2015-05-15T08:53:45-05:00 2014-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2013-07-01 030179403 Saint Michael's College % Shirley Goodell-Lackey SAIN 8026542586 One Winooski Park Box 274 Suite Colchester VT 05439 NEAL E ROBINSON VP FINANCE 8026542586 2015-05-14 true Shy Joseph P01085371 8026542586 2015-05-14 2013 2016-03-07 17:11:31Z Neal E Robinson One Winooski Park Box 274 Colchester VT 05439 183049162 false 0928 X www.smcvt.edu X 1913 VT To contribute through higher education to the enhancement of the human person and the advancement of human culture in the light of the catholic faith. 31 28 2086 1645 21002 -61355 6263844 6184942 100454452 104707964 4810137 16457112 1536277 1602306 113064710 128952324 32719955 35912661 0 0 43621261 42516976 0 0 2246830 33371057 37468571 109712273 115898208 3352437 13054116 199887030 208661733 70313949 68628732 129573081 140033001 X IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE 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Albert OP PHD Trustee 1.0 0.0 X 0 0 0 Sr Lorraine Aucion PM Trustee 1.0 0.0 X 0 0 0 John J Bergeron Trustee 1.0 0.0 X 0 0 0 Lawrence J Blanford Trustee 1.0 0.0 X 0 0 0 Patricia A Casey Trustee 1.0 0.0 X 0 0 0 Philip C Ciulla Jr Trustee 3.0 0.0 X 0 0 0 David G Cray SSE Trustee 2.0 0.0 X 0 0 0 Very Rev Michael Cronogue SSE Trustee 15.0 0.0 X 0 0 0 Donald R Dion Jr Trustee 1.0 0.0 X 0 0 0 Rev Raymond J Doherty Trustee 25.0 0.0 X 0 0 0 Bro Francis J Hagerty SSE Trustee 1.0 0.0 X 0 0 0 Michele S Gatto Trustee 1.0 0.0 X 0 0 0 Rev Thomas F X Hoar SSE Trustee 1.0 0.0 X 0 0 0 R Alan Hunter Jr Trustee 2.0 0.0 X 0 0 0 Noriko Kameda Trustee 1.0 0.0 X 0 0 0 Rev Msgr John J McDermott Trustee 1.0 0.0 X 0 0 0 Michael E McGarth Trustee 2.0 0.0 X 0 0 0 Mary-Kate G McKenna Trustee 3.0 0.0 X 0 0 0 Dr Celine R Paquette Trustee 1.0 0.0 X 0 0 0 Ernest A Pomerleau Trustee 1.0 0.0 X 0 0 0 Rev Marcel R Rainville SSE Trustee 40.0 0.0 X 0 0 0 Steven J Renehan Trustee 2.0 0.0 X 0 0 0 Barry D Roy Trustee 4.0 0.0 X 0 0 0 Michael L Seaver Trustee 2.0 0.0 X 0 0 0 Deidre M Tavera Trustee 1.0 0.0 X 0 0 0 Rev David J Theroux SSE Trustee 26.0 0.0 X 17600 0 0 Robert F Tobin Trustee 5.0 0.0 X 0 0 0 Peggy R Williams Trustee 1.0 0.0 X 0 0 0 John J Neuhauser President 40.0 0.0 X X 354052 0 77253 Marilyn E Cormier Secratary of the Board 40.0 0.0 X 86453 0 15122 Neal E Robinson VP for Finance and Treasurer 40.0 0.0 X 181978 0 29946 Dawn M Ellinwood VP for Student Affairs 40.0 0.0 X 170012 0 28084 Karen A Talentino VP for Acedemic Affairs 40.0 0.0 X 177870 0 29517 Michael J New VP Human Resources 40.0 0.0 X 145667 0 12861 Patrick J Gallivan VP Institutional Advancement 40.0 0.0 X 138544 0 18703 Jerry E Flanagan VP Admission/Enrollment 40.0 0.0 X 133746 0 21769 William O Anderson Chief Information Officer 40.0 0.0 X 128360 0 30981 Ronald Miller Graduate Psychology Professor 40.0 0.0 X 127365 0 22838 1661647 0 287074 27 false true false Competitive Computing Inc 354 Mountain View Drive Suite 400 Colchester VT 05446 IT Consultants 591763 Atrion Networking Corporation 30 Service Avenue Warwick RI 02886 IT Consultants 451890 Royall Company 1920 East Parham Road Richmond VA 23228 Recruiting 388188 Freeman French Freeman 81 Maple Street Burlington VT 05401 Architects 299113 KPMG LLP 356 Mountain View Drive Colchester VT 05446 Audit & Tax Services 121500 6 41627 2417684 3725631 329318 6184942 Tuition and Fees 611710 83387725 83387725 Residence and Dinning 721310 17675615 17675615 Book Store 451211 1227002 1227002 PRINTING SERVICES 900099 645061 645061 SMC Playhouse 713940 480829 480829 1291732 1079884 54998 156850 104707964 904190 -39757 943947 0 0 398865 0 398865 0 398865 398865 69599148 17425 54031791 31860 15567357 -14435 15552922 5761 15547161 39235 41627 30965 8270 8270 37120 2222 34898 34898 0 Other Operating Income 900099 1160273 1160273 1160273 128952324 103269114 21002 19477266 103200 103200 34338239 34338239 1471222 1471222 0 1848400 752453 844977 250970 0 29830351 24886550 3905737 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ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $15,607. APPROXIMATELY $211 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING. 78312676 2294010 14148166 2110538 841479 453456 91349379 69718728 677917 11028823 1706545 915985 490262 78312676 71231474 2697110 -1267356 1790702 755660 396138 69718728 58518913 2518415 13012809 1682667 792283 343713 71231474 55196338 494093 5881858 1850593 899595 303188 58518913 0.44000 0.23000 0.33000 false false 2335261 2335261 153483200 72296993 81186207 39615375 30196225 9419150 6398650 3531088 2867562 95808180 CASH EQUIVALENTS 1073223 F DOMESTIC EQUITIES-LARGE CAP 2213435 F WORLD EQUITY COMPOSITE-MF,HFOF 7475586 F DIRECTONAL HEDGE COMPO-HFOF 10082240 F RELATIVE VALUE STRAT-DHF 4650383 F PRIVATE EQUITY 4793233 F GLOBAL FIXED INCOME-SUB DBT,HF 11733838 F REAL ASSET COMP-DHF,REAL EST 4645671 F DEPOSIT WITH BOND TRUSTEES 2323566 F 48991175 0 OTHER LIABILITIES 5982851 AMTS HELD ON BEHALF OF OTHERS 2023076 REFUNDABLE ADVANCES 4388319 ANNUITY OBLIGATION 109223 CAPITAL LEASE OBLIGATIONS 48533 12552002 X 88066059 -2559298 -2559298 90625357 38326967 38326967 128952324 77606139 30964 30964 77575175 38323033 38323033 115898208 ENDOWMENT FUNDS PART V, LINE 4 THE PRIMARY USE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT OUR STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION THROUGH SCHOLARSHIP ASSISTANCE, RESEARCH AND STUDY ABROAD OPPORTUNITIES, SERVICE LEARNING, STUDENT SERVICES AND LECTURE SERIES. IN A FEW INSTANCES, ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO SUPPORT LIBRARY ACQUISITIONS, DEPARTMENT CHAIRS AND DEFERRED MAINTENANCE ON BUILDINGS PREVIOUSLY FUNDED BY DONORS. UNCERTAIN TAX POSITIONS PART X, LINE 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B Athletic Super Raffle net Proceeds $ 34,898 Student Finacial Aid $ 35,803,961 Special Events Expenses $ (30,964) Voluntary Retirement Plan $ 2,519,072 Total $ 38,326,967 OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN PART XII, LINE 2D Special Events Expenses $30,964 OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XII, LINE 4B Student Financial Aid $ 35,803,961 Voluntary Retirement Plan $ 2,519,072 Total $ 38,323,033 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY PART I, LINE 3 THE COLLEGE INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BYLAWS, EMPLOYEE HANDBOOK, GRADUATE AND UNDERGRADUATE CATALOGS, STUDENT CODE OF CONDUCT AND COLLEGE POLICY HANDBOOK, FACULTY REGULATIONS, ON OUR APPLICATION SUPPLEMENT, UNDER FACTS ABOUT THE COLLEGE ON ITS WEBSITE, AND WITHIN THE NEASC SELF STUDY DOCUMENT FOR REACCREDITATION. THE COLLEGE ALSO VALUES DIVERSITY AND HAS A BOARD OF TRUSTEES APPROVED POLICY WHICH IS ALSO CONTAINED WITHIN MANY OF THESE DOCUMENTS. GRANTS FROM GOVERNMENT AGENCIES PART I, LINE 6A SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS. true Central America and the Caribbean Program Services SHORT-TERM PROGRAM 47001 Europe (Including Iceland and Greenland) Program Services SHORT-TERM PROGRAM 62157 South America Program Services SHORT-TERM PROGRAM 42417 Central America and the Caribbean Program Services SERVICE - DONATION 5500 South Asia Program Services SERVICE - DONATION 5000 Central America and the Caribbean Program Services SERVICE TRIP 3997 South Asia Program Services SERVICE TRIP 5526 Europe (Including Iceland and Greenland) Program Services Wilderness Program 4798 North America Program Services Wilderness Program 844 East Asia and the Pacific Program Services Recruiting 10907 Europe (Including Iceland and Greenland) Program Services Recruiting 19294 North America Program Services Recruiting 767 Central America and the Caribbean Program Services Recruiting 473 South America Program Services Recruiting 441 Middle East and North Africa Program Services Recruiting 7309 Central America and the Caribbean Program Services STUDY ABROAD 89515 East Asia and the Pacific Program Services STUDY ABROAD 891962 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 2694731 Middle East and North Africa Program Services STUDY ABROAD 109157 South America Program Services STUDY ABROAD 453724 South Asia Program Services STUDY ABROAD 88998 Sub-Saharan Africa Program Services STUDY ABROAD 265681 Central America and the Caribbean Investments 24550181 East Asia and the Pacific 14 AGENT 94723 Europe (Including Iceland and Greenland) 1 AGENT 3904 South America 1 AGENT 10791 South Asia 1 AGENT 4267 Middle East and North Africa 2 AGENT 12540 19 19 1197908 28288697 29486605 Central America and the Caribbean GENERAL SUPPORT 5500 CHECK 1 STUDENT SCHOLARSHIPS Central America and the Caribbean 4 30875 WIRE STUDENT SCHOLARSHIPS East Asia and the Pacific 32 273235 WIRE STUDENT SCHOLARSHIPS Europe (Including Iceland and Greenland) 94 843205 WIRE STUDENT SCHOLARSHIPS Middle East and North Africa 4 35997 WIRE STUDENT SCHOLARSHIPS South America 18 170798 WIRE STUDENT SCHOLARSHIPS South Asia 4 25113 WIRE STUDENT SCHOLARSHIPS Sub-Saharan Africa 11 86499 WIRE true false false true true true ACTIVITIES OUTSIDE THE UNITED STATES PART I, LINE 3 SHORT-TERM PROGRAM SAINT MICHAEL'S COLLEGE INTERNATIONAL SHORT-TERM PROGRAMS ARE AN IMPORTANT AND CREATIVE WAY FOR FACULTY AND STUDENTS TO EXPAND THE BOUNDARIES OF THE SAINT MICHAEL'S CAMPUS. SHORT-TERM STUDY PROGRAMS ARE ACADEMIC COURSES DEVELOPED BY FACULTY. TYPICALLY LASTING TWO WEEKS, THESE PROGRAMS INVOLVE STUDY ABROAD, MAY INCLUDE DIRECT INVOLVEMENT IN ISSUES COVERED IN AN ON-CAMPUS COURSE AND PROVIDE DIRECT EXPERIENCE ON A PARTICULAR TOPIC IN A PARTICULAR LOCALE. STUDY ABOARD THE COLLEGE UTILIZES OVER 20 THIRD-PARTY PROGRAM PROVIDERS AND EXCHANGE PARTNERS TO PROVIDE STUDENTS WITH OPPORTUNITIES TO STUDY IN OVER 70 COUNTRIES. THERE ARE MANY DIVERSE PROGRAMS OFFERINGS FOR A STUDENT'S STUDY ABROAD EXPERIENCE. IN OUR INCREASINGLY GLOBAL SOCIETY, MORE AND MORE STUDENTS RECOGNIZE THE VALUE OF SPENDING A SEMESTER OF YEAR ABOARD. AGENTS THE COLLEGE'S APPLIED LINGUISTICS DEPARTMENT OFFERS A VARIETY OF ENGLISH LANGUAGE PROGRAMS FOR STUDENTS TO EARN A CERTIFICATE OF COMPLETION AND/OR MASTER'S DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. UPON SUCCESSFUL COMPLETION OF THE ADVANCED ENGLISH PROGRAM LEVEL II, A STUDENT MAY MATRICULATE INTO AN UNDERGRADUATE DEGREE PROGRAM AT THE COLLEGE OR ELSEWHERE. THE COLLEGE USES INTERNATIONAL AGENTS TO ASSIST WITH RECRUITING AND ADMISSIONS FOR THESE PROGRAMS. RECRUITING THE COLLEGE HAS ONE FULL-TIME STAFF MEMBER WHO TRAVELS TO RECRUIT INTERNATIONAL STUDENTS AND GROUPS FOR OUR ENGLISH LANGUAGE PROGRAMS AND UNDERGRADUATE ADMISSIONS. THESE EXPENSES ARE PRIMARILY RELATED TO TRAVEL IN AUSTRALIA, CHINA, SOUTH KOREA, SAUDI ARABIA AND VENEZUELA. THE COLLEGE IS EXPANDING ITS RECRUITING EFFORTS TO MANY LATIN AMERICAN COUNTRIES ALONG WITH A FEW MEMBERS OF THE ARAB LEAGUE. SERVICE TRIP REFER TO PART II SUPPLEMENTAL INFORMATION, THIS REPRESENTS THE IN COUNTRY EXPENSES PAID FOR FLIGHTS, MEALS SUPPLIES, AND LODGING. WILDERNESS PROGRAM THE COLLEGE'S WILDERNESS PROGRAMS ARE AN IMPORTANT AND CREATIVE WAY FOR FACULTY AND STUDENTS TO EXPAND THE BOUNDARIES OF THE SAINT MICHAEL'S CAMPUS. THE WILDERNESS PROGRAM OFFERS SUCH ADVENTURES AS KAYAKING, CLIMBING, HIKING, MOUNTAIN BIKING, SKIING AND RIDING. THE WILDERNESS'S CORE PRINCIPALS ARE EXPERIENTIAL LEARNING, WITH A FOCUS ON DEVELOPING A SENSE OF ENVIRONMENTAL STEWARDSHIP. THE EXPENSES REPRESENT THE IN COUNTRY COSTS PAID FOR FLIGHT, MEALS, SUPPLIES AND LODGING. GRANTS TO ENTITIES OUTSIDE THE UNITED STATES PART II OUR MOBILIZATION OF VOLUNTEER EFFORTS DEPARTMENT, KNOWN AS MOVE, PROMOTES ONE PRINCIPLE OF THE CATHOLIC FAITH - CHARITY. MOVE PROVIDES OPPORTUNITIES FOR THE COLLEGE'S STUDENTS TO PERFORM COMMUNITY SERVICE WORK DURING THE ACADEMIC YEAR AND DURING SEMESTER AND SUMMER BREAKS AT BOTH DOMESTIC AND INTERNATIONAL SERVICES SITES. SEE SCHEDULE O UNDER PART III STUDENT SERVICES FOR MORE DETAILS. THESE PAYMENTS REPRESENT FUNDS RAISED BY STUDENTS TO HELP SUPPORT NON-PROFIT ORGANIZATIONS IN INDIA AND THE DOMINICAN REPUBLIC WHERE THEY VOLUNTEER. MOVE IS IN COMMUNICATION WITH THE RECIPIENT ORGANIZATION THROUGHOUT THE YEAR AND HAS GENERAL CONVERSATIONS ABOUT THE ORGANIZATION'S STATUS AND PROJECTS AND MAKES ARRANGEMENTS FOR THE FOLLOWING YEAR TRIP. MOVE WORKS WITH ORGANIZATIONS SO STUDENT VOLUNTEERS HAVE A CLEAR VISION ABOUT WHAT IS EXPECTED AND WHAT THEY SHOULD EXPECT WHEN THEY ARRIVE IN THE COUNTRY. SCHOLARSHIPS PART III SCHOLARSHIPS RELATE TO STUDENTS STUDYING ABROAD FOR A SEMESTER OR A YEAR. ALL SCHOLARSHIPS ARE APPLIED TO THE STUDENT'S ACCOUNT BALANCE. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO STUDENTS ACCEPTED INTO THE STUDY ABROAD PROGRAM. GOLF CLASSIC 80862 41627 39235 8005 17200 5044 716 0 80862 41627 39235 8005 17200 5044 716 30965 8270 37120 1500 650 72 true 1.00000 37120 1500 650 72 2222 34898 VT false false false false 1.00000 SHIRLEY GOODELL-LACKEY CONTROLLER SAINT MICHAELS COLLEGE 1 WINOOSKI COLCHESTER VT 05439 false GERALDINE KNORTZ ATHLETICS DIRECTO ORGANIZE AND COORDINATE ATHLETICS RAFFLE X false SCHEDULE G, PART III, LINE 9B EXPLANATION IN VERMONT, A NON-PROFIT ORGANIZATION THAT ORGANIZES A RAFFLE OR GAMES OF CHANCE FOR THE PURPOSE OF RAISING FUNDS TO BE USED FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES DOES NOT NEED A LICENSE. true VERMONT IBUTWA INITIATIVE INC C/O FIRST CONGREGATIONAL CHURCH 38 SOUTH WINOOSKI AVENUE BURLINGTON VT 05401 300728260 501(c)(3) 10000 SEE PART IV. SSE DBA SAINT ANNE'S SHRINE PO BOX 280 ISLE LA MOTTE VT 05463 030195115 501(C)(3) 93200 SEE PART IV. 2 STUDENT SCHOLARSHIPS 1798 30787349 UNDERGRADUATE ENDOWMENT FUNDED SCHOLARSHIPS 346 2110538 UNDERGRADUATE ATHLETIC GRANTS 20 993334 FED SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS 325 404597 GRADUATE STUDENT GRANTS 31 42421 GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S. PART II, COLUMN H (1)THE CONTRIBUTION TO THE VERMONT IBUTWA INITIATIVE WAS MADE TO PROVIDE GENERAL SUPPORT OF THEIR MISSION TO BUILD SUSTAINABLE LIVELIHOODS FOR THE WOMEN OF SOUTH KIVU PROVINCE IN THE DEMOCRATIC REPUBLIC OF THE CONGO, PROVIDE MEDICAL TREATMENT AND SUPPORT TO CONGOLESE WOMEN AFFECTED BY RAPE AND HIV/AIDS, AS WELL AS TO RAISE AWARENESS IN VERMONT ABOUT THE CRISIS. THE COLLEGE INCORPORATES THIS ORGANIZATION INTO ITS CURRICULUM BY INVITING VERMONT IBUTWA INITIATIVE TO PRESENT THEIR MISSION TO THE PEACE AND JUSTICE CLASSES. THE COLLEGE ALSO HAS A FACULTY GROUP THAT MEETS REGULARLY TO ACT AS THE PROJECT MANAGEMENT COMMITTEE FOR VERMONT IBUTWA INIATIVE AND THE STUDENT ASSOCIATION HAS FORMED A CLUB TO HELP CARRY ON THE MISSION OF THE GROUP. (2)THE CONTRIBUTION TO SAINT ANNE'S SHRINE WAS MADE TO PROVIDE SUPPORT OF THEIR MISSION TO SERVE AS A WELCOMING PLACE OF PEACE AND HOPE MINISTERING TO ALL GOD'S PEOPLE THROUGH PRAYER, DEVOTION, HOSPITALITY AND SPIRITUAL RENEWAL. THE SHRINE WAS DEVELOPED AND MAINTAINED FOR THE PAST 100 YEARS BY THE SOCIETY OF SAINT EDMUND, WHO IS ALSO THE FOUNDER OF SAINT MICHAEL'S COLLEGE. THE COLLEGE SHARES A SIMILAR MISSION TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH. THE COLLEGE BENEFITS FROM USE OF THE FACILITIES AT THE SHRINE FOR CURRICULUM ENHANCEMENT, STUDENT AND STAFF RETREATS AND WORSHIP. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. PART III THE COLLEGE RECOGNIZES THE HIGH COST OF A PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDES GRANTS AND SCHOLARSHIPS, LOANS AND STUDENT EMPLOYMENT. IN 2013-2014, THE COLLEGE ADMINISTERED OVER $53 MILLION IN ASSISTANCE, OF WHICH APPROXIMATELY $34 MILLION WAS PRIMARILY COLLEGE FUNDED AID SCHOLARSHIPS OR GRANTS. THE FIVE YEAR-AVERAGE (2009-2013) OF UNDERGRADUATE STUDENTS RECEIVING COLLEGE FUND AID WAS 92.9%. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AVERAGE NEED BASED SCHOLARSHIP OR GRANT FOR THE FALL 2013 INCOMING CLASS WAS APPROXIMATELY $21,247. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE. X true true X X X X false false false false false false false false false John J Neuhauser President 347789 0 0 0 6263 0 31014 0 46239 0 431305 0 0 0 Neal E Robinson VP for Finance and Treasurer 181978 0 0 0 0 0 12910 0 17036 0 211924 0 0 0 Dawn M Ellinwood VP for Student Affairs 167667 0 0 0 2345 0 5819 0 22265 0 198096 0 0 0 Karen A Talentino VP for Acedemic Affairs 177870 0 0 0 0 0 12558 0 16959 0 207387 0 0 0 Michael J New VP Human Resources 145667 0 0 0 0 0 10097 0 2764 0 158528 0 0 0 Patrick J Gallivan VP Institutional Advancement 137224 0 0 0 1320 0 9630 0 9073 0 157247 0 0 0 Jerry E Flanagan VP Admission/Enrollment 131549 0 0 0 2197 0 9241 0 12528 0 155515 0 0 0 William O Anderson Chief Information Officer 128360 0 0 0 0 0 9282 0 21699 0 159341 0 0 0 Ronald Miller Graduate Psychology Professor 127365 0 0 0 0 0 7092 0 15746 0 150203 0 0 0 COMPENSATION INFORMATION FOR ELIGIBLE EMPLOYEES, COLUMN (D) NONTAXABLE BENEFITS PRIMARILY CONSISTS OF HEALTH CARE AND DENTAL BENEFITS. DETAILS FOR AMOUNTS REPORTED IN COLUMN B (III) AND COLUMN (D) ARE LISTED BELOW: DR. JOHN J. NEUHAUSER - COLUMN B (III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE AND PERSONAL CELL PHONE USE. COLUMN (C) DEFERRED COMPENSATION INCLUDES CONTRIBUTIONS TO THE COLLEGE'S IRC 457(B) PLAN. COLUMN (D) INCLUDES A HOUSING ALLOWANCE. DAWN M. ELLINWOOD - COLUMN B (III) INCLUDES MOVING ALLOWANCE. PATRICK J. GALLIVAN - COLUMN B (III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. JERRY E. FLANAGAN - COLUMN B (III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. A VT EDUCATIONAL & HEALTH BLDG FINANCE AGY 237154467 924166FM8 2012-05-24 50990332 CONSTRUCTION, EQUIPMENT, REFUNDING false false false A 2680000 0 50990332 0 0 0 563023 0 0 27500000 22927309 0 2013 true true true true A false false true true false 0.00000 0.00000 0.00000 false false 0.00000 false true A true false false 0 false 0 false true A true FINAL ALLOCATIONS OF PROCEEDS AND INVESTMENT BEYOND A TEMPORARY PERIOD PART II, LINES 16-17 AND PART IV, LINE 5 THE CONSTRUCTION OF A RESIDENCE HALL AND STUDENT UNION WAS COMPLETED IN DECEMBER 2013. THE COLLEGE MAINTAINS BOOKS AND RECORDS TO SUPPORT THAT ALLOCATION AND TO REQUEST REIMBURSEMENT OF EXPENSES FOR THIS PROJECT FROM THE BOND TRUSTEE. THE BOND TRUSTEE REVIEWED ALL REQUESTS TO ENSURE THE EXPENSE WAS APPROPRIATE WITHIN THE PURPOSE AS DEFINED IN THE BOND DOCUMENTS. THE COLLEGE'S 2012 SERIES BOND WAS NOT INVESTED BEYOND THE AVAILABLE TEMPORARY PERIOD AS THE BOND CLOSED IN MAY 2012 AND ALL CONSTRUCTION FUNDS WERE EXPENSED BY NOVEMBER 2013. ADOPTION OF MANAGEMENT PRACTICES PART III, LINE 9 AND PART IV, LINE 7 THE COLLEGE HAS WORKED WITH CONSULTANTS AND BOND COUNCIL TO MAKE CERTAIN COLLEGE PERSONNEL IS FAMILIAR WITH THE RULES AND REGULATIONS FOR POST-ISSUANCE COMPLIANCE OF ITS TAX-EXEMPT BOND LIABILITIES AND IS STILL IN PROCESS OF WORKING ON A PROGRAM TO CALCULATE PRIVATE BUSINESS USE. ALL USE OF THE BUILDING IS TRACKED BY THE COLLEGE'S CONFERENCE AND SPECIAL EVENTS DEPARTMENT. THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICY HAVE BEEN CREATED, REVIEWED AND IMPLEMENTED BY MANAGEMENT AND APPROVED BY THE BOARD OF TRUSTEES. PROCEDURES TO UNDERTAKE CORRECTIVE ACTION PART V THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICIES AND PROCEDURES IDENTIFY AND ADDRESS ANY VIOLATIONS OF FEDERAL TAX REQUIREMENT PURSUANT TO A VOLUNTARY CLOSING AGREEMENT PROGRAM WHERE SELF-REMEDIATION MAY BE UNAVAILABLE. MAGUIRE ASSOCIATES TRUSTEE CASEY IS SVP 100000 SEE PART V false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS PART IV TRUSTEE PATRICIA CASEY IS A SENIOR VICE PRESIDENT AT MAGUIRE ASSOCIATES. THE COLLEGE HAS A CONTRACT WITH THIS FIRM TO ASSIST IN FINANCIAL AID MODELING AND AWARDING TO ACHIEVE CERTAIN ADMISSION GOALS. MS. CASEY DOES NOT WORK DIRECTLY ON THE COLLEGE ACCOUNT. THIS YEAR, THE COLLEGE PAID $100,000 FOR SERVICES. THIS IS AN ARM'S LENGTH TRANSACTION. MS. CASEY, IF PERMITTED TO BY THE BOARD OF TRUSTEES, MAY MAKE AN APPEARANCE AT A BOARD COMMITTEE MEETING TO PRESENT FACTS REGARDING A MATTER RELATIVE TO THE COLLEGE'S RELATIONSHIP WITH MAGUIRE ASSOCIATES, BUT MAY NOT PARTICIPATE IN THE DELIBERATIONS OR DECISION MAKING WITH RESPECT TO THIS MATTER. X 34 299318 FMV X PIANO 1 30000 APPRAISED false true true NON-CASH CONTRIBUTIONS LINE 9 THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RELATED TO EACH TYPE OF PROPERTY THAT WAS RECEIVED DURING FY14. USE OF A THIRD PARTY TO SELL NON-CASH CONTRIBUTIONS PART 1, LINE 32B THE COLLEGE USES A CUSTODIAN TO HOLD AND PROCESS ALL INVESTMENT TRANSACTIONS INCLUDING ASSET SAFEKEEPING AND COLLECTION OF DIVIDENDS AND INTEREST. ALL SECURITY CONTRIBUTIONS ARE DELIVERED TO THE CUSTODIAN WITH THE INSTRUCTION FOR IMMEDIATE SALE. ORGANIZATION'S MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 SAINT MICHAEL'S COLLEGE IS A CATHOLIC LIBERAL ARTS RESIDENTIAL COLLEGE COMMITTED TO THE PURSUIT OF ACADEMIC EXCELLENCE, WITH AN UNDERGRADUATE ENROLLMENT OF APPROXIMATELY 2,050 STUDENTS AND 700 GRADUATE AND INTERNATIONAL STUDENTS. WE CREATE AND SUSTAIN AN OPTIMAL LIVING AND LEARNING ENVIRONMENT THAT PROMOTES A VIBRANT INTELLECTUAL LIFE AND CHALLENGES STUDENTS TO ENGAGE IN ACTIVITIES TO EXTEND THEIR MINDS AND EXPERIENCE WITHIN AND BEYOND OUR VERMONT LOCATION. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINES 4A, 4B, 4C, AND 4D THE ACADEMIC PROGRAM IS AT THE HEART OF THE COLLEGE'S MISSION AND THE REASON FOR SAINT MICHAEL'S COLLEGE EXISTENCE. THE COLLEGE PROVIDES EDUCATION WITH A SOCIAL CONSCIENCE, PRODUCING GRADUATES WITH INTELLECTUAL TOOLS TO LEAD SUCCESSFUL, PURPOSEFUL LIVES THAT WILL CONTRIBUTE TO PEACE AND JUSTICE IN OUR WORLD. SAINT MICHAEL'S COLLEGE STUDENTS PERSONALIZE THEIR EDUCATION THROUGH RESEARCH, INTERNSHIPS, AND SMALL CLASSES, PREPARING THEM FOR A LIFETIME, NOT JUST FOR THEIR FIRST JOB OUT OF COLLEGE. THE ACADEMIC PROGRAM IS RIGOROUS AND CALIBRATED TO THE APPROPRIATE DEVELOPMENT LEVELS OF STUDENTS (FIRST-YEAR STUDENTS THROUGH GRADUATE LEVEL). THE UNDERGRADUATE ACADEMIC PROGRAM OFFERS DEGREES IN 23 DIFFERENT MAJORS FOR THE BACHELOR OF ARTS DEGREE AND 10 MAJORS FOR THE BACHELOR OF SCIENCE DEGREE. STUDENTS MAY ALSO CHOOSE FROM 33 MINOR PROGRAMS. THE ACADEMIC PROGRAM FOR GRADUATE STUDENTS INCLUDES 3 PROGRAMS LEADING TO MASTER'S DEGREES IN CLINICAL PSYCHOLOGY, EDUCATION AND TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. SAINT MICHAEL'S COLLEGE AWARDED 484 BACHELOR'S DEGREES AND 81 MASTER'S DEGREES DURING 2013-2014 ACADEMIC YEAR, WITH 2080 STUDENTS ENROLLED IN BACCALAUREATE DEGREE PROGRAMS AND 262 IN MASTER'S DEGREE PROGRAMS. THE CLASS OF 2014 HAD 422 GRADUATES IN MAY, OF WHICH 251 OR 59% ALSO EARNED MINORS. AFTER RECEIVING A BACHELOR'S DEGREE FROM SAINT MICHAEL'S COLLEGE, OVER 95% OF OUR STUDENTS ENTER THE WORK FORCE IN A VARIETY OF CAREERS OR CONTINUE THEIR EDUCATION IN A POST-GRADUATE PROGRAM. THE 4 YEAR AVERAGE (2005-2008) STUDENT-RIGHT-TO-KNOW COMPLETION OR GRADUATION RATE IS 79.5%; THIS COMPARED FAVORABLY TO THE 69% REPORTED BY ACT NATIONAL GRADUATION RATES FOR PRIVATE 4-YEAR INSTITUTIONS OFFERING ONLY BACHELOR'S DEGREES IN THE SELECTIVE CATEGORY. THE COLLEGE'S GOAL IS TO HAVE 30% OF EACH GRADUATING CLASS STUDY ABROAD. OVER 20 THIRD PARTY PROGRAM PROVIDERS OFFER STUDENTS OPPORTUNITIES TO STUDY IN OVER 70 COUNTRIES AND THE COLLEGE HAS MET THIS GOAL FOR THE LAST 5 ACADEMIC YEARS. THE COLLEGE HAS MADE STRIDES IN EDUCATING STUDENTS BEYOND THE CLASSROOM IN PREPARATION FOR THEIR CAREERS AFTER GRADUATION. IN 2013-2014, 224 STUDENTS ENGAGE IN SUPERVISED ACADEMIC INTERNSHIPS, COMPARABLE TO 236 IN THE PREVIOUS YEAR, REPRESENTING OVER 11.5% OF THE STUDENT BODY FOR EACH OF THESE ACADEMIC YEARS. IN THE SUMMER OF 2013, 40 STUDENTS WERE ENGAGED IN INDEPENDENT RESEARCH WITH PROFESSORS. DURING THE LAST THREE SUMMERS, APPROXIMATELY 45 STUDENTS WERE ENGAGED IN INDEPENDENT RESEARCH WITH PROFESSORS. THE COLLEGE HAS A ROBUST HONORS PROGRAM WHICH BEGAN IN THE LATE 1980'S, AND RECOGNIZES HIGH ACHIEVEMENT AMONG OUR STUDENTS. IN 2014, 65 STUDENTS (OVER 13% OF THE SENIOR CLASS) GRADUATED IN THE HONORS PROGRAM. IN THE SPRING OF 2014, 430 STUDENTS FROM ALL FOUR CLASSES, ABOUT 22% OF THE STUDENT BODY, WERE MEMBERS OF THE HONORS PROGRAM. IN ADDITION, SAINT MICHAEL'S COLLEGE SHELTERS A CHAPTER OF PHI BETA KAPPA, DELTA EPSILON SIGMA AND ELEVEN DISCIPLINE BASED HONORS SOCIETIES WITH OVER 125 MEMBERS OF THE CLASS OF 2014. IN 2003 SAINT MICHAEL'S COLLEGE JOINED THE ELITE GROUP OF 287 COLLEGES NATIONWIDE WITH PHI BETA KAPPA CHAPTERS, MAKING SAINT MICHAEL'S COLLEGE ONE OF THE ONLY 24 CATHOLIC COLLEGES IN THE U.S. AND ONE OF FOUR IN NEW ENGLAND WITH SUCH A CHAPTER. THE COLLEGE IS IDENTIFIED IN THE 2014 EDITION OF THE PRINCETON REVIEW AS ONE OF THE NATIONS' BEST 379 COLLEGES AND IS ALSO INCLUDED IN THE PRESTIGIOUS 2014 FISKE GUIDE'S TOP 300 LIBERAL ARTS COLLEGES AND DEEMED A BEST BUY. SAINT MICHAEL'S COLLEGE IS RATED AS A TOP 100 LIBERAL ARTS COLLEGE BY THE U.S. NEWS AND WORLD REPORT AND RANKED 89TH IN CATHOLIC COLLEGES IN THE NORTHEAST, AND IS NOW THE FIFTH-BEST RANKED AMONG CATHOLIC LIBERAL ARTS COLLEGES IN THE ENTIRE NATION. FACTORS THAT HELPED THE COLLEGE MOVE FROM ITS PRIOR YEAR RANK OF 90TH TO 89TH INCLUDE AN EXCELLENT GRADUATION RATE, STUDENT FACULTY RATIO AND SAT SCORES ALONG WITH OTHER FACTORS. KIPLINGER'S PERSONAL FINANCE 2014 HAS RANKED SAINT MICHAEL'S COLLEGE 68TH ON ITS LIST OF THE COUNTRY'S BEST VALUES IN PRIVATE COLLEGES. FORBES MAGAZINE AMERICA'S TOP COLLEGES' EDITION HAS RANKED SAINT MICHAEL'S COLLEGE 151ST FOR BEST PRIVATE COLLEGE. FOR THE FOURTH STRAIGHT YEAR, SAINT MICHAEL'S COLLEGE WAS INCLUDED IN THE PRINCETON REVIEW'S GUIDE TO 332 GREEN COLLEGES, RECOGNIZED FOR THEIR COMMITMENT TO THE ENVIRONMENT. IN 2012 SAINT MICHAEL'S COLLEGE WAS SELECTED BY THE CARNEGIE FOUNDATION AS ONE OF ONLY 41 BACCALAUREATE ARTS AND SCIENCE COLLEGES NATIONWIDE IN ITS COMMUNITY ENGAGEMENT CLASSIFICATION, AN AREA THEY DEFINE AS THE COLLABORATION BETWEEN INSTITUTIONS OF HIGHER EDUCATION AND THEIR LARGER COMMUNITIES FOR THE MUTUALLY BENEFICIAL EXCHANGE OF KNOWLEDGE AND RESOURCES IN A CONTEST OF PARTNERSHIP AND RECIPROCITY. EVERY FIVE YEARS THE VERMONT DEPARTMENT OF EDUCATION CONDUCTS A PERFORMANCE REVIEW OF ALL THE EDUCATOR PROGRAMS. SAINT MICHAEL'S COLLEGE UNDERWENT THE PROCESS IN OCTOBER 2011 AND RECEIVED FULL APPROVAL FOR ALL LICENSURE PROGRAMS. WE ARE PARTICULARLY PROUD OF THE SEVEN COMMENDATIONS FROM THE REVIEW. NO OTHER TEACHER PREPARATION PROGRAM HAS EVER RECEIVED MORE THAN THREE. THE ACADEMIC PROGRAM IS SUPPORTED BY MANY PROFESSIONAL AND ADMINISTRATIVE STAFF INCLUDING INFORMATION TECHNOLOGY (IT), ACADEMIC ENRICHMENT PROGRAMS, LIBRARY AND INFORMATION SERVICES (LIS), REGISTRAR'S OFFICE, THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE DEAN. THE IT DEPARTMENT IS COMMITTED TO CREATING A ROBUST TECHNOLOGY ENVIRONMENT FOR THE COLLEGE'S STUDENTS, FACULTY AND STAFF. THEY SUPPORT ADMINISTRATIVE APPLICATIONS, INSTRUCTIONAL TECHNOLOGY SERVICES, ALL OF WHICH SUPPORT THE MISSION AND GOALS OF THE COLLEGE BY PROVIDING ITS CONSTITUENTS WITH A RELIABLE, SECURE, AND FAST CAMPUS NETWORK; SUPPORT FOR THE APPROPRIATE INTEGRATION OF TECHNOLOGY INTO TEACHING AND RESEARCH; AND TECHNOLOGY SUPPORT FOR ADMINISTRATIVE OPERATIONS. SAINT MICHAEL'S COLLEGE IS COMMITTED TO STUDENT'S ACADEMIC SUCCESS THEREFORE, IN ADDITION TO ACADEMIC ENRICHMENT PROGRAMS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE, A VARIETY OF SERVICES ARE OFFERED TO ENSURE THAT OUR STUDENTS GET THE MOST OUT OF THEIR EDUCATION INCLUDING INDEPENDENT STUDIES, PEACE AND JUSTICE CENTER, WOMEN'S CENTER, SERVICE LEARNING, STUDENT/FACULTY RESEARCH AND INTERNSHIPS TO NAME A FEW. THESE SERVICES AND ACTIVITIES ARE DESIGNED TO ASSIST OUR STUDENTS IN ENHANCING THEIR LEARNING OPPORTUNITIES IN ORDER TO ACHIEVE THEIR FULLEST INTELLECTUAL DEVELOPMENT. ACADEMIC ENRICHMENT ALSO SUPPORTS FACULTY IN OFFERING EXTRA-CURRICULAR ACTIVITIES THAT ENHANCE THEIR CLASSROOM TEACHING AND IN DESIGNING INNOVATIVE COMPONENTS TO THEIR COURSES THAT FOSTER EXPERIENTIAL LEARNING. LIS PROVIDES STUDENTS, FACULTY, AND STAFF WITH THE INFORMATION RESOURCES AND SERVICES THEY NEED FOR STUDY, TEACHING AND RESEARCH. THE LIBRARY STRIVES TO DETERMINE COMMUNITY NEEDS AND RESPOND TO THEM BY SHAPING ITS RESOURCES AND SERVICES TO PROVIDE THE BEST POSSIBLE SUPPORT FOR THE ACADEMIC PROGRAM. IN ORDER TO SUPPORT OUR STUDENTS ATTENDING SAINT MICHAEL'S COLLEGE, A VARIETY OF GRANTS AND ASSISTANCE ARE AWARDED. REFER TO SCHEDULE I, PART IV FOR ADDITIONAL INFORMATION. AUXILIARY ENTERPRISES(line 4B) IN 2003, THE BOARD OF TRUSTEES AFFIRMED IN THE COLLEGE'S MISSION STATEMENT THAT BEING A MEMBER OF THE RESIDENTIAL COMMUNITY IS CENTRAL TO OUR STUDENTS' EXPERIENCE AT SAINT MICHAEL'S COLLEGE, BY ENDORSING A 100% RESIDENCY REQUIREMENT. IN ADDITION TO EXPENSES ASSOCIATED WITH ON-CAMPUS DINING SERVICES, AUXILIARY SERVICES EXPENSES INCLUDE RESIDENCE HALL BOND INTEREST, DEPRECIATION EXPENSE AND COSTS RELATED TO THE BOOKSTORE, PRINTING AND MAILING SERVICES, SPECIAL EVENTS, SUMMER PLAYHOUSE AND OTHER AUXILIARY PROGRAMS THAT SUPPORT OUR STUDENTS' LIVING AND LEARNING EXPERIENCE AT THE COLLEGE. AS PART OF THE RESIDENTIAL EXPERIENCE, THERE ARE UNIQUE HOUSING OPTIONS AVAILABLE ON CAMPUS BASED ON COMMON INTERESTS THAT STUDENTS SHARE SUCH AS GREAT (GROWING RECOGNITION OF THE EFFECTS OF ALCOHOL ON THINKING) WITH 150 STUDENTS, HONORS HOUSING (51 UNITS) AND GEAR PROGRAM HOUSING (48 UNITS) WHICH PROVIDES AN OPPORTUNITY FOR U.S. STUDENTS TO LIVE WITH INTERNATIONAL STUDENTS. DINING ON CAMPUS PROVIDES THE SOCIAL EXPERIENCE ESSENTIAL TO A WELL-ROUNDED CAMPUS LIFE. STUDENT SERVICES (LINE 4C) STUDENTS ARE AT THE CENTER OF THE COLLEGE'S MISSION. WHILE THE ACADEMIC ELEMENTS ARE FOREMOST, SUPPORTING THE STUDENTS' PERSONAL DEVELOPMENT IS VITAL AS WELL. THE OFFICES OF ADMISSIONS, STUDENT LIFE, EDMUNDITE CAMPUS MINISTRY, WILDERNESS PROGRAM, ATHLETICS AND MANY STUDENT CLUBS WORK TO ENHANCE STUDENTS' PERSONAL GROWTH AS WELL AS THEIR ACADEMIC SUCCESS. TO SUPPLEMENT THE ACADEMIC CULTURE ON CAMPUS AND ENRICH OVERALL QUALITY OF THE COLLEGE EXPERIENCE, A VARIETY OF WEEKEND PROGRAMS IS OFFERED TO STUDENTS, ALONG WITH MANY OUTDOOR PROGRAMS SUCH AS THE SKI PASS, CULTURAL AND ARTISTIC EVENTS THROUGH THE FLYNN CENTER-SAINT MICHAEL'S COLLEGE CULTURAL PASS, A VARIETY OF MINISTRY PROGRAMS, AND COMMUNITY SERVICE OPPORTUNITIES THROUGH MOVE (MOBILIZATION OF VOLUNTEER EFFORTS). APPROXIMATELY 80% OF STUDENTS ARE INVOLVED IN SOME FORM OF INTERCOLLEGIATE, INTRAMURAL, CLUB, RECREATION, PERSONAL FITNESS, OR WILDERNESS PROGRAM OFFERING. APPROXIMATELY 21% OF SAINT MICHAEL'S COLLEGE STUDENTS PARTICIPATE IN ONE OF THE 21 VARSITY SPORTS. OUR STUDENT ATHLETES HAVE ACHIEVED A 98% ACADEMIC SUCCESS RATE (ASR); A STATISTIC DEFINED BY THE NCAA AS A MEASUREMENT OF GRADUATION WITHIN A 6 YEAR COHORT TIME PERIOD AS OF JUNE 2013. SAINT MICHAEL'S COLLEGE HAS AGAIN BEEN RECOGNIZED AS A RECIPIENT OF THE DIVISION II PRESIDENTS' AWARD FOR ACADEMIC EXCELLENCE AS A MEMBER OF THE NORTHEAST-10 CONFERENCE. SAINT MICHAEL'S COLLEGE ACHIEVED THE HIGHEST ACADEMIC SUCCESS RATE (ASR) IN THE CONFERENCE, AND RANKED AMONG THE TOP 5 IN THE NATION. THE OFFICE OF STUDENT ACTIVITIES STRIVES TO PROVIDE STUDENTS OPPORTUNITIES TO DEVELOP AS ETHICAL LEADERS AND ENGAGED CITIZENS, AND OFFERS A WIDE VARIETY OF PROGRAMS AND ACTIVITIES DESIGNED TO MEET THEIR NEEDS. OUR GOT SKILLS PROGRAM (SOCIALLY JUST, KINDNESS TOWARD OTHERS, INCLUSIVE TOWARD ALL PEOPLE, LEADING AT EVERY TURN, LISTENING WITH CARE AND, SELF-RESPECTFUL) FOCUSES ON PROMOTING HUMAN DIGNITY AND DIVERSITY. EDUCATIONAL PROGRAMS OFFERED IN THE RESIDENCE HALLS HELP TO BRING PEOPLE TOGETHER WHO MIGHT NOT HAVE OTHERWISE MET, HELP PEOPLE TO BETTER KNOW EACH OTHER, AND EXPOSE INDIVIDUALS TO NEW IDEAS AND BELIEFS. FLOOR VISITOR'S DIALOGUE PROGRAMS PROVIDE AN ENVIRONMENT CONDUCIVE FOR FACULTY, STAFF AND STUDENT DIALOGUE ABOUT ACADEMIC AND COMMUNITY PURSUITS. THESE ARE A SAMPLE OF THE PROGRAMMING OFFERED TO STUDENTS IN THE RESIDENCE HALLS. THE OFFICE OF STUDENT ACTIVITIES ASSISTS THE STUDENT GOVERNMENT ON CAMPUS AS WELL AS STUDENT CLUBS. APPROXIMATELY 95% OF THE STUDENT POPULATION PARTICIPATES IN STUDENT ACTIVITIES PROGRAMS. THE COLLEGE EMBRACES AND SUPPORTS STUDENTS' COMMITMENT TO COMMUNITY SERVICES REFLECTED BY THE FACT THAT 65% OF OUR STUDENTS PARTICIPATE IN A SERVICE ACTIVITY THROUGH OUR MOVE PROGRAM - PART OF EDMUNDITE CAMPUS MINISTRY. THE FUNDAMENTAL OBJECTIVE OF EDMUNDITE CAMPUS MINISTRY IS TO HELP STUDENTS, FACULTY AND STAFF REFLECT ON AND CELEBRATE THE SPIRITUAL DIRECTION, AND PRAYERFUL REFLECTION MEALS ARE DESIGNED TO ENCOURAGE EVERYONE TO STEP BACK AND EXPERIENCE LIFE AT ITS DEEPEST, MOST MEANINGFUL LEVEL. ABOUT 15% OF OUR STUDENT POPULATION IS INVOLVED IN WEEKLY OR DAILY WORSHIP AS WELL AS ATTENDANCE IN THESE PROGRAMS. OTHER PROGRAM SERVICES (LINE 4D) OTHER PROGRAM SERVICE EXPENSES INCLUDE PUBLIC SERVICE AND RESEARCH. GOVERNING DOCUMENT CHANGES FORM 990, PART VI, SECTION A, LINE 4 THE AMENDED ARTICLES OF INCORPORATION WERE AMENDED NOVEMBER 18, 2013 BUT THERE WERE NO SIGNIFICANT CHANGES THAT AFFECTED THE OVERALL MISSION OR OPERATIONS OF THE COLLEGE. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 FORM 990 SCHEDULES ARE PREPARED BY COLLEGE PERSONNEL WITH GUIDANCE AND REVIEW FROM EXTERNAL TAX PREPARERS WHO SIGN AND FILE THE FORM. PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE EACH MEMBER OF THE BOARD OF TRUSTEES WAS PROVIDED WITH FORM 990 AND ALL SCHEDULES, EXCEPT SCHEDULE B, CONTRIBUTION DETAIL, IN ORDER TO RESPECT OUR DONORS' CONFIDENTIALITY. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE COLLEGE DISTRIBUTES THE CONFLICT OF INTEREST POLICY, QUESTIONNAIRE AND CERTIFICATION ANNUALLY TO TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE SECRETARY REVIEWS THE RESPONSES AND POTENTIAL CONFLICTS ARE BROUGHT TO THE TRUSTEESHIP AND MISSION COMMITTEE FOR REVIEW AND RESOLUTION. A LIST OF INTERLOCKING BOARDS IS MAINTAINED TO ASSIST IN DETERMINING IF POTENTIAL CONFLICTS ARISE DURING THE YEAR. THE TRUSTEESHIP AND MISSION COMMITTEE SUBMITS NAMES FOR BOARD RECRUITMENT AND VETS ANY CONFLICT ISSUES. THIS COMMITTEE PROVIDES INFORMATION TO THE EXECUTIVE COMMITTEE FOR CONSIDERATION AND NOMINATION. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14 THE COLLEGE HAS A HIGH-LEVEL DOCUMENT RETENTION AND DESTRUCTION POLICY AND FOLLOWS SPECIFIC GUIDELINES PROVIDED BY THE INTERNAL REVENUE SERVICE AND RELEVANT REGULATIONS WITH RESPECT TO RECORDS RETENTION AND DESTRUCTION - INCLUDING THE PROVISIONS OF VERMONT LAW (9 VSA PART 3 CHAPTER 62 SUBCHAPTER 4 DOCUMENT SAFE DESTRUCTION ACT) WITH RESPECT TO DISPOSAL OF DOCUMENTS CONTAINING CONFIDENTIAL INFORMATION. ANOTHER RESOURCE UTILIZED BY THE COLLEGE IS "RECORD RETENTION AND DISPOSAL: A MANUAL FOR COLLEGE DECISION MAKERS", WHICH PROVIDES THE COLLEGE WITH A GUIDE TO THE APPLICABLE LAWS, REGULATIONS AND OTHER CONSIDERATIONS FOR ALL AREAS OF OUR BUSINESS, INCLUDING EMPLOYMENT AND ADMISSIONS APPLICATIONS, PAYROLL, STUDENT RECORDS, FINANCIAL, TAX AND CONTRIBUTIONS RECORDS AS WELL AS FEDERAL REPORTING SPECIFIC TO THE HIGHER EDUCATION INDUSTRY. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, EXCLUDING THE COLLEGE PRESIDENT, IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE EXECUTIVE OFFICERS OF THE COLLEGE. THE EXECUTIVE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES. THE EXECUTIVE COMMITTEE HAS THE RESPONSIBILITY FOR DECISIONS REGARDING COMPENSATION IN ALL ITS CURRENT AND POTENTIAL FORMS FOR THE EXECUTIVE OFFICERS OF THE COLLEGE. THE VICE PRESIDENT OF HUMAN RESOURCES PROVIDES INDEPENDENT COMPENSATION DATA, E.G. NACUBO, CUPA, ETC. AND ANALYSIS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MEETS ANNUALLY, USUALLY WHILE THE TRUSTEES ARE HERE FOR THE MARCH OR JUNE BOARD MEETING, TO REVIEW SURVEY DATA REGARDING COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE. THE LAST MEETING WAS JUNE 2013. THE COLLEGE COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS, (2) THE COMMITTEE AUTHORIZING EXECUTIVE COMPENSATION OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING DETERMINATIONS, AND (3) THE COMMITTEE ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATIONS CONCURRENTLY WITH MAKING THE DETERMINATIONS. PUBLIC DISCLOSURE POLICY FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE IS A PRIVATE ORGANIZATION AND THEREFORE BY LAW, IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IN THE INTEREST OF TRANSPARENCY, THE COLLEGE COMPLIES WITH REQUESTS FOR THIS INFORMATION FROM THE FEDERAL AND STATE REGULATORY AGENCIES, OUR ACCREDITATION AGENCY AND OTHER ENTITIES OR INDIVIDUALS IN THE ORDINARY COURSE OF BUSINESS. THE COLLEGE POSTS THE MOST RECENT THREE YEARS OF FORM 990 AND 990-T ON OUR WEBSITE. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 AND LINE 9 FORM 990, PART XI, LINE 5 UNREALIZED LOSSES ON INVESTMENTS $(2,559,298) FORM 990, PART XI, LINE 9 GAMBLING INCOME INCLUDED IN LIABILITY ACCOUNT $ (34,898) SAINT MICHAEL'S COLLEGE FIRE & RESCUE ONE WINOOSKI PARK COLCHESTER VT 05439 201120657 FIRE & RESCUE VT 501(C)(3) 7 NA true MERRILL CEMETERY ASSOCIATION INC ONE WINOOSKI PARK COLCHESTER VT 05439 010868920 CEMETERY VT 501(C)(13) NA true CHARITABLE REMAINDER TRUST (1) INVESTMENT VT SMC TRUST true false false true false false false false false false false false false true true false true false false SAINT MICHAEL'S COLLEGE FIRE AND RESCUE C 100000 COST SAINT MICHAEL'S COLLEGE FIRE AND RESCUE N 73500 FMV SAINT MICHAEL'S COLLEGE FIRE AND RESCUE q 67661 cost