2016-05-12T15:55:16-05:00 2015-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-07-01 042321292 PINE MANOR COLLEGE PINE 6177317098 400 HEATH STREET CHESTNUT HILL MA 02467 E JOSEPH LEE INTERIM PRESIDENT 6177317098 2016-05-11 1 THOMAS WASHBURN CPA P00537319 5083669100 2016-05-10 2014 2016-08-17 19:52:53Z ROSEMARY ASHBY 400 HEATH STREET CHESTNUT HILL MA 02467 24622371 0 X WWW.PMC.EDU X 1911 MA PINE MANOR IS COMMITTED TO EDUCATING AND EMPOWERING A DIVERSE STUDENT BODY -ONE STUDENT AT A TIME - WITH THE KNOWLEDGE AND SKILLS THEY WILL NEED TO MEET THE CHALLENGES OF CAREER, COMMUNITY AND CITIZENSHIP IN TODAY'S GLOBAL SOCIETY. 14 13 350 15 518890 -131689 1772808 1054298 16931109 18778984 558228 517119 847839 671447 20109984 21021848 3210321 4050157 0 0 7545674 7230303 0 0 401114 8580235 9803406 19336230 21083866 773754 -62018 30186697 29852385 13672041 13769858 16514656 16082527 PINE MANOR IS COMMITTED TO EDUCATING AND EMPOWERING A DIVERSE STUDENT BODY -ONE STUDENT AT A TIME - WITH THE KNOWLEDGE AND SKILLS THEY WILL NEED TO MEET THE CHALLENGES OF CAREER, COMMUNITY AND CITIZENSHIP IN TODAY'S GLOBAL SOCIETY. 0 0 17329082 4050157 19417309 THE COLLEGE PROVIDES AN UNDERGRADUATE LIBERAL ARTS EDUCATION TO WOMEN AND A GRADUATE DEGREE IN FINE ARTS TO MEN AND WOMEN. TOTAL ENROLLMENT IS 385 STUDENTS. 17329082 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 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 45 0 1 350 1 1 1 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X TIMOTHY JOHNSON 6177317098 400 HEATH STREET CHESTNUT HILL MA 02467 SERENA KOKJER GREENING VICE CHAIR 8.00 X X 0 0 0 BRENDA SHAPIRO TRUSTEE 4.00 X 0 0 0 RACHELLE TAQQU TRUSTEE 6.00 X 0 0 0 PETER ALCOCK TRUSTEE 6.00 X 0 0 0 BARBARA DOWD TRUSTEE 4.00 X 0 0 0 DORASELLA KALUMA TRUSTEE 4.00 X 0 0 0 CHRISTINA SANTOS TRUSTEE 4.00 X 0 0 0 ELIZABETH ADJEI TRUSTEE 4.00 X 0 0 0 E JOSEPH LEE PRESIDENT (LEFT 6/30/15) 40.00 X X 180769 0 0 PATRICIA CLARK ERNSBERGER TRUSTEE 4.00 X 0 0 0 ROBERT HARRIS TRUSTEE 4.00 X 0 0 0 ROB UTZSCHNEIDER TRUSTEE 20.00 X 0 0 0 ROSEMARY ASHBY INTERIM PRESIDENT 40.00 X X 0 0 0 TIMOTHY ALLEN TRUSTEE 6.00 X 0 0 0 DORRY KEE TRUSTEE 6.00 X 0 0 0 SUSAN FUGLIESE CHIEF DEVELOPMENT OFFICER 40.00 X 101777 0 6348 GLEN THOMAS DEAN OF ENROLLMENT MGMT 40.00 X 102040 0 6546 ALANE SHANKS FORMER PRES (LEFT ON 11/21/12) 0.00 X 100000 0 0 484586 0 12894 3 1 1 0 ARAMARK FOOD SERVICES 4 YAWKEY WAY BOSTON MA 02215 FOOD SERVICES 2464711 LASELL COLLEGE 1844 COMMONWEALTH AVENUE NEWTON MA 02466 IT SERVICES 570985 ZVI CONSTRUCTION CO LLC 131 DRUMMER STREET BROOKLINE MA 02446 GENERAL CONTRACTOR 300000 SECURITAS SECURITY SERVICES USA INC 1 HARBOR STREET SUITE 301 BOSTON MA 02210 CAMPUS SECURITY 217912 OCEAN BUILDERS INC 440B EAST SQUANTUM STREET QUINCY MA 02171 GENERAL CONTRACTOR 125175 5 30150 1024148 10086 1054298 TUITION AND FEES 900099 10489936 10489936 DORMITORY RENTAL 900099 3287132 3287132 AUXILIARY ENTERPRISES 900099 3073218 3073218 EDUCATIONAL SERVICES 611710 1442930 1442930 CHILD CARE SERVICES 624410 485768 485768 18778984 219718 219718 617806 584684 33122 33122 33122 3313240 3015839 297401 297401 297401 OTHER 900099 638325 638325 638325 21021848 18931541 518890 517119 4050157 4050157 170961 25644 102577 42740 5897692 4895161 880174 122357 696125 563887 131612 626 465525 376673 87916 936 34199 34199 74924 74924 48301 48301 1452741 1452741 79876 76023 3704 149 614487 416505 153153 44829 2604005 2346336 235260 22409 105886 88610 14223 3053 167129 167129 430279 386391 38742 5146 164635 8159 156476 ROOM AND BOARD 1653721 1618549 23693 11479 CONSULTING AND TEMPORAR 1285351 547359 617560 120432 BAD DEBT 277438 24064 253374 MISCELLANEOUS 258934 65587 185813 7534 551500 387236 144840 19424 21083866 17329082 3353670 401114 1480192 1329394 2000162 1000266 25527 528146 1195178 1232751 357950 537792 41391010 26438623 15305955 14952387 6392283 6578693 2136602 2464174 1292848 1228782 30186697 29852385 2641305 2345705 512477 1593117 6410051 6192281 3531117 3156105 577091 482650 13672041 13769858 X 4465724 3894902 1848471 1986664 10200461 10200961 16514656 16082527 30186697 29852385 X -62018 -448222 78111 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11299266 66043 20596 424000 10961905 9692150 1054133 908983 356000 11299266 9319065 111184 601901 340000 9692150 10329485 655748 42246 1708414 9319065 9274151 117146 1576314 638126 10329485 0.93060 0.06940 0 0 376268 376268 27247453 15828326 11419127 2665947 431435 2234512 11048111 10178862 869249 53231 53231 14952387 OTHER INVESTMENTS 2464174 F 2464174 ANNUITY PAYMENT OBLIGATION 74601 ASSET RETIREMENT OBLIGATION 207094 DEPOSIT 127796 INTEREST RATE SWAP CONTRACT IN LOSS POSITION 73159 482650 X 17137963 -448222 78111 -370111 17508074 48301 3465473 3513774 21021848 17570092 584684 584684 16985408 48301 4050157 4098458 21083866 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS REPRESENT AMOUNTS RECEIVED FROM DONORS WITH STIPULATION THAT THE PRINCIPAL WILL BE HELD IN PERPETUITY AND ONLY THE INVESTMENT INCOME CAN BE SPENT. PART X, LINE 2: UNCERTAINTY IN INCOME TAXES THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AT JUNE 30, 2015. THE COLLEGE'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON CARRYING VALUE OF INTEREST RATE SWAP CONTRACT 78,111. PART XI, LINE 4B - OTHER ADJUSTMENTS: PINE MANOR'S PORTION OF STUDENT AID 4,050,157. DIRECT SPECIAL EVENT RENTAL EXPENSE -584,684. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT RENTAL EXPENSE 584,684. PART XII, LINE 4B - OTHER ADJUSTMENTS: PINE MANOR'S PORTION OF STUDENT AID 4,050,157. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF PINE MANOR COLLEGE'S NONDISCRIMINATORY POLICY REGARDING STUDENTS IS CONTAINED IN THE COLLEGE'S CATALOGS, BROCHURES, ETC., WHICH ARE AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 PINE MANOR COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL AID ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS NATIONAL DIRECT STUDY LOAN PROGRAM, TITLE II LIBRARY GRANT PROGRAM, BASIC EDUCATIONAL OPPORTUNITY GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND WORK STUDY PROGRAMS. 1 PINE MANOR'S PORTION OF INTERNAL AID 277 3875157 FMV STUDENT AID NSF GRANT SCHOLARSHIPS 10 175000 FMV STUDENT AID PART I, LINE 2: THE COLLEGE RECORDS AND TRACKS GRANTS AND ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 E JOSEPH LEE PRESIDENT (LEFT 6/30/15) 180769 0 0 0 0 0 0 0 0 0 180769 0 0 0 ALANE SHANKS FORMER PRES (LEFT ON 11/21/12) 0 0 0 0 100000 0 0 0 0 0 100000 0 0 0 A MASS DEVELOPMENT FINANCE AGENCY 043431814 2008-07-01 7500000 CAPITAL IMPROVEMENTS 0 0 0 A 1307719 7500000 153985 7346015 2010 0 0 1 1 A 0 1 0 0 0.04880 0.04880 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11 THE DIRECTOR OF FINANCE AND CONTROLLER REVIEWED THE FORM 990 IN DETAIL. THE BOARD CHAIR, BOARD TREASURER AND THE FINANCE COMMITTEE REVIEWED THE FORM 990 IN DETAIL. THE FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS AN ESTABLISHED CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF INDIVIDUAL, FAMILY OR A RELATED ENTITY WHICH ARE ADVERSE TO THE COLLEGE; THE PARTY IS IN A POSITION TO INFLUENCE A DECISION BENEFITING THE PARTY; DIRECT OR INDIRECT INVESTMENT INTEREST WHICH MAY IMPAIR INDEPENDENCE OR FINANCIAL INTEREST WHICH COULD BENEFIT BY A DECISION OR OPERATIONS OF THE COLLEGE. THERE IS A POLICY WHICH IS DISTRIBUTED TO OFFICERS, TRUSTEES AND KEY EMPLOYEES WHICH REQUIRES IT BEING SIGNED AND RETURNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT HAS A CONTRACT WITH THE COLLEGE. THE EXECUTIVES RECEIVE THE SAME RATE INCREASES AS STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION, WHEN REQUESTED. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE A-133 WEB SITE AND TAX RETURNS ARE AVAILABLE ON GUIDESTAR. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON CARRYING VALUE OF INTEREST RATE SWAP CONTRACT 78,111.