2012-03-15T15:57:30-05:00 2011-06-30 Berry Dunn McNeil & Parker LLC 36 Pleasant Street Bangor ME 04401 990 2010-07-01 020222120 Colby-Sawyer College COLB 6035263000 541 Main Street New London NH 03257 Douglas W Lyon 6035263000 2012-03-05 1 Barbara J McGuan CPA 2079421600 2012-03-05 2010 2016-02-24 21:20:13Z Thomas Galligan 541 Main Street New London NH 03257 57197476 0 X www.colby-sawyer.edu X 1837 NH Institute of Higher Learning 26 26 790 50 412150 -7555 5963153 4852752 44850898 50334176 891881 636652 0 0 51705932 55823580 16866462 20978330 0 0 16257272 17391801 0 0 1166711 16212754 16953971 49336488 55324102 2369444 499478 76651425 82463127 31619254 30938358 45032171 51524769 X Colby-Sawyer College is a private, independent, undergraduate college offering educational programs based in the liberal arts and sciences and designed to prepare students for their professions and lives of ongoing learning. Faculty, staff and students strive for excellence in the college's engaged teaching and learning community to foster students' academic, intellectual, and personal growth. The college prepares students to thrive in, and make a positive impact upon, a dynamic, diverse, and interdependent world. Colby-Sawyer College was founded as an academy in 1837 and has been engaged in higher education since 1928. 0 0 44804937 20978330 50334176 Colby-Sawyer College, founded in 1837, is an independent, four-year, residential, coeducational college. It serves almost 1,300 students, representing 21 states and 18 foreign countries. The college has a gross annual budget of $54 million, and an endowment of $28 million. There is a 12 to 1 student/faculty ratio, and average class size is 18. It has 21 liberal arts and pre-professional majors, and 17 minor programs as well. Its 31 buildings are located on 200 acres in New London, NH. In the last 20 years, Colby-Sawyer has grown from 429 students to 1,276. It has completed more than $47 million in new construction and renovation including:1. Academic Facilities a. Mercer Hall (classrooms) b. Ivey Science Center (classrooms and laboratories) c. Baker Communication Center (classrooms, radio station, video studio) d. Harrington Career Development Center e. Frances Lockwood Bailey Graphic Design Studio f. Windy Hill Lab School2. Three residence halls a. Rooke Hall b. Lawson Hall c. Danforth Hall3. Lethbridge Lodge (student lounge)4. Athletic Facilities a. Hogan Sports Center b. Kelsey Athletic Fields c. Mercer Field d. Kelsey Tennis CourtsColby-Sawyer's primary accreditation is from the New England Association of Schools and Colleges (NEASC), through its Commission on Institutions of Higher Education. However, Colby-Sawyer is also accredited by the following:1. Commission on Accreditation of Athletic Training Education (CAATE)2. Commission on Collegiate Nursing Education (CCNE)3. New Hampshire Board of Nursing4. State of New Hampshire Board of Education 44804937 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 131 0 790 1 1 1 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X Karen Bonewald Controller 6035263000 541 Main Street New London NH 03257 A John Pappalardo 2.00 X 0 0 0 Daniel H Wolf 2.00 X 0 0 0 David B Payne 2.00 X 0 0 0 Erik Edward Joh 2.00 X 0 0 0 Jean M Wheeler 2.00 X 0 0 0 Joan C Eliot 2.00 X 0 0 0 Joyce J Kolligian 2.00 X 0 0 0 Karen C Eldred 2.00 X 0 0 0 Mark A Peterson 2.00 X 0 0 0 Pamela S Bright 2.00 X 0 0 0 Suzanne S Hammond 2.00 X X 0 0 0 Anne W Black 2.00 X X 0 0 0 G William Helm Jr 2.00 X 0 0 0 Richard Dulude 2.00 X X 0 0 0 Thomas C Csatari 2.00 X 0 0 0 William E Gundy 2.00 X 0 0 0 William P Clough III 2.00 X 0 0 0 Christine B Ferraro 2.00 X 0 0 0 George Jamieson 2.00 X 0 0 0 Robin L Mead 2.00 X 0 0 0 William S Reed 2.00 X 0 0 0 Harry Gazelle 2.00 X 0 0 0 Susan C Hassett 2.00 X 0 0 0 Sara Hammond 2.00 X 0 0 0 Erik C Rocheford 2.00 X 0 0 0 Susan DeBevoise Wright 2.00 X 0 0 0 Douglas Lyon 32.00 X 102386 0 19913 Thomas C Galligan Jr 40.00 X 239318 0 66292 Gregory Mathews 40.00 X 113000 0 22539 Elizabeth Cahill 40.00 X 117055 0 9862 Douglas Atkins 40.00 X 119996 0 20596 Deborah Taylor 40.00 X 129383 0 20486 David Sauerwein 40.00 X 103715 0 8743 924853 0 168431 7 0 1 0 Sodexo Services PO Box 81049 Woburn MA 018131049 Facilities/Dining Management 4581495 North Branch Construction 76 Old Turnpike Road Concord NH 03301 Construction 1570662 Andrews Construction PO Box 720 Campton NH 03223 Construction 390216 Mary Hitchcock Memorial Hospital 1 Medical Drive Lebanon NH 03755 Medical Services 215525 Sheehan Phinny Bass & Green PO Box 3701 Manchester NH 03105 Legal Services 186981 8 327469 4525283 1338 4852752 Tuition and Fees 611710 36632615 36632615 Auxiliary Enterprises 713940 12966524 12554374 412150 Other Student Revenue 611710 735037 735037 50334176 696296 696296 1314252 1373896 -59644 -59644 -59644 55823580 49922026 412150 636652 20978330 20978330 427909 427909 13091703 10570056 1641042 880605 906974 634882 253953 18139 1998137 1398696 559478 39963 967078 676954 270782 19342 104394 104394 125387 125387 160049 160049 5943498 3496076 2387907 59515 22729 22729 2028037 1419626 567850 40561 1841708 1289196 515678 36834 170370 122441 9597 38332 18885 3460 15425 731726 731726 1707112 1707112 129263 129263 Other Student Services 1172447 434407 729824 8216 Miscellaneous 1158918 471129 687738 51 Consortium 1036480 1036480 Sports 282318 282318 Dues & Subscriptions 124384 66901 55798 1685 196266 34095 138703 23468 55324102 44804937 9352454 1166711 242061 114717 3139811 3138490 2841020 2625170 119484 55590 685795 670892 811889 850683 65766000 25078039 40803112 40687961 23373367 29042955 4393506 4941075 241380 335594 76651425 82463127 2658364 2271489 1841522 2074910 16553949 15832687 6125962 6132135 4439457 4627137 31619254 30938358 X 15577997 16067902 8777978 13809805 20676196 21647062 45032171 51524769 76651425 82463127 X 499478 5993120 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 Explanation of Other Lobbying Activities: Part II-B, Line 1i: Colby-Sawyer College belongs to member organizations which may engage in lobbying activities. An unknown amount of such dues paid may pertain to lobbying activities. 23159388 1788990 5728360 1109888 29566850 19119125 2308041 2763840 1031618 23159388 24423808 905183 -5048034 1161832 19119125 0.11900 0.69370 0.18730 0 0 2122223 2122223 47921573 25078039 22843534 12792189 12792189 2930015 2930015 40687961 Interests in Split-Interest Agreements 4941075 F 4941075 U.S. Government Loan Advances 500257 Post-Retirement Benefits Liability 3240989 Annuity Obligations 885891 4627137 55823580 55324102 499478 5957279 35841 5993120 6492598 40662112 5957279 19632 5976911 34685201 160049 20978330 21138379 55823580 34169514 19632 9748 29380 34140134 160049 21023919 21183968 55324102 Description of Intended Use of Endowment Funds: Part V, Line 4: The College's endowment consists of approximately 160 individual funds established for a variety of purposes. Approximately 60% of the endowment is restricted for scholarships. Other purposes include: endowed faculty chairs, building maintenance, faculty and staff development and student awards. The College's endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. Part XI, Line 8 - Other Adjustments: Change in Value of Life Income Funds 45,589. Adjustment of Present Value Liability -9,748. Part XII, Line 4b - Other Adjustments: Scholarships 20,978,330. Part XIII, Line 2d - Other Adjustments: Adjustment of Present Value Liability 9,748. Part XIII, Line 4b - Other Adjustments: Scholarships 20,978,330. Change in Value of Life Income Funds 45,589. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The nondiscrimination policy is published in the college catalogue, student handbook, and all recruiting documents. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Colby-Sawyer College receives Perkins loans and other government grant money. 1 Federal ACG Grant 66 52525 Federal SEOG Grant 276 563296 Consortium Grants 35 1036480 CSC Grant 876 7607049 FMV Tuition Discounts CSC Housing Grant 25 159902 FMV Tuition Discounts CSC Scholarship 663 10452067 FMV Tuition Discounts Sawyer Scholarship 20 14750 NH Incentive Grant 10 5000 Restricted Scholarships 62 279761 Endowed Scholarships 168 807500 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Thomas C Galligan Jr 235018 0 0 0 4300 0 18801 0 47491 0 305610 0 0 0 Part I, Line 1a The college provides a housing allowance for Thomas Galligan, the president of the Organization, as it is required that he lives on campus as a part of his employment. Additionally, the College provides gross-up payments for moving expenses to cover the FICA and Medicare taxes for relocating employees. New Hampshire Health and Education Facilities Authority 020279866 644614QE2 2006-08-24 14005000 To finance improvements to the college's facilities 0 0 0 New Hampshire Health and Education Facilities Authority 020279866 2010-04-20 3250000 Capital Anticipation Note used for facility improvements & swap term. pmts. 0 0 0 14005000 288859 13716141 2007 0 0 1 1 3250000 3250000 2010 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 College Policy X 2 College Policy X 3 2 College Policy 0 0 0 Form 990, Part VI, Section B, line 11 The secretary of the College places the completed 990 on the trustee file share drive on the College's computer network for the trustees to review. The audit committee, a permanent standing committee of the board of trustees, reviews the completed 990 and the College treasurer prepares a summary of the 990 that is reviewed with the entire board of trustees. Form 990, Part VI, Section B, line 12c All trustees submit a conflict of interest questionnaire annually. The questionnaires are reviewed by the secretary of the College and the College treasurer. Any conflicts would be referred to the audit committee, a permanent standing committee of the board of trustees, for review and any necessary action would be taken. Form 990, Part VI, Section B, line 15 Compensation at Colby-Sawyer is under the review of the human resources committee, a permanent standing committee of the board of trustees. All compensation is based on a formal compensation plan prepared for the College by Pricewaterhouse Coopers in 2008. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public through the Organization's webiste, upon request and through the employee handbook. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 5,957,279. Change in Value of Life Income Funds 45,589. Adjustment of Present Value Liability -9,748. Total to Form 990, Part XI, Line 5: 5,993,120. Oversight of Audit Form 990, Part XI, Line 2c: The Audit Committee, a permanent standing committee of the Board of Trustees, has enterprise wide risk management responsibilities for Colby-Sawyer College. The Audit Committee engages the audit firm to perform the independent audit of the College's financial statements and negotiates the fee for the audit. The Audit Committee meets with the audit firm together with management and then in executive session without management to review the audit. The chair of the Audit Committee then reports to the full Board on the audit results. The complete audit, management letter, bond covenant letter and A-133 are posted on the Trustee File Share drive on the College's computer network for the trustees review.