LASELL UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- LASELL UNIVERSITY (EIN 04-2103585)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-11
- IRS object ID
- 201121319349301027
- Schema version
- 2009v1.7
- 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 C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-11T09:38:28-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ Tofias | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Massachusetts Avenue | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103585 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LASELL COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LASE | NameControl |
| Phone | 6172432101 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1844 COMMONWEALTH AVENUE | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 024662709 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michael J Hoyle Ph D | Name |
| Title | VP for Business & Finance | Title |
| Phone | 6172432100 | Phone |
| Date Signed | 2011-05-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH M GISO MST | Name |
| Phone | 6177610600 | Phone |
| Date Prepared | 2011-04-29 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Michael B Alexander | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1844 COMMONWEALTH AVENUE | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 024662709 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 60751306 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.lasell.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1851 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Lasell College integrates challenging coursework with practical experience in an environment that fosters lifelong intellectual exploration, active citizenship and social responsibility. Our students are given the opportunity to practice and prepare for the real world through a project-based and problem-based approach to teaching, through exposure to diverse cultures and peoples, through the development of critical skills such as writing and speaking in front of groups, and through confrontation with ethical and moral questions. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 932 | TotalNbrEmployees |
| Total Nbr Volunteers | 266 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1971763 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4382380 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 48281257 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 55111483 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 637296 | InvestmentIncomePriorYear |
| Investment Income Current Year | 616422 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 22524 | OtherRevenuePriorYear |
| Other Revenue Current Year | 58242 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 50912840 | TotalRevenuePriorYear |
| Total Revenue Current Year | 60168527 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13979250 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 17070143 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18432980 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 19920394 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 73101 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 73240 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1359327 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16315932 | OtherExpensePriorYear |
| Other Expenses Current Year | 18205799 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 48801263 | TotalExpensesPriorYear |
| Total Expenses Current Year | 55269576 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2111577 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4898951 | RevenuesLessExpensesCY |
| Total Assets BOY | 90731654 | TotalAssetsBOY |
| Total Assets EOY | 97013671 | TotalAssetsEOY |
| Total Liabilities BOY | 55126123 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 55810822 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 35605531 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 41202849 | NetAssetsOrFundBalancesEOY |
| Mission Description | Lasell College integrates challenging coursework with practical experience in an environment that fosters lifelong intellectual exploration, active citizenship and social responsibility. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 47471065 | Expense |
| Grants | 17070143 | Grants |
| Revenue | 53050813 | Revenue |
| Description | Lasell College is a comprehensive coeducational college which offers professionally oriented Bachelor's and Master's degree programs, including more than 25 academic majors.Our students are given the opportunity to practice and prepare for the real world through a project-based and problem-based approach to teaching, through exposure to diverse cultures and peoples, through the development of critical skills such as writing and speaking in front of groups, and through confrontation with ethical and moral questions.Lasell College is known for helping students make the connection between classroom lessons and real life through hands-on activities such as internships, practica, service learning, and meaningful projects. Connected learning at Lasell College involves students directly and actively in the fields they are learning. In all majors, students explore real issues, events, problems, and solutions. Lasell College faculty are committed to creatively integrating challenging coursework with practical experience in an environment that fosters lifelong intellectual exploration, active citizenship and social responsibiltiy.**Number of students in 2009-2010 school year: Fall 2009 semester: Undergraduate 1504 Full-time, 16 part-time; Graduate 31 full-time, 110 part-time. Spring 2010 semester: Undergraduate 1431 Full-time, 22 part-time; Graduate 37 full-time, 111 part-time. Our students represent 22 states and 13 foreign countries. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1087066 | Expense |
| Revenue | 1964549 | Revenue |
| Description | Provided management and educational services and leased land to Lasell Village, Inc., a tax-exempt affiliate, functions that are integral to the conduct of the exempt functions of Lasell Village, Inc. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 88409 | Expense |
| Revenue | 96120 | Revenue |
| Description | Provided facilities for other educational organizations to conduct educational programs and to provide housing to students. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 48646540 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | 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 | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 78 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 932 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| 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 | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Michael J Hoyle Ph D VP for Bus | NamePerson |
| Telephone Number | 6172432100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1844 commonwealth avenue | AddressLine1 |
| City | newton | City |
| State | MA | State |
| ZIP Code | 024662709 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Eric M Turner | ||||||||
| Chairman | 1.00 | X | 0 | 0 | 0 | |||
| RoseMary B Fuss | ||||||||
| Vice Chairman | 1.00 | X | 0 | 0 | 0 | |||
| Marisa L Mascaro | ||||||||
| Clerk | 1.00 | X | 0 | 0 | 0 | |||
| Susan Hass | ||||||||
| Treasurer | 1.00 | X | 0 | 0 | 0 | |||
| Erik J Stapper | ||||||||
| Past Chairman | 1.00 | X | 0 | 0 | 0 | |||
| Keith D Bilezerian | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Richard K Blankstein | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Rena Clark | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Nancy Curtis Grellier | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Helena Bentz Hartnett | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Kathleen Hegenbart | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Lemuel S Lanier | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John F Leonard | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Michael Maggiacomo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Maguire | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Susan Moran | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ellen Offner | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John V Pilitsis | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Elisse Allinson Share | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Adelaide S Van Winkle | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Kathryn West | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Judith B Wittenberg | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Michael B Alexander | ||||||||
| President | 40.00 | 268498 | 0 | 35337 | X | |||
| Dr Michael J Hoyle VP | ||||||||
| Business & Finance | 40.00 | 169290 | 0 | 10093 | X | |||
| Pamela Faria | ||||||||
| assistant clerk | 40.00 | 87938 | 0 | 21435 | X | |||
| Kathleen O'Connor | ||||||||
| VP Enrollment Mgmt. | 40.00 | 183519 | 0 | 20654 | X | |||
| James OStrow | ||||||||
| VP Academic Affairs | 40.00 | 158533 | 0 | 30837 | X | |||
| Dr Paula Panchuck vp | ||||||||
| Lasell Village at Lasell | 40.00 | 156948 | 0 | 21103 | X | |||
| Ruth Shuman | ||||||||
| VP Inst. Advancement | 40.00 | 131881 | 0 | 17843 | X | |||
| Thomas Koerber | ||||||||
| Director of Facilities | 40.00 | 128253 | 0 | 17029 | X | |||
| Sandra Weston | ||||||||
| Former Asst. Clerk | 0.00 | 250 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1284860 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 174331 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | 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 |
|---|---|---|---|---|---|
| Sodexo Inc | |||||
| 9801 Washingtonia Blvd | Gaithersburg | MD | 20878 | food/housekeeping services | 3628052 |
| Metric Construction Corp | |||||
| 55 Henshaw St | Boston | MA | 02135 | Construction Services | 1900324 |
| D&S Landscaping | |||||
| 498 Pleasant St | Watertown | MA | 02472 | Landscape Services | 433917 |
| Metro West Contracting Corp | |||||
| 6 Beaumonts Pond Drive | Foxboro | MA | 02035 | Construction Services | 421218 |
| Perkins Eastman Architects PC | |||||
| 115 Fifth Ave | New York | NY | 10003 | Architectural Services | 394103 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Government Grants | 572168 | GovernmentGrants |
| All Other Contributions | 3810212 | AllOtherContributions |
| Noncash Contributions | 155526 | NoncashContributions |
| Total Contributions | 4382380 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| Tuition, Fees and forf | 611310 | 38695389 | 38695389 | |
| Room, board and relate | 611310 | 12887172 | 12508926 | $378,246 |
| Mgmt fee/rent from tax | 561499 | 1964549 | 1964549 | |
| Connected learning/edu | 611710 | 1373359 | 1373359 | |
| other program service | 611710 | 191014 | 175516 | $15,498 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 55111483 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 596719 | TotalRevenueColumn |
| Exclusion | $596,719 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 50794 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38189 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12605 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12605 | TotalRevenueColumn |
| Exclusion | $12,605 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 560429 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 540726 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 19703 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19703 | TotalRevenueColumn |
| Exclusion | $19,703 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 25099 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 3864 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21235 | TotalRevenueColumn |
| Exclusion | $21,235 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous Income | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 24402 | TotalRevenueColumn |
| Exclusion | $24,402 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 24402 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60168527 | TotalRevenueColumn |
| Related Or Exempt Function Income | 54717739 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,068,408 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17070143 | Total |
| Program Services | 17070143 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 637232 | Total |
| Management And General | 637232 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15928505 | Total |
| Program Services | 12161885 | ProgramServices |
| Management And General | 2978452 | ManagementAndGeneral |
| Fundraising | 788168 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 665937 | Total |
| Program Services | 511367 | ProgramServices |
| Management And General | 116556 | ManagementAndGeneral |
| Fundraising | 38014 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1493705 | Total |
| Program Services | 1020766 | ProgramServices |
| Management And General | 399112 | ManagementAndGeneral |
| Fundraising | 73827 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1195015 | Total |
| Program Services | 892363 | ProgramServices |
| Management And General | 248095 | ManagementAndGeneral |
| Fundraising | 54557 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189706 | Total |
| Management And General | 189706 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101214 | Total |
| Management And General | 101214 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38334 | Total |
| Management And General | 38334 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73240 | Total |
| Fundraising | 73240 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 771106 | Total |
| Program Services | 337326 | ProgramServices |
| Management And General | 421402 | ManagementAndGeneral |
| Fundraising | 12378 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310730 | Total |
| Program Services | 292640 | ProgramServices |
| Management And General | 18090 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1496063 | Total |
| Program Services | 978202 | ProgramServices |
| Management And General | 414578 | ManagementAndGeneral |
| Fundraising | 103283 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 418348 | Total |
| Program Services | 54039 | ProgramServices |
| Management And General | 351939 | ManagementAndGeneral |
| Fundraising | 12370 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3903986 | Total |
| Program Services | 218030 | ProgramServices |
| Management And General | 3685406 | ManagementAndGeneral |
| Fundraising | 550 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 561627 | Total |
| Program Services | 425448 | ProgramServices |
| Management And General | 114529 | ManagementAndGeneral |
| Fundraising | 21650 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65451 | Total |
| Program Services | 49347 | ProgramServices |
| Management And General | 13345 | ManagementAndGeneral |
| Fundraising | 2759 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2234289 | Total |
| Program Services | 2183905 | ProgramServices |
| Management And General | 45434 | ManagementAndGeneral |
| Fundraising | 4950 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3068752 | Total |
| Program Services | 2668423 | ProgramServices |
| Management And General | 356876 | ManagementAndGeneral |
| Fundraising | 43453 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 427879 | Total |
| Program Services | 9138 | ProgramServices |
| Management And General | 418741 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Cafeteria Food service | 2242402 | 2242402 | ||
| other expenses | 2061343 | 1597558 | 386461 | 77324 |
| annuity payments | 314569 | 314569 | ||
| allocation of operation | 0 | 5933558 | -5986362 | 52804 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55269576 | Total |
| Program Services | 48646540 | ProgramServices |
| Management And General | 5263709 | ManagementAndGeneral |
| Fundraising | 1359327 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26226 | BOY |
| EOY | 25566 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5712948 | BOY |
| EOY | 8297632 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122168 | BOY |
| EOY | 2144970 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198318 | BOY |
| EOY | 189366 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 202914 | BOY |
| EOY | 471621 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 88579782 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 30126086 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57249199 | BOY |
| EOY | 58453696 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4034433 | BOY |
| EOY | 1564803 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20106841 | BOY |
| EOY | 22630948 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 437457 | BOY |
| EOY | 477177 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2641150 | BOY |
| EOY | 2757892 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90731654 | BOY |
| EOY | 97013671 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3714332 | BOY |
| EOY | 3262154 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3545820 | BOY |
| EOY | 3699458 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42524013 | BOY |
| EOY | 39132800 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2805687 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5341958 | BOY |
| EOY | 6910723 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55126123 | BOY |
| EOY | 55810822 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26782789 | BOY |
| EOY | 29997343 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1692402 | BOY |
| EOY | 3917702 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7130340 | BOY |
| EOY | 7287804 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35605531 | BOY |
| EOY | 41202849 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90731654 | BOY |
| EOY | 97013671 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $38,334 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $227 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 38561 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i: | Identifier |
| Return Reference | Explanation of Other Lobbying Activities: | ReturnReference |
| Explanation | The president of the organization visited federal offices in washington d.c. The amounts listed are the expenses associated with the visit. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20479228 | BeginningOfYearBalance |
| Contributions | 487140 | Contributions |
| Investment Earnings Or Losses | 2713194 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 48683 | GrantsOrScholarships |
| Other Expenditures | 831420 | OtherExpenditures |
| Administrative Expenses | 211295 | AdministrativeExpenses |
| End Of Year Balance | 22588164 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24891168 | BeginningOfYearBalance |
| Contributions | 851858 | Contributions |
| Investment Earnings Or Losses | -4244603 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 46530 | GrantsOrScholarships |
| Other Expenditures | 753961 | OtherExpenditures |
| Administrative Expenses | 218704 | AdministrativeExpenses |
| End Of Year Balance | 20479228 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.60880 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.32230 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06890 | 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 | 1235118 | OtherCostOrOtherBasis |
| Book Value | 1235118 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 72768048 | OtherCostOrOtherBasis |
| Depreciation | 21863191 | Depreciation |
| Book Value | 50904857 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7528665 | OtherCostOrOtherBasis |
| Depreciation | 5617934 | Depreciation |
| Book Value | 1910731 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1233659 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 5814292 | OtherCostOrOtherBasis |
| Depreciation | 2644961 | Depreciation |
| Book Value | 4402990 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 58453696 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| commonfund multi-strategy equity fund | 12712152 | F |
| commonfund multi-strategy bond fund | 7266124 | F |
| New York Co. Life Insurance Policy | 39392 | F |
| RBS Citizens Bank NOW Account | 2613280 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 22630948 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Beneficial interests in trusts | 1905231 |
| Debt issuance costs, net | 852661 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 2757892 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| fair market value interest rate swaps | $5,097,551 |
| Refundable advances - Perkins loan program | $322,047 |
| conditional asset retirement obligation | $76,000 |
| Annuity obligations | $1,407,973 |
| Capital Lease Liability | $7,152 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6910723 | TotalOfAmounts |
| Total Revenue | 60168527 | TotalRevenue |
| Total Expenses | 55269576 | TotalExpenses |
| Excess Or Deficit For Year | 4898951 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2167000 | NetUnrealizedGLOnInvestments |
| Investment Expenses | -65654 | InvestmentExpenses |
| Other | -$1,402,979 | OtherAmount |
| Total Adjustments | 698367 | TotalAdjustments |
| Excess Or Deficit Per FS | 5597318 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 40585537 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2167000 | NetUnrealizedGainsInvestments |
| Other Revenues | -16707993 | OtherRevenues |
| Revenue Not Rptd F990 | -14540993 | RevenueNotRptdF990 |
| Revenue Subtotal | 55126530 | RevenueSubtotal |
| Other Revenues Not Included | 5041997 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 5041997 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 60168527 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 38315159 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 42052 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 42052 | ExpensesNotRptdF990 |
| Expenses Subtotal | 38273107 | ExpensesSubtotal |
| Other Expenses Not Included | 16996469 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16996469 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 55269576 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | Board-designated Endowment - Funds set aside by the Board of Trustees for strategic purposes and to provide investment income to support operations. These amounts may only be used with the approval of the Board of Trustees. Permanent Endowment - Amounts restricted by donors against any expenditure of principal. Substantially all the income earned on principal may be used for general or donor-restricted purposes and is recorded in unrestricted net assets or temporarily restricted net assets, as appropriate. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | The College accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The College has identified its tax status as a tax-exempt entity as a tax position; however, the College has determined that such tax position does not result in an uncertainty requiring recognition. The College is not currently under examination by any taxing jurisdiction. The College's Federal and state income tax returns are generally open for examination for three years following the date filed. |
| Part XI, Line 8 - Other Adjustments: | Change in fair value of interest rate swap: -1638074. Change in actuarial value of annuity liabilities: 103273. Change in value of beneficial interests: 131822. | |
| Part XII, Line 2d - Other Adjustments: | FINANCIAL AID: -16613677. Auxiliary enterprise discounts: -28662. INVESTMENT EXPENSES: -65654. | |
| Part XII, Line 4b - Other Adjustments: | Investment gain/(loss), net of total return appropriated: 1757199. Land lease income from affiliate: 205840. Private gifts and grants: 3071187. Non-operating activities - Other: 49824. RENTAL EXPENSES INCLUDED ON PART VIII, LINE 4B: -38189. FUNDRAISING DIRECT EXPENSES INCLUDED ON PART VIII, LINE 8B: -3864. | |
| Part XIII, Line 2d - Other Adjustments: | rental expenses included on Part VIII, Line 4b: 38189. Fundraising Direct Expenses included on Part VIII, Line 8b: 3863. | |
| Part XIII, Line 4b - Other Adjustments: | financial aid: 16613677. auxiliary enterprise discounts: 28662. Annuity payments: 314569. Non-operating activities - Other: 39561. |
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 | 0 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | PER PART 4.03 2(B) OF REV. PROC 75-50, 1975-2 C.B.587, THE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL SECTION OF THE UNITED STATES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS. IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. ITS PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE AVAILABILITY OF THE COLLEGE. | PubViaBroadcastMediaExpln |
| 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 |
| Govt Financial Aid Explanation | THE COLLEGE RECEIVES GRANTS IN THE FORM OF FUNDS DISTRIBUTED FOR FINANCIAL AID OR SUPPORT OF EDUCATIONAL PROGRAMS. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | the wayland group | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | fundraising counsel | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 73240 | AmountRetainedByContractor |
| Net To Organization | 0 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 73240 | TotalRetainedByContractors |
| Licensed States | MA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | none exceeded | NameOfEvent1 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (10 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| seog grants | 419 | 162204 |
| massachusetts gilbert grants | 219 | 265600 |
| lasell undergraduate awards and scholarships | 1457 | 16305231 |
| lasell graduate awards | 75 | 76575 |
| SCHOLARSHIPS FROM RESTRICTED GIFTS | 4 | 20000 |
| lasell sibling discounts | 13 | 26018 |
| lasell tuition exchange discounts | 4 | 86300 |
| lasell study group discounts | 14 | 99553 |
| Lasell Child Study Center sibling discounts | 23 | 26962 |
| Lasell Child Study Center scholarships | 3 | 1700 |
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: Institutional financial assistance is awarded based on both a financial need and merit basis. Financial need is determined by the submission of the Free Application for Federal Student Aid and supporting documents and the use of the Federal Methodology need analysis formula and the Institutional Methodology need analysis formula. Merit aid is awarded to students who meet certain academic criteria who may or may not also have financial need for assistance. Campus based financial assistance from Federal and state sources is awarded based on financial need and other eligibility requirements as stipulated by Federal or state guidelines. Financial need is determined by the submission of the Free Application for Federal Student Aid and supporting documents and the use of the Federal Methodology need analysis formula. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | 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 | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael B Alexander | |||||||||||||
| 245429 | 0 | 12250 | 0 | 10819 | 0 | 18957 | 0 | 16380 | 0 | 303835 | 0 | 0 | 0 |
| Dr Michael J Hoyle VP | |||||||||||||
| 163085 | 0 | 5000 | 0 | 1205 | 0 | 3156 | 0 | 6937 | 0 | 179383 | 0 | 0 | 0 |
| Kathleen O'Connor | |||||||||||||
| 178003 | 0 | 5000 | 0 | 516 | 0 | 13568 | 0 | 7086 | 0 | 204173 | 0 | 0 | 0 |
| James OStrow | |||||||||||||
| 153257 | 0 | 5000 | 0 | 276 | 0 | 12212 | 0 | 18625 | 0 | 189370 | 0 | 0 | 0 |
| Dr Paula Panchuck vp | |||||||||||||
| 150572 | 0 | 5000 | 0 | 1376 | 0 | 11685 | 0 | 9418 | 0 | 178051 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | The college provided housing to the assistant clerk/executive assistant to the president as part of her compensation. |
| Part I, Line 7 | As detailed on Schedule J, Part II, bonuses were awarded to certain employees during the year. A bonus was awarded to the president of the college at the recommendation of the executive compensation committee and upon the approval of the board of trustees. Bonuses to all other persons were awarded at the discretion of the president of the college. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| massachusetts Development Finance Agency | ||||||
| 043431814 | 57583RZC2 | 2008-08-07 | 14665000 | Construction of residence hall & existing projects | 0 | 0 |
| Massachusetts Development Finance Agency | ||||||
| 043431814 | 57583RGS8 | 2006-09-28 | 6400000 | advance refund of prior issue | 0 | 0 |
| Massachusetts Development Finance Agency | ||||||
| 043431814 | 57583RGS8 | 2006-09-28 | 12070000 | Construction of residence hall & existing projects | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount DefeasedAmountDefeased |
|---|---|---|---|---|---|---|---|---|
| 14665000 | 353377 | 14311623 | 2008 | 0 | 0 | 1 | 1 | |
| 6400000 | 141566 | 53884 | 2006 | 0 | 1 | 1 | 1 | 6204550 |
| 12070000 | 394538 | 9075462 | 2006 | 1 | 0 | 1 | 1 | 2600000 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 1 | 0 | 0 | 0 |
| 0 | 1 | 1 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John MAGUIRE | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Trustee | Relationship |
| Amount Of Transaction | 120000 | AmountOfTransaction |
| Description Of Transaction | Consulting agreement | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 110468 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | quoted market | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | equipment | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 45058 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | retail price | MethodOfDeterminingRevenues |
| 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 |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method for Determining Number of Contributors: | Identifier |
| Return Reference | Part I, Column (b): | ReturnReference |
| Explanation | The amounts in column (b) represent the number of contributions. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | A joint meeting of the audit and Finance Committees of the Board of Trustees reviewed the Form 990 and recommended to the full Board of Trustees that the Form 990 be accepted and filed. The Form 990 was made available to the full Board of Trustees prior to the Board meeting and the Board of Trustees approved the motion to accept the Form 990 and file the document. | |
| Form 990, Part VI, Section B, line 12c | The trustees send the conflict of interest forms to the Executive Assistant to the President who reviews the forms, looking for conflicts noted or not noted by the trustee(s). If a conflict is noted, the form is sent to the Committee on Trustees of the Board to review. | |
| Form 990, Part VI, Section B, line 15 | The board of trustees of Lasell College conducts and annual written evaluation of the president of the college whose duties also include CEO of Lasell village and establishes compensation based on performance and among other data, considers a comparison of presidents and ceo's at similar sized institutions. The president/ceo in consultation with the vp of Lasell village conduct an annual written evaluation of key employees based on performance taking into account compensation of peers at similar sized institutions. | |
| Form 990, Part VI, Section C, line 19 | These documents are available for review upon request. The financial statements of the institution are available on the institution's website as well as in the reserve section of the college library. Additionally, the audited financial statements and form 990 are available via the masschusetts attorney general's website and www.guidestar.org. | |
| Form 990, Page 11, Part XI: | The organization has an audit committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This has not changed from the prior year. | 2c-Does the entity have a committee that assumes responsibility for audit? |
| SCHEDULE K - SUPPLEMENTAL INFORMATION ON TAX EXEMPT BONDS PART II LINE #5 - ISSUANCE COSTS OF PROCEEDS massachusetts Development Finance Agency: 57583RZC2-CREDIT ENHANCEMENT COSTS INCLUDED ON LINE #5, COLUMN A: $69,657 massachusetts Development Finance Agency: 57583RGS8-CREDIT ENHANCEMENT COSTS INCLUDED ON LINE #5, COLUMN B : $17,921 massachusetts Development Finance Agency: 9/28/06 57583RGS8- CREDIT ENHANCEMENT COSTS INCLUDED ON LINE #5, COLUMN C: $33,798 | ||
| SCHEDULE R- PART V, LINE 2 - (1)/(2)/(3) TRANSACTION TYPES - METHODS USED TO DETERMINE LASELL VILLAGE - TRANSACTION TYPE (i) : $207,509 METHOD USED TO DETERMINE - "Per lease agreement" LASELL VILLAGE - TRANSACTION TYPE (k) : $1,739,506 METHOD USED TO DETERMINE - "Cost Plus" LASELL VILLAGE - TRANSACTION TYPE (i) : $19,203 METHOD USED TO DETERMINE - "Actual Cost" |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|
| Lasell Village | ||||||||
| 120 seminary ave | auburndale | MA | 02466 | 223042122 | Residential Care | MA | 501(c)(3) | 9 |
| Lasell Inc | ||||||||
| 1844 Commonwealth ave | newton | MA | 024662716 | 861070319 | administrative support | MA | 501(c)(3) | 11b |
Form990 Schedule R Part IV Form990ScheduleRPartIV (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|
| CRAT | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 911900462 | INVESTMENTS | MA | T | 32854 | 1.00000 |
| CRUT | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 046860762 | INVESTMENTS | MA | T | 161766 | 1.00000 |
| CRAT | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 256613392 | INVESTMENTS | MA | T | 92602 | 1.00000 |
| CRAT | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 256638195 | INVESTMENTS | MA | T | 96572 | 1.00000 |
| CRUT -TAX ID NOT AVAILABLE | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 999999999 | INVESTMENTS | MA | T | 151262 | 1.00000 |
| CRUT -TAX ID NOT AVAILABLE | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 999999999 | INVESTMENTS | MA | T | 263093 | 1.00000 |
| TRUST -TAX ID NOT AVAILABLE | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 999999999 | INVESTMENTS | MA | T | 498707 | 1.00000 |
| TRUST -TAX ID NOT AVAILABLE | |||||||||
| 1844 COMMONWEALTH AVENUE | NEWTON | MA | 024662709 | 999999999 | INVESTMENTS | MA | T | 734515 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Lasell Village | |
| I | 207509 |
| Lasell Village | |
| K | 1739506 |
| Lasell Village | |
| N | 19203 |