WENTWORTH INSTITUTE OF TECHNOLOGY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- WENTWORTH INSTITUTE OF TECHNOLOGY (EIN 04-1958460)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-06
- IRS object ID
- 201641279349301404
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-06T15:26:14-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ TOFIAS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041958460 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WENTWORTH INSTITUTE OF TECHNOLOGY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WENT | BusinessNameControlTxt |
| Phone | 6179894325 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155998 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT L TOTINO | PersonNm |
| Person Title | VICE PRESIDENT FOR FINANCE | PersonTitleTxt |
| Phone | 6179894325 | PhoneNum |
| Signature | 2016-05-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CRAIG KLEIN | PreparerPersonNm |
| PTIN | P00734640 | PTIN |
| Phone | 6177610600 | PhoneNum |
| Preparation | 2016-05-03 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ZORICA PANTIC | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155998 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $200,054,572 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WIT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1904 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | POST SECONDARY EDUCATIONAL SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 2813 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $246,260 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $172,873 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,058,774 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,329,222 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $133,730,882 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $154,227,527 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,608,969 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,655,939 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,162,917 | PYOtherRevenueAmt |
| CY Other Revenue | $529,359 | CYOtherRevenueAmt |
| PY Total Revenue | $142,561,542 | PYTotalRevenueAmt |
| CY Total Revenue | $172,742,047 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $36,151,646 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $44,433,301 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $52,498,585 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $55,554,960 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,533,790 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $47,086,547 | PYOtherExpensesAmt |
| CY Other Expenses | $51,793,536 | CYOtherExpensesAmt |
| PY Total Expenses | $135,736,778 | PYTotalExpensesAmt |
| CY Total Expenses | $151,781,797 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,824,764 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $20,960,250 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $335,695,129 | TotalAssetsBOYAmt |
| Total Assets EOY | $349,958,963 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $160,154,742 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $160,672,047 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $175,540,387 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $189,286,916 | NetAssetsOrFundBalancesEOYAmt |
| Mission | POST SECONDARY EDUCATIONAL SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $130,073,830 | ExpenseAmt |
| Grant | $44,433,301 | GrantAmt |
| Revenue | $154,262,732 | RevenueAmt |
| Desc | WENTWORTH INSTITUTE OF TECHNOLOGY IS A NATIONALLY RECOGNIZED PRIVATE CO-EDUCATIONAL AND RESIDENTIAL INSTITUTE OF HIGHER EDUCATION THAT OFFERS MASTERS DEGREE, COOPERATIVE BACCALAUREATE DEGREE, ASSOCIATE DEGREE, AND CERTIFICATE PROGRAMS IN THE DISCIPLINES OF SCIENCE, ARCHITECTURE, DESIGN, ENGINEERING, MANAGEMENT AND TECHNOLOGY. THE INSTITUTE WAS FOUNDED IN 1904 AND OPENED ITS DOORS IN 1911. EDUCATION SERVICES WERE PROVIDED FOR APPROXIMATELY 4,500 DAY, EVENING AND WEEKEND STUDENTS. | Desc |
| Total Program Service Expenses | $130,073,830 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 133 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2813 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | GM | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID A GILMORE CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179894328 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021155998 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| ZORICA PANTIC | ||||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $442,580 | $0 | $82,224 | ||
| MICHAEL T ANTHONY | ||||||||
| CHAIRMAN | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| P MICHAEL MASTERSON | ||||||||
| VICE CHAIRMAN | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KENNETH D ROBERTS | ||||||||
| TREASURER | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINE KEVILLE | ||||||||
| SECRETARY | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GEORGE A ABE | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN W BLAISDELL | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| JEROME H CASEY | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| GEORGE W CHAMILLARD | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL CORBETT | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL T FLATLEY | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN F FUSI | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH ISSACS | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| RYAN E HUTCHINS | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| GREGORY B JANEY | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| WAYNE C JOHNSON | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| DOUGLAS J KARAM | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN M LYNCH | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| IVANA MAGOVCEVIC-LIEBISCH | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN PINI | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| GARY J MILLER | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT C MURRAY | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| KEITH J PEDEN | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| DONALD E POGORZELSKI | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELE A WHITHAM | ||||||||
| TRUSTEE | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILLIP R HOOPER | ||||||||
| TRUSTEE (UNTIL 9/11/14) | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID W KRUGER | ||||||||
| TRUSTEE (UNTIL 9/11/14) | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| HOWARD V LEVINE | ||||||||
| TRUSTEE (UNTIL 9/11/14) | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| SYLVIA T PRICE | ||||||||
| TRUSTEE (UNTIL 9/11/14) | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT L TOTINO | ||||||||
| VP FINANCE | 40.00 | Yes (X) | $197,636 | $0 | $49,846 | |||
| RUSSELL PINIZZOTTO | ||||||||
| VP ACADEMIC AFFAIRS & PROVOST | 40.00 | Yes (X) | $246,608 | $0 | $50,013 | |||
| PAULA SAKEY | ||||||||
| VP INSTITUTIONAL ADVANCEMENT | 40.00 | Yes (X) | $126,405 | $0 | $20,372 | |||
| KEIKO BROOMHEAD | ||||||||
| VP ENROLLMENT | 40.00 | Yes (X) | $185,233 | $0 | $24,394 | |||
| DAVID WAHLSTROM | ||||||||
| VP BUSINESS | 40.00 | Yes (X) | $193,602 | $0 | $76,534 | |||
| ANNE GILL | ||||||||
| VP HUMAN RESOURCES | 40.00 | Yes (X) | $166,984 | $0 | $17,944 | |||
| MARK STAPLES | ||||||||
| VP TECHNOLOGY SERVICES | 40.00 | Yes (X) | $200,136 | $0 | $43,664 | |||
| MICHAEL PANKIEVICH | ||||||||
| AVP PHYSICAL FACILITIES | 40.00 | $145,094 | $0 | $14,307 | Yes (X) | |||
| FREDERICK DRISCOLL | ||||||||
| DEAN | 40.00 | $196,210 | $0 | $18,972 | Yes (X) | |||
| CINDY P STEVENS | ||||||||
| PROFESSOR | 40.00 | $184,673 | $0 | $36,475 | Yes (X) | |||
| PATRICK HAFFORD | ||||||||
| DEAN | 40.00 | $187,321 | $0 | $43,055 | Yes (X) | |||
| MASOUD OLIA | ||||||||
| PROFESSOR | 40.00 | $141,841 | $0 | $40,421 | Yes (X) | |||
| GLENN WIGGINS | ||||||||
| FORMER DEAN | 40.00 | $193,146 | $0 | $41,857 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,807,469 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $560,078 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 109 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BOND BROTHERS | |||||
| 145 SPRING STREET | EVERETT | MA | 02149 | CONSTRUCTION | $9,191,658 |
| CHARTWELLS DINING SERVICES | |||||
| 3 INTERNATIONAL DRIVE | RYE BROOK | NY | 10573 | FOOD SERVICE CATERING | $4,779,245 |
| EDUCATORS HEALTH LLC | |||||
| 123 INTERSTATE DRIVE | WEST SPRINGFIELD | MA | 01089 | HEALTHCARE PROGRAMS | $4,274,992 |
| UGL SERVICES UNICCO OPERATIONS | |||||
| 4002 SOLUTIONS CTR | CHICAGO | MA | 60677 | CLEANING SERVICES | $2,417,144 |
| COLUMBIA CONSTRUCTION COMPANY | |||||
| 100 RIVERPARK DRIVE | NORTH READING | MA | 01864 | CONSTRUCTION | $1,281,579 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 77 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $76,696 | FundraisingAmt |
| Government Grants | $863,442 | GovernmentGrantsAmt |
| All Other Contributions | $10,389,084 | AllOtherContributionsAmt |
| Noncash Contributions | $547,450 | NoncashContributionsAmt |
| Total Contributions | $11,329,222 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $123,261,871 | $123,261,871 |
| ROOM/BOARD & RELATED | 900099 | $30,965,656 | $30,965,656 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $154,227,527 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,809,759 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$15,150 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,824,909 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $504,114 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $504,114 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $504,114 | TotalRevenueColumnAmt |
| Exclusion | $504,114 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $31,886,369 | SecuritiesAmt |
| Other | $198,472 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $27,238,661 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,647,708 | SecuritiesAmt |
| Other | $198,472 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,846,180 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $261,410 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,584,770 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $63,904 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $76,696 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $73,864 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$9,960 | TotalRevenueColumnAmt |
| Exclusion | -$9,960 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $35,205 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,205 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $35,205 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $172,742,047 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $154,262,732 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $246,260 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,903,833 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,926,643 | TotalAmt |
| Program Services | $43,926,643 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $506,658 | TotalAmt |
| Program Services | $506,658 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,364,860 | TotalAmt |
| Program Services | $509,380 | ProgramServicesAmt |
| Management And General | $1,628,615 | ManagementAndGeneralAmt |
| Fundraising | $226,865 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,206,788 | TotalAmt |
| Program Services | $35,527,047 | ProgramServicesAmt |
| Management And General | $6,464,718 | ManagementAndGeneralAmt |
| Fundraising | $1,215,023 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,484,964 | TotalAmt |
| Program Services | $2,755,785 | ProgramServicesAmt |
| Management And General | $618,915 | ManagementAndGeneralAmt |
| Fundraising | $110,264 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,285,673 | TotalAmt |
| Program Services | $2,598,192 | ProgramServicesAmt |
| Management And General | $583,522 | ManagementAndGeneralAmt |
| Fundraising | $103,959 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,212,675 | TotalAmt |
| Program Services | $2,540,468 | ProgramServicesAmt |
| Management And General | $570,558 | ManagementAndGeneralAmt |
| Fundraising | $101,649 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $379,906 | TotalAmt |
| Management And General | $379,906 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,930 | TotalAmt |
| Management And General | $299,930 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,462 | TotalAmt |
| Management And General | $433,462 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,072,544 | TotalAmt |
| Program Services | $2,527,455 | ProgramServicesAmt |
| Management And General | $1,253,469 | ManagementAndGeneralAmt |
| Fundraising | $291,620 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,059,810 | TotalAmt |
| Program Services | $1,029,870 | ProgramServicesAmt |
| Management And General | $29,940 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,646,556 | TotalAmt |
| Program Services | $1,015,153 | ProgramServicesAmt |
| Management And General | $1,469,852 | ManagementAndGeneralAmt |
| Fundraising | $161,551 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,803 | TotalAmt |
| Program Services | $58,798 | ProgramServicesAmt |
| Management And General | $140,398 | ManagementAndGeneralAmt |
| Fundraising | $22,607 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,291,876 | TotalAmt |
| Program Services | $8,024,298 | ProgramServicesAmt |
| Management And General | $242,794 | ManagementAndGeneralAmt |
| Fundraising | $24,784 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,748,317 | TotalAmt |
| Program Services | $1,540,752 | ProgramServicesAmt |
| Management And General | $170,440 | ManagementAndGeneralAmt |
| Fundraising | $37,125 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $591,053 | TotalAmt |
| Program Services | $384,088 | ProgramServicesAmt |
| Management And General | $186,957 | ManagementAndGeneralAmt |
| Fundraising | $20,008 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,237,357 | TotalAmt |
| Program Services | $2,897,878 | ProgramServicesAmt |
| Management And General | $339,479 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,603,629 | TotalAmt |
| Program Services | $13,164,640 | ProgramServicesAmt |
| Management And General | $398,328 | ManagementAndGeneralAmt |
| Fundraising | $40,661 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $945,163 | TotalAmt |
| Program Services | $5,391 | ProgramServicesAmt |
| Management And General | $938,543 | ManagementAndGeneralAmt |
| Fundraising | $1,229 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| REPAIRS/MAINTENANCE | $6,103,363 | $5,906,407 | $178,713 | $18,243 |
| CAFETERIA SERVICES | $4,586,610 | $4,128,609 | $401,076 | $56,925 |
| BANK/CREDIT CARD FEES | $763,202 | $763,202 | ||
| MEMBERSHIPS | $724,060 | $210,951 | $510,395 | $2,714 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,084,895 | TotalAmt |
| Program Services | $815,367 | ProgramServicesAmt |
| Management And General | $1,170,965 | ManagementAndGeneralAmt |
| Fundraising | $98,563 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,781,797 | TotalAmt |
| Program Services | $130,073,830 | ProgramServicesAmt |
| Management And General | $19,174,177 | ManagementAndGeneralAmt |
| Fundraising | $2,533,790 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,679,005 | BOYAmt |
| EOY | $6,422,595 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,396,963 | BOYAmt |
| EOY | $37,802,630 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $583,972 | BOYAmt |
| EOY | $5,504,699 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,024,768 | BOYAmt |
| EOY | $2,163,743 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,305,868 | BOYAmt |
| EOY | $4,511,713 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,738,169 | BOYAmt |
| EOY | $2,261,245 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $333,406,529 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $135,801,065 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,402,003 | BOYAmt |
| EOY | $197,605,464 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,104,992 | BOYAmt |
| EOY | $50,546,733 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,254,892 | BOYAmt |
| EOY | $40,826,215 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $591,877 | BOYAmt |
| EOY | $964,502 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,612,620 | BOYAmt |
| EOY | $1,349,424 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335,695,129 | BOYAmt |
| EOY | $349,958,963 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,336,071 | BOYAmt |
| EOY | $8,507,451 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,861,773 | BOYAmt |
| EOY | $16,026,404 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,636,778 | BOYAmt |
| EOY | $112,918,154 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,320,120 | BOYAmt |
| EOY | $23,220,038 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,154,742 | BOYAmt |
| EOY | $160,672,047 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,543,054 | BOYAmt |
| EOY | $150,903,382 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,172,604 | BOYAmt |
| EOY | $19,710,515 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,824,729 | BOYAmt |
| EOY | $18,673,019 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,540,387 | BOYAmt |
| EOY | $189,286,916 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335,695,129 | BOYAmt |
| EOY | $349,958,963 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $20,960,250 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$6,046,201 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,167,520 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,385,787 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,771,299 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,891,960 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,058,774 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,329,222 | CurrentTaxYearAmt |
| Total | $24,437,042 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,385,787 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,771,299 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,891,960 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,058,774 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,329,222 | CurrentTaxYearAmt |
| Total | $24,437,042 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,245,238 | SubstantialContributorsTotAmt |
| Public Support Total170 | $22,191,804 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,562,528 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,236,021 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,075,578 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,083,475 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,313,873 | CurrentTaxYearAmt |
| Total | $15,271,475 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $57,045 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $100,750 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $89,274 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $93,210 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $63,904 | CurrentTaxYearAmt |
| Total | $404,183 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $40,112,700 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $632,552,146 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.55320 | PublicSupportCY170Pct |
| Public Support PY170 | 0.42270 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE A, PART I, LINE 7: | FormAndLineReferenceDesc |
| Explanation | THE BASIS OF WENTWORTH INSTITUTE OF TECHNOLOGY, INC.'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $149,251,522 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $149,251,522 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $91,461,836 | BeginningYearBalanceAmt |
| Contributions | $2,052,036 | ContributionsAmt |
| Investment Earnings Or Losses | $766,281 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,325,808 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,780,985 | OtherExpendituresAmt |
| Administrative Expenses | $433,642 | AdministrativeExpensesAmt |
| End Year Balance | $89,739,718 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $81,890,151 | BeginningYearBalanceAmt |
| Contributions | $549,451 | ContributionsAmt |
| Investment Earnings Or Losses | $13,302,572 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,045,574 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,842,846 | OtherExpendituresAmt |
| Administrative Expenses | $391,918 | AdministrativeExpensesAmt |
| End Year Balance | $91,461,836 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $74,417,358 | BeginningYearBalanceAmt |
| Contributions | $949,104 | ContributionsAmt |
| Investment Earnings Or Losses | $10,539,177 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $908,980 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,716,573 | OtherExpendituresAmt |
| Administrative Expenses | $389,935 | AdministrativeExpensesAmt |
| End Year Balance | $81,890,151 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $77,477,975 | BeginningYearBalanceAmt |
| Contributions | $885,161 | ContributionsAmt |
| Investment Earnings Or Losses | -$478,107 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $579,154 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,620,735 | OtherExpendituresAmt |
| Administrative Expenses | $267,782 | AdministrativeExpensesAmt |
| End Year Balance | $74,417,358 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $66,796,355 | BeginningYearBalanceAmt |
| Contributions | $656,501 | ContributionsAmt |
| Investment Earnings Or Losses | $13,629,380 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $758,587 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,616,673 | OtherExpendituresAmt |
| Administrative Expenses | $229,001 | AdministrativeExpensesAmt |
| End Year Balance | $77,477,975 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.71550 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.17480 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.10970 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,392,323 | OtherCostOrOtherBasisAmt |
| Book Value | $13,392,323 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $271,919,272 | OtherCostOrOtherBasisAmt |
| Depreciation | $102,176,448 | DepreciationAmt |
| Book Value | $169,742,824 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,676,928 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,413,685 | DepreciationAmt |
| Book Value | $12,263,243 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,418,006 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,210,932 | DepreciationAmt |
| Book Value | $2,207,074 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $197,605,464 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INTERNATIONAL EQUITY FUNDS | $6,922,044 | F |
| MUTUAL FUNDS - FIXED INCOME | $4,007,679 | F |
| PRIVATE EQUITY & MUTUAL FUNDS | $27,403,317 | F |
| HEDGED FUNDS | $2,493,175 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $40,826,215 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| CHARITABLE ANNUITY OBLIGATIONS | $3,785,276 |
| INTEREST RATE SWAP OBLIGATIONS | $11,332,117 |
| ASSET RETIREMENT OBLIGATIONS | $1,790,689 |
| POST-RETIREMENT OBLIGATIONS | $2,584,555 |
| PERKINS AND OTHER GOVERNMENT OBLIGATIONS | $3,727,401 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $23,220,038 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $120,538,555 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$6,046,201 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,092,056 | OtherRevenueAmt |
| Revenue Not Reported | -$7,138,257 | RevenueNotReportedAmt |
| Revenue Subtotal | $127,676,812 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $433,462 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $44,631,773 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $45,065,235 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $172,742,047 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $106,792,026 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $75,464 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $75,464 | ExpensesNotReportedAmt |
| Expenses Subtotal | $106,716,562 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $433,462 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $44,631,773 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $45,065,235 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $151,781,797 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE INSTITUTE'S ENDOWMENT CONSISTS OF 134 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE BOARD OF TRUSTEES HAS ESTABLISHED A SPENDING RATE OF 5% OF A ROLLING THREE-YEAR AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT. EARNINGS FROM ENDOWED FUNDS ARE USED PRIMARILY TO AWARD SCHOLARSHIPS TO STUDENTS. |
| PART X, LINE 2: | THE INSTITUTE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE INSTITUTE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATIONS OVER WHICH OF ITS REVENUES ARE RELATED AND UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS. HOWEVER, THE INSTITUTE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE INSTITUTE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE INSTITUTE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENT EXPENSES 73,864. UNREALIZED LOSS ON INTEREST RATE SWAPS -1,167,520. OTHER EXPENSES NETTED WITH REVENUES 1,600. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID - GRANTS TO INDIVIDUALS 44,433,301. GAIN ON DISPOSAL OF ASSETS 198,472. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENT EXPENSES 73,864. OTHER EXPENSES NETTED WITH REVENUES 1,600. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID - GRANTS TO INDIVIDUALS 44,433,301. GAIN ON DISPOSAL OF ASSETS 198,472. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE INSTITUTE'S STUDENT POPULATION IS PREDOMINATELY FROM THE NORTHEAST REGION OF THE UNITED STATES, AS WELL AS FROM APPROXIMATELY 26 OTHER U.S. STATES AND TERRITORIES AND 53 FOREIGN COUNTRIES. THE INSTITUTE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. |
| SCHEDULE E, PART I, LINE 6 | THE INSTITUTE ADMINISTERS DISBURSEMENT OF FUNDS FOR FEDERAL PROGRAMS INCLUDING PERKINS LOANS, DIRECT LOANS, SEOG, PELL, AND FEDERAL WORK STUDY AND DISBURSEMENTS FROM VARIOUS STATE GOVERNMENTS LOCATED THROUGHOUT THE USA. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | 2 | PROGRAM SERVICES | STUDY ABROAD PROGRAM FOR APPROXIMATELY 100 STUDENTS | $1,160,289 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTMAKING | $506,658 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $11,720,971 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 2 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Subtotal Spent | $13,387,918 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $13,387,918 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | SCHOLARSHIPS | TypeOfAssistanceTxt |
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) | RegionTxt |
| Recipient | 75 | RecipientCnt |
| Manner Of Cash Disbursement | N/A | MannerOfCashDisbursementTxt |
| Non Cash Assistance | $506,658 | NonCashAssistanceAmt |
| Description Of Non Cash Asst | CREDIT TO STUDENT ACCOUNT | DescriptionOfNonCashAsstTxt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT TO COVER A PORTION OF THE STUDENT'S TUITION. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ALUMNI TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $56,900 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $22,959 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $33,941 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $42,207 | OtherDirectExpensesEvent1Amt |
| Event2 | PRESIDENT'S CUP | Event2Nm |
| Gross Receipts Event2 | $83,700 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $53,737 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $29,963 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $31,657 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $140,600 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $76,696 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $63,904 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $73,864 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $73,864 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$9,960 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 3761 | RecipientCnt |
| Cash Grant | $0 | CashGrantAmt |
| Non Cash Assistance | $43,926,643 | NonCashAssistanceAmt |
| Valuation Method Used | OTHER | ValuationMethodUsedDesc |
| Non Cash Assistance | SCHOLARSHIPS | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE INSTITUTE'S OFFICE OF FINANCIAL AID MONITORS ALL RECIPIENTS OF SCHOLARSHIP AWARDS TO DETERMINE BOTH INITIAL AND CONTINUING ELIGIBILITY BASED ON THE CRITERIA FOR EACH TYPE OF AWARD, WHICH MAY INCLUDE ACADEMIC PERFORMANCE, FINANCIAL NEED, CRITERIA ESTABLISHED BY DONORS OF ENDOWED SCHOLARSHIP FUNDS, ETC. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZORICA PANTIC | ||||||||||||||
| PRESIDENT | $379,443 | $0 | $0 | $0 | $63,137 | $0 | $71,194 | $0 | $11,030 | $0 | $524,804 | $0 | $0 | $0 |
| ROBERT L TOTINO | ||||||||||||||
| VP FINANCE | $185,909 | $0 | $11,000 | $0 | $727 | $0 | $20,000 | $0 | $29,846 | $0 | $247,482 | $0 | $0 | $0 |
| RUSSELL PINIZZOTTO | ||||||||||||||
| VP ACADEMIC AFFAIRS & PROVOST | $227,678 | $0 | $15,000 | $0 | $3,930 | $0 | $24,000 | $0 | $26,013 | $0 | $296,621 | $0 | $0 | $0 |
| KEIKO BROOMHEAD | ||||||||||||||
| VP ENROLLMENT | $179,305 | $0 | $5,500 | $0 | $428 | $0 | $23,700 | $0 | $694 | $0 | $209,627 | $0 | $0 | $0 |
| DAVID WAHLSTROM | ||||||||||||||
| VP BUSINESS | $179,137 | $0 | $12,500 | $0 | $1,965 | $0 | $19,000 | $0 | $57,534 | $0 | $270,136 | $0 | $0 | $0 |
| ANNE GILL | ||||||||||||||
| VP HUMAN RESOURCES | $160,806 | $0 | $4,000 | $0 | $2,178 | $0 | $16,250 | $0 | $1,694 | $0 | $184,928 | $0 | $0 | $0 |
| MARK STAPLES | ||||||||||||||
| VP TECHNOLOGY SERVICES | $191,534 | $0 | $6,500 | $0 | $2,102 | $0 | $20,150 | $0 | $23,514 | $0 | $243,800 | $0 | $0 | $0 |
| MICHAEL PANKIEVICH | ||||||||||||||
| AVP PHYSICAL FACILITIES | $142,934 | $0 | $0 | $0 | $2,160 | $0 | $14,307 | $0 | $0 | $0 | $159,401 | $0 | $0 | $0 |
| FREDERICK DRISCOLL | ||||||||||||||
| DEAN | $186,912 | $0 | $0 | $0 | $9,298 | $0 | $18,717 | $0 | $255 | $0 | $215,182 | $0 | $0 | $0 |
| CINDY P STEVENS | ||||||||||||||
| PROFESSOR | $184,439 | $0 | $0 | $0 | $234 | $0 | $12,961 | $0 | $23,514 | $0 | $221,148 | $0 | $0 | $0 |
| PATRICK HAFFORD | ||||||||||||||
| DEAN | $185,442 | $0 | $0 | $0 | $1,879 | $0 | $19,541 | $0 | $23,514 | $0 | $230,376 | $0 | $0 | $0 |
| MASOUD OLIA | ||||||||||||||
| PROFESSOR | $141,428 | $0 | $0 | $0 | $413 | $0 | $15,287 | $0 | $25,134 | $0 | $182,262 | $0 | $0 | $0 |
| GLENN WIGGINS | ||||||||||||||
| FORMER DEAN | $191,438 | $0 | $0 | $0 | $1,708 | $0 | $20,151 | $0 | $21,706 | $0 | $235,003 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE - ZORICA PANTIC - $50,000. THE ENTIRE AMOUNT IS TREATED AS TAXABLE COMPENSATION. |
| PART I, LINE 1B | THE AMOUNT OF THE HOUSING ALLOWANCE FOR THE PRESIDENT IS INCLUDED IN A WRITTEN EMPLOYMENT CONTRACT THAT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE AMOUNT WAS DETERMINED PARTLY BASED ON DATA FROM SALARY SURVEYS. |
| PART I, LINE 4B | ZORICA PANTIC PARTICIPATED IN A SECTION 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DURING FY 15. $25,000 WAS CONTRIBUTED TO THE PLAN IN CALENDAR 2014. ADDITIONALLY, $2,694 OF INTEREST WAS EARNED ON THE PRESIDENT'S SECTION 457(F) PLAN BALANCE IN CALENDAR 2014. |
| PART I, LINE 7 | MERIT BASED COMPENSATION MAY BE GRANTED AS EITHER A SALARY INCREASE OR A ONE-TIME BONUS. QUALIFICATIONS FOR RECEIVING A BONUS INCLUDE PERFORMANCE EXCEEDING EXPECTATIONS OR TAKING ON ADDITIONAL DUTIES DUE TO STAFF VACANCIES OR TEMPORARY ABSENCES. IN THE CASE OF EMPLOYEES BELOW THE LEVEL OF DIVISION HEADS, THE BONUS AMOUNT IS DETERMINED BY CONSULTATION BETWEEN THE DIVISION HEAD AND HUMAN RESOURCES. IN THE CASE OF DIVISION HEADS AND OTHER OFFICERS, THE BONUS AMOUNT (IF ANY) IS DETERMINED VIA THE SAME PROCESS AS OTHER COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2013-02-15 | $69,865,000 | REFUND MDFA 2008 SERIES BONDS AND CONSTRUCT RESIDENCE HALL | 0 | 0 | 0 |
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2015-04-09 | $46,280,000 | REFUND MDFA SERIES 2007 SERIES A AND B BONDS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $69,865,000 | $685,740 | $69,179,260 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $46,280,000 | $447,723 | $45,832,277 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00390 | 0.00390 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00450 | 0.00450 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEE PART VI | |||||||||||
| A | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| SEE PART VI | |||||||||||
| B | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART IV, ARBITRAGE, LINE 4B & 4C: | FormAndLineReferenceDesc |
| Explanation | BOND (A) 4B. NAME OF PROVIDER: WELLS FARGO/RBS CITIZENS 4C. TERM OF HEDGE: 31 YEARS/10 YEARS BOND (B) 4B. NAME OF PROVIDER: MORGAN STANLEY/BANK OF NEW YORK 4C. TERM OF HEDGE: 29.8 YEARS | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $32,980 | CashGrantAmt |
| Type Of Assistance | DEPENDENT SCHOLARSHIP | TypeOfAssistanceTxt |
| Assistance Purpose | TUITION | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOND BROTHERS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SEE BELOW | RelationshipDescriptionTxt |
| Transaction | $9,191,658 | TransactionAmt |
| Transaction | SEE BELOW | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV: | FormAndLineReferenceDesc |
| Explanation | THE INSTITUTE ENGAGES IN ACTIVITIES, IN THE NORMAL COURSE OF BUSINESS, WITH ORGANIZATIONS WHOSE OFFICERS, DIRECTORS OR TRUSTEES MAY BE OFFICERS, DIRECTORS OR TRUSTEES OF THE INSTITUTE. AS SUCH, THE INSTITUTE HAD CONTRACTS FOR CONSTRUCTION SERVICES WITH BOND BROTHERS, INC., WHOSE PRESIDENT, ROBERT MURRAY IS A TRUSTEE OF THE INSTITUTE. THIS CONTRACT RESULTED FROM A COMPETITIVE BID PROCESS AND THROUGH THE NORMAL PROCUREMENT PROCESS. THE DECISION TO AWARD THE CONSTRUCTION CONTRACT TO BOND BROTHERS, INC. WAS MADE IN CONSULTATION WITH THE INSTITUTE'S INDEPENDENT AUDIT COMMITTEE CHAIRMAN. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 11 | ContributionCnt |
| Noncash Contributions Rpt F990 | $547,450 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | QUOTED MARKET PRICE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER REPORTED IN COLUMN (B) OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTIONS OF EACH ITEM. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | CORPORATOR AND FORMER TRUSTEE EDWARD A. BOND AND TRUSTEE ROBERT MURRAY HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | UNDER THE ORGANIZATION'S BYLAWS, THE CORPORATION CONSISTS OF PERSONS CALLED CORPORATORS. NEW TRUSTEES AND INCUMBENT MEMBERS OF THE BOARD OF TRUSTEES WHO ARE ELIGIBLE FOR RE-ELECTION SHALL BE ELECTED AT THE CORPORATION'S ANNUAL MEETING DULY CALLED AT WHICH A QUORUM IS PRESENT BY A MAJORITY OF THE CORPORATORS PRESENT AT SUCH MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7A | UNDER THE ORGANIZATION'S BYLAWS, THE CORPORATION CONSISTS OF PERSONS CALLED CORPORATORS. NEW TRUSTEES AND INCUMBENT MEMBERS OF THE BOARD OF TRUSTEES WHO ARE ELIGIBLE FOR RE-ELECTION SHALL BE ELECTED AT THE CORPORATION'S ANNUAL MEETING DULY CALLED AT WHICH A QUORUM IS PRESENT BY A MAJORITY OF THE CORPORATORS PRESENT AT SUCH MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO ITS FILING. AFTER APPROVAL BY THE AUDIT COMMITTEE, BUT BEFORE IT IS FILED, THE FORM 990 IS POSTED ON THE INSTITUTE'S SECURE WEB PORTAL FOR TRUSTEES. ALL TRUSTEES ARE SENT AN EMAIL TO LET THEM KNOW THAT THE FORM 990 IS AVAILABLE ON THE SECURE PORTAL FOR THEIR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE INSTITUTE ANNUALLY DISTRIBUTES, VIA EMAIL AND OTHER ELECTRONIC MEANS, A COPY OF THE CONFLICT OF INTEREST POLICY AND RELATED DISCLOSURE FORMS. WE MONITOR THE REPLIES TO ENSURE THAT WE RECEIVE REPLIES FROM ALL APPROPRIATE CORPORATORS, TRUSTEES, OFFICERS, FACULTY AND STAFF PER THE REQUIREMENTS OF THE POLICY. DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITEE FOR DISPOSITION. THE POLICY ALSO REMINDS ALL INDIVIDUALS THAT THEY ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE AT ANY TIME AFTER COMPLETION OF THE DISCLOSURE FORM. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS FOUND TO EXIST, THE CONFLICTED INDIVIDUAL MAY BE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS RELATING TO THEIR TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE OFFICERS AND OTHER KEY EMPLOYEES OF THE INSTITUTE MUST ALLOW WENTWORTH TO ATTRACT THE BEST INDIVIDUALS FOR EACH POSITION. THAT COMPENSATION SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE THAT COMPENSATION PACKAGES ARE APPROPRIATE IN THE MARKETPLACE, THAT THE INSTITUTE HAS A REBUTTABLE PRESUMPTION OF REASONABLENESS, AND THAT THE INSTITUTE DOES NOT VIOLATE THE INERMEDIATE SANCTIONS PROVISIONS OF THE INTERNAL REVENUE CODE. IN ORDER TO DETERMINE MARKET VALUE, WENTWORTH HIRED COMPENSATION CONSULTANTS IN 2014 WHO CONDUCTED A MARKET ANALYSIS OF THESE POSITIONS. THIS ANALYSIS INCLUDES DATA FROM PEER INSTITUTIONS. IN ADDITION, WENTWORTH PARTICIPATES IN SEVERAL SALARY SURVEYS WHICH WE USE TO EVALUATE THE COMPETITIVENESS OF OUR SALARIES. ON AN ANNUAL BASIS, THE PRESIDENT SHALL PROVIDE THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ALL PROPOSED OFFICER COMPENSATION FOR THE NEW CALENDAR YEAR. THE EXECUTIVE COMMITTEE SHALL DETERMINE THE APPROPRIATENESS OF THE OFFICER SALARIES. THE VICE PRESIDENT OF FINANCE/ASSISTANT TREASURER WORKS WITH THE EXECUTIVE COMMITTEE TO APPROVE THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE SHALL DOCUMENT IN THE MINUTES OF THE MEETING ALL ACTIONS TAKEN AND DATA USED TO DETERMINE SALARY. ONCE THE EXECUTIVE COMMITTEE MAKES THE RECOMMENDATIONS FOR THE OFFICERS, THE PRESIDENT WILL INFORM THE HUMAN RESOURCES DEPARTMENT TO IMPLEMENT THE CHANGES. THE VICE PRESIDENT OF FINANCE/ASSISTANT TREASURER WILL SUBMIT THE SALARY RECOMMENDATIONS FOR THE PRESIDENT TO THE HUMAN RESOURCES DEPARTMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN OR ELECTRONIC REQUEST. |
| FORM 990, PART XI, LINE 9: | UNREALIZED LOSS ON INTEREST RATE SWAPS -1,167,520. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | TRUST | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |