MOUNT IDA COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MOUNT IDA COLLEGE (EIN 04-2104736)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-02
- IRS object ID
- 201201239349300305
- Schema version
- 2010v3.4
- 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 D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-02T08:37:58-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 CROWN COLONY DRIVE SUITE 310 | AddressLine1 |
| City | QUINCY | City |
| State | MA | State |
| ZIP Code | 02169 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104736 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOUNT IDA COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MOUN | NameControl |
| Phone | 6179284500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 DEDHAM STREET | AddressLine1 |
| City | NEWTON CENTRE | City |
| State | MA | State |
| ZIP Code | 024593323 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PRESIDENTVP OF ACADEMIC AFFAIRS | Name |
| Title | PRESIDENT | Title |
| Phone | 6179284500 | Phone |
| Date Signed | 2012-04-25 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179848100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LANCE WCARLUCCIO PHD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 DEDHAM STREET | AddressLine1 |
| City | NEWTON CENTRE | City |
| State | MA | State |
| ZIP Code | 024593323 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 64508498 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MOUNTIDA.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | TO EMPOWER ALL STUDENTS TO ACHIEVE ACADEMICALLY AND CONTRIBUTE RESPONSIBLY IN A CHANGING WORLD. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1162 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 182911 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -14968 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 718827 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 294031 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 46075193 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 48064974 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1128366 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1625363 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 8449 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 45674103 | TotalRevenuePriorYear |
| Total Revenue Current Year | 49984368 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 10333438 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 11635784 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19262611 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19341523 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 524026 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16509448 | OtherExpensePriorYear |
| Other Expenses Current Year | 17259604 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 46105497 | TotalExpensesPriorYear |
| Total Expenses Current Year | 48236911 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -431394 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1747457 | RevenuesLessExpensesCY |
| Total Assets BOY | 49976467 | TotalAssetsBOY |
| Total Assets EOY | 50641144 | TotalAssetsEOY |
| Total Liabilities BOY | 42742072 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 39359615 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7234395 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11281529 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MOUNT IDA COLLEGE PROVIDES A DIVERSE COMMUNITY OF LEARNERS A CHALLENGING EDUCATION THAT BLENDS THE LIBERAL ARTS WITH PROFESSIONAL PREPARATION. WE DEDICATE OUR ENERGY, IMAGINATION, AND RESOURCES TO EMPOWERING ALL STUDENTS TO ACHIEVE ACADEMICALLY AND CONTRIBUTE RESPONSIBLY IN A CHANGING WORLD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26327377 | Expense |
| Grants | 11635784 | Grants |
| Revenue | 33457900 | Revenue |
| Description | HIGHER EDUCATION: MOUNT IDA COLLEGE IS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION CHARTERED IN 1899. THE COLLEGE IS AN INDEPENDENT FOUR-YEAR COEDUCATIONAL INSTITUTION OF HIGHER LEARNING. ITS 70-ACRE CAMPUS IS LOCATED IN NEWTON, MASSACHUSETTS. THE COLLEGE IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES, INC. APPROXIMATELY 1,500 FULL- AND PART-TIME STUDENTS ARE ENROLLED IN THE COLLEGE'S FIVE SCHOOLS THAT OFFER MORE THAN 25 AREAS OF STUDY: ANIMAL SCIENCE, ARTS AND SCIENCES, BUSINESS, DESIGN, AND THE NEW ENGLAND INSTITUTE. OVER 85% OF THE STUDENTS ARE ENROLLED IN BACCALAUREATE PROGRAMS. THE COLLEGE'S PHILOSOPHY OF BLENDING A STRONG LIBERAL ARTS FOUNDATION WITH PROFESSIONAL PREPARATION HAS SINCE BEEN ENHANCED BY THE OFFERING OF MASTER'S DEGREE STUDY. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 8941466 | Expense |
| Grants | 0 | Grants |
| Revenue | 13287536 | Revenue |
| Description | THE COLLEGE PROVIDES ROOM AND BOARD FOR APPROXIMATELY 900 STUDENTS WHO RESIDE ON CAMPUS OR LIVE IN CAMPUS-SPONSORED HOUSING. THE COLLEGE ALSO PROVIDES ITS FACILITIES TO OTHER EDUCATIONAL INSTITUTIONS WHOSE MISSIONS ARE SIMILAR TO THAT OF THE COLLEGE. OTHER AUXILIARY ENTERPRISES INCLUDE THE OPERATION OF LONGFELLOW PRE-SCHOOL, WHICH IS A LABORATORY OF ITS EARLY CHILDHOOD DEVELOPMENT PROGRAM, AND MOUNT IDA SUMMER DAY CAMP. LONGFELLOW PRE-SCHOOL PROVIDES A QUALITY EDUCATION EXPERIENCE, INCLUDING A TRANSITIONAL KINDERGARTEN PROGRAM, FOR A MULTI-AGE GROUP OF CHILDREN WHOSE AGES RANGE FROM THREE TO FIVE YEARS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6786905 | Expense |
| Grants | 0 | Grants |
| Revenue | 1319538 | Revenue |
| Description | STUDENT SERVICES: SERVING APPROXIMATELY 1,500 FULL- AND PART-TIME STUDENTS FROM MORE THAN 25 STATES AND 35 COUNTRIES, THE OFFICE OF STUDENT AFFAIRS OFFERS SUPPORT FOR THE INTELLECTUAL, SOCIAL, EMOTIONAL, SPIRITUAL, AND PHYSICAL WELL-BEING OF ALL MOUNT IDA STUDENTS. THE OFFICE OF STUDENT ACTIVITIES FOSTERS STUDENT DEVELOPMENT BY PROVIDING SOCIAL, EDUCATIONAL, AND CULTURAL CO-CURRICULAR PROGRAMS. THE COLLEGE STRIVES TO ENHANCE LEADERSHIP SKILLS BY OFFERING OPPORTUNITIES TO BECOME INVOLVED WITH STUDENT GOVERNMENT, EVENT PLANNING, AND OTHER LEADERSHIP DEVELOPMENT WORKSHOPS AND PROGRAMS. STUDENTS PARTICIPATE IN 14 NCAA DIVISION III INTERCOLLEGIATE ATHLETIC PROGRAMS, AND ARE STRONGLY ENCOURAGED TO ENGAGE IN COMMUNITY SERVICE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 42055748 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | 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 | 0 | 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 | 0 | 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 | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | 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 | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | 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 | 74 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1162 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| 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 | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | 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 | 1 | 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 |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD N MOLLER CONTROLLERASST TREASURER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6179284515 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 DEDHAM STREET | AddressLine1 |
| City | NEWTON CENTRE | City |
| State | MA | State |
| ZIP Code | 024593323 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (33 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| JO ANN ROONEY ED D | |||||||||
| PRESIDENT | 40.00 | X | X | 149898 | 0 | 14709 | |||
| JUDITH ALLEN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| CORRADO ADDONISIO | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MICHAEL T BURNS CPA | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BLOSSOM BURTON | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| KATHRYN CORBIN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| KEVIN D CROWLEY CHFC | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| KEVIN M DYSON | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| PHYLLIS S FANGER | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| KATHERINE H HANSON | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| MICHAEL KERRIGAN | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ANGELYN KONUGRES PHD | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| AMY B NYCHIS | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JOHN ROSS | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| ARNOLD ROTH | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| SYLVIA Q SIMMONS PHD | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| EDWARD A STETTNER PHD | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| THOMAS J WAITE | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| DAVID Z WEBSTER JD | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| BURTON WINNICK LLB | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| LANCE WCARLUCCIO PHD | |||||||||
