2022-04-27T11:06:05-05:00 2021-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2020-07-01 042108376 WESTERN NEW ENGLAND UNIVERSITY WEST 4137821219 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 BASIL A STEWART VP FINANCE & ADMIN 4137821219 2022-04-25 1 BASIL STEWART 999009999 SMITA BALIGA P01643271 6179881000 2022-04-19 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT JOHNSON 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 165795939 0 X WWW.WNE.EDU X 1951 MA SEE SCHEDULE O 32 30 2074 1008 0 0 7257442 6921423 150590193 152755728 2496653 2458493 1015610 1055156 161359898 163190800 53630867 55532589 0 0 70838642 69051902 0 44604 835960 35782095 36191359 160251604 160820454 1108294 2370346 250629088 275995045 123478165 125719665 127150923 150275380 X SEE SCHEDULE O 0 0 96952746 46929924 100194275 THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE APPROXIMATELY 2,600 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 38 STATES, U.S. VIRGIN ISLANDS, BERMUDA, AND 22 FOREIGN COUNTRIES. STUDENTS ARE OFFERED AN OPPORTUNITY TO STUDY IN APPROXIMATELY 50 UNDERGRADUATE PROGRAMS. 26207177 8545429 33155983 IN ADDITION TO A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS A NUMBER OF GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. THE UNIVERSITY ALSO OFFERS PH.D PROGRAMS IN BEHAVIORAL ANALYSIS AND ENGINEERING MANAGEMENT AND A DOCTORAL PROGRAM IN OCCUPATIONAL THERAPY. 17318558 57236 20033098 THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES AND PROFESSIONAL STUDENTS THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 1,300 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. 140478481 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 150 0 1 2074 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X BASIL A STEWART 4137821219 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 DR ANTHONY S CAPRIO PRESIDENT (UNTIL 8/14/2020) 40.00 0.00 X X 579048 0 28352 DR ROBERT E JOHNSON PRESIDENT (AS OF 8/15/2020) 40.00 0.00 X X 216560 0 24966 WENDY A BENSON TRUSTEE 1.00 0.00 X 0 0 0 MARK L BERTHIAUME TRUSTEE 1.00 0.00 X 0 0 0 NEVILLE S BOGLE TRUSTEE 1.00 0.00 X 0 0 0 JOHN J BRENNAN VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JANET J BULLARD TRUSTEE 1.00 0.00 X 0 0 0 THOMAS R BURTON TRUSTEE 1.00 0.00 X 0 0 0 CARMEL A CARAMAGNA TRUSTEE 1.00 0.00 X 0 0 0 RICHARD M CASSATA TRUSTEE 1.00 0.00 X 0 0 0 ROBERT W CLARKE SECRETARY 1.00 0.00 X X 0 0 0 ALEXANDER M CORL TRUSTEE 1.00 0.00 X 0 0 0 KEVIN S DELBRIDGE TRUSTEE 1.00 0.00 X 0 0 0 DIANNE F DOHERTY TRUSTEE 1.00 0.00 X 0 0 0 ROCCO J FALCONE II TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J FLYNN TRUSTEE 1.00 0.00 X 0 0 0 DENIS G GAGNON TRUSTEE 1.00 0.00 X 0 0 0 DIANE E HOLMAN TRUSTEE 1.00 0.00 X 0 0 0 DIANA H HORAN TRUSTEE (UNTIL 10/2020) 1.00 0.00 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.00 0.00 X 0 0 0 STANLEY KOWALSKI III TRUSTEE 1.00 0.00 X 0 0 0 NICHOLAS LAPIER TRUSTEE 1.00 0.00 X 0 0 0 DR BARBARA A LENK TRUSTEE 1.00 0.00 X 0 0 0 AMY B LEWIS TRUSTEE 1.00 0.00 X 0 0 0 DENNIS M LIND TRUSTEE (UNTIL 11/2020) 1.00 0.00 X 0 0 0 KENNETH M RICKSON CHAIRMAN 1.00 0.00 X X 0 0 0 STEPHEN J ROURKE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT E SALAD TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH K SAREMI TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL A SERAFINO TRUSTEE 1.00 0.00 X 0 0 0 ROBERT B STEIN JR TRUSTEE 1.00 0.00 X 0 0 0 PETER STEINGRABER TRUSTEE 1.00 0.00 X 0 0 0 GARY F THOMAS TREASURER 1.00 0.00 X X 0 0 0 STEVEN J TREMBLAY TRUSTEE 1.00 0.00 X 0 0 0 KATHLEEN A WHITE TRUSTEE 1.00 0.00 X 0 0 0 DR LINDA E JONES VP ACADEMIC AFF. (UNTIL 6/30/2020) 40.00 0.00 X 250101 0 23561 DR RICHARD A WAGNER VP FIN & ADMIN 40.00 0.00 X 210566 0 27717 CURT HAMAKAWA INTERIM VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 181306 0 19235 DR S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 40.00 0.00 X 235904 0 29854 SUDHA SETTY DEAN, SCHOOL OF LAW 40.00 0.00 X 249954 0 16229 FREDERICK D ROYAL ASSOC. DEAN, LLM, PROF. OF LAW 40.00 0.00 X 208692 0 18266 DR SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 40.00 0.00 X 246861 0 20701 BRYAN GROSS VP FOR ENROLLMENT MGT AND MARKTNG 40.00 0.00 X 220597 0 29585 2599589 0 238466 126 0 1 0 ARAMARK CORPORATIONS PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 5266033 MAKO MEDICAL LABORATORIES LLC 8461 GARVEY DR RALEIGH NC 27616 COVID-19 TESTING SERVICES 599000 MARKET MENTORS LLC 155 BROOKSIDE DR SPRINGFIELD MA 01104 MARKETING AND ADVERT 538396 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 ERP IMPLEMENTATION 430255 3 ENROLLMENT MARKETING INC 352 MAIN ST 333 ONEONTA NY 13820 ENROLLMENT MARKETING 425956 12 13480 5564467 1343476 18122 6921423 TUITION AND FEES 611710 130358892 130358892 AUXILIARY SALES AND SERVICES 611710 20033098 20033098 SPONSORED PROGRAMS 611710 2222780 2222780 INTEREST ON STUDENT LOANS 611710 140958 140958 152755728 625807 625807 188823 188823 8008 0 8008 8008 8008 4421423 2588737 1832686 1832686 1832686 24006 13480 16402 7604 7604 STUDENT/ALUMNI FUNDRAISING 611710 124301 124301 EVENTS REGISTRATION 611710 27818 27818 COMMISSIONS 611710 9114 9114 689488 475509 213979 850721 163190800 153383356 0 2886021 54826244 54826244 706345 706345 1176879 212889 931073 32917 81860 81860 50560966 42258842 7820929 481195 2021698 1660189 341451 20058 11372335 9457466 1777643 137226 3838164 3151845 648240 38079 281230 25743 255487 164510 164510 44604 44604 249647 249647 8461978 6455814 1994546 11618 1254448 453394 776190 24864 3163120 2636130 498851 28139 1939503 660104 1279399 3662941 3239094 423847 534404 524314 9741 349 490179 440217 43099 6863 4380623 4246403 134220 8042023 7585768 456255 530965 73318 457647 MAINTENANCE AND REPAIRS 1213728 1010282 203446 NONCAPITALIZED EQUIPMNT 443034 183340 255510 4184 MEMBERSHIP AND DUES 302307 148260 148183 5864 NONCAPITALIZED IMPRVMNT 90560 85900 4660 986159 354720 631439 160820454 140478481 19506013 835960 23611755 29692783 2823560 2245725 1150432 2182767 3141814 2190673 27634 30337 2678247 3301900 296298026 151642320 148721641 144655706 44350129 60088687 24123876 31606467 250629088 275995045 10849867 14722937 2362038 1924095 8114576 8676190 98814196 96700753 2706530 2657680 630958 1038010 123478165 125719665 X 85849768 99498401 41301155 50776979 127150923 150275380 250629088 275995045 X 2370346 20589234 164877 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 56995119 392708 17918011 3736061 41162 195343 71333272 56682994 3007111 222904 2687799 35176 194915 56995119 52938044 3478912 2842872 2379255 29085 168494 56682994 50581333 366117 4546097 2366321 24872 164310 52938044 45636232 555601 6896001 2317466 32186 156849 50581333 0.40000 0.60000 0 0 4525765 4525765 229290216 103494286 125795930 61516727 48148034 13368693 965318 965318 144655706 HEDGE FUNDS 14722292 F INVESTMENTS HELD IN TRUST 900680 F REAL ESTATE FUND 6237272 F LONG/SHORT EQUITY INVEST 9746223 F 31606467 DEPOSITS 1038010 1038010 X 183695264 20589234 164877 20754111 162941153 249647 249647 163190800 160570807 0 160570807 249647 249647 160820454 PART IV, LINE 2B: AGENCY FUNDS ARE HELD BY THE UNIVERSITY AS A CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR STUDENT OR PARENT BASED ORGANIZATIONS AND ORIGINATE FROM THE COLLECTION OF ACTIVITY FEES, DUES OR FUNDRAISING EFFORTS. THE FUNDS ARE DEPOSITED WITH THE UNIVERSITY FOR SAFEKEEPING AND CAN BE SUBSEQUENTLY USED OR WITHDRAWN BY THE DEPOSITOR UPON THE SUBMISSION OF PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THE FUND PRIMARILY SUPPORT STUDENT CLUBS AND ACTIVITIES. EACH AGENCY FUND EXISTS AS A UNIQUE COST CENTER WITHIN THE UNIVERSITY'S FINANCIAL SYSTEM AND PROVIDES A METHOD FOR ACCOUNTING FOR AND ADMINISTERING THESE FUNDS. PART V, LINE 4: THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO CLARIFY, IN WRITING, ANY AMBIGUITY ON GIFTS TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. APPROXIMATELY 40% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. THE MAJORITY OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD-APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER ROLLING AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2021 WAS 6.63%. PART X, LINE 2: IN NOVEMBER 1956, THE UNIVERSITY WAS GRANTED EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS AT JUNE 30, 2021 OR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 164,877. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WESTERN NEW ENGLAND UNIVERSITY'S NONDISCRIMINATION POLICY IS SPECIFICALLY STATED IN THEIR BY-LAWS AND IS INCLUDED IN ALL PRINTED MATERIALS. THE POLICY IS POSTED TO THE UNIVERSITY'S WEBSITE WWW.WNE.EDU. SCHEDULE E, PART I, LINE 6 GOVERNMENT FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSISTS OF US DEPARTMENT OF EDUCATION FINANCIAL AID, STATE OF MASSACHUSETTS FINANCIAL AID, AND FEDERAL AND STATE RESEARCH AND DEVELOPMENT FUNDS. 1 CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 20000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 156034 EUROPE 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 257932 MIDDLE EAST AND N AFRICA 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 90417 NORTH AMERICA 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 33410 RUSSIA/INDEPENDENT STATES 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 18000 SOUTH ASIA 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 116536 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES UNDERGRAD EDUCATION 14016 CENTRAL AMERICA/CARIBBEAN INVESTMENTS 14722291 0 0 0 0 0 0 706345 14722291 15428636 INSTITUTIONAL SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 1 20000 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP EAST ASIA AND THE PACIFIC 10 156034 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 13 257932 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 8 90417 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP NORTH AMERICA 2 33410 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 18000 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP SOUTH ASIA 10 116536 ACCOUNT CREDIT INSTITUTIONAL SCHOLARSHIP SUB-SAHARAN AFRICA 3 14016 ACCOUNT CREDIT 0 0 1 1 0 1 PART I, LINE 2: MONITOR THE USE OF GRANT FUNDS OUTSIDE U.S. INSTITUTIONAL FINANCIAL AID GRANTS ARE AWARDED TO FOREIGN STUDENTS CONSISTENT WITH THE UNIVERSITY'S FINANCIAL AID POLICIES AND RECRUITMENT TARGETS. ALL FINANCIAL AID GRANTS ARE APPLIED DIRECTLY TO EACH RECIPIENT'S STUDENT ACCOUNT. INTERNATIONAL STUDENTS MUST BE IN GOOD STANDING TO RECEIVE AND MAINTAIN THEIR AWARDS ACCORDING TO THE TERMS, CONDITIONS AND ELIGIBILITY REQUIREMENTS ASSOCIATED WITH EACH AWARD. FINANCIAL AID ACTIVITY IS POSTED TO STUDENT ACCOUNTS AND THE GENERAL LEDGER VIA A FINANCIAL AID TRANSMITTAL PROCESS. FINANCIAL AID, STUDENT ACCOUNTS AND GENERAL LEDGER RECORDS ARE RECONCILED ON AN ONGOING BASIS THROUGH A COLLABORATIVE EFFORT OF STAFF FROM THE FINANCIAL AID OFFICE, BURSAR'S OFFICE AND CONTROLLER'S OFFICE. PART I, LINE 3: FOREIGN EXPENDITURES AND INVESTMENTS EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2021, IN ACCORDANCE WITH US GAAP. PART III ACCOUNTING METHOD: X X X X X X X 1 PROSPER NON-PROFIT ADVISORS 93 HILLCREST AVE LONGMEADOW MA 01106 CONSULTING 0 0 44604 -44604 44604 -44604 MA ALUMNI GOLF TRN 37486 13480 24006 5 9792 5835 770 37486 13480 24006 5 9792 5835 770 16402 7604 SCHEDULE G, PART I, LINE 2B, COLUMN (V) PROFESSIONAL FUNDRAISING SERVICES THE CONSULTING FIRM OF PROSPER NONPROFIT ADVISORS LLC WAS ENGAGED BY THE UNIVERSITY TO ASSIST WITH ASSESSING, PLANNING AND ADVISING RELATED TO THE UNIVERSITY'S ANNUAL GIVING PROGRAM. 1 SEOG FEDERAL FINANCIAL AID 213 504240 FEDERAL HEERF EMERGENCY STUDENT AID 1291 1357367 INSTITUTIONAL SCHOLARSHIPS 2677 52964637 PART I, LINE 2: MONITOR THE USE OF GRANT FUNDS IN THE U.S. ALL GRANT FUNDS ARE MONITORED BY AT LEAST TWO DIFFERENT DEPARTMENTS WHICH CREATES CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED ON A MONTHLY BASIS. PART III, LINE 3 - FEDERAL HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) EMERGENCY STUDENT AID THE UNIVERSITY RECEIVED CERTAIN FUNDING UNDER HIGHER EDUCATION EMERGENCY RELIEF FUND TO PROVIDE AID TO STUDENTS DURING THE YEAR THAT ENDED JUNE 30, 2021. THE UNIVERSITY WAS AWARDED AN ADDITIONAL $1,342,302 (CRRSAA, HEERF II) AND $3,482,598 (ARP, HEERF III) DURING THE YEAR ENDED JUNE 30, 2021 FOR THIS PURPOSE. THE FUNDS WERE USED FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS UNDER THE 18004 (A) (1) CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT. THE UNIVERSITY DISBURSED $1,357,367 TO STUDENTS AS OF JUNE 30, 2021 TO ASSIST STUDENTS WITH THE ONGOING CONSEQUENCES OF THE PANDEMIC. THE REMAINING $3,496,600 WILL BE UTILIZED IN FISCAL 2022. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DR ANTHONY S CAPRIO PRESIDENT (UNTIL 8/14/2020) 409807 0 126000 0 43241 0 19949 0 8403 0 607400 0 0 0 DR LINDA E JONES VP ACADEMIC AFF. (UNTIL 6/30/2020) 249279 0 0 0 822 0 17774 0 5787 0 273662 0 0 0 DR SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 246039 0 0 0 822 0 14914 0 5787 0 267562 0 0 0 SUDHA SETTY DEAN, SCHOOL OF LAW 249767 0 0 0 187 0 15367 0 862 0 266183 0 0 0 DR S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 235082 0 0 0 822 0 17018 0 12836 0 265758 0 0 0 BRYAN GROSS VP FOR ENROLLMENT MGT AND MARKTNG 220472 0 0 0 125 0 15029 0 14556 0 250182 0 0 0 DR ROBERT E JOHNSON PRESIDENT (AS OF 8/15/2020) 183242 0 0 0 33318 0 24938 0 28 0 241526 0 0 0 DR RICHARD A WAGNER VP FIN & ADMIN 208983 0 0 0 1583 0 15161 0 12556 0 238283 0 0 0 FREDERICK D ROYAL ASSOC. DEAN, LLM, PROF. OF LAW 207049 0 0 0 1643 0 12562 0 5704 0 226958 0 0 0 CURT HAMAKAWA INTERIM VP FOR ACADEMIC AFFAIRS 180862 0 0 0 444 0 12313 0 6922 0 200541 0 0 0 PART I, LINE 1A BENEFITS THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IS REIMBURSED FOR SNOW REMOVAL AND LAWN CARE. THE PRESIDENT'S HOUSING ALLOWANCE IS INCLUDED IN HIS TAXABLE COMPENSATION. THE PRESIDENT SUBMITS RECEIPTS AND IS REIMBURSED FOR HIS SNOW REMOVAL AND LAWN CARE EXPENSES THROUGH PAYROLL AS A TAXABLE REIMBURSEMENT. THE INFORMATION IS REPORTED TO PAYROLL AND IS ADDED TO HIS COMPENSATION AND TAXED ACCORDINGLY. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES THE SNOW REMOVAL AND LAWN CARE EXPENSE REIMBURSEMENT. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. PART I, LINE 7 NON-FIXED PAYMENTS ANTHONY S. CAPRIO RECEIVED A SUPPLMENTAL COMPENSATION PAYMENT OF $126,000 RELATED TO HIS RETIREMENT FROM THE UNIVERSITY EFFECTIVE AUGUST 14, 2020. THE SUPPLEMENTAL RETIREMENT AGREEMENT WAS APPROVED BY THE BOARD OF TRUSTEES ON MAY 13, 2020 AND PROVIDED DR. CAPRIO WITH A LUMP SUM PAYMENT OF $126,000, WITH $120,000 REPRESENTING A SUPPLEMENTAL RETIREMENT BENEFIT AND $6,000 REPRESENTING A SUBSIDY FOR DR. CAPRIO'S HEALTH INSURANCE COSTS IN THE YEAR FOLLOWING HIS RETIREMENT. A MDFA - SERIES 2009 - REISSUED 2012 043431814 000000000 2008-05-29 5000000 CONSTRUCTION - LAW SCHOOL ADDITION 0 0 0 B MDFA - SERIES 2015 043431814 57584XHE5 2015-12-22 39201607 REFUND ISSUE 10/19/05, NEW DINING HALL 0 0 0 C MDFA - SERIES 2018 043431814 57584YHJ1 2018-06-20 61551133 REFUND ISSUE 11/09/09, 12/20/11 NEW DINING HALL 0 0 0 A 2791107 5000000 61819 4938181 2008 0 0 1 1 B 2975000 39201607 462177 8079556 30659874 2017 1 0 1 1 C 900000 61551133 669480 18032220 42849433 2018 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 PART III, QUESTION 3A FOR BONDS A, ANY MANAGMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. PART IV, QUESTION 2C DATE OF REBATE COMPUTATION, THE REBATE COMPUTATIONS WERE PERFORMED AS FOLLOWS: MDFA SERIES 2008 - REISSUED 2012 - CALCULATION COMPLETED ON 10/30/2017 AND THE 6 MONTH SPENDING EXCEPTION APPLIES. MDFA SERIES 2015 - FINAL CALCULATION COMPLETED ON 12/22/2020, NO REBATE DUE MDFA SERIES 2018 - INTERIM REBATE CALCULATION COMPLETED ON 06/20/2021, NOT DUE UNTIL 06/20/2023. Y BOGLE SPOUSE OF TRUSTEE 81860 EMPLOYMENT COMPENSATION 0 SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 185490 ATHLETIC APPAREL VENDOR 0 SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 112819 BOOKSTORE VENDOR 0 X 6 12222 AVERAGE MARKET VALUE X GRAND PIANO 1 3500 ESTIMATED FMV X DATA LICENCES 1 2400 ACTUAL INVOICE 0 1 0 FORM 990, PART I, LINE 1 ABBREVIATED MISSION STATEMENT THE UNIVERSITY IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY, LAW, AND OCCUPATIONAL THERAPY. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION STATEMENT WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, AND PHARMACY AND HEALTH SCIENCES, AND SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, ENGINEERING, AND SOCIAL WORK, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM-SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE POSITIONED WELL TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. OUR CORE VALUES: *EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP, UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. *STUDENT-CENTERED LEARNING, PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. *A SENSE OF COMMUNITY, TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. *CULTIVATION OF A PLURALISTIC SOCIETY, CELEBRATING THE DIVERSITY OF OUR COMMUNITY, LOCALLY AND GLOBALLY, AND CREATING A COMMUNITY THAT FOSTERS TOLERANCE, INTEGRITY, ACCOUNTABILITY, CITIZENSHIP, AND SOCIAL RESPONSIBILITY. *INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION, CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. *COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE, PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. *STEWARDSHIP OF OUR CAMPUS, CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. OUR VISION FOR APPROACHING OUR SECOND CENTURY: IN 2019 WESTERN NEW ENGLAND UNIVERSITY CELEBRATED ITS CENTENNIAL AS AN INSTITUTION OF HIGHER EDUCATION. OUR FOCUS WILL CONTINUE TO BE ON THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF A DIVERSE AND GLOBAL SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. OUR NEXT DECADE WILL BE MARKED BY A CONTINUED DEDICATION TO EXCELLENCE, VISIONARY THINKING, FLEXIBILITY, AND ENTREPRENEURIAL SPIRIT. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF REGIONAL LEADERSHIP AND NATIONAL RECOGNITION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE TRUSTEE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH THE UNIVERSITY'S SECURE ONLINE WEBSITE. THE ENTIRE RETURN IS AVAILABLE THROUGH THE SECURE ONLINE WEBSITE AND THE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS THE RETURN IN AN OPEN FORUM THAT IS VIEWED BY ALL. ONCE THE COMMITTEE REVIEWS THE RETURN TO ENSURE COMPLIANCE WITH FILING REQUIREMENTS, THE FULL BOARD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE UNIVERSITY ASKS BOTH TRUSTEES AS WELL AS ADMINISTRATIVE EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE TRUSTEES' STATEMENTS ARE REVIEWED BY IN-HOUSE COUNSEL. IF ANY ISSUES AND/OR CONCERNS ARE FOUND, THE IN-HOUSE COUNSEL BRINGS THE MATTER FORWARD, AS APPROPRIATE, TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. EACH YEAR ALL ADMINISTRATIVE STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE FORWARDED TO THE HUMAN RESOURCE DEPARTMENT FOR REVIEW. ANY POTENTIAL CONFLICTS ARE BROUGHT FORWARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION 15A. THE COMPENSATION REVIEW PROCESS FOR THE PRESIDENT IS CONDUCTED THROUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MEETS DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE RELATIVE TO THE PRIOR YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE PERIODICALLY ENGAGES A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY IS ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO BENCHMARKED PEER INSTITUTIONS. PEER INSTITUTIONS ARE DEFINED ACCORDING TO MEASURES UTILITIZING INSTITUTIONAL ORGANIZATIONAL COMPLEXITY SUCH AS SIZE AND BREADTH OF PROGRAMMING. ADDITIONALLY, THE SUB-COMMITTEE RELIES ON INTERNAL DATA REGARDING COMPENSATION CHANGES BEING CONSIDERED FOR OTHER UNIVERSITY POSITIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALULATION. THE MINUTES OF THE COMPENSATION SUB-COMMITTEE AND EXECUTIVE COMMITTEE ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THESE MINUTES, WITH MOTIONS FOR COMPENSATION PACKAGES, ARE MAILED TO ALL TRUSTEES. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION STANDARD. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION, THE COMMITTEE RELIES ON APPROPRIATE INTERNAL AND EXTERNAL DATA AS TO BOTH COMPENSATION LEVEL AND COMPENSATION CHANGE PRIOR TO MAKING ITS DETERMINATION, AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B. THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS MOST HEAVILY MEASURED AGAINST THE PERFORMANCE OF THE INDIVIDUALS AND CONTEMPORANEOUS PUBLISHED SALARY DATA FROM THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE INSTITUTIONS WITHIN THE SAME CARNEGIE CATEGORIES AS THE UNIVERSITY. THE PRESIDENT DETERMINES ANY INCREASES BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. HE REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE THE IRS FORM 990 IS AVAILABLE UPON REQUEST FROM THE UNIVERSITY. IT IS POSTED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS, ON THE UNIVERSITY'S WEBSITE (HTTPS://WWW1.WNE.EDU/CONTROLLER/FEDERAL%20990%20TAX%20RETURNS.CFM) AND THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THIS OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 164,877. CHARITABLE REMAINDER TRUSTS (3) 1215 WILBRAHAM RD SPRINGFIELD MA 01119 CHARITABLE TR MA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0