2025-04-15T13:24:06-05:00 2024-05-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2023-06-01 042105776 ASSUMPTION UNIVERSITY ASSU 5087677000 500 SALISBURY STREET WORCESTER MA 016091296 E JANE CLAPP CHIEF FINANCIAL OFFICER 5087677000 2025-04-10 1 0 LYNNE JOHNSON P00757336 6179129000 2023 2025-03-06 01:10:19Z GREGORY WEINER 500 SALISBURY STREET WORCESTER MA 016091296 145057776 0 X WWW.ASSUMPTION.EDU X 1904 MA HIGHER EDUCATION OF MEN AND WOMEN. ASSUMPTION UNIVERSITY STRIVES TO FORM GRADUATES KNOWN FOR CRITICAL INTELLIGENCE, THOUGHTFUL CITIZENSHIP AND COMPASSIONATE SERVICE. 26 26 1093 75 16387 13848 8062333 8372378 103836251 107658831 3141912 8865793 1867336 2246546 116907832 127143548 51014359 54246487 0 0 41212373 41011411 17979 1030 1629303 29750820 34040150 121995531 129299078 -5087699 -2155530 237826109 239289169 47624036 43834397 190202073 195454772 X ASSUMPTION UNIVERSITY IS A COMPREHENSIVE, CATHOLIC LIBERAL ARTS INSTITUTION SPONSORED BY THE AUGUSTINIANS OF THE ASSUMPTION. WE AWAKEN IN STUDENTS A SENSE OF WONDER, DISCOVERY, AND PURPOSE, FORMING GRADUATES KNOWN FOR THEIR INTELLECTUAL SERIOUSNESS, THOUGHTFUL CITIZENSHIP, AND DEVOTION TO THE COMMON GOOD. OUR CURRICULAR AND CO-CURRICULAR PROGRAMS PROVIDE STUDENTS WITH AN EDUCATION THAT SHAPES THEIR SOULS, FORMS THEM INTELLECTUALLY, AND PREPARES THEM FOR MEANINGFUL CAREERS. WE ARE A DIVERSE COMMUNITY THAT WELCOMES DIFFERENT POINTS OF VIEW AND EMBRACES ALL WHO SHARE OUR MISSION. ENLIVENED BY THE CATHOLIC AFFIRMATION OF THE HARMONY OF FAITH AND REASON, AND BY THE PURSUIT OF THE TRUTH IN THE COMPANY OF FRIENDS, AN ASSUMPTION EDUCATION TRANSFORMS THE MIND AND HEARTS OF STUDENTS. 0 0 103936324 54246487 88023673 HIGHER EDUCATION: OFFERS COMPREHENSIVE COLLEGE DEGREE PROGRAMS AT BOTH UNDERGRADUATE AND GRADUATE LEVELS. IN FISCAL YEAR 2024, A TOTAL OF 415 UNDERGRADUATE DEGREES AND 138 GRADUATE DEGREES WERE AWARDED. 17816040 0 21865317 AUXILIARY ENTERPRISES: PROVIDED ON CAMPUS HOUSING TO APPROXIMATELY 1,800 STUDENTS. PROVIDED BOARD, BOOKS, ETC. TO APPROXIMATELY 2,000 STUDENTS. 121752364 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 1 208 0 1 1093 1 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X E JANE CLAPP 5087677000 500 SALISBURY STREET WORCESTER MA 016091296 CHRISTINE C MARCKS TRUSTEE 2.00 0.00 X 0 0 0 ANDREW S VIENS TRUSTEE 2.00 0.00 X 0 0 0 CAROLYN M CLANCY TRUSTEE 2.00 0.00 X 0 0 0 CARL M CAFARO TRUSTEE 2.00 0.00 X 0 0 0 EDDA COLON-IRIZZARY TRUSTEE (THRU 5/15/2024) 2.00 0.00 X 0 0 0 ELIZABETH PAQUETTE TRUSTEE (AS OF 05/31/24) 2.00 0.00 X 0 0 0 VIRGINIA RENTKO TRUSTEE (AS OF 05/31/24) 2.00 0.00 X 0 0 0 SUZANNE M BESNIA ESQ TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN F KNOTT TRUSTEE (AS OF 05/31/24) 2.00 0.00 X 0 0 0 SR CLARE TERESA TJADER RA TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN T SKOLY JR DMD TRUSTEE 2.00 0.00 X 0 0 0 RICHARD P BURKE JR TRUSTEE 2.00 0.00 X 0 0 0 RICHARD J CATRAMBONE TRUSTEE 2.00 0.00 X 0 0 0 REV VINCENT LECLERCQ AA TRUSTEE 2.00 0.00 X 0 0 0 REV PETER R PRECOURT AA TRUSTEE 2.00 0.00 X 0 0 0 REV MARCEL POIRIER AA TRUSTEE 2.00 0.00 X 0 0 0 REV JOHN L FRANCK AA TRUSTEE 2.00 0.00 X 0 0 0 REV EDWARD SHATOV AA TRUSTEE 2.00 0.00 X 0 0 0 MICHEAL J KELLY PHD TRUSTEE 2.00 0.00 X 0 0 0 MARTHA MARTINI RICE TRUSTEE (AS OF 05/31/24) 2.00 0.00 X 0 0 0 SHARON BROVELLI TRUSTEE 2.00 0.00 X 0 0 0 EMMANUEL LARBI TRUSTEE 2.00 0.00 X 0 0 0 MAJ ROBERT CATALANOTTI TRUSTEE 2.00 0.00 X 0 0 0 JON WEAVER TRUSTEE 2.00 0.00 X 0 0 0 FR RICHARD LAMOUREUX TRUSTEE 2.00 0.00 X 0 0 0 CANDACE A RACE CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 FR CHI AI NGUYEN VICE CHAIR 2.00 0.00 X X 0 0 0 GREGORY WEINER PRESIDENT 40.00 0.00 X 400329 0 98078 PETER WELLS TREASURER, VP FIN. & ADMIN 40.00 0.00 X 263212 0 49836 MARC GUERRA PROVOST 40.00 0.00 X 207254 0 46083 CHRISTINA GRAZIANO GENERAL COUNSEL/VP STRATEGY 40.00 0.00 X 162568 0 6553 MAUREEN HALLEY CMO (THRU 06/30/23) 40.00 0.00 X 73709 0 9933 WILLIAM BOFFI VP ENROLLMENT 40.00 0.00 X 233166 0 45286 CONWAY CAMPBELL VP STUDENT SUCCESS 40.00 0.00 X 170691 0 43019 JILL ABRAHAMS VP ADVANCEMENT 40.00 0.00 X 178429 0 17892 PATRICK CULLEN DEAN 40.00 0.00 X 205809 0 32133 KEVIN HICKEY PROFESSOR 40.00 0.00 X 236162 0 17351 CAITLIN STOVER DEAN 40.00 0.00 X 186215 0 17013 CHRISTOPHER FERREIRA DEAN 40.00 0.00 X 171390 0 39124 RAYMOND ALBERT DIRECTOR OF CYBERSECURITY 40.00 0.00 X 206186 0 30094 FRANCESCO CESAREO FORMER PRESIDENT 0.00 0.00 X 430500 0 0 PAUL DOUILLARD FORMER INTERIM PROVOST 40.00 0.00 X 103125 0 9226 3228745 0 461621 56 1 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 DINING AND FACILITIES SERVICES 7985376 DYNAMIC CAMPUS SOLUTIONS 2806 FLINTROCK TRACE STE A205 AUSTIN TX 78738 INFORMATION TECH SERVICES 2296396 LAURING CONSTRUCTION 23 BRIGHAM RD WORCESTER MA 01609 GENERAL CONTRACTOR 2133596 3 ENROLLMENT MARKETING 352 MAIN ST ONEONTA NY 13820 ENROLLMENT AND MARKETING 722031 DIVERDI BUILDERS 789 WACHUSETT ST HOLDEN MA 01520 GENERAL CONTRACTOR 638133 37 5431215 2941163 38549 8372378 TUITION AND FEES 611310 88023673 88023673 AUXILIARY SERVICES 611310 19635158 19618771 16387 107658831 3134782 3134782 22951034 694205 17914228 0 5036806 694205 5731011 5731011 ATHLETIC PROGRAMS 611310 728971 728971 GLOBAL INITIATIVE PROGRAM 611310 441950 441950 EXTRACURRICULAR ACTIVITIES 611310 122998 122998 952627 952627 2246546 127143548 109888990 16387 8865793 300000 300000 53946487 53946487 2059508 698083 952900 408525 29713344 27517027 1661317 535000 1860884 1618969 193765 48150 5081196 4339180 660555 81461 2296479 1997936 254910 43633 10374378 9959403 383852 31123 529777 436262 84765 8750 126584 126584 1030 1030 132000 112332 19668 1720683 1404176 316507 622273 547600 57872 16801 3343359 3009023 234370 99966 2172108 2041347 82247 48514 612504 589503 23001 685752 677456 3946 4350 629291 591432 35342 2517 4888824 4594702 206127 87995 1159298 1110492 46372 2434 EVENTS 1811856 1711026 100830 PROJECTS 1291154 1291154 ATHLETIC SPONSORED ACT. 531698 531698 STUDENT ACT. ASSOC. 383250 383250 3025361 2343826 596312 85223 129299078 121752364 5917411 1629303 86795 61044 15836595 18611962 3203880 2318958 968595 1151368 219526 369058 1457252 1598691 194785348 90238656 106588557 104546692 91564695 90774073 15831439 17265900 2068775 2591423 237826109 239289169 6566604 5615752 5502573 4989759 33376707 31010545 2178152 2218341 47624036 43834397 X 143168074 140986406 47033999 54468366 190202073 195454772 237826109 239289169 X -2155530 7046917 361312 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1207696 X X 0 102793975 2234177 14719466 1174262 10889327 107684029 108227034 2833592 243572 1396769 7113454 102793975 101791191 19616560 -9712555 3468162 108227034 82904251 564179 22664982 998357 3343864 101791191 102942073 479172 3149005 5665999 18000000 82904251 0.56000 0.44000 0.00000 0 0 2250548 2250548 168267335 76791509 91475826 22745088 13447147 9297941 1522377 1522377 104546692 ALTERNATIVE INVESTMENTS 17265900 F 17265900 ANNUITY OBIGATIONS 435168 ASSET RETIREMENT OBLIGATION 299041 REFUNDABLE GOVERNMENT STUDENT LOANS 789216 OPERATING LEASE LIABILITY 694916 2218341 X 80624093 7046917 18803 -53585175 -46519455 127143548 0 127143548 75371394 18803 18803 75352591 53946487 53946487 129299078 PART III, LINE 4: ST. JOHN'S BIBLE, FR. D'ALZON STATUE, SAINT AUGUSTINE STATUE, CHRIST THE HEALER STATUE AND STAINED GLASS WINDOWS ARE LOCATED ON CAMPUS AS PART OF OUR MISSION AS A CATHOLIC INSTITUTION. IN ADDITION, THERE IS A BOOK COLLECTION FROM FR. TAVARD IN THE UNIVERSITY'S LIBRARY. PART V, LINE 4: THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE FOR FINANCIAL ASSISTANCE AND SCHOLARSHIPS FOR STUDENTS ATTENDING THE UNIVERSITY, AND FOR ADDITIONAL FACILITIES AND FACULTY DEVELOPMENT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE UNIVERSITY RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. THE UNIVERSITY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS -53,946,487. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 144,518. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 216,794. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 53,946,487. 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 NOTICE OF NON DISCRIMINATION POLICY IS MAILED TO EACH STUDENT. IN ADDITION NOTICES ARE POSTED ON CAMPUS BULLETIN BOARDS AND UNIVERSITY WEBSITE. THE UNIVERSITY CATALOG ALSO CONTAINS THE COMPLETE POLICY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY IS AWARDED FEDERALLY FUNDED AID TO DISBURSE TO QUALIFIED STUDENTS. THE UNIVERSITY RECEIVED FUNDING FROM GOVERNMENTAL AGENCIES IN THE FORM OF PELL GRANTS OF $2,046,344, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT OF $408,951, FEDERAL WORK STUDY OF $294,856, DEPARTMENT OF EDUCATION OF $217,579, FEDERAL EMERGENCY MANAGEMENT AGENCY OF $891,712 AND OTHER FEDERAL & STATE GRANT REVENUE OF $1,571,773. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 13369738 EUROPE 1 1 PROGRAM SERVICES STUDY ABROAD CAMPUS AND PROGRAM 413080 1 1 0 0 1 1 13782818 0 13782818 1 0 1 1 0 0 1 THE AUGUSTINIANS OF THE ASSUMPTION 330 MARKET STREET BRIGHTON MA 02135 501(C)(3) 300000 0 GENERAL PURPOSE 1 INSTITUTIONAL & ENDOWED GRANTS/SCHOLARSHIPS 1823 49512205 BOOK CREDIT TO STUDENT ACCOUNTS PELL 390 2046344 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 230 408951 MA AND OTHER STATE SCHOLARSHIPS 469 1394245 FEDERAL WORK STUDY 188 381309 DEPARTMENT OF EDUCATION RC GRANT 13 203433 PART I, LINE 2: THE UNIVERSITY'S FINANCIAL AID OFFICE FOLLOWS ALL REGULATIONS WHEN AWARDING GRANTS AND SCHOLARSHIPS. STUDENT'S ELIGIBILITY IS REVIEWED EACH TERM TO ENSURE COMPLIANCE WITH AWARDING INSTITUTIONAL, FEDERAL AND STATE AID WITH POLICIES AND PROCEDURES. THE UNIVERSITY ALSO FILES ANNUAL STATE GRANT YEAR END REPORTING, FISAP AND IPEDS DATA. STUDENT ELIGIBILITY IS BASED ON THEIR PER TERM STANDING AND AID IS EVALUATED BASED ON THEIR ENROLLMENT. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 GREGORY WEINER PRESIDENT 398397 0 0 0 1932 0 72037 0 26041 0 498407 0 0 0 FRANCESCO CESAREO FORMER PRESIDENT 0 0 0 0 430500 0 0 0 0 0 430500 0 0 0 PETER WELLS TREASURER, VP FIN. & ADMIN 259600 0 0 0 3612 0 24050 0 25786 0 313048 0 0 0 WILLIAM BOFFI VP ENROLLMENT 229554 0 0 0 3612 0 21546 0 23740 0 278452 0 0 0 KEVIN HICKEY PROFESSOR 76102 0 0 0 160060 0 6886 0 10465 0 253513 0 0 0 MARC GUERRA PROVOST 204824 0 0 0 2430 0 17960 0 28123 0 253337 0 0 0 PATRICK CULLEN DEAN 205035 0 0 0 774 0 8127 0 24006 0 237942 0 0 0 RAYMOND ALBERT DIRECTOR OF CYBERSECURITY 204998 0 0 0 1188 0 18649 0 11445 0 236280 0 0 0 CONWAY CAMPBELL VP STUDENT SUCCESS 169066 0 0 0 1625 0 14364 0 28655 0 213710 0 0 0 CHRISTOPHER FERREIRA DEAN 171210 0 0 0 180 0 15868 0 23256 0 210514 0 0 0 CAITLIN STOVER DEAN 185945 0 0 0 270 0 16758 0 255 0 203228 0 0 0 JILL ABRAHAMS VP ADVANCEMENT 174733 0 0 0 3696 0 0 0 17892 0 196321 0 0 0 CHRISTINA GRAZIANO GENERAL COUNSEL/VP STRATEGY 162127 0 0 0 441 0 0 0 6553 0 169121 0 0 0 PAUL DOUILLARD FORMER INTERIM PROVOST 102610 0 0 0 515 0 9190 0 36 0 112351 0 0 0 PART I, LINE 1A GREGORY WEINER, THE PRESIDENT, RECEIVED COUNTRY CLUB MEMBERSHIP DUES WHICH WERE TREATED AS NONTAXABLE AS A WORKING CONDITION FRINGE BENEFIT UNDER IRC SECTION 132. THIS AMOUNT IS INCLUDED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE UNIVERSITY HOLDS FUNDRAISERS AT THE COUNTRY CLUB AND THE MEMBERSHIP IS USED FOR CULTIVATING DONORS AND CAPITAL CAMPAIGN RELATED FUNCTIONS. PART I, LINES 4A-B THE FOLLOWING INDIVIDUALS LEFT THEIR POSITIONS DURING THE YEAR AND RECEIVED SEVERANCE PAYMENTS REPORTED IN PART II, COLUMN (B)(III): - FRANCESCO CESAREO $430,500 - KEVIN HICKEY $159,545 - MAUREEN HALLEY $11,375 GREGORY WEINER, THE PRESIDENT, PARTICIPATED IN A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). IN 2023, $35,000 WERE CONTRIBUTED TO THIS PLAN, AND THIS AMOUNT HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN C. NO DISTRIBUTIONS WERE MADE FROM THE PLAN. A MA DEVELOPMENT FINANCE AGENCY 043431814 2014-06-06 9720000 SEE PART VI 0 0 0 B MA DEVELOPMENT FINANCE AGENCY 043431814 2016-09-30 32000000 SEE PART VI 0 0 0 A 5760000 9720000 75300 9644700 2000 1 0 1 1 B 4805000 32000000 138850 15000000 16861150 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2014) (F) DESCRIPTION OF PURPOSE: REFUNDING 2000A ISSUE (A) ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2016) (F) DESCRIPTION OF PURPOSE: CONSTRUCTION OF NEW BUILDING AND REDEEM A PORTION OF SERIES 2012 BONDS SUZAN BRINKER SEE PART V 408460 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: SUZAN BRINKER(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CO-OWNER OF VIV EDUCATION (VENDOR) AND FRACTIONAL CMO OF THE UNIVERSITY(D) DESCRIPTION OF TRANSACTION: MARKETING SERVICES X 4 38549 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS TOTAL NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT (CHIEF FINANCIAL OFFICER) REVIEWS THE FORM 990 FILING IN A DRAFT FORM AND THEN DISTRIBUTES TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DURING THE FALL OF EACH YEAR, THE SECRETARY OF THE BOARD MAILS TO ALL UNIVERSITY TRUSTEES AND OFFICERS A QUESTIONNAIRE ASKING THEM TO DISCLOSE ANY RELATED PARTY TRANSACTIONS WITH THE UNIVERSITY. A TOTAL OF SEVEN QUESTIONS ARE ASKED. THE MEMORANDUM EXPLAINS THE NECESSITY OF COMPLETING THE RELATED PARTY QUESTIONNAIRE AND EMPHASIZED THE FACT THAT THE UNIVERSITY EXPECTS A 100% RESPONSE. IN ADDITION TO THE QUESTIONNAIRE AND MEMORANDUM, THE TRUSTEES AND OFFICERS ALSO RECEIVE A TWO PAGE INSTRUCTIONAL DOCUMENT WHICH EXPLAINS IN SIMPLE TERMS WHAT A CONFLICT OF INTEREST IS AND WHY FULL DISCLOSURE OF A REAL OR PERCEIVED CONFLICT OF INTEREST IS IMPORTANT. THIS DOCUMENT ALSO INCLUDES A NUMBER OF RECOMMENDATIONS ON THE SUBJECT PUT FORTH BY THE MASSACHUSETTS ATTORNEY GENERAL. ONCE COMPLETED, THE QUESTIONNAIRES ARE RETURNED TO THE SECRETARY OF THE BOARD WHO MONITORS THEIR RESPONSE AND FOLLOWS UP WITH THOSE TRUSTEES AND OFFICERS WHO ARE TARDY IN COMPLETING AND RETURNING THEIR QUESTIONNAIRES. ANY INDIVIDUAL WHO IT IS DETERMINED HAS A CONFLICT OF INTEREST CANNOT PARTICIPATE IN THE VOTE RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE, MADE UP OF FOUR UNIVERSITY TRUSTEES (THE CHAIR, THE VICE CHAIR, THE CHAIR OF THE FINANCE COMMITTEE, AND THE CHAIR OF THE STUDENT EXPERIENCE COMMITTEE), ESTABLISHES THE COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY ON AN ANNUAL BASIS. THE COMPENSATION COMMITTEE USES COMPARABLE DATA WHICH IS PUBLISHED ANNUALLY IN THE CHRONICLE OF HIGHER EDUCATION AND REPORTS RECEIVED FROM INDEPENDENT COMPENSATION CONSULTANTS. ADDITIONALLY, THE ENTIRE BOARD CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT. OTHER OFFICERS AND KEY EMPLOYEES ARE NORMALLY REVIEWED BY THE PRESIDENT OF THE UNIVERSITY WHO MAKES AN ADJUSTMENT IN THEIR SALARY BASED ON PERFORMANCE FACTORS AND ALSO BASED ON THE CHRONICLE OF HIGHER EDUCATION. THE COMPENSATION OF THE VICE PRESIDENTS IS REVIEWED BY THE COMPENSATION COMMITTEE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FOR INTERESTED THIRD PARTIES, ALL OF THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 (PUBLIC DISCLOSURE COPY) AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST FROM THE SECRETARY AT ASSUMPTION UNIVERSITY (500 SALISBURY STREET, WORCESTER, MA 01609) FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FOR ALL EMPLOYEES OF THE UNIVERSITY, ALL OF THE POLICIES AND PROCEDURES INCLUDING THE WHISTLEBLOWER POLICY, CONFLICT OF INTEREST POLICY AND OTHERS ARE AVAILABLE VIA OUR INTERNAL ONLINE PORTAL SYSTEM. A COPY OF THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA CANDID (FKA GUIDESTAR) AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 144,518. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 216,794. CHARITABLE REMAINDER TRUST (1) CHARITABLE REMAINDER TRUST MA ASSUMPTION UNIVERSITY 0 CHARITABLE REMAINDER TRUST (1) CHARITABLE REMAINDER TRUST RI ASSUMPTION UNIVERSITY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0