ASSUMPTION UNIVERSITY: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ASSUMPTION UNIVERSITY (EIN 04-2105776)
- Tax period
- 2020-06-01 to 2021-05-31
- Filed
- 2022-04-14
- IRS object ID
- 202211049349300246
- Schema version
- 2020v4.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-14T14:20:53-05:00 | ReturnTs |
| Tax Period End | 2021-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042105776 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSUMPTION UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASSU | BusinessNameControlTxt |
| Phone | 5087677000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SALISBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016091296 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER WELLS | PersonNm |
| Person Title | TREASURER, VP FINANCE & ADMIN. | PersonTitleTxt |
| Phone | 5087677000 | PhoneNum |
| Signature | 2022-04-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PETER | PersonFirstNm |
| Person Last | WELLS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FRANCESCO CESAREO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SALISBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016091296 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $167,571,582 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ASSUMPTION.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1904 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | HIGHER EDUCATION OF MEN AND WOMEN. ASSUMPTION UNIVERSITY STRIVES TO FORM GRADUATES KNOWN FOR CRITICAL INTELLIGENCE, THOUGHTFUL CITIZENSHIP AND COMPASSIONATE SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 1115 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $45,900 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $38,400 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,762,798 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,060,355 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $102,376,348 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $101,000,846 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,055,458 | PYInvestmentIncomeAmt |
| CY Investment Income | $26,809,649 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,485,109 | PYOtherRevenueAmt |
| CY Other Revenue | $1,174,340 | CYOtherRevenueAmt |
| PY Total Revenue | $116,679,713 | PYTotalRevenueAmt |
| CY Total Revenue | $147,045,190 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $47,313,793 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $54,038,284 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $38,566,903 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $38,412,095 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $9,606 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $1,856 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,485,460 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,509,168 | PYOtherExpensesAmt |
| CY Other Expenses | $28,645,250 | CYOtherExpensesAmt |
| PY Total Expenses | $114,399,470 | PYTotalExpensesAmt |
| CY Total Expenses | $121,097,485 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,280,243 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $25,947,705 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $240,513,543 | TotalAssetsBOYAmt |
| Total Assets EOY | $264,318,471 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $63,670,568 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $60,755,414 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $176,842,975 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $203,563,057 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ASSUMPTION UNIVERSITY, IS A COMPREHENSIVE, CATHOLIC LIBERAL ARTS INSTITUTION SPONSORED BY THE AUGUSTINIANS OF THE ASSUMPTION. WE AWAKEN IN STUDENTS A SENSE OF WONDER, DISCOVERY, AND PURPOSE, FORMING GRADUATES KNOWN FOR THEIR INTELLECTUAL SERIOUSNESS, THOUGHTFUL CITIZENSHIP, AND DEVOTION TO THE COMMON GOOD. OUR CURRICULAR AND CO-CURRICULAR PROGRAMS PROVIDE STUDENTS WITH AN EDUCATION THAT SHAPES THEIR SOULS, FORMS THEM INTELLECTUALLY, AND PREPARES THEM FOR MEANINGFUL CAREERS. WE ARE A DIVERSE COMMUNITY THAT WELCOMES DIFFERENT POINTS OF VIEW AND EMBRACES ALL WHO SHARE OUR MISSION. ENLIVENED BY THE CATHOLIC AFFIRMATION OF THE HARMONY OF FAITH AND REASON, AND BY THE PURSUIT OF THE TRUTH IN THE COMPANY OF FRIENDS, AN ASSUMPTION EDUCATION TRANSFORMS THE MIND AND HEARTS OF STUDENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $97,190,689 | ExpenseAmt |
| Grant | $54,038,284 | GrantAmt |
| Revenue | $92,078,794 | RevenueAmt |
| Desc | HIGHER EDUCATION TUITION: PROVIDES COLLEGE DEGREE PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVEL. THE UNIVERSITY AWARDED 470 UNDERGRADUATE DEGREES TO 395 RECIPIENTS, 184 GRADUATE DEGREES AND 32 CONTINUING AND PROFESSIONAL EDUCATION DEGREES AT COMMENCEMENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,309,859 | ExpenseAmt |
| Revenue | $6,076,555 | RevenueAmt |
| Desc | AUX. ENTERPRISES: PROVIDE ON CAMPUS HOUSING TO APPROXIMATELY 1,800 STUDENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,318,965 | ExpenseAmt |
| Revenue | $3,973,937 | RevenueAmt |
| Desc | AUX. ENTERPRISES: PROVIDE BOARD, BOOKS, ETC. TO APPROXIMATELY 2,000 STUDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $113,819,513 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 102 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1115 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | IT | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER WELLS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5087677350 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SALISBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016091296 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| FRANCESCO CESAREO | ||||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $548,773 | $0 | $134,977 | ||
| FRANCIS BEDARD | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUZANNE BESNIA | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD BURKE JR | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CARL CAFARO | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV ALEX A CASTRO | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MAJOR GENERAL RETIRED ROBERT G | ||||||||
| CATALANOTTI, TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD CATRAMBONE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROLYN M CLANCY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW DOYLE | ||||||||
| TRUSTEE (UNTIL 5/31/21) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV JOHN FRANCK | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV DENNIS GALLAGHER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT GRAY JR | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DR MICHAEL KELLY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALISON C KENARY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES KRUKONES | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV VINCENT LECLERCQ | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| HARRIS MACNEILL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINE CANNON MARCKS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LILLIAM MILLER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV MARCEL POIRIER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV PETER PRECOURT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV EDWARD SHATOV | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DR STEPHEN SKOLY JR | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL D SLEEPER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH SPILLANE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SR CLARE TERESA TJADER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW VIENS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JON WEAVER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY STANTON | ||||||||
| VP OF INSTITUTIONAL ADVANCEMENT | 40.00 | Yes (X) | $231,179 | $0 | $66,641 | |||
| ROBERT MIRABILE | ||||||||
| VP OF ENROLLMENT MANAGEMENT | 40.00 | Yes (X) | $203,218 | $0 | $43,041 | |||
| PETER WELLS | ||||||||
| TREASURER, VP FINANCE & ADMIN | 40.00 | Yes (X) | $187,833 | $0 | $41,635 | |||
| DEBORAH CADY MELZER | ||||||||
| VP OF STUDENT AFFAIRS (FROM 1/6/20) | 40.00 | Yes (X) | $166,736 | $0 | $49,656 | |||
| GREGORY WEINER | ||||||||
| VICE PRESIDENT/PROVOST | 40.00 | Yes (X) | $174,055 | $0 | $40,375 | |||
| CONWAY CAMPBELL | ||||||||
| VICE PRESIDENT OF STUDENT SUCCESS | 40.00 | Yes (X) | $121,138 | $0 | $37,053 | |||
| MICHAEL RUBINO | ||||||||
| SECRETARY TO THE BOARD | 28.00 | Yes (X) | $84,055 | $0 | $33,137 | |||
| MICHAEL GUILFOYLE | ||||||||
| EXECUTIVE DIRECTOR | 40.00 | $154,802 | $0 | $12,436 | Yes (X) | |||
| JAMES BENESTAD | ||||||||
| PROFESSOR | 40.00 | $229,140 | $0 | $15,632 | Yes (X) | |||
| RAYMOND ALBERT | ||||||||
| DIRECTOR | 40.00 | $188,166 | $0 | $25,015 | Yes (X) | |||
| PAUL ADY | ||||||||
| ASSOCIATE PROFESSOR | 40.00 | $179,558 | $0 | $19,905 | Yes (X) | |||
| KEVIN CARLIN | ||||||||
| ASSOCIATE PROFESSOR | 40.00 | $169,355 | $0 | $21,255 | Yes (X) | |||
| WILLIAM KATCHER | ||||||||
| ASSOCIATE PROFESSOR | 40.00 | $167,189 | $0 | $6,699 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,805,197 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $547,457 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 40 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LAURING CONSTRUCTION CO INC | |||||
| 23 BRIGHAM ROAD | WORCESTER | MA | 01609 | CONSTRUCTION | $12,322,654 |
| SODEXO | |||||
| PO BOX 360170 | PITTSBURGH | PA | 152516170 | DINING AND FACILITIES SERVICES | $5,927,719 |
| JJ BAFARO | |||||
| PO BOX 943 | WORCESTER | MA | 016130943 | MECHANICAL CONTRACTOR | $507,858 |
| BOWDITCH & DEWEY | |||||
| 311 MAIN STREET | WORCESTER | MA | 01615 | LEGAL SERVICES | $168,476 |
| RSM US LLP | |||||
| 515 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | ACCOUNTING & TAX SERVICES | $128,624 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $11,750,464 | GovernmentGrantsAmt |
| All Other Contributions | $6,309,891 | AllOtherContributionsAmt |
| Noncash Contributions | $2,462,979 | NoncashContributionsAmt |
| Total Contributions | $18,060,355 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | $92,078,794 | $92,078,794 | |
| AUXILIARY | 611310 | $8,922,052 | $8,876,152 | $45,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $101,000,846 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,021,148 | TotalRevenueColumnAmt |
| Exclusion | $2,021,148 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $45,314,893 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,526,392 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,788,501 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,788,501 | TotalRevenueColumnAmt |
| Exclusion | $24,788,501 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ATHLETIC PROGRAMS | 611310 | $519,075 | $519,075 |
| EXTRACURRICULAR ACTIVITIES | 611310 | $82,586 | $82,586 |
| CHAPEL | 611310 | $53,438 | $53,438 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $519,241 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $519,241 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,174,340 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $147,045,190 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $102,129,286 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $45,900 | UnrelatedBusinessRevenueAmt |
| Exclusion | $26,809,649 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,038,284 | TotalAmt |
| Program Services | $54,038,284 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,496,492 | TotalAmt |
| Program Services | $934,307 | ProgramServicesAmt |
| Management And General | $368,234 | ManagementAndGeneralAmt |
| Fundraising | $193,951 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,705,333 | TotalAmt |
| Program Services | $24,304,832 | ProgramServicesAmt |
| Management And General | $2,810,581 | ManagementAndGeneralAmt |
| Fundraising | $589,920 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,304,054 | TotalAmt |
| Program Services | $1,134,527 | ProgramServicesAmt |
| Management And General | $116,736 | ManagementAndGeneralAmt |
| Fundraising | $52,791 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,995,169 | TotalAmt |
| Program Services | $5,395,652 | ProgramServicesAmt |
| Management And General | $438,427 | ManagementAndGeneralAmt |
| Fundraising | $161,090 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,911,047 | TotalAmt |
| Program Services | $1,624,389 | ProgramServicesAmt |
| Management And General | $235,606 | ManagementAndGeneralAmt |
| Fundraising | $51,052 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,415,356 | TotalAmt |
| Program Services | $9,055,591 | ProgramServicesAmt |
| Management And General | $359,765 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,590 | TotalAmt |
| Management And General | $197,590 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,587 | TotalAmt |
| Management And General | $101,587 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,856 | TotalAmt |
| Fundraising | $1,856 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,436 | TotalAmt |
| Program Services | $36,071 | ProgramServicesAmt |
| Management And General | $6,365 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $872,129 | TotalAmt |
| Program Services | $434,388 | ProgramServicesAmt |
| Management And General | $303,488 | ManagementAndGeneralAmt |
| Fundraising | $134,253 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,154,419 | TotalAmt |
| Program Services | $1,119,449 | ProgramServicesAmt |
| Management And General | $3,465 | ManagementAndGeneralAmt |
| Fundraising | $31,505 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $801,928 | TotalAmt |
| Program Services | $681,639 | ProgramServicesAmt |
| Management And General | $88,203 | ManagementAndGeneralAmt |
| Fundraising | $32,086 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,414,225 | TotalAmt |
| Program Services | $2,925,769 | ProgramServicesAmt |
| Management And General | $296,699 | ManagementAndGeneralAmt |
| Fundraising | $191,757 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,536,176 | TotalAmt |
| Program Services | $1,446,310 | ProgramServicesAmt |
| Management And General | $59,143 | ManagementAndGeneralAmt |
| Fundraising | $30,723 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,040 | TotalAmt |
| Program Services | $53,581 | ProgramServicesAmt |
| Management And General | $3,459 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,203 | TotalAmt |
| Program Services | $52,203 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,079,622 | TotalAmt |
| Program Services | $1,016,407 | ProgramServicesAmt |
| Management And General | $63,215 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,660,630 | TotalAmt |
| Program Services | $4,387,734 | ProgramServicesAmt |
| Management And General | $272,896 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $878,250 | TotalAmt |
| Program Services | $843,120 | ProgramServicesAmt |
| Management And General | $35,130 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| COVID TESTING AND SUPPP | $2,179,408 | $2,179,408 | |
| STUDENT EMERGENCY AID R | $742,516 | $742,516 | |
| EVENTS | $719,587 | $705,111 | $14,476 |
| STUDENT GOVERNMENT ASSO | $420,926 | $420,926 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,222 | TotalAmt |
| Program Services | $287,299 | ProgramServicesAmt |
| Management And General | $31,923 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,097,485 | TotalAmt |
| Program Services | $113,819,513 | ProgramServicesAmt |
| Management And General | $5,792,512 | ManagementAndGeneralAmt |
| Fundraising | $1,485,460 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,963,009 | BOYAmt |
| EOY | $22,705,733 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,972,462 | BOYAmt |
| EOY | $1,376,469 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,308,083 | BOYAmt |
| EOY | $9,983,251 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,195,729 | BOYAmt |
| EOY | $1,029,781 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,270,246 | BOYAmt |
| EOY | $822,013 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,049,376 | BOYAmt |
| EOY | $1,290,018 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $186,021,985 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $78,829,017 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,844,521 | BOYAmt |
| EOY | $107,192,968 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,324,641 | BOYAmt |
| EOY | $102,240,455 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,118,841 | BOYAmt |
| EOY | $15,847,908 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,466,635 | BOYAmt |
| EOY | $1,829,875 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,513,543 | BOYAmt |
| EOY | $264,318,471 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,929,663 | BOYAmt |
| EOY | $5,796,141 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,167,200 | BOYAmt |
| EOY | $7,132,493 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,773,521 | BOYAmt |
| EOY | $37,692,340 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,800,184 | BOYAmt |
| EOY | $10,134,440 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,670,568 | BOYAmt |
| EOY | $60,755,414 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,289,919 | BOYAmt |
| EOY | $149,174,621 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,553,056 | BOYAmt |
| EOY | $54,388,436 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,842,975 | BOYAmt |
| EOY | $203,563,057 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,513,543 | BOYAmt |
| EOY | $264,318,471 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $25,947,705 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $772,377 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $1,108,996 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $82,904,251 | BeginningYearBalanceAmt |
| Contributions | $564,179 | ContributionsAmt |
| Investment Earnings Or Losses | $22,664,982 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $998,357 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,343,864 | OtherExpendituresAmt |
| End Year Balance | $101,791,191 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $102,942,073 | BeginningYearBalanceAmt |
| Contributions | $479,172 | ContributionsAmt |
| Investment Earnings Or Losses | $3,149,005 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,665,999 | GrantsOrScholarshipsAmt |
| Other Expenditures | $18,000,000 | OtherExpendituresAmt |
| End Year Balance | $82,904,251 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $108,439,232 | BeginningYearBalanceAmt |
| Contributions | $716,515 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,580,936 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,632,738 | GrantsOrScholarshipsAmt |
| End Year Balance | $102,942,073 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $102,544,361 | BeginningYearBalanceAmt |
| Contributions | $483,185 | ContributionsAmt |
| Investment Earnings Or Losses | $9,290,421 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,878,735 | GrantsOrScholarshipsAmt |
| End Year Balance | $108,439,232 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $93,937,351 | BeginningYearBalanceAmt |
| Contributions | $754,562 | ContributionsAmt |
| Investment Earnings Or Losses | $10,620,974 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,468,526 | GrantsOrScholarshipsAmt |
| Other Expenditures | $300,000 | OtherExpendituresAmt |
| End Year Balance | $102,544,361 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.55000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.28000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.17000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,250,548 | OtherCostOrOtherBasisAmt |
| Book Value | $2,250,548 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $161,450,247 | OtherCostOrOtherBasisAmt |
| Depreciation | $67,423,794 | DepreciationAmt |
| Book Value | $94,026,453 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,974,381 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,405,223 | DepreciationAmt |
| Book Value | $9,569,158 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,346,809 | OtherCostOrOtherBasisAmt |
| Book Value | $1,346,809 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $107,192,968 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP INVESTMENTS | Desc |
| Book Value | $15,847,908 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $15,847,908 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITY OBIGATIONS | $594,379 |
| LIABILITY UNDER INTEREST RATE SWAP AGREEMENTS | $196,094 |
| ASSET RETIREMENT OBLIGATION | $249,312 |
| REFUNDABLE GOVERNMENT STUDENT LOANS | $1,594,655 |
| PAYROLL PROTECTION PROGRAM LOAN | $7,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,134,440 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $94,521,799 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$52,523,391 | OtherRevenueAmt |
| Revenue Not Reported | -$52,523,391 | RevenueNotReportedAmt |
| Revenue Subtotal | $147,045,190 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $147,045,190 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $67,801,717 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $67,801,717 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $53,295,768 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $53,295,768 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $121,097,485 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | ST. JOHN'S BIBLE, FR. D'ALZON STATUE, SAINT AUGUSTINE STATUE AND STAIN GLASS WINDOWS ARE LOCATED ON CAMPUS AS PART OF OUR MISSION AS A CATHOLIC INSTITUTION. IN ADDITION, THERE IS A BOOK COLLECTION FROM FR. TAVARD IN THE UNIVERSITY'S LIBRARY. |
| PART V, LINE 4: | THE INTENDED USES OF THE UNIVERSTY'S ENDOWMENT FUNDS ARE FOR FINANCIAL ASSISTANCE AND SCHOLARSHIPS FOR STUDENTS ATTENDING THE UNIVERSITY, AND FOR ADDITIONAL FACILITIES AND FACULTY DEVELOPMENT. |
| PART X, LINE 2: | THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE UNIVERSITY RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. THE UNIVERSITY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID AND SCHOLARSHIPS -53,295,768. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 157,294. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 363,240. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 251,843. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AND SCHOLARSHIPS 53,295,768. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE NOTICE OF NON DISCRIMINATION POLICY IS MAILED TO EACH STUDENT. IN ADDITION NOTICES ARE POSTED ON CAMPUS BULLETIN BOARDS AND UNIVERSITY PORTAL SYSTEM. THE UNIVERSITY CATALOG ALSO CONTAINS THE COMPLETE POLICY. |
| SCHEDULE E, PART I, LINE 6 | THE UNIVERSITY IS AWARDED FEDERALLY FUNDED AID TO DISBURSE TO QUALIFIED STUDENTS. THE UNIVERSITY RECEIVED FUNDING FROM THE FEDERAL GOVERNMENT THROUGH THREE GRANTS AS PART OF THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF). THE TOTAL AMOUNTS OF THE FIRST AND SECOND ROUNDS OF HEERF FUNDING WERE $1,485,031 AND $2,203,031, RESPECTIVELY. THE BARRIERS TO ENTITLEMENT FOR THE FIRST TWO HEERF GRANTS WERE MET DURING THE YEAR ENDED MAY 31, 2021 AND THE AMOUNTS ARE INCLUDED IN GRANT REVENUE ON THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THE UNIVERSITY DID NOT COMMIT TO PARTICIPATION IN THE THIRD ROUND OF HEERF FUNDING AS OF MAY 31, 2021, SO THE THIRD GRANT OF $3,944,408 WILL LIKELY BE RECOGNIZED AS REVENUE DURING THE YEAR ENDED MAY 31, 2022. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | 1 | PROGRAM SERVICES | STUDY ABROAD CAMPUS AND PROGRAM | $84,304 |
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $12,047,763 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $12,132,067 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $12,132,067 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| INSTITUTIONAL & ENDOWED GRANTS/SCHOLARSHIPS | 2145 | $49,771,317 | BOOK | CREDIT TO STUDENT ACCOUNTS | |
| PELL | 420 | $1,911,652 | |||
| SEOG | 171 | $372,489 | |||
| MA AND OTHER STATE SCHOLARSHIPS | 411 | $1,022,399 | |||
| FEDERAL WORK STUDY | 87 | $103,951 | |||
| DOE RC GRANT | 12 | $113,960 | |||
| HEERF STUDENT AID | 1055 | $742,516 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE UNIVERSITY'S FINANCIAL AID OFFICE FOLLOWS ALL REGULATIONS WHEN AWARDING GRANTS AND SCHOLARSHIPS. STUDENT'S ELIGIBILITY IS REVIEWED EACH TERM TO ENSURE COMPLIANCE WITH AWARDING INSTITUTIONAL, FEDERAL AND STATE AID WITH POLICIES AND PROCEDURES. THE UNIVERSITY ALSO FILES ANNUAL STATE GRANT YEAR END REPORTING, FISAP AND IPEDS DATA. STUDENT ELIGIBILITY IS BASED ON THEIR PER TERM STANDING AND AID IS EVALUATED BASED ON THEIR ENROLLMENT. |
| SCHEDULE I, PART III, LINE 7 | THE UNIVERSITY PROVIDED DIRECT EMERGENCY AID TO ELIGIBLE STUDENTS FOR THEIR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS DUE TO CORONAVIRUS. $742,516 WAS FUNDED BY THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) ESTABLISHED UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRANCESCO CESAREO | ||||||||||||||
| PRESIDENT | $354,506 | $0 | $0 | $0 | $194,267 | $0 | $65,500 | $0 | $69,477 | $0 | $683,750 | $0 | $138,400 | $0 |
| TIMOTHY STANTON | ||||||||||||||
| VP OF INSTITUTIONAL ADVANCEMENT | $225,635 | $0 | $0 | $0 | $5,544 | $0 | $19,412 | $0 | $47,229 | $0 | $297,820 | $0 | $0 | $0 |
| ROBERT MIRABILE | ||||||||||||||
| VP OF ENROLLMENT MANAGEMENT | $201,958 | $0 | $0 | $0 | $1,260 | $0 | $16,800 | $0 | $26,241 | $0 | $246,259 | $0 | $0 | $0 |
| JAMES BENESTAD | ||||||||||||||
| PROFESSOR | $76,913 | $0 | $0 | $0 | $152,227 | $0 | $7,267 | $0 | $8,365 | $0 | $244,772 | $0 | $0 | $0 |
| PETER WELLS | ||||||||||||||
| TREASURER, VP FINANCE & ADMIN | $185,901 | $0 | $0 | $0 | $1,932 | $0 | $15,507 | $0 | $26,128 | $0 | $229,468 | $0 | $0 | $0 |
| DEBORAH CADY MELZER | ||||||||||||||
| VP OF STUDENT AFFAIRS (FROM 1/6/20) | $165,041 | $0 | $0 | $0 | $1,695 | $0 | $13,050 | $0 | $36,606 | $0 | $216,392 | $0 | $0 | $0 |
| GREGORY WEINER | ||||||||||||||
| VICE PRESIDENT/PROVOST | $172,206 | $0 | $0 | $0 | $1,849 | $0 | $14,400 | $0 | $25,975 | $0 | $214,430 | $0 | $0 | $0 |
| RAYMOND ALBERT | ||||||||||||||
| DIRECTOR | $187,392 | $0 | $0 | $0 | $774 | $0 | $15,200 | $0 | $9,815 | $0 | $213,181 | $0 | $0 | $0 |
| PAUL ADY | ||||||||||||||
| ASSOCIATE PROFESSOR | $59,884 | $0 | $0 | $0 | $119,674 | $0 | $5,708 | $0 | $14,197 | $0 | $199,463 | $0 | $0 | $0 |
| KEVIN CARLIN | ||||||||||||||
| ASSOCIATE PROFESSOR | $56,088 | $0 | $0 | $0 | $113,267 | $0 | $5,404 | $0 | $15,851 | $0 | $190,610 | $0 | $0 | $0 |
| WILLIAM KATCHER | ||||||||||||||
| ASSOCIATE PROFESSOR | $56,788 | $0 | $0 | $0 | $110,401 | $0 | $5,238 | $0 | $1,461 | $0 | $173,888 | $0 | $0 | $0 |
| MICHAEL GUILFOYLE | ||||||||||||||
| EXECUTIVE DIRECTOR | $154,532 | $0 | $0 | $0 | $270 | $0 | $12,363 | $0 | $73 | $0 | $167,238 | $0 | $0 | $0 |
| CONWAY CAMPBELL | ||||||||||||||
| VICE PRESIDENT OF STUDENT SUCCESS | $119,841 | $0 | $0 | $0 | $1,297 | $0 | $9,533 | $0 | $27,520 | $0 | $158,191 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE UNIVERSITY PROVIDED ON-CAMPUS HOUSING TO FRANCESCO CESAREO, PRESIDENT, WHICH IS NOT TAXABLE PURSUANT TO SEC. 119. THE VALUE OF THE HOUSING IS INCLUDED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE PRESIDENT AND TIMOTHY STANTON, VP, RECEIVED COUNTRY CLUB MEMBERSHIP DUES BENEFIT WHICH WERE TREATED AS NONTAXABLE. THEY ARE REPORTED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE MEMBERSHIP IS A WORKING CONDITION FRINGE BENEFIT. THE UNIVERSITY HOLDS FUNDRAISERS AT THE COUNTRY CLUB AND THE PRESIDENT AND VP USE THE MEMBERSHIP FOR CULTIVATING DONORS AND CAPITAL CAMPAIGN RELATED FUNCTIONS. |
| PART I, LINE 4A | THE FOLLOWING INDIVIDUALS LEFT THEIR POSITIONS DURING THE YEAR AND RECEIVED SEVERANCE PAYMENTS REPORTED IN PART II, COLUMN (B)(III): PAUL ADY, ASSOCIATE PROFESSOR, RECIEVED $118,916 KEVIN CARLIN, ASSOCIATE PROFESSOR, RECEIVED $112,575 WILLIAM KATCHER, ASSISTANT PROFESSOR, RECEIVED $109,131 JAMES BENESTAD, PROFESSOR, RECEIVED $151,403 |
| PART I, LINE 4B | THE UNIVERSITY HAS ESTABLISHED A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) FOR THE PRESIDENT OF THE UNIVERSITY. THE UNIVERSITY SHALL CREDIT THE SECTION 457(F) PLAN EACH JANUARY 1ST DURING THE FIVE-YEAR TERM STARTING JULY 1, 2015. ALL ACCRUED DEFERRED COMPENSATION SHALL VEST AND BE PAYABLE ON THE EARLIEST OF DEATH, PERMANENT DISABILITY, TERMINATION WITHOUT CAUSE BY THE UNIVERSITY, RESIGNATION FOR GOOD REASON, OR COMPLETION OF THE INTIAL TERM OF THE ARRANGEMENT (JUNE 30, 2020). THE PRESIDENT OF THE UNIVERSITY RECEIVED A PAYMENT OF $188,723 FROM, A 457(F) PLAN REPORTED IN PART II, COLUMN (B)(III). THE UNIVERSITY HAS CONTRIBUTED $34,600 TO A SEC. 457F PLAN DURING FY21 FOR THE PRESIDENT, AND IT IS REPORTED IN PART II, COLUMN (C). |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2012-08-01 | $28,610,000 | REFUNDING 2002 ISSUE | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2014-06-06 | $9,720,000 | REFUNDING 2000A ISSUE | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY | |||||||
| C | 043431814 | 2016-09-30 | $32,000,000 | CONSTRUCTION OF NEW BUILDING AND REDEEM A PORTION OD SERIES 2012 BONDS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $27,391,692 | $28,610,000 | $297,863 | $28,312,137 | 2002 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $4,045,000 | $9,720,000 | $75,300 | $9,644,700 | 2000 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| C | $1,000,000 | $32,000,000 | $138,850 | $16,861,150 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) | $15,000,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | C | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | ||||||||||||
| A | 0 | 0 | 0 | 0 | Yes (1) | Yes (1) | 20.000000000000 | 0 | 0 | 0 | 0 | Yes (1) |
| (no name) | ||||||||||||
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 48 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,462,979 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF DONATED SECURITIES IS BASED ON THE NUMBER OF GIFTS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT (VP OF FINANCE/TREASURER) REVIEWS THE FORM 990 FILING IN A DRAFT FORM AND THEN DISTRIBUTES TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | DURING THE FALL OF EACH YEAR, THE SECRETARY OF THE BOARD MAILS TO ALL UNIVERSITY TRUSTEES AND OFFICERS A QUESTIONNAIRE ASKING THEM TO DISCLOSE ANY RELATED PARTY TRANSACTIONS WITH THE UNIVERSITY. A TOTAL OF SEVEN QUESTIONS ARE ASKED. THE MEMORANDUM EXPLAINS THE NECESSITY OF COMPLETING THE RELATED PARTY QUESTIONNAIRE AND EMPHASIZED THE FACT THAT THE UNIVERSITY EXPECTS A 100% RESPONSE. IN ADDITION TO THE QUESTIONNAIRE AND MEMORANDUM, THE TRUSTEES AND OFFICERS ALSO RECEIVE A TWO PAGE INSTRUCTIONAL DOCUMENT WHICH EXPLAINS IN SIMPLE TERMS WHAT A CONFLICT OF INTEREST IS AND WHY FULL DISCLOSURE OF A REAL OR PERCEIVED CONFLICT OF INTEREST IS IMPORTANT. THIS DOCUMENT ALSO INCLUDES A NUMBER OF RECOMMENDATIONS ON THE SUBJECT PUT FORTH BY THE MASSACHUSETTS ATTORNEY GENERAL. ONCE COMPLETED, THE QUESTIONNAIRES ARE RETURNED TO THE SECRETARY OF THE BOARD WHO MONITORS THEIR RESPONSE AND FOLLOWS UP WITH THOSE TRUSTEES AND OFFICERS WHO ARE TARDY IN COMPLETING AND RETURNING THEIR QUESTIONNAIRES. |
| FORM 990, PART VI, SECTION B, LINE 15 | A COMPENSATION COMMITTEE MADE UP OF FOUR UNIVERSITY TRUSTEES, THE CHAIR, THE VICE CHAIR, THE CHAIR OF THE FINANCE COMMITTEE, AND THE CHAIR OF THE STUDENT EXPERIENCE COMMITTEE ESTABLISHES THE COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY ON AN ANNUAL BASIS. THE COMPENSATION COMMITTEE USES COMPARABLE DATA WHICH IS PUBLISHED ANNUALLY IN THE CHRONICLE OF HIGHER EDUCATION AND REPORTS RECEIVED FROM INDEPENDENT COMPENSATION CONSULTANTS. ADDITIONALLY THE ENTIRE BOARD CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT. OTHER OFFICERS AND KEY EMPLOYEES ARE NORMALLY REVIEWED BY THE PRESIDENT OF THE UNIVERISTY WHO MAKES AN ADJUSTMENT IN THEIR SALARY BASED ON PERFORMANCE FACTORS AND ALSO BASED ON THE CHRONICLE OF HIGHER EDUCATION. THE COMPENSATION OF THE VICE PRESIDENTS IS REVIEWED BY THE COMPENSATION COMMITTEE ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | FOR INTERESTED THIRD PARTIES, ALL OF THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 (PUBLIC DISCLOSURE COPY) AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST FROM THE SECRETARY AT ASSUMPTION UNIVERSITY (500 SALISBURY STREET, WORCESTER, MA 01609) FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FOR ALL EMPLOYEES OF THE UNIVERSITY, ALL OF THE POLICIES AND PROCEDURES INCLUDING THE WHISTLEBLOWER POLICY, CONFLICT OF INTEREST POLICY AND OTHERS ARE AVAILABLE VIA OUR INTERNAL ONLINE PORTAL SYSTEM. A COPY OF THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 157,294. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 363,240. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 251,843. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| CHARITABLE REMAINDER TRUST (1) | |||
| CHARITABLE REMAINDER TRUST | MA | ASSUMPTION UNIVERSITY | 0 |
| CHARITABLE REMAINDER TRUST (1) | |||
| CHARITABLE REMAINDER TRUST | RI | ASSUMPTION UNIVERSITY | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |