2021-05-10T11:45:43-05:00 2020-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2019-07-01 042225850 COLLEGE OF OUR LADY OF THE ELMS COLL 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 KATIE LONGLEY VP OF FINANCE AND ADMINISTRATION 4135942761 2021-05-04 1 RUDY M D'AGOSTINO P00962620 4135368510 2021-05-04 2019 2022-09-23 18:48:47Z KATIE LONGLEY 291 SPRINGFIELD STREET CHICOPEE MA 01013 46386940 0 X WWW.ELMS.EDU X 1928 MA TO EDUCATE A DIVERSE GROUP OF WOMEN AND MEN IN A SUPPORTIVE, VIBRANT LEARNING COMMUNITY. 33 32 798 71 35752 0 4639722 5149689 40720979 40562761 336789 216176 370520 458314 46068010 46386940 12915622 14418034 0 0 16670501 16342322 0 0 609313 11817703 11797197 41403826 42557553 4664184 3829387 61319804 69356608 16343537 20567300 44976267 48789308 X THE COLLEGE OF OUR LADY OF THE ELMS, A CATHOLIC COLLEGE, EDUCATES A DIVERSE GROUP OF WOMEN AND MEN IN A SUPPORTIVE, VIBRANT LEARNING COMMUNITY. COMBINING A LIBERAL ARTS EDUCATION WITH PROFESSIONAL STUDIES, ELMS COLLEGE EMPOWERS STUDENTS TO EFFECT POSITIVE CHANGES IN THE COMMUNITY AND IN THE WORLD. AFFIRMING THE FOUNDING TRADITION OF THE SISTERS OF ST. JOSEPH, ELMS COLLEGE CHALLENGES STUDENTS TO EMBRACE CHANGE WITHOUT COMPROMISING PRINCIPLE, TO RESPOND CREATIVELY TO THE DEMANDS OF THEIR CHOSEN CAREERS, AND TO ADVOCATE FOR PEOPLE IN NEED. ELMS COLLEGE IS A COMMUNITY ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, AND RESPONSIVE TO CIVIC AND SOCIAL OBLIGATIONS. 0 0 31660843 14418034 36812099 THE COLLEGE IS DEVOTED TO EDUCATING MEN & WOMEN & HAS ADAPTED TO CHANGING TIMES BY DEVELOPING INNOVATIVE PROGRAMS DESIGNED TO PREPARE THEM FOR LEADERSHIP IN A WIDE VARIETY OF FIELDS. EDUCATIONAL PROGRAMS ARE OFFERED IN SEVEN DIFFERENT SESSIONS. DURING THE 2019/2020 SCHOOL YEAR, WE SERVED 1,860 FULL AND PART TIME STUDENTS. 1326279 3984749 AUXILIARY SERVICES INCLUDE CAFETERIA, HEALTH CENTER, AND OTHER FACILITIES PROVIDED FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, ADJUNCT, AND STAFF. 2,206 PEOPLE SERVED. 32987122 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 162 0 1 798 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KATIE LONGLEY 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 HARRY DUMAY PRESIDENT 35.00 X 389686 0 78636 WALTER BREAU VP OF ACADEMIC AFFAIRS 35.00 X 178750 0 26858 KATIE LONGLEY VP OF FIN & ADMIN/TREASURER 35.00 X 173941 0 26636 JANET WILLIAMS DIRECTOR OF POST BACC-PRE MED PROG 35.00 X 171363 0 10933 KIMBERLY KENNEY-ROCKWEL DIRECTOR OF MBA PROGRAM 35.00 X 142669 0 61885 JONATHAN SCULLY VP OF ENROLLMENT MANAGEMENT 35.00 X 141892 0 16837 KATHLEEN SCOBLE DEAN OF SCHOOL OF NURSING 35.00 X 137711 0 15253 ELIZABETH HUKOWICZ ASSOCIATE ACADEMIC DEAN 35.00 X 123189 0 7044 CYNTHIA LYONS CHAIR 2.00 X X 0 0 0 PAUL M STELZER VICE-CHAIR 2.00 X X 0 0 0 ANTHONY CIGNOLI TRUSTEE 2.00 X 0 0 0 FRANCIS KIRLEY TRUSTEE 2.00 X 0 0 0 VIRGINIA MAITLAND SSJ TRUSTEE 2.00 X 0 0 0 KATHY TOBIN TRUSTEE 2.00 X 0 0 0 JOHN D FLYNN TRUSTEE 2.00 X 0 0 0 JOAN S KAGAN TRUSTEE 2.00 X 0 0 0 NANCY D MACPHERSON TRUSTEE 2.00 X 0 0 0 JEAN BOSTLEY SSJ TRUSTEE 2.00 X 0 0 0 JANE THOMAS SSJ TRUSTEE 2.00 X 0 0 0 MARK G HAMBLEY TRUSTEE 2.00 X 0 0 0 JOHN B QUINN TRUSTEE 2.00 X 0 0 0 REGINA NOONAN HITCHERY TRUSTEE 2.00 X 0 0 0 MELISSA R GILLIS TRUSTEE 2.00 X 0 0 0 PETER J HARRINGTON TRUSTEE 2.00 X 0 0 0 KATHLEEN M KANE TRUSTEE 2.00 X 0 0 0 MARTHA R ROSS TRUSTEE 2.00 X 0 0 0 MICHAEL K VANN TRUSTEE 2.00 X 0 0 0 JOHN E CONNORS TRUSTEE 2.00 X 0 0 0 ELIZABETH G DINEEN TRUSTEE 2.00 X 0 0 0 JOAN RYZEWICZ SSJ TRUSTEE 2.00 X 0 0 0 EILEEN O'LEARY SULLIVAN TRUSTEE 2.00 X 0 0 0 BETH E ANDERSON TRUSTEE 2.00 X 0 0 0 PASCALE DESIR TRUSTEE 2.00 X 0 0 0 DR JOSE R FERNANDEZ TRUSTEE 2.00 X 0 0 0 MARK M FULCO TRUSTEE 2.00 X 0 0 0 STEVEN P GOBEL TRUSTEE 2.00 X 0 0 0 DR FAWWAZ HABBAL TRUSTEE 2.00 X 0 0 0 ELEANOR SPRING SSJ TRUSTEE 2.00 X 0 0 0 RICHARD K SULLIVAN JR TRUSTEE 2.00 X 0 0 0 THERESA STEC TRUSTEE 2.00 X 0 0 0 ELLEN W FREYMAN ESQ TRUSTEE 2.00 X 0 0 0 1459201 0 244082 11 0 1 0 WESTERN BUILDERS INC 73 PLEASANT STREET GRANBY MA 01033 CONSTRUCTION SERVICES 1426663 ARAMARK CORPORATION 291 SPRINGFIELD CHICOPEE MA 01013 FOOD SERVICES 1397529 WFF FACILITY SERVICES 211 SO JEFFERSON AVE ST LOUIS MO 63103 FACILITIES SERVICES 1013311 KEITER BUILDERS INC 11161 OVERBROOK ROAD LEAWOOD KS 66211 CONSTRUCTION SERVICES 632613 ELLUCIAN COMPANY LP 896 MAIN STREET HOLYOKE MA 01040 SOFTWARE 571321 20 1563534 3586155 1662194 5149689 TUITION AND FEES 611310 36670949 36670949 ROOM AND BOARD 611310 3891812 3891812 40562761 216176 216176 9000 9000 118557 0 118557 118557 118557 WORK STUDY PROGRAM AWA 611310 141150 141150 OTHER INCOME 611310 88589 77526 11063 FITNESS CENTER:NONSTUD 713940 35752 35752 65266 15411 49855 330757 46386940 40796848 35752 404651 14258277 14258277 159757 159757 627472 124337 378798 124337 13498471 10771805 2462193 264473 424579 302950 108836 12793 754536 499688 231600 23248 1037264 807987 202388 26889 66931 19657 47274 90500 90500 40342 40342 497707 276769 210938 10000 359049 9950 349099 1908564 1752023 123686 32855 289474 41314 248160 985961 153785 832176 252120 218348 32200 1572 202716 110985 80871 10860 622148 419724 188641 13783 2503798 1658981 790340 54477 SERVICE & MAINT. CONTRA 1899297 98196 1770665 30436 FOOD SERVICES 1065161 1065161 INSTITUTIONAL SUPPORT 714607 30749 683858 OTHER EXPENSES 239663 147520 88553 3590 59159 59159 42557553 32987122 8961118 609313 987716 810124 10408867 13479521 2049629 1903389 295248 1118749 9503844 668015 669030 515738 69919551 34789731 22309003 35129820 8746340 9593448 6238493 6044685 111634 93119 61319804 69356608 2070451 2291715 1223206 1467523 11757225 13049320 303484 280154 300592 2932970 688579 545618 16343537 20567300 X 30050009 33611739 14926258 15177569 44976267 48789308 61319804 69356608 X 3829387 -24167 7821 X X 0 1 X 1 1 1 X 2162141 3259568 1703126 4639722 5149689 16914246 2162141 3259568 1703126 4639722 5149689 16914246 990097 15924149 339441 345229 413323 397594 343733 1839320 18753566 207061609 0.84910 0.79120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 1 X 13737663 2459276 151204 486516 29307 15832320 12797831 656661 857811 517536 57104 13737663 11900951 599658 778460 428012 53226 12797831 10459340 494056 1263542 268526 47461 11900951 10749485 442515 -406006 277722 48932 10459340 0.25310 0.63300 0.11390 1 0 144370 144370 47254415 18221830 29032585 19631590 14270941 5360649 2889176 2296960 592216 35129820 FIXED INCOME INVESTMENTS 1619835 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 2171414 F LIMITED PARTNERSHIPS 2253436 F 6044685 GRANTS REFUNDABLE 511042 ANNUITY OBLIGATIONS 34576 545618 X 33715241 -24167 3155152 3130985 30584256 40342 15762342 15802684 46386940 28114299 15122 15122 28099177 40342 14418034 14458376 42557553 PART III, LINE 4: DESCRIPTION OF COLLECTION: 33" X 20" WATERCOLOR BY ENRICO TARENGHI WITH VALUE OF $14,000 AND 40 ETCHINGS BY SEARS GALLAGHER WITH TOTAL VALUE OF $34,000. THE ARTWORK PROVIDES AN EXAMPLE OF HOLISTIC ENRICHMENT FOR THE STUDENTS AND PROMOTES THE CONCEPTS SET FORTH IN A LIBERAL ARTS COLLEGE. ALUMNAE LIBRARY ALSO HAS A COLLECTION OF SOME 1000 RARE BOOKS DATING BETWEEN 1521 AND 1900, APPROXIMATELY 50 PAINTINGS BY VARIOUS HANDS, AND AN ASSORTED COLLECTION OF REGALIA FROM DIVERSE COUNTRIES. THE LIBRARY ALSO OWNS ONE MEDIEVAL MANUSCRIPT, ABOUT A HALF-DOZEN FRAMED MEDIEVAL PAGES, AND CURRENTLY HAS TWO MANUSCRIPTS ON LOAN. THE MATERIALS ARE USED SOLELY FOR DISPLAY AND SCHOLARLY RESEARCH. PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT FUNDS PLACED ON DEPOSIT BY EACH CLASS AND OTHER GROUPS WITH THE COLLEGE AS CUSTODIAN. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD FOR STUDENT SCHOLARSHIPS, CONVOCATION AWARDS, AND TO SUPPORT LIBRARY AND EDUCATION DEPARTMENT OPERATIONS. THE ENDOWMENT FUNDS ARE ALSO TO PROVIDE INCOME TO SUPPORT CURRENT AND FUTURE OPERATIONS OF THE COLLEGE AS WELL. PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 7,821. AFFILIATES' REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 3,147,331. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 14,418,034. CONTRIBUTION FROM SUPPORTING ORGANIZATION 1,344,308. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATES' EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 15,122. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 14,418,034. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE ARE A PRIVATE, CATHOLIC, COEDUCATIONAL LIBERAL ARTS COLLEGE FOUNDED IN 1928 BY THE SISTERS OF ST. JOSEPH OF SPRINGFIELD, MA. ELMS COLLEGE IS LOCATED IN CHICOPEE, MA AND GRANTS ASSOCIATE'S, BACHELOR'S, MASTER'S AND DOCTOR OF NURSING PRACTICE DEGREES. ELMS COLLEGE IS COMMITTED TO ENSURING THAT ALL EDUCATIONAL AND PERSONNEL ACTIONS ARE ADMINISTERED ON A NON-DISCRIMINATORY BASIS AND ALSO IDENTIFIES AND REMOVES ANY BARRIERS TO EQUAL ACCESS AND EQUAL TREATMENT FOR ALL MEMBERS OF ITS COMMUNITY. A STATEMENT OF EQUAL OPPORTUNITY IS INCLUDED IN OUR STUDENT HANDBOOK, WHICH IS GIVEN TO EVERY STUDENT AND AVAILABLE ON OUR WEBSITE. SCHEDULE E, PART I, LINE 6 6A: THE COLLEGE RECEIVES GOVERNMENT FINANCIAL ASSISTANCE WHICH IS AWARDED TO THE STUDENTS AS SCHOLARSHIPS AND OTHER FINANCIAL AID. 1 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS & TUITION WAIVERS EDUCATIONAL ASSISTANCE 28000 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIPS & TUITION WAIVERS EDUCATIONAL ASSISTANCE 17635 EUROPE 0 0 SCHOLARSHIPS & TUITION WAIVERS EDUCATIONAL ASSISTANCE 15940 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 SCHOLARSHIPS, GRANTS & TUITION WAIVERS AND PROGRAM SERVICES EDUCATIONAL ASSISTANCE AND NURSING CARE 98182 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT NO ACTIVITY 2253436 CENTRAL AMERICA AND THE CARIBBEAN -HAITI 0 5 PROGRAM SERVICE NURSING PROGRAM ACTIVITIES IN HAITI 59159 0 5 0 0 0 5 2472352 0 2472352 SCHOLARSHIP EUROPE 1 15940 CREDIT TO TUITION BALANCE SCHOLARSHIPS SUB-SAHARAN AFRICA 2 28000 CREDIT TO TUITION BALANCE SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 1 17635 CREDIT TO TUITION BALANCE SCHOLARSHIPS/GRANTS CENTRAL AMERICA AND THE CARIBBEAN 27 98182 CREDIT TO TUITION BALANCE 0 0 1 0 0 0 PART I, LINE 2: FINANCIAL AID DISBURSEMENTS ARE MADE TO STUDENTS QUALIFYING FOR FINANCIAL GRANTS AND ARE BASED ON DEMONSTRATED FINANCIAL NEED AS REPORTED THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSSFA) APPLICATIONS. THE FUNDS ARE CREDITED AGAINST BILLED CHARGES IN A QUALIFYING STUDENTS ACCOUNT. FINANCIAL AID GRANT FUNDS AS WELL AS STUDENT ELIGIBILITY/ENROLLMENT STATUS ARE MONITORED USING FINANCIAL AID MANAGEMENT SOFTWARE. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND GRANTS 928 14258277 PART I, LINE 2: FINANCIAL AID DISBURSEMENTS ARE MADE TO STUDENTS QUALIFYING FOR FINANCIAL GRANTS AND ARE BASED ON DEMONSTRATED FINANCIAL NEED AS REPORTED THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSSFA) APPLICATIONS. FINANCIAL AID GRANT FUNDS AS WELL AS STUDENT ELIGIBILITY ARE MONITORED USING FINANCIAL AID MANAGEMENT SOFTWARE. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 HARRY DUMAY PRESIDENT 354686 0 35000 0 0 0 19807 0 58829 0 468322 0 0 0 WALTER BREAU VP OF ACADEMIC AFFAIRS 176750 0 2000 0 0 0 8367 0 18491 0 205608 0 0 0 KATIE LONGLEY VP OF FIN & ADMIN/TREASURER 166441 0 7500 0 0 0 9122 0 17514 0 200577 0 0 0 JANET WILLIAMS DIRECTOR OF POST BACC-PRE MED PROG 171363 0 0 0 0 0 8568 0 2365 0 182296 0 0 0 KIMBERLY KENNEY-ROCKWEL DIRECTOR OF MBA PROGRAM 142669 0 0 0 0 0 7688 0 54197 0 204554 0 0 0 JONATHAN SCULLY VP OF ENROLLMENT MANAGEMENT 136892 0 5000 0 0 0 7072 0 9765 0 158729 0 0 0 KATHLEEN SCOBLE DEAN OF SCHOOL OF NURSING 137711 0 0 0 0 0 7117 0 8136 0 152964 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS INCLUDED IN OFFICER'S W-2. PART I, LINE 3 DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS CUPA. THIS INFORMATION IS COMPARED TO MANAGEMENT'S COMPENSATION BASED ON JOB TITLE, JOB DESCRIPTION, AND JOB EXPERIENCE TO DETERMINE WHETHER THE COLLEGE'S COMPENSATION IS COMPARABLE. THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND THEN SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. PART I, LINE 4B THE COLLEGE HAS A SEC. 457(B) DEFERRED COMPENSATION RETIREMENT PLAN IN PLACE FOR ELIGIBLE EMPLOYEES. DR. DUMAY, THE COLLEGE'S PRESIDENT, PARTICIPATED IN THE PLAN IN FYE 6/30/20. PART II, COLUMN C OF SCHEDULE J REFLECTS $5,807 OF CONTRIBUTIONS MADE ON HIS BEHALF. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2019-12-31 14986000 RESTORATION OF HISTORIC CAMPUS BUILDING,REFINANCING & OTHER CAP. PROJECTS 0 0 0 A 11556465 14986000 205533 1500000 1724002 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 0 0 0 0 0 A 1 PAUL STELZER BOARD MEMBER 2503869 BOARD MEMBER IS THE PRESIDENT OF A COMPANY THAT IS AFFILIATED WITH A COMPANY THAT WAS HIRED AT ARMS LENGTH TO PROVIDE CONTRACTOR SERVICES FOR THE COLLEGE. 0 X 3 314407 STOCK EXCHANGE VALUATION X 1 1344308 SEE PART II X MISCELLANEOUS 0 3479 ESTIMATED COST 0 0 1 0 PART I, LINE 33: THE FRIENDS OF ELMS COLLEGE, INC., A SUPPORTING ORGANIZATION OF ELMS COLLEGE, CONTRIBUTED ITS HEALTH SCIENCES BUILDING TO THE COLLEGE DURING FYE 6/30/20. PREVIOUSLY THE COLLEGE HAD RENTED THE SCIENCE BUILDING FROM THE FRIENDS OF ELMS COLLEGE, INC. TO USE FOR ITS PROGRAMS. THE COLLEGE USED THE BUILDING'S NET BOOK VALUE AT THE TIME OF TRANSFER TO VALUE THE BUILDING. AT THE TIME OF TRANSFER, THE BUILDING STILL HAD OUTSTANDING DEBT ON IT OWED TO THE COLLEGE FROM ITS ORIGINAL CONSTRUCTION. THE COLLEGE ACCEPTED THE BUILDING IN SATISFACTION OF THIS DEBT. THE OVERALL CONTRIBUTION HAS BEEN PRESENTED NET OF THE DEBT. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S CPA FIRM PREPARES THE 990 WHICH IS SUBSEQUENTLY REVIEWED BY THE COLLEGE'S VP OF FINANCE. THE 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND THEY VOTE TO ACCEPT THE 990 FOR FILING. THE 990 IS THEN PLACED ON A SECURE WEBSITE FOR BOARD MEMBERS TO REVIEW PRIOR TO THE 990 BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE MADE AWARE OF THEIR DUTY TO DISCLOSE ANY CONFLICTS OF INTEREST AND THAT THEY MUST BE DISCLOSED AS SOON AS POSSIBLE ONCE THEY BECOME AWARE. IN OCTOBER OF 2020, ELMS COLLEGE REVIEWED AND REVISED THE CONFLICT OF INTEREST POLICY, WHICH NOW REQUIRES AN ANNUAL REVIEW OF THE POLICY BY EACH BOARD MEMBER AND THE SUBMISSION OF AN ANNUAL ACKNOWLEDGEMENT STATEMENT WHICH IS SUBMITTED TO THE CLERK OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ELMS COLLEGE'S PROCESS FOR DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS CUPA. THIS INFORMATION IS COMPARED TO MANAGEMENT'S COMPENSATION BASED ON JOB TITLE, JOB DESCRIPTION, AND JOB EXPERIENCE TO DETERMINE WHETHER THE COLLEGE'S COMPENSATION IS COMPARABLE. THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND THEN SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: NET CHANGE ON INVESTMENTS HELD IN TRUST BY OTHERS 7,821. PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE FISCAL YEAR. THE FRIENDS OF ELMS COLLEGE INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 208196902 SUPPORT EDUCATIONAL MISSION OF ELMS COLLEGE MA 501(C)(3) SUPPORTING ORG COLLEGE OF OUR LADY OF THE ELMS 1 ELMS COLLEGE FOUNDATION INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 462395041 SUPPORT EDUCATIONAL MISSION OF ELMS COLLEGE MA 501(C)(3) SUPPORTING ORG COLLEGE OF OUR LADY OF THE ELMS 1 PERPETUAL TRUST (1) C/O ELMS COLLEGE 291 SPFLD ST CHICOPEE MA 01013 CHARITABLE TRUST MA COLLEGE OF OUR LADY OF THE ELMS T 11327 1569527 1.00000 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 THE FRIENDS OF ELMS COLLEGE INC K 13887 FAIR RENTAL VALUE ELMS COLLEGE FOUNDATION D 50000 PLEDGE DUE TO COLLEGE THE FRIENDS OF ELMS COLLEGE INC C 1344308 NBV OF BUILDING LESS DEBT