COLBY-SAWYER COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- COLBY-SAWYER COLLEGE (EIN 02-0222120)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-15
- IRS object ID
- 201140469349300924
- Schema version
- 2009v1.7
- 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 I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-15T10:06:33-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 Pleasant Street | AddressLine1 |
| City | Bangor | City |
| State | ME | State |
| ZIP Code | 04401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020222120 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Colby-Sawyer College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COLB | NameControl |
| Phone | 6035263000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 541 Main Street | AddressLine1 |
| City | New London | City |
| State | NH | State |
| ZIP Code | 03257 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Douglas W Lyon | Name |
| Title | Treasurer | Title |
| Phone | 6035263000 | Phone |
| Date Signed | 2011-02-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbara J McGuan CPA | Name |
| Phone | 2079421600 | Phone |
| Date Prepared | 2011-02-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Thomas Galligan | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 541 Main Street | AddressLine1 |
| City | New London | City |
| State | NH | State |
| ZIP Code | 03257 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 58897827 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.colby-sawyer.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1837 | YearFormation |
| State Legal Domicile | NH | StateLegalDomicile |
| Activity Or Mission Description | Institute of Higher Learning | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 804 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 414432 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -31552 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6174115 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5963153 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 39981043 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 44850898 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 537860 | InvestmentIncomePriorYear |
| Investment Income Current Year | 891881 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 46693018 | TotalRevenuePriorYear |
| Total Revenue Current Year | 51705932 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 14274766 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16866462 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14830378 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16257272 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1149455 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15516175 | OtherExpensePriorYear |
| Other Expenses Current Year | 16212754 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 44621319 | TotalExpensesPriorYear |
| Total Expenses Current Year | 49336488 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2071699 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2369444 | RevenuesLessExpensesCY |
| Total Assets BOY | 69275083 | TotalAssetsBOY |
| Total Assets EOY | 76651425 | TotalAssetsEOY |
| Total Liabilities BOY | 29595566 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 31619254 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 39679517 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 45032171 | NetAssetsOrFundBalancesEOY |
| Mission Description | Colby-Sawyer College, founded as a coeducational academy in 1837 and engaged in higher education since 1928, is an independent, coeducational, residential, undergraduate college. The College provides programs of study, which innovatively integrate liberal arts and sciences with professional preparation. Through all of its programs, the College encourages students of varied backgrounds and abilities to realize their full intellectual and personal potential so they may gain understanding about themselves, others and the forces shaping our rapidly changing and pluralistic world. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 39182686 | Expense |
| Grants | 16866462 | Grants |
| Revenue | 44850898 | Revenue |
| Description | Colby-Sawyer College, founded in 1837, is an independent, four-year, residential, coeducational college. It serves almost 1,200 students, representing 21 states and 18 foreign countries. The college has a gross annual budget of $54 million, and an endowment of $27 million. There is a 12 to 1 student/faculty ratio, and average class size is 18. It has 21 liberal arts and pre-professional majors, and 17 minor programs as well. Its 31 buildings are located on 200 acres in New London NH. In the last 20 years, Colby-Sawyer has grown from 429 students to 1,169. It has completed more than $47 million in new construction and renovation including:1. Academic Facilities a. Mercer Hall (classrooms) b. Ivey Science Center (classrooms and laboratories) c. Baker Communication Center (classrooms, radio station, video studio) d. Harrington Career Development Center e. Frances Lockwood Bailey Graphic Design Studio f. Windy Hill Lab School2. Three residence halls a. Rooke Hall b. Lawson Hall c. Danforth Hall3. Lethbridge Lodge (student lounge)4. Athletic Facilities a. Hogan Sports Center b. Kelsey Athletic Fields c. Mercer Field d. Kelsey Tennis CourtsColby-Sawyer's primary accreditation is from the New England Association of Schools and Colleges (NEASC), through its Commission on Institutions of Higher Education. However, Colby-Sawyer is also accredited by the following:1. Commission on Accreditation of Athletic Training Education (CAATE)2. Commission on Collegiate Nursing Education (CCNE)3. New Hampshire Board of Nursing4. State of New Hampshire Board of Education | Description |
| Total Program Service Expense | 39182686 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 122 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 804 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 1 | Form1098CFiled |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Karen Bonewald Controller | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6035263000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 541 Main Street | AddressLine1 |
| City | New London | City |
| State | NH | State |
| ZIP Code | 03257 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| A John Pappalardo | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Alice W Brown | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Daniel H Wolf | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| David B Payne | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Erik Edward Joh | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Jean M Wheeler | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Joan C Eliot | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Joyce J Kolligian | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Karen C Eldred | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Mark A Peterson | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Pamela S Bright | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Suzanne S Hammond | |||||||
| Executive Secretary | 2.00 | X | 0 | 0 | 0 | X | |
| Anne W Black | |||||||
| Chairman | 2.00 | X | 0 | 0 | 0 | X | |
| G William Helm Jr | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Richard Dulude | |||||||
| Vice Chairman | 2.00 | X | 0 | 0 | 0 | X | |
| Thomas C Csatari | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| William E Gundy | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| William P Clough III | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Christine B Ferraro | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| George Jamieson | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Robin L Mead | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| William S Reed | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Harry Gazelle | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Susan C Hassett | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Sara H Misiano | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Erik C Rocheford | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Douglas Lyon | |||||||
| VP Finance/Treasurer | 32.00 | 96511 | 0 | 19421 | X | ||
| Thomas C Galligan Jr | |||||||
| President | 40.00 | 236909 | 0 | 66098 | X | ||
| Gregory Mathews | |||||||
| VP Enrollment Management | 40.00 | 112096 | 0 | 21568 | X | ||
| Elizabeth Cahill | |||||||
| VP Advancement | 40.00 | 116119 | 0 | 9784 | X | ||
| Douglas Atkins | |||||||
| VP Administration | 40.00 | 119035 | 0 | 20515 | X | ||
| Deborah Taylor | |||||||
| VP Academics/Dean of Fac | 40.00 | 128346 | 0 | 20399 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 809016 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 157785 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Sodexo Services | |||||
| PO Box 81049 | Woburn | MA | 018131049 | Facilities/Dining Management | 4133340 |
| Andrews Construction | |||||
| PO Box 720 | Campton | NH | 03223 | Construction | 426028 |
| Milestone Engineering & Construction | |||||
| PO Box 2279 | Concord | NH | 033022279 | Engineering | 332117 |
| North Branch Construction | |||||
| 76 Old Turnpike Road | Concord | NH | 03301 | Construction | 265027 |
| Mary Hitchcock Memorial Hospital | |||||
| 1 Medical Drive | Lebanon | NH | 03755 | Medical Services | 219943 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Government Grants | 342060 | GovernmentGrants |
| All Other Contributions | 5621093 | AllOtherContributions |
| Noncash Contributions | 981 | NoncashContributions |
| Total Contributions | 5963153 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Tuition and Fees | 611710 | 32635237 | 32635237 | |
| Auxiliary Enterprises | 713940 | 11745950 | 11331518 | 414432 |
| Other Student Revenue | 611710 | 469711 | 469711 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 44850898 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 605451 | TotalRevenueColumn |
| Exclusion | $605,451 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7478325 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7191895 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 286430 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 286430 | TotalRevenueColumn |
| Exclusion | $286,430 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51705932 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44436466 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 414432 | UnrelatedBusinessRevenue |
| Exclusion | $891,881 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16866462 | Total |
| Program Services | 16866462 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 418939 | Total |
| Management And General | 418939 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12004176 | Total |
| Program Services | 9826836 | ProgramServices |
| Management And General | 1351101 | ManagementAndGeneral |
| Fundraising | 826239 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 863373 | Total |
| Program Services | 578460 | ProgramServices |
| Management And General | 267646 | ManagementAndGeneral |
| Fundraising | 17267 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2073020 | Total |
| Program Services | 1388924 | ProgramServices |
| Management And General | 642636 | ManagementAndGeneral |
| Fundraising | 41460 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 897764 | Total |
| Program Services | 601502 | ProgramServices |
| Management And General | 278307 | ManagementAndGeneral |
| Fundraising | 17955 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208034 | Total |
| Management And General | 208034 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105744 | Total |
| Management And General | 105744 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169472 | Total |
| Program Services | 169472 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 322345 | Total |
| Program Services | 264019 | ProgramServices |
| Management And General | 33181 | ManagementAndGeneral |
| Fundraising | 25145 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13224 | Total |
| Program Services | 13224 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1973464 | Total |
| Program Services | 1322221 | ProgramServices |
| Management And General | 611774 | ManagementAndGeneral |
| Fundraising | 39469 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1763668 | Total |
| Program Services | 1181658 | ProgramServices |
| Management And General | 546737 | ManagementAndGeneral |
| Fundraising | 35273 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242009 | Total |
| Program Services | 179917 | ProgramServices |
| Management And General | 8534 | ManagementAndGeneral |
| Fundraising | 53558 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28056 | Total |
| Program Services | 3596 | ProgramServices |
| Management And General | 24460 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 672475 | Total |
| Management And General | 672475 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1587045 | Total |
| Program Services | 1587045 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141842 | Total |
| Management And General | 141842 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Contract Services | 5142110 | 3023173 | 2070365 | 48572 |
| Other Student Services | 1446583 | 726311 | 711286 | 8986 |
| Miscellaneous | 1085447 | 383014 | 702360 | 73 |
| Consortium | 722615 | 722615 | ||
| Sports | 236387 | 236387 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 352234 | Total |
| Program Services | 107850 | ProgramServices |
| Management And General | 208926 | ManagementAndGeneral |
| Fundraising | 35458 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49336488 | Total |
| Program Services | 39182686 | ProgramServices |
| Management And General | 9004347 | ManagementAndGeneral |
| Fundraising | 1149455 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1209159 | BOY |
| EOY | 242061 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 392663 | BOY |
| EOY | 3139811 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3787635 | BOY |
| EOY | 2841020 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118883 | BOY |
| EOY | 119484 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 705874 | BOY |
| EOY | 685795 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 975397 | BOY |
| EOY | 811889 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 64174038 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23370926 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37641179 | BOY |
| EOY | 40803112 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19602840 | BOY |
| EOY | 23373367 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4590831 | BOY |
| EOY | 4393506 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250622 | BOY |
| EOY | 241380 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69275083 | BOY |
| EOY | 76651425 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1884378 | BOY |
| EOY | 2658364 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1806205 | BOY |
| EOY | 1841522 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13548949 | BOY |
| EOY | 16553949 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4467306 | BOY |
| EOY | 6125962 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1608400 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6280328 | BOY |
| EOY | 4439457 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29595566 | BOY |
| EOY | 31619254 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12888927 | BOY |
| EOY | 15577997 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8675193 | BOY |
| EOY | 8777978 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18115397 | BOY |
| EOY | 20676196 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39679517 | BOY |
| EOY | 45032171 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69275083 | BOY |
| EOY | 76651425 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | 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) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i: | Identifier |
| Return Reference | Explanation of Other Lobbying Activities: | ReturnReference |
| Explanation | Colby-Sawyer College belongs to member organizations which may engage in lobbying activities. An unknown amount of such dues paid may pertain to lobbying activities. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19119125 | BeginningOfYearBalance |
| Contributions | 2308041 | Contributions |
| Investment Earnings Or Losses | 2763840 | InvestmentEarningsOrLosses |
| Other Expenditures | 1031618 | OtherExpenditures |
| End Of Year Balance | 23159388 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24423808 | BeginningOfYearBalance |
| Contributions | 905183 | Contributions |
| Investment Earnings Or Losses | -5048034 | InvestmentEarningsOrLosses |
| Other Expenditures | 1161832 | OtherExpenditures |
| End Of Year Balance | 19119125 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.11090 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.80840 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08070 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2122223 | OtherCostOrOtherBasis |
| Book Value | 2122223 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 44808568 | OtherCostOrOtherBasis |
| Depreciation | 23370926 | Depreciation |
| Book Value | 21437642 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12081200 | OtherCostOrOtherBasis |
| Book Value | 12081200 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5162047 | OtherCostOrOtherBasis |
| Book Value | 5162047 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 40803112 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Interests in Split-Interest Agreements | Description |
| Book Value | 4393506 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 4393506 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| U.S. Government Loan Advances | $500,257 |
| Post-Retirement Benefits Liability | $3,016,729 |
| Annuity Obligations | $922,471 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4439457 | TotalOfAmounts |
| Total Revenue | 51705932 | TotalRevenue |
| Total Expenses | 49336488 | TotalExpenses |
| Excess Or Deficit For Year | 2369444 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2549862 | NetUnrealizedGLOnInvestments |
| Other | $433,348 | OtherAmount |
| Total Adjustments | 2983210 | TotalAdjustments |
| Excess Or Deficit Per FS | 5352654 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 37454497 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2549862 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 17500 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 217137 | OtherRevenues |
| Revenue Not Rptd F990 | 2784499 | RevenueNotRptdF990 |
| Revenue Subtotal | 34669998 | RevenueSubtotal |
| Investment Expenses Not Included | 169472 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 16866462 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 17035934 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 51705932 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 32101843 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 17500 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 471 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 17971 | ExpensesNotRptdF990 |
| Expenses Subtotal | 32083872 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 169472 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 17083144 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 17252616 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 49336488 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | The College's endowment consists of approximately 160 individual funds established for a variety of purposes. Approximately 60% of the endowment is restricted for scholarships. Other purposes include: endowed faculty chairs, building maintenance, faculty and staff development and student awards. The College's endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. |
| Part XI, Line 8 - Other Adjustments: | Change in Value of Life Income Funds: 216682. Adjustment for Marked to Market Interest Rate Swap: 217137. Adjustment of Present Value Liability: -471. | |
| Part XII, Line 2d - Other Adjustments: | Marked to Market Interest Rate Swap: 217137. | |
| Part XII, Line 4b - Other Adjustments: | Scholarships: 16866462. | |
| Part XIII, Line 2d - Other Adjustments: | Adjustment of Present Value Liability: 471. | |
| Part XIII, Line 4b - Other Adjustments: | Scholarships: 16866462. Change in Value of Life Income Funds: 216682. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | The nondiscrimination policy is published in the college catalogue, student handbook, and all recruiting documents. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | Colby-Sawyer College receives Perkins loans and other government grant money. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (10 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Federal ACG Grant | 62 | 49125 |
| Federal SEOG Grant | 247 | 482978 |
| Consortium Grants | 26 | 722615 |
| CSC Grant | 798 | 6801819 |
| CSC Housing Grant | 26 | 158632 |
| CSC Scholarship | 725 | 7754324 |
| Sawyer Scholarship | 23 | 14750 |
| NH Incentive Grant | 4 | 4000 |
| Restricted Scholarships | 24 | 105219 |
| Private Grants and Scholarships | 184 | 773000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Thomas C Galligan Jr | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 232699 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 4210 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 18616 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 47482 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 303007 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | The college provides a housing allowance for Thomas Galligan, the president of the Organization, as it is required that he lives on campus as a part of his employment. Additionally, the College provides gross-up payments for moving expenses to cover the FICA and Medicare taxes for relocating employees. |
| Part I, Line 1b | The Organization is currently working to expand its travel expense reimbursement policy to include the gross-up payments for moving expenses to cover FICA and Medicare taxes for employees who are relocating. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| New Hampshire Health and Education Facilities Authority | ||||||
| 020279866 | 644614QE2 | 2006-08-24 | 14005000 | To finance improvements to the college's facilities | 0 | 0 |
| New Hampshire Health and Education Facilities Authority | ||||||
| 020279866 | 2010-04-20 | 3250000 | Capital Anticipation Note used for facility improvements & swap term. pmts. | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount DefeasedAmountDefeased | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Working Capital ExpendituresWorkingCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|
| 14005000 | 12662774 | 288859 | 1053367 | 2007 | 0 | 0 | 0 | 1 | |
| 3250000 | 1600000 | 2010 | 0 | 0 | 0 | 1 | 1650000 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 46 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 46 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | College Policy | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 23 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | College Policy | 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 | 1 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | College Policy | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | The secretary of the College places the completed 990 on the trustee file share drive on the College's computer network for the trustees to review. The audit committee, a permanent standing committee of the board of trustees, reviews the completed 990 and the College treasurer prepares a summary of the 990 that is reviewed with the entire board of trustees. | |
| Form 990, Part VI, Section B, line 12c | All trustees submit a conflict of interest questionnaire annually. The questionnaires are reviewed by the secretary of the College and the College treasurer. Any conflicts would be referred to the audit committee, a permanent standing committee of the board of trustees, for review and any necessary action would be taken. | |
| Form 990, Part VI, Section B, line 15 | Compensation at Colby-Sawyer is under the review of the human resources committee, a permanent standing committee of the board of trustees. All compensation is based on a formal compensation plan prepared for the College by Pricewaterhouse Coopers in 2008. | |
| Form 990, Part VI, Section C, line 19 | The Organization makes its governing documents, conflict of interest policy and financial statements available to the public through the Organization's webiste, upon request and through the employee handbook. | |
| Form 990, Part XI, Line 2c: | The Audit Committee, a permanent standing committee of the Board of Trustees, has enterprise wide risk management responsibilities for Colby-Sawyer College. The Audit Committee engages the audit firm to perform the independent audit of the College's financial statements and negotiates the fee for the audit. The Audit Committee meets with the audit firm together with management and then in executive session without management to review the audit. The chair of the Audit Committee then reports to the full Board on the audit results. The complete audit, management letter, bond covenant letter and A-133 are posted on the Trustee File Share drive on the College's computer network for the trustees review. | Oversight of Audit |