WASHINGTON COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- WASHINGTON COLLEGE (EIN 52-0591691)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-01
- IRS object ID
- 201241229349300244
- 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 B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-01T13:34:58-05:00 | 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 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174011 | 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 | 520591691 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Washington College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WASH | NameControl |
| Phone | 4107787224 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 WASHINGTON AVENUE | AddressLine1 |
| City | CHESTERTOWN | City |
| State | MD | State |
| ZIP Code | 216201197 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | James Manaro | Name |
| Title | Sr VP Finance and Admin | Title |
| Phone | 4107787224 | Phone |
| Date Signed | 2012-04-29 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125990100 | Phone |
| 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 | MITCHELL B REISS PRESIDENT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 WASHINGTON AVENUE | AddressLine1 |
| City | CHESTERTOWN | City |
| State | MD | State |
| ZIP Code | 216201197 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 178981737 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WASHCOLL.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1782 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | to develop in its students the habits of analytic thought, aesthetic insight, imagination, ethical sensitivity, and clarity of expression & to enrich the cultural and intellectual life of its regional community | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1551 | TotalNbrEmployees |
| Total Nbr Volunteers | 49 | TotalNbrVolunteers |
| Total Gross UBI | 95783 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -32896 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8010249 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10404228 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 64418527 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 64355876 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6261142 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7300101 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 619618 | OtherRevenuePriorYear |
| Other Revenue Current Year | 708966 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 79309536 | TotalRevenuePriorYear |
| Total Revenue Current Year | 82769171 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 18497038 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21786252 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 26684113 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 27870434 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1772879 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 23802272 | OtherExpensePriorYear |
| Other Expenses Current Year | 26670670 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 68983423 | TotalExpensesPriorYear |
| Total Expenses Current Year | 76327356 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 10326113 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6441815 | RevenuesLessExpensesCY |
| Total Assets BOY | 330833977 | TotalAssetsBOY |
| Total Assets EOY | 354281446 | TotalAssetsEOY |
| Total Liabilities BOY | 77678917 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 75446151 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 253155060 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 278835295 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IN 1782, GEORGE WASHINGTON AGREED TO GIVE HIS NAME TO WASHINGTON COLLEGE, AN INDEPENDENT INSTITUTION OF THE LIBERAL ARTS AND SCIENCES ON THE CHESTER RIVER, AT THE EDGE OF THE CHESAPEAKE BAY. HERE THE COLLEGE'S FOUNDER, WILLIAM SMITH, SOUGHT TO CREATE AN ENVIRONMENT IN WHICH STUDENTS WOULD THINK "CLOSELY AND JUSTLY," DEVELOP THE ARTS OF "WRITING, SPEAKING, ACTING, AND LIVING WELL" AND THUS BE FREED FROM "ALL PREJUDICES, WITH RELATIONS TO IDLE DISPUTES, DISTINCTIONS, AND OPINIONS, TILL LIBERAL EDUCATION AND RIPE JUDGMENT SHOULD MAKE THEM CAPABLE OF THINKING FOR THEMSELVES." MORE THAN TWO CENTURIES LATER, WASHINGTON COLLEGE CONTINUES TO AFFIRM THESE IDEALS. WASHINGTON COLLEGE SEEKS TO DEVELOP IN ITS STUDENTS THE HABITS OF ANALYTIC THOUGHT, AESTHETIC INSIGHT, IMAGINATION, ETHICAL SENSITIVITY, AND CLARITY OF EXPRESSION. THESE QUALITIES OF MIND ARE THE RESULT OF EXCELLENT TEACHING, OF ACTIVE INQUIRY, AND OF A WIDE RANGE OF EXPERIENCES AND SOCIAL INTERACTIONS IN AN INTIMATE COMMUNITY OF CULTU | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 55128360 | Expense |
| Grants | 21786252 | Grants |
| Revenue | 53638484 | Revenue |
| Description | Washington College's achievements include succeeding as an institution of higher education promoting habits of analytic thought, aesthetic insight, imagination, ethical sensitivity and clarity of expression while successfully graduating students at a rate of 75% in 4 years. The College endeavors to prepare its graduates for further education and productive careers. With 44 majors and academic programs to choose from, over 1370 students can devise a course of study that fits their intellectual interests and career aspirations. In addition to traditional fields of study, they may choose an area of concentration in fields such as behavioral neuroscience, clinical psychology or East Asian studies, among others. The College also offers professional preparation tracks in premedical studies and pre-law, as well as dual degree programs in engineering, nursing and pharmacy. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5384176 | Expense |
| Grants | 0 | Grants |
| Revenue | 8100786 | Revenue |
| Description | Washington College's Residential Life program provides students with opportunities and experiences that help them to develop responsibilities both to themselves and to their fellow students. It attempts to provide a relaxing and calm atmosphere for study and day-to-day living. Indeed, living on-campus is truly the "other-half" of a college education. With approximately 27 dorms to choose from, students have choices of single, doubles or triples in each room/unit. Hodson Hall houses the dining facilities for Washington College. The main dining hall seats 500 on two levels. Students, faculty and staff find made-to-order meals along with self-serve options allowing for a customized dining experience. Students choose from five meal plans with additional options for meal equivalencies. Casual dining is located on the first floor of the Commons. Operating until late evening, options include Mondo Subs, Coyote Jack's Grill, and the campus coffee bar, Java George. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1717254 | Expense |
| Grants | 0 | Grants |
| Revenue | 2583701 | Revenue |
| Description | Washington College uses it facilities during summer months to facilitate educational experiences for younger K-12 students. These students are given an opportunity to participate in summer camps ranging from sciences, mathematics and hands on projects. These camps last anywhere from four days to three weeks and are managed by other outside nonprofit organizations. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 62229790 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | true | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | 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 | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | 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 | 234 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1551 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form1098 C Filed | true | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | true | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | 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 | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PENELOPE FARLEY CONTROLLER | NamePerson |
| Telephone Number | 4107787224 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 409 WASHINGTON AVENUE | AddressLine1 |
| City | CHESTERTOWN | City |
| State | MD | State |
| ZIP Code | 21620 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (48 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Mitchell Reiss | ||||||||
| Member / President | 55.0 | X | X | 165455 | 0 | 51635 | ||
| Edward P Nordberg | ||||||||
| Chairman | 10.0 | X | 0 | 0 | 0 | |||
| H Lawrence Culp Jr | ||||||||
| Vice Chairman | 10.0 | X | 0 | 0 | 0 | |||
| Linda J Spire | ||||||||
| Secretary | 10.0 | X | 0 | 0 | 0 | |||
| Dessie M Moxley | ||||||||
| Treasurer | 10.0 | X | 0 | 0 | 0 | |||
| Patrick Allendar | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Norris W Commodore | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Richard Creighton | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Thomas C Crouse Jr | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Peter D Davenport | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Regis de Ramel | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Murray Drabkin | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| John G Eckenrode | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Thomas H Gale | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Stephen T Golding | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Richard B Grieves | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Nina R Houghton | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Benjamin H Johnson | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Beth K Leaman | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Thomas H Maddux | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Geoffrey M Rogers Sr | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Alfred P Shockley | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Ralph Snyderman | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Daryl L Swanstrom | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| John H Timken | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Donald C Tomasso | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Deborah M Turner | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Peter Van Dyke | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Matthew T Weir | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| John R Whitmore | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| Albert JA Young | ||||||||
| Member | 2.0 | X | 0 | 0 | 0 | |||
| James V Manaro | ||||||||
| Asst Trsr/Sr VP Finance & Adm | 55.0 | X | 262234 | 0 | 31885 | |||
| Christopher Ames | ||||||||
| Provost & Dean | 55.0 | X | 193534 | 0 | 23022 | |||
| Joseph L Holt | ||||||||
| Asst Secretary/Chief of Staff | 55.0 | X | 149645 | 0 | 17313 | |||
| Elizabeth B Herman | ||||||||
| VP College Advancement | 55.0 | X | 246198 | 0 | 20675 | |||
| Kevin L Coveney | ||||||||
| VP Admissions & Enrllmnt Mgmnt | 55.0 | X | 125708 | 0 | 15460 | |||
| Mela Dutka | ||||||||
| VP & Dean of Student Affairs | 55.0 | X | 140288 | 0 | 15890 | |||
| Meredith D Hadaway | ||||||||
| VP College Relations & Mrktng | 55.0 | X | 97946 | 0 | 15164 | |||
| Barbara Heck | ||||||||
| Interim VP Advancement Service | 55.0 | X | 97120 | 0 | 21725 | |||
| Bryan L Matthews | ||||||||
| AD / Assoc VP Admin Services | 55.0 | X | 109246 | 0 | 27611 | |||
| Billie S Dodge | ||||||||
| Chief Information Officer | 55.0 | X | 151138 | 0 | 18398 | |||
| Ruth Shoge | ||||||||
| Librarian | 55.0 | X | 91923 | 0 | 21281 | |||
| Richard Gillin | ||||||||
| Professor | 55.0 | 155265 | 0 | 9100 | X | |||
| John L Seidel | ||||||||
| Professor | 55.0 | 142915 | 0 | 20549 | X | |||
| George Spilich | ||||||||
| Professor | 55.0 | 135317 | 0 | 19217 | X | |||
| Donald Munson | ||||||||
| Professor | 55.0 | 138024 | 0 | 16159 | X | |||
| Terrence Scout | ||||||||
| Professor | 55.0 | 130743 | 0 | 19878 | X | |||
| L Baird Tipson | ||||||||
| Ex-President | 40.0 | 337332 | 0 | 37522 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2870031 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 402484 | TotalOtherCompensation |
| Number Individuals GT100 K | 26 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ROY KIRBY SONS INC | |||||
| 1421 CLARKVIEW RD | BALTIMORE | MD | 21209 | CONSTRUCTION | 693942 |
| CHARTWELLS | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | DINING MANAGER | 551372 |
| ROYALL COMPANY | |||||
| 1920 E PARHAM RD | RICHMOND | VA | 23228 | CONSULTING | 466574 |
| RUFF ROOFERS INC | |||||
| 1420 KNECHT ROAD | BALTIMORE | MD | 21227 | CONSTRUCTION | 305960 |
| SODEXO INC | |||||
| 10400 FERNWOOD ROAD | BETHESDA | MD | 20817 | MAINTENANCE SERVICES | 283574 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Government Grants | 2524441 | GovernmentGrants |
| All Other Contributions | 7879787 | AllOtherContributions |
| Noncash Contributions | 539038 | NoncashContributions |
| Total Contributions | 10404228 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 53638484 | 53638484 | |
| ROOM AND BOARD | 721310 | 8100786 | 8100786 | |
| CONFERENCES & CATERING | 722320 | 1821125 | 1684711 | 136414 |
| AUXILIARY ENTERPRISES | 900099 | 795481 | 762576 | 32905 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 64355876 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 734863 | TotalRevenueColumn |
| Unrelated Business Revenue | -73536 | UnrelatedBusinessRevenue |
| Exclusion | $808,399 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 64125 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 64125 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 64125 | TotalRevenueColumn |
| Exclusion | $64,125 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 100779216 | Securities |
| Other | 1968943 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 94165045 | Securities |
| Other | 2017876 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6614171 | Securities |
| Other | -48933 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6565238 | TotalRevenueColumn |
| Exclusion | $6,565,238 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 92080 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 29645 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62435 | TotalRevenueColumn |
| Exclusion | $62,435 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| BOOKSTORE | 451211 | 119497 | $119,497 |
| GIS PROGRAM | 900099 | 72374 | $72,374 |
| ATHLETIC PROGRAMS | 711210 | 42306 | $42,306 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 348229 | TotalRevenueColumn |
| Exclusion | $348,229 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 582406 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 82769171 | TotalRevenueColumn |
| Related Or Exempt Function Income | 64186557 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 95783 | UnrelatedBusinessRevenue |
| Exclusion | $8,082,603 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21786252 | Total |
| Program Services | 21786252 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2061269 | Total |
| Program Services | 745881 | ProgramServices |
| Management And General | 916314 | ManagementAndGeneral |
| Fundraising | 399074 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20531522 | Total |
| Program Services | 16138512 | ProgramServices |
| Management And General | 3659796 | ManagementAndGeneral |
| Fundraising | 733214 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1197456 | Total |
| Program Services | 852253 | ProgramServices |
| Management And General | 276652 | ManagementAndGeneral |
| Fundraising | 68551 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2566009 | Total |
| Program Services | 828058 | ProgramServices |
| Management And General | 1641361 | ManagementAndGeneral |
| Fundraising | 96590 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1514178 | Total |
| Program Services | 1108619 | ProgramServices |
| Management And General | 334633 | ManagementAndGeneral |
| Fundraising | 70926 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81462 | Total |
| Management And General | 81462 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52950 | Total |
| Management And General | 52950 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 716873 | Total |
| Program Services | 716873 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2498705 | Total |
| Program Services | 1588164 | ProgramServices |
| Management And General | 828906 | ManagementAndGeneral |
| Fundraising | 81635 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106359 | Total |
| Program Services | 79661 | ProgramServices |
| Management And General | 25998 | ManagementAndGeneral |
| Fundraising | 700 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 479558 | Total |
| Program Services | 145858 | ProgramServices |
| Management And General | 298702 | ManagementAndGeneral |
| Fundraising | 34998 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3282895 | Total |
| Program Services | 3083512 | ProgramServices |
| Management And General | 168719 | ManagementAndGeneral |
| Fundraising | 30664 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2261420 | Total |
| Program Services | 1774883 | ProgramServices |
| Management And General | 355731 | ManagementAndGeneral |
| Fundraising | 130806 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 104369 | Total |
| Program Services | 81251 | ProgramServices |
| Management And General | 13149 | ManagementAndGeneral |
| Fundraising | 9969 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3114221 | Total |
| Program Services | 3114221 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7244427 | Total |
| Program Services | 6193744 | ProgramServices |
| Management And General | 1048714 | ManagementAndGeneral |
| Fundraising | 1969 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 521802 | Total |
| Program Services | 4977 | ProgramServices |
| Management And General | 516825 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| REPAIRS & MAINT | 1421436 | 403438 | 1017998 | |
| SUPPLIES | 1328951 | 794995 | 527712 | 6244 |
| BOOKS & RESEARCH SUPPLIES | 534904 | 534904 | ||
| STUDENT CLUBS | 458553 | 458553 | ||
| PRINTING & PUBLICATIONS | 370969 | 204103 | 80365 | 86501 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2090816 | Total |
| Program Services | 1591078 | ProgramServices |
| Management And General | 478700 | ManagementAndGeneral |
| Fundraising | 21038 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76327356 | Total |
| Program Services | 62229790 | ProgramServices |
| Management And General | 12324687 | ManagementAndGeneral |
| Fundraising | 1772879 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27248441 | BOY |
| EOY | 23977449 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1221859 | BOY |
| EOY | 1559633 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1648686 | BOY |
| EOY | 727222 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1538095 | BOY |
| EOY | 1367875 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 461564 | BOY |
| EOY | 504241 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 207653366 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 61699281 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142660668 | BOY |
| EOY | 145954085 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65219577 | BOY |
| EOY | 111723016 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90174205 | BOY |
| EOY | 67916559 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 660882 | BOY |
| EOY | 551366 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 330833977 | BOY |
| EOY | 354281446 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3582291 | BOY |
| EOY | 4191010 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 924954 | BOY |
| EOY | 924954 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1686066 | BOY |
| EOY | 1658561 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63460000 | BOY |
| EOY | 62100000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8025606 | BOY |
| EOY | 6571626 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77678917 | BOY |
| EOY | 75446151 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92743955 | BOY |
| EOY | 96625864 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65686731 | BOY |
| EOY | 82334616 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94724374 | BOY |
| EOY | 99874815 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 253155060 | BOY |
| EOY | 278835295 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 330833977 | BOY |
| EOY | 354281446 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6441815 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 19238420 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Belongs To Affiliated Group | X | OrgBelongsToAffiliatedGroup |
| Limited Control Provisions Apply | X | LimitedControlProvisionsApply |
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | true | GrantsOtherOrganizations |
| Grants Other Organizations | $8,892 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | true | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 8892 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Lobbying | Identifier |
| Return Reference | Schedule C, Part II-B | ReturnReference |
| Explanation | Washington Colege is a member of MICUA, a regional membership organization, which has allocated a portion of their dues as lobbying. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation For Public Use | X | PreservationForPublicUse |
| Historic Structure | X | HistoricStructure |
| Total Number Of Easements | 11 | TotalNumberOfEasements |
| Total Acreage | 4.00 | TotalAcreage |
| Nmbr Hist Struct Easements | 8 | NmbrHistStructEasements |
| Nmbr Hist Struct Easements After | 0 | NmbrHistStructEasementsAfter |
| Nmbr Easements Modified | 0 | NmbrEasementsModified |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | true | WrittenPolicyMonitoring |
| Staff Hours Spent On Enforcement | 2.00 | StaffHoursSpentOnEnforcement |
| Expenses Incurred For Enforcement | 0 | ExpensesIncurredForEnforcement |
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 151950408 | BeginningOfYearBalance |
| Contributions | 5107912 | Contributions |
| Investment Earnings Or Losses | 24243852 | InvestmentEarningsOrLosses |
| Other Expenditures | 6984458 | OtherExpenditures |
| End Of Year Balance | 174317714 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 141540971 | BeginningOfYearBalance |
| Contributions | 1417518 | Contributions |
| Investment Earnings Or Losses | 15758104 | InvestmentEarningsOrLosses |
| Other Expenditures | 6766185 | OtherExpenditures |
| End Of Year Balance | 151950408 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 175476640 | BeginningOfYearBalance |
| Contributions | 513207 | Contributions |
| Investment Earnings Or Losses | -27365609 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 7083267 | GrantsOrScholarships |
| End Of Year Balance | 141540971 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.05000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.57000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.38000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8069248 | OtherCostOrOtherBasis |
| Book Value | 8069248 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 168600758 | OtherCostOrOtherBasis |
| Depreciation | 49262759 | Depreciation |
| Book Value | 119337999 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13915023 | OtherCostOrOtherBasis |
| Depreciation | 5585401 | Depreciation |
| Book Value | 8329622 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17068337 | OtherCostOrOtherBasis |
| Depreciation | 6851121 | Depreciation |
| Book Value | 10217216 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 145954085 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGE FUNDS | 37946168 | F |
| REAL ESTATE | 29912348 | F |
| HODSON SCHOLARSHIP FOUNDATION | 27810 | F |
| LIMITED PARTNERSHIPS | 30233 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 67916559 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FUNDS HELD FOR OTHERS | $330,177 |
| ANNUITIES PAYABLE | $561,245 |
| INTEREST RATE SWAP | $5,680,204 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6571626 | TotalOfAmounts |
| Total Revenue | 82769171 | TotalRevenue |
| Total Expenses | 76327356 | TotalExpenses |
| Excess Or Deficit For Year | 6441815 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 17707909 | NetUnrealizedGLOnInvestments |
| Other | $1,530,511 | OtherAmount |
| Total Adjustments | 19238420 | TotalAdjustments |
| Excess Or Deficit Per FS | 25680235 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 82264610 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 17707909 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 140331 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 3250155 | OtherRevenues |
| Revenue Not Rptd F990 | 21098395 | RevenueNotRptdF990 |
| Revenue Subtotal | 61166215 | RevenueSubtotal |
| Investment Expenses Not Included | 716873 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 20886083 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 21602956 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 82769171 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 56584375 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 140331 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 1719644 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1859975 | ExpensesNotRptdF990 |
| Expenses Subtotal | 54724400 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 716873 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 20886083 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 21602956 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 76327356 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CONSERVATION EASEMENTS | FORM 990, SCHEDULE D, PART II, LINE 9 | Washington College has not reported easements in its financial statements. Two buildings were purchased and booked at cost - these have written easements on them. Nine buildings fall within the Chestertown, Maryland historic District - which regulates their exterior appearance. Eight of these buildings are deemed historical by the State of Maryland and exteriors must be approved for modifications. All buildings were booked at cost. |
| COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS | FORM 990, SCHEDULE D, PART III | LINE 4 - Washington College holds a significant place in the history of American higher education. Our heritage as the first College of the new nation lives today in our commitment to educating confident citizens and leaders capable of advancing the democratic and civic traditions of the Founding Fathers. The College has numerous works of art, music and history that are used or viewed daily in our commitment to education. |
| ENDOWMENT FUNDS | FORM 990, SCHEDULE D, PART V, LINE 4 | The Endowment Fund of Washington College is invested to provide an annual 5% (3 Yr rolling average) return to be used for scholarships, building maintenance, program enhancements, chair salary supplements, athletic support, books and educational prizes. |
| INCOME TAXES | FORM 990, SCHEDULE D, PART X, LINE 2 | The College recognizes or derecognizes a tax position based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The College does not believe its financial statements include any material uncertain tax positions. |
| RECONCILIATION OF CHANGE IN NET ASSETS | FORM 990, SCHEDULE D, PART XI, LINE 8 | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 102,896 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,427,615 --------- TOTAL LINE 2 1,530,511 ========= |
| RECONCILIATION OF REVENUE | FORM 990, SCHEDULE D, PART XII | LINE 2 - OTHER REVENUE INCLUDED ON BOOKS BUT NOT ON RETURN SPECIAL EVENTS EXPENSES 29,645 COST OF GOODS SOLD 1,689,999 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 102,896 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,427,615 --------- TOTAL LINE 2 3,250,155 ========= LINE 4 - OTHER REVENUE INCLUDED ON RETURN BUT NOT ON BOOKS SCHOLARSHIPS/GRANTS/TUITION DISCOUNTS 20,886,083 ---------- TOTAL LINE 4 20,886,083 ========== |
| RECONCILIATION OF EXPENSES | FORM 990, SCHEDULE D, PART XIII | LINE 2 - OTHER EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN SPECIAL EVENTS EXPENSES 29,645 COST OF GOODS SOLD 1,689,999 --------- TOTAL LINE 2 1,719,644 ========= LINE 4 - OTHER EXPENSES INCLUDED ON RETURN BUT NOT ON BOOKS SCHOLARSHIPS/GRANTS/TUITION DISCOUNTS 20,886,083 ---------- TOTAL LINE 4 20,886,083 ========== |
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 | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule E, Line 3 | THE RACIALLY NONDISCRIMINATORY POLICY IS PROVIDED IN THE STUDENT HANDBOOK, THE FACULTY HANDBOOK AND THE STAFF HANDBOOK. |
| Schedule E, Line 6a | THE COLLEGE RECEIVES ANNUAL GRANTS FROM FEDERAL, STATE AND LOCAL AGENCIES. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Baseball Fruit | NameOfEvent1 |
| Gross Receipts Event1 | 10402 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 10402 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 4853 | FoodAndBeverageEvent1 |
| Name Of Event2 | Golf Outing | NameOfEvent2 |
| Gross Receipts Event2 | 10383 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 10383 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 8125 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 657 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 2716 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 7 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 71295 | GrossReceiptsOtherEvents |
| Gross Revenue Other Events | 71295 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 1103 | NonCashPrizesOtherEvents |
| Food And Beverage Other Events | 6755 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 2746 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 2690 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 92080 | GrossReceiptsTotal |
| Gross Revenue Total Events | 92080 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 1103 | NonCashPrizesTotalEvents |
| Food And Beverage Total Events | 19733 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 3403 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 5406 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 29645 | DirectExpenseSummaryEvents |
| Net Income Summary | 62435 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|---|---|---|
| employee waivers | 72 | 900169 | FMV | tuition | |
| grants and scholarships | 1696 | 20886083 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANTS AND ASSISTANCE IN THE UNITED STATES | Identifier |
| Return Reference | FORM 990, SCHEDULE I, LINE 2 | ReturnReference |
| Explanation | Washington College awarded $21,786,252 in scholarships for 6/30/11. Washington College offers several types of financial aid to help qualified full-time undergraduate students meet their college expenses. College-sponsored tuition scholarships, tuition grants, work/study, and low-interest loans are available to full-time undergraduate students who demonstrate financial need and who meet the College's admission criteria. In addition to College-sponsored financial aid, eligible students can receive assistance from federal, state, and independent aid programs. Grant and scholarship assistance from all sources is first applied to full-time tuition charges. Grant and scholarship assistance in excess of tuition is then applied to direct college charges for fees, and on campus room and board. The Federal Government makes FFELP funds available to undergraduate students to attend post-secondary institutions. Eligibility is based on financial need, and application is through the normal financial aid application process of Washington College. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mitchell Reiss | |||||||||||||
| 164333 | 0 | 0 | 0 | 1122 | 0 | 11540 | 0 | 40095 | 0 | 217090 | 0 | 0 | 0 |
| L Baird Tipson | |||||||||||||
| 22000 | 0 | 0 | 0 | 315332 | 0 | 22850 | 0 | 14672 | 0 | 374854 | 0 | 0 | 0 |
| James V Manaro | |||||||||||||
| 247388 | 0 | 0 | 0 | 14846 | 0 | 17362 | 0 | 14523 | 0 | 294119 | 0 | 0 | 0 |
| Christopher Ames | |||||||||||||
| 192844 | 0 | 0 | 0 | 690 | 0 | 9408 | 0 | 13614 | 0 | 216556 | 0 | 0 | 0 |
| Joseph L Holt | |||||||||||||
| 144195 | 0 | 0 | 0 | 5450 | 0 | 9383 | 0 | 7930 | 0 | 166958 | 0 | 0 | 0 |
| Elizabeth B Herman | |||||||||||||
| 187804 | 0 | 0 | 0 | 58394 | 0 | 13087 | 0 | 7588 | 0 | 266873 | 0 | 0 | 0 |
| Mela Dutka | |||||||||||||
| 140191 | 0 | 0 | 0 | 97 | 0 | 9755 | 0 | 6135 | 0 | 156178 | 0 | 0 | 0 |
| Billie S Dodge | |||||||||||||
| 150448 | 0 | 0 | 0 | 690 | 0 | 9712 | 0 | 8686 | 0 | 169536 | 0 | 0 | 0 |
| Richard Gillin | |||||||||||||
| 154998 | 0 | 0 | 0 | 267 | 0 | 8559 | 0 | 541 | 0 | 164365 | 0 | 0 | 0 |
| John L Seidel | |||||||||||||
| 142489 | 0 | 0 | 0 | 426 | 0 | 9670 | 0 | 10879 | 0 | 163464 | 0 | 0 | 0 |
| George Spilich | |||||||||||||
| 135040 | 0 | 0 | 0 | 277 | 0 | 8400 | 0 | 10817 | 0 | 154534 | 0 | 0 | 0 |
| Donald Munson | |||||||||||||
| 137490 | 0 | 0 | 0 | 534 | 0 | 8360 | 0 | 7799 | 0 | 154183 | 0 | 0 | 0 |
| Terrence Scout | |||||||||||||
| 130466 | 0 | 0 | 0 | 277 | 0 | 8349 | 0 | 11529 | 0 | 150621 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COMPENSATION INFORMATION | FORM 990, SCHEDULE J, PART I | LINE 1A - Housing Allowance - Washington College provides a home to live in for the President and his family. LINE 1A - Health or Social Club Dues - The President of Washington College is reimbursed the cost of social club dues. To the extent that the President uses the club for personal purposes, the value of the benefit is included in his/her taxable income. LINE 1B - The President of Washington College is provided housing as a condition of his employment. A house is provided on campus for the convenience of the College to enable the President to respond to emergent situations 24/7. |
| Part I, Line 4a | The following individuals received severance payments in calendar year 2010. Beth Herman $51,555 L. Baird Tipson $298,069 These amounts are reported in Schedule J, Part II, column (b)(iii). |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| TOWN OF CHESTERTOWN MARYLAND | |||||||
| 526000783 | 166630AA1 | 2008-05-08 | 65500000 | REFUNDING OF 2008 BONDS | true | true | false |
| TOWN OF CHESTERTOWN MARYLAND | |||||||
| 526000783 | 2009-10-29 | 30000000 | REFUNDING OF 2008 BONDS | false | true | false | |
| TOWN OF CHESTERTOWN MARYLAND | |||||||
| 526000783 | 2010-09-17 | 30000000 | REFUNDING OF 2008 BONDS | true | |||
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 19476956 | 65500000 | 0 | 0 | 0 | 563100 | 188526 | 0 | 45271418 | 0 | 0 | true | false | true | true |
| 0 | 0 | 30000000 | 0 | 0 | 30000000 | 0 | 0 | 0 | 0 | 0 | 0 | true | false | true | true |
| 0 | 3460000 | 3460000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | true | false | true | 0.00300 | 0.00000 | 0.00300 | true |
| false | false | true | false | true | 0.00300 | 0.00000 | 0.00300 | true |
| false | false | true | false | true | 0.00300 | 0.00000 | 0.00300 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| RBC PNC | ||||||||
| false | true | true | 30. | false | false | false | false | true |
| TBCPNC | ||||||||
| false | true | true | 30. | false | false | false | false | true |
| RBCPNC | ||||||||
| false | true | true | 30. | false | false | false | false | true |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule K, Part II, Line 3 | Identifier |
| Explanation | Part II, Line 6, Column A - Proceeds in refunding escrows: $30,000,000 was deposited into the account but it was paid out on 10/29/09. Accordingly, at the end of the reporting period no proceeds were held in refunding escrows. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | L BARID TIPSON | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | EX-PRESIDENT | Relationship |
| Amount Of Transaction | 18500 | AmountOfTransaction |
| Description Of Transaction | SALE OF AUTOMOBILE | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10845 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | BLUE BOOK VALUE | MethodOfDeterminingRevenues |
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 67890 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Intellectual Property IntellectualProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | ANNUAL COST AT FMV | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 19 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 404436 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 38563 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | VARIOUS EQUIPMENT | 10 | 9155 | THRIFT SHOP VALUE |
| X | COMPUTER | 1 | 3999 | FMV |
| X | BOAT SLIP | 1 | 2150 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule M, Part I, Line 32a | Identifier |
| Explanation | To the extent that Washington College receives donations of securities, various third-party brokers are tasked with selling those securities. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Line 2 | Board Members, Peter Davenport and Linda Spire, have a family relationship. | |
| Form 990, Part VI, Line 3 | Chartwell provides food service management and Sodexho provides buildings and grounds management for the College. Chartwell provides a chef and director; all other employees are employees of the College. Sodexho provides a director; all other employees are employees of the College. Barnes & Noble provides management services to the College's bookstore. Barnes & Noble provides the manager. All other employees are employees of the College. | |
| Form 990, Part VI, Line 7A | The alumni elect 12 Board members and the Governor of Maryland appoints 12 board members. | |
| Form 990, Part VI, Line 11 | Management reviews the draft of the 990 for accuracy and reconcilement to the audited financial statements. Once this review is final, a draft copy of the 990 is provided to the Chairman of the Board and the Audit Committee Chairman for review and comments for a 7 day period. A copy of the draft Form 990 is also circulated to the full Board of Trustees for discussion and comment. Each Board Member is provided ample opportunity to comment on the information contained in the 990. After approval of the 990, the tax preparer is notified to finalize the return for filing. A final 990 presentation summary is presented to all the Board members. | |
| Form 990, Part VI, Line 12C | All Covered Persons shall disclose in writing any possible conflict of interest with regard to a proposed transaction or arrangement, as well as all material facts related thereto, to the Board and to the appropriate Board committee, if any, at the earliest practicable time. After a possible conflict of interest has been disclosed, the Board or committee shall discuss and, if necessary, investigate alternatives to the proposed transaction or arrangement. Ultimately, the Board or committee shall determine whether the College can obtain a more advantageous transaction or arrangement with reasonable efforts from a person that would not give rise to a conflict of interest and, if such alternative transaction or arrangement is not feasible, whether the proposed transaction or arrangement is in the College's best interest and will not compromise or have the appearance of compromising the College's academic and fiscal integrity. The interested person shall refrain from participating in the discussion concerning and from voting on the issue that presents the conflict of interest or the appearance of a conflict of interest, and may be asked to leave the meeting during discussion of and/or the vote on the issue. | |
| Form 990, Part VI, Line 15 | Since the 1980s, Washington College has pursued a Board-authorized aspiration to compensate faculty, on average, at the all-ranks average of institutions with a Carnegie classification of IIB (private, independent). However, a similar standard for administrative staff was not in operation. To develop such a norm, the College retained the services of Watson Wyatt, a global human resources consulting firm, to assist in establishing a new staff compensation program. Based upon staff focus groups, a thorough review of staff position descriptions, and a benchmarking of then current staff pay levels with the competitive marketplace, Watson Wyatt developed, and the administration implemented, the following Compensation Philosophy: Washington College's staff compensation programs are designed to be competitive with peer institutions and comparable, premier employers. Our programs are designed to reward performance and contributions that lead to improved operational results. o Following best practices and to ensure competitiveness, Washington College builds our pay opportunities around the median of the target market. (Market is defined as either comparator IIB colleges or the local labor market depending on the position.) o Individual pay determinations involve consideration of incumbents' experience, performance, and contributions. o The College is committed to meritocracy. Our performance management program is designed to increase the personal and professional effectiveness of our staff including providing staff with clear performance expectations and developmental opportunities. We provide leaders with the tools and training to enable them to build effective teams and lead successfully including coaching performance and making sound compensation decisions. Decisions regarding compensation programs, as well as individual pay decisions, will be made based on the above objectives as well as the College's financial situation. Each spring, the Chief of Staff prepares an analysis of compensation provided to competitor IIB college presidents using data analysis conducted by the college and university personnel association (CUPA-HR). The resulting spreadsheet is provided to the Vice-Chair, along with the Executive Market-Based Level Range, to inform any pay adjustment recommendation that might emerge from the subcommittee's annual assessment of the president's performance. The report of the subcommittee, along with any pay adjustment recommendation, is presented to the full Board of Visitors and Governors for review and approval in Executive Session. Any decision by the Board of Visitors and Governors is recorded in the minutes of that meeting. | |
| Form 990, Part VI, Line 19 | Washington College posts Form 990 on its website. The organization's financial statements, governing documents and conflict of interest policy are made available to the public upon written request. | |
| Form 990, Part XI, Line 5 | Net unrealized gains on investments 17,707,909 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 102,896 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,427,615 ---------- TOTAL LINE 5 19,238,420 ========== | Reconciliation of Net Assets |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WC Water LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Washington Ave | AddressLine1 |
| City | Chestertown | City |
| State | MD | State |
| ZIP Code | 21620 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270886807 | EIN |
| Primary Activities | Real Estate | PrimaryActivities |
| Legal Domicile State | MD | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 4389921 | EOYAssets |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chestertown Residential LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1421 Clarkview Road | AddressLine1 |
| City | Baltimore | City |
| State | MD | State |
| ZIP Code | 21209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264539355 | EIN |
| Primary Activity | Real Estate | PrimaryActivity |
| Legal Domicile State | MD | LegalDomicileState |
| Predominant Income Type | Investment | PredominantIncomeType |
| Share Of Total Income | 0 | ShareOfTotalIncome |
| Share Of EOY Assets | 8227960 | ShareOfEOYAssets |
| Disproportionate Allocations | false | DisproportionateAllocations |
| General Or Managing Partner | false | GeneralOrManagingPartner |
| Percentage Ownership | 0.90000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |