2013-05-15T09:15:28-05:00 2012-06-30 WOLF & COMPANY PC 99 HIGH STREET 21ST FLOOR BOSTON MA 02110 990 2011-07-01 042103865 Bay Path College % DONNA GUERTIN BAYP 4135651000 588 Longmeadow Street Longmeadow Street MA 01106 Michael Giampietro 4135651000 2013-05-14 true Harry A Kalajian Jr CPA 6174399700 2013-05-13 2011 2016-02-24 21:20:13Z michael giampietro 588 longmeadow street longmeadow MA 01106 48295507 false X www.baypath.edu X 1940 MA distinctive, progressive, professionally focused, four-year and graduate college for undergraduate women and co-educational graduate students 28 26 1004 75 6428 2522 2751485 1690970 36742083 40973294 1038991 1300519 577571 565553 41110130 44530336 10081886 10915417 0 0 15411518 18710228 25130 22066 941062 10490095 11005452 36008629 40653163 5101501 3877173 68312677 69233489 15017451 13671898 53295226 55561591 X Bay Path College (the "College") is a distinctive, progressive, professionally focused, four-year and graduate college for undergraduate women and co-educational graduate students. A pioneer in innovative undergraduate programs for women and professional graduate degrees for men and women, Bay Path College, through its focus on leadership, communication, and technology, educates students to become confident and resourceful contributors to our increasingly interdependent world. Students are challenged to accept the responsibilities and to experience the rewards of leadership through their education at Bay Path College. Opportunities to build and strengthen technological, analytical, and oral and written communication skills are thoroughly integrated into the curriculum. Students apply and expand their knowledge through internships, field placements or focused projects in a wide variety of settings. The College, which values and promotes diversity, respects the needs, views, and rights o false false 33856258 10915417 The College provides instruction, academic support, student services and student financial aid to carry out its exempt purposes, serving approximately 2,200 students. Auxiliary enterprises provide services for the convenience of the students, faculty and staff. This includes dining services, student housing, the bookstore and other MISC. Services. The college serves approximately 2,200 students, including 350 resident students. 33856258 true true false true false false false true true true false false false true true false true true false true false true true true false false false true true true false false false false false false false true true true true false false false false true true false false false true 133 0 true 1004 true true true true CJ false false false true true false false false false X 28 26 false false false false false false false true true false false false true true true true true true true false MA X DONNA GUERTIN 4135651219 588 LONGMEADOW STREET Longmeadow MA 01106 Roberta B Bolduc 5.0 X X 0 0 0 Cindy M Burke 1.0 X 0 0 0 Susanne E Churchill 1.0 X 0 0 0 Enzo V DiGiacomo 1.0 X 5000 0 0 Dianne Fuller Doherty 1.0 X 0 0 0 Susan Davis Abello 1.0 X 0 0 0 Kay Bernon 1.0 X 0 0 0 Marvin A Coote 1.0 X 0 0 0 Karen L Glaser 1.0 X 0 0 0 Samuel R Hanmer 1.0 X 0 0 0 Ann Hammer 1.0 X 0 0 0 Stephen D Hoyt 1.0 X 0 0 0 George Keady III 2.0 X 0 0 0 Angie McGinnis 1.0 X 0 0 0 Mary Jean Picknelly 1.0 X 0 0 0 Mary Ann Spencer 1.0 X 0 0 0 Patricia J Pierce 1.0 X 0 0 0 Visael Rodriguez 1.0 X 0 0 0 Jane E Roulier 1.0 X 0 0 0 Barbara Sadowsky 1.0 X 0 0 0 Gloria Smith 1.0 X 0 0 0 Courtney Whalen 1.0 X 0 0 0 Amanda Toner 1.0 X 0 0 0 Ruth McLoughlin Vignati 1.0 X 0 0 0 Robyn A NewHouse 1.0 X 0 0 0 Jonathan Besse 1.0 X 0 0 0 Richard Steele 1.0 X 0 0 0 Trecia Marchand 1.0 X 0 0 0 Carol Leary 55.0 X 331362 0 97113 Michael Giampietro 50.0 X 166710 0 30154 Barbara Kochon 50.0 X 84745 0 12963 MElissa Morriss-Olson 50.0 X 170598 0 19610 Caron Hobin 50.0 X 120888 0 29283 Kathleen Bourque 50.0 X 133176 0 13331 David Demers 50.0 X 123432 0 11177 Elizabeth Fleming 50.0 X 121189 0 14878 Jennifer Hixon 50.0 X 115820 0 11807 William Sipple 10.0 X 102377 0 14780 1475297 0 255096 13 true true false Fontaine Brothers Inc 510 Cottage Street SPRINGFIELD MA 01104 construction 1052281 Aramark Services LLC 1101 Market street PHILADELPHIA PA 19107 food service 1379064 Kent Pecoy and Sons Contruction 215 Baldwin street WEST SPRINGFIELD MA 01089 contruction 346913 ILS Business Services 570 Silver Street AGAWAM MA 01001 printing services 254524 Jenzabar Inc 101 Hungtington Ave Suite 2200 BOSTON MA 02119 software consulting 309874 10 14025 532502 1144443 79593 1690970 TUITION AND FEES 900099 36811461 36811461 RESIDENCE AND DINING 611710 3936948 3936948 WOMEN'S CONFERENCE 611600 212341 212341 THEATER DEPARTMENT 711110 12544 12544 40973294 905295 905295 0 0 100782 100782 100782 100782 4150342 3755118 395224 395224 395224 10270 14025 10053 217 217 0 0 FOOD SERVICE 722210 231189 228518 2671 OTHER REVENUE 900099 187779 187779 BOOKSTORE 451211 41829 41829 3757 3757 464554 44530336 41431420 6428 1401518 0 10750806 10750806 164611 164611 0 944555 203424 741131 0 14874626 13166211 1204420 503995 927855 823858 71550 32447 860055 743424 87678 28953 1103137 934916 132081 36140 0 60255 60255 91550 91550 0 22066 22066 0 2195437 1317395 661408 216634 1292713 547280 740919 4514 1404255 660957 731803 11495 247263 247263 0 870037 851798 18239 402167 326983 44527 30657 0 91173 83656 3680 3837 279384 279384 0 2013098 1735290 277808 186736 186736 COST OF FOOD 1105271 1026218 60604 18449 MEMBERSHIPS 96181 60049 34231 1901 ENTERTAINMENT 435661 366626 39203 29832 BAD DEBT 112180 112180 122091 92756 29193 142 40653163 33856258 5855843 941062 0 0 474687 1193458 1198300 956061 776516 2500476 0 0 0 0 2380016 2446187 99176 105016 627311 735051 58318785 31541506 25851152 26777279 36011232 32868405 894287 1651556 0 0 0 0 0 0 68312677 69233489 2690037 1695351 752904 752904 2736788 2313785 7207518 7004195 357471 251815 0 0 0 0 0 0 1272733 1653848 15017451 13671898 X 44625442 46962355 2573234 2366078 6096550 6233158 53295226 55561591 68312677 69233489 X 3877173 -1610808 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1066 1066 false false Other Lobbying Activities Schedule C, Part II-B, Line 1(i) The College has memberships and affiliations with organizations that may conduct lobbying activities. The College pays annual membership dues to these organizations. For purposes of this form, it is estimated that 4% of the total membership dues have been used in connection with lobbying activities. false true 31902121 422915 -405706 156926 19767 31742637 22909661 4289469 4867418 147693 16734 31902121 18747154 1786601 2491523 115617 22909661 22290541 335515 -3723485 155417 18747154 0.79806 0.01092 0.19102 true false 0 3100784 3100784 976117 35944840 16357397 20563560 626186 281784 344402 0 16777254 14902325 1874929 0 893604 893604 26777279 0 LEGAL OBLG ASSOC. W/ASSET RETIREMENT FOR FASB 143 1319945 ANNUITY OBLIGATIONS 333903 1653848 44530336 40653163 3877173 -1625908 14135 -1611773 2265400 32014164 -1625908 15100 -1610808 33624972 10905364 10905364 44530336 29748764 11018 11018 29737746 10915417 10915417 40653163 Escrow & Custodial Arrangements Schedule D, Part IV, Line 2B The College owns and rents residential properties contiguous to the campus. The tenants's security deposits are maintained in escrow accounts at a local bank. In addition, the college maintains a charitable annuity pool at tiaa-cref trust co. for the investment of charitable gift annuities. A liability is recognized for the expected future payments to annuities. Endowment Fund Schedule D, Part V, Line 4 The College's endowment fund is an investment portfolio comprised of donor-restricted (true) and board-designated (quasi) endowment funds. The intentions of the fund are to generate a total return that preserves the long-term real purchasing power of the endowment funds and provides a relatively predictable and increasing revenue stream to be used for donor-specified and board-designated purposes that support the mission of the college. For Section D, College contributions include funds transferred from donor restricted fund to the unrestricted quasi-endowment fund to support the donor restricted scholarships awarded during the fiscal year from liquid, unrestricted investments. Uncertain Tax Positions Schedule D, Part X, Line 2 The College was granted an exempt status under Internal Revenue Code ("IRC") Section 501(a) as an organization described under Internal Revenue Code Section 501(c)(3). Under IRC 501(a), the College is generally exempt from taxes on related income. The College reviewed tax positions for the open tax years as of June 30, 2012, and determined that there are no material uncertain tax positions that require recognition in the financial statements. Other Adjustments Schedule D, Part XI, Line 8 Change in Asset Retirement Obligation 15,100 Travel-Ed Expenses ( 965) --------- Net Other Adjustments 14,135 Reconciliation of Revenue Schedule D, Part XII, Lines 2D & 4B Line 2D - Other Adjustments: Change in Asset Retirement Obligation 15,100 Line 4b - Other Adjustments: Scholarships & Grants 10,915,417 Golf Tournament Expenses (10,053) Total Other Adjustments 10,905,364 Reconciliation of Expenses Schedule D, Part XIII, Lines 2D & 4B Line 2D - Other Adjustments: Golf Tournament Expenses 10,053 Travel Ed Expenses 965 ------ Total Other Adjustments 11,018 Line 4b - Other Adjustments: Scholarships & Grants 10,915,417 true true true true true true true false false false false false false false false true false true Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 Publications, applications, registration forms, newspaper advertisements and summer programs make reference to the college's racially nondiscriminatory policy. Explanation of Government Financial Aid Schedule E, Part I, Line 6 All federal and state funds received are expended entirely for student financial aid in accordance with the U.S. office of management and budget circular A-133 for Federal Funds, and with specific requirements applicable to the Massachusetts Office of Student Financial Assistance programs for state funds. true East Asia and the Pacific Program Services Student Travel/TRIP 137438 Europe (Including Iceland and Greenland) Program Services Presidental Travel 9118 Central America and the Caribbean Grantmaking 27000 East Asia and the Pacific Grantmaking 79611 Europe (Including Iceland and Greenland) Grantmaking 7000 Middle East and North Africa Grantmaking 2500 North America Grantmaking 9500 South Asia Grantmaking 13000 Sub-Saharan Africa Grantmaking 2600 East Asia and the Pacific Program Services study abroad 8942 East Asia and the Pacific Program Services marketing 6690 303399 303399 Student Scholarships Cent. America/Caribbean 2 27000 tuition pmt fmv Student Scholarships East Asia/Pacific 6 79611 tuition pmt fmv Student Scholarships Europe/Iceland/Greenland 1 7000 tuition pmt fmv Student Scholarships Middle East/North Africa 1 2500 tuition pmt fmv Student Scholarships North America 1 9500 tuition pmt fmv Student Scholarships South Asia 1 13000 tuition pmt fmv Student Scholarships Sub-Saharan Africa 2 26000 tuition pmt FMV false false true true false false Grant Making Procedures Schedule F, Part I, Line 2 All grants and assistance outside of the United States is given as scholarships toward tuition for foreign students to attend Bay Path College. These scholarships are monitored by the college's Financial Aid staff based on the student's merit and need. X X X X X X X true Washburn and McGoldrick Inc 950 New Loudon Rd Latham NY 12110 false 0 22066 -22066 0 22066 -22066 MA Golf Tournament 24295 14025 10270 9433 620 0 24295 14025 10270 9433 620 10053 217 true Scholarships & Aid to Students 10750806 fmv Schedule I, Part I, Line 2 Bay Path College receives grant money from federal and state government for student financial aid. This grant money is disbursed to the student accounts as it is received by the college. The student awards are based on the federal and state guidelines for each grant type. X X X X true true X X X X X X false false false false false false false false false Carol Leary 324072 0 0 0 7290 0 39462 0 57651 0 428475 0 0 0 Michael Giampietro 166503 0 0 0 207 0 14832 0 15322 0 196864 0 0 0 William Sipple 101826 0 0 0 551 0 8524 0 6256 0 117157 0 0 0 Caron Hobin 120470 0 0 0 418 0 11809 0 17474 0 150171 0 0 0 MElissa Morriss-Olson 170270 0 0 0 328 0 15146 0 4464 0 190208 0 0 0 Schedule J, Part I, Line 1a Housing THE COLLEGE PRESIDENT RESIDES IN A COLLEGE-OWNED RESIDENCE CONTIGUOUS TO THE CAMPUS AS REQUIRED IN HER EMPLOYMENT CONTRACT. NUMEROUS FUNCTIONS TAKE PLACE AT THE PRESIDENT'S RESIDENCE IN SUPPORT OF THE COLLEGE'S MISSION. DONORS, STAFF AND MOST IMPORTANTLY STUDENTS ARE WELCOMED THROUGHOUT THE YEAR. THE AVAILABILITY AND APPROACHABILITY OF THE COLLEGE PRESIDENT IS A KEY ELEMENT TO INSTILLING THE SENSE OF COMMUNITY AND CARING THAT IS CENTRAL TO THE COLLEGE'S MISSION. Personal Services GIVEN THE VISIBILITY OF AND MANY FUNCTIONS/MEETINGS THAT TAKE PLACE AT THE PRESIDENT'S RESIDENCE. A COLLEGE EMPLOYEE CLEANS THE HOME, AT VIRTUALLY NO EXTRA COST TO THE COLLEGE. Travel for Companions THE PRESIDENT'S EMPLOYMENT CONTRACT ALLOWS FOR SPOUSAL TRAVEL, HOWEVER, THIS TRAVEL IS ON A LIMITED BASIS, TYPICALLY INVOLVING THE SPOUSE'S SERVICE AS A CHAPERONE WHEN HE ACCOMPANIES THE PRESIDENT ON THE ANNUAL HONOR STUDENTS' TRIP TO A WORLD CAPITAL. Health or Social Dues THE COLLEGE PAYS FOR THE PRESIDENT'S MEMBERSHIP IN A LOCAL COUNTRY CLUB AND SOCIAL CLUB, ENTIRELY FOR BUSINESS PURPOSES. Massachusetts Development Finance Agency 043431814 2006-12-28 8000000 Renovate academic building, parkin false false false 0 0 8000000 0 0 0 78698 0 0 7921305 0 0 2008 false false true true false false false false 0.00000 0.00000 0.00000 true false false false 0 false 0 false false X Jo-Ann Sipple Spouse of Former officer 29481 employment false Mary Lou DiGiacomo Spouse of Trustee 14033 employment false mary Gerrais Spouse of Trustee 34815 employment false X 12 79593 fmv false true true Schedule M, Line 32B The College uses a third party to sell stock gifts. Form 990, Part VI, Section B, Line 11b THE COMPLETED FORM IS REVIEWED BY THE COLLEGE'S VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AT THEIR MAY MEETING WHICH IS HELD ONE MONTH PRIOR TO THE MEETING OF THE FULL BOARD OF TRUSTEES, AT WHICH TIME THE AUDIT COMMITTEE CHAIRPERSON DELIVERS A SUMMARY REPORT. PRIOR TO THE FILING OF THE FORM 990, A PUBLIC DISCLOSURE COPY IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES ONLINE VIA THE COLLEGE'S TRUSTEES' PORTAL. Form 990, Part VI, Section B, Line 12c IN ACCORDANCE WITH ARTICLE XV OF THE BAY PATH COLLEGE BYLAWS AND THE COLLEGE CONFLICT OF INTEREST POLICY FOR TRUSTEES, ALL TRUSTEES AND OFFICERS OF THE COLLEGE MUST ANNUALLY DISCLOSE IN WRITING TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANY POSSIBLE CONFLICT OF INTEREST. ANY NEW TRUSTEE ADMITTED TO THE BOARD MUST COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AT THE TIME OF ADMITTANCE. IF ANY SITUATION AFFECTING THE INTEREST OF A TRUSTEE OCCURS BETWEEN ANNUAL DISCLOSURE, AN UPDATED DECLARATION CONCERNING CONFLICT OF INTEREST POLICY MUST BE COMPLETED AND SUBMITTED TO THE AUDIT COMMITTEE AT THE EARLIEST PRACTICAL TIME. A LETTER IS MAILED VIA U.S. POSTAL SERVICES TO THE BOARD OF TRUSTEES AND OFFICERS OF THE COLLEGE EXPLAINING THE POLICY REQUIREMENTS, ALONG WITH A CONFLICT OF INTEREST QUESTIONNAIRE AND A POSTAGE-PAID ENVELOPE. THE LETTER DIRECTS THE TRUSTEES AND OFFICERS TO COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE AND RETURN IT TO THE SECRETARY OF THE BOARD BY A SPECIFIED DATE. THE SECRETARY OF THE BOARD OF TRUSTEES PROVIDES THE COMPLETED QUESTIONNAIRES TO THE AUDIT COMMITTEE FOR THEIR SCHEDULED SPRING MEETING FOR THEIR REVIEW AND ACTION. ALL COLLEGE EMPLOYEES ALSO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM. IF AN EMPLOYEE DISCLOSES ACTIVE OR INTENDED PARTICIPATION IN AN ACTIVITY THAT IS A POTENTIAL CONFLICT OF INTEREST, THE SUPERVISOR AND DIVISIONAL VICE PRESIDENT WILL EVALUATE THE DISCLOSURE TO DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. THE EMPLOYEE MAY BE ASKED TO DISCONTINUE PARTICIPATION IN THE ACTIVITY IF DETERMINED TO BE A CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15 THE COMPENSATION SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY FOR REVIEWING AND RECOMMENDING THE COLLEGE PRESIDENT'S AND OFFICERS'/KEY EMPLOYEES' COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE SUB-COMMITTEE CONSIDERS COMPARATIVE DATA FROM PEER INSTITUTIONS, OTHER WOMEN'S COLLEGES AND OTHER COLLEGES IN MASSACHSETTS IN DETERMINING THE AMOUNT OF COMPENSATION. THE SUB-COMMITTEE ALSO REVIEWS ACCOMPLISHMENTS IN COMPARISON TO PLANNED GOALS AND OBJECTIVES. THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT BOARD MEMBERS, APPROVES THE PRESIDENT'S AND OFFICERS'/KEY EMPLOYEES' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FORMS 990 AND 990T ARE AVAILABLE FOR PUBLIC INSPECTION AT THE PRINCIPAL OFFICE. IN ADDITION,THE COLLEGE'S FORM 990, Massachusetts FORM PC, BY-LAWS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL. ANY REQUESTS MADE OF THE COLLEGE FOR COPIES OF THE BY-LAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE DIRECTED TO THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES TO DETERMINE THE APPROPRIATE RESPONSE. FORM 990, PART XI, LINE 5 CHANGES IN NET ASSETS NET UNREALIZED LOSSES ON INVESTMENTS (1,625,908) CHANGE IN ASSET RETIREMENT OBLIGATION 15,100 ----------- TOTAL Changes in Net Assets (1,610,808) Travel Education Center 588 Longmeadow Street Longmeadow MA 01106 042589394 travel education MA s corp -965 10282 1.00000 false false false false false false false false false false false false false false false false false false