2019-05-15T09:47:44-05:00 2018-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2017-07-01 042104700 MCPHS UNIVERSITY MCPH 6177322800 179 LONGWOOD AVENUE BOSTON MA 02115 CHARLES F MONAHAN JR PRESIDENT 6177322800 2019-05-10 1 CRAIG KLEIN P00734640 6177610600 2019-05-09 207.172.72.163 2019-05-10 07:31:37 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AAFE5242E44AA74A98A743050A15125E154A43A4 2017 2019-02-21 02:37:17Z CHARLES F MONAHAN JR 179 LONGWOOD AVENUE BOSTON MA 02115 566557864 0 X WWW.MCPHS.EDU X 1852 MA MCPHS UNIVERSITY IS A PRIVATE, ACCREDITED EDUCATIONAL INSTITUTION SPECIALIZING IN PREPARING STUDENTS FOR MEDICAL CAREERS BY PROVIDING INTENSIVE PROGRAMS OF STUDY IN PHARMACY AND OTHER HEALTH SCIENCES. 17 17 2758 145 0 355614 2704123 3202638 281493858 287008987 22762337 73787905 97958 22197 307058276 364021727 34142687 36643834 0 0 100409320 107795969 0 0 882929 58118510 61610281 192670517 206050084 114387759 157971643 1126144590 1287733230 131789910 131522975 994354680 1156210255 MCPHS UNIVERSITY PREPARES STUDENTS FOR CAREERS IN HEALTH CARE THROUGH TEACHING, SCHOLARSHIP, RESEARCH, PROFESSIONAL SERVICE AND COMMUNITY ENGAGEMENT. 0 0 167560793 36643834 272187105 THE UNIVERSITY PROVIDED EDUCATIONAL PROGRAMS TO STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN PHARMACY AND HEALTH SCIENCE DISCIPLINES. 12091754 14627683 THE UNIVERSITY PROVIDED DORMITORY ACCOMODATIONS FOR STUDENTS. 354088 194199 THE UNIVERSITY PROVIDED CONTINUING EDUCATION COURSES AND PROGRAMS FOR PHARMACISTS AND OTHER HEALTH CARE PROFESSIONALS. 180006635 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8278 0 1 2758 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH X X KEITH A BELLUCCI CHIEF BUSINESS O 6177322145 179 LONGWOOD AVENUE BOSTON MA 02115 CHESTER E BABINEAU TRUSTEE 5.00 X 0 0 0 PAUL G BOISSEAU TRUSTEE (UNTIL 3/2018) 5.00 X 0 0 0 GAIL P BUCHER TRUSTEE 5.00 X 0 0 0 LAURA CHAN TRUSTEE 5.00 X 0 0 0 CHRISTOPHER FLYNN TRUSTEE 5.00 X 0 0 0 MARYESTHER L FOURNIER TRUSTEE 5.00 X 0 0 0 RICHARD E GRIFFIN TRUSTEE 5.00 X 0 0 0 PATRICIA L HANNON TRUSTEE 5.00 X 0 0 0 PETER HEALEY TRUSTEE (AS OF 10/2017) 5.00 X 0 0 0 EMERY W JOHNSON TRUSTEE 5.00 X 0 0 0 GARY J KERR TRUSTEE 5.00 X 0 0 0 JAMES F LYONS EX-OFFICIO TRUSTEE 5.00 X 0 0 0 DAVID L MAHER EX-OFFICIO TRUSTEE 5.00 X 0 0 0 MICHAEL SEARVANCE TRUSTEE 5.00 X 0 0 0 HEIDI SNYDER TRUSTEE 5.00 X 0 0 0 RONALD P THIBOUTOT TRUSTEE 5.00 X 0 0 0 KAREN TUBRIDY TRUSTEE 5.00 X 0 0 0 LESLEY L WALLS TRUSTEE 5.00 X 0 0 0 CHARLES F MONAHAN JR PRESIDENT 55.00 X 1245008 0 293787 RICHARD J LESSARD EXEC. VP - COO AND CFO 55.00 X 952562 0 166801 GEORGE E HUMPHREY VPAA - PROVOST (UNTIL 12/2017) 55.00 X 579602 0 34973 CAROLINE ZEIND VPAA - PROVOST (AS OF 6/2018) 55.00 X 350307 0 40995 MARGUERITE JOHNSON VP FOR DEVELOPMENT 55.00 X 491144 0 27473 DEBORAH A O'MALLEY VP, GENERAL COUNSEL, CCO 55.00 X 439901 0 34478 THOMAS A SCANLON CHIEF INFO OFFICER 55.00 X 382288 0 47223 KEITH A BELLUCCI CHIEF BUSINESS OFFICER 55.00 X 373641 0 49001 KATHLEEN RYAN-O'NEIL CHIEF ENROLLMENT OFFICER 55.00 X 286319 0 37413 PAUL DIFRANCESCO DEAN 55.00 X 259087 0 47811 MARY LILLY CHRO (UNTIL 6/2017) 55.00 X 164180 0 20416 MICHAEL MONTAGNE ASSOCIATE PROVOST 55.00 X 265933 0 40751 CHARLES BRECKLING CHIEF DIGITAL MARKETING OFFICER 55.00 X 264745 0 39000 MORRIS BERMAN DEAN 55.00 X 262267 0 22365 CAROL A ELIADI DEAN 55.00 X 239378 0 23800 DELIA ANDERSON DEAN 55.00 X 243252 0 38458 6799614 0 964745 287 0 1 0 CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD & CATERING SERVICES 2420076 HARVARD MAINTENANCE 800 WEST CUMMINGS PARK SUITE 1850 WOBURN MA 01801 MAINTENANCE SERVICES 1608267 SECURITAS SECURITY SERVICES 2 CAMPUS DRIVE PARSIPPANY NJ 07054 SECURITY SERVICES 574891 CANON BUSINESS PROCESS SERVICES 460 WEST 34TH STREET 6TH FLOOR NEW YORK NY 10001 DOCUMENT MANAGEMENT SERVICES 445225 PROFESSIONAL STAFFING GROUP 155 FEDERAL STREET BOSTON MA 02110 STAFFING SERVICES 386129 16 32300 538489 2631849 21657 3202638 TUITION AND FEES 900099 262225977 262225977 ROOM AND BOARD REVENUE 531110 14627683 14627683 RESEARCH GRANTS 900099 8052899 8052899 OTHER REVENUES 900099 1908229 1908229 CONTINUING EDUCATION 900099 194199 194199 287008987 22550034 22550034 3237325 3215128 22197 22197 22197 250533755 199295884 51237871 51237871 51237871 25125 32300 25125 0 364021727 287008987 0 73810102 36643834 36643834 6626713 1075141 5394187 157385 79595858 74681643 4665961 248254 5508772 5056665 429268 22839 10390702 9822107 514296 54299 5673924 4947256 696961 29707 425461 425461 160185 160185 75000 75000 1972057 1972057 2228654 1787928 354155 86571 1335632 1335632 365065 211527 125941 27597 3048375 2923584 120902 3889 16119777 14519475 1582525 17777 1840309 1721764 114186 4359 2995876 2423732 518830 53314 2973864 2105946 852074 15844 11704081 9993405 1638383 72293 756109 2423 753686 INSTITUTIONAL STIPENDS 5412906 5412906 BANK & CREDIT CARD FEES 1885859 5656 1880203 STUDENT MEAL PLANS 1739965 1739965 CLASSROOM SUPPLIES 1476277 1476277 5094829 2119769 2886259 88801 206050084 180006635 25160520 882929 11520 13223 36973783 23913511 633624 722542 2353175 1800290 9363553 9438293 4259237 4277943 354801535 143605093 209351806 211196442 486211847 576761317 361632885 443373127 15353160 16236542 1126144590 1287733230 12957089 16089185 20120344 23174208 78363778 74424121 11951445 9315744 8397254 8519717 131789910 131522975 X 962869742 1120979240 12351061 14803489 19133877 20427526 994354680 1156210255 1126144590 1287733230 157971643 3883932 0 X 0 1 X 1 1 1 X 75000 75000 205092155 205167155 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 0 75000 75000 250000 250000 250000 250000 1000000 1500000 0 0 0 0 39415007 1103744 4275471 332600 456437 44005185 34706071 170410 5137301 243485 355290 39415007 35029037 347380 -74807 227910 367629 34706071 34396880 1114910 75552 189935 368370 35029037 29970677 208595 4707691 158876 331207 34396880 0.25740 0.44110 0.30150 0 0 14366366 14366366 320173673 130213156 189960517 20261496 13391937 6869559 211196442 REAL ESTATE FUNDS 15376597 F FIXED INCOME FUNDS 53867607 F INTERNATIONAL EQUITY FUNDS 51370630 F ASSET ALLOCATION FUNDS 163725745 F INFLATION PROTECTION FUNDS 44516289 F ALTERNATIVE ASSET FUNDS 114516259 F 443373127 GOVT ADVANCES - STUDENT LOANS 8519717 8519717 X 329314893 3883932 25125 3909057 325405836 1972057 36643834 38615891 364021727 167459318 25125 25125 167434193 1972057 36643834 38615891 206050084 PART V, LINE 4: ENDOWMENT FUNDS ARE PERPETUALLY INVESTED AND ADMINISTERED IN ACCORDANCE WITH DONOR RESTRICTION OR BOARD DESIGNATION. EARNINGS APPROPRIATED FROM ENDOWMENT FUNDS ARE DESIGNATED AND USED FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN ACTIVITIES OF EXEMPT ORGANIZATIONS MAY BE SUBJECT TO FEDERAL AND STATE TAXATION AS UNRELATED BUSINESS INCOME. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE UNIVERSITY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE LIKELIHOOD OF POSITIONS BEING SUSTAINED ON THEIR TECHNICAL MERITS WHILE UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF TAX POSITIONS ARE DEEMED TO CARRY SIGNIFICANT UNCERTAINTY, UNRECOGNIZED TAX LIABILITIES ARE ESTIMATED FOR DISCLOSURE BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS IDENTIFIED ITS TAX STATUS AS AN EXEMPT ORGANIZATION AND DETERMINATION OF BUSINESS INCOME AS RELATED OR UNRELATED TO ITS EXEMPT PURPOSES AS ITS ONLY SIGNIFICANT TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE. THE UNIVERSITY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE UNIVERSITY'S FEDERAL INFORMATION RETURNS ARE GENERALLY OPEN TO EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COSTS REPORTED ON FORM 990, PART VIII, LINE 8B - DIRECT EXPENSES OF FUNDRAISING EVENT 25,125. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES DEDUCTED FROM REVENUES IN CONSOLIDATED AUDITED FINANCIAL STATEMENTS 36,643,834. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COSTS REPORTED ON FORM 990, PART VIII, LINE 8B - DIRECT EXPENSES OF FUNDRAISING EVENT 25,125. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES DEDUCTED FROM REVENUES IN CONSOLIDATED AUDITED FINANCIAL STATEMENTS 36,643,834. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE PART II PART I, LINE 3: THE UNIVERSITY'S NON-DISCRIMINATORY POLICY APPEARS ON ALL APPLICATION FORMS FOR ADMISSION AND EMPLOYMENT. THE UNIVERSITY COMPLIES WITH FEDERAL AND STATE REGULATIONS REGARDING NON-DISCRIMINATION. PART I, LINE 6A: THE UNIVERSITY RECEIVED TITLE IV MONIES FROM THE UNITED STATES DEPARTMENT OF EDUCATION, AS WELL AS FUNDS FROM VARIOUS STATE AGENCIES. THESE MONIES RECEIVED WERE RESTRICTED TO AND USED FOR STUDENT FINANCIAL AID APPLIED TO TUITION AND FEES IN ACCORDANCE WITH FEDERAL AND STATE REGULATIONS. GOLF EVENT 57425 32300 25125 14000 5397 5728 57425 32300 25125 14000 5397 5728 25125 0 1 STUDENT SCHOLARSHIPS 4945 0 36643834 SCHOLARSHIP AWARDS TUITION DISCOUNTS PART I, LINE 2: THE UNIVERSITY'S STUDENT SCHOLARSHIPS (GRANTS) ARE NON-CASH TUITION DISCOUNTS APPLIED DIRECTLY TO STUDENT ACCOUNTS AND CANNOT BE DIVERTED FROM INTENDED USES. THE NUMBER OF RECIPIENTS REPORTED ABOVE WAS COMPILED FROM SCHOLARSHIP DISBURSEMENT RECORDS FOR THE REPORTED FISCAL YEAR. THE UNIVERSITY'S FINANCIAL AID OFFICE MONITORS ALL RECIPIENTS OF SCHOLARSHIP AWARDS TO DETERMINE BOTH INITIAL AND CONTINUING ELIGIBILITY BASED UPON THE CRITERIA FOR EACH TYPE OF AWARD. CRITERIA MAY INCLUDE, BUT IS NOT LIMITED TO, ACADEMIC STANDING AND FINANCIAL NEED. X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 CHARLES F MONAHAN JR PRESIDENT 818000 0 400000 0 27008 0 279000 0 14787 0 1538795 0 0 0 RICHARD J LESSARD EXEC. VP - COO AND CFO 627500 0 315000 0 10062 0 152000 0 14801 0 1119363 0 0 0 GEORGE E HUMPHREY VPAA - PROVOST (UNTIL 12/2017) 363375 0 175000 0 41227 0 27000 0 7973 0 614575 0 0 0 CAROLINE ZEIND VPAA - PROVOST (AS OF 6/2018) 299247 0 50000 0 1060 0 27000 0 13995 0 391302 0 0 0 MARGUERITE JOHNSON VP FOR DEVELOPMENT 315000 0 175000 0 1144 0 27000 0 473 0 518617 0 0 0 DEBORAH A O'MALLEY VP, GENERAL COUNSEL, CCO 316000 0 110000 0 13901 0 27000 0 7478 0 474379 0 0 0 THOMAS A SCANLON CHIEF INFO OFFICER 327500 0 40000 0 14788 0 27000 0 20223 0 429511 0 0 0 KEITH A BELLUCCI CHIEF BUSINESS OFFICER 312500 0 60000 0 1141 0 27000 0 22001 0 422642 0 0 0 KATHLEEN RYAN-O'NEIL CHIEF ENROLLMENT OFFICER 235000 0 40000 0 11319 0 23500 0 13913 0 323732 0 0 0 PAUL DIFRANCESCO DEAN 258108 0 0 0 979 0 25810 0 22001 0 306898 0 0 0 MARY LILLY CHRO (UNTIL 6/2017) 106500 0 25000 0 32680 0 13886 0 6530 0 184596 0 0 0 MICHAEL MONTAGNE ASSOCIATE PROVOST 264933 0 0 0 1000 0 26494 0 14257 0 306684 0 0 0 CHARLES BRECKLING CHIEF DIGITAL MARKETING OFFICER 263750 0 0 0 995 0 17792 0 21208 0 303745 0 0 0 MORRIS BERMAN DEAN 261292 0 0 0 975 0 8833 0 13532 0 284632 0 0 0 CAROL A ELIADI DEAN 238470 0 0 0 908 0 23448 0 352 0 263178 0 0 0 DELIA ANDERSON DEAN 242320 0 0 0 932 0 24235 0 14223 0 281710 0 0 0 PART I, LINE 1A: RESIDENCE FOR PERSONAL USE THE PRESIDENT OF THE UNIVERSITY PERIODICALLY STAYS OVERNIGHT IN UNIVERSITY OWNED FACILITIES. THE FAIR MARKET RENT VALUE OF THESE LODGING ACCOMMODATIONS ARE REPORTED ANNUALLY IN THE PRESIDENT'S FORM W-2 ANNUAL WAGE AND TAX STATEMENT AS A TAXABLE FRINGE BENEFIT, AND HAVE BEEN INCLUDED IN COLUMN B (III) OF SCHEDULE J AS OTHER REPORTABLE COMPENSATION. SOCIAL CLUB DUES THE UNIVERSITY PROVIDES FOR THE ANNUAL COST OF MEMBERSHIP DUES IN TWO SOCIAL CLUBS FOR ITS PRESIDENT, LOCAL TO CAMPUS. THE FULL AMOUNT OF DUES PAID IS REPORTED ANNUALLY ON THE PRESIDENT'S FORM W-2 ANNUAL WAGE AND TAX STATEMENT AS A TAXABLE FRINGE BENEFIT PURSUANT TO INTERNAL REVENUE CODE SECTION 274(A)(3), AND HAS BEEN DISCLOSED IN COLUMN B (III) OF SCHEDULE J. THE USE OF THE CLUBS IS PRIMARILY FOR THE PURPOSES OF BUSINESS MEETINGS AND COMMUNITY INVOLVEMENT FURTHERING THE INTERESTS OF THE UNIVERSITY. USE OF THE CLUBS IS DOCUMENTED AND ANY COSTS FOR PERSONAL MEALS OR USE ARE PAID BY THE PRESIDENT PERSONALLY WHEN INCURRED. PART I, LINE 4B: DURING THE YEAR, THE UNIVERSITY'S PRESIDENT AND EXECUTIVE VICE PRESIDENT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE PAID DURING THE YEAR, AND AMOUNTS ACCRUED ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. PART I, LINE 7: SEVERAL OFFICERS AND KEY EMPLOYEES RECEIVED NON-FIXED, NON-CONTRACTUAL PAYMENTS REPRESENTING PERFORMANCE PAYMENTS DETERMINED ON A DISCRETIONARY BASIS RESULTING FROM ANNUAL PERFORMANCE APPRAISAL AND COMPENSATION REVIEW. A SEE PART VI 043431814 57583UUU0 2013-02-07 27794152 ADVANCE REFUNDING 0 0 0 B SEE PART VI 043431814 57583U5H7 2015-03-25 22717475 ADVANCE REFUNDING 0 0 0 A 27794152 357421 2013 0 1 1 1 B 22717475 271256 2015 0 1 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 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (B) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2018 (B) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2018 FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE MEMBERSHIP CONSISTS OF THE CHAIRMAN OF THE BOARD OF TRUSTEES AND OTHER MEMBERS OF THE BOARD OF TRUSTEES AS NOMINATED BY THE CHAIRMAN. THE FULL BOARD OF TRUSTEES HAS VOTED TO DELEGATE TO THE EXECUTIVE COMMITTEE ALL THE POWERS OF THE TRUSTEES EXCEPT THOSE POWERS WHICH BY LAW, BY THE UNIVERSITY'S CHARTER, OR THE UNIVERSITY'S BY-LAWS ARE PROHIBITED FROM DELEGATING. SUCH POWERS MAY BE EXERCISED DURING INTERVALS BETWEEN THE MEETINGS OF THE FULL BOARD, AND THE EXECUTIVE COMMITTEE SHALL REPORT THE EXERCISE OF ANY SUCH POWERS TO ALL TRUSTEES WITHIN A REASONABLE TIME THEREAFTER. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY IS A NON-STOCK CORPORATION WITH ONE CLASS OF CORPORATION MEMBERS WHOSE RESPONSIBILITY IS TO ELECT MEMBERS OF THE BOARD OF TRUSTEES (THE "BOARD"), THE UNIVERSITY'S GOVERNING BODY. MEMBERS DO NOT APPROVE SIGNIFICANT DECISIONS OF THE BOARD. MEMBERS DO NOT RECEIVE ANY SHARE OF THE ORGANIZATION'S PROFITS OR ANY SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A SEE EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 6 ABOVE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE UNIVERSITY'S COMPLETED FORM 990 IS DISTRIBUTED TO ALL TRUSTEES PRIOR TO FILING. THE FORM 990 IS ALSO REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHOSE MEMBERS SUBSTANTIALLY REPRESENT THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THIS REVIEW PROVIDES FOR DETAILED OVERSIGHT AMONG INDIVIDUALS GOVERNING UNIVERSITY FINANCES AND OFFICER COMPENSATION. FORM 990 IS ALSO REVIEWED BY THE UNIVERSITY'S CHIEF FINANCIAL OFFICER, CHIEF BUSINESS OFFICER AND INDEPENDENT ADVISORS FROM A NATIONAL ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED ANNUALLY TO COMPLETE A STATEMENT DISCLOSING ALL BUSINESS AND FAMILY RELATIONSHIPS THAT COULD CREATE A CONFLICT OF INTEREST WITHIN THE UNIVERSITY. ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE TRUSTEES INDEPENDENT OF THE PERSON CONCERNED, AND RESOLUTIONS ARE VOTED PRESERVING THE UNIVERSITY'S INTERESTS WHILE THE PERSON WITH THE POTENTIAL OR ACTUAL CONFLICT IS RECUSED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE UNIVERSITY'S PRESIDENT AND CERTAIN VICE PRESIDENTS IS REVIEWED AND AUTHORIZED BY THE COMPENSATION COMMITTEE, WHOSE MEMBERS ALSO SERVE ON THE UNIVERSITY'S FINANCE COMMITTEE. NO PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS SERVE ON THE COMMITTEE. A COMPENSATION CONSULTANT PROVIDES THE GROUP WITH DATA AND RECOMMENDATIONS INCLUDING COMPARABLE COMPENSATION FOR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS. COMMITTEE MINUTES, DECISIONS, AND COMPENSATION ARRANGEMENTS ARE ALL CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION COMMITTEE LAST COMPLETED THEIR OFFICER COMPENSATION REVIEW PROCESS IN FISCAL YEAR ENDED JUNE 30, 2018. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENT IS ITS CORPORATE CHARTER ENACTED BY MASSACHUSETTS LEGISLATURE, A COPY OF WHICH IS PROVIDED UPON REQUEST AND IS ALSO PUBLICLY AVAILABLE AT THE OFFICE OF THE SECRETARY OF MASSACHUSETTS. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES IS PART OF THE UNIVERSITY'S BY-LAWS AND IS AVAILABLE UPON REQUEST. THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICE OF THE ATTORNEY GENERAL OF MASSACHUSETTS, AS FILED ANNUALLY WITH MASSACHUSETTS FORM PC - REPORT OF PUBLIC CHARITIES. AUDITED FINANCIAL STATEMENTS ARE ALSO PROVIDED ON REQUEST.