SAINT MICHAELS COLLEGE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SAINT MICHAELS COLLEGE (EIN 03-0179403)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-13
IRS object ID: 201321339349300992
Schema version: 2011v1.5
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 L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-13T13:34:22-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

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	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	030179403	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SAINT MICHAEL'S COLLEGE	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% SHIRLEY GOODELL-LACKEY	InCareOfName
Name Control	STMI	NameControl
Phone	8026542586	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK BOX 274	AddressLine1
City	COLCHESTER	City
State	VT	State
ZIP Code	05439	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	NEAL E ROBINSON	Name
Title	VP FINANCE	Title
Date Signed	2013-05-10	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	6179881000	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	NEAL E ROBINSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK BOX 274	AddressLine1
City	COLCHESTER	City
State	VT	State
ZIP Code	05439	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	114886855	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	0928	GroupExemptionNumber
Organization501c3	X	Organization501c3
Web Site	WWW.SMCVT.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1913	YearFormation
State Legal Domicile	VT	StateLegalDomicile
Activity Or Mission Description	IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	29	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	27	NbrIndependentVotingMembers
Total Nbr Employees	2083	TotalNbrEmployees
Total Nbr Volunteers	1596	TotalNbrVolunteers
Total Gross UBI	76151	TotalGrossUBI
Net Unrelated Business Txbl Income	-26979	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	5037830	ContributionsGrantsPriorYear
Contributions Grants Current Year	6853068	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	91828277	ProgramServiceRevenuePriorYear
Program Service Revenue CY	97152264	ProgramServiceRevenueCY
Investment Income Prior Year	2623401	InvestmentIncomePriorYear
Investment Income Current Year	510371	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1323099	OtherRevenuePriorYear
Other Revenue Current Year	762062	OtherRevenueCurrentYear
Total Revenue Prior Year	100812607	TotalRevenuePriorYear
Total Revenue Current Year	105277765	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	25377966	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	29047065	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	39688298	SalariesEtcPriorYear
Salaries Etc Current Year	41489126	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	2109473	TotalFundrsngExpCurrentYear
Other Expense Prior Year	32623305	OtherExpensePriorYear
Other Expenses Current Year	33563702	OtherExpensesCurrentYear
Total Expenses Prior Year	97689569	TotalExpensesPriorYear
Total Expenses Current Year	104099893	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3123038	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1177872	RevenuesLessExpensesCY
Total Assets BOY	168246990	TotalAssetsBOY
Total Assets EOY	191735079	TotalAssetsEOY
Total Liabilities BOY	46829783	TotalLiabilitiesBOY
Total Liabilities EOY	71395320	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	121417207	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	120339759	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	59394819	Expense
Grants	29047065	Grants
Revenue	76470601	Revenue
Description	ACADEMIC PROGRAM AND FINANCIAL SUPPORT, SEE SCHEDULE O	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	20013367	Expense
Revenue	20681663	Revenue
Description	AUXILIARY ENTERPRISES, SEE SCHEDULE O	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	10645804	Expense
Description	STUDENT SERVICES, SEE SCHEDULE O	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	2187568	TotalOfOtherProgramServiceExp
Total Program Service Expense	92241558	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	true	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	true	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	true	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	true	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	true	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	true	RelatedOrgControlledEntity
Transaction Related Entity	true	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	5225	NumberFormsTransmittedWith1096
Number W2 G Included	1	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2083	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	true	ForeignFinancialAccount
Name Of Foreign Country	EI	NameOfForeignCountry
Name Of Foreign Country	CJ	NameOfForeignCountry
Name Of Foreign Country	UC	NameOfForeignCountry
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	29	NbrVotingGoverningBodyMembers
Number Independent Voting Members	27	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	VT	StatesWhereCopyOfReturnIsFiled
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	SHIRLEY GOODELL-LACKEY	NamePerson
Telephone Number	8026542586	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK	AddressLine1
City	COLCHESTER	City
State	VT	State
ZIP Code	05439	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (41 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
WILLIAM H GALLAGHER
CHAIR, BOARD OF TRUSTEES	2.0	X	0	0	0
DR SULTAN AHAMED
TRUSTEE	1.0	X	0	0	0
SR PEG ALBERT OP PHD
TRUSTEE	1.0	X	0	0	0
SR LORRAINE AUCOIN PM
TRUSTEE	1.0	X	0	0	0
JOHN J BERGERON
TRUSTEE	1.0	X	0	0	0
LAWRENCE J BLANFORD
TRUSTEE	1.0	X	0	0	0
PATRICIA A CASEY
TRUSTEE	2.0	X	0	0	0
PHILIP C CIULLA JR
TRUSTEE	4.0	X	0	0	0
REV DAVID G CRAY SEE
TRUSTEE	2.0	X	0	0	0
VERY REV MICHAEL CRONOGUE SSE
TRUSTEE	8.0	X	0	0	0
DONALD R DION JR
TRUSTEE	1.0	X	0	0	0
MARK J DORAN
TRUSTEE	1.0	X	0	0	0
MICHELE S GATTO
TRUSTEE	1.0	X	0	0	0
GERARD J GOULD
TRUSTEE	1.0	X	0	0	0
REV THOMAS FX HOAR SSE
TRUSTEE	2.0	X	0	0	0
R ALAN HUNTER JR
TRUSTEE	2.0	X	0	0	0
REV MICHAEL P JACQUES SSE
TRUSTEE	1.0	X	0	0	0
NORIKO KAMEDA
TRUSTEE	1.0	X	0	0	0
SR JACQUELINE MARIE KIESLICH RSM
TRUSTEE	1.0	X	0	0	0
REV MSGR JOHN J MCDERMOTT
TRUSTEE	1.0	X	0	0	0
MICHAEL E MCGRATH
TRUSTEE	3.0	X	0	0	0
REV RICHARD M MYHALYK SSE
TRUSTEE	1.0	X	0	0	0
DR CELENE R PAQUETTE
TRUSTEE	1.0	X	0	0	0
ERNEST A POMERLEAU
TRUSTEE	1.0	X	0	0	0
REV MARCEL R RAINVILLE SSE
TRUSTEE	1.0	X	0	0	0
BARRY D ROY
TRUSTEE	4.0	X	0	0	0
REV DAVID J THEROUX SSE
TRUSTEE	1.0	X	15840	0	0
DR PEGGY R WILLIAMS
TRUSTEE	1.0	X	0	0	0
DR JOHN J NEUHAUSER
PRESIDENT	40.0	X	373732	0	89272	X
NEAL E ROBINSON
VP FINANCE, TREASURER OF BOARD	40.0		180015	0	24028	X
MARILYN E CORMIER
SECRETARY OF THE BOARD	40.0		82452	0	37033	X
MICHAEL J NEW
VP HUMAN RESOURCES	40.0		138290	0	15640		X
KAREN A TALENTINO
VP ACADMIC AFFAIRS	40.0		175902	0	24499		X
JERRY E FLANAGAN
VP ADMISSIONS	40.0		129985	0	41992		X
MICHAEL D SAMARA
VP DEAN OF STUDENTS	40.0		132690	0	20664		X
PATRICK J GALLIVAN
VP INSTITUTIONAL ADVANCEMENT	40.0		137756	0	15537		X
WILLIAM O ANDERSON
TECHNOLOGY OFFICER	40.0		249888	0	54807			X
PAUL J LECLAIR
FINE ARTS PROFESSOR	40.0		175779	0	3752			X
ANNE MCCONNELL PEASE
MODERN LANGUAGES PROFESSOR	40.0		166744	0	6264			X
THOMAS B ANDERSEN
HISTORY PROFESSOR	40.0		140703	0	8372			X
GREGG NIXON BLASDEL
FINE ARTS PROFESSOR	40.0		125418	0	7998			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2225194	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	349858	TotalOtherCompensation
Number Individuals GT100 K	33	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
FREEMAN FRENCH FREEMAN INC
81 MAPLE STREET	BURLINGTON	VT	05401	ARCHITECTS	712692
ACSYS INC
6 EXECUTIVE DRIVE SUITE 106	FARMINGTON	CT	06032	WEBSITE DEVELOPMENT	312346
ROYALL COMPANY
1920 EAST PARHAM ROAD	RICHMOND	VA	23228	RECRUIT CONSULANTANT	294040
CONNECTICUT GENERAL LIFE INSURANCE
900 GROVE ROAD	BLOOMFIELD	CT	06002	HEALTH INSUR. ADMIN	217642
COMPETITIVE COMPUTING INC
354 MOUNTAIN VIEW DRIVE	COLCHESTER	VT	05446	IT CONSULTANTS	170272

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	8	NumberOfContractorsGT100K
Fundraising Events	32114	FundraisingEvents
Government Grants	2203846	GovernmentGrants
All Other Contributions	4617108	AllOtherContributions
Noncash Contributions	92192	NoncashContributions
Total Contributions	6853068	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount	Unrelated Business RevenueUnrelatedBusinessRevenue
TUITON AND FEES	611710	76470601	76470601
RESIDENCE AND DINING	721310	16617697	16617697
BOOKSTORE	451211	1377481		$1,377,481
CONFERENCE CENTER	531390	278108		$194,067	84041
SMC PLAYHOUSE	713940	432922	432922

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1975455	TotalRevenueColumn
Related Or Exempt Function Income	1975455	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	97152264	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	629643	TotalRevenueColumn
Unrelated Business Revenue	-7890	UnrelatedBusinessRevenue
Exclusion	$637,533	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

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

Royalties Revenue RoyaltiesRevenue

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

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	415815	Real
Personal	0	Personal

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	415815	Real
Personal	0	Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	415815	TotalRevenueColumn
Exclusion	$415,815	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	9421345	Securities
Other	33564	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	9414053	Securities
Other	160128	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	7292	Securities
Other	-126564	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-119272	TotalRevenueColumn
Exclusion	-$119,272	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	39725	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	32114	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	32659	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	7066	TotalRevenueColumn
Exclusion	$7,066	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Gaming	64064	GrossIncomeGaming
Gaming Direct Expenses	2250	GamingDirectExpenses

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	61814	TotalRevenueColumn
Exclusion	$61,814	ExclusionAmount

Net Income Or Loss NetIncomeOrLoss

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

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER OPERATING INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	277367	TotalRevenueColumn
Exclusion	$277,367	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	277367	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	105277765	TotalRevenueColumn
Related Or Exempt Function Income	95496675	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	76151	UnrelatedBusinessRevenue
Exclusion	$2,851,871	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	20000	Total
Program Services	20000	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	28155517	Total
Program Services	28155517	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	871548	Total
Program Services	871548	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1683479	Total
Program Services	561273	ProgramServices
Management And General	866250	ManagementAndGeneral
Fundraising	255956	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	29122490	Total
Program Services	24832006	ProgramServices
Management And General	3317698	ManagementAndGeneral
Fundraising	972786	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	2254794	Total
Program Services	1964373	ProgramServices
Management And General	199081	ManagementAndGeneral
Fundraising	91340	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	6217146	Total
Program Services	5313656	ProgramServices
Management And General	714776	ManagementAndGeneral
Fundraising	188714	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	2211217	Total
Program Services	1832637	ProgramServices
Management And General	292551	ManagementAndGeneral
Fundraising	86029	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	81613	Total
Management And General	81613	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	129650	Total
Management And General	129650	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	420	Total
Management And General	420	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	8866487	Total
Program Services	5760819	ProgramServices
Management And General	2715902	ManagementAndGeneral
Fundraising	389766	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	5170048	Total
Program Services	4765614	ProgramServices
Management And General	404434	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	2299754	Total
Program Services	1790501	ProgramServices
Management And General	384371	ManagementAndGeneral
Fundraising	124882	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	1396856	Total
Program Services	1351942	ProgramServices
Management And General	44914	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	6984825	Total
Program Services	6387623	ProgramServices
Management And General	597202	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	0	Total

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
RESALE ITEMS	5577619	5577619
LIBRARY ACQUISITIONS	763253	763253
STUDY ABROAD EXPENDITURES	2293177	2293177

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	104099893	Total
Program Services	92241558	ProgramServices
Management And General	9748862	ManagementAndGeneral
Fundraising	2109473	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	7107374	BOY
EOY	7592795	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	1740473	BOY
EOY	1738093	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1015115	BOY
EOY	1088123	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	5477625	BOY
EOY	5336547	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	460215	BOY
EOY	458778	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1992739	BOY
EOY	1727916	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	166257099	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	94212054	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	71704566	BOY
EOY	72045045	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	13785141	BOY
EOY	13995625	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	64311155	BOY
EOY	87018834	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	652587	BOY
EOY	733323	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	168246990	BOY
EOY	191735079	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	4730570	BOY
EOY	7817505	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	1841546	BOY
EOY	1974456	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	27911099	BOY
EOY	50990332	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	334338	BOY
EOY	169421	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	12012230	BOY
EOY	10443606	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	46829783	BOY
EOY	71395320	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	78446489	BOY
EOY	76395983	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	14902017	BOY
EOY	14499685	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	28068701	BOY
EOY	29444091	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	121417207	BOY
EOY	120339759	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	168246990	BOY
EOY	191735079	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	1177872	ReconcilationRevenueExpenses
Reconcilation Other Changes	-2255320	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

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

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

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

Contributor Name Business ContributorNameBusiness

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

Contributor Address US ContributorAddressUS

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

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

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Total Grassroots Lobbying		TotalGrassrootsLobbying
Total Direct Lobbying		TotalDirectLobbying
Total Lobbying Expenditures		TotalLobbyingExpenditures
Other Exempt Purpose Expenditures		OtherExemptPurposeExpenditures
Total Exempt Purpose Expenditures		TotalExemptPurposeExpenditures
Lobbying Nontaxable		LobbyingNontaxableAmount
Grassroots Nontaxable		GrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non Tx		TotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying Nontx		TotLobbyExpendMnsLobbyingNontx
Volunteers	false	Volunteers
Paid Staff Or Management	false	PaidStaffOrManagement
Media Advertisements	false	MediaAdvertisements
Mailings Members	false	MailingsMembers
Publications Or Broadcast	false	PublicationsOrBroadcast
Grants Other Organizations	true	GrantsOtherOrganizations
Grants Other Organizations	$420	GrantsOtherOrganizationsAmount
Direct Contact Legislators	false	DirectContactLegislators
Rallies Demonstrations	false	RalliesDemonstrations
Other Activities	false	OtherActivities
Total Lobbying Expenditures IIB	420	TotalLobbyingExpendituresIIB
Not Described In501c3	false	NotDescribedIn501c3
Form4720 Filed4912 Tax	false	Form4720Filed4912Tax

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES	Identifier
Return Reference	PART II-B, LINE 1F	ReturnReference
Explanation	THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORMS SERVING THE INTERESTS OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $15,607. APPROXIMATELY $420 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING.	Explanation

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	71231474	BeginningOfYearBalance
Contributions	2697110	Contributions
Investment Earnings Or Losses	-1267356	InvestmentEarningsOrLosses
Grants Or Scholarships	1790702	GrantsOrScholarships
Other Expenditures	755660	OtherExpenditures
Administrative Expenses	396138	AdministrativeExpenses
End Of Year Balance	69718728	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	58518913	BeginningOfYearBalance
Contributions	2518415	Contributions
Investment Earnings Or Losses	13012809	InvestmentEarningsOrLosses
Grants Or Scholarships	1682667	GrantsOrScholarships
Other Expenditures	792283	OtherExpenditures
Administrative Expenses	343713	AdministrativeExpenses
End Of Year Balance	71231474	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	55196338	BeginningOfYearBalance
Contributions	494093	Contributions
Investment Earnings Or Losses	5881858	InvestmentEarningsOrLosses
Grants Or Scholarships	1850593	GrantsOrScholarships
Other Expenditures	899595	OtherExpenditures
Administrative Expenses	303188	AdministrativeExpenses
End Of Year Balance	58518913	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	73084203	BeginningOfYearBalance
Contributions	1279814	Contributions
Investment Earnings Or Losses	-15818576	InvestmentEarningsOrLosses
Grants Or Scholarships	2546083	GrantsOrScholarships
Other Expenditures	508567	OtherExpenditures
Administrative Expenses	294453	AdministrativeExpenses
End Of Year Balance	55196338	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.43000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.42000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.15000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2335261	OtherCostOrOtherBasis
Book Value	2335261	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	118853210	OtherCostOrOtherBasis
Depreciation	64564127	Depreciation
Book Value	54289083	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	35531842	OtherCostOrOtherBasis
Depreciation	26440950	Depreciation
Book Value	9090892	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9536786	OtherCostOrOtherBasis
Depreciation	3206977	Depreciation
Book Value	6329809	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	72045045	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives
Closely Held Equity Interests		CloselyHeldEquityInterests

Other Securities OtherSecurities (8 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
CASH EQUIVALENTS	1738461	F
DOMESTIC EQUITIES INDEX FUND	4953505	F
GLOBAL EQUITIES MUTUAL FUNDS	28954952	F
HEDGE FUND-OF-FUNDS & P.E.	15681250	F
DEPOSITS WITH BOND TRUSTEES	28694002	F
DIRECT HEDGE FUND	4495678	F
SUBORDINATED DEBT	2148007	F
REAL ESTATE	352979	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	87018834	TotalOfBookValueSecurities
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
OTHER LIABILITIES	$3,081,895
AMTS HELD ON BEHALF OF OTHERS	$2,130,187
REFUNDABLE ADVANCES	$4,208,540
ANNUITY OBLIGATION	$121,532
CAPITAL LEASE OBLIGATIONS	$901,452

Field	Value	IRS element (for citing)
Total Of Amounts	10443606	TotalOfAmounts
Total Revenue	105277765	TotalRevenue
Total Expenses	104099893	TotalExpenses
Excess Or Deficit For Year	1177872	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-2193506	NetUnrealizedGLOnInvestments
Other	-$61,814	OtherAmount
Total Adjustments	-2255320	TotalAdjustments
Excess Or Deficit Per FS	-1077448	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	74042109	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-2193506	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-2193506	RevenueNotRptdF990
Revenue Subtotal	76235615	RevenueSubtotal
Other Revenues Not Included	29042150	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	29042150	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	105277765	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	75119557	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	32659	OtherExpensesIncluded
Expenses Not Rptd F990	32659	ExpensesNotRptdF990
Expenses Subtotal	75086898	ExpensesSubtotal
Other Expenses Not Included	29012995	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	29012995	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	104099893	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ENDOWMENT FUNDS	PART V, LINE 4	THE PRIMARY USE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT OUR STUDENTS IN THEIR PURSUIT OF HIGHER EDUCATION THROUGH SCHOLARSHIP ASSISTANCE, RESEARCH AND STUDY ABROAD OPPORTUNITIES, SERVICE LEARNING, STUDENT SERVICES AND LECTURES SERIES. IN A FEW INSTANCES, ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO SUPPORT LIBRARY ACQUISITIONS, DEPARTMENT CHAIRS AND DEFERRED MAINTENANCE ON BUILDINGS PREVIOUSLY FUNDED BY DONORS.
UNCERTAIN TAX POSITIONS	PART X, LINE 2	THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
RECONCILIATION OF CHANGE IN NET ASSETS	PART XI, LINE 8	ATHLETICS SUPER RAFFLE PROCEEDS $ (61,814)
OTHER REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS	PART XII, LINE 4B	ATHLETICS SUPER RAFFLE PROCEEDS $ 61,814 STUDENT FINANCIAL AID $ 29,012,995 SPECIAL EVENTS EXPENSES $ (32,659) ----------------- TOTAL $ 29,042,150
OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN	PART XIII, LINE 2D	SPECIAL EVENTS EXPENSES $ 32,659
OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS	PART XIII, LINE 4B	STUDENT FINANCIAL AID $ 29,012,995

