2025-04-10T09:54:44-05:00 2024-05-31 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-06-01 042111203 TRUSTEES OF CLARK UNIVERSITY TRUS 5087937455 950 MAIN STREET WORCESTER MA 01610 ANNE RANDALL INTERIM CFO & TREASURER 5087937455 2025-04-10 1 1 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z CLARK UNIVERSITY DAVID FITHIAN 950 MAIN STREET WORCESTER MA 01610 313582033 0 X WWW.CLARKU.EDU X 1887 MA CLARK UNIVERSITY'S MISSION IS TO EDUCATE UNDERGRADUATE AND GRADUATE (CONTINUED ON SCHEDULE O)STUDENTS TO BE IMAGINATIVE AND CONTRIBUTING CITIZENS OF THE WORLD, AND TO ADVANCE THE FRONTIERS OF KNOWLEDGE AND UNDERSTANDING THROUGH RIGOROUS SCHOLARSHIP AND CREATIVE EFFORT. 31 30 2735 137 -715376 0 30850852 31604318 188308957 203088841 2362999 13553038 5418439 1321955 226941247 249568152 90347643 96218791 0 0 93672696 99970241 38596 68500 6650432 64827024 62630732 248885959 258888264 -21944712 -9320112 728511228 768048176 201252235 195845783 527258993 572202393 X CLARK UNIVERSITY'S MISSION IS TO EDUCATE UNDERGRADUATE AND GRADUATE STUDENTS TO BE IMAGINATIVE AND CONTRIBUTING CITIZENS OF THE WORLD, AND TO ADVANCE THE FRONTIERS OF KNOWLEDGE AND UNDERSTANDING THROUGH RIGOROUS SCHOLARSHIP AND CREATIVE EFFORT. (CONTINUED ON SCHEDULE O) CLARK FOSTERS A COMMITMENT TO EXCELLENCE IN STUDYING TRADITIONAL ACADEMIC DISCIPLINES, AS WELL AS INNOVATION IN EXPLORING QUESTIONS THAT CROSS DISCIPLINARY BOUNDARIES. 0 0 97037658 0 181471284 INSTRUCTION AND ACADEMIC SUPPORT: CLARK'S FALL 2023 ENROLLMENT CONSISTED OF 1,774 UNDERGRADUATES AND 597 GRADUATE STUDENTS. OUR MOTTO - AND MISSION - IS "CHALLENGE CONVENTION; CHANGE OUR WORLD", AND OUR FACULTY MEMBERS WORK TO INSPIRE THEIR STUDENTS TO UTILIZE THEIR LIBERAL ARTS BASED EDUCATION TO MAKE A REAL DIFFERENCE IN THE COMMUNITIES IN WHICH THEY LIVE AND WORK. WE ALSO HAVE STRONG GRADUATE PROGRAMS, WHICH INCLUDE MASTERS' LEVEL DEGREES AND EIGHT PHD PROGRAMS. 93583909 93583909 0 FINANCIAL AID: CLARK IS COMMITTED TO BEING AFFORDABLE TO THOSE STUDENTS ABLE TO MEET THE HIGH ACADEMIC EXPECTATIONS OF OUR FACULTY. APPROXIMATELY 96% OF UNDERGRADUATE STUDENTS RECEIVE SOME LEVEL OF FINANCIAL ASSISTANCE, WHICH IS DISTRIBUTED ON THE BASIS OF BOTH MERIT AND FINANCIAL NEED. 14502441 2634882 0 RESEARCH: CLARK IS COMMITTED TO A PROGRAM OF RESEARCH AND HAS A VERY PROFESSIONALLY ACTIVE FACULTY, VIRTUALLY ALL OF WHOM ARE ENGAGED IN SPONSORED OR UNSPONSORED RESEARCH AND CREATIVE ACTIVITY. UNDERGRADUATE AND GRADUATE STUDENTS PARTICIPATE EXTENSIVELY IN FACULTY-DIRECTED RESEARCH. RESEARCH IS FUNDED BY BOTH PRIVATE AND PUBLIC GRANTS. 38110676 0 22732568 AUXILIARY SERVICES INCLUDES PROVIDING HIGH QUALITY RESIDENCE HALLS, FOOD SERVICE, AND CAMPUS STORE SERVICES TO CLARK STUDENTS.STUDENT SERVICES PROGRAMS SUPPORT AN ENVIRONMENT FOR STUDENTS THAT ENCOURAGES THEM TO BECOME ACTIVE, INVOLVED AND RESPONSIBLE CITIZENS IN GLOBAL COMMUNITIES. RESOURCES ARE EXPENDED TO PROVIDE SUPPORT TO STUDENTS IN ACHIEVING THEIR NON-ACADEMIC GOALS AND PROVIDING A BALANCED AND HEALTHY SOCIAL ENVIRONMENT. 38110676 0 22732568 243234684 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 5634 0 1 2735 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ANNE RANDALL 5084213804 950 MAIN STREET WORCESTER MA 01610 X ANI APRAHAMIAN TRUSTEE 2.00 0.00 X 0 0 0 JASON M BARNETT TRUSTEE 2.00 0.00 X 0 0 0 DONELLA BROCKINGTON TRUSTEE 2.00 0.00 X 0 0 0 INGRID BUSSON-HALL TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY CANNON TRUSTEE 2.00 0.00 X 0 0 0 KEVIN CHERRY TRUSTEE (THRU 06/2023) 2.00 0.00 X 0 0 0 ROY DINICOLA TRUSTEE 2.00 0.00 X 0 0 0 MONA DOMOSH TRUSTEE 2.00 0.00 X 0 0 0 LARRY FRANKS TRUSTEE (AS OF 07/2023) 2.00 0.00 X 0 0 0 ROSS GILLMAN TRUSTEE 2.00 0.00 X 0 0 0 JANET GOSS TRUSTEE (AS OF 07/2023) 2.00 0.00 X 0 0 0 NANCIE JULIAN TRUSTEE 2.00 0.00 X 0 0 0 GARY LABOVICH TRUSTEE/CHAIR 15.00 0.00 X X 0 0 0 LAWRENCE LANDRY TRUSTEE 2.00 0.00 X 0 0 0 CYNTHIA MICHAEL-WOLPERT TRUSTEE 2.00 0.00 X 0 0 0 ANTONIO MOLESTINA TRUSTEE 2.00 0.00 X 0 0 0 ARLENE MORRIS TRUSTEE 2.00 0.00 X 0 0 0 PETER MUGAR TRUSTEE (AS OF 07/2023) 2.00 0.00 X 0 0 0 JENNIFER OTTINGER TRUSTEE (AS OF 07/2023) 2.00 0.00 X 0 0 0 KAREN PATTERSON GREENE TRUSTEE (AS OF 07/2023) 2.00 0.00 X 0 0 0 ERICA PENN TRUSTEE 2.00 0.00 X 0 0 0 LEE PLAVE TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH POKU TRUSTEE 2.00 0.00 X 0 0 0 VICKIE H RICCARDO TRUSTEE 2.00 0.00 X 0 0 0 RON SHAICH TRUSTEE 2.00 0.00 X 0 0 0 DAVID STRASSLER TRUSTEE 2.00 0.00 X 0 0 0 TONY TILTON TRUSTEE 2.00 0.00 X 0 0 0 WENDI J TRILLING TRUSTEE 2.00 0.00 X 0 0 0 BRUCE WEILLER TRUSTEE 2.00 0.00 X 0 0 0 MARK WETZEL TRUSTEE (AS OF 07/2023) 2.00 0.00 X 0 0 0 LORI WITTMAN TRUSTEE 2.00 0.00 X 0 0 0 DAVID FITHIAN PRESIDENT 40.00 0.00 X 893604 0 105209 DANIELLE MANNING EXECUTIVE VICE PRESIDENT & TREASURER 40.00 0.00 X 397148 0 48012 KENDALL ISAAC GEN COUNSEL & SECRETARY 40.00 0.00 X 343718 0 65337 ANNE RANDALL CONTROLLER AND ASST TREASURER 40.00 0.00 X 170656 0 17476 SEBASTIAN ROYO PROVOST 40.00 0.00 X 353930 0 71112 JILL FRIEDMAN VP MARKETING & COMMUNICATIONS 40.00 0.00 X 287442 0 41724 DAVID CHEARO VP PLANNING & CHIEF OF STAFF 40.00 0.00 X 277532 0 59225 MARGO FOREMAN VP & CHIEF DIVERSITY OFFICER 40.00 0.00 X 217798 0 61688 JOSEPH CORAZZINI VP GOVT & COMM AFFAIRS 40.00 0.00 X 219647 0 35875 JOE MANOK VICE PRESIDENT UNIV. ADVANCEMENT 40.00 0.00 X 317020 0 61924 ALAN EISNER DEAN SCHOOL OF MANAGEMENT 40.00 0.00 X 355638 0 38137 JOHN LABRIE ASC PROVOST/DEAN OF PROF STUDIES 40.00 0.00 X 330839 0 67442 NADIA WARD DIRECTOR MOSAKOWSKI INSTITUTE 40.00 0.00 X 266029 0 39587 SEYED HAMED ALEMOHAMMAD DIR. CNTR GEOSPATIAL ANALYTICS 40.00 0.00 X 254325 0 41602 RONALD EASTMAN DIRECTOR OF CLARK LABS 40.00 0.00 X 251020 0 56806 YUKO AOYAMA ASSOC PROVOST/DEAN OF RESEARCH 40.00 0.00 X 191384 0 30138 MATTHEW MALSKY PROGRAM DIR. MCA SUPPLEMENT 40.00 0.00 X 140651 0 14279 5268381 0 855573 220 1 1 0 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION MANAGEMENT - MCAD BUILDING 35082706 SODEXO INC AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICES 7786353 CONSIGLI CONSTRUCTION CO INC 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION MGMT. - GODDARD LIBRARY 7241589 PUBLIC CONSULTING GROUP 148 STATE STREET 10TH FLOOR BOSTON MA 02109 GRANT RESEARCH 1352157 HALL CAPITAL PARTNERS LLC ONE MARITIME PLAZA 6TH FLOOR SAN FRANCISCO CA 94111 INVESTMENT FEES 1210240 56 8962723 22641595 347004 31604318 TUITION AND FEES 611310 180587622 180587622 HOUSING 721310 12675116 12675116 FOOD SERVICES 722310 7798959 7798959 GEOGRAPHIC SOFTWARE 443120 373015 373015 CAMPUS STORE 453000 225199 225199 1428930 1428930 203088841 2888763 2888763 196093 196093 532513 338863 193650 193650 193650 12341645 61997648 3868393 59806625 8473252 2191023 10664275 -715376 11379651 INSURANCE INCENTIVES/REBATES 900099 140092 140092 ENERGY INCENTIVES/GRANTS 900099 117741 117741 NEW MTK TAX CRED GAIN 900099 13294 13294 661085 661085 932212 249568152 204203852 -715376 14475358 918720 918720 95102912 95102912 197159 197159 4349011 464516 3461472 423023 44061 44061 77922554 62473495 12845555 2603504 5026693 4011989 847914 166790 7368503 5703251 1398610 266642 5259419 4109354 960179 189886 667904 667904 283624 53850 229774 288660 288660 68500 68500 3394493 3394493 9464422 7743238 1602764 118420 725035 242985 480181 1869 3533908 2533573 651172 349163 3035438 2947420 48903 39115 1511993 1157762 244860 109371 6658427 6161444 442373 54610 2781338 2568819 75921 136598 2393822 1731612 229152 433058 4518802 4118616 398717 1469 10944710 9554567 1184849 205294 1035357 12441 990336 32580 OTHER FOOD SERVICE 6570446 6570446 0 0 LIBRARY ACQUISITIONS 1486637 1486625 12 0 STUDY ABROAD/AWAY 1462513 1462513 0 0 1873203 21239473 -20772749 1406479 258888264 243234684 9003148 6650432 235854 797740 56487522 26378713 8477856 12811777 1855270 1957526 1460161 1322614 4369134 4587859 391904431 175014282 189042976 216890149 11470961 12612126 451677645 487063515 1365639 876568 2068210 2749589 728511228 768048176 23860351 20459300 10492371 9467568 154487366 154516954 12412147 11401961 201252235 195845783 X 132424916 140309313 394834077 431893080 527258993 572202393 728511228 768048176 X -9320112 54865897 1487 -603872 X 0 1 X 1 1 1 X 25963306 21420289 27337756 30850852 31604318 137176521 25963306 21420289 27337756 30850852 31604318 137176521 2660043 134516478 4195411 1258537 1741395 3804399 3617369 14617111 3928409 13294 3941703 155735335 886547802 0.86380 0.83600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NEW MTK TAX CRED GAIN - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 3,928,409. 2023 AMOUNT: $ 13,294. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 28443 0 0 28443 0 PART II-B, LINE 1: THERE WERE NO PAID LOBBYISTS FOR FY24. A SMALL PORTION OF THE PRESIDENT'S AND VP FOR GOVERNMENT AND COMMUNITY AFFAIRS' TIME IS SPENT MEETING WITH AND CALLING GOVERNMENT OFFICIALS. ADDITIONALLY, THE UNIVERSITY PAYS DUES AND/OR MEMBERSHIP FEES OF APPROXIMATELY $75,000 TO SEVERAL MEMBERSHIP ORGANIZATIONS. AN UNKNOWN PORTION OF THIS DUES MAY BE USED FOR LOBBYING ON THE UNIVERSITY'S BEHALF. THE UNIVERSITY PAID $220 TO REGISTER THE VP OF GOVERNMENT AND COMMUNITY AFFAIRS AS A LOBBYIST IN MA. X X X 0 451184606 4085720 60693758 9047642 16703914 3366149 486846379 487169065 3862820 -12067351 8920640 16446767 2412521 451184606 506185358 4737283 -135179 7663936 13761323 2193138 487169065 410636307 2172934 117723190 8110181 14118293 2118599 506185358 417571575 11816086 2331792 6724954 12260537 2097655 410636307 0.18590 0.33900 0.47510 1 0 17100676 17100676 298474660 152079895 146394765 256710 128355 128355 21975377 8949620 13025757 54097008 13856412 40240596 216890149 PARTNERSHIPS/ALTERNATIVE INVESTMENTS 486357330 F OTHER 706185 F 487063515 ANNUITIES PAYABLE 5600371 CONDITIONAL ASSET RETIREMENT OBLIGATION 2127504 PERKINS FEDERAL LIABILITY CONTRA 1163139 RIGHT OF USE LEASE OBLIGATION 943602 OTHER LIABILITIES 816947 MISC TAX AND RELATED ITEMS 750398 11401961 X PART III, LINE 1A: THE UNIVERSITY HOUSES CERTAIN COLLECTIONS OF WORKS OF ART, LITERARY WORKS AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT RECORDED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. PART III, LINE 4: CLARK UNIVERSITY HAS ART AND BOOK COLLECTIONS THAT ARE USED BY STUDENTS AND FACULTY TO ENHANCE CURRICULUM. ON OCCASION, THESE WORKS HAVE BEEN ACCESSED FOR SCHOLARLY RESEARCH. PART V, LINE 4: THE UNIVERSITY HAS ADOPTED AN ENDOWMENT INVESTMENT PHILOSOPHY, WHICH COMBINED WITH THE SPENDING RATE, ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF RETURNS THEREBY MAKING FUNDS AVAILABLE TO PROGRAMS THAT ARE SUPPORTED BY ITS ENDOWMENT, WHILE AT THE SAME TIME SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS, AS WELL AS, BOARD-DESIGNATED FUNDS. UNDER THE UNIVERSITY'S INVESTMENT POLICY AND SPENDING RATE, BOTH OF WHICH ARE APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE AN INFLATION-ADJUSTED RETURN IN EXCESS OF THE SPENDING RATE OVER A LONG PERIOD OF TIME. THE USE OF THE DISTRIBUTION IS FOR MISSION RELATED ACTIVITIES INCLUDING STUDENT SCHOLARSHIPS, LIBRARY ACQUISITIONS, RESEARCH, ACADEMIC SUPPORT, STUDENT LOANS, AND INSTRUCTION. PART X, LINE 2: THE UNIVERSITY IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PRINTED IN STUDENT HANDBOOKS, IS AVAILABLE ON THE SCHOOL WEBSITE, AND IS REFERENCED IN ALL PRINT MEDIA. THE UNIVERSITY ALSO PUBLICIZES ITS NON-DISCRIMINATORY POLICY IN ALL FACULTY AND STAFF JOB ADS. SCHEDULE E, PART I, LINE 6 TO PROVIDE FINANCIAL ASSISTANCE TO OUR STUDENTS, THE UNIVERSITY PARTICIPATES IN THE TITLE IV PROGRAM FOR PELL, DIRECT LENDING, CAMPUS WORK STUDY, AND SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS. THE PERKINS LOAN PROGRAM IS NO LONGER ACTIVE AS THE AUTHORITY FOR SCHOOLS TO MAKE NEW FEDERAL PERKINS LOANS ENDED SEPTEMBER 30, 2017. THE UNIVERSITY CONTINUES TO SERVICE EXISTING PERKINS BALANCES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS 3800 EAST ASIA AND THE PACIFIC 0 0 GRANTS 12983 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 88068 NORTH AMERICA 0 3 GRANTS 119135 SOUTH AMERICA 0 0 GRANTS 8546 SUB-SAHARAN AFRICA 0 9 GRANTS 38254 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES 34086 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES CONFERENCES 153087 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCES 8323 NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES 23542 SOUTH AMERICA 0 1 PROGRAM SERVICES CONFERENCES 12850 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES 6886 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES 15847 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INSTRUCTION 306440 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INSTRUCTION 497488 SOUTH AMERICA 0 1 PROGRAM SERVICES INSTRUCTION 26350 SOUTH ASIA 0 1 PROGRAM SERVICES INSTRUCTION 1949 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INSTRUCTION 2214 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 2178 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 8209 EUROPE (INCLUDING ICELAND & GREENLAND) 0 7 PROGRAM SERVICES PROGRAM DEVELOPMENT 77610 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 2744 NORTH AMERICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 1506 RUSSIA AND NEIGHBORING STATES 0 2 PROGRAM SERVICES PROGRAM DEVELOPMENT 9011 SOUTH AMERICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 3001 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 9269 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 786842 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 709965 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 11137 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 56660 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 1496420 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 8386 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 109554 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 122428985 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 17645000 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 11709165 0 13 0 12 0 25 457959 155977531 156435490 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 6 10798 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 22 70537 CHECK AND ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS NORTH AMERICA 1 615 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS SOUTH AMERICA 4 2453 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS SUB-SAHARAN AFRICA 1 3815 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS CENTRAL AMERICA AND THE CARIBBEAN 1 3800 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS EAST ASIA AND THE PACIFIC 3 2185 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 2 6988 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS NORTH AMERICA 9 84368 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS SOUTH AMERICA 1 5050 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS SUB-SAHARAN AFRICA 1 6550 ELECTRONIC FUNDS TRANSFER 1 0 1 1 1 0 PART I, LINE 2: RESEARCH GRANT AWARD MONITORING: RECIPIENTS OF RESEARCH GRANT AWARDS ARE INFORMED OF REQUIREMENTS IMPOSED BY PROVISIONS OF GRANT AGREEMENTS, GOVERNING LAWS AND REGULATIONS, AND REQUIREMENTS IMPOSED BY THE UNIVERSITY. THE RECIPIENT'S ACTIVITIES ARE MONITORED BY THE PI (PRINCIPAL INVESTIGATOR) AND EXPENDITURES ARE MONITORED BY THE PI AND GRANT ACCOUNTING TO ENSURE AWARDS ARE USED FOR AUTHORIZED PURPOSES IN COMPLIANCE WITH GRANT AGREEMENTS, LAWS, REGULATIONS, AND REQUIREMENTS OF THE UNIVERSITY. THE PI ENSURES THE RECIPIENT SUBMITS PROGRESS REPORTS, TECHNICAL REPORTS AND OTHER DELIVERABLES TO THE PI BY SPECIFIED DUE DATES. GRANT ACCOUNTING IS RESPONSIBLE FOR TRACKING PAYMENTS MADE TO INDIVIDUALS OR ORGANIZATIONS AND WHERE PAYMENTS ARE SENT WHEN OUTSIDE OF THE US AS REQUIRED BY THE SCHEDULES F AND I - FORM 990. PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES AND GRANTS. THE GRANT AMOUNTS ON PART I, LINE 3 INCLUDE EXPENSES RELATED TO THE GRANTS. X X X X X X 1 TRANSIT AUTHORITY FIGURES INC 38 MAIN STREET NORTHAMPTON MA 01060 DESIGN SERVICES FOR MAILPIECE AND WEBSITE 0 0 68500 -68500 68500 -68500 MA 1 CITY OF WORCESTER 340 MAIN STREET SUITE 400 WORCESTER MA 01608 046001418 115 139985 0 RESEARCH/TRAINING UNIVERSITY OF MARYLAND SERVICE BLDG ROOM 1410 COLLEGE PARK MD 20742 521125663 115 42436 0 RESEARCH ICF INTERNATIONAL 9300 LEE HIGHWAY FAIRFAX VA 22031 520893615 12573 0 RESEARCH UNIVERSITY OF MIAMI 1320 S DIXIE HIGHWAY CORAL GABLES FL 33146 590624458 115 17599 0 RESEARCH BOSTON PRIVATE INDUSTRY COUNCIL INC 2 OLIVER STREET BOSTON MA 02109 042676661 501(C)(3) 184180 0 RESEARCH/TRAINING VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY 300 TURNER STREET NW BLACKSBURG VA 24061 546001805 115 47698 0 RESEARCH WASHINGTON STATE UNIVERSITY 240 FRENCH ADMINISTRATION BLDG PULLMAN WA 99164 916001108 115 87760 0 RESEARCH WASHINGTON UNIVERSITY 700 ROSEDALE AVE CB 1034 ST LOUIS MO 63112 430653611 501(C)(3) 9895 0 RESEARCH UNIVERSITY OF CONNECTICUT 352 MANSFIELD RD STORRS CT 06269 066070722 115 52810 0 RESEARCH PARTNER4WORK 650 SMITHFIELD STREET SUITE 2400 PITTSBURGH PA 15222 251898851 501(C)(3) 222000 0 RESEARCH/TRAINING UNIVERSITY OF HAWAII 2440 CAMPUS RD OFFICE OF RESEARCH SERVICES HONOLULU HI 96822 996000354 115 12927 0 RESEARCH CAREERSOURCE TAMPA BAY 4902 EISENHOWER BLVD SUITE 250 TAMPA FL 33543 593655316 501(C)(3) 87471 0 RESEARCH/TRAINING 11 1 SCHOLARSHIPS AND EDUCATIONAL SUPPORT 4706 95102912 0 PART I, LINE 2: RESEARCH GRANT AWARD MONITORING: RECIPIENTS OF RESEARCH GRANT AWARDS ARE INFORMED OF REQUIREMENTS IMPOSED BY PROVISIONS OF GRANT AGREEMENTS, GOVERNING LAWS AND REGULATIONS, AND REQUIREMENTS IMPOSED BY THE UNIVERSITY. THE RECIPIENT'S ACTIVITIES ARE MONITORED BY THE PI (PRINCIPAL INVESTIGATOR) AND EXPENDITURES ARE MONITORED BY THE PI AND GRANT ACCOUNTING TO ENSURE AWARDS ARE USED FOR AUTHORIZED PURPOSES IN COMPLIANCE WITH GRANT AGREEMENTS, LAWS, REGULATIONS, AND REQUIREMENTS OF THE UNIVERSITY. THE PI ENSURES THE RECIPIENT SUBMITS PROGRESS REPORTS, TECHNICAL REPORTS AND OTHER DELIVERABLES TO THE PI BY SPECIFIED DUE DATES. GRANT ACCOUNTING IS RESPONSIBLE FOR TRACKING PAYMENTS MADE TO INDIVIDUALS OR ORGANIZATIONS AND WHERE PAYMENTS ARE SENT WHEN OUTSIDE OF THE US AS REQUIRED BY THE SCHEDULES F AND I - FORM 990. EDUCATIONAL ASSISTANCE: EDUCATIONAL ASSISTANCE IS AWARDED BASED ON FINANCIAL NEED AND MERIT. NEED BASED ASSISTANCE IS AWARDED AFTER REVIEW OF THE STUDENT'S FAFSA, TAX RETURN INFORMATION, W-2 STATEMENTS, AND OTHER RELEVANT FINANCIAL DOCUMENTS. STUDENTS ARE REQUIRED TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS IN ORDER TO CONTINUE TO BE ELIGIBLE FOR NEED BASED ASSISTANCE. STUDENTS' GRADE POINT AVERAGES AND EARNED UNITS ARE REVIEWED EACH ACADEMIC YEAR TO ENSURE SATISFACTORY ACADEMIC PROGRESS IS ACHIEVED. MERIT BASED EDUCATIONAL ASSISTANCE IS AWARDED TO STUDENTS VIA COMMITTEE. STUDENTS WHO ARE AWARDED MERIT BASED ASSISTANCE ARE REQUIRED TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS IN ACCORDANCE WITH THE TERMS OF THE ASSISTANCE RECEIVED. NEED AND MERIT BASED EDUCATIONAL ASSISTANCE ARE FUNDED DIRECTLY TO THE STUDENT'S ACCOUNTS RECEIVABLE BALANCE TO OFFSET TUITION, FEES, AND ROOM AND BOARD. ANY RESULTING REFUNDS ARE ISSUED TO THE STUDENT. STUDENTS ARE GRANTED RESEARCH AWARDS BY THEIR ACADEMIC DEPARTMENTS AND WORK WITH FACULTY ADVISORS WHO MONITOR THE RESEARCH PERFORMED BY THE STUDENT. ACCOUNTING METHOD: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES AND GRANTS. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DAVID FITHIAN PRESIDENT 804006 0 80371 0 9227 0 33000 0 72209 0 998813 0 0 0 DANIELLE MANNING EXECUTIVE VICE PRESIDENT & TREASURER 361953 0 35195 0 0 0 33000 0 15012 0 445160 0 0 0 SEBASTIAN ROYO PROVOST 353930 0 0 0 0 0 33000 0 38112 0 425042 0 0 0 KENDALL ISAAC GEN COUNSEL & SECRETARY 343718 0 0 0 0 0 33000 0 32337 0 409055 0 0 0 JOHN LABRIE ASC PROVOST/DEAN OF PROF STUDIES 276733 0 54106 0 0 0 29330 0 38112 0 398281 0 0 0 ALAN EISNER DEAN SCHOOL OF MANAGEMENT 350438 0 5200 0 0 0 33000 0 5137 0 393775 0 0 0 JOE MANOK VICE PRESIDENT UNIV. ADVANCEMENT 317020 0 0 0 0 0 31033 0 30891 0 378944 0 0 0 DAVID CHEARO VP PLANNING & CHIEF OF STAFF 252121 0 25411 0 0 0 26616 0 32609 0 336757 0 0 0 JILL FRIEDMAN VP MARKETING & COMMUNICATIONS 287442 0 0 0 0 0 28857 0 12867 0 329166 0 0 0 RONALD EASTMAN DIRECTOR OF CLARK LABS 251020 0 0 0 0 0 25705 0 31101 0 307826 0 0 0 NADIA WARD DIRECTOR MOSAKOWSKI INSTITUTE 266029 0 0 0 0 0 26720 0 12867 0 305616 0 0 0 SEYED HAMED ALEMOHAMMAD DIR. CNTR GEOSPATIAL ANALYTICS 254325 0 0 0 0 0 24193 0 17409 0 295927 0 0 0 MARGO FOREMAN VP & CHIEF DIVERSITY OFFICER 217798 0 0 0 0 0 23576 0 38112 0 279486 0 0 0 JOSEPH CORAZZINI VP GOVT & COMM AFFAIRS 219647 0 0 0 0 0 4488 0 31387 0 255522 0 0 0 YUKO AOYAMA ASSOC PROVOST/DEAN OF RESEARCH 191384 0 0 0 0 0 19275 0 10863 0 221522 0 0 0 ANNE RANDALL CONTROLLER AND ASST TREASURER 170656 0 0 0 0 0 16986 0 490 0 188132 0 0 0 MATTHEW MALSKY PROGRAM DIR. MCA SUPPLEMENT 140651 0 0 0 0 0 13892 0 387 0 154930 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: TWO TRIPS FOR BUSINESS PURPOSES FOR THE PRESIDENT'S SPOUSE IN THE FALL OF 2023. THE EXPENSE WAS NOT INCLUDED IN TAXABLE INCOME. HOUSING ALLOWANCE AND PERSONAL SERVICES: THE PRESIDENT IS REQUIRED TO LIVE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE FAIR MARKET VALUE OF THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT IN THE PRESIDENT'S COMPENSATION. THE VALUE OF ANY CLEANING SERVICES IS INCLUDED IN TAXABLE EARNINGS. GROSS-UP PAYMENTS: THE UNIVERSITY PAID PREMIUMS ON THE PRESIDENT'S LIFE INSURANCE POLICY, THE VALUE OF WHICH WAS GROSSED UP AND INCLUDED IN TAXABLE INCOME. SOCIAL CLUB MEMBERSHIPS: TWO SENIOR STAFF MEMBERS WERE PROVIDED SOCIAL CLUB MEMBERSHIPS FOR THE PURPOSE OF UNIVERSITY ENTERTAINING. THE COST OF THE MEMBERSHIPS WAS NOT INCLUDED IN TAXABLE INCOME. PART I, LINE 3 THE UNIVERSITY'S BOARD OF TRUSTEES HAS FORMED AN EXECUTIVE COMPENSATION COMMITTEE WHICH IS CHARGED WITH ESTABLISHING THE PRESIDENT'S COMPENSATION AND APPROVING THE PRESIDENT'S WRITTEN EMPLOYMENT CONTRACT. THE COMMITTEE ENGAGES INDEPENDENT COMPENSATION CONSULTANTS AND REVIEWS COMPARABLE INDUSTRY DATA WHEN DETERMINING THE PRESIDENT'S COMPENSATION. THE EXECUTIVE COMPENSATION COMMITTEE EVALUATES THE PRESIDENT'S COMPENSATION ANNUALLY BASED ON THE TERMS OF HIS EMPLOYMENT CONTRACT, DOCUMENTING THEIR DELIBERATIONS AND THE RESULTING APPROVAL. PART I, LINE 7 CERTAIN LISTED INDIVIDUALS RECEIVED A BONUS SUBJECT TO APPROVAL BY THE BOARD. ALYSSA SPENCER TRUSTEE DAUGHTER 44061 COMP. 0 X 20 347004 FMV 0 0 1 1 PART I, COLUMN (B): CLARK UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). PART I, LINE 32B: WHEN THE UNIVERSITY RECEIVES NONCASH CONTRIBUTIONS OF SIGNIFICANT VALUE, CLARK ENGAGES OUTSIDE APPRAISERS TO DETERMINE THE VALUE AND WORKS WITH OTHER THIRD PARTIES AS NEEDED TO SELL NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT & STRATEGIC RISK COMMITTEE OF THE BOARD OF TRUSTEES WAS AUTHORIZED AND REQUESTED TO REVIEW THE ADMINISTRATION'S DRAFT RESPONSES TO THE FORM 990. THIS WAS COMPLETED AT THE 4/3/2025 MEETING OF THE COMMITTEE. THE BOARD HAS AUTHORIZED SUBMISSION TO THE INTERNAL REVENUE SERVICE WITH THE APPROVAL OF THE AUDIT & STRATEGIC RISK COMMITTEE. IN ADDITION, A DRAFT OF THE 990 IS POSTED ON THE TRUSTEE WEB PAGE AND EACH MEMBER IS NOTIFIED OF THE OPPORTUNITY TO REVIEW BEFORE SUBMISSION. GRANT THORNTON REVIEWS THE FORM 990 THROUGHOUT ITS PREPARATION AND SIGNS THE FINAL FORM 990 AS A PAID PREPARER. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, SENIOR ADMINISTRATOR, AND FACULTY MEMBER IS REQUIRED TO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM. FACULTY FORMS ARE REVIEWED BY THE GRANTS OFFICE WITHIN THE OFFICE OF ACADEMIC AFFAIRS. TRUSTEES AND SENIOR ADMINISTRATORS' DISCLOSURES ARE REVIEWED BY THE SECRETARY OF THE CORPORATION AND THE EXECUTIVE VICE PRESIDENT, WHO IS ALSO THE TREASURER OF THE BOARD OF TRUSTEES. IF A POTENTIAL CONFLICT ARISES, THE CHAIR OF THE AUDIT AND STRATEGIC RISK COMMITTEE WILL MEET WITH THE MEMBERS OF THE AUDIT AND STRATEGIC RISK COMMITTEE TO REVIEW THE POTENTIAL CONFLICT AND, IN CONSULTATION WITH THE BOARD CHAIR, MAKE A DETERMINATION ON WHAT, IF ANY, ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE UNIVERSITY'S PRESIDENT, OTHER OFFICERS AND KEY EMPLOYEES IS BASED UPON THE REBUTTABLE PRESUMPTION THAT A TRANSACTION IS NOT AN EXCESS BENEFIT TRANSACTION, TO ESTABLISH THE PRESUMPTION OF REASONABLE COMPENSATION. THE UNIVERSITY'S BOARD OF TRUSTEES HAS FORMED AN EXECUTIVE COMPENSATION COMMITTEE WHICH IS CHARGED WITH ESTABLISHING THE PRESIDENT'S COMPENSATION AND APPROVING THE PRESIDENT'S WRITTEN EMPLOYMENT CONTRACT. THE COMMITTEE ENGAGES INDEPENDENT COMPENSATION CONSULTANTS AND REVIEWS COMPARABLE INDUSTRY DATA WHEN DETERMINING THE PRESIDENT'S COMPENSATION. BENEFITS AND COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BASED ON BENCHMARKING TOTAL COMPENSATION AT COMPARABLE INSTITUTIONS USING INPUT FROM SEARCH FIRMS AND OTHER EXTERNAL RESOURCES AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 CLARK UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS ARE ALL CONSIDERED PUBLIC DOCUMENTS. THE GOVERNING DOCUMENTS, INCLUDING THE PROVISIONS OF JONAS CLARK'S WILL, THE BY-LAWS OF THE UNIVERSITY AND THE ARTICLES OF INCORPORATION ARE AVAILABLE FOR VIEWING IN GODDARD LIBRARY AND ARE ALSO PUBLICLY AVAILABLE AS A RESULT OF SEVERAL PUBLIC DEBT ISSUANCES THROUGH THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA). FINANCIAL STATEMENTS ARE SIMILARLY AVAILABLE AND ARE ALSO POSTED ON THE UNIVERSITY'S WEBSITE AND THROUGH GUIDESTAR. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST FROM THE BOARD OF TRUSTEES AND THE OFFICE OF SPONSORED PROGRAMS AND RESEARCH. FORM 990, PART VII, SECTION A, LINE 1A: MATTHEW MALSKY IS LISTED AS A FORMER KEY EMPLOYEE AS HE NO LONGER HOLDS THE POSITION THAT DESIGNATED HIM AS A KEY EMPLOYEE IN PRIOR YEARS. HE IS, HOWEVER, STILL EMPLOYED BY THE UNIVERSITY AS FACULTY. YUKO AOYAMA IS LISTED AS FORMER DUE TO A CHANGE IN THE CRITERIA FOR KEY EMPLOYEES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -1,222,315. CHANGE IN VALUE OF BENEFICIAL INTEREST IN OUTSIDE TRUST 681,379. STUDENT LOAN ACTIVITY - NET -125,460. CHANGE IN POST-RETIREMENT HEALTH OBLIGATION 62,524. JONAS REALTY CORP 950 MAIN STREET WORCESTER MA 01610 475234687 SUPPORT THE TRUSTEES OF CLARK UNIVERSITY UNDER SECTION 501(C)(3). MA 501(C)(3) LINE 11 TRUSTEES OF CLARK UNIVERSITY 1 CHARITABLE REMAINDER TRUST (18) 950 MAIN STREET WORCESTER MA 01610 CHARITABLE TRUST MA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0