NORWICH UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NORWICH UNIVERSITY (EIN 03-0179424)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-04-11
- IRS object ID
- 201301019349300245
- Schema version
- 2011v1.2
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-11T15:30:49-05:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135565207 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179424 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Norwich University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORW | NameControl |
| Phone | 8024852040 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 158 Harmon Drive | AddressLine1 |
| City | Northfield | City |
| State | VT | State |
| ZIP Code | 05663 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Lauren Wobby | Name |
| Title | CFO/Treasurer | Title |
| Phone | 8024852040 | Phone |
| Date Signed | 2013-04-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00237591 | PTIN |
| Phone | 6179881000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Richard Schneider | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 158 Harmon Drive | AddressLine1 |
| City | Northfield | City |
| State | VT | State |
| ZIP Code | 05663 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 123233497 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.norwich.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1819 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | Norwich's mission is to give our youth an education that shall be American in its character. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1915 | TotalNbrEmployees |
| Total Nbr Volunteers | 500 | TotalNbrVolunteers |
| Total Gross UBI | -108164 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -108164 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8545535 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7496378 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 108094358 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 111363606 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 10017833 | InvestmentIncomePriorYear |
| Investment Income Current Year | -1998411 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 290545 | OtherRevenuePriorYear |
| Other Revenue Current Year | 456298 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 126948271 | TotalRevenuePriorYear |
| Total Revenue Current Year | 117317871 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 30667845 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 33001356 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 44781303 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 46714036 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3057077 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 45444944 | OtherExpensePriorYear |
| Other Expenses Current Year | 46352538 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 120894092 | TotalExpensesPriorYear |
| Total Expenses Current Year | 126067930 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6054179 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -8750059 | RevenuesLessExpensesCY |
| Total Assets BOY | 339062003 | TotalAssetsBOY |
| Total Assets EOY | 321920715 | TotalAssetsEOY |
| Total Liabilities BOY | 105881251 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 114257572 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 233180752 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 207663143 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | Norwich University's mission is to give our youth an education that shall be American in character. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 68995994 | Expense |
| Grants | 32886515 | Grants |
| Revenue | 87611382 | Revenue |
| Description | Instructional - Student body of over 3,000 students. One libraryservicing student body, faculty and staff. Computer center servicingstudents, faculty, and staff. Web based instructional platformsupporting over 1,000 graduate students. Students receive campus-basedgrants, scholarships and awards coupled with aid from federally fundedprograms. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 21422865 | Expense |
| Revenue | 235967 | Revenue |
| Description | Student service and athletics - Provide leadership & training to a 1,200student corps of cadets. Provide activities and programming for anundergraduate student body for over 2,000 students. Approximately 500students participating in 20 varsity sports. Students have theopportunity to participate in intramural athletics and approximately 80clubs and organizations. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 16372818 | Expense |
| Revenue | 23703602 | Revenue |
| Description | Auxiliary Enterprises and other Student Services include cafeteria,dormitories, bookstore and uniform shop servicing the undergraduatepopulation of over 2,000 undergraduate students. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 114841 | Expense |
| Grants | 114841 | Grants |
| Description | Disaster relief to victims of Super-storm IreneThe immediate surrounding community of the University sustained significant damage from Irene. The University established a fund for donations to provide relief for necessities and immediate needs to affected students, faculty, staff and alumni as well as to provide logistical support for volunteers to help clean out local homes and businesses. A four person Committee was appointed to oversee the awarding. Over 39 individuals were assisted and over 3,800 volunteer hours were logged. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 114841 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 114841 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 106906518 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5205 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1915 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lauren Wobby CFOTreasurer | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8024852040 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 158 Harmon Drive | AddressLine1 |
| City | Northfield | City |
| State | VT | State |
| ZIP Code | 05663 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Richard Schneider | |||||||
| President | 65.00 | X | X | 672548 | 0 | 58770 | |
| Keith Barrett | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Lance Boxer | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| John W Bride | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Leo Brooks Jr | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Paul Carrara | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Alan F DeForest | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Harvey C DeMovick Jr | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Denise M Donovan | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Philip Down | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Lorna Duphiney Edmundson | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Danial Faizullabhoy | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| John Gatti | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Roberta Haney | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Wm Blaine Hawkins | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Mark Kisiel | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Joel A Kobert | |||||||
| Vice Chairman | 2.50 | X | 0 | 0 | 0 | ||
| Larry Lang | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| William Lasky | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Jesus Mangual | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Douglas M McCracken | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Richard Neal | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Miles Prentice | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Martha Rainville | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Stephen Rippe | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Phil Soucy | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Gordon Sullivan | |||||||
| Chairman | 2.50 | X | 0 | 0 | 0 | ||
| Gary F Terry | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Mark Thompson | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Elizabeth Veach | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| J Fred Weintz | |||||||
| Trustee | 2.50 | X | 0 | 0 | 0 | ||
| Dave Whaley | |||||||
| Secretary/VP Development | 40.00 | X | 166574 | 0 | 29297 | ||
| Judy Bailey | |||||||
| Assistant Secretary | 40.00 | X | 74276 | 0 | 12270 | ||
| Lauren Wobby | |||||||
| CFO/Treasurer | 40.00 | X | 124579 | 0 | 33348 | ||
| Guiyou Huang | |||||||
| Provost | 40.00 | X | 171233 | 0 | 37548 | ||
| Frank Vanecek | |||||||
| VP Info Tech/Dean | 40.00 | 157564 | 0 | 23918 | X | ||
| Philip T Susmann | |||||||
| VP Strategic Ptnrshp | 40.00 | 170514 | 0 | 32532 | X | ||
| David Magida | |||||||
| Chief Admin Officer | 40.00 | 153903 | 0 | 27907 | X | ||
| Saeed Moaveni | |||||||
| Dean of Engineering | 40.00 | 151025 | 0 | 22403 | X | ||
| Peter Stephenson | |||||||
| Chief Info Sec Officer | 40.00 | 146315 | 0 | 12470 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1988531 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 290463 | TotalOtherCompensation |
| Number Individuals GT100 K | 30 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressForeign/AddressLine1 | CityAddressOfContractor/AddressForeign/City | Province Or StateAddressOfContractor/AddressForeign/ProvinceOrState | CountryAddressOfContractor/AddressForeign/Country | Postal CodeAddressOfContractor/AddressForeign/PostalCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode |
|---|---|---|---|---|---|---|---|---|---|---|
| Embanet Corporation | ||||||||||
| 225 Sparks Ave | Toronto | Ontario | CA | M2H285 | Admissions Outsourcing (firm) | 6779029 | ||||
| Stamats Inc | ||||||||||
| Advertising | 734047 | 615 Fifth St SE | Cedar Rapids | IA | 52406 | |||||
| Central Vermont Medical Center | ||||||||||
| Medical Care | 588701 | PO Box 547 | Barre | VT | 05641 | |||||
| OHO Corporation | ||||||||||
| Website Design | 248504 | 1100 Massachusetts Ave | Cambridge | MA | 02138 | |||||
| Cambridge Associates LLC | ||||||||||
| Investment Management | 169688 | PO Box 10317 | Uniondale | NY | 11555 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Membership Dues | 8516 | MembershipDues |
| Fundraising Events | 42370 | FundraisingEvents |
| Government Grants | 1895667 | GovernmentGrants |
| All Other Contributions | 5549825 | AllOtherContributions |
| Noncash Contributions | 550161 | NoncashContributions |
| Total Contributions | 7496378 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition/fees/rm&board | 611600 | 108752152 | 108752152 |
| Aux. sales and service | 611600 | 2611454 | 2611454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 111363606 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3167192 | TotalRevenueColumn |
| Unrelated Business Revenue | -108164 | UnrelatedBusinessRevenue |
| Exclusion | $3,275,356 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 59888 | TotalRevenueColumn |
| Exclusion | $59,888 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 883860 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 691605 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 192255 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 192255 | TotalRevenueColumn |
| Exclusion | $192,255 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5142021 | Securities |
| Other | 23582 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -5142021 | Securities |
| Other | -23582 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -5165603 | TotalRevenueColumn |
| Exclusion | -$5,165,603 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 75228 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 42370 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 58418 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16810 | TotalRevenueColumn |
| Exclusion | $16,810 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Student loan interest | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 187345 | TotalRevenueColumn |
| Related Or Exempt Function Income | 187345 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 187345 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 117317871 | TotalRevenueColumn |
| Related Or Exempt Function Income | 111550951 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -108164 | UnrelatedBusinessRevenue |
| Exclusion | -$1,621,294 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67278 | Total |
| Program Services | 67278 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32862578 | Total |
| Program Services | 32862578 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71500 | Total |
| Program Services | 71500 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1459508 | Total |
| Program Services | 214271 | ProgramServices |
| Management And General | 644891 | ManagementAndGeneral |
| Fundraising | 600346 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33037218 | Total |
| Program Services | 26050031 | ProgramServices |
| Management And General | 5668471 | ManagementAndGeneral |
| Fundraising | 1318716 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1996353 | Total |
| Program Services | 1577602 | ProgramServices |
| Management And General | 363243 | ManagementAndGeneral |
| Fundraising | 55508 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7548481 | Total |
| Program Services | 5965128 | ProgramServices |
| Management And General | 1373471 | ManagementAndGeneral |
| Fundraising | 209882 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2672476 | Total |
| Program Services | 2111903 | ProgramServices |
| Management And General | 486266 | ManagementAndGeneral |
| Fundraising | 74307 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1876595 | Total |
| Program Services | 1256800 | ProgramServices |
| Management And General | 484454 | ManagementAndGeneral |
| Fundraising | 135341 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170488 | Total |
| Program Services | 31556 | ProgramServices |
| Management And General | 138932 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 176715 | Total |
| Management And General | 176715 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50031 | Total |
| Management And General | 50031 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 984315 | Total |
| Management And General | 984315 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1866085 | Total |
| Program Services | 1504555 | ProgramServices |
| Management And General | 361530 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 367829 | Total |
| Program Services | 114950 | ProgramServices |
| Management And General | 247603 | ManagementAndGeneral |
| Fundraising | 5276 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1296981 | Total |
| Program Services | 656766 | ProgramServices |
| Management And General | 579656 | ManagementAndGeneral |
| Fundraising | 60559 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2711985 | Total |
| Program Services | 915527 | ProgramServices |
| Management And General | 1635765 | ManagementAndGeneral |
| Fundraising | 160693 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2932009 | Total |
| Program Services | 2914525 | ProgramServices |
| Management And General | 13393 | ManagementAndGeneral |
| Fundraising | 4091 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2931179 | Total |
| Program Services | 2368394 | ProgramServices |
| Management And General | 399868 | ManagementAndGeneral |
| Fundraising | 162917 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25484 | Total |
| Program Services | 19883 | ProgramServices |
| Management And General | 3781 | ManagementAndGeneral |
| Fundraising | 1820 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2680216 | Total |
| Program Services | 2657152 | ProgramServices |
| Management And General | 23064 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6533737 | Total |
| Program Services | 6533737 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 784515 | Total |
| Program Services | 1594 | ProgramServices |
| Management And General | 782921 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Outsource admissions | 6750368 | 6750368 | ||
| Food service | 5306954 | 5205564 | 63384 | 38006 |
| Supplies | 2014408 | 1625497 | 370470 | 18441 |
| Books & periodicals | 1559747 | 1549967 | 9171 | 609 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5332897 | Total |
| Program Services | 3879392 | ProgramServices |
| Management And General | 1242940 | ManagementAndGeneral |
| Fundraising | 210565 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126067930 | Total |
| Program Services | 106906518 | ProgramServices |
| Management And General | 16104335 | ManagementAndGeneral |
| Fundraising | 3057077 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -1 | BOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18892277 | BOY |
| EOY | 8699640 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10140069 | BOY |
| EOY | 8581164 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2567526 | BOY |
| EOY | 2472623 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8914805 | BOY |
| EOY | 8802206 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1278211 | BOY |
| EOY | 1153498 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2221593 | BOY |
| EOY | 1567619 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 170252149 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 64090718 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 106088521 | BOY |
| EOY | 106161431 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78055720 | BOY |
| EOY | 71671911 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99729425 | BOY |
| EOY | 92074801 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11173857 | BOY |
| EOY | 20735822 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339062003 | BOY |
| EOY | 321920715 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2937965 | BOY |
| EOY | 2857239 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4767456 | BOY |
| EOY | 4373394 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74400000 | BOY |
| EOY | 72800000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23775830 | BOY |
| EOY | 34226939 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105881251 | BOY |
| EOY | 114257572 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76914057 | BOY |
| EOY | 68796600 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116165268 | BOY |
| EOY | 98028770 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40101427 | BOY |
| EOY | 40837773 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 233180752 | BOY |
| EOY | 207663143 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339062003 | BOY |
| EOY | 321920715 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -8750059 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -16767550 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $50,031 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 50031 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Lobbying Activities: | Identifier |
| Return Reference | Part II-B, Line 1: | ReturnReference |
| Explanation | Norwich University engaged The Normandy Group to represent our interests to the federal government for the sum of $40,150. The Normandy Group provides knowledge of the federal legislative and bureaucratic processes as well as awareness of current legislative issues. In particular, Norwich was interested in evolving legislation concerning tentative rules with endowment spending, IRS charitable contributions regulations, Student Aid and Fiscal Responsibility Act(SAFRA), Department of Education interpretation of the recent Higher Education Reauthorization, and changes to the Veterans' Post- 9/11 Educational Benefits. Norwich University carefully follows the evolution of cyber security legislation and provides insight to the Vermont federal legislative delegation as multiple approaches were presented by various committees. The Normandy Group provided assistance developing appropriation requests for members of the Vermont federal legislative delegation in the areas of financial sector cyber security simulation, federal emergency management agency state and local first responder training, and renewable energy research. Norwich University pays dues to several associations which include as part of their ongoing activities lobbying activities with federal and state legislative bodies. Norwich estimates that a quarter of dues paid to such organizations finance such lobbying activities, the total of which is $9,881. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | Public Programs | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 180071682 | BeginningOfYearBalance |
| Contributions | 1006626 | Contributions |
| Investment Earnings Or Losses | -6854753 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3176111 | GrantsOrScholarships |
| Other Expenditures | 4306131 | OtherExpenditures |
| Administrative Expenses | 984315 | AdministrativeExpenses |
| End Of Year Balance | 165756998 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 153511475 | BeginningOfYearBalance |
| Contributions | 885090 | Contributions |
| Investment Earnings Or Losses | 34397218 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3228677 | GrantsOrScholarships |
| Other Expenditures | 4536499 | OtherExpenditures |
| Administrative Expenses | 956925 | AdministrativeExpenses |
| End Of Year Balance | 180071682 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 140430951 | BeginningOfYearBalance |
| Contributions | 980338 | Contributions |
| Investment Earnings Or Losses | 21096054 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3457800 | GrantsOrScholarships |
| Other Expenditures | 4702526 | OtherExpenditures |
| Administrative Expenses | 835542 | AdministrativeExpenses |
| End Of Year Balance | 153511475 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 181784311 | BeginningOfYearBalance |
| Contributions | 2684910 | Contributions |
| Investment Earnings Or Losses | -35343933 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3369670 | GrantsOrScholarships |
| Other Expenditures | 4430908 | OtherExpenditures |
| Administrative Expenses | 893759 | AdministrativeExpenses |
| End Of Year Balance | 140430951 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.25680 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.24630 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.49690 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 987310 | OtherCostOrOtherBasis |
| Book Value | 987310 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 140831504 | OtherCostOrOtherBasis |
| Depreciation | 47985628 | Depreciation |
| Book Value | 92845876 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16102590 | OtherCostOrOtherBasis |
| Depreciation | 13266044 | Depreciation |
| Book Value | 2836546 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12330745 | OtherCostOrOtherBasis |
| Depreciation | 2839046 | Depreciation |
| Book Value | 9491699 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 106161431 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Equity Alternative Investments | 31718367 | F |
| Other Alternative Investments | 1193248 | F |
| Hedge Fund Alternative Investments | 35025745 | F |
| Venture Capital Alt Investments | 17927718 | F |
| Real Asset Alternative Investments | 6209723 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 92074801 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Beneficial Interest in Perpetual Trust | 5407006 |
| Deposits Held by Trustees | 14890626 |
| Unamortized Bond Issuance Costs | 438190 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 20735822 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Government Advances and Student Loans | $6,437,648 |
| Accrued Liabilities | $5,218,620 |
| Discount on Life Income Funds | $1,991,522 |
| Swap Valuation | $20,579,149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 34226939 | TotalOfAmounts |
| Total Revenue | 117317871 | TotalRevenue |
| Total Expenses | 126067930 | TotalExpenses |
| Excess Or Deficit For Year | -8750059 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4486602 | NetUnrealizedGLOnInvestments |
| Other | -$12,280,948 | OtherAmount |
| Total Adjustments | -16767550 | TotalAdjustments |
| Excess Or Deficit Per FS | -25517609 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 69276147 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4486601 | NetUnrealizedGainsInvestments |
| Other Revenues | -10735886 | OtherRevenues |
| Revenue Not Rptd F990 | -15222487 | RevenueNotRptdF990 |
| Revenue Subtotal | 84498634 | RevenueSubtotal |
| Other Revenues Not Included | 32819237 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 32819237 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 117317871 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 94793755 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1545062 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1545062 | ExpensesNotRptdF990 |
| Expenses Subtotal | 93248693 | ExpensesSubtotal |
| Other Expenses Not Included | 32819237 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 32819237 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 126067930 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 1a: | The University's collections are made up of artifacts of historical significance, scientific specimens and art objects that are held for educational, research, scientific, and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The University's collections, which were acquired through purchases and contributions since the University's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as temporarily or permanently restricted net assets, if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. The University records items of collections, which are received for educational purposes and generally displayed throughout the University, as a gift at nominal value. These gifts are not disposed of for financial gain or otherwise encumbered in any manner. | |
| Part III, Line 4: | The Sullivan Museum and History Center, the museum of Norwich University, has a collection of 14,000-16,000 objects which are used to share the collective stories of the thousands of Norwich students,faculty, and staff since its founding in 1819. The collection began around 1900 and is still growing today with the generous donations of Norwich Alumni and friends. Today the collection process is overseen by a Collection Committee and two professionally trained museum staff members, a Director and a Curator. The collection contains fine arts (paintings, sculptures, prints), decorative arts (furniture, etc.), military firearms and other weapons, textiles (uniforms and flags), personal collections of various military officers from Captain Alden Partridge, our founder, to the present, and items representing the various departments of the University including musical instruments, engineering equipment, sports items, cavalry and aviation equipment, and business machines. The Sullivan Museum is considered a "teaching museum," a term officially adopted by the American Association of University Museums and Galleries, which indicates an institution with the primary purpose of using its collections as a teaching resource. Museum staff is committed to working with all faculty and classes across campus in multiple disciplines and has a special "smart classroom" within the Museum for that purpose. The Museum strives to integrate itself into the curriculum in various ways including offering exhibition and program opportunities to both faculty and staff; making the collection resources available to all for research and project use; and directly teaching in the Museum for various classes such as English, literature, and history. | |
| Part V, Line 4: | The purpose of the Norwich University endowment is to generate a stream of earnings to support current operations under an investment strategy designed to maintain, or grow, corpus value in real or inflation adjusted terms. The Board of Trustees has adopted a spending plan whereby the University utilizes 5.% of the product of the average pooled unit value for the 12 prior quarters ending December 31 and the number of pooled units on hand at December 31.The University general fund receives the greatest share of the annual endowment distribution at approximately 45%, followed by scholarships at 42%. Endowment funds also support academic enrichment, faculty development, student loans, margin of excellence programs, and numerous other activities. | Description of Intended Use of Endowment Funds: |
| Part X: | The University is a not-for-profit corporation as described in Section 501(c)(3) of the U.S. Internal Revenue Code (the Code) and is generally exempt from federal income tax under Section 501(a) of the Code. The University believes it has taken no significant uncertain tax positions. | Description of Uncertain Tax Positions Under FIN 48: |
| Related Entity Income 84,365. Bond Administration Fees -795,038. Change in present value of liabilities -23,079. Change in swap valuation -9,918,333. Change in DOE liability estimate -1,628,863. Total to Schedule D, Part XI, Line 8: -12,280,948. | Part XI, Line 8 - Other Adjustments: | |
| Rental & fundraising event expenses 750,024. Related Entity Revenue 84,365. Life Income Funds Loss -23,079. Unrealized Loss on Swap -9,918,333. Change in DOE Liabiltiy Estimate -1,628,863. | Part XII, Line 2d - Other Adjustments: | |
| Tuition Discounting (expense on 990) 32,819,237. | Part XII, Line 4b - Other Adjustments: | |
| Rental and fundraising event expenses 750,024. Bond Administration Costs 795,038. | Part XIII, Line 2d - Other Adjustments: | |
| Tuition discounts (contra-income on financials) 32,819,237. | Part XIII, Line 4b - Other Adjustments: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | Application forms contain non-discriminitory policy statement as does recruiting literature, the University Catalogue, the website and selected newspaper advertisements. |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | The University receives student loan and grant funds from the federal government which are dispersed to students based upon financial need according to federal guidelines. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (12 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia & the Pacific | 0 | 0 | Program Services | Students studying abroad | 13000 |
| Europe | 0 | 0 | Program Services | Students studying abroad | 196000 |
| Central America & the Caribbean | 0 | 0 | Program Services | Students Studying Abroad | 11000 |
| East Asia & the Pacific | 0 | 0 | Program Services | Volunteering | 56000 |
| Central America & the Caribbean | 0 | 0 | Investments | 29750000 | |
| Europe | 0 | 0 | Program Services | Faculty Development | 18000 |
| East Asia & the Pacific | 0 | 0 | Program Services | Faculty Development | 14000 |
| Europe | 0 | 0 | Program Services | Program Development | 11000 |
| East Asia & the Pacific | 0 | 0 | Program Services | Program Development | 41000 |
| East Asia & the Pacific | 0 | 0 | Program services | Scholarships for International Study | 27500 |
| Europe | 0 | 0 | Program Services | Scholarships for International Study | 36500 |
| South America | 0 | 0 | Program Services | Scholarships for International Study | 7500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 30069000 | SubtotalAmountSpent |
| Cont Amount Spent | 112500 | ContAmountSpent |
| Total Amount Spent | 30181500 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (3 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| Scholarships | East Asia & the Pacific | 11 | 27500 | Tuition scholarship |
| Scholarships | Europe | 18 | 36500 | Tuition scholarship |
| Scholarships | South America | 3 | 7500 | Tuition scholarship |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants Outside the U.S.: | Identifier |
| Explanation | Schedule F, Part I, Line 2: Norwich University offers financial assistance to students who are accepted to participate in approved study abroad programs. In order to qualify for the assistance, a student must be enrolled full-time, must have achieved a satisfactory grade point average at Norwich University and must have a demonstrated financial need. The Office of the Vice President for Academic Affairs, with assistance from the Financial Aid Office, selects and monitors the participants. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Doyle Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 24438 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 4625 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 19813 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 2890 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 8885 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 3186 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 4343 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Brian Bill Golf Tournament | NameOfEvent2 |
| Gross Receipts Event2 | 34900 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 31400 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 3500 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 4688 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 0 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 626 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 4 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 58260 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 6345 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 51915 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 5400 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 1650 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 13358 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 9314 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 4078 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 117598 | GrossReceiptsTotal |
| Charitable Contributions Total | 42370 | CharitableContributionsTotal |
| Gross Revenue Total Events | 75228 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 5400 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 4540 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 26931 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 12500 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 9047 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 58418 | DirectExpenseSummaryEvents |
| Net Income Summary | 16810 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Village of Northfield | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 South Main Street | AddressLine1 |
| City | Northfield | City |
| State | VT | State |
| ZIP Code | 05663 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 036000607 | EINOfRecipient |
| IRC Section | 170(b)(1)(A)(v) | IRCSection |
| Amount Of Cash Grant | 67278 | AmountOfCashGrant |
| Purpose Of Grant | Emergency services donation | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Tuition scholarships for Norwich students | 2559 | 32747737 |
| Hurricane Relief | 39 | 114841 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Virtually all University funded scholarships are tied to the students' grade point average (GPA) or based upon financial need as determined by the Free Application for Federal Student Aid (FAFSA). Annually, the GPA and need are reviewed to determine compliance with the university standard. If a student's GPA falls below the minimum requirement, the scholarship is either removed or reduced by half. Students can appeal to have the scholarship restored if their GPA returns to the required level. Need based scholarships are carried forward each year once the student has completed the FAFSA. The University provides assistance to certain local governmental and not-for-profit organizations that provide critical infrastructural support to the University. The assistance is considered a donation and the University does no further monitoring of the use of the funds. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard Schneider | |||||||||||||
| 390000 | 0 | 100000 | 0 | 182548 | 0 | 24047 | 0 | 34723 | 0 | 731318 | 0 | 0 | 0 |
| Dave Whaley | |||||||||||||
| 163866 | 0 | 500 | 0 | 2208 | 0 | 12383 | 0 | 16914 | 0 | 195871 | 0 | 0 | 0 |
| Lauren Wobby | |||||||||||||
| 115000 | 0 | 500 | 0 | 9079 | 0 | 8784 | 0 | 24564 | 0 | 157927 | 0 | 0 | 0 |
| Guiyou Huang | |||||||||||||
| 169225 | 0 | 500 | 0 | 1508 | 0 | 12779 | 0 | 24769 | 0 | 208781 | 0 | 0 | 0 |
| Frank Vanecek | |||||||||||||
| 155000 | 0 | 500 | 0 | 2064 | 0 | 11717 | 0 | 12201 | 0 | 181482 | 0 | 0 | 0 |
| Philip T Susmann | |||||||||||||
| 166846 | 0 | 500 | 0 | 3168 | 0 | 12999 | 0 | 19533 | 0 | 203046 | 0 | 0 | 0 |
| David Magida | |||||||||||||
| 152916 | 0 | 500 | 0 | 487 | 0 | 11493 | 0 | 16414 | 0 | 181810 | 0 | 0 | 0 |
| Saeed Moaveni | |||||||||||||
| 150230 | 0 | 500 | 0 | 295 | 0 | 10644 | 0 | 11759 | 0 | 173428 | 0 | 0 | 0 |
| Peter Stephenson | |||||||||||||
| 126726 | 0 | 500 | 0 | 19089 | 0 | 1057 | 0 | 11413 | 0 | 158785 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | The President is required to live in a house provided by the University as a condition of employment and for the convenience of the employer. The value of the President's housing in the amount of $22,964 is included in Form 990, Schedule J, Part II, Column D as part of his nontaxable benefit. | |
| Part I, Line 1b | According to the University's written expense reimbursement policy, the University will not reimburse for personal expenses. The University maintains the Presidential residence, including a housekeeper. The wages of the housekeeper attributable to the President's personal use is included in the President's W-2. | |
| Part I, Line 4b | Richard Schneider supplemental non-qualified retirement plan current year benefit of $155,753. | |
| Part III | Mr. Susmann is Norwich University's Vice President for Strategic Partnerships(13 hrs per week) and President of Norwich University Applied Research Institute(NUARI)(27 hour per week). Mr. Susmann is considered a full-time employee of Norwich University and is contracted back to NUARI via a staffing services agreement. During calendar year 2011, NUARI reimbursed Norwich University $131,462 for salary and $43,382 for taxes and fringe benefits for Mr. Susmann's time as their President. Mr. Susmann's compensation, as reported on Schedule J, Part II, includes the reimbursement from NUARI. | Supplemental Information |
| Part III | The President is the sole employee covered by a non-qualified deferred compensation plan under IRC Section 457(f). The value of the President's non-qualified deferred compensation includable in taxable compensation for 2011 is $155,753. | Supplemental Information |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vermont Educational & Health Buildings Financing Agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 237154467 | IssuerEIN |
| CUSIP Number | 924166CK5 | CUSIPNumber |
| Date Issued | 2008-06-11 | DateIssued |
| Issue Price | 78200000 | IssuePrice |
| Description Of Purpose | Construction Financing | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 5400000 | AmountRetired |
| Total Proceeds | 78200000 | TotalProceeds |
| Capitalized Interest | 1356638 | CapitalizedInterest |
| Refunding Escrow | 49986520 | RefundingEscrow |
| Issuance Costs From Proceeds | 490012 | IssuanceCostsFromProceeds |
| Credit Enhancement | 149339 | CreditEnhancement |
| Capital Expenditures | 25017491 | CapitalExpenditures |
| Other Spent Proceeds | 1200000 | OtherSpentProceeds |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 1 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Engage Bond Counsel Contracts | 1 | EngageBondCounselContracts |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.01700 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.01700 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Merrill Lynch | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part III, Line 7 and Part V | Identifier |
| Return Reference | Written Bond Compliance Procedures | ReturnReference |
| Explanation | The University did not have written bond compliance procedures in place for the period covered by this return, however the University has implemented written procedures subsequent to year end but prior to the filing of this return. | Explanation |
Schedule M IRS990ScheduleM
Art Historical Treasures ArtHistoricalTreasures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3891 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 195 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 32 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 539697 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Food & Entertainment | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6378 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Full Text of Norwich University Mission Statement | Part I, Line 1, Part III, Line 1 | Norwich University's mission is to give our youth an education that shall be American in character - to enable them to act as well as to think - to execute as well as to conceive - "to tolerate all opinions when reason is left free to combat them" - to make moral, patriotic, efficient, and useful citizens, and to qualify them for all those high responsibilities resting upon a citizen of this free republic. Norwich's mission statement is unique in higher education. We know exactly who we are, why we are here, and where we are going. We are able to be very specific: The distinctive terms and phrases found in this mission statement provide important clues in understanding the essence of this organization, and ultimately the directions we will seek and the outcomes we will require of our students. The most distinguishing terms are: American in character global in perspective mutual respect service thinking and acting conceiving and executing making moral and patriotic citizens making useful citizens qualifying graduates for responsibilities of a free republic These, as well as other distinguishing outcomes of the Norwich experience are discussed below: American in character means that we teach students to understand and hold dear those values and principles upon which this free republic was established. The American experience was unique and world changing in its development. It was built upon the fundamentals of democracy and the notion that people have inalienable rights. We want our students to know the principles and the events in which these principles manifested which lead up to the great American experiment, the history of our successful journey, and the reasons why the principles manifested in the Bill of Rights, the Constitution, and the Declaration of Independence are worth fighting for. Throughout the entire student experience, both academic and extracurricular, we teach this value and ensure that our students understand its meaning. Global in perspective means that our students should understand that the USA is not alone in this world. The world is a complex place, and civilization and its cultures are constantly evolving. Defining the entire world with American values distorts the reality of a multicultural planet and limits one's perspective on the history of man's journey to the present time. Because America is a leader in the world, and because our students are destined to be leaders in America, we must understand and respect all points of view as part of gaining the wisdom to lead. Throughout the entire student experience, both academic and extracurricular, we teach this value and ensure that our students understand its meaning. Mutual respect, social graces, and politeness. Mutual respect is a cornerstone of civilization and a foundation of academia. It is what initiates a salute; it is what allows two people to appreciate each other for the value that they bring to the relationship, no matter how lasting or temporary the relationship is. It is common human decency, kindness, and a cornerstone of a civil society. Mutual respect turns into lasting friendship. Its successful breeding at Norwich University is a primary reason why people develop close relationships with those they otherwise might not. In addition to mutual respect, Norwich students and graduates are known for their grace in social situations and their politeness. The Norwich environment breeds this characteristic. Throughout the entire student experience, both academic and extracurricular, we teach these values and ensure that our students practice them. Service is an integral part of the Norwich experience. Leaders serve, and we train leaders. We seek to inculcate this value in our students, in part by ensuring that they directly experience it. Experiencing "service to others before self" is a vital part of each students's maturation process. Students take with them from Norwich the expectation that service will be a lifelong commitment. Throughout the entire student experience, both academic and extra-curricular, we teach this value and ensure that our students experience it. |
| New Program Services | Form 990, Part III, line 2 | The University collected donations for and provided disaster relief to members of the University community affected by Hurricane Irene. |
| Form 990, Part VI, Section B, line 11 | The Board of Trustees Audit Committee reviews and comments on the form 990 before it is filed. An electronic copy of form 990 is distributed to all board members before the return is filed. | |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy and affidavit is distributed annually to Board of Trustees. The completed affidavits are returned and reviewed by both the University administration and the Audit Committee of the Board of Trustees for conflicts that could impair the judgement of the individuals. The Audit Committee reports the result of their review to the Full Board during the fall meeting. | |
| Form 990, Part VI, Section B, line 15 | The compensation of officers and senior administrators at Norwich University is set by the President with the advice of the Compensation Committee of the Board of Trustees. The President's compensation is set by the Board of Trustees with the advice of the Compensation Committee. The process used for these decisions follows the guidelines suggested by the IRS for compliance with IRC Section 4958. The primary factor in these determinations is salary benchmarking following the methods used for all staff at the University. Benchmark compensation data is obtained from an annual salary survey of higher education institutions conducted by the College and University Professional Association for Human Resources (CUPA-HR). Norwich University compares to a selected salary cohort from this survey. The current cohort includes all responses from institutions with operating budgets in the range of $50 million to $110 million that offer both undergraduate and graduate degrees. About 230 institutions included in the survey meet these criteria. For all staff at Norwich, a factor based on time in the current job level is applied to the benchmark rate from the salary survey to find an expected market rate for each employee in the current position. Salary increases are proposed to assure that employees are not below a specified percentage of the expected market rate. Currently, the minimum is 89%. In addition to the salary benchmark data, the committee considers performance information on the senior administrators provided by the President, and the results of the performance appraisal of the President conducted by the Board. The Director of Human Resources serves as the staff liaison to the Compensation Committee. The formal charge to the Compensation Committee of the Board is presented below. COMPENSATION COMMITTEE This committee was established in October 2009 based on the work of the Ad Hoc Compensation Committee, which was established on June 10, 2005. The primary purpose of this committee is to ensure that the President and other highly compensated employees are compensated in a way that is consistent with performance, longevity, market equity, and in accordance with current IRS rules and regulations, including the intermediate sanctions under IRC Section 4958. The Committee will review and provide advice to the President on compensation issues for the Officers and Senior Administrators and other highly compensated individuals, review compensation benchmarks and studies done by independent organizations, and use appropriate comparable data prior to making these recommendations to the president. In addition the Committee will make a recommendation to the Full Board on the President's compensation. Documentation of the Board's actions are to be considered confidential and are to remain on file with the Secretary of the Board. Committees should use appropriate IRS provided checklists in their decision making process and deliberations. The Director of Human Resources will be the liaison. | |
| Form 990, Part VI, Section C, line 19 | Norwich University governing documents, financial statements, tax returns and conflict of interest policies are available for review upon request. The Norwich University 990 is available for public review at www.guidestar.org. | |
| NUARI Reimbursement Arrangement | Form 990, Part VII, Section A, Sequence 37 | Mr. Susmann Averages 13 hours per week as the Norwich University Vice President for Strategic Partnerships and 27 hours per week as the NUARI President. Norwich University pays all of Mr. Susmann's wages and reports all his wages on Form W-2. NUARI, a controlled, tax exempt, 501(c)(3) organization, is charged back for the time Mr. Susmann devotes to NUARI. |
| Changes in Net Assets or Fund Balances: | Form 990, Part XI, line 5: | Net unrealized losses on investments: -4,486,602. Related Entity Income 84,365. Bond Administration Fees -795,038. Change in present value of liabilities -23,079. Change in swap valuation -9,918,333. Change in DOE liability estimate -1,628,863. Total to Form 990, Part XI, Line 5: -16,767,550. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Norwich University Applied Research Institutes | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 57 Old Freight Yard | AddressLine1 |
| City | Northfield | City |
| State | VT | State |
| ZIP Code | 05663 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061669185 | EIN |
| Primary Activities | Applied Research to Enhance National Security | PrimaryActivities |
| Legal Domicile State | VT | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 1 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity |
|---|---|---|---|
| Charitable Remainder Annuity Trusts (4) | |||
| Charitable Remainder Annuity Trust | TX | N/A | T |
| Charitable Remainder Unitrust | |||
| Charitable Remaider Unitrust | TX | N/A | T |
| Charitable Remainder Unitrust | |||
| Charitable Remaider Unitrust | NY | N/A | T |
| Charitable Trust | |||
| Charitable Trust | VT | N/A | T |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Norwich University Applied Research Institutes | ||
| N | 174844 | cash |
| Charitable Trust | ||
| R | 268200 | cash |