BECKER COLLEGE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- BECKER COLLEGE (EIN 04-2108346)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-03-10
- IRS object ID
- 201400699349300655
- Schema version
- 2012v2.1
- 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 D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-03-10T11:39:30-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043037870 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042108346 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BECKER COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BECK | NameControl |
| Phone | 5087919241 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 SEVER STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01609 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID A ELLIS PHD | Name |
| Title | SR VP/CFO | Title |
| Phone | 5087919241 | Phone |
| Date Signed | 2014-03-03 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA E KING | Name |
| PTIN | P00005629 | PTIN |
| Phone | 5087557107 | Phone |
| Date Prepared | 2014-01-30 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID A ELLIS PHD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 SEVER STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01609 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 55371987 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BECKERCOLLEGE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1784 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | BECKER COLLEGE PROVIDES ACADEMIC AND CAREER EDUCATION INTEGRATED WITH THE LIBERAL ARTS AND SCIENCES, WHICH LEADS TO THE AWARDING OF THE ASSOCIATE IN SCIENCE DEGREES. BACCALAUREATE DEGREE PROGRAMS BUILD ON THIS STRONG LIBERAL LEARNING AND CAREER KNOWLEDGE BASE WITH ADDITIONAL COURSES AND EDUCATIONAL EXPERIENCES. WITH THE COMPLETION OF THE DEGREE, GRADUATES ARE PREPARED TO ENTER THE WORK FORCE WITHIN THEIR CHOSEN CAREER OR CONTINUE THEIR EDUCATION. STUDENTS WHO COMPLETE A DEGREE PROGRAM ARE PREARED TO ADVANCE IN THEIR PROFESSIONAL CAREERS. THROUGHOUT, OPPORTUNITIES FOR PERSONAL DEVELOPMENT ARE SUPPLEMENTED BY COLLEGE-SPONSORED ACTIVITIES, CULTURAL ENRICHMENT PROGRAMS, ATHLETICS AND COMMUNITY SERVICE PROJECTS. IN KEEPING WITH ITS MISSION, THE COLLEGE EXTENDS OPPORTUNITIES FOR EDUCATIONAL. PROFESSIONAL AND PERSONAL ADVANCEMENT THROUGH ITS ACCELERATED AND PROFESSIONAL STUDIES PROGRAMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 976 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2333922 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1642528 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 47375263 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 51873461 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 89745 | InvestmentIncomePriorYear |
| Investment Income Current Year | 160516 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1990 | OtherRevenuePriorYear |
| Other Revenue Current Year | 100 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 49800920 | TotalRevenuePriorYear |
| Total Revenue Current Year | 53676605 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13481448 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 15743738 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19596354 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20742389 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15263073 | OtherExpensePriorYear |
| Other Expenses Current Year | 16726987 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 48340875 | TotalExpensesPriorYear |
| Total Expenses Current Year | 53213114 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1460045 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 463491 | RevenuesLessExpensesCY |
| Total Assets BOY | 39127613 | TotalAssetsBOY |
| Total Assets EOY | 40242815 | TotalAssetsEOY |
| Total Liabilities BOY | 19677601 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 20086986 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19450012 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 20155829 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | BECKER COLLEGE SERVES MORE THAN 1,700 STUDENTS FROM 18 STATES AND 12 COUNTRIES AND OFFERS OVER 25 DIVERSE, FIRST-QUALITY BACHELOR DEGREE PROGRAMS IN UNIQUE, HIGH-DEMAND CAREER NICHES RANGING FROM NURSING AND EQUINE MANAGEMENT TO COMPUTER GAME DESIGN AND A VARIETY OF ADULT LEARNING OPTIONS. WITH CAMPUSES IN WORCESTER AND LEICESTER, MA., BECKER TRACES ITS HISTORY TO 1784 AND HAS OVER 20,000 ALUMNI. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 18293835 | Expense |
| Grants | 15743738 | Grants |
| Revenue | 15743738 | Revenue |
| Description | STUDENT FINANCIAL AID- FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY PROGRAM, COLLEGE SCHOLARSHIPS AND TUITION REMISSION | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 8731154 | Expense |
| Revenue | 28532199 | Revenue |
| Description | INSTRUCTIONAL - FACULTY, LIBRARY & EVENING DIVISION | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7129718 | Expense |
| Revenue | 120294 | Revenue |
| Description | STUDENT SERVICES - REGISTRAR'S OFFICE, STUDENT SERVICE ADMINISTRATION, STUDENT SERVICES, ADMISSIONS AND FINANCIAL AID ADMINISTRATION | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6371254 | Expense |
| Revenue | 7477230 | Revenue |
| Description | AUXILIARY ENTERPRISES - DORMITORY, DINING HALLS, BOOKSTORE, STUDENT CENTER, ANIMAL HOSPITAL & CLINIC, DAYCARE CENTER, AND SNACKBAR | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 6371254 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 7477230 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 40525961 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 4574 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 976 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD N NAYLOR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5083739453 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 SEVER STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01609 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MARY T ALEKSIEWICZ | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT A BERNSTEIN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| P SCOTT CONTI | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| THE HONORABLE MARTHA P GRACE | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JOHN E GRAHAM | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| TIMOTHY F HORAN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| W PATRICK HUGHES | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JOY J MCHUGH | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| FRANCES E POLITO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DANIEL M PROUTY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| CHRISTOPHER P PROVO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| PETER J ROWDEN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DR JERRIANNE SEGER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| PAOLO SINNI | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JOHN L SULLIVAN MD | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| SARAH H WILLIAMS | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ARTHUR P DIGERONIMO JR | |||||||
| CHAIRMAN | 2.00 | 0 | 0 | 0 | X | ||
| RICHARD LPYLE | |||||||
| VICE CHAIRMAN | 2.00 | 0 | 0 | 0 | X | ||
| GEORGE J ISAAC CPA | |||||||
| TREASURER | 2.00 | 0 | 0 | 0 | X | ||
| JOHN H BUDD | |||||||
| SECRETARY | 2.00 | 0 | 0 | 0 | X | ||
| DAVID A ELLIS PHD | |||||||
| SR VP/CFO | 37.50 | 251500 | 0 | 38580 | X | ||
| DEAN HICKEY | |||||||
| VP OF DEVELOPEMNT | 37.50 | 126043 | 0 | 21703 | X | ||
| ELIZABETH FULLER | |||||||
| VP OF ACADEMIC AFFAIRS | 37.50 | 145987 | 0 | 28179 | X | ||
| COLLEEN BIELITZ | |||||||
| DEAN ACCELERATED/PROF STUD | 37.50 | 120864 | 0 | 16777 | X | ||
| KEVIN MAYNE | |||||||
| VP OF ENROLLMENT MGT | 37.50 | 174580 | 0 | 17458 | X | ||
| NANCY CRIMMIN | |||||||
| VP OF STUDENT AFFAIRS | 37.50 | 123817 | 0 | 25662 | X | ||
| ROBERT JOHNSON PHD | |||||||
| PRESIDENT | 37.50 | 363008 | 0 | 38580 | X | ||
| RICHARD FRENCH | |||||||
| DEAN OF ANIMAL STUDIES | 37.50 | 155056 | 0 | 29086 | X | ||
| LINDA ESPER | |||||||
| DEAN OF NURSING | 37.50 | 112994 | 0 | 24879 | X | ||
| KEN CAMERON | |||||||
| ASST. VP OF ADMINISTRATION | 37.50 | 112249 | 0 | 24805 | X | ||
| RICHARD NAYLOR | |||||||
| CONTROLLER | 37.50 | 107213 | 0 | 10721 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1793311 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 276430 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CHARTWELLS | |||||
| 91337 COLLECTIONS DRIVE | CHICAGO | IL | 60693 | FOOD SERVICE VENDOR | 2869438 |
| RP MASIELLO | |||||
| PO BOX 742 | BOYLSTON | MA | 01505 | CONSTRUCTION CONTRACTOR | 1707040 |
| ELLUCIAN | |||||
| 4375 FAIR LAKES CT | FAIRFAX | VA | 22033 | IT CONSULTANT | 1629929 |
| DATATEL INC | |||||
| 4735 FAIR LAKES COURT | FAIRFAX | VA | 22033 | IT SOLFTWARE VENDOR | 316001 |
| ALDEN T ROYS TRUST | |||||
| 30 HIGHLAND STREET | WORCESTER | MA | 01609 | REAL ESTATE PAYMENT | 274050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Government Grants | 469550 | GovernmentGrants |
| All Other Contributions | 1172978 | AllOtherContributions |
| Total Contributions | 1642528 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611310 | 44171124 | 44171124 |
| AUXILIARY ENTERPRISES | 611710 | 7477230 | 7477230 |
| STUDENT ACTIVITIES | 611710 | 120294 | 120294 |
| EDUCATIONAL SERVICES | 611710 | 104813 | 104813 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 51873461 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 115384 | TotalRevenueColumn |
| Exclusion | $115,384 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 100 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 100 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 100 | TotalRevenueColumn |
| Exclusion | $100 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1740514 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1695382 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 45132 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45132 | TotalRevenueColumn |
| Exclusion | $45,132 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53676605 | TotalRevenueColumn |
| Related Or Exempt Function Income | 51873461 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $160,616 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15743738 | Total |
| Program Services | 15743738 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16098829 | Total |
| Program Services | 12284701 | ProgramServices |
| Management And General | 3814128 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1110304 | Total |
| Program Services | 722871 | ProgramServices |
| Management And General | 387433 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1771097 | Total |
| Program Services | 958030 | ProgramServices |
| Management And General | 813067 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1762159 | Total |
| Program Services | 1230404 | ProgramServices |
| Management And General | 531755 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202151 | Total |
| Management And General | 202151 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77021 | Total |
| Management And General | 77021 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 838944 | Total |
| Program Services | 291751 | ProgramServices |
| Management And General | 547193 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 233998 | Total |
| Program Services | 16950 | ProgramServices |
| Management And General | 217048 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1495406 | Total |
| Program Services | 957770 | ProgramServices |
| Management And General | 537636 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3369296 | Total |
| Program Services | 2661588 | ProgramServices |
| Management And General | 707708 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 512021 | Total |
| Program Services | 308638 | ProgramServices |
| Management And General | 203383 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 477358 | Total |
| Management And General | 477358 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2191779 | Total |
| Program Services | 1643833 | ProgramServices |
| Management And General | 547946 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 509672 | Total |
| Program Services | 1318 | ProgramServices |
| Management And General | 508354 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FOOD SERVICE | 2800325 | 2763520 | 36805 |
| OUTSIDE SERVICE VENDORS | 2771053 | 669395 | 2101658 |
| OTHER EXPENSES | 586280 | 271454 | 314826 |
| COMMUNICATIONS | 337635 | 337635 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 324048 | Total |
| Management And General | 324048 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53213114 | Total |
| Program Services | 40525961 | ProgramServices |
| Management And General | 12687153 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3408335 | BOY |
| EOY | 2212423 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 800623 | BOY |
| EOY | 482767 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 749653 | BOY |
| EOY | 394963 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1311906 | BOY |
| EOY | 1085134 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52341 | BOY |
| EOY | 52895 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7344 | BOY |
| EOY | 10744 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 443150 | BOY |
| EOY | 478886 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 53674773 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22184768 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30046819 | BOY |
| EOY | 31490005 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2049441 | BOY |
| EOY | 3786692 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 258001 | BOY |
| EOY | 248306 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39127613 | BOY |
| EOY | 40242815 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3274304 | BOY |
| EOY | 2934739 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13187952 | BOY |
| EOY | 13019298 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3215345 | BOY |
| EOY | 4132949 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19677601 | BOY |
| EOY | 20086986 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15189190 | BOY |
| EOY | 15566172 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 732989 | BOY |
| EOY | 1001315 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3527833 | BOY |
| EOY | 3588342 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19450012 | BOY |
| EOY | 20155829 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39127613 | BOY |
| EOY | 40242815 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 463491 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 186511 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 55815 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3242559 | BeginningOfYearBalance |
| Contributions | 560509 | Contributions |
| Investment Earnings Or Losses | 330307 | InvestmentEarningsOrLosses |
| Other Expenditures | 165132 | OtherExpenditures |
| End Of Year Balance | 3968243 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2374753 | BeginningOfYearBalance |
| Contributions | 996836 | Contributions |
| Investment Earnings Or Losses | -16425 | InvestmentEarningsOrLosses |
| Other Expenditures | 112605 | OtherExpenditures |
| End Of Year Balance | 3242559 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1598299 | BeginningOfYearBalance |
| Contributions | 592082 | Contributions |
| Investment Earnings Or Losses | 250959 | InvestmentEarningsOrLosses |
| Other Expenditures | -66587 | OtherExpenditures |
| End Of Year Balance | 2374753 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1498853 | BeginningOfYearBalance |
| Contributions | 65228 | Contributions |
| Investment Earnings Or Losses | 90318 | InvestmentEarningsOrLosses |
| Other Expenditures | -56100 | OtherExpenditures |
| End Of Year Balance | 1598299 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1402716 | BeginningOfYearBalance |
| Contributions | 127268 | Contributions |
| Investment Earnings Or Losses | 25144 | InvestmentEarningsOrLosses |
| Other Expenditures | -56275 | OtherExpenditures |
| End Of Year Balance | 1498853 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.09570 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.90430 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3479251 | OtherCostOrOtherBasis |
| Book Value | 3479251 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 40930837 | OtherCostOrOtherBasis |
| Depreciation | 18798144 | Depreciation |
| Book Value | 22132693 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7419118 | OtherCostOrOtherBasis |
| Depreciation | 3140405 | Depreciation |
| Book Value | 4278713 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1845567 | OtherCostOrOtherBasis |
| Depreciation | 246219 | Depreciation |
| Book Value | 1599348 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 31490005 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FIXED INCOME FUNDS | 800497 | F |
| EQUITIES | 2156018 | F |
| STRUCTURED PRODUCTS | 693535 | F |
| CLOSE-END FUNDS | 136642 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 3786692 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PREPAYMENTS AND DEPOSITS | $4,076,460 |
| ASSETS HELD FOR FEDERAL PERKINS LOAN PROGRAM | $56,489 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4132949 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 38175193 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 186511 | NetUnrealizedGainsInvestments |
| Other Revenues | 55815 | OtherRevenues |
| Revenue Not Rptd F990 | 242326 | RevenueNotRptdF990 |
| Revenue Subtotal | 37932867 | RevenueSubtotal |
| Other Revenues Not Included | 15743738 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 15743738 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 53676605 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 37469376 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 37469376 | ExpensesSubtotal |
| Other Expenses Not Included | 15743738 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 15743738 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 53213114 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS AND CASH. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE COLLEGE CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE COLLEGE IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE COLLEGE MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DELATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE COLLEGE'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE COLLEGE HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE COLLEGE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION, AS NEEDED, AMOUNTS FOR THE PURPOSE OF SCHOLARHSIPS AND FINANCIAL AID, CAPITAL PROJECTS, AND SPECIAL PROGRAMS. IN ESTABLISHING THIS POLICY, THE COLLEGE CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE COLLEGE'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE COLLEGE TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. SUCH DEFICIENCIES AMOUNTED TO $24,224 AS OF JUNE 30, 2013. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE COLLEGE QUALIFIES AS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAX IS REQUIRED. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. THE COLLEGE FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS 55,815. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 15,743,738. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 15,743,738. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | 2013-2014 BECKER STUDENT HANDBOOK |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | BECKER COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE GOVERNMENT THROUGH GRANTS THAT ARE PROVIDED TO THE STUDENTS TO FUND THEIR EDUCATION. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | THOMAS DOLAN | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 TOWNSEND CIRCLE | AddressLine1 |
| City | WEST BOYLSTON | City |
| State | MA | State |
| ZIP Code | 01583 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | DEVELOPMENT CONSULTANT | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 15000 | AmountRetainedByContractor |
| Net To Organization | -15000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 15000 | TotalRetainedByContractors |
| Total Net To Organization | -15000 | TotalNetToOrganization |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | INSTITUTIONAL FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 1879 | NumberOfRecipients |
| Amount Of Cash Grant | 15743738 | AmountOfCashGrant |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID A ELLIS PHD | ||||||||||||||
| SR VP/CFO | 251500 | 0 | 0 | 0 | 0 | 0 | 25000 | 0 | 13580 | 0 | 290080 | 0 | 0 | 0 |
| ELIZABETH FULLER | ||||||||||||||
| VP OF ACADEMIC AFFAIRS | 145987 | 0 | 0 | 0 | 0 | 0 | 14599 | 0 | 13580 | 0 | 174166 | 0 | 0 | 0 |
| KEVIN MAYNE | ||||||||||||||
| VP OF ENROLLMENT MGT | 174580 | 0 | 0 | 0 | 0 | 0 | 17458 | 0 | 0 | 0 | 192038 | 0 | 0 | 0 |
| ROBERT JOHNSON PHD | ||||||||||||||
| PRESIDENT | 316808 | 0 | 0 | 0 | 46200 | 0 | 25000 | 0 | 13580 | 0 | 401588 | 0 | 0 | 0 |
| RICHARD FRENCH | ||||||||||||||
| DEAN OF ANIMAL STUDIES | 155056 | 0 | 0 | 0 | 0 | 0 | 15506 | 0 | 13580 | 0 | 184142 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BECKER COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 042108346 | IssuerEIN |
| CUSIP Number | 57583RHA6 | CUSIPNumber |
| Date Issued | 2006-12-01 | DateIssued |
| Issue Price | 11445000 | IssuePrice |
| Description Of Purpose | BUILDING ON NEW DORM & ATHLETIC FIELD RENOVATION | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 1020000 | AmountRetired |
| Total Proceeds | 11445000 | TotalProceeds |
| Issuance Costs From Proceeds | 290838 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 31724 | WorkingCapitalExpenditures |
| Capital Expenditures | 11413276 | CapitalExpenditures |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOVEREIGN BANK (2) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 1 | WrittenProcToMonitorReqs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS REVIEWED BY THE CFO AND THE FINANCE BOARD MEMBER, PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO INSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | BENEFITS AND COMPENSATION FOR SENIOR MANAGEMENT ARE DETERMINED AFTER BENCHMARKING TOTAL COMPENSATION AT COMPARABLE INSTITUTIONS WITH SIMILAR POSITIONS. RESOURCES USED ARE THE CHRONICLE OF HIGHER EDUCATION, INSIDE HIGHER EDUCATION, COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA), THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO), COLLEGES OF THE WORCESTER CONSORTIUM AND THE SOUTHERN NEW ENGLAND COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION LIST SERVE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | INTERESTED PARTIES/QUESTIONS CONCERNING THE 990 ARE DIRECTED TO THE STATE'S WEBSITE. | |
| FORM 990, PART XI, LINE 9: | UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS 55,815. | CHANGES IN NET ASSETS OR FUND BALANCES: |