2024-05-01T14:33:34-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2022-07-01 030179419 GODDARD COLLEGE GODD 8024548311 123 PITKIN ROAD PLAINFIELD VT 05667 DANNY HOCOY PRESIDENT 8024548311 2024-04-23 1 DANNY HOCOY 999009999 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-04-23 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANNY HOCOY 123 PITKIN ROAD PLAINFIELD VT 05667 7369654 0 X GODDARD.EDU X 1984 VT TO ADVANCE CULTURES OF RIGOROUS INQUIRY, COLLABORATION, AND LIFELONG LEARNING, WHERE INDIVIDUALS TAKE IMAGINATIVE AND RESPONSIBLE ACTION IN THE WORLD. 11 9 157 0 0 0 1865928 391947 6983462 6905453 28460 72254 0 0 8877850 7369654 255632 247612 0 0 5194112 4551165 0 0 0 3301105 2983710 8750849 7782487 127001 -412833 9329154 8815601 2906119 2698490 6423035 6117111 X TO ADVANCE CULTURES OF RIGOROUS INQUIRY, COLLABORATION, AND LIFELONG LEARNING, WHERE INDIVIDUALS TAKE IMAGINATIVE AND RESPONSIBLE ACTION IN THE WORLD. 0 0 2855618 247612 6905453 PROGRAM SERVICE EXPENSES REPRESENT THE COSTS OF PROVIDING A COLLEGE LEVEL EDUCATION TO THE STUDENTS ENROLLED AT THE COLLEGE.AT GODDARD YOU WILL ENCOUNTER A UNIQUE LEARNING ENVIRONMENT: YOU WILL BE ENCOURAGED TO PURSUE YOUR PASSIONS AND BE SUPPORTED BY EXPERT FACULTY AND DEDICATED STAFF. YOU WILL COMPLETE A BACHELOR'S OR A MASTER'S DEGREE WITH AN INDIVIDUALIZED PROGRAM OF STUDY THAT INTEGRATES PERSONAL INTERESTS, PROFESSIONAL COMMITMENTS, AND CREATIVE ASPIRATIONS.GODDARD PROGRAMS ENGAGE STUDENTS IN LEARNING THAT IS PERSONALLY MEANINGFUL AND SOCIALLY RESPONSIVE. EACH PERSON WHO COMES TO GODDARD COLLEGE ENTERS A COLLABORATIVE COMMUNITY THAT IS COMMITTED TO ACHIEVING ACADEMIC EXCELLENCE, DEEPENING INTELLECTUAL CURIOUSITY AND DEVELOPING THE SKILLS NEEDED TO PROMOTE SOCIAL JUSTICE.GODDARD IS NATIONALLY AND INTERNATIONALLY RECOGNIZED FOR ITS LEADERSHIP IN EDUCATIONAL INNOVATION, ITS DEEP COMMITMENT TO THE IDEALS OF DEMOCRACY AND FOR ITS ACTIVE EFFORTS TO LIVE CONSCIOUSLY AS STEWARDS OF THE EARTH. 2855618 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 157 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X THE ORGANIZATION 8024548311 123 PITKIN ROAD PLAINFIELD VT 05667 ANTHONY HOLLIDAY JR TRUSTEE 1.00 X 0 0 0 NICOLETTE STOSUR-BASSETT TRUSTEE 1.00 X 0 0 0 RENEE ALMATIERRA TRUSTEE (UNTIL APR '23) 1.00 X 44776 0 7167 KATHY JELLY TRUSTEE (UNTIL OCT '22) 1.00 X 0 0 0 DARYL CAMPBELL TRUSTEE (UNTIL OCT '22) 1.00 X 0 0 0 ALISHA RABY-CEFALO TRUSTEE (SINCE JUN '23) 1.00 X 39212 0 11423 TRISTIN RUTHERFORD TRUSTEE (SINCE OCT '22) 1.00 X 0 0 0 BERNIE LUSKIN PHD TRUSTEE (UNTIL OCT '22) 1.00 X 0 0 0 DENNIS RUSH TRUSTEE (SINCE OCT '22) 1.00 X 0 0 0 JOSEPH ORANGE TRUSTEE (UNTIL OCT '22) 1.00 X 0 0 0 TRACY GARRETT FACULTY TRUSTEE 1.00 X 57140 0 6880 MIKE CAIRNS TREASURER 2.00 X X 0 0 0 GLORIA WILLINGHAM-TOURE TRUS/EX-OFFICIO (CHAIR UNTIL OCT '22) 1.00 X X 0 0 0 MARK JONES CHAIRPERSON (SINCE OCT '22) 1.00 X X 0 0 0 DENISE DEZOLT VICE CO-CHAIR (SINCE OCT '22) 1.00 X X 0 0 0 PHYLLIS WORTHY DAWKINS VICE CO-CHAIR 1.00 X X 0 0 0 LEESA STEWART CFAO (UNTIL 5/5/2023) 40.00 X 97255 0 7276 DANNY HOCOY PRESIDENT 40.00 X 228864 0 7167 467247 0 39913 1 0 1 0 RANDALL CONTRACTING INC 153 EAST COBBLE HILL ROAD BARRE VT 05641 CONTRACTOR SERVICES 150248 1 391947 391947 TUITION AND FEES 611310 6724750 6724750 AUXILIARY ENTERPRISES 611310 176472 176472 STUDENT LOAN INTEREST 611310 4231 4231 6905453 72254 72254 7369654 6905453 0 72254 247612 247612 458047 118201 339846 3330633 1839545 1491088 475572 247404 228168 286913 148370 138543 74047 74047 54035 54035 428565 10907 417658 277138 277138 279069 22545 256524 93136 44911 48225 62044 62044 315821 315821 132617 460 132157 MISCELLANEOUS EXPENSE 484101 66657 417444 MEMBERSHIPS & SUBSCRIPT 414160 105106 309054 UTILITIES, POSTAGE & IN 292737 166 292571 SUPPLIES & CATERING 48016 3734 44282 28224 28224 7782487 2855618 4926869 0 2034424 1127546 729410 217868 117903 192610 174657 9834 19100 183848 191856 13637123 9062054 4598903 4575069 964121 3007606 9329154 8815601 206573 289542 526723 313101 1999080 1968892 173743 126955 2906119 2698490 X 5132815 4844150 1290220 1272961 6423035 6117111 9329154 8815601 -412833 106909 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 751629 50460 92880 33300 861669 845266 11154 -104791 751629 816691 3301 198675 140101 33300 845266 1456508 910 68553 48673 660607 816691 1324514 5056 126938 1456508 1.00000 0 0 7053 7053 11714586 7378912 4335674 1813492 1632803 180689 101992 50339 51653 4575069 REFUNDABLE ADVANCES 126955 126955 X 7228951 106909 106909 7122042 247612 247612 7369654 7534875 0 7534875 247612 247612 7782487 PART V, LINE 4: TO SUPPORT OPERATIONS AND SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE IS A NONPROFIT COLLEGE AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE COLLEGE'S EXEMPT FUNCTION. THE COLLEGE MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE COLLEGE'S EXEMPT FUNCTION. AS OF JUNE 30, 2023, MANAGEMENT BELIEVES THAT THE COLLEGE HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE COLLEGE HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF JUNE 30, 2023. THE COLLEGE DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 247,612. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 247,612. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A RACIAL AND NON-DISCRIMINATION POLICY IS STATED IN ALL BROCHURES, CATALOGS, NEWSPAPER AND MAGAZINE ADS. THE POLICY IS ALSO PUBLICIZED IN STUDENT SOLICITATION MATERIALS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID TO AWARD TO ELIGIBLE STUDENTS 1 SCHOLARSHIPS 279 247612 1 X X 0 0 0 0 0 0 0 0 0 DANNY HOCOY PRESIDENT 228864 0 0 0 0 0 0 0 7167 0 236031 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE OF THE BOARD REVIEWS FORM 990 AND THE ENTIRE BOARD OF TRUSTEES IS PROVIDED WITH A COPY OF FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO FILL OUT CONFLICT OF INTEREST FORMS ANNUALLY AND THEY ARE DISCUSSED WITH THE ENTIRE BOARD AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES CHAIR APPOINTS A TASK FORCE THAT REVIEWS THE COMPARABLE COMPENSATION OF OTHER INSTITUTIONS, INCLUDING THE DATA FOR PRIVATE COLLEGE PRESIDENTS' COMPENSATION PUBLISHED ANNUALLY IN THE CHRONICLE OF HIGHER EDUCATION, AND RECOMMENDS APPROPRIATE ACTION TO THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.