2013-04-10T18:10:48-05:00 2012-05-31 GRANT THORNTON LLP 226 CAUSEWAY STREET BOSTON MA 021142155 990 2011-06-01 042199867 CURRY COLLEGE % RICHARD F SULLIVAN CFO CURR 6173332302 1071 BLUE HILL AVENUE MILTON MA 02186 RICHARD F SULLIVAN 2013-04-03 true LAURA J KENNEY 6177237900 2011 2016-02-25 16:41:14Z RICHARD F SULLIVAN 1071 BLUE HILL AVENUE MILTON MA 02186 114115262 false X WWW.CURRY.EDU X 1879 MA TO DEVELOP LIBERALLY EDUCATED PERSONS WHO ARE ABLE TO GAIN AND TO APPLY KNOWLEDGE HUMANELY, INTELLIGENTLY, AND EFFECTIVELY IN A COMPLEX, CHANGING WORLD. 17 15 1603 39 0 1372613 1060187 86646513 90043805 2303095 2656162 1649226 4053031 91971447 97813185 16574703 18455555 0 0 39831685 43312002 0 0 888731 26683193 27098072 83089581 88865629 8881866 8947556 180553878 188010277 91763539 93044544 88790339 94965733 X TO DEVELOP LIBERALLY EDUCATED PERSONS WHO ARE ABLE TO GAIN AND TO APPLY KNOWLEDGE HUMANELY, INTELLIGENTLY, AND EFFECTIVELY IN A COMPLEX CHANGING WORLD. false false 45198905 18267117 72627784 INSTRUCTION - CURRY COLLEGE SERVES APPROXIMATELY 2,031 FULL TIME, TRADITIONAL UNDERGRADUATE STUDENTS, 1,325 CONTINUING EDUCATION STUDENTS AND 396 GRADUATE STUDENTS. CURRY OFFERS 20 MAJORS AND OVER 65 MINORS AND CONCENTRATIONS. 18131221 STUDENT SERVICES - CURRY COLLEGE OFFERS A WIDE VARIETY OF EXTRA AND CO-CURRICULAR ACTIVITIES. THESE INCLUDE FOURTEEN NCAA DIVISION III ATHLETIC TEAMS, INTRAMURAL SPORTS AND OVER 30 STUDENT CLUBS AND GROUPS. 10646235 21438044 AUXILIARY ENTERPRISES - CURRY COLLEGE PROVIDES HOUSING AND MEAL SERVICES TO STUDENTS. MORE THAN 1,290 STUDENTS RESIDE ON CAMPUS IN 18 DIFFERENT RESIDENCE HALLS. 6362627 188438 80338988 true true false false false false false false true true true false true true true true false true false false false false false true false false true true true true false false false false false false false false false true false false false false false false false false false false true 67 0 true 1603 true false false false false false true true false false false false X 17 15 false false false false false false false true true false false true true true true true true true true false MA X RICHARD F SULLIVAN CFO 6173332302 CURRY COLLEGE 1071 BLUE HILL AVE MILTON MA 02186 KENNETH K QUIGLEY JR 40.0 X X 462606 0 92655 DR SALVATORE A BALSAMO 1.0 X 0 0 0 ANTHONY M CAMPO ESQ 1.0 X 0 0 0 DR MELVIN B DRAPKIN 1.0 X 0 0 0 DAVID K HEMENWAY 1.0 X 0 0 0 JOHN W KEITH 1.0 X 0 0 0 VINCENT J LOMBARDO 1.0 X 0 0 0 JOHN T MAHONEY ESQ 1.0 X 0 0 0 DR JOYCE A MURPHY 1.0 X 0 0 0 ROBERT M PLATT 1.0 X 0 0 0 JOSEPH P PLUNKETT 1.0 X 0 0 0 MITCHELL I QUAIN 1.0 X 0 0 0 CURTIS RODMAN 1.0 X 0 0 0 DR JOHN J SANTILLI 1.0 X 0 0 0 KATHRYN M SARDELLA 1.0 X 0 0 0 JERALD S SAVAGE CPA 1.0 X 0 0 0 DR JAMES M SULLIVAN 1.0 X 0 0 0 RICHARD F SULLIVAN 40.0 X 303570 0 30304 DAVID POTASH 40.0 X 222566 0 27670 CHRISTOPHER M LAWSON 40.0 X 204971 0 27331 MARYELLEN M KILEY 40.0 X 179971 0 23837 SUSAN W PENNINI 40.0 X 161668 0 28035 DENNIS M THIBEAULT 40.0 X 161396 0 19350 JANE P FIDLER 40.0 X 162880 0 17006 1859628 0 266188 43 false true false SODEXO INC AND AFFILIATES 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 DINING SERVICES 4147699 MCGARR SERVICE CORPORATION 367 WESTERN AVENUE BOSTON MA 02135 CLEANING SERVICES 1398145 CAVALIER COACH CORPORATION 905 MASSACHUSETTS AVENUE BOSTON MA 02218 TRANSPORTATION SVCS. 426067 ABSOLUTE GENERAL CONTRACTING INC 75 STANDISH ROAD MILTON MA 02186 CONSTRUCTION 271312 TUITION MANAGEMENT SYSTEMS 127 JOHN CLARKE ROAD NEWPORT RI 02842 WEB PAYMENT SERVICES 221303 12 0 0 7262 0 33213 1019712 15195 1060187 TUITION AND FEES 900099 72627784 72627784 0 0 RESIDENCE HALL 721000 9963997 0 0 9963997 BOOKSTORE 451211 144870 0 0 144870 MEAL PLANS 722320 7307154 0 0 7307154 90043805 2010744 0 0 2010744 92836 0 0 92836 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16831988 0 16279406 0 552582 0 552582 0 0 552582 53679 7262 22671 31008 0 31008 0 0 0 0 0 0 0 0 0 0 0 0 VENDOR REIMBURSEMENT REVENUE 900099 2058754 0 0 2058754 DAYCARE & OTHER VENDING 624410 620924 0 0 620924 SPORTS CAMP REVENUE 900099 596256 0 0 596256 746089 0 0 746089 4022023 97813185 72627784 0 24125214 188438 188438 18267117 18267117 0 0 1139370 236171 681095 222104 0 31442975 25953985 5396944 92046 2158264 1734844 402611 20809 6250361 5156790 1039826 53745 2321032 1865679 432974 22379 0 278991 278991 124083 124083 0 0 0 588109 443734 144375 1134546 1062748 60649 11149 3114602 1349246 1751072 14284 529404 91116 438288 5040 5040 4059961 2309984 1735142 14835 916140 746973 156776 12391 0 1736038 1328174 330646 77218 3929132 3555832 243252 130048 0 5041242 4083012 865530 92700 580430 9351 571079 DINING 3604938 3604938 REALLOCATION OF EXPENSE 7595787 -7723347 127560 OTHER CONTRACTED SERVICES 266117 99598 166464 55 BAD DEBT EXPENSE 289173 335902 -46729 900126 314529 588189 -2592 88865629 80338988 7637910 888731 186940 249373 2126568 579082 144147 77588 1266802 4134502 0 0 0 0 252385 223541 0 0 749859 927934 138879226 48515804 91958784 90363422 57522137 61662514 15914563 20133711 0 0 0 0 10431693 9658610 180553878 188010277 9774151 12426432 0 0 2176743 2788223 78859581 76874125 0 0 0 0 0 0 0 0 953064 955764 91763539 93044544 X 84300092 90579622 2994277 2882671 1495970 1503440 88790339 94965733 180553878 188010277 X 8947556 -2772162 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57473904 5311436 -859624 51952 338281 61535483 40738024 9569256 7513959 73267 274068 57473904 29415831 6317688 5341688 57531 279652 40738024 32964568 344256 -3430548 132206 330239 29415831 0.92900 0.02400 0.04700 false false 2350857 2350857 105292132 26907870 78384262 361357 358068 3289 20658305 16403842 4254463 10216575 4846024 5370551 90363422 0 DEBT SERVICE RESERVE 6305376 DEBT ISSUANCE COSTS, NET 3353234 9658610 0 STUDENT DEPOSITS 609730 GOVERNMENT ADVANCES - STUDENT LOANS 311834 AGENCY FUNDS 34200 955764 97813185 88865629 8947556 -2772162 -2772162 6175394 76097706 -2772162 -676200 -3448362 79546068 18267117 18267117 97813185 69922312 69922312 18943317 18943317 88865629 SCHEDULE D, PART V, LINE 4 THE COLLEGE INTENDS TO USE ALL OF ITS ENDOWMENT FUNDS IN SUPPORT OF ITS EXEMPT PURPOSE. EXTERNALLY RESTRICTED FUNDS WILL BE USED IN A MANNER CONSISTENT WITH DONOR RESTRICTIONS, INCLUDING SCHOLARSHIPS, FACILITIES AND VARIOUS STUDENT SERVICES. THE SPECIFIC USE OF UNRESTRICTED FUNDS WILL BE AS APPROVED BY THE COLLEGE'S GOVERNING BOARD ON NEEDS IDENTIFIED AT THE TIME. SCHEDULE D, PART X, LINE 2 U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THAT THE COLLEGE'S INCOME TAX RETURNS FOR FISCAL YEARS 2008 AND PRIOR ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE COLLEGE HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AT MAY 31, 2012 AND 2011. SCHEDULE D, PART XII, LINE 4B TOTAL REVENUE PER THE AUDITED FINANCIAL STATEMENTS IS PRESENTED NET OF INSTITUTIONAL SCHOLARSHIPS. FOR PURPOSES OF FORM 990 REPORTING, TOTAL REVENUE HAS BEEN GROSSED UP BY INSTITUTIONAL SCHOLARSHIPS OF $18,267,117. SCHEDULE D, PART XII, LINE 4D TOTAL REVENUE PER THE AUDITED FINANCIAL STATEMENTS INCLUDES OTHER OPERATING INCOME, WHICH IS PRESENTED NET OF OTHER OPERATING EXPENSES. FOR PURPOSES OF FORM 990 REPORTING, TOTAL REVENUE HAS BEEN GROSSED UP BY OTHER OPERATING EXPENSES OF $676,200. SCHEDULE D, PART XIII, LINE 4B FOR PURPOSES OF 990 REPORTING, TOTAL EXPENSES PER THE AUDITED FINANCIAL STATEMENTS OF $69,922,312 HAVE BEEN GROSSED UP BY INSTITUTIONAL SCHOLARSHIPS OF $18,267,117 AND OTHER OPERATING EXPENSES OF $676,200. ON THE AUDITED FINANCIAL STATEMENTS. THESE AMOUNTS ARE PRESENTED AS AN OFFSET TO STUDENT TUITION/FEES REVENUE AND OTHER OPERATING INCOME, RESPECTIVELY. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART 1, LINE 3 CURRY COLLEGE IS AN INDEPENDENT NONSECTARIAN INSTITUTION THAT ADMITS STUDENTS WHO HAVE THE NECESSARY PREPARATION AND ACADEMIC BACKGROUND TO MEET THE REQUIREMENTS OF THE COLLEGE. NO STUDENT IS DENIED ADMISSION ON THE GROUNDS OF RACE, RELIGION, NATIONAL ORIGIN, AGE OR SEX AND PROVIDED THAT HE OR SHE HAS THE NECESSARY PREPARATION AND ACADEMIC BACKGROUND. THIS INFORMATION IS PUBLISHED IN VARIOUS LITERATURE PROMOTING THE COLLEGE AND THE ANNUAL CURRY COLLEGE COURSE CATALOG. THE COLLEGE'S NONDISCRIMINATION POLICY CAN BE FOUND ON ITS WEBSITE AT WWW.CURRY.EDU. SCHEDULE E, PART 1, LINE 6A CERTAIN STUDENTS OF THE COLLEGE RECEIVE FINANCIAL AID FROM THE STATE AND FEDERAL GOVERNMENT IN THE FORM OF GRANTS AND LOANS. THE COLLEGE AWARDS GRANTS AND LOANS UNDER THE FEDERAL PELL GRANT, WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK-STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG), AND FEDERAL PERKINS LOAN PROGRAM. FOOTBALL GOLF 17555 3700 13855 1200 7480 56 0 600 HOCKEY GOLF 43386 3562 39824 2100 7455 2442 0 1338 0 0 0 0 0 0 0 0 0 0 60941 7262 53679 0 3300 14935 2498 0 1938 22671 31008 true TOWN OF MILTON 525 CANTON AVENUE MILTON MA 02186 046001228 SECTION 115 57532 MILTON PILOT CAPE COD BASEBALL LEAGUE PO BOX 266 HARWICH PORT MA 02646 042687718 501(c)(3) 17000 SPONSORSHIP RODMAN RIDE FOR KIDS INC 10 LINCOLN ROAD FOXBORO MA 02035 043329298 501(c)(3) 15000 SPONSORSHIP MOSI TATUPU MEMORIAL FUND C/O NE PATRIOTS ALUMNI ASSOCIATION 143 SADDLEWORTH WAY MIDDLEBORO MA 02346 061755647 501(c)(3) 10360 SPONSORSHIP MILTON FOUNDATION FOR EDUCATION PO BOX 223 MILTON MA 02186 043307338 501(c)(3) 10000 SPONSORSHIP MILTON HIGH SCHOOL BOOSTERS PO BOX 375 MILTON MA 02186 261821292 501(c)(3) 7000 SPONSORSHIP 6 0 CURRY COLLEGE INSTITUTIONAL SCHOLARSHIP 2402 17694891 TUITION DISCOUNTS 48 102072 STIPENDS 73 470154 SCHEDULE I, PART I, LINE 1 THE COLLEGE ISSUES SCHOLARSHIPS TO STUDENTS WHO ARE REQUIRED TO MATRICULATE AT THE COLLEGE. THE STUDENT DOES NOT HAVE ANY DISCRETION ON HOW FUNDS ARE USED; ALL FUNDS ARE USED TO DEFRAY THE COSTS OF ATTENDING CURRY COLLEGE, THEREFORE, THE COLLEGE IS NOT REQUIRED TO FURTHER MONITOR THE USE OF THE GIFTED FUNDS. THE COLLEGE MAINTAINS A COMPUTERIZED SYSTEM WITH INTEGRATED CONTROLS TO ENSURE THAT SCHOLARSHIP AWARDS ARE MADE IN ACCORDANCE WITH ESTABLISHED CRITERIA AS APPROVED BY SENIOR MANAGEMENT AND FEDRAL AND STATE AUTHORITIES, AS APPROPRIATE. A SERIES OF REPORTS HAVE BEEN DEVELOPED AND ARE USED BY MANAGEMENT TO IDENTIFY AND ADDRESS ANY EXCEPTIONS. ANNUALLY, THE COLLEGE'S FINANCIAL AID AWARDING PROCESS IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE UNITED STATES ARE REVIEWED AND APPROVED BY THE COLLEGE'S PRESIDENT AND CHIEF FINANCIAL OFFICER. IN EACH CASE, THE COLLEGE IS AWARE OF THE CHARITABLE USE OF THE FUNDS, WHICH IS TYPICALLY FOR THE GENERAL PURSUIT OF THE RECEIVING ORGANIZATION'S EXEMPT PURPOSES AND NOT EARMARKED FOR A SPECIFIC USE. THE COLLEGE BELIEVES IN EACH INSTANCE THAT THESE FORMS OF ASSISTANCE ARE IN THE COLLEGE'S BEST INTEREST IN PROMOTING ITS IMAGE AND THE PURSUIT OF ITS EXEMPT PURPOSE. X X X X X false true X X X X false false false false false false false true false KENNETH K QUIGLEY JR 372672 0 75000 0 14934 0 17007 0 75648 0 555261 0 0 0 RICHARD F SULLIVAN 215452 0 75000 0 13118 0 15223 0 15081 0 333874 0 0 0 DAVID POTASH 172296 0 50000 0 270 0 12591 0 15079 0 250236 0 0 0 CHRISTOPHER M LAWSON 160269 0 25000 0 19702 0 11749 0 15582 0 232302 0 0 0 MARYELLEN M KILEY 132145 0 20000 0 27826 0 9681 0 14156 0 203808 0 0 0 SUSAN W PENNINI 160894 0 0 0 774 0 11330 0 16705 0 189703 0 0 0 DENNIS M THIBEAULT 145622 0 15000 0 774 0 9819 0 9531 0 180746 0 0 0 JANE P FIDLER 118666 0 30000 0 14214 0 8307 0 8699 0 179886 0 0 0 PART 1 LINE 1A ON A VERY LIMITED BASIS, THE COLLEGE PROVIDES TRAVEL FOR COMPANIONS FOR THE PRESIDENT AND OTHER SENIOR STAFF MEMBERS REQUIRED TO ATTEND CERTAIN COLLEGE RELATED EVENTS WHEN NECESSARY FOR THE EMPLOYEE TO CARRY OUT HIS/HER DUTIES. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION FOR THESE LISTED INDIVIDUALS. THE COLLEGE PROVIDES TAX INDEMNIFICATION AND GROSS-UP PAYMENTS RELATED TO THE USE OF COLLEGE PROVIDED VEHICLES FOR THE CHIEF DEVELOPMENT OFFICER, DEAN OF STUDENTS, AND THE DEAN OF ADMISSIONS. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION FOR THESE LISTED PEOPLE. THE COLLEGE PROVIDES A RESIDENCE FOR PERSONAL USE, AS WELL AS MAINTAINS THIS RESIDENCE FOR THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE IN THIS RESIDENCE AS A CONDITION OF EMPLOYMENT. THE NON-BUSINESS RELATED PORTION OF THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. THE COLLEGE PROVIDES ITS CHIEF DEVELOPMENT OFFICER WITH MEMBERSHIP TO A SOCIAL CLUB WHICH IS USED FOR FUNDRAISING ACTIVITY. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION FOR THIS INDIVIDUAL. PART I, LINE 1B ON A CASE BY CASE BASIS, PAYMENT AND REIMBURSEMENTS ARE APPROVED BY THE BOARD OF TRUSTEES OR THE PRESIDENT, AS APPROPRIATE. PART 1, LINE 7 ON AN ANNUAL BASIS THE BOARD OF TRUSTEES, THROUGH ITS FINANCE AND PHYSICAL FACILITIES COMMITTEE, APPROVES DISCRETIONARY BONUSES, INCLUDING THOSE REFLECTED IN FORM 990 SCHEDULE J, PART II. PURSUANT TO THE COLLEGE'S BOARD-APPROVED KEY EMPLOYEE COMPENSATION POLICY, THE AMOUNTS ARE BASED ON INDIVIDUAL PERFORMANCE AND A REVIEW OF THE EMPLOYEE'S TOTAL COMPENSATION IN COMPARISON TO THOSE IN SIMILAR ROLES AT OTHER EMPLOYERS. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583FQ79 2003-06-25 9348682 CONSTRUCTION OF RESIDENCE HALL false false false MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RAV7 2005-05-27 19671813 SEE DESCRIPTION IN PART VI false false false MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGB5 2006-08-16 35514127 SEE DESCRIPTION IN PART VI false false false 1760000 0 9508485 594597 46536 0 187967 328086 0 8228077 123222 0 2003 false false true true 2805000 0 20096706 1245422 401117 0 272741 614526 0 17366478 196422 0 2006 false false true true 2035000 0 38523630 2421375 782441 0 444458 622293 0 33749442 503621 0 2009 false false true true false false true false false 0 true false false true false false 0 true false false true false false 0 true false false false 0 false 0 false true false false false 0 false 0 false false false false false 0 false 0 false false SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 0 CURTIS RODMAN TRUSTEE OF COLLEGE 129658 VEHICLE PURCHASES AND LEASES false FORM 990, SCHEDULE L, PART IV, LINE 1 THE COLLEGE LEASES VEHICLES, PURCHASES NEW AND USED VEHICLES, PURCHASES PARTS, AND CERTAIN REPAIRS FROM RODMAN FORD, A COMPANY RELATED TO CURTIS RODMAN, A TRUSTEE OF THE COLLEGE. THE COLLEGE COMPARES RODMAN'S PRICES TO OTHER VENDORS TO ENSURE THE TRANSACTIONS ARE DONE AT FAIR MARKET VALUE. FURTHER, THESE TRANSACTIONS ARE SUBJECT TO THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ACCORDINGLY ARE REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD OF TRUSTEES. DURING FISCAL YEAR 2012, THE COLLEGE LEASED 8 VEHICLES AND PURCHASED 2 VEHICLES THROUGH RODMAN FORD. PART III, LINE 4D ACADEMIC SUPPORT - CURRY COLLEGE ACADEMICALLY SUPPORTS STUDENTS WITH OUR ACADEMIC ENRICHMENT CENTER AND CAMPUS LIBRARY. IN ADDITION, THE CAMPUS IS CONNECTED BY A NETWORK THAT LINKS ALL ACADEMIC FACILITIES AND RESIDENCE HALLS ENABLING STUDENTS DIRECT ACCESS TO E-MAIL, LIBRARY SOURCES AND THE INTERNET. PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE COLLEGE'S CONTROLLER AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AS WELL AS THE COLLEGE'S OUTSIDE TAX FIRM. A COPY OF THE 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FORM 990 BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE. PART VI, SECTION B, LINE 12C The College has two Conflict of Interest Policies, one that covers all board members and a second that covers all employees. Both policies are under the oversight of the Board of Trustees. The CFO and/or President review potential conflicts of interest by employees and all non-interested Trustees review potential conflicts of interest by Trustees. The person with the potential conflict would provide information to the Board or CFO/President as applicable. In the case of Trustees with a potential conflict of interest, they would leave the board meeting during the discussion of, and the vote on, the transaction or arrangement which resulted in the conflict. PART VI, SECTION B, LINE 15 A & B THE COLLEGE HAS A COMPENSATION POLICY WHICH COVERS THE CEO (PRESIDENT), CFO, AND ALL OTHER SENIOR MANAGEMENT. FOR THE CEO AND CFO POSITIONS, AN INDEPENDENT CONSULTANT IS ENGAGED TO PREPARE A REPORT THAT COMPARES THE COMPENSATION OF THESE POSITIONS TO PEER INSTITUTIONS, OTHER NOT FOR PROFIT ORGANIZATIONS, AS WELL AS TO THE GENERAL INDUSTRY. FOR ALL OTHER SENIOR MANAGEMENT POSITIONS, THE DIRECTOR OF HUMAN RESOURCES UTILIZES SURVEY INFORMATION TO PROVIDE COMPARABILITY DATA. THE PROCESSES ARE UNDERTAKEN ON AN ANNUAL BASIS, MOST RECENTLY AUGUST 2011 AND 2012. THE COMPENSATION FOR THESE INDIVIDUALS IS APPROVED BY THE FINANCE AND PHYSICAL FACILITIES COMMITTEE OF THE BOARD OF TRUSTEES, AND THERE IS CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST. PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES REPRESENTS THE NET UNREALIZED LOSS ON THE COLLEGE'S INVESTMENTS. SCHEDULE K, PART I, LINE B, COLUMN F BONDS WERE ISSUED TO CONSTRUCT A RESIDENCE ALL, PURCHASE A NEW PIECE OF PROPERTY, CONSTRUCT AN ARTIFICIAL TURF ATHLETIC FIELD, CONSTRUCT A NEW DAYCARE FACILITY, AND OTHER CAPITAL IMPROVEMENTS. SCHEDULE K, PART 1, LINE C, COLUMN F BONDS WERE ISSUED TO DEMOLISH AN EXISTING STUDENT CENTER AND CONSTRUCT A NEW STUDENT CENTER, CONSTRUCTION OF A NEW ACADEMIC BUILDING, AND EXPANSION AND RENOVATION OF AN EXISTING ADMINISTRATIVE OFFICE BUILDING.