WORCESTER POLYTECHNIC INSTITUTE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- WORCESTER POLYTECHNIC INSTITUTE (EIN 04-2121659)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201121369349304762
- 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 F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T14:00:15-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042121659 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WORCESTER POLYTECHNIC INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WORC | NameControl |
| Phone | 5088315000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 INSTITUTE ROAD | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 016092280 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFF SOLOMON | Name |
| Title | EXECUTIVE VP & CFO | Title |
| Phone | 5088315000 | Phone |
| Date Signed | 2011-05-10 | DateSigned |
| 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 | JEFFREY SOLOMON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 INSTITUTE ROAD | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01609 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 212705052 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WPI.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1865 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | POST SECONDARY EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2866 | TotalNbrEmployees |
| Total Nbr Volunteers | 879 | TotalNbrVolunteers |
| Total Gross UBI | 82264 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -39829 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 34100685 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 22324144 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 153833094 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 184723606 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8923842 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5657222 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 252173 | OtherRevenuePriorYear |
| Other Revenue Current Year | 80 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 197109794 | TotalRevenuePriorYear |
| Total Revenue Current Year | 212705052 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 46428922 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 54307721 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 85459778 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 91272441 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3890245 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 64698437 | OtherExpensePriorYear |
| Other Expenses Current Year | 65030958 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 196587137 | TotalExpensesPriorYear |
| Total Expenses Current Year | 210611120 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 522657 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2093932 | RevenuesLessExpensesCY |
| Total Assets BOY | 563685880 | TotalAssetsBOY |
| Total Assets EOY | 663586114 | TotalAssetsEOY |
| Total Liabilities BOY | 195235887 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 263371447 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 368449993 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 400214667 | NetAssetsOrFundBalancesEOY |
| Mission Description | WPI EDUCATES TALENTED MEN AND WOMEN IN ENGINEERING, SCIENCE, MANAGEMENT AND HUMANITIES IN PREPARATION FOR CAREERS OF PROFESSIONAL PRACTICE, CIVIC CONTRIBUTION, AND LEADERSHIP, FACILITATED BY ACTIVE LIFELONG LEARNING. THIS EDUCATIONAL PROCESS IS TRUE TO THE FOUNDERS' DIRECTIVE TO CREATE, TO DISCOVER, AND TO CONVEY KNOWLEDGE AT THE FRONTIERS OF ACADEMIC INQUIRY FOR THE BETTERMENT OF SOCIETY. KNOWLEDGE IS CREATED AND DISCOVERED IN THE SCHOLARLY ACTIVITIES OF FACULTY AND STUDENTS RANGING ACROSS EDUCATIONAL METHODOLOGY, PROFESSIONAL PRACTICE, AND BASIC RESEARCH. KNOWLEDGE IS CONVEYED THROUGH SCHOLARLY PUBLICATION AND INSTRUCTION. ADOPTED BY THE BOARD OF TRUSTEES, MAY 22, 1987. (HTTP://WWW.WPI.EDU/ABOUT/MISSION.HTML) | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 124182361 | Expense |
| Grants | 52111256 | Grants |
| Revenue | 157866755 | Revenue |
| Description | THE UNIVERSITY PROVIDES EDUCATION IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING & MATHEMATICS TO APPROXIMATELY 3,500 UNDERGRADUATE AND 1,400 GRADUATE STUDENTS. IN ADDITION, STUDENT HOUSING AND BOARD (AUXILIARY SERVICES) IS PROVIDED FOR APPROXIMATELY 1,000 STUDENTS. IN MAY 2010, WPI AWARDED 719 BACHELOR, 384 MASTER AND 34 PHD DEGREES. STUDENTS EMERGE FROM WPI'S UNIQUE EXPERIENCE READY TO TAKE ON SOME OF THE MOST DIFFICULT CHALLENGES IN SCIENCE AND TECHNOLOGY. MORE IMPORTANTLY, THEY UNDERSTAND HOW THEIR WORK CAN TRULY IMPACT SOCIETY AND IMPROVE OUR LIVES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5017197 | Expense |
| Revenue | 7106075 | Revenue |
| Description | THE UNIVERSITY'S CORPORATE AND PROFESSIONAL EDUCATION DIVISION PROVIDES TAILOR-MADE PROGRAMS TO APPROXIMATELY 750 STUDENTS, MAINLY AT CORPORATE CLIENT SITES, USING INDUSTRY EXPERTS AND DEDICATED PROGRAM SUPPORT STAFF. THIS PRACTICAL APPROACH ADDS VALUE BY PROVIDING CLIENTS WITH KNOWLEDGE AND SKILLS THAT CAN BE DIRECTLY APPLIED TO THEIR REAL-WORLD JOB CHALLENGES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 14246082 | Expense |
| Grants | 1596465 | Grants |
| Revenue | 15117369 | Revenue |
| Description | AT WPI, 114 FACULTY MEMBERS AND 255 STUDENTS ARE ENGAGED IN CUTTING-EDGE RESEARCH ACROSS A BROAD RANGE OF DISCIPLINES. FUNDING FOR THIS RESEARCH IS MAINLY FROM THE US GOVERNMENT (NATIONAL SCIENCE FOUNDATION, DEPARTMENT OF DEFENSE, NATIONAL INSTITUTE OF HEALTH AND OTHER FEDERAL AGENCIES) AS WELL AS FROM CORPORATIONS. RESEARCH AT WPI HAS A DECIDEDLY APPLIED FOCUS, WITH WORK FOCUSED ON PROBLEMS THAT ARE BOTH INTERESTING AND IMPORTANT. THE RESULT IS NEW KNOWLEDGE, NEW INNOVATIONS, AND TECHNOLOGICAL ADVANCES THAT ATTACK SOME OF THE MAJOR CHALLENGES OF OUR TIME. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 26243409 | Expense |
| Revenue | 4633407 | Revenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 26243409 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 4633407 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 169689049 | 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 | 1 | 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 | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 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 | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 438 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2866 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | CA | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | NT | NameOfForeignCountry |
| 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 |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | 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 | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLENE BELLOWS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5088315577 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 INSTITUTE ROAD | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01609 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (44 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| PAUL R BESWICK | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JENNIFER DAVIS CAREY | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| CURTIS R CARLSON | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| RICHARD F CONNOLLY JR | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| MICHAEL J DOLAN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| THEODORE L DYSART | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DANIEL FARRAR | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| WARNER S FLETCHER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| BERNARD M GORDON | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| STEVEN C HALSTEDT | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DAVID K HEEBNER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| STUART C KAZIN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| FRANCESCA MALTESE | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| ROBERT R MARTIN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| LINDA McGOLDRICK | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JOHN T MOLLEN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| PHILIP R MORGAN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JUDITH NITSCH | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| GEORGE R OLIVER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| KAREN TEGAN PADIR | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DONALD K PETERSON | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| SCOTT W RAMSAY | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| STEPHEN E RUBIN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| FREDERICK D RUCKER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| PHILIP B RYAN | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| SOPHIE VANDEBROEK | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| RICHARD D WILLETT II | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DOROTHEA C WONG | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| GLENN YEE | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| MICHAEL P ZARRILLI | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DENNIS D BERKEY | |||||||||
