MAINE COLLEGE OF ART: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MAINE COLLEGE OF ART (EIN 01-0378758)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-15
IRS object ID: 201401359349304195
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule G
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-15T10:33:59-07:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Macpage LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	30 Long Creek Dr	AddressLine1
City	South Portland	City
State	ME	State
ZIP Code	04106	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	010378758	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Maine College of Art	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MAIN	NameControl
Phone	2076995045	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	522 Congress Street	AddressLine1
City	Portland	City
State	ME	State
ZIP Code	04101	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Elizabeth Elicker	Name
Title	Exec. VP	Title
Date Signed	2014-05-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Patrick Nicholas	Name
PTIN	P00289567	PTIN
Phone	2077745701	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Donald Tuski	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	97 SPRING STREET	AddressLine1
City	PORTLAND	City
State	ME	State
ZIP Code	04102	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	16200837	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c3	X	Organization501c3
Web Site	www.meca.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
State Legal Domicile	ME	StateLegalDomicile
Activity Or Mission Description	THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	34	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	34	NbrIndependentVotingMembers
Total Nbr Employees	337	TotalNbrEmployees
Total Nbr Volunteers	50	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	1317068	ContributionsGrantsPriorYear
Contributions Grants Current Year	1010476	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	13229239	ProgramServiceRevenuePriorYear
Program Service Revenue CY	13496894	ProgramServiceRevenueCY
Investment Income Prior Year	55771	InvestmentIncomePriorYear
Investment Income Current Year	150936	InvestmentIncomeCurrentYear
Other Revenue Prior Year	148866	OtherRevenuePriorYear
Other Revenue Current Year	-44516	OtherRevenueCurrentYear
Total Revenue Prior Year	14750944	TotalRevenuePriorYear
Total Revenue Current Year	14613790	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	4435738	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	4779119	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	5429439	SalariesEtcPriorYear
Salaries Etc Current Year	5443953	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	287486	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4224201	OtherExpensePriorYear
Other Expenses Current Year	4501867	OtherExpensesCurrentYear
Total Expenses Prior Year	14089378	TotalExpensesPriorYear
Total Expenses Current Year	14724939	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	661566	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-111149	RevenuesLessExpensesCY
Total Assets BOY	26041465	TotalAssetsBOY
Total Assets EOY	26011509	TotalAssetsEOY
Total Liabilities BOY	10703091	TotalLiabilitiesBOY
Total Liabilities EOY	10312572	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	15338374	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	15698937	NetAssetsOrFundBalancesEOY
Mission Description	THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	9814678	Expense
Grants	4779119	Grants
Revenue	13575240	Revenue
Description	Instruction - Primary mission. The College is a private institution offering bachelor and master of fine arts degree programs to approximately 400 full-time students concentrating in the fine arts, a post-baccalaureate program in art education, as well as a wide range of continuing studies classes for individuals of all ages and a publicly accessible gallery, the Institute of Contemporary Art.	Description
Total Program Service Expense	9814678	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	151	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	337	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Number Of8282 Filed	0	NumberOf8282Filed
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	34	NbrVotingGoverningBodyMembers
Number Independent Voting Members	34	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Elizabeth Elicker VP	NamePerson
Telephone Number	2076995045	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	522 Congress Street	AddressLine1
City	Portland	City
State	ME	State
ZIP Code	04101	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (38 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
DEBORAH REED
Director	2.00	0.00	X	0	0	0
DANIEL POTEET
Director	2.00	0.00	X	0	0	0
Bill Thornton
Director	2.00	0.00	X	0	0	0
CARON ZAND
Director	2.00	0.00	X	0	0	0
Margaret Minister O'Keefe
Director	2.00	0.00	X	0	0	0
Margaret Crane Morfit
Director	2.00	0.00	X	0	0	0
MARY SCHENDEL
Chair	2.00	0.00	X	0	0	0	X
BEN DEVINE
Director	2.00	0.00	X	0	0	0
RALPH L HARDING
Director	2.00	0.00	X	0	0	0
ANDRES VERZOSA
Director	2.00	0.00	X	0	0	0
CYNTHIA THOMPSON
Director	2.00	0.00	X	0	0	0
DOROTHY SCHWARTZ
Director	2.00	0.00	X	0	0	0
CLAUDIA C PACHIOS
Director	2.00	0.00	X	0	0	0
WILLIAM R DILL
Director	2.00	0.00	X	0	0	0
DANIEL N CREWE
Director	2.00	0.00	X	0	0	0
SAMUEL PIERCE
Vice Chair	2.00	0.00	X	0	0	0	X
JAC OUELLETTE
Director	2.00	0.00	X	0	0	0
PAULA CRANE LUNDER
Director	2.00	0.00	X	0	0	0
Lynda J Means MD
Director	2.00	0.00	X	0	0	0
DANIEL E O'Leary
Director	2.00	0.00	X	0	0	0
Anne M Ireland
Director	2.00	0.00	X	0	0	0
ANNETTE L ELOWITCH
Director	2.00	0.00	X	0	0	0
ERICK LAHME
Director	2.00	0.00	X	0	0	0
Katharine J Watson
Director	2.00	0.00	X	0	0	0
Kenneth M Nelson
Director	2.00	0.00	X	0	0	0
RONALD BUFORD
Director	2.00	0.00	X	0	0	0
JANE G BRIGGS
DIRECTOR	2.00	0.00	X	0	0	0
JUDITH A KANE PHD
DIRECTOR	2.00	0.00	X	0	0	0
DEBORAH H DLUHY
Director	2.00	0.00	X	0	0	0
MARIA CANNING
Director	2.00	0.00	X	0	0	0
ALISON LEAVITT
Director	2.00	0.00	X	0	0	0
JOAN L AMORY
Director	2.00	0.00	X	0	0	0
John R Coleman
Director	2.00	0.00	X	0	0	0
Candace Pilk Karu
Director	2.00	0.00	X	0	0	0
REBECCA CONRAD
VP ADVANCEMENT	40.00	0.00		90000	0	6874	X
IAN ANDERSON
VP FOR ACADEMIC	40.00	0.00		105000	0	14100	X
Donald Tuski
President	40.00	0.00		185000	0	18100	X
Elizabeth Elicker
Exec VP Admn	40.00	0.00		112912	0	12271	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	492912	TotalReportableCompFromOrg
Total Other Compensation	51345	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
WRIGHT-RYAN CONSTRUCTION
10 DANFORTH STREET	PORTLAND	ME	04104	Construction Work	149300
Publicover Security
367 St John Street	PORTLAND	ME	04104	Security	110300

