2024-05-15T07:50:20-05:00 2023-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2022-07-01 042103578 THE TRUSTEES OF MOUNT HOLYOKE COLLEGE TRUS 4135383674 50 COLLEGE STREET SOUTH HADLEY MA 01075 CARL M RIES VP FIN & ADMIN, TREAS 4135382641 2024-05-13 1 CARL RIES 999009999 1 SHYAMALEE JOSEPH P01085371 6179881000 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MOUNT HOLYOKE COLLEGE DANIELLE R HOLLEY 50 COLLEGE STREET SOUTH HADLEY MA 01075 329809184 0 X WWW.MTHOLYOKE.EDU X 1836 MA THE MISSION OF MOUNT HOLYOKE COLLEGE IS TO PROVIDE AN INTELLECTUALLY ADVENTUROUS EDUCATION IN THE LIBERAL ARTS AND SCIENCES THROUGH ACADEMIC PROGRAMS RECOGNIZED INTERNATIONALLY FOR THEIR EXCELLENCE AND RANGE; TO DRAW STUDENTS FROM ALL BACKGROUNDS INTO AN EXCEPTIONALLY DIVERSE AND INCLUSIVE LEARNING COMMUNITY WITH HIGHLY ACCOMPLISHED, COMMITTED, AND RESPONSIVE FACULTY AND STAFF; TO CONTINUE BUILDING ON THE COLLEGE'S HISTORIC LEGACY OF LEADERSHIP IN THE EDUCATION OF WOMEN; AND TO PREPARE STUDENTS, THROUGH A LIBERAL EDUCATION INTEGRATING CURRICULUM AND CAREERS, FOR LIVES OF THOUGHTFUL, EFFECTIVE, AND PURPOSEFUL ENGAGEMENT IN THE WORLD. 30 29 2951 818 -1197019 0 49095962 27553928 158881407 161061284 -1460953 88048476 9439463 7253061 215955879 283916749 67498176 67815874 0 0 95038860 101128851 0 0 7433291 61374562 66326482 223911598 235271207 -7955719 48645542 1335059510 1439685614 213426426 276198062 1121633084 1163487552 X SEE SCHEDULE O 0 0 154417897 67815874 132981644 SEE SCHEDULE O 32097616 0 17541337 SEE SCHEDULE O 12619402 0 17136800 SEE SCHEDULE O 199134915 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 3096 0 1 2951 1 1 1 1 FR 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA X X SUSAN O'NEILL 4135382641 50 COLLEGE STREET SOUTH HADLEY MA 01075 BEVERLY DANIEL TATUM PRESIDENT 66.00 1.00 X X 278709 0 24297 KIRA BANKS TRUSTEE 2.50 0.10 X 0 0 0 ASHANTA EVANS BLACKWELL TRUSTEE 2.50 0.10 X 0 0 0 KATHERINE E COLLINS VICE CHAIR 4.50 0.10 X 0 0 0 ROBERTA CORDANO TRUSTEE 2.50 0.10 X 0 0 0 SALLY DURDAN TRUSTEE 4.50 0.10 X 0 0 0 ADAM FALK TRUSTEE 2.50 0.10 X 0 0 0 CARRIANNA K FIELD TRUSTEE 4.50 0.10 X 0 0 0 ELLEN J FLANNERY TRUSTEE 4.50 0.20 X 0 0 0 MARY HUGHES TRUSTEE 4.50 0.10 X 0 0 0 RHYNETTE NORTHCROSS HURD VICE CHAIR 4.50 0.10 X 0 0 0 FARAH KHAN TRUSTEE 4.50 0.10 X 0 0 0 MONICA LANDRY TRUSTEE 4.50 0.10 X 0 0 0 JOUD MAR'I TRUSTEE 2.50 0.10 X 0 0 0 KC MAURER TRUSTEE 4.50 0.10 X 0 0 0 ANNE MCKENNY TRUSTEE 4.50 0.10 X 0 0 0 AVICE MEEHAN TRUSTEE 2.50 2.10 X 0 0 0 LOURDES MELGAR TRUSTEE 2.50 0.10 X 0 0 0 NATASHA MOHANTY TRUSTEE 2.50 0.10 X 0 0 0 HALLIE NATH TRUSTEE 4.50 0.10 X 0 0 0 ELLEN HYDE PACE TRUSTEE 2.50 10.10 X 0 0 0 RAJ SESHADRI TRUSTEE 2.50 0.10 X 0 0 0 SHELLEY WEINER SHEINKOPF TRUSTEE 2.50 0.10 X 0 0 0 KARENA STRELLA CHAIR 9.00 0.10 X 0 0 0 MONA SUTPHEN TRUSTEE 2.50 0.10 X 0 0 0 MICHELLE TOH TRUSTEE 2.50 0.10 X 0 0 0 LOUISE WASSO TRUSTEE 4.50 0.10 X 0 0 0 ELIZABETH WEATHERMAN TRUSTEE 7.00 0.10 X 0 0 0 SARAH WELLS TRUSTEE 2.50 0.10 X 0 0 0 SHIRLEY WILCHER TRUSTEE 2.50 0.10 X 0 0 0 KASSANDRA JOLLEY VP FOR COLLEGE RELATIONS 55.00 0.00 X 354181 0 55637 KIJUA SANDERS-MCMURTRY VP FOR EQUITY & INCLUSION & CDO 55.00 0.00 X 256711 0 37975 MARCELLA RUNELL HALL VP FOR STUD LIFE & DEAN OF STUDTS 55.00 0.00 X 215451 0 64100 ROBIN RANDALL VP FOR ENROLLMENT MANAGEMENT 55.00 0.00 X 225713 0 44485 PATRICIA GALLAGHER TREASURER 55.00 1.00 X 191856 0 59733 BETT SCHUMACHER SECRETARY OF THE COLLEGE 55.00 1.00 X 204489 0 43469 AMBER DOUGLAS VP FOR STUD SUCC & DEAN OF THE COLL 55.00 0.00 X 186387 0 23054 LISA SULLIVAN PROVOST & DEAN OF FACULTY 55.00 0.00 X 170271 0 28631 MARY JO MAYDEW VP FOR FINANCE AND ADMINISTRATION 55.00 0.00 X 52500 0 5586 ANA YANKOVA CHIEF INVESTMENT OFFICER 50.00 0.00 X 498849 0 58997 KEITH MICHEL ASSOCIATE VP FOR DEVELOPMENT 50.00 0.00 X 225789 0 48035 ALEXANDER WIRTH-CAUCHON CIO & EXEC DIR-LIB INFO & TECH SVCS 55.00 0.00 X 214380 0 47682 THOMAS COTE ASSOCIATE DIRECTOR OF INVESTMENTS 50.00 0.00 X 203699 0 45525 PENNLOPE DAVIS ASSOCIATE VP FOR HR 50.00 0.00 X 186145 0 42686 CARMEN YULIN CRUZ SOTO DISTINGUISHED FELLOW LEADERSHIP 50.00 0.00 X 180601 0 26325 SONYA STEPHENS FMR PRESIDENT 0.00 0.00 X 798177 0 68982 SHANNON GUREK FMR VP FOR FIN & ADMIN & TREAS 0.00 0.00 X 312900 0 49047 DOROTHY E KNIGHT-MOSBY FMR VP ACAD AFF & DEAN OF FACULTY 0.00 0.00 X 266276 0 31789 LENORE REILLY FMR SECRETARY OF THE COLLEGE 0.00 0.00 X 129624 0 24015 5152708 0 830050 150 1 1 0 CAMPUSWORKS INC PO BOX 735111 CHICAGO IL 60673 EDUCATIONAL CONSULTING 798260 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02110 INVESTMENT CONSULTING 781750 SALAS O'BRIEN NORTH LLC 2720 ARBOR COURT EAU CLAIRE WI 54701 ENGINEERING CONSULTING 582398 SERVPRO OF THE SEACOAST 74 INDUSTRIAL PARK DOVER NH 03820 WATER RESTORATION SERVICES 444104 SILCHESTER INTERNATIONAL INVESTORS 780 THIRD AVENUE FLOOR 42 NEW YORK NY 10017 INVESTMENT MANAGEMENT 412067 35 5104269 22449659 1458830 27553928 TUITION AND FEES 611310 126448482 126448482 ROOM AND OTHER BOARD 611310 34594204 34594204 EDUCATIONAL PERFORMANCES 611310 18598 18598 161061284 2753178 -2195388 4948566 665909 450933 214976 214976 214976 129740127 832410 45277239 0 84462888 832410 85295298 558781 84736517 248196 164263 83933 83933 STUDENT HEALTH INSURANCE FEES 900009 2814154 2814154 EDUCATIONAL CONFERENCES 721000 1727611 1311848 415763 FIVE COLLEGE REIMBURSEMENTS 611710 480766 480766 1931621 1907796 23825 6954152 283916749 167659781 -1197019 89900059 65707 65707 56421751 56421751 11328416 11328416 3335673 1182473 1743312 409888 102532 102532 72172475 62293354 6882744 2996377 7655452 6608952 728799 317701 12691670 10956719 1208247 526704 5171049 4464166 492284 214599 1329464 297228 905429 126807 441524 84240 357284 265300 265300 7031173 7031173 6688761 3719702 2736502 232557 113624 91981 20918 725 5326960 3659621 1487469 179870 1485249 712571 765980 6698 3308 2070 1238 4583959 4185250 212523 186186 1474279 1098077 284795 91407 302783 238834 56400 7549 5233942 5044665 74291 114986 430741 259037 171572 132 11578510 11165010 162298 251202 4878504 3390742 1454321 33441 EQUIP REPAIRS & MAINTEN 5235004 4899026 307650 28328 LIBRARY MATERIALS 1986325 1986325 ALUMNAE ASSOCIATION SUP 1597393 1597393 ALLOCATED EXPENSES 0 231375 -231375 6339679 4645091 1583847 110741 235271207 199134915 28703001 7433291 0 0 47967399 108050885 24499653 24871973 1715519 1940499 0 0 0 0 238824 238824 888131 821516 2713343 2213351 498429236 275509927 218965148 222919309 89179582 93968240 938141950 975464896 9044594 8125547 0 0 1705367 1070574 1335059510 1439685614 11767074 14258380 0 0 2529834 2485600 57897731 91844242 0 0 0 0 35323353 64792278 66849480 66855054 39058954 35962508 213426426 276198062 X 227930652 242840648 893702432 920646904 1121633084 1163487552 1335059510 1439685614 X 48645542 -8652235 1861161 X 0 1 X 1 1 1 X 24513999 21777455 54224304 49095962 27553928 177165648 24513999 21777455 54224304 49095962 27553928 177165648 22110904 155054744 11236968 6117940 7730355 1501622 5614475 32201360 630863 630863 398911 281803 64497 369128 248196 1362535 211360406 739903515 0.73360 0.67340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2018 AMOUNT: $ 398,911. 2019 AMOUNT: $ 281,803. 2020 AMOUNT: $ 64,497. 2021 AMOUNT: $ 369,128. 2022 AMOUNT: $ 248,196. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5000 5000 0 PART II-B, LINE 1: THE COLLEGE PAYS MEMBERSHIP DUES TO ORGANIZATIONS THAT ADDRESS STATE AND FEDERAL REGULATORY ISSUES FOR THE COLLECTIVE BENEFIT OF MEMBER-INSTITUTIONS. THE ORGANIZATIONS NOTIFY THE COLLEGE OF THE APPROXIMATE AMOUNT OF MEMBERSHIP DUES USED FOR LOBBYING EXPENSE. 310000 17620175 X X X X 0 1002548528 10418475 76432150 15098870 27516146 10569257 1036214880 1068049889 34225385 -52965020 14843935 22512389 9405402 1002548528 789036745 26392885 298800850 13552026 22976363 9652202 1068049889 794203693 4962890 33997924 12411741 23641557 8074464 789036745 777739103 8507067 49907925 12262691 22959616 6728095 794203693 0.17000 0.35000 0.48000 0 0 31742611 31742611 198027810 85543763 112484047 147867501 78232101 69635400 54066575 51715510 2351065 66724739 60018553 6706186 222919309 FIXED MUTUAL/COMMINGLED FUNDS 17645556 F EQUITY MUTUAL/COMINGLED FUNDS 425161735 F HEDGE FUNDS 228215848 F PRIVATE EQUITY-REAL ASSETS 52857619 F VENTURE CAPITAL 228515024 F PRIVATE EQUITY-OTHER 19965526 F OTHER 3103588 F 975464896 INTEREST RATE SWAP LIABILITY 1247766 FAS 158 PENSION LIABILITY 2393715 FIN 47 CONDITIONAL ASSET RETIREMENT 13952647 457(B) PENSION LIABILITY 397270 REFUNDABLE GOVERNMENT ADVANCES 1176898 SPLIT INTEREST OBLIGATION 16794212 35962508 X 269275937 -8652235 -6567343 -15219578 284495515 -578766 -578766 283916749 227451620 2831529 2831529 224620091 10651116 10651116 235271207 PART III, LINE 4: ART MUSEUM THE COLLEGE MAINTAINS MORE THAN 24,000 WORKS OF ART FROM ANTIQUITY TO THE PRESENT THAT COMPRISE THE PERMANENT COLLECTION OF THE MOUNT HOLYOKE COLLEGE ART MUSEUM (MHCAM). PARTICULAR STRENGTHS WITHIN THIS COLLECTION INCLUDE ANCIENT MEDITERRANEAN ART AND ARTIFACTS, PAINTINGS, SCULPTURE, AND DECORATIVE ART FROM EUROPE AND THE UNITED STATES, AND MODERN AND GLOBAL CONTEMPORARY ART. CATEGORIES OF SIGNIFICANT DEPTH INCLUDE PHOTOGRAPHY, GLASS, CERAMICS, PRINTS AND DRAWINGS, AND NUMISMATICS. THIS CULTURALLY AND CHRONOLOGICALLY DIVERSE COLLECTION IS AN IMPORTANT TEACHING AND LEARNING RESOURCE FOR FACULTY AND STUDENTS IN ALL DISCIPLINES, AND SERVES AS A NEXUS FOR INNOVATIVE OBJECT-BASED TEACHING AND EXPERIENTIAL LEARNING FOR THE COLLEGE, AREA SCHOOLS, AND BROADER COMMUNITIES. THE MHCAM PRODUCES SEVERAL ENGAGING EXHIBITIONS AND EVENTS EACH YEAR IN ADDITION TO ITS DISPLAY OF WORKS FROM THE PERMANENT COLLECTION. THE STAFF OF THE MOUNT HOLYOKE COLLEGE ART MUSEUM AIM TO SPARK INTELLECTUAL CURIOSITY AND FOSTER A LASTING PASSION FOR ART AND MATERIAL CULTURE THROUGH DIRECT ENGAGEMENT WITH THE MUSEUM'S COLLECTIONS, INCLUDING THE JOSEPH ALLEN SKINNER MUSEUM COLLECTION. IN SUPPORT OF THIS MISSION, THE MHCAM FOSTERS AN INCLUSIVE ENVIRONMENT FOR ACADEMIC EXPERIMENTATION, COMMUNITY BUILDING, AND SOCIAL ENJOYMENT. PART V, LINE 4: MOUNT HOLYOKE'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,800 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE COLLEGE TO FUNCTION AS ENDOWMENTS. ABOUT 27% OF THE ENDOWMENT INCOME USED TO SUPPORT THE COLLEGE'S OPERATIONS IS UNRESTRICTED. MOST OF THE ENDOWED FUNDS CONTAIN SPECIFIC RESTRICTIONS FOR THE SUPPORT OF CRITICAL FUNCTIONS SUCH AS FINANCIAL AID FOR STUDENTS WITH DEMONSTRATED NEED, FACULTY SALARIES, LIBRARY PURCHASES, STUDENT AND FACULTY RESEARCH, INTERNSHIPS AND DEPARTMENTAL PROGRAMMING. ENDOWMENT INCOME PROVIDES APPROXIMATELY 28% OF THE COLLEGE'S ANNUAL OPERATING BUDGET REVENUES. PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. IN DECEMBER 2017, THE TAX CUTS AND JOBS ACT (THE "ACT") WAS ENACTED. THE ACT HAS SEVERAL PROVISIONS WHICH IMPACT THE COLLEGE INCLUDING NEW EXCISE TAXES ON NET INVESTMENT INCOME, CHANGES TO THE NET OPERATING LOSS RULES, AND THE REPORTING OF UNRELATED BUSINESS TAXABLE INCOME FOR EACH UNRELATED TRADE OR BUSINESS. THE COLLEGE IS SUBJECT TO FEDERAL EXCISE TAX IMPOSED ON COLLEGES AND UNIVERSITIES IF CERTAIN CONDITIONS ARE MET, INCLUDING A NON-EXEMPT USE ASSET PER STUDENT RATIO. THE THRESHOLD WAS MET IN FISCAL YEAR 2023, AND THEREFORE THE COLLEGE WILL BE SUBJECT TO THE EXCISE TAX OF 1.4% ON NET INVESTMENT INCOME IN FISCAL YEAR 2024. AS DEFINED UNDER FEDERAL LAW, NET INVESTMENT INCOME INCLUDES INTEREST, DIVIDENDS, AND NET REALIZED GAINS ON SALES OF INVESTMENTS. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: WILLITS HALLOWELL CENTER REVENUE 1,674,053. ENDOWMENT EXPENSES -10,651,116. CHANGE IN FAS PENSION OBLIGATION 2,535,078. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -479,486. CHANGE IN VALUE OF INTEREST RATE SWAPS 354,128. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -164,263. FACULTY HOUSING EXPENSE -414,503. PART XII, LINE 2D - OTHER ADJUSTMENTS: WILLITS HALLOWELL CENTER EXPENSE 2,252,763. COST OF GOODS SOLD 164,263. FACULTY HOUSING EXPENSE 414,503. PART V, LINE 2 MOUNT HOLYOKE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2023 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, MOUNT HOLYOKE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TERM RESTRICTED ENDOWMENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY TOWARD STUDENTS, FACULTY AND STAFF, AND WITH REGARD TO STUDENTS, INCLUDES THIS POLICY IN MOST BROCHURES AND CATALOGS PERTAINING TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. THE COLLEGE'S NON-DISCRIMINATION STATEMENT IS ALSO AVAILABLE ON ITS WEBSITE LANDING PAGE. MOUNT HOLYOKE COLLEGE HAS APPROXIMATELY 2,264 STUDENTS WHO HAIL FROM 49 STATES AND 53 COUNTRIES. THE COLLEGE DEMONSTRATES ITS COMMITMENT TO DIVERSITY BY ENROLLING STUDENTS OF MINORITY GROUPS IN MEANINGFUL NUMBERS. THE RACIALLY DIVERSE STUDENT BODY CONSISTS OF APPROXIMATELY 23% WHO ARE INTERNATIONAL CITIZENS. OUT OF DOMESTIC STUDENTS, 32% IDENTIFY AS AFRICAN AMERICAN, NATIVE AMERICAN, ASIAN, LATINA, OR MULTIRACIAL. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL GRANTS FOR FACULTY RESEARCH AND STUDENT SCHOLARSHIPS. 1 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 75 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES RESEARCH 1689 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES RECRUITMENT 2430 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 423053967 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 4281535 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY ABROAD 12854 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RESEARCH 57443 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RECRUITMENT 15753 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES RESEARCH 88559 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 461184 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 1 PROGRAM SERVICES STUDY ABROAD 259621 EUROPE (INCLUDING ICELAND AND GREENLAND) FUNDRAISING ALUMNAE MEETINGS 22331 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES RECRUITMENT 8928 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 4928665 MIDDLE EAST AND NORTH AFRICA FUNDRAISING ALUMNAE MEETINGS 22511 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 438996 NORTH AMERICA PROGRAM SERVICES RESEARCH 28328 NORTH AMERICA PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 177227 RUSSIA AND THE NEWLY INDEPENDENT STATES PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 311919 SOUTH AMERICA PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 298169 SOUTH AMERICA PROGRAM SERVICES RESEARCH 5450 SOUTH AMERICA PROGRAM SERVICES RECRUITMENT 1261 SOUTH ASIA PROGRAM SERVICES RESEARCH 8731 SOUTH ASIA PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 3388639 SOUTH ASIA PROGRAM SERVICES RECRUITMENT 8903 SUB-SAHARAN AFRICA PROGRAM SERVICES RESEARCH 5186 SUB-SAHARAN AFRICA PROGRAM SERVICES SCHOLARSHIP ASSISTANCE 1970672 SUB-SAHARAN AFRICA PROGRAM SERVICES RECRUITMENT 6208 SUB-SAHARAN AFRICA INVESTMENTS 1062906 0 0 1 1 1 1 427425746 13504394 440930140 FINANCIAL ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN 1 75 ACCT CREDIT FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND AND GREENLAND) 13 461184 ACCT CREDIT FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 159 4281535 ACCT CREDIT FINANCIAL ASSISTANCE MIDDLE EAST AND NORTH AFRICA 12 438996 ACCT CREDIT FINANCIAL ASSISTANCE NORTH AMERICA 5 177227 ACCT CREDIT FINANCIAL ASSISTANCE RUSSIA AND THE NEWLY INDEPENDENT STATES 8 311919 ACCT CREDIT FINANCIAL ASSISTANCE SOUTH AMERICA 6 298169 ACCT CREDIT FINANCIAL ASSISTANCE SOUTH ASIA 79 3388639 ACCT CREDIT FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 37 1970672 ACCT CREDIT 1 0 1 1 1 1 PART I, LINE 2: ALL FINANCIAL AID GRANTS AND SCHOLARSHIPS TO MOUNT HOLYOKE COLLEGE DEGREE-SEEKING STUDENTS WHO ARE CITIZENS OF FOREIGN COUNTRIES ARE RECORDED IN THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS, BY AMOUNT PER SEMESTER. STUDENT FINANCIAL SERVICES STAFF DETERMINE STUDENT ELIGIBILITY BASED ON A CONSISTENTLY APPLIED NEED ANALYSIS FORMULA WHICH CALCULATES THE EXPECTED FAMILY CONTRIBUTION (EFC). THE EFC IS SUBTRACTED FROM THE TOTAL COST OF ATTENDANCE TO EQUAL THE FINANCIAL AID ELIGIBILITY. THE FINANCIAL AID GRANT AMOUNT IS DETERMINED BASED ON CONSISTENTLY APPLIED PACKAGING FORMULAS TO MEET THE FULL CALCULATED NEED OF EACH STUDENT. IN ADDITION TO THE NEED BASED AID, THERE ARE SOME GRANTS THAT ARE AWARDED BASED ON MERIT OR OTHER FACTORS. FINANCIAL AID GRANT FUNDS ARE MONITORED THROUGH THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS. STAFF WHO WILL BE AWARDING FINANCIAL AID GRANT FUNDS ARE TRAINED TO ADHERE TO THESE POLICIES AND PROCEDURES. THE FINANCIAL AID GRANT INFORMATION IS TRANSFERRED FROM POWERFAIDS TO THE STUDENT INFORMATION SYSTEM, ELLUCIAN COLLEAGUE, VIA A REGULARLY SCHEDULED INTERFACE. WHEN ALL INSTITUTIONAL GRANT DISBURSEMENT REQUIREMENTS ARE MET, THE FUNDS ARE DISBURSED TO THE STUDENT ACCOUNT IN COLLEAGUE. THE FUNDS ARE CREDITED AGAINST ANY BILLED CHARGES THAT HAVE BEEN PREVIOUSLY POSTED. FOR THE LIMITED NUMBER OF STUDENTS WHERE THIS RESULTS IN A CREDIT BALANCE, THE CREDIT MAY BE REFUNDED TO THE STUDENT IN THE FORM OF A CHECK OR DIRECT DEPOSIT TO THE STUDENT'S U.S. BANK ACCOUNT. THE STUDENT INITIATES THIS REFUND PROCESS BY SUBMITTING A COMPLETED DISBURSEMENT FORM OR CREDIT BALANCE/REFUND REQUEST FORM. STUDENT ELIGIBILITY IS MONITORED THROUGHOUT THE PERIOD OF ENROLLMENT AND ADJUSTMENTS ARE MADE, AS NECESSARY, FOR CHANGES IN ENROLLMENT STATUS ACCORDING TO THE COLLEGE'S PUBLISHED REFUND POLICIES. PART III ACCOUNTING METHOD: 1 TOWN OF SOUTH HADLEY 116 MAIN STREET SOUTH HADLEY MA 01075 046001303 115 40000 0 SUPPORT FOR FIRE DEPT CAPITAL EQUIP FUND GIRLS INC OF THE VALLEY PO BOX 6812 HOLYOKE MA 01041 042748244 501(C)(3) 10000 0 SUPPORT FOR ORGANIZATION'S CAMPAIGN WFCR HAMPSHIRE HOUSE AMHERST MA 01003 046130523 501(C)(3) 11543 0 GEN SUPPORT FOR LOCAL PUBLIC RADIO STATN 3 0 FIN AID & FELLOWSHIPS FOR US CITIZENS FOR TUITON, ROOM, BOARD 1350 56421751 PART I, LINE 2: ALL FINANCIAL AID GRANTS AND SCHOLARSHIPS TO STUDENTS WHO ARE UNITED STATES CITIZENS ARE RECORDED IN THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS, BY AMOUNT PER SEMESTER. STUDENT FINANCIAL SERVICES STAFF DETERMINE STUDENT ELIGIBILITY BASED ON A CONSISTENTLY APPLIED NEED ANALYSIS FORMULA WHICH CALCULATES THE EXPECTED FAMILY CONTRIBUTION (EFC). THE EFC IS SUBTRACTED FROM THE TOTAL COST OF ATTENDANCE TO EQUAL THE FINANCIAL AID ELIGIBILITY. THE FINANCIAL AID GRANT AMOUNT IS DETERMINED BASED ON CONSISTENTLY APPLIED PACKAGING FORMULAS TO MEET THE FULL CALCULATED NEED OF EACH STUDENT. IN ADDITION TO THE NEED BASED AID, THERE ARE SOME GRANTS THAT ARE AWARDED BASED ON MERIT OR OTHER FACTORS. FINANCIAL AID GRANT FUNDS ARE MONITORED THROUGH THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS. STAFF WHO WILL BE AWARDING FINANCIAL AID GRANT FUNDS ARE TRAINED TO ADHERE TO THESE POLICIES AND PROCEDURES. THE FINANCIAL AID GRANT INFORMATION IS TRANSFERRED FROM POWERFAIDS TO THE STUDENT INFORMATION SYSTEM, ELLUCIAN COLLEAGUE, VIA A REGULARLY SCHEDULED INTERFACE. WHEN ALL INSTITUTIONAL GRANT DISBURSEMENT REQUIREMENTS ARE MET, THE FUNDS ARE DISBURSED TO THE STUDENT ACCOUNT IN COLLEAGUE. THE FUNDS ARE CREDITED AGAINST ANY BILLED CHARGES THAT HAVE BEEN PREVIOUSLY POSTED. IF THIS TRANSACTION RESULTS IN A CREDIT BALANCE, THE CREDIT MAY BE REFUNDED TO THE STUDENT IN THE FORM OF A CHECK OR DIRECT DEPOSIT TO THE STUDENT'S BANK ACCOUNT. THE STUDENT INITIATES THIS REFUND PROCESS BY SUBMITTING A COMPLETED DISBURSEMENT FORM OR CREDIT BALANCE/REFUND REQUEST FORM. STUDENT ELIGIBILITY IS MONITORED THROUGHOUT THE PERIOD OF ENROLLMENT AND ADJUSTMENTS ARE MADE, AS NECESSARY, FOR CHANGES IN ENROLLMENT STATUS ACCORDING TO THE COLLEGE'S PUBLISHED REFUND POLICIES. INFREQUENTLY AT THE DISCRETION OF THE PRESIDENT OR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE COLLEGE MAKES DONATIONS TO SUPPORT THE TOWN OR NONPROFIT ORGANIZATIONS. IN THESE INSTANCES, THE COLLEGE GENERALLY DOES NOT MONITOR THE ULTIMATE USE OF THE FUNDS AS THESE AMOUNTS ARE UNRESTRICTED GRANTS TO MUNICIPALITIES AND ORGANIZATIONS THAT ARE RECOGNIZED AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). IN CERTAIN INSTANCES WHEN THE COLLEGE GRANTS FUNDS FOR SPECIFIED USE BY THE TOWN, THE COLLEGE MAINTAINS A WRITTEN AGREEMENT THAT SUCH GRANT WILL BE USED FOR THE DESIGNATED PURPOSE. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 SONYA STEPHENS FMR PRESIDENT 342152 0 0 0 456025 0 32025 0 36957 0 867159 0 0 0 ANA YANKOVA CHIEF INVESTMENT OFFICER 461341 0 0 0 37508 0 32025 0 26972 0 557846 0 0 0 KASSANDRA JOLLEY VP FOR COLLEGE RELATIONS 320018 0 0 0 34163 0 32025 0 23612 0 409818 0 0 0 SHANNON GUREK FMR VP FOR FIN & ADMIN & TREAS 153628 0 0 0 159272 0 19108 0 29939 0 361947 0 0 0 BEVERLY DANIEL TATUM PRESIDENT 262500 0 0 0 16209 0 13781 0 10516 0 303006 0 0 0 DOROTHY E KNIGHT-MOSBY FMR VP ACAD AFF & DEAN OF FACULTY 248005 0 0 0 18271 0 28269 0 3520 0 298065 0 0 0 KIJUA SANDERS-MCMURTRY VP FOR EQUITY & INCLUSION & CDO 234803 0 0 0 21908 0 26228 0 11747 0 294686 0 0 0 MARCELLA RUNELL HALL VP FOR STUD LIFE & DEAN OF STUDTS 205788 0 0 0 9663 0 22530 0 41570 0 279551 0 0 0 KEITH MICHEL ASSOCIATE VP FOR DEVELOPMENT 200789 0 0 0 25000 0 24215 0 23820 0 273824 0 0 0 ROBIN RANDALL VP FOR ENROLLMENT MANAGEMENT 216200 0 0 0 9513 0 23342 0 21143 0 270198 0 0 0 ALEXANDER WIRTH-CAUCHON CIO & EXEC DIR-LIB INFO & TECH SVCS 197592 0 0 0 16788 0 21630 0 26052 0 262062 0 0 0 PATRICIA GALLAGHER TREASURER 185856 0 0 0 6000 0 22103 0 37630 0 251589 0 0 0 THOMAS COTE ASSOCIATE DIRECTOR OF INVESTMENTS 202699 0 0 0 1000 0 21893 0 23632 0 249224 0 0 0 BETT SCHUMACHER SECRETARY OF THE COLLEGE 189919 0 0 0 14570 0 19770 0 23699 0 247958 0 0 0 PENNLOPE DAVIS ASSOCIATE VP FOR HR 185145 0 0 0 1000 0 20265 0 22421 0 228831 0 0 0 AMBER DOUGLAS VP FOR STUD SUCC & DEAN OF THE COLL 185387 0 0 0 1000 0 19846 0 3208 0 209441 0 0 0 CARMEN YULIN CRUZ SOTO DISTINGUISHED FELLOW LEADERSHIP 162372 0 0 0 18229 0 15986 0 10339 0 206926 0 0 0 LISA SULLIVAN PROVOST & DEAN OF FACULTY 155271 0 0 0 15000 0 15488 0 13143 0 198902 0 0 0 LENORE REILLY FMR SECRETARY OF THE COLLEGE 128624 0 0 0 1000 0 13872 0 10143 0 153639 0 0 0 PART I, LINE 1A THE BOARD OF TRUSTEES RECOGNIZES THE UNIQUE ROLE THE PRESIDENT AND OTHER SENIOR ADMINISTRATORS PLAY IN SUPPORTING ALUMNAE AND ADVANCEMENT ACTIVITIES, CAMPUS EVENTS, AND OTHER OFFICIAL FUNCTIONS. ACCORDINGLY, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE, COLLEGE OWNED OR LEASED HOUSING IS PROVIDED TO THE PRESIDENT AND THE VICE PRESIDENT FOR STUDENT LIFE AND DEAN OF STUDENTS TO FULFILL THESE DUTIES. SUCH HOUSING PROVIDED TO THE PRESIDENT IS APPROVED BY THE BOARD OF TRUSTEES AND HOUSING PROVIDED TO OTHER SENIOR ADMINISTRATORS IS APPROVED BY THE PRESIDENT. THE PERSONAL USE VALUE OF COLLEGE PROVIDED HOUSING IS INCLUDED IN NONTAXABLE BENEFITS. FOR THE PRESIDENT'S HOUSE, THE COLLEGE PROVIDES CUSTODIAL PERSONNEL AND APPROPRIATE EQUIPMENT AND SUPPLIES NECESSARY TO KEEP THE RESIDENCE'S APPEARANCE AND CLEANLINESS AT ACCEPTABLE STANDARDS. THE COST FOR TIME SPENT CLEANING THE PERSONAL QUARTERS OF THE PRESIDENT'S HOUSE IS INCLUDED IN THE FORM W-2 OF THE PRESIDENT. PART I, LINE 3 FOR A DESCRIPTION OF THE PROCESS USED TO DETERMINE THE PRESIDENT'S COMPENSATION, PLEASE REFER TO SCHEDULE O, PART VI, SECTION B, LINE 15. PART I, LINE 4A FORMER VICE PRESIDENT FOR FINANCE & ADMINISTRATION & TREASURER, SHANNON GUREK, RECEIVED A SEVERANCE PAYMENT OF $103,552 UPON HER TERMINATION OF EMPLOYMENT. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII, AND IN OTHER REPORTABLE COMPENSATION OF SCHEDULE J. PART II, COLUMN B(III): THE FORMER PRESIDENT'S OTHER REPORTABLE COMPENSATION INCLUDES CONTRACTUAL SABBATICAL PAYMENTS AS WELL AS EMPLOYEE TRANSITION PAYMENTS. A MA DEVELOPMENT FINANCE AGCY-MHC ISSUE SERIES 2016A 043431814 000000000 2016-03-24 26000000 CONSTRUCTION 0 0 0 B MA DEVELOPMENT FINANCE AGCY-MHC ISSUE SERIES 2016B 043431814 000000000 2016-11-30 33755000 TO REFUND 2008 BOND ISSUE 0 0 0 C MA DEVELOPMENT FINANCE AGCY-MHC ISSUE SERIES 2020B 043431914 000000000 2020-05-01 37000000 TO REFUND 2011A BOND ISSUE (REISSUED 3/24/16) 0 0 0 A 745000 26210204 238907 25971297 2018 1 0 1 1 B 1765000 33755000 226338 33528662 0 1 1 1 C 1840000 37000000 37000000 1 0 1 1 A 0 0 0 0 0.00630 0.00630 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 PART II, LINE 3 03/24/2016 $26,000,000 BOND: THE SERIES 2016A BOND WAS ISSUED IN THE STATED PRINCIPAL AMOUNT OF $26,000,000. THE TOTAL OF THIS ISSUE (PLUS THE INVESTMENT EARNINGS OF $210,204) AGREES TO THE AMOUNT REPORTED ON LINE 3 OF PART II, COLUMN A. PART IV, LINE 2C MA DEVELOPMENT FINANCE AGENCY-MHC ISSUE SERIES 2016A - DATE THE REBATE COMPUTATION WAS PERFORMED: 03/24/2023 MA DEVELOPMENT FINANCE AGENCY-MHC ISSUE SERIES 2016B - DATE THE REBATE COMPUTATION WAS PERFORMED: 11/30/2023 MA DEVELOPMENT FINANCE AGENCY-MHC ISSUE SERIES 2020B - DATE THE REBATE COMPUTATION WAS PERFORMED: 11/30/2023 REBATE CALCULATIONS: FOR THE APPLICABLE BONDS LISTED ABOVE IN THE PART IV, ARBITRAGE, LINE 2C STATEMENT, THE COLLEGE CONTRACTED WITH A THIRD PARTY TO PREPARE THE REBATE CALCULATIONS ON THE DATES AS REPORTED ABOVE FOR EACH RESPECTIVE BOND ISSUE. 20000 TUITION EXCHANGE TUITION BENEFIT FOR CHILD 7500 SCHOLARSHIP GRANT AID FOR CHILD MICHAEL CROWLEY HUSBAND OF OFFICER, MARY JO MAYDEW 102532 EMPLOYMENT 0 X 4 262000 OPINIONS OF EXPERTS X 109 1148830 MARKET VALUE X 2 48000 OPINIONS OF EXPERTS 4 0 1 1 PART I, LINE 32B: FOR GIFTS OF TANGIBLE REAL OR PERSONAL PROPERTY THAT DO NOT MEET THE COLLEGE'S MISSION OBJECTIVES, THE COLLEGE ENGAGES THE SERVICES OF AN AUCTION HOUSE OR REAL ESTATE AGENT TO SELL THE PROPERTY AND TRANSFER THE PROCEEDS TO THE COLLEGE. FORM 990, PART III, LINE 1 LOCATED IN SOUTH HADLEY, MASSACHUSETTS, MOUNT HOLYOKE COLLEGE IS A HIGHLY SELECTIVE, NONDENOMINATIONAL, RESIDENTIAL, RESEARCH LIBERAL ARTS COLLEGE FOR WOMEN THAT IS GENDER DIVERSE AND WELCOMES APPLICATIONS FROM FEMALE, TRANSGENDER, AND NON-BINARY STUDENTS. MOUNT HOLYOKE IS RENOWNED FOR EDUCATING WOMEN LEADERS, FROM MEDICAL PIONEERS TO PULITZER PRIZE-WINNING PLAYWRIGHTS. THE OLDEST OF THE SEVEN SISTER COLLEGES, WE ARE A NOTED LEADER IN LIBERAL ARTS EDUCATION WITH A MISSION GROUNDED IN THE CONVICTION THAT WOMEN CAN -- AND SHOULD -- MAKE A DIFFERENCE IN THE WORLD. FORM 990, PART III, LINE 4A *INSTRUCTION, RESEARCH, ACADEMIC SUPPORT AND LIBRARY SERVICES * MOUNT HOLYOKE COLLEGE ENROLLS APPROXIMATELY 2,200 UNDERGRADUATE STUDENTS WHO BENEFIT FROM SMALL GROUP INSTRUCTION IN A DIVERSE COLLEGE COMMUNITY WITH A STUDENT-TO-FACULTY RATIO OF 9 TO 1. MOUNT HOLYOKE'S 200+ ACCOMPLISHED FACULTY MEMBERS ARE INNOVATIVE TEACHERS DEDICATED TO THEIR STUDENTS. THEY ARE ALSO ACTIVE SCHOLARS, RESEARCH SCIENTISTS, AND CREATIVE ARTISTS PASSIONATE ABOUT THEIR DISCIPLINES. THE COLLEGE OFFERS 48 DEPARTMENTAL AND INTERDEPARTMENTAL MAJORS. THROUGH THE LIBERAL ARTS EDUCATION, STUDENTS EXPLORE ART, LITERATURE, LANGUAGES, PHILOSOPHY, POLITICS, HISTORY, MATHEMATICS AND SCIENCE RATHER THAN CHOOSING ONE SPECIALIZED TRACK OF STUDY. THE LIBERAL ARTS ALSO TRANSCEND THE CLASSROOM. STUDENTS GAIN A COMPLEX UNDERSTANDING OF THE WORLD IN WHICH THEY LIVE THROUGH INTERNSHIPS, STUDY ABROAD, COMMUNITY-BASED LEARNING, VOLUNTEER WORK AND INDEPENDENT RESEARCH. IN ADDITION TO ITS UNDERGRADUATE PROGRAM, THE COLLEGE, THROUGH ITS DIVISION OF PROFESSIONAL AND GRADUATE EDUCATION (PAGE), OFFERS A RANGE OF GRADUATE DEGREE PROGRAMS, INSTITUTES, AND COURSES TO SUPPORT EMERGING LEADERS, SCIENTISTS AND EDUCATORS WHO WANT TO INCREASE THEIR SCOPE OF IMPACT IN THEIR RESPECTIVE FIELDS. AN INTEGRAL PART OF THE COLLEGE COMMUNITY, LIBRARY AND INFORMATION TECHNOLOGY SERVICES FACILITATES THE CREATIVE USE OF INFORMATION AND TECHNOLOGY. IT SUPPORTS THE EDUCATIONAL PRIORITIES OF THE COLLEGE BY PROVIDING INSTRUCTION, MATERIALS, STAFF EXPERTISE AND EQUIPMENT TO SUSTAIN LEARNING, TEACHING, RESEARCH AND THE COLLEGE'S ADMINISTRATIVE FUNCTIONS. FORM 990, PART III, LINE 4B *STUDENT SERVICES AND RESIDENTIAL LIFE* THE DIVISION OF STUDENT LIFE CULTIVATES A DYNAMIC, ENGAGED AND INCLUSIVE COMMUNITY THAT ENRICHES THE STUDENT EXPERIENCE, PROMOTES WELLNESS AND BELONGING, AND SUPPORTS THE PURPOSEFUL DEVELOPMENT OF EVERY STUDENT. INCLUSION, COMPASSION, AND AUTHENTICITY ARE THE FOUNDATIONS OF MOUNT HOLYOKE'S RESIDENTIAL PROGRAM. TO THIS END, MOST RESIDENCE HALLS HOUSE MEMBERS OF ALL FOUR CLASSES ALONG WITH VIBRANT LIVING-LEARNING COMMUNITIES, INCLUDING A RESIDENCE HALL DEDICATED EXCLUSIVELY TO THE ENHANCEMENT OF THE FIRST YEAR EXPERIENCE. THE COLLEGE'S RESIDENCE HALLS ARE UNIQUE IN DESIGN AND CHARACTER AND OFFER MANY CONFIGURATIONS AS WELL AS COMMON SPACES TO MEET THE DEVELOPING NEEDS OF STUDENTS. ALONG WITH BEING COMMITTED TO ACADEMIC SUCCESS, MOUNT HOLYOKE CARES ABOUT THE OVERALL WELL BEING OF STUDENTS. THE COLLEGE OFFERS A RANGE OF HEALTH, COUNSELING, PUBLIC SAFETY, AND ACCESSIBILITY SERVICES TO SUPPORT THE NEEDS OF ITS STUDENTS. THE OFFICE OF STUDENT INVOLVEMENT SUPPORTS MORE THAN 100 STUDENT ORGANIZATIONS AND PRESENTS A WIDE ARRAY OF CULTURAL, ENTERTAINMENT AND SOCIAL EVENTS, IN ADDITION TO PROVIDING STUDENTS WITH OPPORTUNITIES FOR LEADERSHIP, SERVICE, AND ENGAGEMENT. THE OFFICE OF STUDENT INVOLVEMENT WORKS TO CREATE A VIBRANT AND INCLUSIVE CO-CURRICULAR CAMPUS LIFE THAT SUSTAINS MOUNT HOLYOKE COLLEGE STUDENTS AS SCHOLARS, AND OFFERS THEM SKILLS FOR LEADING A BALANCED LIFE. FORM 990, PART III, LINE 4C *DINING SERVICES* AT MOUNT HOLYOKE COLLEGE, DINING CONTINUES TO BE AN INTEGRAL PART OF A STUDENT'S EDUCATIONAL EXPERIENCE. THE COLLEGE'S DINING COMMONS (DC), LOCATED WITHIN ITS COMMUNITY CENTER, IS A HUB OF STUDENT LIFE WHERE COMMUNITY MEMBERS CAN CONVERSE, COLLABORATE, AND RELAX WITH ONE ANOTHER. THE DC, WHICH WAS NAMED A LEVEL 1 CERTIFIED GREEN RESTAURANT, FEATURES FIVE FOOD STATIONS THAT PROMOTE HEALTH, WELLNESS AND SUSTAINABILITY BY FOCUSING ON INTERNATIONAL CUISINE, VEGAN OPTIONS AND AVOIDING FOOD WITH ALLERGENS. FOR ITS VEGAN-FRIENDLY DINING, MOUNT HOLYOKE'S DINING SERVICES HAS BEEN RECOGNIZED BY PETA WITH AN "A" RATING, AND IS THE ONLY COLLEGE IN WESTERN MASSACHUSETTS TO EARN SUCH A HIGH GRADE. WITH SEATING IN SIX DISTINCTIVE DINING ROOMS, THE DC OFFERS STUDENTS THE OPPORTUNITY TO INTERACT WITH ONE ANOTHER, AS WELL AS WITH MEMBERS OF THE ENTIRE CAMPUS COMMUNITY. THESE INTENTIONALLY DESIGNED SPACES PROVIDE STUDENTS WITH A STRONG FOUNDATION FROM WHICH TO IMAGINE AND ENVISION FUTURE POSSIBILITIES, BOTH CURRICULAR AND CO-CURRICULAR. THESE NEW SPACES NOT ONLY CONNECT STUDENTS TO EACH OTHER, BUT ALSO TO THE BEAUTY OF THE COLLEGE'S CAMPUS AND PROVIDE NEW OPPORTUNITIES FOR CREATIVE WORK, THUS MAINTAINING THE INTIMACY AND PURPOSE OF THE MOUNT HOLYOKE COMMUNITY DINING EXPERIENCE. DINING SERVICES IS RESPONSIBLE FOR ALL COMMUNITY CENTER CASH OPERATIONS, VENDING, A BAKERY, AND A WAREHOUSE. THE QUALIFIED AND EXPERIENCED CULINARY PRODUCTION AND SERVICE STAFF ARE DEDICATED TO PROVIDING FRESH, NUTRITIOUS, WELL-PREPARED FOODS AND OFFERING DIVERSE AND EXTENSIVE MENU OPTIONS FOR THE ENTIRE MOUNT HOLYOKE COLLEGE COMMUNITY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION ACCORDING TO THE COLLEGE'S BY-LAWS, FIVE TRUSTEES, KNOWN AS ALUMNAE TRUSTEES, SHALL BE ELECTED BY THE ALUMNAE IN ACCORDANCE WITH THE BY-LAWS OF THE ALUMNAE ASSOCIATION. ONE ALUMNA TRUSTEE SHALL BE ELECTED EACH YEAR TO SERVE FOR A PERIOD OF FIVE YEARS. IN ADDITION, THE PRESIDENT OF THE ALUMNAE ASSOCIATION SHALL SERVE AS A SIXTH ALUMNA TRUSTEE DURING HER TERM OF OFFICE. THE ELECTION OF TRUSTEES, OTHER THAN ALUMNAE TRUSTEES, MAY BE HELD AT ANY REGULAR OR SPECIAL MEETING PROVIDED THAT WRITTEN NOTICE OF SUCH ELECTION, INCLUDING THE NAMES OF NOMINEES, HAS BEEN MADE AT LEAST THREE DAYS PRIOR TO THE MEETING. NOMINATIONS SHALL BE MADE BY THE NOMINATING AND GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW ANNUAL REVIEW OF THE COLLEGE'S FORM 990 IS DELEGATED TO THE AUDIT COMMITTEE. THE NOMINATING AND GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE SECTIONS OF THE FORM 990 THAT PERTAIN TO COMPENSATION AND REPORTING BACK TO THE AUDIT COMMITTEE. THIS PROCESS PERMITS THE GROUP OF TRUSTEES (THE AUDIT COMMITTEE) WHO ARE MOST KNOWLEDGEABLE TO REVIEW THE DOCUMENT ON BEHALF OF THE ENTIRE BOARD. THE AUDIT COMMITTEE REPORTS ANY FINDINGS TO THE BOARD OF TRUSTEES AND THE COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH TRUSTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY THE COLLEGE REQUIRES EACH MEMBER OF THE BOARD OF TRUSTEES TO ELECTRONICALLY TRANSMIT A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. IN ADDITION, NON-TRUSTEE COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES WITH KEY RESPONSIBILITIES ARE ASKED TO ELECTRONICALLY SUBMIT CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. THE OFFICE OF THE PRESIDENT ENSURES THAT THE COMPLETED FORMS ARE RETURNED BY ALL TRUSTEES, AND THE OFFICE OF FINANCE AND ADMINISTRATION ENSURES THAT THE COMPLETED FORMS ARE RETURNED BY ALL NON-TRUSTEE COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES WITH KEY RESPONSIBILITIES. THE OFFICE OF FINANCE AND ADMINISTRATION COLLECTS AND RECORDS THE SUBMITTED DATA FROM THE ELECTRONIC TRANSMISSIONS. THE INFORMATION ON THE SUBMITTED FORMS IS SUMMARIZED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER WHO PROVIDES A COPY OF THE SUMMARY TO THE AUDIT COMMITTEE ANNUALLY. THE AUDIT COMMITTEE REVIEWS THE INFORMATION DISCLOSED AND ADVISES THE PRESIDENT AND THE CHAIR OF THE BOARD AS TO POTENTIAL CONFLICTS. THE AUDIT COMMITTEE MAY, AT ITS DISCRETION, DELEGATE THIS ANNUAL REVIEW TO THE CHAIR OF THE COMMITTEE. BY SIGNING THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM, EACH INDIVIDUAL AGREES TO ANSWER ANY QUESTIONS THAT BOARD MEMBERS MAY HAVE ABOUT POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL ANNUALLY, THE HUMAN RESOURCES DEPARTMENT ASSEMBLES COMPARATIVE SALARY DATA FOR ALL SENIOR/EXECUTIVE POSITIONS AT THE COLLEGE INCLUDING: PRESIDENT AND ALL VICE PRESIDENTS, CHIEF INVESTMENT OFFICER, AND THE SECRETARY OF THE COLLEGE. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2023 FOR EACH OF THE POSITIONS MENTIONED ABOVE. SALARY DATA FOR THESE EXECUTIVE POSITIONS IS COMPILED FROM THE ADMINISTRATORS IN HIGHER EDUCATION SALARIES SURVEY CONDUCTED ANNUALLY BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA -HR) AND ASSEMBLED AND ANALYZED USING SEVERAL VIEWS (25TH AND 75TH PERCENTILES, MEDIAN, AND MEAN) FOR SALARY DATA FROM ALL PRIVATE INDEPENDENT INSTITUTIONS HAVING A SIMILAR ENDOWMENT VALUE AND FALLING WITHIN A COMPARABLE BUDGET QUARTILE AS THAT OF MOUNT HOLYOKE COLLEGE. IN ADDITION, MOUNT HOLYOKE COLLEGE PARTICIPATES IN A SURVEY ON EXECUTIVE TOTAL COMPENSATION, WHICH IS CONDUCTED ANNUALLY BY A THIRD PARTY COMPENSATION CONSULTANT (CURRENTLY CONDUCTED BY SULLIVAN, COTTER & ASSOCIATES). TWENTY -SEVEN OF THE COLLEGE'S PEER INSTITUTIONS ALSO PARTICIPATE IN THIS SURVEY. SALARY DATA FROM THIS SURVEY IS ANALYZED IN A SIMILAR FASHION TO THE CUPA-HR DATA. THIS SALARY DATA, ALONG WITH SALARIES OF CURRENT MOUNT HOLYOKE COLLEGE INCUMBENTS, IS ASSEMBLED AND SHARED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND WITH THE CHAIR OF THE NOMINATING AND GOVERNANCE COMMITTEE. THE DATA IS THEN PRESENTED TO THE FULL NOMINATING AND GOVERNANCE COMMITTEE FOR DISCUSSION AND DECISION ON WHAT SALARY ADJUSTMENTS, IF ANY, WILL BE MADE. THE CHAIR OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW OF PERFORMANCE OF THE PRESIDENT. THE PRESIDENT IS RESPONSIBLE FOR OVERSIGHT OF PERFORMANCE MANAGEMENT FOR THE VICE PRESIDENTS AND THE CHIEF INVESTMENT OFFICER. WITH REGARD TO THE CHIEF INVESTMENT OFFICER'S PERFORMANCE-BASED COMPENSATION, THE PRESIDENT AND INVESTMENT COMMITTEE (IC) REVIEW HER PERFORMANCE IN ACCORDANCE WITH ESTABLISHED METRICS. WITH REGARD TO THE PRESIDENT'S COMPENSATION, IN ADDITION TO COMPARATIVE PEER SALARY DATA, THE HUMAN RESOURCES DEPARTMENT ALSO ASSEMBLES A SUMMARY REPORT OF PRESIDENTIAL "TOTAL" SALARY. THIS REPORT IS ALSO REVIEWED BY AND DISCUSSED WITH THE NOMINATING AND GOVERNANCE COMMITTEE AND IS DISCUSSED WITH THE ENTIRE BOARD IN THEIR EXECUTIVE SESSION. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE COLLEGE'S OFFICERS MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD. THE COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE ORGANIZATION'S NOMINATING AND GOVERNANCE COMMITTEE. THE COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF ASSISTING THE BOARD IN FULFILLING ITS RESPONSIBILITY TO THE COLLEGE AND THE COMMUNITY TO ENSURE THE COMPENSATION IS IN ACCORDANCE WITH THE COLLEGE'S POLICIES. AS MENTIONED, PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE NOMINATING AND GOVERNANCE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY. THE COMMITTEE UTILIZES COMPENSATION SURVEYS THAT INCLUDE COMPARABLE INSTITUTIONS TO SET COMPENSATION LEVELS. FINALLY, THE NOMINATING AND GOVERNANCE COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR SETTING COMPENSATION CONCURRENTLY WITH THE MAKING OF THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE COLLEGE MAKES ITS BY-LAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE MOUNT HOLYOKE COLLEGE WEBSITE. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL. FORM 990, PART XI, LINE 9: WILLITS HALLOWELL CENTER SUPPORT -548,559. CHANGE IN VALUE OF INTEREST RATE SWAPS 354,128. CHANGE IN FAS 158 PENSION LIABILITY 2,535,078. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -479,486. COLLEGIATE CATALYST FUND LLC 63 MOUNTAIN VIEW DRIVE STE 301 3RD COLCHESTER VT 05446 043793835 CAPTIVE INSURANCE VT -90099 919211 TRUSTEES OF MOUNT HOLYOKE COLLEGE WILLITS HALLOWELL CENTER INC C/O MOUNT HOLYOKE COLLEGE 50 COLLEG SOUTH HADLEY MA 01075 042565823 MHC MEETINGS MA 501(C)(3) LINE 12B, II MHC 1 ALUMNAE ASSOC OF MOUNT HOLYOKE COLLEGE C/O MOUNT HOLYOKE COLLEGE 50 COLLEG SOUTH HADLEY MA 01075 042105894 ALUMNAE NETWORK MA 501(C)(3) LINE 12A, I N/A 0 ASSOCIATED KYOTO PROGRAM INC C/O POMONA COLLEGE 550 HARVARD AVE CLAREMONT CA 91711 042996114 EDUCATION EXCHANGE MA 501(C)(3) LINE 12C, III N/A 0 CENTER REDEVELOPMENT CORPORATION 17 COLLEGE STREET SOUTH HADLEY MA 01075 042939950 REAL ESTATE MA 501(C)(3) LINE 12A, I MHC 1 CHARITABLE REMAINDER UNITRUSTS (18) C/O MOUNT HOLYOKE COLLEGE 50 COLLEG SOUTH HADLEY MA 01075 CHARITABLE TRUST MA MHC T 1 PERPETUAL TRUST (1) C/O MOUNT HOLYOKE COLLEGE 50 COLLEG SOUTH HADLEY MA 01075 CHARITABLE TRUST MA MHC T 1 POOLED INCOME FUNDS (2) C/O MOUNT HOLYOKE COLLEGE 50 COLLEG SOUTH HADLEY MA 01075 CHARITABLE TRUST MA MHC T 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 1 1 WILLITS HALLOWELL CENTER L 154774 OVERHEAD ALLOCATION WILLITS HALLOWELL CENTER M 532987 INTERNAL SALES WILLITS HALLOWELL CENTER N 350000 ESTIMATED FMV - BUILDING WILLITS HALLOWELL CENTER R 548557 WILLITS SUBSIDY POOLED INCOME FUNDS (2) S 191826 MANDATORY TRANSFERS