Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,090,812

• 1f · All other contributions, gifts and grants

  $23,099,899

• 1g · Noncash contributions included above

  $3,478,855

• 2a · Program service revenue: TUITION AND FEES

  total $143,843,756 · related or exempt $143,843,756

• 2b · Program service revenue: ROOM AND OTHER BOARD

  total $40,195,128 · related or exempt $40,195,128

• 2c · Program service revenue: EDUCATIONAL PERFORMANCES

  total $40,653 · related or exempt $40,653

• 3 · Investment income

  total $5,475,310 · unrelated business $788,639 · excluded $4,686,671

• 5 · Royalties

  total $5,462 · excluded $5,462

• 6a · Gross rents

  real property $771,342

• 6b · Less rental expenses

  real property $550,069

• 6c · Rental income or loss

  real property $221,273

• 6d · Net rental income or loss

  total $221,273 · excluded $221,273

• 7a · Gross sales of assets other than inventory

  securities $166,674,828 · other assets $37,734

• 7b · Less cost or other basis and sales expenses

  securities $148,488,565 · other assets $0

• 7c · Gain or loss

  securities $18,186,263 · other assets $37,734

• 7d · Net gain or loss

  total $18,223,997 · unrelated business $321,241 · excluded $17,902,756

• 10a · Gross sales of inventory

  $262,307

• 10b · Cost of goods sold

  $169,260

• 10c · Net income from sales of inventory

  total $93,047 · related or exempt $93,047

• 11a · Other revenue: STUDENT HEALTH INSURANCE FEES

  total $2,926,797 · related or exempt $2,926,797

• 11b · Other revenue: EDUCATIONAL CONFERENCES

  total $1,891,760 · related or exempt $1,236,389 · unrelated business $655,371

• 11c · Other revenue: FIVE COLLEGE REIMBURSEMENTS

  total $718,031 · related or exempt $718,031

• 11d · All other revenue

  total $2,423,119 · related or exempt $2,263,969 · unrelated business $159,150

• 11e · Other revenue, total

  $7,959,707

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $66,723 · program services $66,723

• 2 · Grants to domestic individuals

  total $72,676,715 · program services $72,676,715

• 3 · Grants to foreign organizations and individuals

  total $13,912,299 · program services $13,912,299

• 5 · Compensation of officers, directors and key employees

  total $3,633,106 · program services $1,159,881 · management and general $2,002,228 · fundraising $470,997

• 7 · Other salaries and wages

  total $88,577,412 · program services $75,253,336 · management and general $9,382,261 · fundraising $3,941,815

• 8 · Pension plan contributions

  total $8,038,425 · program services $6,829,446 · management and general $851,269 · fundraising $357,710

• 9 · Other employee benefits

  total $13,364,069 · program services $11,354,113 · management and general $1,415,255 · fundraising $594,701

• 10 · Payroll taxes

  total $6,363,642 · program services $5,406,550 · management and general $673,910 · fundraising $283,182

• 11a · Fees: management

  total $1,408,625 · program services $596,464 · management and general $706,930 · fundraising $105,231

• 11b · Fees: legal

  total $166,254 · program services $49,284 · management and general $116,970

• 11c · Fees: accounting

  total $225,500 · management and general $225,500

• 11f · Fees: investment management

  total $8,123,655 · management and general $8,123,655

• 11g · Fees: other

  total $9,459,210 · program services $5,168,855 · management and general $4,035,290 · fundraising $255,065

• 12 · Advertising and promotion

  total $115,026 · program services $54,697 · management and general $48,069 · fundraising $12,260

• 13 · Office expenses

  total $3,532,952 · program services $3,005,352 · management and general $326,348 · fundraising $201,252

• 14 · Information technology

  total $2,075,417 · program services $1,043,141 · management and general $942,454 · fundraising $89,822

• 15 · Royalties

  total $2,638 · program services $2,638

• 16 · Occupancy

  total $5,806,561 · program services $5,263,920 · management and general $295,412 · fundraising $247,229

• 17 · Travel

  total $1,848,301 · program services $1,369,687 · management and general $364,575 · fundraising $114,039

• 19 · Conferences, conventions and meetings

  total $407,976 · program services $352,041 · management and general $27,661 · fundraising $28,274

• 20 · Interest

  total $7,181,134 · program services $6,926,213 · management and general $100,056 · fundraising $154,865

• 21 · Payments to affiliates

  total $614,634 · program services $356,135 · management and general $224,437 · fundraising $34,062

• 22 · Depreciation, depletion and amortization

  total $13,113,623 · program services $12,642,685 · management and general $184,843 · fundraising $286,095

• 23 · Insurance

  total $5,280,194 · program services $3,564,243 · management and general $1,674,988 · fundraising $40,963

• 24a · Other expenses: LIBRARY MATERIALS

  total $2,127,095 · program services $2,090,132 · management and general $22,356 · fundraising $14,607

• 24b · Other expenses: ALUMNAE ASSOCIATION SUP

  total $1,932,266 · fundraising $1,932,266

• 24c · Other expenses: EQUIP REPAIRS & MAINTEN

  total $1,211,973 · program services $1,092,987 · management and general $108,652 · fundraising $10,334

• 24e · All other expenses

  total $8,303,564 · program services $6,969,871 · management and general $1,179,845 · fundraising $153,848

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $95,276,370 · end of year $50,909,887

• 3 · Pledges and grants receivable

  beginning of year $27,382,121 · end of year $26,048,612

• 4 · Accounts receivable

  beginning of year $3,772,185 · end of year $3,202,396

• 5 · Loans and receivables from officers and key people

  end of year $45,000

• 7 · Other notes and loans receivable

  beginning of year $238,824 · end of year $508,825

• 8 · Inventories for sale or use

  beginning of year $809,387 · end of year $849,461

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,059,988 · end of year $2,393,350

• 10a · Land, buildings and equipment: cost or other basis

  $576,501,266

• 10b · Land, buildings and equipment: accumulated depreciation

  $300,407,642

• 10c · Land, buildings and equipment, net

  beginning of year $238,379,604 · end of year $276,093,624

• 11 · Investments: publicly traded securities

  beginning of year $92,319,094 · end of year $140,760,143

• 12 · Investments: other securities

  beginning of year $1,042,989,693 · end of year $1,076,958,664

• 13 · Investments: program-related

  beginning of year $7,630,155 · end of year $7,395,541

• 15 · Other assets

  beginning of year $2,160,758 · end of year $1,974,764

• 17 · Accounts payable and accrued expenses

  beginning of year $22,584,210 · end of year $27,368,320

• 19 · Deferred revenue

  beginning of year $1,957,192 · end of year $1,655,515

• 20 · Tax-exempt bond liabilities

  beginning of year $90,342,400 · end of year $88,265,558

• 23 · Secured mortgages and notes payable

  beginning of year $64,799,201 · end of year $64,005,126

• 24 · Unsecured notes and loans payable

  beginning of year $65,800,629 · end of year $64,711,204

• 25 · Other liabilities

  beginning of year $34,594,575 · end of year $35,628,016

• 27 · Net assets without donor restrictions

  beginning of year $263,408,210 · end of year $270,261,868

• 28 · Net assets with donor restrictions

  beginning of year $969,531,762 · end of year $1,035,244,660

The filer's explanations (Part III)

PART I, LINE 1A

THE BOARD OF TRUSTEES RECOGNIZES THE UNIQUE ROLE THE PRESIDENT AND OTHER SENIOR ADMINISTRATORS PLAY IN SUPPORTING ALUM 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, THE PROVOST AND DEAN OF FACULTY, 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 4B

UNDER A NEWLY CREATED NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT, PRESIDENT DANIELLE HOLLEY IS ELIGIBLE FOR AN ANNUAL CREDIT TO A DEFERRED COMPENSATION ACCOUNT UNDER IRC SECTION 457(F). THE AMOUNT EARNED AND ACCRUED IN CALENDAR YEAR 2024 WAS $29,406 AND THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN C.

PART I, LINE 7

THE CHIEF INVESTMENT OFFICER RECEIVED A NON-FIXED PAYMENT WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). THE NON-FIXED PAYMENT IS BASED ON PERFORMANCE-RELATED METRICS SET BY THE PRESIDENT AND INVESTMENT COMMITTEE. THE MANAGING DIRECTOR OF INVESTMENTS AND DIRECTOR OF INVESTMENTS ALSO RECEIVED NON-FIXED PAYMENTS, WHICH ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II) RESPECTIVELY. THESE NON-FIXED PAYMENTS WERE BASED ON CRITERIA SET BY THE CHIEF INVESTMENT OFFICER AND ULTIMATELY APPROVED BY THE PRESIDENT AND INVESTMENT COMMITTEE.

SCHEDULE J, PART II

IN RECOGNITION OF THEIR EFFORTS RELATED TO THE COLLEGE'S STRATEGIC PLANNING AND THE IMPLEMENTATION OF A NEW ENTERPRISE RESOURCE PLANNING SYSTEM, A MAJORITY OF THE OFFICERS RECEIVED ONE-TIME PAYMENTS IN CALENDAR YEAR 2024 AND THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• COLLEGIATE CATALYST FUND LLC

  CAPTIVE INSURANCE · VT · income -$359,184 · assets $1,622,671

  Directly controlled by TRUSTEES OF MOUNT HOLYOKE COLLEGE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER UNITRUSTS (17)

  T · CHARITABLE TRUST · MA · controlled entity

  Directly controlled by MHC

• PERPETUAL TRUST (1)

  T · CHARITABLE TRUST · MA · controlled entity

  Directly controlled by MHC

• POOLED INCOME FUNDS (2)

  T · CHARITABLE TRUST · MA · controlled entity

  Directly controlled by MHC

• THE ORCHARDS AT MOUNT HOLYOKE INC

  C · GOLF CLUB · MA · 100% owned · controlled entity

  Directly controlled by MHC