2026-05-13T16:19:57-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-07-01 141338587 VASSAR COLLEGE VASS 8454377000 124 RAYMOND AVENUE BOX 12 POUGHKEEPSIE NY 12604 ROSEANN DAW AVP, FINANCE & CONTROLLER 8454375886 2026-05-13 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z ELIZABETH HOWE BRADLEY 124 RAYMOND AVENUE BOX 12 POUGHKEEPSIE NY 12604 895051859 0 X WWW.VASSAR.EDU X 1861 NY THE MISSION OF VASSAR COLLEGE IS TO MAKE ACCESSIBLE "THE MEANS OF A THOROUGH, WELL-PROPORTIONED AND LIBERAL EDUCATION" THAT INSPIRES EACH INDIVIDUAL TO LEAD A PURPOSEFUL. 27 26 3715 1425 3996016 141982 74159081 71052248 215561909 233062466 34271461 63135872 3512069 3839626 327504520 371090212 75671471 85009408 0 0 147780796 156465317 94000 33000 14743766 98097888 111440899 321644155 352948624 5860365 18141588 1926108246 2034977708 352800413 355278897 1573307833 1679698811 X THE MISSION OF VASSAR COLLEGE IS TO MAKE ACCESSIBLE "THE MEANS OF A THOROUGH, WELL-PROPORTIONED AND LIBERAL EDUCATION" THAT INSPIRES EACH INDIVIDUAL TO LEAD A PURPOSEFUL LIFE. THE COLLEGE MAKES POSSIBLE AN EDUCATION THAT PROMOTES ANALYTICAL, INFORMED, AND INDEPENDENT THINKING AND SOUND JUDGMENT; ENCOURAGES ARTICULATE EXPRESSION; AND NURTURES INTELLECTUAL CURIOSITY, CREATIVITY, RESPECTFUL DEBATE AND ENGAGED CITIZENSHIP. VASSAR SUPPORTS A HIGH STANDARD OF ENGAGEMENT IN TEACHING AND LEARNING, SCHOLARSHIP AND ARTISTIC ENDEAVOR; A BROAD AND DEEP CURRICULUM; AND A RESIDENTIAL CAMPUS THAT FOSTERS A LEARNING COMMUNITY. FOUNDED IN 1861 TO PROVIDE WOMEN AN EDUCATION EQUAL TO THAT ONCE AVAILABLE ONLY TO MEN, VASSAR IS NOW OPEN TO ALL AND STRIVES TO PURSUE DIVERSITY, INCLUSION, AND EQUITY AS ESSENTIAL COMPONENTS OF A RICH INTELLECTUAL AND CULTURAL ENVIRONMENT IN WHICH ALL MEMBERS, INCLUDING THOSE FROM UNDERREPRESENTED AND MARGINALIZED GROUPS, ARE VALUED AND EMPOWERED TO THRIVE. 0 0 176911697 84799240 183463928 INSTRUCTION - SEE SCHEDULE OINSTRUCTION - VASSAR FOSTERS INTELLECTUAL OPENNESS AND EXPLORATION THROUGH ITS VARIED COURSE OFFERINGS WHICH INCLUDES 30 DEPARTMENTS, 3 INTERDEPARTMENTAL PROGRAMS, 14 MULTIDISCIPLINARY PROGRAMS, THE INTERDISCIPLINARY INDEPENDENT PROGRAM, STUDY ABROAD PROGRAMS AND 50 MAJORS OFFERING OVER 1,000 COURSES. STUDENTS ARE ENCOURAGED TO DEVELOP DIFFERENT PERSPECTIVES THROUGH ENGAGING IN DIALOGUE WITH FACULTY AND FELLOW STUDENTS, WORKING ON CLOSELY MENTORED INDEPENDENT RESEARCH AND CREATIVE PROJECTS, AND PARTICIPATING IN VARIOUS FORMS OF COMMUNITY-ENGAGED LEARNING, ALL OF WHICH ENABLE THEM TO ACHIEVE THE INSIGHT AND CONFIDENCE NEEDED TO FUNCTION MOST EFFECTIVELY IN TODAY'S COMPLEX WORLD. THE COLLEGE ADMITS STUDENTS IN EARLY AND REGULAR DECISION WITHOUT CONSIDERATION FOR THE STUDENT'S ABILITY TO PAY THEN MEETS THE FULL DEMONSTRATED NEED OF THE STUDENT FOR ALL FOUR YEARS OF THEIR EDUCATION. THIS GENEROUS FINANCIAL AID PROGRAM IS ENABLED BY THE COLLEGE'S ENDOWMENT WITH ABOUT $85M OF AID AND $70M OF ENDOWMENT DRAWN A YEAR. 39897113 0 0 ACADEMIC SERVICES - SEE SCHEDULE OACADEMIC SERVICES - THE COLLEGE PROVIDES SIGNIFICANT ACADEMIC SUPPORT SERVICES TO ENHANCE AND STRENGTHEN STUDENTS' EDUCATIONAL EXPERIENCES AND OUTCOMES. THIS INCLUDES FACULTY ADVISING FROM NEW STUDENT ORIENTATION THROUGH GRADUATION, A LIBRARY WITH MORE THAN A MILLION BOOKS AND ACCESS TO THOUSANDS OF ONLINE JOURNALS, AN ART MUSEUM THAT SUPPORTS EDUCATION THROUGH THE PRESERVATION, DOCUMENTATION, INTERPRETATION, PRESENTATION, AND DEVELOPMENT OF ITS COLLECTIONS; A ROBUST INTERNATIONAL PROGRAMS OFFICE THAT SUPPORTS STUDENTS' GLOBAL EDUCATION, AS WELL AS MANY OTHER SUPPORT RESOURCES THAT IMPROVE STUDENT OUTCOMES. THESE ROBUST ACADEMIC SUPPORT SERVICES CONTRIBUTE TO VASSAR'S OVERALL FOUR-YEAR GRADUATION RATE OF APPROXIMATELY 90% AND 6-YEAR GRADUATION RATE THAT OFTEN EXCEEDS 90%. APPROXIMATELY 20% OF VASSAR'S STUDENTS ARE PELL RECIPIENTS WHO HAVE SIMILAR GRADUATION RATES. 34669387 0 31092053 STUDENT SERVICES - SEE SCHEDULE OSTUDENT SERVICES - AS A RESIDENTIAL COLLEGE, VASSAR IS COMMITTED TO PROVIDING SUPPORT SERVICES TO HELP STUDENTS MAKE THE MOST OF THEIR TIME AT VASSAR. THE DIVISION OF THE DEAN OF THE COLLEGE PROVIDES AND COORDINATES SERVICES THAT IMPROVE THE QUALITY OF ACADEMIC AND CO-CURRICULAR STUDENT LIFE. THESE SERVICES INCLUDE A ROBUST RESIDENTIAL LIFE PROGRAM, WHICH INCLUDES FACULTY AND STAFF DELIVERING PROGRAMMING TO ENHANCE THE ON-CAMPUS STUDENT EXPERIENCE. THIS ALSO INCLUDES MEDICAL AND MENTAL HEALTH SERVICES TO HELP STUDENTS MAINTAIN THEIR HOLISTIC WELL-BEING THROUGH GRADUATION AS WELL AS CAREER EDUCATION SERVICES, WHICH HELP STUDENTS PLAN FOR THEIR POST-GRADUATION CAREER. THESE SERVICES CONTRIBUTE TO THE HIGH GRADUATION AND RETENTION RATES AND ALSO CONTRIBUTE TO HIGH JOB AND GRADUATE SCHOOL PLACEMENT RATES. OVER 90% OF STUDENTS ARE EMPLOYED, ENROLLED IN GRADUATE SCHOOL, OR RECEIVE A COMPETITIVE FELLOWSHIP WITHIN 6-MONTHS OF GRADUATION. 26725898 210168 19513922 OTHER PROGRAM SERVICES INCLUDE RESEARCH EXPENDITURES, GENERAL PROGRAM OVERHEAD COSTS, AND AUXILIARY ENTERPRISE REVENUE AND EXPENDITURES. 26725898 210168 19513922 278204095 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 X 3707 0 1 3715 1 1 1 1 EI FR IT SP 0 0 0 0 0 0 0 0 0 1 X 27 26 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CO MA MI MN NH OH SC WA X X ROSEANN DAW 8454375886 124 RAYMOND AVENUE BOX 12 POUGHKEEPSIE NY 12604 X ELIZABETH HOWE BRADLEY PRESIDENT & TRUSTEE 40.00 0.00 X X 722334 0 154776 FRANCESCA AMANN TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 ERIC BERINGAUSE TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 JASON BLUM TRUSTEE 2.00 0.00 X 0 0 0 ERNIE CEBERIO TRUSTEE 2.00 0.00 X 0 0 0 SHARON CHANG TRUSTEE AND BOARD CHAIR 10.00 0.00 X 0 0 0 DELIA CHEUNG HOM TRUSTEE 2.00 0.00 X 0 0 0 WINSTON CLEMENT TRUSTEE 2.00 0.00 X 0 0 0 EVE DEROSA TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 PATRICK DEYOUNG TRUSTEE 2.00 0.00 X 0 0 0 BRIAN FARKAS TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 LEE FEINSTEIN TRUSTEE 2.00 0.00 X 0 0 0 ROBYN FIELD TRUSTEE 2.00 0.00 X 0 0 0 TYRONE FORMAN TRUSTEE 2.00 0.00 X 0 0 0 ANNE GREEN TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 AMY GUERLY TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER HAAS TRUSTEE 2.00 0.00 X 0 0 0 LESLIE JACKSON CHIHULY TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 ERIC LIU TRUSTEE 2.00 0.00 X 0 0 0 SUSANNE LYONS TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 JOHN MCCORMICK TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 CAROL S OSTROW TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 CYNTHIA PATTON TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 KATHY PUTNAM TRUSTEE 2.00 0.00 X 0 0 0 ALEXANDRA SHIVA TRUSTEE 2.00 0.00 X 0 0 0 KERRY TATLOCK TRUSTEE AND COMMITTEE CHAIR 4.00 0.00 X 0 0 0 MONICA VACHHER TRUSTEE 2.00 0.00 X 0 0 0 TIMOTHY KANE VP FOR ADVANCEMENT 40.00 0.00 X 407033 0 80065 BRYAN A SWARTHOUT VP FOR FINANCE & ADMINISTRATION 40.00 0.00 X 370963 0 75393 CARLOS LEONCIO GARCIA - VP FOR TECH. & HR / CHIEF INFO. OFFICER 40.00 0.00 X 307200 0 71700 CARLOS ALAMO DEAN OF COLLEGE 40.00 0.00 X 304569 0 62497 SHAY HUMPHREY GENERAL COUNSEL 40.00 0.00 X 293094 0 48307 VICTORIA GRANTHAM VP FOR COMMUNICATIONS 40.00 0.00 X 280242 0 33635 SONYA SMITH - DEAN OF ADMIN & STUDENT FIN. SERVICES 40.00 0.00 X 265177 0 45149 MARIANNE BEGEMANN - DEAN OF STRAT. PLANNING & ACADEMIC RESOURCES 40.00 0.00 X 261988 0 45854 ANGELIQUE CRUMP CONTROLLER (THRU 06/2025) 40.00 0.00 X 196778 0 61522 BRIAN DALY INT. DEAN OF FACULTY (AS OF 07/2024) 40.00 0.00 X 217583 0 33285 GLADWYN LOPEZ - AVP DEPUTY TO THE VP FOR COMMUNICATIONS 40.00 0.00 X 172837 0 57954 WESLEY DIXON SECRETARY OF THE BOARD 40.00 0.00 X 187153 0 30392 WILLIAM HOYNES PROFESSOR OF SOCIOLOGY 40.00 0.00 X 315064 0 64980 ROBERT K BRIGHAM PROFESSOR OF HISTORY 40.00 0.00 X 292628 0 67845 ROBERT DEMARIA PROFESSOR OF ENGLISH 40.00 0.00 X 270799 0 61857 DAVID A KENNETT PROFESSOR OF ECONOMICS 40.00 0.00 X 245125 0 56052 LIZABETH PARAVISINI-GEBERT PROFESSOR OF HISPANIC STUDIES 40.00 0.00 X 228677 0 41680 5339244 0 1092943 274 0 1 0 CONSIGLI CONSTRUCTION CO INC 72 SUMNER ST MILFORD MA 01757 GENERAL CONTRACTORS 15763722 COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 8095915 DANIEL O'CONNELL'S SONS 800 KELLY WAY HOLYOKE MA 01040 CONSTRUCTION SERVICES 7816133 HALL CAP PARTNERS LLC 1 MARITIME PLZ 5TH FL STE 500 SAN FRANCISCO CA 94111 INVESTMENT MANAGEMENT 4889209 DIRECT ENERGY MARKETING INC PO BOX 32179 NEW YORK NY 100872179 CONSULTING SERVICES 1500943 161 4629808 66422440 18718798 71052248 TUITION AND FEES 611310 183463928 183463928 ROOM AND BOARD 611310 43229411 43229411 AUXILIARY REVENUE 611310 3467867 1240622 2227245 OTHER PROGRAM REVENUE 611310 2901260 2901260 233062466 23379317 1768771 21610546 3259355 702421 2556934 2556934 2556934 561014295 1109569 521398545 968764 39615750 140805 39756555 39756555 1899354 891917 1007437 1007437 COMMISSION REVENUE 900099 275255 275255 275255 371090212 231842658 3996016 64199290 210168 210168 83941045 83941045 858195 858195 4837243 2922933 1227502 686808 107793817 86235054 16169072 5389691 8717456 7191901 1089682 435873 27005038 22279156 3375630 1350252 8111763 6489411 1216764 405588 338039 338039 407768 407768 77083 77083 33000 33000 18429731 18429731 8671615 5172136 437435 3062044 205700 148104 10285 47311 10458589 6360815 3627342 470432 5378644 5376821 1527 296 6668 3535 3133 9799876 6075923 3625954 97999 4323400 2680508 475574 1167318 3257571 1339532 1105956 812083 11147448 9163586 1785476 198386 19187317 15771975 3073808 341534 1768618 541649 1034724 192245 FOOD SERVICE 7041364 5285543 1755821 JYA PROGRAMS 5778035 5778035 LIBRARY MATERIALS 1943930 1943930 