2012-04-17T12:34:34-05:00 2011-05-31 PricewaterhouseCoopers LLP 677 BROADWAY ALBANY NY 12207 990 2010-06-01 160743040 Hobart and William Smith Colleges HOBA 3157813337 337 Pulteney Street Geneva NY 144563301 Peter Polinak 2012-04-17 5184622030 2010 2016-02-24 21:20:13Z MARK D GEARAN 337 PULTENEY STREET GENEVA NY 14456 306301534 false X www.hws.edu X 1943 NY HOBART AND WILLIAM SMITH COLLEGES ARE A STUDENT-CENTERED LEARNING ENVIRONMENT, GLOBALLY FOCUSED, GROUNDED IN THE VALUES OF EQUITY AND SERVICE, DEVELOPING CITIZENS WHO WILL LEAD IN THE 21ST CENTURY. 42 41 2205 1500 611332 -395090 18303966 14929783 102325499 109874186 2590094 6478045 581288 676491 123800847 131958505 34605420 37184744 0 0 45260922 47014879 0 0 3003100 45320957 43534884 125187299 127734507 -1386452 4223998 353503217 371807706 83797135 83166811 269706082 288640895 Hobart and William Smith Colleges are a student-centered learning environment, globally focused, grounded in the values of equity and service, developing citizens who will lead in the 21st century. false false 110257590 37184744 109874186 Hobart and William Smith Colleges are a student-centered learning environment in Geneva, NY -- the heart of the Finger Lakes Region. The Colleges are located at the shore of Seneca Lake on a 195-acre campus. Hobart and William Smith have a combined enrollment of approximately 2,100, and employ 190 full-time faculty lines. This allows the Colleges to maintain a student-faculty ratio of 11:1. 45 majors and 65 minors are offered, where a student can obtain a Bachelor of Arts, Bachelor of Science, or a Master of Arts in teaching degree. A rich interdisciplinary program and limitless opportunities for self-discovery are hallmarks of academics at the Colleges. Hobart and WIlliam Smith Colleges are also noted for an ambitious emphasis on international study and for programs in community engagement and service-learning. nearly 60-percent of Hobart and William Smith students study abroad in more than 40 locations around the world. The Colleges view civic responsibility, community engagement, and international education as integral components of a liberal arts education. 110257590 true true false false false false false false true true true false false true false true false true true true false false false false false false false true true true false false false false false false false false true false true true false false false false false false false false true X 354 0 true 2205 true true true true BF BD CJ false false false true true false false false false X 42 41 false false false false false false false true true false false true true true true true true true false false NY X PETER D POLINAK 3157813337 337 PULTENEY STREET GENEVA NY 144563301 X Mark Gearan 60.0 X X 445155 0 94051 David H Deming 5.0 X X 0 0 0 Richard K Abbe 2.0 X 0 0 0 Daniel T Accordino 2.0 X 0 0 0 Linda D Arrington 2.0 X 0 0 0 Thomas S Bozzuto 2.0 X 0 0 0 Calvin R Carver Jr 2.0 X 0 0 0 Dr Stephen L Cohen 2.0 X 0 0 0 Langdon P Cook 2.0 X 0 0 0 Timothy S Eden 2.0 X 0 0 0 Katherine D Elliot 2.0 X 0 0 0 Cynthia Gelsthorpe Fish 2.0 X 0 0 0 J Paul Hellstrom Jr 2.0 X 0 0 0 Garrett A Mathieson 2.0 X 0 0 0 Herbert J McCooey Jr 2.0 X 0 0 0 Suzanne Folds McCullagh 2.0 X 0 0 0 Gail Herman McGinn 2.0 X 0 0 0 Carolyn Carr McGuire 2.0 X 0 0 0 Andrew G McMaster Jr 5.0 X X 0 0 0 Richard P Miller Jr 2.0 X 0 0 0 Allison Morrow 2.0 X 0 0 0 Jane F Napier 2.0 X 0 0 0 The Rt Rev Prince G Singh 2.0 X 0 0 0 James C Spira 2.0 X 0 0 0 Richard L Wasserman 2.0 X 0 0 0 Christopher S Welles 2.0 X 0 0 0 William T Whitaker Jr 2.0 X 0 0 0 Beth Yingling 4.0 X X 0 0 0 Susan Lloyd Yolen 2.0 X 0 0 0 Maureen C Zupan 5.0 X X 0 0 0 N Harrison Buck 2.0 X 0 0 0 David J Lenihan 2.0 X 0 0 0 William A Margiloff 2.0 X 0 0 0 Adele F Schlotzhauer 2.0 X 0 0 0 Craig M Stevens 2.0 X 0 0 0 Robert H Gilman 2.0 X 0 0 0 Joy H Glaser 2.0 X 0 0 0 Julia R Hoyle 2.0 X 0 0 0 Christopher M Jenco 2.0 X 0 0 0 Katherine R MacKinnon 2.0 X 0 0 0 Deborah S Pilla 2.0 X 0 0 0 Thomas B 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OBLIGATIONS 2164725 FAIR VALUE OF SWAP AGREEMENT 5692817 9874950 131958505 127734507 4223998 14202562 643953 -135700 14710815 18934813 109007739 14202562 -37184744 -22982182 131989921 -31416 -31416 131958505 89937226 31416 31416 89905810 643953 37184744 37828697 127734507 Endowment Funds Schedule D, Part V, Line 4 Endowment funds are long-term assets of the Colleges created either by donor gifts or by actions of the Board of Trustees. Their purpose is to generate, in perpetuity, operating revenue for specific activities or for the use of the Colleges. Endowment funds are invested under direction of the Board of Trustees to achieve maximum long-term total return with prudent concern for the preservation of investment capital. Reconciliation of Change in Net Assets from 990 to Financial Statements Schedule D, Part XI, Line 8 Non-operating loss due to the change in the fair value of the swap agreement and not reported as a loss on Form 990. Reconciliation of Revenue Per Audited Financials With Revenue Per Return Schedule D, Part XII, Line 2d Scholarships awarded to students that are netted against tuition and fees in the audited financial statements, but are reportable as revenue on Form 990. Reconciliation of Expenses Per Audited Financials with Revenue Per Return Schedule D, Part XIII, Line 2D Reclassify rental expense that is netted against rental revenues in the audited financial statements as the gross rental revenue and expenses must be reported on Form 990. Reconciliation of Expenses Per Audited Financials With Expenses Per Return Schedule D, Part XIII, Line 4B Scholarships awarded to students that are netted against tuition and fees in the audited financial statements, but are reportable as grants on Form 990. true true true true true true true false false false false false false false false true false true Discrimination Policy Schedule E, Ln 3 Hobart and William Smith Colleges have publicized our racially nondiscriminatory policy in all our solicitations for students. Applicants are recruited through the aid of direct mail and electronic documents, general college publications freely accessible to the community, advertisements in regional and general interest publication and the Colleges' website www.hws.edu. Government Financial Assistance Schedule E, Ln 6 Hobart and William Smith Colleges receive funds from the Federal Work Study program, Federal Supplemental Educational Opportunity Grant program, Federal Pell Grant program, Federal Perkins Loan program, Federal Direct Loan program, New York State Tuition Assistance program, New York State Bundy Aid and New York State Higher Education Opportunity programs. true Central America and the Caribbean 0 0 Program Services Off Campus Study Prog. 3 East Asia and the Pacific 0 2 Program Services Off Campus Study Prog. 350246 Europe (Including Iceland and Greenland) 0 4 Program Services Off Campus Study Prog. 1371016 North America 0 0 Program Services Off Campus Study Prog. 400 Russia and the Newly Independent States 0 0 Program Services Off Campus Study Prog. 41162 Middle East and North Africa 0 0 Program Services Off Campus Study Prog. 218629 South America 0 3 Program Services Off Campus Study Prog. 428285 South Asia 0 1 Program Services Off Campus Study Prog. 23274 Central America and the Caribbean Investments 58300000 East Asia and the Pacific Investments 4400000 0 10 0 10 65133015 65133015 true false false false true false General Information on Activities Outside the United States Schedule F, Part I, Line 2 Hobart and William Smith Colleges provide grant funding for eligible students, some of these students participate in off campus study programs. However, grants to these students are generally paid to them before they physically leave the country. Reconciliations are performed at the completion of each semester of the off campus study programs to determine accuracy of the accounting for expenditures. Grants and Other Assistance to Individuals Outside the United States Schedule F, Part III Hobart and William Smith Colleges provide grants to students who are studying abroad but the grants are generally paid to students before they physically leave the country. true Scholarships to Students 1721 37184744 General Information on Grants and Assistance Part 1, Line 2 Hobart and William Smith Colleges offer grants to students on the basis of demonstrated financial need and/or academic achievement. Students and their families submit standardized application materials to the Office of Financial Aid and Student Employment, which oversees the process of awarding such grants. Eligibility criteria for the various grants is established by the Colleges. X X X true true X X X X X false false true false false false false false false Mark Gearan 411599 0 0 0 33556 0 24500 0 69551 0 539206 0 0 0 Peter D Polinak 176642 0 0 0 648 0 17603 0 1181 0 196074 0 0 0 Teresa Amott 201154 0 0 0 774 0 20118 0 18004 0 240050 0 0 0 Robert O'Connor 148769 0 0 0 123 0 15277 0 13457 0 177626 0 0 0 Alfred Damiano 172266 0 0 0 230 0 17796 0 18849 0 209141 0 0 0 Eugen Baer 123585 0 0 0 1962 0 12928 0 33127 0 171602 0 0 0 Robert Murphy 172028 0 50000 0 994 0 17603 0 13506 0 254131 0 0 0 Questions Regarding Compensation Schedule J, Part 1, Line 1a Housing Allowance or Residence for Personal Use: President Gearan, Provost Amott, Dean Baer are provided housing as a condition of their employment and for the convenience of the colleges. Questions Regarding Compensation Schedule J, Part 1, Line 1a Health or Social Club Dues or Initiation Fees: President Gearan received memberships to two social clubs for the purposes of meeting and entertainment of alumni and other guests of the colleges. Questions Regarding Compensation Schedule J, Part 1, Line 1a President Gearan is provided housekeeping services for his campus housing to maintain it for the colleges' related uses and the convenience of the colleges. Questions Regarding Compensation Schedule J, Part 1, Line 4c President Gearan participates in a frozen stock option arrangement where he may exercise the option to buy specified securities prior to an expiration date. The value of this option increased by $63,789 during calendar year 2010. No payments to President Gearan have been made under this arrangement. City of Geneva Civic Facility Series 2003B 161266095 372175BR9 2003-02-01 2115000 Refinance Capital Lease false true false City of Geneva Ind Dev Agency Multi-Modal 162366095 372175BU2 2007-12-01 31250000 Capital Projects false true false City of Geneva Civic Facility Series 2003A 161266095 372175BH1 2003-02-01 460000 Capital Projects false true false City of Geneva Civic Facility Series 2003A 161266095 372175BJ7 2003-02-01 485000 Capital Projects false true false 0 0 2093427 0 0 0 31511 0 0 1992196 0 10508 2004 false false true true 0 0 31799597 0 0 0 475668 0 0 30524597 0 0 2011 false false false true 0 0 488657 0 0 0 6562 0 0 473071 0 0 2006 false false true true 0 0 515215 0 0 0 6918 0 0 498782 0 0 2006 false false true true false false true false true 0.00000 0.00000 0.00000 true false false true false true 0.00000 0.01450 0.01450 true false false true false true 0.00000 0.00001 0.00001 true false false true false true 0.00000 0.00001 0.00001 true false false false false false false false false false true true RBC Capital Markets 30. true false false true false false false false false false false false false false false false false false false false false Mary Herlihy-Gearan Spouse of President 65831 Employee at the Colleges false X 64 1128088 Part II X Part II 0 0 0 0 false true true Types of Property Schedule M, Part I, Line 9 Median trade value on the date of the contribution. Types of Property Schedule M, Part I, Line 25 and 33 4 signed photographic images Lithograph "Chapel" and "Death, Woman and Child" etching Sycamore Bridge study Other Artwork 70 Nike 1/2 zip shirts Types of Property Schedule M, Part I, Line 32b Hobart and William Smith Colleges have an agreement in place with a security broker to process and sell stock gifts as soon as they are received. Summary - Activities & Governance Form 990, Part I, Summary, Line 6 Hobart and William Smith Colleges have a volunteer base of over 4,000 individuals, which includes trustees, alumni/ae, and friends of the colleges. In any given year approximately 1,500 of these individuals are active volunteers. Governance, Management, and Disclosure Form 990 Part VI, Section A, Line 11b A draft of Form 990 is prepared by the Colleges' management in conjunction with its external audit and tax advisors and provided to a trustee representative from the audit and compliance and the financial affairs committees of the board of trustees. The form is reviewed and corrections or changes are made as necessary. A final form 990 is then distributed to the full board before filing it with the IRS. Governance, Management, and Disclosure FORM 990, PART VI, SECTION B, LINE 12c Annually, officers, trustees, and key employees are required to disclose in writing conflicts of interest or potential conflicts of interest on a disclosure statement. At this time a rigorous process of reviewing the disclosures is undertaken by the Assistant Secretary and Assistant Treasurer's office to ensure conflicts are timely dealt with if necessary. Governance, Management, and Disclosure Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews the compensation for the President. An annual process of assessing the President's performance and reviewing comparative compensation data is performed in order to recommend compensation changes. A motion to be approved by the full board is drafted by the Executive Committee after the review process. Minutes documenting this process are maintained. Governance, Management, and Disclosures Form 990, Part VI, Section C, Line 19 Hobart and William Smith Colleges make their governing documents, conflict of interest policy and financial statements available to the public upon request. Reconciliation of Net Assets Part XI, Line 5 Other changes in net assets or fund balances relates to unrealized gains, investment expenses, and losses on the fair market value of the SWAP. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Beth Yingling TITLE:Secretary HOURS:4