2025-05-14T13:55:46-05:00 2024-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2023-07-01 030220266 CHAMPLAIN COLLEGE INCORPORATED CHAM 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 APRIL O'DELL TREASURER 8028602700 2025-05-14 1 0 KIMBERLY MAC NAMEE P02479140 6179881000 2025-05-13 2023 2025-03-06 01:10:19Z ALEJANDRO HERNANDEZ 163 S WILLARD STREET BURLINGTON VT 05401 204065456 0 X WWW.CHAMPLAIN.EDU X 1878 VT SEE SCHEDULE O 31 30 1622 30 873735 0 9255813 10084734 109206737 114222566 7103720 6407745 2912283 5508440 128478553 136223485 39978131 42171543 0 0 50191368 53465867 0 0 2162727 39657815 41127957 129827314 136765367 -1348761 -541882 221563269 217547236 83356738 80981173 138206531 136566063 X CHAMPLAIN COLLEGE EDUCATES STUDENTS TO BE READY FOR WORK, READY FOR LIFE AND READY TO MAKE A DIFFERENCE. 0 0 89818815 42171543 77528506 SEE SCHEDULE O 9426875 0 22770697 SEE SCHEDULE O 17363109 0 14233138 SEE SCHEDULE O 116608799 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 178 0 1 1622 1 1 1 1 CA EI 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VT X APRIL O'DELL 8028602700 163 SOUTH WILLARD STREET BURLINGTON VT 05401 ALEJANDRO E HERNANDEZ PRESIDENT 40.00 0.00 X X 446273 0 131334 MICHELE ASCH TRUSTEE 2.00 0.00 X 0 0 0 DAN BOARDMAN TRUSTEE 2.00 0.00 X 0 0 0 SARA BYERS TRUSTEE 2.00 0.00 X 0 0 0 LUCIA CAMPRIELLO TRUSTEE (AS OF 10/23) 2.00 0.00 X 0 0 0 JIM CROOK TRUSTEE 2.00 0.00 X 0 0 0 LAURA DAGAN TRUSTEE 2.00 0.00 X 0 0 0 IAN DAVIS TRUSTEE 2.00 0.00 X 0 0 0 MARGUERITE DIBBLE TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL DUBIE TRUSTEE 2.00 0.00 X 0 0 0 JUSTIN FIMLAID TRUSTEE 2.00 0.00 X 0 0 0 DAVID FINNEY TRUSTEE 2.00 0.00 X 0 0 0 JERRY FORD TRUSTEE (AS OF 06/24) 2.00 0.00 X 0 0 0 JIM FOSTER TRUSTEE 2.00 0.00 X 0 0 0 KRISTIN HALPIN PERRY TRUSTEE 2.00 0.00 X 0 0 0 JOHN ILLICK TRUSTEE (THRU 10/23) 2.00 0.00 X 0 0 0 MAHMOUD JABARI TRUSTEE 2.00 0.00 X 0 0 0 CHARLES KITTREDGE TRUSTEE (THRU 10/23) 4.00 0.00 X 0 0 0 AIMEE MARTI TRUSTEE 2.00 0.00 X 0 0 0 CORINN MCCARTHY BERGERON TRUSTEE 2.00 0.00 X 0 0 0 MARI MCCLURE TRUSTEE 2.00 0.00 X 0 0 0 KOJO MENSAH BONSU TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL METZ TRUSTEE 2.00 0.00 X 0 0 0 KEN MINKLEI TRUSTEE 2.00 0.00 X 0 0 0 JUDITH W O'CONNELL TRUSTEE 4.00 0.00 X 0 0 0 COLIN OWYANG TRUSTEE (THRU 10/23) 2.00 0.00 X 0 0 0 KENNETH PALM TRUSTEE (THRU 10/23) 2.00 0.00 X 0 0 0 PREMILA PETERS TRUSTEE 2.00 0.00 X 0 0 0 DAVID PROVOST TRUSTEE 2.00 0.00 X 0 0 0 RAJ RAWAL TRUSTEE 2.00 0.00 X 0 0 0 RUSS SCULLY TRUSTEE 2.00 0.00 X 0 0 0 JULIE SNOW TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL SULLIVAN TRUSTEE (AS OF 4/24) 2.00 0.00 X 0 0 0 EDUARDO VAZQUEZ TRUSTEE 2.00 0.00 X 0 0 0 JON WETTSTEIN TRUSTEE 2.00 0.00 X 0 0 0 MONIQUE TAYLOR PROVOST 40.00 0.00 X 299475 0 58592 LESLIE AVERILL VICE PRESIDENT 40.00 0.00 X 269413 0 37330 DIANA MATOT VICE PRESIDENT 40.00 0.00 X 207042 0 54509 SHELLEY NAVARI VICE PRESIDENT (THRU 7/23) 40.00 0.00 X 243509 0 16668 ROBIN GRONLUND VICE PRESIDENT (THRU 6/24) 40.00 0.00 X 193151 0 45326 SARAH ANDRIANO VICE PRESIDENT 40.00 0.00 X 170408 0 53915 DANELLE BERUBE VICE PRESIDENT 40.00 0.00 X 166880 0 30811 APRIL O'DELL ASST TREAS/TREAS (AS OF 7/23) 40.00 0.00 X 149767 0 53184 CHRISTA MONTAGNINO VICE PRESIDENT 40.00 0.00 X 234358 0 54225 JENNIFER KENNELLY ASSIST TREAS (AS OF 7/5/23) 40.00 0.00 X 122122 0 45254 RICK BLOUNT SECRETARY (THRU 8/23) 20.00 0.00 X 67520 0 0 LEANDRE WALDO SECRETARY (AS OF 7/31/23) 20.00 0.00 X 54824 0 10765 ALI HADI PROFESSOR 40.00 0.00 X 187125 0 47862 ADAM GOLDSTEIN PROFESSOR 40.00 0.00 X 165303 0 46075 PAOLO SERGIO TENREIRO DE MAGA PROFESSOR 40.00 0.00 X 167325 0 50106 DONALD HAGGERTY DEPARTMENT CHAIR 40.00 0.00 X 165315 0 23756 AMANDA FOX ACTING DEAN DIV OF COMMUN 40.00 0.00 X 157286 0 30414 3467096 0 790126 43 0 1 0 SODEXO INC AND AFFILIATES 9859 FLOWER BONNET AVENUE NW CONCORD NC 28027 FOOD SERVICE 4269496 EDDY ACQUISITIONS LLC 15200 SANTA FE TRAIL DRIVE SUITE 2 LENEXA KS 66219 DIGITAL MARKETING 1846317 PAUL FRANK COLLINS PC PO BOX 1307 BURLINGTON VT 054021307 BUILDING PURCHASE 1598036 GOOGLE LLC DEPT 33654 PO BOX 39000 SAN FRANCISCO CA 94139 ACCOUNT SERVICES 1194418 CBMVT LLC 78 MILLER LANE WILLISTON VT 05495 JANITORIAL SERVICES 805611 35 2362942 7721792 234637 10084734 TUITION & FEES 611710 92653964 92653964 DORMITORY AND DINING FEES 721310 21528325 21528325 BOOKSTORE RECEIPTS 451211 40277 40277 114222566 3476006 3476006 206150 0 206150 206150 206150 70769210 4500 67841971 0 2927239 4500 2931739 2931739 CONFERENCE AND EVENT CENTER 720000 975172 101437 873735 PARKING REVENUE 480000 208338 208338 4118780 4118780 5302290 136223485 114532341 873735 10732675 42036465 42036465 135078 135078 2918909 816216 1703559 399134 38034411 31165813 5978054 890544 2809328 2319129 427838 62361 6738174 5413482 1144223 180469 2965045 2331758 543309 89978 138880 138880 145700 145700 113540 113540 6074318 6015142 57742 1434 1126996 854540 260132 12324 3657729 788200 2869529 5388329 5388329 622911 483729 94183 44999 3169379 3090095 63427 15857 6161450 4613908 1391694 155848 827623 330704 496919 MEAL EXPENSES 3606067 3606067 CONTRACTUAL SERVICES 2446002 1556149 798751 91102 STUDENT ACTIVITIES/ACAD 1911073 1627259 267849 15965 RENOVATION/OTH PROJECTS 1855281 1855281 3882679 2181455 1498512 202712 136765367 116608799 17993841 2162727 7017188 4748215 5262727 9853705 1728266 1845668 3718723 3967270 2245009 2525594 222312295 90400618 135727839 131911677 63525985 60968369 2337532 1726738 221563269 217547236 7984340 8305640 6094054 5129346 66639596 66488988 86332 55032 1423437 0 1128979 1002167 83356738 80981173 X 101485457 93032515 36721074 43533548 138206531 136566063 221563269 217547236 X -541882 -713287 -385299 X 0 1 X 1 1 1 X 3945996 9328004 13043117 9255813 10084734 45657664 3945996 9328004 13043117 9255813 10084734 45657664 5208383 40449281 2209518 2226979 2700760 2925655 3682156 13745068 1666555 985586 1344193 2204318 4428555 10629207 70031939 551651518 0.57760 0.60260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONFERENCE/EVENT CENTER - 2019 AMOUNT: $ 453. 2021 AMOUNT: $ 218. 2023 AMOUNT: $ 101,437. OTHER INCOME - 2019 AMOUNT: $ 1,451,155. 2020 AMOUNT: $ 907,914. 2021 AMOUNT: $ 1,142,746. 2022 AMOUNT: $ 2,002,728. 2023 AMOUNT: $ 4,118,780. PARKING FEES - 2019 AMOUNT: $ 214,947. 2020 AMOUNT: $ 77,672. 2021 AMOUNT: $ 201,229. 2022 AMOUNT: $ 201,590. 2023 AMOUNT: $ 208,338. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27438005 15272050 3324117 558891 6742383 38732898 25253711 1122637 2474019 560154 852208 27438005 29685138 277537 -3433113 504175 771676 25253711 23894478 415116 6528189 481716 670929 29685138 25009249 92686 -208695 445608 553154 23894478 0.24937 0.26149 0.48914 0 0 5125202 5125202 201560556 77403417 124157139 14172483 11754056 2418427 1454054 1243145 210909 131911677 US GOVERNMENT GRANTS 311655 LIAB. UNDER TRUST AND ANNUITY 690512 1002167 X 94572196 -713287 -40824462 -41537749 136109945 113540 113540 136223485 96346489 3127625 3127625 93218864 113540 43432963 43546503 136765367 PART V, LINE 4: THE CHAMPLAIN COLLEGE ENDOWMENT CONSISTS OF APPROXIMATELY 58 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE FINANCIAL AID FOR STUDENTS, ACADEMIC SUPPORT FOR PROGRAMS AND FACILITIES, AND STUDENT SERVICE PROGRAM SUPPORT. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BASED ON THE POLICIES ADOPTED, THE BOARD OF TRUSTEES MAY APPROVE AND DISTRIBUTE UP TO 5% OF THE VALUE OF THE FUNDS ANNUALLY. THE VALUE OF THE FUNDS IS THE AVERAGE YEAR END VALUE OF THE FUND FOR THE PREVIOUS THREE CALENDAR YEARS. PART X, LINE 2: FIN 48 (ASC740) THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ASC 740, INCOME TAXES, PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. ASC 740 PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITIONS WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF AN EXAMINATION BY THE TAX AUTHORITIES. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS AND BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 145,210. FINANCIAL AID -43,432,963. FOREIGN ENTITIES 2,993,800. CHANGE IN ALLOWANCE FOR CONTRIBUTION RECEIVABLE -530,509. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOREIGN ENTITIES 3,407,690. FEDERAL REVENUE FROM CAPITAL PROJECT -280,065. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXCLUDING FOREIGN ENTITIES 43,432,963. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL STUDENT AID FROM THE DEPARTMENT OF EDUCATION. PART I, LINE 3: CHAMPLAIN COLLEGE MAINTAINS A COMPREHENSIVE NONDISCRIMINATION POLICY THAT APPLIES TO ALL ASPECTS OF ITS EDUCATIONAL PROGRAMS AND ACTIVITIES. THIS POLICY IS PUBLISHED IN THE FOLLOWING LOCATIONS: - THE COLLEGE'S OFFICIAL WEBSITE (WWW.CHAMPLAIN.EDU) - THE STUDENT HANDBOOK - EMPLOYEE HANDBOOK - ALL ADMISSIONS MATERIALS AND CATALOGS - FINANCIAL AID INFORMATION 1 SOUTH AMERICA 0 0 PROGRAM SERVICES FINANCIAL AID 32500 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FINANCIAL AID 55500 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FINANCIAL AID 33000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FINANCIAL AID 14078 0 0 0 0 0 0 135078 0 135078 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE SOUTH AMERICA 1 32500 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE EUROPE (INCLUDING ICELAND & GREENLAND) 2 55500 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE EAST ASIA AND THE PACIFIC 2 33000 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE CENTRAL AMERICA AND THE CARIBBEAN 1 14078 1 0 1 0 0 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE COLLEGE OFFERS FINANCIAL ASSISTANCE, IN THE FORM OF GRANTS AND SCHOLARSHIPS, TO INTERNATIONAL STUDENTS. IN ORDER TO QUALIFY FOR THE ASSISTANCE, A STUDENT MUST BE ENROLLED FULL-TIME, MUST HAVE ACHIEVED A SATISFACTORY GRADE POINT AVERAGE, AND MUST HAVE DEMONSTRATED FINANCIAL NEED. ALL GRANTS AND SCHOLARSHIPS TO STUDENTS ARE AWARDED BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. THE COLLEGE HAS PROCEDURES IN PLACE FOR MONITORING GRANTS TO ENSURE PROPER COMPLIANCE. 1 INSTITUTIONAL SCHOLARSHIPS - UNDERGRADUATE 1805 41601596 SEOG FINANCIAL AID 891 361069 DOD INFORMATION ASSURANCE SCHOLARSHIP 1 73800 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS IN THE U.S. CHAMPLAIN OFFERS BOTH MERIT AID AND NEED-BASED AID. MERIT SCHOLARSHIPS ARE RENEWED ANNUALLY PROVIDED THE STUDENT IS ENROLLED FULL-TIME AND MEETS ALL ACADEMIC STANDARDS. NEED-BASED SCHOLARSHIPS ARE RENEWED ANNUALLY BASED ON FINANCIAL NEED; THE FREE APPLICATION FOR FEDERAL STUDENT AID(FAFSA) FORM MUST BE COMPLETED IN ORDER TO BE CONSIDERED FOR THESE AWARDS. THE FINANCIAL AID OFFICE MONITORS STUDENTS TO ENSURE CONTINUED ELIGIBILITY FOR THE TYPE OF AID THEY ARE RECEIVING. AT THE END OF EACH SEMESTER (FALL, SPRING, SUMMER), EVERY FINANCIAL AID RECIPIENT'S PROGRESS IS REVIEWED BY THE OFFICE OF FINANCIAL AID. STUDENTS ARE MEASURED USING BOTH QUALITATIVE AND QUANTITATIVE STANDARDS. THE PURPOSE OF THIS REVIEW IS TO MEASURE WHETHER A STUDENT IS MAKING SATISFACTORY ACADEMIC PROGRESS TOWARDS GRADUATION. THESE STANDARDS APPLY TO ALL TYPES OF FINANCIAL AID: FEDERAL, STATE AND INSTITUTIONAL AID. STUDENTS WHO FAIL TO MEET THE SATISFACTORY ACADEMIC PROGRESS REQUIREMENTS MAY BECOME INELIGIBLE TO RECEIVE FINANCIAL AID UNTIL THEY ARE IN COMPLIANCE WITH THESE REQUIREMENTS. X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 ALEJANDRO E HERNANDEZ PRESIDENT 412924 0 0 0 33349 0 73000 0 58334 0 577607 0 0 0 MONIQUE TAYLOR PROVOST 251273 0 0 0 48202 0 26240 0 32352 0 358067 0 0 0 LESLIE AVERILL VICE PRESIDENT 239410 0 0 0 30003 0 24382 0 12948 0 306743 0 0 0 CHRISTA MONTAGNINO VICE PRESIDENT 233165 0 0 0 1193 0 24222 0 30003 0 288583 0 0 0 DIANA MATOT VICE PRESIDENT 192607 0 0 0 14435 0 25925 0 28584 0 261551 0 0 0 SHELLEY NAVARI VICE PRESIDENT (THRU 7/23) 135977 0 0 0 107532 0 13634 0 3034 0 260177 0 0 0 ROBIN GRONLUND VICE PRESIDENT (THRU 6/24) 190389 0 0 0 2762 0 19942 0 25384 0 238477 0 0 0 ALI HADI PROFESSOR 186831 0 0 0 294 0 19400 0 28462 0 234987 0 0 0 SARAH ANDRIANO VICE PRESIDENT 170025 0 0 0 383 0 18460 0 35455 0 224323 0 0 0 PAOLO SERGIO TENREIRO DE MAGA PROFESSOR 166849 0 0 0 476 0 16582 0 33524 0 217431 0 0 0 ADAM GOLDSTEIN PROFESSOR 164693 0 0 0 610 0 17231 0 28844 0 211378 0 0 0 APRIL O'DELL ASST TREAS/TREAS (AS OF 7/23) 149435 0 0 0 332 0 16484 0 36700 0 202951 0 0 0 DANELLE BERUBE VICE PRESIDENT 166531 0 0 0 349 0 17103 0 13708 0 197691 0 0 0 DONALD HAGGERTY DEPARTMENT CHAIR 161112 0 0 0 4203 0 19375 0 4381 0 189071 0 0 0 AMANDA FOX ACTING DEAN DIV OF COMMUN 155951 0 0 0 1335 0 16194 0 14220 0 187700 0 0 0 JENNIFER KENNELLY ASSIST TREAS (AS OF 7/5/23) 100559 0 0 0 21563 0 11320 0 33934 0 167376 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THESE AMOUNTS ARE INCLUDED IN COLUMN (D) AS A NON-TAXABLE BENEFIT. THE COLLEGE MAY PROVIDE HOUSING ARRANGEMENTS TO NEW OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE COLLEGE UPON HIRE ON A TEMPORARY BASIS. THE COLLEGE COMPLIES WITH IRC SECTION 119. PART I, LINE 3 SEE SCHEDULE O COMPENSATION POLICY PART I, LINES 4A-B IN CALENDAR YEAR 2023, PURSUANT TO AN EMPLOYMENT AGREEMENT, THE VICE PRESIDENT OF FINANCE RECEIVED A ONE-TIME PAYMENT OF $107,140. EFFECTIVE NOVEMBER 30, 2021, THE UNIVERSITY ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN FOR ALEJANDRO HERNANDEZ, PRESIDENT. THE CONTRIBUTION MADE DURING THE CALENDAR YEAR 2023 WAS $40,000 AND REPORTED ON SCHEDULE J, PART II, COLUMN F. NO VESTING OCCURRED AS OF JUNE 30, 2024. PART I, LINE 7 BONUSES FOR OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE COMPENSATION COMMITTEE AND ARE DISCRETIONARY. A VEHBFA (SERIES 2016A) 237154467 924166JXO 2016-12-01 67826964 REFUND PRIOR BONDS & CONSTRUCTION 0 0 0 A 68098866 617916 22186692 45294258 2018 1 0 1 1 A 0 0 1 1 0 0.01940 0.01940 0 0 1 A 1 0 0 0 0 1 A 1 PART I, LINE A, COLUMN F: THE 2016A BOND ISSUE WAS FOR CONSTRUCTION OF A MIXED-USE FACILITY CONSISTING OF 105 DWELLING UNITS WITH AN AGGREGATE OF 314 BEDS FOR STUDENT HOUSING AS WELL AS GARAGE AND RETAIL STORE SPACE. THE BUILDING WAS PLACED IN SERVICE IN FISCAL YEAR 2019. THE 2016A BOND ISSUE ALSO REFUNDED THE FOLLOWING BONDS: 2009 SERIES - 06/09/2009 2010A SERIES - 12/13/2010 2010B SERIES - 12/13/2010 2011 SERIES - 12/09/2011 2013 SERIES - 05/29/2013 2014 SERIES - 07/30/2014 PART II, LINE 3: THE TOTAL AMOUNT OF PROCEEDS OF THE BOND ISSUE DOES NOT AGREE TO THE ISSUE PRICE LISTED IN PART I, COLUMN E DUE TO INTEREST EARNED OF $261,902 ON DEPOSIT WITH BOND TRUSTEE. PART III, LINE 3A: THE COLLEGE ENTERS INTO JANITORIAL AND VENDING SERVICE CONTRACTS FOR ALL CAMPUS BUILDINGS INCLUDING RESIDENTIAL, ACADEMIC, AND ADMINISTRATIVE BUILDINGS. THESE SERVICES ARE DEEMED INCIDENTAL FOR PRIVATE BUSINESS USE CONSIDERATIONS. THE COLLEGE HAS ENGAGED LEGAL COUNSEL TO REVIEW THIRD PARTY FOOD MANAGEMENT SERVICE CONTRACTS TO ENSURE THEY MEET THE SAFE HARBOR REQUIREMENTS. AS A RESULT, THESE CONTRACTS DO NOT YIELD PRIVATE BUSINESS USE. THE COLLEGE ALSO ENTERS INTO A BOOKSTORE MANAGEMENT SERVICE CONTRACT WHICH MEETS THE SAFE HARBOR REQUIREMENTS AND THEREFORE DOES NOT RESULT IN PRIVATE BUSINESS USE. PART IV, LINE 2C: ARBITRAGE REBATE COMPUTATIONS: THE ARBITRAGE REBATE COMPUTATIONS FOR THE SERIES 2016A BONDS WERE PERFORMED ON DECEMBER 1, 2021. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 4454575 PROVISION OF SERVICES 0 X 13 234637 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION CHAMPLAIN COLLEGE EDUCATES ADAPTABLE THINKERS, DARING CHANGE-MAKERS, AND INCLUSIVE INNOVATORS WHO SHAPE PROFESSIONS AND INSPIRE COMMUNITIES. CHAMPLAIN'S AGILE AND ENTREPRENEURIAL APPROACH TO HIGHER EDUCATION UNIQUELY BLENDS TECHNOLOGY LEADERSHIP, MARKET SAVVY, INNOVATION AND FISCAL RESPONSIBILITY WITH A COMMITMENT TO LIBERAL LEARNING, COMMUNITY INVOLVMENT AND "THE HUMAN TOUCH." THIS DISTINCTIVE APPROACH PERMEATES THE DELIVERY OF RELEVANT, RIGOROUS STUDENT-CENTERED PROGRAMS IN BUSINESS, ARTS, APPLIED TECHNOLOGY, AND PUBLIC SERVICE. FORM 990, PART III, LINE 4A UNDERGRADUATE PROGRAM - THE COLLEGE HAS FIVE UNDERGRADUATE CAMPUS DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, SCHOOL OF SOCIAL INNOVATION, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE CAMPUS DIVISIONS, THE COLLEGE OFFERS STUDIOS AND CENTERS OF EXPERIENCE INCLUDING THE LEAHY CENTER FOR DIGITAL FORENSICS & CYBERSECURITY, THE CREATIVE STUDIO EXPERIENCE, AND THE GAME STUDIO EXPERIENCE. EACH CENTER CONNECTS CHAMPLAIN TO THE GREATER BURLINGTON COMMUNITY AND THE WORLD THROUGH ITS SPECIFIC SKILL SET AND EXPERTISE, TURNING THEORY INTO PRACTICE. THE CENTERS ENTRUST STUDENTS WITH RESPONSIBILITY, ENGAGE THEM IN AMBITIOUS GOALS AND EMPOWER THEM WITH LEADERSHIP QUALITIES, SUCH AS CREATIVITY, CONFIDENCE, INSIGHT AND INTEGRITY. THE COLLEGE CURRENTLY HAS ABOUT 1,700 TRADITIONAL UNDERGRADUATE STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES. FORM 990, PART III, LINE 4B AUXILIARY ENTERPRISES - RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 20 TRADITIONAL RESIDENCE HALLS AND 9 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHITECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOU'LL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. CHAMPLAIN BELIEVES THAT PROVIDING HOUSING ENABLES THE COLLEGE TO PROVIDE STUDENTS WITH A MORE WELL-ROUNDED EDUCATIONAL EXPERIENCE AND CONTRIBUTES TO GETTING STUDENTS READY FOR LIFE. THE COLLEGE OPERATES A CONFERENCE AND EVENT CENTER WHICH OFFERS A VENUE FOR SPECIAL EVENTS, MEETINGS AND CONFERENCES. ADDITIONALLY, THE COLLEGE'S BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). FORM 990, PART III, LINE 4C CHAMPLAIN COLLEGE ONLINE (CCO) OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS ONLINE TO ADULT LEARNERS WITH DEGREES IN BUSINESS, CYBERSECURITY, GAMING, HEALTHCARE AND INFORMATION TECHNOLOGY. CCO PROGRAMS ARE TAILORED TO THE NEEDS OF AN ADULT STUDENT POPULATION; THEY TAKE INTO ACCOUNT THE VALUE OF PRIOR EDUCATION AND PROFESSIONAL EXPERIENCES. CCO ALSO HOUSES THE COLLEGE'S TRU-ED PROGRAM. TRU-ED IS A BOLD REIMAGING OF WORKFORCE DEVELOPMENT THAT CREATES OPPORTUNITIES FOR ADULTS TO FURTHER THEIR EDUCATION IN CHAMPLAIN COLLEGE'S AWARD-WINNING ONLINE ACADEMIC PROGRAMS AND BRINGS TALENT MANAGEMENT AND FORWARD-THINKING WORKFORCE DEVELOPMENT SOLUTIONS TO EMPLOYERS. THROUGH STRATEGIC ALLIANCES WITH LEADING ORGANIZATIONS IN GOVERNMENT AND INDUSTRY, CHAMPLAIN COLLEGE ONLINE DELIVERS AN AFFORDABLE, ACCESSIBLE AND IMMEDIATELY APPLICABLE HIGHER EDUCATION TO HELP EMPLOYEES GAIN THE SKILLS AND KNOWLEDGE NEEDED TO ENHANCE THEIR CAREERS AND ACHIEVE THEIR ORGANIZATION'S BUSINESS OBJECTIVES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE ACCOUNTING STAFF AT THE COLLEGE IS RESPONSIBLE FOR GATHERING AND DRAFTING THE INFORMATION TO POPULATE THE FORM 990 IN CONJUNCTION WITH KPMG LLP, INDEPENDENT ACCOUNTANTS. ONCE THE DRAFT IS COMPLETED, IT IS REVIEWED BY THE ASSISTANT TREASURER AND TREASURER. THE COLLEGE ELECTRONICALLY DISTRIBUTES, VIA THE BOARD BOOK, A COMPLETE COPY OF ITS FORM 990 TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE COLLEGE HAS A STATEMENT OF POLICY REGARDING CONFLICT OF INTEREST FOR THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES. ATTACHED TO THE CONFLICT OF INTEREST STATEMENT IS A SCHEDULE OF ALL TRUSTEE, OFFICER AND/OR KEY EMPLOYEES OF THE COLLEGE, AND INDIVIDUALS AND ENTITIES WHO HAVE OR HAVE HAD KEY BUSINESS RELATIONSHIPS WITH THE COLLEGE (E.G., INVESTMENT MANAGERS, LENDERS, OTHER FINANCIAL INSTITUTIONS, KEY VENDORS PROVIDING EITHER GOODS OR SERVICES TO THE COLLEGE). UPON JOINING THE BOARD OF TRUSTEES AND ANNUALLY THEREAFTER, EACH MEMBER OF THE BOARD MUST REVIEW THE SCHEDULE AND COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF ANY CONFLICT OF INTEREST EXISTS BY A VOTING MEMBER OF THE COMMITTEE OR BOARD OF TRUSTEES, THEY MUST RECUSE THEMSELVES OF MATTERS PERTAINING TO A CONFLICT. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE BY THE TRUSTEE NOT VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY THE COMPENSATION COMMITTEE (THE COMMITTEE) WILL ANNUALLY REVIEW THE REASONABLENESS OF COMPENSATION LEVELS OF ALL OFFICERS ON A POSITION-BY-POSITION BASIS. THE COMMITTEE IS INDEPENDENT AND FREE FROM CONFLICT OF INTEREST. THE COMMITTEE REVIEWS THE NATURE AND SCOPE OF EACH POSITION AND ASSESSES THE BASIS FOR WHICH COMPENSATION IS TO BE PAID TO THE INDIVIDUAL. THE COMMITTEE DETERMINES COMPENSATION FOR ALL OFFICERS, EXCEPT THE PRESIDENT, UPON RECEIPT OF WRITTEN PERFORMANCE REVIEWS AND "VALID MARKET DATA". THE PRESIDENT REVIEWS EACH OFFICER'S PERFORMANCE FOR THE PRIOR YEAR AND SUBMITS A COMPENSATION RECOMMENDATION TO THE COMMITTEE BASED ON A COMBINATION OF "VALID MARKET DATA AND INDIVIDUAL PERFORMANCE. "VALID MARKET DATA" IS DETERMINED USING THE FOLLOWING METHOD: 1.1 DETERMINE THE LIST OF OVERLAP INSTITUTIONS - IDENTIFY OTHER PRIVATE COLLEGES THAT HAVE A HIGH NUMBER OF APPLICANT OVERLAPS WITH CHAMPLAIN. THIS DATA IS FROM THE NATIONAL STUDENT CLEARINGHOUSE, WHICH TRACKS THE COLLEGES TO WHICH STUDENTS APPLY AND ULTIMATELY CHOOSE TO ATTEND. 1.2 USING IRS TAX RETURN DATA (VIA GUIDESTAR), FIND THE MOST RECENT REPORT IDENTIFYING THE MOST HIGHLY COMPENSATED EMPLOYEES AT OVERLAP INSTITUTIONS. 1.3 ADJUST THE REPORTED SALARIES AND BENEFITS BY A PERCENTAGE TO MAKE THEM ROUGHLY COMPARABLE TO CURRENT SALARY DATA. THIS INFLATION FACTOR IS DERIVED FROM NATIONALLY REPORTED HIGHER EDUCATION AVERAGE PAY HIKES IN PAST YEARS. BOTH THE BASE YEAR COMPENSATION, AS WELL AS THE ADJUSTED SALARY, ARE REPORTED BACK TO THE COMMITTEE. 1.4 PROVIDE THE COMMITTEE WITH COMPARISONS OF CHAMPLAIN SALARY AND BENEFITS TO OVERLAP OTHER INSTITUTIONS ON A POSITION-BY-POSITION BASIS NARRATIVE INFORMATION WILL BE PROVIDED, IF SIMILARLY TITLED POSITIONS AT OTHER INSTITUTIONS ARE KNOWN TO DIFFER IN SCOPE OF RESPONSIBILITY. THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE PRESIDENT. THIS REVIEW, COMBINED WITH THE "VALID MARKET DATA" DESCRIBED ABOVE, IS DISCUSSED AND CONSIDERED BY THE COMMITTEE WHEN ARRIVING AT THE PRESIDENT'S ANNUAL COMPENSATION PACKAGE. THE DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF EACH MEETING. THE COMPENSATION PROCEDURES OF THE COLLEGE MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE POLICY THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 145,210. CHANGE IN CONTRIBUTION ALLOWANCE FOR DOUBTFUL ACCOUNTS -530,509. COLLEGE CHAMPLAIN DU VERMONT 525 SHERBROOK STREET EAST MONTREAL QUEBEC CA H2L 1K2 999999999 EDUCATIONAL CA CHAMPLAIN 1 GREEN MTN HIGHER EDUCATION CONSORTIUM 120 GRAHAM WAY SUITE 120 SHELBURNE VT 05482 901113280 SEE PART VII VT 501(C)(3) 9 N/A 0 CHAMPLAIN COLLEGE DUBLIN LIMITED 43 LOWER LEESON STREET DUBLIN EI D02 EH10 999999999 EDUCATIONAL EI CHAMPLAIN C -405514 26806 1.00000 1 CHARITABLE REMAINDER TRUSTS (7) 999999999 CHARITABLE TRUST VT N/A T 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 COLLEGE CHAMPLAIN DU VERMONT D 484305 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED D 3303872 FMV COLLEGE CHAMPLAIN DU VERMONT R 942306 FMV CHAMPLAIN COLLEGE DUBLIN LIMITED R 1012252 FMV PART II, LINE 1, COLUMN (D): THE ORGANIZATION IS A NON-PROFIT ORGANIZATION DESCRIBED IN PARAGRAPH 149(1)(I) OF THE INCOME TAX ACT OF CANADA AND IS EXEMPT FROM TAX. PART II, LINE 2, COLUMN (B): PROMOTING THE EDUCATIONAL PURPOSE AND CONSOLIDATING SERVICES