ASSUMPTION UNIVERSITY: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ASSUMPTION UNIVERSITY (EIN 04-2105776)
- Tax period
- 2017-06-01 to 2018-05-31
- Filed
- 2019-04-12
- IRS object ID
- 201901029349301200
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-12T16:30:06-05:00 | ReturnTs |
| Tax Period End | 2018-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042105776 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSUMPTION COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASSU | BusinessNameControlTxt |
| Phone | 5087677000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SALISBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016091296 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER WELLS | PersonNm |
| Person Title | VP FINANCE & ADMIN./TREASURER | PersonTitleTxt |
| Phone | 5087677000 | PhoneNum |
| Signature | 2019-04-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 66.98.98.9 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-04-12 | IPDt |
| IP Tm | 15:36:15 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | FA8236F5EC0939B3CFBB635980B74240BDBEF1E3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FRANCESCO CESAREO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SALISBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016091296 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $148,745,888 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ASSUMPTION.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1904 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | HIGHER EDUCATION OF MEN AND WOMEN. ASSUMPTION COLLEGE STRIVES TO FORM GRADUATES KNOWN FOR CRITICAL INTELLIGENCE, THOUGHTFUL CITIZENSHIP AND COMPASSIONATE SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 1361 | TotalEmployeeCnt |
| Total Volunteers | 140 | TotalVolunteersCnt |
| Total Gross UBI | $13,547 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$4,089 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,368,905 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,956,679 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $98,926,138 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $98,391,950 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,195,909 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,652,182 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,417,007 | PYOtherRevenueAmt |
| CY Other Revenue | $1,814,369 | CYOtherRevenueAmt |
| PY Total Revenue | $118,907,959 | PYTotalRevenueAmt |
| CY Total Revenue | $112,815,180 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $40,530,307 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $41,032,483 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $40,893,977 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $38,373,496 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $16,739 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $26,046 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,657,932 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,851,478 | PYOtherExpensesAmt |
| CY Other Expenses | $29,785,228 | CYOtherExpensesAmt |
| PY Total Expenses | $108,292,501 | PYTotalExpensesAmt |
| CY Total Expenses | $109,217,253 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,615,458 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,597,927 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $237,044,673 | TotalAssetsBOYAmt |
| Total Assets EOY | $241,185,742 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $64,261,530 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $61,037,046 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $172,783,143 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $180,148,696 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ASSUMPTION COLLEGE, A CATHOLIC INSTITUTION SPONSORED BY THE AUGUSTINIANS OF THE ASSUMPTION AND ROOTED IN THE CATHOLIC INTELLECTUAL TRADITION, STRIVES TO FORM GRADUATES KNOWN FOR CRITICAL INTELLIGENCE, THOUGHTFUL CITIZENSHIP AND COMPASSIONATE SERVICE. WE PURSUE THESE AMBITIOUS GOALS THROUGH A CURRICULUM GROUNDED IN THE LIBERAL ARTS AND EXTENDING TO THE DOMAIN OF PROFESSIONAL STUDIES. ENLIVENED BY THE CATHOLIC AFFIRMATION OF THE HARMONY OF FAITH AND REASON, WE AIM, BY THE PURSUIT OF THE TRUTH, TO TRANSFORM THE MINDS AND HEARTS OF STUDENTS. ASSUMPTION FAVORS DIVERSITY AND ECUMENICALLY WELCOMES ALL WHO SHARE ITS GOALS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $77,225,274 | ExpenseAmt |
| Grant | $41,032,483 | GrantAmt |
| Revenue | $79,838,460 | RevenueAmt |
| Desc | HIGHER EDUCATION TUITION: PROVIDES COLLEGE DEGREE PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVEL. THE COLLEGE AWARDED A TOTAL OF 625 DEGREES AT OUR COMMENCEMENT HELD IN MAY 2018. 443 BACHELOR OF ARTS DEGREES: 149 GRADUATE DEGREES: 33 DEGREES FROM THE CONTINUING AND CAREER EDUCATION DIVISION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,923,804 | ExpenseAmt |
| Revenue | $13,628,106 | RevenueAmt |
| Desc | AUX. ENTERPRISES: PROVIDE ON CAMPUS HOUSING TO APPROXIMATELY 1,800 STUDENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,730,678 | ExpenseAmt |
| Revenue | $6,721,146 | RevenueAmt |
| Desc | AUX. ENTERPRISES: PROVIDE BOARD, BOOKS ETC TO APPROXIMATELY 2,000 STUDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $97,879,756 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 197 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1361 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | IT | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER WELLS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5087677350 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 SALISBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 016091296 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| LAURE AUBUCHON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN BARNOSKY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANCIS BEDARD | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD BURKE JR | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV ALEX A CASTRO | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MAJOR GENERAL RETIRED ROBERT G | ||||||||
| CATALANOTTI, TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROLYN M CLANCY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELE D'AMOUR | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW P DOYLE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV DENNIS GALLAGHER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT GRAY JR | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV ROLAND GUILMAIN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALISON C KENARY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT LONGDEN | ||||||||
| PARTNER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| HARRIS MACNEILL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LILLIAM MILLER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RALPH PEARSON PHD | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV MARCEL POIRIER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV PETER PRECOURT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CANDACE RACE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BRO DIDIER REMIOT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| REV EDWARD SHATOV | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL D SLEEPER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH SPILLANE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL T SULLIVAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SR CLARE TERESA TJADER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANCESCO CESAREO | ||||||||
| PRESIDENT | 40.00 | Yes (X) | $363,616 | $0 | $124,603 | Yes (X) | ||
| TIMOTHY STANTON | ||||||||
| VICE PRESIDENT | 40.00 | $229,341 | $0 | $65,532 | Yes (X) | |||
| LOUISE CARROLL KEELEY | ||||||||
| VICE PRESIDENT | 40.00 | $202,513 | $0 | $29,348 | Yes (X) | |||
| EVAN LIPP | ||||||||
| VICE PRESIDENT | 40.00 | $188,849 | $0 | $43,239 | Yes (X) | |||
| PETER WELLS | ||||||||
| TREASURER, VP FINANCE & ADMIN. | 40.00 | $184,437 | $0 | $41,471 | Yes (X) | |||
| CATHERINE WOODBROOKS | ||||||||
| VICE PRESIDENT | 40.00 | $161,140 | $0 | $26,981 | Yes (X) | |||
| MICHAEL RUBINO | ||||||||
| SECRETARY TO BOARD | 28.00 | $79,061 | $0 | $31,896 | Yes (X) | |||
| MICHAEL GUILFOYLE | ||||||||
| EXECUTIVE DIRECTOR | 40.00 | $151,681 | $0 | $13,704 | Yes (X) | |||
| JOSEPH MORRISON | ||||||||
| ASSISTANT PROVOST | 40.00 | $138,858 | $0 | $34,773 | Yes (X) | |||
| NICHOLAS SMITH | ||||||||
| ATHLETIC DIRECTOR | 40.00 | $136,652 | $0 | $11,214 | Yes (X) | |||
| DAWN THISTLE | ||||||||
| EXECUTIVE DIRECTOR (UNTIL 8/25/17) | 40.00 | $146,908 | $0 | $30,966 | Yes (X) | |||
| LEONARD DOERFLER | ||||||||
| PROFESSOR | 40.00 | $135,683 | $0 | $32,206 | Yes (X) | |||
| TODD DERDERIAN | ||||||||
| DIRECTOR OF BUSINESS SERVICES | 40.00 | $123,027 | $0 | $34,525 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,241,766 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $520,458 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 31 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BODWITCH & DEWEY | |||||
| 311 MAIN STREET | WORCESTER | MA | 01608 | LEGAL | $217,313 |
| FIDUCIARY INVESTMENT ADVISORS | |||||
| 100 NORTHFIELD DRIVE | WINDSOR | CT | 06095 | INVESTMENT SERVICES | $109,577 |
| RSM US LLP | |||||
| 80 CITY SQUARE | BOSTON | MA | 021293742 | ACCOUNTING & TAX SERVICES | $104,984 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $62,408 | FundraisingAmt |
| Government Grants | $3,532,939 | GovernmentGrantsAmt |
| All Other Contributions | $2,361,332 | AllOtherContributionsAmt |
| Noncash Contributions | $144,648 | NoncashContributionsAmt |
| Total Contributions | $5,956,679 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | $78,042,698 | $78,042,698 | |
| AUXILIARY | 611310 | $20,349,252 | $20,335,705 | $13,547 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $98,391,950 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,341,947 | TotalRevenueColumnAmt |
| Exclusion | $3,341,947 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,200,954 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,890,719 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,310,235 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,310,235 | TotalRevenueColumnAmt |
| Exclusion | $3,310,235 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $44,463 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $62,408 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $39,989 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,474 | TotalRevenueColumnAmt |
| Exclusion | $4,474 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ATHLETIC PROGRAMS | 611310 | $884,624 | $884,624 |
| EXTRACURRICULAR ACTIVITIES | 611310 | $237,971 | $237,971 |
| CHAPEL | 900099 | $102,649 | $102,649 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $584,651 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $584,651 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,809,895 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $112,815,180 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $100,188,298 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $13,547 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,656,656 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,032,483 | TotalAmt |
| Program Services | $41,032,483 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,830,264 | TotalAmt |
| Program Services | $1,244,580 | ProgramServicesAmt |
| Management And General | $462,562 | ManagementAndGeneralAmt |
| Fundraising | $123,122 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,273,261 | TotalAmt |
| Program Services | $23,182,271 | ProgramServicesAmt |
| Management And General | $3,559,022 | ManagementAndGeneralAmt |
| Fundraising | $531,968 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,066,233 | TotalAmt |
| Program Services | $1,546,633 | ProgramServicesAmt |
| Management And General | $464,298 | ManagementAndGeneralAmt |
| Fundraising | $55,302 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,394,152 | TotalAmt |
| Program Services | $4,585,029 | ProgramServicesAmt |
| Management And General | $651,175 | ManagementAndGeneralAmt |
| Fundraising | $157,948 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,809,586 | TotalAmt |
| Program Services | $1,538,148 | ProgramServicesAmt |
| Management And General | $232,220 | ManagementAndGeneralAmt |
| Fundraising | $39,218 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,081,141 | TotalAmt |
| Program Services | $7,718,969 | ProgramServicesAmt |
| Management And General | $1,362,172 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,287 | TotalAmt |
| Program Services | $204,244 | ProgramServicesAmt |
| Management And General | $36,043 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,274 | TotalAmt |
| Program Services | $104,274 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,046 | TotalAmt |
| Fundraising | $26,046 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $891,000 | TotalAmt |
| Program Services | $757,350 | ProgramServicesAmt |
| Management And General | $133,650 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $518,034 | TotalAmt |
| Program Services | $451,180 | ProgramServicesAmt |
| Management And General | $66,854 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,022,425 | TotalAmt |
| Program Services | $788,399 | ProgramServicesAmt |
| Management And General | $139,130 | ManagementAndGeneralAmt |
| Fundraising | $94,896 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,556,266 | TotalAmt |
| Program Services | $1,280,075 | ProgramServicesAmt |
| Management And General | $225,896 | ManagementAndGeneralAmt |
| Fundraising | $50,295 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,335,007 | TotalAmt |
| Program Services | $4,534,756 | ProgramServicesAmt |
| Management And General | $793,948 | ManagementAndGeneralAmt |
| Fundraising | $6,303 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,620,951 | TotalAmt |
| Program Services | $2,227,808 | ProgramServicesAmt |
| Management And General | $393,143 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,204,906 | TotalAmt |
| Program Services | $1,004,203 | ProgramServicesAmt |
| Management And General | $177,213 | ManagementAndGeneralAmt |
| Fundraising | $23,490 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,700 | TotalAmt |
| Program Services | $396,199 | ProgramServicesAmt |
| Management And General | $49,918 | ManagementAndGeneralAmt |
| Fundraising | $583 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,372,016 | TotalAmt |
| Program Services | $3,716,214 | ProgramServicesAmt |
| Management And General | $655,802 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $792,855 | TotalAmt |
| Program Services | $673,927 | ProgramServicesAmt |
| Management And General | $118,928 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | $566,237 | $481,301 | $84,936 | |
| CAPITAL CAMPAIGN | $548,761 | $548,761 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $484,368 | TotalAmt |
| Program Services | $411,713 | ProgramServicesAmt |
| Management And General | $72,655 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,217,253 | TotalAmt |
| Program Services | $97,879,756 | ProgramServicesAmt |
| Management And General | $9,679,565 | ManagementAndGeneralAmt |
| Fundraising | $1,657,932 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,959,391 | BOYAmt |
| EOY | $11,011,952 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,893,638 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,217,272 | BOYAmt |
| EOY | $5,876,021 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $915,477 | BOYAmt |
| EOY | $953,732 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,601,456 | BOYAmt |
| EOY | $2,231,753 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,150,845 | BOYAmt |
| EOY | $951,194 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $161,971,833 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $67,279,446 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,093,916 | BOYAmt |
| EOY | $94,692,387 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,725,618 | BOYAmt |
| EOY | $103,723,177 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,020,335 | BOYAmt |
| EOY | $18,443,790 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,360,363 | BOYAmt |
| EOY | $1,408,098 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,044,673 | BOYAmt |
| EOY | $241,185,742 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,827,956 | BOYAmt |
| EOY | $6,871,415 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,210,011 | BOYAmt |
| EOY | $6,188,795 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,480,053 | BOYAmt |
| EOY | $43,751,662 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,743,510 | BOYAmt |
| EOY | $4,225,174 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,261,530 | BOYAmt |
| EOY | $61,037,046 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,863,330 | BOYAmt |
| EOY | $138,979,732 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,430,751 | BOYAmt |
| EOY | $17,160,872 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,489,062 | BOYAmt |
| EOY | $24,008,092 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,783,143 | BOYAmt |
| EOY | $180,148,696 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,044,673 | BOYAmt |
| EOY | $241,185,742 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,597,927 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,379,588 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $388,038 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $1,108,996 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $102,544,361 | BeginningYearBalanceAmt |
| Contributions | $483,185 | ContributionsAmt |
| Investment Earnings Or Losses | $9,290,421 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,878,735 | GrantsOrScholarshipsAmt |
| End Year Balance | $108,439,232 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $93,937,351 | BeginningYearBalanceAmt |
| Contributions | $754,562 | ContributionsAmt |
| Investment Earnings Or Losses | $10,620,974 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,468,526 | GrantsOrScholarshipsAmt |
| Other Expenditures | $300,000 | OtherExpendituresAmt |
| End Year Balance | $102,544,361 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $101,064,350 | BeginningYearBalanceAmt |
| Contributions | $322,717 | ContributionsAmt |
| Investment Earnings Or Losses | -$5,040,133 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,409,583 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,489,456 | OtherExpendituresAmt |
| End Year Balance | $93,937,351 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,767,112 | BeginningYearBalanceAmt |
| Contributions | $485,587 | ContributionsAmt |
| Investment Earnings Or Losses | $2,192,187 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,380,536 | GrantsOrScholarshipsAmt |
| Other Expenditures | $190,523 | OtherExpendituresAmt |
| End Year Balance | $101,064,350 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $92,358,903 | BeginningYearBalanceAmt |
| Contributions | $494,132 | ContributionsAmt |
| Investment Earnings Or Losses | $10,325,515 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,411,437 | GrantsOrScholarshipsAmt |
| End Year Balance | $100,767,113 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.64240 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.20520 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.15240 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,250,548 | OtherCostOrOtherBasisAmt |
| Book Value | $2,250,548 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $140,328,354 | OtherCostOrOtherBasisAmt |
| Depreciation | $58,439,519 | DepreciationAmt |
| Book Value | $81,888,835 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,884,468 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,839,927 | DepreciationAmt |
| Book Value | $9,044,541 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,508,463 | OtherCostOrOtherBasisAmt |
| Book Value | $1,508,463 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $94,692,387 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP INVESTMENTS | Desc |
| Book Value | $18,443,790 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $18,443,790 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITY OBIGATIONS | $673,041 |
| LIABILITY UNDER INTEREST RATE SWAP AGREEMENTS | $573,239 |
| ASSET RETIREMENT OBLIGATION | $256,971 |
| REFUNDABLE GOVERNMENT STUDENT LOANS | $2,721,923 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,225,174 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $75,590,312 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,379,588 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$40,644,445 | OtherRevenueAmt |
| Revenue Not Reported | -$37,264,857 | RevenueNotReportedAmt |
| Revenue Subtotal | $112,855,169 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$39,989 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$39,989 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $112,815,180 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $68,224,759 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $39,989 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $39,989 | ExpensesNotReportedAmt |
| Expenses Subtotal | $68,184,770 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $41,032,483 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $41,032,483 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $109,217,253 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | ST. JOHN'S BIBLE, FR. D'ALZON STATUE, SAINT AUGUSTINE STATUE AND STAIN GLASS WINDOWS ARE LOCATED ON CAMPUS AS PART OF OUR MISSION AS A CATHOLIC INSTITUTION. IN ADDITION, THERE IS A BOOK COLLECTION FROM FR. TAVARD IN THE COLLEGE'S LIBRARY. |
| PART V, LINE 4: | THE INTENDED USES OF THE COLLEGE'S ENDOWMENT FUNDS ARE FOR FINANCIAL ASSISTANCE AND SCHOLARSHIPS FOR STUDENTS ATTENDING THE COLLEGE, AND FOR ADDITIONAL FACILITIES AND FACULTY DEVELOPMENT. |
| PART X, LINE 2: | THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE COLLEGE RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2015. THE COLLEGE WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID AND SCHOLARSHIPS -41,032,483. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 367,108. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 47,735. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -26,805. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EVENTS EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B -39,989. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EVENTS EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B 39,989. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID AND SCHOLARSHIPS 41,032,483. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE NOTICE OF NON DISCRIMINATION POLICY IS MAILED TO EACH STUDENT. IN ADDITION NOTICES ARE POSTED ON CAMPUS BULLETIN BOARDS AND COLLEGE PORTAL SYSTEM. THE COLLEGE CATALOG ALSO CONTAINS THE COMPLETE POLICY. |
| LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: | THE COLLEGE IS AWARDED FEDERALLY FUNDED AID TO DISBURSE TO QUALIFIED STUDENTS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | 1 | PROGRAM SERVICES | STUDY ABROAD CAMPUS AND PROGRAM | $429,690 |
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $12,382,131 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $12,811,821 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $12,811,821 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTZ WHALEY FLESSNER | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7251 OHMS LANE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55439 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FEASABILITY STUDY FOR CAPITAL CAMPAIGN | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $26,046 | RetainedByContractorAmt |
| Net To Organization | -$26,046 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $26,046 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$26,046 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ALUMNI GOLF OUTING | Event1Nm |
| Gross Receipts Event1 | $106,871 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $62,408 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $44,463 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $1,200 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $20,680 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $10,509 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $7,600 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $106,871 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $62,408 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $44,463 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $1,200 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $20,680 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $10,509 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $7,600 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $39,989 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $4,474 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| INSTITUTIONAL & ENDOWED GRANTS/SCHOLARSHIPS | 2215 | $37,792,028 | BOOK | CREDIT TO STUDENTS' ACCOUNTS | |
| PELL | 482 | $1,793,464 | |||
| SEOG | 112 | $222,466 | |||
| MA AND OTHER STATE SCHOLARSHIPS | 505 | $889,375 | |||
| FEDERAL WORK STUDY | 392 | $335,150 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE'S FINANCIAL AID OFFICE FOLLOWS ALL REGULATIONS WHEN AWARDING GRANTS AND SCHOLARSHIPS. STUDENT'S ELIGIBILITY IS REVIEWED EACH TERM TO ENSURE COMPLIANCE WITH AWARDING INSTITUTIONAL, FEDERAL AND STATE AID WITH POLICY AND PROCEDURES. THE COLLEGE ALSO FILES ANNUAL STATE GRANT YEAR END REPORTING, FISAP AND IPEDS DATA. STUDENTS ELIGIBILITY IS BASED ON THEIR PER TERM STANDING AND AID IS EVALUATED BASED ON THEIR ENROLLMENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRANCESCO CESAREO | ||||||||||||||
| PRESIDENT | $360,004 | $0 | $0 | $0 | $3,612 | $0 | $67,459 | $0 | $57,144 | $0 | $488,219 | $0 | $0 | $0 |
| TIMOTHY STANTON | ||||||||||||||
| VICE PRESIDENT | $223,797 | $0 | $0 | $0 | $5,544 | $0 | $21,411 | $0 | $44,121 | $0 | $294,873 | $0 | $0 | $0 |
| LOUISE CARROLL KEELEY | ||||||||||||||
| VICE PRESIDENT | $191,845 | $0 | $0 | $0 | $10,668 | $0 | $17,613 | $0 | $11,735 | $0 | $231,861 | $0 | $0 | $0 |
| EVAN LIPP | ||||||||||||||
| VICE PRESIDENT | $186,917 | $0 | $0 | $0 | $1,932 | $0 | $17,613 | $0 | $25,626 | $0 | $232,088 | $0 | $0 | $0 |
| PETER WELLS | ||||||||||||||
| TREASURER, VP FINANCE & ADMIN. | $182,505 | $0 | $0 | $0 | $1,932 | $0 | $17,103 | $0 | $24,368 | $0 | $225,908 | $0 | $0 | $0 |
| CATHERINE WOODBROOKS | ||||||||||||||
| VICE PRESIDENT | $156,404 | $0 | $0 | $0 | $4,736 | $0 | $14,580 | $0 | $12,401 | $0 | $188,121 | $0 | $0 | $0 |
| MICHAEL GUILFOYLE | ||||||||||||||
| EXECUTIVE DIRECTOR | $151,501 | $0 | $0 | $0 | $180 | $0 | $13,635 | $0 | $69 | $0 | $165,385 | $0 | $0 | $0 |
| JOSEPH MORRISON | ||||||||||||||
| ASSISTANT PROVOST | $138,084 | $0 | $0 | $0 | $774 | $0 | $12,725 | $0 | $22,048 | $0 | $173,631 | $0 | $0 | $0 |
| DAWN THISTLE | ||||||||||||||
| EXECUTIVE DIRECTOR (UNTIL 8/25/17) | $119,221 | $0 | $0 | $0 | $27,687 | $0 | $11,373 | $0 | $19,593 | $0 | $177,874 | $0 | $0 | $0 |
| LEONARD DOERFLER | ||||||||||||||
| PROFESSOR | $90,462 | $0 | $0 | $0 | $45,221 | $0 | $8,746 | $0 | $23,460 | $0 | $167,889 | $0 | $0 | $0 |
| TODD DERDERIAN | ||||||||||||||
| DIRECTOR OF BUSINESS SERVICES | $122,613 | $0 | $0 | $0 | $414 | $0 | $11,592 | $0 | $22,933 | $0 | $157,552 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE COLLEGE PROVIDED ON-CAMPUS HOUSING TO FRANCESCO CESAREO, PRESIDENT, WHICH IS NOT TAXABLE PURSUANT TO SEC. 119. THE VALUE OF THE HOUSING IS INCLUDED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE PRESIDENT AND TIMOTHY STANTON, VP, RECEIVED COUNTRY CLUB MEMBERSHIP DUES BENEFIT WHICH WERE TREATED AS NONTAXABLE. THEY ARE REPORTED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE MEMBERSHIP IS A WORKING CONDITION FRINGE BENEFIT. THE COLLEGE HOLDS FUNDRAISERS AT THE COUNTRY CLUB AND THE PRESIDENT AND VP USE THE MEMBERSHIP FOR CULTIVATING DONORS AND CAPITAL CAMPAIGN RELATED FUNCTIONS. |
| PART I, LINES 4A-B | PART I, LINE 4A: DAWN THISTLE, EXECUTIVE DIRECTOR, LEFT THE POSITION IN AUGUST 2017. DAWN WAS PAID THROUGH OCTOBER 31, 2017 PLUS 10 WEEKS OF SEVERANCE. SHE RECEIVED $26,697 IN SEVERANCE PAYMENT FOR THE CALENDAR YEAR 2017 AND IT IS REPORTED IN PART II, COLUMN (B)(III). |
| PART I, LINE 4B | THE COLLEGE HAS ESTABLISHED AN DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) FOR THE PRESIDENT OF THE COLLEGE. THE COLLEGE SHALL CREDIT THE SECTION 457(F) PLAN EACH JANUARY 1ST DURING THE FIVE-YEAR TERM STARTING JULY 1, 2015. ALL ACCRUED DEFERRED COMPENSATION SHALL VEST AND BE PAYABLE ON THE EARLIEST OF DEATH, PERMANENT DISABILITY, TERMINATION WITHOUT CAUSE BY THE COLLEGE, RESIGNATION FOR GOOD REASON, OR COMPLETION OF THE INTIAL TERM OF THE ARRANGEMENT (JUNE 30, 2020). THE AMOUNT THE COLLEGE HAS CONTRIBUTED TO THIS SECTION 457(F) PLAN IN FY18 IS $34,600 AND IT IS REPORTED IN PART II, COLUMN (C). |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2012-08-01 | $28,610,000 | REFUNDING 2002 ISSUE | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2014-06-06 | $9,720,000 | REFUNDING 2000A ISSUE | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY | |||||||
| C | 043431814 | 2016-09-30 | $32,000,000 | CONSTRUCTION OF NEW BUILDING AND REDEEM A PORTION OD SERIES 2012 BONDS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $23,541,692 | $28,610,000 | $297,863 | $28,312,137 | 2002 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $2,450,000 | $9,720,000 | $75,300 | $9,644,700 | 2000 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| C | $325,000 | $32,000,000 | $138,850 | $16,861,150 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) | $15,000,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 22 | ContributionCnt |
| Noncash Contributions Rpt F990 | $144,648 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF DONATED SECURITIES IS BASED ON THE NUMBER OF GIFTS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT (VP OF FINANCE/TREASURER) REVIEWS THE FORM 990 FILING IN A DRAFT FORM AND THEN DISTRIBUTES TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT THE BEGINNING OF EACH SUMMER, THE SECRETARY OF THE BOARD MAILS TO ALL COLLEGE TRUSTEES AND OFFICERS A QUESTIONNAIRE ASKING THEM TO DISCLOSE ANY RELATED PARTY TRANSACTIONS WITH THE COLLEGE. A TOTAL OF SEVEN QUESTIONS ARE ASKED. THE MEMORANDUM EXPLAINS THE NECESSITY OF COMPLETING THE RELATED PARTY QUESTIONNAIRE AND EMPHASIZED THE FACT THAT THE COLLEGE EXPECTS A 100% RESPONSE. IN ADDITION TO THE QUESTIONNAIRE AND MEMORANDUM, THE TRUSTEES AND OFFICERS ALSO RECEIVE A TWO PAGE INSTRUCTIONAL DOCUMENT WHICH EXPLAINS IN SIMPLE TERMS WHAT A CONFLICT OF INTEREST IS AND WHY FULL DISCLOSURE OF A REAL OR PERCEIVED CONFLICT OF INTEREST IS IMPORTANT. THIS DOCUMENT ALSO INCLUDES A NUMBER OF RECOMMENDATIONS ON THE SUBJECT PUT FORTH BY THE MASSACHUSETTS ATTORNEY GENERAL. ONCE COMPLETED, THE QUESTIONNAIRES ARE RETURNED TO THE SECRETARY OF THE BOARD WHO MONITORS THEIR RESPONSE AND FOLLOWS UP WITH THOSE TRUSTEES AND OFFICERS WHO ARE TARDY IN COMPLETING AND RETURNING THEIR QUESTIONNAIRES. |
| FORM 990, PART VI, SECTION B, LINE 15 | A COMPENSATION COMMITTEE MADE UP OF THREE COLLEGE TRUSTEES, THE CHAIR, THE VICE CHAIR AND THE CHAIR OF THE FINANCE COMMITTEE ESTABLISHES THE COMPENSATION OF THE PRESIDENT OF THE COLLEGE ON AN ANNUAL BASIS. THE COMPENSATION COMMITTEE USES COMPARABLE DATA WHICH IS PUBLISHED ANNUALLY IN THE CHRONICLE OF HIGHER EDUCATION. ADDITIONALLY THE ENTIRE BOARD CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT. OTHER OFFICERS AND KEY EMPLOYEES ARE NORMALLY REVIEWED BY THE PRESIDENT OF THE COLLEGE WHO MAKES AN ADJUSTMENT IN THEIR SALARY BASED ON PERFORMANCE FACTORS AND ALSO BASED ON THE CHRONICLE OF HIGHER EDUCATION.THE COMPENSATION OF THE VICE PRESIDENTS IS REVIEWED BY THE COMPENSATION COMMITTEE ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | FOR INTERESTED THIRD PARTIES, ALL OF THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 (PUBLIC DISCLOSURE COPY) AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST FROM THE SECRETARY AT ASSUMPTION COLLEGE (500 SALISBURY STREET, WORCESTER, MA 01609) FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FOR ALL EMPLOYEES OF THE COLLEGE, ALL OF THE POLICIES AND PROCEDURES INCLUDING THE WHISTLE BLOWER POLICY, CONFLICT OF INTEREST POLICY AND OTHERS ARE AVAILABLE VIA OUR INTERNAL ONLINE PORTAL SYSTEM. A COPY OF THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 367,108. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 47,735. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -26,805. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| CHARITABLE REMAINDER TRUST (1) | |||
| CHARITABLE REMAINDER TRUST | MA | ASSUMPTION COLLEGE | 0 |
| CHARITABLE REMAINDER TRUST (1) | |||
| CHARITABLE REMAINDER TRUST | RI | ASSUMPTION COLLEGE | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |