2014-01-31T15:01:38-07:00 2013-06-30 990 2012-07-01 010211781 PRESIDENT AND TRUSTEES OF BATES COLLEGE PRES 2077868339 216 Lane Hall 2 Andrews Rd Lewiston ME 04240 Terry Beckmann 2077868339 2014-01-31 2012 2015-11-30 17:44:51Z Terry Beckmann 216 Lane Hall 2 Andrews Road Lewiston ME 04240 138002685 0 X www.bates.edu X 1855 ME Bates College is a private, highly selective, residential college devoted to undergraduate study in the traditional disciplines of the liberal arts and sciences as well as in emerging interdisciplinary programs. 40 37 2467 2469 18865 0 13378328 12523672 101708445 104732460 12676514 11673412 -39706 26440 127723581 128955984 27393033 27785663 0 0 58423492 60599625 13211 14644 5161812 39786556 39434437 125616292 127834369 2107289 1121615 432829921 449942982 102540776 100239179 330289145 349703803 Bates is a college of the liberal arts and sciences, and is a coeducational, nonsectarian, residential college with special commitments to academic rigor, and to assuring in all of its efforts the dignity of each individual, and access to its programs and opportunities by qualified learners. Bates offers a curriculum and faculty that challenge students to attain intellectual achievements and to develop powers of critical assessment, analysis, expression, aesthetic sensibility, and independent thought. The College sponsors cultural, volunteer, athletic, social, and religious opportunities which are open to all students, and values participation in these activities. 0 0 111080576 27785663 104732460 Higher Education: Bates College, widely regarded as one of the finest liberal arts colleges in the nation, is dedicated to the principle of active engagement. A 10-1 student-faculty ratio makes possible close collaborations in classroom and laboratory; the Bates learning experience is honed through seminars, research, service-learning, and the capstone of senior thesis. Typically, two-thirds of Bates's approximately 1,700 students on campus study abroad at some point during their academic careers at Bates. Co-curricular life is rich: most students participate in one of more than 100 student-run clubs and organizations. Alumni frequently cite the capacities they develop at Bates for critical assessment, analysis, expression, aesthetic sensibility and independent thought. About 60 percent of students participate in career internships, and more than two-thirds of recent graduates enroll in graduate study within 10 years after graduation. (Approximately 1,700 students on-campus.) 0 0 0 111080576 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 0 1 0 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 1 1 0 0 1 X 366 0 1 2467 1 1 0 0 0 0 0 0 0 0 0 0 X 40 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Treasurer 2077868339 Bates College 2 Andrews Rd Lewiston ME 04240 Stuart B Abelson 1 X 0 0 0 Alison R Bernstein 1 X 0 0 0 H Scott Bierman 1 X 0 0 0 Michael W Bonney 1 X 0 0 0 Steven A Brown 1 X 0 0 0 Andrea C Bueschel 1 X 0 0 0 Ann E Bushmiller 1 X 0 0 0 William C Carey 1 X 0 0 0 J Michael Chu 1 X 0 0 0 George W Cole 1 X 0 0 0 Darrell W Crate 1 X 0 0 0 Geraldine M FitzGerald 1 X 0 0 0 Richard H Forde 1 X 0 0 0 Scott D Freeman 1 X 0 0 0 Marjorie Northrop Friedman 1 X 0 0 0 Stephen M Fuller 1 X 0 0 0 John D Gillespie 1 X 0 0 0 Christopher J Gorayeb 1 X 0 0 0 Susan S Kozik 1 X 0 0 0 Paul Marks 1 X 0 0 0 Dervilla M McCann 1 X 0 0 0 James J McNulty 1 X 0 0 0 Jamie P Merisotis 1 X 0 0 0 Karl O Mills 1 X 0 0 0 Dana Petersen Moore 1 X 0 0 0 James F O'Brien 1 X 0 0 0 Jennifer L Porter 1 X 0 0 0 Mary H Pressman 1 X 0 0 0 Barbara M Raths 1 X 0 0 0 Carol L Rattray 1 X 0 0 0 John T Rossello Jr 1 X 0 0 0 Jeremy M Sclar 1 X 0 0 0 Lena Sene 1 X 0 0 0 Richard L Smith 1 X 0 0 0 Valerie A Smith 1 X 0 0 0 William F Sweat 1 X 0 0 0 Quoc Kinh Tran 1 X 0 0 0 Victoria A Wicks 1 X 0 0 0 Laura Young Connelly 1 X 0 0 0 A Clayton Spencer - employed 6-1-12 40 X X 288998 0 53872 Terry J Beckmann 40 X 235204 0 50088 Pamela Baker 40 X 197734 0 40297 Eugene Wiemers 40 X 168200 0 37031 Tedd Goundie 40 0 X 158700 0 46604 Nancy J Cable 40 0 X 260538 0 63845 Alice Reich 40 0 X 189164 0 39346 Michael Murray 40 0 X 183164 0 51325 Thomas Wenzel 40 0 X 157414 0 33170 Margaret Maurer-Fazio 40 0 X 153206 0 40461 1992322 0 