2015-04-27T09:22:25-05:00 2014-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2013-07-01 060646587 CONNECTICUT COLLEGE % CONTROLLER'S OFFICE CONN 8604392081 270 MOHEGAN AVENUE Suite NEW LONDON CT 063204196 PAUL L MARONI VP FOR FINANCE 8604392088 2015-04-27 true Mary-Evelyn Antonetti P00431862 8604392088 2013 2016-02-25 16:41:14Z PAUL L MARONI 270 MOHEGAN AVENUE NEW LONDON CT 06320 179406000 false X WWW.CONNCOLL.EDU X 1911 CT CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION SEE SCHEDULE O. 29 28 2387 1105 -185000 0 17700000 18201000 109508000 112113000 20120000 20161000 2099000 525000 149427000 151000000 31000000 30090000 0 0 65477000 68166000 0 0 6237000 38739000 43221000 135216000 141477000 14211000 9523000 408329000 443377000 95557000 95146000 312772000 348231000 X CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION SEE SCHEDULE O. false false 81897000 30073000 81386000 *UNDERGRADUATE INSTRUCTION* THE TEACHING OF UNDERGRADUATE STUDENTS WORKING TOWARDS A FOUR-YEAR DEGREE IN ONE OF THE VARIOUS LIBERAL ARTS AND SCIENCES MAJORS OFFERED BY CONNECTICUT COLLEGE. THE COLLEGE'S ACADEMIC PROGRAMS IN THE ARTS, HUMANITIES, SCIENCES, AND SOCIAL SCIENCES ARE DESIGNED TO SHAPE ETHICAL, INFORMED CITIZENS WITH A GLOBAL PERSPECTIVE. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A STUDENT-FACULTY RATIO OF 9:1, FORTY-ONE MAJORS, 162 FULL-TIME PROFESSORS, LANGUAGE STUDY, RESIDENTIAL EDUCATION PROGRAMS, CERTIFICATE PROGRAMS, PRE-LAW, PRE-HEALTH AND PRE-BUSINESS PROGRAMS, AND SUPPORT FOR PURSUING FELLOWSHIPS AND SCHOLARSHIPS. 20723000 21620000 *AUXILIARY SERVICES* AUXILIARY SERVICES INVOLVES RUNNING THE COLLEGE'S NUMEROUS DORMITORIES AND DINING FACILITIES. CONNECTICUT COLLEGE IS A RESIDENTIAL CAMPUS. NINETY-EIGHT PERCENT OF STUDENTS LIVE ON CAMPUS IN 23 RESIDENCE HALLS. FOUR DINING HALLS ON CAMPUS SERVE OUR STUDENTS IN A VARIETY OF CAPACITIES. THE COLLEGE EXTENDS THE TEACHING AND LEARNING EXPERIENCE WITHIN THE DORMITORIES. 4483000 3915000 6288000 *STUDY AWAY* STUDY AWAY IS AN OPPORTUNITY FOR QUALIFIED STUDENTS TO STUDY AWAY FOR CREDIT ABROAD OR ELSEWHERE IN THE US. THE COLLEGE HAS A LONG TRADITION OF RECOGNIZING THE IMPORTANCE OF INT'L STUDIES AND STUDY AWAY AS REFLECTED IN OUR MISSION STATEMENT: "CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY". 55% OF THE COLLEGE'S STUDENTS STUDY AWAY DURING THEIR JUNIOR YEAR THROUGH CAREFULLY SELECTED PROGRAMS. OUR STUDY AWAY/TEACH AWAY SENDS 10-20 STUDENTS AND FACULTY TO HOST INSTITUTIONS THROUGHOUT THE WORLD TO COMPLETE A FULL SEMESTER OF SCHOLARLY ACTIVITY WHILE BEING IMMERSED IN THE LOCAL CULTURE. 5595000 130000 2627000 112698000 true true false true false false false true false true true true false false true true true false true true true true true false false false false false true true true false false false false false false false false true false true false false false false true true true false false true X 483 0 true 2387 true true true true VM CJ false false false false false false X 29 28 false false false false false false false true true false false false true true true true true true true true true CT NY X CONTROLLER'S OFFICE 8604392081 270 MOHEGAN AVENUE NEW LONDON CT 063204196 LEO I HIGDON JR PRESIDENT 38.0 X X 1096699 0 80575 DEBO P ADEGBILE TRUSTEE 1.0 X 0 0 0 LAURA J ALLEN TRUSTEE 1.0 X 0 0 0 DAVID W BARBER TRUSTEE 1.0 X 0 0 0 BRADFORD T BROWN TRUSTEE 1.0 X 0 0 0 CHRISTY BURKE TRUSTEE 1.0 X 0 0 0 EDUARDO CASTELL TRUSTEE 1.0 X 0 0 0 JONATHAN COHEN TRUSTEE 1.0 X 0 0 0 KEVON COPELAND TRUSTEE 1.0 X 0 0 0 SARAH FENTON TRUSTEE 1.0 X 0 0 0 DEFRED G FOLTS TRUSTEE 1.0 X 0 0 0 SCOTT W HAFNER TRUSTEE 1.0 X 0 0 0 MAURA MOHAN HALLISEY TRUSTEE (FROM 7/1/13) 1.0 X 0 0 0 MARK IGER TRUSTEE 1.0 X 0 0 0 W ESTRELLA JOHNSON TRUSTEE 1.0 X 0 0 0 KENNETH KABEL TRUSTEE 1.0 X 0 0 0 DAVID B KELSO TRUSTEE 1.0 X 0 0 0 ANNIE SCOTT TRUSTEE 1.0 X 0 0 0 TIMOTHY YARBORO FROM 7113 TRUSTEE 1.0 X 0 0 0 PAMELA D ZILLY TRUSTEE 1.0 X 0 0 0 MARTHA JOYNT KUMAR TRUSTEE (FROM 7/1/13) 1.0 X 0 0 0 LAURIE NORTON MOFFAT TRUSTEE (FROM 7/1/13) 1.0 X 0 0 0 GARY NG TRUSTEE 1.0 X 0 0 0 ANAKENA C PADDON TRUSTEE 1.0 X 0 0 0 DAVID H PALTEN TRUSTEE 1.0 X 0 0 0 MARIA C PELLEGRINI TRUSTEE 1.0 X 0 0 0 SHARIS POZEN TRUSTEE (FROM 7/1/13) 1.0 X 0 0 0 KAREN QUINT TRUSTEE 1.0 X 0 0 0 GEORGE S ROGERS TRUSTEE 1.0 X 0 0 0 PAUL L MARONI OFFICER 38.0 X 251899 0 72805 ROGER BROOKS OFFICER 38.0 X 223582 0 23391 BONNIE J WELLS SECRETARY OF THE COLLEGE 38.0 X 75618 0 8321 MARTHA CASWELL MERRILL DEAN OF ADMISSIONS 38.0 X 168219 0 37292 THOMAS AMMIRATI PROFESSOR 38.0 X 300156 0 12277 GREGORY T WALDRON VP ADVANCEMENT 38.0 X 197725 0 41855 ULYSSES B HAMMOND VP ADMINISTRATION 38.0 X 224719 0 25118 PATRICIA M CAREY VP COLLEGE RELATIONS 38.0 X 186814 0 70472 CAROLYN C DENARD DEAN OF THE COLLEGE 38.0 X 173430 0 18283 2898861 0 390389 47 false true false XPLORE PRODUCTIONS INC PO BOX 454 OLD LYME CT 06370 PRODUCTION COMPANY 563000 SCHWARTZ SILVER ARCHITECTS INC 75 KNEELAND STREET BOSTON MA 02111 ARCHITECHTS 514153 RMF ENGINEERING INC 5520 RESEARCH PARK DRIVE BALTIMORE MD 21228 ENGINEERS 251058 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02210 INVESTMENT ADVISORS 210375 KPMG LLP PO BOX 120001 DALLAS TX 75312 AUDIT FIRM 147250 8 858000 17343000 5012000 18201000 TUITION 611710 81386000 81386000 ROOM AND BOARD, AUX. SERVICES 721310 21620000 21620000 STUDY AWAY 611710 6288000 6288000 CONFERENCE REVENUE 900099 983000 798000 185000 OTHER PROGREAM SERVICE REVENUE 900099 1836000 1829000 7000 112113000 12232000 -377000 12609000 0 0 189000 162000 27000 0 27000 27000 20771000 15402000 15941000 12303000 4830000 3099000 7929000 7929000 0 0 0 BOOKSTORE 451211 116000 116000 SNACK SHOP REVENUE 713940 382000 382000 498000 151000000 111921000 -185000 21063000 0 30072000 30072000 18000 18000 0 1986000 648000 1146000 192000 137999 137999 49451001 39949001 6493000 3009000 3864000 2975000 541000 348000 9290000 7349000 1429000 512000 3437000 2647000 481000 309000 0 169000 2000 167000 193000 193000 0 0 4185000 4185000 2001000 879000 486000 636000 70000 50000 20000 6603000 5422000 875000 306000 798000 273000 525000 6000 6000 7675000 5557000 1532000 586000 1881000 1661000 115000 105000 0 295000 80000 198000 17000 3079000 2592000 422000 65000 0 8826000 6593000 2146000 87000 792000 792000 BOOKS AND PERIODICALS 1471000 1452000 12000 7000 STUDY AWAY PROGRAM 4028000 4028000 LICENSES, FEES, AND PERMITS 230000 122000 67000 41000 MEMBERSHIPS 227000 99000 126000 2000 692000 86000 591000 15000 141477000 112698000 22542000 6237000 23000 23000 18470000 16240000 24906000 19787000 324000 221000 0 0 0 0 1963000 1878000 1246000 625000 977000 1171000 250399000 140339000 108820000 110060000 131500000 161107000 104364000 115651000 0 0 0 0 15736000 16614000 408329000 443377000 17100000 16775000 0 0 2380000 2770000 68485000 67520000 0 0 0 0 0 0 0 0 7592000 8081000 95557000 95146000 X 76872000 81210000 91162000 114188000 144738000 152833000 312772000 348231000 408329000 443377000 X 9523000 24494000 1442000 X false true X true true true X 16186000 16869000 24105000 17700000 18201000 93061000 0 0 16186000 16869000 24105000 17700000 18201000 93061000 2411895 90649105 3810000 5446000 5198000 11817000 12798000 39069000 406000 375000 74000 64000 -185000 734000 566000 548000 555000 538000 498000 2705000 135569000 532449000 0.66866 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true SCHEDULE C, PART II-B LINE 1(I) THE COLLEGE PAYS DUES TO VARIOUS ORGANIZATIONS, SOME PORTION OF WHICH MAY BE USED IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. X X X false 228081000 9316000 39443000 5190000 3417000 268233000 202750000 2417000 26920000 4764000 -758000 228081000 203713000 2788000 1140000 4391000 500000 202750000 171527000 3474000 37034000 4584000 3738000 203713000 157694000 2976000 20045000 4852000 4336000 171527000 0.17000 0.83000 true true true 1080000 1080000 176287000 87646000 88641000 337000 246000 91000 49070000 42835000 6235000 23625000 9612000 14013000 110060000 PRIVATE EQUITY 13812000 F VENTURE CAPITAL 12849000 F HEDGE FUNDS 49812000 F INFLATION HEDGING 32055000 F DISTRESSED DEBT 7123000 F 115651000 0 OBLIGATIONS- CAPITAL LEASE 1647000 INTEREST AGREEMENTS 4822000 FOR STUDENT LOANS 1612000 8081000 X 142910000 24494000 1442000 25936000 116974000 4185000 29841000 34026000 151000000 107451000 162000 162000 107289000 4185000 30003000 34188000 141477000 PART III, LINE 1A SFAS 116 (ASC 958) FOOTNOTE LIBRARY AND ART COLLECTIONS ARE NOT RECOGNIZED IN ASSETS ON THE BALANCE SHEET. PURCHASES OF SUCH COLLECTIONS ARE RECORDED AS DECREASES IN NET ASSETS IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. PART III, LINE 4 ORGANIZATION'S COLLECTIONS THE CHARLES E. SHAIN LIBRARY HOLDS APPROXIMATELY 300 PIECES OF ART, AS WELL AS 25,000 RARE BOOKS AND 1,300 LINEAR FEET OF MANUSCRIPTS, PHOTOGRAPHS AND OTHER ARCHIVAL MATERIAL. MOST OF THE ART COLLECTIONS CONSIST OF 20TH CENTURY CHINESE PAINTINGS AND JAPANESE PRINTS. THERE IS ALSO A SMALL NUMBER OF CONTEMPORARY OIL PAINTINGS ON CANVAS BY COLLEGE FACULTY, AND THREE BY THE FRENCH ARTIST LEON BRUNET. BOOKS AND ARCHIVAL MATERIALS ARE ROUTINELY USED IN CLASSROOM INSTRUCTION AS WELL AS FOR STUDENT PROJECTS. ARTWORK IS USED FOR OCCASIONAL CLASSROOM INSTRUCTION AND IS ROTATED THROUGH THE EXHIBIT SPACE IN THE CHARLES CHU ASIAN ART READING ROOM. THE CONNECTICUT COLLEGE ARBORETUM IS 750 ACRES OWNED BY CONNECTICUT COLLEGE AND OPERATED FOR THE BENEFIT OF THE COLLEGE AND THE COMMUNITY.THE ARBORETUM FUNCTIONS IN SUPPORT OF THE COLLEGE'S MISSION BY HELPING TO PREPARE MEN AND WOMEN FOR A LIFETIME OF LEARNING ABOUT AND INTERACTING WITH THE NATURAL WORLD. THIS IS ACCOMPLISHED BY PROVIDING AN OUTDOOR LABORATORY FOR USE BY FACULTY AND STUDENTS TO SUPPORT AND CONDUCT RESEARCH IN A BROAD RANGE OF SUBJECTS, INCLUDING ECOLOGY, FIELD BIOLOGY, CONSERVATION AND NATURAL HISTORY. THE ARBORETUM PROVIDES STEWARDSHIP OF COLLEGE LANDS BY PROTECTING, SUSTAINING AND ENHANCING BIOLOGICAL DIVERSITY OF LARGE TRACTS OF OPEN SPACE, AND PROVIDES LEADERSHIP STATEWIDE AND BEYOND IN CONSERVATION MATTERS. PART OF THE ARBORETUM'S MISSION IS TO MAINTAIN, DEVELOP AND INTERPRET WELL-DOCUMENTED PLANT COLLECTIONS FOR TEACHING, RESEARCH, PUBLIC EDUCATION AND ENJOYMENT, AND TO PROVIDE A PLACE WHERE PEOPLE FROM THE COLLEGE AND THE COMMUNITY MAY ENJOY PASSIVE RECREATION AND WHERE THEY MAY COME TO LEARN, REFLECT, AND RENEW THEMSELVES THROUGHOUT THE NATURAL WORLD. THE COLLEGE MAINTAINS VARIOUS SCULPTURES ON CAMPUS FOR THE ENJOYMENT OF THE COLLEGE AND LOCAL COMMUNITIES. PART V, LINE 4 ENDOWMENT FUNDS THE COLLEGE'S POOLED ENDOWMENT CONSISTS OF APPROXIMATELY 650 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT IN PERPETUITY A VARIETY OF PURPOSES INCLUDING INSTRUCTION, FINANCIAL AID, ACADEMIC SUPPORT, STUDENT SERVICES, AND GENERAL INSTITUTIONAL EXPENSES. PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE THE COLLEGE GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAX AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS, AS DEFINED BY THE STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE STATE OF CONNECTICUT. AS OF JUNE 30, 2014, OPEN FEDERAL AND CONNECTICUT TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2011 THROUGH JUNE 30, 2013. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 1,442,000 PART XI, LINE 4B OTHER EXPENSES INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS TUITION DISCOUNT $30,072,000 RENT EXPENSE $ (162,000) POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $ ( 69,000) ------------ TOTAL TO SCHEDULE D, PART XI, LINE 4B $29,841,000 PART XII, LINE 2D OTHER ADJUSTMENTS RENT EXPENSE $ 162,000 PART XII, LINE 4B OTHER ADJUSTMENTS TUITION DISCOUNT $30,072,000 POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $ ( 69,000) ------------ TOTAL TO SCHEDULE D, PART XI, LINE 4B $30,003,000 true true true true true true true false false false false false false false false true false true EXPLANATION OF RACIALLY NONDISCRIMINATORY POLICY ALL SCHOOL PUBLICATIONS AND NEWSPAPERS. EXPLANATION OF GOVERNMENT FINANCIAL AID FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSIST OF US DEPT OF EDUCATION FINANCIAL AID, STATE OF CONNECTICUT FINANCIAL AID, AND FEDERAL AND STATE RESEARCH GRANT FUNDS. true Central America and the Caribbean Program Services STUDY AWAY PROGRAM 56000 East Asia and the Pacific Program Services STUDY AWAY PROGRAM 592000 East Asia and the Pacific Program Services INTERNSHIP 5000 Europe (Including Iceland and Greenland) Program Services STUDY AWAY PROGRAM 2859000 Europe (Including Iceland and Greenland) Program Services HONORARIUM 6000 Europe (Including Iceland and Greenland) Program Services SERVICES 1000 Europe (Including Iceland and Greenland) Program Services SUPPLIES 1000 Europe (Including Iceland and Greenland) Program Services TUITION REIMBURSEMENT 1000 Europe (Including Iceland and Greenland) Program Services INTERNSHIP 5000 Middle East and North Africa Program Services STUDY AWAY PROGRAM 38000 Middle East and North Africa Program Services TRAVEL 1000 Middle East and North Africa Program Services SERVICES 3000 North America Program Services STUDY AWAY PROGRAM 28000 North America Program Services SERVICES 4000 Russia and the Newly Independent States Program Services STUDY AWAY PROGRAM 41000 South America Program Services STUDY AWAY PROGRAM 262000 South America Program Services HONORARUM 7000 South Asia Program Services STUDY AWAY PROGRAM 18000 Sub-Saharan Africa Program Services STUDY AWAY PROGRAM 117000 Sub-Saharan Africa Program Services TRAVEL 3000 3910000 138000 4048000 EAST ASIA AND THE PACIFIC East Asia and the Pacific 5000 WIRE EUROPE Europe (Including Iceland and Greenland) 5000 WIRE EUROPE Europe (Including Iceland and Greenland) 6000 WIRE EUROPE Europe (Including Iceland and Greenland) 1000 WIRE EUROPE Europe (Including Iceland and Greenland) 1000 WIRE SOUTH AMERICA South America 7000 WIRE SUB-SAHARAN AFRICA Sub-Saharan Africa 3000 WIRE true false true false true true SCHEDULE F, PART I, LINE 2 GRANTS MADE IN FOREIGN COUNTRIES FOR THE PURPOSES OF THE COLLEGE'S STUDY ABROAD PROGRAM ARE ENTERED INTO USING A CONTRACTUAL AGREEMENT OUTLINING THE SERVICES TO BE DELIVERED. THIS ACTIVITY IS MONITORED BY THE OFFICE OF STUDY AWAY, DEAN OF THE FACULTY, AND FINANCE. true CONNECTICUT COLLEGE SCHOLARSHP ASSISTANCE 1007 29423000 SEOG 272 309000 CONNECTICUT GOVERNORS SCHOLARSHIP GRANT 127 34000 PART I, LINE 2 ALL GRANTS AWARDED ARE BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X true true X X X X X false false false false false false false false false LEO I HIGDON JR PRESIDENT 1096699 0 0 0 0 0 25500 0 55075 0 1177274 0 0 0 PAUL L MARONI OFFICER 251899 0 0 0 0 0 25500 0 47305 0 324704 0 0 0 ROGER BROOKS OFFICER 223582 0 0 0 0 0 22181 0 1210 0 246973 0 0 0 MARTHA CASWELL MERRILL DEAN OF ADMISSIONS 168219 0 0 0 0 0 17689 0 19603 0 205511 0 0 0 THOMAS AMMIRATI PROFESSOR 300156 0 0 0 0 0 6378 0 5899 0 312433 0 0 0 GREGORY T WALDRON VP ADVANCEMENT 197725 0 0 0 0 0 20828 0 21027 0 239580 0 0 0 ULYSSES B HAMMOND VP ADMINISTRATION 224719 0 0 0 0 0 22403 0 2715 0 249837 0 0 0 PATRICIA M CAREY VP COLLEGE RELATIONS 186814 0 0 0 0 0 19991 0 50481 0 257286 0 0 0 CAROLYN C DENARD DEAN OF THE COLLEGE 173430 0 0 0 0 0 17165 0 1118 0 191713 0 0 0 PART I, LINE 1A ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, THE PRESIDENT MAY FLY FIRST-CLASS FOR HEALTH REQUIREMENTS WITH THE APPROVAL OF THE CHAIRMAN OF THE BOARD OF TRUSTEES. ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, TRAVEL FOR THE PRESIDENT'S COMPANIONS SHALL ONLY BE REIMBURSED WHEN INCURRED WHILE CONDUCTING THE BUSINESS OF THE COLLEGE. ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, HOUSING EXPENSES ARE NOT REIMBURSABLE BY THE COLLEGE. AS A CONDITION OF EMPLOYMENT THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, THE COLLEGE WILL NOT REIMBURSE FOR PERSONAL EXPENSES. THE COLLEGE MAINTAINS THE PRESIDENTIAL RESIDENCE, INCLUDING A HOUSEKEEPER. THE WAGES OF THE HOUSEKEEPER ATTRIBUTABLE TO THE PRESIDENT'S PERSONAL USE, IF ANY, INCLUDED ON THE PRESIDENT'S W-2. THE VALUE OF THE PRESIDENTIAL RESIDENCE IS INCLUDED IN THE PRESIDENT'S COMPENSATION REPORTED ON SCHEDULE J, COLUMN D FORM 990, PART VII & SCHEDULE J, PART II LEO HIGDON'S COMPENSATION INCLUDES AMOUNT PAID UPON SEPARATION UNDER A DEFERRED COMPENSATION AGREEMENT. A CHEFA SERIES F 060806186 20774UJLO 2007-04-04 28747913 DEFEASE PRIOR BONDS false false false B CHEFA SERIES G 060806186 20774UKY1 2007-04-04 12126960 REFINANCE CONSTRUCTION false false false C CHEFA SERIES H-1 060806186 20774U7ED 2011-06-15 12204821 FINANCE CONSTRUCTION false false false D CHEFA SERIES I 060806186 20774FYR3 2012-04-04 13319636 DEFEASE PRIOR BONDS false false false A 0 0 28747913 0 0 0 345054 272000 0 0 28130859 0 2007 true false true true B 0 0 12126960 0 0 0 170000 149000 0 11807960 0 0 2008 false false true true C 0 0 12204821 0 0 0 202391 0 0 12002430 0 0 2012 false false true true D 2494636 0 13319636 0 0 0 226182 0 0 0 13093454 0 2013 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.04050 0.04050 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false false B false false true false false false 0 false 0 false false C false true false false false false 0 false 0 false false D false true false false false false 0 false 0 false false A false B false C false D false SCHEDULE K, PART II, LINE 11 OF THE PROCEEDS FROM SERIES I BONDS ISSUED ON APRIL 4, 2012 $13,093,454 IS AN ADVANCE REFUNDING OF SERIES E BONDS ISSUED DURING 2002. OF THE PROCEEDS RECEIVED FROM SERIES F BONDS ON APRIL 4, 2007, $28,130,859 IS AN ADVANCE REFUNDING. SCHEDULE K, PART V THE COLLEGE HAS NOT ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMIDIATION IS NOT AVAILABLE UNDER THE APPLICABLE REGULATIONS. HOWEVER, THE COLLEGE DOES PERFORM SUCH PROCEDURES WITHOUT A WRITTEN POLICY. SCHEDULE K, PART IV, LINE 2A NO REBATE IS DUE FOR THE CHEFA SERIES G BOND AS THIS BOND MEETS THE 2 YEAR SPENDING EXEMPTION TO THE REBATE CALCULATION RULES. SCHEDULE K, PART IV, LINE 2C THE DATE OF THE REBATE COMPUTATION WAS 4/4/2012 BRIDGET A MCSHANE SPOUSE OF ROGER BROOKS 137999 SALARY AND BENEFITS false SCH L, PART IV (A) NAME OF PERSON: BRIDGET A. MCSHANE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF ROGER BROOKS (D) DESCRIPTION OF TRANSACTION: SALARY AND BENEFITS X 121 5012000 SALES PRICE false true false FORM 990, PART I, LINE 1 AND PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION CONNECTICUT COLLEGE VALUES ACADEMIC EXCELLENCE, DIVERSITY, EQUITY, SHARED GOVERNANCE, EDUCATION OF THE ENTIRE PERSON, ADHERENCE TO COMMON ETHICAL AND MORAL STANDARDS, COMMUNITY SERVICE AND GLOBAL CITIZENSHIP AND ENVIRONMENTAL STEWARDSHIP. FORM 990, PART III, LINE 1 CONNECTICUT COLLEGE'S MISSION *ACADEMIC EXCELLENCE* RIGOROUS ACADEMIC STANDARDS, INNOVATIVE AND ENGAGING FACULTY MEMBERS, AND A DIVERSE CLASSROOM CURRICULUM CHALLENGE STUDENTS TO REACH THEIR FULL INTELLECTUAL POTENTIAL. THE COLLEGE EXPECTS STUDENTS TO LEARN OUTSIDE THE CLASSROOM AS WELL, THROUGH SUCH ACTIVITIES AS RESEARCH, TRAVEL, AND INTERNSHIPS. THE COLLEGE FACILITATES THOSE OPPORTUNITIES IN THE BELIEF THAT A DIVERSITY OF EXPERIENCE IS ESSENTIAL FOR GENUINE ACADEMIC SCHOLARSHIP, RESEARCH, AND CREATIVE WORK THAT ADVANCES HUMAN KNOWLEDGE AND EXPRESSION AND INFORMS EXCELLENT TEACHING. *DIVERSITY, EQUITY, AND SHARED GOVERNANCE* IN THE EARLY 20TH CENTURY, CONNECTICUT COLLEGE WAS FOUNDED IN THE BELIEF THAT ALL QUALIFIED STUDENTS-WOMEN AS WELL AS MEN-DESERVED AN OPPORTUNITY TO SECURE AN EDUCATION. THE COLLEGE STRIVES TO BE A COMMUNITY IN WHICH ALL MEMBERS FEEL COMFORTABLE, RESPECT EACH OTHER'S DIFFERENCES, AND SEEK COMMON GROUND. THE COLLEGE PROMOTES UNDERSTANDING BY OFFERING A VARIETY OF ACADEMIC AND SOCIAL EXPERIENCES AND IS COMMITTED TO BUILDING GREAT ACCESS, OPPORTUNITY, AND EQUITY. STUDENTS, FACULTY, STAFF, TRUSTEES AND ALUMNI ALL PARTICIPATE IN THE GOVERNANCE OF THE COLLEGE. *EDUCATION OF THE ENTIRE PERSON* THE COLLEGE SUPPORTS AND NURTURES THE INTELLECTUAL, EMOTIONAL, SPIRITUAL, CREATIVE, AND PHYSICAL DEVELOPMENT OF ITS STUDENT BODY. CONNECTICUT COLLEGE ENCOURAGES STUDENTS TO ENGAGE IN A WIDE RANGE OF ACTIVITIES, INCLUDING ACADEMIC PURSUITS, ATHLETICS AND PHYSICAL EDUCATION, ARTISTIC EXPRESSION, AND COMMUNITY SERVICE. THE COLLEGE FOSTERS AN APPRECIATION FOR THE NATURAL AND AESTHETIC CONNECTEDNESS OF THE MIND, BODY, AND SPIRIT. IT PREPARES STUDENTS TO BE RESPONSIBLE CITIZENS, CREATIVE PROBLEM-SOLVERS, AND THOUGHTFUL LEADERS IN A GLOBAL SOCIETY. *ADHERENCE TO COMMON ETHICAL AND MORAL STANDARDS* CONNECTICUT COLLEGE MAINTAINS A STRONG COMMITMENT TO ITS LONG-STANDING HONOR CODE. STUDENTS ARE EXPECTED TO MONITOR THEIR OWN FAITHFULNESS TO THE PRINCIPLES OF HONESTY AND MORAL INTEGRITY AND TO DISPLAY COURAGE IN ACADEMIC AND SOCIAL INTERACTIONS. THE PRINCIPLES OF JUSTICE, IMPARTIALITY AND FAIRNESS-THE FOUNDATIONS FOR EQUITY-ARE PARAMOUNT. *COMMUNITY SERVICE AND GLOBAL CITIZENSHIP* CONNECTICUT COLLEGE FOSTERS CIVIC RESPONSIBILITY AND ENHANCES ACADEMIC EXCELLENCE THROUGH A LONG TRADITION OF COMMUNITY INVOLVEMENT AND THROUGH COURSES THAT PROVIDE OPPORTUNITIES FOR SERVICE. THE COLLEGE PROMOTES AN UNDERSTANDING OF LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL PEOPLES, GROUPS, CULTURES, AND ISSUES, AND ENCOURAGES STUDENTS TO TAKE LIFE-LONG INTEREST IN THEM. *ENVIRONMENTAL STEWARDSHIP* CONNECTICUT COLLEGE IS PROUD OF ITS PIONEERING TRADITION OF ECOLOGICAL AWARENESS AND RESPONSIBILITY AND INTENDS TO REMAIN A LEADER IN SAFEGUARDING THE ENVIRONMENT. THE ARBORETUM CAMPUS IS AN ECOLOGICAL SHOWPIECE, AND THE COLLEGE'S PROCEDURES AND PROGRAMS AIM TO PRESERVE AND PROTECT THE ENVIRONMENT, BOTH LOCALLY AND GLOBALLY, AND TO PREPARE CITIZENS SENSITIVE TO THE NEED FOR RESPONSIBLE ENVIRONMENTAL STEWARDSHIP. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES OTHER PROGRAM SERVICE EXPENSES INCLUDE ALUMNI AND REUNION, FEDERAL AND STATE GRANT EXPENSES, CHEFA AMORTIZATION INTEREST AND FEES, PHYSICAL PLANT COSTS, DEPRECIATION, AND ADMINISTRATIVE COMPUTING COSTS. EXPENSES $ 5,595,000 INCLUDING GRANTS OF $ 130,000. REVENUE $2,627,000. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS THE TAX RETURN INFORMATION IS GATHERED FROM THE FINANCE OFFICE AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT TAX CONSULTANT. ONCE COMPLETED, THE DRAFT FORM, INCLUDING SCHEDULE B, ALONG WITH A SUPPORTING MEMORANDUM, IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM 990 EXCLUSIVE OF SCHEDULE B, IS THEN MADE AVAILABLE FOR REVIEW BY THE FULL BOARD OF TRUSTEES. SCHEDULE B IS AVAILABLE FOR REVIEW BY THE FULL BOARD OF TRUSTEES UPON REQUEST. FOLLOWING THE REVIEW PERIOD THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND A TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTIONS BY MAJORITY VOTE. PERIODICALLY, TRUSTEES WILL BE ASKED TO SIGN CONFLICT OF INTEREST STATEMENTS EITHER ASSURING THAT THEY HAVE NO CONFLICT OF INTEREST, OR DISCLOSING SUCH CONFLICT OF INTEREST AS THE CASE MAY BE, AS DESCRIBED IN THE CONNECTICUT COLLEGE BYLAWS, ARTICLE XV. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY A COMMITTEE ON EXECUTIVE COMPENSATION CONSISTING OF THE CHAIR AND VICE CHAIRS OF THE BOARD IS EMPOWERED TO CONDUCT THE ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT AND TO RECOMMEND TO THE FULL BOARD THE COMPENSATION OF THE PRESIDENT. THIS COMMITTEE REVIEWS THE PERFORMANCE AND APPROVES THE COMPENSATION OF HIGHLY COMPENSATED EMPLOYEES AT THE COLLEGE AT THE TIME OF THEIR HIRE AND WHEN SIGNIFICANT INCREASES IN COMPENSATION ARE BEING CONTEMPLATED. THE COMMITTEE'S REVIEW OF THE COMPENSATION OF THE PRESIDENT AND HIGHLY COMPENSATED EMPLOYEES MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION: COMPENSATION IS SET BY THE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION; PRIOR TO MAKING ITS DETERMINATION, THE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY; AND THE COMMITTEE ADEQUATELY AND CONTEMPORANEOUSLY DOCUMENTS THE BASIS FOR MAKING ITS DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE THE COLLEGE'S FORM 990, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN SPLIT INTEREST AGREEMENTS $ 1,442,000 CONNECTICUT COLLEGE COMMUNITY RADIO INC 270 MOHEGAN AVENUE BOX 5256 NEW LONDON CT 06320 260117596 RADIO STATION CT 501(c)(3) 7 NA true OAKLEAF ENDOWMENT TRUST FOR CT COLLEGE 1800 IDS CENTER MINNEAPOLIS MN 55402 416429969 TRUST CT 501(c)(3) 11A NA true CONNECTICUT COLLEGE EMPOYER-CONTRIBUTION 270 Mohegan Avenue New London CT 06320 047025787 VEBA CT 501(c)(9) NA true ASSOCIATED KYOTO PROGRAM CONTROLLERS OFFICE COLLEGE HALL RM NORTHAMPTON MA 01063 042996114 EDUCATION MA 501(c)(3) 11(c) NA false PHI BETA KAPPA 270 MOHEGAN AVENUE NEW LONDON CT 06320 066103682 HONOR SOCIETY DC 501(c)(3) 7 NA false UNITRUST (1) CHARITABLE TR CT NA TRUST false CHARITABLE REMAINDER TRUST (7) CHARITABLE TR CT NA TRUST false false false false false false false false false true false false false true false false false true true CONNECTICUT COLLEGE EMPLOYER CONTRIBUTED VEBA R 215000 CONTRIBUTIONS OAKLEAF ENDOWMENT TRUST FOR CT COLLEGE S 202000 PAYMENT