2025-05-15T08:34:11-05:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 010271210 Husson University HUSS 2079417000 One College Circle Bangor ME 04401 R Thomas Welch VP Finance & Admin, Treasurer 2079417000 2025-05-13 1 1 Joseph R Byrne P01289281 2077752387 2025-05-13 2023 2025-03-06 01:10:19Z Lynne Coy-Ogan One College Circle Bangor ME 04401 113531718 0 X www.husson.edu X 1898 ME Educational Institution 31 29 1413 29 260107 0 11506045 9104213 69653939 74080691 338264 1900091 458998 1081687 81957246 86166682 19430548 20468126 0 0 37356336 39514230 0 0 1340604 23740182 25592958 80527066 85575314 1430180 591368 149562202 152876918 38958069 36917998 110604133 115958920 X Husson University inspires and prepares students for professional careers in current and emerging fields within the context of an education informed by the sciences and humanities. 0 0 66264236 20468126 59376746 For more than 125 years, Husson University has prepared future leaders to address the challenges of tomorrow through innovative undergraduate and graduate degrees.With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus provides advanced knowledge in business, health, science and humanities, as well as communication. In addition, Husson University has a robust online learning program.According to a recent analysis of tuition and fees by U.S. News & World Report, Husson University is one of the most affordable private colleges in New England. Education at Husson University produces results. Husson University is regionally accredited by the New England Council of Higher Education (NECHE). Regional accreditation applies to all programs. The University is also accredited by the International Accreditation Council for Business Education (IACBE), the Commission on Collegiate Nursing Education (CCNE), the Accreditation Council for Occupational Therapy (ACOTE), the Commission on Accreditation in Physical Therapy Education (CAPTE), the Accreditation Council for Pharmacy Education (ACPE), and the Council for Accreditation of Counseling and Related Educational Program (CACREP), with approval by the Maine Department of Education and National Board for Certified Counselors for its Teacher Education and School Counseling programs respectively. 9919454 14703945 Auxiliary ServicesThe Auxiliary Services department provides a variety of support services designed to enhance the Husson educational and student experience for the University. Serving a diverse set of stakeholders, Auxiliary services works to ensuring the continued success of the University in a fiscally responsible manner while reducing risk for the institution.Services provided by this department include dining, maintenance, custodial, environmental health, safety, security, grounds keeping, the bookstore, and capital facility project management.Dining services seeks to provide a variety of wholesome, nutritious foods that meet the diverse needs of the Husson University community.Husson offers a variety of housing options for over 1,000 students which includes Hart Hall, Carlisle Hall, Bell Hall, the Darling Learning Center, and the Townhouses. The Living Learning Center can house up to 240 students. Each suite in the Darling Learning Center features suite-style living for four students. Three townhouse buildings have room for 72 students. Each townhouse has six two-story fully furnished apartments. The campus also includes the Dyke Center for Family Business, Gracie Theatre, Newman Gymnasium, Swan Center, Wellness Learning Center, the Webber Pool, as well as numerous athletic fields 76183690 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 141 0 1 1413 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X R Thomas Welch 2079417000 One College Circle Bangor ME 04401 Daniel R Hutchins Chair 8.00 0.00 X X 0 0 0 Philip E Harriman Vice Chair 8.00 0.00 X X 0 0 0 Albert W Allen Trustee 4.00 0.00 X 0 0 0 Earl C Black Trustee 4.00 0.00 X 0 0 0 John P Boucher Trustee 4.00 0.00 X 0 0 0 Brock R Bradford Trustee 4.00 0.00 X 0 0 0 Susan A Carlisle Trustee 4.00 0.00 X 0 0 0 Daniel B Coffey Trustee 4.00 0.00 X 0 0 0 Kathryn Cope Trustee 4.00 0.00 X 0 0 0 Edward O Darling Trustee 4.00 0.00 X 0 0 0 Kris A Doody Trustee 4.00 0.00 X 0 0 0 Dalton T Edgecomb Trustee 4.00 0.00 X 0 0 0 Jaclyn Fish Trustee 4.00 0.00 X 0 0 0 Arthur D Fuller Trustee 4.00 0.00 X 0 0 0 Ross Y Furman Trustee 4.00 0.00 X 0 0 0 Kenneth A Hews Trustee 4.00 0.00 X 0 0 0 Deborah Carey Johnson Trustee 4.00 0.00 X 0 0 0 Bradley Libby Trustee 4.00 0.00 X 0 0 0 Mary Prybylo Trustee 4.00 0.00 X 0 0 0 Robert J Ronan Trustee 4.00 0.00 X 0 0 0 John M Rohman Trustee 4.00 0.00 X 0 0 0 W Tom Sawyer Jr Trustee 4.00 0.00 X 0 0 0 Dr Irving Schneider Trustee 4.00 0.00 X 0 0 0 Lucy Stone Student Trustee 4.00 0.00 X 0 0 0 Will Taylor Trustee 4.00 0.00 X 0 0 0 Kelli L Theriault Hutchins Trustee 4.00 0.00 X 0 0 0 Richard C Trott Jr Trustee 4.00 0.00 X 0 0 0 Randy L Wadleigh Trustee 4.00 0.00 X 0 0 0 Cassandra White Faculty Trustee 4.00 0.00 X 117742 0 15983 Susith L Wijetunga Trustee 4.00 0.00 X 0 0 0 Michael E Williamson Trustee 4.00 0.00 X 0 0 0 Dr Robert A Clark President 40.00 0.00 X 356149 0 107998 R Thomas Welch VP Finance & Admin/Treasurer 40.00 0.00 X 162819 0 34293 Lynne Coy-Ogan Provost 40.00 0.00 X 214711 0 12908 Marie E Hankinson Dean College of Business & NESCOM 40.00 0.00 X 180146 0 19995 William J Lindblad Professor of Pharmacology 40.00 0.00 X 152737 0 20425 James Nash Dean of Health & Pharmacy 40.00 0.00 X 222037 0 13338 Sarah C Robinson VP of Advancement 40.00 0.00 X 164597 0 27149 Philip Taylor Dean of Science & Humanities 40.00 0.00 X 189505 0 19675 1760443 0 271764 42 0 1 0 Education Dynamics LLC PO Box 780276 Philadelphia PA 191780276 Admin & Marketing 2614607 Decibel Media LLC 10 City Square Boston MA 02129 Advertising 1314679 Cyr Bus Line PO Box 368 Old Town ME 04468 Student Transportation 440469 Creative Print Services PO Box 1239 Bangor ME 044021239 Printing Services 396016 Systems Engineering 120 Exchange Street Portland ME 04101 IT Services 297409 32 2075098 7029115 945051 9104213 Tuition and Fees 611710 59376746 59376746 Auxiliary Services 611710 14189097 14122919 66178 Summer and Sports Camps 721000 514848 366567 148281 74080691 1132441 -12503 1144944 60695 2544 58151 58151 58151 28130142 27362492 767650 767650 767650 Other Revenue 711130 704473 704473 Bookstore Commission 611710 177288 177288 Theatre Revenue 711110 141775 141775 1023536 86166682 73866232 260107 2936130 20468126 20468126 1022605 133725 888880 30170472 27362563 2031645 776264 1158617 987944 138397 32276 5102428 4624509 346174 131745 2060108 1777514 232633 49961 71964 71964 104555 104555 29992 29992 3345383 1979655 1327389 38339 4275808 3214677 1061131 1202291 961586 146369 94336 1455695 990280 386741 78674 1799058 1726687 66123 6248 1875006 1696000 98899 80107 118778 98560 16192 4026 628612 623712 4584 316 6355627 5997932 320050 37645 356774 356774 Materials & Supplies 3515997 3449861 66136 Miscellaneous Expense 457418 90359 356392 10667 85575314 76183690 8051020 1340604 X 23881725 21846996 3451734 3714562 830637 1139078 16935 13335 82403 73045 1174727 565972 150772833 74888085 78009336 75884748 40523283 47985968 505244 362983 1086178 1290231 149562202 152876918 4752401 5178741 3144990 2572713 17157399 16349546 12760254 11781700 1143025 1035298 38958069 36917998 X 78283173 77311959 32320960 38646961 110604133 115958920 149562202 152876918 X 591368 4542366 221053 X 0 1 X 1 1 1 X 10520158 11686114 14091127 11506045 9104213 56907657 10520158 11686114 14091127 11506045 9104213 56907657 7877793 49029864 670998 852024 181132 791930 1144944 3641028 604719 441024 535531 472780 1081687 3135741 63684426 349358286 0.76990 0.76930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28156898 2315389 4406946 974303 33904930 24236195 2296064 2544413 919774 28156898 26168158 1706028 -2840826 797165 24236195 20248617 1259655 5406561 746675 26168158 20037947 464610 412680 666620 20248617 0.00000 0.62189 0.37811 1 0 1116736 1116736 103370836 43695754 59675082 27508618 18961105 8547513 18776643 12231226 6545417 75884748 Asset Retirement Obligation 242719 Charitable Gift Annuities Payable 198860 Deferred Compensation Liability 237370 Operating Lease Liability 52899 Finance Lease Liability 303450 1035298 X 70434527 4542366 223597 4765963 65668564 29992 20468126 20498118 86166682 65079740 2544 2544 65077196 29992 20468126 20498118 85575314 Part V, Line 4: Endowment funds are held in perpetuity and the income is to be spent based on the donor's intent which primarily are for scholarships. Part X, Line 2: Husson is a tax exempt organization under the provisions of tax code Section 501(c)(3). Certain activities of the University are unrelated business income and, therefore, subject to federal and state income tax. Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that required adjustment to the financial statements. The University is subject to U.S. federal and state examinations by tax authorities for the years ended June 30, 2021 to June 30, 2024. Part XI, Line 2d - Other Adjustments: Rental Expenses 2,544. Change in Value of Split Interest Agreements 17,000. Change in Value of Interest Rate Swap 204,053. Part XI, Line 4b - Other Adjustments: Scholarships/Aid 20,468,126. Part XII, Line 2d - Other Adjustments: Rental Expenses 2,544. Part XII, Line 4b - Other Adjustments: Scholarships/Aid 20,468,126. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 1 - Resolution of Governing Board. 2 - All publications and announcements include policy statements. 3 - Part of all announcements of courses being offered. Schedule E, Part I, Line 6 Husson University receives various government grants among them are: SEOG Grants and College Work Study Grants. 1 Financial Aid 2413 20468126 FMV of Tuition Scholarship Aid Part I, Line 2: The University grants scholarships to eligible students and maintains records as to their eligibility and qualifications. X 0 1 X X X X 0 1 0 0 0 0 0 0 0 Dr Robert A Clark President 356149 0 0 0 0 0 69800 0 38198 0 464147 0 0 0 James Nash Dean of Health & Pharmacy 222037 0 0 0 0 0 13338 0 0 0 235375 0 0 0 Lynne Coy-Ogan Provost 214711 0 0 0 0 0 12908 0 0 0 227619 0 0 0 Philip Taylor Dean of Science & Humanities 189505 0 0 0 0 0 11477 0 8198 0 209180 0 0 0 Marie E Hankinson Dean College of Business & NESCOM 180146 0 0 0 0 0 11070 0 8925 0 200141 0 0 0 R Thomas Welch VP Finance & Admin/Treasurer 162819 0 0 0 0 0 7718 0 26575 0 197112 0 0 0 Sarah C Robinson VP of Advancement 164597 0 0 0 0 0 10549 0 16600 0 191746 0 0 0 William J Lindblad Professor of Pharmacology 152737 0 0 0 0 0 9442 0 10983 0 173162 0 0 0 Part I, Line 1a The University provides a housing allowance for the President of the Organization, as it is required that he/she lives on campus as a part of his/her employment. This housing allowance is treated as a nontaxable benefit. Part I, Line 1b The Board of Trustees assessed and determined the appropriate level of benefit after reviewing its potential value and market data on compensation and benefits. Part I, Line 4b Robert Clark participates in a non-qualified retirement plan. There was a $50,000 contribution to this plan in 2023. A Finance Authority of Maine 010392006 2016-06-27 4200000 Dormitory Renovations/Turf Field Replacement: 1 College Circle, Bangor, ME 0 0 0 B Finance Authority of Maine 010392006 2017-02-14 10300000 Townhouse Building and Dormitory Renovations 0 0 0 C Finance Authority of Maine 010392006 2019-05-15 4000000 Wellness Learning Center 0 0 0 D Maine Health & Higher Education Facilities 010314384 2020-06-30 1914227 REFI MHHEFA Series 2010B 0 0 1 A 1311972 4200000 25448 4174552 2016 0 0 1 1 B 1774879 10300000 88242 10211758 2017 0 0 1 1 C 452140 4000000 77781 3922219 2019 0 0 1 1 D 526459 1914227 213950 33172 1667105 2020 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K Supplental Information Schedule K, Part II - The amount on the schedule K Part I represents the entire 2020B Bond series that is pooled funding and therefore includes funds dedicated to other institutions. The issue price on Form 8038 Part III, Line 21 (B) - includes proceeds for other institutions as well. 6300 Financial Aid To provide assistance in paying for tuition at the University. X 6 940313 Stock Market Value X 1 735 Fair Market Value X Ping Pong Table 1 3403 Fair Market Value X Equipment 1 600 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Finance Committee prior to filing, and the returns are made available to the full Board of Trustees for review. Form 990, Part VI, Section B, line 12c Annual Board of Trustees disclosures are required and are scrutinized for potential conflicts. Form 990, Part VI, Section B, line 15a Compensation undergoes an annual review by the Board of Trustees and a salary recommendation is made. Form 990, Part VI, Section C, line 19 Form 990 is available upon request. The governing documents, policies and financial statements are not disclosed to the general public. Form 990, Part X, Line 10: Land, Buildings & Equipment Section 1.263(a)-3(n) Election: Husson University One College Circle Bangor, ME 04401 EIN: 01-0271210 Husson University is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Split Interest Agreements 17,000. Change in Value of Interest Rate Swaps 204,053. Charitable Remainder Unitrusts (2) Perpetual Trust ME Husson University 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0