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WENTWORTH INSTITUTE OF TECHNOLOGY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WENTWORTH INSTITUTE OF TECHNOLOGY (EIN 04-1958460)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-10
IRS object ID
202231329349301863
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-10T14:28:51-07:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041958460EIN

Business Name BusinessName

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRobert TotinoPersonNm
Person TitleVP for Finance/CFOPersonTitleTxt
Phone6179894328PhoneNum
Signature2022-05-12SignatureDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer1TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Last Submission Rqr OOB1LastSubmissionRqrOOBCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMark A ThompsonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 Huntington AvenueAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021155998ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$224,061,757GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WIT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1904FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionWentworth Institute of Technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.ActivityOrMissionDesc
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee2199TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$10,854TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$11,754,853PYContributionsGrantsAmt
CY Contributions Grants$18,685,942CYContributionsGrantsAmt
PY Program Service Revenue$171,091,133PYProgramServiceRevenueAmt
CY Program Service Revenue$159,712,940CYProgramServiceRevenueAmt
PY Investment Income$4,953,210PYInvestmentIncomeAmt
CY Investment Income$3,463,959CYInvestmentIncomeAmt
PY Other Revenue$1,240,921PYOtherRevenueAmt
CY Other Revenue$1,201,856CYOtherRevenueAmt
PY Total Revenue$189,040,117PYTotalRevenueAmt
CY Total Revenue$183,064,697CYTotalRevenueAmt
PY Grants And Similar Paid$52,918,976PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$57,644,061CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$71,287,780PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$68,587,234CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,095,902CYTotalFundraisingExpenseAmt
PY Other Expenses$61,295,802PYOtherExpensesAmt
CY Other Expenses$56,468,788CYOtherExpensesAmt
PY Total Expenses$185,502,558PYTotalExpensesAmt
CY Total Expenses$182,700,083CYTotalExpensesAmt
PY Revenues Less Expenses$3,537,559PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$364,614CYRevenuesLessExpensesAmt
Total Assets BOY$423,680,198TotalAssetsBOYAmt
Total Assets EOY$447,728,362TotalAssetsEOYAmt
Total Liabilities BOY$175,557,455TotalLiabilitiesBOYAmt
Total Liabilities EOY$167,235,447TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$248,122,743NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$280,492,915NetAssetsOrFundBalancesEOYAmt
MissionWentworth Institute of Technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$159,620,472ExpenseAmt
Grant$57,644,061GrantAmt
Revenue$159,993,020RevenueAmt
DescWentworth Institute of Technology, Inc. (the "university") located in Boston, Massachusetts is a private, coeducational institution founded in 1904 and accredited by the New England Commission of Higher Education, Inc. among other accrediting bodies. The university provides academic, residential and other services to a diverse student population of approximately 4,300, predominately from the Northeast region of the United States, as well as from approximately 30 U.S. states and 70 foreign countries.Desc
Total Other Prog Srvc Expense$0TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$159,620,472TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document84IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2199EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryGMForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRobert L TotinoPersonNm
Phone6179894325PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (48 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Mark A Thompson
President400Yes (X)Yes (X)$619,382$0$55,533
Robert L Totino
VP for Finance & CFO400Yes (X)$249,491$0$49,885
Cindy P Stevens
Prof. & Interim Dean College of Arts & Sciences400$262,598$0$24,745Yes (X)
Vishvas Paradkar
VP of Technology & CIO400Yes (X)$208,787$0$40,072
Michelle Davis
VP Chief Marketing Officer (Until 4/1/21)400Yes (X)$199,432$0$44,333
Patrick F Hafford
Dean College Arts & Sci. & Prof. (Until 9/28/20)400$213,204$0$30,144Yes (X)
David Gilmore
Associate VP for Finance400$203,884$0$38,762Yes (X)
Keiko S Broomhead
FMR VP for Enrollment Mgmt (Until 1/14/20)400$221,254$0$4,929Yes (X)
David Wahlstrom
VP for Business400Yes (X)$185,325$0$39,502
Lynn McCormick
VP General Counsel400Yes (X)$210,955$0$9,132
Margaret Card
Director of Human Resources (Until 7/29/20)400$194,255$0$24,886Yes (X)
Mary Ellen Keeney
Interim VP Human Resources400Yes (X)$196,500$0$15,450
Charles Hotchkiss
Dean of College of Arch & Design (Until 9/28/20)400$187,713$0$21,637Yes (X)
David J Fraboni II
Inter. VP Inst. Advanc. (As of 1/14/20 until 12/31/20))400Yes (X)$195,001$0$11,025
Ian Lapp
Senior VP Acad. Affairs & Provost (As of 6/8/20)400Yes (X)$171,164$0$21,696
Annamaria Wenner
VP Student Affairs & Dean of Students400Yes (X)$164,469$0$21,552
Amy Intille
VP for Executive Affairs400Yes (X)$167,083$0$13,402
Paula S Sakey
FMR VP for Inst. Advancement (Until 1/14/20)400$160,719$0$4,099Yes (X)
Richard Hansen
FMR Interim VP Acad Affairs/Provost (Until 6/8/20)400$122,917$0$0Yes (X)
Rebecca Eckstein
Interim VP for Enroll Mgmt (1/21/20 until 7/27/20)400Yes (X)$95,229$0$8,850
Krtistin R Tichenor
VP for Enrollment Management (As of 7/27/20)400Yes (X)$82,639$0$15,199
Nicole G Price
VP for Diversity Equity & Inclusion (As of 8/3/20)400Yes (X)$63,765$0$651
Gregory B Janey
Chair4.000.00Yes (X)Yes (X)$0$0$0
Jerome H Casey
Vice Chair4.000.00Yes (X)Yes (X)$0$0$0
Rose Conti
Treasurer (As of 9/10/20)4.000.00Yes (X)Yes (X)$0$0$0
Robert C Murray
Treasurer (Until 9/10/20) & Trustee4.000.00Yes (X)Yes (X)$0$0$0
Ryan E Hutchins
Secretary4.000.00Yes (X)Yes (X)$0$0$0
Elizabeth C Biron
Trustee (Until 5/13/21)4.000.00Yes (X)$0$0$0
John W Blaisdell
Trustee (Until 9/10/20)4.000.00Yes (X)$0$0$0
David C Blittersdorf
Trustee4.000.00Yes (X)$0$0$0
Robert DeBenedetto
Trustee (Until 12/31/20)4.000.00Yes (X)$0$0$0
Stephen F Fusi
Trustee4.000.00Yes (X)$0$0$0
Eric Greene
Trustee (As of 5/13/21)4.000.00Yes (X)$0$0$0
Paul A Guarracino
Trustee4.000.00Yes (X)$0$0$0
Rick Grundy
Trustee (As of 5/13/21)4.000.00Yes (X)$0$0$0
Anil Jha
Trustee4.000.00Yes (X)$0$0$0
Douglas J Karam
Trustee4.000.00Yes (X)$0$0$0
Christine Keville
Trustee4.000.00Yes (X)$0$0$0
Lawrence LaFreniere
Trustee4.000.00Yes (X)$0$0$0
John M Lynch
Trustee4.000.00Yes (X)$0$0$0
Kathleen MacNeil
Trustee (As of 2/4/21)4.000.00Yes (X)$0$0$0
P Michael Masterson
Trustee4.000.00Yes (X)$0$0$0
Travis McCready
Trustee (As of 2/4/21)4.000.00Yes (X)$0$0$0
Gary J Miller
Trustee4.000.00Yes (X)$0$0$0
John Pini
Trustee4.000.00Yes (X)$0$0$0
Al Spagnolo
Trustee (As of 2/4/21)4.000.00Yes (X)$0$0$0
Kenneth Turner
Trustee (As of 2/4/21)4.000.00Yes (X)$0$0$0
Michele A Whitham
Trustee (Until 5/13/21)4.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,375,766TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$495,484TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K165IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Chartwells Dining Services
2 International DriveRye BrookNY10573Dining services & catering$2,808,341
Clinical Research Sequencing Platform LLC
415 Main StCambridgeMA02142COVID testing services$2,750,000
UG2 LLC
116 Huntington Avenue 12th FlBostonMA02116Custodial services$2,435,051
SGA
200 High StBostonMA02110Architecture & design services$1,401,242
Consigli Construction Company
72 Sumner StMilfordMA01757Construction contractor$1,291,526
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K55CntrctRcvdGreaterThan100KCnt
Federated Campaigns$0FederatedCampaignsAmt
Membership Dues$0MembershipDuesAmt
Fundraising$0FundraisingAmt
Related Organizations$0RelatedOrganizationsAmt
Government Grants$13,933,882GovernmentGrantsAmt
All Other Contributions$4,752,060AllOtherContributionsAmt
Noncash Contributions$1,214,420NoncashContributionsAmt
Total Contributions$18,685,942TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
Tuition and fees611310$141,827,014$141,827,014$0$0
Room and board related611310$17,885,926$17,885,926$0$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$159,712,940TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$987,653TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$56,488UnrelatedBusinessRevenueAmt
Exclusion$1,044,141ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

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

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$921,776RealAmt
Personal$0PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

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

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$921,776RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$921,776TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$921,776ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$43,452,564SecuritiesAmt
Other$20,802OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$38,201,413SecuritiesAmt
Other$2,795,647OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,251,151SecuritiesAmt
Other-$2,774,845OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,476,306TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$67,342UnrelatedBusinessRevenueAmt
Exclusion$2,408,964ExclusionAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$0ContriRptFundraisingEventAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Business900099BusinessCd
Total Revenue Column$280,080TotalRevenueColumnAmt
Related Or Exempt Func Income$280,080RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$280,080OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$183,064,697TotalRevenueColumnAmt
Related Or Exempt Func Income$159,993,020RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$10,854UnrelatedBusinessRevenueAmt
Exclusion$4,374,881ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

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

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$57,644,061TotalAmt
Program Services$57,644,061ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

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

Benefits To Members BenefitsToMembersGrp

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

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,258,330TotalAmt
Program Services$748,566ProgramServicesAmt
Management And General$2,287,244ManagementAndGeneralAmt
Fundraising$222,520FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

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

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$53,234,941TotalAmt
Program Services$45,351,769ProgramServicesAmt
Management And General$5,940,710ManagementAndGeneralAmt
Fundraising$1,942,462FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,627,676TotalAmt
Program Services$2,157,638ProgramServicesAmt
Management And General$370,565ManagementAndGeneralAmt
Fundraising$99,473FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$5,231,886TotalAmt
Program Services$4,296,006ProgramServicesAmt
Management And General$737,822ManagementAndGeneralAmt
Fundraising$198,058FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,234,401TotalAmt
Program Services$3,476,952ProgramServicesAmt
Management And General$597,152ManagementAndGeneralAmt
Fundraising$160,297FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

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

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$189,318TotalAmt
Program Services$0ProgramServicesAmt
Management And General$189,318ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$173,958TotalAmt
Program Services$0ProgramServicesAmt
Management And General$173,958ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

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

Fees For Services Prof Fundraising FeesForServicesProfFundraising

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

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$379,773TotalAmt
Program Services$0ProgramServicesAmt
Management And General$379,773ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,949,135TotalAmt
Program Services$5,026,312ProgramServicesAmt
Management And General$1,744,670ManagementAndGeneralAmt
Fundraising$178,153FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,299,102TotalAmt
Program Services$1,266,060ProgramServicesAmt
Management And General$21,128ManagementAndGeneralAmt
Fundraising$11,914FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,974,175TotalAmt
Program Services$999,796ProgramServicesAmt
Management And General$941,500ManagementAndGeneralAmt
Fundraising$32,879FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,112,629TotalAmt
Program Services$2,602,043ProgramServicesAmt
Management And General$421,353ManagementAndGeneralAmt
Fundraising$89,233FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,724,382TotalAmt
Program Services$6,703,468ProgramServicesAmt
Management And General$1,000,291ManagementAndGeneralAmt
Fundraising$20,623FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$242,060TotalAmt
Program Services$237,703ProgramServicesAmt
Management And General$1,287ManagementAndGeneralAmt
Fundraising$3,070FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

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

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$135,622TotalAmt
Program Services$127,892ProgramServicesAmt
Management And General$7,065ManagementAndGeneralAmt
Fundraising$665FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,722,172TotalAmt
Program Services$4,414,726ProgramServicesAmt
Management And General$307,446ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$18,248,373TotalAmt
Program Services$17,676,187ProgramServicesAmt
Management And General$519,388ManagementAndGeneralAmt
Fundraising$52,798FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,025,217TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,025,217ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Repairs and maintenance$3,783,969$3,278,948$494,819$10,202
Dining services$2,520,440$2,517,110$3,330$0
Bad debt expense$1,053,178$0$1,053,178$0
Memberships$894,230$206,525$682,623$5,082

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,041,055TotalAmt
Program Services$888,710ProgramServicesAmt
Management And General$1,083,872ManagementAndGeneralAmt
Fundraising$68,473FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$182,700,083TotalAmt
Program Services$159,620,472ProgramServicesAmt
Management And General$19,983,709ManagementAndGeneralAmt
Fundraising$3,095,902FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,923,007BOYAmt
EOY$10,666,365EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$27,939,770BOYAmt
EOY$25,000,836EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,068,489BOYAmt
EOY$3,995,709EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,261,768BOYAmt
EOY$3,816,174EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,902,595BOYAmt
EOY$2,476,671EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,940,460BOYAmt
EOY$3,431,475EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$441,442,351LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$203,849,710LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$253,314,013BOYAmt
EOY$237,592,641EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$70,622,626BOYAmt
EOY$97,965,663EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$48,707,470BOYAmt
EOY$55,300,209EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$7,482,619EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$423,680,198BOYAmt
EOY$447,728,362EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,282,128BOYAmt
EOY$6,993,034EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,703,140BOYAmt
EOY$14,764,953EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$134,695,852BOYAmt
EOY$129,541,725EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

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

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

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

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,876,335BOYAmt
EOY$15,935,735EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$175,557,455BOYAmt
EOY$167,235,447EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$194,459,000BOYAmt
EOY$211,563,539EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$53,663,743BOYAmt
EOY$68,929,376EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$248,122,743BOYAmt
EOY$280,492,915EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$423,680,198BOYAmt
EOY$447,728,362EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$364,614ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$29,150,252NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$2,855,306OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,373,736CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,875,321CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,873,929CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,754,853CurrentTaxYearMinus1YearAmt
Current Tax Year$18,685,942CurrentTaxYearAmt
Total$55,563,781TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

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

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

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

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,373,736CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,875,321CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,873,929CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,754,853CurrentTaxYearMinus1YearAmt
Current Tax Year$18,685,942CurrentTaxYearAmt
Total$55,563,781TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$13,002,958SubstantialContributorsTotAmt
Public Support Total170$42,560,823PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,474,926CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,315,302CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,522,245CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,657,720CurrentTaxYearMinus1YearAmt
Current Tax Year$1,965,917CurrentTaxYearAmt
Total$11,936,110TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,752CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$151,577CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$112,819CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$279,148TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$106,975CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$71,925CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$72,725CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$251,625TotalAmt
FieldValueIRS element (for citing)
Total Support$68,030,664TotalSupportAmt
Gross Receipts Rltd Activities$841,645,950GrossReceiptsRltdActivitiesAmt
Public Support CY1700.62561PublicSupportCY170Pct
Public Support PY1700.53154PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

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

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

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

Total Direct Lobbying TotalDirectLobbyingGrp

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

Total Lobbying Expend TotalLobbyingExpendGrp

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

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$179,604,181FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$179,604,181FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

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

Grassroots Nontaxable GrassrootsNontaxableGrp

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

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

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

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

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

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

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

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

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

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

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

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

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

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$94,092,355BeginningYearBalanceAmt
Contributions$12,368,817ContributionsAmt
Investment Earnings Or Losses$8,089,953InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,280,916GrantsOrScholarshipsAmt
Other Expenditures$327,821OtherExpendituresAmt
Administrative Expenses$308,429AdministrativeExpensesAmt
End Year Balance$112,633,959EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$84,112,837BeginningYearBalanceAmt
Contributions$646,895ContributionsAmt
Investment Earnings Or Losses$11,319,563InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,239,524GrantsOrScholarshipsAmt
Other Expenditures$254,824OtherExpendituresAmt
Administrative Expenses$492,592AdministrativeExpensesAmt
End Year Balance$94,092,355EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.613BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.242PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.145TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$370,025,928OtherCostOrOtherBasisAmt
Depreciation$166,654,201DepreciationAmt
Book Value$203,371,727BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

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

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$48,463,740OtherCostOrOtherBasisAmt
Depreciation$30,953,350DepreciationAmt
Book Value$17,510,390BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$9,560,360OtherCostOrOtherBasisAmt
Depreciation$6,242,159DepreciationAmt
Book Value$3,318,201BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$237,592,641TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (6 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Global equity funds$11,574,277F
International equity funds$8,572,813F
Fixed income funds$2,967,963F
Hedged equity funds$18,279,718F
Private real asset funds$1,513,456F
Private equity and venture funds$12,391,982F
FieldValueIRS element (for citing)
Total Book Value Securities$55,300,209TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
Obligation on interest rate swap agreements$9,892,100
Perkins and other government$2,390,504
Accumulated postretirement benefit obligation$2,138,070
Asset retirement obligations$811,873
Obligation on operating leases$579,271
Obligation on charitable annuity agreements$123,917
FieldValueIRS element (for citing)
Total Liability$15,935,735TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$161,556,052TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$29,150,252NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants$0RecoveriesPriorYearGrantsAmt
Other Revenue$2,855,306OtherRevenueAmt
Revenue Not Reported$32,005,558RevenueNotReportedAmt
Revenue Subtotal$129,550,494RevenueSubtotalAmt
Investment Expenses Not Incld$379,773InvestmentExpensesNotIncldAmt
Other Revenues Not Included$53,134,430OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$53,514,203RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$183,064,697TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$129,185,880TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$0DonatedServicesUseFcltsAmt
Prior Year Adjustments$0PriorYearAdjustmentsAmt
Losses Reported$0LossesReportedAmt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$129,185,880ExpensesSubtotalAmt
Investment Expenses Not Incld2$379,773InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$53,134,430OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$53,514,203ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$182,700,083TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4The university's endowment consists of approximately 195 donor-restricted and 11 board-restricted individual funds established for a variety of purposes for the furtherance of the educational mission of the university. The Board of Trustees has established a spending rate of 5% of a trailing twelve-quarter average fair value of the endowment. Earnings from the endowed funds are predominately used for scholarship, teaching, and program expenses.
Schedule D, Part X, Line 2The university accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The university has identified its tax status as a tax-exempt entity and its determinations over which of its revenues are related and unrelated as its only significant tax positions. However, the university has determined that such tax positions do not result in an uncertainty requiring recognition. The university is not currently under examination by any taxing jurisdiction. The university's Federal and state tax returns are generally open to examination for three years following the date filed
Schedule D, Part XI, Line 2dUnrealized gain on interest rate swaps $2,855,306
Schedule D, Part XI, Line 4bStudent financial aid grants to individuals $55,909,275 less net loss on disposal of assets $2,774,845
Schedule D, Part XII, Line 4bStudent financial aid grants to individuals $55,909,275 less net loss on disposal of assets $2,774,845

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3The university's student population is predominately from the Northeast region of the United States, as well as from approximately 30 other U.S. States and territories and 74 foreign countries. The university follows a racially nondiscriminatory policy as to its students and enrolls students of racial minority groups in meaningful numbers.
Schedule E, Part I, Line 6The university administers disbursements of funds for Federal programs including Perkins Loans, Direct Loans, SEOG, Pell, Federal Work Study and the Higher Education Emergency Relief Fund (HEERF II) disbursements from various state governments located throughout the USA.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (including Iceland and Greenland)11Program ServicesStudy Abroad$70,222
Central America and the Caribbean00Investments$28,544,469
FieldValueIRS element (for citing)
Total Office1TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Total Spent$28,614,691TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule I IRS990ScheduleI

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

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Scholarships to students3784$0$55,262,524OtherReduction to student account balance for tuition owed to the university.
Scholarships to students.50$0$646,751OtherReduction to student account balance for room owed to the university.
HEERF II to provide emergency financial aid grants to students1230$1,734,786$0FMV

Supplemental Information Detail SupplementalInformationDetail

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

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mark A Thompson
President$531,667$0$0$0$87,715$0$28,500$0$27,033$0$674,915$0$0$0
Robert L Totino
VP for Finance & CFO$248,488$0$0$0$1,003$0$20,069$0$29,816$0$299,376$0$0$0
Cindy P Stevens
Prof. & Interim Dean College of Arts & Sciences$262,201$0$0$0$397$0$15,804$0$8,941$0$287,343$0$0$0
Vishvas Paradkar
VP of Technology & CIO$197,205$0$0$0$11,582$0$16,661$0$23,411$0$248,859$0$0$0
Michelle Davis
VP Chief Marketing Officer (Until 4/1/21)$196,876$0$0$0$2,556$0$15,983$0$28,350$0$243,765$0$0$0
Patrick F Hafford
Dean of College Arts & Sciences & Professor (Until 9/28/20)$143,942$0$0$0$69,262$0$15,316$0$14,828$0$243,348$0$0$0
David Gilmore
Associate VP for Finance$175,113$0$0$0$28,771$0$14,115$0$24,647$0$242,646$0$0$0
Keiko S Broomhead
FMR VP for Enrollment Mgmt (Until 1/14/20)$9,968$0$0$0$211,286$0$3,110$0$1,819$0$226,183$0$0$0
David Wahlstrom
VP for Business$184,406$0$0$0$919$0$14,919$0$24,583$0$224,827$0$0$0
Lynn McCormick
VP General Counsel$195,592$0$15,000$0$363$0$0$0$9,132$0$220,087$0$0$0
Margaret Card
Director of Human Resources (Until 7/29/20)$81,414$0$0$0$112,841$0$10,479$0$14,407$0$219,141$0$0$0
Mary Ellen Keeney
Interim VP Human Resources$196,500$0$0$0$0$0$0$0$15,450$0$211,950$0$0$0
Charles Hotchkiss
Dean of College of Arch & Design (Until 9/28/20)$125,551$0$0$0$62,162$0$14,561$0$7,076$0$209,350$0$0$0
David J Fraboni II
Inter. VP Inst. Advanc. (As of 1/14/20 until 12/31/20))$195,001$0$0$0$0$0$0$0$11,025$0$206,026$0$0$0
Ian Lapp
Senior VP for Academic Affairs Provost (As of 6/8/20)$170,495$0$0$0$669$0$9,613$0$12,083$0$192,860$0$0$0
Annamaria Wenner
VP Student Affairs & Dean of Students$164,199$0$0$0$270$0$12,874$0$8,678$0$186,021$0$0$0
Amy Intille
VP for Executive Affairs$166,726$0$0$0$357$0$12,874$0$528$0$180,485$0$0$0
Paula S Sakey
FMR VP for Inst. Advancement (Until 1/14/20)$14,067$0$0$0$146,652$0$3,963$0$136$0$164,818$0$0$0
Richard Hansen
FMR Interim VP Acad Affairs/Provost (Until 6/8/20)$122,917$0$0$0$0$0$0$0$0$0$122,917$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1aPresident Thompson was provided with a $6,250 monthly housing allowance, and the entire amount is treated as taxable compensation. Interim VP for Enrollment Eckstein, Interim VP for Institutional Advancement Fraboni II, and Interim VP for Human Resources Keeney were provided with temporary off campus housing and parking until March 31, 2020, with a monthly value of approximately $3,550, $3,675 and $5,150, respectively, which were treated as non-taxable compensation.
Schedule J, Part I, Line 1bThe amount of the housing allowance for the President is included in a written employment contract that was approved by the Executive Committee of the Board of Trustees. The amount was determined partly based from salary surveys. The temporary off campus housing and parking provided to Interim VP for Enrollment Eckstein, Interim VP for Institutional Advancement Fraboni II, and Interim VP for Human Resources Keeney were pursuant to a written contract approved by the President.
Schedule J, Part I, Line 4Former VP for Enrollment Broomhead received severance in the amount of $190,640 on February 6, 2020, as a result of separation from the university on January 14, 2020. Former VP for Institutional Advancement Sakey received severance in the amount of $120,809 on February 6, 2020, as a result of separation from the university on January 14, 2020. Director of Human Resources Card received severance in the amount of $94,482 on September 17, 2020, as a result of separation from the university on July 29, 2020. Dean of College of Arts & Sciences Hafford received severance in the amount of $45,513 on October 29, 2020, as a result of separation from the university on September 28, 2020. Dean of College of Arch & Design Hotchkiss received severance in the amount of $42,518 on October 29, 2020, as a result of separation from the university on September 28, 2020.
Schedule J, Part I, Line 7Merit based compensation may be granted as either a salary increase or a one-time bonus. Qualifications for receiving a bonus include performance exceeding expectations or taking on additional duties due to staff vacancies or temporary absences. In the case of employees below the level of Division Heads, the bonus amount is determined by consultation between the Division Head and Human Resources. In the case of Division Heads and other Officers, the bonus amount (if any) is determined via the same process as other compensation for Officers and other key employees including review by the Executive Committee of the Board of Trustees.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

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

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

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

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

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

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
See Part VI
A000Yes (1)Yes (1)Yes (1)310000Yes (1)
See Part VI
B000Yes (1)Yes (1)Yes (1)29.80000Yes (1)
(no name)
C0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

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

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part IV, Line 2c-02/15/2013 69,865,000 Massachusetts DevelopmentThe date of the last rebate computation was on March 16, 2021 and no rebate liability exists.
Schedule K, Part IV, Line 2c-04/09/2015 46,280,000 Massachusetts DevelopmentThe date of the last rebate computation was on March 16, 2021 and no rebate liability exists.
Schedule K, Part IV, Line 4b-02/15/2013 69,865,000 Massachusetts DevelopmentName of providers: Wells Fargo and RBS Citizens
Schedule K, Part IV, Line 4b-04/09/2015 46,280,000 Massachusetts DevelopmentNames of providers: Morgan Stanley and Bank of New York
Schedule K, Part IV, Line 4c-02/15/2013 69,865,000 Massachusetts DevelopmentTerms of hedges: 31 Years ad 18 Years

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution8ContributionCnt
Noncash Contributions Rpt F990$1,214,420NoncashContributionsRptF990Amt
Method Of Determining RevenuesFair market valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I, Line 9FormAndLineReferenceDesc
ExplanationThe university is disclosing the number of contributions of publicly traded securities. These contributions may be comprised of one or more securities.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part V, Line 2aThe total number of employees includes faculty and staff of 1,106 and student employees of 1,093.
Form 990, Part VI, Section A, Line 2Trustee Gregory B. Janey and Trustee Ryan E. Hutchins have a business relationship.
Form 990, Part VI, Section B, Line 11bA draft copy of the Form 990 is provided to all members of the university's Audit Committee for their review and approval prior to its filing. After approval by the Audit Committee, but before it is filed, the Form 990 is posted on the university's secure web portal for Trustees. All Trustees are sent an email to let them know that the Form 990 is available on the secure portal for their review.
Form 990, Part VI, Section B, Line 12cThe university annually distributes, via email and other electronic means, a copy of the conflict of interest policy and related disclosure forms. The university monitors the replies to ensure that it receives replies from all appropriate Trustees, Officers, Faculty and Staff per the requirements of the policy. Disclosures of potential conflicts of interest are reported to the Audit Committee for disposition. The policy also reminds all individuals that they are required to disclose any potential conflicts of interest that may arise at any time after completion of the disclosure form. When an actual or potential conflict of interest is found to exist, the conflicted individual may be prohibited from participating in deliberations and decisions relating to their transaction.
Form 990, Part VI, Section B, Line 15Compensation of the Officers and other key employees of the university must allow Wentworth to attract the best individuals for each position. That compensation shall be reviewed by the Executive Committee of the Board of Trustees to ensure that compensation packages are appropriate in the marketplace, that the university has a rebuttable presumption of reasonableness, and that the university does not violate the intermediate sanctions provisions of the Internal Revenue Code. In order to determine market value, Wentworth hired compensation consultants in 2021 who conducted a market analysis of these positions. This analysis includes data from peer institutions. In addition, Wentworth participates in several salary surveys which are used to evaluate the competitiveness of the university's salaries. On an annual basis, the President shall provide the Executive Committee of the Board of Trustees all proposed Officer compensation for the new calendar year. The Executive Committee shall determine the appropriateness of the Officer salaries. The Vice President of Finance/CFO works with the Executive Committee to approve the President's salary. The Executive Committee shall document in the minutes of the meeting all actions taken and data used to determine salary. Once the Executive Committee makes the recommendations for the Officers, the President will inform the Human Resources Department to implement the changes. The Vice President of Finance/CFO will submit the salary recommendations for the President to the Human Resources Department.
Form 990, Part VI, Section C, Line 19The university's Form 990 and audited financial statements are available via the Massachusetts Attorney General's website. The governing documents and conflict of interest policy are available upon written or electronic request.
Form 990, Part XI, Line 9Form 990, Part XI, Line 9 - Unrealized gain on interest rate swaps $2,855,306.