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K
Fundraising Events	82467	FundraisingEvents
Government Grants	296281	GovernmentGrants
All Other Contributions	631728	AllOtherContributions
Noncash Contributions	386353	NoncashContributions
Total Contributions	1010476	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION AND FEES	611600	12021559	12021559
Auxilary Income	611600	1475335	1475335

Field	Value	IRS element (for citing)
Total Program Service Revenue	13496894	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	103405	TotalRevenueColumn
Exclusion	$103,405	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	308102	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	421128	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	-113026	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-113026	TotalRevenueColumn
Exclusion	-$113,026	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	1184789	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	1137258	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	47531	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	47531	TotalRevenueColumn
Exclusion	$47,531	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	18825	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	82467	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	28661	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-9836	TotalRevenueColumn
Exclusion	-$9,836	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISC INCOME	Description
Business Code	611600	BusinessCode
Total Revenue Column	78346	TotalRevenueColumn
Exclusion	$78,346	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	78346	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	14613790	TotalRevenueColumn
Related Or Exempt Function Income	13496894	RelatedOrExemptFunctionIncome
Exclusion	$106,420	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	4779119	Total
Program Services	4779119	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	544257	Total
Management And General	447383	ManagementAndGeneral
Fundraising	96874	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	4005740	Total
Program Services	2058599	ProgramServices
Management And General	1870516	ManagementAndGeneral
Fundraising	76625	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	97223	Total
Program Services	54898	ProgramServices
Management And General	40581	ManagementAndGeneral
Fundraising	1744	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	444768	Total
Program Services	216614	ProgramServices
Management And General	214795	ManagementAndGeneral
Fundraising	13359	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	351965	Total
Program Services	161061	ProgramServices
Management And General	177868	ManagementAndGeneral
Fundraising	13036	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	7078	Total
Management And General	7078	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	22729	Total
Management And General	22729	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	22184	Total
Management And General	22184	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	102024	Total
Management And General	102024	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	227783	Total
Program Services	68708	ProgramServices
Management And General	127260	ManagementAndGeneral
Fundraising	31815	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	33992	Total
Program Services	189	ProgramServices
Management And General	28532	ManagementAndGeneral
Fundraising	5271	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	211339	Total
Program Services	116236	ProgramServices
Management And General	84536	ManagementAndGeneral
Fundraising	10567	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	140975	Total
Program Services	72850	ProgramServices
Management And General	68125	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	101975	Total
Program Services	16156	ProgramServices
Management And General	82630	ManagementAndGeneral
Fundraising	3189	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	6775	Total
Management And General	6775	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	299088	Total
Program Services	78000	ProgramServices
Management And General	221088	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	806836	Total
Program Services	578836	ProgramServices
Management And General	228000	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	162755	Total
Program Services	96494	ProgramServices
Management And General	66261	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
Supplies	237826	226566	10697	563
Utilities	391470	268036	117262	6172
Maintenance & Services	455453	323357	125491	6605
Dorm	595779	595779

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	675806	Total
Program Services	103180	ProgramServices
Management And General	550960	ManagementAndGeneral
Fundraising	21666	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	14724939	Total
Program Services	9814678	ProgramServices
Management And General	4622775	ManagementAndGeneral
Fundraising	287486	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
EOY	0	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	835857	BOY
EOY	1394883	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	657039	BOY
EOY	11604	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	219055	BOY
EOY	243577	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	751908	BOY
EOY	815151	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	245010	BOY
EOY	179614	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	26009037	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	8330252	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	17981336	BOY
EOY	17678785	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	4474400	BOY
EOY	4821112	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	876860	BOY
EOY	866783	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	26041465	BOY
EOY	26011509	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	779607	BOY
EOY	684072	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	611524	BOY
EOY	621541	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	8535291	BOY
EOY	8087334	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
EOY	204714	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	776669	BOY
EOY	714911	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	10703091	BOY
EOY	10312572	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	9178717	BOY
EOY	9455272	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1440350	BOY
EOY	1485582	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4719307	BOY
EOY	4758083	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	15338374	BOY
EOY	15698937	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	26041465	BOY
EOY	26011509	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-111149	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	346712	ReconciliationUnrealizedInvest
Reconcilation Other Changes	125000	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	4474400	BeginningOfYearBalance
Contributions	104949	Contributions
Investment Earnings Or Losses	497081	InvestmentEarningsOrLosses
Grants Or Scholarships	255318	GrantsOrScholarships
End Of Year Balance	4821112	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	4662912	BeginningOfYearBalance
Contributions	122234	Contributions
Investment Earnings Or Losses	-105748	InvestmentEarningsOrLosses
Grants Or Scholarships	205501	GrantsOrScholarships
End Of Year Balance	4474400	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	3937305	BeginningOfYearBalance
Contributions	142613	Contributions
Investment Earnings Or Losses	789728	InvestmentEarningsOrLosses
Grants Or Scholarships	206734	GrantsOrScholarships
End Of Year Balance	4662912	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	3784491	BeginningOfYearBalance
Contributions	114566	Contributions
Investment Earnings Or Losses	437309	InvestmentEarningsOrLosses
Grants Or Scholarships	399061	GrantsOrScholarships
End Of Year Balance	3937305	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	4340243	BeginningOfYearBalance
Contributions	255976	Contributions
Investment Earnings Or Losses	-664416	InvestmentEarningsOrLosses
Grants Or Scholarships	147312	GrantsOrScholarships
End Of Year Balance	3784491	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.01000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.81000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.18000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	879422	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	22438339	OtherCostOrOtherBasis
Depreciation	6230653	Depreciation
Book Value	17087108	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2691276	OtherCostOrOtherBasis
Depreciation	2099599	Depreciation
Book Value	591677	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	17678785	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
Interest rate swap liability	$59,000
gift annuities payable	$3,317
Due to federal govt - Perkins Loan Fund	$652,594

Field	Value	IRS element (for citing)
Total Of Amounts	714911	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	10756172	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	346712	NetUnrealizedGainsInvestments
Other Revenues	574789	OtherRevenues
Revenue Not Rptd F990	921501	RevenueNotRptdF990
Revenue Subtotal	9834671	RevenueSubtotal
Other Revenues Not Included	4779119	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	4779119	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	14613790	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	10395609	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	449789	OtherExpensesIncluded
Expenses Not Rptd F990	449789	ExpensesNotRptdF990
Expenses Subtotal	9945820	ExpensesSubtotal
Other Expenses Not Included	4779119	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	4779119	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	14724939	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Part XII, Line 4b	Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	student aid/scholarships $4779119
Part XII, Line 2d	Part XII, Line 2d: Other expenses and losses per audited F/S	special event expense $28661 rental expenses $421128
Part XI, Line 4b	Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	Student Aid/Scholarships $4779119
Part XI, Line 2d	Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990	special events expense $28661 Gain on Interest Rate Swap $125000 Rental expenses $421128
Part III, Line 1a	Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o	The College does not capitalize collections, primarily library books and art objects, as they are held for public exhibition and education rather than financial gain. Any proceeds from the sale of collection items are used to acquire other items for the collection. The College estimates the value of the collection to be approximately $89,000 at June 30, 2011.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	ExplanationExplanation
Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized	The nondiscriminatory policy is listed in the Student Handbook, the College recruitment View Book, and on the College's web site.
Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency	The organization receives funds from various programs of the United States Department of Education, such as the Federal Perkins Loan Program, the Federal Work Study Program, and the Federal Pell Program. These funds allow the College to help students to finance the cost of their education.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
In Person Solicitations	X	InPersonSolicitations
Solicitation Of Non Govt Grants	X	SolicitationOfNonGovtGrants
Solicitation Of Govt Grants	X	SolicitationOfGovtGrants
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	false	AgreementRefFundraising

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	ART AUCTION AND HONORS GALA	NameOfEvent1
Gross Receipts Event1	45953	GrossReceiptsEvent1
Charitable Contributions Event1	45953	CharitableContributionsEvent1
Other Direct Expenses Event1	5667	OtherDirectExpensesEvent1
Name Of Event2	Art Honors	NameOfEvent2
Gross Receipts Event2	34991	GrossReceiptsEvent2
Charitable Contributions Event2	23816	CharitableContributionsEvent2
Gross Revenue Event2	11175	GrossRevenueEvent2
Other Direct Expenses Event2	15004	OtherDirectExpensesEvent2
Total Number Of Other Events	1	TotalNumberOfOtherEvents
Gross Receipts Other Events	20348	GrossReceiptsOtherEvents
Charitable Contrib Other Events	12698	CharitableContribOtherEvents
Gross Revenue Other Events	7650	GrossRevenueOtherEvents
Other Direct Expenses Other Events	7990	OtherDirectExpensesOtherEvents
Gross Receipts Total	101292	GrossReceiptsTotal
Charitable Contributions Total	82467	CharitableContributionsTotal
Gross Revenue Total Events	18825	GrossRevenueTotalEvents
Other Direct Expenses Total Events	28661	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	28661	DirectExpenseSummaryEvents
Net Income Summary	-9836	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained
Total Nbr Of501 C3 And Govt Grants	0	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
SPECIFIC ASSISTANCE -SEOG	156	117681
GRANTS AND ALLOCATIONS	400	4661438

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Grantmaker's Description of How Grants are Used	Identifier
Explanation	The College provides scholarships to their students. Amounts awarded are determined by the financial aid department in accordance with the College's and federal agency policies. Amounts given are credited to the students account.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException
Rebuttable Presumption Procedure	false	RebuttablePresumptionProcedure

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	Donald Tuski	NamePerson
Title	President	Title
Base Compensation Filing Org	185000	BaseCompensationFilingOrg
Nontaxable Benefits Filing Org	18100	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	203100	TotalCompensationFilingOrg

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)

Bond ReferenceBondReferenceCd	Issuer EINIssuerEIN	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	CUSIP NumberCUSIPNumber
MHHEFA Series 2011B
C	010314384	2011-11-02	3300000	Purchase Property for Dorms	false	false
MHHEFA SERIES 2010B
B	010314384	2010-06-24	2865000	PURCHASE OF ACADEMIC BUILDING	false	false	560427HA5
MHHEFA Series 2006F
A	010314384	2006-08-01	2285000	Purchase and renovation of residence hall.	false	false	560425G20

Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceeds	Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Amount In Reserve FundAmountInReserveFund	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Other Spent ProceedsOtherSpentProceeds
C	3300000	3300000	2011	false	true	true	true
B	3480695	3140921		false	true	true	true	301756	38018
A	2358231	2135000	2006	false	false	true	true	152932	66743	3645

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Change In Use Bond Financed PropChangeInUseBondFinancedProp	Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs
C	false	true	false	false	false
B	false	true	false	false	false
A	false	false	false	false	false	true

Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiled	Rebate Not Due YetRebateNotDueYet	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Written Proc To Monitor ReqsWrittenProcToMonitorReqs	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied
(no name)
C	false	true	false	false	false	false
(no name)
B	false	true	false	false	false	false
FSA
A	true		false	true	false	false	30.0000	true

Form990 Schedule K Part V Form990ScheduleKPartV (3 entries)

Bond ReferenceBondReferenceCd	Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction
C	false
B	false
A	false

Form990 Schedule K Part VI Form990ScheduleKPartVI

Field	Value	IRS element (for citing)
Identifier	Supplemental Information	Identifier
Return Reference	Part VI	ReturnReference
Explanation	Schedule K Part II - The amount on Schedule K Part I represents the par value of the College's portion of each bond issue. The issue price on Form 8038 Part III line 21(b) includes proceeds for other institutions as well.Schedule K Part V - The College did not have written procedures. The College will develop formal written procedures to ensure violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations.	Explanation

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	214	NumberOfContributions
Noncash Contribs Rptd F990	45953	NoncashContribsRptdF990
Method Of Determining Revenues	Sales Price	MethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	41	NumberOfContributions
Noncash Contribs Rptd F990	340400	NoncashContribsRptdF990
Method Of Determining Revenues	Quoted Price	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part XI, Line 9	Other Changes In Net Assets Or Fund Balances - Other Increases	Gain on Interest Rate Swap = $125000
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	The College makes its governing documents and financial statements available to the public upon request.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	The President's or CEO's compensation is determined by the Executive Committee of the Board of Trustees. They conduct a review of the President annually, review the salary survey made available by the Association of Independent Colleges of Art and Design (AICAD) as a resource in determining the level of compensation and review and update his employment contract.The President determines the compensation for the Officers of the College. He conducts an annual review of each Officer or Vice President and reviews the salary survey made available by the Association of Independent Colleges of Art and Design (AICAD) as a resource in determining levels of compensation.
Form 990, Part VI, Line 15a	Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	The President's or CEO's compensation is determined by the Executive Committee of the Board of Trustees. They conduct a review of the President annually, review the salary survey made available by the Association of Independent Colleges of Art and Design (AICAD) as a resource in determining the level of compensation and review and update his employment contract.The President determines the compensation for the Officers of the College. He conducts an annual review of each Officer or Vice President and reviews the salary survey made available by the Association of Independent Colleges of Art and Design (AICAD) as a resource in determining levels of compensation.
Form 990, Part VI, Line 11b	Form 990, Part VI, Line 11b: Form 990 Review Process	The Board Chair, Finance Committee, and management review the 990 prior to submission. Prior to filing with the IRS, the 990 is made available to all Board of Directors.