2013-05-15T10:38:08-04:00 2012-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2011-07-01 042103629 Simmons College % SUSAN HACKER INTERIM COMPTR SIMM 6175212877 300 The Fenway Boston MA 02115 SUSAN HACKER 2013-05-14 true 6175305000 2011 2016-02-24 21:20:13Z Helen Drinan 300 The Fenway Boston MA 02115 149040949 false X www.simmons.edu X 1899 MA SEE SCHEDULE O 37 36 3361 1591 1109355 -64355 11168402 15295170 130078156 130424295 9237566 375825 3500164 2945659 153984288 149040949 24140161 25702903 0 0 66718513 69962238 45510 20910 2860000 52210743 49481958 143114927 145168009 10869361 3872940 415872241 412424483 210398005 207492334 205474236 204932149 X SEE SCHEDULE O. false false 50018346 21864932 56859402 INSTRUCTION - UNDERGRADUATE PROGRAMS: SIMMONS IS A PRIVATE, NONSECTARIAN INSTITUTION LOCATED IN BOSTON'S FENWAY AREA, AND CURRENTLY SERVES 1,785 UNDERGRADUATE WOMEN. DURING THE 2012 ACADEMIC YEAR, THE COLLEGE CONFERRED 493 BACCALAUREATE DEGREES. INSTRUCTION INCLUDES EXPENDITURES FOR THE UNDERGRADUATE PROGRAM AS WELL AS FINANCIAL AID PROVIDED BY THE COLLEGE TO STUDENTS IN THE FORM OF SCHOLARSHIPS AND GRANTS. APPROXIMATELY 82% OF UNDERGRADUATES RECEIVED FINANCIAL AID IN THE FORM OF SCHOLARSHIPS OR GRANTS FROM THE COLLEGE. 30651482 3837971 54153296 INSTRUCTION - GRADUATE PROGRAMS: SIMMONS CURRENTLY SERVES 3,000 MEN AND WOMEN IN FIVE GRADUATE PROGRAMS AT THE MASTER AND DOCTORAL LEVELS. THESE PROGRAMS ARE HOUSED IN THE GRADUATE SCHOOL OF LIBRARY AND INFORMATION SCIENCE, THE SCHOOL OF SOCIAL WORK, THE SCHOOL OF MANAGEMENT, THE SCHOOL OF NURSING AND HEALTH SCIENCE AND IN THE COLLEGE OF ARTS AND SCIENCES. DURING THE 2012 ACADEMIC YEAR, THE COLLEGE CONFERRED 1,208 GRADUATE DEGREES. INSTRUCTION INCLUDES EXPENDITURES FOR THE GRADUATE PROGRAMS AS WELL AS FINANCIAL AID. APPROXIMATELY 21% OF GRADUATE STUDENTS RECEIVE FINANCIAL AID IN THE FORM OF SCHOLARSHIPS OR GRANTS FROM THE COLLEGE. 22289089 See Schedule O. 12847639 19411597 115806556 true true false true false false false true true true true false false false true false true false true false true false false true false false false false true true true false false false false false false false false false true true false false false false true true true false false true 249 0 true 3361 true true true false false false false false false false false false X 37 36 false false false false true true false true true false false true true true true true true true true false MA X SUSAN HACKER INTERIM COMPTR 6175212010 300 THE FENWAY Boston MA 02115 X Helen G Drinan 40.0 X X 446716 0 250857 Carmen Aponte Baez 1.0 X 0 0 0 Lauren Brisky 10.0 X 0 0 0 Deborah C Brittain 4.0 X 0 0 0 Jane Buyers-Russo 1.0 X 0 0 0 Jennifer A Kelly Choi 4.0 X 0 0 0 Barbara Latz Cohen 1.0 X 0 0 0 Dwight B Crane 4.0 X 0 0 0 Joyce L Elden 4.0 X 0 0 0 Atsuko Toko Fish 1.0 X 0 0 0 Jim Flynn 1.0 X 0 0 0 Jill A Greenthal 1.0 X 0 0 0 Karen Hammond 1.0 X 0 0 0 Anne C Hodsdon 1.0 X 0 0 0 John W Humphrey 1.0 X 0 0 0 Stephen P Jonas 4.0 X 0 0 0 Kathleen Morrisey LaPoint 4.0 X 0 0 0 Ngina Lythcott 1.0 X 0 0 0 Judy Samdperil Mann 1.0 X 0 0 0 Stephen P McCandless 4.0 X 0 0 0 Jacqueline C Morby 1.0 X 0 0 0 Susan A Ollila 4.0 X 0 0 0 Denise Pappas 1.0 X 0 0 0 Regina M Pisa 4.0 X 0 0 0 Christian Pope Campbell 1.0 X 0 0 0 Carol Waller Pope 1.0 X 0 0 0 Faith M Richardson 1.0 X 0 0 0 Jo-Ann Robotti 4.0 X 0 0 0 Emily Scott Pottruck 1.0 X 0 0 0 Carole Seigel 1.0 X 0 0 0 Toby M Sloane 1.0 X 0 0 0 Paula A Sneed 1.0 X 0 0 0 Winston Tabb 1.0 X 0 0 0 Janet Trafton Tobin 1.0 X 0 0 0 Andrea K Waldstein 1.0 X 0 0 0 Roslyn M Watson 4.0 X 0 0 0 Amy E White 4.0 X 0 0 0 Charlena Seymour 40.0 X 277266 0 25463 Stefano Falconi 40.0 X 299473 0 44923 Cheryl E Howard 40.0 X 230031 0 21619 Kathleen B Rogers 40.0 X 193060 0 54915 Deborah G Taft 40.0 X 135244 0 17359 Sarah H Neill 40.0 X 172783 0 23728 Michele V Cloonan 40.0 X 219045 0 21617 Stefan Krug 40.0 X 182081 0 41765 Gerald P Koocher 40.0 X 176358 0 36716 Diane Grossman 40.0 X 210317 0 20645 Andrew Effrat 40.0 X 212004 0 18415 2754378 0 578022 98 false true false Aramark 1101 Market Street PHILADELPHIA PA 19107 food serviceS 2997454 Unicco serviceS company 4002 SOLUTIONS CENTER CHICAGO IL 606774000 facilities mgmt 2459032 WALSH BROTHERS 210 COMMERCIAL STREET BOSTON MA 02109 GENERAL CONTRACTOR 1190990 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 611016 ROBERT D CONNORS 400 WEST COMMINGS PARK STE 1725-18 WOBURN MA 01801 GENERAL CONTRACTOR 587972 29 3356920 11938250 1046579 15295170 TUITION AND FEES 900099 111012697 111012697 AUXILIARY ENTERPRISES 900099 15633893 15633893 OTHER SOURCES 900099 3777705 3739877 37828 130424295 920313 -89616 1009929 0 0 2945659 2945659 2945659 1161143 1784516 -1914496 1370008 -1914496 1370008 -544488 -544488 0 0 0 0 149040949 130386467 1109355 2249957 0 25702903 25702903 0 0 1911315 1646291 265024 0 53794689 43178826 9047736 1568127 3228939 2512070 611875 104994 7095138 5519920 1294588 280630 3932157 3059164 745133 127860 0 621616 57155 564461 232858 232858 110000 110000 20910 20910 295923 49054 246869 1826779 1331205 405882 89692 753870 133894 618919 1057 745191 656137 83921 5133 2047502 1224276 785644 37582 0 3682497 3118484 564013 1665295 1370019 188245 107031 0 294299 217369 68704 8226 7612899 5564668 2048231 0 12274202 10688040 1586162 576564 16044 560520 CONTRACTED SERVICES 8233976 5763620 2455659 14697 FOOD SERVICE EXPENSE 4107888 3373585 641602 92701 LIBRARY EXPENSES 679788 656275 16186 7327 PRINTING & PUBLICATION 886847 160290 636266 90291 2833964 1453558 1341688 38718 145168009 115806556 26501453 2860000 0 8872369 39631099 32053289 0 0 4987552 5714785 0 0 0 0 0 0 0 0 4950737 4982801 293336062 99714530 197162787 193621532 159273190 155214681 0 0 0 0 0 0 9866876 11965026 415872241 412424483 15378064 11697379 0 0 1643332 5808210 183534023 180243263 814713 891762 0 0 0 0 0 0 9027873 8851720 210398005 207492334 X 76812434 78049259 67894158 63662978 60767644 63219912 205474236 204932149 415872241 412424483 X 3872940 -4415027 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false true 110000 true 1 110001 false false Schedule C, Part II-B, Lines 1h & 1I Simmons College is a member of various educational associations which may engage in lobbying activities on its behalf. Simmons College is not aware of the actual amount of member fees associated with such lobbying efforts. The College incurred lobbying expenditures from payments made to two consultants who assist in the development and presentation of institutional initiatives for consideration by the state legislature. X X X false false true 161839794 3048249 -1431324 1604708 5233635 156618376 141511154 2924080 24430493 1396601 5629332 161839794 140053294 3007951 7117233 1321357 7345967 141511154 183407381 3089720 -37983035 1669530 6791242 140053294 0.30000 0.70000 0.00000 true false 815000 815000 244007169 70362976 173644193 48513893 29351554 19162339 193621532 0 LOAN PAYABLE 1185185 U.S. GOVERNMENT LOAN ADVANCES 3246469 OTHER LIABILITIES 3471645 DEPOSIT PAYABLE 948421 8851720 149040949 145168009 3872940 -1167467 -3247560 -4415027 -542087 122170579 -1167467 -25702903 -26870370 149040949 149040949 119465106 119465106 25702903 25702903 145168009 Schedule D, Part III, Line 4 The Simmons College art collection is comprised of paintings, drawings, prints, sculpture, and photography which is used to support the college's curriculum. Schedule D, Part IV, Line 2b The College maintains agency accounts for Alumnni and student groups. The college acts as a fiscal agent for the funds. Schedule D, Part V, Line 4 The Simmons Endowment Fund is used to support the educational mission of the college. It is intended to provide an intergenerational source of funding for student scholarships, research, instructional programs, and general operations of the College. Schedule D, Part X - Fin 48 Simmons College does not have a FIN 48 footnote as any uncertain tax positions were deemed immaterial for the year ended June 30, 2012. Schedule D, Part XI Line 8 Prior Period Adjustments ($ 3,247,560) Schedule D, Part XII, Line 2d Student Aid ($25,702,903) Schedule D, Part XIII, Line 4b Student Aid $25,702,903 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 A DESCRIPTION OF THE COLLEGE'S NON-DISCRIMINATORY POLICY IS PUBLISHED IN ITS ADMISSION AND RECRUITING PUBLICATIONS AND IN THE STUDENT HANDBOOK. IT IS ALSO POSTED IN SEVERAL LOCATIONS ON THE COLLEGE'S WEBSITE UNDER "POLICIES," THE OFFICE OF GENERAL COUNSEL, AND HUMAN RESOURCES. SCHEDULE E, PART I, LINE 6A SIMMONS COLLEGE RECEIVES FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES IN SUPPORT OF THE COLLEGE'S EDUCATIONAL MISSION. Central America and the Caribbean Program Services study abroad Central America and the Caribbean Program Services Research East Asia and the Pacific Program Services study abroad East Asia and the Pacific Program Services workshops East Asia and the Pacific Program Services prof. development East Asia and the Pacific Program Services recruitment East Asia and the Pacific Program Services research Europe (Including Iceland and Greenland) Program Services academic support Europe (Including Iceland and Greenland) Program Services study abroad Europe (Including Iceland and Greenland) Program Services prof. development Europe (Including Iceland and Greenland) Program Services recruitment Europe (Including Iceland and Greenland) Program Services research Middle East and North Africa Program Services study abroad Middle East and North Africa Program Services research North America Program Services academic support North America Program Services workshops North America Program Services prof. development North America Program Services recruitment North America Program Services research South America Program Services research Sub-Saharan Africa Program Services conferences Sub-Saharan Africa Program Services research Europe (Including Iceland and Greenland) Investments 8250000 Central America and the Caribbean Investments 25296229 33546229 33546229 true false true true true false Form 990, Part I, Line 3, Column (F) The organization does not currently track foreign expenditures for each program separately for its financial statements. Therefore, pursuant to IRS Guidance, expenditures are not required to be reported in this column for the current year (with the exception of investments). X X X X X X true MARTS LUNDY CONSULTING false 0 20910 0 20910 MA true Student Financial Aid 2420 25702903 Schedule I, Part I, Line 2 Academic excellence and demonstrated financial need are used to determine each student's financial aid. The financial aid consists of any combination of grants and loans and are reviewed each year based on a student's academic record and/or demonstrated need. The free application for federal student aid, which helps to establish a student's financial need, serves as the application for tuition scholarships. Schedule I, Part III Cash grants are credits to student accounts. X X X false true X X X X X false true false false false false false false false Helen G Drinan 395354 0 0 0 51362 0 247050 0 3807 0 697573 0 0 0 Michele V Cloonan 208500 0 0 0 10545 0 19800 0 1817 0 240662 0 0 0 Stefan Krug 180868 0 0 0 1213 0 17100 0 24665 0 223846 0 0 0 Gerald P Koocher 157390 0 0 0 18968 0 16650 0 20066 0 213074 0 0 0 Diane Grossman 208218 0 0 0 2099 0 18900 0 1745 0 230962 0 0 0 Charlena Seymour 273942 0 0 0 3324 0 22050 0 3413 0 302729 0 0 0 Stefano Falconi 297332 0 0 0 2141 0 22050 0 22873 0 344396 0 0 0 Cheryl E Howard 227700 0 0 0 2331 0 20655 0 964 0 251650 0 0 0 Kathleen B Rogers 191650 0 0 0 1410 0 18000 0 36915 0 247975 0 0 0 Andrew Effrat 203138 0 0 0 8866 0 18300 0 115 0 230419 0 0 0 Deborah G Taft 128171 0 0 0 7073 0 11798 0 5561 0 152603 0 0 0 Sarah H Neill 170770 0 0 0 2013 0 15750 0 7978 0 196511 0 0 0 Schedule J, Part I, Line 1a THE COLLEGE POLICIES ALLOW THE PRESIDENT TO TRAVEL FIRST-CLASS UNDER CERTAIN CIRCUMSTANCES. SPOUSAL TRAVEL WAS PROVIDED FOR THE SPOUSE OF HELEN DRINAN, PRESIDENT. THIS TRAVEL IS PRIMARILY FOR BUSINESS PURPOSES. HOWEVER, WHEN IT IS DETERMINED THAT THE TRAVEL IS NOT FOR BUSINESS PURPOSES IT IS REPORTED AS TAXABLE COMPENSATION. HOUSING ALLOWANCES WERE PROVIDED TO HELEN DRINAN, PRESIDENT AND ANDREW EFFRAT, ASSOCIATE PROVOST, AND WAS CONSIDERED TAXABLE AND WAS INCLUDED IN THEIR TAXABLE INCOME. SCHEDULE J, PART I, LINE 1B THE COLLEGE HAS A WRITTEN POLICY REGARDING SPOUSAL TRAVEL. ON OCCASION, OTHER BENEFITS LISTED IN QUESTION 1A OF SCHEDULE J MAY BE PROVIDED, BUT ONLY PURSUANT TO A VOTE OF APPROVAL BY THE BOARD OF TRUSTEES. SCHEDULE J, PART I, LINE 4B DURING CALENDAR YEAR 2011, THE COLLEGE ENTERED INTO A SUPPLEMENTAL RETIREMENT AGREEMENT (SRA) WITH THE PRESIDENT. UNDER THE SRA THE COLLEGE WAS REQUIRED TO MAKE AN INITIAL LUMP SUM DEFERRAL FOR THE BENEFIT OF THE PRESIDENT. THE COLLEGE WILL MAKE ADDITIONAL DEFERRALS FROM 0 TO 30 PERCENT OF THE PRESIDENT'S BASE PAY, IN THE SOLE DISCRETION OF THE BOARD, FOR EACH YEAR THROUGH THE FISCAL YEAR ENDING JUNE 30, 2016. AMOUNTS DEFERRED ARE SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET IN THE DISCRETION OF THE BOARD. FOR CALENDAR YEAR 2011, THE AMOUNT DEFERRED WAS $225,000. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION. SIMMONS COLLEGE MHEFA REVENUE BOND SERIES F 042456011 57585K2U1 2003-04-23 38115744 RENOVATIONS & IMPROVEMENTS false false false SIMMONS COLLEGE MDFA REVENUE BOND SERIES G 043431814 57583REX9 2006-01-12 49610000 NEW ACADEMIC BLDG, GARAGE, & OTHER false false false SIMMONS COLLEGE MDFA REVENUE BOND SERIES H 043431814 57583RJG1 2007-01-04 45343798 CONSTR & REFI SERIES C, D, F BONDS false false false SIMMONS COLLEGE MHEFA REVENUE BOND SERIES I 042456011 57586EEL1 2009-01-22 59998380 REFIN E BOND, CONSTRUCT, SWAP TERM false false false 4275121 31065000 38115744 0 0 0 421188 597351 1847000 35250205 0 0 2006 false false true true 0 0 49610000 0 0 0 563922 732819 2480500 44020416 1813175 0 2009 false false true true 2588696 0 45343798 0 0 31416358 575599 485410 78236 0 12565736 0 false true 0 0 59998380 5976742 0 0 1199968 0 2466655 19215015 31140000 0 2009 true false true true false true false false 0.00000 0.00000 0.00000 true false false true true false 0.00000 0.00000 0.00000 true false true false false 0.00000 0.00000 0.00000 true false false true true false 0.00000 0.00000 0.00000 true false false false 0 true MBIA INC 2.3 true false false false true false 0 false 0 false false false false false 0 false 0 false false false false false 0 false 0 false false X SEE SCHEDULE O 0 Blue Cross Blue Shield President is director 5287815 Medical Insurance Coverage false Schedule L, Part IV President Drinan is a member of the board of directors of Blue Cross Blue Shield. X 71 1046579 FAIR MARKET VALUE 0 false true false Schedule M, Part I, Column (B) The amounts listed in column (b) represent total number of contributions received, not individual items. Form 990, Part I, Line 1, and Part III, Line 1 MISSION STATEMENT SIMMONS COLLEGE EXISTS TO EDUCATE, EMPOWER AND TRANSFORM THE LIVES OF ITS STUDENTS, PREPARING THEM FOR LEADERSHIP IN THE PROFESSIONS, IN THEIR COMMUNITIES, AND IN THE WORLD. SIMMONS' ENDURING COMMITMENT IS TO PROVIDE AN EXCEPTIONAL HIGHER EDUCATION EXPERIENCE THAT DISTINCTIVELY INTEGRATES THEORY AND PRACTICE; ACADEMIC EXCELLENCE IN THE LIBERAL ARTS AND SCIENCES COMBINED WITH RIGOROUS PROFESSIONAL TRAINING. SIMMONS' HISTORY IS ROOTED IN VISIONARY THINKING AND SOCIAL RESPONSIBILITY; OUR MANDATE TO PREPARE UNDERGRADUATE WOMEN FOR PROFESSIONAL SUCCESS AND MEANINGFUL LIVES REMAINS AT THE CORE OF OUR MISSION. OUR GRADUATE SCHOOLS SERVE WOMEN AND MEN WHO ARE PASSIONATE ABOUT LEARNING, LEADING, AND MAKING A DIFFERENCE IN THEIR PROFESSIONS. SIMMONS STUDENTS GRADUATE INTELLECTUALLY EQUIPPED, PROFESSIONALLY SKILLED AND TECHNOLOGICALLY PROFICIENT FOR CUTTING-EDGE CAREERS THAT ADDRESS OUR GLOBAL SOCIETY'S GREATEST CHALLENGES AND UNMET NEEDS, TODAY AND IN THE FUTURE. FORM 990, PART III, LINE 4C ACADEMIC SUPPORT AND STUDENT SERVICES: INCLUDES EXPENDITURES FOR ACTIVITIES THAT SUPPORT AND ENHANCE THE STUDENT'S EDUCATION, AS WELL AS CONTRIBUTE TO THEIR EMOTIONAL AND PHYSICAL WELL-BEING. INCLUDED IN THIS CATEGORY IS THE COLLEGE LIBRARY WHICH HOUSES OVER 264,300 BOUND BOOKS AND PERIODICALS, CARRIES OVER 420 PRINT PERIODICAL SUBSCRIPTIONS, AND PROVIDES ACCESS TO OVER 26,470 E-BOOKS, 56,543 FULL TEXT E-JOURNALS, AND 121 ELECTRONIC DATABASES. DURING FISCAL YEAR 2012, BOOK CIRCULATIONS PROVIDED TO STUDENTS FROM THE SIMMONS LIBRARY TOTALED 37,220 WHILE CIRCULATIONS OF E-RESERVES TOTALED 78,413. ALSO INCLUDED IN THIS CATEGORY IS THE COLLEGE'S HEALTH CENTER WHOSE STAFF HANDLED OVER 4,200 STUDENT/PATIENT VISITS DURING FISCAL YEAR 2012. ANOTHER COMPONENT OF THIS CATEGORY IS THE OFFICE OF CAREER EDUCATIONAL SERVICES WHICH HAD 2,459 STUDENT CONTACTS DURING FISCAL YEAR 2012 THROUGH MULTIPLE CHANNELS SUCH AS CAREER COACHING, IN-CLASS WORKSHOPS, RECRUITMENT ACTIVITIES AND CAREER FAIRS. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES ARE COMPRISED OF SPONSORED RESEARCH AND WORK STUDY, AUXILIARY OPERATIONS, AND MISCELLANEOUS PROGRAM SERVICE EXPENSES. FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTS OF THE CHAIR AND THE VICE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT, THE CHAIRS OF THE FINANCE COMMITTEE, THE AUDIT COMMITTEE, AND THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE, THE CHAIRS OF ANY OTHER STANDING COMMITTEES OF THE BOARD OF TRUSTEES, AND ANY OTHER TRUSTEES AS MAY BE DESIGNATED BY THE BOARD OF TRUSTEES FROM TIME TO TIME. IN BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE HAS THE FULL POWER AND AUTHORITY OF THE BOARD OF TRUSTEES, EXCEPT TO SELL REAL ESTATE AND TO CONFER DEGREES. Form 990, Part VI, Lines 6 & 7a SIMMONS CURRENTLY HAS 57 CORPORATORS (THE CORPORATION): 37 MEMBERS OF THE BOARD OF TRUSTEES PLUS 20 ADDITIONAL MEMBERS SERVING AS A CONSULTATIVE BODY TO THE PRESIDENT AND BOARD OF TRUSTEES, AND AS NON-VOTING MEMBERS OF FOUR BOARD COMMITTEES. THE CORPORATION'S PRIMARY DUTIES ARE TO ELECT ANNUALLY THE TRUSTEE MEMBERSHIP AND AMEND THE SIMMONS' BY-LAWS. FORM 990, PART VI, LINE 11B THE FORM 990 IS PREPARED AND SIGNED BY PRICEWATERHOUSECOOPERS AS PAID PREPARER. THE FORM 990 IS REVIEWED WITH THE AUDIT COMMITTEE, AND THE COMPENSATION SECTIONS OF THE FORM 990 ARE REVIEWED WITH THE COMPENSATION COMMITTEE. THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO THE FORM'S FILING WITH THE IRS. FORM 990, PART VI, LINE 12C IN ITS CONFLICT OF INTEREST DISCLOSURE FORM THE COLLEGE ASKS ALL TRUSTEES AND OFFICERS TO DECLARE ANY CONFLICT OF INTEREST. COMPLETED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REVIEWED BY THE GENERAL COUNSEL WHO ALSO SERVES AS SECRETARY TO THE BOARD. THE GENERAL COUNSEL PREPARES A WRITTEN REPORT FOR THE AUDIT COMMITTEE WHICH SETS FORTH ALL DISCLOSURE OR COMMENTS MADE BY RESPONDENTS CONCERNING POTENTIAL OR ACTUAL CONFLICTS AND THAT REPORT IS PRESENTED TO THE AUDIT COMMITTEE, PRESIDENT AND BOARD CHAIR FOR DISCUSSION AND NECESSARY FOLLOW-UP EACH YEAR. AT A MINIMUM, THOSE WITH CONFLICTS ARE INSTRUCTED TO REFRAIN FROM VOTING ON MATTERS WHERE THERE ARE OR MAY BE PERCEIVED TO BE A CONFLICT AND TO RECUSE THEMSELVES DURING ANY DISCUSSION OF THE ISSUE. FORM 990, PART VI, LINE 15 THE EXECUTIVE DEVELOPMENT AND COMPENSATION COMMITTEE IS GOVERNED BY A DETAILED CHARTER WHICH GRANTS IT JURISDICTION OVER COMPENSATION MATTERS FOR ALL SIMMONS OFFICERS. THE PRESIDENT MAKES SALARY RECOMMENDATIONS FOR THE OFFICERS EACH YEAR TO THE COMPENSATION COMMITTEE AND THE COMMITTEE REVIEWS THE PERFORMANCE OF THE OFFICERS AGAINST SALARY DATA PREPARED BY EXTERNAL COMPENSATION EXPERTS. THE COMMITTEE THEN MAKES RECOMMENDATIONS FOR OFFICER SALARIES TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, LINE 19 SIMMONS COLLEGE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE POSTED ON THE COLLEGE'S WEBSITE. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS UNREALIZED (LOSS) ON INVESTMENTS ($1,167,467) PRIOR PERIOD ADJUSTMENTS ($3,247,560) ------------ TOTAL ($4,415,027) Schedule K, Part II, Line 3 Column (d) $31,140,000 of the MHEFA Revenue Bonds Series I proceeds were used to refund Series E bonds. Schedule K, Part II, Line 13 Column (c) The year of substantial completion for the MDFA Revenue Bonds Series H has been left blank because this issue was entirely for an advance refunding. Schedule K, Part III, Lines 4-5 During the year ended June 30, 2012, Simmons College had facilities that were partially financed with tax-exempt bonds. Simmons also used its own equity in those projects. For each project that was partially financed with tax exempt bonds, Simmons elected to allocate private business use first to its equity investment. CHARITABLE REMAINDER TRUST (5) FUNDRAISING MA NA T POOLED INCOME FUND (1) FUNDRAISING MA NA T false false false false false false false false false false false false false false false false false true CHARITABLE REMAINDER TRUST (1) R 168000 CASH POOLED INCOME FUND (1) R 71508 CASH SCHEDULE R, PART IV, LINE 1 CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS AND OHIO.