456039 78 0 1 0 Consigli Construction 84 Middle Street Portland ME 04101 Construction 684095 Generation Branding and Communicatins Inc dba Generation 231 Front Street Brooklyn NY 112011217 Consulting 266284 PricewaterhouseCoopers 125 High Street Boston MA 02110 Auditing 230419 Cambridge Associates LLC PO Box 83232 Chicago IL 606910232 Investment Management 214429 Randall Swan 136 Bear Pond Road Turner ME 04282 Construction 210165 10 0 0 31708 0 2093988 10397976 1027215 12523672 Student Tuition and Fees 611310 99391255 99391255 0 0 Other Education Programs and Events 611310 3560331 3560331 0 0 Auxilliary 611710 1780874 1780874 0 0 0 0 0 0 104732460 2532999 0 0 2532999 0 0 0 0 0 0 0 0 540779 0 517655 0 23124 0 23124 0 0 23124 9015801 8606083 8481471 0 534330 8606083 9140413 0 18865 9121548 50891 31708 47575 3316 0 3316 0 128955984 104732460 18865 11680987 11883 11883 26322808 26322808 1450972 1450972 1927335 592363 1039221 295751 65892 65892 44285884 38347318 3535224 2403342 4375654 3797668 338099 239887 6661145 5652260 626030 382855 3283715 2822449 284434 176832 184549 45620 138404 525 251045 251045 14644 14644 1338811 1338811 2511276 1856153 512393 142730 3138329 2565967 277839 294523 5208770 3791420 1417350 5007692 4420339 555709 31644 2186392 1841271 119363 225758 339066 282657 15652 40757 3205959 3177857 28102 6263568 5932353 331215 371079 371079 Food and Beverage 3215610 2427066 273784 514760 Books, Periodicals & Collections 2027280 1977142 27197 22941 Cost of Sales 910956 872452 14220 24284 Equipment Rental, Maintenance & Other 3274055 2826666 96810 350579 127834369 111080576 11591981 5161812 22292 21570 9556678 12451746 4429058 3477928 1510209 1597167 6479518 6457081 484884 495795 2680764 2249538 215887808 74279660 142013196 141608148 83226540 81165858 170423089 187033250 12003693 13384901 432829921 449942982 8083703 8604646 3079928 2975708 63710450 60910450 58888 48858 27607807 27699517 102540776 100239179 X 109851016 116660981 77337588 85400896 143100541 147641926 330289145 349703803 432829921 449942982 1121615 18293043 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College pays membership dues to various organizations, some portion of which may be used for lobbying in connection with issues that impact higher education. 0 0 X X X X 0 0 1 X 216156213 2436269 25761413 4389891 6160018 0 233803986 231451110 2176458 -6246499 4406836 6818020 0 216156213 198547532 4693542 39499054 4671603 6617415 0 231451110 183848236 2126729 24566052 4981733 7011752 0 198547532 267220050 1869333 -72712163 5021295 7507689 0 183848236 0.15 0.85 0 0 0 1180668 2835838 4016506 6065392 191537971 65642131 131961232 0 0 0 0 0 14267939 8637529 5630410 0 0 0 0 141608148 0 Equity Securities and Funds 38679946 F Venture Capital and Private Equity Partnerships 51786859 F Hedge Funds 67029416 F Fixed Income Funds 11137201 F Real Estate, Commodity and Other Funds 18399828 F 187033250 Asset Retirement Obligations 5873521 Bond Premiums 1033311 Split Interest Agreement and Annuity Obligation 14405766 Federal Student Loan Funds Repayable 6386919 27699517 146475446 18293043 0 0 0 18293043 128182403 1338811 -565230 773581 128955984 127060788 0 0 0 0 0 127060788 1338811 -565230 773581 127834369 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The College's policy is not to capitalize collections, primarily art objects, as they are held for educational, research, and curatorial purposes. Each of the items is cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. Any proceeds from the sale of collection items are used to acquire other items for the collection. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Museum of Art permanent collection is comprised of over 5,000 objects and growing, in large part due to the generosity of gifts of fine works of art from patrons. The collection is regularly studied by students across academic disciplines, and Museum of Art Interns and Independent Study students research and study objects from this vital college research field each semester. Their participation is frequently an important component of collection exhibits. The Museum of Art brings a world of ideas to Bates College and the state of Maine. Through temporary exhibitions, the permanent collection, programming and education programs the Museum of Art is an integral part of the intellectual and cultural life of the College and region, serving as a laboratory for creative thought and a social space where artists, curators, scholars, students and visitors engage with art together. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Funds held on behalf of student groups for student-initiated activities. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The investment time horizon for the endowment is long-term, consistent with its expected perpetual life. The financial goals for the endowment are (a) to achieve investment returns, net of all costs of management, over full market cycles at least equal to the sum of the rate of inflation (Higher Education Price Index) and the spending rate, and (b) to provide a predictable and stable flow of funds for the operating budget of the College. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Rental and fundraising expenses included in Part VIII, line 6b and 8b SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Rental and fundraising expenses included in 990 Part VIII, line 6b and 8b. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The college catalog contains the College's racial non-discrimination policy. All admitted students and prospective students who sign up for our mailing list received a catalog and any person may receive a catalog upon request. The College's non-discrimination policy is included in several places on the College's official website, including the online Student Handbook. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Pell Grant Program, Perkins Loan Program, Supplemental Educational Opportunity Grants, Federal Work Study 1 Europe (including Iceland and Greenland) 0 2 Program Services Fall Semester Abroad Program 269277 Europe (including Iceland and Greenland) 0 5 Program Services 5-week short term educational program 179792 Sub-Saharan Africa 0 1 Program Services 5-week short term educational program 47422 Europe (including Iceland and Greenland) 0 5 Program Services Federally sponsored research award 34468 Europe (including Iceland and Greenland) 0 39 Program Services Faculty and staff professional development and research, study abroad visits and Debate Team travel abroad 93182 East Asia and the Pacific 0 8 Program Services Faculty and staff professional development and research, and student recruitment 59545 North America (including Canada and Mexico, but not the United States) 0 22 Program Services Faculty and staff professional development, research and student club travel 23285 Russia and the newly independent States 0 3 Program Services Faculty and staff professional development, research and related travel 16703 South America 0 5 Program Services Faculty and staff development, research and related travel 13972 Middle East and North Africa 0 2 Program Services Faculty and staff professional development, research and related travel 11472 Sub-Saharan Africa 0 3 Program Services Faculty and staff professional development, research and related travel 6955 Central America and the Caribbean 0 1 Program Services Faculty and staff professional development, research and related travel 3360 East Asia and the Pacific 0 4 Fundraising Alumni and donor events 43088 Europe (including Iceland and Greenland) 0 1 Fundraising Alumni and donor events 3033 Central America and the Caribbean 0 0 Investments 47618388 Europe (including Iceland and Greenland) 0 0 Investments Europe, including Iceland and Greenland Investment Book Value = $1,948,000, expenses total $15,039 1948000 0 101 50371942 Need based financial aid Europe (including Iceland and Greenland) 69 1029797 Checks and wire 0 Need based financial aid East Asia and the Pacific 19 223973 Checks and wire 0 Need based financial aid Sub-Saharan Africa 8 105662 Checks and wire 0 Need based financial aid South Asia 5 46804 Checks and wire 0 Need based financial aid Middle East and North Africa 3 23957 Checks and wire 0 Need based financial aid South America 2 10441 Checks and wire 0 Need based financial aid Central America and the Caribbean 1 8411 Checks and wire 0 Need based financial aid North America (including Canada and Mexico, but not the United States) 1 1927 Checks and wire 0 1 0 1 1 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 For need based financial aid for students studying abroad, an official transcript from the institution abroad is obtained to confirm the student's study and proper use of funds. For each Fall Semester Abroad and Short Term educational programs, a comprehensive and detailed budget is prepared by the faculty member(s) and reviewed by the administration; disbursements are individually requested, reviewed, and compared to the budget; and receipts and subsequent expense reports are prepared by the faculty member(s) and reviewed by the administration. For Federal Awards for research activities, a comprehensive budget and budget justification is approved by the Federal awarding agency, an annual independent single audit is conducted in accordance to A-133 compliance guidelines with federal spending. SchF_P01_S00_L03 Schedule F, Part I, Line 3 Expenditures are recorded on the accrual basis of accounting. Football Golf Outing 49821 18230 31591 410 1049 11115 11968 0 1876 Men's Basketball Golf Outing 19664 3944 15720 0 4261 5210 4303 0 567 1 13114 9534 3580 0 0 2560 3224 0 1032 82599 31708 50891 410 5310 18885 19495 0 3475 47575 3316 1 Bates Morse Mountain Conservation Area Corporation 221 Lane Hall 2 Andrews Road Bates College Lewiston ME 04240 010355490 11883 0 Payment to Town of Phippsburg in lieu of taxes 1 1 Need based financial aid including federal financial aid grants 714 0 26322808 Cash basis Need based financial aid grants SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grant funds are credited to student accounts in the form of need-based financial aid that reduce the comprehensive fee. X X 1 1 X X X X 0 0 0 0 0 0 0 0 1 1 A Clayton Spencer - employed 6-1-12 249333 0 0 0 39664 0 25035 0 33711 0 347743 0 0 0 Terry J Beckmann 232166 0 0 0 3038 0 27135 0 23009 0 285348 0 0 0 Pamela Baker 197438 0 0 0 297 0 22968 0 20154 0 240857 0 0 0 Eugene Wiemers 168784 0 0 0 0 0 19529 0 17558 0 205871 0 0 Tedd Goundie 162507 0 0 0 0 0 18776 0 37260 0 218543 0 0 0 Nancy J Cable 262500 0 0 0 0 0 29275 0 34627 0 326402 0 0 0 Alice Reich 189295 0 0 0 0 0 21991 0 17412 0 228698 0 0 0 Michael Murray 190322 0 0 0 0 0 22114 0 29268 0 241704 0 0 0 Thomas Wenzel 135420 0 0 0 21994 0 15526 0 17702 0 190642 0 0 0 Margaret Maurer-Fazio 152307 0 0 0 899 0 17552 0 28452 0 199210 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Residence for personal use - Pursuant to employment agreements as a condition of employment and for the convenience of the College, a campus residence was provided to President A Clayton Spencer, Vice President for Academic Affairs and Dean of Faculty Pamela Baker, and Dean of Students Tedd Goundie; travel for companions - Pamela Baker's family member was an employee of the College and was included in travel for bona fide business purposes; not considered taxable compensation. SchJ_P01_S00_L08 Schedule J, Part I, Line 8 There was one contract subject to the initial contract exception for President A. Clayton Spencer. A Maine Health and Higher Educational Facilities Authority - 2003B 010314384 560425MY3 2003-07-24 3965000 Proceeds used to fund an electronic security access system 0 0 1 B Maine Health and Higher Educational Facilities Authority - 2006B 010314384 560425C40 2006-04-06 37990000 Proceeds were used to construct a new residential village and a new dining hall 0 0 1 C Maine Health and Higher Educational Facilities Authority - 2008D 010314384 5604253L2 2008-12-03 15895000 Proceeds used to extinguish the series 2000A and 2000B bonds 0 0 1 D Maine Health and Higher Educational Facilities Authority - 2010A 010314384 560427GZ3 2010-04-22 13600000 Proceeds used to renovate and overhaul two residence halls for use as academic facilities 0 0 1 A 2520000 0 4062828 403888 115130 0 39631 9819 0 3494360 0 0 2004 0 0 1 1 B 3060000 0 41399910 2506125 2765722 0 355752 128882 0 35643429 0 0 2008 0 0 1 1 C 4185000 0 15996720 0 0 0 159433 0 0 0 15837287 0 2008 1 0 1 1 D 450000 0 13799199 894556 761764 0 142794 0 0 12000085 0 0 2011 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 1 0 0 1 FSA 30 1 0 1 B 1 0 0 1 FSA 30 1 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SchK_P01_S00_L00e Schedule K, Part I, Column e The amounts included in Form 900, Schedule K, Part 1, Column (e) represent the par value of the College's portion of each pooled bond issue. The issue price listed on Form 8038, Part III, Line 21(b) includes proceeds for other institutions in addition to the College, the total proceeds for all institutions are as follows: Line A - $60,650,695, Line B - $58,593,636, Line C - $41,658,395, Line D - $99,977,871. SchK_P02_S00_L03 Schedule K, Part II, Line 3 Proceeds include interest on construction funds and net premium proceeds as follows: A - $44,823 interest / $53,005 premium; B - $2,145,899 interest / $1,264,011 premium; C - $0 interest / $101,721 premium; D - $85 interest / $199,114 premium. On file at the College On file at the College 2496 Endowed Professorship Research Award TIAA-CREF Financial Services Retirement funds administrator 7691876 See Part V 0 Prospector Partners LLC Endowment Investment Fund Manager 111935 See Part V 0 David Baker Family of Key Employee 51731 Employment compensation 0 Benjamin Goundie Family of Key Employee 14161 Employment compensation 0 SchL_P04_S00_L00 Schedule L, Part IV Line (1)(d) - Trustee Mary Pressman's family member served as an officer for the administrator of the College's retirement funds. Line (2)(d) - Trustee John Gillespie served as the managing member of an investment company that manages an investment vehicle with a fair market value of $111,935 at June 30, 2013. X 104 1027215 Exchange Traded Securities 0 0 1 0 SchM_P01_S00_L33 Schedule M, Part I, Line 33 Books and publications, scientific and other collectibles, works of art and historical artifacts were not reported on Form 990, Part VIII, Line 1g, because the College does not capitalize its collections, as allowed under SFAS 116. F990_P05_S00_L03b Form 990, Part V, Line 3b Form 990-T will be filed by the extended due date of May 15, 2014. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee is empowered to act for the Corporation when the Board is not meeting; minutes of Executive Committee meetings are distributed to all Trustees. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Trustees John Gillespie and J. Michael Chu have a business relationship. Trustees John Gillespie and John Rossello have a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The return is reviewed by management and an independent accounting firm and then the Audit and Legal Affairs Committee reviews the entire return in detail; a copy of the return is provided to all board members for review and comment prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c An annual conflict of interest questionnaire is distributed to all board members, institutional officers, key employees, and other personnel with purchasing responsibilities. Responses are reviewed and evaluated by a sub-committee of the Audit and Legal Affairs Committee of the Board of Trustees and reported to the Audit and Legal Affairs Committee and the full board annually. Individuals with a conflict recuse themselves from deliberations, decisions and votes pertaining to the conflict. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually, the President makes recommendations for the officers and key employees other than herself, to the compensation subcommittee which is a subcommittee established by the executive committee of the Board of Trustees and includes the Board Chair and the Chairs of the following committees: Academic Affairs, Budget and Finance, and Audit and Legal Affairs, all of whom are independent. The compensation subcommittee evaluates these recommendations and determines the President's compensation in conjunction with a report prepared by an outside consultant that presents comparable data from 25 peer schools. The compensation subcommittee reviews and approves compensation which is documented and signed by the Board Chair. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Financial Statements are available on the College's website. Other documents are provided upon request. Charitable Remainder Trusts (9) 2 Andrews Rd Lewiston ME 04240 Trust ME N/A T 1 Pooled Income Trusts (2) 2 Andrews Rd Lewiston ME 04240 Trust ME N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Pooled Income Trusts (2) s 1596285 Fair Market Value