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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-10T14:28:51-07:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041958460 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WENTWORTH INSTITUTE OF TECHNOLOGY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WENT | BusinessNameControlTxt |
| Phone | 6179894325 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 Huntington Avenue | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155998 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert Totino | PersonNm |
| Person Title | VP for Finance/CFO | PersonTitleTxt |
| Phone | 6179894328 | PhoneNum |
| Signature | 2022-05-12 | SignatureDt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Mark A Thompson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 Huntington Avenue | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155998 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $224,061,757 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WIT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1904 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Wentworth 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 Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 2199 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $10,854 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,754,853 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,685,942 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $171,091,133 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $159,712,940 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,953,210 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,463,959 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,240,921 | PYOtherRevenueAmt |
| CY Other Revenue | $1,201,856 | CYOtherRevenueAmt |
| PY Total Revenue | $189,040,117 | PYTotalRevenueAmt |
| CY Total Revenue | $183,064,697 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $52,918,976 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $57,644,061 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $71,287,780 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $68,587,234 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,095,902 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $61,295,802 | PYOtherExpensesAmt |
| CY Other Expenses | $56,468,788 | CYOtherExpensesAmt |
| PY Total Expenses | $185,502,558 | PYTotalExpensesAmt |
| CY Total Expenses | $182,700,083 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,537,559 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $364,614 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $423,680,198 | TotalAssetsBOYAmt |
| Total Assets EOY | $447,728,362 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $175,557,455 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $167,235,447 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $248,122,743 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $280,492,915 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Wentworth 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 Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $159,620,472 | ExpenseAmt |
| Grant | $57,644,061 | GrantAmt |
| Revenue | $159,993,020 | RevenueAmt |
| Desc | Wentworth 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 | $0 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $159,620,472 | 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 | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 84 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2199 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | GM | ForeignCountryCd |
| 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 | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | 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 | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert L Totino | PersonNm |
| Phone | 6179894325 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Attn Finance Office | AddressLine1Txt |
| Address Line2 | 550 Huntington Avenue | AddressLine2Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155998 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (48 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Mark A Thompson | |||||||||
| President | 40 | 0 | Yes (X) | Yes (X) | $619,382 | $0 | $55,533 | ||
| Robert L Totino | |||||||||
| VP for Finance & CFO | 40 | 0 | Yes (X) | $249,491 | $0 | $49,885 | |||
| Cindy P Stevens | |||||||||
| Prof. & Interim Dean College of Arts & Sciences | 40 | 0 | $262,598 | $0 | $24,745 | Yes (X) | |||
| Vishvas Paradkar | |||||||||
| VP of Technology & CIO | 40 | 0 | Yes (X) | $208,787 | $0 | $40,072 | |||
| Michelle Davis | |||||||||
| VP Chief Marketing Officer (Until 4/1/21) | 40 | 0 | Yes (X) | $199,432 | $0 | $44,333 | |||
| Patrick F Hafford | |||||||||
| Dean College Arts & Sci. & Prof. (Until 9/28/20) | 40 | 0 | $213,204 | $0 | $30,144 | Yes (X) | |||
| David Gilmore | |||||||||
| Associate VP for Finance | 40 | 0 | $203,884 | $0 | $38,762 | Yes (X) | |||
| Keiko S Broomhead | |||||||||
| FMR VP for Enrollment Mgmt (Until 1/14/20) | 40 | 0 | $221,254 | $0 | $4,929 | Yes (X) | |||
| David Wahlstrom | |||||||||
| VP for Business | 40 | 0 | Yes (X) | $185,325 | $0 | $39,502 | |||
| Lynn McCormick | |||||||||
| VP General Counsel | 40 | 0 | Yes (X) | $210,955 | $0 | $9,132 | |||
| Margaret Card | |||||||||
| Director of Human Resources (Until 7/29/20) | 40 | 0 | $194,255 | $0 | $24,886 | Yes (X) | |||
| Mary Ellen Keeney | |||||||||
| Interim VP Human Resources | 40 | 0 | Yes (X) | $196,500 | $0 | $15,450 | |||
| Charles Hotchkiss | |||||||||
| Dean of College of Arch & Design (Until 9/28/20) | 40 | 0 | $187,713 | $0 | $21,637 | Yes (X) | |||
| David J Fraboni II | |||||||||
| Inter. VP Inst. Advanc. (As of 1/14/20 until 12/31/20)) | 40 | 0 | Yes (X) | $195,001 | $0 | $11,025 | |||
| Ian Lapp | |||||||||
| Senior VP Acad. Affairs & Provost (As of 6/8/20) | 40 | 0 | Yes (X) | $171,164 | $0 | $21,696 | |||
| Annamaria Wenner | |||||||||
| VP Student Affairs & Dean of Students | 40 | 0 | Yes (X) | $164,469 | $0 | $21,552 | |||
| Amy Intille | |||||||||
| VP for Executive Affairs | 40 | 0 | Yes (X) | $167,083 | $0 | $13,402 | |||
| Paula S Sakey | |||||||||
| FMR VP for Inst. Advancement (Until 1/14/20) | 40 | 0 | $160,719 | $0 | $4,099 | Yes (X) | |||
| Richard Hansen | |||||||||
| FMR Interim VP Acad Affairs/Provost (Until 6/8/20) | 40 | 0 | $122,917 | $0 | $0 | Yes (X) | |||
| Rebecca Eckstein | |||||||||
| Interim VP for Enroll Mgmt (1/21/20 until 7/27/20) | 40 | 0 | Yes (X) | $95,229 | $0 | $8,850 | |||
| Krtistin R Tichenor | |||||||||
| VP for Enrollment Management (As of 7/27/20) | 40 | 0 | Yes (X) | $82,639 | $0 | $15,199 | |||
| Nicole G Price | |||||||||
| VP for Diversity Equity & Inclusion (As of 8/3/20) | 40 | 0 | Yes (X) | $63,765 | $0 | $651 | |||
| Gregory B Janey | |||||||||
| Chair | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Jerome H Casey | |||||||||
| Vice Chair | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Rose Conti | |||||||||
| Treasurer (As of 9/10/20) | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Robert C Murray | |||||||||
| Treasurer (Until 9/10/20) & Trustee | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Ryan E Hutchins | |||||||||
| Secretary | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth C Biron | |||||||||
| Trustee (Until 5/13/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John W Blaisdell | |||||||||
| Trustee (Until 9/10/20) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| David C Blittersdorf | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert DeBenedetto | |||||||||
| Trustee (Until 12/31/20) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Stephen F Fusi | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Eric Greene | |||||||||
| Trustee (As of 5/13/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Paul A Guarracino | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Rick Grundy | |||||||||
| Trustee (As of 5/13/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Anil Jha | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Douglas J Karam | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Christine Keville | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Lawrence LaFreniere | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John M Lynch | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kathleen MacNeil | |||||||||
| Trustee (As of 2/4/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| P Michael Masterson | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Travis McCready | |||||||||
| Trustee (As of 2/4/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Gary J Miller | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John Pini | |||||||||
| Trustee | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Al Spagnolo | |||||||||
| Trustee (As of 2/4/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kenneth Turner | |||||||||
| Trustee (As of 2/4/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Michele A Whitham | |||||||||
| Trustee (Until 5/13/21) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,375,766 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $495,484 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 165 | 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 |
|---|---|---|---|---|---|
| Chartwells Dining Services | |||||
| 2 International Drive | Rye Brook | NY | 10573 | Dining services & catering | $2,808,341 |
| Clinical Research Sequencing Platform LLC | |||||
| 415 Main St | Cambridge | MA | 02142 | COVID testing services | $2,750,000 |
| UG2 LLC | |||||
| 116 Huntington Avenue 12th Fl | Boston | MA | 02116 | Custodial services | $2,435,051 |
| SGA | |||||
| 200 High St | Boston | MA | 02110 | Architecture & design services | $1,401,242 |
| Consigli Construction Company | |||||
| 72 Sumner St | Milford | MA | 01757 | Construction contractor | $1,291,526 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 55 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $13,933,882 | GovernmentGrantsAmt |
| All Other Contributions | $4,752,060 | AllOtherContributionsAmt |
| Noncash Contributions | $1,214,420 | NoncashContributionsAmt |
| Total Contributions | $18,685,942 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition and fees | 611310 | $141,827,014 | $141,827,014 | $0 | $0 |
| Room and board related | 611310 | $17,885,926 | $17,885,926 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| 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) |
|---|---|---|
| Total Program Service Revenue | $159,712,940 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $987,653 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$56,488 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,044,141 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| 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 |
Royalties Revenue RoyaltiesRevenueGrp
| 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 |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $921,776 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $921,776 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $921,776 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $921,776 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $43,452,564 | SecuritiesAmt |
| Other | $20,802 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $38,201,413 | SecuritiesAmt |
| Other | $2,795,647 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,251,151 | SecuritiesAmt |
| Other | -$2,774,845 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,476,306 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $67,342 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,408,964 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $280,080 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $280,080 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| 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) |
|---|---|---|
| Other Revenue Total | $280,080 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $183,064,697 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $159,993,020 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $10,854 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,374,881 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,644,061 | TotalAmt |
| Program Services | $57,644,061 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | 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 | $3,258,330 | TotalAmt |
| Program Services | $748,566 | ProgramServicesAmt |
| Management And General | $2,287,244 | ManagementAndGeneralAmt |
| Fundraising | $222,520 | 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 | $53,234,941 | TotalAmt |
| Program Services | $45,351,769 | ProgramServicesAmt |
| Management And General | $5,940,710 | ManagementAndGeneralAmt |
| Fundraising | $1,942,462 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,627,676 | TotalAmt |
| Program Services | $2,157,638 | ProgramServicesAmt |
| Management And General | $370,565 | ManagementAndGeneralAmt |
| Fundraising | $99,473 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,231,886 | TotalAmt |
| Program Services | $4,296,006 | ProgramServicesAmt |
| Management And General | $737,822 | ManagementAndGeneralAmt |
| Fundraising | $198,058 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,234,401 | TotalAmt |
| Program Services | $3,476,952 | ProgramServicesAmt |
| Management And General | $597,152 | ManagementAndGeneralAmt |
| Fundraising | $160,297 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $189,318 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $189,318 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,958 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $173,958 | 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 | $379,773 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $379,773 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,949,135 | TotalAmt |
| Program Services | $5,026,312 | ProgramServicesAmt |
| Management And General | $1,744,670 | ManagementAndGeneralAmt |
| Fundraising | $178,153 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,299,102 | TotalAmt |
| Program Services | $1,266,060 | ProgramServicesAmt |
| Management And General | $21,128 | ManagementAndGeneralAmt |
| Fundraising | $11,914 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,974,175 | TotalAmt |
| Program Services | $999,796 | ProgramServicesAmt |
| Management And General | $941,500 | ManagementAndGeneralAmt |
| Fundraising | $32,879 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,112,629 | TotalAmt |
| Program Services | $2,602,043 | ProgramServicesAmt |
| Management And General | $421,353 | ManagementAndGeneralAmt |
| Fundraising | $89,233 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,724,382 | TotalAmt |
| Program Services | $6,703,468 | ProgramServicesAmt |
| Management And General | $1,000,291 | ManagementAndGeneralAmt |
| Fundraising | $20,623 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,060 | TotalAmt |
| Program Services | $237,703 | ProgramServicesAmt |
| Management And General | $1,287 | ManagementAndGeneralAmt |
| Fundraising | $3,070 | 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 | $135,622 | TotalAmt |
| Program Services | $127,892 | ProgramServicesAmt |
| Management And General | $7,065 | ManagementAndGeneralAmt |
| Fundraising | $665 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,722,172 | TotalAmt |
| Program Services | $4,414,726 | ProgramServicesAmt |
| Management And General | $307,446 | ManagementAndGeneralAmt |
| Fundraising | $0 | 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 | $18,248,373 | TotalAmt |
| Program Services | $17,676,187 | ProgramServicesAmt |
| Management And General | $519,388 | ManagementAndGeneralAmt |
| Fundraising | $52,798 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,025,217 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,025,217 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,041,055 | TotalAmt |
| Program Services | $888,710 | ProgramServicesAmt |
| Management And General | $1,083,872 | ManagementAndGeneralAmt |
| Fundraising | $68,473 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,700,083 | TotalAmt |
| Program Services | $159,620,472 | ProgramServicesAmt |
| Management And General | $19,983,709 | ManagementAndGeneralAmt |
| Fundraising | $3,095,902 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,923,007 | BOYAmt |
| EOY | $10,666,365 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,939,770 | BOYAmt |
| EOY | $25,000,836 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,068,489 | BOYAmt |
| EOY | $3,995,709 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,261,768 | BOYAmt |
| EOY | $3,816,174 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | 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 | $2,902,595 | BOYAmt |
| EOY | $2,476,671 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,940,460 | BOYAmt |
| EOY | $3,431,475 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $441,442,351 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $203,849,710 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,314,013 | BOYAmt |
| EOY | $237,592,641 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,622,626 | BOYAmt |
| EOY | $97,965,663 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,707,470 | BOYAmt |
| EOY | $55,300,209 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | 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 | $0 | BOYAmt |
| EOY | $7,482,619 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,680,198 | BOYAmt |
| EOY | $447,728,362 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,282,128 | BOYAmt |
| EOY | $6,993,034 | 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 | $12,703,140 | BOYAmt |
| EOY | $14,764,953 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,695,852 | BOYAmt |
| EOY | $129,541,725 | 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 | $18,876,335 | BOYAmt |
| EOY | $15,935,735 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,557,455 | BOYAmt |
| EOY | $167,235,447 | 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 | $194,459,000 | BOYAmt |
| EOY | $211,563,539 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,663,743 | BOYAmt |
| EOY | $68,929,376 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,122,743 | BOYAmt |
| EOY | $280,492,915 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,680,198 | BOYAmt |
| EOY | $447,728,362 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $364,614 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $29,150,252 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $2,855,306 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,373,736 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,875,321 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,873,929 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,754,853 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,685,942 | CurrentTaxYearAmt |
| Total | $55,563,781 | 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 | $4,373,736 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $14,875,321 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,873,929 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,754,853 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,685,942 | CurrentTaxYearAmt |
| Total | $55,563,781 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,002,958 | SubstantialContributorsTotAmt |
| Public Support Total170 | $42,560,823 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,474,926 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,315,302 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,522,245 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,657,720 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,965,917 | CurrentTaxYearAmt |
| Total | $11,936,110 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,752 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $151,577 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $112,819 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $279,148 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $106,975 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $71,925 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $72,725 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $251,625 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $68,030,664 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $841,645,950 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.62561 | PublicSupportCY170Pct |
| Public Support PY170 | 0.53154 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part I, Line 7 | The 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 10 | The amount includes gross income from fundraising events. |
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
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $179,604,181 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $179,604,181 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $0 | CurrentYearMinus3Amt |
| Current Year Minus2 | $0 | CurrentYearMinus2Amt |
| Current Year Minus1 | $0 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $0 | CurrentYearMinus3Amt |
| Current Year Minus2 | $0 | CurrentYearMinus2Amt |
| Current Year Minus1 | $0 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $116,512,860 | BeginningYearBalanceAmt |
| Contributions | $4,666,891 | ContributionsAmt |
| Investment Earnings Or Losses | $34,376,563 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,728,824 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,640,130 | OtherExpendituresAmt |
| Administrative Expenses | $387,471 | AdministrativeExpensesAmt |
| End Year Balance | $149,799,889 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $116,142,475 | BeginningYearBalanceAmt |
| Contributions | $1,812,582 | ContributionsAmt |
| Investment Earnings Or Losses | $3,792,721 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,465,188 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,411,365 | OtherExpendituresAmt |
| Administrative Expenses | $358,365 | AdministrativeExpensesAmt |
| End Year Balance | $116,512,860 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $112,633,959 | BeginningYearBalanceAmt |
| Contributions | $685,283 | ContributionsAmt |
| Investment Earnings Or Losses | $6,762,759 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,260,609 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,439,017 | OtherExpendituresAmt |
| Administrative Expenses | $239,900 | AdministrativeExpensesAmt |
| End Year Balance | $116,142,475 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $94,092,355 | BeginningYearBalanceAmt |
| Contributions | $12,368,817 | ContributionsAmt |
| Investment Earnings Or Losses | $8,089,953 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,280,916 | GrantsOrScholarshipsAmt |
| Other Expenditures | $327,821 | OtherExpendituresAmt |
| Administrative Expenses | $308,429 | AdministrativeExpensesAmt |
| End Year Balance | $112,633,959 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $84,112,837 | BeginningYearBalanceAmt |
| Contributions | $646,895 | ContributionsAmt |
| Investment Earnings Or Losses | $11,319,563 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,239,524 | GrantsOrScholarshipsAmt |
| Other Expenditures | $254,824 | OtherExpendituresAmt |
| Administrative Expenses | $492,592 | AdministrativeExpensesAmt |
| End Year Balance | $94,092,355 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.613 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.242 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.145 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | 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 | $13,392,323 | OtherCostOrOtherBasisAmt |
| Book Value | $13,392,323 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $370,025,928 | OtherCostOrOtherBasisAmt |
| Depreciation | $166,654,201 | DepreciationAmt |
| Book Value | $203,371,727 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $48,463,740 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,953,350 | DepreciationAmt |
| Book Value | $17,510,390 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $9,560,360 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,242,159 | DepreciationAmt |
| Book Value | $3,318,201 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $237,592,641 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Global equity funds | $11,574,277 | F |
| International equity funds | $8,572,813 | F |
| Fixed income funds | $2,967,963 | F |
| Hedged equity funds | $18,279,718 | F |
| Private real asset funds | $1,513,456 | F |
| Private equity and venture funds | $12,391,982 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $55,300,209 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,935,735 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $161,556,052 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $29,150,252 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $2,855,306 | OtherRevenueAmt |
| Revenue Not Reported | $32,005,558 | RevenueNotReportedAmt |
| Revenue Subtotal | $129,550,494 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $379,773 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $53,134,430 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $53,514,203 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $183,064,697 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $129,185,880 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $129,185,880 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $379,773 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $53,134,430 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $53,514,203 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $182,700,083 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | The 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 2 | The 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 2d | Unrealized gain on interest rate swaps $2,855,306 |
| Schedule D, Part XI, Line 4b | Student financial aid grants to individuals $55,909,275 less net loss on disposal of assets $2,774,845 |
| Schedule D, Part XII, Line 4b | Student financial aid grants to individuals $55,909,275 less net loss on disposal of assets $2,774,845 |
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 | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The 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 6 | The 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)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (including Iceland and Greenland) | 1 | 1 | Program Services | Study Abroad | $70,222 |
| Central America and the Caribbean | 0 | 0 | Investments | $28,544,469 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Spent | $28,614,691 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Scholarships to students | 3784 | $0 | $55,262,524 | Other | Reduction to student account balance for tuition owed to the university. |
| Scholarships to students. | 50 | $0 | $646,751 | Other | Reduction to student account balance for room owed to the university. |
| HEERF II to provide emergency financial aid grants to students | 1230 | $1,734,786 | $0 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | The 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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 (19 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | President 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 1b | The 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 4 | Former 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 7 | Merit 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 ReferenceBondReferenceCd | Business Name Line2IssuerName/BusinessNameLine2Txt | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|---|
| Massachusetts Development | |||||||||
| A | Finance Agency | 043431814 | 000000000 | 2013-02-15 | $69,865,000 | Refunding MDFA 2008 Series Bonds & construction of new residence hall | 0 | 0 | 0 |
| Massachusetts Development | |||||||||
| B | Finance Agency | 043431814 | 000000000 | 2015-04-09 | $46,280,000 | Refunding MDFA 2007 Series Bonds | 0 | 0 | 0 |
| Massachusetts Development | |||||||||
| C | Finance Agency | 043431814 | 57584XJ36 | 2017-02-16 | $45,000,680 | Construction of new academic building | 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 | $0 | $0 | $69,865,000 | $0 | $0 | $0 | $685,740 | $0 | $0 | $44,309,260 | $24,870,000 | $0 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $0 | $0 | $46,280,000 | $0 | $0 | $0 | $447,723 | $0 | $0 | $0 | $45,832,277 | $0 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) |
| C | $0 | $0 | $45,000,680 | $0 | $0 | $0 | $446,505 | $0 | $0 | $44,554,175 | $0 | $0 | 2018 | 0 | 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 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.0018 | 0 | 0.0018 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.0045 | 0 | 0.0045 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | Yes (1) | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| See Part VI | ||||||||||||
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 31 | 0 | 0 | 0 | 0 | Yes (1) |
| See Part VI | ||||||||||||
| B | 0 | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 29.8 | 0 | 0 | 0 | 0 | Yes (1) |
| (no name) | ||||||||||||
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part IV, Line 2c-02/15/2013 69,865,000 Massachusetts Development | The 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 Development | The 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 Development | Name of providers: Wells Fargo and RBS Citizens |
| Schedule K, Part IV, Line 4b-04/09/2015 46,280,000 Massachusetts Development | Names of providers: Morgan Stanley and Bank of New York |
| Schedule K, Part IV, Line 4c-02/15/2013 69,865,000 Massachusetts Development | Terms of hedges: 31 Years ad 18 Years |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,214,420 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair market value | 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 | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I, Line 9 | FormAndLineReferenceDesc |
| Explanation | The 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part V, Line 2a | The total number of employees includes faculty and staff of 1,106 and student employees of 1,093. |
| Form 990, Part VI, Section A, Line 2 | Trustee Gregory B. Janey and Trustee Ryan E. Hutchins have a business relationship. |
| Form 990, Part VI, Section B, Line 11b | A 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 12c | The 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 15 | Compensation 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 19 | The 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 9 | Form 990, Part XI, Line 9 - Unrealized gain on interest rate swaps $2,855,306. |