CLARK UNIVERSITY: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CLARK UNIVERSITY (EIN 04-2111203)
- Tax period
- 2020-06-01 to 2021-05-31
- Filed
- 2022-03-01
- IRS object ID
- 202230619349301228
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-03-01T12:59:25-07:00 | ReturnTs |
| Tax Period End | 2021-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grant Thornton LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 State Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | 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 | 042111203 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES OF CLARK UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUS | BusinessNameControlTxt |
| Phone | 5087937455 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Danielle Manning | PersonNm |
| Person Title | Executive Vice President | PersonTitleTxt |
| Phone | 5087937455 | PhoneNum |
| Signature | 2022-02-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Erin Couture | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6175483174 | PhoneNum |
| Preparation | 2022-02-28 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 1 | TrustedCustomerCd |
| OOB Security Verification | 11 | OOBSecurityVerificationCd |
| Last Submission Rqr OOB | 1 | LastSubmissionRqrOOBCd |
| Authentication Assurance Level | AAL2 | AuthenticationAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Clark University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | David Fithian | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $357,602,443 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.clarku.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1887 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Clark University's mission is to educate undergraduate and graduate students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 2436 | TotalEmployeeCnt |
| Total Volunteers | 334 | TotalVolunteersCnt |
| Total Gross UBI | $1,538,587 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,397 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $25,963,306 | PYContributionsGrantsAmt |
| CY Contributions Grants | $21,420,289 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $164,140,320 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $157,322,538 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,390,489 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,283,267 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,453,483 | PYOtherRevenueAmt |
| CY Other Revenue | $1,267,569 | CYOtherRevenueAmt |
| PY Total Revenue | $200,947,598 | PYTotalRevenueAmt |
| CY Total Revenue | $181,293,663 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $77,428,841 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $76,312,241 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $76,957,589 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $79,776,831 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,716,715 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $42,934,695 | PYOtherExpensesAmt |
| CY Other Expenses | $43,410,525 | CYOtherExpensesAmt |
| PY Total Expenses | $197,321,125 | PYTotalExpensesAmt |
| CY Total Expenses | $199,499,597 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,626,473 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$18,205,934 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $609,464,924 | TotalAssetsBOYAmt |
| Total Assets EOY | $718,521,244 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $99,952,634 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $106,448,889 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $509,512,290 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $612,072,355 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Clark University's mission is to educate undergraduate and graduate students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. Clark fosters a commitment to excellence in studying traditional academic disciplines, as well as innovation in exploring questions that cross disciplinary boundaries. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $68,442,630 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $146,936,941 | RevenueAmt |
| Desc | Instruction and academic support: Clark's Fall 2020 enrollment consisted of 2,241 undergraduates and 1,184 graduate students. Our motto - and mission - is "Challenge Convention; Change Our World", and our faculty members work to inspire their students to utilize their liberal arts based education to make a real difference in the communities in which they live and work. We also have strong graduate programs, which include masters' level degrees and eight PhD programs. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $15,589,941 | ExpenseAmt |
| Grant | $2,724,504 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Research: Clark is committed to a program of research and has a very professionally active faculty, virtually all of whom are engaged in sponsored or unsponsored research and creative activity. Undergraduate and graduate students participate extensively in faculty-directed research. Research is funded by both private and public grants. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $73,587,737 | ExpenseAmt |
| Grant | $73,587,737 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Financial Aid: Clark is committed to being affordable to those students able to meet the high academic expectations of our faculty. Approximately 88% of undergraduate students receive some level of financial assistance, which is distributed on the basis of both merit and financial need. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $11,689,091 | $0 | $10,430,206 | Auxiliary Services includes providing high quality residence halls, food service, and campus store services to Clark students. |
| $15,609,264 | $0 | $991,080 | Student Services programs support an environment for students that encourages them to become active, involved and responsible citizens in global communities. Resources are expended to provide support to students in achieving their non-academic goals and providing a balanced and healthy social environment. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $27,298,355 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $11,421,286 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $184,918,663 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | 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 | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | 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 | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | 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 | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | 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 | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7024 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2436 | 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 | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| 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 | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | 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 |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Danielle Manning | PersonNm |
| Phone | 5087937455 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|---|
| David Angel | ||||||||||
| President until June 30, 2020 | 40 | 0 | Yes (X) | $574,359 | $0 | $53,804 | ||||
| David Fithian | ||||||||||
| President beginning July 1, 2020 | 40 | 0 | Yes (X) | $483,683 | $0 | $49,415 | ||||
| Jeffrey Hite Gillooly | ||||||||||
| Vice President of Advancement | 40 | 0 | $346,666 | $0 | $51,090 | Yes (X) | ||||
| Davis Baird | ||||||||||
| Provost | 40 | 0 | $315,838 | $0 | $53,482 | Yes (X) | ||||
| John LaBrie | ||||||||||
| Asst Provost/Dean of Professional Studies | 40 | 0 | $282,317 | $0 | $60,163 | Yes (X) | ||||
| Yuko Aoyama | ||||||||||
| Associate Provost/Dean of Research | 40 | 0 | $268,108 | $0 | $36,907 | Yes (X) | ||||
| Nadia Ward | ||||||||||
| Director Mosakowski Institute | 40 | 0 | $249,545 | $0 | $54,632 | Yes (X) | ||||
| Ronald Eastman | ||||||||||
| Director of Clark Labs | 40 | 0 | $236,208 | $0 | $51,047 | Yes (X) | ||||
| Robert Johnston | ||||||||||
| Director of Marsh Institute & Prof | 40 | 0 | $230,600 | $0 | $47,033 | Yes (X) | ||||
| Meredith Twombley | ||||||||||
| VP Admissions and Financial Aid | 40 | 0 | $203,819 | $0 | $46,166 | Yes (X) | ||||
| Frances Magee | ||||||||||
| Former Assc Provost/Dean of Students | 40 | 0 | $186,250 | $0 | $34,595 | Yes (X) | ||||
| Danielle Manning | ||||||||||
| Executive Vice President and Treasurer | 40 | 0 | Yes (X) | $189,608 | $0 | $19,765 | ||||
| Jim Collins | ||||||||||
| Treasurer until July 31, 2020 | 40 | 0 | Yes (X) | $188,038 | $0 | $20,204 | ||||
| John Foley | ||||||||||
| VP Government and Community Relations | 40 | 0 | Yes (X) | $183,802 | $0 | $18,514 | ||||
| David Chearo | ||||||||||
| VP Planning and Strategic Initiatives | 40 | 0 | $155,080 | $0 | $25,885 | Yes (X) | ||||
| Nancy Budwig | ||||||||||
| Former Assc Provost/Dean of Research | 40 | 0 | $149,853 | $0 | $23,247 | Yes (X) | ||||
| Katherine Cannon | ||||||||||
| Assistant Treasurer until June 30, 2020 | 40 | 0 | Yes (X) | $136,062 | $0 | $15,420 | ||||
| Matthew Malsky | ||||||||||
| Former Assc Provost and Dean of the College | 40 | 0 | $112,440 | $0 | $11,464 | Yes (X) | ||||
| Anne Randall | ||||||||||
| Assistant Treasurer | 40 | 0 | Yes (X) | $89,821 | $0 | $261 | ||||
| Ani Aprahamian | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Jason M Barnett | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Ingrid Busson-Hall | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Anthony Cannon | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Kevin Cherry | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Rebecca Colin | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Roy DiNicola | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Mona Domosh | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Eric Epstein | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Ross Gillman | ||||||||||
| Trustee | 15 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Daniel Hirsch | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Ellen Hughes-Cromwick | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Nancie Julian | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Gary Labovich | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Lawrence Landry | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Cynthia Michael-Wolpert | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Antonio Molestina | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Erica Penn | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Lee Plave | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Joseph Poku | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Vickie H Riccardo | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Ron Shaich | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Robert Stevenish | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| David Strassler | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Tony Tilton | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Wendi J Trilling | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Bruce Weiller | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Lori Wittman | ||||||||||
| Trustee | 2 | 0 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,582,097 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $673,094 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 146 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 |
|---|---|---|---|---|---|
| Sodexo Inc Affiliates | |||||
| 9801 Washingtonian Blvd | Gaithersburg | MD | 20878 | Food services | $4,087,123 |
| Clinical Research Sequencing LLC | |||||
| 415 Main Street | Cambridge | MA | 02142 | COVID testing | $3,707,750 |
| Public Consulting Group Inc | |||||
| 148 State Street | Boston | MA | 02109 | Grant research | $1,733,069 |
| DelSignore Electrical Contractors | |||||
| 849 West Boylston Street | Worcester | MA | 01606 | Electrical | $640,677 |
| Umass Memorial Medical Group | |||||
| Community Medical Group Admin | Worcester | MA | 01605 | Healthcare | $544,821 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 49 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $10,693,629 | GovernmentGrantsAmt |
| All Other Contributions | $10,726,660 | AllOtherContributionsAmt |
| Noncash Contributions | $322,802 | NoncashContributionsAmt |
| Total Contributions | $21,420,289 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition and fees | 611310 | $146,381,845 | $146,381,845 | $0 | $0 |
| Housing | 721310 | $6,498,812 | $6,498,812 | $0 | $0 |
| Food services | 722310 | $3,811,922 | $3,811,922 | $0 | $0 |
| Geographic Software | 443120 | $332,249 | $332,249 | $0 | $0 |
| Campus Store | 453000 | $119,472 | $119,472 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $178,238 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $178,238 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $157,322,538 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $520,327 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $520,327 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $51 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $192,409 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $192,409 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $545,750 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $313,870 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $231,880 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $231,880 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $231,880 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$12,375,053 | SecuritiesAmt |
| Other | $189,132,852 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$13,139,267 | SecuritiesAmt |
| Other | $189,134,177 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $764,214 | SecuritiesAmt |
| Other | -$1,325 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $762,889 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,538,587 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$775,698 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Energy incentives/grants | 900099 | $131,750 | $131,750 | $0 | $0 |
| Insurance incentives/rebates | 900099 | $51,476 | $51,476 | $0 | $0 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $660,054 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $660,054 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $843,280 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $181,293,663 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $158,358,227 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,538,587 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$23,440 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $316,596 | TotalAmt |
| Program Services | $316,596 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,925,387 | TotalAmt |
| Program Services | $75,925,387 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,258 | TotalAmt |
| Program Services | $70,258 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,576,480 | TotalAmt |
| Program Services | $615,951 | ProgramServicesAmt |
| Management And General | $2,563,486 | ManagementAndGeneralAmt |
| Fundraising | $397,043 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,680,589 | TotalAmt |
| Program Services | $47,282,454 | ProgramServicesAmt |
| Management And General | $9,823,278 | ManagementAndGeneralAmt |
| Fundraising | $2,574,857 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,209,493 | TotalAmt |
| Program Services | $3,335,007 | ProgramServicesAmt |
| Management And General | $692,872 | ManagementAndGeneralAmt |
| Fundraising | $181,614 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,308,901 | TotalAmt |
| Program Services | $6,582,797 | ProgramServicesAmt |
| Management And General | $1,367,625 | ManagementAndGeneralAmt |
| Fundraising | $358,479 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,001,368 | TotalAmt |
| Program Services | $3,170,118 | ProgramServicesAmt |
| Management And General | $658,615 | ManagementAndGeneralAmt |
| Fundraising | $172,635 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,645 | TotalAmt |
| Program Services | $645,645 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $590,133 | TotalAmt |
| Program Services | $129,158 | ProgramServicesAmt |
| Management And General | $460,975 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,379 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $240,379 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,200,228 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,200,228 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,743,241 | TotalAmt |
| Program Services | $7,667,647 | ProgramServicesAmt |
| Management And General | $3,986,382 | ManagementAndGeneralAmt |
| Fundraising | $89,212 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $816,209 | TotalAmt |
| Program Services | $139,211 | ProgramServicesAmt |
| Management And General | $676,627 | ManagementAndGeneralAmt |
| Fundraising | $371 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,246,553 | TotalAmt |
| Program Services | $2,327,472 | ProgramServicesAmt |
| Management And General | $528,060 | ManagementAndGeneralAmt |
| Fundraising | $391,021 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,174,802 | TotalAmt |
| Program Services | $2,091,805 | ProgramServicesAmt |
| Management And General | $58,392 | ManagementAndGeneralAmt |
| Fundraising | $24,605 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,068,612 | TotalAmt |
| Program Services | $801,405 | ProgramServicesAmt |
| Management And General | $214,199 | ManagementAndGeneralAmt |
| Fundraising | $53,008 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,711,848 | TotalAmt |
| Program Services | $3,607,023 | ProgramServicesAmt |
| Management And General | $1,013,943 | ManagementAndGeneralAmt |
| Fundraising | $90,882 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,474 | TotalAmt |
| Program Services | $75,344 | ProgramServicesAmt |
| Management And General | $3,183 | ManagementAndGeneralAmt |
| Fundraising | $947 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,679 | TotalAmt |
| Program Services | $263,339 | ProgramServicesAmt |
| Management And General | $18,163 | ManagementAndGeneralAmt |
| Fundraising | $47,177 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $762,998 | TotalAmt |
| Program Services | $718,825 | ProgramServicesAmt |
| Management And General | $43,146 | ManagementAndGeneralAmt |
| Fundraising | $1,027 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,868,047 | TotalAmt |
| Program Services | $7,801,320 | ProgramServicesAmt |
| Management And General | $997,293 | ManagementAndGeneralAmt |
| Fundraising | $69,434 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $691,165 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $684,099 | ManagementAndGeneralAmt |
| Fundraising | $7,066 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Study Abroad/Away | $28,388 | $28,210 | $178 | $0 |
| Other food service | $3,412,076 | $3,412,076 | $0 | $0 |
| Library Acquisitions | $1,444,335 | $1,444,335 | $0 | $0 |
| Other expenses - Misc | $1,100,163 | $5,799,589 | -$4,812,331 | $112,905 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,550 | TotalAmt |
| Program Services | $10,667,691 | ProgramServicesAmt |
| Management And General | -$11,554,573 | ManagementAndGeneralAmt |
| Fundraising | $1,144,432 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,499,597 | TotalAmt |
| Program Services | $184,918,663 | ProgramServicesAmt |
| Management And General | $8,864,219 | ManagementAndGeneralAmt |
| Fundraising | $5,716,715 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $377,010 | BOYAmt |
| EOY | $790,674 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,354,674 | BOYAmt |
| EOY | $62,107,881 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,848,866 | BOYAmt |
| EOY | $6,196,054 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,534,658 | BOYAmt |
| EOY | $1,756,468 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $150,000 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,872,365 | BOYAmt |
| EOY | $6,784,765 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $994,242 | BOYAmt |
| EOY | $464,871 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $837,596 | BOYAmt |
| EOY | $2,291,785 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $245,177,405 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $141,204,354 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,125,409 | BOYAmt |
| EOY | $103,973,051 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,534,299 | BOYAmt |
| EOY | $22,443,335 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $332,914,958 | BOYAmt |
| EOY | $501,482,343 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,668,104 | BOYAmt |
| EOY | $2,750,586 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,402,743 | BOYAmt |
| EOY | $7,329,431 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $609,464,924 | BOYAmt |
| EOY | $718,521,244 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,327,559 | BOYAmt |
| EOY | $19,052,976 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,829,991 | BOYAmt |
| EOY | $10,399,711 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,488,163 | BOYAmt |
| EOY | $56,219,210 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,306,921 | BOYAmt |
| EOY | $20,776,992 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,952,634 | BOYAmt |
| EOY | $106,448,889 | 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 | $135,006,427 | BOYAmt |
| EOY | $152,715,677 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $374,505,863 | BOYAmt |
| EOY | $459,356,678 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,512,290 | BOYAmt |
| EOY | $612,072,355 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $609,464,924 | BOYAmt |
| EOY | $718,521,244 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$18,205,934 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $121,582,535 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$816,536 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $13,756,185 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,128,374 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,144,931 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,963,306 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,420,289 | CurrentTaxYearAmt |
| Total | $101,413,085 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $13,756,185 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,128,374 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,144,931 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,963,306 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,420,289 | CurrentTaxYearAmt |
| Total | $101,413,085 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,452,933 | SubstantialContributorsTotAmt |
| Public Support Total170 | $93,960,152 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,736,279 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,322,151 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,865,128 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,195,441 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,258,537 | CurrentTaxYearAmt |
| Total | $15,377,536 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $116,790,621 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $754,102,575 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.80452 | PublicSupportCY170Pct |
| Public Support PY170 | 0.79384 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $13,351 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $13,351 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | There were no paid lobbyists for FY21. A small portion of the President's and VP for Community and Government Relations' time is spent meeting with and calling government officials. Additionally, the University pays dues and/or membership fees of approximately $78,000 to several membership organizations. An unknown portion of this dues may be used for lobbying on the University's behalf. | ExplanationTxt |
Schedule D IRS990ScheduleD
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $0 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $410,636,307 | BeginningYearBalanceAmt |
| Contributions | $2,172,934 | ContributionsAmt |
| Investment Earnings Or Losses | $117,723,190 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,110,181 | GrantsOrScholarshipsAmt |
| Other Expenditures | $14,118,293 | OtherExpendituresAmt |
| Administrative Expenses | $2,118,599 | AdministrativeExpensesAmt |
| End Year Balance | $506,185,358 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $417,571,575 | BeginningYearBalanceAmt |
| Contributions | $11,816,086 | ContributionsAmt |
| Investment Earnings Or Losses | $2,331,792 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,724,954 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,260,537 | OtherExpendituresAmt |
| Administrative Expenses | $2,097,655 | AdministrativeExpensesAmt |
| End Year Balance | $410,636,307 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $436,869,340 | BeginningYearBalanceAmt |
| Contributions | $1,370,351 | ContributionsAmt |
| Investment Earnings Or Losses | -$336,747 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,470,808 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,837,913 | OtherExpendituresAmt |
| Administrative Expenses | $2,022,648 | AdministrativeExpensesAmt |
| End Year Balance | $417,571,575 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $408,808,150 | BeginningYearBalanceAmt |
| Contributions | $9,430,109 | ContributionsAmt |
| Investment Earnings Or Losses | $37,823,793 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,956,784 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,327,979 | OtherExpendituresAmt |
| Administrative Expenses | $1,907,948 | AdministrativeExpensesAmt |
| End Year Balance | $436,869,341 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $369,079,796 | BeginningYearBalanceAmt |
| Contributions | $7,800,049 | ContributionsAmt |
| Investment Earnings Or Losses | $50,318,626 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,685,496 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,871,985 | OtherExpendituresAmt |
| Administrative Expenses | $1,832,839 | AdministrativeExpensesAmt |
| End Year Balance | $408,808,151 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.15 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.3 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.55 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $16,344,879 | OtherCostOrOtherBasisAmt |
| Book Value | $16,344,879 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $209,080,065 | OtherCostOrOtherBasisAmt |
| Depreciation | $132,353,830 | DepreciationAmt |
| Book Value | $76,726,235 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,424,498 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,388,185 | DepreciationAmt |
| Book Value | $36,313 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $14,348,386 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,462,339 | DepreciationAmt |
| Book Value | $6,886,047 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $3,979,577 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $3,979,577 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $103,973,051 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Partnerships / Alternative Investments | $501,279,068 | F |
| Other | $203,275 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $501,482,343 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (12 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuities payable | $6,901,026 |
| ASU 842 - Operating lease obligation | $5,538,490 |
| Perkins federal liability contra | $3,288,360 |
| Conditional Asset Retirement Obligation | $1,912,206 |
| Operating lease obligation | $974,839 |
| PILOT liability | $783,434 |
| Interest rate swap liability | $590,066 |
| Ed Health self insured IBNR | $333,000 |
| China tax liability | $213,290 |
| Custodial funds | $163,469 |
| Financial lease obligation | $59,872 |
| Cash card liability and other | $18,940 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $20,776,992 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 1 | The University houses certain collections of works of art, literary works and artifacts. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. They are neither disposed of for financial gain nor encumbered in any manner. Accordingly, these collections are not recorded or capitalized for financial statement purposes. |
| Schedule D, Part III, Line 4 | Clark University has art and book collections that are used by students and faculty to enhance curriculum. On occasion, these works have been accessed for scholarly research. |
| Schedule D, Part V, Line 4 | The University has adopted an endowment investment philosophy, which combined with the spending rate, attempts to provide a predictable stream of returns thereby making funds available to programs that are supported by its endowment, while at the same time seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the organization must hold in perpetuity or for donor-specified periods, as well as, board-designated funds. Under the University's Investment Policy and spending rate, both of which are approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to produce an inflation-adjusted return in excess of the spending rate over a long period of time. The use of the distribution is for mission related activities including student scholarships, library acquisitions, research, academic support, student loans, and instruction. |
| Schedule D, Part X, Line 2 | The University is required to assess uncertain tax positions and has determined that there were no such positions that are material to the consolidated financial statements. |
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 | Policy is printed in student handbooks, is available on the school website, and is referenced in all print media. The University also publicizes its non-discriminatory policy in all faculty and staff job ads. |
| Schedule E, Part I, Line 6 | To provide financial assistance to our students, the University participates in the Title IV program for Pell, Direct Lending, Campus Work Study, and Supplemental Education Opportunity Grants. The Perkins Loan program is no longer active as the authority for schools to make new Federal Perkins Loans ended September 30, 2017. The University continues to service existing Perkins balances. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (29 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Grantmaking | $8,516 | |
| East Asia and the Pacific | 0 | 0 | Grantmaking | $2,332 | |
| Europe (including Iceland and Greenland) | 0 | 1 | Grantmaking | $31,921 | |
| North America (including Canada and Mexico, but not the United States) | 0 | 0 | Grantmaking | $12,000 | |
| South America | 0 | 0 | Grantmaking | $10,000 | |
| South Asia | 0 | 1 | Grantmaking | $12,410 | |
| Sub-Saharan Africa | 0 | 0 | Grantmaking | $5,125 | |
| Europe (including Iceland and Greenland) | 0 | 1 | Fundraising | $4,900 | |
| East Asia and the Pacific | 0 | 0 | Program Services | $9,824 | Conferences |
| Europe (including Iceland and Greenland) | 0 | 4 | Program Services | $6,354 | Conferences |
| Middle East and North Africa | 0 | 1 | Program Services | $500 | Conferences |
| North America (including Canada and Mexico, but not the United States) | 0 | 2 | Program Services | $400 | Conferences |
| East Asia and the Pacific | 0 | 0 | Program Services | $740,408 | Instruction |
| Europe (including Iceland and Greenland) | 0 | 4 | Program Services | $80,755 | Instruction |
| Middle East and North Africa | 0 | 1 | Program Services | $1,000 | Instruction |
| North America (including Canada and Mexico, but not the United States) | 0 | 1 | Program Services | $752 | Instruction |
| South America | 0 | 1 | Program Services | $400 | Instruction |
| Europe (including Iceland and Greenland) | 0 | 1 | Program Services | $10,000 | Professional development |
| East Asia and the Pacific | 0 | 1 | Program Services | $5,000 | Program development |
| Europe (including Iceland and Greenland) | 0 | 3 | Program Services | $10,100 | Program development |
| Russia and the newly independent States | 0 | 1 | Program Services | $1,200 | Program development |
| Sub-Saharan Africa | 0 | 0 | Program Services | $9,932 | Program development |
| East Asia and the Pacific | 0 | 1 | Program Services | $1,054,377 | Student recruitment |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | $10,080 | Student recruitment |
| Middle East and North Africa | 0 | 0 | Program Services | $7,645 | Student recruitment |
| North America (including Canada and Mexico, but not the United States) | 0 | 0 | Program Services | $3,000 | Student recruitment |
| South Asia | 0 | 0 | Program Services | $207,300 | Student recruitment |
| Central America and the Caribbean | 0 | 0 | Investments | $109,483,338 | |
| Sub-Saharan Africa | 0 | 0 | Investments | $4,168,919 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Spent | $115,898,488 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|---|
| Research grants | Central America and the Caribbean | 1 | $8,516 | electronic funds transfer | $0 |
| Research grants | Europe (including Iceland and Greenland) | 2 | $24,617 | check and electronic funds transfer | $0 |
| Research grants | North America (including Canada and Mexico, but not the United States) | 1 | $12,000 | electronic funds transfer | $0 |
| Research grants | South America | 1 | $10,000 | electronic funds transfer | $0 |
| Research grants | South Asia | 1 | $10,000 | electronic funds transfer | $0 |
| Research grants | Sub-Saharan Africa | 1 | $5,125 | electronic funds transfer | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | RESEARCH GRANT AWARD MONITORING: Recipients of research grant awards are informed of requirements imposed by provisions of grant agreements, governing laws and regulations, and requirements imposed by the University. The recipient's activities are monitored by the PI (Principal Investigator) and expenditures are monitored by the PI and Grant Accounting to ensure awards are used for authorized purposes in compliance with grant agreements, laws, regulations, and requirements of the University. The PI ensures the recipient submits progress reports, technical reports and other deliverables to the PI by specified due dates. Grant Accounting is responsible for tracking payments made to individuals or organizations and where payments are sent when outside of the US as required by the Schedules F and I - Form 990. ACCOUNTING METHOD: The accrual method of accounting is used to account for expenditures and grants. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|
| ABT Associates Incorporated | ||||||||
| 55 Wheeler Street | Cambridge | MA | 02138 | 042347643 | $10,257 | $0 | Research | |
| City of Worcester | ||||||||
| 340 Main Street | Worcester | MA | 01608 | 046001418 | $13,841 | $0 | Research/training | |
| Florida Atlantic University | ||||||||
| 777 Glades Road | Boca Raton | FL | 33431 | 650385507 | $22,987 | $0 | Research | 501(c)(3) |
| ICF International | ||||||||
| 9300 Lee Highway | Fairfax | VA | 22031 | 520893615 | $44,833 | $0 | Research | |
| Research Foundation of CUNY | ||||||||
| 85 Saint Nicholas Terrace | New York | NY | 100311246 | 131988190 | $5,672 | $0 | Research | 501(c)(3) |
| The University of Arizona | ||||||||
| University of Arizona | Tucson | AZ | 85721 | 742652689 | $141,189 | $0 | Research | 501(c)(3) |
| Boston Private Industry Council Inc | ||||||||
| 2 Oliver Street | Boston | MA | 02109 | 042676661 | $20,000 | $0 | Research/training | 501(c)(3) |
| Virginia Polytechnic Institute and State University | ||||||||
| 300 Turner Street NW | Blacksburg | VA | 24061 | 546001805 | $39,248 | $0 | Research | 501(c)(3) |
| University of California Santa Barbara | ||||||||
| University of California | Santa Barbara | CA | 93106 | 956006145 | $17,646 | $0 | Research | 501(c)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|
| Scholarships | 2135 | $52,181,768 | $0 |
| Remissions | 1175 | $21,458,034 | $0 |
| Awards | 1351 | $2,285,585 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | PRE-AWARD SUBRECIPIENT MONITOR: Federal awards are identified by informing each subrecipient of CFDA title and number, award name and number, award year, and name of Federal agency. If any of this information is not available, the pass-through entity shall provide the best information available to describe the Federal award. The subrecipient is advised of requirements imposed by governing laws, regulations, and provisions of contracts or grant agreements and supplemental requirements imposed by the pass-through entity. The subrecipient's activities are monitored to ensure awards are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and performance goals are achieved. Assurance is ascertained that any subrecipient expending $750,000 or more in Federal awards during the subrecipient's fiscal year must meet the audit requirements of Uniform Grant Guidance (formerly OMB A-133). A management decision on audit findings must be issued within six months after receipt of the subrecipient's audit report and ensure that the subrecipient takes appropriate and timely corrective action. A determination is made as to whether subrecipient audits necessitate adjustment of the pass-through entity's own records. Each subrecipient is required to permit the pass-through entity and auditors to have access to the records and financial statements as necessary for the pass-through entity to comply with this part. POST-AWARD SUBRECIPIENT MONITORING: The Principal Investigator (PI) or Program Director (PD) is responsible for monitoring the activities. The subrecipient should submit progress reports, technical reports and other deliverables to the PI/PD by specified due dates. The PI/PD is responsible for forwarding copies of the subrecipient's report(s) to the Office of Sponsored Programs and Research (OSPR). Subrecipient invoices submitted to the university must contain the following information: invoice on subcontractor's letterhead, date of invoice, invoice number, period of performance covered by the invoice, itemized description of services and backup documentation, current period costs including cost sharing, cumulative project costs and subrecipient contact person with respect to invoice. Invoice must be signed by an authorized official of the subcontractor and must contain a certification that all payments requested are for appropriate purposes and in accordance with the agreements set forth in the application and award documents. The PI/PD is responsible for reviewing and approving invoices from subrecipient(s) for adherence to the budget and submitting invoices for payment in Smart Buy Plus. Grant Accounting will review the subrecipient's invoice(s) for the following: period of performance is within the contract period, appropriate invoice format and level of detail, signature by authorized subrecipient representatives, evidence of cost sharing, if applicable, and availability of funding. Grant Accounting is responsible for ensuring that subrecipients that expend $750,000 or more of Federal funds each fiscal year submit an Audit Certification Letter along with a copy of subrecipient's audited financial statements. The following is required to close out a subrecipient award: receipt of final invoice, receipt of cost share documentation, if applicable, time and effort certifications, final progress and technical reports, annual audit certification letter. Grant Accounting is responsible for tracking payments made to individuals or organizations and where payments are sent when outside of the US as required by the Schedules F and I - Form 990. EDUCATIONAL ASSISTANCE: Educational assistance is awarded based on financial need and merit. Need based assistance is awarded after review of the student's FAFSA, tax return information, W-2 statements, and other relevant financial documents. Students are required to maintain satisfactory academic progress in order to continue to be eligible for need based assistance. Students' Grade Point Averages and earned units are reviewed each academic year to ensure satisfactory academic progress is achieved. Merit based educational assistance is awarded to students via Committee. Students who are awarded merit based assistance are required to maintain satisfactory academic progress in accordance with the terms of the assistance received. Need and merit based educational assistance are funded directly to the student's accounts receivable balance to offset tuition, fees, and room and board. Any resulting refunds are issued to the student. Students are granted research awards by their academic departments and work with faculty advisors who monitor the research performed by the student. ACCOUNTING METHOD: The accrual method of accounting is used to account for expenditures and grants. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| 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 |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| 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 | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| David Angel | ||||||||||||||
| President until June 30, 2020 | $218,837 | $0 | $350,000 | $0 | $5,522 | $0 | $22,154 | $0 | $31,650 | $0 | $628,163 | $0 | $0 | $0 |
| David Fithian | ||||||||||||||
| President beginning July 1, 2020 | $384,917 | $0 | $0 | $0 | $98,766 | $0 | $15,000 | $0 | $34,415 | $0 | $533,098 | $0 | $0 | $0 |
| Jeffrey Hite Gillooly | ||||||||||||||
| Vice President of Advancement | $346,666 | $0 | $0 | $0 | $0 | $0 | $28,500 | $0 | $22,590 | $0 | $397,756 | $0 | $0 | $0 |
| Davis Baird | ||||||||||||||
| Provost | $315,837 | $0 | $0 | $0 | $0 | $0 | $28,500 | $0 | $24,982 | $0 | $369,319 | $0 | $0 | $0 |
| John LaBrie | ||||||||||||||
| Asst Provost/Dean of Professional Studies | $252,317 | $0 | $30,000 | $0 | $0 | $0 | $26,741 | $0 | $33,422 | $0 | $342,480 | $0 | $0 | $0 |
| Nadia Ward | ||||||||||||||
| Director Mosakowski Institute | $249,545 | $0 | $0 | $0 | $0 | $0 | $25,962 | $0 | $28,670 | $0 | $304,177 | $0 | $0 | $0 |
| Ronald Eastman | ||||||||||||||
| Director of Clark Labs | $236,209 | $0 | $0 | $0 | $0 | $0 | $24,063 | $0 | $26,983 | $0 | $287,255 | $0 | $0 | $0 |
| Robert Johnston | ||||||||||||||
| Director of Marsh Institute & Prof | $230,600 | $0 | $0 | $0 | $0 | $0 | $23,735 | $0 | $23,298 | $0 | $277,633 | $0 | $0 | $0 |
| Yuko Aoyama | ||||||||||||||
| Associate Provost/Dean of Research | $268,108 | $0 | $0 | $0 | $0 | $0 | $26,946 | $0 | $9,961 | $0 | $305,015 | $0 | $0 | $0 |
| Meredith Twombley | ||||||||||||||
| VP Admissions and Financial Aid | $203,819 | $0 | $0 | $0 | $0 | $0 | $21,185 | $0 | $24,982 | $0 | $249,986 | $0 | $0 | $0 |
| Frances Magee | ||||||||||||||
| Former Assc Provost/Dean of Students | $44,290 | $0 | $0 | $0 | $141,959 | $0 | $18,950 | $0 | $15,646 | $0 | $220,845 | $0 | $0 | $0 |
| Danielle Manning | ||||||||||||||
| Executive VP & Treasurer | $170,541 | $0 | $0 | $0 | $19,068 | $0 | $14,039 | $0 | $5,726 | $0 | $209,374 | $0 | $0 | $0 |
| Jim Collins | ||||||||||||||
| Treasurer until July 31, 2020 | $188,038 | $0 | $0 | $0 | $0 | $0 | $18,204 | $0 | $2,000 | $0 | $208,242 | $0 | $0 | $0 |
| John Foley | ||||||||||||||
| VP Government and Community Relations | $183,802 | $0 | $0 | $0 | $0 | $0 | $17,913 | $0 | $600 | $0 | $202,315 | $0 | $0 | $0 |
| David Chearo | ||||||||||||||
| VP Planning & Strat Initiatives | $152,890 | $0 | $0 | $0 | $2,191 | $0 | $11,510 | $0 | $14,375 | $0 | $180,966 | $0 | $0 | $0 |
| Nancy Budwig | ||||||||||||||
| Former Assc Provost/Dean of Research | $149,853 | $0 | $0 | $0 | $0 | $0 | $14,902 | $0 | $8,344 | $0 | $173,099 | $0 | $0 | $0 |
| Katherine Cannon | ||||||||||||||
| Assistant Treasurer until June 30, 2020 | $136,062 | $0 | $0 | $0 | $0 | $0 | $13,562 | $0 | $1,858 | $0 | $151,482 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | Travel for companions: One round trip for President Fithian's spouse in August of 2020. The expense was not included in taxable income. Housing allowance and personal services: The President is required to live in campus housing as a condition of employment for the convenience of the University. The fair market value of the housing and any cleaning services, if provided, associated with the property are included as a nontaxable benefit in both President Angel's and President Fithian's compensation. Gross-up payments: Three listed individuals received gross-up payments in connection with the reimbursement of moving expenses. The University paid premiums on President Fithian's life insurance policy, the value of which was grossed up and included in taxable income. Two senior staff members were provided social club memberships for the purpose of University entertaining. |
| Schedule J, Part I, Line 3 | The University's Board of Trustees has formed an Executive Compensation Committee which is charged with establishing the President's compensation and approving the President's written employment contract. The Committee engages independent compensation consultants and reviews comparable industry data when determining the President's compensation. The Executive Compensation Committee evaluates the President's compensation annually based on the terms of his employment contract, documenting their deliberations and the resulting approval. |
| Schedule J, Part I, Line 4 | Line 4a:The Associate Provost and Dean of Students received a severance payment in the amount of $141,958. Line 4b: Pursuant to the University's Deferred Compensation Plan with President David Angel commencing on July 1, 2014, a lump sum payment of up to $300,000 was payable to President Angel contingent on his continued employment through June 30, 2020 and the approval of the Board. President Angel received a payment of $300,000 which was approved during FY21 at the discretion of the Board of Trustees. |
| Schedule J, Part I, Line 7 | Please see narrative associated with question 4b. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Massachusetts Development Finance Agency | ||||||||
| A | 043431814 | 57583RUU7 | 2008-04-07 | $50,255,000 | See Part VI. | 0 | 0 | 0 |
| Massachusetts Development Finance Agency | ||||||||
| B | 043431814 | PRIVATE00 | 2015-10-01 | $17,895,000 | See Part VI. | 0 | 0 | 0 |
| Massachusetts Development Finance Agency | ||||||||
| C | 043431814 | PRIVATE00 | 2020-04-03 | $10,750,000 | Refund MDFA11 (OID: 12/01/2011) | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $18,165,000 | $0 | $50,334,445 | $1,068,043 | $0 | $0 | $273,558 | $78,412 | $0 | $10,080,875 | $39,901,600 | $0 | 2009 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $4,145,000 | $0 | $17,895,000 | $0 | $0 | $0 | $152,148 | $0 | $0 | $3,025,805 | $14,717,047 | $0 | 2017 | 0 | 0 | Yes (1) | Yes (1) |
| C | $0 | $0 | $10,750,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,750,000 | $0 | 2020 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | 0 | 0.0023 | 0 | 0.0023 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Barclay's | ||||||||||||
| A | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 30 | 0 | 0 | 0 | 0 | 0 |
| (no name) | ||||||||||||
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||||||
| C | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part I, Column f-04/07/2008 50,255,000 Massachusetts Development Finance Agency | Refund MDFA00 (OID: 11/2/00) Refund MDFA02A (OID: 11/26/2002) Refund MDFA02B (OID: 11/26/2002) Construct & Equip Library |
| Schedule K, Part I, Column f-10/01/2015 17,895,000 Massachusetts Development Finance Agency | Refund MDFA05 (OID: 11/03/2005 ), Capital repairs and improvements to the campus, acquisition of technology and data network equipment for use on campus, and payment of issuance costs. |
| Schedule K, Part IV, Line 2c-04/07/2008 50,255,000 Massachusetts Development Finance Agency | Rebate calculation performed 05/11/21. |
| Schedule K, Part IV, Line 2c-10/01/2015 17,895,000 Massachusetts Development Finance Agency | Rebate calculation performed 9/08/21. |
| Schedule K, Part IV, Line 2c-04/03/2020 10,750,000 Massachusetts Development Finance Agency | Rebate calculation performed 4/09/21. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Fithian | PersonNm |
| Relationship With Org | Officer | RelationshipWithOrgTxt |
| Loan Purpose | Unsecured bridge loan | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $150,000 | OriginalPrincipalAmt |
| Balance Due | $150,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $150,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Christopher Cannon | |||
| Employee is son of K. Cannon, Officer | $42,201 | Compensation for position of custodian/utility | 0 |
| Alyssa Spencer | |||
| Employee is the daughter of V. Riccardo, Trustee | $39,483 | Compensation for the position of Assistant Director of Stewardship | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 24 | ContributionCnt |
| Noncash Contributions Rpt F990 | $322,802 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Jewelry | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal in progress at y/e | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I, Line 32b | FormAndLineReferenceDesc |
| Explanation | The University received a bequest that included jewelry in FY21. The jewelry was included in Clark's books at zero value until an appraisal could be completed. New England Gem Appraisals was paid $400 to appraise the items in FY21 but the appraisal was not received until FY22. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d | See Program Services list from Part III continued below. |
| Form 990, Part VI, Section B, Line 11b | The Audit & Strategic Risk Committee of the Board of Trustees was authorized and requested to review the administration's draft responses to the Form 990. This was completed at the 2/4/2022 meeting of the committee. The Board has authorized submission to the Internal Revenue Service with the approval of the Audit & Strategic Risk Committee. In addition, a draft of the 990 is posted on the trustee web page and each member is notified of the opportunity to review before submission. Grant Thornton reviews the Form 990 throughout its preparation and signs the final Form 990 as a paid preparer. |
| Form 990, Part VI, Section B, Line 12c | Each trustee, senior administrator, and faculty member is required to complete annually a conflict of interest disclosure form. Faculty forms are reviewed by the Grants Office within the Office of Academic Affairs. Trustees and senior administrators' disclosures are reviewed by the Assistant Secretary of the Corporation and the Executive Vice President, who is also the Treasurer of the Board of Trustees. If a potential conflict arises, the Chair of the Audit Committee will meet with the members of the Audit and Strategic Risk Committee to review the potential conflict and, in consultation with the Board Chair, make a determination on what, if any, action is necessary. |
| Form 990, Part VI, Section B, Line 15 | The process for determining compensation for the University's President, other officers and key employees is based upon the rebuttable presumption that a transaction is not an excess benefit transaction, to establish the presumption of reasonable compensation. The University's Board of Trustees has formed an Executive Compensation Committee which is charged with establishing the President's compensation and approving the President's written employment contract. The Committee engages independent compensation consultants and reviews comparable industry date when determining the President's compensation. Benefits and compensation for other officers and key employees are determined based on benchmarking total compensation at comparable institutions using input from search firms and other external resources as needed. |
| Form 990, Part VI, Section C, Line 19 | Clark University's governing documents, conflict of interest policy, and financial documents are all considered public documents. The governing documents, including the provisions of Jonas Clark's will, the by-laws of the University and the Articles of Incorporation are available for viewing in Goddard Library and are also publicly available as a result of several public debt issuances through the Massachusetts Development Finance Agency (MDFA). Financial statements are similarly available and are also posted on the University's website and through Guidestar. The conflict of interest policy is available upon request from the Board of Trustees and the Office of Sponsored Programs and Research. |
| Form 990, Part VII, Section A, Line 1a | Matthew Malsky and Nancy Budwig are listed as Former Key Employees as they no longer hold the positions that designated them as Key Employees in prior years. They are, however, still employed by the University as faculty. |
| Form 990, Part XI, Line 9 | Change in value of split interest agreement, -$1,800,058. Change in value of interest rate swap, $579,773. Change in value of beneficial interest in outside trust, $563,822. Student loan activity, net, $7,643. Change in post-retirement health obligation, $7,808. Adjustment for adoption of ASU 842 operating leases, -$175,524. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jonas Realty Corp | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475234687 | EIN |
| Primary Activities | Support the Trustees of Clark University and similar nonprofit entities under Section 501(c)(3). | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 11c III FI | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Trustees of Clark University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charitable Remainder Trust (18) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Street | AddressLine1Txt |
| City | Worcester | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01610 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Charitable Trust | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| 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 | Yes (1) | 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 | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | 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 |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Jonas Realty Corp | ||
| d | $9,700,000 | Original principal on four loans. |
| Jonas Realty Corp | ||
| j | $182,000 | Negotiated rate - deemed fair market value. |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, Part V, Line 1l | FormAndLineReferenceDesc |
| Explanation | Clark performed accounting services for Jonas Realty Corporation. The amount of the transaction is below the reporting threshold for reporting on line 2. | ExplanationTxt |