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WENTWORTH INSTITUTE OF TECHNOLOGY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
WENTWORTH INSTITUTE OF TECHNOLOGY (EIN 04-1958460)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-12
IRS object ID
202101339349305170
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-12T12:03:14-07:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041958460EIN

Business Name BusinessName

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRobert TotinoPersonNm
Person TitleVP for Finance/CFOPersonTitleTxt
Phone6179894328PhoneNum
Signature2021-05-12SignatureDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMark A ThompsonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 Huntington AvenueAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021155998ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$208,227,606GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WIT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1904FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionWentworth Institute of Technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee2447TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$4,495TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$27,360NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,873,929PYContributionsGrantsAmt
CY Contributions Grants$11,754,853CYContributionsGrantsAmt
PY Program Service Revenue$174,949,573PYProgramServiceRevenueAmt
CY Program Service Revenue$171,091,133CYProgramServiceRevenueAmt
PY Investment Income$4,798,212PYInvestmentIncomeAmt
CY Investment Income$4,953,210CYInvestmentIncomeAmt
PY Other Revenue$1,121,250PYOtherRevenueAmt
CY Other Revenue$1,240,921CYOtherRevenueAmt
PY Total Revenue$186,742,964PYTotalRevenueAmt
CY Total Revenue$189,040,117CYTotalRevenueAmt
PY Grants And Similar Paid$49,086,856PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$52,918,976CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$68,864,699PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$71,287,780CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,435,123CYTotalFundraisingExpenseAmt
PY Other Expenses$61,701,098PYOtherExpensesAmt
CY Other Expenses$61,295,802CYOtherExpensesAmt
PY Total Expenses$179,652,653PYTotalExpensesAmt
CY Total Expenses$185,502,558CYTotalExpensesAmt
PY Revenues Less Expenses$7,090,311PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,537,559CYRevenuesLessExpensesAmt
Total Assets BOY$434,446,766TotalAssetsBOYAmt
Total Assets EOY$423,680,198TotalAssetsEOYAmt
Total Liabilities BOY$185,466,067TotalLiabilitiesBOYAmt
Total Liabilities EOY$175,557,455TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$248,980,699NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$248,122,743NetAssetsOrFundBalancesEOYAmt
MissionWentworth Institute of Technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$160,647,579ExpenseAmt
Grant$51,184,190GrantAmt
Revenue$171,457,758RevenueAmt
DescWentworth Institute of Technology, Inc. (the "university"), located in Boston, Massachusetts is a private, coeducational institution founded in 1904 and accredited by the New England Commission of Higher Education, Inc. among other accrediting bodies. The university provides academic, residential and other services to a diverse student population of approximately 4,400, predominately from the Northeast region of the United States, as well as from approximately 30 U.S. states and 74 foreign countries.Desc
Total Other Prog Srvc Expense$0TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$160,647,579TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document100IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2447EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryGMForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRobert L TotinoPersonNm
Phone6179894325PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Zorica Pantic
Former President400Yes (X)$818,156$0$42,168
Mark A Thompson
President400$434,951$0$43,229Yes (X)Yes (X)
Eric Overstrom
Former Provost & Senior VP Acad. Affairs400Yes (X)$357,081$0$39,603
Robert L Totino
Vice President for Finance & CFO400$277,887$0$55,629Yes (X)
Linda Shinomoto
VP for Human Resources (Until 10/9/19)400$265,995$0$52,407Yes (X)
Paula S Sakey
Vice President for Institutional Advancement400$267,626$0$25,889Yes (X)
Cindy P Stevens
Professor400$242,019$0$24,465Yes (X)
Vishvas Paradkar
VP of Technology & CIO400$240,578$0$22,006Yes (X)
Michelle Davis
Chief Marketing Officer400$202,962$0$49,034Yes (X)
David Wahlstrom
Vice President for Business400$206,813$0$44,879Yes (X)
Patrick F Hafford
Dean College of Arts & Sciences400$209,952$0$39,610Yes (X)
Keiko S Broomhead
VP for Enrollment Management400$199,761$0$42,176Yes (X)
Annamaria Wenner
VP Student Affairs & Dean of Students400$182,966$0$25,465Yes (X)
John W Duggan
Dept. Chair Civil Engineering Technology400$186,748$0$21,436Yes (X)
Carol Estes-Schwartz
Assoc. VP Institutional Advancement400$185,515$0$17,983Yes (X)
Amy Intille
Vice President of Executive Affairs400$185,354$0$17,528Yes (X)
Dianne K Plummer
Assoc. VP for Enrollment Management400$172,505$0$20,782Yes (X)
Richard Hansen
Interim Provost/VP Acad. Affairs (As of 8/26/19)400$88,068$0$0Yes (X)
Mary Ellen Keeney
Interim VP Human Resources (As of 11/4/19)400$33,000$0$10,034Yes (X)
Gregory B Janey
Chair40$0$0$0Yes (X)Yes (X)
Jerome H Casey
Vice Chair40$0$0$0Yes (X)Yes (X)
Robert C Murray
Treasurer40$0$0$0Yes (X)Yes (X)
Ryan E Hutchins
Secretary40$0$0$0Yes (X)Yes (X)
George A Abe
Trustee (Until 1/30/20)40$0$0$0Yes (X)
Mark R Bamforth
Trustee (Until 3/5/20)40$0$0$0Yes (X)
Elizabeth C Biron
Trustee40$0$0$0Yes (X)
John W Blaisdell
Trustee40$0$0$0Yes (X)
David C Blittersdorf
Trustee40$0$0$0Yes (X)
Lloyd Carney
Trustee (Until 3/4/20)40$0$0$0Yes (X)
Peter J Davoren
Trustee (Until 9/12/19)40$0$0$0Yes (X)
Robert DeBenedetto
Trustee40$0$0$0Yes (X)
Daniel T Flatley
Trustee (Until 9/12/19)40$0$0$0Yes (X)
Stephen F Fusi
Trustee40$0$0$0Yes (X)
Paul A Guarracino
Trustee40$0$0$0Yes (X)
Anil Jha
Trustee40$0$0$0Yes (X)
Douglas J Karam
Trustee40$0$0$0Yes (X)
Christine Keville
Trustee40$0$0$0Yes (X)
Lawrence LaFreniere
Trustee40$0$0$0Yes (X)
John M Lynch
Trustee40$0$0$0Yes (X)
P Michael Masterson
Trustee40$0$0$0Yes (X)
Gary J Miller
Trustee40$0$0$0Yes (X)
John Pini
Trustee40$0$0$0Yes (X)
Sylvia T Price
Trustee (Until 9/12/19)40$0$0$0Yes (X)
Michele A Whitham
Trustee40$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,757,937TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$594,323TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K146IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Chartwells Dining Services
2 International DriveRye BrookNY10573Dining services & catering$5,764,989
Gilbane Building Company Corp
7 Jackson WalkwayProvidenceRI02903Construction contractor$3,799,076
UG2 LLC
116 Huntington Avenue 12th FlBostonMA02116Custodial services$2,565,768
Lee Kennedy Company Inc
122 Quincy Shore DriveQuincyMA02171Construction contractor$2,449,159
EMCOR Services Inc
80 Hawes WayStoughtonMA020721163Construction contractor$889,973
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K68CntrctRcvdGreaterThan100KCnt
Federated Campaigns$0FederatedCampaignsAmt
Membership Dues$0MembershipDuesAmt
Fundraising$0FundraisingAmt
Related Organizations$0RelatedOrganizationsAmt
Government Grants$5,033,276GovernmentGrantsAmt
All Other Contributions$6,721,577AllOtherContributionsAmt
Noncash Contributions$36,176NoncashContributionsAmt
Total Contributions$11,754,853TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
Tuition and fees611310$142,496,381$142,496,381$0$0
Room and board related611310$28,594,752$28,594,752$0$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$171,091,133TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,741,293TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$42,131UnrelatedBusinessRevenueAmt
Exclusion$1,783,424ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

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

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$874,296RealAmt
Personal$0PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

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

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$874,296RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$874,296TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$874,296ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$22,339,176SecuritiesAmt
Other$60,230OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$18,906,689SecuritiesAmt
Other$280,800OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,432,487SecuritiesAmt
Other-$220,570OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,211,917TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$46,626UnrelatedBusinessRevenueAmt
Exclusion$3,165,291ExclusionAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$0ContriRptFundraisingEventAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Business900099BusinessCd
Total Revenue Column$366,625TotalRevenueColumnAmt
Related Or Exempt Func Income$366,625RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$366,625OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$189,040,117TotalRevenueColumnAmt
Related Or Exempt Func Income$171,457,758RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$4,495UnrelatedBusinessRevenueAmt
Exclusion$5,823,011ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

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

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$52,548,627TotalAmt
Program Services$52,548,627ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$370,349TotalAmt
Program Services$370,349ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

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

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,422,258TotalAmt
Program Services$832,052ProgramServicesAmt
Management And General$2,204,371ManagementAndGeneralAmt
Fundraising$385,835FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

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

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$54,792,475TotalAmt
Program Services$45,938,101ProgramServicesAmt
Management And General$6,444,482ManagementAndGeneralAmt
Fundraising$2,409,892FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,291,008TotalAmt
Program Services$3,308,534ProgramServicesAmt
Management And General$714,104ManagementAndGeneralAmt
Fundraising$268,370FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,524,067TotalAmt
Program Services$3,622,247ProgramServicesAmt
Management And General$705,150ManagementAndGeneralAmt
Fundraising$196,670FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,257,972TotalAmt
Program Services$3,459,219ProgramServicesAmt
Management And General$592,246ManagementAndGeneralAmt
Fundraising$206,507FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

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

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$277,712TotalAmt
Program Services$0ProgramServicesAmt
Management And General$277,712ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$131,650TotalAmt
Program Services$0ProgramServicesAmt
Management And General$131,650ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

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

Fees For Services Prof Fundraising FeesForServicesProfFundraising

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

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$350,649TotalAmt
Program Services$0ProgramServicesAmt
Management And General$350,649ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,589,658TotalAmt
Program Services$2,893,632ProgramServicesAmt
Management And General$2,450,934ManagementAndGeneralAmt
Fundraising$245,092FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,724,203TotalAmt
Program Services$1,322,173ProgramServicesAmt
Management And General$338,296ManagementAndGeneralAmt
Fundraising$63,734FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,102,571TotalAmt
Program Services$1,520,307ProgramServicesAmt
Management And General$487,799ManagementAndGeneralAmt
Fundraising$94,465FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,448,776TotalAmt
Program Services$2,833,651ProgramServicesAmt
Management And General$488,227ManagementAndGeneralAmt
Fundraising$126,898FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,176,117TotalAmt
Program Services$7,708,377ProgramServicesAmt
Management And General$423,321ManagementAndGeneralAmt
Fundraising$44,419FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,086,106TotalAmt
Program Services$939,276ProgramServicesAmt
Management And General$107,307ManagementAndGeneralAmt
Fundraising$39,523FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

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

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$504,527TotalAmt
Program Services$426,436ProgramServicesAmt
Management And General$63,247ManagementAndGeneralAmt
Fundraising$14,844FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,113,378TotalAmt
Program Services$4,779,664ProgramServicesAmt
Management And General$333,714ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$19,000,941TotalAmt
Program Services$18,405,158ProgramServicesAmt
Management And General$540,808ManagementAndGeneralAmt
Fundraising$54,975FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$889,193TotalAmt
Program Services$0ProgramServicesAmt
Management And General$889,193ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Dining Services$3,571,152$3,519,515$46,602$5,035
Repairs and maintenance$4,083,492$3,955,452$116,225$11,815
Printing and publications$894,293$169,228$615,980$109,085
Study abroad$835,014$835,014$0$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,516,370TotalAmt
Program Services$1,260,567ProgramServicesAmt
Management And General$2,097,839ManagementAndGeneralAmt
Fundraising$157,964FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$185,502,558TotalAmt
Program Services$160,647,579ProgramServicesAmt
Management And General$20,419,856ManagementAndGeneralAmt
Fundraising$4,435,123FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$8,901,120BOYAmt
EOY$7,923,007EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$36,167,209BOYAmt
EOY$27,939,770EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,163,960BOYAmt
EOY$6,068,489EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,329,454BOYAmt
EOY$3,261,768EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,510,017BOYAmt
EOY$2,902,595EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,287,021BOYAmt
EOY$2,940,460EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$440,682,711LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$187,368,698LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$257,585,599BOYAmt
EOY$253,314,013EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$63,641,281BOYAmt
EOY$70,622,626EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$55,460,323BOYAmt
EOY$48,707,470EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$400,782BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$434,446,766BOYAmt
EOY$423,680,198EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$13,089,864BOYAmt
EOY$9,282,128EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$16,597,009BOYAmt
EOY$12,703,140EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$139,765,050BOYAmt
EOY$134,695,852EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

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

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

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

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,014,144BOYAmt
EOY$18,876,335EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$185,466,067BOYAmt
EOY$175,557,455EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$200,086,817BOYAmt
EOY$194,459,000EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$48,893,882BOYAmt
EOY$53,663,743EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$248,980,699BOYAmt
EOY$248,122,743EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$434,446,766BOYAmt
EOY$423,680,198EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,537,559ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$699,202NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets-$3,696,313OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,426,896CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,373,736CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,875,321CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,873,929CurrentTaxYearMinus1YearAmt
Current Tax Year$11,754,853CurrentTaxYearAmt
Total$43,304,735TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

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

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

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

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,426,896CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,373,736CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,875,321CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,873,929CurrentTaxYearMinus1YearAmt
Current Tax Year$11,754,853CurrentTaxYearAmt
Total$43,304,735TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$13,677,921SubstantialContributorsTotAmt
Public Support Total170$29,626,814PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,836,637CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,474,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,315,302CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,522,245CurrentTaxYearMinus1YearAmt
Current Tax Year$2,657,720CurrentTaxYearAmt
Total$11,806,830TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

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

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$94,905CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$106,975CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$71,925CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$72,725CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$346,530TotalAmt
FieldValueIRS element (for citing)
Total Support$55,737,243TotalSupportAmt
Gross Receipts Rltd Activities$843,288,439GrossReceiptsRltdActivitiesAmt
Public Support CY1700.53154PublicSupportCY170Pct
Public Support PY1700.50644PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

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

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

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

Total Direct Lobbying TotalDirectLobbyingGrp

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

Total Lobbying Expend TotalLobbyingExpendGrp

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

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$181,067,435FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$181,067,435FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

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

Grassroots Nontaxable GrassrootsNontaxableGrp

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

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

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

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

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

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

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

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

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

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

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

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

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

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$84,112,837BeginningYearBalanceAmt
Contributions$646,895ContributionsAmt
Investment Earnings Or Losses$11,319,563InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,239,524GrantsOrScholarshipsAmt
Other Expenditures$254,824OtherExpendituresAmt
Administrative Expenses$492,592AdministrativeExpensesAmt
End Year Balance$94,092,355EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$89,739,718BeginningYearBalanceAmt
Contributions$724,232ContributionsAmt
Investment Earnings Or Losses-$1,537,781InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,436,758GrantsOrScholarshipsAmt
Other Expenditures$2,880,264OtherExpendituresAmt
Administrative Expenses$496,310AdministrativeExpensesAmt
End Year Balance$84,112,837EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.641BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.263PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.096TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$369,382,034OtherCostOrOtherBasisAmt
Depreciation$154,608,081DepreciationAmt
Book Value$214,773,953BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

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

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$45,640,651OtherCostOrOtherBasisAmt
Depreciation$26,518,458DepreciationAmt
Book Value$19,122,193BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$12,267,703OtherCostOrOtherBasisAmt
Depreciation$6,242,159DepreciationAmt
Book Value$6,025,544BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$253,314,013TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (6 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Global equity funds$14,530,090F
International equity funds$6,024,768F
Fixed income funds$2,788,271F
Hedged equity funds$15,951,847F
Private real asset funds$945,882F
Private equity and venture funds$8,466,612F
FieldValueIRS element (for citing)
Total Book Value Securities$48,707,470TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Interest rate swap obligations$12,747,406
Perkins and other government$2,984,518
Post-retirement benefit obligations$2,251,466
Asset retirement obligations$778,950
Charitable annuity obligations$113,995
FieldValueIRS element (for citing)
Total Liability$18,876,335TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$133,330,332TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$699,202NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants$0RecoveriesPriorYearGrantsAmt
Other Revenue-$3,696,313OtherRevenueAmt
Revenue Not Reported-$4,395,515RevenueNotReportedAmt
Revenue Subtotal$137,725,847RevenueSubtotalAmt
Investment Expenses Not Incld$350,650InvestmentExpensesNotIncldAmt
Other Revenues Not Included$50,963,620OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$51,314,270RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$189,040,117TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$134,188,288TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$0DonatedServicesUseFcltsAmt
Prior Year Adjustments$0PriorYearAdjustmentsAmt
Losses Reported$0LossesReportedAmt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$134,188,288ExpensesSubtotalAmt
Investment Expenses Not Incld2$350,650InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$50,963,620OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$51,314,270ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$185,502,558TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4The university's endowment consists of approximately 180 donor-restricted and 11 board-restricted individual funds established for a variety of purposes for the furtherance of the educational mission of the university. The Board of Trustees has established a spending rate of 5% of a trailing twelve-quarter average fair value of the endowment. Earnings from the endowed funds are predominately used for scholarship, teaching, and program expenses.
Schedule D, Part X, Line 2The university accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The university has identified its tax status as a tax-exempt entity and its determinations over which of its revenues are related and unrelated as its only significant tax positions. However, the university has determined that such tax positions do not result in an uncertainty requiring recognition. The university is not currently under examination by any taxing jurisdiction. The university's Federal and state tax returns are generally open to examination for three years following the date filed
Schedule D, Part XI, Line 2dUnrealized loss on interest rate swaps $3,696,313.
Schedule D, Part XI, Line 4bStudent financial aid grants to individuals $51,184,190 less net loss on disposal of assets $220,570.
Schedule D, Part XII, Line 4bStudent financial aid grants to individuals $51,184,190 less net loss on disposal of assets $220,570.

Schedule E IRS990ScheduleE

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

Supplemental Information Detail SupplementalInformationDetail (2 entries)

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

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (including Iceland and Greenland)22Program ServicesStudy Abroad$752,448
East Asia and the Pacific00Program ServicesStudy Abroad$33,791
South Asia00Program ServicesStudy Abroad$24,661
Central America and the Caribbean00Program ServicesStudy Abroad$12,000
Sub-Saharan Africa00Program ServicesStudy Abroad$4,704
Europe (including Iceland and Greenland)00Grantmaking$370,349
Central America and the Caribbean00Investments$22,853,783
FieldValueIRS element (for citing)
Total Office2TotalOfficeCnt
Total Employee2TotalEmployeeCnt
Total Spent$24,051,736TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceScholarshipsTypeOfAssistanceTxt
RegionEurope (including Iceland and Greenland)RegionTxt
Recipient73RecipientCnt
Cash Grant$0CashGrantAmt
Manner Of Cash DisbursementN/AMannerOfCashDisbursementTxt
Non Cash Assistance$370,349NonCashAssistanceAmt
Description Of Non Cash AsstTuition offsetDescriptionOfNonCashAsstTxt
Valuation Method UsedFMVValuationMethodUsedDesc
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 2FormAndLineReferenceDesc
ExplanationAll grants are applied directly to the student's account to cover a portion of the student's tuition.ExplanationTxt

Schedule I IRS990ScheduleI

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

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Scholarships to students.3775$0$50,379,300OtherReduction to student account balance for tuition owed to the university.
Scholarships to students.56$0$804,890OtherReduction to student account balance for room owed to the university.
CARES Act to provide emergency financial aid grants to students.1869$1,734,786$0FMV

Supplemental Information Detail SupplementalInformationDetail

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

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mark A Thompson
President$311,761$0$55,000$0$68,190$0$28,000$0$15,229$0$478,180$0$0$0
Robert L Totino
Vice President for Finance & CFO$252,652$0$23,850$0$1,385$0$26,500$0$29,129$0$333,516$0$0$0
Keiko S Broomhead
VP for Enrollment Management$176,796$0$17,100$0$5,865$0$19,064$0$23,112$0$241,937$0$0$0
Michelle Davis
Chief Marketing Officer$199,902$0$0$0$3,060$0$21,105$0$27,929$0$251,996$0$0$0
Amy Intille
Vice President of Executive Affairs$169,472$0$15,300$0$582$0$17,000$0$528$0$202,882$0$0$0
Vishvas Paradkar
VP of Technology & CIO$215,341$0$19,800$0$5,437$0$22,000$0$6$0$262,584$0$0$0
Paula S Sakey
Vice President for Institutional Advancement$244,306$0$22,100$0$1,220$0$24,500$0$1,389$0$293,515$0$0$0
Linda Shinomoto
VP for Human Resources (Until 10/9/19)$173,413$0$0$0$92,582$0$18,745$0$33,662$0$318,402$0$0$0
David Wahlstrom
Vice President for Business$186,289$0$17,800$0$2,724$0$19,700$0$25,179$0$251,692$0$0$0
Annamaria Wenner
VP Student Affairs & Dean of Students$166,897$0$15,300$0$769$0$17,000$0$8,465$0$208,431$0$0$0
John W Duggan
Dept. Chair Civil Engineering Technology$185,108$0$0$0$1,640$0$18,714$0$2,722$0$208,184$0$0$0
Carol Estes-Schwartz
Assoc. VP Institutional Advancement$179,835$0$4,081$0$1,599$0$17,983$0$0$0$203,498$0$0$0
Patrick F Hafford
Dean College of Arts & Sciences$191,342$0$16,202$0$2,408$0$17,674$0$21,936$0$249,562$0$0$0
Dianne K Plummer
Assoc. VP for Enrollment Management$170,964$0$0$0$1,541$0$17,455$0$3,327$0$193,287$0$0$0
Cindy P Stevens
Professor$241,552$0$0$0$467$0$16,000$0$8,465$0$266,484$0$0$0
Zorica Pantic
Former President$166,311$0$71,000$0$580,845$0$28,000$0$14,168$0$860,324$0$83,833$0
Eric Overstrom
Former Provost & Senior VP Acad. Affairs$171,131$0$0$0$185,950$0$17,893$0$21,710$0$396,684$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1aPresident Thompson and former President Pantic were provided with a $6,250 and $4,167 monthly housing allowance, respectively and the entire amounts were treated as taxable compensation. Interim VP for Human Resources Keeney was provided with temporary off campus housing and parking with a monthly value of approximately $5,000 which was treated as nontaxable compensation.
Schedule J, Part I, Line 1bThe amount of the housing allowance for the President and former President were included in a written employment contracts that were approved by the Executive Committee of the Board of Trustees. The amounts were determined partly based from salary surveys. The temporary off campus housing and parking provided to the Interim VP for Human Resources were pursuant to a written contract approved by the President.
Schedule J, Part I, Line 4Vice President for Human Resources Shinomoto received severance in the amount of $90,000 on November 14, 2019 as result of separation from the university on October 9, 2019. Former President Pantic received severance in the amount of $450,000 on May 31, 2019 as result of separation from the university on that date. In fiscal years 2016, 2017 and 2018 payments totaling $75,000 were made to a 457(f) Supplemental Executive Retirement Plan on behalf of former President Pantic. Such amounts, together with interest of $8,833, vested on May 31, 2019 and were reported as taxable compensation and the former President was entitled to and received 100% of the account in a single lump sum payment on this date. Payments made to the former President were made in accordance to a written employment contract that was approved by the Executive Committee of the Board of Trustees. Former Provost and Senior VP for Academic Affairs Overstrom received severance in the amount of $181,730 on July 11, 2019 as result of separation from the university on June 3, 2019.
Schedule J, Part I, Line 7Merit based compensation may be granted as either a salary increase or a one-time bonus. Qualifications for receiving a bonus include performance exceeding expectations or taking on additional duties due to staff vacancies or temporary absences. In the case of employees below the level of Division Heads, the bonus amount is determined by consultation between the Division Head and Human Resources. In the case of Division Heads and other Officers, the bonus amount (if any) is determined via the same process as other compensation for Officers and other key employees including review by the Executive Committee of the Board of Trustees.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

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

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

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

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

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

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

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

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

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

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part IV, Line 2c-02/15/2013 69,865,000 Massachusetts DevelopmentThe date of the last rebate computation was on March 10, 2020 and no rebate liability exists.
Schedule K, Part IV, Line 2c-04/09/2015 46,280,000 Massachusetts DevelopmentThe date of the last rebate computation was on May 13, 2020 and no rebate liability exists.
Schedule K, Part IV, Line 4b-02/15/2013 69,865,000 Massachusetts DevelopmentName of providers: Wells Fargo and RBS Citizens
Schedule K, Part IV, Line 4b-04/09/2015 46,280,000 Massachusetts DevelopmentName of providers: Morgan Stanley and Bank of New York
Schedule K, Part IV, Line 4c-02/15/2013 69,865,000 Massachusetts DevelopmentTerm of hedges: 31 Years and 10 Years

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Person-PersonNm
Relationship With Org-RelationshipWithOrgTxt
Cash Grant$8,495CashGrantAmt
Type Of AssistanceDependent scholarshipTypeOfAssistanceTxt
Assistance PurposeTuitionAssistancePurposeTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$25,805NoncashContributionsRptF990Amt
Method Of Determining RevenuesFair market valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescEquipment & ApparelDesc
Contribution164ContributionCnt
Noncash Contributions Rpt F990$10,371NoncashContributionsRptF990Amt
Method Of Determining RevenuesFair market valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule M, Part I, Line 9The university is disclosing the number of contributions of publicly traded securities. These contributions may be comprised of one or more securities.
Schedule M, Part I, Lines 25-28The university is disclosing the number of items received.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part V, Line 2aThe total number of employees includes faculty and staff of 1,153 and student employees of 1,294.
Form 990, Part VI, Section A, Line 2Trustee Gregory B. Janey and Trustee Ryan E. Hutchins have a business relationship.
Form 990, Part VI, Section A, Line 4On May 7, 2020, the Board of Trustees authorized the university to amend the Bylaws resulting in the following: The consolidation of existing board committees, reducing the current standing committees from nine to six to include: Executive Committee; Academic and Student Affairs Committee; Audit Committee; Advancement Committee; Resources Committee; and Trusteeship & Governance Committee. A reduction to the minimum number of meetings the board is required to hold per year from four to three meetings. Amendment to the language no longer requiring the Treasurer to serve as the Chair of the Finance Committee, and to now serve as a member of the newly-formed Resources Committee.
Form 990, Part VI, Section B, Line 11bA draft copy of the Form 990 is provided to all members of the university's Audit Committee for their review and approval prior to its filing. After approval by the Audit Committee, but before it is filed, the Form 990 is posted on the university's secure web portal for Trustees. All Trustees are sent an email to let them know that the Form 990 is available on the secure portal for their review.
Form 990, Part VI, Section B, Line 12cThe university annually distributes, via email and other electronic means, a copy of the conflict of interest policy and related disclosure forms. The university monitors the replies to ensure that it receives replies from all appropriate Trustees, Officers, Faculty and Staff per the requirements of the policy. Disclosures of potential conflicts of interest are reported to the Audit Committee for disposition. The policy also reminds all individuals that they are required to disclose any potential conflicts of interest that may arise at any time after completion of the disclosure form. When an actual or potential conflict of interest is found to exist, the conflicted individual may be prohibited from participating in deliberations and decisions relating to their transaction.
Form 990, Part VI, Section B, Line 15Compensation of the Officers and other key employees of the university must allow Wentworth to attract the best individuals for each position. That compensation shall be reviewed by the Executive Committee of the Board of Trustees to ensure that compensation packages are appropriate in the marketplace, that the university has a rebuttable presumption of reasonableness, and that the university does not violate the intermediate sanctions provisions of the Internal Revenue Code. In order to determine market value, Wentworth hired compensation consultants in 2017 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/Assistant Treasurer works with the Executive Committee to approve the President's salary. The Executive Committee shall document in the minutes of the meeting all actions taken and data used to determine salary. Once the Executive Committee makes the recommendations for the Officers, the President will inform the Human Resources Department to implement the changes. The Vice President of Finance/CFO will submit the salary recommendations for the President to the Human Resources Department.
Form 990, Part VI, Section C, Line 19The university's Form 990 and audited financial statements are available via the Massachusetts Attorney General's website. The governing documents and conflict of interest policy are available upon written or electronic request.
Form 990, Part XI, Line 9Unrealized loss on interest rate swaps $3,696,313.