2018-05-14T17:11:10-05:00 2017-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2016-07-01 042103865 Bay Path University % John E O'Rourke III BAYP 4135651000 588 Longmeadow Street Longmeadow MA 01106 MICHAEL GIAMPIETRO VP FINANCE & ADMIN 4135651000 2018-05-14 true JACOB JOHNSON P01763226 6179881000 2018-05-10 2016 2022-09-23 18:48:47Z MICHAEL GIAMPIETRO 588 Longmeadow Street Longmeadow MA 01106 79123582 false X www.baypath.edu X 1940 MA A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES WITH AN INNOVATIVE APPROACH TO LEARNING. 37 37 1428 183 5929 4060212 4568258 59088701 62866051 2930210 1109793 850647 777805 66929770 69321907 12067820 11850203 0 0 29240027 31874976 21045 0 979206 18857348 20861263 60186240 64586442 6743530 4735465 101810985 111632574 28400044 30107150 73410941 81525424 X A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES WITH AN INNOVATIVE APPROACH TO LEARNING THAT PREPARES STUDENTS TO FLOURISH IN A CONSTANTLY CHANGING WORLD. SEE SCHEDULE O. false false 53521996 11850203 59845599 THE UNIVERSITY PROVIDES INSTRUCTIONS, ACADEMIC SUPPORT, STUDENT SERVICES, AND STUDENT FINANCIAL AID TO CARRY OUT ITS EXEMPT PURPOSES, SERVING APPROXIMATELY 3,400 STUDENTS 2447061 3701262 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, AND STAFF. THIS INCLUDES DINING SERVICES, STUDENT HOUSING,THE BOOKSTORE, AND OTHER MISCELLANEOUS SERVICES. THE UNIVERSITY SERVED APPROXIMATELY 3,400 STUDENTS, INCLUDING APPROXIMATELY 300 RESIDENT STUDENTS 55969057 true true false false false false false false true true true false false false true true true false true true true false true false true false false true true true true false false false false false false false false false false true false false false false false false false true 4536 0 true 1428 true true true true CJ false false false true true false false false false X 37 37 false false true false false false false true true false false false true true true true true true true false MA X John E O'Rourke III 4135651219 585 Longmeadow Street Longmeadow MA 01106 X Susan Davis Abello Trustee 1.0 0.0 X 0 0 0 Tania M Barber Trustee 1.0 0.0 X 0 0 0 Delcie D Bean IV Trustee 1.0 0.0 X 0 0 0 Kay Bernon Trustee 1.0 0.0 X 0 0 0 Jonathan F Besse Trustee, Board Vice Chair 2.0 0.0 X X 0 0 0 Roberta B Bolduc Trustee 1.0 0.0 X 0 0 0 James M Brennan Trustee 1.0 0.0 X 0 0 0 Cindy M Burke Trustee 1.0 0.0 X 0 0 0 Carrie Burr Trustee 1.0 0.0 X 0 0 0 Mary A Bushnell Trustee 1.0 0.0 X 0 0 0 Martin M Caine Trustee 1.0 0.0 X 0 0 0 Susanne E Churchill Trustee 1.0 0.0 X 0 0 0 Andrew M Davis Trustee 1.0 0.0 X 0 0 0 Kathleen A Devlin Trustee 1.0 0.0 X 0 0 0 Dianne Fuller Doherty Trustee 1.0 0.0 X 0 0 0 Anne B Hammer Trustee 1.0 0.0 X 0 0 0 Samuel R Hanmer Trustee 1.0 0.0 X 0 0 0 John F Heaps Jr Trustee 1.0 0.0 X 0 0 0 Stephen D Hoyt Trustee 1.0 0.0 X 0 0 0 George C Keady III Trustee 1.0 0.0 X 0 0 0 Estela R Lopez PhD Trustee 1.0 0.0 X 0 0 0 Grace Makari-Judson MD Trustee 1.0 0.0 X 0 0 0 Angie B McGinnis Trustee 1.0 0.0 X 0 0 0 Robyn A Newhouse PhD Trustee 1.0 0.0 X 0 0 0 Lynn Pellerano Trustee 1.0 0.0 X 0 0 0 Patricia J Pierce CFA Trustee, Board Chair 5.0 0.0 X X 0 0 0 Millie Roman-Buday Trustee 1.0 0.0 X 0 0 0 Lori S Roop Trustee 1.0 0.0 X 0 0 0 Jane E Roulier Trustee 1.0 0.0 X 0 0 0 Barbara Sadowsky Trustee 1.0 0.0 X 0 0 0 Yesenia Y Santos Trustee 1.0 0.0 X 0 0 0 Gloria Smith Trustee 1.0 0.0 X 0 0 0 Mary Ann Spencer CFA Trustee 1.0 0.0 X 0 0 0 Richard B Steele Trustee 1.0 0.0 X 0 0 0 Brian Tuohey Trustee 1.0 0.0 X 0 0 0 Joel L Vengco Trustee 1.0 0.0 X 0 0 0 Hamline C Wilson Trustee 1.0 0.0 X 0 0 0 Carol A Leary President 55.0 0.0 X 396303 0 80171 Melissa Morriss-Olson Provost/VP Academic Affairs 50.0 0.0 X 211354 0 27645 Michael Giampietro VP Finance & Admin Services 50.0 0.0 X 196912 0 40976 Kathleen Bourque VP INST'L ADV & SEC. OF CORP. 50.0 0.0 X 160438 0 16866 Elizabeth Fleming Dean Ed. Human Health Sciences 50.0 0.0 X 148778 0 25987 Vana Nespor VP for Special Initiatives 50.0 0.0 X 146102 0 15574 Caron Hobin VP for Strategic Alliances 50.0 0.0 X 142894 0 26995 Thomas Loper Dean Sciences and Management 50.0 0.0 X 132274 0 28029 Amanda Gould Dean Research & Acad Resources 50.0 0.0 X 146968 0 15368 1682023 0 277611 31 false true false Aramark Services Inc 1101 Market Street Philadelphia PA 19107 Food Service 1491683 The Guild for Human Services Inc 521 Virginia Road Concord MA 01742 Construction 1023381 Thayer Street Associates Inc 8 Coates Avenue South Deerfield MA 01373 Construction 616414 Andrew Assoicates Inc 6 Pearson Way Enfield CT 06082 Adv. & Marketing 603729 Google Inc PO Box 3900 San Fransisco CA 94139 Adv. & Marketing 569862 30 119468 2121102 2327688 407817 4568258 Tuition and Fees 611430 58831193 58831193 Residence and Dining 611710 3701262 3701262 Women's Conference 611710 318275 318275 Theater Department 711110 15321 15321 62866051 955590 18 955572 0 0 187345 86446 100899 0 100899 1635 99264 9766391 9512901 99287 253490 -99287 154203 2632 151571 89393 119468 101236 -11843 -11843 8100 1805 6295 6295 0 0 0 OTHER REVENUE 900099 383198 383198 FOODSERVICE 624200 262429 260785 1644 BOOKSTORE 451211 36827 36827 682454 69321907 63546861 5929 1200859 102138 102138 11615296 11615296 132769 132769 0 1209988 253913 795001 161074 0 25075745 21611829 2967219 496697 1646389 1399737 226531 20121 1959769 1590617 289333 79819 1983085 1709146 234659 39280 0 46660 46660 98000 98000 0 0 0 4092976 3138193 872175 82608 5191052 4853682 337370 1821259 1605987 189565 25707 600527 575541 24986 0 1566121 1364070 202051 512720 453987 47852 10881 0 204415 175191 27097 2127 593767 475014 118753 0 3478527 3128030 350497 214062 214062 Student Board 1240242 1240242 Memberships 553525 428437 67210 57878 Entertainment 493703 11698 481673 332 OTHER 153707 103540 47485 2682 64586442 55969057 7638179 979206 0 0 3069256 5700949 1157637 1094692 2252024 5031358 0 0 0 0 2402606 2088825 47312 38510 796675 821590 85176176 44207972 40064696 40968204 48809238 52520727 3211541 3367719 0 0 0 0 0 0 101810985 111632574 3872615 3444062 752904 752904 2928172 6246904 18809227 17673807 143300 145552 0 0 0 0 0 0 1893826 1843921 28400044 30107150 X 61416128 67703631 3526222 3968307 8468591 9853486 73410941 81525424 101810985 111632574 X 4735465 3385313 -6295 X false true X true true true X 3054577 3078759 3752705 4060212 4568258 18514511 0 0 3054577 3078759 3752705 4060212 4568258 18514511 1064218 17450293 916371 696315 832007 837632 1054836 4337161 4306 3519 7633 3297 18755 5309 4585 6295 16189 22886616 270514513 0.76247 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 40824792 1171084 4575235 227107 23558 46320446 41457507 657397 -1064015 206604 19493 40824792 40865240 826440 -53727 161243 19203 41457507 35354876 583754 5399947 137567 335770 40865240 31742637 562033 3214619 150208 14205 35354876 0.77470 0.02420 0.20110 true false 5714216 5714216 804870 50748157 21988730 29564297 1578093 100619 1477474 26135504 22118623 4016881 195336 195336 40968204 0 ASSET RETIREMENT OBLIGATIONS 1664574 ANNUITY OBLIGATIONS 179347 1843921 X 61109871 3385313 -11748065 -8362752 69472623 -150716 -150716 69321907 52995388 157011 157011 52838377 11748065 11748065 64586442 SCHEDULE D, PART IV, LINE 2B The University holds deposits from students as security for residential dormitory damage, as well as tuition deposits. In addition, the University owns and rents residential properties near the campus. The tenants security deposits are maintained in escrow accounts at a local bank. SCHEDULE D, PART V, LINE 4 The Universitys endowment fund is an investment portfolio comprised of donor-restricted (true) and board-designated (quasi) endowment funds. The