2017-04-13T16:38:09-05:00 2016-06-30 522041603 SQUIRE LEMKIN COMPANY LLP 111 ROCKVILLE PIKE SUITE 475 ROCKVILLE MD 20850 990 2015-07-01 520591608 HOOD COLLEGE OF FREDERICK MD HOOD 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 CHARLES G MANN VP FOR FINANCE AND TREASURER 3016963131 2017-04-13 1 TRACY M MOREY P01521539 3014246800 2015 2021-01-29 14:40:06Z CHARLES G MANN 401 ROSEMONT AVENUE FREDERICK MD 21701 85526888 0 X WWW.HOOD.EDU X 1893 MD HOOD COLLEGE PREPARES STUDENTS TO EXCEL IN MEETING THE PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES OF THE FUTURE. HOOD IS COMMITTED TO THE INTEGRATION OF THE LIBERAL ARTS, THE PROFESSIONS AND TECHNOLOGY, TO THE EXPLORATION OF VALUES, A SENSE OF COMMUNITY AND TO THE PREPARATION OF STUDENTS FOR LIVES OF RESONSIBILITY, LEADERSHIP AND SERVICE. 30 30 1206 0 363865 0 13739032 8511318 56074756 55123905 5142152 1185337 0 0 74955940 64820560 22776446 22484122 0 0 22488338 22466612 0 0 1536225 19552790 19594506 64817574 64545240 10138366 275320 164965259 159772409 35002344 35297059 129962915 124475350 X HOOD COLLEGE PREPARES STUDENTS TO EXCEL IN MEETING THE PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES OF THE FUTURE. HOOD IS COMMITTED TO THE INTEGRATION OF THE LIBERAL ARTS, THE PROFESSIONS AND TECHNOLOGY, TO THE EXPLORATION OF VALUES, A SENSE OF COMMUNITY AND TO THE PREPARATION OF STUDENTS FOR LIVES OF RESPONSIBILITY, LEADERSHIP AND SERVICE. 0 0 51284054 22484122 54760040 HIGHER EDUCATION-FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE THIRTY-THREE MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 17 MASTER'S DEGREES, 1 DOCTORAL PROGRAM, AND 12 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2015, TOTAL ENROLLMENT WAS 2,288 STUDENTS COMPRISED OF 1,277 UNDERGRADUATE AND 1,011 STUDENTS SEEKING MASTER'S DEGREES AND CERTIFICATIONS. 51284054 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 144 0 1 1206 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X DARIAN SCHULZE 3016963131 401 ROSEMONT AVENUE FREDERICK MD 21701 PHILIP A BERKHEIMER CHAIR 2.00 X 0 0 0 JUDITH MESSINA VICE CHAIR 2.00 X 0 0 0 RICHARD ADAMS BOARD MEMBER 2.00 X 0 0 0 AMY CHAN BOARD MEMBER 2.00 X 0 0 0 JAMES CLAPP BOARD MEMBER 2.00 X 0 0 0 JANET COTTON BOARD MEMBER 2.00 X 0 0 0 MARGERY LESSER ELFIN PHD BOARD MEMBER 2.00 X 0 0 0 JOAN ESSELEN FOOT BOARD MEMBER 2.00 X 0 0 0 MARK FRIIS BOARD MEMBER 2.00 X 0 0 0 BRIAN GAENG BOARD MEMBER 2.00 X 0 0 0 KEVIN JACKSON BOARD MEMBER 2.00 X 0 0 0 GEORGE LEWIS JR BOARD MEMBER 2.00 X 0 0 0 CYNTHIA NEWBY BOARD MEMBER 2.00 X 0 0 0 RAY RAMSBURG III BOARD MEMBER 2.00 X 0 0 0 JAMES REINSCH BOARD MEMBER 2.00 X 0 0 0 MARTHA HEARN SHIMANO BOARD MEMBER 2.00 X 0 0 0 MALINDA B SMALL BOARD MEMBER 2.00 X 0 0 0 JOHN H TISDALE BOARD MEMBER 2.00 X 0 0 0 SAMUEL R WELLS III BOARD MEMBER 2.00 X 0 0 0 SUSAN WHALEY BOARD MEMBER 2.00 X 0 0 0 NEAL WILSON BOARD MEMBER 2.00 X 0 0 0 LINDA J ALLAN BOARD MEMBER 2.00 X 0 0 0 ROBERT BELL BOARD MEMBER 2.00 X 0 0 0 PHILIP BOWERS BOARD MEMBER 2.00 X 0 0 0 CHERYL BROWN DREILING BOARD MEMBER 2.00 X 0 0 0 GAIL GAMBLE BOARD MEMBER 2.00 X 0 0 0 MYRA HOLSINGER BOARD MEMBER 2.00 X 0 0 0 ROBERT G HOOPER BOARD MEMBER 2.00 X 0 0 0 CHARLES E HUDSON III BOARD MEMBER 2.00 X 0 0 0 MARLENE YOUNG BOARD MEMBER 2.00 X 0 0 0 CHARLES G MANN VP FOR FINANCE & TREASURER 40.00 X 178148 0 22362 DARIAN SCHULZE ASSISTANT TREASURER/CONTRO 40.00 X 92980 0 16207 DIANE WISE SECRETARY 40.00 X 72940 0 2718 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT FROM 7/1/2015 60.00 X 132587 0 91030 NANCY GILLECE VP INSTITUTIONAL ADVANCEME 40.00 X 142655 0 8858 OLIVIA WHITE VP OF STUDENT LIFE AND DEA 40.00 X 126986 0 7550 CORNELIUS FAY CHIEF TECHNOLOGY OFFICER 40.00 X 119004 0 7456 MARIA GREEN COWLES DEAN OF GRADUATE 40.00 X 117589 0 6575 RONALD J VOLPE PH D FORMER PRESIDENT 6/30/2015 60.00 X 482575 0 33891 1465464 0 196647 7 1 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 60673 FACILITIES MANAGEMENT 3242429 WHITING TURNER CONTRACTING CO 300 EAST JOPPA ROAD BALTIMORE MD 21286 CONSTRUCTION CONTRACTOR 2878079 ARAMARK SERVICES INC 5271 ELLIOT ROAD BUTLER PA 160018105 FOOD SERVICES 2568632 HYPERSPACE 13621 CRAYTON BLVD HAGERSTOWN MD 21742 INTERIOR DESIGN AND FURNITURE & FIXTURES 608202 CCSINC 108 BYTE DRIVE STE 200 FREDERICK MD 21702 CONSTRUCTION CONTRACTOR 413682 5 2385681 6125637 122437 8511318 GROSS TUITION 611600 46482663 46482663 AUXILIARY ENTERPRISES 713990 8121673 7757808 363865 OTHER EDUCATIONAL AND GENERAL 611600 519569 519569 55123905 1023941 1023941 20867724 20706328 161396 161396 161396 64820560 54760040 363865 1185337 X 22484122 22484122 744614 512452 204827 27335 17366111 11951557 4777043 637511 674072 463904 185423 24745 2361752 1625385 649667 86700 1320063 908482 363121 48460 102397 70471 28167 3759 114531 78822 31505 4204 213615 213615 7356083 5062541 2023500 270042 179156 123297 49282 6577 1010751 695610 278036 37105 1659097 1141809 456382 60906 535061 368235 147184 19642 4151236 2856928 1141916 152392 147377 101427 40540 5410 UTILITIES AND TELECOMMU 1780623 1225445 489811 65367 OTHER 814402 560482 224023 29897 RENTALS AND LEASES 813131 559606 223675 29850 POSTAGE, DUPLICATING AN 401850 276558 110540 14752 315196 216921 86704 11571 64545240 51284054 11724961 1536225 872426 276823 68809 17014 1943799 1180753 5903273 4279803 73030 98764 296173 291433 133706848 63676720 67748895 70030128 40534940 38461905 34809052 34840580 12714862 10295206 164965259 159772409 5028327 4890986 298040 624317 15800295 15800000 2879160 2027546 3053088 3300000 7943434 8654210 35002344 35297059 X 45619185 40133651 30529214 22830860 53814516 61510839 129962915 124475350 164965259 159772409 X 275320 -4621046 -1141839 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 1 0.00 0 83671464 3424230 -3368228 2827537 80899929 83449740 4615855 -203233 4190898 83671464 69427993 5551561 11327938 2857752 83449740 62064298 3366631 6484158 2487094 69427993 63440430 3285951 -2373423 2288660 62064298 0.03760 0.76020 0.20220 1 0 544775 544775 89732309 36602515 53129794 21231988 7892698 13339290 21017086 18503088 2513998 1180690 678419 502271 70030128 FIXED INCOME BONDS 9805988 F REAL ESTATE INVESTMENTS 4447848 F HEDGE FUNDS/ALTERNATIVE 19372155 F COMMODITIES FUNDS 1214589 F 34840580 INTEREST HELD IN TRUST BY OTHERS 9034664 CASH AND SHORT TERM INVESTMENTS 1260542 10295206 SPLIT INTEREST AGREEMENTS 1569366 REFUNDABLE ADVANCES FROM US GOVERNMENT 2640515 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1188528 INTEREST RATE SWAP 1588063 DEFERRED BUILDING IMPROVEMENT LIABILITIES 1667738 8654210 X 36359938 -4621046 -1141839 -5762885 42122823 213615 22484122 22697737 64820560 41847503 0 41847503 213615 22484122 22697737 64545240 PART II, LINE 9: THE CONSERVATION EASEMENT IS NOT REPORTED ON THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR INSTRUCTION, SCHOLARSHIPS, AND ACADEMIC SUPPORT. PART X, LINE 2: THE COLLEGE IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON UNRELATED BUSINESS ACTIVITIES, UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STAT3MENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2016 OR 2015. PART XI, LINE 2D PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ($109,926) AND INTEREST RATE SWAP AGREEMENT ($1,031,913) PART XI, LINE 4B PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $19,357,395, FINANCIAL AID SCHOLARSHIPS FUNDED $3,126,727 PART XII, LINE 4B PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SCHOLARSHIPS UNFUNDED $19,357,395, FINANCIAL AID SCHOLARSHIPS FUNDED $3,126,727. 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 NON-DISCRIMINATION POLICY IS PLACED ON ALL PUBLICATIONS AND PRINTED MATERIALS. SPECIFICALLY, THE POLICY APPEARS ON THE APPLICATION MATERIALS, LETTERS TO POTENTIAL STUDENTS AND ON THE ORGANIZATION'S WEBSITE. SCHEDULE E, PART I, LINE 6 HOOD COLLEGE RECEIVES THE FOLLOWING FEDERAL ASSISTANCE: DIRECT STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION, AND US DEPARTMENT OF EDUCATION PASS-THRU FUNDING FROM THE STATE OF MARYLAND. IN ADDITION, HOOD COLLEGE RECEIVED GRANT AWARDS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, US DEPARTMENT OF COMMERCE, US DEPARTMENT OF DEFENSE, AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES AND NATIONAL INSTITUTE OF HEALTH. 1 HOOD COLLEGE PROVIDES SCHOLARSHIP TO STUDENTS ATTENDING THE COLLEGE 1323 22484122 PART I, LINE 2: ALL HOOD COLLEGE GRANTS, COLLEGE WORK-STUDY AWARDS, PERKINS LOANS AND MOST STAFFORD LOANS ARE BASED ON FINANCIAL NEED. HOOD SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT AS EVALUATED THROUGH THE STUDENT'S HIGH SCHOOL RECORD AND SAT SCORES. MANY SCHOLARSHIP RECIPIENTS' TOTAL FINANCIAL AID PACKAGES ALSO INTEGRATE NEED BASED AWARDS. ALL GRANTS AND AWARDS REQUIRE REPORTING OF FUND USAGE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHARLES G MANN VP FOR FINANCE & TREASURER 177761 0 0 0 387 0 9109 0 13253 0 200510 0 0 0 ANDREA E CHAPDELAINE TETREAULT PH D PRESIDENT FROM 7/1/2015 130783 0 0 0 1804 0 56439 0 34591 0 223617 0 0 0 NANCY GILLECE VP INSTITUTIONAL ADVANCEME 142268 0 0 0 387 0 7164 0 1694 0 151513 0 0 0 RONALD J VOLPE PH D FORMER PRESIDENT 6/30/2015 352574 0 100000 0 30001 0 13125 0 20766 0 516466 0 100000 0 A COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 2010-07-18 15800295 BUILDINGS AND STRUCTURES, LAND 0 0 0 A 15800295 219300 15580995 2011 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 BB&T 12.000000000000 1 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION WAS PERFORMED JANUARY 27, 2016. KEVIN JACKSON TRUSTEE 110448 RENTAL OF FOUR CONDOMINIUMS 0 RAY RAMSBURG TRUSTEE 40000 REGIONAL INSURANCE PRESIDENT FOR BB&T FREDERICK UNDERWRITERS, WHICH PROVIDES BROKERAGE SERVICES TO THE COLLEGE. 0 X 32 122437 SALES PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS OR A DESIGNATED REPRESENTATIVE OF THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY OF HOOD COLLEGE IS THAT EACH MEMBER OF THE BOARD SHALL EXECUTE AND SUBMIT ON AN ANNUAL BASIS DURING HER/HIS TERM OF SERVICE A DISCLOSURE OF INTEREST STATEMENT. THE CHAIRPERSON OF THE BOARD, IN CONJUNCTION WITH THE MANAGEMENT OF THE COLLEGE, MONITORS THE SUBMISSION OF THESE FORMS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 PER THE BYLAWS, THE EXECUTIVE/COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO SET THE PRESIDENT'S SALARY. DECISIONS REGARDING THE PRESIDENT'S SALARY ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE/COMPENSATION COMMITTEE AND BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO AID IN THE DETERMINATION OF HIRING SALARIES AS WELL AS ON-GOING ADJUSTMENTS. SALARY REVIEWS AND ADJUSTMENTS FOR ALL EMPLOYEES, EXCLUDING THE PRESIDENT, ARE PERFORMED PERIODICALLY BY SUPERVISORS. RECOMMENDATIONS ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, THE BUDGET DIRECTOR, AND THE DIVISIONAL VICE PRESIDENT. SALARY ADJUSTMENTS ARE APPROVED BY THE VICE PRESIDENT FOR FINANCE & TREASURER OR THE PRESIDENT. THE LAST SUCH SALARY REVIEW TOOK PLACE IN APRIL 2015 FOR STAFF AND SALARY AND IN SEPTEMBER 2016 FOR THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 HOOD COLLEGE MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, A COPY OF THE 990 IS AVAILABLE FOR REVIEW ON THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 5,062,541. MANAGEMENT AND GENERAL EXPENSES 2,023,500. FUNDRAISING EXPENSES 270,042. TOTAL EXPENSES 7,356,083. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -109,926. CHANGE IN VALUE OF SWAP AGREEMENTS -1,031,913. HOOD COLLEGE FOUNDATION 401 ROSEMONT STREET FREDERICK MD 21701 521961144 SUPPORT OF HOOD COLLEGE MD 501(C)(3) LINE 11A, I HOOD COLLEGE 0 HOOD COLLEGE LP 401 ROSEMONT AVENUE FREDERICK MD 21701 521969014 INVESTING MD INVESTMENT 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0