| PRESIDENT | 40.00 | X | 734473 | 0 | 83870 | X | X | ||
| JEFFREY SOLOMON | |||||||||
| VICE PRESIDENT/CFO | 40.00 | 342020 | 0 | 92129 | X | X | |||
| STEPHANIE PASHA | |||||||||
| SECRETARY | 40.00 | 92623 | 0 | 13660 | X | ||||
| A TRACY HASSETT | |||||||||
| ASSISTANT SECRETARY | 40.00 | 159542 | 0 | 33115 | X | ||||
| RICHARD ROGAN | |||||||||
| ASSOCIATE TREASURER | 40.00 | 112638 | 0 | 48387 | X | ||||
| JOHN ORR | |||||||||
| PROVOST | 40.00 | 324197 | 0 | 74184 | X | ||||
| D'ANNE HURD | |||||||||
| VICE PRESIDENT | 40.00 | 188788 | 0 | 30179 | X | ||||
| DEXTER BAILEY | |||||||||
| VICE PRESIDENT | 40.00 | 255829 | 0 | 56039 | X | ||||
| DIRAN APELIAN | |||||||||
| PROFESSOR | 40.00 | 255347 | 0 | 31392 | X | ||||
| STEPHEN FLAVIN | |||||||||
| ASSOC PROVOST | 40.00 | 326452 | 0 | 33756 | X | ||||
| YI Hu MA | |||||||||
| PROFESSOR | 40.00 | 227328 | 0 | 33833 | X | ||||
| GRETAR TRYGGVASON | |||||||||
| PROFESSOR | 40.00 | 227993 | 0 | 34718 | X | ||||
| KRISTIN R TICHENOR | |||||||||
| VICE PRESIDENT | 40.00 | 196072 | 0 | 55737 | X | ||||
| THOMAS J LYNCH III | |||||||||
| FORMER VICE PRESIDENT | 40.00 | 307907 | 0 | 60723 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3751209 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 681722 | TotalOtherCompensation |
| Number Individuals GT100 K | 175 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 1 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CONSIGLI CONSTRUCTION CO INC | |||||
| 72 MAIN STREET | MILFORD | MA | 01757 | CONSTRUCTION MGMT | 7368317 |
| CHARTWELLSCOMPASS GROUP | |||||
| 100 INSTITUTE ROAD | WORCESTER | MA | 01609 | FOOD SERVICE | 5840179 |
| CARDINAL CONSTRUCTION INC | |||||
| 89 SHREWSBURY STREET | WORCESTER | MA | 01604 | CONSTRUCTION MGMT | 1732924 |
| INTEGRATION PARTNERS CORPORATION | |||||
| 80 HAYDEN AVENUE | LEXINGTON | MA | 02421 | MAINTENANCE | 1560438 |
| GILBANE BUILDING COMPANY | |||||
| 7 JACKSON WALKWAY | PROVIDENCE | RI | 02903 | CONSTRUCTION MGMT | 1233937 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 66 | NumberOfContractorsGT100K |
| Government Grants | 6179751 | GovernmentGrants |
| All Other Contributions | 16144393 | AllOtherContributions |
| Noncash Contributions | 480050 | NoncashContributions |
| Total Contributions | 22324144 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 611600 | 139783014 | 139783014 | |
| AUXILIARY OPERATIONS | 611600 | 18083741 | 18083741 | |
| SPONSORED RESEARCH CON | 611600 | 15117369 | 15117369 | |
| OTHER EDUCATIONAL OPER | 713940 | 9912042 | 9829778 | 82264 |
| OTHER OPERATING SOURCE | 611600 | 1827440 | 1827440 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 184723606 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5654427 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5654427 | RelatedOrExemptFunctionIncome |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2795 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2795 | RelatedOrExemptFunctionIncome |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 80 | TotalRevenueColumn |
| Related Or Exempt Function Income | 80 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 212705052 | TotalRevenueColumn |
| Related Or Exempt Function Income | 190298644 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 82264 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1596465 | Total |
| Program Services | 1596465 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52711256 | Total |
| Program Services | 52711256 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3237765 | Total |
| Management And General | 2455625 | ManagementAndGeneral |
| Fundraising | 782140 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69505785 | Total |
| Program Services | 63414268 | ProgramServices |
| Management And General | 4417877 | ManagementAndGeneral |
| Fundraising | 1673640 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5481048 | Total |
| Program Services | 5000687 | ProgramServices |
| Management And General | 348382 | ManagementAndGeneral |
| Fundraising | 131979 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8569218 | Total |
| Program Services | 5291207 | ProgramServices |
| Management And General | 2884684 | ManagementAndGeneral |
| Fundraising | 393327 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4478625 | Total |
