MAGDALEN COLLEGE: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MAGDALEN COLLEGE (EIN 02-0309681)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-03-27
IRS object ID: 201210879349300616
Schema version: 2010v3.7
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 D
Schedule E
Schedule I
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-27T08:59:25-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HESSION & PARE PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	62 STARK STREET	AddressLine1
City	MANCHESTER	City
State	NH	State
ZIP Code	031011970	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	020309681	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	MAGD	NameControl
Phone	6034562656	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	511 KEARSAGE MOUNTAIN ROAD	AddressLine1
City	WARNER	City
State	NH	State
ZIP Code	032789206	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GEORGE A HARNE	Name
Title	PRESIDENT	Title
Phone	6034562656	Phone
Date Signed	2012-03-22	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN A HESSION CPA	Name
Phone	6036695477	Phone
Date Prepared	2012-03-24	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GEORGE A HARNE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	511 KEARSAGE MOUNTAIN ROAD	AddressLine1
City	WARNER	City
State	NH	State
ZIP Code	032789206	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1980843	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.MAGDALEN.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1973	YearFormation
State Legal Domicile	NH	StateLegalDomicile
Activity Or Mission Description	ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	42	TotalNbrEmployees
Total Nbr Volunteers	30	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	203880	ContributionsGrantsPriorYear
Contributions Grants Current Year	309378	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1492139	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1188264	ProgramServiceRevenueCY
Investment Income Prior Year	20655	InvestmentIncomePriorYear
Investment Income Current Year	-640416	InvestmentIncomeCurrentYear
Other Revenue Prior Year	110394	OtherRevenuePriorYear
Other Revenue Current Year	92445	OtherRevenueCurrentYear
Total Revenue Prior Year	1827068	TotalRevenuePriorYear
Total Revenue Current Year	949671	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	246956	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	183930	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1062166	SalariesEtcPriorYear
Salaries Etc Current Year	1038425	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	232846	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1027522	OtherExpensePriorYear
Other Expenses Current Year	1146865	OtherExpensesCurrentYear
Total Expenses Prior Year	2336644	TotalExpensesPriorYear
Total Expenses Current Year	2369220	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-509576	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1419549	RevenuesLessExpensesCY
Total Assets BOY	6391128	TotalAssetsBOY
Total Assets EOY	5175599	TotalAssetsEOY
Total Liabilities BOY	1584745	TotalLiabilitiesBOY
Total Liabilities EOY	1817294	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4806383	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	3358305	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1597793	Expense
Grants	183930	Grants
Description	THE COLLEGE PROGRAM OF STUDIES OFFERS ASSOCIATE AND BACHELOR OF ARTS DEGREES OVER A TWO TO FOUR YEAR COURSE OF FULL-TIME STUDY. THE PROGRAM IS AN INTEGRATED PROGRAM OF LIBERAL ARTS AND ROMAN CATHOLIC THEOLOGY TAUGHT IN THE SOCRATIC SEMINAR PEDAGOGICAL METHOD.	Description
Total Program Service Expense	1597793	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	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	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	4	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	42	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	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	true	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	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NH	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GEORGE A HARNE	NamePerson
Telephone Number	6034562656	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	511 KEARSAGE MOUNTAIN ROAD	AddressLine1
City	WARNER	City
State	NH	State
ZIP Code	03278	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
JOHN J BISGROVE
VICE CHAIRMA	2.00	X	X	0	0	0
DAVID CURRIER
CHAIRMAN	2.00	X	X	0	0	0
JOSEPH GEMMELL
TRUSTEE	2.00	X		0	0	0
MICHAEL MCGRATH
TRUSTEE	2.00	X		0	0	0
ANDY LAVALLEE
TRUSTEE	2.00	X		0	0	0
GEORGE A HARNE PHD
TRUSTEE-PRES	60.00	X	X	0	0	0
MICHAEL KANE
TRUSTEE	2.00	X		0	0	0
ROBERT LLOYD ESQ
SECRETARY	2.00	X		0	0	0
REBECCA VINSON
TREASURER	40.00	X	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	309378	AllOtherContributions
Total Contributions	309378	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION, ROOM, & BOARD - NET	611600	1162764	1162764
SUMMER PROGRAM	611600	25500	25500

Field	Value	IRS element (for citing)
Total Program Service Revenue	1188264	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3819	TotalRevenueColumn
Related Or Exempt Function Income	3819	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	26937	Securities
Other	360000	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	20037	Securities
Other	1011135	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	6900	Securities
Other	-651135	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-644235	TotalRevenueColumn
Related Or Exempt Function Income	-644235	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER REVENUE	Description
Business Code	900099	BusinessCode
Total Revenue Column	92445	TotalRevenueColumn
Related Or Exempt Function Income	92445	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	92445	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	949671	TotalRevenueColumn
Related Or Exempt Function Income	640293	RelatedOrExemptFunctionIncome

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	183930	Total
Program Services	183930	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	811578	Total
Program Services	491696	ProgramServices
Management And General	190172	ManagementAndGeneral
Fundraising	129710	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	5149	Total
Program Services	1782	ProgramServices
Management And General	828	ManagementAndGeneral
Fundraising	2539	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	161590	Total
Program Services	70235	ProgramServices
Management And General	70848	ManagementAndGeneral
Fundraising	20507	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	60108	Total
Program Services	37711	ProgramServices
Management And General	12561	ManagementAndGeneral
Fundraising	9836	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	12767	Total
Management And General	12767	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12009	Total
Management And General	12009	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	35221	Total
Program Services	18189	ProgramServices
Management And General	10902	ManagementAndGeneral
Fundraising	6130	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	30997	Total
Program Services	24918	ProgramServices
Fundraising	6079	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	43656	Total
Program Services	27192	ProgramServices
Management And General	3396	ManagementAndGeneral
Fundraising	13068	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	181022	Total
Program Services	181022	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	19244	Total
Program Services	3664	ProgramServices
Management And General	4812	ManagementAndGeneral
Fundraising	10768	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	7552	Total
Program Services	630	ProgramServices
Management And General	6697	ManagementAndGeneral
Fundraising	225	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	39518	Total
Management And General	39518	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	265667	Total
Program Services	265667	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	54084	Total
Management And General	54084	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
FOOD SERVICES	96552	94277	320	1955
BAD DEBT	77678		77678
PROPERTY TAX	58165	58165
PROGRAM EXPENSES	53280	53280
REPAIRS AND MAINTENANCE	39945	39945

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	119508	Total
Program Services	45490	ProgramServices
Management And General	41989	ManagementAndGeneral
Fundraising	32029	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2369220	Total
Program Services	1597793	ProgramServices
Management And General	538581	ManagementAndGeneral
Fundraising	232846	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2367	BOY
EOY	41695	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	11486	BOY
EOY	5302	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	167300	BOY
EOY	343656	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	235019	BOY
EOY	54243	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8526023	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	4016586	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5822720	BOY
EOY	4509437	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	119277	BOY
EOY	115947	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	32959	BOY
EOY	105319	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	6391128	BOY
EOY	5175599	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	147576	BOY
EOY	124287	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	62000	BOY
EOY	462976	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	332943	BOY
EOY	292637	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1042226	BOY
EOY	937394	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1584745	BOY
EOY	1817294	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4799547	BOY
EOY	3351469	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	6836	BOY
EOY	6836	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4806383	BOY
EOY	3358305	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6391128	BOY
EOY	5175599	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-1419549	ReconcilationRevenueExpenses
Reconcilation Other Changes	-28529	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	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

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

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	6836	BeginningOfYearBalance
End Of Year Balance	6836	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	6836	BeginningOfYearBalance
End Of Year Balance	6836	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	35731	BeginningOfYearBalance
Other Expenditures	28895	OtherExpenditures
End Of Year Balance	6836	EndOfYearBalance

Field	Value	IRS element (for citing)
Permanent Endowment EOY Balance	1.00000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	258475	OtherCostOrOtherBasis
Book Value	258475	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7534340	OtherCostOrOtherBasis
Depreciation	3393482	Depreciation
Book Value	4140858	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	733208	OtherCostOrOtherBasis
Depreciation	623104	Depreciation
Book Value	110104	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4509437	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
LINE OF CREDIT	$496,757
PENSION ANNUITY OBLIGATION	$384,976
CHARITABLE GIFT ANNUITY	$55,661
NOTE PAYABLE-DURWARD'S GLEN
VEHICLE LOAN

Field	Value	IRS element (for citing)
Total Of Amounts	937394	TotalOfAmounts
Total Revenue	949671	TotalRevenue
Total Expenses	2369220	TotalExpenses
Excess Or Deficit For Year	-1419549	ExcessOrDeficitForYear
Net Unrealized GL On Investments	10003	NetUnrealizedGLOnInvestments
Other	-$38,532	OtherAmount
Total Adjustments	-28529	TotalAdjustments
Excess Or Deficit Per FS	-1448078	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	921142	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	10003	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	10003	RevenueNotRptdF990
Revenue Subtotal	911139	RevenueSubtotal
Other Revenues Not Included	38532	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	38532	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	949671	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2369220	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	2369220	ExpensesSubtotal
Total Expenses Per Form990	2369220	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	CHANGE IN PENSION LIABILITY -38,532
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	CHANGE IN PENSION LIABILITY 38,532

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	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule I IRS990ScheduleI

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

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	SCHOLARSHIP	TypeOfGrant
Number Of Recipients	50	NumberOfRecipients
Amount Of Cash Grant	183930	AmountOfCashGrant
Method Of Valuation	FMV	MethodOfValuation
Description Of Non Cash Assistance	TUITION ASST	DescriptionOfNonCashAssistance

Schedule L IRS990ScheduleL

Loan Table LoanTable (2 entries)

Loan To OrganizationLoanToOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
DAVID CURRIER
X	$235,000	192637	false	true	true
JOHN BISGROVE
X	$100,000	100000	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	292637	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE RETURN IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE BOARD REVIEWS CONFLICT OF INTEREST COMPLIANCE AT EACH BOARD MEETING
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE PRESIDENT AND ALL KEY EMPLOYEES ARE MEMBERS OF THE FACULTY AND ARE PAID ON THE FACULTY SALARY SCALE WITH NO ADJUSTMENTS FOR THEIR POSITION. THE FACULTY SCALE'S ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.