2011-05-12T18:02:31-07:00 2010-06-30 990 2009-07-01 042103637 WELLESLEY COLLEGE WELL 7812832258 106 Central Street Wellesley MA 024818203 Donna Ng 7812832258 2011-05-12 2009 2016-02-24 21:20:13Z H Kim Bottomly 106 Central Street Wellesley MA 02481 525836273 0 X www.wellesley.edu X 1870 MA WELLESLEY PROVIDES A SUPERIOR 4-YEAR LIBERAL ARTS EDUCATION FOR WOMEN IN A TOTAL LEARNING ENVIRONMENT THAT PREPARES OUR GRADUATES FOR LEADERSHIP AND TEAM BUILDING ROLES AROUND THE WORLD. 33 33 611 0 -2357696 0 46642704 36826123 86542735 90400408 36345129 28464471 33240312 34743846 202770880 190434848 40113410 45401325 0 0 134711481 122046188 0 0 7782048 76297654 69129442 251122545 236576955 -48351665 -46142107 1811059758 1810690898 322211631 276119474 1488848127 1534571424 WELLESLEY PROVIDES A SUPERIOR 4-YEAR LIBERAL ARTS EDUCATION FOR WOMEN IN A TOTAL LEARNING ENVIRONMENT THAT PREPARES OUR GRADUATES FOR LEADERSHIP AND TEAM-BUILDING ROLES AROUND THE WORLD. 0 0 153805287 0 90400408 OUTSTANDING EDUCATION: OUR PRIORITY IS ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM ALSO HAS SPECIAL RELEVANCE IN TERMS OF MASTERING A BROAD RANGE OF INTELLECTUAL AND CULTURAL CONTENT TO OUR GRADUATES' POST-COLLEGE LIVES. 7014720 0 7014720 SPONSORED RESEARCH: WELLESLEY PRIDES ITSELF ON ITS COMMITMENT TO SUPPORTING THE TEACHER-SCHOLAR IDEAL, ENABLING OUR GIFTED FACULTY MEMBERS TO INTEGRATE THEIR LOVE OF WORKING CLOSELY WITH STUDENTS WITH SERIOUS PURSUIT OF THEIR WORLD-CLASS RESEARCH. 46568147 42939841 0 PROVIDE FINANCIAL AID ASSISTANCE: WE HAVE WORKED TO DEVELOP AND SUSTAIN AN ENVIABLE FINANCIAL AID ASSISTANCE POLICY THAT IS 100% NEED BLIND, MAKING IT POSSIBLE FOR ANY WOMAN WHO WANTS - AND IS ACADEMICALLY QUALIFIED FOR - A WELLESLEY EDUCATION WILL BE ABLE TO ATTEND. THIS POLICY ENABLES US TO OFFER THE WORLD A GREATER DIVERSITY OF UNUSUALLY WELL PREPARED CHANGE-MAKERS THAN MOST OTHER LIBERAL ARTS COLLEGES. 0 0 0 207388154 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 1 3199 0 1 611 1 1 1 1 FR IT MX 0 0 0 0 0 0 0 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Donna Ng 7812832258 106 Central Street Wellesley MA 02481 Alecia DeCoudreaux 12 X 0 0 0 Sidney R Knafel 10 X 0 0 0 Alicia M Cooney 3 X 0 0 0 Alison Li Chung 2 X 0 0 0 Beth K Pfeiffer 3 X 0 0 0 Betsy Wood Knapp 2 X 0 0 0 Bunny Winter 3 X 0 0 0 Dorothy Chao Jenkins 2 X 0 0 0 Douglas Bennet 2 X 0 0 0 Elizabeth Strauss Pforzheimer 2 X 0 0 0 Ellen Gill Miller 2 X 0 0 0 Ellen Goldberg Luger 2 X 0 0 0 Ioannis Miaoulis 2 X 0 0 0 James T Kloppenberg 2 X 0 0 0 Joan Wallace-Benjamin 2 X 0 0 0 Karen Gentleman 2 X 0 0 0 Katherine Stone Kaufmann 2 X 0 0 0 Laura R Malkin 2 X 0 0 0 Linda Wertheimer 3 X 0 0 0 Lindsey C Boylan 2 X 0 0 0 Lois Juliber 2 X 0 0 0 Lynn Dixon Johnston 2 X 0 0 0 M Amy Batchelor 2 X 0 0 0 Mahnaz Ispahani-Bartos 2 X 0 0 0 Nami Park 2 X 0 0 0 Norton H Reamer 3 X 0 0 0 Pamela A Melroy 3 X 0 0 0 Patricia J Williams 2 X 0 0 0 Ruth J Chang 3 X 0 0 0 Stephen W Kidder 2 X 0 0 0 Thomas E Faust Jr 2 X 0 0 0 William S Kaiser 2 X 0 0 0 H Kim Bottomly 70 X 537853 0 110161 Andrew Shennan 60 X 269598 0 133880 Andrew B Evans 60 X 291489 0 83472 Cameran M Mason 60 X 323368 0 45552 Deborah F Kuenstner 60 X 588421 0 31695 Adele J Wolfson 60 X 213639 0 38088 Debra S DeMeis 60 X 183975 0 63048 Donna Ng 60 X 203002 0 56374 Jennifer C Desjarlais 60 X 170874 0 24830 Joanne E Berger-Sweeney 60 X 188917 0 36245 Kathleen R Browne 60 X 264278 0 32184 Louis E Sousa 60 X 531625 0 45581 Claire T Loranz 35 X 289922 0 16264 Eleanor C Tutty 35 X 273858 0 9907 Linda M Church 35 X 292170 0 19243 Rosamond V White 35 X 364289 0 13233 Sylvia S Hiestand 35 X 336749 0 15767 Diana C Walsh 0 X 215216 0 0 Micheline E Jedrey 0 X 418612 0 24188 Patricia M Byrne 0 X 509060 0 21535 6466915 0 821247 217 1 1 0 AVI Food Systems 2590 Elm Rd NE Warren OH 44483 Food management services 2475648 Ropes and Gray One International Place Boston MA 02110 Legal Services 460909 Aramark Corp 24818 Network Place Chicago IL 60673 Construction management services 372148 Menders Torrey and Spencer 123 North Washington St Boston MA 02114 Construction administration services 244380 PricewaterhouseCoopers LLP 1251 Avenues of the Americas New York NY 10020 Audit services 199400 11 0 0 0 0 2521215 34304908 3994239 36826123 Student tuition and fees 611600 90400408 90400408 0 0 0 0 0 0 90400408 7374281 0 0 7374281 44615 44615 0 0 0 0 0 0 0 0 356447000 0 335401425 0 21045575 0 21045575 0 -6166574 27212149 0 Student room and board 611710 25056799 25056799 0 0 Nehoiden golf club 713990 934273 170695 763578 0 Wellesley College Club 722100 3020402 1251611 1768791 0 5732372 4455863 1276509 0 34743846 190434848 121379991 -2357696 34586430 0 0 39740054 39740054 5661271 5661271 3767039 1027003 2416668 323368 86509316 75443299 7875021 3190996 13682598 11590105 1559844 532649 11976566 8029396 2740097 1207073 6110669 5176158 696629 237882 8577291 7482485 82119 1012687 255490 27746 227744 0 228384 228384 121736 121736 248666 84503 163346 817 5919465 5403947 387890 127628 523295 504996 13417 4882 888 888 7175522 6103566 889007 182949 3448016 3042286 311567 94163 1288249 1064046 127798 96405 8313340 8313340 14345257 12141088 1827988 376181 1074371 1038176 27696 8499 Equipment rental 4424247 3882147 523588 18512 Printing and publications 1382361 1145740 34207 202414 Postage and shipping 655888 499673 17099 139116 Study away expenses 3181527 3181527 0 0 Non-payroll taxes 881186 798586 68756 13844 7084263 6006128 1066152 11983 236576955 207388154 21406753 7782048 23929438 29425476 26817019 19810807 48949622 47015062 372035 1511617 1316547 1293873 0 0 9280118 9112954 680667 692889 4248978 2014735 473642942 171193719 292179807 302449223 645509000 802190000 703543527 591431262 54233000 3743000 1811059758 1810690898 68437107 75377489 2390172 1792441 2677881 3519148 144245554 142050260 8103000 7483000 96357917 45897136 322211631 276119474 X 506453631 517193542 573375359 600601655 409019137 416776227 1488848127 1534571424 1811059758 1810690898 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 1287284484 13163000 116408889 0 86612435 0 1330243938 1629447388 9049117 -270013057 0 81198964 0 1287284484 0.338 0.632 0.03 0 0 0 40933941 40933941 0 394228957 162766642 231462315 0 0 0 0 0 12440044 8427077 4012967 0 26040000 0 26040000 302449223 F F Venture Capital 127705000 F Buyout Funds 68048000 F Distressed securities 57080000 F Real Estate 87831000 F Oil and Gas 73988000 F Timberland 40027000 F Semi Marketable 113710000 F Miscellaneous Other 23042262 F 591431262 Collateral received for securities lending 3743000 3743000 0 Liability under securities lending transactions 3743000 Government loan advances 4568996 Annuities and unitrusts payable 37585140 45897136 190434848 236576955 -46142107 91865404 0 0 0 0 91865404 45723297 231731000 91865404 0 0 0 91865404 139865596 0 50569252 50569252 190434848 186007703 0 0 0 0 0 186007703 0 50569252 50569252 236576955 SchD_P03_S00_L01 Schedule D, Part III, Line 1 Wellesley College does not report as revenue any gifts for works of art. In addition, the College does not capitalize works of art as assets on its balance sheet. The audited financial statements do not contain a footnote regarding works of art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Davis Museum and Cultural Center has a permanent collection of approximately 10,000 objects dating from ancient times to the present day. Included are paintings, sculpture, decorative objects, and works on paper representing the creative genius of cultures around the world. The collection of the museum serves as a valued teaching resource for students and faculty in many of the disciplines represented at Wellesley College. Professors frequently make assignments that require students to visit the museum to view a work of art in the galleries. The museum also makes works from the collection available for examination in class meetings held at the museum. In each of these examples, the students' encounter with the original art work, not a reproduction, is fundamental. In addition to these more formal learning experiences, the Davis Collection also plays a central role in the College's efforts to raise in its students an awareness of richness and breadth of human creativity and a respect for its diversity. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Wellesley College's endowed funds are used to support critical academic programs of the College and financial aid to our students. SchD_P10_S00_L00 Schedule D, Part X Wellesley has reviewed its tax position and has recorded liabilities as necessary. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Financial aid expense $42,668,879, Swaps $4,397,821, Minimum pension liability $3,502,552, Total $50,569,252 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial aid expense $42,668,879, Swaps $4,397,821, Minimum pension liability $3,502,552, Total $50,569,252 1 1 1 ALL COLLEGE PUBLICATIONS, INCLUDING RECRUITMENT BROCHURES AND CATALOGS, COURSE DESCRIPTION DOCUMENTS, THE COLLEGE WEBSITE, AND FACULTY AND STUDENT HANDBOOK, ETC. OUTLINE THE INSTITUTIONS' RACIALLY NON DISCRIMINATORY POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The College participates in various financial aid programs sponsored by the federal and state government such as Pell Grants. 1 1 Europe (including Iceland and Greenland) 1 1 Program Services Academic program for students 2462804 Central America and the Caribbean Program Services Study away tuition 86453 East Asia and the Pacific Program Services Study away tuition 801332 Europe (including Iceland and Greenland) Program Services Study away tuition 1641642 Middle East and North Africa Program Services Study away tuition 119998 Russia and the newly independent States Program Services Study away tuition 44205 South America Program Services Study away tuition 185261 South Asia Program Services Study away tuition 46968 Sub-Saharan Africa Program Services Study away tuition 219520 North America (including Canada and Mexico, but not the United States) Program Services Study away program 148303 South Asia Program Services Study away program 93653 Russia and the newly independent States Program Services Study away programs 60220 East Asia and the Pacific Program Services Study away programs 90733 1 1 6001092 Internship Sub-Saharan Africa 26 82125 Internship South Asia 28 105198 Internship South America 38 48884 Internship Russia and the newly independent States 2 6000 Internship North America (including Canada and Mexico, but not the United States) 7 15545 Internship Middle East and North Africa 12 38125 Internship Europe (including Iceland and Greenland) 25 118109 Internship East Asia and the Pacific 25 48625 Internship Central America and the Caribbean 33 39550 Financial aid Central America and the Caribbean 4 143067 Financial aid East Asia and the Pacific 36 1219332 Financial aid Europe (including Iceland and Greenland) 31 1328457 Financial aid Middle East and North Africa 6 238874 Financial aid North America (including Canada and Mexico, but not the United States) 14 530390 Financial aid Russia and the newly independent States 2 112759 Financial aid South America 1 22848 Financial aid South Asia 16 712985 Financial aid Sub-Saharan Africa 17 850398 SchF_P01_S00_L02 Schedule F, Part I, Line 2 For Financial aid, the College awards aid on a need basis and such award is credited to the student's account. If the student withdraws from Wellesley, the aid is adjusted accordingly. For internships, the College is in contact with the organizations providing the internship to ensure that high quality programs are provided to the students. Payments in connection with a study abroad program are made while the student will be living outside the US. However, at the time the payment was made, the student was a US resident. 1 Financial aid 1253 38157241 Internship 255 1582813 SchI_P01_S00_L02 Schedule I, Part I, Line 2 For financial aid, the College awards aid on a need basis and such award is credited to the student's account. If the student withdraws from Wellesley, the aid is adjusted accordingly. For internships, the College is in contact with the organizations providing the internships to ensure that high quality programs are provided to the students. X X X 1 1 X X X X X 1 0 0 0 0 1 0 0 0 H Kim Bottomly 497646 0 0 0 40208 0 30248 0 79913 0 648015 0 Andrew Shennan 224615 0 30000 0 14983 0 80848 0 53032 0 403478 0 Andrew B Evans 276179 0 0 0 15310 0 30248 0 53225 0 374962 0 Cameran M Mason 265421 0 0 0 57947 0 30248 0 15304 0 368920 0 Deborah F Kuenstner 414110 0 137500 0 36811 0 30240 0 1455 0 620116 0 Adele J Wolfson 185738 0 0 0 27900 0 23082 0 15006 0 251726 0 Debra S DeMeis 159995 0 0 0 23980 0 19218 0 43830 0 247023 0 Donna Ng 175283 0 0 0 27719 0 22493 0 33881 0 259376 0 Jennifer C Desjarlais 151812 0 0 0 19062 0 18419 0 6411 0 195704 0 Joanne E Berger-Sweeney 167638 0 0 0 21279 0 21367 0 14878 0 225162 0 Kathleen R Browne 152572 0 103294 0 8412 0 29100 0 3084 0 296462 0 Louis E Sousa 248388 0 260216 0 23021 0 30248 0 15333 0 577206 0 Claire T Loranz 46023 0 0 0 243899 0 9128 0 7136 0 306186 0 Eleanor C Tutty 51541 0 0 0 222316 0 9285 0 622 0 283764 0 Linda M Church 63219 0 0 0 228951 0 12019 0 7225 0 311414 0 Rosamond V White 96951 0 0 0 267339 0 10250 0 2982 0 377522 0 Sylvia S Hiestand 102322 0 0 0 234428 0 8489 0 7278 0 352517 0 Diana C Walsh 0 0 215216 0 0 0 0 0 0 0 215216 0 Micheline E Jedrey 133076 0 0 0 285536 0 16729 0 7459 0 442800 0 Patricia M Byrne 114632 0 0 0 394428 0 18140 0 3395 0 530595 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Wellesley College's policy is that the College will not pay, or will not reimburse for travel, meals and expenses of the spouse/partner of an employee with the exception of the President. Specifically, while performing her official duties in the areas of development, alumnae relations, and other business of the College, the President may be accompanied by her spouse, who is expected to make an important contribution to achieving the purposes of the travel or events. In those cases, the College's policy is to authorize the payment of all travel and related expenses of the president's spouse. The College provides housing to certain employees as a condition of employment for the convenience and benefit of the College. The housing requirement as a condition of employment is documented in the employee's files. The College will not pay for any personal services with the exception of the President's house. Because the President's house is used extensively for college business, housekeeping services will be provided for the general space. A chef will be at the President's house to provide meals for business purpose functions. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Patricia Byrne's employment with Wellesley College terminated on June 30, 2009. Under the termination agreement, she received $346,950 in severance payments. SchJ_P01_S00_L06 Schedule J, Part I, Line 6 Employees in the Investment Office have an incentive performance-related bonus system based on the investment performance of the Wellesley College endowment. Wellesley College Series E 042103637 575851NQ9 1992-10-23 20000000 Construction 0 0 Wellesley College Series H 042103637 57585KX86 2003-03-01 56750000 Construction - Refinancing 0 0 Wellesley College Series I 042103637 57586CP25 2008-01-28 57385000 Construction - Refinancing 0 0 Wellesley College Series G 042103637 57585J8V6 1999-01-08 20000000 Construction 0 0 20424555 0 0 0 274555 0 20150000 1995 0 0 1 1 58513991 0 38763929 0 510924 0 19239138 2005 0 1 0 1 59100349 0 32473135 13006273 530057 0 8998334 2010 1 1 0 1 20175167 0 0 0 175167 0 20000000 2002 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0.0261 0.0261 1 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 JP Morgan Chase 31.44 0 1 0 0 1 0 0 0 0 Andrew B Evans Mortgage X 800000 789875 0 0 1 Andrew Shennan Mortgage X 598350 503998 0 0 1 1293873 X 13 0 NA X 269 3994239 Cost/Selling Price 0 1 0 SchM_P01_S00_L32a Schedule M, Part I, Line 32a Sale of non cash securities - Wellesley College uses a firm, RBC Dain Rauscher to sell all donated publicy traded securities. SchM_P01_S00_L33 Schedule M, Part I, Line 33 Accounting for Works of Art - Wellesley College does not report as revenue any gifts for works of art. In addition, the College does not capitalize works of art as assets on its balance sheet. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Form 990 was prepared by management with a full review by the finance office. The Audit Committee of the Board of Trustees will review the Form 990 and all required schedules prior to its filing with the IRS. The Form 990 with all required schedules will be made available to the full Board of Trustees prior to its filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Conflict of interest policies are in place for trustees, officers, and all employees. Trustees and officers are required to disclose, at least as often as annually and when a potential conflict issue arises, financial or personal interests which may give rise to conflicts of interest. The Clerk of the Board of Trustees provides an annual report to the trustees summarizing the conflict or potential conflict issues. At least annually, the trustees shall review the College's relationships with significant vendors or service providers serving the College to assure that such relationships are in the best interest of the College and are otherwise consistent with the terms of the conflict of interest policy. Select department heads and other employees on an annual bisis, will make a written disclosure to the Vice President for Finance and Treasurer of reportable conflicts of interest as defined in the conflict of interest policy. Employees will be responsible for completing and returning a disclosure form to the Vice President for Finance and Treasurer. The responses may be modified by the employee at any time during the year if there are any changes. The Vice President for Finance and Treasurer or his designee will review all forms and take any appropriate action that may be necessary. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation of the president and other officers of the College are determined by the Compensation Committee, a subcommittee of the Board of Trustees. The Compensation Committee will use various comparability data from an independent compensation consultant as well as other market surveys. Key employees are compensated based upon the guidelines that the College has for administrative and faculty employees. These guidelines include review of the market by looking at salaries for comparable positions and a merit program based on performance. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 A copy of the Business Conduct Policy which includes the conflict of interest policy is given to all new employees upon hire. Both the Business Conduct Policy and the financial statements are available online on the College website. Wellesley College Alumnae Association 106 Central Street Wellesley MA 02481 042105817 Alumnae association MA 501 (C)(3) 11 N/A WB Daycare Inc 106 Central Street Wellesley MA 02481 042982305 Supporting daycare MA 501(C)(3) 5 Wellesley College Babson College 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 Wellesley College Alumnae Association m 65450 WB Daycare Inc m 199485