PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE (EIN 03-0179298)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201301349349306910
- 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 I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T15:01:42-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030179298 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | President and Fellows of Middlebury College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRES | NameControl |
| Phone | 8024435699 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Controllers Office No 230 | AddressLine1 |
| City | Middlebury | City |
| State | VT | State |
| ZIP Code | 05753 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Patrick J Norton | Name |
| Title | VP Finance and Treasurer | Title |
| Phone | 8024435699 | Phone |
| Date Signed | 2013-05-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Ronald D Liebowitz | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Old Chapel Road | AddressLine1 |
| City | Middlebury | City |
| State | VT | State |
| ZIP Code | 05753 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 352772302 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | http://www.middlebury.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1800 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | We are a liberal arts college offering graduate and specialized programs around the world. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4911 | TotalNbrEmployees |
| Total Nbr Volunteers | 2444 | TotalNbrVolunteers |
| Total Gross UBI | -407131 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -2707829 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 47273000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 50890000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 191823687 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 197345593 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 38268589 | InvestmentIncomePriorYear |
| Investment Income Current Year | 43986477 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 128724 | OtherRevenuePriorYear |
| Other Revenue Current Year | 136232 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 277494000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 292358302 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 48755776 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 47727115 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 128263997 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 136472948 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 6214164 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 96733227 | OtherExpensePriorYear |
| Other Expenses Current Year | 101868937 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 273753000 | TotalExpensesPriorYear |
| Total Expenses Current Year | 286069000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3741000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6289302 | RevenuesLessExpensesCY |
| Total Assets BOY | 1442890000 | TotalAssetsBOY |
| Total Assets EOY | 1469585300 | TotalAssetsEOY |
| Total Liabilities BOY | 386751000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 438192542 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1056139000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1031392758 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | None | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 74829000 | Expense |
| Grants | 0 | Grants |
| Revenue | 183192000 | Revenue |
| Description | Instruction represents the expenses for the educational programs. The programs are comprised of students who are full time on the Middlebury campus plus the students who are attending the study abroad and summer programs. A bachelors degree and a masters in language and English are the primary degrees granted. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 43745000 | Expense |
| Grants | 172128 | Grants |
| Revenue | 0 | Revenue |
| Description | Academic Support represents sponsored activities expenses incurred in support of the educational activities for enrolled students. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 78510000 | Expense |
| Grants | 47100052 | Grants |
| Revenue | 0 | Revenue |
| Description | Student services and financial aid represents expenses incurred in the support of the enrolled students. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 39044000 | Expense |
| Grants | 454935 | Grants |
| Revenue | 12981396 | Revenue |
| Description | Auxiliary enterprises represent expenses of dormitories, and the expenses and revenue from recreational facilities and food services. Also included is the grant commitment to support the bridge for the Town of Middlebury. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 39044000 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 454935 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 12981396 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 236128000 | 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 | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | 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 | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | 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 |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 899 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 4911 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | GM | NameOfForeignCountry |
| Name Of Foreign Country | FR | NameOfForeignCountry |
| Name Of Foreign Country | RS | NameOfForeignCountry |
| Name Of Foreign Country | SP | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | IT | NameOfForeignCountry |
| Name Of Foreign Country | JA | NameOfForeignCountry |
| Name Of Foreign Country | CI | NameOfForeignCountry |
| Name Of Foreign Country | EG | NameOfForeignCountry |
| Name Of Foreign Country | AR | NameOfForeignCountry |
| Name Of Foreign Country | AU | NameOfForeignCountry |
| Name Of Foreign Country | CM | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| 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 | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | 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 | 0 | LocalChapters |
| 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 | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | VT | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Patrick J Norton | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8024435699 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Old Chapel | AddressLine1 |
| City | Middlebury | City |
| State | VT | State |
| ZIP Code | 05753 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (43 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Ronald Liebowitz | |||||||||
| President | 40.00 | X | X | 407471 | 0 | 89734 | |||
| Frederick M Fritz | |||||||||
| Chair | 5.00 | X | 0 | 0 | 0 | ||||
| Marna C Whittington | |||||||||
| Vice Chair | 5.00 | X | 0 | 0 | 0 | ||||
| John R Tormondsen | |||||||||
| Vice Chair | 5.00 | X | 0 | 0 | 0 | ||||
| Kendrick R Wilson III | |||||||||
| Vice Chair | 5.00 | X | 0 | 0 | 0 | ||||
| Louis Bacon | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Anthony M Civale | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Charles M Gately | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Jane Rosenthal Horvitz | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Patrick L McConathy | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Michael C Obel-Omia | |||||||||
| Charter Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Kimberly Collins Parizeau | |||||||||
| Charter Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Steven B Peterson | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Elisabeth B Robert | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Deborah G Thomas | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| James Edward Virtue | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Adrian Benepe | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Donald M Elliman Jr | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Ann Williams Jackson | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Susan J Scher | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Jed A Smith | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Linda Foster Whitton | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Allan Dragone Jr | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| David R Mittelman | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Russell J Leng | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Garrett M Moran | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| S Carolyn Ramos | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Amy Geier | |||||||||
| Term Trustee | 1.00 | X | 15000 | 0 | 0 | ||||
| Catherine Lee | |||||||||
| Alumni Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Carol Levitch | |||||||||
| Term Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Patrick J Norton | |||||||||
| Treasurer | 40.00 | X | 236216 | 0 | 163387 | ||||
| David Donahue | |||||||||
| Secretary | 40.00 | X | 139563 | 0 | 87074 | ||||
| Stephanie M Neil | |||||||||
| Asst. Secretary | 40.00 | X | 66327 | 0 | 37634 | ||||
| Michael Geisler | |||||||||
| VPLS Sch Aboard & Graduate Program | 40.00 | 193349 | 0 | 154012 | X | ||||
| Tim Spears | |||||||||
| VP for Administration | 40.00 | 188947 | 0 | 67833 | X | ||||
| Alison Byerly | |||||||||
| Provost and Exec. VP | 40.00 | 210439 | 0 | 83414 | X | ||||
| Sunder Ramaswamy | |||||||||
| President, Monterey | 40.00 | 265001 | 0 | 132161 | X | ||||
| William C Potter | |||||||||
| Director of CNS | 40.00 | 243536 | 0 | 49338 | X | ||||
| Michael Schoenfeld | |||||||||
| SR VP & Chief Philan Advisor | 40.00 | 228805 | 0 | 62961 | X | ||||
| Philip Geier | |||||||||
| Exec. Dir of Davis UWC | 40.00 | 209864 | 0 | 54823 | X | ||||
| John McWilliams | |||||||||
| Professor | 40.00 | 200463 | 0 | 56975 | X | ||||
| John Emerson | |||||||||
| Professor | 40.00 | 195825 | 0 | 61869 | X | ||||
| F Robert Huth | |||||||||
| Former Officer | 40.00 | 855288 | 0 | 47117 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3656094 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1148332 | TotalOtherCompensation |
| Number Individuals GT100 K | 151 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Engelberth Construction Co Inc | |||||
| 463 Mtn View Drive | Colchester | VT | 05446 | Construction | 8430043 |
| Clark Companies | |||||
| PO Box 427 | Delhi | NY | 13753 | Plumbing | 1675284 |
| PC Construction Company | |||||
| 193 Tilley Drive | So Burlington | VT | 05403 | Construction | 1335067 |
| All American Marine | |||||
| 200 Harris Ave | Bellingham | WA | 98225 | Construction | 1193965 |
| Mill Bridge Construction Inc | |||||
| Pulp Mill Bridge Road | Middlebury | VT | 05753 | Construction | 1025226 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 56 | NumberOfContractorsGT100K |
| Government Grants | 8837600 | GovernmentGrants |
| All Other Contributions | 42052400 | AllOtherContributions |
| Noncash Contributions | 12102462 | NoncashContributions |
| Total Contributions | 50890000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Tuition and Fees | 611710 | 183192000 | 183192000 | |
| Snow Bowl | 713990 | 808618 | 362215 | 446403 |
| Golf Course | 713910 | 491656 | 177900 | 313756 |
| 51 Main at the Bridge | 722100 | 367145 | 0 | 367145 |
| Advertising | 541800 | 44893 | 0 | 44893 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12441281 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12441281 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 197345593 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 314477 | TotalRevenueColumn |
| Unrelated Business Revenue | -1631976 | UnrelatedBusinessRevenue |
| Exclusion | $1,946,453 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2911 | TotalRevenueColumn |
| Exclusion | $2,911 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 80673 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 80673 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 80673 | TotalRevenueColumn |
| Exclusion | $80,673 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 104086000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 60414000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 43672000 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43672000 | TotalRevenueColumn |
| Exclusion | $43,672,000 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| Book store sale items | 451211 | 28187 | 28187 |
| Reprographics sale | 323100 | 24461 | 24461 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 52648 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 292358302 | TotalRevenueColumn |
| Related Or Exempt Function Income | 196173396 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -407131 | UnrelatedBusinessRevenue |
| Exclusion | $45,702,037 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 627063 | Total |
| Program Services | 627063 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47100052 | Total |
| Program Services | 47100052 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2221743 | Total |
| Program Services | 377695 | ProgramServices |
| Management And General | 1466351 | ManagementAndGeneral |
| Fundraising | 377697 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133725 | Total |
| Program Services | 67891 | ProgramServices |
| Fundraising | 65834 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101502181 | Total |
| Program Services | 84050819 | ProgramServices |
| Management And General | 14276980 | ManagementAndGeneral |
| Fundraising | 3174382 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10539827 | Total |
| Program Services | 8692790 | ProgramServices |
| Management And General | 1462839 | ManagementAndGeneral |
| Fundraising | 384198 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15423964 | Total |
| Program Services | 12596859 | ProgramServices |
| Management And General | 2335100 | ManagementAndGeneral |
| Fundraising | 492005 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6651508 | Total |
| Program Services | 5387722 | ProgramServices |
| Management And General | 997726 | ManagementAndGeneral |
| Fundraising | 266060 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 464209 | Total |
| Program Services | 20312 | ProgramServices |
| Management And General | 441996 | ManagementAndGeneral |
| Fundraising | 1901 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 295503 | Total |
| Program Services | 53703 | ProgramServices |
| Management And General | 241800 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5319 | Total |
| Management And General | 5319 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3561000 | Total |
| Management And General | 3561000 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 495539 | Total |
| Program Services | 305115 | ProgramServices |
| Management And General | 178279 | ManagementAndGeneral |
| Fundraising | 12145 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1954106 | Total |
| Program Services | 1097604 | ProgramServices |
| Management And General | 618756 | ManagementAndGeneral |
| Fundraising | 237746 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1560018 | Total |
| Program Services | 861407 | ProgramServices |
| Management And General | 697568 | ManagementAndGeneral |
| Fundraising | 1043 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11524494 | Total |
| Program Services | 10501604 | ProgramServices |
| Management And General | 1016903 | ManagementAndGeneral |
| Fundraising | 5987 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6358335 | Total |
| Program Services | 5144952 | ProgramServices |
| Management And General | 769888 | ManagementAndGeneral |
| Fundraising | 443495 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 546316 | Total |
| Program Services | 308149 | ProgramServices |
| Management And General | 221910 | ManagementAndGeneral |
| Fundraising | 16257 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14501999 | Total |
| Program Services | 13412187 | ProgramServices |
| Management And General | 1089812 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21986001 | Total |
| Program Services | 17599148 | ProgramServices |
| Management And General | 4386853 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2142714 | Total |
