2011-02-15T10:06:33-06:00 2010-06-30 Berry Dunn McNeil & Parker LLC 36 Pleasant Street Bangor ME 04401 990 2009-07-01 020222120 Colby-Sawyer College COLB 6035263000 541 Main Street New London NH 03257 Douglas W Lyon 6035263000 2011-02-10 1 Barbara J McGuan CPA 2079421600 2011-02-10 2009 2016-02-24 21:20:13Z Thomas Galligan 541 Main Street New London NH 03257 58897827 0 X www.colby-sawyer.edu X 1837 NH Institute of Higher Learning 26 26 804 50 414432 -31552 6174115 5963153 39981043 44850898 537860 891881 0 46693018 51705932 14274766 16866462 0 14830378 16257272 0 1149455 15516175 16212754 44621319 49336488 2071699 2369444 69275083 76651425 29595566 31619254 39679517 45032171 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. 0 0 39182686 16866462 44850898 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 39182686 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 122 0 804 1 1 1 1 BD 0 0 0 0 0 0 0 1 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X Karen Bonewald Controller 6035263000 541 Main Street New London NH 03257 A John Pappalardo 2.00 X 0 0 0 Alice W Brown 2.00 X 0 0 0 Daniel H Wolf 2.00 X 0 0 0 David B Payne 2.00 X 0 0 0 Erik Edward Joh 2.00 X 0 0 0 Jean M Wheeler 2.00 X 0 0 0 Joan C Eliot 2.00 X 0 0 0 Joyce J Kolligian 2.00 X 0 0 0 Karen C Eldred 2.00 X 0 0 0 Mark A Peterson 2.00 X 0 0 0 Pamela S Bright 2.00 X 0 0 0 Suzanne S Hammond 2.00 X X 0 0 0 Anne W Black 2.00 X X 0 0 0 G William Helm Jr 2.00 X 0 0 0 Richard Dulude 2.00 X X 0 0 0 Thomas C Csatari 2.00 X 0 0 0 William E Gundy 2.00 X 0 0 0 William P Clough III 2.00 X 0 0 0 Christine B Ferraro 2.00 X 0 0 0 George Jamieson 2.00 X 0 0 0 Robin L Mead 2.00 X 0 0 0 William S Reed 2.00 X 0 0 0 Harry Gazelle 2.00 X 0 0 0 Susan C Hassett 2.00 X 0 0 0 Sara H Misiano 2.00 X 0 0 0 Erik C Rocheford 2.00 X 0 0 0 Douglas Lyon 32.00 X 96511 0 19421 Thomas C Galligan Jr 40.00 X 236909 0 66098 Gregory Mathews 40.00 X 112096 0 21568 Elizabeth Cahill 40.00 X 116119 0 9784 Douglas Atkins 40.00 X 119035 0 20515 Deborah Taylor 40.00 X 128346 0 20399 809016 0 157785 5 0 1 0 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 8 342060 5621093 981 5963153 Tuition and Fees 611710 32635237 32635237 Auxiliary Enterprises 713940 11745950 11331518 414432 Other Student Revenue 611710 469711 469711 44850898 605451 605451 7478325 7191895 286430 286430 286430 51705932 44436466 414432 891881 16866462 16866462 418939 418939 12004176 9826836 1351101 826239 863373 578460 267646 17267 2073020 1388924 642636 41460 897764 601502 278307 17955 208034 208034 105744 105744 169472 169472 322345 264019 33181 25145 13224 13224 1973464 1322221 611774 39469 1763668 1181658 546737 35273 242009 179917 8534 53558 28056 3596 24460 672475 672475 1587045 1587045 141842 141842 Contract Services 5142110 3023173 2070365 48572 Other Student Services 1446583 726311 711286 8986 Miscellaneous 1085447 383014 702360 73 Consortium 722615 722615 Sports 236387 236387 352234 107850 208926 35458 49336488 39182686 9004347 1149455 1209159 242061 392663 3139811 3787635 2841020 118883 119484 705874 685795 975397 811889 64174038 23370926 37641179 40803112 19602840 23373367 4590831 4393506 250622 241380 69275083 76651425 1884378 2658364 1806205 1841522 13548949 16553949 4467306 6125962 1608400 6280328 4439457 29595566 31619254 X 12888927 15577997 8675193 8777978 18115397 20676196 39679517 45032171 69275083 76651425 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 Part II-B, Line 1i: Explanation of Other Lobbying Activities: 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. 19119125 2308041 2763840 1031618 23159388 24423808 905183 -5048034 1161832 19119125 0.11090 0.80840 0.08070 0 0 2122223 2122223 44808568 23370926 21437642 12081200 12081200 5162047 5162047 40803112 Interests in Split-Interest Agreements 4393506 F 4393506 U.S. Government Loan Advances 500257 Post-Retirement Benefits Liability 3016729 Annuity Obligations 922471 4439457 51705932 49336488 2369444 2549862 433348 2983210 5352654 37454497 2549862 17500 217137 2784499 34669998 169472 16866462 17035934 51705932 32101843 17500 471 17971 32083872 169472 17083144 17252616 49336488 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. 1 1 1 The nondiscrimination policy is published in the college catalogue, student handbook, and all recruiting documents. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Colby-Sawyer College receives Perkins loans and other government grant money. 1 1 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 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account. X X 0 1 X X X 0 0 0 0 0 0 0 0 0 Thomas C Galligan Jr 232699 0 0 0 4210 0 18616 0 47482 0 303007 0 0 0 Part I, Line 1a The college provides a housing allowance for Thomas Galligan, the president of the Organization, as it is required that he lives on campus as a part of his employment. Additionally, the College provides gross-up payments for moving expenses to cover the FICA and Medicare taxes for relocating employees. 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. 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 14005000 12662774 288859 1053367 2007 0 0 0 1 3250000 1650000 1600000 2010 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 X 46 46 College Policy X 23 College Policy X 1 1 College Policy 0 0 0 Form 990, Part VI, Section B, line 11 The secretary of the College places the completed 990 on the trustee file share drive on the College's computer network for the trustees to review. The audit committee, a permanent standing committee of the board of trustees, reviews the completed 990 and the College treasurer prepares a summary of the 990 that is reviewed with the entire board of trustees. Form 990, Part VI, Section B, line 12c All trustees submit a conflict of interest questionnaire annually. The questionnaires are reviewed by the secretary of the College and the College treasurer. Any conflicts would be referred to the audit committee, a permanent standing committee of the board of trustees, for review and any necessary action would be taken. Form 990, Part VI, Section B, line 15 Compensation at Colby-Sawyer is under the review of the human resources committee, a permanent standing committee of the board of trustees. All compensation is based on a formal compensation plan prepared for the College by Pricewaterhouse Coopers in 2008. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public through the Organization's webiste, upon request and through the employee handbook. Form 990, Part XI, Line 2c: Oversight of Audit 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.