| Program Services | 4086116 | ProgramServices |
| Management And General | 284667 | ManagementAndGeneral |
| Fundraising | 107842 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384333 | Total |
| Management And General | 382723 | ManagementAndGeneral |
| Fundraising | 1610 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192600 | Total |
| Management And General | 192600 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234371 | Total |
| Management And General | 234371 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 945806 | Total |
| Management And General | 945806 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8322892 | Total |
| Program Services | 7297505 | ProgramServices |
| Management And General | 904349 | ManagementAndGeneral |
| Fundraising | 121038 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1375131 | Total |
| Program Services | 940714 | ProgramServices |
| Management And General | 430965 | ManagementAndGeneral |
| Fundraising | 3452 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2586641 | Total |
| Program Services | 2498397 | ProgramServices |
| Management And General | 68695 | ManagementAndGeneral |
| Fundraising | 19549 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6609363 | Total |
| Program Services | 6324997 | ProgramServices |
| Management And General | 267394 | ManagementAndGeneral |
| Fundraising | 16972 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2357722 | Total |
| Program Services | 2109934 | ProgramServices |
| Management And General | 158373 | ManagementAndGeneral |
| Fundraising | 89415 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1969555 | Total |
| Program Services | 1478897 | ProgramServices |
| Management And General | 230187 | ManagementAndGeneral |
| Fundraising | 260471 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6556737 | Total |
| Management And General | 6556737 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13527130 | Total |
| Management And General | 13527130 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 550491 | Total |
| Program Services | 846 | ProgramServices |
| Management And General | 549645 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| RESEARCH AND TEACHING A | 4998333 | 4841774 | 156559 | |
| REPAIRS AND MAINTENANCE | 4298078 | 4228228 | 68958 | 892 |
| LABORATORY & OTHER SUPP | 2705433 | 2428417 | 189476 | 87540 |
| BOOKS AND PERIODICALS | 1778194 | 1777905 | 1 | 288 |
| Lab Equipment | 910739 | 789568 | 121171 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4727409 | Total |
| Program Services | 2871868 | ProgramServices |
| Management And General | 1655451 | ManagementAndGeneral |
| Fundraising | 200090 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210611120 | Total |
| Program Services | 169689049 | ProgramServices |
| Management And General | 37031826 | ManagementAndGeneral |
| Fundraising | 3890245 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11141422 | BOY |
| EOY | 19854459 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18180203 | BOY |
| EOY | 20039782 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1185743 | BOY |
| EOY | 2319221 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21701841 | BOY |
| EOY | 22550609 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4606708 | BOY |
| EOY | 4917468 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 326873913 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 135568562 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185817482 | BOY |
| EOY | 191305351 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138658217 | BOY |
| EOY | 136654873 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 168560754 | BOY |
| EOY | 196876976 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13833510 | BOY |
| EOY | 69067375 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 563685880 | BOY |
| EOY | 663586114 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14672850 | BOY |
| EOY | 17931051 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7323030 | BOY |
| EOY | 7879019 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134319528 | BOY |
| EOY | 188468473 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7470000 | BOY |
| EOY | 15981567 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31450479 | BOY |
| EOY | 33111337 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 195235887 | BOY |
| EOY | 263371447 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175801905 | BOY |
| EOY | 197121654 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79313088 | BOY |
| EOY | 78613287 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113335000 | BOY |
| EOY | 124479726 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 368449993 | BOY |
| EOY | 400214667 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 563685880 | BOY |
| EOY | 663586114 | 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 Consolidated | X | FinancialStatementConsolidated |
| 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) |
|---|---|---|
| Political Expenditures | 0 | PoliticalExpenditures |
| Volunteer Hours | 0 | VolunteerHours |
| Amt Of4955 Tax | 0 | AmtOf4955Tax |
| Amt Of4955 Tax On Managers | 0 | AmtOf4955TaxOnManagers |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 234371 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 234371 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 207609990 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 207844361 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 297232 | CurrentYearMinus3 |
| Current Year Minus2 | 308744 | CurrentYearMinus2 |
| Current Year Minus1 | 395596 | CurrentYearMinus1 |
| Current Year | 234371 | CurrentYear |
| Total | 1235943 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 279218880 | BeginningOfYearBalance |
| Contributions | 8973190 | Contributions |
| Investment Earnings Or Losses | 31544552 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 6424672 | GrantsOrScholarships |
| Other Expenditures | 14494260 | OtherExpenditures |
| End Of Year Balance | 298817690 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 368133078 | BeginningOfYearBalance |
| Contributions | 7107921 | Contributions |
| Investment Earnings Or Losses | -76056500 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 6325864 | GrantsOrScholarships |
| Other Expenditures | 13639755 | OtherExpenditures |
| End Of Year Balance | 279218880 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.44930 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.34680 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.20380 | 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 | 7935322 | OtherCostOrOtherBasis |
| Book Value | 7935322 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 261107799 | OtherCostOrOtherBasis |
| Depreciation | 106058061 | Depreciation |
| Book Value | 155049738 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8003898 | OtherCostOrOtherBasis |
| Depreciation | 5223680 | Depreciation |
| Book Value | 2780218 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 36391527 | OtherCostOrOtherBasis |
| Depreciation | 24286821 | Depreciation |
| Book Value | 12104706 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13435367 | OtherCostOrOtherBasis |
| Book Value | 13435367 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 191305351 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMODITIES | 4391871 | F |
| REAL ESTATE | 28504536 | F |
| PRIVATE EQUITY FUNDS | 36413589 | F |
| EQUITY SECURITIES | 12125861 | F |
| FIXED INCOME SECURITIES | 12691204 | F |
| EQUITY FUNDS | 80888702 | F |
| FIXED INCOME FUNDS | 21861213 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 196876976 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| FUNDS HELD UNDER BOND AGREEMENTS | 52993433 |
| SPLIT-INTEREST AGREEMENTS | 16073942 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 69067375 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SPLIT INTEREST AGREEMENTS | $9,531,587 |
| FUNDS HELD FOR OTHERS | $2,857,503 |
| REFUNDABLE GOVERNMENT LOAN FUNDS | $6,791,609 |
| ASSET RETIREMENT OBLIGATIONS | $5,049,002 |
| INTEREST RATE AGREEMENTS | $8,881,636 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 33111337 | TotalOfAmounts |
| Total Revenue | 212705052 | TotalRevenue |
| Total Expenses | 210611120 | TotalExpenses |
| Excess Or Deficit For Year | 2093932 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 29162796 | NetUnrealizedGLOnInvestments |
| Other | $507,946 | OtherAmount |
| Total Adjustments | 29670742 | TotalAdjustments |
| Excess Or Deficit Per FS | 31764674 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 191821416 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 29162796 | NetUnrealizedGainsInvestments |
| Other Revenues | 2664824 | OtherRevenues |
| Revenue Not Rptd F990 | 31827620 | RevenueNotRptdF990 |
| Revenue Subtotal | 159993796 | RevenueSubtotal |
