2011-04-14T11:42:11-07:00 2010-05-31 990 2009-06-01 042111203 CLARK UNIVERSITY CLAR 5087937499 950 Main Street Worcester MA 01610 James Collins 5087937443 2011-04-14 2009 2016-02-24 21:20:13Z David P Angel 950 Main Street Worcester MA 01610 166063980 0 X www.clarku.edu X 1887 MA Clark University's mission is to educate undergraduate and graduate students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. ...Clark fosters a commitment to excellence in studying traditional academic disciplines as well as innovation in exploring questions that cross disciplinary boundaries. The focus of Clark's academic program is a liberal-arts education...growth of students is enhanced by a wide variety of educational programs and extracurricular activities. Clark's academic community has long been distringuished by the pursuit of scientify inquiry and humanistic studies..."the University maintains a national and international character, attracting high-caliber students and faculty...To veiw the University's Mission Statement in its entirety, please visit: www.clarku.edu/offices/aac/ada/missin.cfm" 29 28 2599 975 69406 0 15584661 28028872 113593078 113847867 -2993312 7852518 375670 250334 126560097 149979591 44731413 45306375 0 0 55568817 56906458 120092 24093 4791898 35523651 38004698 135943973 140241624 -9383876 9737967 400987520 453950353 117155442 116079075 283832078 337871278 Clark University's mission is to educate undergraduate and graduate students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. ...Clark fosters a commitment to excellence in studying traditional academic disciplines, as well as innovation in exploring questions that cross disciplinary boundaries. The focus of Clark's academic program is a liberal-arts education... ...growth of students is enhanced by a wide variety of educational programs and extracurricular activities. Clark's academic community has long been distinguished by the pursuit of scientific inquiry and humanistic studies... "The University maintains a national and international character, attracting high-caliber students and faculty... To view the University's Mission Statement in its entirety, please visit: www.clarku.edu/offices/aac/ada/mission.cfm" 0 0 50206436 0 99487098 Instruction and academic support, with program expenditures of $50,206,436 Clark educates in excess of 3400 students, of which about 2200 are traditional undergraduates. Our motto, and mission, are "Challenge Convention; Change Our World", and our faculty works to inspire their students to utilize their liberal arts based education to make a real difference in the communities in which they live and work. Clark is very selective, admitting 69% of all applicants, and has very high retention and graduation rates. We also have strong graduate programs, which include masters' level degrees and nine PhD programs. 8726430 816655 7392477 Research, with program expenditures of $8,726,430 and revenues from grants and contracts of $7,372,477. Clark is committed to a program of research and has a very professionally active faculty, virtually all of whom are engaged in sponsored or unsponsored research and creative activity. 44787928 518447 0 Financial Aid, with expenditures/income offsets of $44,787,928 Clark is committed to being affordable to those students able to meet the high academic expectations of our faculty. Over 85% of all students receive some level of financial assistance, which is distributed on the basis of both merit and financial need. 11542778 12529000 Auxiliary Services includes providing high quality residence halls, food service, book store, and telecommunications services to Clark students. There are program expenditures of $11,542,788 and offsetting revenue of $12,529,000 9487518 0 0 Student Services program supports an environment for the students that encourages them to become active, involved and responsible citizens in the global communities. Resources are expended to provide support of the students in achieving their non-academic goals and providing a balance and healthy social environment. 2587283 0 0 Other varied program services are provided to the students and faculty to enhance their overall educational experience 23617579 0 12529000 127338373 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 6676 0 1 2599 1 1 1 1 LU 0 0 0 0 0 0 0 29 28 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X James E Collins 5087937443 950 Main Street Worcester MA 01610 Fred S Anton 2.0 X 0 0 0 Chandler Bailey 2.0 X 0 0 0 Marla Byrnes 2.0 X 0 0 0 David Chaifetz 2.0 X 0 0 0 Dimitry Anselme 2.0 X 0 0 0 Janice Culpepper 2.0 X 0 0 0 Korn Dabbaransi 2.0 X 0 0 0 Dennis M Dimitri 2.0 X 0 0 0 George D DiRado 2.0 X 0 0 0 Catherine Dunham 2.0 X 0 0 0 Barbara Dyer 2.0 X 0 0 0 Peter D Eleftherakis 2.0 X 0 0 0 Mark Fishman 2.0 X 0 0 0 Chris Gabrieli 2.0 X 0 0 0 Ross D Gillman 2.0 X 0 0 0 Lois Green 2.0 X 0 0 0 James H Harrington 2.0 X 0 0 0 Lawrence S Hershoff 2.0 X 0 0 0 Gladstone Hutchinson 2.0 X 0 0 0 John Jeppson 2.0 X 0 0 0 Peter D Klein 2.0 X 0 0 0 Lawrence L Landry 2.0 X 0 0 0 Michael Leffell 2.0 X 0 0 0 William S Mosakowski 20.0 X 0 0 0 Jackalyne Pfannenstiel 2.0 X 0 0 0 Perry Pero 2.0 X 0 0 0 Gary S Roboff 2.0 X 0 0 0 Linda Savitsky 2.0 X 0 0 0 Jeffrey Siegal 2.0 X 0 0 0 Robert Stevenish 2.0 X 0 0 0 Robert Stevenish Junior 2.0 X 0 0 0 David Strassler 2.0 X 0 0 0 Sumner B Tilton 2.0 X 0 0 0 Steven Swain 2.0 X 0 0 0 John Bassett 40 X X 336290 0 31686 Katherine Cannon 40 X 114670 0 19734 James Collins 30 X X 160773 0 37183 John Foley 40 X X 138735 0 13760 David Angel 40 X 183374 0 47839 Andrew McGadney 40 X 227902 0 51195 Andrea Michaels 40 X 155410 0 32657 Paula David 40 X 213328 0 31630 Pennie Turgeon 40 X 159586 0 20986 Edward Ottensmeyer 40 X 182011 0 38602 Deborah Dwork 40 X 156014 0 58286 Ronald Eastman 40 X 160452 0 55773 William Fisher 40 X 167085 0 17049 Fern Johnson 40 X 147385 0 51144 2503015 0 507524 62 0 1 0 Sodexo Inc North America Corp Headquarters 9801 Washingtonian Boulevard Gaithersburg MD 20878 Food service management 4041777 Baupost The Baupost Group LLC 10 St James Avenue Suite 1700 Boston MA 02116 Investment management 2515050 Cutler Associates Incorporated 43 Harvard Street PO Box 15049 Worcester MA 016150049 Construction management 1137021 Umass Memorial Med Community 108 Belmont Street Worcester MA 016052937 Healthcare provider 431679 Workplace Resource LTD 162 Prescott Street Worcester MA 016052627 Interior design and furnishing 349535 17 0 0 0 0 4793411 23235461 13506320 28028872 Tuition and fees 900099 99487099 99487099 0 0 Geographic software 443120 809079 809079 0 0 Auxilary 900099 12141129 0 0 12141129 Student Loan 611600 216419 216419 0 0 1194141 277088 0 917053 113847867 5997760 0 0 5997760 0 0 0 0 153749 153749 0 0 387871 0 291286 0 96585 0 96585 0 0 96585 2190417 15457444 440013 15353090 1750404 104354 1854758 0 69406 1785352 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 149979591 100943434 69406 20937879 507267 507267 44595860 44595860 203248 203248 1903209 391188 1241233 270788 44252717 35717436 6747573 1787708 3265175 2684992 445795 134388 4511056 3647604 680884 182568 2974301 2400630 453516 120155 474387 10768 443560 20059 49051 10382 38669 0 151489 1300 150189 0 48000 24000 24000 24093 24093 4497075 0 4497075 0 2256904 1747808 366161 142935 422554 364593 51608 6353 5675377 3689548 1494325 491504 1124258 1024274 39070 60914 0 0 0 0 3390815 469127 2921147 541 1914619 1655368 104134 155117 0 0 0 0 1357167 1070357 67458 219352 1718481 1584706 131343 2432 0 0 0 0 6729284 5912480 721854 94950 369511 0 364831 4680 Study Abroad 1775027 1775027 0 0 Food service-auxilary 3336018 3336018 0 0 Library acquisitions 1537326 1537326 0 0 Misc. 1108054 5480215 -4479760 107599 Allocations -44286 7478179 -8439227 916762 113587 42672 45915 25000 140241624 127338373 8111353 4791898 742156 408973 19427366 33113502 8118174 6114719 681449 590470 0 0 0 0 643619 124115 569472 609892 1135877 1026212 194984457 76469689 122481159 118514768 40740284 25573009 198536255 260502739 7174150 6489761 0 0 737559 882193 400987520 453950353 11336255 12325994 0 0 9133833 8723951 83251877 81299945 0 0 0 0 0 0 144625 100125 13288852 13629060 117155442 116079075 X 77381190 89101777 101622464 126763348 104828424 122006153 283832078 337871278 400987520 453950353 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 36000 0 0 36000 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Gerard D'Amico works with the University to make us aware of federal and state programs, the funding from which is able to be of assistance to Clark's programs. 0 0 X X X 0 214649752 17220794 45363929 4387849 7946652 1297244 263602730 290401100 2275475 -64998855 4292563 7552362 1183043 214649752 0.12 0.88 0 1 0 0 7023308 7023308 0 173636007 70247598 103388409 0 85931 44654 41277 0 11749262 6177437 5571825 0 2489949 0 2489949 118514768 0 0 Other 394652 F Partnerships/alternative investments 260108087 F 260502739 Student loan program assets 6489761 C 6489761 Beneficial interest in outside trusts 882193 882193 Conditional Asset Retir. Obligation 1100045 Federal debt rebate liability 11990 Perkins federal liability contra 5535721 Annuities payable 6981304 13629060 149979591 140241624 9737967 44301233 0 0 0 0 44301233 54039200 145881678 44301233 0 0 -48690432 -4389199 150270877 0 -291286 -291286 149979591 91842478 0 0 0 291286 291286 91551192 4497075 44193357 48690432 140241624 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The University houses works of art, historical treasures, literary works and artifacts. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. They are neither disposed of for financial gain nor encumbered in any manner. Accordingly, such collections are not recorded or capitalized for financial statement purposes. SchD_P03_S00_L04 Schedule D, Part III, Line 4 Clark University has art and book collections that are used by students and faculty to enhance curriculum. On occasion, these works have been accessed for scholarly research. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The University has adopted an endowment investment philosophy, which combined with the spending rate, attempts to provide a predictable stream of returns thereby making funds available to programs that are supported by its endowment, while at the same time seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the organization must hold in perpetuity or for donor-specified periods, as well as, board-designated funds. Under the University's Investment Policy and spending rate, both of which are approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to produce an inflation adjusted return in excess of the spending rate over a long period of time. The use of the distribution is for mission related activities including student scholarships, library acquisitions, research, academic support, student loans, and instruction. SchD_P10_S00_L00 Schedule D, Part X The University is a not-for-profit organization that is generally exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code except for certain unrelated business activities. Accordingly, no provision for income taxes related to tax exempt activities is recorded in the financial statements. With respect to unrelated business activities, the University recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for temporary differences between the accounting bases and the tax bases of the University's assets and liabilities at enacted tax rates expected to be in effect when the amounts related to such temporary differences are realized or settled. Deferred tax expense or benefit is the result of changes in deferred tax assets and liabilities. A valuation allowance is recorded against deferred tax assets for the portion of the asset that management believes is more likely than not to be realized. As of May 31, 2010 and 2009 the University had net operating loss carry-forwards of approximately $941,000 resulting from certain investment activity that is considered unrelated business activity. The net operating losses begin to expire in 2022. The University has gross deferred tax assets of $320,000 as of May 31, 2010 and 2009, arising from these net operating loss carry-forwards; there was a full valuation reserve against the deferred tax assets at May 31, 2010 and 2009. The University recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The University has applied this more-likely-than-not threshold to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of that date. In addition there have been no material changes in unrecognized benefits since adoption. It is the University's policy to record estimated interest and penalties (if any) as part of general and institutional expense. Management believes that the University's income tax returns for fiscal years ending May 31, 2006 and prior are no longer subject to examination by tax authorities in its major tax jurisdictions. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Reconciliation of revenue: Reclass tuition and fee discounts to expense: 44,193,357 Reclass investment manager fees to expense: 4,497,075 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Reclass of rental property expense to revenue: (291,286) SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Reclass of rental property expense to revenue: 291,286 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Reclass tuition and fee discounts to expense 44,193,357 1 1 1 Policy is printed in student handbooks,is available on the school website and is referenced in all print media. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 To provide financial assistance to our students, the University participates in the Title IV program for Campus Work Study, Supplemental Opportunity Grant, and the Perkins Loan programs. 