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TIN: 04-2104847
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Information about Schedule J (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
16
Open to Public Inspection
Name of the organization
WILLIAMS COLLEGE
Employer identification number
04-2104847
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2016
Schedule J (Form 990) 2016
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
ADAM FALK
PRESIDENT
(i)
(ii)
485,658
-------------
-------------
157,229
-------------
29,904
-------------
0
77,510
-------------
0
750,301
-------------
0
0
-------------
0
2
COLLETTE CHILTON
CHIEF INVESTMENT OFFICER
(i)
(ii)
453,451
-------------
243,376
-------------
18,390
-------------
140,531
-------------
0
27,420
-------------
0
883,168
-------------
0
232,749
-------------
0
3
KELI A GAIL
SECRETARY OF THE COLLEGE
(i)
(ii)
209,895
-------------
0
-------------
1,220
-------------
23,796
-------------
0
52,959
-------------
0
287,870
-------------
0
0
-------------
0
4
STEPHEN P KLASS
VP FOR CAMPUS LIFE
(i)
(ii)
321,795
-------------
0
-------------
1,392
-------------
29,904
-------------
0
36,033
-------------
0
389,124
-------------
0
0
-------------
0
5
FREDERICK PUDDESTER
VP FOR FINANCE & ADMIN & TREAS
(i)
(ii)
398,638
-------------
0
-------------
18,187
-------------
29,904
-------------
0
25,209
-------------
0
471,938
-------------
0
0
-------------
0
6
ANGELA P SCHAEFFER
CHIEF COMM OFFICER (UT 12/16)
(i)
(ii)
191,653
-------------
0
-------------
266
-------------
21,704
-------------
0
25,022
-------------
0
238,645
-------------
0
0
-------------
0
7
LETICIA S E HAYNES
VP INSTL. DIVERSITY & EQUITY
(i)
(ii)
181,726
-------------
0
-------------
0
-------------
20,785
-------------
0
25,009
-------------
0
227,520
-------------
0
0
-------------
0
8
DENISE BUELL
DEAN OF THE FACULTY
(i)
(ii)
244,735
-------------
0
-------------
123
-------------
28,354
-------------
0
25,075
-------------
0
298,287
-------------
0
0
-------------
0
9
SARAH BOLTON UT63016
DEAN OF COLL/PROF OF PHYSICS
(i)
(ii)
124,341
-------------
0
-------------
24,364
-------------
14,425
-------------
0
12,537
-------------
0
175,667
-------------
0
0
-------------
0
10
WILLIAM DUDLEY
PROV/PROF OF PHIL (UT 8/31/16)
(i)
(ii)
253,151
-------------
0
-------------
0
-------------
29,125
-------------
0
23,588
-------------
0
305,864
-------------
0
0
-------------
0
11
DAVID A LOVE
PROVOST, PROF OF ECONOMICS
(i)
(ii)
159,059
-------------
0
-------------
1,330
-------------
17,834
-------------
0
23,588
-------------
0
201,811
-------------
0
0
-------------
0
12
MARLENE J SANDSTROM
DEAN OF COLLEGE, PROF OF PSYCH
(i)
(ii)
176,667
-------------
0
-------------
1,505
-------------
19,853
-------------
0
23,781
-------------
0
221,806
-------------
0
0
-------------
0
13
JULIA CROSBY
Managing Director, INV OFFICE
(i)
(ii)
302,982
-------------
62,800
-------------
780
-------------
34,007
-------------
0
24,322
-------------
0
424,891
-------------
0
58,698
-------------
0
14
LOUIS SOUSA
MAN.DIR. INV.OFF. (UT 3/31/16)
(i)
(ii)
89,186
-------------
156,596
-------------
139,296
-------------
8,781
-------------
0
15,530
-------------
0
409,389
-------------
0
156,596
-------------
0
15
BRADFORD B WAKEMAN
Managing Dir/COO, INV OFFICE
(i)
(ii)
332,606
-------------
104,545
-------------
780
-------------
34,469
-------------
0
50,578
-------------
0
522,978
-------------
0
99,980
-------------
0
16
MONICA M MACKEY
DIRECTOR OF PRINCIPAL GIVING
(i)
(ii)
218,151
-------------
0
-------------
951
-------------
24,763
-------------
0
11,767
-------------
0
255,632
-------------
0
0
-------------
0
17
JAY M PASACHOFF
PROFESSOR OF ASTRONOMY
(i)
(ii)
215,498
-------------
0
-------------
0
-------------
20,227
-------------
0
28,822
-------------
0
264,547
-------------
0
0
-------------
0
18
JOHN MALCOLM
VP FOR COLL. REL. (UT 6/30/16)
(i)
(ii)
147,620
-------------
0
-------------
82
-------------
15,933
-------------
0
4,857
-------------
0
168,492
-------------
0
0
-------------
0
19
PETER MURPHY
PROF ENGLISH/FRMR KEY EMP
(i)
(ii)
140,221
-------------
0
-------------
100
-------------
15,752
-------------
0
25,075
-------------
0
181,148
-------------
0
0
-------------
0
Schedule J (Form 990) 2016
Schedule J (Form 990) 2016
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
BENEFITS
FORM 990, SCHEDULE J, PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: WILLIAMS COLLEGE DOES NOT TYPICALLY PERMIT FIRST CLASS OR CHARTER TRAVEL FOR BUSINESS TRIPS, HOWEVER DUE TO A MEDICAL EVENT AN OFFICER TRAVELED FIRST CLASS DURING 2016. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN B(iii) INCLUDES A TAXABLE HOUSING ALLOWANCE. ON OCCASION, ONE LISTED OFFICER USED COLLEGE RESIDENTIAL PROPERTY FOR PERSONAL USE. THE VALUE OF THE USE IS IMPUTED AS INCOME AND REPORTED ON FORM W-2. THE VALUE OF USE IS INCLUDED IN PART II, COLUMN B(III).
HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES:
WILLIAMS PAID DUES FOR A WILLIAMSTOWN-BASED GOLF COURSE MEMBERSHIP FOR THE PRESIDENT. THE AMOUNTS WERE REPORTED AS TAXABLE COMPENSATION. FORM 990, SCHEDULE J, PART I, LINE 4A LOUIS SOUSA SEPARATED FROM WILLIAMS DURING 2016. UPON SEPARATION, LOUIS SOUSA WAS PAID PREVIOUSLY-EARNED INCENTIVE COMPENSATION WHICH HAD BEEN DISCLOSED ON THE PRIOR FORM 990. THIS AMOUNT IS REPORTED IN COLUMNS B(II) AND F OF SCHEDULE J, PART II OF THIS YEAR'S FORM 990. IN ADDITION, LOUIS SOUSA WAS PAID OTHER REPORTABLE COMPENSATION WHICH IS REPORTED IN COLUMN B(III) OF SCHEDULE J, PART II OF THIS YEAR'S FORM 990.
FORM 990, SCHEDULE J, PART I, LINE 4B
THE COLLEGE ESTABLISHED A DEFERRED COMPENSATION PLAN FOR AN EMPLOYEE. THE TERMS OF THE PLAN PROVIDE FOR THE COLLEGE TO MAKE ANNUAL SET-ASIDES AND LUMP SUM PAYOUTS AT THE VESTING DATE OF THE PLAN, PROVIDED THE EMPLOYEE REMAINS IN THEIR POSITION UNTIL THE VESTING DATE OF THEIR RESPECTIVE PLAN.
FORM 990, SCHEDULE J, PART I, LINE 4B AND LINE 7:
MEMBERS OF THE INVESTMENT OFFICE STAFF ARE ELIGIBLE TO RECEIVE AN ANNUAL BONUS UP TO A CERTAIN PERCENTAGE OF THEIR BASE SALARY. THE BONUS IS DETERMINED BY THE PERFORMANCE OF THE INVESTMENT PORTFOLIO IN RELATION TO THE PERFORMANCE OF THE POLICY BENCHMARK. THE POLICY BENCHMARK IS ESTABLISHED BY THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE BONUS IS PAID OUT OVER TIME, REQUIRES THE INDIVIDUAL TO REMAIN EMPLOYED IN ORDER TO BE ELIGIBLE TO RECEIVE PAYMENT, AND IS SUBJECT TO NEGATIVE EARNINGS PROVISIONS.
Schedule J (Form 990) 2016
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