2017-05-11T14:31:20-07:00 2016-06-30 990 2015-07-01 150532200 TRUSTEES OF HAMILTON COLLEGE TRUS 3158594011 198 College Hill Rd Clinton NY 13323 Karen Leach VP, Administration & Finance 3158594524 2017-05-11 2015 2021-01-29 14:40:06Z Karen L Leach 198 College Hill Rd Clinton NY 13323 590520675 0 X www.hamilton.edu X 1812 NY See Part III 33 32 2477 1300 1209742 0 25004292 42865902 117212061 119491530 96136981 25312861 96610 168914 238449944 187839207 34196466 36091022 0 0 71907182 71286094 0 0 6391502 67375926 71766583 173479574 179143699 64970370 8695508 1361460585 1300293270 294569835 279554176 1066890750 1020739094 A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 1850 students, representing 46 states and 45 countries, and offers 56 areas of study in the liberal arts, science and mathematics. Hamilton also offers pre-professional/cooperative programs in Business, Education, Engineering, Law, and Medicine and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also hosts athletic programs affiliated with NCAA Division III, and includes 29 competitive varsity teams in 16 different sports, in addition to many club and intramural sports offerings. Approximately 80 student clubs and organizations in a variety of interests and disciplines help to further enrich student development. 0 0 150162618 36091022 119086597 Providing a liberal arts education to approximately 1850 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College employs 189 full-time professors, 95% of whom hold the highest obtainable degree in their field. 650152 0 573847 Summer recreation programs that provide opportunities for children and students to participate in team and individual sports and develop character and sportsmanship. 0 0 0 150812770 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 2604 0 1 2477 1 1 1 1 FR CH SP 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Hamilton College Business Office 3158594313 198 College Hill Rd Clinton NY 13323 Aron J Ain Trustee 5 X 0 0 0 Roger H Berman Trustee 2 X 0 0 0 Richard Bernstein Trustee 5 X 0 0 0 Harold Bogle Trustee 5 X 0 0 0 Brian T Bristol Trustee 2 X 0 0 0 Peter Coffin Trustee 2 X 0 0 0 Adrienne R Conzelman Trustee 2 X 0 0 0 Julia Crowles Trustee 2 X 0 0 0 Robert Delaney Trustee 5 X 0 0 0 Amy Goodfriend Trustee 5 X 0 0 0 Philip Hawkins Trustee 2 X 0 0 0 Andres Henriquez Trustee 2 X 0 0 0 Gregory Hoogkamp Trustee 5 X 0 0 0 Linda Johnson Trustee 5 X 0 0 0 Lea Haber Kuck Trustee 2 X 0 0 0 George Little Trustee 5 X 0 0 0 Christopher P Marshall Trustee 2 X 0 0 0 Robert Morris Trustee 2 X 0 0 0 Montgomery Pooley Trustee 2 X 0 0 0 Ronald Pressman Trustee 5 X 0 0 0 R Christopher Regan Trustee 2 X 0 0 0 Nancy Roob Trustee 5 X 0 0 0 Angela Valenziano Ross Trustee 2 X 0 0 0 Julia Lamson Ross Trustee 2 X 0 0 0 Alexander Sacerdote Trustee 2 X 0 0 0 Stephen Sadove Trustee 5 X 0 0 0 Jack R Selby Trustee 2 X 0 0 0 Susan Skerritt Trustee 5 X 0 0 0 David Solomon Trustee 5 X 0 0 0 Thomas Tull Trustee 2 X 0 0 0 Sarah Weinstein Trustee 2 X 0 0 0 Jack Withiam Trustee 5 X 0 0 0 Joan H Stewart President 40 X X 546989 0 151890 Karen L Leach VP Admin & Finance 40 X 307509 0 57343 Lori Dennison Secretary & Executive Director 40 X 158873 0 89097 Richard C Tantillo VP Communications & Development 40 X 260416 0 84251 Monica Inzer VP Admissions & Financial Aid 40 X 245641 0 26994 David L Smallen VP Library & Information Technology 40 X 241489 0 32350 Patrick Reynolds VP Academic Affairs & Dean of Faculty 40 X 226193 0 68855 Nancy Thompson VP and Dean of Students 40 X 162041 0 44920 Peter Tonetti Chief Investment Officer until 5/31/15 40 X 193332 0 20150 Anne Dinneen Chief Investment Officer, beginning 5/15/15 40 X 446101 0 11138 Stuart Hirshfield Professor Computer Science 40 X 211373 0 37199 Derek Jones Professor Economics 40 X 217520 0 37309 Edward Walker Professor Government 40 X 198648 0 19735 Aimee Pearce Director Student Health Center 40 X 191744 0 34150 Peter Rabinowitz Professor Comparative Literature 40 X 191244 0 26106 3799113 0 741487 132 0 1 0 Clark Companies PO Box 427 Delhi NY 13753 General Contractor 1311850 Charles A Gaetano Construction Co 258 Genessee St Utica NY 13502 General Contractor 1174470 Wellington Small Cap 280 Congress St Boston MA 02210 Investment Managment 1148049 Adams and Reese LLP 701 Poydras St Suite 4500 New Orleans LA 70139 Legal Services 804893 Iridian Asset Management LLC 276 Post Road West Westport CT 06880 Investment Management 668314 21 0 0 0 0 1388607 41477295 3601374 42865902 Tuition and fees 611310 94783955 94783955 0 0 Room and board 611310 22819380 22819380 0 0 Auxiliary operations 611310 1287287 1287287 0 0 600908 600908 0 0 119491530 10414156 0 1209742 9204414 282 0 0 282 0 0 0 0 399940 0 231026 0 168914 0 168914 168914 0 0 415976333 1372532 400880319 1570123 15096014 -197591 14898423 0 0 14898423 0 0 187839207 119660444 1209742 24103119 41500 41500 32929153 32929153 3120369 3120369 3584332 406964 2869323 308045 52801774 46381521 3591675 2828578 4567960 3931748 399870 236342 6209309 5321451 548717 339141 4122719 3440031 454826 227862 1387340 46794 1279878 60668 216990 216990 819 819 4663231 4663231 1854085 1257992 436445 159648 310829 290748 20081 9728100 8348308 881903 497889 1273316 1100849 172467 4852707 4725566 71820 55321 4814039 4113220 415220 285599 186410 159624 12350 14436 11368671 11368671 16987155 13923423 2924648 139084 1028047 8704 1019343 Food service cost 5725853 5380296 0 345557 Restricted program expenses 2952336 2794114 158222 0 Membership dues 272683 169778 102905 0 Small equipment & software 245740 243006 2734 0 3898232 1308940 1695960 893332 179143699 150812770 21939427 6391502 38675073 38309836 13988511 19669470 1243717 1009305 0 0 0 0 2657008 2371768 594797 621313 1805250 1863344 472493737 209918889 268539428 262574848 790788274 667640759 240232715 304269144 2509187 1326365 0 0 426625 637118 1361460585 1300293270 11224393 9741757 0 0 0 0 142777006 139086904 0 0 0 0 917152 0 100439163 100465428 39212121 30260087 294569835 279554176 X 256099837 249027415 572281705 511579502 238509208 260132177 1066890750 1020739094 1361460585 1300293270 X 8695508 -59747638 0 0 0 4900474 X 0 1 X 1 1 1 X 24047597 21076299 25261612 25004292 42865902 138255702 0 0 0 0 0 0 0 0 0 0 0 0 24047597 21076299 25261612 25004292 42865902 138255702 16643856 121611846 8532349 9021636 16760469 10739895 10665294 55719643 149084 149084 194124429 561836934 0.62646 0.70384 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 819 819 0 Schedule C, Part II-B, Line 1 The College pays membership dues to the National Association of Independent Colleges and Universities. Approximately 7% of our annual dues is attributed to lobbying activities. 338300 5468076 0 0 X X X X Teaching 0 856067117 38510988 -35693030 14651998 20803669 6219861 817209547 858839076 12480164 22545629 13374067 18948976 5474709 856067117 710428368 10304616 173354593 13030610 17894359 4323532 858839076 635234676 2848737 106442204 12701429 17447238 3948582 710428368 657528914 27717880 -17750010 11688666 17006382 3567060 635234676 0.16 0.27 0.57 1 0 0 29002161 29002161 0 362964626 156582070 206382556 0 0 0 0 0 75082074 52971867 22110207 0 5444876 364952 5079924 262574848 Faculty mortgages 1461947 F Beneficial interest trusts 6896935 F Insurance 1270500 F Real Estate 42473112 F Energy Funds 35967120 F Hedge Funds 139570560 F Private Equity 76628970 F 304269144 0 Annuity payable 16723616 Liability under Securities lending transactions 4499777 Deposits and advances 3360315 Post retirement benefit obligations 2029196 Funds held in trust for others 402003 Asset retirement obligations 1710057 Refundable government student loans 1535123 30260087 X 127200799 -59747638 0 0 4900474 -54847164 182047963 6219861 -428617 5791244 187839207 173352455 0 0 0 428617 428617 172923838 6219861 0 6219861 179143699 Schedule D, Part III, Line 4 While the ultimate purpose of the Museum is to increase the educational scope and opportunity for appreciation of the fine arts by Hamilton's students, it also seeks to enrich campus cultural life in general, as well as contribute to the cultural enrichment of the surrounding community. The collection includes more than 4,000 works of art, with strengths in American prints and works on paper, British art of the 20th century, ancient vases and glass, and Native American and Pre-Columbian art. Schedule D, Part V, Line 4 Endowment funds are used largely for scholarships, professorships and other academic programs of the College including support for the library, research activities, and internship support for students. Schedule D, Part X, Line 2 The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The College believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Change in annuity and life income obligations (3,065,029), FASB 106 adjustment (1,835,877), non-operating expense (-432) Schedule D, Part XI, Line 4b Rental expenses (-231,026), loss on disposal of fixed assets (-197,591) Schedule D, Part XII, Line 2d Rental expenses (231,026), loss on disposal of fixed assets (197,591) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College complies with all relevant state and federal laws on non-discrimination. The Senior Associate Dean of Students is responsible for coordinating the College's efforts to comply with Title IX of the Education Amendment of 1972, as well as its procedures for dealing with harassment on the basis of age, gender or gender identity, race, color, national origin, sexual and affectional orientation/association, military or veteran status, marital status, mental/physical disability, genetic information, ethnic origin, religion, or any other characteristic protected by law. The Associate Dean of Students for Multicultural Affairs and Accessibility Services oversees compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act for students. Our non-discrimination policy is printed in our admission viewbook and on our application supplement. Anyone interested in applying to the College receives these materials. Schedule E, Part I, Line 6 The College receives federal funding from the SEOG, Pell and federal work study programs for scholarship aid to students. We also receive funding from the NYS Higher Education Opportunity Program and NYS Aid to Private Colleges. 1 Europe (including Iceland and Greenland) 2 2 Program Services The College offers students the opportunity to study abroad in France and Spain to provide a rich cultural and academic experience and develop proficiency in a foreign language. Classes are taught and excursions are provided to give students many opportunities to immerse themselves in the language and culture of the country. 2238409 East Asia and the Pacific 1 1 Program Services The College offers an intensive language and culture program in Beijing to develop students' interests in the Chinese language and cultural and educational opportunities of the area. 619060 Sub-Saharan Africa 0 0 Grantmaking 831350 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 647542 East Asia and the Pacific 0 0 Grantmaking 510143 Europe (including Iceland and Greenland) 0 0 Grantmaking 427529 South Asia 0 0 Grantmaking 371288 Middle East and North Africa 0 0 Grantmaking 115200 Russia and the newly independent States 0 0 Grantmaking 108980 South America 0 0 Grantmaking 63327 Central America and the Caribbean 0 0 Grantmaking 45010 Europe (including Iceland and Greenland) 0 0 Program Services Research activities and conference related travel 106455 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research activities and conference related travel 29178 Central America and the Caribbean 0 0 Program Services Research activities and conference related travel 7554 South America 0 0 Program Services Student research and travel 5383 East Asia and the Pacific 0 0 Program Services Research activities and travel 4511 Sub-Saharan Africa 0 0 Program Services Student and faculty research 3354 South Asia 0 0 Fundraising Student fundraising for disaster 2559 Middle East and North Africa 0 0 Program Services Student research 1383 Central America and the Caribbean 0 0 Investments 193411418 Europe (including Iceland and Greenland) 0 0 Investments 6245516 3 3 205795149 Grantmaking Sub-Saharan Africa 14 831350 Grantmaking North America (including Canada and Mexico, but not the United States) 15 647542 Grantmaking East Asia and the Pacific 13 510143 Grantmaking Europe (including Iceland and Greenland) 7 427529 Grantmaking South Asia 7 371288 Grantmaking Middle East and North Africa 2 115200 Grantmaking Russia and the newly independent States 3 108980 Grantmaking South America 2 63327 Grantmaking Central America and the Caribbean 1 45010 1 0 1 1 1 0 Schedule F, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student. Schedule F, Part I, Line 3 All expenses and grants listed in Part I are based upon the accrual method of accounting. 1 Clinton Central School 75 Chenango Ave Clinton NY 13323 156002171 24000 Kirkland Town Library 55 1/2 College St Clinton NY 13323 150543588 501(c)(3) 11500 Clinton Central School Foundation 75 Chenango Ave Clinton NY 13323 161413396 501(c)(3) 6000 2 1 College funded scholarships 506 17967504 Special scholarships 213 7967552 General scholarships 145 5555702 Private gifts 19 793023 Prize scholarships 19 484580 Federal grants 41 160792 Schedule I, Part I, Line 2 The College follows federal guidelines for determining the financial need of each student attending programs outside of the United States. The College Board Profile and the FAFSA (Free Application for Federal Student Aid) provide us with information to determine financial need. Grants and scholarships are awarded based on the demonstrated need of each student. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Joan H Stewart President 532287 0 0 0 14702 0 93880 0 58010 0 698879 0 0 Karen L Leach VP Admin & Finance 295540 0 0 0 11969 0 26500 0 30843 0 364852 0 0 Anne Dinneen Chief Investment Officer 445849 0 0 0 252 0 0 0 11138 0 457239 0 Peter Tonetti Chief Investment Officer 191741 0 0 0 1591 0 19301 0 849 0 213482 0 0 Richard C Tantillo VP Communications & Development 257429 0 0 0 2987 0 26443 0 57808 0 344667 0 Lori Dennison Secretary & Executive Director 157572 0 0 0 1301 0 15945 0 73152 0 247970 0 David L Smallen VP Library & Information Technology 238555 0 0 0 2934 0 24179 0 8171 0 273839 0 Monica Inzer VP Admissions & Financial Aid 240139 0 0 0 5502 0 24376 0 2618 0 272635 0 0 Patrick Reynolds VP Academic Affairs & Dean of Faculty 225696 0 0 0 497 0 22970 0 45885 0 295048 0 0 Nancy Thompson VP and Dean of Students 161437 0 0 0 604 0 16710 0 28210 0 206961 0 Derek Jones Professor Economics 214891 0 0 0 2629 0 22215 0 15094 0 254829 0 Stuart Hirshfield Professor Computer Science 209171 0 0 0 2202 0 21685 0 15514 0 248572 0 Edward Walker Professor Government 196350 0 0 0 2298 0 19735 0 0 0 218383 0 Peter Rabinowitz Professor Comparative Literature 189427 0 0 0 1817 0 19235 0 6871 0 217350 0 Aimee Pearce Director Student Health Center 191497 0 0 0 247 0 19898 0 14252 0 225894 0 Schedule J, Part I, Line 1a The College requires that the President, the VP for Academic Affairs and the VP for Communications and Development reside on campus as a condition of their employment; therefore, College owned housing is provided for them. In addition, the College pays for reasonable costs of housekeeping to maintain the president's residence. First class and business class air travel is allowed for members of senior staff only when the travel is ten hours or more. Other services provided to the president include travel for her spouse when it has been determined that his travel fulfills a bona fide business purpose for the College and payment for membership in one club in Manhattan, such as the University Club, for the purpose of meeting with College constituents, sponsoring College events and otherwise conducting College business. Because these benefits are nontaxable, they are not included in the employees' Form W-2. However, they are included in Part II, column D. Schedule J, Part I, Line 3 See schedule O disclosure for Form 990, Part VI, Section B, Line 15. A Oneida County Industrial Development Agency Series 2007 090210781 682465BZ1 2007-03-20 59690356 Construct 40,000 sq ft addition, renovate other bldgs, refunding of bonds issued 2/11/99 0 0 0 B Dormitory Authority of State of NY Series 2010 146000293 649905XD3 2010-02-11 13984775 Refunding of bonds issued 2/11/99 0 0 0 C Onieda County Industrial Development Agency Series 2002 090210781 682465DA4 2008-09-25 54964593 Refunding of bonds issued 6/21/02 0 0 0 D Oneida County Local Development Corporation Series 2013 273190422 682440AT9 2013-07-02 23886715 Complete construction of theater /studio arts building, renovate Minor Theater into a dormitory 0 0 0 A 5585558 0 61195296 0 0 0 864959 459000 0 35414916 22951480 0 2009 0 1 1 1 B 5030000 0 13985013 0 0 0 279695 0 0 85792 13619288 0 2001 1 0 1 1 C 11495000 0 54964593 0 0 0 371363 0 2748230 0 51845000 0 2006 1 0 1 1 D 760000 0 23899197 0 0 0 268037 0 0 23631160 0 0 2015 0 0 0 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 1 1 1 1 0.0015 0 0.0015 0 0 0 D 0 0 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 D 0 Schedule K, Part II, Line 3-03/20/2007 59,690,356 Oneida County Industrial Development Agency The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $1,504,940 Schedule K, Part II, Line 3-02/11/2010 13,984,775 Dormitory Authority of State of NY The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $238. Schedule K, Part II, Line 3-07/02/2013 23,886,715 Oneida County Local Development Corporation The difference between the total on Line 3, Part II and column (e) in Part I is due to investment earnings of $12,482. Schedule K, Part IV, Line 2c-03/20/2007 59,690,356 Oneida County Industrial Development Agency The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing no rebate liability exists was completed on April 6, 2016. Schedule K, Part IV, Line 2c-02/11/2010 13,984,775 Dormitory Authority of State of NY The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing no rebate liability exists was completed on March 6, 2016. Schedule K, Part IV, Line 2c-09/25/2008 54,964,593 Onieda County Industrial Development Agency The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing no rebate liability exists was completed on August 11, 2015. Schedule K, Part IV, Line 2c-07/02/2013 23,886,715 Oneida County Local Development Corporation The College hires a consultant to prepare an Arbitrage Rebate Report annually. The rebate computation showing no rebate liability exists was completed on August 11, 2015. Schedule K, Part V-03/20/2007 59,690,356 Oneida County Industrial Development Agency The College adopted post-issuance compliance policies and procedures in March 2017. Schedule K, Part V-02/11/2010 13,984,775 Dormitory Authority of State of NY The College adopted post-issuance compliance policies and procedures in March 2017. Schedule K, Part V-09/25/2008 54,964,593 Onieda County Industrial Development Agency The College adopted post-issuance compliance policies and procedures in March 2017. Schedule K, Part V-07/02/2013 23,886,715 Oneida County Local Development Corporation The College adopted post-issuance compliance policies and procedures in March 2017. X 4 338300 Apprasial X 171 3263074 Stock Exchange 4 0 1 1 Schedule M, Part I Donations are reported based on the number of contributions received in Part I, column (b). Schedule M, Part I, Line 32b College policy stipulates that gifts of securities are to be sold upon receipt. Investment firms are used to sell securities received as contributions. Schedule M, Part I, Line 33 The College received support for various events and other miscellaneous non cash gifts totaling $17,989 that were not reported as revenue. Form 990, Part VI, Section B, Line 11b Form 990 was reviewed by the Audit Committee, a six member committee of the Board of Trustees. A copy was made available to all remaining Trustees before filing. Form 990, Part VI, Section B, Line 12c Officers, trustees and key employees are required to complete a questionnaire regarding potential conflicts of interest on an annual basis. The questionnaires are reviewed by the Vice President for Administration and Finance and appropriate actions taken if necessary. The statements are maintained in a file on College premises. Form 990, Part VI, Section B, Line 15 The process for determining compensation for the President and Senior Officers of the College meets the three requirements of the rebuttable presumption provisions under Treas. Reg. 53.4958-6. The Senior Officers of the College include the Vice Presidents of Administration and Finance, Academic Affairs, Admissions and Financial Aid, Communications and development, LITS, Chief Investment Officer, and Chief of Staff and Secretary to the Board of Trustees. An annual review of comparability data from a national survey and a survey of 25 comparable schools, as well as a review of the Form 990 of other organizations is used to inform decisions. This information is reviewed by the Executive Compensation Sub-Committee of the Board, consisting of the Board Chair, Vice Chair, and the Chairs of the Budget and Finance Committee and the Audit Committee, who make a recommendation to the Board for approval. The Committee members are independent of management and free of any conflicts that would impair their judgement. Finally, the Executive Compensation Sub-Committee timely and thoroughly documents its decisions regarding compensation. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are posted on our website at www.hamilton.edu. Form 990, Part XI, Line 9 Change in annuity and life income obligations (3,065,029), FASB 106 adjustment (1,835,877), non-operating expense (-432) Pooled Income Funds (3) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Annuity Trusts (4) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrusts (21) 198 College Hill Rd Clinton NY 13323 Trust NY N/A T 1 Charitable Remainder Unitrust (1) 3125 Country Rd 250 Durango CO 81301 Trust CO N/A T 1 Charitable Remainder Unitrust (1) 41 Woodside Way San Rafael CA 94901 Trust CA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Charitable Remainder Unitrusts (21) s 57525 Pooled Income Funds (3) s 2388903