1 1 Central America and the Caribbean 0 0 Grantmaking 14821 East Asia and the Pacific 0 0 Grantmaking 56914 Europe (including Iceland and Greenland) 0 0 Grantmaking 95540 South America 0 0 Grantmaking 12946 Sub-Saharan Africa 0 0 Grantmaking 11847 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 11180 Central America and the Caribbean 0 0 Program Services Student Recruitment 8500 Central America and the Caribbean 0 0 Program Services Athletics 3555 Central America and the Caribbean 0 0 Speaking at Seminars or Conferences 1116 Central America and the Caribbean 0 0 Program Services Instruction 1605 Central America and the Caribbean 0 0 Program Services Research 4807 East Asia and the Pacific 0 0 Program Services Admissions 8300 East Asia and the Pacific 0 0 Speaking at Seminars or Conferences 5914 East Asia and the Pacific 0 0 Program Services Program Development 9590 East Asia and the Pacific 0 0 Program Services Research 11022 Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 8700 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences 44440 Europe (including Iceland and Greenland) 0 0 Program Services Instruction 588254 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences 2050 Europe (including Iceland and Greenland) 0 0 Program Services Program Development 14595 Europe (including Iceland and Greenland) 0 0 Program Services Research 211181 Middle East and North Africa 0 0 Program Services Instruction 323708 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Admissions 1000 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences 14292 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Program Development 1715 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research 11132 South America 0 0 Program Services Student Recruitment 8500 South America 0 0 Speaking at Seminars or Conferences 3537 South America 0 0 Program Services Instruction 2042 South America 0 0 Program Services Research Grants 1929 Sub-Saharan Africa 0 0 Program Services Conferences 1602 Sub-Saharan Africa 0 0 Program Services Research 8163 Sub-Saharan Africa 0 0 Program Services Research Grants 13122 Russia and the newly independent States 0 0 Program Services Instruction 188519 Russia and the newly independent States 0 0 Program Services Research Grants 942 Central America and the Caribbean Investments 0 0 1707080 North America (including Canada and Mexico, but not the United States) Research 11180 Check 1 0 Scholarships Central America and the Caribbean 4 14821 Check Scholarships East Asia and the Pacific 16 56914 Check Scholarships Europe (including Iceland and Greenland) 29 95540 Check Scholarships South America 3 12946 Check Scholarships Sub-Saharan Africa 4 11847 Check SchF_P01_S00_L02 Schedule F, Part I, Line 2 Pre Award Subrecipient Monitoring Federal awards are identified by informing each subrecipient of CFDA title and number, award name and number, award year, and name of Federal agency. If any of this information is not available, the pass-through entity shall provide the best information available to describe the Federal award. The subrecipient is then advised of the requirements imposed on them by governing laws, regulations, and the provisions of contracts or grant agreements as well as any supplemental requirements imposed by the pass-through entity. The activities of the subrecipients are monitored as necessary to ensure that awards are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and that the performance goals are achieved. Assurance is ascertained that any subrecipient expending $500,000 or more in Federal awards during the subrecipient's fiscal year must meet the audit requirements of OMB A-133 for that fiscal year. A management decision on audit findings must be issued within six months after receipt of the subrecipient's audit report and ensure that the subrecipient takes appropriate and timely corrective action. A determination is made as to whether subrecipient audits necessitate adjustment of the pass-through entity's own records. Each subrecipient is required to permit the pass-through entity and auditors to have access to the records and financial statements as necessary for the pass-through entity to comply with this part. Post Award Subrecipient Monitoring The Principal Investigator (PI) is responsible for monitoring the activities of the subrecipient. The subrecipient should submit progress reports, technical reports and other deliverables to the PI by specified due dates. The PI is responsible for forwarding copies of the subrecipient's progress report and/or technical report(s) to the Office of Research and Sponsored Programs (ORSP). Subrecipient invoices submitted to the university must contain the following information: invoice must be on subcontractor's letterhead, date of invoice, invoice number, period of performance covered by the invoice, itemized description of services and backup documentation, current period costs, including cost sharing, cumulative project costs, including cost sharing, subrecipient contact person with respect to invoice, invoice must be signed by an authorized official of the subcontractor, invoice must contain a certification that all payments requested are for appropriate purposes and in accordance with the agreements set forth in the application and award documents. The PI is responsible for reviewing and approving invoices from subrecipient(s) for adherence to the budget. The signature of the PI or PD on the invoice indicates that the review has taken place and that the invoice adheres to budget. Grant Accounting will review the subrecipient's invoice(s) for the following: period of performance is within the contract period, appropriate invoice format and level of detail, signatures of the PI, certification of signature by authorized subrecipient representatives, funds are available in contract, and cost share documentation is provide, if applicable. Grant Accounting is responsible for ensuring that subrecipients that expend $500,000 or more of federal funds each fiscal year submit an A133 Audit Certification Letter. The following is required to closeout a subrecipient award: receipt of final invoice, receipt of cost share documentation, if applicable, time and effort certifications, final progress and technical reports, annual A133 certification letter. Grant Accounting is responsible for tracking payments made to individuals or organizations where payments are made when out of the US as required by the Schedules F and I - Form 990. Educational Assistance Educational assistance is awarded to students based on financial need and merit. Need based assistance is awarded after review of the student's FAFSA, tax returns, W-2 statements, and other relevant financial documents. Students are required to maintain satisfactory academic progress in order to continue to be eligible for need based assistance. Students' Grade Point Averages are reviewed each academic year to ensure satisfactory academic progress is achieved. Merit based educational assistance is awarded to students via Committee. Students who are awarded merit based assistance are required to maintain satisfactory academic progress in accordance with the terms of the assistance received. Need and merit based educational assistance are funded directly to the student's accounts receivable balance to offset tuition, fees, and room and board. Any resulting refunds are issued to the student via check and mailed to their campus address or home address, unless otherwise requested. Students are granted research award by their academic departments and work with faculty advisors who monitor the research performed by the student. X X X X X X 0 MA 1 Bridgewater State College 131 Summer Street Boyden Hall Bridgewater MA 02325 043010428 501(c)(3) 15404 0 Research Columbia University 615 W 131st Street 4th floor New York NY 10027 135598093 501(c)(3) 31990 0 Research International Center for Research 1120 20th Street NW Suite 500 North Washington DC 20036 521081455 501(c)(3) 73154 0 Research Louisiana State University Agricultural Center PO Box 25203 Baton Rouge LA 70803 726000848 501(c)(3) 76021 0 Research Regents of the University of Colorado Sponsored Projects Account Dept 220 Denver CO 80291 846000555 501(c)(3) 37041 0 Research University of Georgia Research Foundation Inc 475 North Lumpkin Road Athens GA 30602 581353149 501(c)(3) 55625 0 Research University of New Hampshire Service Building Room 109 Durham NH 03824 026000937 501(c)(3) 122855 0 Research University of Maryland Baltimore Co 1000 Hilltop Circle Baltimore MD 21250 526002033 501(c)(3) 44994 0 Research 8 0 Undergraduate scholarships 1835 31038544 0 Graduate scholarships 10 28500 0 Graduate remissions 763 11858439 0 Undergraduate remissions 86 550395 0 Graduate awards 216 529703 0 Undergraduate awards 231 290893 0 Post doctorate awards 1 11223 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Pre Award Subrecipient Monitoring: Federal awards are identified by informing each subrecipient of CFDA title and number, award name and number, award year, and name of Federal agency. If any of this information is not available, the pass-through entity shall provide the best information available to describe the Federal award. The subrecipient is then advised of the requirements imposed on them by governing laws, regulations, and the provisions of contracts or grant agreements as well as any supplemental requirements imposed by the pass-through entity. The activities of the subrecipients are monitored as necessary to ensure that awards are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and that the performance goals are achieved. Assurance is ascertained that any subrecipient expending $500,000 or more in Federal awards during the subrecipient's fiscal year must meet the audit requirements of OMB A-133 for that fiscal year. A management decision on audit findings must be issued within six months after receipt of the subrecipient's audit report and ensure that the subrecipient takes appropriate and timely corrective action. A determination is made as to whether subrecipient audits necessitate adjustment of the pass-through entity's own records. Each subrecipient is required to permit the pass-through entity and auditors to have access to the records and financial statements as necessary for the pass-through entity to comply with this part. Post Award Subrecipient Monitoring: The Principal Investigator (PI) is responsible for monitoring the activities of the subrecipient. The subrecipient should submit progress reports, technical reports and other deliverables to the PI by specified due dates. The PI is responsible for forwarding copies of the subrecipient's progress report and/or technical report(s) to the Office of Research and Sponsored Programs (ORSP). Subrecipient invoices submitted to the university must contain the following information: invoice must be on subcontractor's letterhead, date of invoice, invoice number, period of performance covered by the invoice, itemized description of services and backup documentation, current period costs, including cost sharing, cumulative project costs, including cost sharing, subrecipient contact person with respect to invoice, invoice must be signed by an authorized official of the subcontractor, invoice must contain a certification that all payments requested are for appropriate purposes and in accordance with the agreements set forth in the application and award documents. The PI is responsible for reviewing and approving invoices from subrecipient(s) for adherence to the budget. The signature of the PI or PD on the invoice indicates that the review has taken place and that the invoice adheres to budget. Grant Accounting will review the subrecipient's invoice(s) for the following: period of performance is within the contract period, appropriate invoice format and level of detail, signatures of the PI, certification of signature by authorized subrecipient representatives, funds are available in contract, and cost share documentation is provied, if applicable. Grant Accounting is responsible for ensuring that subrecipients that expend $500,000 or more of federal funds each fiscal year submit an A133 Audit Certification Letter. The following is required to closeout a subrecipient award: receipt of final invoice, receipt of cost share documentation, if applicable, time and effort certifications, final progress and technical reports, annual A133 certification letter. Grant Accounting is responible for tracking payments made to individuals or organizations where payments are made when out of the US as required by the Schedules F and I - Form 990. Educational Assistance: Educational assistance is awarded to students based on financial need and merit. Need based assistance is awarded after review of the student's FAFSA, tax returns, W-2 statements, and other relevant financial documents. Students are required to maintain satisfactory academic progress in order to continue to be eligible for need based assistance. Students' Grade Point Averages are reviewed each academic year to ensure satisfactory academic progress is achieved. Merit based educational assistance is awarded to students via Committee. Students who are awarded merit based assistance are required to maintain satisfactory academic progress in accordance with the terms of the assistance received. Need and merit based educational assistance are funded directly to the student's accounts receivable balance to offset tution, fees, and room and board. Any resulting refunds are issued to the student via check and mailed to their campus address or home address, unless otherwise requested. Students are granted research award by their academic departments and work with faculty advisors who monitor the research performed by the student. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 John Bassett 336290 0 0 0 0 0 24500 0 7979 0 368769 0 344499 David Angel 183374 0 0 0 0 0 19191 0 29109 0 231674 0 226889 0 James Collins 160773 0 0 0 0 0 15966 0 21600 0 198339 0 184983 0 Andrew McGadney 222375 0 0 0 5527 0 24500 0 27283 0 279685 0 257290 Andrea Michaels 155410 0 0 0 0 0 16070 0 16973 0 188453 0 184630 0 Pennie Turgeon 159586 0 0 0 0 0 16386 0 4993 0 180965 0 170055 0 Edward Ottensmeyer 182011 0 0 0 0 0 17962 0 21071 0 221044 0 208246 0 Deborah Dwork 156014 0 0 0 0 0 17006 0 41688 0 214708 0 202071 0 William Fisher 167085 0 0 0 0 0 16666 0 783 0 184534 0 168682 0 Ronald Eastman 160452 0 0 0 0 0 17314 0 38874 0 216640 0 191103 0 Fern Johnson 147385 0 0 0 0 0 14699 0 36798 0 198882 0 0 0 Paula David 213328 0 0 0 0 0 22088 0 10073 0 245489 0 0 0 John Foley 138735 0 0 0 0 0 13760 0 330 0 152825 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Kay Bassett, wife of President John Bassett, travels on bona fide business trips in her position as Special Assistant to the President. President John Bassett is required to live in a house owned by the University. No value was included in compensation. John Bassett, David Angel, Andrew McGadney,and Edward Ottensmeyer have memberships at the Worcester Club for the purpose of University related entertaining. Appropriate business expenses are paid by the University. MA Development Finance Agency 043431814 57583REQ4 2005-11-03 20000000 Refund MIFA96 (OID: 5/2/96) Construct & Equip Residence Hall 0 0 MA Development Finance Agency 043431814 57583RUU7 2008-04-07 50255000 Refund MDFA00 (OID 11/2/00) MDFA02A & 2B (OID 11/26/02) Construct & Equip Library 0 0 21548370 0 0 0 495497 0 17983638 2008 0 1 1 1 50334445 0 0 0 351970 0 10080875 2009 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0.0023 0 0.0023 1 1 0 0 0 0 0 1 1 0 0 0 0 Christopher Cannon Employee is son of K. Cannon, Officer 34795 compensation for position of mail and delivery assistant 0 Kay Bassett Employee is wife of President 51864 compensation for position of Special Assisitant to the President's office 0 Cathy Lasry Trustee and wife of Marc Lasry who has an ownership interest in excess of 5% in Avenue Capital 272322 Cathy Lasry is the wife of Marc Lasry who has an ownership interest in excess of 5% in Avenue Capital investment which serves as an investment manager for Clark. The investment transactions with Avenue for FY10 totaled $272,322 0 William S Mosakowski Trustee, substantial contributor, ownership interest in excess of 5% in Public Consulting Group 320000 Public Consulting Group purchases educational programs for Clark's Graduate School of Management for their employees. Mr. Mosakowski has an ownership interest in excess of 5%. 0 X 2 0 no value-Part II X 0 no value-Part II X 18 13437840 market value X 1 10000 partnership valuation 2 0 1 0 SchM_P01_S00_L33 Schedule M, Part I, Line 33 1. Art work: donor did not submit an independent appraisal. 4. Books and publications: The university does not capitalize library books per SFAS 116. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Two of our trustees, Robert Stevenish and Robert Stevenish Junior are father and son. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Audit Committee of the Board of Trustees was authorized and requested by the Board to review the Administration's draft responses to the form 990, and this was completed at the February 2011 meeting of the committee. There was another committee review of the completed form 990 in early April, and the Board has only authorized its submittal to the Internal Revenue Service with the approval of the Audit Committee. In addition, every member of the board will be offered the opportunity to receive a copy of the final 990 before submission. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each Trustee, senior administrator, and faculty member is required to complete annually a conflict of interest disclosure form. Faculty and administrative forms are reviewed by the Grants Office within the Office of Academic Affairs. Trustee disclosures are reviewed by the Assistant Secretary of the corporation and the Executive Vice President, who is also the Treasurer of the Board of Trustees. This year, the list of all disclosed potential conflicts was further reviewed by the Audit Committee of the Board, who approved the list of conflicts to be disclosed on the form 990, utilizing the instructions provided. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Vice President for Planning and Finance is asked by the Chairman of the Board of Trustees to provide comparable institution compensation data, and does so from a combination of publicly available forms 990, information disclosed in the Chronicle of Higher Education, and from salary surveys, including those available from the College and University Personnel Association (CUPA). This data is submitted directly without editing. The Board Chair discusses performance data, including a review of objectives achieved, with both the President and the Board of Trustees. The Board Chair makes a recommendation to the full Board, which approves the compensation level. Clark University in 2010 completed a search for its next President, and the entire contract was discussed with and approved by the Board of Trustees. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Clark University's governing documents, conflict of interest policy, and financial statements are all considered public documents. The governing documents, including the provisions of Jonas Clark's will, the by-laws of the University, and the Articles of Incorporation are available for public viewing in Goddard Library, and are also publicly available as a result of several public debt issuances through the Massachusetts Development Finance Agency (MDFA). Financial Statements are similarly available, and are also posted on the University's web site and through Guidestar. The conflict of interest policy is available upon request from the Board of Trustees office and the Office of Sponsored Programs and Research. The University required additional time to gather all necessary information in order to submit an accurate and complete Form 990.