intentions of the fund are to generate a total return that preserves the long-term real purchasing power of the endowment funds and provides a relatively predictable and increasing revenue stream to be used for donor-specified and board-designated purposes that support the mission of the University. For Schedule D, University contributions include funds transferred from donor restricted funds to the unrestricted quasi-endowment fund to support the donor-restricted scholarships awarded during the year from liquid, unrestricted investments. SCHEDULE D, PART X, LINE 2 The University is an organization described under Internal Revenue Code (IRC) Section 501(c)(3) and is generally exempt from income taxes under Section 501(a) of the Code and applicable state laws. The University believes it has taken no significant uncertain tax provisions. SCHEDULE D, PART XI, LINE 2D SCHOLARSHIPS $ (11,748,065) SCHEDULE D, PART XI, LINE 4B RENTAL PROPERTY EXPENSE $ (55,775) RAFFLE NET INCOME $ 6,295 FUNDRAISING EXPENSE $ (101,236) ------------------- TOTAL $ (150,716) SCHEDULE D, PART XII, LINE 2D RENTAL PROPERTY EXPENSE $ 55,775 FUNDRAISING EXPENSE $ 101,236 ------------------- TOTAL $ 157,011 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 11,748,065 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 Publications, applications, registration forms, newspaper advertisements, and summer programs make reference to the Universitys racially nondiscriminatory policy. SCHEDULE E, PART I, LINE 6 All federal and state funds received are expended entirely for student financial aid in accordance with the U.S. Office of Management and Budget Circular A-133 for federal funds, and with specific requirements applicable to the Massachusetts Office of Student Financial Assistance Programs for state funds. true Europe (Including Iceland and Greenland) Program Services Study Abroad 8700 East Asia and the Pacific Program Services Marketing 3800 Europe (Including Iceland and Greenland) Program Services Laboratory Licensing 75000 East Asia and the Pacific Program Services Agents' Commissions 4910 Russia and the Newly Independent States Program Services Agents' Commissions 1637 Europe (Including Iceland and Greenland) Program Services Marketing 6900 Russia and the Newly Independent States Grantmaking 10000 Middle East and North Africa Grantmaking 6500 Sub-Saharan Africa Grantmaking 7500 East Asia and the Pacific Grantmaking 108769 Central America and the Caribbean Investments 2910136 3143852 3143852 Education Russia and the Newly Independent States 1 10000 Credit Acct Education Middle East and North Africa 1 6500 Credit Acct EDUCATION Sub-Saharan Africa 1 7500 Credit Acct EDUCATION East Asia and the Pacific 5 108769 Credit Acct true false true true true true SCHEDULE F, PART I, LINE 2 All grants and assistance to individuals outside of the United States are given as scholarships toward tuition for foreign students to attend Bay Path University. These scholarships are monitored by the Universitys Financial Aid staff based on the students merit and need. Dinner Dance 184427 112043 72384 2457 18745 43842 9170 12654 Golf Tournament 17869 7425 10444 1784 6549 2668 881 1 6565 6565 1547 939 208861 119468 89393 5788 25294 46510 9170 14474 101236 -11843 true TOWN OF LONGMEADOW 20 WILLIAMS STREET LONGMEADOW MA 01106 046001204 62658 PILOT PROGRAM TOWN OF EAST LONGMEADOW 60 CENTER SQUARE LONGMEADOW MA 01028 046001139 20000 PILOT PROGRAM 2 Scholarships and aid to students 1063 11615296 SCHEDULE I, PART I, LINE 2 Bay Path University receives grant money from federal and state government agencies for student financial aid. This grant money is disbursed to student accounts as it is received by the University. Student awards are based on the federal and state guidelines for each type of grant. Grants to charitable organizations are made in accordance with established financial policies and procedures. X X X X true true X X X false false false false false false false true false Carol A Leary President 391306 0 0 0 4997 0 42000 0 38171 0 476474 0 0 0 Melissa Morriss-Olson Provost/VP Academic Affairs 206505 0 2000 0 2849 0 18853 0 8792 0 238999 0 0 0 Michael Giampietro VP Finance & Admin Services 192423 0 4000 0 489 0 18572 0 22404 0 237888 0 0 0 Kathleen Bourque VP INST'L ADV & SEC. OF CORP. 158678 0 0 0 1760 0 14502 0 2364 0 177304 0 0 0 Elizabeth Fleming Dean Ed. Human Health Sciences 147872 0 0 0 906 0 13900 0 12087 0 174765 0 0 0 Vana Nespor VP for Special Initiatives 143178 0 1000 0 1924 0 13135 0 2439 0 161676 0 0 0 Caron Hobin VP for Strategic Alliances 141023 0 1000 0 871 0 13495 0 13500 0 169889 0 0 0 Thomas Loper Dean Sciences and Management 131549 0 0 0 725 0 12717 0 15312 0 160303 0 0 0 Amanda Gould Dean Research & Acad Resources 143789 0 3000 0 179 0 13072 0 2296 0 162336 0 0 0 SCHEDULE J, PART I, LINE 1A The Presidents employment contract allows for spousal travel. The travel is on a limited basis and typically involves the spouses service as a chaperone on the annual honors students trip to a world capital. The President resides in a University-owned house near the campus as required in her contract. Numerous functions take place at the Presidents home in support of the Universitys mission. Donors, faculty, staff, and students are welcomed throughout the year. Given the visibility of and the many events that take place at the Presidents residence, a University employee cleans the home at virtually no extra costs to the University. The availability and approachability of the President is a key element to instilling the sense of community and caring that is central to the Universitys mission. The University pays for the Presidents membership in a local country club and a social club, entirely for business purposes. The value of the Presidents housing is $18,648 for the year and is included in her Schedule J, Part II, Column (D) compensation. SCHEDULE J, PART I, LINE 7 THE AMOUNTS REPORTED IN PART II, COLUMN (B)(II) REPRESENT PERFORMANCE-BASED BONUSES. IN JUNE OF EACH YEAR, IF IT IS DETERMINED THAT SUFFICIENT FUNDS ARE AVAILABLE, THE PRESIDENT HAS DISCRETION IN OFFERING CERTAIN EMPLOYEES BONUSES FOR EXTRAORDINARY WORK PERFORMANCE. EMPLOYEES ELIGIBLE FOR THESE BONUSES USUALLY INCLUDE FULL-TIME, EXECUTIVE-LEVEL STAFF. THE PRESIDENT, WHO MAY CONSULT WITH THE DIVISIONAL VICE PRESIDENT IF NECESSARY, DETERMINES THE AMOUNT OF THE BONUSES TO BE AWARDED, SUBJECT TO RANGE LIMITS. IN JUNE 2016, THE RANGE LIMITS FOR EXECUTIVE STAFF WERE $1,000 TO $4,000 AND $250 TO $750 FOR ALL OTHERS. A Massachuesetts Development Fin Agency SERIES 2013 043431814 2013-12-23 19500000 CONSTRUCT/EQUIPT/REFUND 2006 false false false A 1702407 0 19500000 0 0 0 100000 0 0 12108657 6734874 556469 2014 true false false true A false false true true false 0.00004 0.00004 false false false true A false true true false true false 0 false 0 false true A false SCHEDULE K, PART II, LINE 11 12/23/2013 $19,500,000 Massachusetts Development Finance Agency Other spent proceeds of $6,734,874 represents the amount used to pay off the outstanding balance of a prior bond issue. SCHDULE K, PART V THE UNIVERSITY IS WORKING TO REVISE ITS WRITTEN POLICY TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. X 19 367817 FMV X PIANO 1 40000 FMV 0 false true true SCHEDULE M, PART I, LINE 32B The University used a third party to sell gifts of stock. FORM 990, PART III, LINE 1 The Bay Path experience is nothing less than transformational. Our women-only undergraduate programs and our coeducational graduate programs are offered both on-campus and online, providing a flexible, 21st-Century education for learners at all stages of life and career. Bay Path students find a supportive and diverse community, close mentoring, and rigorous preparation for success in a complex and globally interdependent society. Students graduate with the applied knowledge, portable skillset, and confidence to thrive in their professions, identify and realize their dreams, and make a lasting difference in the world. FORM 990, PART VI, SECTION A, LINE 4 The by-laws of the University were updated during March 2017 to change term limits for subsequent new board members from 15 years to 12 years. FORM 990, PART VI, SECTION B, LINE 11B Prior to the filing of the Form 990, a complete copy is reviewed by the Universitys Vice President for Finance & Administrative Services, as well as the Audit Committee of the Board of Trustees. A public disclosure copy is provided, via the Trustees internet portal, to all members of the Board of Trustees prior to the filing date. At the June meeting of the full Board of Trustees, the Audit Committee chairperson delivers a summary report of the Form 990. FORM 990, PART VI, SECTION B, LINE 12C In accordance with the Universitys Conflict of Interest Policy for Trustees, as contained in the Board of Trustees Bylaws, all trustees and officers are required to complete at least annually a Conflict of Interest Questionnaire and submit it to the Audit Committee of the Board of Trustees. Additionally, any potential conflict of interest which arises mid-term is required to be submitted to the Audit Committee at the earliest practical time. No trustee or officer shall vote or participate in any discussion on any matter under consideration at a Board or committee meeting, in which such trustee or officer has a conflict of interest. Any trustee or officer who is uncertain whether he/she has a conflict of interest may request the Audit Committee to make a determination in such regard, and the Audit Committee may seek an opinion from counsel for the University in such matter. The University also requires all employees to complete annually a Conflict of interest Disclosure Form and submit it to their respective divisional vice president for review. If an employee discloses active or intended participation in an activity that is a potential conflict of interest, the supervisor and divisional vice president will evaluate the disclosure to determine the appropriate action to be taken. The employee may be asked to discontinue participation in the activity if it is determined to be a conflict of interest. FORM 990, PART VI, SECTION B, LINE 15 The Compensation Sub-committee (Sub-committee) of the Executive Committee of the Board of Trustees has the responsibility for reviewing and recommending the University Presidents and Officers/Key Employees compensation to the Executive Committee. The Sub-committee considers comparative data from peer institutions, other womens colleges, and other colleges in Massachusetts in determining the amount of compensation. The Sub-committee also reviews accomplishments in comparison to planned goals and objectives. The Executive Committee, comprised of independent Board of Trustee members, approves the Presidents and Officers/Key Employees compensation. FORM 990, PART VI, SECTION C, LINE 19 The Universitys Form 990 and 990-T are available for public inspection at the office of the Vice President for Finance & Administrative Services upon written request. Additional, the Universitys Forms 990 and Massachusetts PC, as well as audited financial statements, are available on the website of the Massachusetts Attorney Generals office, Public Charities Division. Requests for copies of bylaws, conflict of interest policies, and financial statements are directed to the Vice President for Finance & Administrative Services for a response. FORM 990, PART XI, LINE 9 RAFFLE NET INCOME $ (6,295)