2012-03-23T11:13:07-07:00 2011-06-30 990 2010-07-01 131628149 BARNARD COLLEGE BARN 2128547732 3009 BROADWAY NEW YORK NY 10027 Gregory N Brown 2128542003 2012-03-23 2010 2016-02-24 21:20:13Z Gregory N Brown 3009 Broadway New York NY 10027 201933722 0 X www.barnard.edu X 1889 NY Barnard College aims to provide the highest quality liberal arts education to promising and high-achieving young women, offering the unparalleled advantages of an outstanding residential college in partnership with a major research university. (see Schedule O for Barnard College's mission statement) 25 24 2624 300 0 0 22343345 25973600 113577673 121015211 3210541 6535158 1409125 1097669 140540684 154621638 26314989 28435871 0 0 68910097 74054428 170645 156454 4504111 49774892 50673086 145170623 153319839 -4629939 1301799 416148460 443828441 144616423 140050528 271532037 303777913 X See Schedule O for Barnard College's mission statement. 0 0 101547489 28435871 93319612 Post-Secondary Education: A Barnard education provides women with the tools and techniques needed to think critically and act effectively in the world today. It fosters a respect for learning, an aptitude for analysis, and a competence in the demanding disciplines of the liberal arts and sciences. By virtue of its special mission and location, Barnard women strengthen their insight into interconnected worlds of knowledge and experience and bolster their confidence in forging ahead with their ideas, well-prepared and unafraid. 30195857 0 27695599 Auxiliary Enterprises - Provides services to students for a fee that is directly related to, although not necessarily equal to, the cost of the services. This category includes Housing, Dining Services, Health and Counseling Srevices, and Summer and Precollege Programs. 0 0 0 131743346 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 X 335120 0 1 2624 1 1 0 1 UK 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Eileen M DiBenedetto 2128547732 3009 Broadway New York NY 10027 Judith E Boies 5 X 0 0 0 Lee C Bollinger 5 X 0 0 0 Binta Niambi Brown 5 X 0 0 0 Jolyne Caruso Fitzgerald 5 X 0 0 0 Lois G Champy 5 X 0 0 0 Lisa S Cohen 5 X 0 0 0 Dina Deluca Chartouni 5 X 0 0 0 James M Dow 5 X 0 0 0 Joan Freilich 5 X 0 0 0 Nancy A Garvey 5 X 0 0 0 Sibyl R Golden 5 X 0 0 0 Alison Estabrook 5 X 0 0 0 Linda Fayne Levinson 5 X 0 0 0 Myrna Fishman Fawcett 5 X 0 0 0 MaryAnn LoFrumento 5 X 0 0 0 Cheryl G Milstein 5 X 0 0 0 Anthony W Marx 5 X 0 0 0 Azita Raji 5 X 0 0 0 William R Reid 5 X 0 0 0 Eric R Rosenfeld 5 X 0 0 0 Frances l Sadler 5 X 0 0 0 Ravi Singh 5 X 0 0 0 Cynthia Stivers 5 X 0 0 0 Maureen Strafford 5 X 0 0 0 Diana T Vagelos 5 X 0 0 0 Debora Spar 40 X X 418315 0 88329 Gregory N Brown 40 X 233946 0 48940 Elizabeth S Boylan 40 X 223481 0 47255 Dorothy S Denburg 40 X 163028 0 64567 Lisa Gamsu 40 X 176158 0 34400 Avis Hinkson 40 X 0 0 0 Joanne Kwong 40 X 148543 0 36246 Vivian Taylor 40 X 110627 0 35818 Bret Silver 40 X 0 0 0 Peter Balsam 40 X 192912 0 46679 Robert McCaughey 40 X 193380 0 41758 Dusa McDuff 40 X 223588 0 42042 Anne L Prescott 40 X 192318 0 34897 Rae Silver 40 X 289757 0 50207 Michael S Feierman 40 X 156642 0 52462 Roberta Mark 40 X 281834 0 50582 Rosa Alonso 5 X 0 0 0 Laura Jacobs Blankfein 5 X 0 0 0 Jeanine Plottel 5 X 0 0 0 Zahava B Straus 5 X 0 0 0 3004529 0 674182 118 1 1 0 Weiss Manfredi Architects 130 West 29th Street New York NY 10012 Architectural Service 193920 KPMG LLP Dept 0511 PO Box 120001 Dallas TX 753120511 Auditing Service 172100 Mitchell-Giurgola Architects 693 West 29th Street New York NY 10036 Architectural Service 193920 3 0 0 1974845 0 7195400 16803355 826921 25973600 Tuition and Fees 900099 93033000 93033000 0 0 Sales and Services Auxiliary Enterprise 900099 27695599 27695599 0 0 Toddler Center 900099 286612 286612 0 0 0 0 0 0 121015211 1279722 1279722 0 0 0 0 0 0 0 0 0 0 1818401 0 1161144 0 657257 0 657257 657257 0 0 51282000 0 46026564 0 5255436 0 5255436 5255436 0 0 81400 1974845 124376 -42976 0 -42976 0 0 0 0 0 0 0 0 0 0 0 0 Alumnae Reunion 900099 148506 148506 0 0 Adminstrative Cost Allowance 900099 48373 48373 0 0 286509 286509 0 0 483388 154621638 128691014 0 -42976 0 0 28075180 28075180 360691 360691 0 0 2374807 544039 1590304 240464 0 0 0 0 53229176 44279223 6402920 2547033 5614376 4686234 659480 268662 8378245 6697591 1258297 422357 4457824 3541539 701039 215246 0 0 0 0 209903 35397 173606 900 235300 0 235300 0 0 0 0 0 156454 156454 544791 0 544791 0 0 0 0 0 0 0 0 0 4328829 3007529 1033510 287790 1020242 198517 812925 8800 0 0 0 0 12571080 11411705 1093303 66072 992603 749532 211423 31648 0 0 0 0 930209 773872 151987 4350 4282877 4282877 0 0 0 0 0 0 6561803 5988141 519855 53807 516560 384223 132337 0 Study abroad 2987725 2987725 0 0 Student board 5501030 5501030 0 0 Columbia Agreements 4849543 4849543 0 0 Catering 1011084 534816 413442 62826 Consultant 1732443 870955 736791 124697 2397064 1982987 401072 13005 153319839 131743346 17072382 4504111 28290655 29131728 0 0 20670060 20007258 68019 66557 0 0 0 0 3977429 3557045 978087 171468 3024822 4004904 280053939 128419784 151347799 151634155 12381445 15903494 179504792 208248434 12411910 9449832 0 0 3493442 1653566 416148460 443828441 14620759 13020024 2237949 2186521 3868468 3571465 103265132 100547631 0 0 0 0 1186258 1000000 0 0 19437857 19724887 144616423 140050528 X 87279673 72222529 70334669 112584232 113917695 118971152 271532037 303777913 416148460 443828441 X 1301799 30944077 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 245000 245000 0 0 X 0 184014662 3637098 37263758 4393254 4488747 544791 215488726 165305949 2562445 25699698 3297095 5584906 671429 184014662 212711700 1930101 -39167089 5113537 4235462 819764 165305949 0.13 0.54 0.33 0 0 0 1233967 1233967 0 245832242 103660671 142171571 0 0 0 0 0 29194223 24492222 4702001 0 3793507 266891 3526616 151634155 0 0 Private Equity/Real Assets 61285369 F Emerging Markets 13332981 F Fixed Income 12024223 F Marketable Alternative Strategies (i.e. Hedge Funds) 57065383 F Global Equity Funds 58738399 F Mutual Funds 5802079 F 208248434 Deposit with Trustee 9449832 F 9449832 Miscellaneous Receivables 1375866 Art Donation - Bench 175000 Art Donation - Piano 75000 Other 27700 1653566 0 Liability under split interest agreement 4277205 Postretirement benefits payable 12561977 Asset retirement obligation 2024902 Obligation under derivative instrument 860803 19724887 154621638 153319839 1301799 30944077 0 0 0 0 30944077 32245876 120403000 2562842 0 0 0 2562842 117840158 0 36781480 36781480 154621638 126244000 0 0 0 1285520 1285520 124958480 544791 27816568 28361359 153319839 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The art and historical treasures primarily consist of paintings and drawings maintained for the preservation for future generations. In addition in Fiscal 2011, the College received a marble bench valued at $175,000, and a piano valued $70,000. At June 30, 2011 the value of such assets of the College were $346,145. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment consists of approximately 800 individual funds established for a variety of purposes, including both donor-restricted endowment funds and funds designated by the College to function as endowments (quasi-endowments). Annual spending from the endowment is set at 5% of the rolling three year average of the endowment's market value as of December 31st of the previous year and is approved annually by the Board of Trustees. The College capped the endowment spending for 2011 to the prior year's amount of $8,882,000. This spending was used in accordance with donor or Board restrictions. The donor and Board restrictions include financial aid, instructional support, student internships, faculty research and support, and general operations of the College. The endowment funds listed in 1a through 1g exclude perpetual trusts and pledges of approximately $3.1 million at June 30, 2011. The perpetual trusts are held and administered for Barnard College by unrelated organizations. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College follows the guidance of ASC 740-10, Accounting for Uncertainty in Income Taxes, which addresses the accounting for uncertainties in income taxes recognized in an enterprise's financial statements. The College utilizes a threshold for more-likely than-not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. ASC 740-10 also provides related guidance on the measurement, classification, interest and penalties, and disclosures. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Other consists of Contributions to endowment funds $5,119,000, Contributions for plant improvements $3,598,000, Change in value of split interest agreements $914,000, Financial aid allowance $28,436,000, Fundraising events expense ($124,376), and rental expense for non program service areas ($1,161,144). SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Other consists of fundraising event expense $124,376, and rental expense for non program services areas $1,161,144. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Other consists of Financial aid allowance $28,436,000 Change in value of obligation under derivative instrument $(410,544) and Postretirement benefit cost other than net periodic benefit cost $(208,888). 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Since Barnard College draws its students from a large geographic section (nationwide and worldwide), it does not publicize by newspaper or broadcast media, but includes its nondiscriminatory policy in all of its literature to students, schools and organizations. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Barnard College receives funds from the following federal programs: College Federal Work Study, Basic Educational Opportunity Grants (Pell),Supplementary Educational Opportunity Grants, Federal Perkins Loans, Academic Competitveness Grant, National SMART Grant, and Higher Education Opportunity Grant. Europe (including Iceland and Greenland) 0 0 Program Services Research 109882 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 797388 Europe (including Iceland and Greenland) 0 0 Program Services Admissions 11578 Europe (including Iceland and Greenland) 0 0 Program Services Alum Relations 17145 Europe (including Iceland and Greenland) 0 0 Program Services instruction 21331 Central America and the Caribbean 0 0 Program Services Research 18111 Central America and the Caribbean 0 0 Investments Investments 56522487 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research 18183 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study Abroad 8234 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Admissions 2668 South Asia 0 0 Program Services Research 16000 South Asia 0 0 Program Services Admissions 4640 Sub-Saharan Africa 0 0 Program Services Research 51157 Sub-Saharan Africa 0 0 Program Services Admissions 1803 Sub-Saharan Africa 0 0 Program Services Symposium 123232 Middle East and North Africa 0 0 Program Services Research 9613 Middle East and North Africa 0 0 Program Services Alum Relations 12783 Middle East and North Africa 0 0 Program Services Study Abroad 41580 Middle East and North Africa 0 0 Program Services Admissions 3534 South America 0 0 Program Services Research 4000 South America 0 0 Program Services Study Abroad 4587 South America 0 0 Program Services Admissions 1568 East Asia and the Pacific 0 0 Program Services Research 7108 East Asia and the Pacific 0 0 Program Services Study Abroad 40993 East Asia and the Pacific 0 0 Program Services Research 60998 0 0 57910603 Tuition and Room Discount Central America and the Caribbean 1 0 0 32178 Tuition and Room Discount Tuition and Room Discount East Asia and the Pacific 1 0 0 21658 Tuition and Room Discount Tuition and Room Discount Europe (including Iceland and Greenland) 3 0 0 100409 Tuition and Room Discount Tuition and Room Discount South America 2 0 0 49106 Tuition and Room Discount Tuition and Room Discount Sub-Saharan Africa 2 0 0 106082 Tuition and Room Discount Tuition and Room Discount Middle East and North Africa 1 0 0 51258 Tuition and Room Discount 1 0 1 1 1 0 SchF_P01_S00_L03 Schedule F, Part I, Line 3 (a) (6) As part of the College's endowment, the College owns interest in several Cayman Island limited partnerships. The fair value of such investment at June 30, 2011 amounted to $56,522,487. These investment partnerships hold, directly and indirectly, investments in both domestic and foreign corporations. SchF_P04_S00_L00 Schedule F, Part IV The foreign forms required will be filed by the College by the end of the current fiscal year (June 30, 2012). X X X X X X X 1 Linda B Nelson 881 Main Street South Woodbury CT 06798 Research 0 0 50632 -50632 Prospect Research Inc 80 Eighth Avenue Suite 101 New York NY 10011 Research 0 0 5350 -5350 Karen B Schwartz 29 Washington Avenue Apt 1 Hastings NY 10706 Correspondence 0 0 28700 -28700 Buckley Hall Events 17 19 Marble Avenue Pleasantville NY 10570 Event Mgt 0 2056245 71772 1984473 2056245 156454 1899791 CA CT DC NJ NY Scholarship Gala 2056245 1974845 81400 0 0 0 102485 0 21891 0 0 2056245 1974845 81400 0 0 0 102485 0 21891 124376 -42976 1 Barnard Grants for Tuition/Board Assistance 956 27128399 Basic Educational Opportunity Grants (Pell) 511 2239532 Federal College Work Study 333 264789 Supplementary Educational Opportunity Grants 197 389691 Higher Education Opportunity Grant 91 178000 Academic Competitiveness Grant 229 225900 National Smart Grant 36 134000 Stipends / Honorarium 65 115092 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All Federal financial aid administered by Barnard College is based on demonstrated need as determined by the Federal Methodology formula. However institutional aid is determined using a Barnard Need Analysis formula which takes into consideration all sources of income and all assets. Barnard gives no merit on scholarships. The College believes that the primary responsibility for financing educational cost rests with each student's family, and all college aid is supplementary to family resources. Once need has been established, Barnard makes every effort to meet the need of all eligible students with a combination of grants, loans and employment opportunities. A student who is admitted to Barnard with financial aid can not be guaranteed college grants for future years. Awards are for one academic year only. A student can receive Barnard aid for a maximum of eight semesters. Each semester a student is enrolled is counted towards the eight semester of eligibility whether or not aid was received. No financial aid is given for summer study. If a student has room in her academic year financial aid package and has not already borrowed the maximum loans, these funds may be borrowed during the academic year to be used for classes the following summer. For financial statement purposes, the Pell grant awards of 2,239,532 are excluded. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Debora Spar 377777 0 0 0 40538 0 0 0 88329 0 506644 0 0 0 Gregory N Brown 233946 0 0 0 0 0 0 0 48940 0 282886 0 0 0 Michael S Feierman 156642 0 0 0 0 0 0 0 52462 0 209104 0 0 0 Elizabeth S Boylan 223481 0 0 0 0 0 0 0 47255 0 270736 0 0 0 Dorothy S Denburg 163028 0 0 0 0 0 0 0 64567 0 227595 0 0 0 Roberta Mark 281834 0 0 0 0 0 0 0 50582 0 332416 0 0 0 Lisa Gamsu 176158 0 0 0 0 0 0 0 34400 0 210558 0 0 0 Rae Silver 289757 0 0 0 0 0 0 0 50207 0 339964 0 0 0 Robert McCaughey 193380 0 0 0 0 0 0 0 41757 0 235137 0 0 0 Peter Balsam 192912 0 0 0 0 0 0 0 46679 0 239591 0 0 0 Dusa McDuff 223588 0 0 0 0 0 0 0 42042 0 265630 0 0 0 Anne L Prescott 192318 0 0 0 0 0 0 0 34897 0 227215 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President's employment contract documents the housing allowance and tax indemnification and gross up payments. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Michael S Feierman received severance payment. Dormitory Authority of the State of New York 146000293 64983U7Q7 2004-02-04 28880374 See Part V 0 0 0 Dormitory Authority of the State of New York 146000293 649903NL1 2007-07-11 50184096 See Part V 0 0 0 Dormitory Authority of the State of New York 146000293 649903ZP9 2008-04-24 28040000 See Part V 0 0 0 0 0 28880374 1222661 2323773 0 574425 357977 0 25624199 0 0 2004 0 0 1 1 0 0 50184096 2921729 2372625 23106537 615989 314954 0 23773991 0 0 2010 1 0 1 1 0 0 28040000 5305024 0 27612047 372367 55586 0 0 0 0 2010 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 HSBC 7 0 0 0 0 0 SchK_P01_S00_L00a Schedule K, Part I, Column a The Series 2004 Bonds were issued (i) to pay for the Costs of the Series 2004 Project (as defined hereafter), (ii) to pay a portion of the interest on the Series 2004 Bonds and (iii) to pay the Costs of Issuance of the Series 2004 Bonds, including the premium for the municipal bond insurance policy. The Series 2004 Project, known as Cathedral Gardens, consisted of the acquisition by Barnard College of five condominium units to be used primarily to provide residential space for 91 students and 26 faculty apartments. The five condominium units together with related rights comprise approximately 66,000 square feet in a building located near the corner of 110th Street and Manhattan Avenue. SchK_P01_S00_L00b Schedule K, Part I, Column b The Series 2007A Bonds were issued (i) to refund the outstanding portion of the Dormitory Authority's Barnard College Insured Revenue Bonds, Series 1996 (the "Series 1996") maturing on and after July 1, 2008, (ii) to pay for the Costs of the Series 2007 Project (as defined hereinafter), (iii) to pay a portion of the interest on the Series 2007A Bonds and (iv) to pay the Costs of Issuance of the Series 2007A Bonds, including a portion of the premium for the municipal new issue bond insurance policy. The Series 2007 Project consisted of the demolition of an existing facility and construction of a new, approximately 100,000 gross square foot multi-purpose facility located at 3023 Broadway, include a theatre with seating for approximately 100, special event space for seating for approximately 500, a central reading room, computer technology center, student services offices, club space, student union, classrooms, food services venues and academic departments; and (ii) campus-wide renovation and maintenance projects at various buildings. As noted above, a portion of the Series 2007A Bonds were used to refund the Series 1996 Bonds the proceeds of which were used to (A) refund the College's loans under the Dormitory Authority's College and University Variable/Fixed Rate Insured Revenue Bonds (1985 Pooled Capital Program), the proceeds of which were used to finance the construction of Sulzberger Hall, and (B) to repair, renovate and upgrade various buildings at Barnard College. SchK_P01_S00_L00c Schedule K, Part I, Column c The Series 2008 Bonds were issued for the purpose of providing funds, which together with other available monies, will be used (i) to refund and defease the outstanding Dormitory's Barnard College Insured Revenue Bonds, Series 2007B (the "Series 2007B") and (ii) to pay the Costs of Issuance of the Series 2008 Bonds. The proceeds of the Series 2007B were used to finance a portion of the cost (i) of the "Nexus" project consisting of the demolition of an existing facility and construction of a new, approximately 100,000 gross square foot multi-purpose facility located at 3023 Broadway, include a theatre with seating for approximately 100, special event space for seating for approximately 500, a central reading room, computer technology center, student services offices, club space, student union, classrooms, food services venues and academic departments; and (ii) campus-wide renovation and maintenance projects at various buildings. X 75 562580 Mean Mkt Price X Steinway A Concert Grand Piano 1 70000 Comparable Sales method X The Hartford Life Insurance Policy 1 19341 Fair Market Value X Marble Bench 1 175000 Comparative Retail Mkt method 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b All gifts of publicly traded securities are remitted to the College's Custodians, JP Morgan Chase or State Street Bank, depending on the nature of the gift.. Both custodians, with the authority from Barnard College, sell the publicly traded securities upon receipt. The number of contributions listed in column b for part I represents the actual number of contributions as opposed to the number of items received. F990_P03_S00_L01 Form 990, Part III, Line 1 Barnard College aims to provide the highest quality liberal arts education to promising and high-achieving young women, offering the unparalleled advantages of an outstanding residential college in partnership with a major research university. With a dedicated faculty of scholars distinguished in their respective fields, Barnard is a community of accessible teachers and engaged students who participate together in intellectual risk-taking and discovery. Barnard students develop the intellectual resources to take advantage of opportunities as new fields, new ideas, and new technologies emerge. They graduate prepared to lead lives that are professionally satisfying and successful, personally fulfilling, and enriched by love of learning. As a college for women, Barnard embraces its responsibility to address issues of gender in all of their complexity and urgency, and to help students achieve the personal strength that will enable them to meet the challenges they will encounter throughout their lives. Located in the cosmopolitan urban environment of New York City, and committed to diversity in its student body, faculty and staff, Barnard prepares its graduates to flourish in different cultural surroundings in an increasingly inter-connected world. The Barnard community thrives on high expectations. By setting rigorous academic standards and giving students the support they need to meet those standards, Barnard enables them to discover their own capabilities. Living and learning in this unique environment, Barnard students become agile, resilient, responsible, and creative, prepared to lead and serve their society. F990_P05_S00_L03b Form 990, Part V, Line 3b The Form 990-T for the tax year beginning July 1, 2010 and ending June 30, 2011 will be filed by the College by the end of the current fiscal year (June 30, 2012). F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The Form 990 is reviewed by the Asst. Vice President of Finance / Controller, the Chief Operating Officer, The President and the Committee on Audits and Compliance. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The policy and disclosure statement is distributed annually to each Trustee who shall read the policy, disclosure statement and sign the certification agreeing to be bound by the policy and return the disclosure statement to the Secretary of the Board. The statements are reviewed by the College's General Counsel. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Compensation Committee of Barnard College's Board of Trustees is responsible for determining and approving the compensation of the College's President (CEO) and other top management officials including the: Chief Operating Officer, General Counsel, Dean of the College, Provost, Vice President for Development, Vice President for Communications and the Vice President for Administration. The Compensation Committee is provided with comparable data from the higher education industry and uses that data to determine the compensation levels on an annual basis. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College discloses its audited financial statements and its conflict of interest policies on its website at the following links : www.barnard.edu/opir, http://barnard.edu/hr/policies_conflict.html, and http://barnard.edu/provost/policies/conflictpolicy.html, respectively F990_P11_S00_L05 Form 990, Part XI, Line 5 Net Unrealized Gains on investments