2021-05-10T08:43:28-05:00 2020-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2019-07-01 042108376 WESTERN NEW ENGLAND UNIVERSITY % RICHARD A WAGNER WEST 4137821219 1215 Wilbraham Road Springfield MA 01119 RICHARD A WAGNER VP FINANCE & ADMIN 4137821219 2021-05-07 true SMITA BALIGA P01643271 6179881000 2021-05-04 2019 2022-09-23 18:48:47Z Robert Johnson 1215 Wilbraham Road Springfield MA 01119 165030014 false X WWW.WNE.EDU X 1951 MA SEE SCHEDULE O 36 34 2399 973 0 0 5159954 7257442 149847695 150590193 4043270 2496653 904173 1015610 159955092 161359898 49810778 53630867 0 0 69395117 70838642 19800 0 910752 37325722 35782095 156551417 160251604 3403675 1108294 252693333 250629088 123370389 123478165 129322944 127150923 X SEE SCHEDULE O false false 99808216 46002635 100835877 THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE APPROXIMATELY 2,700 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 40 STATES, U.S. VIRGIN ISLANDS, BERMUDA, AND 26 FOREIGN COUNTRIES. STUDENTS ARE OFFERED AN OPPORTUNITY TO STUDY IN APPROXIMATELY 50 UNDERGRADUATE PROGRAMS. 25844322 7628232 32219480 IN ADDITION TO A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS A NUMBER OF GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. THE UNIVERSITY ALSO OFFERS PH.D PROGRAMS IN BEHAVIORAL ANALYSIS AND ENGINEERING MANAGEMENT AND A DOCTORAL PROGRAM IN OCCUPATIONAL THERAPY. 16969672 18257765 THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES AND PROFESSIONAL STUDENTS THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 1,500 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. 142622210 true true false false false false false false true true true true false false true true true false true false true false true false true false false false true true true false false false false false false false false true false true false false false false true true false false true 210 0 true 2399 true false false false false false true true false false false false false false X 36 34 false false false false false false false true true false false true true true true true true true true false MA X X X RICHARD A WAGNER 4137821219 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 DR ANTHONY S CAPRIO PRESIDENT 40.0 0.0 X X 643520 0 34597 S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 40.0 0.0 X 227792 0 29517 DR LINDA E JONES VP FOR ACADENUC AFFAIRS 40.0 0.0 X 227096 0 22238 SUDHA SETTY DEAN, SCHOOL OF LAW 40.0 0.0 X 230888 0 16980 FREDERICK D ROYAL ASSOC. DEAN, LLM, PROF. OF LAW 40.0 0.0 X 218319 0 19388 SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 40.0 0.0 X 214950 0 18746 ERIC J GOUVIN PROFESSOR OF LAW 40.0 0.0 X 197838 0 29440 RICHARD A WAGNER VP FIN & ADMIN 40.0 0.0 X 184772 0 28374 WENDY A BENSON TRUSTEE (AS OF 7/1/19) 1.0 0.0 X 0 0 0 MARK L BERTHIAUME TRUSTEE 1.0 0.0 X 0 0 0 NEVILLE S BOGLE TRUSTEE 1.0 0.0 X 0 0 0 JOHN J BRENNAN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 RHEO BROUILLARD TRUSTEE 1.0 0.0 X 0 0 0 JANET J BULLARD TRUSTEE 1.0 0.0 X 0 0 0 THOMAS R BURTON TRUSTEE 1.0 0.0 X 0 0 0 CARMEL A CARAMAGNA TRUSTEE 1.0 0.0 X 0 0 0 RICHARD M CASSATA TRUSTEE 1.0 0.0 X 0 0 0 ROBERT W CLARKE SECRETARY 1.0 0.0 X X 0 0 0 ALEXANDER M CORL TRUSTEE 1.0 0.0 X 0 0 0 KEVIN S DELBRIDGE TRUSTEE 1.0 0.0 X 0 0 0 DIANNE F DOHERTY TRUSTEE 1.0 0.0 X 0 0 0 ROCCO J FALCONE II TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J FLYNN TRUSTEE 1.0 0.0 X 0 0 0 DENIS G GAGNON TRUSTEE 1.0 0.0 X 0 0 0 MARSHALL A HART JR TRUSTEE 1.0 0.0 X 0 0 0 DIANE E HOLMAN TRUSTEE (AS OF 7/1/19) 1.0 0.0 X 0 0 0 DIANA H HORAN TRUSTEE 1.0 0.0 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.0 0.0 X 0 0 0 STANLEY KOWALSKI III TRUSTEE 1.0 0.0 X 0 0 0 NICHOLAS LAPIER TRUSTEE 1.0 0.0 X 0 0 0 DR BARBARA A LENK TRUSTEE 1.0 0.0 X 0 0 0 AMY B LEWIS TRUSTEE 1.0 0.0 X 0 0 0 DENNIS M LIND TRUSTEE 1.0 0.0 X 0 0 0 KENNETH M RICKSON CHAIRMAN 1.0 0.0 X X 0 0 0 STEPHEN J ROURKE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT E SALAD TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH K SAREMI TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL A SERAFINO TRUSTEE 1.0 0.0 X 0 0 0 ROBERT B STEIN JR TRUSTEE 1.0 0.0 X 0 0 0 PETER STEINGRABER TRUSTEE 1.0 0.0 X 0 0 0 GARY F THOMAS TREASURER 1.0 0.0 X X 0 0 0 STEVEN J TREMBLAY TRUSTEE (AS OF 7/1/19) 1.0 0.0 X 0 0 0 ALLISON P WERDER TRUSTEE (UNTIL 4/20/20) 1.0 0.0 X 0 0 0 KATHLEEN A WHITE TRUSTEE 1.0 0.0 X 0 0 0 2145175 0 199280 115 false true false ARAMARK CORPORATIONS PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 5949375 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 ERP IMPLEMENTATION 892535 MARKET MENTORS LLC 155 BROOKSIDE DR SPRINGFIELD MA 01104 MARKETING AND ADVERT 260042 3 ENROLLMENT MARKETING INC 352 MAIN ST 333 ONEONTA NY 13820 ENROLLMENT MARKETING 252940 PETER PAN BUS LINES INC UNION STATION STE 300 ONE PETER PA SPRINGFIELD MA 01103 TRANSPORTATION SERV. 228923 11 49200 3934564 3273678 144829 7257442 TUITION AND FEES 611710 131595605 131595605 AUXILLIARY SALES AND SERVICES 611710 18257765 18257765 INTEREST ON STUDENT LOAN 611710 150006 150006 SPONSORED PROGRAMS 611710 586817 586817 150590193 972769 972769 0 0 38013 38013 131115 131115 0 131115 131115 5172371 2500 3646517 4470 1525854 -1970 1523884 1523884 21785 49200 19129 2656 2656 0 0 0 0 0 0 STUDENT/ALUMNI FUNDRAISING INCOME 611710 406191 406191 EVENTS REGISTRATION 611710 90161 90161 COMMISSIONS 611710 9602 9602 337872 226577 111295 843826 161359898 151313122 2789334 0 52682342 52682342 948525 948525 0 1288709 250703 998243 39763 83913 83913 51279840 43786396 6968873 524571 3110602 2606581 470681 33340 10865050 8975982 1747630 141438 4210528 3528282 637117 45129 0 296276 296276 132070 132070 0 0 235748 235748 6824704 6200433 616311 7960 1159482 521975 598953 38554 3300324 2795663 464405 40256 1878346 879595 998751 0 3596977 3196978 399999 1055178 1003430 43779 7969 0 1234536 1158178 67024 9334 4516100 4355132 160968 0 8414625 7937231 477127 267 510669 100018 410651 MAINTENANCE AND REPAIRS 894974 813224 81750 NON-CAPITALIZED EQUIPMENT 388334 190798 181170 16366 MEMBERSHIP AND DUES 281563 177844 97914 5805 OTHER EXPENSES 1062189 428987 633202 160251604 142622210 16718642 910752 0 0 18156385 23611755 3636948 2823560 1275827 1150432 0 0 0 0 3877987 3141814 22356 27634 3494787 2678247 292321550 143599909 153724239 148721641 45029808 44350129 23024914 24123876 0 0 0 0 450082 0 252693333 250629088 9844349 10849867 2762507 2362038 7109549 8114576 99986440 98814196 2388994 2706530 0 0 0 0 0 0 1278550 630958 123370389 123478165 X 88761610 85849768 40561334 41301155 129322944 127150923 252693333 250629088 X 1108294 -2077864 -1202451 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 56682994 1917134 222904 2687799 35176 194915 55905142 52938044 3478912 2842872 2379255 29085 168494 56682994 50581333 366117 4546097 2366321 24872 164310 52938044 45636232 555601 6896001 2317466 32186 156849 50581333 48878892 1322868 -2217819 2144344 47165 156200 45636232 0.42000 0.58000 0.00000 false false 4525765 4525765 228442002 98911388 129530614 59183966 44688521 14495445 169817 169817 148721641 HEDGE FUNDS 11529233 F INVESTMENTS HELD IN TRUST 735803 F REAL ESTATE FUND 4769465 F LONG/SHORT EQUITY INVESTMENTS 7089375 F 24123876 0 DEPOSITS 548827 CAPITAL LEASE OBLIGATION 82131 630958 X 157843835 -2077864 -1202451 -3280315 161124150 235748 235748 161359898 160015856 160015856 235748 235748 160251604 PART IV, LINE 2B AGENCY FUNDS ARE HELD BY THE UNIVERSITY AS A CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR STUDENT OR PARENT BASED ORGANIZATIONS AND ORIGINATE FROM THE COLLECTION OF ACTIVITY FEES, DUES OR FUNDRAISING EFFORTS. THE FUNDS ARE DEPOSITED WITH THE UNIVERSITY FOR SAFEKEEPING AND CAN BE SUBSEQUENTLY USED OR WITHDRAWN BY THE DEPOSITOR UPON THE SUBMISSION OF PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THE FUND PRIMARILY SUPPORT STUDENT CLUBS AND ACTIVITIES. EACH AGENCY FUND EXISTS AS A UNIQUE COST CENTER WITHIN THE UNIVERSITY'S FINANCIAL SYSTEM AND PROVIDES A METHOD FOR ACCOUNTING FOR AND ADMINISTERING THESE FUNDS. PART V, LINE 4 THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO CLARIFY, IN WRITING, ANY AMBIGUITY ON GIFTS TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. APPROXIMATELY 42% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. THE MAJORITY OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD-APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER ROLLING AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2020 WAS 4.80%. PART X, LINE 2 IN NOVEMBER 1956, THE UNIVERSITY WAS GRANTED EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS AT JUNE 30, 2020 AND 2019. PART XI, LINE 2D OTHER AMOUNTS INCLUDED ON FINANCIAL STATEMENTS BUT NOT ON FORM 990 CHANGE IN SPLIT INTEREST AGREEMENTS $ (22,684) OTHER NON-OPERATING CHANGES $ (1,179,767) TOTAL $ (1,202,451) true true true true true true true false false false false false false false false true false true PART I, LINE 3 WESTERN NEW ENGLAND UNIVERSITY'S NONDISCRIMINATION POLICY IS SPECIFICALLY STATED IN THEIR BY-LAWS AND IS INCLUDED IN ALL PRINTED MATERIALS. The policy is posted to the University's website www.wne.edu. PART I, LINE 6 GOVERNMENT AID FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSISTS OF US DEPARTMENT OF EDUCATION FINANCIAL AID, STATE OF MASSACHUSETTS FINANCIAL AID, AND FEDERAL AND STATE RESEARCH AND DEVELOPMENT GRANT FUNDS. true Central America and the Caribbean 0 0 Program Services UNDERGRAD EDUCATION 21504 East Asia and the Pacific 0 0 Program Services UNDERGRAD EDUCATION 271975 Europe (Including Iceland and Greenland) 0 0 Program Services UNDERGRAD EDUCATION 417512 Middle East and North Africa 0 0 Program Services UNDERGRAD EDUCATION 208453 North America 0 0 Program Services UNDERGRAD EDUCATION 47256 Russia and the Newly Independent States 0 0 Program Services UNDERGRAD EDUCATION 18000 South Asia 0 0 Program Services UNDERGRAD EDUCATION 116113 Sub-Saharan Africa 0 0 Program Services UNDERGRAD EDUCATION 69322 Central America and the Caribbean 0 0 Investments 11529232 0 0 0 0 12699367 12699367 INSTITUTIONAL SCHOLARSHIP Central America and the Caribbean 1 20000 ACCT. CREDIT INSTITUTIONAL Scholarship East Asia and the Pacific 9 151000 ACCT. CREDIT INSTITUTIONAL Scholarship Europe (Including Iceland and Greenland) 18 364194 ACCT. CREDIT INSTITUTIONAL Scholarship Middle East and North Africa 20 182996 ACCT. CREDIT INSTITUTIONAL Scholarship North America 3 46366 ACCT. CREDIT INSTITUTIONAL Scholarship Russia and the Newly Independent States 1 18000 ACCT. CREDIT INSTITUTIONAL Scholarship South Asia 8 96700 ACCT. CREDIT INSTITUTIONAL SCHOLARSHIP Sub-Saharan Africa 3 69269 ACCT. CREDIT false false true true false true PART I, LINE 2 MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. INSTITUTIONAL FINANCIAL AID GRANTS ARE AWARDED TO FOREIGN STUDENTS CONSISTENT WITH THE UNIVERSITY'S FINANCIAL AID POLICIES AND RECRUITMENT TARGETS. ALL FINANCIAL AID GRANTS ARE APPLIED DIRECTLY TO EACH RECIPIENT'S STUDENT ACCOUNT. INTERNATIONAL STUDENTS MUST BE IN GOOD STANDING TO RECEIVE AND MAINTAIN THEIR AWARDS ACCORDING TO THE TERMS, CONDITIONS AND ELIGIBILITY REQUIREMENTS ASSOCIATED WITH EACH AWARD. FINANCIAL AID ACTIVITY IS POSTED TO STUDENT ACCOUNTS AND THE GENERAL LEDGER VIA A FINANCIAL AID TRANSMITTAL PROCESS. FINANCIAL AID, STUDENT ACCOUNTS AND GENERAL LEDGER RECORDS ARE RECONCILED ON AN ONGOING BASIS THROUGH A COLLABORATIVE EFFORT OF STAFF FROM THE FINANCIAL AID OFFICE, BURSAR'S OFFICE AND CONTROLLER'S OFFICE. PART I, LINE 3 FOREIGN EXPENDITURES AND INVESTMENTS EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2020, IN ACCORDANCE WITH US GAAP. BRUCE BERG CONSULTING false Athletics-Golf 70985 49200 21785 2968 10904 4725 532 0 70985 49200 21785 2968 10904 4725 532 19129 2656 true SEOG FEDERAL FINANCIAL AID 444 465686 INSTITUTIONAL SCHOLARSHIP 2409 50903421 FEDERAL CARES HEERF EMERGENCY AID 968 1313235 PART I, LINE 2 MONITOR THE USE OF GRANT FUNDS IN U.S. ALL GRANT FUNDS ARE MONITORED BY AT LEAST TWO DIFFERENT DEPARTMENTS WHICH CREATES CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED ON A MONTHLY BASIS. Part III, Line 3 FEDERAL CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) EMERGENCY STUDENT AID The University received certain funding under the CARES Act to provide aid to students during the year that ended June 30, 2020. The University was awarded $1,342,302 from the Higher Education Emergency Relief Fund (HEERF) for this purpose. The funds were used for emergency financial aid grants to students under the 18004(a)(1) Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The University disbursed $1,313,235 to students as of June 30, 2020 to assist the students in their transition to remote learning with the remaining $29,067 to be utilized in fiscal year 2021. X X true true X X X X false false false false false false false true false DR ANTHONY S CAPRIO PRESIDENT 571270 0 41300 0 30950 0 19600 0 14997 0 678117 0 0 0 S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 227000 0 0 0 792 0 16520 0 12997 0 257309 0 0 0 DR LINDA E JONES VP FOR ACADENUC AFFAIRS 226304 0 0 0 792 0 16090 0 6148 0 249334 0 0 0 SUDHA SETTY DEAN, SCHOOL OF LAW 230708 0 0 0 180 0 16150 0 830 0 247868 0 0 0 FREDERICK D ROYAL ASSOC. DEAN, LLM, PROF. OF LAW 216754 0 0 0 1565 0 13547 0 5841 0 237707 0 0 0 SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 214553 0 0 0 397 0 12972 0 5774 0 233696 0 0 0 ERIC J GOUVIN PROFESSOR OF LAW 197322 0 0 0 516 0 14443 0 14997 0 227278 0 0 0 RICHARD A WAGNER VP FIN & ADMIN 183248 0 0 0 1524 0 13377 0 14997 0 213146 0 0 0 SCHEDULE J, PART I, LINES 1A AND 1B BENEFITS THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IS REIMBURSED FOR SNOW REMOVAL AND LAWN CARE. THE PRESIDENT'S HOUSING ALLOWANCE IS INCLUDED IN HIS TAXABLE COMPENSATION. THE PRESIDENT SUBMITS RECEIPTS AND IS REIMBURSED FOR HIS SNOW REMOVAL AND LAWN CARE EXPENSES THROUGH PAYROLL AS A TAXABLE REIMBURSEMENT. THE INFORMATION IS REPORTED TO PAYROLL AND IS ADDED TO HIS COMPENSATION AND TAXED ACCORDINGLY. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES THE SNOW REMOVAL AND LAWN CARE EXPENSE REIMBURSEMENT. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A MEMBERSHIP TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE INSTITUTION; THUS, THE UNIVERSITY PAYS FOR A MEMBERSHIP AND RELATED EXPENSES TO ONE SOCIAL CLUB. THE MEMBERSHIP AND RELATED EXPENSES ARE FOR USE OF UNIVERSITY BUSINESS ONLY AND ARE PAID THROUGH ACCOUNTS PAYABLE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES ALL EXPENSES RELATING TO THIS. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. SCHEDULE J, PART I, QUESTION 7 NON-FIXED PAYMENTS ANTHONY S. CAPRIO RECEIVED A BONUS OF $41,300 UNDER THE VARIABLE CASH COMPENSATION PLAN FOR THE PRESIDENT. THE PLAN IS DESIGNED TO RECOGNIZE THE INEQUITY IMPOSED ON HIGHER COMPENSATED INDIVIDUALS AS A RESULT OF THE IRS LIMIT ON QUALIFIED PLANS. THE VARIABLE CASH COMPENSATION CALCULATION IS THE DIFFERENCE BETWEEN BASE COMPENSATION FOR THE PRIOR FISCAL YEAR AND THE CURRENT YEAR IRS COMPENSATION LIMIT IMPOSED UNDER CODE SECTION 401(A)(17). THE RATE APPLIED TO THE DIFFERENCE CALCULATED IS DETERMINED ANNUALLY BY THE UNIVERSITY COMPENSATION SUB-COMMITTEE. THE RATE IS BASED ON PERFORMANCE AND IS NOT TO EXCEED 20%. A MDFA - SERIES 2008 - REISSUED 2012 043431814 000000000 2008-05-29 5000000 CONSTRUCTION - LAW SCHOOL ADDIT false false false B MDFA - SERIES 2015 043431814 57584XHE4 2015-12-22 39201607 REFUND ISSUE 10/19/05, NEW DIN HL false false false C MDFA - SERIES 2018 043431814 57584YHJ1 2018-06-20 61551133 REFUND ISSUE 11/9/09, 12/20/11,NEW false false false A 2520641 0 5000000 0 0 0 61819 0 0 4938181 0 0 2008 false false true true B 2290000 0 39201607 0 0 0 462177 0 0 8079556 30659874 0 2017 true false true true C 0 0 61551133 0 0 0 669480 0 0 18032220 42849433 0 2018 true false true true A false false true true false 0 false false false true B false false true true false 0 false false false true C false false true true false 0 false false false true A false true true false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true PART III, QUESTION 3A FOR BONDS A, ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. PART IV, QUESTION 2C DATE OF REBATE COMPUTATION THE REBATE COMPUTATIONS WERE PERFORMED AS FOLLOWS: MDFA SERIES 2008 - REISSUED 2012 - CALCULATION COMPLETED ON 10/30/2017 AND THE 6 MONTH SPENDING EXCEPTION ALSO APPLIES. MDFA SERIES 2015 - INTERIM CALCULATION COMPLETED ON 12/22/2019, NOT DUE UNTIL 12/20/2020. MDFA SERIES 2018 - INTERIM CALCULATION COMPLETED ON 6/20/2020, NOT DUE UNTIL 06/20/2023. Y BOGLE SPOUSE OF TRUSTEE 83913 EMPLOYMENT false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 5737045 FOOD SERVICE VENDOR false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 116956 BOOKSTORE VENDOR false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 123422 EXTERNAL LEGAL COUNSEL false X 9 143829 Average Market Value X Equipment 1 1000 ACTUAL INVOICE false true false Form 990, Part I, LINE 1 ABBREVIATED MISSION STATEMENT THE UNIVERSITY IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY, LAW AND OCCUPATIONAL THERAPY. Form 990, Part III, Line 1 ORGANIZATION'S MISSION STATEMENT WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, AND PHARMACY AND HEALTH SCIENCES, AND SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, ENGINEERING, AND SOCIAL WORK, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM-SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE POSITIONED WELL TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. OUR CORE VALUES: *EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP, UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. *STUDENT-CENTERED LEARNING, PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. *A SENSE OF COMMUNITY, TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. *CULTIVATION OF A PLURALISTIC SOCIETY, CELEBRATING THE DIVERSITY OF OUR COMMUNITY, LOCALLY AND GLOBALLY, AND CREATING A COMMUNITY THAT FOSTERS TOLERANCE, INTEGRITY, ACCOUNTABILITY, CITIZENSHIP, AND SOCIAL RESPONSIBILITY. *INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION, CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. *COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE, PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. *STEWARDSHIP OF OUR CAMPUS, CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. OUR VISION FOR APPROACHING OUR SECOND CENTURY: IN 2019 WESTERN NEW ENGLAND UNIVERSITY CELEBRATED ITS CENTENNIAL AS AN INSTITUTION OF HIGHER EDUCATION. OUR FOCUS WILL CONTINUE TO BE ON THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF A DIVERSE AND GLOBAL SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. OUR NEXT DECADE WILL BE MARKED BY A CONTINUED DEDICATION TO EXCELLENCE, VISIONARY THINKING, FLEXIBILITY, AND ENTREPRENEURIAL SPIRIT. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF REGIONAL LEADERSHIP AND NATIONAL RECOGNITION. Form 990, Part VI, Line 11a FORM 990 REVIEW PROCESS THE TRUSTEE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH THE UNIVERSITY'S SECURE ONLINE WEBSITE. THE ENTIRE RETURN IS AVAILABLE THROUGH THE SECURE ONLINE WEBSITE AND THE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS THE RETURN IN AN OPEN FORUM THAT IS VIEWED BY ALL. ONCE THE COMMITTEE REVIEWS THE RETURN TO ENSURE COMPLIANCE WITH FILING REQUIREMENTS, THE FULL BOARD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c CONFLICT OF INTEREST POLICY THE UNIVERSITY ASKS BOTH TRUSTEES AS WELL AS ADMINISTRATIVE EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE TRUSTEES' STATEMENTS ARE REVIEWED BY IN-HOUSE COUNSEL. IF ANY ISSUES AND/OR CONCERNS ARE FOUND, THE IN-HOUSE COUNSEL BRINGS THE MATTER FORWARD, AS APPROPRIATE, TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. EACH YEAR ALL ADMINISTRATIVE STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE FORWARDED TO THE HUMAN RESOURCE DEPARTMENT FOR REVIEW. ANY POTENTIAL CONFLICTS ARE BROUGHT FORWARD AS APPROPRIATE. Form 990, Part VI, Line 15a & 15B COMPENSATION 15A. THE COMPENSATION REVIEW PROCESS FOR THE PRESIDENT IS CONDUCTED THROUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MEETS DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE RELATIVE TO THE PRIOR YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE PERIODICALLY ENGAGES A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY IS ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO BENCHMARKED PEER INSTITUTIONS. PEER INSTITUTIONS ARE DEFINED ACCORDING TO MEASURES UTILIZING INSTITUTIONAL ORGANIZATIONAL COMPLEXITY SUCH AS SIZE AND BREADTH OF PROGRAMMING. ADDITIONALLY, THE SUB-COMMITTEE RELIES ON INTERNAL DATA REGARDING COMPENSATION CHANGES BEING CONSIDERED FOR OTHER UNIVERSITY POSITIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALULATION. THE MINUTES OF THE COMPENSATION SUB-COMMITTEE AND EXECUTIVE COMMITTEE ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THESE MINUTES, WITH MOTIONS FOR COMPENSATION PACKAGES, ARE MAILED TO ALL TRUSTEES. FOR THE CURRENT TAX REPORTING YEAR, A COMPENSATION INCREASE OF 1% WAS PROVIDED TO THE PRESIDENT, CONSISTENT WITH THE PROCESS IDENTIFIED ABOVE. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION, THE COMMITTEE RELIES ON APPROPRIATE INTERNAL AND EXTERNAL DATA AS TO BOTH COMPENSATION LEVEL AND COMPENSATION CHANGE PRIOR TO MAKING ITS DETERMINATION, AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B. THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS MOST HEAVILY MEASURED AGAINST THE PERFORMANCE OF THE INDIVIDUALS AND CONTEMPORANEOUS PUBLISHED SALARY DATA FROM THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE INSTITUTIONS WITHIN THE SAME CARNEGIE CATEGORIES AS THE UNIVERSITY. THE PRESIDENT DETERMINES ANY INCREASES BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. HE REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. Form 990, Part VI, Line 19 PUBLIC DISCLOSURE THE IRS FORM 990 IS AVAILABLE UPON REQUEST FROM THE UNIVERSITY. IT IS POSTED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS, ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THIS OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCE CHANGE IN SPLIT INTEREST AGREEMENTS $ (22,684) OTHER NON-OPERATING CHANGES $ (1,179,767) TOTAL $ (1,202,451) CHARITABLE REMAINDER TRUSTS (3) 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 CHARITABLE TR MA NA Trust true false false false false false false false false false false false false false false false false false false false