2014-05-12T09:32:06-05:00 2013-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2012-07-01 042452884 NEWBURY COLLEGE INC NEWB 6177307000 129 FISHER AVENUE BROOKLINE MA 024455796 JOYCE HANLON 6177307000 2014-05-07 1 DAVID A DIIULIS P00303577 6174711120 2014-05-07 2012 2015-11-30 17:44:51Z HANNAH MCCARTHY 129 FISHER AVENUE BROOKLINE MA 02445 30921555 0 X WWW.NEWBURY.EDU X 1968 MA NEWBURY COLLEGE ENGAGES STUDENTS IN A CAREER-FOCUSED EDUCATION, GROUNDED IN THE LIBERAL ARTS, WITHIN A DIVERSE AND DYNAMIC LEARNING COMMUNITY. THE COLLEGE MENTORS STUDENTS TO BECOME PROFESSIONALLY COMPETENT, ETHICALLY AWARE, SOCIALLY RESPONSIBLE AND PREPARED FOR LIFELONG LEARNING. COMMITTED TO PERSONALIZED AND EXPERIENCE-BASED TEACHING, NEWBURY COLLEGE INSPIRES STUDENTS TO BECOME INDEPENDENT THINKERS, VALUABLE COLLABORATORS AND GLOBAL-MINDED CITIZENS. 14 14 482 0 0 0 502744 564342 28486515 29849715 5263 5591 312749 333166 29307271 30752814 9494959 10429159 0 0 7935258 8149142 0 0 0 10420130 10952126 27850347 29530427 1456924 1222387 22264316 22560895 12601049 11608920 9663267 10951975 X NEWBURY COLLEGE ENGAGES STUDENTS IN A CAREER-FOCUSED EDUCATION, GROUNDED IN THE LIBERAL ARTS, WITHIN A DIVERSE AND DYNAMIC LEARNING COMMUNITY. THE COLLEGE MENTORS STUDENTS TO BECOME PROFESSIONALLY COMPETENT, ETHICALLY AWARE, SOCIALLY RESPONSIBLE AND PREPARED FOR LIFELONG LEARNING. COMMITTED TO PERSONALIZED AND EXPERIENCE-BASED TEACHING, NEWBURY COLLEGE INSPIRES STUDENTS TO BECOME INDEPENDENT THINKERS, VALUABLE COLLABORATORS AND GLOBAL-MINDED CITIZENS. 0 0 10429159 10429159 STUDENT FINANCIAL AID EXPENSE 6742268 INSTRUCTIONAL RELATED EXPENSE 4776161 STUDENT SERVICES RELATED EXPENSE 3854929 INSTITUTIONAL SUPPORT RELATED EXPENSE 3854929 25802517 1 1 0 0 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 0 1 0 0 0 0 0 0 0 0 1 20 0 1 482 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOYCE HANLON VICE PRESIDENT OF FINANCE & CFO 6177307000 129 FISHER AVENUE BROOKLINE MA 024455796 KAY H HODGE ESQ 1.00 X 0 0 0 JANE LUNDQUIST 1.00 X 0 0 0 DR J KEITH MOTLEY 1.00 X 0 0 0 LAWRENCE E KAPLAN 1.00 X 0 0 0 RICHARD MOREAU 1.00 X 0 0 0 MARGARET WINSLOW 1.00 X 0 0 0 JAMES DAVIS 1.00 X 0 0 0 NORMAN LEVENSON 1.00 X 0 0 0 ROGER E GORDON ESQ 1.00 X 0 0 0 DIANE GORDON 1.00 X 0 0 0 DANIEL DONAHUE 1.00 X 0 0 0 JOAN BARRY-HYDE 1.00 X 0 0 0 LAURIE J WATSON 1.00 X 0 0 0 EMILY STAVIS 1.00 X 0 0 0 HANNAH M MCCARTHY 37.50 X X X 303631 0 20418 JOYCE HANLON 37.50 X X X 162217 0 5598 JOSEPH CHILLO 37.50 X X 149616 0 4579 HANNAH LEVERTOV 37.50 X X 103513 0 14429 CLARE MCCULLY 37.50 X 123462 0 10018 842439 0 55042 6 0 1 0 ARAMARK CORPORATION 525 MONROE STREET CHICAGO IL 60661 FACILITY MANAGEMENT 1501572 SODEXO OPERATIONS LLC PO BOX 360170 PITTSBURG PA 15251 DINING SERVICES 1434865 B AND B LODGING HOUSES LLC 48 NORTH BEACON STREET ALLSTON MA 02134 STUDENT HOUSING 1064600 LONGWOOD SECURITY SERVICES 429 NEWBURY STREET BOSTON MA 02115 SECURITY 859816 ROYALL COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 STUDENT ENROLLMENT MANAGEMENT 369149 16 564342 564342 EDUCATIONAL & GENERAL 611710 25890053 25890053 AUXILIARY ENTERPRISES 611710 3959662 3959662 29849715 5591 5591 501907 168741 333166 333166 30752814 29849715 0 338757 10429159 10429159 897481 852607 44874 5840156 4454345 1385811 1411505 1102991 308514 37608 37608 72000 72000 2258032 1352290 905742 601030 597310 3720 199804 153041 46763 312102 156051 156051 2038481 2011699 26782 84841 82960 1881 36886 30742 6144 276871 263027 13844 890263 819852 70411 263246 263246 STUDENT FOOD/CATERING 1473372 1450228 23144 RENTAL AND MAINTENANCE 497299 475615 21684 STUDENT HEALTH INSURANC 370797 370797 MISCELLANEOUS 268105 115532 152573 1271389 1084271 187118 29530427 25802517 3727910 0 1409862 1787630 2326435 2804642 360000 0 2065178 1775998 895957 932992 29059692 14684138 14348545 14375554 858339 884079 22264316 22560895 1555968 1620528 377882 458287 8435000 7790000 663934 615803 1568265 1124302 12601049 11608920 X 7688793 8934874 374474 417101 1600000 1600000 9663267 10951975 22264316 22560895 1222387 301963 -235642 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1600000 1600000 1600000 1600000 1600000 1600000 1666383 66383 1600000 1615829 50554 1666383 1.00000 0 0 2063000 2063000 15926627 5561598 10365029 11013215 9122540 1890675 56850 56850 14375554 DOE NOTE PAYABLE 1007156 INTEREST RATE SWAP LIABILITY 117146 1124302 X 20625618 301963 301963 20323655 10429159 10429159 30752814 19101268 0 19101268 10429159 10429159 29530427 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN FROM SWAP ARRANGEMENT PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID FIN 48 FOOTNOTE NEWBURY COLLEGE, INC. HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE COLLEGE HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS MORE THAN LIKELY NOT SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. 1 1 1 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 NEWBURY COLLEGE, A NON-PROFIT ORGANIZATION EXEMPT FROM STATE AND FEDERAL TAXES, ADMITS STUDENTS OF ANY AGE, RACE, COLOR, SEXUAL ORIENTATION AND NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE COLLEGE. IT DOES NOT DISCRIMINATE ON THE BASIS OF AGE, RACE, COLOR SEX, SEXUAL ORIENTATION, RELIGION OR CREED, NATIONAL OR ETHNIC ORIGIN, OR NON DISQUALIFYING HANDICAP IN THE ADMINISTRATION AND LOAN PROGRAMS, ATHLETIC AND OTHER COLLEGE ADMINISTERED PROGRAMS, AND IN ITS EMPLOYMENT POLICIES. ANY INQUIRES OR GRIEVANCES CONCERNING THESE REGULATIONS MAY BE DIRECTED TO THE VICE PRESIDENT OF FINANCE, NEWBURY COLLEGE, 129 FISHER AVE BROOKLINE, MA 02445, (617) 730-7036 AND/OR DIRECTOR OF THE OFFICE OF CIVIL RIGHTS, US DEPARTMENT OF EDUCATION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL AID FUNDS ARE AWARDED ANNUALLY BY THE US DEPARTMENT OF EDUCATION UNDER EQUITY NUMBER 10424528841. AWARDS INCLUDE FUNDING GRANTS FOR PELL, PERKINS, SEOG, AND CWSP PROGRAMS. THE COLLEGE HAS A DETAILED LIST OF CRITERIA FOR STUDENTS COLLECTING FINANCIAL AID. AUCTION 358158 358158 108505 GOLF TOURNAMENT 110749 110749 60236 468907 468907 168741 168741 300166 1 FINANCIAL AID 864 10429159 THE COLLEGE FIRST INSPECTS CHARGES TO ENSURE THAT THEY ARE APPROPRIATE AND ALLOWABLE. THIS INCLUDES CHECKING CLERICAL ACCURACY AND CHECKING COMPLIANCE WITH APPLICABLE AGENCY AND FEDERAL GUIDELINES. THE COLLEGE ALSO MAKES SURE THAT EXPENSE FALLS WITHIN THE REQUIRED CATEGORIES AND BUDGET AMOUNTS. THE COLLEGE SETS UP A SEPARATE GENERAL LEDGER ACCOUNT FOR EACH GRANT THAT IS RECEIVED IN ORDER TO PROVIDE COMPLETE DOCUMENTATION AND TRACK EXPENSES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 HANNAH M MCCARTHY 243323 0 15000 0 45308 0 7081 0 13337 0 324049 0 0 0 JOYCE HANLON 152217 0 10000 0 0 0 4566 0 1032 0 167815 0 0 0 JOSEPH CHILLO 144616 0 5000 0 0 0 4339 0 240 0 154195 0 0 0 HANNAH LEVERTOV A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RP66 2009-10-01 10250000 SEE SCHEDULE O 0 0 0 A 10064494 185506 9950000 114494 1996 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 0 0 A 0 X CATERING SERVICES 1 18000 FAIR MARKET VALUE OF SERVICES X ADVERTISING SERVICES 1 12000 FAIR MARKET VALUE OF SERVICES X CLOTHING & ACCESSORIES 1 10000 FAIR MARKET VALUE OF ITEMS X CATERING, EQUIPMENT & SUPPLIES 2 13000 FAIR MARKET VALUE OF SERVICES 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS WILL REVIEW THE 990 FOR ACCURACY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT NEWBURY IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD SHALL REVIEW AND APPROVE THE COMPENSATION POLICIES AND PROGRAMS OF PRINCIPAL ADMINISTRATORS. THE POLICY OF THE COLLEGE IS TO PROVIDE DIRECT COMPENSATION PROGRAMS THAT REFLECT THE RELATIVE SIZE AND TYPE OF EDUCATION CURRICULUM OF THE COLLEGE IN THE SEGMENT OF HIGHER EDUCATION INSTITUTIONS OF WHICH IT IS A PART AND WHICH ACCOMPLISH THE COLLEGE'S MISSION AND TAX-EXEMPT PURPOSE WITHOUT CAUSING ANY PART OF THE COLLEGE'S NET EARNINGS TO ENSURE TO THE PRIVATE BENEFIT OF AN INDIVIDUAL OR GROUP OF INDIVIDUALS. THE COMMITTEE WILL ACCOMPLISH THIS POLICY IN THE FOLLOWING MANNER: - DETERMINE THE RELEVANT MARKET DATA FOR THE PRINCIPAL ADMINISTRATOR POSITION IT REVIEWS BY OBTAINING RELIABLE AND COMPARABLE DATA FROM PUBLISHED SURVEYS OF BOTH TAX-EXEMPT AND FOR-PROFIT ORGANIZATIONS FOCUSING ON DATA FROM COMPARABLY ORGANIZED INSTITUTIONS WITH SIMILARLY SIZED BUDGETS. - SET BASE SALARY BY CONSIDERING BOTH MARKET DATA AND EACH INDIVIDUAL'S BACKGROUND EXPERIENCES, SKILLS, AND MERITORIOUS CONTRIBUTION. - SET SALARY INCREASE REASSESSMENTS BASED ON EXTERNAL EQUITY, INTERNAL EQUITY, AND/OR MERIT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVALIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE HIRING OF AN INDEPENDENT ACCOUNTANT. SCHEDULE K, PART I, LINE A, BOX F THE PURPOSE OF THE ISSUANCE WAS TO PAY CERTAIN COSTS OF ISSUANCE OF THE 2009 BOND AND REFINANCE THE SERIES 1996 BOND. THE PROCEEDS OF THE 1996 BOND WERE USED FOR THE FOLLOWING: ACQUISITION OF BUCKMINSTER HALL AND HOLLAND HALL, COSTS OF CONSTRUCTION AND IMPROVEMENTS FOR BUILDINGS ON CAMPUS AND PURCHASE OF EQUIPMENT AND FURNITURE FOR CAMPUS BUILDINGS.