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false LOBBYING ACTIVITY PART II-B, LINE 1I DURING THE YEAR ENDED JUNE 30, 2013, ENDICOTT COLLEGE ENGAGED ADS VENTURES INC. TO ASSIST THE COLLEGE IN OBTAINING FEDERAL GRANTS. X X X false false false 44884187 2285280 4446485 104410 51511542 38696875 6245559 39456 97703 44884187 31077558 1869807 5761849 12339 38696875 21109882 7071180 2908984 12488 31077558 25125890 555000 -4571008 21109882 0.91000 0.08000 0.01000 false false 10884132 10884132 159987881 32502497 127485384 13996419 10316874 3679545 14560552 0 14560552 156609613 0 REFUNDABLE ADVANCES - US GOV'T 545383 LIABILITY- INTEREST RATE SWAPS 7803544 8348927 X 99132794 2544185 -18389392 -15845207 114978001 114978001 75646902 75646902 21360758 21360758 97007660 COLLECTIONS OF ART PART III, LINE 4 ENDICOTT COLLEGE DOES NOT HAVE A SEPARATE ART COLLECTION REPORTED IN THE FINANCIAL STATEMENT. HOWEVER, ENDICOTT'S LIBRARY HOUSES COLLECTIONS OF BOOKS, PERIODICALS, AND OTHER REFERENCE MATERIALS. WITHIN THE LIBRARY IS AN ARCHIVES & MUSEUM. THE PURPOSE OF THE ARCHIVES & MUSEUM IS TO PRESERVE, INTERPRET, AND EXHIBIT THE HISTORY OF THE COLLEGE. THIS IS ACCOMPLISHED THROUGH A PERMANENT COLLECTION THAT INCLUDES, BUT IS NOT LIMITED TO, ARCHIVAL DOCUMENTS THAT CHRONICLE THE DEVELOPMENT OF THE COLLEGE, PHOTOGRAPHS, EPHEMERA, ORAL HISTORY, AND ARTIFACTS. THE ARCHIVES & MUSEUM ENHANCES THE APPRECIATION AND UNDERSTANDING OF ENDICOTT COLLEGE'S HERITAGE, SHOWS THE EVOLUTION AND GROWTH OF THE INSTITUTION AND THE INFLUENCE THE INSTITUTION HAS WITHIN THE EXTENDED COMMUNITY. ENDOWMENT FUNDS PART V, LINE 4 ENDICOTT'S ENDOWMENT INCLUDES 72 FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS, ACADEMIC PROGRAMS, AND ASSISTANCE TO STUDENTS WITH DISABILITIES. FUNDS RESTRICTED TO SCHOLARSHIPS ARE AWARDED BASED ON A COMBINATION OF FINANCIAL NEED AND OTHER DONOR-SPECIFIED CRITERIA. APPROXIMATELY 91% OF THE ENDOWMENT IS UNRESTRICTED. INCOME AND DIVIDENDS ARE REINVESTED, AND APPROPRIATIONS (DRAWS) ARE MADE ONLY FOR DONOR-STIPULATED PURPOSES; THAT AMOUNT IS TYPICALLY LESS THAN 1% OF THE ENDOWMENT. GENERALLY, THE MAXIMUM DRAW IS NO GREATER THAN 5% OF THE AVERAGE FAIR VALUE OF EACH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT. DUE TO MOST ENDOWMENT FUNDS CONTINUING THEIR RECOVERY FROM PRIOR MARKET LOSSES, IN 2013 ONLY $104,410 WAS APPROPRIATED. ENDICOTT EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE GREATER THAN PLANNED PAYOUTS. THE COLLEGE TRANSFERS OPERATING FUNDS ON AN ANNUAL BASIS IN ORDER TO HELP BUILD THE ENDOWMENT. IN FISCAL 2013 A TOTAL OF $2,285,280 WAS ADDED. 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 (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. 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. 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 AN 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 TAXING AURHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTANTIES 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, DEFINED BY STATUTES OF LIMTATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE STATE OF MASSACHUSETTS. AS OF JUNE 30, 2013, OPEN FEDERAL AND MASSACHUSETTS TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2010, THROUGH JUNE 30,2012. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED ON FINANCIAL STATEMENTS BUT NOT ON RETURN PART XII, LINE 2D CHANGE IN LIABILITY FOR INTEREST RATE SWAP 3,400,173 EXTINGUISHMENT OF DEBT (428,807) SCHOLARSHIPS (21,360,758) ------------ TOTAL (18,389,392) OTHER EXPENSES INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XIII, LINE 4B SCHOLARSHIPS 21,360,758 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY PART I, LINE 3 ENDICOTT'S STATEMENTS ON NONDISCRIMINATION CAN BE FOUND IN ALL MAJOR DOCUMENTS OF THE COLLEGE INCLUDING: THE UNDERGRADUATE AND GRADUATE CATALOGS, EMPLOYEE HANDBOOK, STUDENT HANDBOOK, INTERNSHIP DIRECTORY, FACTS AND FIGURES, ANNUAL REPORT, SOUNDINGS MAGAZINE AND MANY OTHER DOCUMENTS PUBLISHED BY THE COLLEGE. THE STATEMENT IS ALSO LOCATED ON THE COLLEGE WEBSITE AND IN MANY OF ONLINE PUBLICATIONS. FINANCIAL AID OR ASSISTANCE PART I, LINE 6A ENDICOTT COLLEGE PARTICIPATES IN FEDERAL STUDENT AID PROGRAMS AS WELL AS MASSACHUSETTS STUDENT AID PROGRAMS. true Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 1210322 East Asia and the Pacific Program Services STUDY ABROAD 453862 South Asia Program Services STUDY ABROAD 14976 South America Program Services STUDY ABROAD 21693 North America 5 Program Services FOREIGN CAMPUS 595224 Central America and the Caribbean Program Services INVESTMENTS 4225418 North America Investments INV IN FOREIGN CAMPUS 1098587 5 5 7620082 7620082 ENDICOTT STUDENT AID Europe (Including Iceland and Greenland) 68 304296 check/wire ENDICOTT STUDENT AID East Asia and the Pacific 25 105035 check/wire ENDICOTT STUDENT AID South Asia 1 1500 check/wire ENDICOTT STUDENT AID South America 1 7193 check/wire true false true false false false MONITOR THE USE OF GRANT FUNDS OUTSIDE OF THE U.S. PART I, LINE 2 THE PROCEDURE FOR AWARDING SCHOLARSHIP AID TO STUDENTS STUDYING ABROAD FOLLOWS THE SAME PROCEDURE AS SCHOLARSHIP AID AWARDED TO STUDENTS STUDYING AT THE BEVERLY, MASSACHUSETTS CAMPUS. STUDENTS ARE AWARDED AID BASED ON MERIT AND/OR FINANCIAL NEED. ALL STUDENTS MUST APPLY FOR FINANCIAL AID AND SUBMIT A FREE APPLICATION FOR STUDENT AID (FAFSA). EACH APPLICANT'S FINANCIAL STATUS IS EVALUATED SO THAT AWARDS WILL ACCOMMODATE A PARTICULAR STUDENT'S NEED. STUDENTS MAY ALSO BE CONSIDERED FOR ENDICOTT PRESIDENTIAL ACADEMIC SCHOLARSHIPS. ALL STUDENT AID RECORDS ARE MAINTAINED IN THE OFFICE OF FINANCIAL AID AND ARE REVIEWED IN THE COURSE OF FINANCIAL AND A-133 AUDITS PERFORMED BY KPMG LLP. STUDENTS STUDYING ABROAD ARE BILLED TUITION AT ENDICOTT'S RATE OR THE STUDY ABROAD PROGRAM'S RATE IF IT IS HIGHER. STUDENTS ARE BILLED FOR ENDICOTT'S AVERAGE MEALS AND HOUSING COSTS AS WELL AS ANY OTHER FEES CHARGED BY THE PROGRAM. STUDENT AID AWARDS ARE POSTED TO STUDENT ACCOUNTS, THEREBY REDUCING THE AMOUNT THE FAMILY MUST REMIT TO THE COLLEGE. PAYMENT IS MADE BY THE COLLEGE TO THE STUDY ABROAD AGENCY OR UNIVERSITY UPON RECEIPT OF AN INVOICE AND DETERMINATION THAT THE STUDENT HAS PAID ENDICOTT. MA GOLF TOURNAMENT 37675 22550 15125 446 14679 CAR SHOW 34349 8380 25969 225 4015 600 21129 0 72024 30930 41094 225 4461 600 35808 41094 true ENDICOTT YELLOW RIBBON 9 45848 ENDICOTT NEED-BASED SCHOLARSHIPS 1406 11611128 ENDICOTT MERIT/ACADEMIC SCHOLARSHIPS 1314 8138614 MEXICO TRANSFERS SCHOLARSHIP 23 324696 FEDERAL SEOG GRANT 109 112541 SPECIAL/PRESIDENT'S DISCRETIONARY SCHOLARSHIP 44 321804 MA GILBERT GRANT 115 121120 ENDOWED AND DONOR-RESTRICTED SCHOLARSHIPS 281 207483 ENDICOTT ROTC GRANT 10 59500 MONITORING THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 ENDICOTT COLLEGE PROVIDES SCHOLARSHIP AND GRANT AID TO ELIGIBLE STUDENTS THROUGY ITS OWN RESOURCES, AS WELL AS FEDERAL AND STATE PROGRAMS. TO QUALIFY FOR SCHOLARSHIP OR GRANT AID, A STUDENT MUST BE ENROLLED IN AN APPROVED PROGRAM AND BE IN GOOD ACADEMIC STANDING. MOST OF THE AID PROGRAMS REQUIRE THAT A STUDENTS DEMONSTRATE FINANCIAL NEED. ENDICOTT AWARDS ARE MADE ON A FUNDS-AVAILABLE BASIS TO DESERVING STUDENTS. THE COLLEGE MAKES EVERY EFFORT TO ENSURE THAT A QUALITY EDUCATION IS AVAILABLE TO ALL STUDENTS, REGARDLESS OF INCOME LEVEL, RACE, RELIGION, DISABILITY, NATIONAL OR ETHNIC ORIGIN, AGE, OR GENDER. X true true X X X X X false true false false false false false false false RICHARD E WYLIE 397298 0 0 0 95582 0 37000 0 50322 0 580202 0 0 0 LYNNE O'TOOLE 215598 0 0 0 50775 0 28962 0 19665 0 315000 0 0 0 MARY HUEGEL 153569 0 0 0 841 0 20298 0 6561 0 181269 0 0 0 LAURA ROSSI-LE 159421 0 0 0 1776 0 21649 0 48871 0 231717 0 0 0 DENISE BILODEAU 153795 0 548 20276 9328 183947 0 DENNIS MONACO 159662 0 0 0 923 0 13315 0 16580 0 190480 0 0 0 BEVERLY DOLINSKY 148916 0 0 0 290 0 12402 0 18288 0 179896 0 0 0 THOMAS REDMAN 253181 0 0 0 3319 0 32950 0 21157 0 310607 0 0 0 DAVID VIGNERON 199451 0 0 0 12049 0 15859 0 18828 0 246187 0 0 0 BENEFITS PART I, LINE 1A DURING THE FISCAL YEAR, THE PRESIDENT DID NOT TRAVEL FIRST CLASS AIRFARE FOR THE COLLEGE. HOUSING ALLOWANCE: DR. WYLIE LIVES IN ON-CAMPUS HOUSING FOR THE CONVENIENCE OF ENDICOTT COLLEGE AND THE HOUSING IS THEREFORE NOT TAXABLE. THE RESIDENCE IS USED EXTENSIVELY FOR COLLEGE FUNCTIONS. DR. WYLIE'S FAMILY HAS NEVER LIVED IN THE ON-CAMPUS RESIDENCE PROVIDED TO HIM; HE MAINTAINS A PERSONAL RESIDENCE IN ANOTHER CITY. THE VALUE OF THE HOUSING ALLOWANCE IS INCLUDED IN SCHEDULE J, PART II UNDER COLUMN(D) NONTAXABLE BENEFITS. METHODS TO ESTABLISH COMPENSATION PART I, LINE 3 THE PRESIDENT IS COMPENSATED IN ACCORDANCE WITH A MULTI-YEAR COMPENSATION PLAN THAT IS BASED UPON RESEARCH ON COMPENSATION AWARDED TO PRESIDENTS IN SIMILAR INSTITUTIONS, TOGETHER WITH AN APPRAISAL OF THE PRESIDENT'S PERFORMANCE. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. IN AUGUST 2012 AN OUTSIDE CONSULTANT WAS ENGAGED TO COMPLETE AN EXECUTIVE COMPENSATION SURVEY. THE SURVEY INCLUDED 19 PEER COLLEGES. THE RESULTS OF THE SURVEY ESTABLISHED THE PRESIDENT'S COMPENSATION IS APPROPRIATE. NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN PART I, LINE 4B DR. RICHARD E. WYLIE, PRESIDENT, PARTICIPATES IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. DR. WYLIE RECEIVED $90,452 FROM THIS PLAN DURING CALENDAR YEAR 2012. COMPENSATION PART II LYNNE B. O'TOOLE, EXECUTIVE VICE PRESIDENT AND VICE PRESIDENT OF FINANCE, IS COMPENSATED IN ACCORDANCE WITH AN AGREEMENT THAT PROVIDES FOR A RETIREMENT/SEPARATION PAYMENT EQUAL TO $50,000 FOR EACH YEAR AFTER SEPTEMBER 1, 2009, THAT SHE HAS WORKED. THE 2012 COMPENSATION IS INCLUDED IN TAXABLE WAGES. A CHILD OF A UNIVERSITY EMPLOYEE MENTIONED IN PART II ATTENDED ENDICOTT COLLEGE UNDER THE COLLEGE'S TUITION REMISSION BENEFIT. CALENDAR YEAR TUITION REMISSION OF $29,388 IS INCLUDED IN SCHEDULE J, PART II UNDER COLUMN (D) NONTAXABLE BENEFITS. A MASSACHUSETTS DEVELOPMENT FIN AGENCY SERIES 2012 043431814 2012-08-02 26465000 REFINANCE DEBT false false false B MMEFA - SERIES F 042456011 2010-04-01 10000000 REFINANCE DEBT & CONSTRUCTION false false false A 0 0 26465000 0 0 0 0 0 0 0 26465000 0 2006 true false true true B 0 0 10000000 0 0 0 125000 0 0 9874500 0 0 2012 false false true true A false false false false 0 false false false true B false false false 0 false false false true A false false false false true true BANK OF AMERICA 25. false false false 0 false true B false false false false false false 0 false false false 0 false true A true B true Schedule K, Part VI 0 THE SERIES 2012 ISSUE REFINANCES PRIOR DEBT FOR WHICH SWAP AGREEMENTS WERE ENTERED INTO WITH BANK OF AMERICA. THE PRIOR DEBT HAD FOUR SWAP AGREEMENTS ASSOCIATED WITH IT. THE SWAPS HAVE MATURITY DATES RANGING FROM 6 TO 25 YEARS. DURING FISCAL 2013, THE COLLEGE ENGAGED THE SERVICES OF PUBLIC FINANCIAL MANAGEMENT, INC. TO PERFORM AN ARBITRAGE REBATE AND YIELD RESTRICTION COMPLIANCE ANALYSIS. THE ANALYSIS RESULTS INDICATED THAT THE GROSS PROCEEDS OF THE TAX-EXEMPT BONDS DID NOT ACCRUE A LIABILITY. THE BOARD OF THE TRUSTEES APPROVED A POST-ISSUANCE TAX EXEMPT BOND POLICY THAT INCLUDES PROCEDURES TO ENSURE COMPLIANCE AND REMEDIES THAT WOULD BE UNDERTAKEN IN THE EVENT A VIOLATION WAS DISCOVERED. RELATED TO TRUSTEE RELATED TO TRUSTEE 74666 NEED BASED SCHOLARSHIP BRIAN WYLIE FAMILY MEMBER-PRES. WYLIE 125942 COMPENSATION - ATHLETIC DIR. false SAMUEL ALEXANDER FAMILY MEMBER-TRUSTEE 59222 COMPENSATION- FACULTY false X 8 93521 FMV false true false CONTRIBUTIONS PART I, COLUMN (B) THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). POLICY ON NON-CASH GIFTS PART I, LINE 31 GIFTS OTHER THAN CASH, CHECK, PAYROLL DEDUCTION OR STOCK ARE ACCEPTED AFTER A FORM IS ROUTED AND SIGNED OFF BY THE PRESIDENT, TREASURER, VP OF FINANCE, AND VP OF INSTITUTIONAL ADVANCEMENT ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 THE MISSION OF ENDICOTT COLLEGE IS TO INSTILL IN STUDENTS AN UNDERSTANDING OF AND AN APPRECIATION FOR PROFESSIONAL AND LIBERAL STUDIES. DEEPLY WOVEN WITHIN THIS PHILOSOPHY IS THE CONCEPT OF APPLIED LEARNING WHICH HAS BEEN THE HALLMARK OF ENDICOTT. LINKING CLASSROOM AND OFF CAMPUS WORK EXPERIENCE THROUGH REQUIRED INTERNSHIPS REMAINS THE MOST DISTINGUISHING FEATURE OF THE COLLEGE. ENDICOTT HAS A VISION FOR THE TOTAL DEVELOPMENT OF THE INDIVIDUAL WITHIN A COMMUNITY WHICH FOSTERS AN APPRECIATION OF DIVERSITY, INTERNATIONAL AWARENESS, COMMUNITY SERVICE, AND MORAL AND ETHICAL VALUES. ENDICOTT IS AN INNOVATIVE AND VIBRANT, STUDENT CENTERED INSTITUTION WHICH SUPPORTS UNDERGRADUATE AND GRADUATE STUDENTS IN THEIR PURSUIT OF KNOWLEDGE. COMMON THREADS RUN THROUGH THE FABRIC OF THE "ENDICOTT EXPERIENCE": INCREASED SELF-CONFIDENCE, STRONGER PROFESSIONAL SKILLS AND TECHNOLOGICAL COMPETENCIES, AND PERHAPS THE MOST VALUED OF ALL, LIVES OPEN TO CHANGE. STATEMENT OF UNDERSTANDING ENDICOTT COLLEGE IS COMMITTED TO PROVIDING AN EDUCATIONAL EXPERIENCE THAT WILL ENCOURAGE STUDENTS TO VIEW THE CONCEPT OF DIVERSITY FROM A VARIETY OF PERSPECTIVES IN ORDER TO FOSTER UNDERSTANDING AND ULTIMATELY GREATER RESPECT AND ACCEPTANCE AMONG INDIVIDUALS. EMBRACING DIVERSITY MEANS UNDERSTANDING AND RESPECTING OUR INDIVIDUAL DIFFERENCES, WHICH INCLUDES THE DIMENSIONS OF RACE, ETHNICITY, GENDER, SEXUAL ORIENTATION, SOCIO-ECONOMIC STATUS, AGE, DIFFERING ABILITIES (E.G., PHYSICAL, EMOTIONAL, AND COGNITIVE), RELIGIOUS AND POLITICAL BELIEFS. CENTRAL TO THE EXPLORATION OF THE DIFFERENCES AND SIMILARITIES AMONG INDIVIDUALS IS THE NEED TO OFFER A SAFE, POSITIVE, AND SUPPORTIVE ENVIRONMENT. THE GOAL IS TO REACH A GREATER UNDERSTANDING OF EACH OTHER AND TO MOVE BEYOND SIMPLE TOLERANCE TO EMBRACING AND CELEBRATING THE RICH DIMENSIONS OF DIVERSITY CONTAINED WITHIN EACH INDIVIDUAL. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 1 ENDICOTT COLLEGE WAS RANKED IN THE TOP TIER OF NORTHERN REGIONAL UNIVERSITIES AT #74 OF 182 INSTITUTIONS IN THE US NEWS AND WORLD BEST COLLEGES 2013 REPORT. THE COLLEGE WAS #1 OF 8 IN ITS CATEGORY OF "UP AND COMING" INSTITUTIONS. PEERS AGREE THAT ENDICOTT HAS MADE THE "MOST PROMISING AND INNOVATIVE CHANGES IN THE AREA OF ACADEMICS, FACULTY, STUDENT LIFE, CAMPUS, AND/OR FACILTIES." DURING FISCAL 2013, FOR FALL 2013 ADMISSION, THE OFFICE OF ADMISSION RECEIVED 3,877 APPLICATIONS, ACCEPTED 71% OF THE APPLICANTS, AND ENROLLED 25% OF THOSE ACCEPTED FOR ADMISSION. THE COLLEGE AWARDED 581 BACHELOR DEGREES AND 379 MASTERS DEGREES IN 2013. OUR GRADUATES HAD 100% PASS RATES ON EXTERNAL EXAMINATIONS FOR ATHLETIC TRAINING, AND EDUCATION AND 87% FOR NURSING. EXTERNAL LICENSURE FOR THESE PROGRAMS IS ASSESSED BY THE NATA BOARD OF CERTIFICATION LICENSURE, THE MASSACHUSETTS DEPARTMENT OF EDUCATION LICENSURE, AND NATIONAL COUNCIL LICENSURE EXAMINATION, THE RESPECTIVELY. ENDICOTT'S RETENTION RATE OF FRESHMAN ENTERING 2011 AND RETURNING 2012 WAS 83%. THE SIX YEAR GRADUATION RATE FOR FRESHMAN ENTERING 2006 WAS 72%. OF THE 2012 GRADUATES WHO RESPONDED TO CAREER SURVEYS, 80% OF DAY DIVISION GRADUATES WERE EMPLOYED FULL-TIME WITHIN 12 MONTHS OF GRADUATION. 92% OF THOSE WERE IN EMPLOYMENT RELATED TO THEIR MAJOR, AND 36% FOUND EMPLOYMENT THROUGH THEIR INTERNSHIP SITE. ENDICOTT HAS BEEN IDENTIFIED BY AFFORDABLECOLLEGESONLINE.ORG AS ONE OF THE MASSACHUSETTS COLLEGES AND UNIVERSITIES WITH THE GREATEST LIFETIME RETURN ON INVESTMENT. GRANDUATES FROM THESE SCHOOLS ENJOY THE LARGEST EARNINGS GAP BETWEEN NON-DEGREE HOLDERS OVER THIRTY YEARS AND EARN MORE ON AVERAGE THAN GRADUATES FROM OTHER MASSACHUSETTS SCHOOLS. COMMUNITY SERVICE IS EMBRACED AT ENDICOTT, WITH 69% OF THE ENDICOTT STUDENT BODY PARTICIPATING IN COMMUNITY SERVICE, FOR A TOTAL OF 20,046 COMMUNITY SERVICE HOURS PERFORMED BY 1,629 STUDENTS. THE STATE AND NATIONAL AVERAGE IS 29% AND 27%, RESPECTIVELY. PROGRAM SERVICES FORM 990, PART III, LINES 4A-4D LINE 4A *EDUCATION AND AUXILIARY* ENDICOTT'S UNDERGRADUATE COLLEGE OFFERS BACHELOR OF FINE ARTS, BACHELOR OF ARTS, AND BACHELOR OF SCIENCE DEGREES. DAY PROGRAM ENROLLMENT FOR FALL 2012 WAS 2,378 STUDENTS, WITH ANOTHER 137 STUDENTS ENROLLED IN MADRID, SPAIN, MEXICO CITY, MEXICO, AND PAGET, BERMUDA. THE SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES GRANTS ASSOCIATE IN ARTS, ASSOCIATE IN SCIENCE, BACHELOR OF ARTS, BACHELOR OF SCIENCE, MASTER OF ARTS, MASTER OF EDUCATION, MASTER OF FINE ARTS, MASTER OF SCIENCE, MASTER OF BUSINESS ADMINISTRATION, AND DOCTOR OF EDUCATION IN EDUCATION LEADERSHIP DEGREES. ENROLLMENT IN THE SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES, INCLUDING PROGRAMS IN MADRID, SPAIN, MEXICO CITY, MEXICO, PAGET, BERMUDA, LEYSIN, SWITZERLAND, AND PRAGUE, CZECH REPUBLIC WAS 2,311 STUDENTS. IN ADDITION TO DEGREE PROGRAMS, PROFESSIONAL DEVELOPMENT PROGRAMS AND CONSULTING ARE OFFERED THROUGH THE SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES. ENDICOTT COLLEGE'S ACADEMIC OFFERINGS PROVIDE UNDERGRADUATES WITH AN ENRICHING AND CHALLENGING EDUCATIONAL EXPERIENCE. STUDENTS SELECT FROM A BROAD ARRAY OF MAJOR AND MINOR PROGRAM OFFERINGS WHICH ARE AUGMENTED BY COURSEWORK IN THE LIBERAL ARTS AND REQUIRED EXPERIENTIAL LEARNING OPPORTUNITIES WITHIN THEIR PROFESSIONAL AREAS OF STUDY. OF THE TOTAL UNDERGRADUATE ENROLLMENT, NEARLY 83% LIVE ON CAMPUS. THE COLLEGE OFFERS A LARGE VARIETY OF RESIDENCE HALL OPTIONS, RANGING FROM TRADITIONAL TO APARTMENT-STYLE HOUSING. FACILITIES CONSIST OF CONVERTED MANSIONS, SMALL HOUSES, TOWNHOUSES, AND LARGER RESIDENCE HALLS. FOR THE FALL 2012 SEMESTER, 1954 STUDENTS WERE HOUSED ON CAMPUS. ALL RESIDENT STUDENTS MUST ENROLL IN ONE OF FOUR MEAL PLANS OFFERED DURING THE ACADEMIC YEAR. DINING OPTIONS INCLUDE A LARGE DINING HALL, TWO CAFES, AND A LODGE. LINE 4B *ACADEMIC SUPPORT* ENDICOTT OFFERS STUDENTS VARIOUS PROGRAMS AND FACILITIES TO ENHANCE AND ENCOURAGE THEIR ACTIVE PARTICIPATION IN THE INTELLECTUAL LIFE OF THE COLLEGE AND PROMOTE THEIR SUCCESSFUL PERFORMANCE IN THE CLASSROOM. THIS IS ACCOMPLISHED THROUGH STATE-OF-THE-ART ACADEMIC TECHNOLOGY, THE CENTER FOR TEACHING AND LEARNING, THE DIANE M. HALLE LIBRARY, THE WRITING CENTER, ACADEMIC ADMINISTRATION, AND THE KEYS TO DEGREES SINGLE PARENT PROGRAM. LINE 4C *STUDENT SERVICES* STUDENT SERVICES SUPPORT THE ACADEMIC AND PERSONAL DEVELOPMENT OF EACH STUDENT THROUGH A VARIETY OF OFFICES AND PROGRAMS, INCLUDING STUDENT ACTIVITIES, PERSONAL COUNSELING, HEALTH, COMMUNITY SERVICE, AND ATHLETIC PROGRAMS. EXPERIENCE BEYOND THE CLASSROOM SETTING AFFORDS STUDENTS WITH OPPORTUNITIES TO GAIN A GREATER UNDERSTANDING AND APPRECIATION OF SELF, OTHERS, AND THE WORLD AROUND THEM. THE STUDENT AFFAIRS DIVISION IS DESIGNED TO COMPLEMENT AND SUPPLEMENT THE ACADEMIC EXPERIENCE OF EVERY STUDENT. OTHER FUNCTIONS INCLUDED IN STUDENT SERVICES INCLUDE THE ADMISSIONS, FINANCIAL AID, REGISTRAR, AND CAREER DEVELOPMENT. BOOKSTORE AND VENDING REVENUE IS CONSIDERED RELATED TO STUDENT SERVICES. LINE 4D OTHER PROGRAM SERVICE EXPENSES INCLUDE CONFERENCE AND EDUCATION SERVICES. ENDICOTT COLLEGE PROVIDES FACILITIES AND SERVICES FOR EDUCATIONAL, BUSINESS, AND COMMUNITY EVENTS. ASSOCIATED REVENUES ARE CAREFULLY ANALYZED AND CLASSIFIED AS EITHER RELATED OR EXEMPT FUNCTION REVENUE OR AS UNRELATED BUSINESS REVENUE. IN ADDITION TO CONFERENCE AND EVENTS RELATED REVENUE, OTHER PROGRAM REVENUE INCLUDE PARKING FEES, RECOGNITION OF DEFERRED REVENUE, FORFEITED ENROLLMENT DEPOSITS AND OTHER MISCELLANEOUS RECEIPTS. TRUSTEES IN A BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 2 THOMAS J. ALEXANDER AND WILLIAM F. HOWARD, TRUSTEES FOR THE COLLEGE, AND DR. RICHARD E. WYLIE, PRESIDENT AND TRUSTEE, SERVE ON THE BOARD OF BEVERLY COOPERATIVE BANK, A LOCAL FINANCIAL INSTITUTION. IN ADDITION, THEY SERVE ON THE NORTH SHORE CHAMBER OF COMMERCE BOARD OF DIRECTORS. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11A 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 THE DRAFT TAX RETURN IS FULLY ANALYZED AND REVIEWED BY THE MANAGEMENT TEAM, IT IS FORWARDED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. A REPRESENTATIVE OF KPMG'S TAX GROUP ATTENDS THE SCHEDULED MEETING TO ENSURE THAT ALL PERSONS HAVE HAD AN OPPORTUNITY TO ASK QUESTIONS AND DISCUSS THE CONTENT OF THE TAX RETURN. FOLLOWING THE FINANCE COMMITTEE REVIEW AND APPROVAL, IT IS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW, COMMENT, AND APPROVAL PRIOR TO THE FILING OF THE FORM. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C IN 2010, ENDICOTT'S BOARD OF TRUSTEES APPROVED A REVISED POLICY THAT COVERS BOARD OF TRUSTEE MEMBERS, OFFICERS, AND KEY EMPLOYEES. THOSE COVERED IN THE POLICY ARE REQUIRED TO EXECUTE AND SUBMIT TO THE VICE PRESIDENT OF FINANCE AN ANNUAL STATEMENT THAT ACKNOWLEDGES THEY RECEIVED, READ, AND UNDERSTAND THE CONFLICT OF INTEREST POLICY; THEY UNDERSTAND THAT ENDICOTT COLLEGE IS A NOT-FOR-PROFIT ENTITY WHICH MUST NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS; AND THAT THE COLLEGE MUST BE OPERATED FOR THE PURPOSES STATED IN ITS BYLAWS. THEY AGREE TO COMPLY WITH THE POLICY AND ACKNOWLEDGE THAT, EXCEPT AS INDICATED IN THE SPACE PROVIDED ON THE ANNUAL STATEMENT, THEY HAVE NOTHING TO DISCLOSE THAT IS IN CONFLICT WITH THE ESTABLISHED POLICY. SHOULD ANY CHANGE OCCUR IN THEIR SITUATION, THEY WILL SUBMIT A FURTHER STATEMENT COVERING THE MATTER. THE VICE PRESIDENT OF FINANCE WILL FOLLOW THE PROCEDURES SET FORTH IN THE POLICY FOR ANY STATEMENT THAT INCLUDES A DISCLOSURE OF CONFLICT. WHISTLEBLOWER POLICY FORM 990 PART VI, LINE 13 IN 2011, ENDICOTT'S BOARD OF TRUSTEES APPROVED A WHISTLEBLOWER POLICY FOR FACULTY AND STAFF. THE POLICY DEFINES MISCONDUCT AS: ABUSE OF AUTHORITY, UNETHICAL BEHAVIOR, OR GROSS MISCONDUCT; INAPPROPRIATE OR ILLEGAL USE OF COLLEGE FUNDS, SUCH AS THEFT BY BRIBERY OR CORRUPTION; SIGNIFICANT AND SPECIFIC DANGER TO PUBLIC HEALTH OR SAFETY; A VIOLATION OF LAW. FURTHER, THE POLICY STATES THAT REPORTED VIOLATIONS WILL BE PROMPTLY INVESTIGATED AND TREATED CONFIDENTIALLY TO THE EXTENT POSSIBLE AND THE COLLEGE WILL NOT TAKE ANY PERSONNEL ACTION AS RETAILIATION AGAINST AN EMPLOYEE WHO DISCLOSES INFORMATION REGARDING MISCONDUCT. EMPLOYEES ARE ENCOURAGED TO REPORT CONCERNS THROUGH AN ANONYMOUS VOICE MAIL BOX OR BY COMPLETING AN ANONYMOUS REPORTING FORM ACCESSIBLE ON THE CAMPUS SAFETY WEB PAGE. STUDENTS ARE ALSO ENCOURAGED TO REPORT ANY ACTIVITY THAT IS TAKING PLACE WITHIN THE ENDICOTT COMMUNITY THAT IS CONTRARY TO THE IDEALS AND VALUES OF THE COLLEGE. CONCERNS ARE REPORTED IN THE SAME MANNER AS FACULTY AND STAFF. COMPENSATION POLICY FORM 990 PART VI, LINE 15 THE COLLEGE'S PROCEDURES FOR DETERMINING COMPENSATION MEET THE REQUIREMENTS OF REBUTTABLE PRESUMPTION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR DUE DILIGENCE OF THE CHIEF EXECUTIVE OFFICER AND SENIOR MANAGEMENT'S COMPENSATION TO ASSURE THAT ENDICOTT COMPLIES WITH IRS REQUIREMENTS FOR NOT-FOR-PROFIT COMPENSATION. THE COMMITTEE REVIEWS AND DISCUSSES COMPENSATION OF COMPARABLE JOBS IN COMPARABLE COLLEGES AND UNIVERSITIES IN THE BOSTON AREA AND NEW ENGLAND. THE PRESIDENT IS COMPENSATED IN ACCORDANCE WITH A MULTI-YEAR COMPENSATION PLAN THAT IS BASED UPON RESEARCH ON COMPENSATION AWARDED TO PRESIDENTS IN SIMILAR INSTITUTIONS, TOGETHER WITH AN APPRAISAL OF THE PRESIDENT'S PERFORMANCE. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD ON AN ANNUAL BASIS. THE CONCLUSIONS AND RECOMMENDATIONS OF THE COMPENSATION COMMITTEE ARE REVIEWED AND APPROVED REGULARLY BY THE FULL BOARD. THE MEMBERSHIP OF THE COMPENSATION COMMITTEE IS FREE OF CONFLICT OF INTEREST IN DETERMINING COMPENSATION. THE COMMITTEE ALSO REVIEWS AND GUIDES MANAGEMENT WITH RESPECT TO IMPLEMENTATION OF THE COMPENSATION POLICY FOR ALL OTHER EMPLOYEES. SALARIES ARE REVIEWED AND ADJUSTED ANNUALLY, BASED ON PERFORMANCE (AS MEASURED IN AN ANNUAL PERFORMANCE REVIEW) AND CHANGES IN RESPONSIBILITY. MINUTES OF COMPENSATION COMMITTEE MEETINGS ARE DOCUMENTED. THE ENGAGEMENT OF AN INDEPENDENT COMPENSATION CONSULTANT WAS DISCUSSED IN APRIL 2012, AND A FIRM WAS ENGAGED IN AUGUST 2012 TO COMPLETE AN EXECUTIVE COMPENSATION SURVEY. BASED ON THE AFOREMENTIONED, THE COLLEGE'S PROCEDURES MEET THE REQUIREMENTS OF REBUTTABLE PRESUMPTION. PUBLIC DISCLOSURE FORM 990, PART VI, LINE 19 THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND THE FORM 990 IS POSTED AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 CHANGE IN LIABILITY FOR INTEREST RATE SWAP 3,400,173 EXTINGUISHMENT OF DEBT (428,807) TOTAL 2,971,366 ENDICOTT COLLEGE SC-MEXICO CITY CAMPUS RUBEN DARIO NO 30 COL RINCON DEL BOSQUE DEL. MIGUEL HIDAL MX 11580 999999999 EDUCATION MX N/A N/A NA true false false false true false false false false false false false false false false false false false true false ENDICOTT COLLEGE SC-MEXICO CITY CAMPUS d 1098587 COST ENDICOTT COLLEGE SC-MEXICO CITY CAMPUS R 150339 COST