2019-05-15T12:21:27-05:00 2018-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2017-07-01 042225850 COLLEGE OF OUR LADY OF THE ELMS COLL 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 KATIE LONGLEY VP OF FINANCE AND ADMINISTRATION 4135942761 2019-05-13 1 RUDY M D'AGOSTINO P00962620 4135368510 2019-05-13 50.201.193.62 2019-05-13 12:47:20 ED P C6CC35AC4E2432ADF5195BD09D378E083022FF6C C3916ABABD9A915BF4D94D5A07AA97F6BB8EEF94 2017 2019-02-21 02:37:17Z KATIE LONGLEY 291 SPRINGFIELD STREET CHICOPEE MA 01013 43060851 0 X WWW.ELMS.EDU X 1928 MA TO EDUCATE A DIVERSE GROUP OF WOMEN AND MEN IN A SUPPORTIVE, VIBRANT LEARNING COMMUNITY. 35 35 819 89 47762 -149041 3259568 1703126 40274156 40544155 256173 410666 395201 390137 44185098 43048084 12707408 12832360 0 0 15847867 16614831 22000 0 685304 11899158 11969642 40476433 41416833 3708665 1631251 54583781 57082737 17350732 17384055 37233049 39698682 X THE COLLEGE OF OUR LADY OF THE ELMS, A CATHOLIC COLLEGE, EDUCATES A DIVERSE GROUP OF WOMEN AND MEN IN A SUPPORTIVE, VIBRANT LEARNING COMMUNITY. COMBINING A LIBERAL ARTS EDUCATION WITH PROFESSIONAL STUDIES, ELMS COLLEGE EMPOWERS STUDENTS TO EFFECT POSITIVE CHANGES IN THE COMMUNITY AND IN THE WORLD. AFFIRMING THE FOUNDING TRADITION OF THE SISTERS OF ST. JOSEPH, ELMS COLLEGE CHALLENGES STUDENTS TO EMBRACE CHANGE WITHOUT COMPROMISING PRINCIPLE, TO RESPOND CREATIVELY TO THE DEMANDS OF THEIR CHOSEN CAREERS, AND TO ADVOCATE FOR PEOPLE IN NEED. ELMS COLLEGE IS A COMMUNITY ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, AND RESPONSIVE TO CIVIC AND SOCIAL OBLIGATIONS. 0 0 28844694 12832360 35816469 THE COLLEGE IS DEVOTED TO EDUCATING MEN & WOMEN & HAS ADAPTED TO CHANGING TIMES BY DEVELOPING INNOVATIVE PROGRAMS DESIGNED TO PREPARE THEM FOR LEADERSHIP IN A WIDE VARIETY OF FIELDS. EDUCATIONAL PROGRAMS ARE OFFERED IN SEVEN DIFFERENT SESSIONS. DURING THE 2017/2018 SCHOOL YEAR, WE SERVED 1,940 FULL AND PART TIME STUDENTS. 1719412 4872727 AUXILIARY SERVICES INCLUDE CAFETERIA, HEALTH CENTER, AND OTHER FACILITIES PROVIDED FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, ADJUNCT, AND STAFF. 2,346 PEOPLE SERVED. 30564106 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 141 0 1 819 1 1 1 0 0 0 0 1 1 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KATIE LONGLEY 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 RICHARD BOURGEOIS TRUSTEE 2.00 X 0 0 0 KATHI DONAHUE TRUSTEE 2.00 X 0 0 0 WILLIAM FRAIN TRUSTEE 2.00 X 0 0 0 CATHERINE HOMROK SSJ TRUSTEE 2.00 X 0 0 0 CAROLYN JACOBS TRUSTEE 2.00 X 0 0 0 CYNTHIA LYONS CHAIR 2.00 X X 0 0 0 DAVID O'BRIEN TRUSTEE 2.00 X 0 0 0 KATHLEEN RIORDAN TRUSTEE 2.00 X 0 0 0 PAUL M STELZER VICE-CHAIR 2.00 X X 0 0 0 ELLEN W FREYMAN ESQ TRUSTEE 2.00 X 0 0 0 ANTHONY CIGNOLI TRUSTEE 2.00 X 0 0 0 FRANCIS KIRLEY TRUSTEE 2.00 X 0 0 0 VIRGINIA MAITLAND SSJ TRUSTEE 2.00 X 0 0 0 KATHY TOBIN TRUSTEE 2.00 X 0 0 0 JOHN D FLYNN TRUSTEE 2.00 X 0 0 0 JOAN KAGAN TRUSTEE 2.00 X 0 0 0 NANCY MACPHERSON TRUSTEE 2.00 X 0 0 0 JEAN BOSTLEY SSJ TRUSTEE 2.00 X 0 0 0 GINA KOS TRUSTEE 2.00 X 0 0 0 JANE THOMAS SSJ TRUSTEE 2.00 X 0 0 0 MARK HAMBLEY TRUSTEE 2.00 X 0 0 0 JOHN QUINN TRUSTEE 2.00 X 0 0 0 REGINA HITCHERY TRUSTEE 2.00 X 0 0 0 MELISSA GILLIS TRUSTEE 2.00 X 0 0 0 PETER HARRINGTON TRUSTEE 2.00 X 0 0 0 EDWARD NUNEZ TRUSTEE 2.00 X 0 0 0 KATHLEEN KANE TRUSTEE 2.00 X 0 0 0 MARTHA ROSS TRUSTEE 2.00 X 0 0 0 MICHAEL VANN TRUSTEE 2.00 X 0 0 0 JOHN E CONNORS TRUSTEE 2.00 X 0 0 0 ELIZABETH DINEEN TRUSTEE 2.00 X 0 0 0 JENNIFER PUTNAM TRUSTEE 2.00 X 0 0 0 JOAN RYEWICZ SSJ TRUSTEE 2.00 X 0 0 0 EILEEN O'LEARY SULLIVAN TRUSTEE 2.00 X 0 0 0 TRENTON E TAYLOR TRUSTEE 2.00 X 0 0 0 KIMBERLY WILLIAMS TRUSTEE THRU 4-1-17 2.00 X 0 0 0 BRIAN DOHERTY THRU 3-26-18 VP OF FIN & ADMIN/TREASURE 35.00 X 273750 0 14387 HARRY DUMAY PRESIDENT EFFECTIVE 7-1-17 35.00 X 181645 0 40234 KATIE LONGLEY EFF 3-26-18 VP OF FIN & ADMIN/TREASURE 35.00 X 0 0 0 WALTER BREAU VP OF ACADEMIC AFFAIRS 35.00 X 192392 0 25512 KATHLEEN SCOBLE DIRECTOR OF NURSING 35.00 X 130395 0 15054 CARLA OLESKA VP OF INSTITUTIONAL ADVANC 35.00 X 144927 0 21624 KIMBERLY KENNEY-ROCKWAL DIRECTOR OF MBA PROGRAM 35.00 X 123013 0 23621 JANET WILLIAMS PROFESSOR 35.00 X 132452 0 7819 1178574 0 148251 9 0 1 0 ARAMARK CORPORATION 291 SPRINGFIELD CHICOPEE MA 01013 FOOD SERVICES & FACILITIES MAINTENANCE 2864764 MAROIS CONTRUCTION COMPANY 262 OLD LYMAN ROAD SOUTH HADLEY MA 01075 CONSTRUCTION SERVICES 1165312 MCCORMICK-ALLUM CO INC 165 STAFFORD STREET SPRINGFIELD MA 01104 CONTRACTOR 1045413 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY CEDAR RAPIDS IA 52404 ENROLLMENT MANAGEMENT 170615 JOHN CANNING & CO LTD 150 COMMERCE COURT CHESHIRE CT 06410 HISTORIC RENOVATIONS 155804 6 3450 294149 1405527 26918 1703126 TUITION AND FEES 611310 35671428 35671428 ROOM, BOARD, BOOKS 611310 4872727 4872727 40544155 307216 307216 9000 9000 97107 0 97107 97107 97107 103450 0 103450 103450 103450 22007 3450 12767 9240 9240 WORK STUDY 611310 102620 102620 FITNESS CENTER:NONSTUD 713940 47762 47762 OTHER INCOME 611310 33552 25340 8212 90856 17081 73775 274790 43048084 40689196 47762 608000 12695364 12695364 136996 136996 662786 133654 395478 133654 13765510 10896746 2543032 325732 432038 319849 99368 12821 711061 483270 210523 17268 1043436 815417 196814 31205 63460 63460 105800 105800 53226 53226 324418 134789 189179 450 458252 315629 142623 1430262 817453 603809 9000 50277 966 49311 1274740 405830 868910 324923 293143 29799 1981 367110 288047 60733 18330 469318 286519 171676 11123 1998102 1395466 548463 54173 235428 235428 EQUIPMENT RENTAL & MAIN 1838054 106723 1697609 33722 FOOD SERVICES 1347568 1347568 INSTITUTIONAL SUPPORT 515432 466857 48575 WORK STUDY EXPENSE 286231 173052 103848 9331 827041 398336 402191 26514 41416833 30564106 10167423 685304 490082 407747 10324757 11255485 1172352 765253 400779 394536 9658466 9574422 685150 614821 49208694 28598611 19497473 20610083 7945718 8867700 4231990 4467283 177014 125407 54583781 57082737 1563435 2247345 1507912 1555963 12647858 12210430 264395 269880 594701 450066 772431 650371 17350732 17384055 X 24424718 27485379 3984508 3097378 8823823 9115925 37233049 39698682 54583781 57082737 X 1631251 883055 -108233 59560 X X 0 1 X 1 1 1 X 2038787 1774782 2162141 3259568 1703126 10938404 2038787 1774782 2162141 3259568 1703126 10938404 845394 10093010 245082 359441 339441 345229 413323 1702516 12640920 689077 0.79840 0.79260 X 48000 X X X 0 0 1 X 11900951 599658 778460 428012 53226 12797831 10459340 494056 1263542 268526 47461 11900951 10749485 442515 -406006 277722 48932 10459340 10695225 176812 146721 220508 48765 10749485 9309498 118451 1529242 211163 50803 10695225 0.14310 0.69560 0.16130 1 0 144370 144370 31052477 14902733 16149744 15005965 11530602 3475363 3005882 2165276 840606 20610083 FIXED INCOME INVESTMENTS 1659641 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 599035 F LIMITED PARTNERSHIPS 2208607 F 4467283 GRANTS REFUNDABLE 576963 ANNUITY OBLIGATIONS 52546 DUE TO FRIENDS OF ELMS 20862 650371 X 31171106 883055 59560 942615 30228491 12819593 12819593 43048084 28939282 354809 354809 28584473 12832360 12832360 41416833 PART III, LINE 4: DESCRIPTION OF COLLECTION: 33" X 20" WATERCOLOR BY ENRICO TARENGHI WITH VALUE OF $14,000 AND 40 ETCHINGS BY SEARS GALLAGHER WITH TOTAL VALUE OF $34,000. THE ARTWORK PROVIDES AN EXAMPLE OF HOLISTIC ENRICHMENT FOR THE STUDENTS AND PROMOTES THE CONCEPTS SET FORTH IN A LIBERAL ARTS COLLEGE. ALUMNAE LIBRARY ALSO HAS A COLLECTION OF SOME 1000 RARE BOOKS DATING BETWEEN 1521 AND 1900, APPROXIMATELY 50 PAINTINGS BY VARIOUS HANDS, AND AN ASSORTED COLLECTION OF REGALIA FROM DIVERSE COUNTRIES. THE LIBRARY ALSO OWNS ONE MEDIEVAL MANUSCRIPT, ABOUT A HALF-DOZEN FRAMED MEDIEVAL PAGES, AND CURRENTLY HAS TWO MANUSCRIPTS ON LOAN. THE MATERIALS ARE USED SOLELY FOR DISPLAY AND SCHOLARLY RESEARCH. ALL MATERIALS ARE BEING DIGITIZED AND PRESERVED PER THE LIBRARY'S STRATEGIC PLAN. PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT FUNDS PLACED ON DEPOSIT BY EACH CLASS AND OTHER GROUPS WITH THE COLLEGE AS CUSTODIAN. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD FOR STUDENT SCHOLARSHIPS, CONVOCATION AWARDS, AND TO SUPPORT LIBRARY AND EDUCATION DEPARTMENT OPERATIONS. PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 25,370. WRITE-OFF OF CHARITABLE REMAINDER ANNUITY LIABILITY 34,190. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 12,832,360. FUNDRAISING EVENT EXPENSES -12,767. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATES' EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 342,042. FUNDRAISING EVENT EXPENSES 12,767. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,832,360. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ALL APPROPRIATE SCHOOL PUBLICATIONS. SCHEDULE E, PART I, LINE 6 6A: THE COLLEGE RECEIVES GOVERNMENT FINANCIAL ASSISTANCE WHICH IS AWARDED TO THE STUDENTS AS SCHOLARSHIPS AND OTHER FINANCIAL AID. 1 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS & TUITION WAIVERS EDUCATIONAL ASSISTANCE 10200 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS & TUITION WAIVERS EDUCATIONAL ASSISTANCE 64440 EUROPE 0 0 SCHOLARSHIPS & TUITION WAIVERS EDUCATIONAL ASSISTANCE 24356 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PROGRAM SERVICESPROGRAM SERVICES ASSISTED IN SCHOOLS AND HOSPITALS 3450 SOUTH ASIA 0 0 PROGRAM SERVICES ASSISTED IN PROVIDING WATER SOURCES 4050 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTINVESTMENTS NO ACTIVITY 2208607 SOUTH AMERICA 0 0 SCHOLARSHIPS, GRANT & TUITION WAIVERS EDUCATIONAL ASSISTANCE 38000 0 0 0 0 0 0 2353103 0 2353103 TUITION WAIVER EUROPE 1 8156 CREDIT TO TUITION BALANCE TUITION WAIVER EAST ASIA AND THE PACIFIC 2 49440 CREDIT TO TUITION BALANCE SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 15000 CREDIT TO TUITION BALANCE SCHOLARSHIP SOUTH AMERICA 2 38000 CREDIT TO TUITION BALANCE SCHOLARSHIP SUB-SAHARAN AFRICA 1 9000 CREDIT TO TUITION BALANCE SCHOLARSHIP EUROPE 1 15000 CREDIT TO TUITION BALANCE TUITION WAIVER EUROPE 1 1200 CREDIT TO TUITION BALANCE TUITION WAIVER SUB-SAHARAN AFRICA 1 1200 CREDIT TO TUITION BALANCE 1 0 1 0 0 0 PART I, LINE 2: EDUCATIONAL ASSISTANCE IS A DIRECT PAYMENT OF STUDENTS' TUITION. STUDENTS' OVERSEAS SERVICE TRIPS ARE MONITORED BY FACULTY AND STAFF MEMBERS. GOLF FUNDRAISER 25457 3450 22007 300 2752 4715 4038 962 25457 3450 22007 300 2752 4715 4038 962 12767 9240 1 SCHOLARSHIPS AND GRANTS 795 12655964 SCHOLARSHIPS TO PUERTO RICO STUDENTS 4 39400 PART I, LINE 2: FINANCIAL AID DISBURSEMENTS ARE MADE TO STUDENTS QUALIFYING FOR FINANCIAL GRANTS AND ARE BASED ON DEMONSTRATED FINANCIAL NEED AS REPORTED THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSSFA) APPLICATIONS. THEY ARE MONITORED IN ACCORDANCE WITH FEDERAL REGULATIONS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BRIAN DOHERTY THRU 3-26-18 VP OF FIN & ADMIN/TREASURE 273750 0 0 0 0 0 8601 0 5786 0 288137 0 71152 0 HARRY DUMAY PRESIDENT EFFECTIVE 7-1-17 166645 0 15000 0 0 0 8936 0 31298 0 221879 0 0 0 WALTER BREAU VP OF ACADEMIC AFFAIRS 192392 0 0 0 0 0 8160 0 17352 0 217904 0 0 0 CARLA OLESKA VP OF INSTITUTIONAL ADVANC 144927 0 0 0 0 0 7533 0 14091 0 166551 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS INCLUDED IN OFFICER'S W-2. MEMBERSHIPS TO SPRINGFIELD COUNTRY CLUB & COLONY CLUB ARE PROVIDED AND ARE PAID DIRECTLY TO VENDOR. PART I, LINE 3 DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS CUPA, AS WELL AS THE DIVISION OF LABOR STATISTICS FOR SALARIES IN THE 25%-50% PERCENTILE FOR COLLEGES SIMILAR TO THE ELMS. THIS INFORMATION IS COMPARED TO MANAGEMENT'S COMPENSATION BASED ON JOB TITLE, JOB DESCRIPTION, AND JOB EXPERIENCE TO DETERMINE WHETHER THE COLLEGE'S COMPENSATION IS COMPARABLE. THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND THEN SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. PART I, LINE 4B BRIAN DOHERTY, NO AMOUNT WAS ACCRUED ON HIS BEHALF THIS YEAR AND THE HE WAS PAID THE BALANCE UPON RETIREMENT OF $71,152. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2012-08-08 14000000 BUILDING RENOVATIONS, PAY OFF PREVIOUS 2010 SERIES BOND AND OTHER DEBT. 0 0 0 A 4864258 14000000 227025 8908717 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 0 0 RELATED TO SUBSTANTIAL CONTRIBUTOR ENTITY MORE THAN 35% OWNED BY SUBSTANTIAL CONTRIBUTOR TO ELMS COLLEGE 152023 COMPANY OWNED BY SUBSTANTIAL CONTRIBUTOR WAS HIRED AT ARMS LENGTH TO PROVIDE TRANSPORTATION SERVICES TO STUDENTS. 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR OF ELMS COLLEGE 2011338 SUBSTANTIAL CONTRIBUTOR OF ELMS COLLEGE WAS HIRED AT ARMS LENGTH TO PROVIDE FOOD SERVICES & FACILITIES MAINTENTANCE TO THE COLLEGE 0 X 3100 50% OF ESTIMATED COST X 1 15288 STOCK EXCHANGE VALUATION X AUDIO LAB ITEMS 1 8530 50% OF ESTIMATED COS 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S CPA FIRM PREPARES THE 990 WHICH IS SUBSEQUENTLY REVIEWED BY THE COLLEGE'S VP OF FINANCE. THE 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND THEY VOTE TO ACCEPT THE 990 FOR FILING. THE 990 IS THEN PLACED ON A SECURE WEBSITE FOR BOARD MEMBERS TO REVIEW PRIOR TO THE 990 BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT OF INTEREST POLICY ARE DISTRIBUTED TO ALL BOARD MEMBERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES. THEY ARE REQUIRED TO MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF THEIR INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON ANY CONFLICTED TRANSACTION. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING ON ANY RELATED ISSUES. FORM 990, PART VI, SECTION B, LINE 15 ELMS COLLEGE'S PROCESS FOR DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS CUPA, AS WELL AS THE DIVISION OF LABOR STATISTICS FOR SALARIES IN THE 25%-50% PERCENTILE FOR COLLEGES SIMILAR TO THE ELMS. THIS INFORMATION IS COMPARED TO MANAGEMENT'S COMPENSATION BASED ON JOB TITLE, JOB DESCRIPTION, AND JOB EXPERIENCE TO DETERMINE WHETHER THE COLLEGE'S COMPENSATION IS COMPARABLE. THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND THEN SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: NET CHANGE ON INVESTMENTS HELD IN TRUST BY OTHERS 25,370. WRITE-OFF OF CHARITABLE REMAINDER ANNUITY LIABILITY 34,190. PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE FISCAL YEAR. THE FRIENDS OF ELMS COLLEGE INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 208196902 SUPPORT EDUCATIONAL MISSION OF ELMS COLLEGE MA 501(C)(3) SUPPORTING ORG COLLEGE OF OUR LADY OF THE ELMS 1 ELMS COLLEGE FOUNDATION INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 462395041 SUPPORT EDUCATIONAL MISSION OF ELMS COLLEGE MA 501(C)(3) SUPPORTING ORG COLLEGE OF OUR LADY OF THE ELMS 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 THE FRIENDS OF ELMS COLLEGE INC K 138567 FAIR MARKET VALUE THE FRIENDS OF ELMS COLLEGE INC D 20862 FUNDS TRANSFERRED ELMS COLLEGE FOUNDATION D 50000 FUNDS TRANSFERRED