2026-05-12T16:02:15+00:00 2025-06-30 135565207 KPMG LLP 200 East Randolph Drive Suite 5500 Chicago IL 606016436 990 2024-07-01 010215213 Bowdoin College BOWD 2077215078 5400 COLLEGE STATION BRUNSWICK ME 040118445 SAFA ZAKI PRESIDENT 2026-05-12 true TARA KENNEY P01245482 3126651000 2026-05-12 2024 2025-03-06 01:10:19Z SAFA ZAKI 5400 COLLEGE STATION BRUNSWICK ME 040118445 1035633000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE PART III, LINE 1 FOR DETAILED MISSION 40 39 3087 2171 7325000 0 48332000 83574000 154470000 165481000 165689000 199690000 1285000 824000 369776000 449569000 65651000 71645000 0 0 140221000 150708000 22000 28000 9805000 90573000 103455000 296467000 325836000 73309000 123733000 3234630000 3560577000 431934000 432077000 2802696000 3128500000 IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. THE FULL TEXT OF THE COLLEGE'S MISSION STATEMENT IS AVAILABLE ON THE ORGANIZATION'S WEBSITE AT HTTPS://WWW.BOWDOIN.EDU/ABOUT/MISSION/INDEX.HTML (ALL LOWER CASE). false false 266119000 71645000 166305000 DURING FISCAL YEAR 2025, BOWDOIN ENROLLED 1,858 FULL-TIME EQUIVALENT (FTE) STUDENTS, NOT INCLUDING 173 FTE STUDENTS WHO STUDIED OFF CAMPUS; 95% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 98% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2025, 43,978 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 35,896 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 266119000 true true false true false false false true true true true true false false true true true false true true true false true true false false false true true true true false true false false false false true false true false true true false false false true true true false false true X 605 0 true 3087 true true true true UK false false false false false false false false true true X 40 39 false false false false false false false true true false false false false true true true true true true true false false X X REBECCA COREY 2077215078 5400 COLLEGE STATION BRUNSWICK ME 040118445 DIANA L SPAGNUOLO VICE CHAIR 8.0 X X 0 0 0 SAFA ZAKI PRESIDENT 40.0 X X 936509 0 184357 SCOTT B PERPER CHAIR 8.0 X X 0 0 0 ALISON E RUNDLETT TRUSTEE 4.0 X 0 0 0 ANDREW E SERWER TRUSTEE 4.0 X 0 0 0 ANN HAMBELTON KENYON TRUSTEE 4.0 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.0 X 0 0 0 BERTRAND GARCIA-MORENO TRUSTEE 4.0 X 0 0 0 DAVID G BROWN TRUSTEE 4.0 X 0 0 0 ELLEN L P CHAN TRUSTEE 4.0 X 0 0 0 HOLLY E MALONEY TRUSTEE 4.0 X 0 0 0 JEFF D EMERSON TRUSTEE 4.0 X 0 0 0 JENNIFER GOLDSMITH ADAMS TRUSTEE 4.0 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.0 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.0 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.0 X 0 0 0 JOSEPH ADU TRUSTEE 4.0 X 0 0 0 JOSEPH V MCDEVITT JR TRUSTEE 4.0 X 0 0 0 JULIA L DAVIDSON TRUSTEE 4.0 X 0 0 0 KAREN N WALKER TRUSTEE 4.0 X 0 0 0 KATHRYN ROCHE HOPE TRUSTEE 4.0 X 0 0 0 KATIE R BENNER TRUSTEE 4.0 X 0 0 0 KAYLA D BAKER TRUSTEE 4.0 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.0 X 0 0 0 MICHEL BAMANI TRUSTEE 4.0 X 0 0 0 MITCHELL S ZUKLIE TRUSTEE 4.0 X 0 0 0 MOLLY H KING TRUSTEE 4.0 X 0 0 0 PAULA M WARDYNSKI TRUSTEE 4.0 X 0 0 0 PETER J BERNARD TRUSTEE 4.0 X 0 0 0 PHILIP W SCHILLER TRUSTEE 4.0 X 0 0 0 R STEWART STRAWBRIDGE TRUSTEE 4.0 X 0 0 0 ROBERT T FRIEDMAN TRUSTEE 4.0 X 0 0 0 RUSSELL C CRANDALL TRUSTEE 4.0 X 0 0 0 SHELLEY A HEARNE TRUSTEE 4.0 X 0 0 0 SYDNEY ASBURY TRUSTEE 4.0 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.0 X 0 0 0 TEJUS AJMERA TRUSTEE 4.0 X 0 0 0 TRACY R WOLSTENCROFT TRUSTEE 4.0 X 0 0 0 TYREE P JONES JR TRUSTEE 4.0 X 0 0 0 WILLIAM S ANDERSON TRUSTEE 4.0 X 0 0 0 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 40.0 X 526166 0 92215 BENJE DOUGLAS SVP FOR INCLUSION & DIVERSITY 40.0 X 300740 0 68778 CHRISTINA FINNERAN SVP/INSTITUTIONAL RESEARCH 40.0 X 221380 0 64360 CLAUDIA MARROQUIN SVP/DEAN ADMISSIONS & ST. AID 40.0 X 350304 0 62039 ELIZABETH ORLIC SVP/CHIEF OF STAFF 40.0 X 362900 0 81103 HEATHER KRAJEWSKI SVP FOR DEVELOPMENT & AR 40.0 X 391379 0 11548 JAMES HOPPE SVP/DEAN FOR STUDENT AFFAIRS 40.0 X 260376 0 2369 JANET LOHMANN SVP/DEAN FOR STUDENT AFFAIRS 40.0 X 437014 0 48928 JENNIFER SCANLON SVP/DEAN FOR ACADEMIC AFFAIRS 40.0 X 489716 0 81469 K NILES BRYANT SVP/CHIEF INVESTMENTS OFFICER 40.0 X 2075729 0 68090 MICHAEL CATO SVP/CHIEF INFORMATION OFFICER 40.0 X 454085 0 82378 SCOTT HOOD SVP FOR COMM & PUBLIC AFFAIRS 40.0 X 363766 0 64993 SCOTT MEIKLEJOHN SVP FOR DEVELOPMENT & AR 40.0 X 332140 0 101557 ASHLEY CONRAD ENDOWMENT CHIEF OP OFFICER 40.0 X 471451 0 72528 BORIS RAYKIN DIRECTOR OF INVESTMENTS 40.0 X 1054646 0 49510 BRUCE KOHORN FACULTY 40.0 X 352193 0 23918 PAGE MACHLIN DIRECTOR OF INVESTMENTS 40.0 X 1026872 0 48820 TAMA SPOERRI VP FOR HUMAN RESOURCES 40.0 X 347284 0 79947 ELIZABETH MCCORMACK FRMR SVP FOR ACADEMIC AFFAIRS 40.0 X 171430 0 51563 STEPHANIE FROST FRMR SVP FOR DEVELOPMENT & AR 40.0 X 333000 0 0 11259080 0 1340470 341 true true false JF SCOTT CONSTRUCTION 20 ROYAL STREET WINTHROP ME 04364 CONST. SERVICES 6364649 COLLABORATIVE SOLUTIONS LLC 300 FRANK W BURR BLVD TEANECK NJ 07666 SOFTWARE SERVICES 3548706 WRIGHT-RYAN CONSTRUCTION INC 10 DANFORTH STREET PORTLAND ME 04101 CONST. SERVICES 2423109 CIGNA PO BOX 644546 PITTSBURGH PA 15264 BENEFITS ADMIN FEES/PREMIUMS 1859575 GREAT FALLS CONSTRUCTION 20 MECHANIC STREET GORHAM ME 04038 CONST. SERVICES 1365705 76 0 0 0 0 4025000 79549000 1728000 83574000 TUITION AND FEES 611710 125735000 125735000 0 0 ROOM AND BOARD 611710 32699000 32699000 0 0 AUXILIARY ENTERPRISES 611710 4899000 4606000 293000 0 OFF-CAMPUS STUDY 611710 991000 991000 0 0 APPLICATION FEES 611710 173000 173000 0 0 984000 984000 0 0 165481000 17501000 0 5966000 11535000 0 0 0 0 0 0 0 0 38000 0 0 0 38000 0 38000 38000 0 0 768198000 55000 585685000 379000 182513000 -324000 182189000 0 1066000 181123000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 REUNION WEEKEND 611710 385000 385000 0 0 0 0 0 0 0 0 0 0 401000 401000 0 0 786000 449569000 166012000 7325000 192658000 756000 756000 70785000 70785000 104000 104000 0 0 9061000 3519000 4337000 1205000 204000 0 204000 0 105184000 85559000 14653000 4972000 10791000 8900000 1324000 567000 17507000 14881000 1740000 886000 7961000 6476000 1039000 446000 0 0 0 0 3477000 0 3477000 0 554000 0 554000 0 81800 0 81800 0 28000 28000 421000 0 421000 0 7512000 4745000 2276000 491000 135000 18000 117000 0 6576000 5154000 923000 499000 8095000 5457000 2638000 0 0 0 0 0 9238000 7477000 1726000 35000 5683000 4849000 497000 337000 0 0 0 0 1177000 792000 101000 284000 14223000 13085000 1138000 0 0 0 0 0 20278000 17034000 3244000 0 1217000 1035000 182000 0 PROVISION FOR EXCISE TAXES 6667000 0 6667000 0 PURCHASES FOR RESALE 5407000 5407000 0 0 LIBRARY MATERIALS 3818000 3818000 0 0 FACILITIES, MAINT, REP 3413000 3242000 171000 0 5482200 3026000 2401200 55000 325836000 266119000 49912000 9805000 0 0 75957000 80961000 47208000 39166000 2114000 1605000 0 0 0 0 606000 404000 1652000 1671000 6048000 8863000 679867000 265901000 392836000 413966000 83993000 108921000 2595912000 2879479000 0 0 0 28304000 25541000 3234630000 3560577000 26096000 31722000 124000 0 782000 664000 83682000 82746000 29000 29000 0 0 9458000 3900000 0 0 311763000 313016000 431934000 432077000 X 343950000 368595000 2458746000 2759905000 0 0 0 0 0 0 2802696000 3128500000 3234630000 3560577000 X 123733000 202464000 0 0 0 -393000 X false true true true true X 38857000 49006000 59085000 48332000 83574000 278854000 0 0 0 0 0 0 0 0 0 0 0 0 38857000 49006000 59085000 48332000 83574000 278854000 4267721 274586279 13266000 6721000 13648000 13286000 11573000 58494000 1082000 6584000 0 3625000 5810000 17101000 0 43000 0 40000 0 83000 354532000 727310000 0.77450 0.75956 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 X 0 0 0 0 0 0 Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING RECEIPTS, COLUMN A - 0.0, COLUMN B - 43000.0, COLUMN C - 0.0, COLUMN D - 40000.0, COLUMN E - 0.0, COLUMN F - 83000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 19000 false true 62800 81800 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE ORGANIZATION MET WITH CONGRESSIONAL LEADERS IN WASHINGTON, D.C. REGARDING COMPONENTS OF THE ONE BIG BEAUTIFUL BILL ACT. THE ORGANIZATION PAID FOR GOVERNMENT RELATIONS AND CONSULTING SERVICES IN WASHINGTON, D.C. THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X false false true X 2583406000 79527000 388732000 56427000 68814000 14702000 2911722000 2422201000 25174000 259519000 50335194 64460806 8692000 2583406000 2472818000 39479000 13066000 42432000 50468000 10262000 2422201000 2718438000 33193000 -189622000 37956000 44283000 6952000 2472818000 1780970000 21252000 1004524000 35295000 42401000 10612000 2718438000 0.0807 0.9193 0.0 false false 7994000 7994000 540491000 203655000 336836000 6048000 3355000 2693000 53691000 41538000 12153000 71643000 17353000 54290000 413966000 Closely-held equity interests Financial derivatives FIXED INCOME 13071000 F EQUITIES 532543000 F ABSOLUTE RETURN 950132000 F ALTERNATIVE INVESTMENTS 1383733000 F 2879479000 Federal Income Taxes LIABILITY: POST-RETIREMENT BENEFITS 18642000 ASSET RETIREMENT OBLIGATION 1569000 LIABILITY FOR PV OF LIFE INCOME 12442000 FAIR VALUE OF INTEREST RATE SWAP 2259000 DEFERRED TAX LIABILITY 9000000 EXCISE TAX LIABILITY 3623000 TAXABLE BOND LIABILITIES 256017000 OPERATING/FINANCING LEASE LIAB 9464000 313016000 X 635043000 202464000 0 0 -393000 202071000 432972000 15191000 1406000 16597000 449569000 309239000 0 0 0 0 0 309239000 15191000 1406000 16597000 325836000 Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. Schedule D, Part III, Line 4 Collections of art - description of collections COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. Schedule D, Part IV, Line 2b Explanation of escrow agreement THE COLLEGE HOLDS $29,000 OF SECURITY DEPOSITS ON ITS RENTAL PROPERTIES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES FOR FUTURE GENERATIONS OF BOWDOIN STUDENTS. THE TOP FOUR USES OF THE ENDOWMENT FOR FY 2025 WERE AS FOLLOWS: FINANCIAL AID 46.5%; FACULTY COMPENSATION, ACADEMIC PROGRAMS AND RESEARCH 24.1%; GENERAL OPERATIONS 17.9%; LIBRARY AND MUSEUM PROGRAM SUPPORT 6.4%. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 NET UNREALIZED LOSS ON INTEREST RATE SWAP - -194000 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST - -1016000 NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS - 939000 GAIN ON ASSET RETIREMENT OBLIGATION - 2000 UNCOLLECTIBLE PLEDGES - -124000 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements DEFERRED & EXCISE TAX LIABILITIES - 1406000 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements DEFERRED & EXCISE TAX LIABILITIES - 1406000 true true false true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE ORGANIZATION MEETS THE CRITERIA ESTABLISHED IN SECTION 4.0 REVENUE PROCEDURE 75-50. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. IT SATISFIES THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IT ALSO REFERENCES ITS RACIALLY NONDISCRIMINATORY POLICY IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND COLLEGE WORK STUDY PROGRAMS. true Central America and the Caribbean Grantmaking 51000 East Asia and the Pacific Grantmaking 16000 Europe (Including Iceland and Greenland) Grantmaking 23000 Middle East and North Africa Grantmaking 13000 North America (Canada & Mexico only) Grantmaking 1000 Central America and the Caribbean Investments 1160629000 Europe (Including Iceland and Greenland) Investments 72658000 North America (Canada & Mexico only) Investments 2000 Sub-Saharan Africa Investments 54081000 Europe (Including Iceland and Greenland) Fundraising 7000 Central America and the Caribbean Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 2000 East Asia and the Pacific Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 34000 Europe (Including Iceland and Greenland) Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 156000 Middle East and North Africa Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 4000 North America (Canada & Mexico only) Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 67000 South America Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 26000 South Asia Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 3000 Sub-Saharan Africa Program Services PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. 5000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 7000 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 4000 North America (Canada & Mexico only) Program Services STUDENT RECRUITMENT 5000 South America Program Services STUDENT RECRUITMENT 2000 North America (Canada & Mexico only) 1 11 Program Services SCIENTIFIC STATION 258000 0 0 1 11 1 11 1287770000 284000 1288054000 FINANCIAL AID Central America and the Caribbean 1 51000 WIRE TRANSFER 0 FINANCIAL AID East Asia and the Pacific 2 16000 WIRE TRANSFER 0 FINANCIAL AID Europe (Including Iceland and Greenland) 8 23000 WIRE TRANSFER 0 FINANCIAL AID Middle East and North Africa 1 13000 WIRE TRANSFER 0 FINANCIAL AID North America (Canada & Mexico only) 1 1000 WIRE TRANSFER 0 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED DETERMINED THROUGH ANALYSIS OF A FAMILY'S INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARD'S CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILY'S FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual X X X X X X true RONALD A JOYCE FUNDRAISING CONSULTANT false 0 28000 -28000 0 28000 -28000 true TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 GOV'T 606230 0 CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(C)(3) 30000 0 CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 GOV'T 21900 0 CONTRIBUTION TEDFORD HOUSING PO BOX 958 BRUNSWICK ME 04011 010422035 501(C)(3) 20000 0 CONTRIBUTION UNITED WAY OF MID COAST MAINE 34 WING FARM PARKWAY BATH ME 04530 016004866 501(C)(3) 7500 0 CONTRIBUTION 5 0 FINANCIAL AID FOR UNDERGRAD ST. 1081 66889000 0 STUDENT RESEARCH FELLOWSHIPS 898 3226000 0 GRAD. STUDENT AID & POST GRAD. AWARDS 111 407000 0 ACADEMIC & OTHER STUDENT AWARDS 394 263000 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASED DETERMINED THROUGH ANALYSIS OF A FAMILY'S INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARD'S CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILY'S FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X true true X X X X true false false false false false false true false SAFA ZAKI PRESIDENT 911252 0 0 0 25257 0 99977 0 84380 0 1120866 0 0 0 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 423252 0 100000 0 2914 0 51102 0 41113 0 618381 0 79167 0 STEPHANIE FROST FRMR SVP FOR DEVELOPMENT & AR 0 0 0 0 333000 0 0 0 0 0 333000 0 333000 0 ELIZABETH MCCORMACK FRMR SVP FOR ACADEMIC AFFAIRS 168579 0 0 0 2851 0 25838 0 25725 0 222993 0 0 0 K NILES BRYANT SVP/CHIEF INVESTMENTS OFFICER 872801 0 1200000 0 2928 0 48927 0 19163 0 2143819 0 0 0 JENNIFER SCANLON SVP/DEAN FOR ACADEMIC AFFAIRS 382012 0 100000 0 7704 0 50976 0 30493 0 571185 0 79167 0 MICHAEL CATO SVP/CHIEF INFORMATION OFFICER 350633 0 100000 0 3452 0 50881 0 31497 0 536463 0 79167 0 JANET LOHMANN SVP/DEAN FOR STUDENT AFFAIRS 182840 0 100000 0 154174 0 41196 0 7732 0 485942 0 79167 0 ELIZABETH ORLIC SVP/CHIEF OF STAFF 259830 0 100000 0 3070 0 50619 0 30484 0 444003 0 59375 0 SCOTT MEIKLEJOHN SVP FOR DEVELOPMENT & AR 157350 0 0 0 174790 0 100328 0 1229 0 433697 0 150000 0 SCOTT HOOD SVP FOR COMM & PUBLIC AFFAIRS 283368 0 75000 0 5398 0 50691 0 14302 0 428759 0 59375 0 CLAUDIA MARROQUIN SVP/DEAN ADMISSIONS & ST. AID 273852 0 75000 0 1452 0 43930 0 18109 0 412343 0 59375 0 HEATHER KRAJEWSKI SVP FOR DEVELOPMENT & AR 171939 0 0 0 219440 0 0 0 11548 0 402927 0 0 0 BENJE DOUGLAS SVP FOR INCLUSION & DIVERSITY 249308 0 50000 0 1432 0 39667 0 29111 0 369518 0 19792 0 CHRISTINA FINNERAN SVP/INSTITUTIONAL RESEARCH 170212 0 50000 0 1168 0 33206 0 31154 0 285740 0 39583 0 JAMES HOPPE SVP/DEAN FOR STUDENT AFFAIRS 132536 0 0 0 127840 0 0 0 2369 0 262745 0 0 0 BORIS RAYKIN DIRECTOR OF INVESTMENTS 545109 0 507377 0 2160 0 45399 0 4111 0 1104156 0 0 0 PAGE MACHLIN DIRECTOR OF INVESTMENTS 536250 0 489038 0 1584 0 45399 0 3421 0 1075692 0 0 0 ASHLEY CONRAD ENDOWMENT CHIEF OP OFFICER 279638 0 190725 0 1088 0 44882 0 27646 0 543979 0 0 0 TAMA SPOERRI VP FOR HUMAN RESOURCES 267549 0 75000 0 4735 0 50641 0 29306 0 427231 0 37500 0 BRUCE KOHORN FACULTY 106280 0 0 0 245913 0 17590 0 6328 0 376111 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments AN OFFICER AND TWO KEY EMPLOYEES RECEIVED A GROSS-UP PAYMENT ON TAXABLE MOVING EXPENSES. ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED A GROSS-UP PAYMENT ON A TAXABLE LENGTH OF SERVICE AWARD. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR THE PRESIDENT. TWO KEY EMPLOYEES AND ONE FORMER KEY EMPLOYEE RECEIVED A TAXABLE HOUSING BENEFIT. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF AN OFFICER. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB WAS USED TO CONDUCT COLLEGE BUSINESS ONLY. Schedule J, Part I, Line 4a Severance or change-of-control payment TWO KEY EMPLOYEES RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNTS OF $150,000 AND $73,333. A FORMER KEY EMPLOYEE RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $315,000. A HIGHEST COMPENSATED EMPLOYEE RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT OF $243,694. AN OFFICER HAS AN EMPLOYMENT AGREEMENT WITH A CONDITIONAL SEVERANCE CLAUSE. Schedule J, Part I, Line 7 Non-fixed payments THREE HIGHEST COMPENSATED EMPLOYEES RECEIVED A BONUS WHICH WAS DETERMINED AT THE DISCRETION OF A KEY EMPLOYEE. A MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 010314384 NONEAVAIL 2017-04-03 20700000 REISSUE-2008 BOND false false false B MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 010314384 56042RPK2 2017-12-28 35978713 ADVANCE REFUNDING false false false C MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 010314384 56042RSC7 2018-11-29 32389091 CONSTRUCTION false false false A 20700000 20700000 2017 true false true true B 35978713 409145 35569568 2017 false true true true C 2650000 33121980 386973 32735007 2021 false false true true A false true false false false false 0.0 0.0 0.0 false false 0 false true B false true false false false false 0.0003 0.0 0.0003 false false 0 false true C false false false false false false 0.0 0.0 0.0 false false 0 false true A false false false true true false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true A true B true C true Schedule K, Part I, Column (f) BOND A THE ISSUE IS A DIRECT PLACEMENT REMARKETING OF THE SERIES 2008 ISSUED 03/24/2008. Schedule K, Part I, Column (f) BOND B PARTIALLY ADVANCE REFUND 2009A ISSUED 05/14/2009. Schedule K, Part I, Column (f) BOND C FINANCE CONSTRUCTION, RENOVATION AND EQUIPPING OF FACILITIES, OWNED OR TO BE OWNED BY THE INSTITUTION AND LOCATED ON ITS CAMPUS IN BRUNSWICK, MAINE, INCLUDING SEVERAL UPPER-CLASS HOUSING BUILDINGS AND A NEW ACADEMIC BUILDING CONTAINING LARGE FLEXIBLE CLASSROOMS, A CINEMA, AND AN EVENT SPACE. Schedule K, Part II, Line 3 COLUMN C THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS AND THE ISSUE PRICE IS DUE TO INTEREST EARNINGS ON PROJECT FUNDS IN THE AMOUNT OF $732,889. Schedule K, Part II, Line 11 COLUMN A, B THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW. Schedule K, Part III, Line 4 COLUMN A THE EQUITY CONTRIBUTION TO THE PROJECT IS GREATER THAN THE THIRD PARTY USE OF THE SPACE SO THERE IS NO PRIVATE BUSINESS USE. Schedule K, Part IV, Line 2c COLUMN A Issuer name: MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 05/03/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 11/29/2021 Schedule K, Part IV, Line 2c COLUMN C Issuer name: MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 12/28/2021 NA N/A 12000 SCHOLARSHIP BENEFIT SPOUSE OF KEY EMPLOYEE KEY EMP: S. HOOD 195000 COMPENSATION false 2134 0 Other - SEE PART II 110 1728000 Other - SEE PART II 12 false true false Schedule M, Part I, Line 9 PUBLICLY TRADED SECURITIES 109 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 1 PLANNED GIFT WAS VALUED AT NET PRESENT VALUE. Schedule M, Part I, Line 33 WORKS OF ART THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS CONTRIBUTED. Securities - Publicly traded - THE ORGANIZATION IS REPORTING EACH SEPARATE SECURITY GIFT AS A CONTRIBUTION. Form 990, Part VI, Line 11b Review of form 990 by governing body IN APRIL, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE PRESIDENT AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER FOR THOROUGH REVIEW IN ADVANCE OF REGULARLY SCHEDULED BOARD OF TRUSTEES MEETINGS AND FILING WITH THE INTERNAL REVENUE SERVICE (IRS) IN MAY. SUBSEQUENT TO THIS REVIEW, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT, RISK, AND REPUTATION COMMITTEE. ALL OTHER TRUSTEES ARE PROVIDED A PUBLIC DISCLOSURE COPY OF FORM 990 FOR REVIEW. THE SCHEDULE B AS FILED WITH THE IRS IS AVAILABLE TO ALL TRUSTEES, UPON REQUEST ONLY, AT THE BOARD OF TRUSTEES MEETINGS IN MAY. THE FORM 990 IS FILED WITH THE IRS AFTER THE TRUSTEES REVIEW AND APPROVE THE FORM AT THESE MEETINGS. Form 990, Part VI, Line 12c Conflict of interest policy THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. SURVEYS ARE REVIEWED BY THE COLLEGE'S SENIOR VICE PRESIDENT AND GENERAL COUNSEL. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT, RISK, AND REPUTATION COMMITTEE AND TO THE BOARD OF TRUSTEES. THE COLLEGE'S SENIOR VICE PRESIDENT AND GENERAL COUNSEL MANAGES ALL CONFLICTS BY APPROPRIATE MEANS, INCLUDING BUT NOT LIMITED TO, BY REQUIRING BOARD MEMBERS TO RECUSE THEMSELVES FROM VOTING. Form 990, Part VI, Line 15a Process to establish compensation of top management official IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT HTTPS://WWW.BOWDOIN.EDU/FINANCE/FINANCIAL-DOCUMENTS/INDEX.HTML (ALL LOWER CASE). Form 990, Part VIII, Line 2f Other Program Service Revenue ALL OTHER PROGRAM SERVICE REVENUE - Total Revenue: 984000, Related or Exempt Function Revenue: 984000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 401000, Related or Exempt Function Revenue: 401000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances NET UNREALIZED LOSS ON INTEREST RATE SWAP - -194000; POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST - -1016000; NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS - 939000; GAIN ON ASSET RETIREMENT OBLIGATION - 2000; UNCOLLECTIBLE PLEDGES - -124000; Total - -393000; TIGER PARTNERS 565 FIFTH AVENUE 19TH FL NEW YORK NY 10017 550648835 INVESTING NY Excluded 1 40660 false true VERSO ALPHA DRIVEN RETURNS LP 655 MONTGOMERY ST SUITE 840 SAN FRANCISCO CA 94111 874310965 INVESTING CA Excluded 26920313 false false BEACONLIGHT OPPORTUNITIES FUND I LP 9 WEST 57TH STREET 27TH FLOOR NEW YORK NY 10019 934096017 INVESTING NY Excluded 11381 4943134 false false POOLED INCOME FUNDS (3) 5400 COLLEGE STATION BRUNSWICK ME 04011 INVESTING ME BOWDOIN Trust true CHARITABLE REMAINDER TRUSTS (16) 5400 COLLEGE STATION BRUNSWICK ME 04011 INVESTING ME BOWDOIN Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND C S 93907 FMV CHARITABLE REMAINDER TRUST S 117442 FMV Schedule R, Part IV (c) Legal domicile POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED: THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 16 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 10 ARE DOMICILED IN MAINE, 1 IN CALIFORNIA, 1 IN CONNECTICUT, 1 IN ILLINOIS, 1 IN NEW JERSEY, 1 IN NEW YORK AND 1 IN NORTH CAROLINA.