2012-05-10T13:00:34-05:00 2011-06-30 GRANT THORNTON LLP 125 HIGH ST 21ST FLOOR BOSTON MA 021102704 990 2010-07-01 042104700 MASSACHUSETTS COLLEGE OF PHARMACY AND ALLIED HEALTH SCIENCES MASS 6177322800 179 Longwood Avenue Boston MA 02115 CHARLES F MONAHAN JR 2012-05-03 true Laura Kenney 6172267000 2012-05-03 2010 2016-02-24 21:20:13Z MCPHS CHARLES F MONAHAN JR MCPHS 179 LONGWOOD AVE BOSTON MA 02115 171510181 false X WWW.MCPHS.EDU X 1852 MA EDUCATIONAL INSTITUTION 17 17 1624 23 0 0 1770568 3240084 134189943 155212241 1590141 3569544 304902 263805 137855554 162285674 15252250 17497313 0 0 52457417 56866802 0 1607552 34368971 37459709 102078638 111823824 35776916 50461850 397695896 468257788 150768004 148524054 246927892 319733734 MASSACHUSETTS COLLEGE OF PHARMACY AND HEALTH SCIENCES PREPARES STUDENTS FOR CAREERS IN HEALTH CARE THROUGH TEACHING, SCHOLARSHIP, RESEARCH, PROFESSIONAL SERVICE AND COMMUNITY ENGAGEMENT. false false 87291239 17487313 145652689 THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS TO STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN PHARMACY AND HEALTH SCIENCE DISCIPLINES. 8541611 10000 9230868 THE COLLEGE PROVIDED DORMITORY ACCOMODATIONS FOR STUDENTS. 333926 0 328684 THE COLLEGE PROVIDED CONTINUING EDUCATION COURSES AND PROGRAMS FOR PHARMACISTS AND OTHER HEALTHCARE PROFESSIONALS. 96166776 true true false true false false false false true true true false true true false true false true false false false false false true false false false true true true false false false false false false false false true false true false false false false true true false false false true 253 0 true 1624 true false false false false false true true false false false false X 17 17 false false false false true true false true true false false true true true true true true true true false MA NH X KEITH A BELLUCCI 6177322145 179 LONGWOOD AVENUE BOSTON MA 02115 JON C ANDERSON 5.0 X CHESTER E BABINEAU 5.0 X JAY BIKOFSKY 5.0 X PAUL G BOISSEAU 5.0 X GAIL P BUCHER 5.0 X LAURA CHAN 5.0 X EILEEN K DUMOUCHEL 5.0 X J RICHARD FENNELL 5.0 X CHRIS FLYNN 5.0 X MARYESTHER L FOURNIER 5.0 X MARK W FULLER 5.0 X RICHARD E GRIFFIN 5.0 X GARY KERR 5.0 X GREGORY H LAHAM 5.0 X JUDITH P RONSHAGEN 5.0 X CATHERINE SHATTUCK 5.0 X HEIDI KANTOR SNYDER 5.0 X CHARLES F MONAHAN JR 55.0 X 916304 0 231382 RICHARD J LESSARD 55.0 X 814671 0 75507 MARGUERITE JOHNSON 55.0 X 362203 0 23913 GEORGE HUMPHREY 55.0 X 336536 0 31507 ROBERT W HOLMES 55.0 X 310301 0 39409 DENNIS LYONS 55.0 X 233703 0 23616 DEBORAH O'MALLEY 55.0 X 214453 0 16044 THOMAS SCANLON 55.0 X 256703 0 38252 KEITH A BELLUCCI 55.0 X 241703 0 34199 DOUGLAS PISANO 55.0 X 238471 0 38938 MICHAEL MALLOY 55.0 X 203086 0 35352 CARRIE GLASS 55.0 X 171453 0 31134 MARY LILLY 55.0 X 166203 0 30095 KATHLEEN RYAN 55.0 X 164203 0 20659 DAVID TANNER 55.0 X 202303 0 35273 RUTH COURIS 55.0 X 187459 0 18077 KEVIN MCGOVERN 55.0 X 183953 0 16529 TIMOTHY MAHER 55.0 X 168551 0 31361 CAROLINE ZEIND 55.0 X 168332 0 30030 MICHELLE KALIS 0.0 X 436276 0 16620 5976867 0 817897 105 true true false CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD & CATERING SERV 1812381 AMERICAN GREEN BUILDING SERVICES 190 MILTON STREET DEDHAM MA 02026 CLEANING SERVICES 950741 SECURITAS SECURITY SERVICES 2 CAMPUS DRIVE PARSIPPANY NJ 07054 SECURITY SERVICES 808399 GCA SERVICES GROUP INC 1350 EUCLID AVENUE CLEVELAND OH 44115 FACILITY MGMT SERV 438250 OCE BUSINESS SERVICES INC 460 WEST 34 STREET 6TH FLOOR NEW YORK NY 10001 DOCUMENT MGMT SERV 388883 24 26194 3213890 467357 3240084 TUITION AND FEES 900099 142667170 142667170 ROOM AND BOARD REVENUE 531110 9230868 9230868 RESEARCH GRANTS 900099 2126043 2126043 OTHER REVENUES 900099 859476 859476 CONTINUING EDUCATION 900099 328684 328684 155212241 3464530 3464530 0 89709 89709 2566465 2392369 174096 174096 174096 6914311 6809297 105014 105014 105014 22841 26194 22841 0 0 0 0 162285674 155212241 0 3833349 0 0 17497313 17497313 0 0 0 0 5424438 0 5032322 392116 0 0 0 0 40206613 37871435 1981637 353541 2777816 2616482 136908 24426 5535372 5213881 272818 48673 2922563 2467157 408401 47005 0 0 0 0 220984 0 220984 0 151417 0 151417 0 23998 0 23998 0 0 0 338526 0 338526 0 1054223 600099 395834 58290 659385 659385 0 0 397370 342161 26209 29000 1361518 1234217 102301 25000 0 0 0 0 9226591 7788863 1289332 148396 471458 389388 66849 15221 0 0 0 0 1086315 887392 115666 83257 4587648 3872780 641082 73786 0 0 0 0 9324294 7871341 1302985 149968 613282 0 613282 0 INSTITUTIONAL STIPENDS 2701859 2701859 0 0 STUDENT MEAL PLANS 1492798 1492798 0 0 CLASSROOM SUPPLIES 651611 651611 0 0 BANK & CREDIT CARD FEES 672826 0 672826 0 BOOKS & SERIALS 576827 576827 0 0 1846779 1431787 256119 158873 111823824 96166776 14049496 1607552 3425 4716 8738833 8931452 1620403 2594545 0 0 0 0 0 0 7260078 7107401 0 0 4765685 3678677 269722467 75745269 193265349 193977198 86322824 113349163 70581836 113297501 0 0 0 0 25137463 25317135 397695896 468257788 12385314 12700244 0 0 4241770 5973580 100294472 97672482 0 0 26278880 24598925 0 0 7567568 7578823 150768004 148524054 X 227965649 297965241 4108609 6392536 14853634 15375957 246927892 319733734 397695896 468257788 X 50461850 22343992 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 23998 23998 110192274 110216272 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 64222 79682 23998 23998 191900 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 21731308 347648 3208262 86470 80750 25119998 18935863 988640 2205152 96932 301415 21731308 22730302 173359 -3622021 178430 167347 18935863 0.24900 0.75100 0.00000 false false 10012709 233763445 59034102 184742052 0 25946313 16711167 9235146 193977198 MULTI-STRATEGY HEDGE FUNDS 77605201 F REAL ESTATE FUNDS 2288755 F PRIVATE EQUITY FUNDS 33403545 F 113297501 DEPOSITS WITH BOND TRUSTEES 11961678 FUNDS HELD IN TRUST 1814936 OTHER RECEIVABLES 1683967 LONG-TERM LEASE RECEIVABLE 7937397 RESTRICTED CASH-LOAN PROGRAMS 1919157 25317135 0 GOVT ADVANCES - STUDENT LOANS 7249957 NON-CURRENT PENSION LIABILITY 328866 7578823 162285674 111823824 50461850 22343992 0 0 0 0 22343992 72805842 184629666 22343992 0 0 0 22343992 162285674 162285674 111823824 0 0 0 0 0 111823824 0 0 0 111823824 PART V, LINE 4: ENDOWMENT FUNDS ARE PERPETUALLY INVESTED AND ADMINISTERED IN ACCORDANCE WITH DONOR RESTRICTION OR BOARD DESIGNATION. EARNINGS APPROPRIATED FROM ENDOWMENT ARE DESIGNATED AND USED FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: FIN48 DISCLOSURES WERE NOT APPLICABLE REGARDING UNCERTAIN TAX POSITIONS. NO SUCH LIABILITY OR REQUIRED DISCLOSURES FOR THE REPORTING YEAR. true true true true true true true false false false false false false false false false false true PART 1, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY APPEARS ON ALL APPLICATION FORMS FOR ADMISSION AND EMPLOYMENT. THE COLLEGE COMPLIES WITH FEDERAL AND STATE REGULATIONS REGARDING NON-DISCRIMINATION. GOLF EVENT 49035 26194 22841 22841 0 49035 26194 22841 22841 22841 0 true STUDENT SCHOLARSHIPS 3055 0 17497313 SCHOLARSHIP AWARDS TUITION DISCOUNTS PART III, LINE 1 THE COLLEGE'S STUDENT SCHOLARSHIPS (GRANTS) ARE NON-CASH TUITION DISCOUNTS APPLIED DIRECTLY TO STUDENT ACCOUNTS AND CANNOT BE DIVERTED FROM INTENDED USES. THE NUMBER OF RECIPIENTS REPORTED ABOVE WAS COMPILED FROM SCHOLARSHIP DISBURSEMENT RECORDS FOR THE REPORTED FISCAL YEAR. The School's financial Aid office monitors all recipients of scholarship awards to determine both initial and continuing eligibility based upon the criteria for each type of award. Various criteria may include, but is not limited to, academic performance, financial need, or other criteria established by the funding source. X X X true true X X X X X X true true false false false false false true false CHARLES F MONAHAN JR 600600 0 300000 0 15704 0 191293 0 40089 0 1147686 0 0 0 RICHARD J LESSARD 462275 0 240000 0 112396 0 35600 0 39907 0 890178 0 0 0 MICHELLE KALIS 0 0 0 0 436276 0 0 0 16620 0 452896 0 0 0 MARGUERITE JOHNSON 237000 0 125000 0 203 0 0 0 23913 0 386116 0 0 0 GEORGE HUMPHREY 261333 0 75000 0 203 0 0 0 31507 0 368043 0 0 0 ROBERT W HOLMES 251000 0 50000 0 9301 0 0 0 39409 0 349710 0 0 0 DENNIS LYONS 233500 0 0 0 203 0 0 0 23616 0 257319 0 0 0 DEBORAH O'MALLEY 164250 0 50000 0 203 0 0 0 16044 0 230497 0 0 0 THOMAS SCANLON 231500 0 25000 0 203 0 0 0 38252 0 294955 0 0 0 KEITH A BELLUCCI 191500 0 50000 0 203 0 0 0 34199 0 275902 0 0 0 DOUGLAS PISANO 238268 0 0 0 203 0 0 0 38938 0 277409 0 0 0 MICHAEL MALLOY 202883 0 0 0 203 0 0 0 35352 0 238438 0 0 0 CARRIE GLASS 161250 0 10000 0 203 0 0 0 31134 0 202587 0 0 0 MARY LILLY 151000 0 15000 0 203 0 0 0 30095 0 196298 0 0 0 KATHLEEN RYAN 149000 0 15000 0 203 0 0 0 20659 0 184862 0 0 0 DAVID TANNER 202100 0 0 0 203 0 0 0 35273 0 237576 0 0 0 RUTH COURIS 187256 0 0 0 203 0 0 0 18077 0 205536 0 0 0 KEVIN MCGOVERN 183750 0 0 0 203 0 0 0 16529 0 200482 0 0 0 TIMOTHY MAHER 168348 0 0 0 203 0 0 0 31361 0 199912 0 0 0 CAROLINE ZEIND 168129 0 0 0 203 0 0 0 30030 0 198362 0 0 0 PART I, LINE 1A: RESIDENCE FOR PERSONAL USE THE PRESIDENT OF THE COLLEGE PERIODICALLY STAYS OVERNIGHT IN COLLEGE OWNED FACILITIES. THE FAIR MARKET RENT VALUE OF THESE LODGING ACCOMMODATIONS ARE REPORTED ANNUALLY IN THE PRESIDENT'S FORM W-2 AS A TAXABLE FRINGE BENEFIT, AND HAVE BEEN INCLUDED IN COLUMN B (III) OF SCHEDULE J AS OTHER REPORTABLE COMPENSATION. SOCIAL CLUB DUES THE COLLEGE PROVIDES FOR THE ANNUAL COST OF MEMBERSHIP DUES IN TWO SOCIAL CLUBS FOR ITS PRESIDENT, LOCAL TO CAMPUS. THE FULL AMOUNT OF DUES PAID IS REPORTED ANNUALLY ON THE PRESIDENT'S FORM W-2 ANNUAL WAGE AND TAX STATEMENT AS A TAXABLE FRINGE BENEFIT PURSUANT TO INTERNAL REVENUE CODE SECTION 274(A)(3). THE USE OF THE CLUBS IS PRIMARILY FOR THE PURPOSES OF BUSINESS MEETINGS AND COMMUNITY INVOLVEMENT FURTHERING THE INTERESTS OF THE COLLEGE. USE OF THE CLUBS IS DOCUMENTED AND ANY COSTS FOR PERSONAL MEALS OR USE ARE PAID BY THE PRESIDENT PERSONALLY WHEN INCURRED. PART I, LINE 4A: ONE FORMER OFFICER, WHOSE EMPLOYMENT TERMINATED DURING THE PRIOR FISCAL YEAR, RECEIVED SEVERANCE COMPENSATION AS FOLLOWS: $436,276. AMOUNTS WERE REPORTED IN PART VII, SECTION A, LINE 1A AS REQUIRED. PART I, LINE 4B: DURING THE YEAR, THE COLLEGE'S PRESIDENT AND EXECUTIVE VICE PRESIDENT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE PAID DURING THE YEAR. PART I, LINE 7 SEVERAL OFFICERS AND KEY EMPLOYEES RECEIVED NON-FIXED, NON-CONTRACTUAL PAYMENTS REPRESENTING PERFORMANCE PAYMENTS DETERMINED ON A DISCRETIONARY BASIS RESULTING FORM ANNUAL PERFORMANCE APPRAISAL AND COMPENSATION REVIEW. PART I, LINE 1A THE COLLEGE'S EXECUTIVE VICE PRESIDENT RECEIVED A TUITION REMISSION BENEFIT THAT PROVIDES FOR PAYMENT ON A GROSS-UP BASIS FOR TAX PURPOSES. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583F7G0 2005-02-03 53408068 RENOVATE AND EQUIP FACILITY false false false MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RTA3 2007-10-03 56859248 CONSTRUCT AND EQUIP FACILITY false false false 5675000 0 53602740 3258951 0 0 725267 930779 0 19399931 0 0 2006 true true true true 3230000 0 57655910 3767908 0 28905184 677535 558300 0 24023827 0 0 2009 false true true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false true WACHOVIA BANK 15. true false false false false false false false false PART II, LINE 3 TOTAL PROCEEDS OF A AND B INCLUDE CONSTRUCTION PERIOD INVESTMENT EARNINGS OF $194,672 AND $796,662 RESPECTIVELY. GERARD D'AMICO OFFICER IN-LAW 72000 CONSULTANT false PART IV, LINE 1 GERARD D'AMICO WAS A CONSULTANT TO THE COLLEGE DURING THE REPORTING YEAR. RELATIONSHIP TO OFFICER FULLY DISCLOSED TO BOARD OF DIRECTORS, ARRANGEMENT AND COMPENSATION UNANIMOUSLY APPROVED BY BOARD. X 16 467357 FMV ON GIFT DATE 0 false true false FORM 990, PART VI, SECTION A, LINE 6: THE COLLEGE IS A NON-STOCK CORPORATION WITH ONE CLASS OF CORPORATION MEMBERS WHOSE RESPONSIBILITY IS TO ELECT MEMBERS OF THE BOARD OF TRUSTEES (THE "BOARD"), THE COLLEGE'S GOVERNING BODY. MEMBERS DO NOT APPROVE SIGNIFICANT DECISIONS OF THE BOARD. MEMBERS DO NOT RECEIVE ANY SHARE OF THE ORGANIZATION'S PROFITS OR ANY SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A: SEE EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 6 ABOVE. FORM 990, PART VI, SECTION B, LINE 11: A COPY OF THE COLLEGE'S COMPLETED FORM 990 IS DISTRIBUTED TO ALL TRUSTEES PRIOR TO FILING. THE FORM 990 IS ALSO REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHOSE MEMBERS SUBSTANTIALLY REPRESENT THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THIS REVIEW PROVIDES FOR DETAILED OVERSIGHT AMONG INDIVIDUALS GOVERNING COLLEGE FINANCES AND OFFICER COMPENSATION. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS AND TRUSTEES ARE REQUIRED ANNUALLY TO COMPLETE A STATEMENT DISCLOSING ALL BUSINESS AND FAMILY RELATIONSHIPS THAT COULD CREATE A CONFLICT OF INTEREST WITHIN THE COLLEGE. ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE TRUSTEES INDEPENDENT OF THE PERSON CONCERNED, AND RESOLUTIONS ARE VOTED PRESERVING THE COLLEGE'S INTERESTS WHILE THE PERSON WITH THE POTENTIAL OR ACTUAL CONFLICT IS RECUSED. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION OF THE COLLEGE'S PRESIDENT AND CERTAIN VICE PRESIDENTS IS REVIEWED AND AUTHORIZED BY THE COMPENSATION COMMITTEE, WHOSE MEMBERS ARE INDEPENDENT TRUSTEES ALSO SERVING ON THE COLLEGE'S FINANCE COMMITTEE. NO PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS SERVE ON THE COMMITTEE. A COMPENSATION CONSULTANT PROVIDES THE GROUP WITH DATA AND RECOMMENDATIONS INCLUDING COMPARABLE COMPENSATION FOR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS. COMMITTEE MINUTES, DECISIONS, AND COMPENSATION ARRANGEMENTS ARE ALL CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION COMMITTEE LAST COMPLETED THEIR OFFICER COMPENSATION REVIEW PROCESS IN FISCAL YEAR ENDED JUNE 30, 2011. FORM 990, PART VI, SECTION C, LINE 19: THE COLLEGE'S GOVERNING DOCUMENT IS ITS CORPORATE CHARTER ENACTED BY MASSACHUSETTS LEGISLATURE, A COPY OF WHICH IS PROVIDED UPON REQUEST AND IS ALSO PUBLICLY AVAILABLE AT THE OFFICE OF THE SECRETARY OF MASSACHUSETTS. THE COLLEGE'S CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES IS PART OF THE COLLEGE'S BY-LAWS AND IS AVAILABLE UPON REQUEST. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICE OF THE ATTORNEY GENERAL OF MASSACHUSETTS, AS FILED ANNUALLY WITH MASSACHUSETTS FORM PC - REPORT OF PUBLIC CHARITIES. AUDITED FINANCIAL STATEMENTS ARE ALSO PROVIDED ON REQUEST. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS: NET UNREALIZED GAINS ON INVESTMENTS $22,343,992 LONGWOOD PHARMACEUTICAL RESEARCH INC 179 LONGWOOD AVENUE BOSTON MA 02115 042797812 PHARM RESEARCH MA MCPAHS C CORP 0 98290 1.00000 LONGWOOD PHARMACOLOGY RESEARCH INC 179 LONGWOOD AVENUE BOSTON MA 02115 043536683 PHARM RESEARCH MA MCPAHS C CORP 0 86 1.00000 UNIVERSAL SYMBOLS INC 179 LONGWOOD AVENUE BOSTON MA 02115 043406878 MEDICINE SYMBOLS MA MCPAHS C CORP 0 167386 1.00000 false false false false false false false false false false false false false false false false false false