2025-04-04T12:12:00-05:00 2024-06-30 263753134 CBIZ ADVISORS LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2023-07-01 042104229 STONEHILL COLLEGE INC STON 5085651345 320 WASHINGTON STREET EASTON MA 02357 JEANNE FINLAYSON VP FINANCE & TREASURER 5085651337 2025-03-04 1 1 BRENDA L BOOTH P01342395 6177610600 2025-03-04 2023 2025-03-06 01:10:19Z REV JOHN DENNING CSC 320 WASHINGTON STREET EASTON MA 02357 201669260 0 X WWW.STONEHILL.EDU X 1934 MA STONEHILL COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING FOUNDED BY THE CONGREGATION OF THE HOLY CROSS, IS A COMMUNITY OF SCHOLARSHIP AND FAITH, ANCHORED BY A BELIEF IN THE INHERENT DIGNITY OF EACH PERSON. THROUGH ITS CURRICULUM OF LIBERAL ARTS AND SCIENCES AND PRE-PROFESSIONAL PROGRAMS, STONEHILL COLLEGE PROVIDES AN EDUCATION OF THE HIGHEST CALIBER THAT FOSTERS CRITICAL THINKING, FREE INQUIRY AND THE INTERCHANGE OF IDEAS. STONEHILL COLLEGE EDUCATES THE WHOLE PERSON SO THAT EACH STONEHILL GRADUATE THINKS, ACTS, AND LEADS WITH COURAGE TOWARD THE CREATION OF A MORE JUST AND COMPASSIONATE WORLD. 34 33 1524 700 177977 0 7532999 5103366 164702752 175278953 7898637 16791668 -1107 -10884 180133281 197163103 76575860 82619535 0 0 59517378 61794471 0 0 2600206 45616431 48119382 181709669 192533388 -1576388 4629715 502768183 517077367 103510438 100980467 399257745 416096900 X STONEHILL COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING FOUNDED BY THE CONGREGATION OF THE HOLY CROSS, IS A COMMUNITY OF SCHOLARSHIP AND FAITH, ANCHORED BY A BELIEF IN THE INHERENT DIGNITY OF EACH PERSON. THROUGH ITS CURRICULUM OF LIBERAL ARTS AND SCIENCES AND PRE-PROFESSIONAL PROGRAMS, STONEHILL COLLEGE PROVIDES AN EDUCATION OF THE HIGHEST CALIBER THAT FOSTERS CRITICAL THINKING, FREE INQUIRY AND THE INTERCHANGE OF IDEAS. STONEHILL COLLEGE EDUCATES THE WHOLE PERSON SO THAT EACH STONEHILL GRADUATE THINKS, ACTS, AND LEADS WITH COURAGE TOWARD THE CREATION OF A MORE JUST AND COMPASSIONATE WORLD. 0 0 175950314 82619535 175172435 STONEHILL IS A SELECTIVE CATHOLIC COLLEGE LOCATED NEAR BOSTON ON A BEAUTIFUL 384 ACRE CAMPUS IN EASTON, MASSACHUSETTS. WITH A STUDENT:FACULTY RATIO OF 12:1, THE COLLEGE ENGAGES 2,486 STUDENTS IN 80+ RIGOROUS ACADEMIC PROGRAMS IN THE LIBERAL ARTS, SCIENCES, AND PRE-PROFESSIONAL FIELDS. THE COLLEGE ALSO OFFERS MASTERS PROGRAMS IN INTEGRATED MARKETING COMMUNICATIONS, AND SPECIAL EDUCATION. THE STONEHILL COMMUNITY HELPS STUDENTS TO DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER TO MEET THEIR PROFESSIONAL GOALS AND TO LIVE LIVES OF PURPOSE AND INTEGRITY. 175950314 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 464 0 1 1524 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CA X JEANNE M FINLAYSON 5085651337 320 WASHINGTON STREET EASTON MA 02357 REV JOHN DENNING CSC PRESIDENT 35.00 X X 0 0 43245 REV CHARLES MCCOY CSC BOARD MEMBER 1.00 X 0 0 0 LEO J MEEHAN III BOARD MEMBER 1.00 X 0 0 0 MARSHA A MOSES BOARD MEMBER 1.00 X 0 0 0 SAMUEL E NAVARRO BOARD MEMBER 1.00 X 0 0 0 THOMAS J MAY BOARD MEMBER 1.00 X 0 0 0 REV HUGH R PAGE JR PHD BOARD MEMBER 1.00 X 0 0 0 JEAN M RAYMOND BOARD MEMBER 1.00 X 0 0 0 ROBERT F RIVERS BOARD MEMBER 1.00 X 0 0 0 REV JOHN J RYAN CSC BOARD MEMBER 1.00 X 0 0 0 THOMAS A SHIELDS BOARD MEMBER 1.00 X 0 0 0 REV PETER J WALSH CSC BOARD MEMBER 1.00 X 0 0 0 PATRICIA M MCCARTAN PRUE BOARD MEMBER 1.00 X 0 0 0 REV THOMAS LOONEY CSC BOARD MEMBER 1.00 X 0 0 0 KATHLEEN MILLER BOARD MEMBER 1.00 X 0 0 0 VICKI C BALSAMO BOARD MEMBER 1.00 X 0 0 0 REV E WILLIAM BEAUCHAMP CSC BOARD MEMBER 1.00 X 0 0 0 REV PETER A JARRET CSC BOARD MEMBER 1.00 X 0 0 0 DANIEL P DEVASTO BOARD MEMBER 1.00 X 0 0 0 BRIAN F DOHERTY BOARD MEMBER 1.00 X 0 0 0 REV ROBERT DOWD CSC BOARD MEMBER 1.00 X 0 0 0 PATRICK D BURKE BOARD MEMBER 1.00 X 0 0 0 ELIZABETH G HAYDEN BOARD MEMBER 1.00 X 0 0 0 MICHAEL W HERLIHY BOARD MEMBER 1.00 X 0 0 0 JOHN E DREW BOARD MEMBER 1.00 X 0 0 0 BROS THOMAS GIUMENTA CSC BOARD MEMBER 1.00 X 0 0 0 REV WILLIAM M LIES CSC BOARD MEMBER 1.00 X 0 0 0 REV PETE MCCORMICK CSC BOARD MEMBER 1.00 X 0 0 0 JAMES KEITH MOTLEY BOARD MEMBER 1.00 X 0 0 0 MEACHAN EICHMANN BOARD MEMBER 1.00 X 0 0 0 JUAN F LOPERA BOARD MEMBER 1.00 X 0 0 0 REV BROGAN RYANCSC BOARD MEMBER 1.00 X 0 0 0 JUDITH A SALERNO BOARD MEMBER 1.00 X 0 0 0 THOMAS BOGAN BOARD MEMBER 1.00 X 0 0 0 JEANNE M FINLAYSON VP FOR FINANCE & TREASURER 35.00 X 291859 0 32539 THOMAS V FLYNN CLERK/GENERAL COUNSELOR 35.00 X 195455 0 76240 DOUG SMITH VP FOR ADVANCEMENT 35.00 X 225300 0 22894 CRAIG BINNEY ASSOC. VP OF FINANCE 35.00 X 208750 0 48930 PETER UBERTACCIO VP FOR ACADEMIC AFFAIRS & PROVOST (FROM 1/23/24) 35.00 X 203885 0 51214 PAULINE M BURKE VP FOR STUDENT AFFAIRS 35.00 X 192951 0 76438 TAMARA ANDERSON CHIEF INFORMATION OFFICER 35.00 X 183858 0 30547 SAM BELDONA FACULTY - PROFESSOR 35.00 X 181190 0 49411 EDDIE RHEE FACULTY - PROFESSOR 35.00 X 178034 0 41144 CHRISTOPHER G KRAUS HEAD COACH - MEN'S BASKETBALL 35.00 X 168789 0 43213 JENNIFER A SWANSON FACULTY - PROFESSOR 35.00 X 168166 0 41467 2198237 0 557282 123 0 1 0 SODEXO INC PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 9060687 MAJESTIC CONSTRUCTION 344 JOHN DIETSCH BLVD UNIT 14 NORTH ATTLEBORO MA 02763 CONSTRUCTION SERVICES 1325180 CONGREGATION OF HOLY CROSS US PROVINC PO BOX 774 NOTRE DAME IN 46556 ADMIN & INSTRUCTIONAL SERVICES 1187635 DZ DONUTS LLC 400 WASHINGTON STREET WESTWOOD MA 02090 FOOD SERVICES 749315 BLOOM'S BUS LINES INC 28 GROSVENOR STREET TAUTON MA 02780 TRANSPORTATION SERVICES 452372 19 184055 2538652 2380659 143338 5103366 TUITION AND FEES 900099 132602366 132602366 AUXILLARY SERVICES 900099 35549004 35442486 106518 OTHER EDUCATIONAL SERVICES 900099 7127583 7127583 175278953 4083100 71459 4011641 17134133 4425565 12708568 12708568 12708568 69708 184055 80592 -10884 -10884 197163103 175172435 177977 16709325 95489 95489 82524046 82524046 1643407 636485 769527 237395 46839357 40739863 4495088 1604406 3022523 2579493 328208 114822 6673872 5695642 724698 253532 3615312 3085394 392577 137341 58252 58252 174662 174662 836219 836219 4991895 4123159 819253 49483 397472 306539 90933 2307068 1853011 331540 122517 1494972 747486 747486 6386722 6205398 179609 1715 3691006 3624808 66198 9444938 8439988 1004950 1067393 897577 169816 DINING SERVICES 7233770 7151711 77644 4415 FOOD/EVENT CATERING/ENT 4930613 4542236 349673 38704 EQUIPMENT RENTAL 959279 562018 390163 7098 MEMBERSHIPS/SUBSCRIPTIO 908637 719207 170961 18469 3236484 1420764 1805411 10309 192533388 175950314 13982868 2600206 19836727 21680683 8317290 7743432 1370040 1320789 541 19437 35064 1134099 1496354 317482064 149864090 171444251 167617974 34798559 38974107 256152788 268451132 9694451 9757832 502768183 517077367 1215178 1617508 85651629 80722323 16643631 18640636 103510438 100980467 X 291283229 304467935 107974516 111628965 399257745 416096900 502768183 517077367 X 4629715 11539254 670186 X 0 1 X 1 1 1 X 8935699 13274995 13628895 7532999 5103366 48475954 8935699 13274995 13628895 7532999 5103366 48475954 1254322 47221632 1016355 1858311 3771691 4269749 4083100 14999206 42378 16495 88537 91644 69708 308762 63783922 768890123 0.74030 0.81010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: STONEHILL COLLEGE PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. THEREFORE A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. X X 0 290568570 990507 27125705 3519432 8236648 306928702 295106757 3917369 2885089 3770425 7570220 290568570 307883077 2832672 -5545278 3562740 6500974 295106757 218832717 2517781 95389254 2498596 6358079 307883077 217240018 3119435 7263559 2690024 6100271 218832717 0.67060 0.17060 0.15880 1 0 1435939 1435939 244667142 99206442 145460700 4932236 1034036 3898200 46426203 35454693 10971510 20020544 14168919 5851625 167617974 HEDGE FUNDS & PRIVATE EQUITIES 268451132 F 268451132 INTEREST RATE SWAP AGREEMENTS 1431159 INTEREST & ACCRUED LIABILITIES 7361176 ACCRUED PAYROLL AND OTHER BENEFITS 2226490 ANNUITY OBLIGATIONS 357386 OPERATING LEASE LIABILITIES 7264425 18640636 X 126092870 11539254 750778 12290032 113802838 836219 82524046 83360265 197163103 109253715 80592 80592 109173123 836219 82524046 83360265 192533388 PART III, LINE 4: STONEHILLL COLLEGE MAINTAINS A COLLECTION OF HISTORICAL ARTIFACTS FOR PUBLIC EXHIBITION AND EDUCATION IN FURTHERANCE OF PUBLIC SERVICE AND NOT FOR FINANCIAL GAIN. THE COLLEGE DOES NOT CAPITALIZE ITS COLLECTION OF HISTORICAL ARTIFACTS. PART V, LINE 4: ENDOWMENT FUNDS ARE SPENT IN ACCORDANCE WITH DONOR RESTRICTIONS. THE FUNDS ARE INVESTED TO PRESERVE STONEHILL'S PURCHASING POWER WHILE PROVIDING A CONTINUING AND STABLE FUNDING SOURCE TO SUPPORT THE MISSION OF THE COLLEGE. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATIONS AS TO WHAT INCOME IS RELATED AND UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET GAIN ON INTEREST RATE SWAP 670,186. FUNDRAISING EVENT EXPENDITURES 80,592. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND OTHER AWARDS 82,524,046. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 80,592. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND OTHER AWARDS 82,524,046. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING STATEMENT IS INCLUDED IN ALL BROCHURES, CATALOGUES, AND OTHER COMMUNICATIONS WITH THE PUBLIC DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS: "STONEHILL COLLEGE PROHIBITS DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, DISABILITY, AGE, VETERAN STATUS, MARITAL STATUS, GENDER, GENDER IDENTITY, SEXUAL ORIENTATION, PREGNANCY, OR OTHER LEGALLY PROTECTED STATUS IN ADMISSION TO, ACCESS TO, TREATMENT IN OR EMPLOYMENT IN ITS PROGRAMS AND ACTIVITIES, EXCEPT WHERE SUCH CONDITIONS MAY CONSTITUTE BONA FIDE QUALIFICATIONS FOR THE PROGRAMS OR ACTIVITIES IN QUESTION." SCHEDULE E, PART I, LINE 6 THIS INSTITUTION AND ITS STUDENTS PARTICIPATE IN THE FOLLOWING FEDERAL FUNDED PROGRAMS: FEDERAL PELL GRANT, FEDERAL PERKINS LOAN, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT, AND FEDERAL WORK STUDY. EUROPE 0 5 PROGRAM SERVICE STUDY ABROAD 156612 SOUTH AMERICA 0 1 PROGRAM SERVICE SERVICE TRIP 4466 0 6 0 0 0 6 161078 0 161078 1 0 1 1 1 0 PART I, LINE 3 THE ORGANIZATION REPORTS THESE FOREIGN EXPENDITURES AS REPORTED IN THE FINANCIAL RECORDS NOBLIN GOLF TOURNAMENT 54640 40300 14340 4135 27 PRESIDENT'S DINNER 85575 76375 9200 14161 10748 7 113548 67380 46168 4849 33191 10010 3471 253763 184055 69708 8984 33191 24171 14246 80592 -10884 1 TOWN OF EASTON MA 136 ELM STREET EASTON MA 02356 GOV'T 40000 0 GENERAL SUPPORT 1 0 TUITION ASSISTANCE 2548 82524046 FMV SCHOLARSHIPS PART I, LINE 2: THE COLLEGE AWARDS GRANTS ON A FISCAL YEAR BASED ACCORDING TO THE OVERALL YEARLY BUDGET. INDIVIDUAL AWARDS ARE PACKAGED BASED ON AN OVERALL COLLEGE STRATEGY EMPLOYING NEED AND MERIT CRITERIA. THE COLLEGE'S FINANCIAL AID OFFICE WORKS WITH OUTSIDE CONSULTANTS TO PREPARE PACKAGES. THE FINANCIAL AID OFFICE WORKS WITH STUDENTS TO ACCEPT AND/OR ADJUST INDIVIDUAL GRANTS. THE COLLEGE ALSO PROVIDES CHARITABLE SUPPORT TO U.S. SECTION 501(C)(3) PUBLIC CHARITIES AND LOCAL GOVERNMENTS IN FURTHERANCE OF ITS MISSION. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JEANNE M FINLAYSON VP FOR FINANCE & TREASURER 289940 0 0 0 1919 0 29835 0 2704 0 324398 0 0 0 THOMAS V FLYNN CLERK/GENERAL COUNSELOR 195028 0 0 0 427 0 18598 0 57642 0 271695 0 0 0 PAULINE M BURKE VP FOR STUDENT AFFAIRS 192535 0 0 0 416 0 18300 0 58138 0 269389 0 0 0 CRAIG BINNEY ASSOC. VP OF FINANCE 207430 0 0 0 1320 0 20015 0 28915 0 257680 0 0 0 PETER UBERTACCIO VP FOR ACADEMIC AFFAIRS & PROVOST (F 202863 0 0 0 1022 0 19538 0 31676 0 255099 0 0 0 DOUG SMITH VP FOR ADVANCEMENT 218776 0 0 0 6524 0 20589 0 2305 0 248194 0 0 0 SAM BELDONA FACULTY - PROFESSOR 179664 0 0 0 1526 0 16940 0 32471 0 230601 0 0 0 EDDIE RHEE FACULTY - PROFESSOR 177514 0 0 0 520 0 12549 0 28595 0 219178 0 0 0 TAMARA ANDERSON CHIEF INFORMATION OFFICER 181455 0 0 0 2403 0 16341 0 14206 0 214405 0 0 0 CHRISTOPHER G KRAUS HEAD COACH - MEN'S BASKETBALL 168653 0 0 0 136 0 12909 0 30304 0 212002 0 0 0 JENNIFER A SWANSON FACULTY - PROFESSOR 167633 0 0 0 533 0 12578 0 28889 0 209633 0 0 0 SCHEDULE J, PART I: STONEHILL COLLEGE PAID FOR PROFESSIONAL SERVICES BASED ON MARKET COMPENSATION AND BENEFITS, TOTALING $1,187,635 TO THE CONGREGATION OF THE HOLY CROSS FOR INSTRUCTIONAL, ADMINISTRATIVE, AND INSTITUTIONAL SERVICES. INDIVIDUAL MEMBERS OF THE CONGREGATION ADHERE TO THE VOW OF POVERTY. A MHEFA SERIES K 043431814 000000000 2015-11-04 56675000 REFINANCE SERIES K (2008) 0 0 0 B MHEFA SERIES M 043431814 000000000 2017-03-30 15300000 CONSTRUCT ACADEMIC & WELCOME CENTER 0 0 0 C MHEFA SERIES O 043431814 000000000 2018-06-01 25000000 CONSTRUCT BUSINESS BUILDING 0 0 0 D MDFA REVENUE BONDS SERIES N (REISSUED) 043431814 000000000 2019-03-27 14640980 REISSUANCE OF SERIES N (2017) 0 0 0 A 17825000 56675000 56675000 2009 1 0 1 1 B 2506003 15300000 112280 15187720 2018 0 0 1 1 C 3153916 25000000 139980 24860020 2019 0 0 1 1 D 7041923 14640980 14640980 2010 1 0 1 1 A 0 0 0 0 0.00000 0.01250 0.01250 0 0 1 B 0 0 0 0 0.00000 0.01940 0.01940 0 0 1 C 0 0 0 0 0.00000 0.00450 0.00450 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 BANK OF AMERICA NA - SEE BELOW 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 0 1 0 0 0 0 1 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MHEFA, SERIES M DATE THE REBATE COMPUTATION WAS PERFORMED: 03/30/2021 ISSUER NAME: MHEFA, SERIES O DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2021 SCHEDULE K, PART II, LINE 13: YEAR OF SUBSTANTIAL COMPLETION - FOR BOND ISSUE A AND BOND ISSUE D, THE YEAR OF SUBSTANTIAL COMPLETION REFERS TO THE PROJECTS FINANCED BY THE PROCEEDS OF THE REFUNDED BONDS. SCHEDULE K, COLUMN A, PART IV, LINE 4C THERE ARE THREE TERMS TO THE INTEREST RATE SWAP: 20.2 YEARS 20.1 YEARS 29.1 YEARS WB MASON SEE STATEMENT 205040 SALE OF PRODUCTS 0 SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: W.B. MASON IS A COMPANY OWNED BY A TRUSTEE AND HIS FAMILY. STONEHILL COLLEGE PURCHASED PRODUCTS FROM THE COMPANY. X 11 148338 PUBLICLY TRADED 0 0 1 0 PART I, COLUMN (B): AMOUNTS REPORTED IN PART I, COLUMN B, REPRESENT THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES MAY APPOINT AN EXECUTIVE COMMITTEE AND MAY DELEGATE TO ANY SUCH COMMITTEE SOME OR ALL OF THEIR POWERS EXCEPT THOSE WHICH BY LAW, THE ARTICLES OF INCORPORATION, OR THE BYLAWS THEY MAY NOT DELEGATE. FORM 990, PART VI, SECTION A, LINE 6 STONEHILL COLLEGE HAS TWO CLASSES OF MEMBERS: INCORPORATORS AND FELLOWS. THE INCORPORATORS CONSIST OF THE UNITED STATES PROVINCE OF PRIESTS AND BROTHERS, EX-OFFICIO, AND ALL PERPETUALLY PROFESSED RELIGIOUS OF THE CONGREGATION OF THE HOLY CROSS SERVING FROM TIME TO TIME AT STONEHILL COLLEGE. THE FELLOWS ARE MADE UP OF INDIVIDUALS WHO ARE INCORPORATORS, FACULTY, PART OF THE PRESIDENT'S COUNCIL, ALUMNI, AND STUDENTS. THE FELLOWS' SOLE POWER AND AUTHORITY IS TO ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A STONEHILL COLLEGE HAS TWO CLASSES OF MEMBERS: INCORPORATORS AND FELLOWS. THE INCORPORATORS CONSIST OF THE UNITED STATES PROVINCE OF PRIESTS AND BROTHERS, EX-OFFICIO, AND ALL PERPETUALLY PROFESSED RELIGIOUS OF THE CONGREGATION OF THE HOLY CROSS SERVING FROM TIME TO TIME AT STONEHILL COLLEGE. THE FELLOWS ARE MADE UP OF INDIVIDUALS WHO ARE INCORPORATORS, FACULTY, PART OF THE PRESIDENT'S COUNCIL, ALUMNI, AND STUDENTS. THE FELLOWS' SOLE POWER AND AUTHORITY IS TO ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND SIGNED BY CBIZ ADVISORS, LLC AS PAID PREPARER. THE FORM 990 IS FIRST REVIEWED BY STONEHILL COLLEGE'S INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, STONEHILL COLLEGE'S INTERNAL MANAGEMENT AND PAID PREPARER PRESENT THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FORM BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE REQUIRES ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. QUESTIONNAIRES ARE COLLECTED AND REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AT ANY LEVEL AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WHICH IS DETERMINED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 STONEHILL COLLEGE ANNUALLY REVIEWS THE SALARIES OF ITS EXECUTIVE LEVEL MANAGEMENT WITH THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE HUMAN RESOURCE OFFICE PROVIDES COMPARABLE MARKET DATA ON THESE POSITIONS AT SIMILAR SIZE INSTITUTIONS. THE COLLEGE PRESIDENT MAKES SALARY RECOMMENDATIONS FOR HIS (HER) TOP MANAGEMENT REPORTS AND THE CHAIRMAN OF THE BOARD OF TRUSTEES MAKES A RECOMMENDATION ON THE PRESIDENT'S SALARY TO BE PAID TO THE CONGREGATION OF THE HOLY CROSS. COMPENSATION RECOMMENDATIONS ARE APPROVED BY THE COMPENSATION COMMITTEE. STONEHILL COLLEGE'S PRESIDENT IS A MEMBER OF THE CONGREGATION OF THE HOLY CROSS AND HAS TAKEN A VOW OF POVERTY, ALONG WITH OTHER MEMBERS OF THE HOLY CROSS COMMUNITY WHO PROVIDE SERVICES TO STONEHILL COLLEGE. TOTAL PAYMENT TO THE CONGREGATION OF THE HOLY CROSS IN FY2024 WAS $1,547,094. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME, STONEHILL COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE COLLEGE POSTS ITS FINANCIAL STATEMENTS ON THEIR OWN WEBSITE AT STONEHILL.EDU, WHERE THEY ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: NET GAIN FROM INTEREST RATE SWAPS 670,186. PERPETUAL TRUSTS (2) TRUST MA STONEHILL COLLEGE INC T 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA