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Nonprofiteer
← HOOD COLLEGE OF FREDERICK MD

Form 990 for tax year 2023

Filed by HOOD COLLEGE OF FREDERICK MD.

Totals

Total revenue
$171,514,727
Total expenses
$93,582,410
Contributions and grants received
$66,945,124
Grants paid
$36,367,123
Program service revenue
$72,523,170
Investment income
$32,046,433
Other revenue
$0
Total assets, end of year
$318,777,464
Total liabilities, end of year
$58,389,216
Net assets or fund balances, end of year
$260,388,248
Program services expenses (Part IX)
$74,436,593
Management and general expenses
$17,270,522
Fundraising expenses
$1,875,295
Program service expenses (Part III)
$74,436,593

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $7,224,775

  • 1f · All other contributions, gifts and grants

    $59,720,349

  • 1g · Noncash contributions included above

    $54,922,621

  • 2a · Program service revenue: GROSS TUITION

    total $70,824,543 · related or exempt $70,824,543

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $1,211,329 · related or exempt $388,894 · unrelated business $822,435

  • 2c · Program service revenue: EDUCATION AND GENERAL

    total $487,298 · related or exempt $487,298

  • 3 · Investment income

    total $3,111,596 · unrelated business -$570,427 · excluded $3,682,023

  • 7a · Gross sales of assets other than inventory

    securities $703,933,485

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

    securities $674,998,648

  • 7c · Gain or loss

    securities $28,934,837

  • 7d · Net gain or loss

    total $28,934,837 · unrelated business $303,351 · excluded $28,631,486

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $36,367,123 · program services $36,367,123

  • 5 · Compensation of officers, directors and key employees

    total $1,701,007 · program services $1,047,305 · management and general $527,312 · fundraising $126,390

  • 7 · Other salaries and wages

    total $20,060,321 · program services $13,408,908 · management and general $5,499,067 · fundraising $1,152,346

  • 8 · Pension plan contributions

    total $806,499 · program services $539,088 · management and general $247,613 · fundraising $19,798

  • 9 · Other employee benefits

    total $3,291,880 · program services $2,205,560 · management and general $1,020,483 · fundraising $65,837

  • 10 · Payroll taxes

    total $1,546,943 · program services $1,034,023 · management and general $474,945 · fundraising $37,975

  • 11b · Fees: legal

    total $126,287 · program services $84,414 · management and general $38,773 · fundraising $3,100

  • 11c · Fees: accounting

    total $138,645 · management and general $138,645

  • 11f · Fees: investment management

    total $293,082 · management and general $293,082

  • 11g · Fees: other

    total $10,975,596 · program services $6,670,208 · management and general $4,041,007 · fundraising $264,381

  • 12 · Advertising and promotion

    total $580,742 · program services $5,998 · management and general $574,744

  • 13 · Office expenses

    total $1,183,451 · program services $791,054 · management and general $363,345 · fundraising $29,052

  • 14 · Information technology

    total $681,689 · program services $456,732 · management and general $211,324 · fundraising $13,633

  • 17 · Travel

    total $2,011,990 · program services $1,348,918 · management and general $560,123 · fundraising $102,949

  • 20 · Interest

    total $1,613,237 · program services $1,250,065 · management and general $363,172

  • 22 · Depreciation, depletion and amortization

    total $7,022,310 · program services $5,831,083 · management and general $1,191,227

  • 23 · Insurance

    total $655,691 · management and general $655,691

  • 24a · Other expenses: UTILITIES AND TELECOMM.

    total $2,377,640 · program services $1,821,233 · management and general $555,891 · fundraising $516

  • 24b · Other expenses: RENTALS AND LEASES

    total $960,982 · program services $779,885 · management and general $146,949 · fundraising $34,148

  • 24c · Other expenses: SUBSCRIPTIONS AND FEES

    total $567,035 · program services $379,913 · management and general $175,781 · fundraising $11,341

  • 24d · Other expenses: POSTAGE, DUPL., PRINT

    total $313,660 · program services $209,659 · management and general $96,301 · fundraising $7,700

  • 24e · All other expenses

    total $306,600 · program services $205,424 · management and general $95,047 · fundraising $6,129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,812,220 · end of year $2,522,889

  • 2 · Savings and temporary cash investments

    beginning of year $337,467 · end of year $250,563

  • 3 · Pledges and grants receivable

    beginning of year $2,029,010 · end of year $1,284,746

  • 4 · Accounts receivable

    beginning of year $2,319,697 · end of year $2,682,460

  • 9 · Prepaid expenses and deferred charges

    beginning of year $183,628 · end of year $241,826

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

    $199,057,891

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

    $103,330,347

  • 10c · Land, buildings and equipment, net

    beginning of year $94,000,303 · end of year $95,727,544

  • 11 · Investments: publicly traded securities

    beginning of year $63,106,360 · end of year $99,192,625

  • 12 · Investments: other securities

    beginning of year $63,612,733 · end of year $96,554,564

  • 15 · Other assets

    beginning of year $17,189,774 · end of year $20,320,247

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,835,573 · end of year $5,413,288

  • 20 · Tax-exempt bond liabilities

    beginning of year $36,653,788 · end of year $39,247,777

  • 23 · Secured mortgages and notes payable

    beginning of year $2,551,039 · end of year $2,316,230

  • 25 · Other liabilities

    beginning of year $12,436,146 · end of year $11,411,921

  • 27 · Net assets without donor restrictions

    beginning of year $53,999,821 · end of year $51,638,589

  • 28 · Net assets with donor restrictions

    beginning of year $136,114,825 · end of year $208,749,659

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • HIGHER EDUCATION - FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE 30 MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 20 MASTER'S DEGREES, 4 DOCTORAL PROGRAMS, AND 12 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2023, TOTAL ENROLLMENT WAS 2,078 STUDENTS COMPRISED OF 1,209 UNDERGRADUATE AND 869 STUDENTS SEEKING GRADUATE DEGREES AND CERTIFICATIONS.

    Expenses $74,436,593 · Grants $36,367,123 · Revenue $72,523,170

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Tonya Thomas Finton

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Susan Murawski Ganley

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Linda J Allan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Arthur O Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan Audino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jane Blocker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Philip W Bowers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Manuel A Casiano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cheryl B Dreiling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan J Gearey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Theresa R Harrison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marylou Hermann Foley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edith Howard Hogan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael F Hosford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas A Kleinhanzl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Eleanor Chisholm Landauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew C McGreevy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Margaret A Muncie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cathy Nace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Veleka Peeples-Dyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Beatrice Anne Reaver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lance W Slaughter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jewel Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John H Tisdale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Weslock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Charlotte S Whitenight

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marlene Grossnickle Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Phillip Yerby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andrea E Chapdelaine Tetreault PhD

    PRESIDENT

    Total calculated
    $463,598
    From this org
    $393,068
    From related orgs
    $0
    Other
    $70,530
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $392,681
    Bonus
    $0
    Other
    $387
    Deferred
    $15,508
    Nontaxable benefits
    $55,022
    Filer's total
    $463,598

  • Diane Wise

    SECRETARY

    Total calculated
    $108,606
    From this org
    $83,109
    From related orgs
    $0
    Other
    $25,497
    Hours/week
    40

  • Robert Klinedinst

    TREASURER AND VP, FINANCE

    Total calculated
    $198,433
    From this org
    $163,561
    From related orgs
    $0
    Other
    $34,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,174
    Bonus
    $0
    Other
    $387
    Deferred
    $8,623
    Nontaxable benefits
    $26,249
    Filer's total
    $198,433

  • Deborah Ricker

    VP, ACADEMIC AFFAIRS

    Total calculated
    $224,195
    From this org
    $193,042
    From related orgs
    $0
    Other
    $31,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,655
    Bonus
    $0
    Other
    $387
    Deferred
    $10,050
    Nontaxable benefits
    $21,103
    Filer's total
    $224,195

  • William J Brown Jr

    VP, ENROLLMENT MANAGEMENT

    Total calculated
    $211,484
    From this org
    $170,703
    From related orgs
    $0
    Other
    $40,781
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,560
    Bonus
    $0
    Other
    $1,143
    Deferred
    $9,048
    Nontaxable benefits
    $31,733
    Filer's total
    $211,484

  • Nancy Gillece

    VP, INSTITUTIONAL ADVANCEMENT

    Total calculated
    $188,627
    From this org
    $168,228
    From related orgs
    $0
    Other
    $20,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,634
    Bonus
    $0
    Other
    $594
    Deferred
    $8,516
    Nontaxable benefits
    $11,883
    Filer's total
    $188,627

  • William Hobbs

    CHIEF INFORMATION OFFICER

    Total calculated
    $158,056
    From this org
    $130,218
    From related orgs
    $0
    Other
    $27,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,624
    Bonus
    $0
    Other
    $594
    Deferred
    $6,790
    Nontaxable benefits
    $21,048
    Filer's total
    $158,056

  • Tammi Simpson

    VP OF EQUITY & INCLUSION

    Total calculated
    $151,052
    From this org
    $132,481
    From related orgs
    $0
    Other
    $18,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,274
    Bonus
    $0
    Other
    $207
    Deferred
    $10,679
    Nontaxable benefits
    $7,892
    Filer's total
    $151,052

  • Laurie Ward

    VP OF COMMUNICATIONS

    Total calculated
    $145,853
    From this org
    $129,332
    From related orgs
    $0
    Other
    $16,521
    Hours/week
    40

  • David J Gurzick

    PROFESSOR, SCHOOL OF BUSINESS

    Total calculated
    $141,548
    From this org
    $137,265
    From related orgs
    $0
    Other
    $4,283
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HOOD COLLEGE (THE COLLEGE) DEEMS IT TO BE IN ITS BEST INTEREST THAT THE PRESIDENT OCCUPY THE PRESIDENT'S HOME. AS A CONDITION OF EMPLOYMENT HEREUNDER, DR. CHAPDELAINE IS REQUIRED TO OCCUPY THE PRESIDENT'S HOME AND, TO THE EXTENT NECESSARY, TO USE THE PRESIDENT'S HOME IN THE PERFORMANCE OF HER DUTIES HEREUNDER. THE COLLEGE SHALL PROVIDE MAINTENANCE AND REPAIRS, UTILITIES, HOUSEKEEPING, GROUNDSKEEPING, AND LANDSCAPING FOR THE PRESIDENT'S HOME. THE COLLEGE SHALL FURNISH ALL PUBLIC AREAS IN THE PRESIDENT'S HOME AND SHALL OBTAIN INSURANCE ON ALL THE CONTENTS IN THE PRESIDENT'S HOME, REGARDLESS OF THE OWNER OF THE CONTENTS. THE COLLEGE SHALL ALSO BE RESPONSIBLE FOR ANY REAL ESTATE TAXES ASSESSED ON THE PRESIDENT'S HOME. THESE AMOUNTS ARE TREATED AS NONTAXABLE AND PROPERLY REPORTED ON SCHEDULE J, PART II, COLUMN (D).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HOOD COLLEGE FOUNDATION

    501(C)(3) · SUPPORT OF HOOD COLLEGE · MD · controlled entity

    Directly controlled by HOOD COLLEGE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HOOD COLLEGE LP

    RELATED · INVESTING · MD · 99% owned · general or managing partner

    Directly controlled by HOOD COLLEGE

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501329349304780

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