2020-05-11T10:22:31-05:00 2019-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2018-07-01 042103585 LASELL UNIVERSITY LASE 6172432000 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 BASIL STEWART VP FOR FINANCE & ADMIN/CFO 6172432100 2020-04-24 1 CRAIG KLEIN P00734640 6177610600 2020-04-24 207.172.72.163 2020-04-24 07:33:01 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-09-23 17:36:50Z MICHAEL B ALEXANDER 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 97535093 0 X WWW.LASELL.EDU X 1851 MA WE IMMERSE STUDENTS IN EXPERIENTIAL AND COLLABORATIVE LEARNING THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION AND SOCIAL RESPONSIBILITY. 20 20 1255 150 0 0 3386724 6055637 86948917 86611057 2446930 1929714 221833 218604 93004404 94815012 31262065 32797495 0 0 33068630 33014162 22081 0 1708629 28144653 29068182 92497429 94879839 506975 -64827 149980732 148280077 78765016 77927807 71215716 70352270 X WE IMMERSE STUDENTS IN EXPERIENTIAL AND COLLABORATIVE LEARNING THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION AND SOCIAL RESPONSIBILITY. 0 0 82846857 32797495 83312717 LASELL UNIVERSITY IS A COMPREHENSIVE COEDUCATIONAL UNIVERSITY WHICH OFFERS PROFESSIONALLY ORIENTED BACHELOR'S AND MASTER'S DEGREE PROGRAMS, INCLUDING MORE THAN 25 ACADEMIC MAJORS.OUR STUDENTS ARE GIVEN THE OPPORTUNITY TO PRACTICE AND PREPARE FOR THE REAL WORLD THROUGH A PROJECT-BASED AND PROBLEM-BASED APPROACH TO TEACHING, THROUGH EXPOSURE TO DIVERSE CULTURES AND PEOPLES, THROUGH THE DEVELOPMENT OF CRITICAL SKILLS SUCH AS WRITING AND SPEAKING IN FRONT OF GROUPS, AND THROUGH CONFRONTATION WITH ETHICAL AND MORAL QUESTIONS.LASELL UNIVERSITY IS KNOWN FOR HELPING STUDENTS MAKE THE CONNECTION BETWEEN CLASSROOM LESSONS AND REAL LIFE THROUGH HANDS-ON ACTIVITIES SUCH AS INTERNSHIPS, PRACTICA, SERVICE LEARNING, AND MEANINGFUL PROJECTS. CONNECTED LEARNING AT LASELL UNIVERSITY INVOLVES STUDENTS DIRECTLY AND ACTIVELY IN THE FIELDS THEY ARE LEARNING. IN ALL MAJORS, STUDENTS EXPLORE REAL ISSUES, EVENTS, PROBLEMS, AND SOLUTIONS. LASELL UNIVERSITY FACULTY ARE COMMITTED TO CREATIVELY INTEGRATING CHALLENGING COURSEWORK WITH PRACTICAL EXPERIENCE IN AN ENVIRONMENT THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION, ACTIVE CITIZENSHIP AND SOCIAL RESPONSIBILTIY. 1359514 2242106 PROVIDED MANAGEMENT AND EDUCATIONAL SERVICES AND LEASED LAND TO LASELL VILLAGE, INC., A TAX-EXEMPT AFFILIATE, FUNCTIONS THAT ARE INTEGRAL TO THE CONDUCT OF THE EXEMPT FUNCTIONS OF LASELL VILLAGE, INC. 440495 501615 PROVIDED COLLABORATIVE POLICE AND INFORMATION TECHNOLOGY SERVICES WITH TWO OTHER LOCAL COLLEGES, FUNCTIONS THAT ARE INTEGRAL TO THE CONDUCT OF THE EXEMPT FUNCTIONS OF THOSE UNIVERSITIES, WITH THE GOAL OF PROVIDING QUALITY SERVICES TO EACH COLLEGE CAMPUS IN A COST EFFECTIVE MANNER. 612561 554619 PROVIDED FACILITIES FOR OTHER EDUCATIONAL ORGANIZATIONS TO CONDUCT EDUCATIONAL PROGRAMS AND TO PROVIDE HOUSING TO STUDENTS. 612561 554619 85259427 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 2485 0 1 1255 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AK MD MI NH NY OR SC KY X X X BASIL A STEWART VPFINANADMINC 6172432420 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 KEON HOLMES CHAIR 1.00 0.00 X X 0 0 0 GERRY DEROCHE VICE CHAIR 1.00 0.00 X X 0 0 0 PETER SCHULTE TREASURER 1.00 0.00 X X 0 0 0 LORI HINDLE CLERK 1.00 0.00 X X 0 0 0 RICHARD K BLANKSTEIN TRUSTEE 1.00 0.00 X 0 0 0 RENA CLARK TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL CONNOR TRUSTEE 1.00 0.00 X 0 0 0 ERIK COSTIN TRUSTEE 1.00 0.00 X 0 0 0 JOHN DORAN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN RINKLIN DUNNE TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH ESTABROOK TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA FLATLEY TRUSTEE (THROUGH 2/19) 1.00 0.00 X 0 0 0 IRWIN GRUVERMAN TRUSTEE 1.00 0.00 X 0 0 0 DAVID HILL TRUSTEE 1.00 0.00 X 0 0 0 BRAD KATES TRUSTEE 1.00 0.00 X 0 0 0 JOE MARAIA TRUSTEE 1.00 0.00 X 0 0 0 DAVID MCINNIS TRUSTEE 1.00 0.00 X 0 0 0 LAURIE SAMUELS PASCAL TRUSTEE 1.00 0.00 X 0 0 0 HEIDI HANSON RAFFONE TRUSTEE 1.00 0.00 X 0 0 0 DEBBIE KIMERLING SCHNEIDER TRUSTEE 1.00 0.00 X 0 0 0 KARL VASILOFF TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL B ALEXANDER PRESIDENT 40.00 10.00 X 412774 0 102306 DR MICHAEL J HOYLE THRU 419 ASST TREASURER; VP ADMIN & FINANCE 40.00 10.00 X 216001 0 38125 HENRY PUGH ASSISTANT CLERK/ EXEC. ASSISTANT 40.00 0.00 X 68437 0 27657 DR KATHLEEN M O'CONNOR VP, ENROLLMENT MANAGEMENT 40.00 0.00 X 214000 0 39051 DR JAMES M OSTROW VP, ACADEMIC AFFAIRS 40.00 0.00 X 210061 0 37406 DIANE M AUSTIN VP, STUDENT AFFAIRS 40.00 0.00 X 159901 0 22029 ANNE E DOYLE VP, LASELL VILLAGE 10.00 40.00 X 233093 0 19747 ERIC TURNER VP, GRADUATE & PROF. STUDIES 40.00 0.00 X 195697 0 24934 1709964 0 311255 35 0 1 0 COMPASS GROUP USA 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICES 4058853 COMMODORE BUILDERS CORP 404 WYMAN STREET SUITE 400 WALTHAM MA 02451 CONSTRUCTION SERVICES 2548303 GCA SERVICES GROUP 1350 EUCLID AVE SUITE 1500 CLEVELAND OH 44115 HOUSEKEEPING SERVICES 982534 D & S LANDSCAPING & EXCAVATING INC 498 PLEASANT STREET WATERTOWN MA 02472 LANDSCAPING 507966 WING PRESS INC 59 RR BEAVER STREET FRAMINGHAM MA 01702 MARKETING SERVICES 376468 35 747789 5307848 2955109 6055637 TUITION & FEES 611310 61857846 61857846 ROOM & BOARD 611310 18594301 18594301 MGMT FEE/RENT FROM TAX-EXEMPT AFF 561499 2242106 2242106 CONNECTED LEARNING/ED. 611710 1948104 1948104 COLLABORATIONS WITH COLLEGES 611710 501615 501615 1467085 961330 505755 86611057 869629 869629 135686 52012 83674 83674 83674 3715723 605 2656243 0 1059480 605 1060085 1060085 39478 1948 37530 37530 13924 9878 4046 4046 MISCELLANEOUS INCOME 900099 85659 85659 ALUMNI EVENTS 900099 7695 7695 93354 94815012 86198656 0 2560719 31984219 31984219 813276 813276 835006 615049 219957 26174732 20344798 4991952 837982 1183017 845712 316545 20760 2847138 1956410 771585 119143 1974269 1440302 464681 69286 131551 131551 118197 118197 166452 166452 1862020 1132934 693470 35616 926949 906514 20435 2379463 1580319 689581 109563 1390202 400799 958583 30820 6095719 770028 5325691 960118 842383 83529 34206 79097 59278 15394 4425 2864867 2784743 80124 5692950 5021389 588938 82623 207541 20079 187462 CAFETERIA FOOD SERVICE 3727775 3727775 ANNUITY PAYMENTS 77574 77574 PROFESSIONAL DEVELOPMEN 68923 39952 28872 99 ALLOCATION OF OPERATION 0 8714631 -8766253 51622 2318784 1873886 352371 92527 94879839 85259427 7911783 1708629 23679 24658 2960060 2739789 2916740 2622833 3263037 2705849 80 269 1062173 719710 158066978 62881846 97906010 95185132 38558810 38523872 128411 2890279 414263 431634 2747469 2436052 149980732 148280077 5831905 5494455 11138480 11009112 56223289 54706082 5571342 6718158 78765016 77927807 X 54414571 50691985 0 0 16801145 19660285 71215716 70352270 149980732 148280077 X -64827 -64779 -733840 X 0 1 X 1 1 1 X 1892288 5337977 5222736 3386724 6055637 21895362 1892288 5337977 5222736 3386724 6055637 21895362 3710414 18184948 1083068 1024952 983350 1067030 1005315 5163715 455668 561835 447514 577258 559157 2601432 29660509 424814190 0.61310 0.60330 X FORM 990, SCHEDULE A, PART I, LINE 7: THE BASIS OF THE COLLEGE'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 2.20 0 0 1 1 0.00 0 1 35719428 3928371 1760991 190580 2030102 67037 39121071 33920054 536750 2835708 180720 1583093 -190729 35719428 36358968 410416 5082471 140361 7620668 170772 33920054 37805340 312135 -263745 133323 1257128 104311 36358968 37620734 351919 1311083 124231 1294135 60030 37805340 0.56600 0.22150 0.21250 1 0 1821618 1821618 133164107 48478685 84685422 11929184 9630601 2298583 3828012 7324057 4772560 6379509 95185132 FMV INTEREST RATE SWAPS 5417368 REFUNDABLE ADVANCES - PERKINS LOAN PROGRAM 328250 CONDITIONAL ASSET RETIREMENT OBLIGATION 53000 ANNUITY OBLIGATIONS 371403 CAPITAL LEASE LIABILITY 256494 457 PLAN LIABILITY 291643 6718158 X 60922174 -64779 -681828 -746607 61668781 166452 32979779 33146231 94815012 61785620 52012 52012 61733608 166452 32979779 33146231 94879839 PART II, LINE 5: MEMBERS OF THE CITY'S CONSERVATION COMMITTEE VISIT THE LOCATION TO ENSURE THAT WE ARE IN COMPLIANCE. PART V, LINE 4: BOARD-DESIGNATED ENDOWMENT - FUNDS SET ASIDE BY THE BOARD OF TRUSTEES FOR STRATEGIC PURPOSES AND TO PROVIDE INVESTMENT INCOME TO SUPPORT OPERATIONS. THESE AMOUNTS MAY ONLY BE USED WITH THE APPROVAL OF THE BOARD OF TRUSTEES. PERMANENT ENDOWMENT - AMOUNTS RESTRICTED BY DONORS AGAINST ANY EXPENDITURE OF PRINCIPAL. SUBSTANTIALLY ALL THE INCOME EARNED ON PRINCIPAL MAY BE USED FOR GENERAL OR DONOR-RESTRICTED PURPOSES AND IS RECORDED IN UNRESTRICTED NET ASSETS OR TEMPORARILY RESTRICTED NET ASSETS, AS APPROPRIATE. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE UNIVERISTY HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR 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 INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -903,834. RENTAL EXPENSES INCLUDED ON PART VIII, LINE 6B 52,012. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 31,289. CHANGE IN VALUE OF BENEFICIAL INTERESTS 138,705. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 32,797,495. OTHER EXPENSE 104,710. ANNUITY PAYMENTS 77,574. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED ON PART VIII, LINE 6B 52,012. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 32,797,495. ANNUITY PAYMENTS 77,574. OTHER EXPENSE 104,710. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PER PART 4.03 2(B) OF REV. PROC 75-50, 1975-2 C.B.587, THE UNIVERSITY CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL SECTION OF THE UNITED STATES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS. IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. ITS PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE AVAILABILITY OF THE UNIVERSITY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES GRANTS IN THE FORM OF FUNDS DISTRIBUTED FOR FINANCIAL AID OR SUPPORT OF EDUCATIONAL PROGRAMS. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 90725 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 688576 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 33975 0 0 0 0 0 0 813276 0 813276 LASELL SCHOLARSHIPS AND OTHER FINANCIAL AID AWARDS EAST ASIA AND THE PACIFIC 9 90725 CREDIT TO STUDENT ACCOUNTS FMV LASELL SCHOLARSHIPS AND OTHER FINANCIAL AID AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 68 688576 CREDIT TO STUDENT ACCOUNTS FMV LASELL SCHOLARSHIPS AND OTHER FINANCIAL AID AWARDS SUB-SAHARAN AFRICA 3 33975 CREDIT TO STUDENT ACCOUNTS FMV 0 0 0 0 0 0 PART I, LINE 2: INSTITUTIONAL FINANCIAL ASSISTANCE IS AWARDED BASED ON BOTH A FINANCIAL NEED AND MERIT BASIS. FINANCIAL NEED IS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID AND SUPPORTING DOCUMENTS AND THE USE OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA AND THE INSTITUTIONAL METHODOLOGY NEED ANALYSIS FORMULA. MERIT AID IS AWARDED TO STUDENTS WHO MEET CERTAIN ACADEMIC CRITERIA WHO MAY OR MAY NOT ALSO HAVE FINANCIAL NEED FOR ASSISTANCE. CAMPUS BASED FINANCIAL ASSISTANCE FROM FEDERAL AND STATE SOURCES IS AWARDED BASED ON FINANCIAL NEED AND OTHER ELIGIBILITY REQUIREMENTS AS STIPULATED BY FEDERAL OR STATE GUIDELINES. FINANCIAL NEED IS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID AND SUPPORTING DOCUMENTS AND THE USE OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA. 39478 39478 1948 39478 39478 1948 1948 37530 1 SEOG GRANTS 83 152459 FMV CREDIT TO STUDENT ACCOUNTS MASSACHUSETTS GILBERT GRANTS 200 335179 FMV CREDIT TO STUDENT ACCOUNTS LASELL SCHOLARSHIPS AND OTHER FINANCIAL AID AWARDS 1629 31338156 FMV CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS FROM RESTRICTED GIFTS 21 73574 FMV CREDIT TO STUDENT ACCOUNTS LASELL SIBLING DISCOUNTS 30 66151 FMV CREDIT TO STUDENT ACCOUNTS LASELL OTHER TUITION DISCOUNTS 1 18700 FMV CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: INSTITUTIONAL FINANCIAL ASSISTANCE IS AWARDED BASED ON BOTH A FINANCIAL NEED AND MERIT BASIS. FINANCIAL NEED IS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID AND SUPPORTING DOCUMENTS AND THE USE OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA AND THE INSTITUTIONAL METHODOLOGY NEED ANALYSIS FORMULA. MERIT AID IS AWARDED TO STUDENTS WHO MEET CERTAIN ACADEMIC CRITERIA WHO MAY OR MAY NOT ALSO HAVE FINANCIAL NEED FOR ASSISTANCE. CAMPUS BASED FINANCIAL ASSISTANCE FROM FEDERAL AND STATE SOURCES IS AWARDED BASED ON FINANCIAL NEED AND OTHER ELIGIBILITY REQUIREMENTS AS STIPULATED BY FEDERAL OR STATE GUIDELINES. FINANCIAL NEED IS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID AND SUPPORTING DOCUMENTS AND THE USE OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA. X X X X X 0 1 0 0 0 0 0 1 0 MICHAEL B ALEXANDER PRESIDENT 382188 0 19462 0 11124 0 75461 0 26845 0 515080 0 0 0 DR MICHAEL J HOYLE THRU 419 ASST TREASURER; VP ADMIN & FINANCE 215725 0 0 0 276 0 26437 0 11688 0 254126 0 0 0 DR KATHLEEN M O'CONNOR VP, ENROLLMENT MANAGEMENT 212476 0 0 0 1524 0 26314 0 12737 0 253051 0 0 0 DR JAMES M OSTROW VP, ACADEMIC AFFAIRS 199269 0 10000 0 792 0 15591 0 21815 0 247467 0 0 0 DIANE M AUSTIN VP, STUDENT AFFAIRS 158377 0 0 0 1524 0 12189 0 9840 0 181930 0 0 0 ANNE E DOYLE VP, LASELL VILLAGE 217577 0 15000 0 516 0 16470 0 3277 0 252840 0 0 0 ERIC TURNER VP, GRADUATE & PROF. STUDIES 185697 0 10000 0 0 0 0 0 24934 0 220631 0 0 0 PART I, LINE 4B DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2018 THE UNIVERSITY OFFERED RETIREMENT PLANS PURSUANT TO SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR CERTAIN EMPLOYEES, AS FOLLOWS: MICHAEL ALEXANDER, $40,000 PART I, LINE 7 AS DETAILED ON SCHEDULE J, PART II, BONUSES WERE AWARDED TO CERTAIN EMPLOYEES DURING THE YEAR. BONUSES WERE AWARDED AT THE DISCRETION OF THE PRESIDENT OF THE UNIVERSITY. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RZC2 2008-08-07 14665000 CONSTRUCTION OF RESIDENCE HALL & EXISTING PROJECTS 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGS8 2006-09-28 6400000 ADVANCE REFUND OF PRIOR ISSUE 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGS8 2006-09-28 12070000 CONSTRUCTION OF RESIDENCE HALL & EXISTING PROJECTS 0 0 0 D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583UCZ9 2011-05-25 24589453 REFUND PRIOR ISSUE AND NEW CONSTRUCTION 0 0 0 A 5075000 14732917 661623 248753 69657 13752884 2009 0 0 1 1 B 1760000 6400000 123645 17921 53884 6204550 2007 0 1 1 1 C 890000 12292016 330000 281019 33798 8592712 3054487 2007 1 0 1 1 D 4420000 24589866 1959213 807400 382372 11023653 10417228 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 RBS CITIZENS 29.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 RBS CITIZENS 20.000000000000 0 0 0 0 1 C 0 0 0 1 1 1 RBS CITIZENS 30.000000000000 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/01/2017 ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/01/2017 ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/01/2017 ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2017 ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2017 FORM 990, SCHEDULE K-PART II, LINE 3-TOTAL PROCEEDS OF ISSUE. THE DIFFERENCES CONSIST OF INTEREST EARNED: COLUMN A AMOUNT $67,917. COLUMN C AMOUNT $222,016. COLUMN D AMOUNT $413. COLUMN E AMOUNT $81,935. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2015-10-08 10000000 CONSTRUCTION OF ACADEMIC BUILDING 0 0 0 A 345853 10081935 10081935 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 X 7 195941 FAIR MARKET VALUE X 1 2759168 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B A MEETING OF THE GOVERNANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES (BOT) REVIEWED THE FORM 990 AND RECOMMENDED TO THE FULL BOT THAT THE FORM 990 BE ACCEPTED AND FILED. THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOT PRIOR TO THE BOARD MEETING AND THE BOT APPROVED THE MOTION TO ACCEPT THE FORM 990 AND FILE THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES SEND THE CONFLICT OF INTEREST FORMS TO THE EXECUTIVE ASSISTANT TO THE PRESIDENT WHO REVIEWS THE FORMS, LOOKING FOR CONFLICTS NOTED OR NOT NOTED BY THE TRUSTEE(S). IF A CONFLICT IS NOTED, THE FORM IS SENT TO THE COMMITTEE ON TRUSTEES OF THE BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF LASELL UNIVERSITY CONDUCTS AN ANNUAL WRITTEN EVALUATION OF THE PRESIDENT OF THE UNIVERSITY WHOSE DUTIES ALSO INCLUDE CEO OF LASELL VILLAGE AND ESTABLISHES COMPENSATION BASED ON PERFORMANCE AND AMONG OTHER DATA, CONSIDERS A COMPARISON OF PRESIDENTS AND CEO'S AT SIMILAR SIZED INSTITUTIONS. THE PRESIDENT REVIEWS THE PERFORMANCE OF EACH OFFICER AND KEY EMPLOYEE AGAINST A WRITTEN SET OF GOALS. COMPENSATION IS DETERMINED BY REVIEWING SALARY DATA OF THE RESPECTIVE POSITION AT PEER INSTITUTIONS, AS WELL AS REVIEWING SALARY DATA FROM NATIONAL SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. THE FINANCIAL STATEMENTS OF LASELL UNIVERSITY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AS WELL AS IN THE RESERVE SECTION OF THE UNIVERSITY'S LIBRARY. ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -903,834. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 31,289. CHANGE IN VALUE OF BENEFICIAL INTERESTS 138,705. LASELL VILLAGE 120 SEMINARY AVE AUBURNDALE MA 02466 223042122 RESIDENTIAL CARE MA 501(C)(3) LINE 10 LASELL INC 0 LASELL INC 1844 COMMONWEALTH AVE NEWTON MA 024662716 861070319 ADMINISTRATIVE SUPPORT MA 501(C)(3) LINE 12B, II N/A 0 CHARITABLE REMAINDER TRUSTS (2) INVESTMENTS MA LASELL UNIVERSITY T 1 TRUST INVESTMENTS MA LASELL UNIVERSITY T 606269 1.00000 1 TRUST INVESTMENTS MA LASELL UNIVERSITY T 1158975 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0