| Program Services | 1970744 | ProgramServices |
| Management And General | 171970 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Other Contracted Ser. | 10694935 | 6385431 | 4091011 | 218493 |
| Equipment rentals | 4344901 | 3279721 | 1059144 | 6036 |
| Food | 4044512 | 4019223 | 22540 | 2749 |
| Supplies | 4017106 | 3609984 | 392710 | 14412 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13371930 | Total |
| Program Services | 8657825 | ProgramServices |
| Management And General | 4220381 | ManagementAndGeneral |
| Fundraising | 493724 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 286069000 | Total |
| Program Services | 236128000 | ProgramServices |
| Management And General | 43726836 | ManagementAndGeneral |
| Fundraising | 6214164 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20296000 | BOY |
| EOY | 12587780 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6211000 | BOY |
| EOY | 12417684 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33980000 | BOY |
| EOY | 33011919 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7448000 | BOY |
| EOY | 7904757 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123943 | BOY |
| EOY | 47869 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23310000 | BOY |
| EOY | 21650981 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1005000 | BOY |
| EOY | 1046302 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3994000 | BOY |
| EOY | 5957865 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 658598471 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 289901775 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 364336000 | BOY |
| EOY | 368696696 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306816226 | BOY |
| EOY | 317874431 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 643351480 | BOY |
| EOY | 602301731 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5101351 | BOY |
| EOY | 10056400 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26917000 | BOY |
| EOY | 76030885 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1442890000 | BOY |
| EOY | 1469585300 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44781000 | BOY |
| EOY | 41392392 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17175000 | BOY |
| EOY | 18613567 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 287430000 | BOY |
| EOY | 338589970 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37365000 | BOY |
| EOY | 39596613 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 386751000 | BOY |
| EOY | 438192542 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 324200000 | BOY |
| EOY | 303071221 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 444835000 | BOY |
| EOY | 432346054 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 287104000 | BOY |
| EOY | 295975483 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1056139000 | BOY |
| EOY | 1031392758 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1442890000 | BOY |
| EOY | 1469585300 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6289302 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -31035544 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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 | 1 | MailingsMembers |
| Mailings Members | $1 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $400 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $4,918 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 5319 | 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 | The College pays dues to trade associations, some of which may be used for lobbying purposes. The College has a contract with a private company who actively participated in the tax issues involving the proposed effort to tax currently tax-exempt property, the proposed mandatory employee work break bill and other legislative matters in the State of Vermont. The private company received a payment of $5,318 from the College, $400 as compensation paid as lobbyist and the remainer is held as a retainer. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 11877000 | AssetsInPartX |
| 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 |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 978822000 | BeginningOfYearBalance |
| Contributions | 16234000 | Contributions |
| Investment Earnings Or Losses | 9704000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -8315000 | GrantsOrScholarships |
| Other Expenditures | -44109399 | OtherExpenditures |
| Administrative Expenses | -257601 | AdministrativeExpenses |
| End Of Year Balance | 952078000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 870888000 | BeginningOfYearBalance |
| Contributions | 13150000 | Contributions |
| Investment Earnings Or Losses | 169794000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -7701272 | GrantsOrScholarships |
| Other Expenditures | -54243601 | OtherExpenditures |
| Administrative Expenses | -13065127 | AdministrativeExpenses |
| End Of Year Balance | 978822000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 690690591 | BeginningOfYearBalance |
| Contributions | 112640409 | Contributions |
| Investment Earnings Or Losses | 120024378 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -7863643 | GrantsOrScholarships |
| Other Expenditures | -44398357 | OtherExpenditures |
| Administrative Expenses | -205378 | AdministrativeExpenses |
| End Of Year Balance | 870888000 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 872049176 | BeginningOfYearBalance |
| Contributions | 13551367 | Contributions |
| Investment Earnings Or Losses | -135845405 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -7724184 | GrantsOrScholarships |
| Other Expenditures | -51235816 | OtherExpenditures |
| Administrative Expenses | -104547 | AdministrativeExpenses |
| End Of Year Balance | 690690591 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.30210 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.31090 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.38700 | 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 | 51790341 | OtherCostOrOtherBasis |
| Book Value | 51790341 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 514623567 | OtherCostOrOtherBasis |
| Depreciation | 239273520 | Depreciation |
| Book Value | 275350047 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 73572911 | OtherCostOrOtherBasis |
| Depreciation | 50628255 | Depreciation |
| Book Value | 22944656 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18611652 | OtherCostOrOtherBasis |
| Book Value | 18611652 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 368696696 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (11 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Debt Securities | 52667000 | F |
| Various Investments | 15321468 | F |
| Trust Assets | 5416571 | F |
| Life Estates | 1169097 | F |
| Money Market funds | 20666000 | F |
| Alternative equities | 200686000 | F |
| Private Equity Partnerships | 296089000 | F |
| Other Investments | 4878359 | F |
| Real Estate Investments | 1930234 | F |
| Promissory note | 507358 | F |
| Contributions Rec. CRUTS | 2970644 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 602301731 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Interest in perpetual trusts held by others | 23776960 |
| Deposit with bond trustees | 52253925 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 76030885 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Funds held for others | $5,878,652 |
| Annuities and Unitrusts payable | $19,725,774 |
| Refundable Government Loans | $13,992,187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 39596613 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 4: | The Middlebury College Museum of Art is closely linked to the educational mission of Middlebury College and is particularly linked to the department of History of Art and Architecture and the Studio Art program. The Museum strives to acquire works that reflect a variety of artistic and cultural endeavors. The primary goal of the Museum's collecting activities is to develop an eclectic body of representative artifacts that illustrate and interpret artistic expression in diverse forms from a broad range of cultures. The Museum's permanent collection supports the educational goals and cultural enrichment of the academic community. The collection is used to further scholarly research as well as appreciation for works of art, history, and culture of diverse societies. | |
| Part V, Line 4: | The College's endowment consists of donor restricted endowment funds and board-designated funds to function as endowment for a variety of purposes. The College's Board of Trustees approves a distribution of investment return based on the average asset value as determined at the end of the twelve prior calendar quarters. Calculations are performed for individual endowment funds at a rate of 5.0%. The corresponding calculated spending allocations are distributed monthly from the current net total or accumulated net total investment returns for individual endowment funds and are used for scholarships, prizes, professorships, special purposes, and capital projects. | Description of Intended Use of Endowment Funds: |
| Part X: | The audited financial statements do not contain a disclosure for uncertain tax positions under FIN 48. | Description of Uncertain Tax Positions Under FIN 48: |
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 | Published in College Catalogues |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | Students apply for and receive federal financial aid and professors apply for and receive government grants. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (31 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 4 | 4 | Program Service | Studies Abroad | 1513000 |
| Europe | 6 | 216 | Program Service | Studies Abroad | 4728000 |
| Middle East and North Africa | 3 | 23 | Program Service | Studies Abroad | 626000 |
| No.America | 0 | 4 | Program Service | Studies Abroad | 17000 |
| Russia and Newly Independent States | 3 | 15 | Program Service | Studies Abroad | 521000 |
| So.America | 2 | 61 | Program Service | Studies Abroad | 980000 |
| Sub-Saharan Africa | 0 | 0 | Program Service | Studies Abroad | 20000 |
| South Asia | 0 | 0 | Program ServiceProgram Service | Exploratory Visit | 44000 |
| East Asia and the Pacific | 0 | 0 | Conference | 14000 | |
| Europe | 0 | 0 | Conference | 25000 | |
| No.America | 0 | 0 | Conference | 8000 | |
| Central America & the Caribbean | 0 | 0 | Faculty Enrichment Program | 8000 | |
| Europe | 0 | 0 | Faculty Enrichment Program | 85000 | |
| Middle East and North Africa | 0 | 0 | Faculty Enrichment Program | 12000 | |
| No.America | 0 | 0 | Faculty Enrichment Program | 29000 | |
| Russia and Newly Independent States | 0 | 0 | Faculty Enrichment Program | 5000 | |
| South Asia | 0 | 0 | Faculty Enrichment Program | 12000 | |
| Central America & the Caribbean | 0 | 0 | Research | 8000 | |
| East Asia and the Pacific | 0 | 0 | Research | 12000 | |
| Europe | 0 | 0 | Research | 128000 | |
| Middle East and North Africa | 0 | 0 | Research | 27000 | |
| No.America | 0 | 0 | Research | 9000 | |
| Russia and Newly Independent States | 0 | 0 | Research | 15000 | |
| So.America | 0 | 0 | Research | 18000 | |
| South Asia | 0 | 0 | Research | 27000 | |
| Sub-Saharan Africa | 0 | 0 | Research | 26000 | |
| East Asia and the Pacific | 0 | 0 | Fundraising | 16000 | |
| Europe | 0 | 0 | Fundraising | 17000 | |
| So.America | 0 | 0 | Fundraising | 8000 | |
| Central America & the Caribbean | 0 | 0 | Investments | 139000000 | |
| South Asia | 0 | 0 | Conference | 45000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 18 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 323 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 18 | TotalNumberOfOffices |
| Total Number Of Employees | 323 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 8449000 | SubtotalAmountSpent |
| Cont Amount Spent | 139554000 | ContAmountSpent |
| Total Amount Spent | 148003000 | TotalAmountSpent |
| 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 | Method Used to Acccount for Expenditures: | Identifier |
| Explanation | Schedule F, Part I, Line 3: Expenditures are recorded on the accrual basis of accounting. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Purpose Of GrantPurposeOfGrant | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | EIN Of RecipientEINOfRecipient |
|---|---|---|---|---|---|---|---|
| (no name) | |||||||
| Construction of research vessel | |||||||
| (no name) | |||||||
| Quantitative Research | |||||||
| Town of Middlebury | |||||||
| Town Bridge Project | 94 Main Street | Middlebury | VT | 05753 | Town-Middlebury | 454936 | |
| Potomac Theatre Project | |||||||
| Professional theatre company affiliated with Middlebury College | 4 Nedde Lane | Middlebury | VT | 05753 | 501(c)(3) | 31142 | 132960856 |
| Yale University | |||||||
| Environmental Economics Research | 195 Prospect Street | New Haven | CT | 06511 | 501(c)(3) | 24453 | 060646973 |
| Northwestern University | |||||||
| Data Collection and Analysis | 633 Clark Street | Evanston | IL | 60208 | 501(c)(3) | 116532 | 362167817 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 6 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Financial Aid - Scholarships- Reported as non-cash assistance. The assistance is a tuition offset. | TypeOfGrant |
| Number Of Recipients | 2805 | NumberOfRecipients |
| Amount Of Cash Grant | 0 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 47100052 | AmountOfNonCashAssistance |
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: Disbursements in furtherance of the College's exempt programs are made in accordance with procedures or subject to conditions established by the College's governing board designed to ensure that the individuals receiving disbursements from the College are adequately investigated to ensure that they are qualifying recipients. Grant sub-awardees are required to submit A-133 reports which are reviewed by the College's grant accountant. All billings are reviewed and approved by the principal investigator and grant accountant before being paid. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | 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 | 1 | InitialContractException |
| Rebuttable Presumption Procedure | 1 | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ronald Liebowitz | |||||||||||||
| 266068 | 0 | 0 | 0 | 141403 | 0 | 51450 | 0 | 38284 | 0 | 497205 | 0 | 0 | 0 |
| Patrick J Norton | |||||||||||||
| 235302 | 0 | 0 | 0 | 914 | 0 | 138040 | 0 | 25347 | 0 | 399603 | 0 | 0 | 0 |
| David Donahue | |||||||||||||
| 139349 | 0 | 0 | 0 | 214 | 0 | 62615 | 0 | 24459 | 0 | 226637 | 0 | 0 | 0 |
| Michael Geisler | |||||||||||||
| 192058 | 0 | 0 | 0 | 1291 | 0 | 131177 | 0 | 22835 | 0 | 347361 | 0 | 0 | 0 |
| Tim Spears | |||||||||||||
| 188220 | 0 | 0 | 0 | 727 | 0 | 43966 | 0 | 23867 | 0 | 256780 | 0 | 0 | 0 |
| Alison Byerly | |||||||||||||
| 209617 | 0 | 0 | 0 | 822 | 0 | 48755 | 0 | 34659 | 0 | 293853 | 0 | 0 | 0 |
| Sunder Ramaswamy | |||||||||||||
| 264333 | 0 | 0 | 0 | 668 | 0 | 95774 | 0 | 36387 | 0 | 397162 | 0 | 0 | 0 |
| William C Potter | |||||||||||||
| 240855 | 0 | 0 | 0 | 2681 | 0 | 39200 | 0 | 10138 | 0 | 292874 | 0 | 0 | 0 |
| Michael Schoenfeld | |||||||||||||
| 225677 | 0 | 0 | 0 | 3128 | 0 | 50852 | 0 | 12109 | 0 | 291766 | 0 | 0 | 0 |
| Philip Geier | |||||||||||||
| 208230 | 0 | 0 | 0 | 1634 | 0 | 36608 | 0 | 18215 | 0 | 264687 | 0 | 0 | 0 |
| John McWilliams | |||||||||||||
| 196668 | 0 | 0 | 0 | 3795 | 0 | 44478 | 0 | 12497 | 0 | 257438 | 0 | 0 | 0 |
| John Emerson | |||||||||||||
| 191864 | 0 | 0 | 0 | 3961 | 0 | 44255 | 0 | 17614 | 0 | 257694 | 0 | 0 | 0 |
| F Robert Huth | |||||||||||||
| 173361 | 0 | 0 | 0 | 681927 | 0 | 38151 | 0 | 8966 | 0 | 902405 | 0 | 232479 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | The Board of Trustees has approved first-class travel in certain situations. In rare cases, the College reimburses an employee traveling on behalf of the college, for the travel and related expenses of a companion (spouse, partner, or child). These reimbursements are reported as a taxable benefit. The College reimburses the President for the business use of personal residence on a per diem basis when used for College business. In rare cases, the College uses gross-up payments to minimize the tax burden to an employee who takes on an assignment on behalf of the college that results in additional taxable income. The additional taxable income usually occurs through imputed income for housing and related expenses. In rare cases, the College provides a residence for personal use by an employee other than the President for the convenience of the employer. As a condition of employment the College provides the President with a residence for the convenience of the employer. The President is a member of the University Club as the College President and uses the club for business purposes. College Advancement and other College offices use the membership for business purposes as well. All invoices for services are addressed to the College address and paid for by the College. In rare cases, the College provides services for personal benefit in the form of a child care provider, financial planner, etc., all of which are taxable income to the listed person. The President's initial employment contract includes provisions governing the following: term of the contract, renewal/extension, duties, compensation, benefits/reimbursements, evaluation process of the president, termination, office and residence expenses, and sabbatical leave. The start date of the initial contract was July 1, 2006 with an end date of June 30, 2011. Subsequently, the President of the College has executed an extension to his initial contract. | |
| Part I, Lines 4a-b | Part I, Line 4b: The College President, the Vice President for Finance and Treasurer, the Vice President for the Language Schools and Professor, the Special Assistant to the President, and the President of the Monterey campus, all participate in a supplemental nonqualified retirement plan which is contingent upon services. Contributions to the plan were $0, $86,590, $86,590, $44,324 and $44,324, respectively. Former officer F.Robert Huth's contract ended and was paid out the total of $680,822 from his deferred compensation plan. Deferred compensation includes pretax contributions to the voluntary retirement plan, contributions to the College's non-qualified tax advantaged deferred-compensation retirement plan (457 plan), and College contributions to the core retirement plan on the behalf of the employee. | |
| Part I, Line 8 | The President has executed and extension to his initial contract. | |
| Part III | Part I, Line 3. The Compensation Committee consists of the Chair, Vice Chair(s) and one Trustee appointed by the Chair. The Committee establishes goals for the President and the annual performance appraisal process. The Committee reviews and sets total compensation for the President of the College as well as reviews and comments on compensation and contracts for other senior officers of the College. The Committee is authorized to engage legal counsel and compensation consultants as appropriate. The Compensation Committee normally meets in late June to complete the presidential assessment for the current year and goals for the following year. The Treasurer reviews with the Committee the IRS Form 990. The Treasurer reviews with the Committee compensation comparables prepared by an independent third party compensation consultant. The President provides to the Committee performance reviews of senior adminstrators reporting to him. Part II, Column (D) Nontaxable benefits include, but are not limited to, nontaxable housing, flexible spending accounts, tuition reimbursement program, medical and dental insurance, workman's compensation insurance, life insurance, disability insurance, and unemployment insurance. | Supplemental Information |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| VEHBFA (Series 2006A) | |||||||
| 237154467 | 924166AB7 | 2006-10-31 | 36694278 | construction | 0 | 0 | 0 |
| VEHBFA (Series 2010) | |||||||
| 237154467 | 924166DH1 | 2010-11-01 | 101791989 | refunding (Series 1988A;2002B;2008) | 0 | 0 | 0 |
| VEHBFA (Series 2009) | |||||||
| 237154467 | 924166DG3 | 2010-01-14 | 62014213 | refunding (Series 1999) | 0 | 0 | 0 |
| VEHBFA (Series2012A) | |||||||
| 237154467 | 924166EA5 | 2012-04-10 | 53009186 | advanced refunding (Series 2002A) | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Other Spent ProceedsOtherSpentProceeds | Refunding EscrowRefundingEscrow |
|---|---|---|---|---|---|---|---|---|---|---|
| 179814 | 36694278 | 331049 | 36363229 | 2008 | 0 | 0 | 1 | 1 | ||
| 375388 | 101791989 | 817182 | 1999 | 1 | 0 | 1 | 1 | 100974807 | ||
| 215963 | 62014213 | 605880 | 2002 | 1 | 0 | 1 | 1 | 61408333 | ||
| 83310 | 53009186 | 597415 | 2012 | 0 | 1 | 0 | 1 | 52411771 | 51209940 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00010 | 0.00010 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Sunder Ramaswamy | NamePerson |
| Purpose Of Loan | Second Mortgage | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $67,671 | OriginalPrincipalAmount |
| Balance Due | 47869 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 47869 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Jessica Liebowitz | |||
| Spouse of Officer | 65834 | Employee | 0 |
| Jane Schoenfeld | |||
| Spouse-HCE | 68243 | Employee | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 17999 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 135 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 7326092 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 4700000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal Rmndr Int. | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Miscellaneous items | Description |
| Number Of Contributions | 60 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 58371 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 4 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Method for Determining Number of Contributors: | Part I, Column (b): | We are reporting the number of contributions based on the number of contributors. |
| Third Party Use: | Part I, Line 32b: | The College will sell from time to time noncash items, other than securities, at local auction houses. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 1 | The College has an executive committee who has broad authority to act on behalf of the Board of Trustees. The executive committee is comprised of trustees who are currently serving on the governing Board of Trustees. | |
| Form 990, Part VI, Section B, line 11 | The return is prepared by Management and reviewed with Tax Counsel. Management presents the Form 990 to the Audit Committee for a detailed review. Once the Audit Committee has completed their review, management provides the return to the full Board of Trustees. The full board receives the Form 990 before it is filed with the IRS. The Form 990 is posted in the electronic board book and trustees are notified when the return is available. The return is given to the full board as it is filed with the exception of the names of anonymous donors on schedule B. | |
| Form 990, Part VI, Section B, line 12c | The College has a written conflict of interest policy. Each member of the Board of Trustees or an Advisory Board is given the written policy and is requested to review and understand the terms of the policy and to immediately disclose any possible financial, personal, familial, or business relationship that may give rise to a conflict. Each Trustee completes an annual disclosure form. The disclosure forms are reviewed annually by Management and the Audit Committee Chair. | |
| Form 990, Part VI, Section B, line 15 | The College has a formal compensation committee who reviews and recommends to the full board the compensation for the top management officials. | |
| Form 990, Part VI, Section C, line 19 | The College has made the annual audited financial statements available to the general public by posting the statements on the website of Middlebury College. The College will also provide copies upon request and copies are available in the financial offices. The conflict of interest policy is also posted on the website. | |
| Form 990, Part XI, line 5: | Net unrealized losses on investments: -29,156,302. Change in deferred gifts -1,880,694. rounding 1,452. Total to Form 990, Part XI, Line 5: -31,035,544. | Changes in Net Assets or Fund Balances: |
| Part XII, Line 2c: The College has not changed its oversight process or selection process. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| The President and Friends of Middlebury College | ||||||||||
| 84 S Service Road | Middlebury | VT | 05753 | 030285938 | Promoting the educational purpose of running dining events and eateries | VT | 501(c)(3) | 9 | President and Fellows of Middlebury College | 0 |
| International Philanthropy of Middlebury College | ||||||||||
| 84 S Service Road | Middlebury | VT | 05753 | 030367538 | Scholarships provided to students per donee's intentions | VT | 501(c)(3) | 7 | President and Fellows of Middlebury College | 0 |
| Delineation Corporation | ||||||||||
| 84 S Service Road | Middlebury | VT | 05753 | 237259519 | To receive or purchase real and personal property for the benefit of MC. | VT | 501(c)(2) | President and Fellows of Middlebury College | 0 | |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Middlebury Interactive Languages LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1682 West 820 North | AddressLine1 |
| City | Provo | City |
| State | UT | State |
| ZIP Code | 84601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272357942 | EIN |
| Primary Activity | Foreign Language Instruction | PrimaryActivity |
| Legal Domicile State | DE | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | K12 Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Related | PredominantIncomeType |
| Share Of Total Income | -1451656 | ShareOfTotalIncome |
| Share Of EOY Assets | 11697645 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
| Percentage Ownership | 0.40000 | PercentageOwnership |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity |
|---|---|---|---|---|---|---|---|
| Charitable remainder trust (60) | |||||||
| see Part VII note for Col CFG | Middlebury | VT | 05753 | Investment Support | VT | N/A | T |
| Charitable lead trust (4) | |||||||
| see Part VII note for Col CFG | Middlebury | VT | 05753 | Investment Support | VT | N/A | T |
| Pooled income fund (1) | |||||||
| Middlebury College | Middlebury | VT | 05753 | Investment Support | VT | N/A | T |
| Life income fund (2) | |||||||
| Middlebury College | Middlebury | VT | 05753 | Investment Support | VT | 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 | 1 | 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 | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| President and Friends of Middlebury College | ||
| D | 10726593 | FMV |
| Delineation Corporation | ||
| D | 17026333 | FMV |
| Charitable Remainder Unitrust (1) | ||
| R | 74215 | FMV |
| Pooled Income Funds (5) | ||
| R | 100400 | FMV |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Schedule R; Part IV; Column C, F, and G Legal Domicile Column C includes VT, MA, NY, DE, and CA Column F and G are N/A | Explanation |