2026-02-05T16:39:35-06:00 2025-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2024-07-01 042105769 EMMANUEL COLLEGE EMMA 6177359822 400 THE FENWAY BOSTON MA 02115 SISTER ANNE MARY DONOVAN SND TREASURER 6177359822 2026-02-05 1 0 KRISTIN ANDERSON P01231300 6179881000 2026-02-05 2024 2025-03-06 01:10:19Z DR MARY K BOYD 400 THE FENWAY BOSTON MA 02115 181356382 0 0928 X WWW.EMMANUEL.EDU X 1919 MA EMMANUEL COLLEGE IS A COED, RESIDENTIAL CATHOLIC LIBERAL ARTS AND SCIENCES COLLEGE WITH 2,112 UNDERGRADUATE AND GRADUATE STUDENTS. 24 22 1525 20 0 0 4921536 5200183 109581644 115248975 14183061 16202853 5472570 6018416 134158811 142670427 52150880 55986894 0 0 41699632 42883167 403368 76708 1450806 41084284 40705525 135338164 139652294 -1179353 3018133 440133732 440087386 279294499 273069820 160839233 167017566 X SEE SCHEDULE O 0 0 81504819 55986894 87721124 INSTRUCTIONAL EXPENSES FOR OVER 2,112 STUDENTS INCLUDING SCHOLARSHIPS, FULL-TIME AND PART-TIME FACULTY SALARIES AND BENEFITS, LAB SUPPLIES, EDUCATIONAL REFERENCE MATERIALS, SPEAKERS AND STUDENT EMPLOYMENT. 23362680 ACADEMIC SUPPORT AND STUDENT SERVICES FOR OVER 2,112 STUDENTS INCLUDING EXPENSES FOR ACADEMIC ADVISING, ACADEMIC RESOURCE CENTER, DISABILITY SERVICES, INTERNSHIPS AND CAREER SERVICES, STUDENT ACTIVITIES, STUDENT CLUBS, COUNSELING, HEALTH SERVICES, CAMPUS MINISTRY, ATHLETICS AND OPERATION OF THE COLLEGE'S LIBRARY CONTAINING OVER 526,132 TITLES IN THE ELECTRONIC, CIRCULATING AND REFERENCE COLLECTIONS; MORE THAN 107,208 ACTIVE JOURNAL SUBSCRIPTIONS IN PRINTING AND 61,556 PRINT VOLUMES. 12470936 28466010 DURING THE FALL SEMESTER, APPROXIMATELY 1,433 STUDENTS RESIDED ON-CAMPUS. DURING THE SPRING SEMESTER, APPROXIMATELY 1,377 STUDENTS RESIDED ON-CAMPUS. 117338435 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 155 0 1 1525 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X SISTER ANNE M DONOVAN SND 6177359822 400 THE FENWAY BOSTON MA 021155725 BETH ROSS EDD PRESIDENT 40.00 X X 386959 0 48893 SISTER ANNE MARY DONOVAN SND TREASURER 40.00 X X 0 0 14466 MARGARET L MCKENNA CHAIR 2.00 X X 0 0 0 THOMAS J HYNES JR VICE CHAIR 2.00 X X 0 0 0 DR CHRISTOPHER BORGES TRUSTEE 1.00 X 0 0 0 JOHN F BURKE TRUSTEE 1.00 X 0 0 0 TRACY CAMPION TRUSTEE 1.00 X 0 0 0 SISTER MARIA DELANEY SND TRUSTEE 1.00 X 0 0 0 SISTER MARY M FARREN SND TRUSTEE 1.00 X 0 0 0 SISTER KATHLEEN GALLIVAN SND TRUSTEE 1.00 X 0 0 0 THERESA HARRISON TRUSTEE 1.00 X 0 0 0 MARY HERLIHY-GEARAN TRUSTEE 1.00 X 0 0 0 DR SHEILAH SHAW HORTON TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY JR TRUSTEE 1.00 X 0 0 0 DR NANCY KLENIEWSKI TRUSTEE 1.00 X 0 0 0 LESLIE F MCCAFFERTY TRUSTEE 1.00 X 0 0 0 KEITH METTERS TRUSTEE 1.00 X 0 0 0 NIMIT NATHWANI TRUSTEE 1.00 X 0 0 0 MARGARET NORTON TRUSTEE 1.00 X 0 0 0 ALEXANDRA OLIVER-DAVILA TRUSTEE 1.00 X 0 0 0 M ANDREA RYAN TRUSTEE 1.00 X 0 0 0 MARIAN RYAN TRUSTEE 1.00 X 0 0 0 RICHARD SYRON TRUSTEE 1.00 X 0 0 0 F PATRICIA TOBIN TRUSTEE 1.00 X 0 0 0 PATRICIA TOWER VP FINANCE & ADMIN/CFO 40.00 X 150235 0 15826 DIANE SHEA DEAN OF NURSING 40.00 X 215836 0 33971 SEAN PHILPOTT VP INFO RESOURCES & PLANNING/CIO 40.00 X 198367 0 35823 JOSEF KURTZ VP ACADEMIC AFFAIRS 40.00 X 200770 0 30599 CYNTHIA O'CALLAGHAN CHIEF STRATEGIST/SPECIAL ASSIST 40.00 X 199525 0 21597 JENNIFER PORTER ASSOC VP FOR STUDENT FIN SERVICES 40.00 X 194282 0 18667 MARY KATHLEEN BOYD FORMER PRESIDENT 0.00 X 262866 0 0 1808840 0 219842 73 1 1 0 HARVARD MAINTENANCE LLC 59 MAIDEN LANE NEW YORK NY 10038 CLEANING SERVICES 1755743 MINUTEMAN SECURITY TECHNOLOGIES INC 1 CONNECTOR ROAD SUITE 4 ANDOVER MA 018105930 SECURITY SERVICES 706967 PUTNAM INVESTMENTS 100 FEDERAL STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 694255 WS AIKEN LLC 224 CRESCENT AVENUE SUITE 1 CHELSEA MA 02150 ROOFING SERVICES 633591 BOSTON AIR CORP 1595 CENTRAL STREET SUITE 4 STOUGHTON MA 02072 HVAC SERVICES 510580 16 1150715 4049468 151732 5200183 TUITION AND FEES 611710 87721124 87721124 AUXILIARY OPERATIONS 611710 25708141 25708141 SUMMER PROGRAMS 611710 1819710 1819710 115248975 4425882 4425882 5680852 1582149 4098703 4098703 4098703 48880777 37103806 11776971 11776971 11776971 STAFF & STUDENT PARKING 900099 419204 419204 VENDING COMMISSIONS 900099 219987 219987 FEES FOR ALUMNI EVENTS 900099 128270 128270 1152252 809889 342363 1919713 142670427 116187134 0 21283110 249561 249561 55737333 55737333 625532 625532 512866 512866 31892901 25036606 6036361 819934 2235471 1694411 485569 55491 5389440 4085013 1170645 133782 2226957 1687958 483719 55280 92278 92278 188650 188650 76708 76708 694255 694255 892480 461338 431142 507279 91716 415563 2423513 1787046 537185 99282 1646765 1374513 272252 3423703 3324323 99380 512041 405294 94089 12658 104564 70274 31079 3211 6951001 6951001 8247600 8247600 990994 962395 28599 CATERING & FOOD COSTS 7073166 6920279 88800 64087 MAINTENANCE & REPAIRS 3877856 3811112 37216 29528 PROGRAMS 1567633 764791 755307 47535 LIBRARY BOOKS 536310 536310 975437 90562 831565 53310 139652294 117338435 20863053 1450806 4146758 7873857 872329 872414 729763 844798 1626799 1458650 387783568 135537491 258735199 252246077 173207388 176107607 815496 683983 440133732 440087386 8006621 7435412 90247852 89671888 148191134 147468011 32848892 28494509 279294499 273069820 X 103651227 106347195 57188006 60670371 160839233 167017566 440133732 440087386 3018133 3160200 0 X 0 1 X 1 1 1 X 9088352 11546432 7073754 4921536 5200183 37830257 9088352 11546432 7073754 4921536 5200183 37830257 2493475 35336782 7978551 8739540 9609999 10207201 10106734 46642025 254826 904214 888870 999873 1109824 4157607 88629889 506223291 0.39870 0.40900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STAFF STUDENT PARKING - 2020 AMOUNT: $ 7,479. 2021 AMOUNT: $ 339,423. 2022 AMOUNT: $ 377,674. 2023 AMOUNT: $ 403,619. 2024 AMOUNT: $ 419,204. VENDING COMMISSIONS - 2020 AMOUNT: $ 64,298. 2021 AMOUNT: $ 91,877. 2022 AMOUNT: $ 74,321. 2023 AMOUNT: $ 228,927. 2024 AMOUNT: $ 219,987. FEES FOR ALUMNI EVENTS - 2021 AMOUNT: $ 74,314. 2022 AMOUNT: $ 63,655. 2023 AMOUNT: $ 48,100. 2024 AMOUNT: $ 128,270. ALL OTHER REVENUE - 2020 AMOUNT: $ 183,049. 2021 AMOUNT: $ 398,600. 2022 AMOUNT: $ 373,220. 2023 AMOUNT: $ 319,227. 2024 AMOUNT: $ 342,363. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 608 608 0 PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO A MEMBERSHIP ORGANIZATION WHICH MAY PARTICIPATE IN ACTIVITIES TO INFLUENCE LEGISLATION. PART II-B, LINE 1I CONSTITUTES THE AMOUNT OF DUES ATTRIBUTED TO LOBBYING ACTIVITIES. 129658 X 0 173207388 2846522 19363052 3229352 15385748 694255 176107607 166862151 578907 20945987 1738945 12712810 727902 173207388 160956937 1868967 14998899 1518079 8764075 680498 166862151 187652794 1981898 -18368922 2207049 7341005 760779 160956937 159077403 1340493 39051848 1163601 9975000 678349 187652794 0.68254 0.19788 0.11958 0 0 14136633 14136633 342660938 113742335 228918603 9350795 6314740 3036055 21635202 15480416 6154786 252246077 ADVANCES FROM DEPARTMENT OF EDUCATION 1534509 TAXABLE BOND LIABILITIES 26960000 28494509 X 146718521 3160200 1582149 4742349 141976172 694255 694255 142670427 140540188 1582149 1582149 138958039 694255 694255 139652294 PART III, LINE 4: THE COLLEGE'S ART COLLECTION IS ON PUBLIC EXHIBITION IN HALLWAYS AND LOBBIES. THE ARTWORK FURTHERS THE EXEMPT PURPOSE OF THE COLLEGE BY VISUALLY INSPIRING OUR STUDENTS, FACULTY, AND VISITORS OF OUR CATHOLIC INTELLECTUAL TRADITION AND THE GLOBAL MISSION OF THE SISTERS OF NOTRE DAME DE NAMUR. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 124 DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. SPENDING FROM ENDOWMENTS IS DONOR RESTRICTED TO VARIOUS PURPOSES SUCH AS PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS AND TO FUND PROFESSORSHIPS. THE SPENDING POLICY UTILIZES AN ANNUAL DISTRIBUTION PERCENTAGE APPROVED BY THE BOARD OF TRUSTEES AND IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENT'S REAL VALUE. PART X, LINE 2: THE COLLEGE GENERALLY IS NOT SUBJECT TO INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE MORE-LIKELY THAN-NOT THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS, DEFINED BY THE STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE COMMONWEALTH OF MASSACHUSETTS. AS OF JUNE 30, 2025, OPEN FEDERAL AND MASSACHUSETTS TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2021, THROUGH JUNE 30, 2024. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,582,149. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,582,149. PART V, LINE 2 THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2025 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TERM ENDOWMENT, RESPECTIVELY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A LINK TO THE COLLEGE'S RACIAL NONDISCRIMINATORY POLICY IS PUBLISHED ON THE COLLEGE'S WEBSITE. THE COLLEGE HAS ALSO PUBLICIZED ITS NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER THE BOSTON GLOBE. ADDITIONALLY, THE POLICY IS INCLUDED IN ALL STUDENT ENROLLMENT MATERIALS. THE COLLEGE HAS DEMONSTRATED THAT IT FOLLOWS ITS NONDISCRIMINATION POLICY BY CONTINUOUSLY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AND ACCORDINGLY, THE COLLEGE MEETS THE REQUIREMENTS OF REV. PROC. 75-50 (SEE SECTION 4.03(2)(B)). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION - TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS. NORTH AMERICA INVESTMENTS 361325 EAST ASIA AND THE PACIFIC INVESTMENTS 8214141 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 14405445 EAST ASIA AND THE PACIFIC PROGRAM SERVICES GLOBAL STUDIES 12781 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES GLOBAL STUDIES 9721 NORTH AMERICA PROGRAM SERVICES INTERNATIONAL RECRUITING 23182 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES INTERNATIONAL RECRUITING 26838 SOUTH AMERICA PROGRAM SERVICES INTERNATIONAL RECRUITING 19562 0 0 0 0 0 0 23072995 0 23072995 0 0 0 0 0 0 X X X X X 1 CHANGING OUR WORLD INC 1285 AVENUE OF THE AMERICAS NEW YORK NY 10019 FUNDRAISING CONSULTING 0 0 40000 -40000 MCALLISTER & QUINN LLC 1625 EYE STREET NW SUITE 750 WASHINGTON DC 20006 GRANT PROPOSAL PREPARATION 0 0 31302 -31302 MJH GRANT CONSULTING 505 WALTHAM STREET SUITE 6 WEST NEWTON MA 02465 GRANT PROPOSAL PREPARATION 0 0 5406 -5406 76708 -76708 1 CITY OF BOSTON PO BOX 9715 BOSTON MA 02114 GOV ENTITY 170000 0 PILOT CATHOLIC SCHOOLS FOUNDATION 67 BATTERYMARCH STREET 6TH FLOOR BOSTON MA 02110 222485502 501(C)(3) 25000 0 DONATION SISTERS OF NOTRE DAME DE NAMUR US EAST-WEST PROVINCE 351 BROADWAY EVERETT MA 021493425 043210469 501(C)(3) 25000 0 DONATION 3 0 EMMANUEL FINANCIAL AID 1954 54940234 SEOG GRANTS 201 280099 GILBERT GRANTS 233 517000 PART I, LINE 2: ALL GRANTS OR OTHER ASSISTANCE TO DOMESTIC ORGANIZATIONS OR DOMESTIC GOVERNMENTS ARE AUTHORIZED AND INITIATED BY THE PRESIDENT'S OFFICE WITH STRICT CONTROLS OVER THE SELECTION AND DISTRIBUTION OF THE FUNDS. ALL SUCH GRANTS WERE MADE TO 501(C)(3) ORGANIZATIONS OR DOMESTIC GOVERNMENTAL ENTITIES. FINANCIAL AID IS AWARDED TO STUDENTS IN THE FORM OF MERIT-BASED SCHOLARSHIPS, NEED-BASED GRANTS, WORK-STUDY AND STUDENT LOANS. ELIGIBILITY FOR FINANCIAL AID VARIES BASED ON THE CRITERIA OF EACH AWARD. MERIT SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC ACHIEVEMENT SUCH AS HIGH SCHOOL GRADE POINT AVERAGE, SAT OR ACT SCORE AND CLASS RANK, AND/OR EXTRA-CURRICULAR ACTIVITIES AND RECOMMENDATIONS. NEED-BASED GRANTS ARE OFFERED TO STUDENTS WHO COMPLETE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND WHO, BASED ON THIS INFORMATION, MEET THE ELIGIBILITY REQUIREMENTS FOR THE NEED-BASED AID. ALL STUDENTS WHO ARE SELECTED FOR VERIFICATION BY THE CENTRAL PROCESSING SYSTEM (CPS) MUST ALSO SUBMIT VERIFICATION OF THE INFORMATION PROVIDED ON THE FAFSA. NEED-BASED GRANTS AND SCHOLARSHIPS INCLUDE THE FEDERAL PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG), STATE GRANTS AND SCHOLARSHIPS, AND EMMANUEL COLLEGE GRANT AID. IN ADDITION TO NEED-BASED GRANTS AND SCHOLARSHIPS, STUDENTS WHO APPLY FOR FINANCIAL AID AND DEMONSTRATE FINANCIAL NEED MAY ALSO RECEIVE FEDERAL WORK STUDY AND NEED-BASED FEDERAL AND STATE STUDENT LOANS. THE LOAN PROGRAMS OFFERED BY EMMANUEL COLLEGE ARE THE FEDERAL STAFFORD LOAN, THE FEDERAL PERKINS LOAN AND THE MASSACHUSETTS NO-INTEREST LOAN. PRIOR TO DISBURSING ANY FINANCIAL ASSISTANCE, STUDENT ELIGIBILITY FOR EACH GRANT, SCHOLARSHIP, WORK-PROGRAM OR STUDENT LOAN IS CERTIFIED. TO RECEIVE NEED-BASED FINANCIAL AID STUDENTS MUST APPLY FOR FINANCIAL AID EACH ACADEMIC YEAR. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 BETH ROSS EDD PRESIDENT 385426 0 0 0 1533 0 31050 0 17843 0 435852 0 0 0 MARY KATHLEEN BOYD FORMER PRESIDENT 12500 0 0 0 250366 0 0 0 0 0 262866 0 0 0 DIANE SHEA DEAN OF NURSING 213576 0 0 0 2260 0 20440 0 13531 0 249807 0 0 0 SEAN PHILPOTT VP INFO RESOURCES & PLANNING/CIO 196965 0 0 0 1402 0 19221 0 16602 0 234190 0 0 0 JOSEF KURTZ VP ACADEMIC AFFAIRS 199767 0 0 0 1003 0 19021 0 11578 0 231369 0 0 0 CYNTHIA O'CALLAGHAN CHIEF STRATEGIST/SPECIAL ASSIST 198185 0 0 0 1340 0 18147 0 3450 0 221122 0 0 0 JENNIFER PORTER ASSOC VP FOR STUDENT FIN SERVICES 192994 0 0 0 1288 0 17477 0 1190 0 212949 0 0 0 PATRICIA TOWER VP FINANCE & ADMIN/CFO 149010 0 0 0 1225 0 13610 0 2216 0 166061 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING TO ITS PRESIDENT AND CERTAIN SISTERS OF NOTRE DAME. THIS IS A NONTAXABLE BENEFIT AS IT IS PROVIDED AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE AND IS IN CLOSE PROXIMITY TO THE CAMPUS. PART I, LINE 4A MARY BOYD RECEIVED A PAYMENT IN CONNECTION WITH A VOLUNTARY SEPARATION FROM SERVICE WHICH IS REPORTED IN PART II, COLUMN B(III). A MA DEVELOPMENT FINANCE AGENCY SERIES 2016A 043431814 57584XPZ8 2016-06-16 155914176 CONSTRUCTION/REFUND SERIES 2007 0 0 0 A 156813495 5977849 1430805 73594867 75809974 2018 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 PART II, LINE 3 - BOND PROCEEDS THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE IS INTEREST EARNED OF $899,319. SCHEDULE K, PART IV, LINE 2B THE MDFA SERIES 2016A BOND PROCEEDS WERE SPENT WITHIN 18 MONTHS OF THE ISSUANCE DATE; THUS, THIS BOND QUALIFIES FOR AN EXCEPTION TO REBATE AND NO FURTHER REBATE CALCULATION IS REQUIRED. REBATE COMPUTATION WAS LAST PERFORMED ON JUNE 30, 2019. X 6 151732 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COL (B). FORM 990, PART III, LINE 1 TO EDUCATE STUDENTS IN A DYNAMIC LEARNING COMMUNITY ROOTED IN THE LIBERAL ARTS AND SCIENCES AND SHAPED BY STRONG ETHICAL VALUES, A COMMITMENT TO SOCIAL JUSTICE AND SERVICE, THE CATHOLIC INTELLECTUAL TRADITION AND THE GLOBAL MISSION OF THE SISTERS OF NOTRE DAME DE NAMUR. FORM 990, PART VI, SECTION B, LINE 11B KPMG PREPARES THE FORM 990 USING INFORMATION PROVIDED BY THE FINANCE OFFICE OF THE COLLEGE. THE RETURN IS THEN PROVIDED TO THE UNIVERSITY FOR FINAL REVIEW AND APPROVAL. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED TO OFFICERS, TRUSTEES, AND KEY EMPLOYEES WHO MUST READ THE POLICY, SIGN ACKNOWLEDGEMENT OF RECEIPT AND DISCLOSE ANY CONFLICTS OF INTEREST. EMPLOYEES RETURN THIS ACKNOWLEDGEMENT TO THE OFFICE OF HUMAN RESOURCES; TRUSTEES RETURN THIS ACKNOWLEDGEMENT TO THE PRESIDENT'S OFFICE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT OF THE COLLEGE REVIEW COMPENSATION OF SENIOR MANAGEMENT, OFFICERS AND KEY EMPLOYEES. THE CHAIR OF THE BOARD OF TRUSTEES REVIEWS COMPENSATION OF THE PRESIDENT OF THE COLLEGE. EXECUTIVE COMPENSATION AT EMMANUEL COLLEGE IS ESTABLISHED BY IDENTIFYING INDEPENDENT MARKET COMPARABILITY INFORMATION BASED ON STUDENT ENROLLMENT, OPERATING BUDGET, CARNEGIE CLASSIFICATION, AND GEOGRAPHIC REGIONS. DATA IS COLLECTED ON SALARY, VARIABLE PAY, TOTAL COMPENSATION, SUPPLEMENTAL RETIREMENT PLANS, AND VARIOUS BENEFITS. SOURCES OF INFORMATION INCLUDE INDEPENDENT SURVEYS CONDUCTED BY THIRD PARTY CONSULTANTS, INTERNAL AND EXTERNAL BENCHMARKING, WHITE PAPERS, ARTICLES, AND WEBINARS. FOR THE RECRUITMENT OF PROSPECTIVE EXECUTIVE POSITIONS, THE COLLEGE WORKS WITH SEVERAL INDEPENDENT PROFESSIONAL EXECUTIVE SEARCH FIRMS. THE COLLEGE AND THE SELECTED FIRM WORK TOGETHER TO OBTAIN COMPARATIVE MARKET DATA AND AVAILABLE SALARY SURVEY TO DETERMINE APPROPRIATE COMPENSATION. ALL DOCUMENTATION, INCLUDING APPROPRIATE APPROVALS, REGARDING COMPENSATION IS MAINTAINED BY HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE COLLEGE'S FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.