2014-04-28T17:05:15-05:00 2013-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2012-07-01 060646587 CONNECTICUT COLLEGE % CONTROLLER'S OFFICE CONN 8604392081 270 MOHEGAN AVENUE Suite NEW LONDON CT 063204196 PAUL L MARONI 8604392081 2014-04-28 true Mary-Evelyn Antonetti 8605223200 2014-04-28 2012 2015-11-30 17:44:51Z PAUL L MARONI 270 MOHEGAN AVENUE NEW LONDON CT 06320 172795000 false X WWW.CONNCOLL.EDU X 1911 CT CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION SEE SCHEDULE O. 30 29 2251 1100 64000 -64000 24105000 17700000 105384000 109508000 7489000 20120000 2194000 2099000 139172000 149427000 25792000 31000000 0 0 64224000 65477000 0 0 5859000 40012000 38739000 130028000 135216000 9144000 14211000 382757000 408329000 96407000 95557000 286350000 312772000 X CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION, SEE SCHEDULE O. false false 78090000 27048000 80502000 *UNDERGRADUATE INSTRUCTION* THE TEACHING OF UNDERGRADUATE STUDENTS WORKING TOWARDS A FOUR-YEAR DEGREE IN ONE OF THE VARIOUS LIBERAL ARTS AND SCIENCES MAJORS OFFERED BY CONNECTICUT COLLEGE. THE COLLEGE'S ACADEMIC PROGRAMS IN THE ARTS, HUMANITIES, SCIENCES, AND SOCIAL SCIENCES ARE DESIGNED TO SHAPE ETHICAL, INFORMED CITIZENS WITH A GLOBAL PERSPECTIVE. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A STUDENT-FACULTY RATIO OF 9:1, FORTY-ONE MAJORS, 162 FULL-TIME PROFESSORS, LANGUAGE STUDY, RESIDENTIAL EDUCATION PROGRAMS, CERTIFICATE PROGRAMS, PRE-LAW, PRE-HEALTH AND PRE-BUSINESS PROGRAMS, AND SUPPORT FOR PURSUING FELLOWSHIPS AND SCHOLARSHIPS. 19000000 21056000 *AUXILIARY SERVICES* AUXILIARY SERVICES INVOLVES RUNNING THE COLLEGE'S NUMEROUS DORMITORIES AND DINING FACILITIES. CONNECTICUT COLLEGE IS A RESIDENTIAL CAMPUS. NINETY-EIGHT PERCENT OF STUDENTS LIVE ON CAMPUS IN 23 RESIDENCE HALLS. FOUR DINING HALLS ON CAMPUS SERVE OUR STUDENTS IN A VARIETY OF CAPACITIES. THE COLLEGE EXTENDS THE TEACHING AND LEARNING EXPERIENCE WITHIN THE DORMITORIES. 5093000 3825000 6483000 *STUDY AWAY* IS AN OPPORTUNITY FOR QUALIFIED STUDENTS TO STUDY AWAY FOR CREDIT ABROAD OR ELSEWHERE IN THE US. THE COLLEGE HAS A LONG TRADITION OF RECOGNIZING THE IMPORTANCE OF INT'L STUDIES AND STUDY AWAY AS RELECTED IN OUR MISSION STATEMENT: "CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY". 55% OF THE COLLEGE'S STUDENTS STUDY AWAY DURING THEIR JUNIOR YEAR THROUGH CAREFULLY SELECTED PROGRAMS. OUR STUDY AWAY/TEACH AWAY SENDS 10-20 STUDENTS AND FACULTY TO HOST INSTITUTIONS THROUGHOUT THE WORLD TO COMPLETE A FULL SEMESTER OF SCHOLARLY ACTIVITY WHILE BEING IMMERSED IN THE LOCAL CULTURE. 5485000 127000 2847000 107668000 true true false true false false false true false true true true false false true true true false true true true true true false false false false false true true true false false false false false false true false true false true false false false false true true true false false true 501 0 true 2251 true true true true VM CJ false false false false false false X 30 29 false false false false false false false true true false false false true true true true true true true true true CT NY X CONTROLLER'S OFFICE 8604392081 270 MOHEGAN AVENUE NEW LONDON CT 063204196 LEO I HIGDON JR 38.0 X X 365834 0 78082 LAURA J ALLEN 1.0 X WILLIAM P BARRACK 1.0 X EDUARDO CASTELL 1.0 X SCOTT W HAFNER 1.0 X ZOE KLEIN HENRIQUEZ 1.0 X DAVID B KELSO 1.0 X DAVID H PALTEN 1.0 X LYNDA BATTER MUNRO 1.0 X JUDITH TINDAL OPATRNY 1.0 X KEVIN WADE 1.0 X PAMELA D ZILLY 1.0 X KEVON COPELAND 1.0 X WESTELLA JOHNSON 1.0 X MARIA C PELLEGRINI 1.0 X DAVID W BARBER 1.0 X CLAIRE S GOULD 1.0 X DEBO P ADEGBILE 1.0 X BRADFORD T BROWN 1.0 X CHRISTY BURKE 1.0 X JONATHAN COHEN 1.0 X SARAH FENTON 1.0 X DEFRED G FOLTS 1.0 X MARK IGER 1.0 X KENNETH KABEL 1.0 X CLYDE D MCKEE III 1.0 X GARY NG 1.0 X ANAKENA C PADDON 1.0 X KAREN QUINT 1.0 X GEORGE S ROGERS 1.0 X ANNIE SCOTT 1.0 X PAUL L MARONI 38.0 X 238147 58208 ROGER BROOKS 38.0 X 210806 22094 BONNIE J WELLS 38.0 X 71342 7889 MARTHA CASWELL MERRILL 38.0 X 156873 36064 W LEE HISLE 38.0 X 161982 42841 GREGORY T WALDRON 38.0 X 225778 46122 ULYSSES B HAMMOND 38.0 X 210296 25307 PATRICIA M CAREY 38.0 X 176131 44358 BRUCE R BRANCHINI 38.0 X 163501 12792 1980690 0 373757 36 false true false CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02210 INVESTMENT ADVISORS 218398 KPMG LLP PO BOX 120001 DALLAS TX 75312 AUDIT FIRM 179900 BOUNDARIES LLC PO BOX 184 GRISWOLD CT 06351 CIVIL ENGINEERS 150153 DIVERSIFIED PROJECT MANAGEMENT INC ONE GATEWAY CENTER NEWTON MA 02458 PROJECT MANAGEMENT 131375 PAYETTE ASSOCIATES INC 290 CONGRESS STREET 5TH FLOOR BOSTON MA 02110 ARCHITECTS 127088 8 936000 16764000 2396000 17700000 TUITION 611710 80502000 80502000 ROOM AND BOARD, AUX. SERVICES 721310 21056000 21056000 STUDY AWAY 611710 6483000 6483000 OTHER PROGRAM SERVICE REVENUE 900099 1467000 1467000 109508000 11507000 -115000 11622000 0 0 195000 193000 2000 0 2000 2000 20018000 11770000 14276000 8899000 5742000 2871000 8613000 8613000 0 0 0 BOOKSTORE 451211 133000 133000 PRINTING AND MAILING 713940 107000 107000 STUDENT ORGANIZATION 525990 14000 14000 1843000 1259000 179000 405000 2097000 149427000 110888000 64000 20775000 0 27048000 27048000 3952000 3952000 0 1473000 523000 853000 97000 130150 130150 47594850 38607850 5877000 3110000 3773000 2905000 528000 340000 9080000 7000000 1543000 537000 3426000 2638000 480000 308000 0 252000 5000 247000 225000 225000 0 0 3534000 3534000 1319000 878000 262000 179000 80000 47000 33000 6432000 5333000 767000 332000 729000 229000 500000 130000 130000 8454000 5809000 2067000 578000 1786000 1564000 103000 119000 0 401000 238000 124000 39000 3616000 2617000 936000 63000 0 8101000 6049000 1972000 80000 725000 725000 BOOKS AND PERIODICALS 1570000 1559000 6000 5000 OTHER EXPENSES 936000 203000 707000 26000 MEMBERSHIPS 223000 100000 115000 8000 LICENSES, FEES, AND PERMITS 226000 103000 85000 38000 135216000 107668000 21689000 5859000 25000 23000 18883000 18470000 26728000 24906000 278000 324000 0 0 0 0 2142000 1963000 756000 1246000 931000 977000 240421000 131601000 106309000 108820000 113685000 131500000 96040000 104364000 0 0 0 0 16980000 15736000 382757000 408329000 17062000 17100000 0 0 2235000 2380000 69190000 68485000 0 0 0 0 0 0 0 0 7920000 7592000 96407000 95557000 X 55628000 76872000 89269000 91162000 141453000 144738000 286350000 312772000 382757000 408329000 X 14211000 11234000 977000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true OTHER LOBBYING ACTIVITIES SCHEDULE C, PART II-B LINE 1(I) THE COLLEGE PAYS DUES TO VARIOUS ORGANIZATIONS, SOME PORTION OF WHICH MAY BE USED IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. X X X false 202750000 2417000 26920000 4764000 -758000 228081000 203713000 2788000 1140000 4391000 500000 202750000 171527000 3474000 37034000 4584000 3738000 203713000 157694000 2976000 20045000 4852000 4336000 171527000 205663000 3136000 -41649000 4980000 4476000 157694000 0.17000 0.83000 true true true 0 1005000 1005000 0 172235000 81793000 90442000 0 337000 246000 91000 0 46876000 40643000 6233000 0 19968000 8919000 11049000 108820000 PRIVATE EQUITY 13251000 F VENTURE CAPITAL 9673000 F HEDGE FUNDS 46961000 F INFLATION HEDGING 28730000 F DISTRESSED DEBT 5749000 F 104364000 0 OBLIGATIONS- CAPITAL LEASE 1097000 INTEREST AGREEMENTS 4854000 FOR STUDENT LOANS 1641000 7592000 X 131427000 11234000 977000 12211000 119216000 3534000 26677000 30211000 149427000 105005000 193000 193000 104812000 3534000 26870000 30404000 135216000 SFAS 116 (ASC 958) FOOTNOTE PART III, LINE 1A LIBRARY AND ART COLLECTIONS ARE NOT RECOGNIZED IN ASSETS ON THE BALANCE SHEET. PURCHASES OF SUCH COLLECTIONS ARE RECORDED AS DECREASES IN NET ASSETS IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE CHARLES E. SHAIN LIBRARY HOLDS APPROXIMATELY 300 PIECES OF ART, AS WELL AS 25,000 RARE BOOKS AND 1,300 LINEAR FEET OF MANUSCRIPTS, PHOTOGRAPHS AND OTHER ARCHIVAL MATERIAL. MOST OF THE ART COLLECTIONS CONSIST OF 20TH CENTURY CHINESE PAINTINGS AND JAPANESE PRINTS. THERE IS ALSO A SMALL NUMBER OF CONTEMPORARY OIL PAINTINGS ON CANVAS BY COLLEGE FACULTY, AND THREE BY THE FRENCH ARTIST LEON BRUNET. BOOKS AND ARCHIVAL MATERIALS ARE ROUTINELY USED IN CLASSROOM INSTRUCTION AS WELL AS FOR STUDENT PROJECTS. ARTWORK IS USED FOR OCCASIONAL CLASSROOM INSTRUCTION AND IS ROTATED THROUGH THE EXHIBIT SPACE IN THE CHARLES CHU ASIAN ART READING ROOM. THE CONNECTICUT COLLEGE ARBORETUM IS 750 ACRES OWNED BY CONNECTICUT COLLEGE AND OPERATED FOR THE BENEFIT OF THE COLLEGE AND THE COMMUNITY. THE ARBORETUM FUNCTIONS IN SUPPORT OF THE COLLEGE'S MISSION BY HELPING TO PREPARE MEN AND WOMEN FOR A LIFETIME OF LEARNING ABOUT AND INTERACTING WITH THE NATURAL WORLD. THIS IS ACCOMPLISHED BY PROVIDING AN OUTDOOR LABORATORY FOR USE BY FACULTY AND STUDENTS TO SUPPORT AND CONDUCT RESEARCH IN A BROAD RANGE OF SUBJECTS, INCLUDING ECOLOGY, FIELD BIOLOGY, CONSERVATION AND NATURAL HISTORY. THE ARBORETUM PROVIDES STEWARDSHIP OF COLLEGE LANDS BY PROTECTING, SUSTAINING AND ENHANCING BIOLOGICAL DIVERSITY OF LARGE TRACTS OF OPEN SPACE, AND PROVIDES LEADERSHIP STATEWIDE AND BEYOND IN CONSERVATION MATTERS. PART OF THE ARBORETUM'S MISSION IS TO MAINTAIN, DEVELOP AND INTERPRET WELL-DOCUMENTED PLANT COLLECTIONS FOR TEACHING, RESEARCH, PUBLIC EDUCATION AND ENJOYMENT, AND TO PROVIDE A PLACE WHERE PEOPLE FROM THE COLLEGE AND THE COMMUNITY MAY ENJOY PASSIVE RECREATION AND WHERE THEY MAY COME TO LEARN, REFLECT, AND RENEW THEMSELVES THROUGHOUT THE NATURAL WORLD. THE COLLEGE MAINTAINS VARIOUS SCULPTURES ON CAMPUS FOR THE ENJOYMENT OF THE COLLEGE AND LOCAL COMMUNITIES. ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S POOLED ENDOWMENT CONSISTS OF APPROXIMATELY 650 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT IN PERPETUITY A VARIETY OF PURPOSES INCLUDING INSTRUCTION, FINANCIAL AID, ACADEMIC SUPPORT, STUDENT SERVICES, AND GENERAL INSTITUTIONAL EXPENSES. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE COLLEGE GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAX AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS, AS DEFINED BY THE STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE STATE OF CONNECTICUT. AS OF JUNE 30, 2013, OPEN FEDERAL AND CONNECTICUT 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 IN FINANCIAL STATEMENTS BUT NOT ON RETURN PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $977,000 OTHER EXPENSES INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B TUITION DISCOUNT $ 27,018,000 RENT EXPENSE $(193,000) POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $(148,000) ------------- TOTAL TO SCHEDULE D, PART XI, LINE 4B $26,677,000 OTHER ADJUSTMENTS PART XII, LINE 2D RENT EXPENSE $193,000 OTHER ADJUSTMENTS PART XII, LINE 4B TUITION DISCOUNT $ 27,018,000. POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COST $(148,000). ------------ TOTAL TO SCHEDULE D, PART XII, LINE 4B $26,870,000. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 EXPLANATION OF RACIALLY NONDISCRIMINATORY POLICY ALL SCHOOL PUBLICATIONS AND NEWSPAPERS. SCHEDULE E, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSIST OF US DEPT OF EDUCATION FINANCIAL AID, STATE OF CONNECTICUT FINANCIAL AID, AND FEDERAL AND STATE RESEARCH GRANT FUNDS. true Central America and the Caribbean Program Services STUDY AWAY PROGRAM 92000 East Asia and the Pacific Program Services STUDY AWAY PROGRAM 580000 Europe (Including Iceland and Greenland) Program Services CONFERENCE AND TRAVEL 4000 Europe (Including Iceland and Greenland) Program Services HONORARIUM 12000 Europe (Including Iceland and Greenland) Program Services SUPPLIES 5000 Europe (Including Iceland and Greenland) Program Services STUDY AWAY PROGRAM 2328000 Middle East and North Africa Program Services STUDY AWAY PROGRAM 209000 Middle East and North Africa Program Services STUDY AWAY TRAVEL 71000 Middle East and North Africa Program Services HONORARIUM 7000 Middle East and North Africa Program Services INTERNSHIP 6000 Russia and the Newly Independent States Program Services STUDY AWAY PROGRAM 107000 South America Program Services STUDY AWAY PROGRAM 248000 South America Program Services STUDENT CONTRIBUTION 1000 South Asia Program Services STUDY AWAY PROGRAM 36000 Sub-Saharan Africa Program Services STUDY AWAY PROGRAM 267000 South America Program Services STUDY AWAY TRAVEL 31000 4004000 4004000 Central America and the Caribbean STUDY AWAY PROGRAM 92000 CHECK & WIRE East Asia and the Pacific STUDY AWAY PROGRAM 580000 CHECK & WIRE Europe (Including Iceland and Greenland) STUDY AWAY PROGRAM 2328000 CHECK & WIRE Middle East and North Africa STUDY AWAY PROGRAM 167000 CHECK & WIRE Middle East and North Africa TRAVEL 71000 WIRE Russia and the Newly Independent States STUDY AWAY PROGRAM 107000 CHECK & WIRE South America STUDY AWAY PROGRAM 248000 CHECK & WIRE South America TRAVEL 21000 CHECK & WIRE South Asia STUDY AWAY PROGRAM 36000 CHECK & WIRE Sub-Saharan Africa STUDY AWAY PROGRAM 267000 CHECK & WIRE HONORARIUM Europe (Including Iceland and Greenland) 3 12000 WIRE HONORARIUM Middle East and North Africa 2 7000 WIRE INTERNSHIP Middle East and North Africa 2 6000 wire TRAVEL South America 1 10000 WIRE true false true false true true MONITORING OF GRANTS OUTSIDE OF THE US SCHEDULE F, PART I, LINE 2 GRANTS MADE IN FOREIGN COUNTRIES FOR THE PURPOSES OF THE COLLEGE'S STUDY ABROAD PROGRAM ARE ENTERED INTO USING A CONTRACTUAL AGREEMENT OUTLINING THE SERVICES TO BE DELIVERED. THIS ACTIVITY IS MONITORED BY THE OFFICE OF STUDY AWAY, DEAN OF THE FACULTY, AND FINANCE. true MONITORING USE OF GRANT FUNDS PART I, LINE 2 ALL GRANTS AWARDED ARE BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X true true X X X X X false false false false false false false false false LEO I HIGDON JR 365834 0 0 0 25000 0 53082 0 443916 0 0 0 PAUL L MARONI 238147 25000 0 33208 0 296355 0 0 0 ROGER BROOKS 210806 20907 0 1187 0 232900 0 0 0 MARTHA CASWELL MERRILL 156873 16673 0 19391 0 192937 0 0 0 W LEE HISLE 161982 17354 0 25487 0 204823 0 0 0 GREGORY T WALDRON 225778 23521 0 22601 0 271900 0 0 0 ULYSSES B HAMMOND 210296 21116 0 4191 0 235603 0 0 0 PATRICIA M CAREY 176131 18843 0 25515 0 220489 0 0 0 BRUCE R BRANCHINI 163501 11774 0 1018 0 176293 0 0 0 TRAVEL/EXPENSE REIMBURSEMENT POLICY PART I, LINE 1A ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, THE PRESIDENT MAY FLY FIRST-CLASS FOR HEALTH REQUIREMENTS WITH THE APPROVAL OF THE CHAIRMAN OF THE BOARD OF TRUSTEES. ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, TRAVEL FOR THE PRESIDENT'S COMPANIONS SHALL ONLY BE REIMBURSED WHEN INCURRED WHILE CONDUCTING THE BUSINESS OF THE COLLEGE. ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, HOUSING EXPENSES ARE NOT REIMBURSABLE BY THE COLLEGE. AS A CONDITION OF EMPLOYMENT THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, THE COLLEGE WILL NOT REIMBURSE FOR PERSONAL EXPENSES. THE COLLEGE MAINTAINS THE PRESIDENTIAL RESIDENCE, INCLUDING A HOUSEKEEPER. THE WAGES OF THE HOUSEKEEPER ATTRIBUTABLE TO THE PRESIDENT'S PERSONAL USE, IF ANY, INCLUDED ON THE PRESIDENT'S W-2. A CHEFA SERIES F 060806186 20774UJLO 2007-04-04 28747913 DEFEASE PRIOR BONDS false false false B CHEFA SERIES G 060806186 20774UKT1 2007-04-04 12126960 REFINANCE CONSTRUCTION false false false C CHEFA SERIES H-1 060806186 20774U7ED 2011-06-15 12204821 FINANCE CONSTRUCTION false false false D CHEFA SERIES I 060806186 20774YFR3 2012-04-04 13319636 DEFEASE PRIOR BONDS false false false A 0 0 28747913 0 0 0 354054 272000 0 0 28130859 0 2007 true false true true B 0 0 12126960 0 0 0 170000 149000 0 11807960 0 0 2008 false false true true C 0 0 12204821 0 0 0 202391 0 0 12002430 0 0 2012 false false true true D 0 0 13319636 0 0 0 226182 0 0 0 13093454 0 2013 true false true true A false false false false 0 false false false true B false false false false 0 0.04050 0.04050 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false false false false 0 false 0 false false B false false false false false false 0 false 0 false false C false false false false false false 0 false 0 false false D false false false false false false 0 false 0 false false A false B false C false D false SCHEDULE K, PART II, LINE 11 0 BOND ADVANCE REFUNDING OF THE PROCEEDS FROM SERIES I BONDS ISSUED ON APRIL 4, 2012 $13,093,454 IS AN ADVANCE REFUNDING OF SERIES E BONDS ISSUED DURING 2002. OF THE PROCEEDS RECEIVED FROM SERIES F BONDS ON APRIL 4, 2007, $28,130,859 IS AN ADVANCE REFUNDING. SCHEDULE K, PART V 0 THE COLLEGE HAS NOT ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER THE APPLICABLE REGULATIONS. HOWEVER, THE COLLEGE DOES PERFORM SUCH PROCEDURES WITHOUT A WRITTEN POLICY. BRIDGET A MCSHANE SPOUSE OF ROGER BROOKS 130150 SALARY AND BENEFITS false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCH L, PART IV (a) Name of Person: BRIDGET A. MCSHANE (b) Relationship Between Interested Person and Organization: SPOUSE OF ROGER BROOKS (d) Description of Transaction: SALARY AND BENEFITS X 141 2396000 SALES PRICE false true false DESCRIPTION OF ORGANIZATION MISSION FORM 990, PART III, LINE 1 CONNECTICUT COLLEGE VALUES ACADEMIC EXCELLENCE, DIVERSITY, EQUITY, SHARED GOVERNANCE, EDUCATION OF THE ENTIRE PERSON, ADHERENCE TO COMMON ETHICAL AND MORAL STANDARDS, COMMUNITY SERVICE AND GLOBAL CITIZENSHIP AND ENVIRONMENTAL STEWARDSHIP. CONNECTICUT COLLEGE'S MISSION FORM 990, PART III, LINE 1 *ACADEMIC EXCELLENCE* RIGOROUS ACADEMIC STANDARDS, INNOVATIVE AND ENGAGING FACULTY MEMBERS, AND A DIVERSE CLASSROOM CURRICULUM CHALLENGE STUDENTS TO REACH THEIR FULL INTELLECTUAL POTENTIAL. THE COLLEGE EXPECTS STUDENTS TO LEARN OUTSIDE THE CLASSROOM AS WELL, THROUGH SUCH ACTIVITIES AS RESEARCH, TRAVEL, AND INTERNSHIPS. THE COLLEGE FACILITATES THOSE OPPORTUNITIES IN THE BELIEF THAT A DIVERSITY OF EXPERIENCE IS ESSENTIAL FOR GENUINE ACADEMIC SCHOLARSHIP, RESEARCH, AND CREATIVE WORK THAT ADVANCES HUMAN KNOWLEDGE AND EXPRESSION AND INFORMS EXCELLENT TEACHING. *DIVERSITY, EQUITY, AND SHARED GOVERNANCE* IN THE EARLY 20TH CENTURY, CONNECTICUT COLLEGE WAS FOUNDED IN THE BELIEF THAT ALL QUALIFIED STUDENTS-WOMEN AS WELL AS MEN-DESERVED AN OPPORTUNITY TO SECURE AN EDUCATION. THE COLLEGE STRIVES TO BE A COMMUNITY IN WHICH ALL MEMBERS FEEL COMFORTABLE, RESPECT EACH OTHER'S DIFFERENCES, AND SEEK COMMON GROUND. THE COLLEGE PROMOTES UNDERSTANDING BY OFFERING A VARIETY OF ACADEMIC AND SOCIAL EXPERIENCES AND IS COMMITTED TO BUILDING GREAT ACCESS, OPPORTUNITY, AND EQUITY. STUDENTS, FACULTY, STAFF, TRUSTEES AND ALUMNI ALL PARTICIPATE IN THE GOVERNANCE OF THE COLLEGE. *EDUCATION OF THE ENTIRE PERSON* THE COLLEGE SUPPORTS AND NURTURES THE INTELLECTUAL, EMOTIONAL, SPIRITUAL, CREATIVE, AND PHYSICAL DEVELOPMENT OF ITS STUDENT BODY. CONNECTICUT COLLEGE ENCOURAGES STUDENTS TO ENGAGE IN A WIDE RANGE OF ACTIVITIES, INCLUDING ACADEMIC PURSUITS, ATHLETICS AND PHYSICAL EDUCATION, ARTISTIC EXPRESSION, AND COMMUNITY SERVICE. THE COLLEGE FOSTERS AN APPRECIATION FOR THE NATURAL AND AESTHETIC CONNECTEDNESS OF THE MIND, BODY, AND SPIRIT. IT PREPARES STUDENTS TO BE RESPONSIBLE CITIZENS, CREATIVE PROBLEM-SOLVERS, AND THOUGHTFUL LEADERS IN A GLOBAL SOCIETY. *ADHERENCE TO COMMON ETHICAL AND MORAL STANDARDS* CONNECTICUT COLLEGE MAINTAINS A STRONG COMMITMENT TO ITS LONG-STANDING HONOR CODE. STUDENTS ARE EXPECTED TO MONITOR THEIR OWN FAITHFULNESS TO THE PRINCIPLES OF HONESTY AND MORAL INTEGRITY AND TO DISPLAY COURAGE IN ACADEMIC AND SOCIAL INTERACTIONS. THE PRINCIPLES OF JUSTICE, IMPARTIALITY AND FAIRNESS-THE FOUNDATIONS FOR EQUITY-ARE PARAMOUNT. *COMMUNITY SERVICE AND GLOBAL CITIZENSHIP* CONNECTICUT COLLEGE FOSTERS CIVIC RESPONSIBILITY AND ENHANCES ACADEMIC EXCELLENCE THROUGH A LONG TRADITION OF COMMUNITY INVOLVEMENT AND THROUGH COURSES THAT PROVIDE OPPORTUNITIES FOR SERVICE. THE COLLEGE PROMOTES AN UNDERSTANDING OF LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL PEOPLES, GROUPS, CULTURES, AND ISSUES, AND ENCOURAGES STUDENTS TO TAKE LIFE-LONG INTEREST IN THEM. *ENVIRONMENTAL STEWARDSHIP* CONNECTICUT COLLEGE IS PROUD OF ITS PIONEERING TRADITION OF ECOLOGICAL AWARENESS AND RESPONSIBILITY AND INTENDS TO REMAIN A LEADER IN SAFEGUARDING THE ENVIRONMENT. THE ARBORETUM CAMPUS IS AN ECOLOGICAL SHOWPIECE, AND THE COLLEGE'S PROCEDURES AND PROGRAMS AIM TO PRESERVE AND PROTECT THE ENVIRONMENT, BOTH LOCALLY AND GLOBALLY, AND TO PREPARE CITIZENS SENSITIVE TO THE NEED FOR RESPONSIBLE ENVIRONMENTAL STEWARDSHIP. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICE EXPENSES INCLUDE ALUMNI AND REUNION, FEDERAL AND STATE GRANT EXPENSES, CHEFA AMORTIZATION INTEREST AND FEES, PHYSICAL PLANT COSTS, DEPRECIATION, AND ADMINISTRATIVE COMPUTING COSTS. EXPENSES $ 5,485,000 INCLUDING GRANTS OF $ 0. REVENUE $2,847,000 FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN INFORMATION IS GATHERED FROM THE FINANCE OFFICE AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT TAX CONSULTANT. ONCE COMPLETED, THE DRAFT FORM, INCLUDING SCHEDULE B, ALONG WITH A SUPPORTING MEMORANDUM, IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM 990 EXCLUSIVE OF SCHEDULE B, IS THEN MADE AVAILABLE FOR REVIEW BY THE FULL BOARD OF TRUSTEES. SCHEDULE B IS AVAILABLE FOR REVIEW BY THE FULL BOARD OF TRUSTEES UPON REQUEST. FOLLOWING THE REVIEW PERIOD THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND A TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTIONS BY MAJORITY VOTE. PERIODICALLY, TRUSTEES WILL BE ASKED TO SIGN CONFLICT OF INTEREST STATEMENTS EITHER ASSURING THAT THEY HAVE NO CONFLICT OF INTEREST, OR DISCLOSING SUCH CONFLICT OF INTEREST AS THE CASE MAY BE, AS DESCRIBED IN THE CONNECTICUT COLLEGE BYLAWS, ARTICLE XV. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE ON EXECUTIVE COMPENSATION CONSISTING OF THE CHAIR AND VICE CHAIRS OF THE BOARD IS EMPOWERED TO CONDUCT THE ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT AND TO RECOMMEND TO THE FULL BOARD THE COMPENSATION OF THE PRESIDENT. THIS COMMITTEE REVIEWS THE PERFORMANCE AND APPROVES THE COMPENSATION OF HIGHLY COMPENSATED EMPLOYEES AT THE COLLEGE AT THE TIME OF THEIR HIRE AND WHEN SIGNIFICANT INCREASES IN COMPENSATION ARE BEING CONTEMPLATED. THE COMMITTEE'S REVIEW OF THE COMPENSATION OF THE PRESIDENT AND HIGHLY COMPENSATED EMPLOYEES MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION: COMPENSATION IS SET BY THE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION; PRIOR TO MAKING ITS DETERMINATION, THE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY; AND THE COMMITTEE ADEQUATELY AND CONTEMPORANEOUSLY DOCUMENTS THE BASIS FOR MAKING ITS DETERMINATION. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FORM 990, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENTS $ 977,000 CONNECTICUT COLLEGE COMMUNITY RADIO INC 270 MOHEGAN AVENUE BOX 5256 NEW LONDON CT 06320 260117596 RADIO STATION CT 501(c)(3) 7 NA true OAKLEAF ENDOWMENT TRUST FOR CT COLLEGE 1800 IDS CENTER MINNEAPOLIS MN 55402 416429969 TRUST CT 501(c)(3) 11A NA true CONNECTICUT COLLEGE EMPOYER-CONTRIBUTION 270 Mohegan Avenue New London CT 06320 047025787 VEBA CT 501(c)(9) NA true ASSOCIATED KYOTO PROGRAM CONTROLLERS OFFICE COLLEGE HALL RM NORTHAMPTON MA 01063 042996114 EDUCATION MA 501(c)(3) 11(c) NA false PHI BETA KAPPA 270 MOHEGAN AVENUE NEW LONDON CT 06320 066103682 HONOR SOCIETY DC 501(c)(3) 7 NA false UNITRUST (1) CHARITABLE TRUST CT NA TRUST false CHARITABLE REMAINDER TRUST (7) CHARITABLE TRUST CT NA TRUST false false false false false false false false false false true false false false true false false false true true CONNECTICUT COLLEGE EMPLOYER CONTRIBUTED VEBA R 225000 CONTRIBUTIONS OAKLEAF ENDOWMENT TRUST FOR CT COLLEGE S 196000 PAYMENT