2017-02-15T09:30:13-06:00 2016-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2015-07-01 042271070 BOSTON ARCHITECTURAL COLLEGE BOST 6172625000 320 NEWBURY STREET BOSTON MA 02115 GLEN S LEROY PRESIDENT 6172625000 2017-02-14 1 EDWARD S BUISER P01258774 6174711120 2017-02-14 2015 2021-01-29 14:40:06Z GLEN S LEROY 320 NEWBURY ST BOSTON MA 02115 19770065 0 X WWW.THE-BAC.EDU X 1889 MA HIGHER EDUCATION 17 17 652 94 268 0 431936 548457 16917669 16521452 414029 355488 102523 254133 17866157 17679530 309184 385622 0 0 11370087 11357555 0 0 157803 6604488 6153218 18283759 17896395 -417602 -216865 36095248 35197528 18565879 18287406 17529369 16910122 THE BAC IS COMMITTED TO PROVIDE EXCELLENCE IN DESIGN EDUCATION GROUNDED IN PRACTICE AND ACCESSIBLE TO DIVERSE COMMUNITIES. 0 0 13782223 385622 16521452 THE BAC IS COMMITTED TO PROVIDE EXCELLENCE IN DESIGN EDUCATION GROUNDED IN PRACTICE AND ACCESSIBLE TO DIVERSE COMMUNITIES. 13782223 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 70 0 1 652 1 0 0 0 0 1 1 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X KATHLEEN COWN ROOD VP FOR FINANCE & ADMIN 6172625000 320 NEWBURY STREET BOSTON MA 02115 STEPHEN BELL AIA VICE CHAIR 1.00 X X 0 0 0 NEAL GLICK ESQ BOARD SECRETARY 1.00 X X 0 0 0 CAROLYN SPICER ELECTED TRUSTEE 1.00 X 0 0 0 CHAD J DAGRACA CPA BOARD TREASURER 4.00 X X 0 0 0 RICHARD L MARTINI AIA ELECTED TRUSTEE 1.00 X 0 0 0 MICHAEL G MORRIS ESQ ELECTED TRUSTEE 1.00 X 0 0 0 DANA C ROWAN BOARD CHAIR 4.00 X X 0 0 0 JOSEPH ALBANESE ELECTED TRUSTEE 1.00 X 0 0 0 HOWARD ELKUS ELECTED TRUSTEE 1.00 X 0 0 0 ARTHUR HURLEY III ELECTED TRUSTEE 1.00 X 0 0 0 MARCELLA LANCOME ELECTED TRUSTEE 1.00 X 0 0 0 STEVEN F MCDONALD ELECTED TRUSTEE 1.00 X 0 0 0 MARC PELLETIER ELECTED TRUSTEE 1.00 X 0 0 0 JAY PHILOMENA IIDA ELECTED TRUSTEE 1.00 X 0 0 0 CYNTHIA W SMITH FASLA CLARB ELECTED TRUSTEE 1.00 X 0 0 0 RICHARD J SNYDER ELECTED TRUSTEE 1.00 X 0 0 0 CAROL C WEDGE FAIA LEED AP ELECTED TRUSTEE 1.00 X 0 0 0 KATHLEEN C ROOD VP FOR FINANCE AND ADMINISTRATION 40.00 X 107657 0 44763 DR JULIA HALEVY ACTING PRESIDENT, PROVOST & ACADEMIC VP 40.00 X 225342 0 44036 GLEN LEROY FAIA FAICP PRESIDENT 40.00 X 80025 0 6642 CRANDON GUSTAFSON DEAN & FACULTY, SCHOOL OF INTERIOR ARCHITECTURE 40.00 X 136926 0 25140 DIANA RAMIREZ-JASSO DEAN OF GRADUATE STUDIES, DIRECTOR OF LIBERAL STUD 40.00 X 127068 0 6758 MARIA BELLALTA DEAN & FACULTY, SCHOOL OF LANDSCAPE ARCHITECTURE 40.00 X 119307 0 8785 EVAN HENRY GALLIVAN VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 117693 0 14917 JAMES RYAN VP OF ENROLLMENT MANAGEMENT 40.00 X 114280 0 27740 DR THEODORE C LANDSMARK ME FORMER PRESIDENT 0.00 X 67500 0 0 1095798 0 178781 7 1 1 0 LONGWOOD SECURITY 429 NEWBURY ST BOSTON MA 02115 SECURITY 300721 TITAN ROOFING INC 200 TAPLEY STREET SPRINGFIELD MA 01104 CONSTRUCTION 271091 HILTON BOSTON BACK BAY HOTEL 40 DALTON STREET BOSTON MA 02115 HOTEL 169984 HOLLAND & KNIGHT LLP 10 ST JAMES AVE BOSTON MA 02116 LEGAL 140368 SPOTLESS CLEANING SERVICE 56 FAIRFIELD ST DEDHAM MA 02026 CLEANING 113198 5 101403 447054 93353 548457 TUITION AND FEES 611600 16521452 16521452 16521452 188744 188744 2149496 1982752 166744 166744 166744 340130 101403 107783 232347 232347 MISCELLANEOUS 611600 21786 268 21518 21786 17679530 16521452 268 609353 385622 385622 534629 69627 465002 8937762 7380093 1483694 73975 256841 205250 49395 2196 884587 705245 169931 9411 743736 618140 119833 5763 183732 183732 48324 48324 357086 198220 156750 2116 409188 406554 2634 539475 230780 299292 9403 328283 137694 190589 1030838 839851 190987 296457 284585 11872 161203 105278 55425 500 705038 593118 111920 1336557 1156011 180546 134956 119954 15002 PROGRAM DEVELOPMENT 220836 197264 23572 PRINTING 109372 57130 34507 17735 EQUIPMENT RENTAL & MAIN 90399 4969 85430 TEMP HELP 76371 68388 7983 125103 18450 69949 36704 17896395 13782223 3956369 157803 1027921 1017779 1396039 2361343 50098 6606 588184 365848 149678 169611 34201268 12815747 21575542 21385521 10325591 8952219 982195 938601 36095248 35197528 1365374 1303343 1070855 1257837 16129650 15726226 18565879 18287406 X 9602140 9501107 4683526 4151764 3243703 3257251 17529369 16910122 36095248 35197528 -216865 -402382 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87230 X X 0 10541982 26503 -82245 403075 10083165 10710975 23264 154163 346420 10541982 9503674 35916 1523829 352444 10710975 8673793 83860 1134950 388929 9503674 8687621 85447 210980 310255 8673793 0.30530 0.32300 0.37170 0 0 2656768 2656768 25749100 9223880 16525220 336903 246007 90896 5450820 3345860 2104960 7677 7677 21385521 X 17310743 -402383 33595 -368788 17679531 0 17679531 17929990 33595 33595 17896395 0 17896395 PART III, LINE 4: HISTORICAL SAMPLES SERVES AS EXAMPLES OF DESIGN FOR OUR STUDENTS. COLLECTION INCLUDES EXAMPLES OF UNIQUE PIECES OF SCULPTURE, ART AND FURNISHINGS. PART V, LINE 4: MAINLY RESTRICTED FOR SCHOLARSHIPS AND AWARDS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. THE COLLEGE HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE COLLEGE HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS, MORE LIKELY THAN NOT, SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 107,783. FINANCIAL AID ADDED BACK FOR TAX -74,188. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 107,783. FINANCIAL AID ADDED BACK FOR TAX -74,188. 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 RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AID FROM GOVERNMENTAL AGENCIES FOR SCHOLARSHIPS AND AWARDS FOR STUDENTS. 1 SOUTH ASIA 0 0 PROGRAM SERVICES ACADEMIC SUPPORT 20288 0 0 0 0 0 0 20288 0 20288 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION DIDN'T PROVIDE ANY GRANTS OR OTHER ASSISTANCE OUTSIDE THE U.S. GALA 441533 101403 340130 2266 105517 441533 101403 340130 2266 105517 107783 232347 1 SCHOLARSHIPS AND FINANCIAL AID 133 385622 FMV PART I, LINE 2: THE VP OF FINANCE AND ADMINISTRATION STAFF OVERSEE THAT THE PROVISIONS OF THE GRANT ARE MET IN ACCORDANCE WITH GUIDELINES OR AGREEMENTS SET FORTH, WHETHER THAT'S USE OF DONOR, GOVERNMENT OR PRIVATE SOURCES. X X X X 1 0 0 0 0 0 0 0 0 KATHLEEN C ROOD VP FOR FINANCE AND ADMINISTRATION 107657 0 0 0 0 0 23572 0 21191 0 152420 0 0 0 DR JULIA HALEVY ACTING PRESIDENT, PROVOST & ACADEMIC 160727 0 0 0 64615 0 29663 0 14373 0 269378 0 0 0 DR THEODORE C LANDSMARK ME FORMER PRESIDENT 0 0 0 0 67500 0 0 0 0 0 67500 0 0 0 PART I, LINE 4A THEODORE LANDSMARK RECEIVED: $67,500 SEVERENCE PAYMENTS JULIA HALEVY RECEIVED: $64,615 SEVERENCE PAYMENTS $21,734 457B FUTURE CONTRIBUTION $183,029 WAGES AND BENEFITS A MASSACHUSETTS DEVELOPMENT FINANCE AGENT 043431814 57583RHQ1 2006-12-21 12900091 ACQUISITION/RENOVATION OF 951 BOYLSTON STREET; REFUND OF NONPROFIT FIN. LOAN 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENT 043431814 NONEAVAIL 2012-03-19 5800000 ACQUISITION/RENOVATION OF 951 BOYLSTON STREET AND 320 NEWBURY STREET REFUND 0 0 0 A 12900091 806303 258000 814146 11021642 2008 0 0 1 1 B 5800000 116000 2643749 2012 1 0 1 1 A 0 0 0 0 0.09930 0.00000 0.09930 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 1 0 0 1 0 0 0 0 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENT DATE THE REBATE COMPUTATION WAS PERFORMED: 01/07/2015 SCHEDULE K, PART III, LINE 4(A) AS OF 6-30-16 THE BLENDED RATE OF PRIVATE USE FOR THE TERM OF THE BONDS IS 1.9983% X 14 10280 FMV X MISCELLANEOUS 10 50530 FMV X AUCTION ITEMS 37 32542 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES HAS DIRECTED THE AUDIT COMMITTEE TO REVIEW THE FORM 990 ON ITS BEHALF AND UPON ITS SATISFACTION FORWARD IT FOR EXECUTION TO THE PRESIDENT. THE FULLY EXECUTED FORM 990 IS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BAC CONFLICT OF INTEREST POLICY APPLIES TO ALL COVERED TRUSTEES, OVERSEERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, OFFICERS, STAFF, PART-TIME AND FULL-TIME FACULTY, STUDENTS, COVERED INDIVIDUAL'S FAMILY MEMBERS, AND AFFILIATED ORGANIZATIONS AND PERSONS. THE POLICY IS PUBLISHED SEVERAL PLACES BUT IS MOST VISIBLY PUBLISHED AS PART OF THE ANNUAL BAC CATALOG LOCATED ON THE BAC WEBSITE. THE POLICY IS TRIGGERED WHENEVER A COVERED INDIVIDUAL HAS A DIRECT OR INDIRECT FINANCIAL, PROFESSIONAL, OR OTHER INTEREST IN A MATTER THAT COMES BEFORE THE INDIVIDUAL FOR CONSIDERATION. THE POLICY IDENTIFIES THREE DIFFERENT CATEGORIES OF CONFLICT SITUATIONS WHICH ARE: FINANCIAL SELF DEALING, PROFESSIONAL /ACADEMIC HONORS AND RECOGNITION, AND FACULTY-STUDENT RELATIONS. WHEN A POTENTIAL CONFLICT OF INTEREST SITUATION ARISES, EITHER ACTUAL OR PERCEIVED, A COVERED INDIVIDUAL SHALL TAKE SOME OR ALL OF THE FOLLOWING ACTIONS: DISCLOSURE, RECUSAL FROM VOTING OR DECISION MAKING WHILE ALLOWING SOME MEASURE OF DISCUSSION PARTICIPATION, OR TOTAL RECUSAL FROM DISCUSSION AND DECISION MAKING. ADDITIONALLY, MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT DISCLOSING PERSONAL, BUSINESS, AND ORGANIZATIONAL INTERESTS AND AFFILIATIONS INCLUDING MEMBERSHIP ON BOARDS OF OTHER NONPROFIT ORGANIZATIONS. THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT REVIEW THE STATEMENTS AND CONTACT THE AFFECTED PERSON IF THERE APPEARS TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BENCHMARK FOR THE PRESIDENT'S SALARY IS THE CUPA INFORMATION ON COLLEGES AND UNIVERSITIES IN NEW ENGLAND OF SIMILAR SIZE. THOSE BENCHMARKS GREATLY EXCEED WHAT IS AFFORDABLE FOR THE BAC, THUS THE SALARY IS BASED UPON PERFORMANCE AND BUDGETARY CONSTRAINTS. THE COMPENSATION COMMITTEE ASSIGNED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF REVIEWING SALARY BENCHMARKS OF PEER INSTITUTES, DETERMINED THAT THE SALARIES OF OTHER OFFICERS AND KEY EMPLOYEES WERE CONSISTENT WITH THESE BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS.