2023-04-06T13:13:00-05:00 2022-05-31 366055558 GRANT THORNTON LLP 75 STATE ST 13TH FLOOR BOSTON MA 02109 990 2021-06-01 042111203 TRUSTEES OF CLARK UNIVERSITY TRUS 5087937455 950 MAIN STREET WORCESTER MA 01610 DANIELLE MANNING EXECUTIVE VICE PRESIDENT 5087937455 2023-04-06 1 DANIELLE MANNING XXX-XX-XXXX ERIN COUTURE P01390592 6177237900 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z CLARK UNIVERSITY DAVID FITHIAN 950 MAIN STREET WORCESTER MA 01610 383478188 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. 26 25 2438 273 1374554 1051480 21420289 27337756 157322538 168073935 1283267 1505730 1267569 1524940 181293663 198442361 76312241 84920499 0 0 79776831 86850453 0 114462 6269673 43410525 56971617 199499597 228857031 -18205934 -30414670 718521244 757704092 106448889 206576529 612072355 551127563 X SEE SCHEDULE O 0 0 70509112 0 151693366 INSTRUCTION AND ACADEMIC SUPPORT: CLARK'S FALL 2021 ENROLLMENT CONSISTED OF 2,305 UNDERGRADUATES AND 1,066 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. 17838956 4442191 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. 80478308 80478308 0 FINANCIAL AID: CLARK IS COMMITTED TO BEING AFFORDABLE TO THOSE STUDENTS ABLE TO MEET THE HIGH ACADEMIC EXPECTATIONS OF OUR FACULTY. APPROXIMATELY 95% OF UNDERGRADUATE STUDENTS RECEIVE SOME LEVEL OF FINANCIAL ASSISTANCE, WHICH IS DISTRIBUTED ON THE BASIS OF BOTH MERIT AND FINANCIAL NEED. 33313928 0 17564423 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. 33313928 0 17564423 202140304 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 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 4836 0 1 2438 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 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 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 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 ERIC EPSTEIN TRUSTEE 2.00 0.00 X 0 0 0 ROSS GILLMAN CHAIR/TRUSTEE 15.00 0.00 X 0 0 0 DANIEL HIRSCH TRUSTEE 2.00 0.00 X 0 0 0 ELLEN HUGHES-CROMWICK TRUSTEE 2.00 0.00 X 0 0 0 NANCIE JULIAN TRUSTEE 2.00 0.00 X 0 0 0 GARY LABOVICH TRUSTEE 2.00 0.00 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 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 ROBERT STEVENISH TRUSTEE (THRU 01/2022) 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 LORI WITTMAN TRUSTEE 2.00 0.00 X 0 0 0 DAVID FITHIAN PRESIDENT 40.00 0.00 X 859739 0 99398 DANIELLE MANNING EXECUTIVE VICE PRESIDENT & TREASURER 40.00 0.00 X 370276 0 41242 ANNE RANDALL ASSISTANT TREASURER 40.00 0.00 X 157973 0 542 JOHN FOLEY THRU 072021 VP GOV. & COMM. RELATIONS/SECRETARY 40.00 0.00 X 110426 0 11168 KENDALL ISAAC GEN COUNSEL & SEC (AS OF 10/2021) 40.00 0.00 X 72191 0 12336 JEFFREY HITE GILLOOLY VICE PRESIDENT OF ADVANCEMENT 40.00 0.00 X 437084 0 78191 DAVIS BAIRD PROVOST (THRU 06/2021) 40.00 0.00 X 353775 0 52545 JILL FRIEDMAN VP MARKETING & COMMUNICATIONS 40.00 0.00 X 276568 0 42304 DAVID CHEARO VP PLANNING & CHIEF OF STAFF 40.00 0.00 X 236931 0 53558 MEREDITH TWOMBLEY VP ADMISSIONS & FINANCIAL AID 40.00 0.00 X 197695 0 47443 SEBASTIAN ROYO PROVOST (AS OF 07/2021) 40.00 0.00 X 176955 0 32912 ALAN EISNER DEAN SCHOOL OF MANAGEMENT 40.00 0.00 X 347126 0 33934 JOHN LABRIE ASC PROVOST/DEAN OF PROF STUDIES 40.00 0.00 X 295496 0 61987 RONALD EASTMAN DIRECTOR OF CLARK LABS 40.00 0.00 X 242000 0 53909 ROBERT JOHNSTON DIRECTOR OF MARSH INSTITUTE & PROF 40.00 0.00 X 224950 0 48361 NADIA WARD DIRECTOR MOSAKOWSKI INSTITUTE 40.00 0.00 X 241551 0 56086 FRANCES MAGEE FORMER ASSC PROVOST/DEAN OF STUDENTS 40.00 0.00 X 210178 0 24895 NANCY BUDWIG FORMER ASSC PROVOST/DEAN OF RESEARCH 40.00 0.00 X 142477 0 23154 MATTHEW MALSKY FORMER ASSC PROVOST& DEAN OF COLLEGE 40.00 0.00 X 126782 0 12850 YUKO AOYAMA ASSOC PVST/DEAN OF RESEARCH 40.00 0.00 X 213748 0 31650 5293921 0 818465 147 1 1 0 SODEXO INC AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 5303746 CLINICAL RESEARCH SEQUENCING PLATFORM LL 415 MAIN STREET CAMBRIDGE MA 02142 COVID TESTING 2099100 HALL CAPITAL PARTNERS LLC ONE MARITIME PLAZA 6TH FLOOR SAN FRANCISCO CA 94111 INVESTMENT FIRM FEES 1445641 PUBLIC CONSULTING GROUP INC 148 STATE STREET BOSTON MA 02109 GRANT RESEARCH 1196366 A&M CONSTRUCTION CO INC 36 WEST WATER STREET WAKEFIELD MA 01880 CONSTRUCTION - SACKLER 1053628 45 15017343 12320413 1067447 27337756 TUITION AND FEES 611310 151047120 151047120 0 0 HOUSING 721310 9874999 9874999 0 0 FOOD SERVICES 722310 5970452 5970452 0 0 GEOGRAPHIC SOFTWARE 443120 240232 240232 0 0 CAMPUS STORE 453000 225217 225217 0 0 715915 715915 168073935 934690 934690 63 63 183993 183993 622650 281564 341086 341086 341086 97428723 87896517 96868034 87886229 560689 10288 570977 1374554 -803577 INSURANCE INCENT./REBATES 900099 57884 57884 0 0 ENERGY INCENT./GRANTS 900099 55494 55494 0 0 886483 886483 999861 198442361 169257789 1374554 472262 535613 535613 84262413 84262413 122473 122473 3720611 649918 2511621 559072 66039428 52183454 11577353 2278621 4553316 3716326 702216 134774 8178625 6563084 1396008 219533 4358473 3521296 697337 139840 673511 673511 544068 44884 499184 249826 249826 114462 114462 1797330 1797330 12046765 9033947 2773730 239088 832574 314495 517713 366 4462473 3127321 687752 647400 2494910 2618000 -137460 14370 988980 725230 203439 60311 5332025 4050273 1129903 151849 1229644 1014366 100376 114902 1460219 992388 210423 257408 3122953 2946784 168548 7621 9343851 8198366 1074801 70684 854739 5259 839963 9517 OTHER FOOD SERVICE 5585602 5585602 0 0 LIBRARY ACQUISITIONS 1669509 1669509 0 0 LOSS ON DEBT REFINANCE. 1388634 0 1388634 0 STUDY ABROAD/AWAY 940655 940655 0 0 1953349 8645137 -7941643 1249855 228857031 202140304 20447054 6269673 790674 296460 62107881 46801520 6196054 6469212 1756468 537159 150000 150000 0 0 6784765 6651000 464871 931958 2291785 3378773 276508953 156518325 103973051 119990628 22443335 82472390 501482343 485816015 2750586 2104784 0 0 7329431 2104193 718521244 757704092 19052976 26275812 0 10399711 11612102 56219210 0 0 0 154457777 20776992 14230838 106448889 206576529 X 152715677 127300514 459356678 423827049 612072355 551127563 718521244 757704092 X -30414670 -31434298 904176 X 0 1 X 1 1 1 X 24128374 16144931 25963306 21420289 27337756 114994656 24128374 16144931 25963306 21420289 27337756 114994656 6985611 108009045 3322151 3865128 4195441 1258537 1741395 14382652 129377308 784375262 0.83480 0.80450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 0 0 1 22772 0 0 22772 0 PART II-B, LINE 1: THERE WERE NO PAID LOBBYISTS FOR FY22. 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 $78,000 TO SEVERAL MEMBERSHIP ORGANIZATIONS. AN UNKNOWN PORTION OF THIS DUES MAY BE USED FOR LOBBYING ON THE UNIVERSITY'S BEHALF. THE UNIVERSITY PAID $425 TO REGISTER THE VP OF GOVERNMENT AND COMMUNITY AFFAIRS AS A LOBBYIST IN MA. X X X 0 506185358 4737283 -135179 7663936 13761323 2193138 487169066 410636307 2172934 117723190 8110181 14118293 2118599 506185358 417571575 11816086 2331792 6724954 12260537 2097655 410636307 436869340 1370351 -336747 6470808 11837913 2022648 417571575 408808150 9430109 37823793 5956784 11327979 1907948 436869341 0.19000 0.32000 0.49000 1 0 13957714 13957714 212414819 138090360 74324459 325565 94526 231039 14537069 8129042 6408027 35273786 10204397 25069389 119990628 PARTNERSHIPS/ALTERNATIVE INVESTMENTS 484789937 F OTHER 1026078 F 485816015 ANNUITIES PAYABLE 6000769 PERKINS FEDERAL LIABILITY CONTRA 2419026 CONDITIONAL ASSET RETIREMENT OBLIGATION 2245356 RIGHT OF USE LEASE OBLIGATION 1481186 MISC. TAX AND RELATED ITEMS 1218482 OTHER LIABILITIES 866019 14230838 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 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 111252 NORTH AMERICA 0 0 GRANTS 2551 SOUTH AMERICA 0 0 GRANTS 7500 SOUTH ASIA 0 1 GRANTS 1000 SUB-SAHARAN AFRICA 0 0 GRANTS 13712 EAST ASIA AND THE PACIFIC 0 0 GRANTS 2600 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS 6296 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS 700 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES CONFERENCES 2750 EUROPE (INCLUDING ICELAND & GREENLAND) 0 18 PROGRAM SERVICES CONFERENCES 61429 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES CONFERENCES 5862 NORTH AMERICA 0 5 PROGRAM SERVICES CONFERENCES 5481 SOUTH AMERICA 0 2 PROGRAM SERVICES CONFERENCES 4750 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES CONFERENCES 5922 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES CONFERENCES 2923 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INSTRUCTION 476817 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES INSTRUCTION 475800 NORTH AMERICA 0 0 PROGRAM SERVICES INSTRUCTION 824 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 1065 NORTH AMERICA 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 7978 EUROPE (INCLUDING ICELAND & GREENLAND) 0 6 PROGRAM SERVICES PROGRAM DEVELOPMENT 37713 NORTH AMERICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 3789 SOUTH AMERICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 700 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 6317 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES STUDENT RECRUITMENT 869571 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES STUDENT RECRUITMENT 67514 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 76399 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 31095 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 976160 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 15884 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 147700 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 6412244 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 120048435 0 1 0 39 0 40 145611 129745122 129890733 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 3 6296 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS EAST ASIA AND THE PACIFIC 3 2600 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 22 45015 CHECK AND ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 700 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS SUB-SAHARAN AFRICA 3 4900 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 3 62962 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. PART III ACCOUNTING METHOD: X X X X X X 1 MARTS & LUNDY 160 CHUBB AVE LYNDHURST NJ 07071 ADVANCEMENT PLANNING STUDY 0 0 114462 -114462 114462 -114462 MA 1 ABT ASSOCIATES INCORPORATED 55 WHEELER STREET CAMBRIDGE MA 02138 042347643 13900 0 RESEARCH/TRAINING CITY OF WORCESTER 340 MAIN STREET SUITE 400 WORCESTER MA 01608 046001418 115 48118 0 RESEARCH/TRAINING FLORIDA ATLANTIC UNIVERSITY 777 GLADES RD BOCA RATON FL 33431 650385507 501 (C)(3) 7746 0 RESEARCH/TRAINING ICF INTERNATIONAL 9300 LEE HIGHWAY FAIRFAX VA 22031 520893615 17442 0 RESEARCH/TRAINING RESEARCH FOUNDATION OF CUNY 85 SAINT NICHOLAS TERRACE NEW YORK NY 100311246 131988190 501 (C)(3) 31989 0 RESEARCH/TRAINING THE UNIVERSITY OF ARIZONA 1200 E UNIVERSITY BLVD TUSCON AZ 85721 742652689 501 (C)(3) 11549 0 RESEARCH/TRAINING BOSTON PRIVATE INDUSTRY COUNCIL INC 2 OLIVER STREET BOSTON MA 02109 042676661 501 (C)(3) 10000 0 RESEARCH/TRAINING VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY 300 TURNER STREET NW BLACKSBURG VA 24061 546001805 501 (C)(3) 85642 0 RESEARCH/TRAINING UNIVERSITY OF CALIFORNIA SANTA BARBARA 5221 CHEADLE HALL SANTA BARBARA CA 93106 956006145 501 (C)(3) 36342 0 RESEARCH/TRAINING WORKFORCE SOLUTIONS BORDERPLEX INC 304 TEXAS AVE SUITE 1401 EL PASO TX 79901 742911834 44980 0 RESEARCH/TRAINING WORKSYSTEMS INC 1618 SW 1ST AVENUE SUITE 450 PORTLAND OR 97201 930857426 49566 0 RESEARCH/TRAINING FULL EMPLOYMENT COUNCIL INC 1740 PASEO BLVD SUITE D KANSAS CITY MO 64108 431377197 22538 0 RESEARCH/TRAINING PARTNER4WORK 650 SMITHFIELD STREET SUITE 2400 PITTSBURGH PA 15222 251898851 55000 0 RESEARCH/TRAINING UNIVERSITY OF HAWAII 2440 CAMPUS RD OFFICE OF RESEARCH SERVICES HONOLULU HI 96822 996000354 501 (C)(3) 53835 0 RESEARCH SAN DIEGO WORKFORCE PARTNERSHIP INC 9246 LIGHTWAVE AVENUE SUITE 210 SAN DIEGO CA 92123 330660504 21788 0 RESEARCH/TRAINING CAREERSOURCE TAMPA BAY 4902 EISENHOWER BLVD SUITE 250 TAMPA FL 33543 593655316 19691 0 RESEARCH/TRAINING 8 8 SCHOLARSHIPS 3584 80418797 0 AWARDS 1397 3843616 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 1 0 0 0 0 0 0 1 0 DAVID FITHIAN PRESIDENT 761732 0 76500 0 21507 0 29000 0 70398 0 959137 0 0 0 JEFFREY HITE GILLOOLY VICE PRESIDENT OF ADVANCEMENT 337084 0 100000 0 0 0 29000 0 49191 0 515275 0 0 0 DANIELLE MANNING EXECUTIVE VICE PRESIDENT & TREASURER 336776 0 33500 0 0 0 29000 0 12242 0 411518 0 0 0 DAVIS BAIRD PROVOST (THRU 06/2021) 253775 0 100000 0 0 0 25761 0 26784 0 406320 0 0 0 ALAN EISNER DEAN SCHOOL OF MANAGEMENT 338876 0 8250 0 0 0 29000 0 4934 0 381060 0 0 0 JOHN LABRIE ASC PROVOST/DEAN OF PROF STUDIES 243996 0 51500 0 0 0 26047 0 35940 0 357483 0 0 0 JILL FRIEDMAN VP MARKETING & COMMUNICATIONS 276568 0 0 0 0 0 27312 0 14992 0 318872 0 0 0 NADIA WARD DIRECTOR MOSAKOWSKI INSTITUTE 241551 0 0 0 0 0 25288 0 30798 0 297637 0 0 0 RONALD EASTMAN DIRECTOR OF CLARK LABS 242000 0 0 0 0 0 24749 0 29160 0 295909 0 0 0 DAVID CHEARO VP PLANNING & CHIEF OF STAFF 214431 0 22500 0 0 0 22760 0 30798 0 290489 0 0 0 ROBERT JOHNSTON DIRECTOR OF MARSH INSTITUTE & PROF 224950 0 0 0 0 0 23233 0 25128 0 273311 0 0 0 YUKO AOYAMA ASSOC PVST/DEAN OF RESEARCH 213748 0 0 0 0 0 21423 0 10227 0 245398 0 0 0 MEREDITH TWOMBLEY VP ADMISSIONS & FINANCIAL AID 197695 0 0 0 0 0 20635 0 26808 0 245138 0 0 0 FRANCES MAGEE FORMER ASSC PROVOST/DEAN OF STUDENTS 65412 0 0 0 144766 0 7053 0 17842 0 235073 0 0 0 SEBASTIAN ROYO PROVOST (AS OF 07/2021) 176955 0 0 0 0 0 15000 0 17912 0 209867 0 0 0 NANCY BUDWIG FORMER ASSC PROVOST/DEAN OF RESEARCH 142477 0 0 0 0 0 14179 0 8975 0 165631 0 0 0 ANNE RANDALL ASSISTANT TREASURER 157973 0 0 0 0 0 0 0 542 0 158515 0 0 0 MATTHEW MALSKY FORMER ASSC PROVOST& DEAN OF COLLEGE 126782 0 0 0 0 0 12422 0 428 0 139632 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: TWO TRIPS FOR BUSINESS PURPOSES FOR THE PRESIDENT'S SPOUSE IN THE FALL OF 2021. 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 4A AN INDIVIDUAL LISTED ON SCHEDULE J, PART II RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $144,766. PART I, LINE 7 CERTAIN LISTED INDIVIDUALS RECEIVE A BONUS SUBJECT TO APPROVAL BY THE BOARD. DAVID FITHIAN PRES. BRIDGE LOAN UNSECURED X 150000 150000 0 1 1 150000 ALYSSA SPENCER TRUSTEE DAUGHTER 40036 COMP. 0 X 25 1067447 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 III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 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. CLARK FOSTERS A COMMITMENT TO EXCELLENCE IN STUDYING TRADITIONAL ACADEMIC DISCIPLINES, AS WELL AS INNOVATION IN EXPLORING QUESTIONS THAT CROSS DISCIPLINARY BOUNDARIES. 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 2/3/2023 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 AND NANCY BUDWIG ARE LISTED AS FORMER KEY EMPLOYEES AS THEY NO LONGER HOLD THE POSITIONS THAT DESIGNATED THEM AS KEY EMPLOYEES IN PRIOR YEARS. THEY ARE, 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 -25,953. CHANGE IN VALUE OF INTEREST RATE SWAP 590,066. CHANGE IN VALUE OF BENEFICIAL INTEREST IN OUTSIDE TRUST 137,628. STUDENT LOAN ACTIVITY - NET 4,635. CHANGE IN POST-RETIREMENT HEALTH OBLIGATION 22,277. ADJUSTMENT FOR ASU 842 175,523. JONAS REALTY CORP 950 MAIN STREET WORCESTER MA 01610 475234687 SUPPORT THE TRUSTEES OF CLARK ENTITIES 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 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 JONAS REALTY CORP D 9700000 COST JONAS REALTY CORP K 182000 FMV L 0