WENTWORTH INSTITUTE OF TECHNOLOGY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WENTWORTH INSTITUTE OF TECHNOLOGY (EIN 04-1958460)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201311359349304051
- Schema version
- 2011v1.5
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-15T11:22:32-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263753134 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ TOFIAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 BOYLSTON STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041958460 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WENTWORTH INSTITUTE OF TECHNOLOGY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WENT | NameControl |
| Phone | 6179894325 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 HUNTINGTON AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 021155998 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT L TOTINO | Name |
| Title | VICE PRESIDENT FOR FINANCE | Title |
| Phone | 6179894325 | Phone |
| Date Signed | 2013-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CRAIG KLEIN | Name |
| PTIN | P00734640 | PTIN |
| Phone | 6177610600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ZORICA PANTIC | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 HUNTINGTON AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 021155998 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 158088509 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WIT.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1904 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | POST SECONDARY EDUCATIONAL SERVICES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2608 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | -59983 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -59983 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2385787 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2771299 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 104961318 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 113205874 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5072098 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3684371 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1141815 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1159652 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 113561018 | TotalRevenuePriorYear |
| Total Revenue Current Year | 120821196 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 21233559 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 27576400 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 46647757 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 49097056 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2751244 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 38738387 | OtherExpensePriorYear |
| Other Expenses Current Year | 38561131 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 106619703 | TotalExpensesPriorYear |
| Total Expenses Current Year | 115234587 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6941315 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5586609 | RevenuesLessExpensesCY |
| Total Assets BOY | 271111862 | TotalAssetsBOY |
| Total Assets EOY | 274151210 | TotalAssetsEOY |
| Total Liabilities BOY | 124858077 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 133864751 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 146253785 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 140286459 | NetAssetsOrFundBalancesEOY |
| Mission Description | POST SECONDARY EDUCATIONAL SERVICES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 97530980 | Expense |
| Grants | 27576400 | Grants |
| Revenue | 113393174 | Revenue |
| Description | WENTWORTH INSTITUTE OF TECHNOLOGY IS A NATIONALLY RECOGNIZED PRIVATE CO-EDUCATIONAL AND RESIDENTIAL INSTITUTE OF HIGHER EDUCATION THAT OFFERS MASTERS DEGREE, COOPERATIVE BACCALAUREATE DEGREE, ASSOCIATE DEGREE, AND CERTIFICATE PROGRAMS IN THE DISCIPLINES OF SCIENCE, ARCHITECTURE, DESIGN, ENGINEERING, MANAGEMENT AND TECHNOLOGY. THE INSTITUTE WAS FOUNDED IN 1904 AND OPENED ITS DOORS IN 1911. EDUCATION SERVICES WERE PROVIDED FOR APPROXIMATELY 4,000 DAY, EVENING AND WEEKEND STUDENTS. | Description |
| Total Program Service Expense | 97530980 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | 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 | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | 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 | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 130 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2608 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | GM | NameOfForeignCountry |
