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WENTWORTH INSTITUTE OF TECHNOLOGY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WENTWORTH INSTITUTE OF TECHNOLOGY (EIN 04-1958460)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-11
IRS object ID
202341319349306054
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-11T14:00:47-07:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041958460EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WENTWORTH INSTITUTE OF TECHNOLOGY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWENTBusinessNameControlTxt
Phone6179894325PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 Huntington AvenueAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021155998ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRobert TotinoPersonNm
Person TitleVP for Finance/CFOPersonTitleTxt
Phone6179894328PhoneNum
Signature2023-05-11SignatureDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer1TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Last Submission Rqr OOB1LastSubmissionRqrOOBCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMark A ThompsonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 Huntington AvenueAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021155998ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$218,049,621GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WIT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1904FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionWentworth Institute of Technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.ActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee2199TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$133,075TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$37,346NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$18,685,942PYContributionsGrantsAmt
CY Contributions Grants$10,581,263CYContributionsGrantsAmt
PY Program Service Revenue$159,712,940PYProgramServiceRevenueAmt
CY Program Service Revenue$175,123,722CYProgramServiceRevenueAmt
PY Investment Income$3,463,959PYInvestmentIncomeAmt
CY Investment Income$7,174,112CYInvestmentIncomeAmt
PY Other Revenue$1,201,856PYOtherRevenueAmt
CY Other Revenue$1,036,972CYOtherRevenueAmt
PY Total Revenue$183,064,697PYTotalRevenueAmt
CY Total Revenue$193,916,069CYTotalRevenueAmt
PY Grants And Similar Paid$57,644,061PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$63,352,893CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$68,587,234PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$71,146,359CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,754,830CYTotalFundraisingExpenseAmt
PY Other Expenses$56,468,788PYOtherExpensesAmt
CY Other Expenses$60,848,095CYOtherExpensesAmt
PY Total Expenses$182,700,083PYTotalExpensesAmt
CY Total Expenses$195,347,347CYTotalExpensesAmt
PY Revenues Less Expenses$364,614PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,431,278CYRevenuesLessExpensesAmt
Total Assets BOY$447,728,362TotalAssetsBOYAmt
Total Assets EOY$436,166,327TotalAssetsEOYAmt
Total Liabilities BOY$167,235,447TotalLiabilitiesBOYAmt
Total Liabilities EOY$172,087,053TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$280,492,915NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$264,079,274NetAssetsOrFundBalancesEOYAmt
MissionWentworth Institute of Technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$168,618,699ExpenseAmt
Grant$63,352,893GrantAmt
Revenue$175,332,217RevenueAmt
DescWentworth Institute of Technology, Inc. (the "university") located in Boston, Massachusetts is a private, coeducational institution founded in 1904 and accredited by the New England Commission of Higher Education, Inc. among other accrediting bodies. The university provides academic, residential and other services to a diverse student population of approximately 4,200, predominately from the Northeast region of the United States, as well as from approximately 30 U.S. states and 70 foreign countries.Desc
Total Other Prog Srvc Expense$0TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$168,618,699TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document84IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2199EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryGMForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members26GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRobert L TotinoPersonNm
Phone6179894325PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Attn Finance OfficeAddressLine1Txt
Address Line2550 Huntington AvenueAddressLine2Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021155998ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Mark A Thompson
President400Yes (X)Yes (X)$724,930$0$59,672
Ian Lapp
Senior VP Acad. Affairs & Provost (Until 12/9/21)400Yes (X)$306,423$0$42,570
Robert L Totino
VP for Finance & CFO400Yes (X)$270,945$0$49,627
Elizabeth Herbert
VP for Institutional Advancement400Yes (X)$270,448$0$17,116
David Gilmore
Associate VP for Finance400$181,225$0$92,858Yes (X)
Jose Sanchez
Dean College of Eng. & Computer Science400$212,884$0$50,877Yes (X)
Lynn McCormick
VP General Counsel400Yes (X)$237,121$0$26,567
Vishvas Paradkar
VP of Technology & CIO400Yes (X)$216,994$0$40,464
Cindy P Stevens
Prof. & Interim Dean College of Arts & Sciences400$225,157$0$24,681Yes (X)
Krtistin R Tichenor
VP for Enrollment Management400Yes (X)$206,694$0$39,366
Masoud Olia
Professor400$182,799$0$53,252Yes (X)
David Wahlstrom
VP for Business400Yes (X)$193,285$0$40,089
Leonard Anderson
Associate Professor400$196,849$0$31,514Yes (X)
Nicole G Price
VP for Diversity Equity & Inclusion400Yes (X)$171,304$0$22,404
Amy Intille
VP for Executive Affairs400Yes (X)$178,767$0$11,246
Annamaria Wenner
VP Student Affairs & Dean of Students400Yes (X)$168,420$0$20,176
Michelle Davis
FMR VP Chief Marketing Officer (Until 4/1/21)400$176,036$0$7,395Yes (X)
Mary Ellen Keeney
FMR Interim VP Human Resources (Until 6/4/21)400$101,214$0$0Yes (X)
Melanie DeSantis
VP EE Relations & Engagement (As of 8/16/21)400Yes (X)$74,375$0$6,037
Gregory B Janey
Chair40Yes (X)Yes (X)$0$0$0
Jerome H Casey
Vice Chair40Yes (X)Yes (X)$0$0$0
Rosemarie A Conti
Treasurer40Yes (X)Yes (X)$0$0$0
Ryan E Hutchins
Secretary40Yes (X)Yes (X)$0$0$0
David C Blittersdorf
Trustee40Yes (X)$0$0$0
Anthony Bond
Trustee (As of 5/12/22)40Yes (X)$0$0$0
Michael Carragher
Trustee (As of 5/12/22)40Yes (X)$0$0$0
Stephen F Fusi
Trustee40Yes (X)$0$0$0
Eric Greene
Trustee40Yes (X)$0$0$0
Rick Grundy
Trustee40Yes (X)$0$0$0
Paul A Guarracino
Trustee40Yes (X)$0$0$0
Anil Jha
Trustee40Yes (X)$0$0$0
Douglas J Karam
Trustee40Yes (X)$0$0$0
Christine Keville
Trustee40Yes (X)$0$0$0
Lawrence LaFreniere
Trustee40Yes (X)$0$0$0
John M Lynch
Trustee40Yes (X)$0$0$0
Kathleen MacNeil
Trustee40Yes (X)$0$0$0
P Michael Masterson
Trustee40Yes (X)$0$0$0
Travis McCready
Trustee40Yes (X)$0$0$0
Gary J Miller
Trustee40Yes (X)$0$0$0
Robert C Murray
Trustee40Yes (X)$0$0$0
John Pini
Trustee40Yes (X)$0$0$0
Michael Santora
Trustee (As of 5/12/22)40Yes (X)$0$0$0
Al Spagnolo
Trustee40Yes (X)$0$0$0
Kenneth Turner
Trustee40Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,295,870TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$635,911TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K156IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
UG2 LLC
116 Huntington Avenue 12th FlBostonMA02116Custodial services$3,103,797
Sodexo Operations LLC
9801 Washingtonian BlvdGaithersburgMD20878Dining services & catering$2,096,222
Chartwells Dining Services
2 International DriveRye BrookNY10573Dining services & catering$1,667,905
Clinical Research Sequencing Platform LLC
415 Main StCambridgeMA02142COVID testing services$1,288,406
MedExpress Urgent Care
423 Fortress BlvdMorgantownWV26508On site health clinic$1,049,641
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K29CntrctRcvdGreaterThan100KCnt
Federated Campaigns$0FederatedCampaignsAmt
Membership Dues$0MembershipDuesAmt
Fundraising$201,973FundraisingAmt
Related Organizations$0RelatedOrganizationsAmt
Government Grants$8,988,761GovernmentGrantsAmt
All Other Contributions$1,390,529AllOtherContributionsAmt
Noncash Contributions$7,516NoncashContributionsAmt
Total Contributions$10,581,263TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
Tuition and fees611310$141,926,453$141,926,453$0$0
Room and board related611310$33,197,269$33,197,269$0$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$175,123,722TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,478,163TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$68,035UnrelatedBusinessRevenueAmt
Exclusion$1,410,128ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$827,882RealAmt
Personal$0PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$827,882RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$827,882TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$827,882ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$29,690,464SecuritiesAmt
Other$0OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$23,806,689SecuritiesAmt
Other$187,826OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,883,775SecuritiesAmt
Other-$187,826OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,695,949TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$65,040UnrelatedBusinessRevenueAmt
Exclusion$5,630,909ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$139,632FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$201,973ContriRptFundraisingEventAmt
Fundraising Direct Expenses$139,037FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$595TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$595ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Business900099BusinessCd
Total Revenue Column$208,495TotalRevenueColumnAmt
Related Or Exempt Func Income$208,495RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$208,495OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$193,916,069TotalRevenueColumnAmt
Related Or Exempt Func Income$175,332,217RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$133,075UnrelatedBusinessRevenueAmt
Exclusion$7,869,514ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$62,694,238TotalAmt
Program Services$62,694,238ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$658,655TotalAmt
Program Services$658,655ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,010,832TotalAmt
Program Services$918,329ProgramServicesAmt
Management And General$2,775,079ManagementAndGeneralAmt
Fundraising$317,424FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$54,169,240TotalAmt
Program Services$45,146,960ProgramServicesAmt
Management And General$6,970,579ManagementAndGeneralAmt
Fundraising$2,051,701FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,926,964TotalAmt
Program Services$3,128,216ProgramServicesAmt
Management And General$591,931ManagementAndGeneralAmt
Fundraising$206,817FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,889,457TotalAmt
Program Services$3,900,119ProgramServicesAmt
Management And General$794,361ManagementAndGeneralAmt
Fundraising$194,977FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,149,866TotalAmt
Program Services$3,310,178ProgramServicesAmt
Management And General$674,204ManagementAndGeneralAmt
Fundraising$165,484FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$865,552TotalAmt
Program Services$0ProgramServicesAmt
Management And General$865,552ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$128,546TotalAmt
Program Services$0ProgramServicesAmt
Management And General$128,546ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt
Fundraising$0FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$451,388TotalAmt
Program Services$0ProgramServicesAmt
Management And General$451,388ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,017,984TotalAmt
Program Services$4,852,872ProgramServicesAmt
Management And General$2,150,293ManagementAndGeneralAmt
Fundraising$14,819FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$776,841TotalAmt
Program Services$687,740ProgramServicesAmt
Management And General$40,633ManagementAndGeneralAmt
Fundraising$48,468FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,383,461TotalAmt
Program Services$1,320,985ProgramServicesAmt
Management And General$1,016,328ManagementAndGeneralAmt
Fundraising$46,148FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,309,449TotalAmt
Program Services$2,667,986ProgramServicesAmt
Management And General$536,068ManagementAndGeneralAmt
Fundraising$105,395FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,919,710TotalAmt
Program Services$7,734,042ProgramServicesAmt
Management And General$1,164,055ManagementAndGeneralAmt
Fundraising$21,613FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$961,573TotalAmt
Program Services$879,690ProgramServicesAmt
Management And General$50,724ManagementAndGeneralAmt
Fundraising$31,159FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$539,592TotalAmt
Program Services$473,949ProgramServicesAmt
Management And General$41,658ManagementAndGeneralAmt
Fundraising$23,985FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,498,974TotalAmt
Program Services$4,305,352ProgramServicesAmt
Management And General$193,622ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,981,615TotalAmt
Program Services$17,417,793ProgramServicesAmt
Management And General$511,796ManagementAndGeneralAmt
Fundraising$52,026FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,101,481TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,101,481ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Dining Services$4,082,485$3,957,302$39,470$85,713
Repairs and Maintenance$3,374,032$2,925,532$440,324$8,176
Memberships$931,405$227,518$698,484$5,403
Printing and Publication$904,717$180,735$609,138$114,844

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,619,290TotalAmt
Program Services$1,230,508ProgramServicesAmt
Management And General$1,128,104ManagementAndGeneralAmt
Fundraising$260,678FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$195,347,347TotalAmt
Program Services$168,618,699ProgramServicesAmt
Management And General$22,973,818ManagementAndGeneralAmt
Fundraising$3,754,830FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$10,666,365BOYAmt
EOY$12,121,962EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$25,000,836BOYAmt
EOY$28,430,037EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,995,709BOYAmt
EOY$2,896,093EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,816,174BOYAmt
EOY$3,976,396EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,476,671BOYAmt
EOY$2,253,786EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,431,475BOYAmt
EOY$3,897,086EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$449,749,485LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$218,739,779LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$237,592,641BOYAmt
EOY$231,009,706EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$97,965,663BOYAmt
EOY$83,027,787EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$55,300,209BOYAmt
EOY$63,696,313EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,482,619BOYAmt
EOY$4,857,161EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$447,728,362BOYAmt
EOY$436,166,327EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,993,034BOYAmt
EOY$9,677,358EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$14,764,953BOYAmt
EOY$16,400,416EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$129,541,725BOYAmt
EOY$124,130,429EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,935,735BOYAmt
EOY$21,878,850EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$167,235,447BOYAmt
EOY$172,087,053EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$211,563,539BOYAmt
EOY$202,448,474EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$68,929,376BOYAmt
EOY$61,630,800EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$280,492,915BOYAmt
EOY$264,079,274EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$447,728,362BOYAmt
EOY$436,166,327EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$1,431,278ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$23,030,098NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$8,047,735OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,875,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,873,929CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,754,853CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,685,942CurrentTaxYearMinus1YearAmt
Current Tax Year$10,581,263CurrentTaxYearAmt
Total$61,771,308TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,875,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,873,929CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,754,853CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,685,942CurrentTaxYearMinus1YearAmt
Current Tax Year$10,581,263CurrentTaxYearAmt
Total$61,771,308TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$9,865,173SubstantialContributorsTotAmt
Public Support Total170$51,906,135PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,315,302CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,522,245CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,657,720CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,965,917CurrentTaxYearMinus1YearAmt
Current Tax Year$2,238,010CurrentTaxYearAmt
Total$11,699,194TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$151,577CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$112,819CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$264,396TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$71,925CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$72,725CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$139,632CurrentTaxYearAmt
Total$284,282TotalAmt
FieldValueIRS element (for citing)
Total Support$74,019,180TotalSupportAmt
Gross Receipts Rltd Activities$851,546,948GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70125PublicSupportCY170Pct
Public Support PY1700.62561PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule A, Part I, Line 7The basis of Wentworth Institute of Technology, Inc.'s public charity status has been and continues to be its qualification as a school described in Section 170(b)(1)(A)(ii). The university has checked box 7 on Schedule A, Part I and completed Schedule A, Part II in order to demonstrate its qualification to follow the special rule for abbreviated reporting of contributions on Form 990, Schedule B.
Schedule A, Part II, Line 10The amount includes gross income from fundraising events.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$191,592,517FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$191,592,517FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,000,000FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$250,000FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,000,000CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$1,000,000CurrentYearAmt
Total$4,000,000TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$6,000,000LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$0CurrentYearMinus3Amt
Current Year Minus2$0CurrentYearMinus2Amt
Current Year Minus1$0CurrentYearMinus1Amt
Current Year$0CurrentYearAmt
Total$0TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$250,000CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$250,000CurrentYearAmt
Total$1,000,000TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,500,000GrassrootsCeilingAmt

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$0CurrentYearMinus3Amt
Current Year Minus2$0CurrentYearMinus2Amt
Current Year Minus1$0CurrentYearMinus1Amt
Current Year$0CurrentYearAmt
Total$0TotalAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$149,799,889BeginningYearBalanceAmt
Contributions$15,365,942ContributionsAmt
Investment Earnings Or Losses-$15,186,540InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,878,126GrantsOrScholarshipsAmt
Other Expenditures$3,742,817OtherExpendituresAmt
Administrative Expenses$460,963AdministrativeExpensesAmt
End Year Balance$143,897,385EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$116,512,860BeginningYearBalanceAmt
Contributions$4,666,891ContributionsAmt
Investment Earnings Or Losses$34,376,563InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,728,824GrantsOrScholarshipsAmt
Other Expenditures$3,640,130OtherExpendituresAmt
Administrative Expenses$387,471AdministrativeExpensesAmt
End Year Balance$149,799,889EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$116,142,475BeginningYearBalanceAmt
Contributions$1,812,582ContributionsAmt
Investment Earnings Or Losses$3,792,721InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,465,188GrantsOrScholarshipsAmt
Other Expenditures$3,411,365OtherExpendituresAmt
Administrative Expenses$358,365AdministrativeExpensesAmt
End Year Balance$116,512,860EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$112,633,959BeginningYearBalanceAmt
Contributions$685,283ContributionsAmt
Investment Earnings Or Losses$6,762,759InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,260,609GrantsOrScholarshipsAmt
Other Expenditures$2,439,017OtherExpendituresAmt
Administrative Expenses$239,900AdministrativeExpensesAmt
End Year Balance$116,142,475EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$94,092,355BeginningYearBalanceAmt
Contributions$12,368,817ContributionsAmt
Investment Earnings Or Losses$8,089,953InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,280,916GrantsOrScholarshipsAmt
Other Expenditures$327,821OtherExpendituresAmt
Administrative Expenses$308,429AdministrativeExpensesAmt
End Year Balance$112,633,959EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.642BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.266PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.092TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$13,392,323OtherCostOrOtherBasisAmt
Book Value$13,392,323BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$372,393,138OtherCostOrOtherBasisAmt
Depreciation$178,151,237DepreciationAmt
Book Value$194,241,901BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$0OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$49,812,407OtherCostOrOtherBasisAmt
Depreciation$34,142,069DepreciationAmt
Book Value$15,670,338BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$14,151,617OtherCostOrOtherBasisAmt
Depreciation$6,446,473DepreciationAmt
Book Value$7,705,144BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$231,009,706TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (7 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Global equity funds$8,442,212F
International equity funds$6,415,730F
Fixed income funds$3,187,211F
Hedged equity funds$21,883,148F
Public real asset funds$4,251,117F
Private real asset funds$2,576,679F
Private equity and venture funds$16,940,216F
FieldValueIRS element (for citing)
Total Book Value Securities$63,696,313TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDescAmtAmt
Deferred lease revenue$15,000,000
Perkins and other government$1,971,088
Obligation on interest rate swap agreements$1,844,365
Accumulated postretirement benefit obligation$1,800,470
Asset retirement obligations$882,122
Obligation on operating leases$263,867
Obligation on charitable annuity agreements$116,938
FieldValueIRS element (for citing)
Total Liability$21,878,850TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$120,087,316TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$23,030,098NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants$0RecoveriesPriorYearGrantsAmt
Other Revenue$8,047,735OtherRevenueAmt
Revenue Not Reported-$14,982,363RevenueNotReportedAmt
Revenue Subtotal$135,069,679RevenueSubtotalAmt
Investment Expenses Not Incld$451,388InvestmentExpensesNotIncldAmt
Other Revenues Not Included$58,395,002OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$58,846,390RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$193,916,069TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$136,500,957TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$0DonatedServicesUseFcltsAmt
Prior Year Adjustments$0PriorYearAdjustmentsAmt
Losses Reported$0LossesReportedAmt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$136,500,957ExpensesSubtotalAmt
Investment Expenses Not Incld2$451,388InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$58,395,002OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$58,846,390ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$195,347,347TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4The university's endowment consists of approximately 205 donor-restricted and 11 board-restricted individual funds established for a variety of purposes for the furtherance of the educational mission of the university. The Board of Trustees has established a spending rate of 5% of a trailing twelve-quarter average fair value of the endowment. Earnings from the endowed funds are predominately used for scholarship, teaching, and program expenses.
Schedule D, Part X, Line 2The university 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 university has identified its tax status as a tax-exempt entity and its determinations over which of its revenues are related and unrelated as its only significant tax positions. However, the university has determined that such tax positions do not result in an uncertainty requiring recognition. The university is not currently under examination by any taxing jurisdiction. The university's Federal and state tax returns are generally open to examination for three years following the date filed.
Schedule D, Part XI, Line 2dUnrealized gain on interest rate swaps $8,047,735
Schedule D, Part XI, Line 4bStudent financial aid grants to individuals $58,582,233 plus net income from fundraising events of $595 less net loss on disposal of assets $187,826
Schedule D, Part XII, Line 4bStudent financial aid grants to individuals $58,582,233 plus net income from fundraising events of $595 less net loss on disposal of assets $187,826.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3The university's student population is predominately from the Northeast region of the United States, as well as from approximately 30 other U.S. States and territories and 70 foreign countries. The university follows a racially nondiscriminatory policy as to its students and enrolls students of racial minority groups in meaningful numbers.
Schedule E, Part I, Line 6The university administers disbursements of funds for Federal programs including Perkins Loans, Direct Loans, SEOG, Pell, and Federal Work Study and the Higher Education Emergency Relief Fund (HEERF III) disbursements from various state governments located throughout the USA.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (including Iceland and Greenland)11Program ServicesStudy Abroad$138,154
Sub-Saharan Africa00Program ServicesStudy abroad$26,577
Europe (including Iceland and Greenland)00Grantmaking$658,655
Central America and the Caribbean00Investments$29,136,677
FieldValueIRS element (for citing)
Total Office1TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Total Spent$29,960,063TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceScholarshipsTypeOfAssistanceTxt
RegionEurope (including Iceland and Greenland)RegionTxt
Recipient94RecipientCnt
Cash Grant$0CashGrantAmt
Manner Of Cash DisbursementNAMannerOfCashDisbursementTxt
Non Cash Assistance$658,655NonCashAssistanceAmt
Description Of Non Cash AsstTuition offsetDescriptionOfNonCashAsstTxt
Valuation Method UsedFMVValuationMethodUsedDesc
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 2FormAndLineReferenceDesc
ExplanationAll grants are applied directly to the student's account to cover a portion of the student's tuition.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Alumni Golf TournamentEvent1Nm
Gross Receipts Event1$341,605GrossReceiptsEvent1Amt
Charitable Contri Event1$201,973CharitableContriEvent1Amt
Gross Revenue Event1$139,632GrossRevenueEvent1Amt
Cash Prizes Event1$0CashPrizesEvent1Amt
Non Cash Prizes Event1$0NonCashPrizesEvent1Amt
Rent Facility Costs Event1$83,794RentFacilityCostsEvent1Amt
Food And Beverage Event1$40,236FoodAndBeverageEvent1Amt
Entertainment Event1$0EntertainmentEvent1Amt
Other Direct Expenses Event1$15,007OtherDirectExpensesEvent1Amt
Food And Beverage Other Events$0FoodAndBeverageOtherEventsAmt
Entertainment Other Events$0EntertainmentOtherEventsAmt
Gross Receipts Total$341,605GrossReceiptsTotalAmt
Charitable Contributions Tot$201,973CharitableContributionsTotAmt
Gross Revenue Total Events$139,632GrossRevenueTotalEventsAmt
Cash Prizes Total Events$0CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$0NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$83,794RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$40,236FoodAndBeverageTotalEventsAmt
Entertainment Total Events$0EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$15,007OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$139,037DirectExpenseSummaryEventsAmt
Net Income Summary$595NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Scholarships to students3715$0$56,876,580OtherReduction to student account balance for tuition owed to the university
Scholarships to students78$0$1,046,998OtherReduction to student account balance for room and board owed to the university
HEERF III to provide emergency financial aid grants to students4027$4,770,660$0FMV

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2FormAndLineReferenceDesc
ExplanationThe university's Office of Financial Aid monitors all recipients of scholarship awards to determine both initial and continuing eligibility based on the criteria for each type of award, which may include academic performance, financial need and criteria established by donors of endowed scholarship funds, etc.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mark A Thompson
President$526,233$0$110,000$0$88,697$0$29,000$0$30,672$0$784,602$0$0$0
Ian Lapp
Senior VP Acad. Affairs & Provost (Until 12/9/21)$300,037$0$5,000$0$1,386$0$18,983$0$23,587$0$348,993$0$0$0
Robert L Totino
VP for Finance & CFO$264,512$0$5,000$0$1,433$0$17,849$0$31,778$0$320,572$0$0$0
Elizabeth Herbert
VP for Institutional Advancement$264,062$0$5,000$0$1,386$0$16,963$0$153$0$287,564$0$0$0
David Gilmore
Associate VP for Finance$179,545$0$0$0$1,680$0$11,681$0$81,177$0$274,083$0$0$0
Jose Sanchez
Dean College of Eng. & Computer Science$212,397$0$0$0$487$0$14,176$0$36,701$0$263,761$0$0$0
Lynn McCormick
VP General Counsel$231,568$0$5,000$0$553$0$16,215$0$10,352$0$263,688$0$0$0
Vishvas Paradkar
VP of Technology & CIO$199,751$0$5,000$0$12,243$0$13,887$0$26,577$0$257,458$0$0$0
Cindy P Stevens
Prof. & Interim Dean College of Arts & Sciences$223,801$0$0$0$1,356$0$12,872$0$11,809$0$249,838$0$0$0
Krtistin R Tichenor
VP for Enrollment Management$199,508$0$5,000$0$2,186$0$13,098$0$26,268$0$246,060$0$0$0
Masoud Olia
Professor$181,736$0$0$0$1,063$0$19,361$0$33,891$0$236,051$0$0$0
David Wahlstrom
VP for Business$185,164$0$5,000$0$3,121$0$12,291$0$27,798$0$233,374$0$0$0
Leonard Anderson
Associate Professor$196,046$0$0$0$803$0$17,935$0$13,579$0$228,363$0$0$0
Nicole G Price
VP for Diversity Equity & Inclusion$165,371$0$5,000$0$933$0$6,404$0$16,000$0$193,708$0$0$0
Amy Intille
VP for Executive Affairs$172,819$0$5,000$0$948$0$11,086$0$160$0$190,013$0$0$0
Annamaria Wenner
VP Student Affairs & Dean of Students$162,520$0$5,000$0$900$0$10,354$0$9,822$0$188,596$0$0$0
Michelle Davis
FMR VP Chief Marketing Officer (Until 4/1/21)$50,654$0$0$0$125,382$0$0$0$7,395$0$183,431$0$0$0
Mary Ellen Keeney
FMR Interim VP Human Resources (Until 6/4/21)$101,214$0$0$0$0$0$0$0$0$0$101,214$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1aPresident Thompson was provided with a $6,250 monthly housing allowance, and the entire amount is treated as taxable compensation.
Schedule J, Part I, Line 1bThe amount of the housing allowance for the President is included in a written employment contract that was approved by the Executive Committee of the Board of Trustees. The amount was determined partly based from salary surveys.
Schedule J, Part I, Line 4Former VP Chief Marketing Officer Davis received severance in the amount of $105,526 on April 29, 2021, as a result of separation from the university on April 1, 2021.
Schedule J, Part I, Line 7Merit based compensation may be granted as either a salary increase or a one-time bonus. Qualifications for receiving a bonus include performance exceeding expectations or taking on additional duties due to staff vacancies or temporary absences. In the case of employees below the level of Division Heads, the bonus amount is determined by consultation between the Division Head and the Office of Employee Relations and Engagement. In the case of Division Heads and other Officers, the bonus amount (if any) is determined via the same process as other compensation for Officers and other key employees including review by the Executive Committee of the Board of Trustees.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBusiness Name Line2IssuerName/BusinessNameLine2TxtBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Massachusetts Development
AFinance Agency0434318140000000002013-02-15$69,865,000Refunding MDFA 2008 Series Bonds & construction of new residence hall000
Massachusetts Development
BFinance Agency0434318140000000002015-04-09$46,280,000Refunding MDFA 2007 Series Bonds000
Massachusetts Development
CFinance Agency04343181457584XJ362017-02-16$45,000,680Construction of new academic building000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$0$0$69,865,000$0$0$0$685,740$0$0$44,309,260$24,870,000$02014Yes (1)0Yes (1)Yes (1)
B$0$0$46,280,000$0$0$0$447,723$0$0$0$45,832,277$02015Yes (1)0Yes (1)Yes (1)
C$0$0$45,000,680$0$0$0$446,505$0$0$44,554,175$0$0201800Yes (1)Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0Yes (1)Yes (1)Yes (1)00.001800.001800Yes (1)
B00Yes (1)Yes (1)00.004500.004500Yes (1)
C00Yes (1)Yes (1)000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
See Part VI
A000Yes (1)Yes (1)Yes (1)310000Yes (1)
See Part VI
B000Yes (1)Yes (1)Yes (1)29.80000Yes (1)
(no name)
C000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part IV, Line 2c-02/15/2013 69,865,000 Massachusetts DevelopmentThe date of the last rebate computation was on March 4, 2022 and no rebate liability exists.
Schedule K, Part IV, Line 2c-04/09/2015 46,280,000 Massachusetts DevelopmentThe date of the last rebate computation was on March 4, 2022 and no rebate liability exists.
Schedule K, Part IV, Line 2c-02/16/2017 45,000,680 Massachusetts DevelopmentThe date of the last rebate computation was on June 30, 2022 and no rebate liability exists.
Schedule K, Part IV, Line 4b-02/15/2013 69,865,000 Massachusetts DevelopmentName of providers: Wells Fargo and RBS Citizens
Schedule K, Part IV, Line 4b-04/09/2015 46,280,000 Massachusetts DevelopmentNames of providers: Morgan Stanley and Bank of New York
Schedule K, Part IV, Line 4c-02/15/2013 69,865,000 Massachusetts DevelopmentTerm of hedges: 31 Years and 18 Years

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part V, Line 2aThe total number of employees includes faculty and staff of 1,106 and student employees of 1,093.
Form 990, Part VI, Section A, Line 2Trustee Gregory B. Janey and Trustee Ryan E. Hutchins have a business relationship.
Form 990, Part VI, Section B, Line 11bA draft copy of the Form 990 is provided to all members of the university's Audit Committee for their review and approval prior to its filing. After approval by the Audit Committee, but before it is filed, the Form 990 is posted on the university's secure web portal for Trustees. All Trustees are sent an email to let them know that the Form 990 is available on the secure portal for their review.
Form 990, Part VI, Section B, Line 12cThe university annually distributes, via email and other electronic means, a copy of the conflict of interest policy and related disclosure forms. The university monitors the replies to ensure that it receives replies from all appropriate Trustees, Officers, Faculty and Staff per the requirements of the policy. Disclosures of potential conflicts of interest are reported to both the Executive and Audit Committees for disposition. The policy also reminds all individuals that they are required to disclose any potential conflicts of interest that may arise at any time after completion of the disclosure form. When an actual or potential conflict of interest is found to exist, the conflicted individual may be prohibited from participating in deliberations and decisions relating to their transaction.
Form 990, Part VI, Section B, Line 15Compensation of the Officers and other key employees of the university must allow Wentworth to attract the best individuals for each position. That compensation shall be reviewed by the Executive Committee of the Board of Trustees to ensure that compensation packages are appropriate in the marketplace, that the university has a rebuttable presumption of reasonableness, and that the university does not violate the intermediate sanctions provisions of the Internal Revenue Code. In order to determine market value, Wentworth hired compensation consultants in 2021 who conducted a market analysis of these positions. This analysis includes data from peer institutions. In addition, Wentworth participates in several salary surveys which are used to evaluate the competitiveness of the university's salaries. On an annual basis, the President shall provide the Executive Committee of the Board of Trustees all proposed Officer compensation for the new calendar year. The Executive Committee shall determine the appropriateness of the Officer salaries. The Vice President of Finance/CFO works with the Executive Committee to approve the President's salary. The Executive Committee shall document in the minutes of the meeting all actions taken and data used to determine salary. Once the Executive Committee makes the recommendations for the Officers, the President will inform the Human Resources Department to implement the changes. The Vice President of Finance/CFO will submit the salary recommendations for the President to the Human Resources Department.
Form 990, Part VI, Section C, Line 19The university's Form 990 and audited financial statements are available via the Massachusetts Attorney General's website. The governing documents and conflict of interest policy are available upon written or electronic request.
Form 990, Part XI, Line 9Unrealized gain on interest rate swaps $8,047,735