2014-03-07T08:52:52-06:00 2013-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2012-07-01 042103585 LASELL COLLEGE LASE 6172432100 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 MICHAEL J HOYLE PH D 6172432100 2014-02-26 1 JOSEPH M GISO CPA MST P00030126 6177610600 2014-02-26 2012 2015-11-30 17:44:51Z MICHAEL B ALEXANDER 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 92344198 0 X WWW.LASELL.EDU X 1851 MA LASELL COLLEGE ENGAGES STUDENTS IN THE PRACTICE OF THEIR FIELDS OF STUDY THROUGH COLLABORATIVE LEARNING THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION AND SOCIAL RESPONSIBILITY. 25 24 1033 270 0 0 2134333 2019164 61879010 69132554 1254448 3770614 90667 111901 65358458 75034233 19335301 22336819 0 0 22591274 24727841 5622 2520 1535066 22788445 24385239 64720642 71452419 637816 3581814 120455433 121296470 74637141 69259067 45818292 52037403 X LASELL COLLEGE ENGAGES STUDENTS IN THE PRACTICE OF THEIR FIELDS OF STUDY THROUGH COLLABORATIVE LEARNING THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION AND SOCIAL RESPONSIBILITY. 0 0 61943777 22336819 66963380 LASELL COLLEGE IS A COMPREHENSIVE COEDUCATIONAL COLLEGE WHICH OFFERS PROFESSIONALLY ORIENTED BACHELOR'S AND MASTER'S DEGREE PROGRAMS, INCLUDING MORE THAN 25 ACADEMIC MAJORS.OUR STUDENTS ARE GIVEN THE OPPORTUNITY TO PRACTICE AND PREPARE FOR THE REAL WORLD THROUGH A PROJECT-BASED AND PROBLEM-BASED APPROACH TO TEACHING, THROUGH EXPOSURE TO DIVERSE CULTURES AND PEOPLES, THROUGH THE DEVELOPMENT OF CRITICAL SKILLS SUCH AS WRITING AND SPEAKING IN FRONT OF GROUPS, AND THROUGH CONFRONTATION WITH ETHICAL AND MORAL QUESTIONS.LASELL COLLEGE IS KNOWN FOR HELPING STUDENTS MAKE THE CONNECTION BETWEEN CLASSROOM LESSONS AND REAL LIFE THROUGH HANDS-ON ACTIVITIES SUCH AS INTERNSHIPS, PRACTICA, SERVICE LEARNING, AND MEANINGFUL PROJECTS. CONNECTED LEARNING AT LASELL COLLEGE INVOLVES STUDENTS DIRECTLY AND ACTIVELY IN THE FIELDS THEY ARE LEARNING. IN ALL MAJORS, STUDENTS EXPLORE REAL ISSUES, EVENTS, PROBLEMS, AND SOLUTIONS. LASELL COLLEGE FACULTY ARE COMMITTED TO CREATIVELY INTEGRATING CHALLENGING COURSEWORK WITH PRACTICAL EXPERIENCE IN AN ENVIRONMENT THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION, ACTIVE CITIZENSHIP AND SOCIAL RESPONSIBILTIY.**NUMBER OF STUDENTS IN 2012-2013 SCHOOL YEAR: FALL 2012 SEMESTER: UNDERGRADUATE 1627 FULL-TIME, 27 PART-TIME; GRADUATE 95 FULL-TIME, 230 PART-TIME. SPRING 2013 SEMESTER: UNDERGRADUATE 1522 FULL-TIME, 25 PART-TIME; GRADUATE 109 FULL-TIME, 251 PART-TIME.SUMMER 2012 TERM 2: GRADUATE 2 FULL-TIME, 152 PART-TIME.SUMMER 2013 TERM 1: UNDERGRADUATE 134 PART-TIME; GRADUATE 1 FULL-TIME, 204 PART-TIME.OUR UNDERGRADUATE STUDENTS REPRESENT 25 STATES AND 20 FOREIGN COUNTRIES AND OUR GRADUATE STUDENTS REPRESENT 36 STATES AND 21 FOREIGN COUNTRIES. 1115285 1888346 PROVIDED MANAGEMENT AND EDUCATIONAL SERVICES AND LEASED LAND TO LASELL VILLAGE, INC., A TAX-EXEMPT AFFILIATE, FUNCTIONS THAT ARE INTEGRAL TO THE CONDUCT OF THE EXEMPT FUNCTIONS OF LASELL VILLAGE, INC. 219158 280828 PROVIDED FACILITIES FOR OTHER EDUCATIONAL ORGANIZATIONS TO CONDUCT EDUCATIONAL PROGRAMS AND TO PROVIDE HOUSING TO STUDENTS. 63278220 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 144 0 1 1033 1 0 0 0 0 0 0 0 0 0 0 X 25 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AK MD MI NH NY OR SC X X X MICHAEL J HOYLE PH D VP FOR BU 6172432100 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 RICHARD K BLANKSTEIN 1.00 X X 0 0 0 JUDITH B WITTENBERG 1.00 X X 0 0 0 SALLY M ANDREWS 1.00 X X 0 0 0 SUSAN HASS 1.00 X X 0 0 0 ERIC M TURNER 1.00 X 0 0 0 ED BERSOFF 1.00 X 0 0 0 RENA CLARK 1.00 X 0 0 0 GERRY DEROCHE 1.00 X 0 0 0 JOHN DORAN 1.00 X 0 0 0 SUSAN RINKLIN DUNNE 1.00 X 0 0 0 IRWIN GRUVERMAN 1.00 X 0 0 0 HELENA BENTZ HARTNETT 1.00 X 0 0 0 KATHLEEN HEGENBART 1.00 X 0 0 0 KEON HOLMES 1.00 X 0 0 0 SHELAGH JOYCE 1.00 X 0 0 0 JOHN F LEONARD 1.00 X 0 0 0 JOHN MAGUIRE 1.00 X 0 0 0 KAREN MCCAFFERTY 1.00 X 0 0 0 DAVID MCINNIS 1.00 X 0 0 0 MARK MENDELL 1.00 X 0 0 0 SUSAN MORAN 1.00 X 0 0 0 LAURIE PASCAL 1.00 X 0 0 0 LUCIE SALHANY 1.00 X 0 0 0 ELISSE ALLINSON SHARE 1.00 X 0 0 0 DOUGLAS N SHARP 1.00 X 0 0 0 ERIK J STAPPER 1.00 X 0 0 0 ADELAIDE SHAFFER VAN WINKLE 1.00 X 0 0 0 MICHAEL B ALEXANDER 40.00 X 351260 0 41211 DR MICHAEL J HOYLE 40.00 X 195547 0 27354 PAMELA FARIA 40.00 X 108625 0 17471 DR KATHLEEN M O'CONNOR 40.00 X 210990 0 21975 DR PAULA D PANCHUCK 40.00 X 179182 0 26606 DR JAMES M OSTROW 40.00 X 175807 0 34125 RUTH S SHUMAN 40.00 X 137566 0 20754 DIANE M AUSTIN 40.00 X 137075 0 18172 1496052 0 207668 20 0 1 0 METRIC CONSTRUCTION CORP 55 HENSHAW ST BOSTON MA 02135 CONSTRUCTION SERVICES 7799641 SODEXO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD/HOUSEKEEPING SERVICES 4059983 COMMODORE BUILDERS 80 BRIDGE ST NEWTON MA 02458 CONSTRUCTION SERVICES 3581214 PCS LINK INC 1936 EAST DEERE AVE SANTA ANA CA 92705 CONSULTING SERVICES 693391 METRO WEST CONTRACTING CORP 6 BEAUMONTS POND DRIVE FOXBORO MA 02035 CONSTRUCTION SERVICES 605760 17 512054 1507110 175877 2019164 TUITION & FEES 611310 49318682 49318682 ROOM & BOARD 611310 15380246 15380246 MGMT FEE/RENT FROM TAX-EXEMPT AFF 561499 1888346 1888346 CONNECTED LEARNING/ED. 611710 1607561 1607561 FACILITY RENTAL 611710 280828 280828 656891 268864 388027 69132554 716077 716077 77101 36587 40514 40514 40514 20324440 17269903 3054537 3054537 3054537 21554 3475 18079 18079 MISCELLANEOUS INCOME 900099 29877 29877 ALUMNI EVENTS 900099 23431 23431 53308 75034233 68797835 0 4217234 22336819 22336819 785527 695988 89539 19809303 15077316 3894862 837125 816531 614018 153001 49512 1864767 1286514 494434 83819 1451713 1090363 301008 60342 181356 326 181030 85543 85543 65089 65089 2520 2520 134524 134524 2438883 1899647 492286 46950 364914 342287 22627 2078834 1242289 701481 135064 843662 174024 667015 2623 4930028 531414 4398614 833203 709627 103116 20460 109649 70155 36755 2739 2776330 2741075 35255 4277174 3789277 429349 58548 176821 28272 148549 CAFETERIA FOOD SERVICE 2744178 2744178 ANNUITY PAYMENTS 299812 299812 LOSS ON DISPOSAL OF PRO 141784 141784 ALLOCATION OF OPERATION 0 7010738 -7069570 58832 1903455 1589881 226581 86993 71452419 63278220 6639133 1535066 878 29919 9458544 7485330 2345490 1430098 273488 339810 661 93 324655 873450 112088536 37185013 72301490 74903523 29458582 29796701 2572660 2803275 413907 369284 3305078 3264987 120455433 121296470 6375376 4645945 4958918 4788223 53971155 53048804 9331692 6776095 74637141 69259067 X 33473398 39913505 4667140 4313186 7677754 7810712 45818292 52037403 120455433 121296470 X 3581814 -171300 2808597 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1000 0 0 1 6355 0 1 65089 72444 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LASELL COLLEGE EMPLOYED A LOBBYIST TO SEEK OUT AND OBTAIN GRANT MONEY FOR THE COLLEGE. 26264144 3406039 3446873 96332 919770 173021 31927933 26527439 807458 47335 74298 854734 189056 26264144 22588164 787496 4278026 76475 853195 196577 26527439 20479228 487140 2713194 48683 831420 211295 22588164 24891168 851858 -4244603 46530 753961 218704 20479228 0.67750 0.24440 0.07810 1 0 1235118 1235118 93512827 27338948 66173879 9225080 7200625 2024455 1598733 6516778 2645440 5470071 74903523 FAIR MARKET VALUE INTEREST RATE SWAPS 5026198 REFUNDABLE ADVANCES - PERKINS LOAN PROGRAM 344172 CONDITIONAL ASSET RETIREMENT OBLIGATION 76500 ANNUITY OBLIGATIONS 1092818 CAPITAL LEASE LIABILITY 145689 BALANCE DUE AFFILIATE 90718 6776095 X 55136304 -171300 2845184 2673884 52462420 134524 22437289 22571813 75034233 48917193 36587 36587 48880606 134524 22437289 22571813 71452419 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: BOARD-DESIGNATED ENDOWMENT - FUNDS SET ASIDE BY THE BOARD OF TRUSTEES FOR STRATEGIC PURPOSES AND TO PROVIDE INVESTMENT INCOME TO SUPPORT OPERATIONS. THESE AMOUNTS MAY ONLY BE USED WITH THE APPROVAL OF THE BOARD OF TRUSTEES. PERMANENT ENDOWMENT - AMOUNTS RESTRICTED BY DONORS AGAINST ANY EXPENDITURE OF PRINCIPAL. SUBSTANTIALLY ALL THE INCOME EARNED ON PRINCIPAL MAY BE USED FOR GENERAL OR DONOR-RESTRICTED PURPOSES AND IS RECORDED IN UNRESTRICTED NET ASSETS OR TEMPORARILY RESTRICTED NET ASSETS, AS APPROPRIATE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE 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 COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE COLLEGE'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 2,663,620. RENTAL EXPENSES INCLUDED ON PART VIII, LINE 4B 36,587. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 147,543. CHANGE IN VALUE OF BENEFICIAL INTERESTS -2,566. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 21,952,619. AUXILIARY ENTERPRISE DISCOUNTS 17,323. OTHER EXPENSE 25,751. ANNUITY PAYMENTS 299,812. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 141,784. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED ON PART VIII, LINE 4B 36,587. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 21,952,619. AUXILIARY ENTERPRISE DISCOUNTS 17,323. ANNUITY PAYMENTS 299,812. OTHER EXPENSE 25,751. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 141,784. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 PER PART 4.03 2(B) OF REV. PROC 75-50, 1975-2 C.B.587, THE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL SECTION OF THE UNITED STATES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS. IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. ITS PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE AVAILABILITY OF THE COLLEGE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS IN THE FORM OF FUNDS DISTRIBUTED FOR FINANCIAL AID OR SUPPORT OF EDUCATIONAL PROGRAMS. X X X X X 0 MA AK MD MI NH NY OR SC 1 21554 21554 3475 21554 21554 3475 3475 18079 1 SEOG GRANTS 84 116677 MASSACHUSETTS GILBERT GRANTS 131 250200 LASELL SCHOLARSHIPS AND OTHER FINANCIAL AID AWARDS 1621 21758322 SCHOLARSHIPS FROM RESTRICTED GIFTS 6 21000 LASELL SIBLING DISCOUNTS 27 40538 LASELL TUITION EXCHANGE DISCOUNTS 7 130710 LASELL OTHER TUITION DISCOUNTS 12 19372 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: INSTITUTIONAL FINANCIAL ASSISTANCE IS AWARDED BASED ON BOTH A FINANCIAL NEED AND MERIT BASIS. FINANCIAL NEED IS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID AND SUPPORTING DOCUMENTS AND THE USE OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA AND THE INSTITUTIONAL METHODOLOGY NEED ANALYSIS FORMULA. MERIT AID IS AWARDED TO STUDENTS WHO MEET CERTAIN ACADEMIC CRITERIA WHO MAY OR MAY NOT ALSO HAVE FINANCIAL NEED FOR ASSISTANCE. CAMPUS BASED FINANCIAL ASSISTANCE FROM FEDERAL AND STATE SOURCES IS AWARDED BASED ON FINANCIAL NEED AND OTHER ELIGIBILITY REQUIREMENTS AS STIPULATED BY FEDERAL OR STATE GUIDELINES. FINANCIAL NEED IS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID AND SUPPORTING DOCUMENTS AND THE USE OF THE FEDERAL METHODOLOGY NEED ANALYSIS FORMULA. X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 MICHAEL B ALEXANDER 325218 0 16250 0 9792 0 21250 0 19961 0 392471 0 0 0 DR MICHAEL J HOYLE 175367 0 20000 0 180 0 13700 0 13654 0 222901 0 0 0 DR KATHLEEN M O'CONNOR 190474 0 20000 0 516 0 14462 0 7513 0 232965 0 0 0 DR PAULA D PANCHUCK 163390 0 15000 0 792 0 12835 0 13771 0 205788 0 0 0 DR JAMES M OSTROW 165291 0 10000 0 516 0 13170 0 20955 0 209932 0 0 0 RUTH S SHUMAN 137050 0 0 0 516 0 10650 0 10104 0 158320 0 0 0 DIANE M AUSTIN 131283 0 5000 0 792 0 10068 0 8104 0 155247 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDED NON-TAXABLE HOUSING TO THE ASSISTANT CLERK/EXECUTIVE ASSISTANT TO THE PRESIDENT AS PART OF HER COMPENSATION. PART I, LINE 7 AS DETAILED ON SCHEDULE J, PART II, BONUSES WERE AWARDED TO CERTAIN EMPLOYEES DURING THE YEAR. A BONUS WAS AWARDED TO THE PRESIDENT OF THE COLLEGE AT THE RECOMMENDATION OF THE EXECUTIVE COMPENSATION COMMITTEE AND UPON THE APPROVAL OF THE BOARD OF TRUSTEES. BONUSES TO ALL OTHER PERSONS WERE AWARDED AT THE DISCRETION OF THE PRESIDENT OF THE COLLEGE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RZC2 2008-08-07 14665000 CONSTRUCTION OF RESIDENCE HALL & EXISTING PROJECTS 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGS8 2006-09-28 6400000 ADVANCE REFUND OF PRIOR ISSUE 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGS8 2006-09-28 12070000 CONSTRUCTION OF RESIDENCE HALL & EXISTING PROJECTS 0 0 0 D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583UCZ9 2011-05-25 24589453 REFUND PRIOR ISSUE AND NEW CONSTRUCTION 0 0 0 A 3550000 14732917 661923 248753 69657 13752884 2009 0 0 1 1 B 375000 6400000 123645 17921 53884 6204550 2007 0 1 1 1 C 360000 12292016 330000 281019 33798 8592712 3054487 2007 1 0 1 1 D 470000 24589866 1959213 807400 382372 11023653 10417228 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 RBS CITIZENS 29.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 RBS CITIZENS 20.000000000000 0 0 0 0 1 C 0 0 0 1 1 1 RBS CITIZENS 30.000000000000 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 FORM 990, SCHEDULE K-PART II, LINE 3-TOTAL PROCEEDS OF ISSUE. THE DIFFERENCES CONSIST OF INTEREST EARNED: COLUMN A AMOUNT $67,917. COLUMN C AMOUNT $222,016. COLUMN D AMOUNT $413. MAGUIRE ASSOCIATES INC ENTITY OWNED BY JOHN MAGUIRE, TRUSTEE 120000 CONSULTING AGREEMENT 0 X 6 175877 FAIR MARKET VALUE 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 A MEETING OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES (BOT) REVIEWED THE FORM 990 AND RECOMMENDED TO THE FULL BOT THAT THE FORM 990 BE ACCEPTED AND FILED. THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOT PRIOR TO THE BOARD MEETING AND THE BOT APPROVED THE MOTION TO ACCEPT THE FORM 990 AND FILE THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES SEND THE CONFLICT OF INTEREST FORMS TO THE EXECUTIVE ASSISTANT TO THE PRESIDENT WHO REVIEWS THE FORMS, LOOKING FOR CONFLICTS NOTED OR NOT NOTED BY THE TRUSTEE(S). IF A CONFLICT IS NOTED, THE FORM IS SENT TO THE COMMITTEE ON TRUSTEES OF THE BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF LASELL COLLEGE CONDUCTS AN ANNUAL WRITTEN EVALUATION OF THE PRESIDENT OF THE COLLEGE WHOSE DUTIES ALSO INCLUDE CEO OF LASELL VILLAGE AND ESTABLISHES COMPENSATION BASED ON PERFORMANCE AND AMONG OTHER DATA, CONSIDERS A COMPARISON OF PRESIDENTS AND CEO'S AT SIMILAR SIZED INSTITUTIONS. THE PRESIDENT REVIEWS THE PERFORMANCE OF EACH OFFICER AND KEY EMPLOYEE AGAINST A WRITTEN SET OF GOALS. COMPENSATION IS DETERMINED BY REVIEWING SALARY DATA OF THE RESPECTIVE POSITION AT PEER INSTITUTIONS, AS WELL AS REVIEWING SALARY DATA FROM NATIONAL SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. THE FINANCIAL STATEMENTS OF LASELL COLLEGE ARE AVAILABLE ON THE COLLEGE'S WEBSITE AS WELL AS IN THE RESERVE SECTION OF THE COLLEGE LIBRARY. ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE VIA THE MASSCHUSETTS ATTORNEY GENERAL'S WEBSITE AND WWW.GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 2,663,620. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 147,543. CHANGE IN VALUE OF BENEFICIAL INTERESTS -2,566. LASELL VILLAGE 120 SEMINARY AVE AUBURNDALE MA 02466 223042122 RESIDENTIAL CARE MA 501(C)(3) LINE 9 LASELL INC 0 LASELL INC 1844 COMMONWEALTH AVE NEWTON MA 024662716 861070319 ADMINISTRATIVE SUPPORT MA 501(C)(3) LINE 11B, II N/A 0 CHARITABLE REMAINDER ANNUITY TRUST INVESTMENTS MA N/A T 15320 1.00000 0 CHARITABLE REMAINDER UNITRUST INVESTMENTS MA N/A T 171249 1.00000 0 CHARITABLE REMAINDER ANNUITY TRUST INVESTMENTS MA N/A T 42207 1.00000 0 CHARITABLE REMAINDER ANNUITY TRUST INVESTMENTS MA N/A T 55566 1.00000 0 CHARITABLE REMAINDER UNITRUST INVESTMENTS MA N/A T 177017 1.00000 0 CHARITABLE REMAINDER UNITRUST INVESTMENTS MA N/A T 311025 1.00000 0 TRUST INVESTMENTS MA N/A T 562946 1.00000 0 TRUST INVESTMENTS MA N/A T 920437 1.00000 0 TRUST INVESTMENTS MA N/A T 161001 0.50000 0 CHARITABLE REMAINDER UNITRUST INVESTMENTS MA N/A T 162246 0.50000 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0