| Name Of Foreign Country | FR | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | 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 | 0 | 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 |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SARA LAWARE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6179894477 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 HUNTINGTON AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 021155998 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ZORICA PANTIC | |||||||
| PRESIDENT | 40.00 | X | X | 407473 | 0 | 64129 | |
| MICHAEL T ANTHONY | |||||||
| CHAIRMAN | 7.00 | X | X | 0 | 0 | 0 | |
| P MICHAEL MASTERSON | |||||||
| VICE CHAIRMAN | 7.00 | X | X | 0 | 0 | 0 | |
| NEIL MOSES | |||||||
| TREASURER | 7.00 | X | X | 0 | 0 | 0 | |
| CHRISTINE KEVILLE | |||||||
| SECRETARY | 7.00 | X | X | 0 | 0 | 0 | |
| JOHN W BLAISDELL | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| EDWARD A BOND JR | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| GEORGE W CHAMILLARD | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| ROSEMARIE A CONTI | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| MICHAEL CORBETT | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| DANIEL T FLATLEY | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| STEPHEN F FUSI | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| PHILLIP R HOOPER | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| RYAN E HUTCHINS | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| WAYNE C JOHNSON | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| JOHN D KELLEHER | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| DAVID W KRUGER | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| HOWARD V LEVINE | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| KEITH J PEDEN | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| DONALD E POGORZELSKI | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| SLYVIA T PRICE | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| KENNETH D ROBERTS | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| RICHARD D SHERIDAN SR | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| CAROLE C WEDGE | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| MICHELE A WHITHAM | |||||||
| TRUSTEE | 7.00 | X | 0 | 0 | 0 | ||
| ROBERT L TOTINO | |||||||
| VP FINANCE | 40.00 | X | 185691 | 0 | 44079 | ||
| RUSSELL PINIZZOTTO | |||||||
| VP ACADEMIC & PROVOST | 40.00 | X | 242365 | 0 | 44194 | ||
| BRENDA CROSS-SANCHEZ | |||||||
| VP INSTITUTIONAL ADVANCEMENT | 40.00 | X | 206320 | 0 | 27800 | ||
| KEIKO BROOMHEAD | |||||||
| VP ENROLLMENT | 40.00 | X | 171064 | 0 | 6214 | ||
| DAVID WAHLSTROM | |||||||
| VP BUSINESS | 40.00 | X | 181784 | 0 | 40544 | ||
| ANNE GILL | |||||||
| VP HUMAN RESOURCES | 40.00 | X | 155869 | 0 | 17294 | ||
| GLEN WIGGINS | |||||||
| DEAN | 40.00 | 185779 | 0 | 39026 | X | ||
| MICHAEL KUPFERMAN | |||||||
| DEPARTMENT CHAIR | 40.00 | 178198 | 0 | 43004 | X | ||
| FREDERICK DRISCOLL | |||||||
| DEAN | 40.00 | 162813 | 0 | 16263 | X | ||
| MARK HASSO | |||||||
| PROFESSOR | 40.00 | 153693 | 0 | 23486 | X | ||
| PATRICK HAFFORD | |||||||
| DEAN | 40.00 | 145231 | 0 | 35711 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2376280 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 401744 | TotalOtherCompensation |
| Number Individuals GT100 K | 95 | 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 |
|---|---|---|---|---|---|
| SHAWMUT DESIGN & CONSTRUCTION | |||||
| 560 HARRISON AVE STE 200 | BOSTON | MA | 02118 | CONSTRUCTION | 13293602 |
| BOND BROTHERS | |||||
| 145 SPRING STREET | EVERETT | MA | 02149 | CONSTRUCTION | 12128110 |
| CHARTWELLS DINING SERVICES | |||||
| 3 INTERNATIONAL DRIVE | RYE BROOK | NY | 10573 | FOOD SERVICE CATERING | 3400779 |
| COLUMBIA CONSTRUCTION COMPANY | |||||
| 100 RIVERPARK DRIVE | NORTH READING | MA | 01864 | CONSTRUCTION | 2442105 |
| UGL SERVICES UNICCO OPERATIONS | |||||
| 275 GROVE STREET 3-200 | AUBURNDALE | MA | 02466 | JANITORIAL SERVICE | 1884955 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 61 | NumberOfContractorsGT100K |
| Fundraising Events | 45400 | FundraisingEvents |
| Government Grants | 715687 | GovernmentGrants |
| All Other Contributions | 2010212 | AllOtherContributions |
| Noncash Contributions | 78185 | NoncashContributions |
| Total Contributions | 2771299 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 90465700 | 90465700 |
| ROOM/BOARD & RELATED | 900099 | 22740174 | 22740174 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 113205874 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2244307 | TotalRevenueColumn |
| Unrelated Business Revenue | -59983 | UnrelatedBusinessRevenue |
| Exclusion | $2,304,290 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 931731 | 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 | 931731 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 931731 | TotalRevenueColumn |
| Exclusion | $931,731 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 38553633 | Securities |
| Other | 93615 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 36528935 | Securities |
| Other | 678249 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2024698 | Securities |
| Other | -584634 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1440064 | TotalRevenueColumn |
| Exclusion | $1,440,064 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 100750 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 45400 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 60129 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 40621 | TotalRevenueColumn |
| Exclusion | $40,621 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 187300 | TotalRevenueColumn |
| Related Or Exempt Function Income | 187300 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 187300 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 120821196 | TotalRevenueColumn |
| Related Or Exempt Function Income | 113393174 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -59983 | UnrelatedBusinessRevenue |
| Exclusion | $4,716,706 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27271450 | Total |
| Program Services | 27271450 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 304950 | Total |
| Program Services | 304950 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2004643 | Total |
| Program Services | 299452 | ProgramServices |
| Management And General | 1274030 | ManagementAndGeneral |
| Fundraising | 431161 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38117603 | Total |
| Program Services | 31165263 | ProgramServices |
| Management And General | 5888829 | ManagementAndGeneral |
| Fundraising | 1063511 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2854057 | Total |
| Program Services | 2238212 | ProgramServices |
| Management And General | 509523 | ManagementAndGeneral |
| Fundraising | 106322 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3235390 | Total |
| Program Services | 2537261 | ProgramServices |
| Management And General | 577601 | ManagementAndGeneral |
| Fundraising | 120528 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2885363 | Total |
| Program Services | 2262763 | ProgramServices |
| Management And General | 515112 | ManagementAndGeneral |
| Fundraising | 107488 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205984 | Total |
| Management And General | 205984 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269309 | Total |
| Management And General | 269309 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 267782 | Total |
| Management And General | 267782 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2732460 | Total |
| Program Services | 1950556 | ProgramServices |
| Management And General | 538072 | ManagementAndGeneral |
| Fundraising | 243832 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 916699 | Total |
| Program Services | 859931 | ProgramServices |
| Management And General | 53627 | ManagementAndGeneral |
| Fundraising | 3141 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2280685 | Total |
| Program Services | 934664 | ProgramServices |
| Management And General | 1115132 | ManagementAndGeneral |
| Fundraising | 230889 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132995 | Total |
| Program Services | 30620 | ProgramServices |
| Management And General | 102276 | ManagementAndGeneral |
| Fundraising | 99 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6660572 | Total |
| Program Services | 6354679 | ProgramServices |
| Management And General | 258816 | ManagementAndGeneral |
| Fundraising | 47077 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1432497 | Total |
| Program Services | 1292477 | ProgramServices |
| Management And General | 99243 | ManagementAndGeneral |
| Fundraising | 40777 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 446476 | Total |
| Program Services | 326400 | ProgramServices |
| Management And General | 104912 | ManagementAndGeneral |
| Fundraising | 15164 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1872830 | Total |
| Program Services | 1586351 | ProgramServices |
| Management And General | 286479 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11017108 | Total |
| Program Services | 10511136 | ProgramServices |
| Management And General | 428103 | ManagementAndGeneral |
| Fundraising | 77869 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 521082 | Total |
| Program Services | 13356 | ProgramServices |
| Management And General | 506721 | ManagementAndGeneral |
| Fundraising | 1005 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CAFETERIA SERVICES | 3489783 | 3362468 | 83165 | 44150 |
| REPAIRS/MAINTENANCE | 3191941 | 3045348 | 124032 | 22561 |
| BANK/CREDIT CARD FEES | 978873 | 95715 | 883158 | |
| MEMBERSHIPS | 562410 | 171657 | 389848 | 905 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1581645 | Total |
| Program Services | 916271 | ProgramServices |
| Management And General | 470609 | ManagementAndGeneral |
| Fundraising | 194765 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115234587 | Total |
| Program Services | 97530980 | ProgramServices |
| Management And General | 14952363 | ManagementAndGeneral |
| Fundraising | 2751244 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2106497 | BOY |
| EOY | 1343758 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31729174 | BOY |
| EOY | 22440539 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 320125 | BOY |
| EOY | 442652 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1351955 | BOY |
| EOY | 675267 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4013871 | BOY |
| EOY | 3923430 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1657579 | BOY |
| EOY | 1837708 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 267846068 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 109419800 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129247668 | BOY |
| EOY | 158426268 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9861943 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77477975 | BOY |
| EOY | 74417358 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 600607 | BOY |
| EOY | 572516 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12744468 | BOY |
| EOY | 10071714 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271111862 | BOY |
| EOY | 274151210 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6763234 | BOY |
| EOY | 11104385 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9237474 | BOY |
| EOY | 9935492 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87630000 | BOY |
| EOY | 85030000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21227369 | BOY |
| EOY | 27794874 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124858077 | BOY |
| EOY | 133864751 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114396648 | BOY |
| EOY | 116150702 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19610447 | BOY |
| EOY | 11381414 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12246690 | BOY |
| EOY | 12754343 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146253785 | BOY |
| EOY | 140286459 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271111862 | BOY |
| EOY | 274151210 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5586609 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -11553935 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 112483343 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 112483343 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 75041 | CurrentYearMinus3 |
| Current Year Minus2 | 22360 | CurrentYearMinus2 |
| Current Year Minus1 | 378 | CurrentYearMinus1 |
| Current Year | 0 | CurrentYear |
| Total | 97779 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 77477975 | BeginningOfYearBalance |
| Contributions | 885161 | Contributions |
| Investment Earnings Or Losses | -478107 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 579154 | GrantsOrScholarships |
| Other Expenditures | 2620735 | OtherExpenditures |
| Administrative Expenses | 267782 | AdministrativeExpenses |
| End Of Year Balance | 74417358 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 66796355 | BeginningOfYearBalance |
| Contributions | 656501 | Contributions |
| Investment Earnings Or Losses | 13629380 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 758587 | GrantsOrScholarships |
| Other Expenditures | 2616673 | OtherExpenditures |
| Administrative Expenses | 229001 | AdministrativeExpenses |
| End Of Year Balance | 77477975 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 66779877 | BeginningOfYearBalance |
| Contributions | 862282 | Contributions |
| Investment Earnings Or Losses | 3068650 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 516603 | GrantsOrScholarships |
| Other Expenditures | 3229797 | OtherExpenditures |
| Administrative Expenses | 168054 | AdministrativeExpenses |
| End Of Year Balance | 66796355 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 91070763 | BeginningOfYearBalance |
| Contributions | 1135645 | Contributions |
| Investment Earnings Or Losses | -20925860 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 627418 | GrantsOrScholarships |
| Other Expenditures | 3722862 | OtherExpenditures |
| Administrative Expenses | 150391 | AdministrativeExpenses |
| End Of Year Balance | 66779877 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.74880 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.16020 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09100 | TermEndowmentEOYBalance |
| 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 | 13925545 | OtherCostOrOtherBasis |
| Book Value | 13925545 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 181860187 | OtherCostOrOtherBasis |
| Depreciation | 79300742 | Depreciation |
| Book Value | 102559445 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 33623479 | OtherCostOrOtherBasis |
| Depreciation | 25574683 | Depreciation |
| Book Value | 8048796 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 38436857 | OtherCostOrOtherBasis |
| Depreciation | 4544375 | Depreciation |
| Book Value | 33892482 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 158426268 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CASH EQUIVALENTS | 189217 | F |
| MUTUAL FUNDS - EQUITIES | 38980197 | F |
| MUTUAL FUNDS - FIXED INCOME | 11692684 | F |
| LIMITED PARTNERSHIPS - OTHER | 20324275 | F |
| HEDGED FUNDS | 3230985 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 74417358 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CHARITABLE ANNUITY OBLIGATIONS | $4,785,970 |
| INTEREST RATE SWAP OBLIGATIONS | $15,162,842 |
| ASSET RETIREMENT OBLIGATIONS | $1,875,143 |
| POST-RETIREMENT OBLIGATIONS | $2,467,416 |
| PERKINS AND OTHER GOVERNMENT OBLIGATIONS | $3,503,503 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 27794874 | TotalOfAmounts |
| Total Revenue | 120821196 | TotalRevenue |
| Total Expenses | 115234587 | TotalExpenses |
| Excess Or Deficit For Year | 5586609 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4290983 | NetUnrealizedGLOnInvestments |
| Other | -$7,262,952 | OtherAmount |
| Total Adjustments | -11553935 | TotalAdjustments |
| Excess Or Deficit Per FS | -5967326 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 82067842 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4290983 | NetUnrealizedGainsInvestments |
| Other Revenues | -7202823 | OtherRevenues |
| Revenue Not Rptd F990 | -11493806 | RevenueNotRptdF990 |
| Revenue Subtotal | 93561648 | RevenueSubtotal |
| Investment Expenses Not Included | 267782 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 26991766 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 27259548 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 120821196 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 88035168 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 60129 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 60129 | ExpensesNotRptdF990 |
| Expenses Subtotal | 87975039 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 267782 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 26991766 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 27259548 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 115234587 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE INSTITUTE'S ENDOWMENT CONSISTS OF 120 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE BOARD OF TRUSTEES HAS ESTABLISHED A SPENDING RATE OF 5% OF A ROLLING THREE-YEAR AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT. EARNINGS FROM ENDOWED FUNDS ARE USED PRIMARILY TO AWARD SCHOLARSHIPS TO STUDENTS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE INSTITUTE 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 INSTITUTE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE INSTITUTE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE INSTITUTE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE INSTITUTE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON INTEREST RATE SWAP OBLIGATIONS -7,262,952. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENT EXPENSES 60,129. UNREALIZED LOSS ON INTEREST RATE SWAPS -7,262,952. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID - GRANTS TO INDIVIDUALS 27,576,400. LOSS ON SALE OF PROPERTY AND EQUIPMENT -584,634. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENT EXPENSES 60,129. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID - GRANTS TO INDIVIDUALS 27,576,400. LOSS ON SALE OF PROPERTY AND EQUIPMENT -584,634. |
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 | ALL INSTITUTE PUBLICATIONS, NEWSPAPER AND MEDIA ADVERTISING CONTAIN STATEMENTS REGARDING THE NON-DISCRIMINATORY AND EQUAL OPPORTUNITY POLICIES. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE INSTITUTE ADMINISTERS DISBURSEMENT OF FUNDS FOR FEDERAL PROGRAMS INCLUDING PERKINS (FORMERLY NDSL), SEOG, PELL, AND FWS AND DISBURSEMENTS FROM VARIOUS STATE GOVERNMENTS LOCATED THROUGHOUT THE USA. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | 2 | PROGRAM SERVICES | STUDY ABROAD PROGRAM FOR APPROXIMATELY 100 STUDENTS | 481706 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | 9381055 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTMAKING | 304950 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 2 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 2 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Total Number Of Employees | 2 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 10167711 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 10167711 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | SCHOLARSHIPS | TypeOfAssistance |
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) | Region |
| Number Of Recipients | 83 | NumberOfRecipients |
| Manner Of Cash Disbursement | N/A | MannerOfCashDisbursement |
| Amount Of Non Cash Assistance | 304950 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | CREDIT TO STUDENT ACCOUNT | DescriptionOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 2: ALL GRANTS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNTS TO COVER A PORTION OF THE STUDENT'S TUITION. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ALUMNI TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 100750 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 15100 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 85650 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 313 | NonCashPrizesEvent1 |
| Other Direct Expenses Event1 | 22439 | OtherDirectExpensesEvent1 |
| Name Of Event2 | PRESIDENT'S CUP | NameOfEvent2 |
| Gross Receipts Event2 | 45400 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 30300 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 15100 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 939 | NonCashPrizesEvent2 |
| Other Direct Expenses Event2 | 36438 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 146150 | GrossReceiptsTotal |
| Charitable Contributions Total | 45400 | CharitableContributionsTotal |
| Gross Revenue Total Events | 100750 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 1252 | NonCashPrizesTotalEvents |
| Other Direct Expenses Total Events | 58877 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 60129 | DirectExpenseSummaryEvents |
| Net Income Summary | 40621 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 3148 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 27271450 | AmountOfNonCashAssistance |
| Method Of Valuation | OTHER | MethodOfValuation |
| Description Of Non Cash Assistance | SCHOLARSHIPS | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE INSTITUTE'S OFFICE OF FINANCIAL AID MONITORS ALL RECIPIENTS OF SCHOLARSHIP AWARDS TO DETERMINE BOTH INITIAL AND CONTINUING ELIGIBILITY BASED ON THE CRITERIA FOR EACH TYPE OF AWARD, WHICH MAY INCLUDE ACADEMIC PERFORMANCE, FINANCIAL NEED, CRITERIA ESTABLISHED BY DONORS OF ENDOWED SCHOLARSHIP FUNDS, ETC. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | 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 | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZORICA PANTIC | |||||||||||||
| 347593 | 0 | 0 | 0 | 59880 | 0 | 40000 | 0 | 24129 | 0 | 471602 | 0 | 0 | 0 |
| ROBERT L TOTINO | |||||||||||||
| 175382 | 0 | 10000 | 0 | 309 | 0 | 18700 | 0 | 25379 | 0 | 229770 | 0 | 0 | 0 |
| RUSSELL PINIZZOTTO | |||||||||||||
| 214736 | 0 | 25000 | 0 | 2629 | 0 | 22500 | 0 | 21694 | 0 | 286559 | 0 | 0 | 0 |
| BRENDA CROSS-SANCHEZ | |||||||||||||
| 201000 | 0 | 5000 | 0 | 320 | 0 | 20800 | 0 | 7000 | 0 | 234120 | 0 | 0 | 0 |
| KEIKO BROOMHEAD | |||||||||||||
| 170785 | 0 | 0 | 0 | 279 | 0 | 0 | 0 | 6214 | 0 | 177278 | 0 | 0 | 0 |
| DAVID WAHLSTROM | |||||||||||||
| 171086 | 0 | 10000 | 0 | 698 | 0 | 18200 | 0 | 22344 | 0 | 222328 | 0 | 0 | 0 |
| ANNE GILL | |||||||||||||
| 154306 | 0 | 0 | 0 | 1563 | 0 | 15600 | 0 | 1694 | 0 | 173163 | 0 | 0 | 0 |
| GLEN WIGGINS | |||||||||||||
| 184506 | 0 | 0 | 0 | 1273 | 0 | 19282 | 0 | 19744 | 0 | 224805 | 0 | 0 | 0 |
| MICHAEL KUPFERMAN | |||||||||||||
| 174490 | 0 | 0 | 0 | 3708 | 0 | 18704 | 0 | 24300 | 0 | 221202 | 0 | 0 | 0 |
| FREDERICK DRISCOLL | |||||||||||||
| 159823 | 0 | 0 | 0 | 2990 | 0 | 16008 | 0 | 255 | 0 | 179076 | 0 | 0 | 0 |
| MARK HASSO | |||||||||||||
| 148074 | 0 | 4000 | 0 | 1619 | 0 | 13765 | 0 | 9721 | 0 | 177179 | 0 | 0 | 0 |
| PATRICK HAFFORD | |||||||||||||
| 144209 | 0 | 0 | 0 | 1022 | 0 | 15317 | 0 | 20394 | 0 | 180942 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE - ZORICA PANTIC - $50,000. THE ENTIRE AMOUNT IS TREATED AS TAXABLE COMPENSATION. |
| PART I, LINE 1B | THE AMOUNT OF THE HOUSING ALLOWANCE FOR THE PRESIDENT IS INCLUDED IN A WRITTEN EMPLOYMENT CONTRACT THAT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE AMOUNT WAS DETERMINED PARTLY BASED ON DATA FROM SALARY SURVEYS. |
| PART I, LINE 4B | ZORICA PANTIC PARTICIPATED IN A SECTION 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DURING FY 12. NO AMOUNTS WERE CREDITED TO DR. PANTIC IN 2011. |
| PART I, LINE 7 | MERIT BASED COMPENSATION MAY BE GRANTED AS EITHER A SALARY INCREASE OR A ONE-TIME BONUS. QUALIFICATIONS FOR RECEIVING A BONUS INCLUDE PERFORMANCE EXCEEDING EXPECTATIONS OR TAKING ON ADDITIONAL DUTIES DUE TO STAFF VACANCIES OR TEMPORARY ABSENCES. IN THE CASE OF EMPLOYEES BELOW THE LEVEL OF DIVISION HEADS, THE BONUS AMOUNT IS DETERMINED BY CONSULTATION BETWEEN THE DIVISION HEAD AND HUMAN RESOURCES. IN THE CASE OF DIVISION HEADS AND OTHER OFFICERS, THE BONUS AMOUNT (IF ANY) IS DETERMINED VIA THE SAME PROCESS AS OTHER COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| 043431814 | 57583FV99 | 2007-11-30 | 19109055 | REFUND MDFA SERIES 2003 BONDS | 0 | 0 | 0 |
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| 043431814 | 57583RES0 | 2007-11-30 | 14635000 | REFUND MDFA SERIES 2005 BONDS | 0 | 0 | 0 |
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| 043431814 | 57583RYC3 | 2008-06-10 | 30060000 | REFUND MDFA SERIES 2000 BONDS | 0 | 0 | 0 |
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| 043431814 | 57583FV99 | 2007-11-30 | 31045945 | REFUND MDFA SERIES 2003 BONDS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|
| 19109055 | 1363190 | 112029 | 12177 | 17621659 | 2007 | 1 | 0 | 1 | 1 |
| 14635000 | 900031 | 96891 | 9326 | 13628751 | 2007 | 1 | 0 | 1 | 1 |
| 30060000 | 270108 | 102816 | 29687076 | 2008 | 1 | 0 | 1 | 1 | |
| 31045945 | 2214736 | 182010 | 19784 | 28629415 | 2007 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 0 | 0 | 0.00980 | 0.00000 | 0.00980 | 1 |
| 0 | 0 | 1 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 1 | 0 | 0 | 0.00520 | 0.00520 | 1 | |
| 0 | 0 | 1 | 0 | 0 | 0.00700 | 0.00700 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | ||||||||
| 0 | 1 | 1 | 29.800000000000 | 0 | 0 | 0 | 0 | 0 |
| BANK OF NEW YORK | ||||||||
| 0 | 1 | 1 | 29.800000000000 | 0 | 0 | 0 | 0 | 0 |
| (no name) | ||||||||
| 0 | 1 | 0 | 0 | 0 | 0 | |||
| MORGAN STANLEY | ||||||||
| 0 | 1 | 1 | 29.800000000000 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K, PART V: | Identifier |
| Explanation | AS OF JUNE 30, 2012, THE INSTITUTE HAD NOT ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. HOWEVER, THE INSTITUTE EXPECTS TO ADOPT SUCH WRITTEN PROCEDURES IN MAY, 2013. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOND BROTHERS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SEE BELOW | Relationship |
| Amount Of Transaction | 12128110 | AmountOfTransaction |
| Description Of Transaction | SEE BELOW | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV: | Identifier |
| Explanation | THE INSTITUTE ENGAGES IN ACTIVITIES, IN THE NORMAL COURSE OF BUSINESS, WITH ORGANIZATIONS WHOSE OFFICERS, DIRECTORS OR TRUSTEES MAY BE OFFICERS, DIRECTORS OR TRUSTEES OF THE INSTITUTE. AS SUCH, THE INSTITUTE HAD A CONTRACT FOR CONSTRUCTION SERVICES WITH BOND BROTHERS, INC., WHOSE CEO, EDWARD BOND, JR. IS A TRUSTEE OF THE INSTITUTE. THIS CONTRACT RESULTED FROM A COMPETITIVE BID PROCESS AND THROUGH THE NORMAL PROCUREMENT PROCESS. THE DECISION TO AWARD THE CONSTRUCTION CONTRACT TO BOND BROTHERS, INC. WAS MADE IN CONSULTATION WITH THE INSTITUTE'S INDEPENDENT AUDIT COMMITTEE CHAIRMAN. | Explanation |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 24828 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | LIST PRICE PROVIDED | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 37517 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | QUOTED MARKET PRICE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | NETWORK EQUIPMENT | 2 | 5850 | LIST PRICE PROVIDED BY DONORS |
| X | GIFT CERT. | 26 | 6554 | FACE VALUE |
| X | SUPPLIES | 1 | 2026 | LIST PRICE PROVIDED BY DONORS |
| X | OTHER | 5 | 1410 | FACE VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | THE NUMBER REPORTED IN COLUMN (B) OF SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTIONS OF EACH ITEM. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES EDWARD A. BOND AND ROSEMARIE CONTI HAVE A BUSINESS RELATIONSHIP. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO ITS FILING. AFTER APPROVAL BY THE AUDIT COMMITTEE, BUT BEFORE IT IS FILED, THE FORM 990 IS POSTED ON THE INSTITUTE'S SECURE WEB PORTAL FOR TRUSTEES. ALL TRUSTEES ARE SENT AN EMAIL TO LET THEM KNOW THAT THE FORM 990 IS AVAILABLE ON THE SECURE PORTAL FOR THEIR REVIEW. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE INSTITUTE ANNUALLY DISTRIBUTES VIA EMAIL AND OTHER ELECTRONIC MEANS A COPY OF THE CONFLICT OF INTEREST POLICY AND RELATED DISCLOSURE FORMS. WE MONITOR THE REPLIES TO ENSURE THAT WE RECEIVE REPLIES FROM ALL APPROPRIATE CORPORATORS, TRUSTEES, OFFICERS, FACULTY AND STAFF PER THE REQUIREMENTS OF THE POLICY. DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE FOR DISPOSITION. THE POLICY ALSO REMINDS ALL INDIVIDUALS THAT THEY ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE AT ANY TIME AFTER COMPLETION OF THE DISCLOSURE FORM. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS FOUND TO EXIST, THE CONFLICTED INDIVIDUAL MAY BE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS RELATING TO THE TRANSACTION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE OFFICERS AND OTHER KEY EMPLOYEES OF THE INSTITUTE MUST ALLOW WENTWORTH TO ATTRACT THE BEST INDIVIDUALS FOR EACH POSITION. THAT COMPENSATION SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE THAT COMPENSATION PACKAGES ARE APPROPRIATE IN THE MARKETPLACE, THAT THE INSTITUTE HAS A REBUTTABLE PRESUMPTION OF REASONABLENESS, AND THAT THE INSTITUTE DOES NOT VIOLATE THE INTERMEDIATE SANCTIONS PROVISIONS OF THE INTERNAL REVENUE CODE. IN ORDER TO DETERMINE MARKET VALUE, WENTWORTH HAS HIRED COMPENSATION CONSULTANTS WHO HAVE CONDUCTED A MARKET ANALYSIS OF THESE POSITIONS. THIS ANALYSIS INCLUDES DATA FROM PEER INSTITUTIONS. IN ADDITION, WENTWORTH PARTICIPATES IN SEVERAL SALARY SURVEYS WHICH WE USE TO EVALUATE THE COMPETITIVENESS OF OUR SALARIES. ON AN ANNUAL BASIS, THE PRESIDENT SHALL PROVIDE THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ALL PROPOSED OFFICER COMPENSATION FOR THE NEW CALENDAR YEAR. THE EXECUTIVE COMMITTEE SHALL DETERMINE THE APPROPRIATENESS OF THE OFFICER SALARIES. THE VICE PRESIDENT OF FINANCE/ASSISTANT TREASURER WORKS WITH THE EXECUTIVE COMMITTEE TO APPROVE THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE SHALL DOCUMENT IN THE MINUTES OF THE MEETING ALL ACTIONS TAKEN AND DATA USED TO DETERMINE SALARY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN OR ELECTRONIC REQUEST. | |
| FORM 990, PART VI, SECTION B, LINE 14: | THE ORGANIZATION MAINTAINS AND FOLLOWS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN EFFECT FOR ALL MAJOR DEPARTMENTS/DIVISIONS. THE ORGANIZATION CHECKED "NO" TO THIS QUESTION IN ITS FORM 990 BECAUSE NOT ALL POLICIES HAVE BEEN APPROVED BY THE BOARD. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,290,983. UNREALIZED LOSS ON INTEREST RATE SWAP OBLIGATIONS -7,262,952. TOTAL TO FORM 990, PART XI, LINE 5: -11,553,935. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | TRUST | PrimaryActivity |
| Legal Domicile State | MA | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | T | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |