2014-01-14T16:28:33-06:00 2013-05-31 990 2012-06-01 237223216 SARAH LAWRENCE COLLEGE % DAVID C KLEIN CONTROLLER SARA 9143952556 1 MEAD WAY Suite BRONXVILLE NY 10708 Vincent Massaro 2014-01-13 2012 2015-11-30 17:44:51Z KAREN LAWRENCE PRESIDENT 1 MEAD WAY BRONXVILLE NY 107085999 107104063 false X www.sarahlawrence.edu X 1926 NY SARAH LAWRENCE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OFFERING UNDERGRADUATE AND SELECT GRADUATE PROGRAMS ON ITS MAIN CAMPUS IN BRONXVILLE, NY AND FIVE UNDERGRADUATE OVERSEAS PROGRAMS. SEE SCH. O. 30 28 1766 28 0 -66505 10259827 19521998 83042706 87497051 3900 9961 75222 75053 93381655 107104063 25000600 27684315 0 0 43530275 45521241 0 0 4423794 30721851 30944958 99252726 104150514 -5871071 2953549 185368492 197770190 86447873 83400915 98920619 114369275 X SARAH LAWRENCE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE OFFERING UNDERGRADUATE AND SELECT GRADUATE PROGRAMS. SEE SCHEDULE O FOR MORE INFORMATION. false false 72164135 26437118 63504514 Undergraduate Programs: Educational costs including instruction, academic support, financial aid, library and allocated administrative and occupancy costs for a head count enrollment of 1263 students in Bronxville, New York and 128 students in five overseas programs in London, Oxford, Paris, Florence and Havana. 5392658 1199790 6427033 Graduate Programs: Educational costs and financial aid leading to masters degrees in selected graduate programs including Writing, Theatre, Women's History, Dance, Child Development, Art of Teaching, Human Genetics, and Health Advocacy; for a total headcount of 316 students. 10946630 14889654 Auxiliary Enterprises: Operational costs consisting of student housing (housing 1046 in Bronxville and 110 in overseas programs), food service and occupancy costs of College bookstore. 1549759 47407 2675850 90053182 true true false false false false false false false true true true false false true true true false true true true false false false false false false false true true true false false false false false false false false false false true false false false false true true true false false true 376 0 true 1766 true true true true FR IT UK false false false false false false false false X 30 28 false false false false false false false true true false false false true true true true true true true false NY X DAVID C KLEIN CONTROLLER 9143952556 1 MEAD WAY BRONXVILLE NY 107085999 CAMERON AFZAL as of 6112 1.0 X 81472 0 35800 CAROL CHRIST 1.0 X STEPHANIE COOPER 1.0 X JOAN CANNADY COUNTRYMAN 1.0 X DAVID DULL 1.0 X ELLEN SCHLOSS FLAMM 1.0 X VICKI FORD 1.0 X BETH-ANN FISCHER GENTILE 1.0 X MARK GOODMAN 1.0 X X WILLIAM GOETZMANN as of 6112 1.0 X CLARION JOHNSON 1.0 X JOHN LILLY as of 6112 1.0 X WENDY LIPP 1.0 X ERIN HARKNESS MCKINNON 1.0 X NANCY MILLER MONTGOMERY 1.0 X JAY PACK 1.0 X RONA CARR 1.0 X ZOE PECHTER 1.0 X PAULA RUDNICK 1.0 X SARAH Gray GUND 1.0 X DAVID NETTO as of 6112 1.0 X RACHEL ZEBROWSKI as of 6112 1.0 X JOHN HILL 1.0 X X Nancie Cooper 1.0 X X Myra Drucker 1.0 X X Karen Lawrence 40.0 X X 368207 0 147041 Laura Donnelley 1.0 X Tracey Riese 1.0 X Linda Pohs Supino 1.0 X JOANNA HEIMBOLD 1.0 X MARY BETH CAREY as of 7112 40.0 X 86914 0 12570 Thomas Blum 40.0 X 155961 0 45904 Julie Auster 40.0 X 138587 0 38507 Allen Green 40.0 X 138669 0 93011 Jerrilyn Dodds 40.0 X 206435 0 68518 Charles Rasberry 40.0 X 242237 0 52016 Joseph Giovannelli thru 73112 40.0 X 145022 0 34129 Gerald Schorin 40.0 X 139557 0 52464 Vincent Massaro as of 8112 40.0 X 77628 0 0 Sean Jameson 40.0 X 133880 0 43945 Ellen Reynolds 40.0 X 150563 0 16291 Myra Goldberg 40.0 X 125824 0 35357 Shirley Kaplan 40.0 X 139294 0 23089 Daniel Kaiser 40.0 X 130691 0 21926 2460941 0 720568 59 false true false Flora Horticultural PO box 654 BRONXVILLE NY 10708 Landscaping 555027 ABM Janitorial Services 551 Fifth Ave Suite 300 NEW YORK NY 10176 janitorial service 1085915 AVI Fresh 2950 Elm Road NE WARREN OH 44483 Food service 4635743 Ricoh USA inc PO Box 827577 PHILADELPHIA PA 19182 Office Contract Srvc 538907 BMS Construction Corp 58A New Hempstead Rd NEW CITY NY 10956 Construction Service 448469 33 489932 19032066 582273 19521998 UNDERGRADUATE TUITION AND FEES 611600 63504514 63504514 GRADUATE TUITION AND FEES 611600 6427033 6427033 AUXILIARY ENTERPRISES 611710 14889654 14889654 OTHER EDUCATION PROGRAMS 611600 2675850 2675850 87497051 9961 9961 0 0 70740 70740 0 70740 70740 0 0 0 0 STUDENT LOAN INTEREST 900099 4313 4313 4313 107104063 87497051 85014 0 27684315 27684315 0 0 2273617 699901 1266857 306859 0 31649728 26515099 2871810 2262819 2398956 1993915 235407 169634 6976332 5655688 861277 459367 2222608 1795466 263895 163247 0 122119 122119 63200 63200 0 0 116531 116531 1201041 634183 518536 48322 302431 302431 1561025 954732 409882 196411 727905 727905 0 4840055 4466887 316056 57112 597108 434553 33810 128745 0 124537 91215 23497 9825 3458930 3225275 198004 35651 0 4068623 3445571 615975 7077 507328 468213 33129 5986 FOREIGN PROGRAM COSTS 4884557 4884557 CONTRACTED FOOD SERVICE COSTS 3304849 3304849 RESTRICTED FUNDS EXPENSES 920154 704306 215848 BUILDING REPAIR & RENOVATION 1002995 925664 65496 11835 3141570 2168793 411873 560904 104150514 90053182 9673538 4423794 0 0 6970842 9518291 6501000 14872607 159647 230996 0 0 0 0 1014952 1067022 0 0 1323590 1770740 122536323 38091239 86228136 84445084 0 0 79782789 82191742 0 0 0 0 3387536 3673708 185368492 197770190 7142483 7319960 0 0 3626849 3419650 43500000 43500000 0 0 0 0 3165215 3088762 9800000 7500000 19213326 18572543 86447873 83400915 X 43123563 44330577 11344084 13025275 44452972 57013423 98920619 114369275 185368492 197770190 X 2953549 10458943 2036164 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66016091 5920539 10459314 1080349 5430773 116531 75768291 74591964 1685381 -4141977 1095784 4918030 102463 66019091 66803789 1810714 12483613 1208248 5196378 101526 74591964 58990582 2228330 9256316 1324769 2238290 108380 66803789 77938513 5956329 -20560959 1291832 2945936 105533 58990582 0.41300 0.58700 false false 5830155 5830155 106489417 33372480 73116937 9678106 4718759 4959347 538645 538645 84445084 FIXED INCOME FUNDS 5174098 F GLOBAL EQUITY FUNDS 41850330 F HEDGED EQUITY FUNDS 4530757 F RELATIVE VALUE&EVENT-DRIVEN FD 4593781 F REAL ASSETS FUNDS 7470180 F PRIVATE EQ.& VENTURE CAP FUNDS 15917309 F L-T SPLIT-INTEREST STRATEGIES 2655287 F 82191742 0 INTEREST RATE SWAP LIABILITY 7472572 ANNUITIES PAYABLE 2378293 US GOV'T GRANTS REFUNDABLE 1010905 POSTRETIREMENT HEALTH&LIFE INS 7342715 ASSET RETIREMENT OBLIGATION 368058 18572543 89111678 10458943 -650482 9808461 79303217 116531 27684315 27800846 107104063 74495754 -1853914 -1853914 76349668 116531 27684315 27800846 104150514 SUPPLEMENTAL INFORMATION PART V LINE 4 THE COLLEGE'S INTENDED USE OF THE ENDOWMENT FUNDS IS FOR ACADEMIC PROGRAMS, LIBRARY ACQUISITIONS, SCHOLARSHIPS AND FELLOWSHIPS, AND FACULTY SALARIES. PART XI LINE 2D CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS ($416,366), LOSS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST ($234,116) PART XI LINE 4B SCHOLARSHIPS AND FELLOWSHIPS $27,684,315 PART XII LINE 2D CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $1,853,914. PART XII LINE 4B SCHOLARSHIPS AND FELLOWSHIPS $27,684,315 SCHEDULE D, PART X, FIN 48 The College is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code. The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the College's exempt purpose is subject to tax under Internal Revenue Code Section 511. The College did not have any material unrelated business income tax liability for the year. true true true true true true true false false false false false false false false true false true Schedule E Part I Line 3 NON-DISCRIMINATORY POLICY NON-DISCRIMINATORY POLICY REGARDING STUDENT ADMISSIONS AND EMPLOYMENT POLICIES ARE ON THE COLLEGE'S PUBLIC WEBSITE AT WWW.SARAHLAWRENCE.EDU. NON-DISCRIMINATORY POLICIES ARE ALSO PRINTED IN STUDENTS ADMISSIONS APPLICATION, STUDENTS HANDBOOK, COLLEGE CATALOGUE, ETC. Schedule E Explanation for Line 6A FEDERAL CAMPUS-BASED STUDENT AID FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION. THE COLLEGE ALSO RECEIVES FUNDS FROM VARIOUS AGENCIES AS RESEARCH AND TRAINING GRANTS. true Europe (Including Iceland and Greenland) 3 4 Program Services UNDERGRAD EDUCATION 4857878 Central America and the Caribbean 2 Program Services UNDERGRAD EDUCATION 197039 3 6 3 6 5054917 5054917 true false false false false false Part I Line 3 Column F Amounts represent direct expenditures incurred on the accrual basis associated with the College's Study Abroad programs in England, France, Italy, and Cuba. true Scholarships & Fellowships to eligible students 1351 27684315 FMV cr. against tuition SUPPLEMENTAL INFORMATION PART I, LINE 2 A LIST OF RECIPIENTS OF SCHOLARSHIPS IS ON FILE AT THE COLLEGE. THE RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE COLLEGE'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS ESTABLISHED BY THE COLLEGE COMMITTEES THAT JUDGE THE APPLICANTS. THE COLLEGE HAS PROCEDURES THAT ARE DESIGNED TO ENSURE THAT INDIVIDUALS FROM THE COLLEGE QUALIFY TO RECEIVE PAYMENTS. THE COLLEGE'S FINANCIAL AID OFFICE ENSURES THAT GRANTS AND AWARDS ARE IN COMPLIANCE WITH PROCEDURES ESTABLISHED BY THE COLLEGE. X X X true true X X X false true false false false false false false false Karen Lawrence 350033 0 0 0 18174 0 60946 0 86095 0 515248 0 0 0 Thomas Blum 155961 0 0 0 0 0 15596 0 30308 0 201865 0 0 0 Julie Auster 138587 0 0 0 0 0 13859 0 24648 0 177094 0 0 0 Allen Green 138669 0 0 0 0 0 13867 0 79144 0 231680 0 0 0 Jerrilyn Dodds 206435 0 0 0 0 0 20144 0 48374 0 274953 0 0 0 Sean Jameson 133880 0 0 0 0 0 13388 0 30557 0 177825 0 0 0 Ellen Reynolds 150563 0 0 0 0 0 15056 0 1235 0 166854 0 0 0 Charles Rasberry 242237 0 0 0 0 0 24223 0 27792 0 294252 0 0 0 Joseph Giovannelli thru 73112 145022 0 0 0 0 0 13103 0 21026 0 179151 0 0 0 Gerald Schorin 139557 0 0 0 0 0 13956 0 38508 0 192021 0 0 0 Myra Goldberg 125824 0 0 0 0 0 11057 0 24300 0 161181 0 0 0 Shirley Kaplan 139294 0 0 0 0 0 13892 0 9197 0 162383 0 0 0 Daniel Kaiser 130691 0 0 0 0 0 13069 0 8856 0 152616 0 0 0 Part I Line 1a -----TRAVEL FOR COMPANIONS - THE COLLEGE PROVIDES, AS CONDITION OF EMPLOYMENT, EXPENDITURE FOR TRAVEL FOR THE PRESIDENT'S SPOUSE WHEN EXPECTED TO MAKE AN IMPORTANT CONTRIBUTION TO ACHIEVING THE PURPOSES OF THE TRAVEL OR EVENTS, WHILE ACCOMPANYING THE PRESIDENT IN PERFORMING HER OFFICIAL DUTIES IN THE AREAS OF DEVELOPMENT, TRUSTEE AND ALUMNI RELATIONS, AND OTHER BUSINESS OF THE COLLEGE. IN THOSE CASES, THE COLLEGE'S POLICY IS TO AUTHORIZE THE PAYMENT OF TRAVEL AND RELATED EXPENSES OF THE PRESIDENT'S SPOUSE, AND THE PAYMENT TOTALS ARE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. SUCH EXPENDITURES FOR SPOUSAL TRAVEL ARE INCLUDED IN TAXABLE COMPENSATION OF THE PRESIDENT. -----HOUSING ALLOWANCE FOR RESIDENCE OR PERSONAL USE - THE COLLEGE HOUSES THE PRESIDENT, (KAREN LAWRENCE), THE DEAN OF STUDIES AND DIVERSITY OFFICER, (ALLEN GREEN), THE DIRECTOR OF PUBLIC SAFETY, AND 4 STAFF FROM STUDENT AFFAIRS IN CAMPUS HOUSING. THE COLLEGE ALSO PROVIDES HOUSING CLOSE TO CAMPUS FOR THE DEAN OF STUDENT AFFAIRS AND THE DIRECTOR OF RESIDENTIAL LIFE. THIS HOUSING IS REQUIRED BY THE NATURE OF THEIR POSITIONS AND IS A CONDITION OF THEIR EMPLOYMENT. -----PERSONAL SERVICES - THE COLLEGE PROVIDES LIMITED PERSONAL SERVICE CONSISTING OF RESIDENCE HOUSEKEEPING FOR THE PRESIDENT. SCHEDULE J, PART I, LINE 4B -----PAYMENT FROM EQUITY-BASED COMPENSATION ARRANGEMENT- KAREN LAWRENCE, PRESIDENT, PARTICIPATED IN SECTION 457(f) PLAN WITH DEFERRED COMPENSATION OF $30,000 IN 2012. A City of Yonkers Industrial Development Agency 521294255 986083CA9 2009-12-01 44217481 CITY OF YONKERS IND. DEV AGENC false false false A 0 0 44217481 0 0 569901 0 0 0 5670179 37977301 0 2009 true false true true A false false false false 0 true A false true false false 0 false 0 false false A false Description of Purpose Bond Issue Schedule K Part I(F) THE CITY OF YONKERS INDUSTRIAL DEVLOPMENT BONDS WERE ISSUED TO CONVERT FROM VARIABLE TO FIXED RATE FOR BONDS ISSUES 5/27/04, 10/16/03, AND 6/5/01. X 39 582273 FAIR MARKET VALUE false true true PART I, LINE 32A THE COLLEGE SELLS DONATED SECURITIES THROUGH A THIRD PARTY BROKER. THE MISSION AND METHOD OF SARAH LAWRENCE EDUCATION FORM 990, PART I, LINE 1 and PART III, LINE 1 At Sarah Lawrence College, our mission is to graduate citizens of the world who are diverse in every definition of the word, who take intellectual and creative risks, and who are able to focus exceptional intellectual discipline within a framework of humanistic values and concern for community. Our unique educational practices, including unparalleled time with faculty, aim at preparing the whole student to solve problems in new ways, to cross disciplinary boundaries, and to think and act independently as they become protagonists on the world stage. OTHER PROGRAMS FORM 990, PART III, LINE 4D Other educational programs consisting of non-credit continuing education programs (with a headcount of 22 students), special non-credit courses for adults, (language, photography, swimming and fitness, etc.), writing institute classes, certificate courses, and early childhood programs. 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 The College's Controller's Office compiled financial information and prepared the 990. A draft was reviewed by Grant Thornton, an independent tax preparer. Acting for the full Board, a draft of the 990 was sent to each member of the Audit Committee and the Executive Committee of the Board to review. A meeting was held on December 19, 2013 to discuss/review. Minutes were taken at the meeting. A final public inspection copy of the 990 was placed on the College's password-protected trustee page for access by each Board member, with e-mail notification thereto, prior to filing. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C The Secretary of the College regularly and consistently monitors and enforces the conflict of interest policy. Annually, the Trustees are sent the College's conflict of interest policy by the Secretary of the College. Compliance is acknowledged by signature and return of the signed statement. At the same time, a disclosure statement is completed in order to disclose any potential conflict of interest with the College. The policy requires disclosure of all potential conflicts of interest to the Secretary, the Dean, or the CFO, as soon as possible after the Trustee learns of the conflict. All disclosed potential conflicts of interest are presented to the Board with the material facts for discussion and decision for approval. The Board sets forth its basis in the minutes of the meeting in which the decision was made. DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15a and 15b The Executive Committee, comprised of independent Trustees, meets annually to fix the compensation of the President, the faculty Trustee, and other officers who are not Trustees. The Vice President of Human Resources meets with the Executive Committee at the end of each academic year to present objective comparative information on all officers of the College. Data is collected from 2 sets of objective comparative peer groups. The President presents to the Committee the annual evaluation and salary recommendation for each officer for the following academic year. The Committee approves the new salaries. The Committee determines and approves the President's salary. The determination is documented in the contemporaneous meeting minutes. This process was last undertaken on June 24, 2013. AVAILABILITY OF DOCUMENTS, POLICY, AND FINANCIALS FORM 990, PART VI, SECTION C, LINE 19 The College's governing documents are available by request, the conflict of interest policy is on the College's public website, and the College's Financial Statements are made available by request. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 DECREASE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY $1,853,914; CHANGE IN FAIR VALUE OF SPLIT INTEREST AGREEMENTS $416,366; LOSS NOT RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST ($234,116). Related Organizations Schedule R Part II Line (1) and Part V Line (2) Sarah Lawrence College operates several educational programs outside the United States. The program in Oxford, England required the College to set up a separate legal entity. The entity is listed in Schedule R of Form 990, as required. The program and financial information contained in this Form 990 includes the activity of the Sarah Lawrence at Oxford program since the operations are conducted as a program of the College, and is not easily separable. Sarah Lawrence at Oxford Wadham College Oxford Endland UK OX1 3PN Education UK SLC true Charitable Remainder Trusts (18) N/A NA T false false true false false false false false false false false false false false true false false false Charitable Remainder Unitrust (c) 358192 FMV Sarah Lawrence at Oxford (o) 1117313 COST