2013-01-11T13:44:30-07:00 2012-05-31 990 2011-06-01 042105776 ASSUMPTION COLLEGE ASSU 5087677533 500 Salisbury Street Worcester MA 016091296 Christian McCarthy 5087677424 2013-01-11 2011 2016-03-07 17:11:31Z Francesco Cesareo 500 Salisbury Str Worcester MA 01609 103320135 0 X www.assumption.edu X 1904 MA Education 32 31 1667 150 0 0 8601099 7672424 89016225 92917313 1467672 1407962 2114737 1322436 101199733 103320135 35209438 37335199 0 0 39178025 37158178 10200 5265 433181 27124329 27100411 101521992 101599053 -322259 1721082 193833861 186472925 58312343 54046937 135521518 132425988 Education 0 0 94818669 37335199 103320135 Higher Education 0 0 0 94818669 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 223 0 1 1667 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X Christian McCarthy 5087677350 500 Salisbury Street Worcester MA 016091296 Michael Tsotsis 2 X 0 0 0 Rev Salvator Musande AA 2 X 0 0 0 Laure C Aubuchon 2 X 0 0 0 John Barnosky 2 X 0 0 0 Frederick Bayon DMD 2 X X 0 0 0 Sister Therese Duross 2 X 0 0 0 Janice Fuller 2 X 0 0 0 Stephen Granger 2 X 0 0 0 Robert Gray 2 X 0 0 0 Rev Claude Grenache AA 2 X 0 0 0 Rev Roland Guillmain AA 2 X 0 0 0 Robert Longden 2 X 0 0 0 Thomas Manning 2 X 0 0 0 Christine Cannon Marcks 2 X 0 0 0 Edward McCaffrey 2 X 0 0 0 Michael Sullivan 2 X 0 0 0 Stephen O'Brien 2 X 0 0 0 James O'Connor 2 X 0 0 0 Ralph Pearson 2 X 0 0 0 Very Rev Marcel Poirier AA 2 X 0 0 0 Rev Peter Precourt AA 2 X 0 0 0 Candace A Race 2 X 0 0 0 Roselly Ramseyer Torres 2 X 0 0 0 Sister Clare Teresa Tjader 2 X 0 0 0 Carolyn Clancy 2 X 0 0 0 Rev Paul Vaudreuil AA 2 X 0 0 0 Francesco Cesareo 40 X X X X 277795 0 74896 Francis Bedard 2 X 0 0 0 Jasmina Boulanger 2 X 0 0 0 Very Rev Miguel Diaz Ayllon AA 2 X 0 0 0 Catherine Browne Harrison 2 X 0 0 0 Bro Paul Henry AA 2 X 0 0 0 Very Rev Richard Lamoureaux AA 2 X 0 0 0 Harris L MacNeill 2 X 0 0 0 Joseph Spillane 2 X 0 0 0 Christian McCarthy 40 X X 202462 0 37956 Catherine WoodBrooks 40 X 144249 0 21207 Evan Lipp 40 X 132816 0 17619 Thomas Ryan 40 X 182879 0 35761 Janet Lambert 40 X 63339 0 20449 Francis Lazarus 40 X X X 209375 0 35978 Timothy Stanton 40 X 0 0 0 Jerome Barilla 40 X 270446 0 7664 Leonard Sorenson 40 X 244073 0 11854 Carol Harvey 40 X 238199 0 12721 Thomas Begley 40 X 213340 0 7310 Jeffrey Hunter 40 X 206088 0 4267 2385061 0 287682 40 0 1 1 Pricewater House Coopers 300 Madison Avenue New York NY 10017 audit service 163250 Fallon Community Health Plan 10 Chestnut Street Worcester MA 01606 health service plan 3539573 United Healthcare 2361 W Plano Pkwy Plano TX 75075 health care enrollment 162784 3 0 0 0 0 6551809 1120615 0 7672424 Tuition 611310 73492105 73492105 0 0 Room 611310 12679150 12679150 0 0 Board 611310 4531745 4531745 0 0 Campus Store 611310 2214313 2214313 0 0 0 0 0 0 92917313 1407962 1407962 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Misc Revenue 611310 1322436 1322436 0 0 0 0 0 0 1322436 103320135 95647711 0 0 0 0 37335199 37335199 0 0 0 0 1517059 1359729 134479 22851 0 0 0 0 28150986 25090387 2815049 245550 1591703 1432532 147038 12133 4013776 3574479 397164 42133 1884654 1696188 170037 18429 7282155 6633939 648216 0 178055 160249 17806 0 193040 173736 19304 0 0 0 0 0 5265 5265 673041 605737 67304 0 1170504 976540 158504 35460 3368379 2926454 419172 22753 3578889 3221000 346600 11289 0 0 0 0 3731489 3358340 373149 0 463045 416740 38502 7803 0 0 0 0 436974 393276 40413 3285 0 0 0 0 0 0 0 0 3235952 2912357 323595 0 751359 676223 75136 0 loan fund 86085 86085 0 0 Annuity and life & restricted fund 589827 583597 0 6230 Plant fund 904252 813827 90425 0 Endowment fund 457365 392055 65310 0 101599053 94818669 6347203 433181 22641145 18959694 257865 256591 1907818 1444653 617189 548373 0 0 0 0 3495474 3334787 373410 316293 1051353 1071718 129851686 52050419 75391501 77801267 87302215 82258707 795891 480842 193833861 186472925 9276083 5751078 2105223 2127165 39987615 39158300 945393 863973 5998029 6146421 58312343 54046937 X 106252415 104978182 10800297 8106707 18468806 19341099 135521518 132425988 193833861 186472925 X 1721082 -4816612 X 0 1 1 X 1 1 X 82713341 3262835 -4654081 2162817 0 0 79159278 70241537 1918676 12514389 1719499 241762 0 82713341 62729684 1638267 7566793 1549722 143485 0 70241537 75196071 3550591 -13835413 2017474 164091 0 62729684 0.64 0.36 0 0 0 0 7918220 7918220 0 106025475 48931317 57094158 0 0 0 0 0 14857651 3119102 11738549 0 1050340 0 1050340 77801267 0 Obligations under split interest agreements 719677 Asset retirement obligations 134482 Liability under interest rate swap agreements 2338263 Refundable government student loans 2953999 6146421 103320135 101599053 1721082 0 0 0 0 0 0 1721082 103320135 0 0 0 0 0 103320135 0 0 0 103320135 101599053 0 0 0 0 0 101599053 0 0 0 101599053 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Financial assistance 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Notice of non discrimination policy is mailed to each student. In addition notices are posted on Campus bullentin boards. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College is awarded federally funded aid to disburse to qualified students 1 MA and other State Assistance 1851 3223267 0 Pell 402 1805815 0 Federal Work Study 508 431533 0 FSEOG 154 222465 0 Institutional Aid 2985 30707521 0 Endowment Scholarships 1425 804683 0 Restricted Scholarships 130 139915 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The College's Financial Aid Office follows all regulations when awarding grants and scholarships. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Francesco Cesareo 277795 0 0 0 0 0 26768 0 52887 0 357450 0 0 0 Christian McCarthy 202462 0 0 0 0 0 15998 0 21057 0 239517 0 0 0 Francis Lazarus 209375 0 0 0 0 0 20675 0 14402 0 244452 0 0 0 Catherine WoodBrooks 144249 0 0 0 0 0 12981 0 7325 0 164555 0 0 0 Evan Lipp 132816 0 0 0 0 0 15979 0 739 0 149534 0 0 Thomas Ryan 182879 0 0 0 0 0 16866 0 17995 0 217740 0 0 0 Janet Lambert 63338 0 0 0 0 0 6733 0 13546 0 83617 0 0 0 Jerome Barilla 50865 0 0 0 219580 0 7179 0 110 0 277734 0 0 Timothy Stanton 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Leonard Sorenson 60908 0 0 0 183164 0 6164 0 5689 0 255925 0 0 0 Carol Harvey 59587 0 0 0 178612 0 7033 0 5687 0 250919 0 0 0 Thomas Begley 53499 0 0 0 159840 0 4988 0 2323 0 220650 0 0 0 Jeffrey Hunter 57748 0 0 0 148340 0 4185 0 82 0 210355 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a President lives in an on campus house. The President and Treasurer both have memberships to the Worcester Club. The President also has a social membership to the Worcester Country Club. The Director of Athletics has a membership to Central MA Golf Management LLC. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 The College entered into a one time voluntary early retirement program for full time employees in 2011. Early retirement program payments made to employees reported in Schedule J are shown as (iii) other reportable compensation in the section (B) breakdown of W-2 and/or 1099 Misc. compensation. Massachusetts Development Finance Agency 043431814 NONExxxxx 2012-05-01 28610000 Refunding 2002 Issue 0 0 0 0 0 28610000 0 0 0 297863 0 0 0 67137 0 2002 1 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 X Robert Longden Trustee 39040 Legal services 0 Timothy Gray son of trustee 9990 Consulting 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A draft form of the Form 990 was mailed to each member of the Board of Trustees prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c At the beginning of each summer, the Secretary of the Board mails to all College Trustees and Officiers a questionnaire asking them to disclose any related party transactions with the College. A total of seven questions are asked. The questionnaire contains a brief description of what a related party transaction is. A memorandum also accompanies the questionnaire.The memorandum explains the necessity of completing the related party questionnaire, and emphasizes the fact that the College expects a 100% response. In addition, to the questionnaire and memorandum, the trustees and officiers also receive a two page instructional document which explains in simple terms what a conflict of interest is and why full disclosure of a real or perceived conflict of interest is important. This document also includes a number of recommendations on the subject put forth by the Massachusetts Attorney General. Once completed, the questionnaires are returned to the Secretary of the Board who monitors the responses and follows up with those trustees and officers who are tardy in completing and returning their questionnaire. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 A compensation committee made up of three College Trustees ( the Chair, Vice Chair and Chair of the Finance committee) establishes the compensation of the President of the College on an annnual basis. The Compensation Committee uses comparable data which is published annually in the Chronicle of Higher Education. Other Officers and key employees are normally reviewed by the President of the College who makes adjustments in their salary based on performance factors and also based on the Chronicle of Higher Education. The compensation of the Vice Presidents is reviewed by the Compensaton Committee annually. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 For interested third parties, all of the College's governing documents are available on request from the Secretary at Assumption College, 500 Salisbury St. Worcester, MA 01609. For all employees of the College all of the policies and procedures including the whistle blower policy, conflict of interest policy and others are available via our internal on-line portal system. F990_P11_S00_L05 Form 990, Part XI, Line 5 Nonoperating revenue and expenses extension was filed and accepted by IRS