| PRESIDENT/VP OF ACADEMIC AFFAIRS | 40.00 | X | 155095 | 0 | 0 | ||||
| DAVID G HEALY | |||||||||
| VP OF FINANCE/TREASURER | 40.00 | X | 248618 | 0 | 0 | ||||
| EDWARD N MOLLER CPA | |||||||||
| CONTROLLER/ASST TREAS | 40.00 | X | 87551 | 0 | 0 | ||||
| GRACE BELTRAME | |||||||||
| CLERK | 40.00 | X | 44935 | 0 | 0 | ||||
| PHILIP A CONROY JR | |||||||||
| VP OF ENROLLMENT MGT/MKTG | 40.00 | 145473 | 0 | 0 | X | ||||
| ELIZABETH A TRUE PHD | |||||||||
| VP FOR STUDENT AFFAIRS | 40.00 | 120473 | 0 | 0 | X | ||||
| WALTER T GEER | |||||||||
| DIRECTOR OF NETWORK SERVICES | 40.00 | 98168 | 0 | 0 | X | ||||
| DANIEL P YOUNG DVM | |||||||||
| FACULTY AND SCHOOL DIRECTOR | 40.00 | 101172 | 0 | 6768 | X | ||||
| JERRY C TITUS | |||||||||
| DEAN OF ADMISSIONS | 40.00 | 105078 | 0 | 5973 | X | ||||
| JACQUELINE A PALMER | |||||||||
| FACULTY | 40.00 | 102727 | 0 | 0 | X | ||||
| JACQUELYNE TAYLOR | |||||||||
| FACULTY AND SCHOOL DIRECTOR | 40.00 | 98025 | 0 | 6768 | X | ||||
| CAROL J MATTESON PHD | |||||||||
| FORMER PRESIDENT | 40.00 | 345913 | 0 | 2606 | X | ||||
| RALPH A TORAN EDD | |||||||||
| FORMER VP FOR FINANCE AND ADMINISTRATION | 0.00 | 16000 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1340987 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 30056 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 1 | 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 |
|---|---|---|---|---|---|
| ARAMARK SERVICES INC | |||||
| TWO PLEASURE ISLAND ROAD | WAKEFIELD | MA | 01880 | DINING SERVICES | 2510019 |
| HARVARD MAINTENANCE LLC | |||||
| 570 SEVENTH AVENUE | NEW YORK | NY | 10018 | JANITORIAL & CUSTODIAL | 786582 |
| SECURITAS SECURITY USA INC | |||||
| PO BOX 403412 | ATLANTA | GA | 30384 | PUBLIC SAFETY | 677948 |
| SHERATON NEEDHAM HOTEL | |||||
| PO BOX 844179 | DALLAS | TX | 75284 | OFF-CAMPUS HOUSING | 630942 |
| CUTLER ASSOCIATES | |||||
| 43 HARVARD STREET | WORCESTER | MA | 01615 | CONSTRUCTION | 561842 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 14 | NumberOfContractorsGT100K |
| All Other Contributions | 294031 | AllOtherContributions |
| Noncash Contributions | 30860 | NoncashContributions |
| Total Contributions | 294031 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 611600 | 33929547 | 33746636 | 182911 |
| AUXILIARY ENTERPRISES | 611710 | 13287536 | 13287536 | |
| GOVERNMENT FEES | 611710 | 847891 | 847891 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 48064974 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 235534 | TotalRevenueColumn |
| Exclusion | $235,534 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15913959 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14524130 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1389829 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1389829 | TotalRevenueColumn |
| Exclusion | $1,389,829 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 49984368 | TotalRevenueColumn |
| Related Or Exempt Function Income | 47882063 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 182911 | UnrelatedBusinessRevenue |
| Exclusion | $1,625,363 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11481034 | Total |
| Program Services | 11481034 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154750 | Total |
| Program Services | 154750 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1111402 | Total |
| Program Services | 480661 | ProgramServices |
| Management And General | 436681 | ManagementAndGeneral |
| Fundraising | 194060 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28702 | Total |
| Program Services | 8235 | ProgramServices |
| Management And General | 12232 | ManagementAndGeneral |
| Fundraising | 8235 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13902657 | Total |
| Program Services | 12144888 | ProgramServices |
| Management And General | 1627105 | ManagementAndGeneral |
| Fundraising | 130664 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1109119 | Total |
| Program Services | 905127 | ProgramServices |
| Management And General | 176641 | ManagementAndGeneral |
| Fundraising | 27351 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2137546 | Total |
| Program Services | 1428340 | ProgramServices |
| Management And General | 693031 | ManagementAndGeneral |
| Fundraising | 16175 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1052097 | Total |
| Program Services | 884988 | ProgramServices |
| Management And General | 143761 | ManagementAndGeneral |
| Fundraising | 23348 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173863 | Total |
| Management And General | 173863 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90038 | Total |
| Management And General | 90038 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30017 | Total |
| Management And General | 30017 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1348691 | Total |
| Program Services | 923222 | ProgramServices |
| Management And General | 423834 | ManagementAndGeneral |
| Fundraising | 1635 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140312 | Total |
| Program Services | 128574 | ProgramServices |
| Management And General | 4872 | ManagementAndGeneral |
| Fundraising | 6866 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1004714 | Total |
| Program Services | 595709 | ProgramServices |
| Management And General | 382143 | ManagementAndGeneral |
| Fundraising | 26862 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234395 | Total |
| Program Services | 43876 | ProgramServices |
| Management And General | 190519 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4693322 | Total |
| Program Services | 4442925 | ProgramServices |
| Management And General | 226648 | ManagementAndGeneral |
| Fundraising | 23749 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 394152 | Total |
| Program Services | 364036 | ProgramServices |
| Management And General | 19041 | ManagementAndGeneral |
| Fundraising | 11075 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91329 | Total |
| Program Services | 82055 | ProgramServices |
| Management And General | 7172 | ManagementAndGeneral |
| Fundraising | 2102 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1750501 | Total |
| Program Services | 1689881 | ProgramServices |
| Management And General | 60620 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2189309 | Total |
| Program Services | 1961595 | ProgramServices |
| Management And General | 223222 | ManagementAndGeneral |
| Fundraising | 4492 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314103 | Total |
| Program Services | 152477 | ProgramServices |
| Management And General | 161626 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SUPPLIES | 3223915 | 3149690 | 33439 | 40786 |
| SECURITY SERVICE | 671260 | 575003 | 96257 | |
| BAD DEBT EXPENSE | 375179 | 375179 | ||
| STUDENT ACTIVITIES | 338086 | 336529 | 277 | 1280 |
| DUES & SUBSCRIPTIONS | 148451 | 91272 | 51833 | 5346 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47967 | Total |
| Program Services | 30881 | ProgramServices |
| Management And General | 17086 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48236911 | Total |
| Program Services | 42055748 | ProgramServices |
| Management And General | 5657137 | ManagementAndGeneral |
| Fundraising | 524026 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183441 | BOY |
| EOY | 29350 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 450000 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 225699 | BOY |
| EOY | 39154 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 463410 | BOY |
| EOY | 921978 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 324535 | BOY |
| EOY | 272461 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 57001375 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 19948925 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37733313 | BOY |
| EOY | 37052450 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9989937 | BOY |
| EOY | 11726565 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 195830 | BOY |
| EOY | 184596 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 410302 | BOY |
| EOY | 414590 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49976467 | BOY |
| EOY | 50641144 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2615779 | BOY |
| EOY | 2232263 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1322974 | BOY |
| EOY | 1390899 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25970000 | BOY |
| EOY | 25050000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2000000 | BOY |
| EOY | 1950000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10833319 | BOY |
| EOY | 8736453 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42742072 | BOY |
| EOY | 39359615 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5964211 | BOY |
| EOY | 10076457 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 572162 | BOY |
| EOY | 435114 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 698022 | BOY |
| EOY | 769958 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7234395 | BOY |
| EOY | 11281529 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49976467 | BOY |
| EOY | 50641144 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1747457 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2299677 | 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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9989937 | BeginningOfYearBalance |
| Contributions | 76256 | Contributions |
| Investment Earnings Or Losses | 1688430 | InvestmentEarningsOrLosses |
| Administrative Expenses | 28058 | AdministrativeExpenses |
| End Of Year Balance | 11726565 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9054753 | BeginningOfYearBalance |
| Contributions | 177026 | Contributions |
| Investment Earnings Or Losses | 894086 | InvestmentEarningsOrLosses |
| Other Expenditures | 106768 | OtherExpenditures |
| Administrative Expenses | 29160 | AdministrativeExpenses |
| End Of Year Balance | 9989937 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10761721 | BeginningOfYearBalance |
| Contributions | 37055 | Contributions |
| Investment Earnings Or Losses | -1718744 | InvestmentEarningsOrLosses |
| Administrative Expenses | 25279 | AdministrativeExpenses |
| End Of Year Balance | 9054753 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.92380 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.06470 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01150 | 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 | 151412 | OtherCostOrOtherBasis |
| Book Value | 151412 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 48398865 | OtherCostOrOtherBasis |
| Depreciation | 15247139 | Depreciation |
| Book Value | 33151726 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8326728 | OtherCostOrOtherBasis |
| Depreciation | 4701786 | Depreciation |
| Book Value | 3624942 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 124370 | OtherCostOrOtherBasis |
| Book Value | 124370 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 37052450 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED PENSION LIABILITY | $3,932,795 |
| SWAP AGREEMENT, MARKET VALUE | $3,388,269 |
| DEFERRED COMPENSATION | $1,206,046 |
| ANNUITY PAYMENT LIABILITY | $36,587 |
| CAPITAL LEASE PAYABLE | $172,756 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8736453 | TotalOfAmounts |
| Total Revenue | 49984368 | TotalRevenue |
| Total Expenses | 48236911 | TotalExpenses |
| Excess Or Deficit For Year | 1747457 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 58798 | NetUnrealizedGLOnInvestments |
| Other | $2,240,879 | OtherAmount |
| Total Adjustments | 2299677 | TotalAdjustments |
| Excess Or Deficit Per FS | 4047134 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 40648261 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 58798 | NetUnrealizedGainsInvestments |
| Other Revenues | -9394905 | OtherRevenues |
| Revenue Not Rptd F990 | -9336107 | RevenueNotRptdF990 |
| Revenue Subtotal | 49984368 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 49984368 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 36601127 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 36601127 | ExpensesSubtotal |
| Other Expenses Not Included | 11635784 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 11635784 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 48236911 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS HELD AS PART OF A COLLECTION FOR EDUCATION, RESEARCH, OR PUBLIC EXHIBITION PURPOSES RATHER THAN FOR SALE OR FINANCIAL GAIN ARE NOT RECOGNIZED OR CAPITALIZED. | |
| PART III, LINE 4: | FACULTY IN THE SCHOOL OF DESIGN MAKE USE OF VARIOUS ITEMS IN THE ART COLLECTION ON CAMPUS AS TEACHING AIDS AND EXAMPLES RELATING TO WORK THAT STUDENTS DO IN CLASSES SUCH AS AR 102 BASIC DRAWING SKILLS, AR 112 TWO- AND THREE-DIMENSIONAL DESIGN, AND AR 107 DRAWING CONCEPTS, TO NAME A FEW. STUDENTS IN BASIC DRAWING MAKE STUDIES OF SCULPTURE ON CAMPUS EACH YEAR AS PART OF THE COURSE EXPERIENCE. IN TWO- AND THREE-DIMENSIONAL DESIGN, STUDENTS ARE ASKED TO CREATE THEIR OWN SCULPTURE IN-THE-ROUND. THEY ARE ABLE TO STUDY EXAMPLES OF THIS TYPE OF SCULPTURE ON THE CAMPUS GROUNDS IN PREPARATION FOR MAKING THEIR OWN WORK. IN DRAWING CONCEPTS, VARIOUS WATERCOLOR PAINTINGS ARE USED TO DEMONSTRATE TO STUDENTS HOW LINEAR PERSPECTIVE IS USED TO CREATE ILLUSIONISTIC THREE-DIMENSIONAL SPACE ON A TWO-DIMENSIONAL SURFACE. IN GENERAL, THE ITEMS IN THE COLLECTION HELP CREATE AN ENVIRONMENT OF ART AND DESIGN ON CAMPUS FOR THOSE STUDYING IN DESIGN PROGRAMS AND SUPPORT THE COLLEGE'S MISSION OF BLENDING THE LIBERAL ARTS WITH PROFESSIONAL PREPARATION FOR ALL STUDENTS. | |
| PART V, LINE 4: | THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE COLLEGE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION OF THIS STANDARD HAD NO EFFECT ON THE COLLEGE'S FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT THE COLLEGE HAS NO MATERIAL UNCERTAINITIES REGARDING INCOME TAXES. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES FOR THE FISCAL YEARS ENDED JUNE 30, 2008,2009, AND 2010. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| LOSS ON MARKET VALUE OF SWAP AGREEMENT 354,109. CHANGE IN ACCRUED PENSION LIABILITY 1,886,770. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| GAIN ON MARKET VALUE OF SWAP AGREEMENT 354,109. FINANCIAL AID -11,635,784. CHANGE IN ACCRUED PENSION LIABILITY 1,886,770. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 11,635,784. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
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 | MOUNT IDA COLLEGE IS COMMITTED TO A POLICY OF NON-DISCRIMINATION IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, AND EMPLOYMENT PRACTICES. IT IS THE POLICY OF THE COLLEGE NOT TO DISCRIMINATE ON THE BASIS OF RACE, ETHNICITY, NATIONAL ORIGIN, SEXUAL ORIENTATION, COLOR, AGE, RELIGION,OR HANDICAP. THIS POLICY IS CLEARLY STATED IN ALL PRINTED MATERIALS AND PROPERLY DISCLOSED ON ALL BROADCAST AND TELEVISED MEDIA. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES GRANTS IN THE FORM OF FUNDS TO BE DISTRIBUTED FOR STUDENT FINANCIAL AID OR SUPPORT OF EDUCATIONAL PROGRAMS FROM THE FOLLOWING ORGANIZATIONS: SCHOLARSHIP PAYMENTS FROM VARIOUS STATE AGENCIES ON BEHALF OF STUDENTS - UNITED STATES DEPARTMENT OF EDUCATION; STUDENT FINANCIAL ASSISTANCE - CLUSTER; FEDERAL PELL GRANT PROGRAM; FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS; AND FEDERAL WORK STUDY PROGRAM. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 6 | PROGRAM SERVICES | STUDY ABROAD EXPENDITURES; RECRUITING EXPENDITURES | 35749 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 2 | PROGRAM SERVICES | STUDY ABROAD EXPENDITURES; RECRUITING EXPENDITURES | 253920 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 8 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 8 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 289669 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 289669 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (6 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|---|---|
| FINANCIAL AID | EUROPE (INCLUDING ICELAND & GREENLAND) | 19 | 48350 | DIRECT APPLICATION TO STUDENT ACCOUNT | TUITION DISCOUNT | FMV |
| FINANCIAL AID | MIDDLE EAST AND NORTH AFRICA | 8 | 24050 | DIRECT APPLICATION TO STUDENT ACCOUNT | TUITION DISCOUNT | FMV |
| FINANCIAL AID | CENTRAL AMERICA AND THE CARIBBEAN | 8 | 27850 | DIRECT APPLICATION TO STUDENT ACCOUNT | TUITION DISCOUNT | FMV |
| FINANCIAL AID | EAST ASIA AND THE PACIFIC | 18 | 33600 | DIRECT APPLICATION TO STUDENT ACCOUNT | TUITION DISCOUNT | FMV |
| FINANCIAL AID | SOUTH AMERICA | 3 | 4900 | DIRECT APPLICATION TO STUDENT ACCOUNT | DIRECT APPLICATION TO | FMV |
| FINANCIAL AID | NORTH AMERICA | 4 | 16000 | DIRECT APPLICATION TO STUDENT ACCOUNT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | 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: THE COLLEGE'S DEPARTMENT OF FINANCIAL AID REVIEWS AND APPROVES THE PROCEDURES FOR MONITORING THE FUNDS. THE CONTROLLER AND BURSAR MONITOR THE USE OF GRANT FUNDS AND APPLY GENERAL ACCOUNTING PROCEDURES IN BOOKING THE FUNDS ON FINANCIAL RECORDS. | Explanation |
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/FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 963 | NumberOfRecipients |
| Amount Of Cash Grant | 11492034 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 11635784 | AmountOfNonCashAssistance |
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 COLLEGE'S DEPARTMENT OF FINANCIAL AID REVIEWS AND APPROVES THE PROCEDURES FOR MONITORING THE FUNDS. THE CONTROLLER AND BURSAR MONITOR THE USE OF GRANT FUNDS AND APPLY GENERAL ACCOUNTING PROCEDURES IN BOOKING THE FUNDS ON FINANCIAL RECORDS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | 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 | 1 | 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 | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JO ANN ROONEY ED D | |||||||||||||
| 149898 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14709 | 0 | 164607 | 0 | 0 | 0 |
| LANCE WCARLUCCIO PHD | |||||||||||||
| 155095 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155095 | 0 | 0 | 0 |
| DAVID G HEALY | |||||||||||||
| 248618 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 248618 | 0 | 0 | 0 |
| CAROL J MATTESON PHD | |||||||||||||
| 333613 | 0 | 0 | 0 | 12300 | 0 | 0 | 0 | 2606 | 0 | 348519 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - ELIZABETH TRUE - $2,124 - INCLUDED IN TAXABLE INCOME HOUSING ALLOWANCE - LANCE CARLUCCIO - $24,000 - NOT INCLUDED IN TAXABLE INCOME HOUSING ALLOWANCE - JO ANN ROONEY - $24,000 - NOT INCLUDED IN TAXABLE INCOME |
| PART I, LINES 4A-B | JO ANN ROONEY - 100,000(SEVERANCE) |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS HEALTH AND EDUCATION FACILITIES AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043379905 | IssuerEIN |
| CUSIP Number | 57586CYF6 | CUSIPNumber |
| Date Issued | 2007-06-14 | DateIssued |
| Issue Price | 26815000 | IssuePrice |
| Description Of Purpose | REFINANCE OLD DEBT, NEW FACILITY CONSTRUCTION | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 0 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 1 | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 28700 | AmountOfGrant |
| Type Of Assistance | FINANCIAL AID | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCCARTER AND ENGLISH LLP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BURTON WINNICK IS A TRUSTEE AND PARTNER IN THE LAW FIRM | Relationship |
| Amount Of Transaction | 31752 | AmountOfTransaction |
| Description Of Transaction | CONSULTING FEES | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 2771 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5036 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | 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 | DENTAL EQUIPMENT | 4 | 11975 | FAIR MARKET VALUE |
| X | DEATH CERTIFICATES, TRANSPORTATION, OTHER FUNERARY | 40 | 11809 | FAIR MARKET VALUE |
| X | FABRICS FOR SCHOOL OF DESIGN | 1 | 2200 | FAIR MARKET VALUE |
| X | MISCELLANEOUS | 8 | 713 | FAIR MARKET 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 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTS OF THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE CHAIR OF THE BOARD OF TRUSTEES BOTH AS EX-OFFICIO VOTING MEMBERS AND THE PRESIDENT AS A NON-VOTING EX-OFFICIO MEMBER, AND NOT LESS THAN FIVE ADDITIONAL TRUSTEE MEMBERS, EXCEPT WHERE THE LARGER NUMBER IS REQUIRED BY THE LAW. THE EXECUTIVE COMMITTEE MAY MAKE RULES FOR THE CONDUCT OF ITS BUSINESS, BUT UNLESS OTHERWISE PROVIDED BY THE TRUSTEES OR IN SUCH RULES, ITS BUSINESS SHALL BE CONDUCTED AS NEARLY AS MAY BE IN THE SAME MANNER AS IT PROVIDED IN THE BY-LAWS FOR THE TRUSTEES. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE COLLEGE WHEN THE BOARD IS NOT IN SESSION, TO TRANSACT ALL BUSINESS AND ON BEHALF OF THE CORPORATION AND TO GIVE THE NECESSARY INSTRUCTIONS TO THE EXECUTIVE OFFICERS ON BEHALF OF THE BOARD AND AUTHORIZE ANY OF THE OFFICERS,ON BEHALF OF THE CORPORATION, TO SIGN, AFFIX THE CORPORATE SEAL TO, AND DELIVER ANY CONTRACTS, DEEDS, RELEASES, ASSIGNMENTS, OR OTHER INSTRUMENTS IN WRITTING, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER TO ALTER OR AMEND THE ARTICLES OF ORGANIZATION OF THE COLLEGE, TO AMEND THE BY-LAWS, TO AWARD OR CONFER DEGREES, TO CHANGE THE PRINCIPAL OFFICE OF THE CORPORATION, TO ELECT OFFICERS, TO FILL ANY VACANCY IN SUCH OFFICE OR REVERSE ANY PRIOR ACTION OF THE BOARD, TO REMOVE OFFICERS OR TRUSTEES FROM OFFICE, TO AUTHORIZE A MERGER OF THE CORPORATION, TO CHANGE THE NUMBER OF THE BOARD OF TRUSTEES OR TO FILL VACANCIES ON THE BOARD OF TRUSTEES, OR AS MAY OTHERWISE BE LIMITED BY LAW,THE ARTICELS OF ORGANIZATION OR THESE BY-LAWS. THE TREASURER AND COUNSEL SHALL ATTEND ALL MEETINGS OF THE EXECUTIVE COMMITTEE TO ADVISE AND INFORM THE COMMITTEE, WITHOUT AUTHORITY TO VOTE THEREAT BUT THE ABSENCE OF THE TREASURER OR COUNSEL FROM ANY MEETING SHALL NOT IMPAIR THE VALIDITY OF ANY OTHERWISE LAWFUL ACTION TAKEN AT SUCH MEETING. THE EXECUTIVE COMMITTEE SHALL REPORT TO THE BOARD OF TRUSTEES ITS FINDINGS, RECOMMENDATIONS AND ACTIONS RELATING TO THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE COLLEGE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | BEFORE THE FORM 990 WAS FILED, THE RETURN WAS REVIEWED BY THE AUDIT COMMITTEE AND THEN DISTRIBUTED TO THE MEMBERS OF THE GOVERNING BODY. | |
| THE COLLEGE'S CONFLICT OF INTEREST POLICY COVERS TRUSTEES (INCLUDING EX-OFFICIO, HONORARY AND EMERITUS MEMBERS OF THE BOARD OF TRUSTEES), COMMITTEE MEMBERS AND EXECUTIVE OFFICERS. ALL COVERED INDIVIDUALS ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE TO THE FULL BOARD OF TRUSTEES IDENTIFYING POTENTIAL RELATIONSHIPS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST, WITH UPDATES TO THE DISCLOSURES IN THE EVENT OF CHANGED CIRCUMSTANCES. POTENTIAL CONFLICTS ARE SUBJECT TO THE REVIEW AND APPROVAL OF THE BOARD OF TRUSTEES TO ENSURE THAT SUCH TRANSACTION OR RELATIONSHIP IS IN THE BEST INTERESTS OF THE COLLEGE AND COMPLIES WITH COLLEGE POLICY AND ALL APPLICABLE LEGAL AND ETHICAL GUIDELINES. ANY COVERED INDIVIDUAL HAVING A PERSONAL INTEREST IN A GIVEN TRANSACTION OR OTHER RELATIONSHIP SHALL NOT PARTICIPATE IN THE DISCUSSION OF THAT TRANSACTION OR RELATIONSHIP, EXCEPT TO RESPOND TO QUESTIONS OR INQUIRIES FROM OR PROVIDE INFORMATION REQUESTED BY THE TRUSTEES OR OTHERS, SHALL SPECIFICALLY ABSTAIN FROM VOTING ON THE TRANSACTION OR RELATIONSHIP, AND SHALL NOT BE COUNTED TOWARDS A QUORUM FOR PURPOSES OF THE VOTE. THE EXECUTIVE COMMITTEE SHALL REPORT TO THE BOARD OF TRUSTEES PERIODICALLY, AND AT LEAST ANNUALLY, ON ALL NON-DE MINIMIS TRANSACTIONS AND OTHER FINANCIAL RELATIONSHIPS BETWEEN THE COLLEGE AND COVERED PERSONS. SUCH REPORT SHALL INCLUDE A DESCRIPTION OF THE TRANSACTION OR RELATIONSHIP, THE FEES PAID OR RECEIVED BY THE COLLEGE (IF ANY), AND OTHER RELEVANT INFORMATION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE BOARD OF TRUSTEES APPROVES THE CONTRACT, IF ANY, AND ALL SALARY, INCENTIVES, BONUSES, LOANS, SUBSIDIES, IN-KIND BENEFITS, EXPENSE ALLOWANCES, DEFERRED COMPENSATION PAYMENTS TO BENEFIT PLANS AND RETIREMENT PLANS, PAYMENTS FOR UNUSED SABBATICAL LEAVE, SEVERANCE PAYMENTS AND ARRANGEMENTS, AND ANY OTHER COMPENSATION, BENEFITS, PAYMENTS AND PERQUISITES, FOR OR OTHERWISE IN BEHALF OF THE PRESIDENT, THE EXECUTIVE VICE PRESIDENT, THE VICE PRESIDENTS, AND THE TREASURER BY, FROM OR ON BEHALF OF THE COLLEGE. THERE SHALL BE A DISCLOSURE TO THE BOARD OF TRUSTEES OF ANY COMPENSATION, BENEFITS, PAYMENTS AND PERQUISITES WHATSOEVER PAID TO THE AFOREMENTIONED OFFICERS BY, FOR OR ON BEHALF OF ANY AFFILIATED ORGANIZATION DEFINED HEREINAFTER. THE COMPENSATION COMMITTEE ("THE COMMITTEE") IS RESPONSIBLE FOR THE ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION AND BENEFITS, FOLLOWING A PERFORMANCE REVIEW. THE COMMITTEE MAY DELEGATE THE PERFORMANCE REVIEW PORTION OF THIS RESPONSIBILITY TO THE CHAIR OF THE BOARD OF TRUSTEES AND TWO OR MORE MEMBERS OF THE COMMITTEE. CHANGES IN COMPENSATION OF THE PRESIDENT SHALL BE CONSISTENT WITH STANDARDS IN THE HIGHER EDUCATION COMMUNITY, WITH SPECIAL REFERENCE TO COMPARABLE INSTITUTIONS. PROPOSED CHANGES, TOGETHER WITH THE COMMITTEE'S RECOMMENDATIONS, SHALL BE SUBMITTED TO THE BOARD OF TRUSTEES FOR APPROVAL. THE COMMITTEE SHALL ALSO REVIEW AND, WHERE NO ACTION BY THE BOARD OF TRUSTEES IS OTHERWISE REQUIRED, APPROVE THE RECOMMENDATIONS OF THE PRESIDENT FOR CHANGES IN COMPENSATION AND BENEFITS FOR THE VICE PRESIDENTS AND TREASURER, AS WELL AS ANY ADDITIONAL SENIOR STAFF MEMBERS REPORTING DIRECTLY TO THE PRESIDENT. WHERE ACTION IS REQUIRED BY THE BOARD OF TRUSTEES, PROPOSED CHANGES, TOGETHER WITH THE COMMITTEE'S RECOMMENDATIONS, SHALL BE SUBMITTED TO THE BOARD OF TRUSTEES FOR APPROVAL. THE COMMITTEE SHALL BE PROVIDED WITH COMPARATIVE DATA FROM NATIONAL OR STATEWIDE SURVEYS OF COMPARABLE INSTITUTIONS, OR FROM LOCAL COLLEGES REGARDED AS SIMILAR TO MOUNT IDA COLLEGE IN TERMS OF DEGREE OFFERINGS, ENROLLMENT AND BUDGET AS THE COMMITTEE MAY REQUIRE IN SATISFYING ITS RESPONSIBILITIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2010 FOR THE PRESIDENT, C. MATTESON; THE VICE PRESIDENT OF FINANCE, D. HEALY; THE VICE PRESIDENT OF ACADEMIC AFFAIRS, L. CARLUCCIO; THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT AND MARKETING, P. CONROY; AND THE VICE PRESIDENT FOR STUDENT AFFAIRS, E. TRUE. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE COLLEGE'S FORM 990 IS MADE AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND AT WWW.GUIDESTAR.ORG. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 58,798. LOSS ON MARKET VALUE OF SWAP AGREEMENT 354,109. CHANGE IN ACCRUED PENSION LIABILITY 1,886,770. TOTAL TO FORM 990, PART XI, LINE 5: 2,299,677. | FORM 990, PART XI, LINE 5: |