2025-05-14T15:06:38-04:00 2024-06-30 WITHUMSMITHBROWNPC 155 SEAPORT BOULEVARD BOSTON MA 02210 990 2023-07-01 042103865 BAY PATH UNIVERSITY % JOHN O'ROURKE BAYP 4135651219 588 LONGMEADOW STREET LONGMEADOW MA 01106 MICHAEL GIAMPIETRO SR VP FIN. & ADMIN. 4135651219 2025-05-14 true true RICHARD RUVELSON P00234075 6172273333 2023 2025-03-06 01:10:19Z MICHAEL GIAMPIETRO 588 LONGMEADOW STREET LONGMEADOW MA 01106 96990525 false X www.baypath.edu X 1940 MA A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES 30 30 1038 351 1218 218 5404609 10932071 54755472 53651979 899106 2266850 622638 482675 61681825 67333575 17347924 12477168 0 0 30100582 33062096 0 0 804078 14466648 21155340 61915154 66694604 -233329 638971 126885753 134395079 23304017 23029020 103581736 111366059 X BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES WITH AN INNOVATIVE APPROACH TO LEARNING THAT PREPARES STUDENTS TO FLOURISH IN A CONSTANTLY CHANGING WORLD. (SEE SCH O). false false 53398761 12403010 51648566 THE UNIVERSITY PROVIDES INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, AND STUDENT FINANCIAL AID TO CARRY OUT ITS EXEMPT PURPOSES, SERVING APPROXIMATELY 3,400 STUDENTS. 2566900 2494195 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, AND STAFF. THIS INCLUDES DINING SERVICES, STUDENT HOUSING, THE BOOKSTORE, AND OTHER MISCELLANEOUS SERVICES.THE UNIVERSITY SERVED APPROXIMATELY 3,400 STUDENTS, INCLUDING APPROXIMATELY 215 RESIDENT STUDENTS. 55965661 true true false false false false false false true true true true false false true true true false true false true false false true true false false true true true true false false false false false false false false false false true false false false false false false false false true 315 0 true 1038 true true true false false false false true true false false false false false false X 30 30 false false false false false false false true true false false true true true true true true true true false MA X JOHN O'ROURKE 4135651219 588 LONGMEADOW STREET LONGMEADOW MA 01106 X Sandra Doran President 55.0 0.0 X 468000 0 64737 Michael Giampietro Senior VP Finance & Admin Svcs 50.0 0.0 X 251867 0 49103 Frank Rojas Vice President of Enrollment 50.0 0.0 X 227835 0 48544 John Caron Special Advisor to the Pres. 50.0 0.0 X 244688 0 19424 Jeremy Anderson VP for Learning Innovation, Te 50.0 0.0 X 224611 0 18276 Kathleen Bourque VP for University Relations 50.0 0.0 X 214533 0 19921 Melissa Morriss-Olsen Distinguished Prof HELOS & Fou 50.0 0.0 X 187555 0 24433 Crystal Neuhauser VICE PRESIDENT OF INSTITUTIONA 50.0 0.0 X 168781 0 32546 Theresa Devito Dean, School of Health Science 50.0 0.0 X 185774 0 14262 Andrew Anderlonis Trustee 1.0 0.0 X 0 0 0 Kirk Arnold Trustee 1.0 0.0 X 0 0 0 TANIA BARBAR Trustee 1.0 0.0 X 0 0 0 Delcie Bean Trustee 1.0 0.0 X 0 0 0 Daniel Bishop Trustee 1.0 0.0 X 0 0 0 Carrie Burr Trustee 1.0 0.0 X 0 0 0 Mary Bushnell Trustee 1.0 0.0 X 0 0 0 Julia Byers Trustee 1.0 0.0 X 0 0 0 Andrea Cataldo Trustee 1.0 0.0 X 0 0 0 Lamont Clemons Trustee 1.0 0.0 X 0 0 0 Miranda Dal Zovo Trustee 1.0 0.0 X 0 0 0 Jo-Ann Davis Trustee 1.0 0.0 X 0 0 0 Laura Grondin Trustee 1.0 0.0 X 0 0 0 Ann Hammer Trustee 1.0 0.0 X 0 0 0 Pia Kumar Trustee 1.0 0.0 X 0 0 0 Andrew Lam Trustee 1.0 0.0 X 0 0 0 Eric Lesser Trustee 1.0 0.0 X 0 0 0 Grace Makari-Judson Trustee 1.0 0.0 X 0 0 0 Stefano Martini Trustee 1.0 0.0 X 0 0 0 Rodger Metzger Trustee 1.0 0.0 X 0 0 0 Robyn Newhouse Trustee 1.0 0.0 X 0 0 0 Lori Roop Trustee 1.0 0.0 X 0 0 0 Kathleen Schuster Trustee 1.0 0.0 X 0 0 0 Mary Ann Spencer Trustee 1.0 0.0 X 0 0 0 Brian Tuohey Trustee 1.0 0.0 X 0 0 0 Wayne Webster Trustee 1.0 0.0 X 0 0 0 Jeanette Weldon Trustee 1.0 0.0 X 0 0 0 Danielle Williams Trustee 1.0 0.0 X 0 0 0 Ham Wilson Trustee 1.0 0.0 X 0 0 0 Michelle Wirth Trustee 1.0 0.0 X 0 0 0 2173644 0 291246 18 false true false ARAMARK SERVICES INC 588 LONGMEADOW STREET LONGMEADOW MA 01106 FOOD SERVICE 1324231 GOOGLE INC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 ADVERTISING 1158486 HOLLAND KNIGHT LLP PO BOX 936937 ATLANTA GA 311936937 LEGAL SERVICES 876000 ARTHUR J GALLAGHER RISK MANAGEMENT 500 VICTORY ROAD QUINCY MA 02171 MANAGEMENT 596684 451 MARKETING LLC 100 N WASHINGTON STREET BOSTON MA 02114 MARKETING 441290 21 390894 8105143 2436034 194684 10932071 TUITION 611600 50645043 50645043 RESIDENCE AND DINING 611710 2494195 2494195 WOMEN'S CONFERENCE 611710 512741 512741 53651979 1790976 1790976 0 0 165675 68153 97522 0 97522 97522 29500262 397569 29071843 350114 428419 47455 475874 475874 45900 390894 166840 -120940 -120940 0 0 0 0 0 0 OTHER 900099 492000 490782 1218 FOOD SERVICE 624200 14093 14093 506093 67333575 54156854 1218 2243432 74158 74158 12403010 12403010 0 0 1926096 635954 1290142 0 25916232 21177482 4239258 499492 1297387 1016455 257657 23275 1838474 1502311 300729 35434 2083907 1632666 413856 37385 183356 179551 3805 119036 119036 127383 127383 0 0 0 6083565 5163666 807873 112026 2164135 2118032 46103 1035418 894236 94917 46265 708917 706738 2179 0 1372230 1039822 332408 195249 152577 37176 5496 0 130241 105443 24798 449310 353962 95348 0 2249447 1987049 262398 593495 593495 GRANT EXPENSES 2847910 2847910 STUDENT BOARD 1086395 1086395 BAD DEBT 580049 580049 FOOD SERVICE 404905 314509 90396 824299 573735 205859 44705 66694604 55965661 9924865 804078 8676057 6639394 0 0 52842 442291 2038587 5570273 0 0 0 0 867245 718371 0 0 1004747 1071184 85231387 56940329 30519286 28291058 76677347 82914480 6919038 8628655 0 0 0 0 130604 119373 126885753 134395079 2485678 2978431 182564 115318 4271279 4180740 13895827 13194018 8760 8767 0 0 0 0 0 0 2459909 2551746 23304017 23029020 X 76256498 81863491 27325238 29502568 103581736 111366059 126885753 134395079 638971 7145352 X false true X true true true X 6226327 5806972 9357422 5404609 10932071 37727401 0 0 6226327 5806972 9357422 5404609 10932071 37727401 0 37727401 1205583 868987 649146 888280 1888498 5500494 0 0 0 1739 1069 2808 4129 0 131237 245214 504875 885455 44116158 0.85518 0.79417 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 67320769 1212472 8147013 920950 1321957 74437347 63497710 978961 3377938 525131 8710 67320768 74121880 575749 -10868928 330990 0 63497711 55345804 854445 18234993 293716 19646 74121880 53589753 1496730 592650 311643 21686 55345804 0.67230 0.27130 0.05640 true false 6042206 6042206 708577 53457815 33703298 20463094 42185 28771 13414 13481869 12942885 538984 11498135 10265375 1233360 28291058 PRIVATE EQUITY 380239 F HEDGE FUNDS 8248416 F 8628655 0 OTHER LONG TERM LIABILITIES 2325868 LEASE LIABILITY 119373 ANNUITY OBLIGATIONS 106505 2551746 X 62075917 6222003 -12403010 -6181007 68256924 -923349 -923349 67333575 54291594 54291594 12403010 12403010 66694604 PART IV, LINE 2B - ESCROW ARRANGEMENTS: THE UNIVERSITY HOLDS TUITION DEPOSITS RECEIVED FROM STUDENTS. IN ADDITION, THE UNIVERSITY OWNS AND RENTS RESIDENTIAL PROPERTIES NEAR THE CAMPUS. THE TENANTS' SECURITY DEPOSITS ARE MAINTAINED IN ESCROW ACCOUNTS AT A LOCAL BANK. PART X, LINE 2 - UNCERTAIN TAX POSITIONS UNDER FASB ASC 740: The University is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. As a not-for-profit entity exempt from income taxes, the University may, however, be subject to tax on unrelated business income. Tax positions taken or expected to be taken in the course of preparing the University's tax returns, including the position that the University qualifies as a tax-exempt organization, are required to be evaluated to determine whether the tax positions are more likely than not to be upheld under regulatory review. The University has assessed its tax-exempt status, its tax filings, and related tax positions and determined that there are no uncertain tax positions. The University's tax filings from 2021 through 2024 are open for examination by the tax authorities. Any tax assessed upon examination would be recorded as expense in the statement of activities. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS $(12,403,010). PART XI, LINE 4B - OTHER ADJUSTMENTS: NET RETURN ON INVESTMENTS $ (876,183). RENTAL EXPENSE (47,166). ----------- TOTAL TO SCHEDULE D, PART XI, LINE 4B $ (923,349). PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL PROPERTY EXPENSE $ 47,166. other expenses $ 41,140. -------- TOTALTO SCHEDULE D, PART XII, LINE 2D $ 88,306. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS $12,403,010. SCHEDULE D, PART V, LINE 4 - ENDOWMENT FUND: THE UNIVERSITY'S ENDOWMENT FUND IS AN INVESTMENT PORTFOLIO COMPRISED OF DONOR-RESTRICTED (TRUE) AND BOARD-DESIGNATED (QUASI) ENDOWMENT FUNDS. THE INTENTIONS OF THE FUND ARE TO GENERATE A TOTAL RETURN THAT PRESERVES THE LONG-TERM REAL PURCHASING POWER OF THE ENDOWMENT FUNDS AND PROVIDES A RELATIVELY PREDICTABLE AND INCREASING REVENUE STREAM TO BE USED FOR DONOR-SPECIFIED AND BOARD DESIGNATED PURPOSES THAT SUPPORT THE MISSIONS OF THE UNIVERSITY. FOR SCHEDULE D, UNIVERSITY CONTRIBUTIONS INCLUDE FUNDS TRANSFERRED FROM DONOR RESTRICTED FUNDS TO THE UNRESTRICTED QUASI-ENDOWMENT FUND TO SUPPORT THE DONOR-RESTRICTED SCHOLARSHIPS AWARDED DURING THE YEAR FROM LIQUID, UNRESTRICTED INVESTMENTS SCHEDULE D, PART VI, LINE 1(B), COL(A) - LAND, BUILDINGS, & EQUIPMENT: INVESTMENTS IN DIRECT REAL ESTATE OF $708,577 ARE INCLUDED HERE. true true true true true true true false false false false false false false false true false true LINE 3 - NONDISCRIMINATORY POLICY PUBLICATION: PUBLICATIONS, APPLICATIONS, REGISTRATION FORMS, NEWSPAPER ADVERTISEMENTS, AND SUMMER PROGRAMS MAKE REFERENCE TO THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: ALL FEDERAL AND STATE FUNDS RECEIVED ARE EXPENDED ENTIRELY FOR STUDENT FINANCIAL AID IN ACCORDANCE WITH THE U.S. OFFICE OF MANAGEMENT AND BUDGET UNIFORM GUIDANCE FOR FEDERAL FUNDS, AND WITH SPECIFIC REQUIREMENTS APPLICABLE TO THE MASSACHUSETTS OFFICE OF STUDENT FINANCIAL ASSISTANCE PROGRAMS FOR STATE FUNDS. Central America and the Caribbean 0 0 Investments 8248416 0 0 0 0 8248416 8248416 true false true true true false X X X X X X X true WASHBURN MCGOLDRICK DEVELOPMENT TEMP STAFF false 40000 40000 GALA 436794 390894 45900 120 19318 600 146802 0 436794 390894 45900 120 19318 600 146802 166840 -120940 true TOWN OF LONGMEADOW 20 WILLIAMS STREET LONGMEADOW MA 01106 046001204 115 52158 PILOT PROGRAM AND Senior Center TOWN OF EAST LONGMEADOW 60 CENTER SQUARE LONGMEADOW MA 01028 046001139 115 22000 PILOT PROGRAMS (TOWN, Fire, Police) 2 SCHOLARSHIPS AND AID TO STUDENTS 1578 12403010 FORM 990 SCHEDULE I PART Ii & III - GRANTS PAID OUT: BAY PATH UNIVERSITY RECEIVES GRANT MONEY FROM FEDERAL AND STATE GOVERNMENT AGENCIES FOR STUDENT FINANCIAL AID. THIS GRANT MONEY IS DISBURSED TO STUDENTS' ACCOUNTS AS IT IS RECEIVED BY THE UNIVERISITY. STUDENTS' AWARDS ARE BASED ON THE FEDERAL AND STATE GUIDELINES FOR EACH TYPE OF GRANT. GRANTS TO CHARITABLE ORGANIZATIONS ARE MADE IN ACCORDANCE WITH ESTABLISHED FINANCIAL POLICIES. X X true true false false false false false false false true false Sandra Doran President 462992 0 0 0 5008 0 22978 0 41759 0 532737 0 0 0 Michael Giampietro Senior VP Finance & Admin Svcs 251018 0 0 0 849 0 20023 0 29080 0 300970 0 0 0 Frank Rojas Vice President of Enrollment 227384 0 0 0 451 0 17812 0 30732 0 276379 0 0 0 John Caron Special Advisor to the Pres. 243750 0 0 0 938 0 18180 0 1244 0 264112 0 0 0 Jeremy Anderson VP for Learning Innovation, Te 224384 0 0 0 227 0 17032 0 1244 0 242887 0 0 0 Kathleen Bourque VP for University Relations 213164 0 0 0 1369 0 16051 0 3870 0 234454 0 0 0 Melissa Morriss-Olsen Distinguished Prof HELOS & Fou 186642 0 0 0 913 0 14189 0 10244 0 211988 0 0 0 Crystal Neuhauser VICE PRESIDENT OF INSTITUTIONA 168260 0 0 0 521 0 13343 0 19203 0 201327 0 0 0 Theresa Devito Dean, School of Health Science 185000 0 0 0 774 0 13283 0 979 0 200036 0 0 0 PART I, LINE 1A: THE PRESIDENT'S EMPLOYMENT CONTRACT ALLOWS FOR SPOUSAL TRAVEL. THE TRAVEL IS ON A LIMITED BASIS. THE PRESIDENT RESIDES IN A UNIVERSITY-OWNED HOUSE NEAR THE CAMPUS AS REQUIRED IN HER CONTRACT. NUMEROUS FUNCTIONS TAKE PLACE AT THE PRESIDENT'S HOME IN SUPPORT OF THE UNIVERSITY'S MISSION. DONORS, FACULTY, STAFF, AND STUDENTS ARE WELCOMED THROUGHOUT THE YEAR. GIVEN THE VISIBILITY OF AND THE MANY EVENTS THAT TAKE PLACE AT THE PRESIDENT'S RESIDENCE, A UNIVERSITY EMPLOYEE CLEANS THE HOME AT VIRTUALLY NO EXTRA COST TO THE UNIVERSITY. THE AVAILABILITY AND APPROACHABILITY OF THE PRESIDENT IS A KEY ELEMENT TO INSTILLING THE SENSE OF COMMUNITY AND CARING THAT IS CENTRAL TO THE UNIVERSITY'S MISSION. THE VALUE OF THE PRESIDENT'S HOUSING IS $29,748 FOR THE YEAR AND IS INCLUDED IN HER SCHEDULE J, PART II, COLUMN (D) COMPENSATION. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY SER 2013 2013-12-23 19500000 CONSTRUC/EQUIP/RE FUND 2006 false false false A 2885920 0 19500000 0 0 0 100000 0 0 12108657 6734874 556469 2014 true true true A false false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true true false false false 0 false 0 false true A true X 4 194684 FMV false false false SCHEDULE M, LINE 32B: THE UNIVERSITY USED A THIRD PARTY TO SELL GIFTS OF STOCK. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES WITH AN INNOVATIVE APPROACH TO LEARNING THAT PREPARES STUDENTS TO FLOURISH IN A CONSTANTLY CHANGING WORLD. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE BAY PATH EXPERIENCE IS NOTHING LESS THAN TRANSFORMATIONAL. OUR WOMEN-ONLY UNDERGRADUATE PROGRAMS AND OUR COEDUCATIONAL GRADUATE PROGRAMS ARE OFFERED BOTH ON-CAMPUS AND ONLINE, PROVIDING A FLEXIBLE, 21ST-CENTURY EDUCATION FOR LEARNERS AT ALL STAGES OF LIFE AND CAREER. BAY PATH STUDENTS FIND A SUPPORTIVE AND DIVERSE COMMUNITY, CLOSE MENTORING, AND RIGOROUS PREPARATION FOR SUCCESS IN A COMPLEX AND GLOBALLY INTERDEPENDENT SOCIETY. STUDENTS GRADUATE WITH THE APPLIED KNOWLEDGE, PORTABLE SKILLSET, AND CONFIDENCE TO THRIVE IN THEIR PROFESSIONS, IDENTIFY AND REALIZE THEIR DREAMS, AND MAKE A LASTING DIFFERENCE IN THE WORLD. FORM 990, PART VI, SECTION B, LINE 11B: PRIOR TO THE FILING OF THE FORM 990, A COMPLETE COPY IS REVIEWED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE & ADMINISTRATIVE SERVICES, AS WELL AS THE UNIVERSITY SUCCESS COMMITTEE OF THE BOARD OF TRUSTEES. A PUBLIC DISCLOSURE COPY IS PROVIDED, VIA THE TRUSTEES INTERNET PORTAL, TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C: IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY FOR TRUSTEES, AS CONTAINED IN THE BOARD OF TRUSTEES BYLAWS, ALL TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AT LEAST ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE AND SUBMIT IT TO THE UNIVERSITY SUCCESS COMMITTEE OF THE BOARD OF TRUSTEES. ADDITIONALLY, ANY POTENTIAL CONFLICT OF INTEREST WHICH ARISES MID-TERM IS REQUIRED TO BE SUBMITTED TO THE UNIVERSITY SUCCESS COMMITTEE AT THE EARLIEST PRACTICAL TIME. NO TRUSTEES OR OFFICER SHALL VOTE OR PARTICIPATE IN ANY DISCUSSION ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. ANY TRUSTEE OR OFFICER WHO IS UNCERTAIN WHETHER HE/SHE HAS A CONFLICT OF INTEREST MAY REQUEST THE UNIVERSITY SUCCESS COMMITTEE TO MAKE A DETERMINATION IN SUCH REGARD, AND THE UNIVERSITY SUCCESS COMMITTEE MAY SEEK AN OPINION FROM COUNSEL FOR THE UNIVERSITY IN SUCH MATTER. THE UNIVERSITY ALSO REQUIRES ALL EMPLOYEES TO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM AND SUBMIT IT TO THEIR RESPECTIVE DIVISIONAL VICE PRESIDENT FOR REVIEW. IF AN EMPLOYEE DISCLOSES ACTIVE OR INTENDED PARTICIPATION IN AN ACTIVITY THAT IS A POTENTIAL CONFLICT OF INTEREST, THE SUPERVISOR AND DIVISIONAL VICE PRESIDENT WILL EVALUATE THE DISCLOSURE TO DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. THE EMPLOYEE MAY BE ASKED TO DISCONTINUE PARTICIPATION IN THE ACTIVITY IF IT IS DETERMINED TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15: THE GOVERNANCE AND LEADERSHIP COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY FOR REVIEWING AND RECOMMENDING THE UNIVERSITY PRESIDENT'S AND OFFICER'S/KEY EMPLOYEES' COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE CONSIDERS COMPARATIVE DATA GATHERED FROM PEER INSTITUTIONS BY AN EXECUTIVE COMPENSATION CONSULTING FIRM. THE COMMITTEE ALSO REVIEWS ACCOMPLISHMENTS IN COMPARISON TO PLANNED GOALS AND OBJECTIVES. THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT BOARD OF TRUSTEE MEMBERS, APPROVES THE PRESIDENT'S AND OFFICER'S/KEY EMPLOYEES' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19: THE UNIVERSITY'S FORM 990 AND 990-T ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF THE VICE PRESIDENT FOR FINANCE & ADMINISTRATIVE SERVICES UPON WRITTEN REQUEST. ADDITIONAL, THE UNIVERSITY'S FORMS 990 AND MASSACHUSETTS PC, AS WELL AS AUDITED FINANCIAL STATEMENTS, ARE AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE, PUBLIC CHARITIES DIVISION. REQUESTS FOR COPIES OF BYLAWS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE DIRECTED TO THE VICE PRESIDENT FOR FINANCE & ADMINISTRATIVE SERVICES FOR A RESPONSE. FORM 990, PART X, LINE 10 INVESTMENTS IN DIRECT REAL ESTATE OF $708,577 ARE INCLUDED HERE. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.