2016-04-15T11:13:59-05:00 2015-05-31 GRANT THORNTON LLP 75 STATE STREET BOSTON MA 02109 990 2014-06-01 042199867 Curry College % DAVID NERENBERG-DIR OF FINAN CURR 6173332302 1071 BLUE HILL AVENUE MILTON MA 02186 DAVID NERENBERG DIRECTOR OF FINANCE 6177237900 2016-03-31 true Robert J Butler Jr 6177237900 2014 2016-08-17 19:52:53Z Kenneth K Quigley Jr 1071 BLUE HILL AVENUE MILTON MA 02186 119959130 false X WWW.CURRY.EDU X 1879 MA TO EDUCATE AND GRADUATE STUDENTS PREPARED TO ENGAGE IN SUCCESSFUL CAREERS AND ACTIVE CITIZENSHIP WITH A GLOBAL PERSPECTIVE. 17 16 1749 67 0 1238028 2226560 98818386 104964355 6215685 10886790 1870087 1863628 108142186 119941333 24687238 29103205 0 0 45350915 46174156 0 0 871217 29677090 30484343 99715243 105761704 8426943 14179629 227948040 230887180 105834838 99398622 122113202 131488558 X CURRY COLLEGE IS AN INCLUSIVE COMMUNITY OF DIVERSE LEARNERS AND EDUCATORS, COMMITTED TO CONTINUING OUR LEGACY OF DEVELOPING EFFECTIVE COMMUNICATORS WITH REFLECTIVE AND CRITICAL THINKING SKILLS. false false 57106710 28893053 83577373 INSTRUCTION - FOUNDED IN 1879, CURRY COLLEGE IS A 136 YEAR OLD PRIVATE, INDEPENDENT INSTITUTUTION GRANTING UNDERGRADUATE AND GRADUATE DEGREES TO A COMBINED ENROLLMENT OF APPROXIMATELY 3,800 STUDENTS. THE COLLEGE OFFERS 22 UNDERGRADUATE DEGREES AND FOUR MASTERS DEGREES. THE COLLEGE DRAWS ITS STUDENTS FROM 32 STATES AND 13 COUNTRIES. THE COMBINED FACULTY AND STAFF AT CURRY TOTAL APPROXIMATELY 900. 19820602 STUDENT SERVICES - CURRY COLLEGE OFFERS A WIDE VARIETY OF EXTRA AND CO-CURRICULAR ACTIVITIES. THESE INCLUDE FOURTEEN DIVISION III NCAA ATHLETIC TEAMS, INTRAMURAL SPORTS AND APPROXIMATELY 35 STUDENT CLUBS AND GROUPS. 11649614 21386982 AUXILIARY ENTERPRISES - CURRY COLLEGE PROVIDES HOUSING AND MEAL SERVICES TO STUDENTS. MORE THAN 1,300 STUDENTS RESIDE ON CAMPUS IN 19 DIFFERENT RESIDENCE HALLS. 8818410 210152 ACADEMIC SUPPORT 8818410 210152 97395336 true true false false false false false false false true true true false false true true true false true false true false true false true false false true true true true false false false false false false false false false false false false false false false false false false false true 4263 0 true 1749 true false false false false false true true false false false false X 17 16 false false false false false false false true true false false true true true true true true true true false MA X X DAVID NERENBERG-DIR OF FINAN 6173332012 1071 BLUE HILL AVE MILTON MA 02186 Dr salvatore a balsamo trustee (thru May 2015) 1.0 0.0 X 0 0 0 anthony m campo esq chair 1.0 0.0 X X 0 0 0 dr ruth ellen fitch esq trustee 1.0 0.0 X 0 0 0 david k hemenway trustee 1.0 0.0 X 0 0 0 w patrick hughes trustee 1.0 0.0 X 0 0 0 john w keith clerk 1.0 0.0 X X 0 0 0 vincent j lombardo trustee 1.0 0.0 X 0 0 0 john t mahoney iii esq trustee 1.0 0.0 X 0 0 0 Dr Joyce A Murphy Trustee 1.0 0.0 X 0 0 0 Robert M Platt Trustee 1.0 0.0 X 0 0 0 Joseph P Plunkett Trustee 1.0 0.0 X 0 0 0 Mitchell I Quain Trustee 1.0 0.0 X 0 0 0 Thomas J Quinlan III Trustee 1.0 0.0 X 0 0 0 Curtis Rodman Trustee 1.0 0.0 X 0 0 0 Dr John J Santilli Trustee 1.0 0.0 X 0 0 0 Kathryn M Sardella Trustee 1.0 0.0 X 0 0 0 Dr James M Sullivan vice chair & TREASURER 1.0 0.0 X X 0 0 0 KENNETH K QUIGLEY JR PRESIDENT 40.0 0.0 X X 497234 0 61598 RICHARD F SULLIVAN chief financial officer 40.0 0.0 X 318924 0 44722 Christopher M Lawson VP Institutional Advancement 40.0 0.0 X 247756 0 38773 SUSAN W PENNINI dean of institutional planning 40.0 0.0 X 211884 0 30426 Maryellen M Kiley Dean of Student Affairs 40.0 0.0 X 189546 0 35425 JANE FIDLER DEAN OF ADMISSIONS 40.0 0.0 X 191226 0 19778 DENNIS THIBEAULT CHIEF INFORMATION OFFICER 40.0 0.0 X 174175 0 20573 1830745 0 251295 65 false true false ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 STUDENT RECRUITMENT 990666 HOLLAND KNIGHT LLP PO BOX 864084 11050 LAKE UNDERHI ORLANDO FL 32825 LEGAL 316283 GRANT THORNTON LLP 75 STATE STREET BOSTON MA 02109 AUDIT & TAX 202915 3 12199 284427 1929934 5292 2226560 TUITION AND FEES 900099 83577373 83577373 RESIDENCE HALLS 721000 12428297 12428297 BOOKSTORE 451211 185766 185766 MEAL PLANS 722320 8772919 8772919 104964355 6521068 6100912 0 0 0 0 0 0 4365722 4365722 4365722 4365722 30258 12199 17797 12461 12461 0 0 SPORTS CAMP REVENUE 900099 649752 649752 DAYCARE AND OTHER VENDING 624410 644545 644545 FACILITIES REVENUE 900099 524086 524086 32784 32784 1851167 119941333 104964355 12330262 210152 210152 28799003 28799003 94050 94050 0 1147695 1032538 102932 12225 0 34737974 31252466 3115496 370012 2247493 2021986 201568 23939 5493304 4942122 492670 58512 2547690 2292062 228491 27137 0 297577 297577 107572 107572 0 0 420156 420156 1045623 896795 148539 289 946823 874130 59992 12701 3675807 3026733 618924 30150 895918 796684 92282 6952 5287 5287 4579334 4114443 426261 38630 848501 752883 78622 16996 0 1927643 1664930 186108 76605 3236760 3026469 121745 88546 0 6375529 5919517 357963 98049 805578 798821 6757 DINING 3834636 3834636 OTHER CONTRACTOR SERVICES 472075 306707 155483 9885 ALL OTHER EXPENSES 1009524 732922 276013 589 105761704 97395336 7495151 871217 75466 88703 869941 907083 242500 187500 1302723 1244577 0 0 0 0 238884 224522 0 0 851961 803662 170929565 66314465 93295573 104615100 90334295 96637468 18064593 20768800 0 0 0 0 22672104 5409765 227948040 230887180 14013689 10814417 0 0 2546466 2535755 88209876 84575061 0 0 0 0 0 0 0 0 1064807 1473389 105834838 99398622 X 116745601 127718053 3543173 2468134 1824428 1302371 122113202 131488558 227948040 230887180 X 14179629 -3996661 -807612 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90423929 705469 6154441 100070 2324216 94859553 76016943 4514485 10284278 84318 307459 90423929 61535483 2484100 12382502 88163 296979 76016943 57473904 5311436 -859624 51952 338281 61535483 40738024 9569256 7513959 73267 274068 57473904 0.96000 0.01400 0.02600 false false 0 2672481 2672481 0 130633336 38157604 92475732 0 361357 359533 1824 0 27987492 23276464 4711028 0 9274899 4520864 4754035 104615100 REPURCHASE AGREEMENTS W BANKS 282513 F OVERNIGHT SWEEP ACCOUNT W BANK 20486287 F 20768800 0 STUDENT DEPOSITS 1202200 GOVERNMENT ADVANCES - STUDENT 234109 AGENCY FUNDS 37080 1473389 X 86631463 -3996661 -3996661 90628124 420156 28893053 29313209 119941333 77256107 807612 807612 76448495 420156 28893053 29313209 105761704 Schedule D, Part V, Line 4 THE COLLEGE INTENDS TO USE ALL OF ITS ENDOWMENT FUNDS IN SUPPORT OF ITS EXEMPT PURPOSE. EXTERNALLY RESTRICTED FUNDS WILL BE USED IN A MANNER CONSISTENT WITH DONOR RESTRICTIONS, INCLUDING SCHOLARSHIPS, FACILITIES AND VARIOUS STUDENT SERVICES. THE SPECIFIC USE OF UNRESTRICTED FUNDS WILL BE AS APPROVED BY THE COLLEGE'S GOVERNING BOARD ON NEEDS IDENTIFIED AT THE TIME. Schedule D, Part X, Line 2 The College is a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code, as amended (the Code), and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The College is required to assess uncertain tax positions and has determined that there were no such positions that are material to the financial statements. Schedule D, Part XII, Line 2D FOR PURPOSES OF 990 REPORTING, TOTAL FUNCTIONAL EXPENSES REPRESENT ALL OPERATING EXPENSES OF THE COLLEGE. FORM 990, PART IX DOES NOT INCLUDE THE LOSS ON EXTINGUISHMENT OF DEBT IN THE AMOUNT OF $807,612 THAT IS REPORTED ON THE COLLEGE'S AUDITED STATEMENT OF ACTIVITIES. Schedule D, Part XI, Line 4B and Part XII, Line 4b Total revenue per the audited financial statements is presented net of institutional scholarships and investment management fees. For purposes of 990 reporting, total revenues and expenses per the audited financial statements have been grossed up by institutional scholarships of $28,893,053. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 CURRY COLLEGE IS AN INDEPENDENT NONSECTARIAN INSTITUTION THAT ADMITS STUDENTS WHO HAVE THE NECESSARY PREPARATION AND ACADEMIC BACKGROUND TO MEET THE REQUIREMENTS OF THE COLLEGE. NO STUDENT IS DENIED ADMISSION ON THE GROUNDS OF RACE, RELIGION, COLOR, SEX, AGE, ETHNIC OR NATIONAL ORIGIN OR ANCESTRY, PHSYSICAL OR MENTAL DISABILITY, PREGNANCY, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, GENETIC INFORMATION, VETERAN OR MILITARY STATUS, MEMBERSHIP IN THE UNIFORMED SERVICES, OR ANY OTHER PROTECTED STATUS AND PROVIDED THAT HE OR SHE HAS THE NECESSARY PREPARATION AND ACADEMIC BACKGROUND. THIS INFORMATION IS PUBLISHED IN VARIOUS LITERATURE PROMOTING THE COLLEGE AND THE ANNUAL CURRY COLLEGE COURSE CATALOG. THE COLLEGE'S NONDISCRIMINATION POLICY CAN BE FOUND ON ITS WEBSITE AT WWW.CURRY.EDU. Schedule E, Part I, Line 6a CERTAIN STUDENTS OF THE COLLEGE RECEIVE FINANCIAL AID FROM THE STATE AND FEDERAL GOVERNMENTS IN THE FORM OF GRANTS AND LOANS UNDER THE FEDERAL PELL GRANT, WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK-STUDY, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, FEDERAL PERKINS LOAN PROGRAM, AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT. true Europe (Including Iceland and Greenland) Program Services Study Abroad 125740 Europe (Including Iceland and Greenland) Grantmaking Scholarships 94050 219790 219790 Curry Scholarships Europe (Including Iceland and Greenland) 12 94050 Part V false false false false false false Schedule F, Part I, Line 2 The student does not have any discretion on how funds are used; all funds are used to defray the costs of participating in the program, therefore, the college is not required to further monitor the use of the funds. Schedule F Part III Column (E) SCHOLARSHIP FUNDS ARE APPLIED DIRECTLY AGAINST STUDENTS' ACCOUNT BALANCES AND PAID DIRECTLY TO PARTICIPATING STUDY ABROAD PROGRAMS. NO CASH IS PROVIDED DIRECTLY TO THE STUDENTS. FOOTBALL GOLF 21020 7380 13640 9860 162 1238 HOCKEY GOLF 21437 4819 16618 6103 120 314 0 42457 12199 30258 15963 282 1552 17797 12461 true Town of Milton 525 Canton Ave Milton MA 02186 046001228 gov't 80232 Milton Pilot New England Council Inc 98 N Washington St Boston MA 02114 041661090 501(c)(6) 6000 Sponsorship Rodman Ride for Kids 10 Lincoln Road Foxboro MA 02035 043329283 501(c)(3) 15000 Sponsorship BETH ISRAEL DEACONNESS HOSPITAL 199 Reedsdale Road MILTON MA 02186 042103881 501(C)(3) 7500 SPONSORSHIP B'NAI B'RITH NEW ENGLAND REALTY 34 WASHINGTON STREET BRIGHTON MA 02135 562423180 501(C)(3) 10000 SPONSORSHIP CAPE COD BASEBALL LEAGUE PO BOX 266 HARWICHPORT MA 02646 042687718 501(C)(3) 15000 SPONSORSHIP MILTON FOUNDATIN FOR EDUCATION PO BOX 223 MILTON MA 02186 043307338 501(C)(3) 10000 SPONSORSHIP MILTON HIGH SCHOOL BOOSTERS 25 GILE ROAD MILTON MA 02186 465437759 501(C)(3) 7500 SPONSORSHIP MILTON LIBRARY FOUNDATION PO BOX 314 MILTON MA 02186 043614024 501(C)(3) 10000 SPONSORSHIP 8 1 Curry College Institutional Scholarship 1950 28077234 Stipends 161 628700 Tuition Discounts 15 93069 Schedule I, Part I, Line 2 THE COLLEGE ISSUES SCHOLARSHIPS TO STUDENTS WHO ARE REQUIRED TO MATRICULATE AT THE COLLEGE. THE STUDENT DOES NOT HAVE ANY DISCRETION ON HOW FUNDS ARE USED; ALL FUNDS ARE USED TO DEFRAY THE COSTS OF PARTICIPATING IN THIS PROGRAM, THEREFORE, THE COLLEGE IS NOT REQUIRED TO FURTHER MONITOR THE USE OF THE FUNDS. THE COLLEGE MAINTAINS A COMPUTERIZED SYSTEM WITH INTEGRATED CONTROLS TO ENSURE THAT SCHOLARSHIPS AWARDS ARE MADE IN ACCORDANCE WITH ESTABLISHED CRITERIA AS APPROVED BY SENIOR MANAGEMENT AND FEDERAL AND STATE AUTHORITIES, AS APPROPRIATE. A SERIES OF REPORTS HAVE BEEN DEVELOPED AND ARE USED BY MANAGEMENT TO IDENTIFY AND ADDRESS ANY EXCEPTIONS. ANNUALLY, THE COLLEGE'S FINANCIAL AID AWARDING PROCESS IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE UNITED STATES ARE REVIEWED AND APPROVED BY THE COLLEGE'S PRESIDENT AND CHIEF FINANCIAL OFFICER. IN EACH CASE, THE COLLEGE IS AWARE OF THE CHARITABLE USE OF THE FUNDS, WHICH IS TYPICALLY FOR THE GENERAL PURSUIT OF THE RECEIVING ORGANIZATION'S EXEMPT PURPOSES AND NOT EARMARKED FOR A SPECIFIC USE. THE COLLEGE BELIEVES IN EACH INSTANCE THAT THESE FORMS OF ASSISTANCE ARE IN THE COLLEGE'S BEST INTEREST IN PROMOTING ITS IMAGE AND THE PURSUIT OF ITS EXEMPT PURPOSE. X X X X false true X X X X X false false false false false false false true false KENNETH K QUIGLEY JR PRESIDENT 408003 0 75000 0 14231 0 17958 0 43640 0 558832 0 0 0 RICHARD F SULLIVAN chief financial officer 284563 0 0 0 34361 0 17723 0 26999 0 363646 0 0 0 Christopher M Lawson VP Institutional Advancement 191456 0 35000 0 21300 0 13909 0 24864 0 286529 0 0 0 SUSAN W PENNINI dean of institutional planning 176110 0 35000 0 774 0 12359 0 18067 0 242310 0 0 0 Maryellen M Kiley Dean of Student Affairs 143621 0 30000 0 15925 0 10561 0 24864 0 224971 0 0 0 JANE FIDLER DEAN OF ADMISSIONS 139514 0 35000 0 16712 0 9831 0 9947 0 211004 0 0 0 DENNIS THIBEAULT CHIEF INFORMATION OFFICER 171487 0 1500 0 1188 0 10272 0 10301 0 194748 0 0 0 Schedule J, Part I, Line 1a RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES THE COLLEGE PROVIDES A RESIDENCE FOR PERSONAL USE, AS WELL AS MAINTAINS THIS RESIDENCE FOR THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE IN THIS RESIDENCE AS A CONDITION OF EMPLOYMENT. THIS RESIDENCE IS LOCATED ON THE COLLEGE'S CAMPUS AND THIS RESIDENCE IS FURNISHED FOR CURRY'S CONVENIENCE. THE NON-BUSINESS RELATED PORTION OF THE HOUSING BENEFIT WAS TREATED AS NON-TAXABLE COMPENSATION. THE NON-BUSINESS RELATED PORTION OF THE PERSONAL SERVICES AT THE PRESIDENT'S RESIDENCE WAS TREATED AS TAXABLE INCOME TO THE PRESIDENT AND REPORTED ON PART II COLUMN (B)(III). TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE COLLEGE PROVIDES TAX INDEMNIFICATION AND GROSS-UP PAYMENTS RELATED TO THE PERSONAL USE OF COLLEGE PROVIDED VEHICLES FOR THE VP OF INSTITUTIONAL ADVANCEMENT, DEAN OF STUDENTS, AND THE DEAN OF ADMISSIONS. THIS BENEFIT IS ALSO PROVIDED TO ADMISSIONS COUNSELORS. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION FOR THESE LISTED INDIVIDUALS AND IS REPORTED ON PART II COLIMN (B)(III). SOCIAL CLUB DUES THE COLLEGE PROVIDES ITS VP FOR INSTITUTIONAL ADVANCEMENT WITH MEMBERSHIP TO A SOCIAL CLUB WHICH IS USED SOLELY FOR BUSINESS PURPOSES FOR FUNDRAISING ACTIVITY. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION FOR THIS INDIVIDUAL. PART I, LINE 1B THE COLLEGE REIMBURSES ALL EMPLOYEES, INCLUDING ITS OFFICERS, KEY EMPLOYEES, AND SENIOR LEVEL STAFF FOR EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE COLLEGE. REIMBURSEMENTS FOR OFFICERS, KEY EMPLOYEES, AND SENIOR LEVEL STAFF ARE REVIEWED BY THE CFO AND/OR PRESIDENT, AS APPROPRIATE. PART I, LINE 4 THE COLLEGE HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT THAT PROVIDES FOR COMPENSATION PAYMENTS TO BE MADE IF THE EMPLOYEE IS TERMINATED FOR REASONS OTHER THAN CAUSE. NO TERMINATION OF EMPLOYMENT PAYMENTS HAVE BEEN MADE UNDER THE TERMS OF THIS AGREEMENT. PART I, LINE 7 ON AN ANNUAL BASIS THE BOARD OF TRUSTEES, THROUGH ITS FINANCE AND PHYSICAL FACILITIES COMMITTEE, APPROVES DISCRETIONARY BONUSES PRIOR TO PAYMENT, INCLUDING THOSE REFLECTED IN FORM 990 SCHEDULE J, PART II. PURSUANT TO THE COLLEGE'S BOARD APPROVED COMPENSATION POLICY FOR THE LISTED INDIVIDUALS, THE AMOUNTS ARE BASED ON INDIVIDUAL PERFORMANCE AND A REVIEW OF THE EMPLOYEE'S TOTAL COMPENSATION IN COMPARISON TO THOSE IN SIMILAR ROLES AT OTHER organizations. THE BOARD'S REVIEW OF THIS COMPARABLE DATA AND ITS APPROVAL OF THE DISCRETIONARY BONUSES IS DOCUMENTED CONTEMPORANEOUSLY IN ITS MINUTES. A MASSACHUSETTS DEVELOPMENT FINANCE agency 043431814 57583RGB5 2006-08-16 35514127 SEE DESCRIPTION IN PART VI false false false B MASSACHUSETTS DEVELOPMENT FINANCE agency 043431814 000000000 2013-12-20 42000000 SEE DESCRIPTION IN PART VI false false false C MASSACHUSETTS DEVELOPMENT FINANCE agency 043431814 999999999 2015-01-30 15350000 SEE DESCRIPTION IN PART VI false false false A 4390000 0 38607651 2436088 782441 0 444458 622293 0 33749442 572929 0 2009 false false true true B 3115000 0 42078756 0 14356 0 323785 0 0 16496230 23629724 1614661 2015 true false true true C 561080 0 15350000 0 0 0 147160 0 0 0 15202840 0 true false true true A false true true true false 0 false false false true B true true true false 0.00570 0.00570 false false false true C false true true true false 0.06420 0.06420 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false true false false false 0 false 0 false true A true B true C true Schedule K, Part I, Line A, Column F BONDS WERE ISSUED TO DEMOLISH AN EXISTING STUDENT CENTER AND CONSTRUCT A NEW STUDENT CENTER, CONSTRUCTION OF A NEW ACADEMIC BUILDING, AND EXPANSION AND RENOVATION OF AN EXISTING ADMINISTRATIVE OFFICE BUILDING. SCHEDULE K, PART I, LINE B, COLUMN F BONDS WERE ISSUED TO REFUND THE COLLEGE'S OUTSTANDING 1999, 2000 AND 2003 SERIES DEBT. IN ADDITION A PORTION OF BOND PROCEEDS WERE USED TO CONSTRUCT A RESIDENCE HALL, RENOVATE AN EXISTING PROPERTY, AND OTHER CAPITAL IMPROVEMENTS. SCHEDULE K, PART I, LINE C, COLUMN F bonds were isseud to refund the college's outstanding 2005 series debt. SCHEDULE K, PART II, LINE 3, COLUMNS A, B, C TOTAL PROCEEDS OF ISSUE INCLUDE INVESTMENT EARNINGS GENERATED ON FUNDS HELD IN RESERVE FUNDS FOR EACH OF THE RESPECTIVE ISSUES. SCHEDULE K, PART III, LINE 4, COLUMNS A, B, C THE COLLEGE HAS ESTABLISHED PROCEDURES TO MONITOR PRIVATE BUSINESS USE ARRANGEMENTS PERTAINING TO ALL FACILITIES IT HAS FINANCED OR REFINANCED WITH TAX-EXEMPT BONDS, AND THE COLLEGE MONITORS ALL SUCH USES ON AN ANNUAL OR MORE FREQUENT BASIS. THE MONITORING IS INTENDED TO ENSURE THAT OVER THE TERM TO MATURITY OF EACH SUCH BOND ISSUE, THE COLLEGE WILL NOT EXCEED THE AGGREGATE PRIVATE BUSINESS USE LIMITATION APPLICABLE TO ANY ISSUE. SCHEDULE K, PART IV, LINE 2C, COLUMNS A, B, C THE COLLEGE PERFORMS REBATE COMPUTATIONS ANNUALLY ON ALL OF ITS TAX-EXEMPT BONDS. THE MOST RECENT COMPUTATIONS WERE PERFORMED AS OF 12/20/15. Form 990, Part III, LINE 4D ACADEMIC SUPPORT - CURRY COLLEGE ACADEMICALLY SUPPORTS STUDENTS WITH OUR ACADEMIC ENRICHMENT CENTER AND CAMPUS LIBRARY. IN ADDITION, THE CAMPUS IS CONNECTED BY A NETWORK THAT LINKS ALL ACADEMIC FACILITIES AND RESIDENCE HALLS ENABLING STUDENTS DIRECT ACCESS TO E-MAIL, LIBRARY SOURCES AND THE INTERNET. Form 990, Part VI, Line 11b THE FORM 990 WAS PREPARED BY THE COLLEGE'S INDEPENDENT TAX FIRM with information provided by management AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CONTROLLER. A COMPLETE COPY OF THE 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FORM 990 BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c THE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES, ONE THAT COVERS ALL BOARD MEMBERS AND A SECOND THAT COVERS ALL EMPLOYEES. BOTH POLICIES ARE UNDER THE OVERSIGHT OF THE BOARD OF TRUSTEES. THE COLLEGE DISTRIBUTES AN ANNUAL QUESTIONNAIRE TO BE COMPLETED BY OFFICERS AND THE BOARD OF TRUSTEES. THE CFO AND/OR PRESIDENT REVIEW POTENTIAL CONFLicTS OF INTEREST BY EMPLOYEES AND ALL NON-INTERESTED TRUSTEES REVIEW POTENTIAL CONFLICTS OF INTEREST BY TRUSTEES. THE PERSON WITH THE POTENTIAL CONFLICT WOULD PROVIDE INFORMATION TO THE BOARD OR CFO/PRESIDENT AS APPLICABLE. IN THE CASE OF TRUSTEES WITH A POTENTIAL CONFLICT OF INTEREST, THEY WOULD LEAVE THE BOARD MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT WHICH RESULTED IN THE CONFLICT. Form 990, Part VI, Line 15a AND 15B THE COLLEGE HAS A COMPENSATION POLICY WHICH COVERS THE CEO (PRESIDENT), CFO, AND ALL OTHER SENIOR MANAGEMENT. FOR THE CEO AND CFO POSITIONS, AN INDEPENDENT CONSULTANT IS ENGAGED TO PREPARE A REPORT THAT COMPARES THE COMPENSATION OF THESE POSITIONS TO PEER INSTITUTIONS, OTHER NOT FOR PROFIT ORGANIZATIONS AS WELL AS TO THE GENERAL INDUSTRY. FOR ALL OTHER SENIOR MANAGEMENT POSITIONS, THE DIRECTOR OF HUMAN RESOURCES UTILIZES SURVEY INFORMATION TO PROVIDE COMPARABILITY DATA. THE PROCESSES ARE UNDERTAKEN ON a regular BASIS, MOST RECENTLY AUGUST 2014. THE COMPENSATION FOR THESE INDIVIDUALS IS APPROVED BY THE FINANCE AND PHYSICIAL FACILITIES COMMITTEE OF THE BOARD OF TRUSTEES, AND THERE IS CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISIONS REGARDING COMPENSATION. Form 990, Part VI, Line 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMenTS AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: LOSS ON EXTINGUISHMENT OF DEBT = $807,612