MEMBERSHIPS 545030 288700 219386 36944 2674473 2068357 590154 15962 352948624 278204095 60000763 14743766 10153793 17218662 21664281 44512829 19174551 15470759 363026 250777 1495285 1452820 676564 762866 6516401 7194333 1015513187 469631108 535193371 545882079 300067015 355764214 1018469141 1029852172 12334818 16616197 1926108246 2034977708 24665895 27545552 1763826 2219581 175234774 172824283 102200000 102200000 48935918 50489481 352800413 355278897 X 384831561 418375347 1188476272 1261323464 1573307833 1679698811 1926108246 2034977708 X 18141588 87206595 1042795 X 0 1 X 1 1 1 X 43734745 51242669 45174736 74159081 71052248 285363479 43734745 51242669 45174736 74159081 71052248 285363479 32443891 252919588 11701634 10650411 13830201 17490036 24869901 78542183 365741 2182107 958964 153014 3996016 7655842 118863 218676 274815 292231 275255 1179840 372741344 1037027453 0.67850 0.69530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: COMMISSION REVENUE - 2020 AMOUNT: $ 118,863. 2021 AMOUNT: $ 218,676. 2022 AMOUNT: $ 274,815. 2023 AMOUNT: $ 292,231. 2024 AMOUNT: $ 275,255. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 77083 77083 0 PART II-B, LINE 1: DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE COLLEGE ENGAGED IN DIRECT LOBBYING ACTIVITIES THROUGH A RETAINED GOVERNMENT AFFAIRS FIRM, ACG ADVOCACY LLC, AT A COST OF $75,000. THESE ACTIVITIES CONSISTED OF DIRECT COMMUNICATION WITH MEMBERS OF CONGRESS AND THEIR STAFF TO BUILD AND MAINTAIN RELATIONSHIPS AND TO PROVIDE FIRSTHAND INFORMATION ABOUT THE COLLEGE'S OPERATIONS, MISSION, AND STUDENT POPULATION IN ORDER TO INFORM FEDERAL POLICY DECISIONS AFFECTING HIGHER EDUCATION, INCLUDING MATTERS RELATED TO ENDOWMENT TAXATION, FEDERAL FUNDING FOR HIGHER EDUCATION, AND RELATED LEGISLATIVE AND REGULATORY DEVELOPMENTS. IN ADDITION, THE COLLEGE PAID DUES TO THE FOLLOWING MEMBERSHIP ORGANIZATIONS, A PORTION OF WHICH WAS USED FOR LOBBYING ACTIVITIES, AS REPORTED BY THOSE ORGANIZATIONS PURSUANT TO IRC 6033(E): - NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU): $19,500 IN DUES PAID; $1,365 (7.0%) ALLOCATED TO LOBBYING. - COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES (CICU): $16,437 IN DUES PAID; $679 (4.1%) ALLOCATED TO LOBBYING. - NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO): $7,994 IN DUES PAID; $40 (0.50%) ALLOCATED TO LOBBYING. TOTAL LOBBYING EXPENDITURES FOR THE FISCAL YEAR: $77,083 SCHEDULE C, PART II-B, LINE 1 THE COLLEGE PAYS MEMBERSHIP DUES TO SEVERAL ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. EXPENSES ARE NOT READILY DETERMINABLE, BUT ARE LESS THAN $5,000. X 1 1.00 0 0 0 1 0 12.00 0 1 2205104 84611718 X X X X X INSTRUCTION 1 1300989120 31363391 128269628 2574587 64241951 1393805601 1224163708 30416429 111415274 2413156 62593135 1300989120 1196336464 16942767 73171587 2626174 59660936 1224163708 1378988146 10499826 -134576896 2573660 56000952 1196336464 1097975650 13130757 326021010 2399959 55739312 1378988146 0.14920 0.37600 0.47480 1 0 539843 1635430 2175273 3904603 692000217 297960282 397944538 1836800 1836800 84184871 70465487 13719384 231411423 101205339 130206084 545882079 VENTURE CAPITAL 662017009 F HEDGE FUNDS 258931295 F REAL ESTATE, OIL AND GAS 108343868 F MARKETABLE REAL ESTATE 560000 F 1029852172 ACCRUED POSTRETIREMENT BENEFIT OBLIGATIONS 24562114 ASSET RETIREMENT OBLIGATIONS 12680590 PRESENT VALUE OF BENEFICIARY PAYMENTS DUE 8329116 FINANCE LEASE LIABILITY 3778198 DEPOSITS HELD FOR OTHERS 988570 REFUNDABLE GOVERNMENT LOAN FUNDS 150893 50489481 X 359749614 87206595 -81009379 6197216 353552398 18429731 -891917 17537814 371090212 253358636 891917 891917 252466719 18429731 82052174 100481905 352948624 PART II, LINE 9: THE COLLEGE'S CONSERVATION EASEMENT HAS NO ATTRIBUTED VALUE AND IS NOT RECORDED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE COLLEGE'S FRANCES LEHMAN LOEB ART CENTER MAINTAINS COLLECTIONS OF PAINTINGS, SCULPTURES, PRINTS PHOTOGRAPHS AND CERAMICS FOR USE BY FACULTY AND STUDENTS AS A COMPLEMENT TO THE CURRICULUM IN A VARIETY OF INSTRUCTIONAL DISCIPLINES. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE MAINTAINED ACCORDING TO DONOR RESTRICTIONS AND EARNINGS ARE USED TO SUPPORT SCHOLARSHIPS AND A VARIETY OF PROGRAMS INCLUDING INSTRUCTION, RESEARCH AND ACADEMIC SUPPORT. PART X, LINE 2: THE COLLEGE GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP PERMITS AN ORGANIZATION TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAXING AUTHORITIES. TAX POSITIONS DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS AND BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -82,052,174. ADJUSTMENT FOR PENSION LIABILITY 3,136,933. POSTRETIREMENT BENEFITS CHANGES OTHER THAN NET PERIODIC BENEFITS COST -2,094,138. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -891,917. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 891,917. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 82,052,174. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 VASSAR COLLEGE PUBLICIZES ITS NON-DISCRIMINATORY POLICY VIA BROCHURES MAILED TO ALL VASSAR COLLEGE POTENTIAL STUDENTS AS WELL AS ON THE COLLEGES WEBSITE. SCHEDULE E, PART I, LINE 6 VASSAR COLLEGE PARTICIPATES IN THE U.S. DEPARTMENT OF EDUCATION TITLE IV AID PROGRAMS AND REGULARLY RECEIVES AWARDS FOR RESEARCH FROM SEVERAL FEDERAL AGENCIES. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 4 4 PROGRAM SERVICES ACADEMIC INSTRUCTION 1399868 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS 858195 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 301857295 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 51065163 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 11587190 NORTH AMERICA 0 0 INVESTMENTS 5455055 4 4 0 0 4 4 372222766 0 372222766 SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 29 858195 WIRE 1 0 1 1 1 0 PART I, LINE 2: STUDENTS WHO ARE AWARDED SCHOLARSHIPS HAVE FUNDS CREDITED TO THEIR ACCOUNT AND USE IS RESTRICTED TO PURPOSES RELATED TO ENROLLMENT IN A PROGRAM OF STUDY. PART I, LINE 3: EXPENSES ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING AND INVESTMENTS ARE ACCOUNTED FOR USING THE FAIR MARKET VALUE. PART IV: THE COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S ACTIVITIES MAY NOT REACH THRESHOLDS REQUIRED FOR FILING FORMS 926, 5471, 5713, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990T. X X X X X X 1 WASHBURN AND MCGOLDRICK LLC 24 N BRYN MAWR AVE BRYN MAWR PA 19010 CONSULTING 0 0 33000 0 33000 AK AL AR AZ CO CT DC HI MA ME MI MN MS NC NH NJ NV NY OH OR PA SC UT VA WA SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE PROFESSIONAL FUNDRAISERS WERE ENGAGED TO PROVIDE FUNDRAISING CONSULTING SERVICES TO THE COLLEGE AND WERE NOT ENGAGED TO COLLECT CONTRIBUTIONS OR RUN A CAMPAIGN ON BEHALF OF THE COLLEGE. 1 CLIMATE VAULT INC 5757 S UNIVERSITY AVE CHICAGO IL 60637 854211960 501(C)(3) 101230 0 GRANT TO SUPPORT THE ORGANIZATION'S MISSION THE ART EFFECT OF THE HUDSON VALLEY INC 45 PERSHING AVENUE POUGHKEEPSIE NY 12601 222538177 501(C)(3) 9000 0 GRANT TO SUPPORT THE ORGANIZATION'S MISSION ANGELS OF LIGHT 28 FRONT STREET MILLBROOK NY 12545 475677082 501(C)(3) 6610 0 GRANT TO SUPPORT THE ORGANIZATION'S MISSION BRIELLE GRACE BREAST CANCER FOUNDATION INC PO BOX 481 FISHKILL NY 12524 830806060 501(C)(3) 6610 0 GRANT TO SUPPORT THE ORGANIZATION'S MISSION DUTCHESS COUNTY PRIDE CENTER INC 1085 ROUTE 55 UNIT 401 LAGRANGEVILLE NY 12540 831955663 501(C)(3) 6610 0 GRANT TO SUPPORT THE ORGANIZATION'S MISSION ULSTER IMMIGRANT DEFENSE NETWORK INC 30 PINE GROVE AVENUE KINGSTON NY 12401 850854210 501(C)(3) 6610 0 GRANT TO SUPPORT THE ORGANIZATION'S MISSION 6 0 SCHOLARSHIPS - TUITION RELATED 1402 83027730 FELLOWSHIPS 246 874397 SCHOLARSHIPS - NURSERY SCHOOL & OTHER AID 52 38918 PART I, LINE 2: VASSAR COLLEGE RAISES FUNDS FOR, AND MAKES CONTRIBUTIONS TO, A WIDE VARIETY OF 501(C)(3) ORGANIZATIONS IN THE GREATER POUGHKEEPSIE AREA. THESE ORGANIZATIONS ARE SELECTED ANNUALLY BY A COMMITTEE OF EMPLOYEES AND STUDENTS AFTER REVIEW OF THEIR ACTIVITIES AND MISSION. EMPLOYEES AND STUDENTS ALSO VOLUNTEER TIME AT EACH ORGANIZATION. FUNDS ARE COLLECTED ANNUALLY FROM THE GIFTS OF EMPLOYEES, STUDENTS, TRUSTEES AND FRIENDS OF VASSAR AS PART OF THE "COMMUNITY WORKS" CAMPAIGN. VASSAR ALSO MAKES SMALL CONTRIBUTIONS TO OTHER LOCAL NON-PROFIT AND GOVERNMENTAL ENTITIES WHO ARE NOT PART OF THE CAMPAIGN. PART III: STUDENTS WHO ARE AWARDED SCHOLARSHIPS HAVE FUNDS CREDITED TO THEIR ACCOUNT AND THE USE IS RESTRICTED TO PURPOSES RELATED TO ENROLLMENT IN A PROGRAM OF STUDY. RECIPIENTS OF FELLOWSHIPS ARE REQUIRED TO SUBMIT PERIODIC WRITTEN REPORTS OF THEIR ACTIVITIES TO THE COLLEGE. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 ELIZABETH HOWE BRADLEY PRESIDENT & TRUSTEE 716264 0 0 0 6070 0 41400 0 113376 0 877110 0 0 0 TIMOTHY KANE VP FOR ADVANCEMENT 405845 0 0 0 1188 0 41400 0 38665 0 487098 0 0 0 BRYAN A SWARTHOUT VP FOR FINANCE & ADMINISTRATION 347353 0 0 0 23610 0 40424 0 34969 0 446356 0 0 0 WILLIAM HOYNES PROFESSOR OF SOCIOLOGY 313876 0 0 0 1188 0 36418 0 28562 0 380044 0 0 0 CARLOS LEONCIO GARCIA - VP FOR TECH. & HR / CHIEF INFO. OFFICER 307020 0 0 0 180 0 35381 0 36319 0 378900 0 0 0 CARLOS ALAMO DEAN OF COLLEGE 295049 0 0 0 9520 0 35686 0 26811 0 367066 0 0 0 ROBERT K BRIGHAM PROFESSOR OF HISTORY 249696 0 0 0 42932 0 33715 0 34130 0 360473 0 0 0 SHAY HUMPHREY GENERAL COUNSEL 292320 0 0 0 774 0 34799 0 13508 0 341401 0 0 0 ROBERT DEMARIA PROFESSOR OF ENGLISH 265113 0 0 0 5686 0 30168 0 31689 0 332656 0 0 0 VICTORIA GRANTHAM VP FOR COMMUNICATIONS 265869 0 0 0 14373 0 31746 0 1889 0 313877 0 0 0 SONYA SMITH - DEAN OF ADMIN & STUDENT FIN. SERVICES 264763 0 0 0 414 0 31492 0 13657 0 310326 0 0 0 MARIANNE BEGEMANN - DEAN OF STRAT. PLANNING & ACADEMIC RESOURCES 254802 0 0 0 7186 0 29891 0 15963 0 307842 0 0 0 DAVID A KENNETT PROFESSOR OF ECONOMICS 239439 0 0 0 5686 0 27458 0 28594 0 301177 0 0 0 LIZABETH PARAVISINI-GEBERT PROFESSOR OF HISPANIC STUDIES 226641 0 0 0 2036 0 26739 0 14941 0 270357 0 0 0 ANGELIQUE CRUMP CONTROLLER (THRU 06/2025) 196542 0 0 0 236 0 21700 0 39822 0 258300 0 0 0 BRIAN DALY INT. DEAN OF FACULTY (AS OF 07/2024) 214785 0 0 0 2798 0 24837 0 8448 0 250868 0 0 0 GLADWYN LOPEZ - AVP DEPUTY TO THE VP FOR COMMUNICATIONS 169555 0 0 0 3282 0 18907 0 39047 0 230791 0 0 0 WESLEY DIXON SECRETARY OF THE BOARD 186024 0 0 0 1129 0 16766 0 13626 0 217545 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. IN ADDITION, HOUSEKEEPING SERVICE IS ALSO PROVIDED FOR THE PRESIDENT. THE ESTIMATED VALUE OF THIS HOUSING AND HOUSEKEEPING SERVICE IS INCLUDED IN PART II, COLUMN D. PART I, LINE 3 VASSAR PARTICIPATES IN A THIRD PARTY DATA COLLECTION PROCESS WITH 20 PEER COLLEGES. WE SUBMIT DATA ANNUALLY TO A PROFESSIONAL COMPENSATION ANALYST, WHO SUMMARIZES THE DATA AS A RANGE WITH QUARTILES. THE INFORMATION IS PROVIDED TO THE PERSONNEL AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO WILL USE THIS INFORMATION TO DETERMINE RAISES FOR ALL SENIOR OFFICERS AND REPORTS THEIR FINDINGS THROUGH THE PRESIDENT AND THE VICE PRESIDENT FOR TECHNOLOGY AND HUMAN RESOURCES AND CHIEF INFORMATION OFFICER. COMMITTEE RECORDS ARE MAINTAINED BY THE SECRETARY OF THE BOARD OF TRUSTEES FOR THE PERMANENT FILES OF THE BOARD. WE BELIEVE OUR POLICY MEETS THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. A DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 267045JY9 2017-04-25 112120277 REFUND ISSUE DATED 04/18/2007 0 0 0 B DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 273106797 267045NG3 2020-04-02 74206511 REFUNDING & NEW MONEY (SEE NOTES) 0 0 0 A 5400000 112120277 1032568 111087709 2017 1 0 1 1 B 2135000 74434621 795654 23149465 50489502 2023 1 0 1 1 A 0 0 1 1 1 1 0.00100 0.00000 0.00100 0 0 1 B 0 0 1 1 1 1 0.00100 0.00000 0.00100 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 PART I, BOND B, COLUMN F: THE PURPOSE OF THE ISSUE IS TO (I) TO REFUND THE SERIES 2010 BONDS ISSUED: 04/29/2010 (II) CAPITAL IMPROVEMENTS AND (III) PAY COSTS OF ISSUANCE. PART II, BOND B, LINE 3: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INTEREST EARNINGS ON INVESTMENTS OF $228,110. PART II, COLUMN A & B, LINE 11: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS THAT ARE NO LONGER IN ESCROW. PART IV, COLUMN B, LINE 2C: A REBATE COMPUTATION WAS COMPLETED ON 5/4/2024 WITH NO REBATE LIABILITY BEING DUE. X 17 2205104 INDEPENDENT APPRAISALS X 11955 INDEPENDENT APPRAISALS X 1500 COST X 112 16493669 FAIR MARKET VALUE X 1 6570 COST 8 0 1 1 PART I, LINE 32B: GIFTS OF SECURITIES ARE RECEIVED BY REGISTERED BROKERS AND SOLD ON BEHALF OF VASSAR COLLEGE. PROCEEDS FROM SALES ARE DEPOSITED IN THE COLLEGE BANK ACCOUNTS. FORM 990, PART V, LINE 1A: THE TOTAL NUMBER OF 1098-T FORMS INCLUDED ON THIS LINE IS 3,093. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO FORMALLY ESTABLISH THE POSITION OF GENERAL COUNSEL, INCLUDING THE APPOINTMENT PROCESS, REPORTING RELATIONSHIP, AND CORE RESPONSIBILITIES. THE AMENDMENT CLARIFIES THAT THE GENERAL COUNSEL SERVES AS THE COLLEGE'S CHIEF LEGAL OFFICER, IS A MEMBER OF THE SENIOR TEAM, AND IS RESPONSIBLE FOR PROVIDING LEGAL ADVICE, COORDINATING OUTSIDE COUNSEL, AND ADVISING ON RISK MANAGEMENT AND COMPLIANCE MATTERS. FORM 990, PART VI, SECTION A, LINE 7B UNDER A SHARED GOVERNANCE MODEL, THE BOARD DELEGATES RESPONSIBILITY, WITH ACCOUNTABILITY, OF CERTAIN MATTERS, TO THE FACULTY, STUDENTS, THE ALUMNAE AND ALUMNI OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES DELEGATES THE RESPONSIBILITY OF OVERSIGHT OF THE PREPARATION OF FORM 990 TO THE AUDIT COMMITTEE WHICH REVIEWS THE ENTIRE FORM 990 AS A DRAFT PRIOR TO SUBMISSION. THE FINAL VERSION, EXCLUDING SCHEDULE B, IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C VASSAR COLLEGE ISSUES CONFLICT OF INTEREST QUESTIONNAIRES TO OFFICERS, DIRECTORS, TRUSTEES AND OTHER MEMBERS OF THE FACULTY AND ADMINISTRATION WITH SIGNIFICANT BUDGETARY RESPONSIBILITIES. ONCE THE COMPLETED FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD AND REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE CHAIR OF THE BOARD, AND THE CHAIR OF THE AUDIT COMMITTEE, THE COLLEGE RESPONDS TO ANY DISCLOSURES WITH APPROPRIATE ACTION INCLUDING REQUIRING PERSONS TO RECUSE THEMSELVES FROM INVOLVEMENT WITH ANY DECISIONS FOR WHICH THE RELATIONSHIP WOULD REPRESENT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 VASSAR PARTICIPATES IN A THIRD PARTY DATA COLLECTION PROCESS WITH 20 PEER COLLEGES. WE SUBMIT DATA ANNUALLY TO A PROFESSIONAL COMPENSATION ANALYST, WHO SUMMARIZES THE DATA AS A RANGE WITH QUARTILES. THE INFORMATION IS PROVIDED TO THE PERSONNEL AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO WILL USE THIS INFORMATION TO DETERMINE RAISES FOR ALL SENIOR OFFICERS AND REPORTS THEIR FINDINGS THROUGH THE PRESIDENT AND THE VICE PRESIDENT FOR TECHNOLOGY AND HUMAN RESOURCES AND CHIEF INFORMATION OFFICER. COMMITTEE RECORDS ARE MAINTAINED BY THE SECRETARY OF THE BOARD OF TRUSTEES FOR THE PERMANENT FILES OF THE BOARD. WE BELIEVE OUR POLICY MEETS THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 VASSAR PUBLISHES ITS GOVERNING DOCUMENTS IN PRINT AND ONLINE, THE CONFLICT OF INTEREST POLICY IS PUBLISHED ONLINE, AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ONLINE AND IN PRINT FORM BY REQUEST. FORM 990, PART VII, SECTION A, LINE 1A: THE OFFICERS NOTED ON PART VII ARE THE CORPORATE OFFICERS OF THE COLLEGE WHO MANAGE THE DAILY OPERATIONS AND DO NOT INCLUDE BOARD OFFICERS WHO OVERSEE THE AFFAIRS OF THE COLLEGE. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFITS CHANGES OTHER THAN NET PERIODIC BENEFITS COST -2,094,138. ADJUSTMENT FOR PENSION LIABILITY 3,136,933. COLLEGE PROPERTIES LLC 124 RAYMOND AVENUE BOX 655 POUGHKEEPSIE NY 12604 141817534 REALTY INVESTMENT NY 288521 8569370 VASSAR COLLEGE POOLED INCOME FUNDS (3) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 0 CHARITABLE REMAINDER UNITRUSTS (12) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 0 CHARITABLE REMAINDER ANNUITY TRUSTS (2) 124 RAYMOND AVENUE POUGHKEEPSIE NY 12604 INVESTMENT SUPPORT NY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUNDS (3) S 80437 FAIR MARKET VALUE