2011-02-10T16:04:43-06:00 2010-06-30 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2009-07-01 042104300 HEBREW COLLEGE HEBR 6175598600 160 HERRICK ROAD NEWTON MA 02459 RABBI DANIEL LEHMANN 6175598600 2011-02-03 1 DANA MARKS 5083669100 2009 2016-02-24 21:20:13Z Rabbi Daniel Lehmann 160 HERRICK ROAD NEWTON MA 02459 11582780 0 X www.hebrewcollege.edu X 1927 MA HEBREW COLLEGE PROMOTES EXCELLENCE IN JEWISH LEARNING AND LEADERSHIP WITHIN A PLURALISTIC ENVIRONMENT OF OPEN INQUIRY, INTELLECTUAL RIGOR, PERSONAL ENGAGEMENT AND SPIRITUAL CREATIVITY. THE COLLEGE EMPOWERS AND INSPIRES INDIVIDUALS TO CONTRIBUTE THEIR VOICES AND VISION TO THE JEWISH COMMUNITY AND TO BRING JEWISH VALUES TO BEAR ON THE CRITICAL ISSUES OF OUR TIME.THE COLLEGE IS DEDICATED TO BUILDING BRIDGES BETWEEN THE ACADEMY AND THE COMMUNITY, OFFERS DIVERSE EDUCATIONAL AND CULTURAL PROGRAMS FOR YOUTHS, ADULTS AND JEWISH PROFESSIONALS, AND SEEKS TO INVIGORATE JEWISH LIFE THROUGH THE CORE VALUES OF A LOVE OF LEARNING, EMBRACING COMMUNAL RESPOnsibility, engaging diversity, and fostering jewish creativity. 20 19 456 0 0 0 4862793 4242069 6368793 5802296 182196 104292 245923 28350 11659705 10177007 1073747 750717 0 9428094 8365302 0 479458 6627427 4046261 17129268 13162280 -5469563 -2985273 33860823 30204286 36208568 34121175 -2347745 -3916889 See Part I, Line 1 0 0 9315509 750717 5630770 Instruction: Knowledge generation and the delivery of education to undergraduate, graduate, youth education and adult education students in daytime, evening and weekend programs in three areas, Hebrew College Academic Programs, Youth Education and Adult Education. 340103 0 7212 Academic Services: Providing services for College student recruitment, student records and administration for the Academic programs. 363801 0 62945 Student Services: Operating the library and information technology for the Academic programs. 32887 1369 Other: The College provides accounting services for entities located within the campus such as a Camp, Historical Society and an Institute. Funds are reimbursed to the college by these organizations. 32887 1369 10052300 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 440 0 456 1 0 0 0 0 0 0 0 0 0 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X LEON ZAIMES CPA 6175598782 160 HERRICK ROAD NEWTON MA 02459 David Begelfer 1.00 X 0 0 0 jack A eiferman 1.00 X 0 0 0 ronald feinstein 1.00 X X 0 0 0 GEORGE KRUPP 1.00 X 0 0 0 BETH MOSKOWITZ 1.00 X 0 0 0 HOWARD RUBIN 1.00 X 0 0 0 JAMES SOKOLOVE 1.00 X 0 0 0 Daniel Lehmann 40.00 X X 240292 0 97195 Barbara Karas 1.00 X 0 0 0 Susan Ain 1.00 X X 0 0 0 CAROL GOLDBERg 1.00 X 0 0 0 Harold Kotler 1.00 X 0 0 0 Suzanne Offit 1.00 X 0 0 0 Terry Rosenberg 1.00 X 0 0 0 Steven G Segal 1.00 X X 0 0 0 Heather Zacker 1.00 X 0 0 0 betty brudnick 1.00 X 0 0 0 mickey cail 1.00 X 0 0 0 teddy cutler 1.00 X 0 0 0 theodore teplow 1.00 X 0 0 0 Michael Gilbert 40.00 X 136376 0 9882 David Starr 40.00 X 123991 0 6889 Hilla Kobliner 40.00 X 123237 0 6821 moshe margolin 40.00 X 106765 0 17217 David Gordis 40.00 X 181210 0 6451 911871 0 144455 6 1 1 0 Accounting Management Solutions Inc 800 South Street suite 95 Waltham MA 02453 Accounting/Management 634407 Mintz Levin Cohn Ferris Glovsky & Po One Financial Center Boston MA 02111 Legal 281316 Casner & Edwards LLP 303 Congress Street Boston MA 02210 Legal Services 209462 3 4242069 4242069 Tuition and fees 900099 5390415 5390415 Auxiliary enterprises 900099 411881 411881 5802296 57091 57091 1452974 1405773 47201 47201 47201 Gain on sale of books 900099 28350 28350 28350 10177007 5802296 0 132642 750717 750717 327945 17757 310188 7184759 5963300 914610 306849 351794 271697 63262 16835 500804 401243 82334 17227 305777 24108 281669 85185 85185 368423 157130 187545 23748 23933 16048 7517 368 360123 181520 154741 23862 18540 18540 470439 137353 333086 233676 226690 5914 1072 313980 308483 5497 474185 353930 102596 17659 793618 793618 25632 25632 Special Programs & Even 269980 217615 14730 37635 Miscellanous 181468 133237 15603 32628 Repairs & maintenance 57460 48423 8862 175 Training 21760 15765 5995 0 Dues & Subscriptions 19042 4576 13066 1400 23040 10550 12490 13162280 10052300 2630522 479458 785669 349818 100000 3281351 1513197 167337 94710 59507 98871 28377708 8486052 20614194 19891656 132497 121386 3284913 2812904 5535355 5221744 33860823 30204286 1179185 730331 660675 671562 32100000 32000000 378596 351777 1890112 367505 36208568 34121175 X -11434465 -11858322 1355304 410903 7731416 7530530 -2347745 -3916889 33860823 30204286 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 6684549 -159194 420066 208221 6737200 8507181 -654467 -828165 340000 6684549 0 0 2283974 2283974 20677032 4541740 16135292 70685 20559 50126 2981641 2899188 82453 2364376 1024565 1339811 19891656 pooled investment fund 2812904 F 2812904 Debt Service Reserve Fund 3250152 Debt Service funds 241481 Bond Issuance Costs, net 1323895 Restricted cash 406216 5221744 Annuity payable 367505 367505 10177007 13162280 -2985273 379625 1036504 1416129 -1569144 11593136 379625 1036504 1416129 10177007 0 10177007 13162280 0 13162280 0 13162280 Part III, Line 1a: The College does not capitalize collections, which have been acquired through purchase or donation. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired. Part III, Line 4: The library has a number of valuable artifacts including rare texts, sculptures, scrolls and other religious artifacts which have been donated to the College over a period of many years. The College is also in possession of a collection of rare coins. These collections further the exempt purpose of the College because they are Jewish cultural artifacts being preserved for future generations and being used for the purposes of Jewish learning. Part V, Line 4: Description of Intended Use of Endowment Funds: a portion of the endowment investment return is used to help support the operations of the school, under an investment spending policy voted on by the Board of Trustees. Part V, line 1b: The Contributions line includes $(283,347)of transfers from endowment to unrestricted net assets for prior year endowment contributions that were redesignated by the donors during the year. it also includes a $250,000 transfer from unrestricted net assets to endowment for a prior year contribution whose purpose was clarified in fiscal year 2010. in addition, the contributions line also includes $(155,000) for a change in allowance for doubtful accounts on endowment pledges (see also Parts XI and XII). Part XI, Line 8 - Other Adjustments: unrealized loss on carrying value of interest rate swap contract: -369346. Cancellation of temporarily restricted pledges: -255180. change in allowance for doubtful accounts on permanently restricted pledges: -155000. FORGIVENESS OF DEBT: 1816030. Part XII, Line 2d - Other Adjustments: Unrealized loss on carrying value of interest rate swap contract: -369346. canCellation of temporarily restricted pledges : -255180. change in allowance for doubtful accounts on permanently restricted pledges: -155000. FORGIVENESS OF DEBT: 1816030. 1 1 1 The student materials, recruiting materials, web site, and employee handbook all have the required policy information disclosed. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 HEBREW COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS; FEDERAL FAMILY EDUCATION LOANS AND FEDERAL PELL GRANT PROGRAM. NO FUNDS HAVE BEEN REVOKED OR SUSPENDED AS OF YEAR END. 1 1 Various grants and scholarships to Hebrew College students 204 750717 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The College complies with the U.S. Department of Education policy regarding Title IV funds. The College has dedicated individuals perform the work outlined in the scope of the grant who work to ensure proper stewardship of funds. These individuals follow the statutory and regulatory requirements set forth in the grant. Funds are drawn after expenses are incurred. Progress reports are submitted in compliance with the grant requirements and appropriate documentation is maintained. X 1 0 X X X 0 1 0 0 0 0 0 0 0 Daniel Lehmann 240292 0 0 0 0 0 32000 0 65195 0 337487 0 0 0 David Gordis 181210 0 0 0 0 0 0 0 6451 0 187661 0 0 0 Part I, Line 4a Pursuant to President Rabbi Lehmann's employment agreement, the College has set up a deferred compensation plan under section 457 of the Internal Revenue Code and accrued a contribution of $51,750 to this plan as of 6/30/10. $29,500 OF THIS CONTRIBUTION RELATES TO FISCAL YEAR 2010. Contributions to this plan vest at various times through June, 2013, as long as the employee remains employed at the College. Supplemental Information Part III Schedule J: Part I - Line 2 - The housing allowance is a parsonage allowance, the amount of which is negotiated as part of the President's contract. Form 990, Part VI, Section B, line 11 The form 990 is formally approved by the Finance Committee and then made available to the Board of Directors. Form 990, Part VI, Section B, line 12c The college requires sign off of the conflict of interest policy. This is how compliance is monitored. Form 990, Part VI, Section B, line 15a The president's salary is determined by the Board using comparability data, such as 990's of other organizations. The Board regularly evaluates the President's performance. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policies and the financial statements of the college are available through public websites and upon request. Form 990, Part XI, LINE 2C The board of directors is responsible for oversight of the audit. This process has not changed from the prior year.