2013-05-02T08:06:20-05:00 2012-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-07-01 042103585 LASELL COLLEGE LASE 6172432100 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 MICHAEL J HOYLE PH D 6172432100 2013-03-26 1 JOSEPH M GISO P00030126 6177610600 2011 2016-02-25 16:41:14Z MICHAEL B ALEXANDER 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 69979667 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. 27 26 978 244 0 0 3223601 2134333 60202723 61879010 1759909 1254448 107040 90667 65293273 65358458 18817134 19335301 0 0 21829063 22591274 72640 5622 1502087 19888001 22788445 60606838 64720642 4686435 637816 117598183 120455433 67675982 74637141 49922201 45818292 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 55699243 19335301 59753146 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 2011-2012 SCHOOL YEAR: FALL 2011 SEMESTER: UNDERGRADUATE 1507 FULL-TIME, 16 PART-TIME; GRADUATE 54 FULL-TIME, 161 PART-TIME. SPRING 2012 SEMESTER: UNDERGRADUATE 1440 FULL-TIME, 25 PART-TIME; GRADUATE 58 FULL-TIME, 178 PART-TIME.SUMMER 2011 TERM 2: GRADUATE 102 PART-TIME.SUMMER 2012 TERM 1: UNDERGRADUATE 89 PART-TIME; GRADUATE 2 FULL-TIME, 152 PART-TIME.OUR UNDERGRADUATE STUDENTS REPRESENT 27 STATES AND 20 FOREIGN COUNTRIES AND OUR GRADUATE STUDENTS REPRESENT 22 STATES AND 16 FOREIGN COUNTRIES. OUR STUDENTS REPRESENT 26 STATES AND 15 FOREIGN COUNTRIES. 1065524 1953068 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. 36208 172796 PROVIDED FACILITIES FOR OTHER EDUCATIONAL ORGANIZATIONS TO CONDUCT EDUCATIONAL PROGRAMS AND TO PROVIDE HOUSING TO STUDENTS. 56800975 1 1 0 1 0 0 0 0 0 1 1 0 1 1 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 1 0 0 0 1 0 0 0 0 1 118 0 1 978 1 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X MICHAEL J HOYLE PH D VP FOR BU 6172432100 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 ERIC M TURNER 1.00 X X 0 0 0 RICHARD K BLANKSTEIN 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 ERIK J STAPPER 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 ROSEMARY FUSS 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 DAVID MCINNIS 1.00 X 0 0 0 MARK MENDELL 1.00 X 0 0 0 SUSAN MORAN 1.00 X 0 0 0 ELLEN OFFNER 1.00 X 0 0 0 ELISSE ALLINSON SHARE 1.00 X 0 0 0 DOUG SHARP 1.00 X 0 0 0 ADELAIDE SHAFFER VAN WINKLE 1.00 X 0 0 0 KATHRYN WEST 1.00 X 0 0 0 JUDITH B WITTENBERG 1.00 X 0 0 0 MICHAEL B ALEXANDER 40.00 X 321021 0 37937 DR MICHAEL J HOYLE 40.00 X 193395 0 23014 PAMELA FARIA 40.00 X 101598 0 17349 DR KATHLEEN M O'CONNOR 40.00 X 197294 0 21831 DR PAULA D PANCHUCK 40.00 X 185184 0 25548 DR JAMES M OSTROW 40.00 X 174000 0 30892 RUTH S SHUMAN 40.00 X 140611 0 20589 DIANE M AUSTIN 40.00 X 132187 0 19399 1445290 0 196559 16 0 1 0 METRIC CONSTRUCTION CORP 55 HENSHAW ST BOSTON MA 02135 CONSTRUCTION SERVICES 7736782 SODEXO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD/HOUSEKEEPING SERVICES 3555355 PCS LINK INC 1936 EAST DEERE AVE SANTA ANA CA 92705 CONSULTING SERVICES 748987 COMMODORE BUILDERS 80 BRIDGE ST NEWTON MA 02458 CONSTRUCTION SERVICES 733968 METRO WEST CONTRACTING CORP 6 BEAUMONTS POND DRIVE FOXBORO MA 02035 CONSTRUCTION SERVICES 450462 11 538794 1595539 109975 2134333 TUITION & FEES 611310 43210668 43210668 ROOM & BOARD 611310 14346880 14346880 MGMT FEE/RENT FROM TAX 561499 1953068 1953068 CONNECTED LEARNING/ED. 611710 1549038 1549038 OTHER PROGRAM SERVICE 611710 819356 438090 381266 61879010 668071 668071 61644 35323 26321 26321 26321 5163288 4576911 586377 586377 586377 26599 8780 17819 17819 3900 195 3705 3705 MISCELLANEOUS INCOME 900099 21902 21902 ALUMNI EVENTS 900099 20920 20920 42822 65358458 61544271 0 1679854 19335301 19335301 749704 666004 83700 17951591 13528552 3588938 834101 772535 583291 139757 49487 1800788 1230802 501039 68947 1316656 996370 257763 62523 101506 101506 113302 113302 54000 54000 5622 5622 112424 112424 2035460 1787645 228715 19100 321038 305767 15271 1824939 1141931 553259 129749 673934 125691 536460 11783 4354422 195500 4158922 839134 684494 121069 33571 83079 51839 29435 1805 2856305 2819101 37204 3692737 3264538 380245 47954 262554 15984 246570 CAFETERIA FOOD SERVICE 2363300 2363300 LOSS ON DISPOSAL OF PRO 818921 818921 ANNUITY PAYMENTS 327983 327983 ALLOCATION OF OPERATION 0 6580194 -6637546 57352 1953407 1790675 66339 96393 64720642 56800975 6417580 1502087 14455 878 4888151 9458544 2687780 2345490 466536 273488 661 535049 324655 105981468 33679978 65059086 72301490 37419288 29458582 2574520 2572660 471390 413907 3481928 3305078 117598183 120455433 4032410 6375376 3713992 4958918 54268244 53971155 5661336 9331692 67675982 74637141 X 37208622 33473398 5264620 4667140 7448959 7677754 49922201 45818292 117598183 120455433 X 637816 -4741725 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 54000 54000 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. 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 0.62810 0.29200 0.07990 0 0 1235118 1235118 78096627 24390550 53706077 8248709 6423343 1825366 1598733 16802281 2866085 15534929 72301490 NEW YORK CO. LIFE INSURANCE POLICY 41646 F SEI - OFFSHORE OPPORTUNITY FUND 989657 F SEI - SPECIAL SITUATIONS FUND 1469657 F ART WORK INVESTMENTS 71700 F 2572660 BENEFICIAL INTERESTS IN TRUSTS 2321870 DEBT ISSUANCE COSTS, NET 983208 3305078 FAIR MARKET VALUE INTEREST RATE SWAPS 7689818 REFUNDABLE ADVANCES - PERKINS LOAN PROGRAM 334550 CONDITIONAL ASSET RETIREMENT OBLIGATION 71500 ANNUITY OBLIGATIONS 1235824 9331692 65358458 64720642 637816 -932508 -3809217 -4741725 -4103909 40423579 -932508 -3773894 -4706402 45129981 112424 20116053 20228477 65358458 44527488 35323 35323 44492165 112424 20116053 20228477 64720642 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: 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 AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES 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 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -3,829,232. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 159,678. CHANGE IN VALUE OF BENEFICIAL INTERESTS -139,663. TOTAL TO SCHEDULE D, PART XI, LINE 8: -3,809,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -3,829,232. RENTAL EXPENSES INCLUDED ON PART VIII, LINE 4B 35,323. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 159,678. CHANGE IN VALUE OF BENEFICIAL INTERESTS -139,663. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,926,026. AUXILIARY ENTERPRISE DISCOUNTS 26,873. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 818,921. OTHER EXPENSE 16,250. ANNUITY PAYMENTS 327,983. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED ON PART VIII, LINE 4B 35,323. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,926,026. AUXILIARY ENTERPRISE DISCOUNTS 26,873. ANNUITY PAYMENTS 327,983. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 818,921. OTHER EXPENSE 16,250. 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. GOLF TOURNAMENT 5110 5110 3456 182 1 21489 21489 5142 26599 26599 3456 5324 8780 17819 1 SEOG GRANTS 73 108802 MASSACHUSETTS GILBERT GRANTS 140 273600 LASELL SCHOLARSHIPS AND OTHER FINANCIAL AID AWARDS 1529 18730813 SCHOLARSHIPS FROM RESTRICTED GIFTS 5 20000 LASELL SIBLING DISCOUNTS 29 41448 LASELL TUITION EXCHANGE DISCOUNTS 7 143300 LASELL STUDY GROUP DISCOUNTS 4 17338 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 0 0 0 0 0 0 0 1 0 MICHAEL B ALEXANDER 296229 0 15000 0 9792 0 18375 0 19562 0 358958 0 0 0 DR MICHAEL J HOYLE 173215 0 20000 0 180 0 13250 0 9764 0 216409 0 0 0 DR KATHLEEN M O'CONNOR 186778 0 10000 0 516 0 14197 0 7634 0 219125 0 0 0 DR PAULA D PANCHUCK 159392 0 25000 0 792 0 12488 0 13060 0 210732 0 0 0 DR JAMES M OSTROW 163484 0 10000 0 516 0 12835 0 18057 0 204892 0 0 0 RUTH S SHUMAN 135095 0 5000 0 516 0 10505 0 10084 0 161200 0 0 0 DIANE M AUSTIN 126395 0 5000 0 792 0 9815 0 9584 0 151586 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. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RZC2 2008-08-07 14665000 CONSTRUCTION OF RESIDENCE HALL & EXISTING PROJECTS 0 0 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGS8 2006-09-28 6400000 ADVANCE REFUND OF PRIOR ISSUE 0 0 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RGS8 2006-09-28 12070000 CONSTRUCTION OF RESIDENCE HALL & EXISTING PROJECTS 0 0 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583UCZ9 2011-05-25 24589453 REFUND PRIOR ISSUE AND NEW CONSTRUCTION 0 0 0 3340000 14732917 661923 248753 69657 13752884 2009 0 0 1 1 175000 6400000 123645 17921 53884 6204550 2007 0 1 1 1 280000 12292016 330000 281019 33798 8592712 3054487 2007 1 0 1 1 24589684 1959213 807400 382372 8230991 10417228 2792480 2012 1 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 RBS CITIZENS 29.000000000000 0 0 0 0 0 0 1 1 RBS CITIZENS 20.000000000000 0 0 0 0 0 0 1 1 RBS CITIZENS 30.000000000000 0 0 0 0 0 0 0 0 0 0 0 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 $231. MAGUIRE ASSOCIATES INC ENTITY OWNED BY JOHN MAGUIRE, TRUSTEE 120000 CONSULTING AGREEMENT 0 X 1 71700 FAIR MARKET VALUE X 12 38275 FAIR MARKET VALUE 0 1 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. DESCRIPTION OF ARRANGEMENT: PART I, LINE 30B: LASELL COLLEGE RECEIVED A DONATION OF ARTWORK THAT IT IS CURRENTLY HOLDING AS AN INVESTMENT. 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -932,508. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -3,829,232. CHANGE IN ACTUARIAL VALUE OF ANNUITY LIABILITIES 159,678. CHANGE IN VALUE OF BENEFICIAL INTERESTS -139,663. TOTAL TO FORM 990, PART XI, LINE 5: -4,741,725. DOES THE ENTITY HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT? FORM 990, PAGE 11, PART XII: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED FROM THE PRIOR YEAR. 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 CRAT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 911900462 INVESTMENTS MA N/A T 22334 1.00000 CRUT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 046860762 INVESTMENTS MA N/A T 167649 1.00000 CRAT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 256613392 INVESTMENTS MA N/A T 61863 1.00000 CRAT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 256638195 INVESTMENTS MA N/A T 71911 1.00000 CRUT -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA N/A T 168667 1.00000 CRUT -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA N/A T 282618 1.00000 TRUST -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA N/A T 536828 1.00000 TRUST -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA N/A T 854011 1.00000 TRUST -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA N/A T 303035 0.50000 CRUT -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA N/A T 153730 0.50000 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 LASELL VILLAGE INC I 207509 BOOK AMOUNT LASELL VILLAGE INC K 1554936 BOOK AMOUNT LASELL VILLAGE INC N 192292 BOOK AMOUNT