2011-05-09T14:21:25-05:00 2010-06-30 LARSONALLEN LLP 300 Crown Colony Drive Suite 310 Quincy MA 02169 990 2009-07-01 042104736 MOUNT IDA COLLEGE MOUN 6179284500 777 DEDHAM STREET NEWTON CENTRE MA 024593323 DAVID HEALY 6179284500 2011-04-19 1 6179848100 2009 2016-02-24 21:20:13Z LANCE CARLUCCIO 777 DEDHAM STREET NEWTON CENTRE MA 024593323 58643773 0 X WWW.MOUNTIDA.EDU X 1938 MA TO EMPOWER ALL STUDENTS TO ACHIEVE ACADEMICALLY AND CONTRIBUTE RESPONSIBLY IN A CHANGING WORLD. 19 19 460 50 125916 -20378 629928 718827 44100677 46075193 -430584 -1128366 13843 8449 44313864 45674103 8899694 10333438 0 18088733 19262611 0 606857 16030213 16509448 43018640 46105497 1295224 -431394 49032110 49976467 41809596 42742072 7222514 7234395 MOUNT IDA COLLEGE PROVIDES A DIVERSE COMMUNITY OF LEARNERS A CHALLENGING EDUCATION THAT BLENDS THE LIBERAL ARTS WITH PROFESSIONAL PREPARATION. WE DEDICATE OUR ENERGY, IMAGINATION, AND RESOURCES TO EMPOWERING ALL STUDENTS TO ACHIEVE ACADEMICALLY AND CONTRIBUTE RESPONSIBLY IN A CHANGING WORLD. 0 0 24990406 10333438 32487534 HIGHER EDUCATION: MOUNT IDA COLLEGE IS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION CHARTERED IN 1899. THE COLLEGE IS AN INDEPENDENT FOUR-YEAR COEDUCATIONAL INSTITUTION OF HIGHER LEARNING. ITS 70-ACRE CAMPUS IS LOCATED IN NEWTON, MASSACHUSETTS. THE COLLEGE IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES, INC. APPROXIMATELY 1,500 FULL- AND PART-TIME STUDENTS ARE ENROLLED IN THE COLLEGE'S FIVE SCHOOLS THAT OFFER MORE THAN 25 AREAS OF STUDY: ANIMAL SCIENCE, ARTS AND SCIENCES, BUSINESS, DESIGN, AND THE NEW ENGLAND INSTITUTE. OVER 85% OF THE STUDENTS ARE ENROLLED IN BACCALAUREATE PROGRAMS. THE COLLEGE'S PHILOSOPHY OF BLENDING A STRONG LIBERAL ARTS FOUNDATION WITH PROFESSIONAL PREPARATION HAS SINCE BEEN ENHANCED BY THE OFFERING OF MASTERS DEGREE STUDY. 7967370 0 12324745 AUXILIARY ENTERPRISES: THE COLLEGE PROVIDES ROOM AND BOARD FOR APPROXIMATELY 900 STUDENTS WHO RESIDE ON CAMPUS. THE COLLEGE ALSO PROVIDES ITS FACILITIES TO OTHER EDUCATIONAL INSTITUTIONS WHOSE MISSIONS ARE SIMILAR TO THAT OF THE COLLEGE. OTHER AUXILIARY ENTERPRISES INCLUDE THE OPERATION OF LONGFELLOW PRE-SCHOOL, WHICH IS A LABORATORY OF ITS EARLY CHILDHOOD DEVELOPMENT PROGRAM, AND MOUNT IDA SUMMER DAY CAMP. THE PRE-SCHOOL PROVIDES A QUALITY EDUCATION EXPERIENCE FOR A MULTI-AGE GROUP OF CHILDREN FROM AGES THREE TO FIVE YEARS, INCLUDING A TRANSITIONAL KINDERGARTEN PROGRAM. 6637922 0 1262914 STUDENT SERVICES: SERVING APPROXIMATELY 1,500 FULL- AND PART-TIME STUDENTS FROM MORE THAN 25 STATES AND 35 COUNTRIES, THE OFFICE OF STUDENT AFFAIRS OFFERS SUPPORT FOR THE INTELLECTUAL, SOCIAL, EMOTIONAL, SPIRITUAL AND PHYSICAL WELL-BEING OF ALL MOUNT IDA STUDENTS. THE OFFICE OF STUDENT ACTIVITIES FOSTERS STUDENT DEVELOPMENT BY PROVIDING SOCIAL, EDUCATIONAL AND CULTURAL CO-CURRICULAR PROGRAMS. THE COLLEGE STRIVES TO ENHANCE LEADERSHIP SKILLS BY OFFERING OPPORTUNITIES TO BECOME INVOLVED WITH STUDENT GOVERNMENT, EVENT PLANNING AND OTHER LEADERSHIP DEVELOPMENT WORKSHOPS AND PROGRAMS. 39595698 1 1 0 0 0 0 1 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 75 0 1 460 1 1 1 0 0 0 0 1 1 0 0 0 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X EDWARD N MOLLER CONTROLLER & ASST TREAS 6179284515 777 DEDHAM STREET NEWTON CENTRE MA 024593323 JUDITH ALLEN 1.00 X 0 0 0 CORRADO ADDONISIO 1.00 X 0 0 0 MICHAEL T BURNS CPA 1.00 X 0 0 0 BLOSSOM BURTON 1.00 X 0 0 0 KATHRYN CORBIN 1.00 X 0 0 0 KEVIN D CROWLEY CHFC 1.00 X 0 0 0 KEVIN M DYSON 1.00 X 0 0 0 PHYLLIS S FANGER 1.00 X 0 0 0 KATHERINE H HANSON 1.00 X 0 0 0 MICHAEL KERRIGAN 1.00 X 0 0 0 ANGELYN KONUGRES PHD 1.00 X 0 0 0 AMY B NYCHIS 1.00 X 0 0 0 JOHN ROSS 1.00 X 0 0 0 ARNOLD ROTH 1.00 X 0 0 0 SYLVIA Q SIMMONS PHD 1.00 X 0 0 0 EDWARD A STETTNER PHD 1.00 X 0 0 0 THOMAS J WAITE 1.00 X 0 0 0 DAVID Z WEBSTER JD 1.00 X 0 0 0 BURTON WINNICK LLB 1.00 X 0 0 0 CAROL J MATTESON PHD 40.00 X 379191 0 80898 DAVID G HEALY 40.00 X 246001 0 44177 EDWARD N MOLLER CPA 40.00 X 91020 0 15107 GRACE BELTRAME 40.00 X 46947 0 5865 OREN SIGAL 40.00 X 36000 0 0 LANCE W CARLUCCIO PHD 40.00 X 156559 0 17841 PHILLIP A CONROY JR 40.00 X 158441 0 34822 JACQUELINE PALMER 40.00 X 103868 0 26120 ELIZABETH A TRUE PHD 40.00 X 124094 0 26256 1342121 0 251086 6 0 1 0 ARAMARK SERVICES INC TWO PLEASURE ISLAND ROAD WAKEFIELD MA 01880 CATERING 2434981 HURLEY OF AMERICA INC PO BOX 3157 BOSTON MA 02241 CUSTODIAL 677343 SECURITAS SECURITY USA INC PO BOX 403412 ATLANTA GA 30384 PUBLIC SAFETY 602579 CUTLER ASSOCIATES 43 HARVARD STREET WORCESTER MA 01615 CONSTRUCTION 521931 SHERATON NEEDHAM HOTEL PO BOX 844179 DALLAS TX 75284 OFFSITE HOUSING 389864 16 2919 715908 718827 TUITION & FEES 611600 33002913 32876997 125916 AUXILIARY ENTERPRISES 611710 12324745 12324745 GOVERNMENT FEES 611710 747535 747535 46075193 299826 299826 11516036 500 12942883 1845 -1426847 -1345 -1428192 -1428192 33391 2919 24942 8449 8449 45674103 45949277 125916 -1119917 10278438 10278438 55000 55000 1170559 492103 520108 158348 16000 16000 13670945 12057985 1405628 207332 1540769 1363885 156826 20058 1847576 1163550 668518 15508 1016762 866963 126791 23008 51792 51792 106754 106754 29160 29160 1137354 611462 506087 19805 181813 167460 11523 2830 657676 521138 107568 28970 694763 340452 318365 35946 3902308 3356968 529144 16196 334128 275991 39141 18996 104691 92665 8048 3978 1266298 1204606 61692 2043372 1859162 182865 1345 564043 406049 157532 462 SUPPLIES 3420174 3248330 144477 27367 BAD DEBT EXPENSE 676835 0 676835 0 SECURITY SERVICE 635252 635006 0 246 STUDENT ACTIVITIES 442952 438119 1920 2913 DUES & SUBSCRIPTIONS 155870 98918 33403 23549 104213 61448 42765 46105497 39595698 5902942 606857 61234 183441 179378 450000 318576 225699 503492 463410 270652 324535 55936162 18401831 29895159 37534331 8415626 8519607 639127 1470330 8748866 805114 49032110 49976467 3179698 2615779 1531718 1322974 25970000 25970000 2000000 2000000 9128180 10833319 41809596 42742072 X 6335718 5964211 391675 572162 495121 698022 7222514 7234395 49032110 49976467 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 9054753 177026 894086 106768 29160 9989937 10761721 37055 -1718744 25279 9054753 0.92960 0.06850 0.00200 0 0 151412 151412 47764408 13900771 33863637 8020342 4501060 3519282 37534331 ACCRUED PENSION LIABILITY 5683150 SWAP AGREEMENT, MARKET VALUE 3742378 DEFERRED COMPENSATION 1371251 ANNUITY PAYMENT LIABILITY 36540 10833319 45674103 46105497 -431394 2044584 -1601309 443275 11881 36634305 2044584 -721784 1322800 35311505 29160 10333438 10362598 45674103 36622424 879525 879525 35742899 29160 10333438 10362598 46105497 Part III, Line 1a: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS HELD AS PART OF A COLLECTION FOR EDUCATION, RESEARCH, OR PUBLIC EXHIBITION PURPOSES RATHER THAN FOR SALE OR FINANCIAL GAIN ARE NOT RECOGNIZED OR CAPITALIZED. Part III, Line 4: FACULTY IN THE SCHOOL OF DESIGN MAKE USE OF VARIOUS ITEMS IN THE ART COLLECTION ON CAMPUS AS TEACHING AIDS AND EXAMPLES RELATING TO WORK THAT STUDENTS DO IN CLASSES SUCH AS AR 102 BASIC DRAWING SKILLS, AR 112 TWO- AND THREE-DIMENSIONAL DESIGN, AND AR 107 DRAWING CONCEPTS, TO NAME A FEW. STUDENTS IN BASIC DRAWING MAKE STUDIES OF SCULPTURE ON CAMPUS EACH YEAR AS PART OF THE COURSE EXPERIENCE. IN TWO- AND THREE-DIMENSIONAL DESIGN, STUDENTS ARE ASKED TO CREATE THEIR OWN SCULPTURE IN-THE-ROUND. THEY ARE ABLE TO STUDY EXAMPLES OF THIS TYPE OF SCULPTURE ON THE CAMPUS GROUNDS IN PREPARATION FOR MAKING THEIR OWN WORK. IN DRAWING CONCEPTS, VARIOUS WATERCOLOR PAINTINGS ARE USED TO DEMONSTRATE TO STUDENTS HOW LINEAR PERSPECTIVE IS USED TO CREATE ILLUSIONISTIC THREE-DIMENSIONAL SPACE ON A TWO-DIMENSIONAL SURFACE. IN GENERAL, THE ITEMS IN THE COLLECTION HELP CREATE AN ENVIRONMENT OF ART AND DESIGN ON CAMPUS FOR THOSE STUDYING IN DESIGN PROGRAMS AND SUPPORT THE COLLEGE'S MISSION OF BLENDING THE LIBERAL ARTS WITH PROFESSIONAL PREPARATION FOR ALL STUDENTS. Part V, Line 4: Description of Intended Use of Endowment Funds: THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. Part XI, Line 8 - Other Adjustments: LOSS ON MARKET VALUE OF SWAP AGREEMENT: -746726. CHANGE IN ACCRUED PENSION LIABILITY: -854583. Part XII, Line 2d - Other Adjustments: LOSS ON MARKET VALUE OF SWAP AGREEMENT: -746726. SPECIAL EVENT EXPENSES: 24942. Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 10333438. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES: 24942. CHANGE IN ACCRUED PENSION LIABILITY: 854583. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 10333438. 1 1 1 THE COLLEGE DOES NOT DISCRIMINATE IN REGARD TO RACE, COLOR, CREED, SEX, AGE, DISABILITY OR NATIONAL ORIGIN IN ITS ADMISSIONS, SCHOLARSHIPS, AND FINANCIAL AID PROGRAMS. THIS POLICY IS STATED IN ALL PRINTED MATERIALS AND PROPERLY DISCLOSED ON BROADCAST AND TELEVISED MEDIA. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES GRANTS IN THE FORM OF FUNDS TO BE DISTRIBUTED FOR STUDENT FINANCIAL AID OR SUPPORT OF EDUCATIONAL PROGRAMS FROM THE FOLLOWING ORGANIZATIONS: SCHOLARSHIP PAYMENTS FROM VARIOUS STATE AGENCIES ON BEHALF OF STUDENTS - UNITED STATES DEPARTMENT OF EDUCATION; STUDENT FINANCIAL ASSISTANCE - CLUSTER; FEDERAL PELL GRANT PROGRAM; FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS; FEDERAL WORK STUDY PROGRAM; AND FEDERAL FAMILY EDUCATION LOANS. 1 1 East Asia and the Pacific 0 6 PROGRAM SERVICES STUDY ABROAD EXPENDITURES $31,410; RECRUITING EXPENDITURES $5,000 36410 Europe (Including Iceland & Greenland) 0 2 PROGRAM SERVICES STUDY ABROAD EXPENDITURES $121,356; RECRUITING EXPENDITURES $5,000 126356 Central America and the Caribbean 0 1 PROGRAM SERVICES RECRUITING 5000 South America 0 1 PROGRAM SERVICES RECRUITING 5000 0 10 172766 FINANCIAL AID Europe (Including Iceland & Greenland) 3 25000 DIRECT APPLICATION TO STUDENT ACCOUNT 0 N/A N/A FINANCIAL AID Middle East and North Africa 2 18000 DIRECT APPLICATION TO STUDENT ACCOUNT 0 N/A N/A FINANCIAL AID Central America and the Caribbean 1 6500 DIRECT APPLICATION TO STUDENT ACCOUNT 0 N/A N/A FINANCIAL AID East Asia and the Pacific 1 5500 DIRECT APPLICATION TO STUDENT ACCOUNT 0 N/A N/A Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: THE COLLEGE'S DEPARTMENT OF FINANCIAL AID REVIEWS AND APPROVES THE PROCEDURES FOR MONITORING THE FUNDS. THE CONTROLLER AND BURSAR MONITOR THE USE OF GRANT FUNDS AND APPLY GENERAL ACCOUNTING PROCEDURES IN BOOKING THE FUNDS ON FINANCIAL RECORDS. GOLF EVENT 36310 2919 33391 2919 16800 856 4367 36310 2919 33391 2919 16800 856 4367 24942 8449 1 SCHOLARSHIPS/FINANCIAL AID 963 10278438 0 N/A N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE COLLEGE'S DEPARTMENT OF FINANCIAL AID REVIEWS AND APPROVES THE PROCEDURES FOR MONITORING THE FUNDS. THE CONTROLLER AND BURSAR MONITOR THE USE OF GRANT FUNDS AND APPLY GENERAL ACCOUNTING PROCEDURES IN BOOKING THE FUNDS ON FINANCIAL RECORDS. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 CAROL J MATTESON PHD 379191 0 0 0 0 0 48466 0 32432 0 460089 0 0 0 DAVID G HEALY 246001 0 0 0 0 0 35854 0 8323 0 290178 0 0 0 LANCE W CARLUCCIO PHD 156559 0 0 0 0 0 11193 0 6648 0 174400 0 0 0 PHILLIP A CONROY JR 158441 0 0 0 0 0 22188 0 12634 0 193263 0 0 0 ELIZABETH A TRUE PHD 124094 0 0 0 0 0 18907 0 7349 0 150350 0 0 0 Part I, Line 1a TAX INDEMNIFICATION AND GROSS-UP PAYMENTS HOUSING ALLOWANCE - CAROL MATTESON $25,055 - NOT INCLUDED IN TAXABLE INCOME MASSACHUSETTS HEALTH AND EDUCATION FACILITIES AUTHORITY 043379905 57586CYF6 2007-06-14 26815000 REFINANCE OLD DEBT, NEW FACILITY CONSTRUCTION 0 0 27322412 214565 2009 1 0 1 1 0 0 0 0 1 1 ALEXANDRA A EICHLER FAMILY MEMBER OF PRESIDENT, C. MATTESON FINANCIAL AID Amount $ 23100. MCCARTER AND ENGLISH LLP BOARD TRUSTEE IS A PARTNER 15961 CONSULTING FEES 0 X 1293 FAIR MARKET VALUE X 1 91 FAIR MARKET VALUE X DIGITAL RADIOGRAPHY SYSTEM 1 65000 FAIR MARKET VALUE X FUNERARY 54 31877 FAIR MARKET VALUE X FABRICS 2 3832 FAIR MARKET VALUE X MISCELLANEOUS 15 5623 FAIR MARKET VALUE 0 0 1 0 Form 990, Part VI, Section A, line 1 THE COLLEGE'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTS OF THE CHAIR AND VICE CHAIR, BOTH SERVING AS EX-OFFICIO VOTING MEMBERS AND THE PRESIDENT AS A NON-VOTING EX-OFFICIO MEMBER; AND NOT LESS THAN FIVE ADDITIONAL TRUSTEE MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE COLLEGE WHEN THE BOARD IS NOT IN SESSION EXCEPT THE FOLLOWING ACTIONS RESERVED FOR THE BOARD OF TRUSTEES: ALTER OR AMEND THE ARTICLES OF INCORPORATION OR THE BYLAWS; TO AWARD OR CONFER DEGREES; TO CHANGE THE PRINCIPAL OFFICE OF THE CORPORATION; TO ELECT OFFICERS; TO FILL VACANCIES IN SUCH OFFICE OR REVERSE ANY PRIOR ACTION OF THE BOARD; TO REMOVE OFFICERS OR TRUSTEES FROM OFFICE; TO AUTHORIZE A MERGER OF THE CORPORATION; TO CHANGE THE NUMBER OF THE BOARD OF TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES; OR AS MAY OTHERWISE BE LIMITED BY LAW, THE ARTICLES OF ORGANIZATION OR THE BYLAWS. Form 990, Part VI, Section B, line 11 BEFORE THE FORM 990 WAS FILED, THE RETURN WAS REVIEWED BY THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO THE MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 12c THE COLLEGE'S CONFLICT OF INTEREST POLICY COVERS TRUSTEES (INCLUDING EX-OFFICIO, HONORARY AND EMERITUS MEMBERS OF THE BOARD OF TRUSTEES), COMMITTEE MEMBERS AND EXECUTIVE OFFICERS. ALL COVERED INDIVIDUALS ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE TO THE FULL BOARD OF TRUSTEES IDENTIFYING POTENTIAL RELATIONSHIPS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST, WITH UPDATES TO THE DISCLOSURES IN THE EVENT OF CHANGED CIRCUMSTANCES. POTENTIAL CONFLICTS ARE SUBJECT TO THE REVIEW AND APPROVAL OF THE BOARD OF TRUSTEES TO ENSURE THAT SUCH TRANSACTION OR RELATIONSHIP IS IN THE BEST INTERESTS OF THE COLLEGE AND COMPLIES WITH COLLEGE POLICY AND ALL APPLICABLE LEGAL AND ETHICAL GUIDELINES. ANY COVERED INDIVIDUAL HAVING A PERSONAL INTEREST IN A GIVEN TRANSACTION OR OTHER RELATIONSHIP SHALL NOT PARTICIPATE IN THE DISCUSSION OF THAT TRANSACTION OR RELATIONSHIP, EXCEPT TO RESPOND TO QUESTIONS OR INQUIRIES FROM OR PROVIDE INFORMATION REQUESTED BY THE TRUSTEES OR OTHERS, SHALL SPECIFICALLY ABSTAIN FROM VOTING ON THE TRANSACTION OR RELATIONSHIP, AND SHALL NOT BE COUNTED TOWARDS A QUORUM FOR PURPOSES OF THE VOTE. THE EXECUTIVE COMMITTEE SHALL REPORT TO THE BOARD OF TRUSTEES PERIODICALLY, AND AT LEAST ANNUALLY, ON ALL NON-DE MINIMIS TRANSACTIONS AND OTHER FINANCIAL RELATIONSHIPS BETWEEN THE COLLEGE AND COVERED PERSONS. SUCH REPORT SHALL INCLUDE A DESCRIPTION OF THE TRANSACTION OR RELATIONSHIP, THE FEES PAID OR RECEIVED BY THE COLLEGE (IF ANY), AND OTHER RELEVANT INFORMATION. Form 990, Part VI, Section B, line 15 THE BOARD OF TRUSTEES APPROVES THE CONTRACT, IF ANY, AND ALL SALARY, INCENTIVES, BONUSES, LOANS, SUBSIDIES, IN-KIND BENEFITS, EXPENSE ALLOWANCES, DEFERRED COMPENSATION PAYMENTS TO BENEFIT PLANS AND RETIREMENT PLANS, PAYMENTS FOR UNUSED SABBATICAL LEAVE, SEVERANCE PAYMENTS AND ARRANGEMENTS, AND ANY OTHER COMPENSATION, BENEFITS, PAYMENTS AND PERQUISITES, FOR OR OTHERWISE IN BEHALF OF THE PRESIDENT, THE EXECUTIVE VICE PRESIDENT, THE VICE PRESIDENTS, AND THE TREASURER BY, FROM OR ON BEHALF OF THE COLLEGE. THERE SHALL BE A DISCLOSURE TO THE BOARD OF TRUSTEES OF ANY COMPENSATION, BENEFITS, PAYMENTS AND PERQUISITES WHATSOEVER PAID TO THE AFOREMENTIONED OFFICERS BY, FOR OR ON BEHALF OF ANY AFFILIATED ORGANIZATION DEFINED HEREINAFTER. THE COMPENSATION COMMITTEE ("THE COMMITTEE") IS RESPONSIBLE FOR THE ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION AND BENEFITS, FOLLOWING A PERFORMANCE REVIEW. THE COMMITTEE MAY DELEGATE THE PERFORMANCE REVIEW PORTION OF THIS RESPONSIBILITY TO THE CHAIR OF THE BOARD OF TRUSTEES AND TWO OR MORE MEMBERS OF THE COMMITTEE. CHANGES IN COMPENSATION OF THE PRESIDENT SHALL BE CONSISTENT WITH STANDARDS IN THE HIGHER EDUCATION COMMUNITY, WITH SPECIAL REFERENCE TO COMPARABLE INSTITUTIONS. PROPOSED CHANGES, TOGETHER WITH THE COMMITTEE'S RECOMMENDATIONS, SHALL BE SUBMITTED TO THE BOARD OF TRUSTEES FOR APPROVAL. THE COMMITTEE SHALL ALSO REVIEW AND, WHERE NO ACTION BY THE BOARD OF TRUSTEES IS OTHERWISE REQUIRED, APPROVE THE RECOMMENDATIONS OF THE PRESIDENT FOR CHANGES IN COMPENSATION AND BENEFITS FOR THE VICE PRESIDENTS AND TREASURER, AS WELL AS ANY ADDITIONAL SENIOR STAFF MEMBERS REPORTING DIRECTLY TO THE PRESIDENT. WHERE ACTION IS REQUIRED BY THE BOARD OF TRUSTEES, PROPOSED CHANGES, TOGETHER WITH THE COMMITTEE'S RECOMMENDATIONS, SHALL BE SUBMITTED TO THE BOARD OF TRUSTEES FOR APPROVAL. THE COMMITTEE SHALL BE PROVIDED WITH COMPARATIVE DATA FROM NATIONAL OR STATEWIDE SURVEYS OF COMPARABLE INSTITUTIONS, OR FROM LOCAL COLLEGES REGARDED AS SIMILAR TO MOUNT IDA COLLEGE IN TERMS OF DEGREE OFFERINGS, ENROLLMENT AND BUDGET AS THE COMMITTEE MAY REQUIRE IN SATISFYING ITS RESPONSIBILITIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2010 FOR THE PRESIDENT, C. MATTESON; THE VICE PRESIDENT OF FINANCE, D. HEALY; THE VICE PRESIDENT OF ACADEMIC AFFAIRS, L. CARLUCCIO; THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT AND MARKETING, P. CONROY; AND THE VICE PRESIDENT FOR STUDENT AFFAIRS, E. TRUE. Form 990, Part VI, Section C, line 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE COLLEGE'S FORM 990 IS MADE AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND AT WWW.GUIDESTAR.ORG.