CONTRIBUTIONS RECEIVABLE $ 209,047 FINANCIAL AID $(31,858,216) FOREIGN ENTITIES $ 3,439,586 ____________ $(29,004,439) PART XII, LINE 2D EXPENSES IN FINANCIAL STATEMENTS NOT IN RETURN FOREIGN ENTITIES $ 2,076,520 PART XII, LINE 4B EXPENSES IN RETURN PRESENTED IN NET REVENUE ON THE FINANCIAL STATEMENTS FINANCIAL AID EXCLUDING FOREIGN ENTITIES $30,623,793 true true true true true true true false false false false false false false false true false true PART I, LINE 3 CHAMPLAIN ENDEAVORS TO BE A DIVERSE AND WELCOMING COMMUNITY AND INVITES APPLICATIONS FROM MEMBERS OF ANY GROUP THAT HAS HISTORICALLY BEEN UNDERREPRESENTED. THE COLLEGE ASSURES EQUAL EDUCATION AND EMPLOYMENT OPPORTUNITY AND PROHIBITS DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, SEXUAL ORIENTATION, AGE, OR DISABILITY. THIS POLICY IS INCLUDED IN THE FACULTY HANDBOOK, COLLEGE CATALOGS, THE HUMAN RESOURCE WEBSITE, JOB POSTINGS, AND APPLICATION FORMS. PART I, LINE 6A THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. true Europe (Including Iceland and Greenland) Program Services FOREIGN CAMPUS INVEST 614280 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 133660 East Asia and the Pacific Program Services STUDY ABROAD 206651 South America Program Services STUDY ABROAD 102192 South Asia Program Services STUDY ABROAD 16700 North America Program Services FOREIGN CAMPUS INVEST 1213848 East Asia and the Pacific Program Services FINANCIAL AID 37350 Europe (Including Iceland and Greenland) Program Services FINANCIAL AID 66750 Middle East and North Africa Program Services FINANCIAL AID 27250 North America Program Services FINANCIAL AID 4500 Russia and the Newly Independent States Program Services FINANCIAL AID 28000 2451181 2451181 FINANCIAL AID North America 1 4500 FINANCIAL AID East Asia and the Pacific 5 37350 FINANCIAL AID Europe (Including Iceland and Greenland) 6 66750 FINANCIAL AID Russia and the Newly Independent States 1 28000 FINANCIAL AID Middle East and North Africa 7 27250 true false true false false true PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO INTERNATIONAL STUDENTS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTARTED FINANCIAL NEED. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. true INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE 2269 30024355 SEOG FINANCIAL AID 805 304650 INSTITUTIONAL SCHOLARSHIPS - GRADUATE 30 130938 PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS IN THE U.S. CHAMPLAIN OFFERS BOTH MERIT AID AND NEED-BASED AID. MERIT SCHOLARSHIPS ARE RENEWED ANNUALLY PROVIDED THE STUDENT IS ENROLLED FULL-TIME AND MEETS ALL ACADEMIC STANDARDS. NEED-BASED SCHOLARSHIPS ARE RENEWED ANNUALLY BASED ON FINANCIAL NEED; THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM MUST BE COMPLETED IN ORDER TO BE CONSIDERED FOR THESE AWARDS. THE FINANCIAL AID OFFICE MONITORS STUDENTS TO ENSURE CONTINUED ELIGIBILITY FOR THE TYPE OF AID THEY ARE RECEIVING. AT THE END OF EACH SEMESTER (FALL, SPRING, SUMMER), EVERY FINANCIAL AID RECIPIENTS PROGRESS IS REVIEWED BY THE OFFICE OF FINANCIAL AID. STUDENTS ARE MEASURED USING BOTH QUALITATIVE AND QUANTITATIVE STANDARDS. THE PURPOSE OF THIS REVIEW IS TO MEASURE WHETHER A STUDENT IS MAKING SATISFACTORY ACADEMIC PROGRESS TOWARDS GRADUATION. THESE STANDARDS APPLY TO ALL TYPES OF FINANCIAL AID: FEDERAL, STATE AND INSTITUTIONAL AID. STUDENTS WHO FAIL TO MEET THE SATISFACTORY ACADEMIC PROGRESS REQUIREMENTS MAY BECOME INELIGIBLE TO RECEIVE FINANCIAL AID UNTIL THEY ARE IN COMPLIANCE WITH THESE REQUIREMENTS. X X X true true X X X X X false false false false false false false true false DAVID PROVOST SENIOR VICE PRESIDENT 277010 0 107500 0 4740 0 44500 0 21325 0 455075 0 0 0 SHELLEY NAVARI TREASURER 155984 0 32000 0 1927 0 19109 0 4132 0 213152 0 0 0 KATHERINE HAWLEY VICE PRESIDENT/SECRETARY 159304 0 32000 0 2137 0 24206 0 8638 0 226285 0 0 0 ROBIN ABRAMSON FORMER PROVOST 105435 0 0 24987 0 14865 0 22919 0 168206 0 0 0 LAURIE QUINN Chief Academic Officer/PROVOST 182540 0 54000 0 1973 0 24567 0 22714 0 285794 0 0 0 LESLIE AVERILL VICE PRESIDENT 158367 0 41000 0 2116 0 19259 0 18492 0 239234 0 0 0 LYNNE BALLARD ASSOCIATE PROVOST 165020 0 0 0 12810 0 25463 0 11497 0 214790 0 0 0 JAMES CROSS ASSOCIATE PROVOST 149718 0 0 0 2911 0 15255 0 9188 0 177072 0 0 0 MARY LEE VICE PRESIDENT 157656 0 42500 0 2530 0 18248 0 25074 0 246008 0 0 0 PAULA WILLOQUET-MARICONDI DEAN 156514 0 0 0 3296 0 15910 0 8938 0 184658 0 0 0 DONALD J LAACKMAN PRESIDENT 346350 0 87500 0 13636 0 26500 0 47568 0 521554 0 0 0 CATHERINE O'ROURKE VICE PRESIDENT 186454 0 27900 0 13524 0 21574 0 7738 0 257190 0 0 0 LINDSEY GODWIN DIRECTOR AND PROFESSOR 171805 0 0 0 260 0 17431 0 2500 0 191996 0 0 0 JAYSON BOYERS VICE PRESIDENT 112535 0 75000 0 1229 0 19172 0 12579 0 220515 0 0 0 DEAN LAWSON PROFESSOR 146130 0 0 0 6762 0 9329 0 22940 0 185161 0 0 0 PART I, LINE 1 BENEFITS ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE PRESIDENTS COMPANION SHALL ONLY BE REIMBURSED WHEN EXPENSES ARE INCURRED WHILE CONDUCTING THE BUSINESS OF THE COLLEGE. AS A CONDITION OF EMPLOYMENT, THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THESE AMOUNTS ARE INCLUDED IN COLUMN (D) AS A NON-TAXABLE BENEFIT. ACCORDING TO THE COLLEGE'S WRITTEN CONTRACT WITH THE PRESIDENT, THE COLLEGE MAY REIMBURSE THE PRESIDENT FOR HEALTH/SOCIAL CLUB DUES, WHICH IS ALSO INCLUDED IN THE INDIVIDUAL'S W-2. ADDITIONALLY, THE SENIOR VICE PRESIDENT ALSO RECEIVES REIMBURSEMENT OF HEALTH CLUB DUES AND IT IS ALSO INCLUDED IN THE INDIVIDUAL'S W-2. THE COLLEGE MAY PROVIDE HOUSING ARRANGEMENTS TO NEW OFFICERS OF THE COLLEGE UPON HIRE ON A TEMPORARY BASIS. THE DIFFERENCE BETWEEN RENT PAID BY THE OFFICER AND THE FAIR MARKET VALUE OF RENTING A SIMILAR FACILITY IN THE SAME AREA IS TAXABLE TO THE INDIVIDUAL AND INCLUDED ON THEIR W-2. PART I, LINE 3 COMPENSATION SEE SCHEDULE O PART I, LINE 7 NON-FIXED PAYMENTS THE BONUSES FOR ALL OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE COMPENSATION COMMITTEE AND ARE DISCRETIONARY. A VEHBFA (SERIES 2009) 237154467 2009-06-09 12000000 CONSTRUCTION false false false B VEHBFA (SERIES 2010A) 237154467 2010-12-13 8971117 REFUND 2003 BONDS false false false C VEHBFA (SERIES 2010B) 237154467 2010-12-13 4000000 CONSTRUCTION false false false D VEHBFA (SERIES 2011A) 237154467 2011-12-09 7700000 CONSTRUCTION false false false A 6926730 0 12000000 0 0 0 155000 0 0 11845000 0 0 2011 false false true true B 2257272 0 8971117 0 0 0 0 0 0 0 8971117 0 2004 true false true true C 589354 0 4000000 0 0 0 80000 0 0 3920000 0 0 2011 false false true true D 1913718 0 7700000 0 0 0 120000 0 0 7580000 0 0 2013 false false true true A false false true false false 0 0.00018 0.00018 false false false true B false false true true false 0 0.03241 0.03241 false false false true C false false true false false 0.00658 0.00658 false false false true D false false true false false 0 false false false true A false false false true true true TD BANK 10. false false false 0 false true B false false false true true true TD BANK 10. false false false 0 false true C false false false true true true KEY BANK 10. false false false 0 false true D false false false true true true TD BANK 15. false false false 0 false true A false B false C false D false PART III, LINE 3A THE COLLEGE ENTERS INTO JANITORIAL AND VENDING SERVICE CONTRACTS FOR ALL CAMPUS BUILDINGS INCLUDING RESIDENTIAL, ACADEMIC, AND ADMINISTRATIVE BUILDINGS. THESE SERVICES ARE DEEMED INCIDENTAL FOR PRIVATE BUSINESS USE CONSIDERATIONS. THE COLLEGE HAS ENGAGED LEGAL COUNSEL TO REVIEW THIRD PARTY FOOD MANAGEMENT SERVICE CONTRACTS TO ENSURE THEY MEET THE SAFE HARBOR REQUIREMENTS. AS A RESULT, THESE CONTRACTS DO NOT YIELD PRIVATE BUSINESS USE. THE COLLEGE ALSO ENTERS INTO A BOOKSTORE MANAGEMENT SERVICE CONTRACT WHICH DOES NOT MEET THE SAFE HARBOR REQUIREMENTS AND THEREFORE RESULTS IN PRIVATE BUSINESS USE. PART III, LINE 4 AND LINE 5 PRIVATE BUSINESS USE IS PRIMARILY GENERATED FROM THE COLLEGE'S UNRELATED BUSINESS ACTIVITIES DERIVED FROM THE EVENT CENTER AND CONTRACTS RECEIVED THROUGH THE CENTERS OF EXCELLENCE. PART IV, LINE 2C BOND REBATE CALCULATIONS WERE PERFORMED ON FOLLOWING DATES. BOND A - 06/03/2015 PART II, LINE 11, BOND B PART V A VEHBFA (SERIES 2013A) 237154467 2013-05-29 18000000 CONSTRUCTION false false false B VEHBFA (SERIES 2014A & SERIES 2014B) 237154467 2014-07-30 12500000 CONSTRUCTION false false false A 3600000 0 18000000 0 0 0 0 0 0 18000000 0 0 2014 false false true true B 1389401 0 12500000 0 0 0 0 0 0 12500000 0 0 2015 false false true true A false false true false false 0 0.01071 0.01071 false false false true B false false true true false 0 0.03156 0.03156 false false false true A false false false true true true MERCHANTS BANK 15. false false false 0 false true B false true false false true false 0 false 0 false true A false B false JANITECH OWNER OF COMPANY- FMR TRU 533847 CUSTODIAL SERVICES false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 4416613 FOOD SERVICE false X 9 27875 FAIR MARKET VALUE false true false PART I, COLUMN (B) NUMBER OF CONTRIBUTIONS AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I AND III, LINE 1 ORGANIZATION'S MISSION AND GLOBAL CITIZENS. CHAMPLAIN COLLEGE ENDEAVORS TO BE A LEADER IN EDUCATING TODAY'S STUDENTS TO BECOME SKILLED PRACTITIONERS, EFFECTIVE PROFESSIONALS AND ENGAGED GLOBAL CITIZENS. CHAMPLAIN'S AGILE AND ENTREPRENEURIAL APPROACH TO HIGHER EDUCATION UNIQUELY BLENDS TECHNOLOGY LEADERSHIP, MARKET SAVVY, INNOVATION AND FISCAL RESPONSIBILITY WITH A COMMITMENT TO LIBERAL LEARNING, COMMUNITY INVOLVMENT AND "THE HUMAN TOUCH." THIS DISTINCTIVE APPROACH PERMEATES THE DELIVERY OF RELEVANT, RIGOROUS STUDENT-CENTERED PROGRAMS IN BUSINESS, ARTS, APPLIED TECHNOLOGY, AND PUBLIC SERVICE. FORM 990, PART VI, SECTION B, LINE 11B THE SENIOR ACCOUNTANT AT THE COLLEGE IS RESPONSIBLE FOR GATHERING AND DRAFTING THE INFORMATION TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT ACCOUNTANTS. ONCE THE DRAFT IS COMPLETED IT IS REVIEWED BY THE ASSISTANT TREASURER. THE FORM 990 IS THEN REVIEWED IN DETAIL WITH THE TREASURER AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE THEN MAKES A MOTION TO APPROVE AND BRING FORWARD THE FORM 990 TO THE FULL BOARD OF TRUSTEES. AFTER AUDIT COMMITTEE APPROVAL, THE COLLEGE ELECTRONICALLY DISTRIBUTES, VIA THE BOARD BOOK, A COMPLETE COPY OF ITS FORM 990 TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A STATEMENT OF POLICY REGARDING CONFLICT OF INTEREST FOR THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES. ATTACHED TO THE CONFLICT OF INTEREST STATEMENT IS A SCHEDULE OF ALL TRUSTEE, OFFICER AND/OR KEY EMPLOYEES OF THE COLLEGE, AND INDIVIDUALS AND ENTITIES WHO HAVE OR HAVE HAD KEY BUSINESS RELATIONSHIPS WITH THE COLLEGE (E.G., INVESTMENT MANAGERS, LENDERS, OTHER FINANCIAL INSTITUTIONS, KEY VENDORS PROVIDING EITHER GOODS OR SERVICES TO THE COLLEGE.) UPON JOINING THE BOARD OF TRUSTEES AND ANNUALLY THEREAFTER, EACH MEMBER OF THE BOARD MUST REVIEW THE SCHEDULE AND COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF ANY CONFLICT OF INTEREST EXISTS BY A VOTING MEMBER OF THE COMMITTEE OR BOARD OF TRUSTEES, THEY SHALL NOT BE ALLOWED TO VOTE ON ANY SUCH MATTER PERTAINING TO CONFLICT. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE NOT VOTING. FORM 990, PART VI, SECTION B, LINES 15A AND 15B COMPENSATION POLICY THE COMPENSATION COMMITTEE (THE COMMITTEE) WILL ANNUALLY REVIEW THE REASONABLENESS OF COMPENSATION LEVELS OF ALL OFFICERS ON A POSITION-BY-POSITION BASIS. THE COMMITTEE IS INDEPENDENT AND FREE FROM CONFLICT OF INTEREST. THE COMMITTEE REVIEWS THE NATURE AND SCOPE OF EACH POSITION AND ASSESSES THE BASIS FOR WHICH COMPENSATION IS TO BE PAID TO THE INDIVIDUAL. THE COMMITTEE DETERMINES COMPENSATION FOR ALL OFFICERS, EXCEPT THE PRESIDENT, UPON RECEIPT OF WRITTEN PERFORMANCE REVIEWS AND "VALID MARKET DATA". THE PRESIDENT REVIEWS EACH OFFICERS PERFORMANCE FOR THE PRIOR YEAR AND SUBMITS A COMPENSATION RECOMMENDATION TO THE COMMITTEE BASED ON A COMBINATION OF "VALID MARKET DATAINDIVIDUAL PERFORMANCE. "VALID MARKET DATA" IS DETERMINED USING THE FOLLOWING METHOD: 1.1 DETERMINE THE LIST OF OVERLAP INSTITUTIONS - IDENTIFY OTHER PRIVATE COLLEGES THAT HAVE A HIGH NUMBER OF APPLICANT OVERLAPS WITH CHAMPLAIN. THIS DATA IS FROM THE NATIONAL STUDENT CLEARINGHOUSE, WHICH TRACKS THE COLLEGES TO WHICH STUDENTS APPLY AND ULTIMATELY CHOOSE TO ATTEND. 1.2 USING IRS TAX RETURN DATA (VIA GUIDESTAR), FIND THE MOST RECENT REPORT IDENTIFYING THE MOST HIGHLY COMPENSATED EMPLOYEES AT OVERLAP INSTITUTIONS. 1.3 ADJUST THE REPORTED SALARIES AND BENEFITS BY A PERCENTAGE TO MAKE THEM ROUGHLY COMPARABLE TO CURRENT SALARY DATA. THIS INFLATION FACTOR IS DERIVED FROM NATIONALLY REPORTED HIGHER EDUCATION AVERAGE PAY HIKES IN PAST YEARS. BOTH THE BASE YEAR COMPENSATION, AS WELL AS THE ADJUSTED SALARY, ARE REPORTED BACK TO THE COMMITTEE. 1.4 PROVIDE THE COMMITTEE WITH COMPARISONS OF CHAMPLAIN SALARY AND BENEFITS TO OVERLAP OTHER INSTIUTIONS ON A POSITION-BY-POSITION BASIS NARRATIVE INFORMATION WILL BE PROVIDED, IF SIMLIARLY TITLED POSITIONS AT OTHER INSTITUTIONS ARE KNOWN TO DIFFER IN SCOPE OF RESPONSIBILITY. THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT. THIS REVIEW, COMBINED WITH THE "VALID MARKET DATA" DESCRIBED ABOVE, IS DISCUSSED AND CONSIDERED BY THE COMMITTEE WHEN ARRIVING AT THE PRESIDENT'S ANNUAL COMPENSATION PACKAGE. THE DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF EACH MEETING. THE COMPENSATION PROCEDURES OF THE COLLEGE MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE POLICY THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINES 8 AND 9 OTHER CHANGES IN NET ASSETS Line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ($8,302) SWAP VALUATION ($786,554) CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS $209,047 ___________ TOTAL ($585,809) FORM 990, PART VIII, LINE 7, OTHER THE COLLEGE PURCHASED THE ETHAN ALLEN CLUB ON DECEMBER 16, 2008 FOR $2.65M WITH THE INTENTION OF DEVELOPING THE PROPERTY FOR STUDENT HOUSING. OBTAINING PERMITS TO DEVELOP THE PROPERTY COMBINED WITH A COMMUNITY NEED FOR THE PROPERTY LED THE COLLEGE TO DIVEST THE PROPERTY ON AUGUST 20, 2015 FOR $2.5M WHEN THE BOOK VALUE WAS $2.18M. COLLEGE CHAMPLAIN DU VERMONT 525 SHERBROOK STREET EAST MONTREAL QUEBEC CA 999999999 EDUCATIONAL CA CHAMPLAIN true CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN IRELAND EI 999999999 EDUCATIONAL EI CHAMPLAIN C CORP -65720 47339 1.00000 true CHARITABLE REMAINDER TRUSTS (8) 999999999 CHARITABLE TR VT NA TRUST false false false false true false false false false false false false false false false false false false true false COLLEGE CHAMPLAIN DU VERMONT D 1213848 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED D 614280 FMV COLLEGE CHAMPLAIN DU VERMONT R 613001 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED R 987750 FMV PART II, LINE 1 COLUMN (D) THE ORGANIZATION IS A NON-PROFIT ORGANIZATION DESCRIBED IN PARAGRAPH 149(1)(I) OF THE INCOME TAX ACT OF CANADA AND IS EXEMPT FROM TAX.