Schedule E IRS990ScheduleE

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

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
NONDISCRIMINATION POLICY	PART I, LINE 3	The College includes its racially nondiscriminatory policy in its bylaws, Employee Handbook, graduate and undergraduate catalogs, Student Code of Conduct and College Policy Handbook, Faculty Regulations, on our application supplement, under facts about the College on its website, and within the NEASC Self Study document for Reaccreditation. The College also values diversity and has a Board of Trustees approved policy which is also contained within many of these documents.
GRANTS FROM GOVERNMENT AGENCIES	PART I, LINE 6A	SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	true	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (26 entries)

RegionRegion	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Central America and the Caribbean	0	Program Services	SHORT-TERM PROGRAM	29131
Europe (Including Iceland and Greenland)	0	Program Services	SHORT-TERM PROGRAM	64992
South America	0	Program Services	SHORT-TERM PROGRAM	14684
South Asia	0	Program Services	SHORT-TERM PROGRAM	24158
Central America and the Caribbean	0	Program Services	SERVICE - DONATION	7070
South Asia	0	Program Services	SERVICE - DONATION	7000
Central America and the Caribbean	0	Program Services	RECRUITING	228
Europe (Including Iceland and Greenland)	0	Program Services	RECRUITING	19208
South America	0	Program Services	RECRUITING	6009
East Asia and the Pacific	0	Program Services	RECRUITING	3596
North America	0	Program Services	RECRUITING	5634
East Asia and the Pacific	7		AGENT	87384
Europe (Including Iceland and Greenland)	1		AGENT	4019
South America	2		AGENT	10614
Middle East and North Africa	1		AGENT	730
Central America and the Caribbean	0	Program Services	STUDY ABROAD	97634
East Asia and the Pacific	0	Program Services	STUDY ABROAD	608181
Europe (Including Iceland and Greenland)	0	Program Services	STUDY ABROAD	1580924
Russia and the Newly Independent States	0	Program Services	STUDY ABROAD	26090
South America	0	Program Services	STUDY ABROAD	114710
South Asia	0	Program Services	STUDY ABROAD	95170
Sub-Saharan Africa	0	Program Services	STUDY ABROAD	230717
South Asia	0	Program Services	SERVICE TRIP	28353
Central America and the Caribbean	0	Program Services	SERVICE TRIP	2076
Central America and the Caribbean	0	Investments		6739712
Europe (Including Iceland and Greenland)	0	Investments		11889426

Field	Value	IRS element (for citing)
Subtotal Number Of Offices	0	SubtotalNumberOfOffices
Subtotal Number Of Employees	11	SubtotalNumberOfEmployees
Cont Number Of Offices	0	ContNumberOfOffices
Cont Number Of Employees	0	ContNumberOfEmployees
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	11	TotalNumberOfEmployees
Subtotal Amount Spent	990272	SubtotalAmountSpent
Cont Amount Spent	20707178	ContAmountSpent
Total Amount Spent	21697450	TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS (2 entries)

RegionRegion	Purpose Of GrantPurposeOfGrant	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement
South Asia	GENERAL SUPPORT	7000	WIRE
Cent. America/Caribbean	GENERAL SUPPORT	7070	CHECK

Field	Value	IRS element (for citing)
Total Number Of501c3 Orgs	2	TotalNumberOf501c3Orgs
Total Number Of Other Orgs	0	TotalNumberOfOtherOrgs

Grants To Ind Outside US GrantsToIndOutsideUS (7 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement
STUDENT SCHOLARSHIPS	Cent. America/Caribbean	4	27543	STUDENT A/C
STUDENT SCHOLARSHIPS	East Asia/Pacific	22	178610	STUDENT A/C
STUDENT SCHOLARSHIPS	Europe/Iceland/Greenland	57	480520	STUDENT A/C
STUDENT SCHOLARSHIPS	Russia	1	14700	STUDENT A/C
STUDENT SCHOLARSHIPS	South America	5	40480	STUDENT A/C
STUDENT SCHOLARSHIPS	South Asia	4	42625	STUDENT A/C
STUDENT SCHOLARSHIPS	Sub-Saharan Africa	10	73000	STUDENT A/C

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	true	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	true	PassiveForeignInvestCo
Foreign Partnership	true	ForeignPartnership
Boycott Countries	true	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ACTIVITIES OUTSIDE THE UNITED STATES	PART I, LINE 3	Short-Term Programs Saint Michael's College international short-term programs are an important and creative way for faculty and students to expand the boundaries of the Saint Michael's campus. Short-term study programs are academic courses developed by faculty. Typically lasting two weeks, these programs involve study abroad, may include direct involvement in issues covered in an on-campus course and provide direct experience on a particular topic in a particular locale. Study Abroad The College utilizes over 20 third-party program providers and exchange partners to provide students with opportunities to study in over 70 countries. There are many diverse program offerings for a student's study abroad experience. In our increasingly global society, more and more students recognize the value of spending a semester or year abroad. Recruiting The College has one full-time staff member who travels to recruit international students and groups for our English language programs and undergraduate admissions. These are expenses related to travel in China, Korea, Germany, Turkey, Venezuela, Spain, Costa Rica, Honduras, United Kingdom, Greece, Nicaragua, The Netherlands, Portugal, and Canada. Agents The College's Applied Linguistics Department offers a variety of English language programs for students to earn a certificate of completion and/or a Master's Degree in Teaching English to Speakers of Other Languages. Upon successful completion of the advanced English Program Level II, a student may matriculate into an undergraduate degree program at the College or elsewhere. The College uses international agents to assist with recruiting and admissions for these programs. Service Trip Refer to Part II supplemental information, this represents the in country expenses paid for flights, meals, supplies and lodging.
GRANTS TO ENTITIES OUTSIDE THE UNITED STATES	PART II	Our Mobilization of Volunteer Efforts Department, known as MOVE, promotes one principle of the Catholic faith - charity. MOVE provides opportunities for the College's students to do community service work during the academic year and during semester and summer breaks at both domestic and international service sites. See Schedule O under Part III Student Services for more details. These payments represent funds raised by students to help support non-profit organizations in India and the Dominican Republic where they volunteer after the academic year concludes. MOVE is in communication with the recipient organizations throughout the year and have general conversations about the organizations' status and projects and make arrangements for the following year trip. MOVE works with organizations so student volunteers have a clear vision about what is expected and what they should expect when they arrive in the country.
SCHOLARSHIPS	PART III	Scholarships related to students studying abroad for a semester or a year. All scholarships are applied to the student'S account balance. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED INTO THE STUDY ABROAD PROGRAM.

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GOLF CLASSIC	NameOfEvent1
Gross Receipts Event1	71839	GrossReceiptsEvent1
Charitable Contributions Event1	32114	CharitableContributionsEvent1
Gross Revenue Event1	39725	GrossRevenueEvent1
Non Cash Prizes Event1	8486	NonCashPrizesEvent1
Rent Facility Costs Event1	18250	RentFacilityCostsEvent1
Food And Beverage Event1	5080	FoodAndBeverageEvent1
Other Direct Expenses Event1	843	OtherDirectExpensesEvent1
Total Number Of Other Events	0	TotalNumberOfOtherEvents
Gross Receipts Total	71839	GrossReceiptsTotal
Charitable Contributions Total	32114	CharitableContributionsTotal
Gross Revenue Total Events	39725	GrossRevenueTotalEvents
Non Cash Prizes Total Events	8486	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	18250	RentFacilityCostsTotalEvents
Food And Beverage Total Events	5080	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	843	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	32659	DirectExpenseSummaryEvents
Net Income Summary	7066	NetIncomeSummary

Gaming Information GamingInformation

Field	Value	IRS element (for citing)
Gross Revenue Other Gaming	64064	GrossRevenueOtherGaming
Cash Prizes Other Gaming	1500	CashPrizesOtherGaming
Non Cash Prizes Other Gaming	750	NonCashPrizesOtherGaming
Volunteer Labor Other Gaming	true	VolunteerLaborOtherGaming
Volunteer Labor Prcnt Other Gaming	1.00000	VolunteerLaborPrcntOtherGaming
Gross Revenue Total Gaming	64064	GrossRevenueTotalGaming
Cash Prizes Total Gaming	1500	CashPrizesTotalGaming
Non Cash Prizes Total Gaming	750	NonCashPrizesTotalGaming
Direct Expense Summary Gaming	2250	DirectExpenseSummaryGaming
Net Gaming Income Summary	61814	NetGamingIncomeSummary

Field	Value	IRS element (for citing)
States Where Gaming Conducted	VT	StatesWhereGamingConducted
Licensed	false	Licensed
Explanation If No	IN VERMONT A NON-PROFIT ORGANIZATION THAT ORGANIZES A RAFFLE OR GAMES OF CHANCE FOR THE PURPOSE OF RAISING FUNDS TO BE USED FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES DOES NOT NEED A LICENSE.	ExplanationIfNo
License Suspended Etc	false	LicenseSuspendedEtc
Gaming With Nonmembers	false	GamingWithNonmembers
Member Of Other Entity	false	MemberOfOtherEntity
Percentage Of Gaming Own Facility	1.00000	PercentageOfGamingOwnFacility
Percentage Of Gaming Othr Facility	0.00000	PercentageOfGamingOthrFacility
Name Of Gaming Rec Keeper Person	SHIRLEY GOODELL-LACKEY CONTROLLER	NameOfGamingRecKeeperPerson

Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS

Field	Value	IRS element (for citing)
Address Line1	ST MICHAELS COLLEGE ONE WINOOSKI	AddressLine1
City	COLCHESTER	City
State	VT	State
ZIP Code	05439	ZIPCode

Field	Value	IRS element (for citing)
Contract With3rd Party For Gam Rev	false	ContractWith3rdPartyForGamRev
Gaming Manager Name Person	GERALDINE KNORTZ ATHLETICS DIRECTO	GamingManagerNamePerson
Gaming Manager Services Provided	ORGANIZE AND COORDINATE THE ATHLETICS SUPER RAFFLE	GamingManagerServicesProvided
Gaming Manager Is Employee	X	GamingManagerIsEmployee
Charitable Distrib Required	false	CharitableDistribRequired

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant
BOYS & GIRLS CLUB OF BURLINGTON
62 OAK STREET	BURLINGTON	VT	05401	030179307	501(c)(3)	10000
SSE DBA SAINT ANNE'S SHRINE
PO BOX 280	ISLE LA MOTTE	VT	05463	030195115	501(C)(3)	10000

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	2	TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
STUDENT SCHOLARSHIPS	1099	24990692
UNDERGRADUATE ENDOWMENT FUNDED SCHOLARSHIPS	323	1790702
UNDERGRADUATE ATHLETIC GRANTS	20	925776
FED SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS	315	401320
GRADUATE STUDENT GRANTS	41	47027

Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S.	PART II, COLUMN H	The contribution to the Burlington Boys and Girls Clubs was made to provide general support of their mission to inspire and enable community youth, especially those who need it most, to realize their full potential as productive, healthy, responsible and caring citizens. Our Mobilization of Volunteer Efforts (MOVE) administrators and students work with this group 2-3 times a week providing leadership and fun for the children participating in the Club's after school program. Also, the College incorporates the Club into the Education Department's classroom curriculum by providing mentoring to the youth of the Club. The contribution to Saint Anne's Shrine was made to provide support of their mission to serve as a welcoming place of peace and hope ministering to all Gods people through prayer, devotion, hospitality, and spiritual renewal. The Shrine was developed and maintained for the past 100 years by the Society of Saint Edmund, who are also the founders of Saint Michael's College. The College shares a similar mission to contribute through higher education to the enhancement of the human person and the advancement of human culture in the light of the Catholic faith. The College benefits from use of the facilities at the Shrine for curriculum enhancement, student and staff retreats, and worship.
GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S.	PART III	THE COLLEGE RECOGNIZES THE HIGH COST OF A PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE, AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDE GRANTS AND SCHOLARSHIPS, LOANS, AND STUDENT EMPLOYMENT. IN 2011-2012, THE COLLEGE ADMINISTERED OVER $48 MILLION IN ASSISTANCE, OF WHICH APPROXIMATELY $29 MILLION WAS PRIMARILY COLLEGE FUNDED SCHOLARSHIPS OR GRANTS. THE FIVE-YEAR AVERAGE (2007-2011) OF UNDERGRADUATE STUDENTS RECEIVING COLLEGE FUNDED AID WAS 88.2%. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AVERAGE NEED BASED SCHOLARSHIP OR GRANT FOR THE FALL 2011 INCOMING CLASS WAS APPROXIMATELY $18,924. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (10 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
DR JOHN J NEUHAUSER
368638	0	0	0	5094	0	43376	0	45896	0	463004	0	0	0
NEAL E ROBINSON
180015	0	0	0	0	0	10035	0	13993	0	204043	0	0	0
MICHAEL J NEW
138290	0	0	0	0	0	7593	0	8047	0	153930	0	0	0
KAREN A TALENTINO
175902	0	0	0	0	0	9760	0	14739	0	200401	0	0	0
JERRY E FLANAGAN
128935	0	0	0	1050	0	7188	0	34804	0	171977	0	0	0
MICHAEL D SAMARA
131055	0	0	0	1635	0	7383	0	13281	0	153354	0	0	0
PATRICK J GALLIVAN
135896	0	0	0	1860	0	7506	0	8031	0	153293	0	0	0
WILLIAM O ANDERSON
249888	0	0	0	0	0	7068	0	47739	0	304695	0	0	0
PAUL J LECLAIR
175779	0	0	0	0	0	2646	0	1106	0	179531	0	0	0
ANNE MCCONNELL PEASE
166744	0	0	0	0	0	2512	0	3752	0	173008	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	COMPENSATION INFORMATION	Identifier
Return Reference	PART II	ReturnReference
Explanation	For eligible employees, column (D) nontaxable benefits primarily consists of health care and dental benefits paid by the College. Other reportable compensation and column (D) nontaxable benefits are listed below: Dr. John J. Neuhauser - Column B(iii) includes personal use of a College vehicle and personal cell phone use. Column (C) deferred compensation includes contributions to the College's IRC 457(B) plan including earnings. Column (D) includes a housing allowance. Jerry E. Flanagan - Column B(iii) includes personal use of a College vehicle. Column (D) includes tuition remission. Michael D. Samara - Column B(iii) includes personal use of a College vehicle. Patrick J. Gallivan - Column B(iii) includes personal use of a College vehicle. William O. Anderson - Column (D) includes tuition remission.	Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	VT EDUCATIONAL & HEALTH BLDG FINANCE AGY	BusinessNameLine1

Field	Value	IRS element (for citing)
Issuer EIN	237154467	IssuerEIN
CUSIP Number	924166FM6	CUSIPNumber
Date Issued	2012-05-24	DateIssued
Issue Price	50990332	IssuePrice
Description Of Purpose	CONSTRUCTION, EQUIPMENT, REFUNDING	DescriptionOfPurpose
Defeased	false	Defeased
On Behalf Of Issuer	false	OnBehalfOfIssuer
Pool Financing	false	PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

Field	Value	IRS element (for citing)
Amount Retired	11962636	AmountRetired
Amount Bond Defeased	10964673	AmountBondDefeased
Total Proceeds	50990332	TotalProceeds
Amount In Reserve Fund	0	AmountInReserveFund
Capitalized Interest	0	CapitalizedInterest
Refunding Escrow	0	RefundingEscrow
Issuance Costs From Proceeds	563023	IssuanceCostsFromProceeds
Credit Enhancement	0	CreditEnhancement
Working Capital Expenditures	0	WorkingCapitalExpenditures
Capital Expenditures	27500000	CapitalExpenditures
Other Spent Proceeds	0	OtherSpentProceeds
Amount Unspent	0	AmountUnspent
Year Of Subst Completion	2013	YearOfSubstCompletion
Current Refunding	true	CurrentRefunding
Advance Refunding	true	AdvanceRefunding
Final Allocation Made	false	FinalAllocationMade
Adequate Books And Recds Maintaind	false	AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

Field	Value	IRS element (for citing)
Owning Bond Financed Property	false	OwningBondFinancedProperty
Any Lease Arrangements	false	AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty	true	MngmentCntrctBondFinancdPrprty
Engage Bond Counsel Contracts	true	EngageBondCounselContracts
Any Research Agreements	false	AnyResearchAgreements
Prcntge Prvt Business Use By Others	0.00000	PrcntgePrvtBusinessUseByOthers
Percentage Of Prvt Business Re UBI	0.00000	PercentageOfPrvtBusinessReUBI
Total Private Business Use	0.00000	TotalPrivateBusinessUse
Post Issuance Compliance Procdrs	false	PostIssuanceComplianceProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

Field	Value	IRS element (for citing)
Form8038 T Filed	true	Form8038TFiled
Variable Rate Issue	false	VariableRateIssue
Hedge Identified In Books And Recds	false	HedgeIdentifiedInBooksAndRecds

Name Of Hedge Provider NameOfHedgeProvider

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGIC

Name Of GIC Provider NameOfGICProvider

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested	false	GrossProceedsInvested
Exception To Rebate	false	ExceptionToRebate

Field	Value	IRS element (for citing)
Fed Tax Requirements Compliance	X	FedTaxRequirementsCompliance

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	NA	NameOfInterestedPerson
Relationship With Organization	N/A	RelationshipWithOrganization
Amount Of Grant	34555	AmountOfGrant
Type Of Assistance	TUITION REMISS.	TypeOfAssistance

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	PATRICIA CASEY	NamePerson

Field	Value	IRS element (for citing)
Relationship	MAGUIRE ASSOCIATES	Relationship
Amount Of Transaction	130000	AmountOfTransaction
Description Of Transaction	SEE PART V	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS	Identifier
Return Reference	PART IV	ReturnReference
Explanation	Trustee Patricia Casey is a Senior Vice President at Maguire Associates. The College has a contract with this firm to assist in financial aid modeling and awarding to achieve certain admissions goals. Ms. Casey does not work directly on the College account. This year, the College paid $130,000 for services. This is an arm's length transaction. Ms. Casey, if permitted to by the Board of Trustees, may make an appearance at a Board or Board Committee meeting to present facts regarding a matter relative to the College's relationship with Maguire Associates, but may not participate in the deliberations or decision making with respect to this matter.	Explanation

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArt
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	19880	NoncashContribsRptdF990
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	18	NumberOfContributions
Noncash Contribs Rptd F990	72312	NoncashContribsRptdF990
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther
Collectibles		Collectibles
Food Inventory		FoodInventory
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts
Number Of8283 Received	1	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	true	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
NON-CASH CONTRIBUTIONS	LINE 4 & 9	The College is reporting the number of contributions related to each type of property that was received during FY12.
USE OF A THIRD PARTY TO SELL NON-CASH CONTRIBUTIONS	PART 1, LINE 32B	The College uses a custodian to hold and process all investment transactions including asset safekeeping and collection of dividends and interest. All security contributions are delivered to the custodian with the instructions for immediate sale.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (13 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION STATEMENT	FORM 990, PART I, LINE 1 AND PART III, LINE 1	SAINT MICHAEL'S COLLEGE IS A CATHOLIC LIBERAL ARTS RESIDENTIAL COLLEGE COMMITTED TO THE PURSUIT OF ACADEMIC EXCELLENCE, WITH AN UNDERGRADUATE ENROLLMENT OF APPROXIMATELY 2,000 STUDENTS AND 500 GRADUATE STUDENTS. WE CREATE AND SUSTAIN AN OPTIMAL LIVING AND LEARNING ENVIRONMENT THAT PROMOTES A VIBRANT INTELLECTUAL LIFE AND CHALLENGES STUDENTS TO ENGAGE IN ACTIVITIES TO EXTEND THEIR MINDS AND EXPERIENCES WITHIN AND BEYOND OUR VERMONT LOCATION.
PROGRAM SERVICE ACCOMPLISHMENTS	FORM 990, PART III, LINES 4A, 4B, 4C, AND 4D	ACADEMIC PROGRAM AND FINANCIAL SUPPORT (LINE 4A) The academic program is at the heart of the College's Mission and the reason for Saint Michael's College existence. The College provides education with a social conscience, producing graduates with intellectual tools to lead successful, purposeful lives that will contribute to peace and justice in our world. Saint Michael's College students personalize their education through research, internships, and small classes, preparing them for a lifetime, not just for their first job out of college. The academic program is rigorous and calibrated to the appropriate developmental levels of students (first-year students through graduate level). The undergraduate academic program offers degrees in 22 different majors for the Bachelor of Arts Degree and 10 majors for the Bachelor of Science Degree. Students may also, choose from 34 minor programs. The academic program for graduate students includes 3 programs leading to Master's degrees in Clinical Psychology, Education and Teaching English to Speakers of Other Languages. Saint Michael's College awarded 482 Bachelor's degrees and 113 Master's degrees during 2011-2012 academic year with, 1936 students enrolled in Baccalaureate degree programs and 571 in Master's degree programs. The class of 2012 had 423 graduates in May, of which 249 or 59% also earned Minors and 25% of those students earned more than one minor. After receiving a Bachelor's degree from Saint Michael's College, over 95% of our students enter the work force in a variety of careers or continue their education in a post-graduate program. The 4 year average (2003 - 2006) student-right-to-know completion or graduation rate is 79%; this compared favorably to the 70% reported by Act National Graduation rates for private 4-year institutions offering only bachelor's degrees in the selective category. The College's goal is to have 30% of each graduating class study abroad. Over 20 third party program providers offer students opportunities to study in over 70 countries and the College has met this goal for the last 5 academic years. The College has made strides in educating students beyond the classroom in preparation for their careers after graduation. In 2011 - 2012, 253 students engaged in supervised academic internships, compared with 265 in the previous year. In the summer of 2012, 47 students were engaged in independent research with professors, and this compares with 46 students in the summer of 2011 and 38 students in the summer of 2010. The College has a robust honors program which began in the late 1980's, and recognizes high achievement among our students. In 2012, 53 students (or 11% of the senior class) graduated in the honors program. In the spring of 2013, 425 students from all four classes, about 22% of the student body, were members of the honors program. In addition, Saint Michael's College shelters a chapter of Phi Beta Kappa, Delta Epsilon Sigma and eleven discipline based honors societies with nearly 150 members of the class of 2012. In 2003 Saint Michael's College joined the elite group of 280 colleges nationwide with Phi Beta Kappa chapters, making Saint Michael's College one of the only 22 Catholic Colleges in the U.S. with such a chapter. The College is identified in the 2013 Edition of the Princeton Review as one of the Nation's best 377 Colleges, is included in the prestigious Fiske Guide to Colleges in 2013 and deemed a best buy. Saint Michael's College is rated as a top 100 liberal arts college by the U.S. News and World Report and ranked 176th out of 650 best undergraduate institutes in Forbes magazine's America's Top Colleges' Edition. In 2013 Saint Michael's College was selected by the Carnegie Foundation as one of only 41 baccalaureate arts and science colleges nationwide in its community engagement classification, an area they define as the collaboration between institutions of higher education and their larger communities for the mutually beneficial exchange of knowledge and resources in a contest of partnership and reciprocity. Every five years the Vermont Department of Education conducts a performance review of all the educator programs. Saint Michael's College underwent the process in October 2011 and received full approval for all licensure programs. We are particularly proud of the seven commendations from the review. No other teacher preparation program has ever received more than three. The academic program is supported by many professional and administrative staff including information technology (IT), academic enrichment programs, library and information services (LIS), registrar's office, the Vice President of Academic Affairs and the Dean. The IT department is committed to creating a robust technology environment for the College's students, faculty and staff. They support administrative applications, instructional technology services, all of which support the mission and goals of the College by providing ITs constituents with a reliable, secure, and fast campus network; support for the appropriate integration of technology into teaching and research; and technology support for administrative operations. Saint Michael's College is committed to students' academic success therefore, in addition to academic enrichment programs designed to enhance the learning experience, a variety of services are offered to ensure that our students get the most out of their education including independent studies, Peace and Justice Center, Women's Center, service learning, student/faculty research and internships to name a few. These services and activities are designed to assist our students in enhancing their learning opportunities in order to achieve their fullest intellectual development. Academic enrichment also supports faculty in offering extra-curricular activities that enhance their classroom teaching and in designing innovative components to their courses that foster experiential learning. LIS provides students, faculty, and staff with the information resources and services they need for study, teaching and research. The library strives to determine community needs and respond to them by shaping its resources and services to provide the best possible support for the academic program. In order to support our students attending Saint Michael's College, a variety of grants and assistance are awarded. Refer to schedule I, Part IV for additional information. Auxiliary Enterprises (line 4B) In 2003, The Board of Trustees affirmed in the College's Mission statement that being a member of the residential community is central to our students' experience at Saint Michael's College, by endorsing a 100% residency requirement. In addition to expenses associated with on-campus dining services, auxiliary services expenses include residence hall bond interest, depreciation expense and costs related to the bookstore, printing and mailing services, special events, summer playhouse and other auxiliary programs that support our students' living and learning experience at the College. As part of the residential experience, there are unique housing options available on campus based on common interests that students share such as GREAT (Growing Recognition of the Effects of Alcohol on Thinking) with 150 students, honor housing (51 units) and Ambassador housing (48 Units) which provides an opportunity for U.S. students to live with international students. Dining on campus provides the social experience essential to a well-rounded campus life.
STUDENT SERVICES (LINE 4C)		Students are at the center of the College's Mission. While the academic elements are foremost, supporting the students' personal development is vital as well. The offices of admissions, student life, Edmundite campus ministry, wilderness program, athletics and many student clubs work to enhance students' personal growth as well as their academic success. To supplement the academic culture on campus and enrich overall quality of the college experience, a variety of weekend programs is offered to students, along with many outdoor programs such as the ski pass, cultural and artistic events through the Flynn center-Saint Michael's College cultural pass, a variety of ministry programs, and community service opportunities through Move (Mobilization of Volunteer Efforts.) Approximately 80% of students are involved in some form of intercollegiate, intramural, club, recreation, personal fitness, or wilderness program offering. Approximately 21% of Saint Michael's College students participate in one of the 21 varsity sports. Our student athletes have achieved a 99% academic success rate (ASR); a statistic defined by the NCAA as a measurement of graduation within a 6 year cohort time period as of June 2012. Saint Michael's College has been recognized as a recipient of the first Division II Presidents' Award for Academic Excellence as a member of the Northeast-10 Conference, achieving the highest four year ASR. A total of five Northeast-10 athletic programs made the list. The office of student activities strives to provide students opportunities to develop as ethical leaders and engaged citizens, and offers a wide variety of programs and activities designed to meet their needs. Our Got Skills program (Socially just, Kindness toward others, Inclusive toward all people, Leading at every turn, Listening with care and, Self-respectful) focuses on promoting human dignity and diversity. Educational programs offered in the residence halls help to bring people together who might not have otherwise met, help people to better know each other, and expose individuals to new ideas and beliefs. Floor visitors' dialogue programs provide an environment conducive for faculty, staff and student dialogue about academic and community pursuits. These are a sample of the programming offered to students in the residence halls. The office of student activities assists the student government on campus as well as student clubs. Approximately 95% of the student population participates in student activities programs. The College embraces and supports students' commitment to community services reflected by the fact that 65% of our students participate in a service activity through our MOVE program - part of Edmundite Campus Ministry. The fundamental objective of Edmundite Campus Ministry is to help students', faculty and staff reflect on and celebrate the spiritual and religious dimensions of their lives while at Saint Michael's College. Programs such as retreats, liturgies, spiritual direction, and prayerful reflection meals are designed to encourage everyone to step back and experience life at its deepest, most meaningful level. About 15% of our student population is involved in weekly or daily worship as well as attendance in these programs. Other Program Services (Line 4D) Other program service expenses include public service and research.
GOVERNING DOCUMENT CHANGES	FORM 990, PART VI, SECTION A, LINE 4	The Amended Articles of Incorporation and Bylaws of the Board of Trustees were amended February 10, 2010 but there were no significant changes that affected the overall mission or operations of the College. The Bylaws were amended to add attendance requirements for Trustees meetings; the discrimination prohibition article was updated for current state and federal laws and other minor wording changes.
FORM 990 REVIEW PROCESS	FORM 990, PART VI, SECTION B, LINE 11	Form 990 schedules are prepared by College personnel with guidance and review from external tax preparers who sign and file the form. In early May, prior to filing with the Internal Revenue Service each member of the Board of Trustees was provided with Form 990 and all schedules, except Schedule B, contribution detail, in order to respect our donors' confidentiality.
CONFLICT OF INTEREST POLICY	FORM 990, PART VI, SECTION B, LINE 12C	The Secretary of the College distributes the conflict of interest policy, questionnaire and certification annually to trustees, officers and key employees. The Secretary reviews the responses and potential conflicts are brought to the Trusteeship and Mission Committee for review and resolution. A list of interlocking boards is maintained to assist in determining if potential conflicts arise during the year. The Trusteeship and Mission Committee submits names for board recruitment and vets any conflict issues. This Committee provides information to the Executive Committee for consideration and nomination.
DOCUMENT RETENTION AND DESTRUCTION POLICY	FORM 990, PART VI, SECTION B, LINE 14	The College has a high-level document retention and destruction policy and follows specific guidelines provided by the Internal Revenue Service and relevant regulations with respect to records retention and destruction - including the provisions of Vermont Law (9 VSA Part 3 Chapter 62 Subchapter 4 Document Safe Destruction Act) with respect to disposal of documents containing confidential information. Another resource utilized by the College is "Record Retention and Disposal: A Manual for College Decision Makers", which provides the College with a guide to the applicable laws, regulations and other considerations for all areas of our business, including employment and admissions applications, payroll, student records, financial, tax and contributions records as well as federal reporting specific to the higher education industry.
COMPENSATION POLICY	FORM 990, PART VI, SECTION B, LINE 15	The Executive Committee of the Board of Trustees, excluding the College President, is responsible for establishing and maintaining a competitive compensation program for the executive officers of the College. The Executive Committee meets as needed to review the compensation program and make recommendations for any changes. The Executive Committee has the responsibility for decisions regarding compensation in all its current and potential forms for the executive officers of the College. The Vice President of Human Resources provides independent compensation data, e.g. NACUBO, CUPA, etc. and analysis to the Executive Committee. The Executive Committee meets annually, usually while the Trustees are here for the March or June Board meeting, to review survey data regarding compensation for the President and other officers of the College. The last meeting was in June 2012.
PUBLIC DISCLOSURE POLICY	FORM 990, PART VI, SECTION C, LINE 19	The College is a private organization and therefore by law, is not required to make its governing documents, conflict of interest policy or financial statements available to the public. In the interest of transparency, the College complies with requests for this information from federal and state regulatory agencies, our accreditation agency and other entities or individuals in the ordinary course of business. The College posts the most recent three years of Form 990 and 990-T on our website.
OTHER CHANGES IN NET ASSETS	FORM 990, PART XI, LINE 5	UNREALIZED LOSSES ON INVESTMENTS $ (2,193,506) GAMBLING INCOME INCLUDED IN LIABILITY ACCOUNT $ (61,814) ----------- OTHER CHANGE IN NET ASSETS OR FUND BALANCES $ (2,255,320)
FINAL ALLOCATIONS OF PROCEEDS AND INVESTMENT BEYOND A TEMPORARY PERIOD	SCHEDULE K, PART II, LINES 16-17 & PART IV, LINE 5	The construction of a residence hall and student union will be completed and placed in service in August 2013. The final allocation of proceeds will be finalized in late fall 2013 once all contractor invoices have been received. The College maintains books and records to support that allocation and to request reimbursement of expenses for this project from the Bond Trustee. The Bond Trustee reviews all requests to ensure the expense is appropriate within the purpose as defined in the Bond Documents. The College's 2012 Series Bond will not be invested beyond the available temporary period as the bond closed in May 2012 and all construction funds are expected to be fully expended by September 2013.
ADOPTION OF MANAGEMENT PRACTICES	SCHEDULE K, PART III, LINE 7	The College is working with consultants and bond council to make certain College personnel is familiar with the rules and regulations for post-issuance compliance of its tax-exempt bond liabilities. A policy has been created, reviewed and implemented by management. The policy will be presented to the Board of Trustees for approval.
PROCEDURES TO UNDERTAKE CORRECTIVE ACTION	SCHEDULE K, PART V	After the close of the fiscal period, the College developed policies and procedures to identify and address any violations of federal tax requirements pursuant to a voluntary closing agreement program where self-remediation may be unavailable.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 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
SAINT MICHAEL'S COLLEGE FIRE & RESCUE
ONE WINOOSKI PARK	COLCHESTER	VT	05439	201120657	FIRE & RESCUE	VT	501(C)(3)	7	NA	true
MERRILL CEMETERY ASSOCIATION INC
ONE WINOOSKI PARK	COLCHESTER	VT	05439	010868920	CEMETERY	VT	501(C)(13)		NA	true

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	CHARITABLE REMAINDER TRUST (1)	BusinessNameLine1

Field	Value	IRS element (for citing)
Primary Activity	CRT	PrimaryActivity
Legal Domicile State	VT	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

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

Field	Value	IRS element (for citing)
Type Of Entity	TRUST	TypeOfEntity
Share Of Total Income	0	ShareOfTotalIncome

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
SAINT MICHAEL'S COLLEGE FIRE AND RESCUE
M	75000	FMV
SAINT MICHAEL'S COLLEGE FIRE AND RESCUE
P	59611	COST