| Other Revenues Not Included | 52711256 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 52711256 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 212705052 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 160057350 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2157486 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2157486 | ExpensesNotRptdF990 |
| Expenses Subtotal | 157899864 | ExpensesSubtotal |
| Other Expenses Not Included | 52711256 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 52711256 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 210611120 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 1a: | DUE TO THE IMMATERIALITY OF WPI'S COLLECTIONS OF ART OR HISTORICAL TREASURES, THESE ASSETS ARE NOT DISCLOSED IN THE FINANCIAL STATEMENTS. | |
| Part III, Line 4: | WPI HOLDS A CHARLES DICKENS COLLECTION, A BERNARD BRENNER SCULPTURE COLLECTION, A RARE BOOK AND MANUSCRIPT COLLECTION, AS WELL AS OTHER WORKS OF ART. THESE PIECES ARE USED BY THE FACULTY TO FURTHER THEIR RESEARCH AND CURRICULUM. | |
| Part V, Line 4: | THE INTENDED USE OF THE ENDOWMENT FUNDS ARE TO SUPPORT THE PROGRAMS OF THE UNIVERSITY, INCLUDING SCHOLARSHIPS, FACULTY TEACHING AND RESEARCH, LIBRARY RESOURCES, MAINTENANCE, ETC. | Description of Intended Use of Endowment Funds: |
| Part X: | LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT ANUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE UNIVERSITY HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, UPON THE UNIVERSITY'S CONSOLIDATED STATEMENTS OF FINANCIAL POSITION, OR THE RELATED CONSOLIDATED STATEMENTS OF ACTIVITES, OR CASH FLOWS. | Description of Uncertain Tax Positions Under FIN 48: |
| Part XI, Line 8 - Other Adjustments: | NET UNREALIZED GAIN ON BENEFICIAL INTERESTS $2,587,717 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $76,978 NET REALIZED AND UNREALIZED LOSS ON SWAP ($2,157,486) OTHER CHANGES IN NET ASSETS $737 | |
| Part XII, Line 2d - Other Adjustments: | NET UNREALIZED GAIN ON BENEFICIAL INTERESTS $2,587,717 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $76,978 OTHER CHANGES $129 | |
| Part XII, Line 4b - Other Adjustments: | SCHOLARSHIPS $52,711,256 | |
| Part XIII, Line 2d - Other Adjustments: | NET REALIZED AND UNREALIZED LOSS ON SWAP ($2,157,486) | |
| Part XIII, Line 4b - Other Adjustments: | SCHOLARSHIPS $52,711,256 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONALLY AND MAKES ITS RACIALLY NON-DISCRIMINATORY POLICY KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. | 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 FINANCIAL ASSISTANCE FROM THE GOVERNMENT IN THE FORM OF 34A TITLE IV AID. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
| Compliance Proc75_50 Explanation | It is the policy of the Institute that each qualified individual, regardless of (1) race, (2) gender, (3) age, (4) color, (5) national origin, (6) religion, (7) handicap, (8) marital status, (9) sexual orientation, and (10) veteran status, shall have equal opportunity in the education, employment or services of WPI. Furthermore, WPI prohibits all forms of retaliation for filing complaints of discrimination. Individuals who believe they have been subjected to discrimination should immediately bring the matter to the attention of the Vice President of Human Resources, who is also the Title IX Coordinator, at 1-508-831-5470, who will make an independent inquiry into any allegations. All allegations of discrimination will be immediately investigated. | ComplianceProc75_50Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America & the Caribbean | 2 | 2 | Program Services | STUDENT PROJECTS IN COSTA RICA AND PUERTO RICO DEAL WITH THE LAND AND WITH THE CHALLENGES OF MAINTAINING A CLEAN ENVIRONMENT AND DEVELOPING HOUSING, TRANSPORTATION AND LAND USE AS THEY RELATE TO LOCAL GOVERNMENT AND INDUSTRIES. | 159622 |
| EAST ASIA & the Pacific | 6 | 2 | Program Services | STUDENT PROJECTS IN BANGKOK, JAPAN, MELBOURNE, AND CHINA INVOLVE ADDRESSING PROBLEMS IMPORTANT TO THE LOCAL COMMUNITIES, INCLUDING SUSTAINABLE DEVELOPMENT, HEALTH & HUMAN SERVICES AND ENVIRONMENTAL ISSUES. | 391003 |
| EUROPE | 7 | 1 | Program Services | STUDENT PROJECTS IN LONDON, VENICE, BUDAPEST, COPENHAGEN, LIMERICK AND FRANCE FOCUS ON ENVIRONMENTAL, SOCIOECONOMIC, ARTISTIC, CULTURAL AND TECHNICAL CONCERNS SPECIFIC TO THIS REGION. | 553857 |
| MIDDLE EAST & NORTH AFRICA | 1 | 0 | Program Services | STUDENT PROJECTS IN MOROCCO INVOLVE ANALYZING ENERGY RESOURCES AND THEIR IMPACT ON THE LOCAL ENVIRONMENT. | 24814 |
| NORTH AMERICA | 1 | 0 | PROGRAM SERVICES | STUDENT PROJECTS IN CANADA FOCUS ON THE RESEARCH AND DEVELOPMENT OF VARIOUS SUSTAINABILITY TOPICS IN PLANNING, DESIGN, CONSTRUCTION, OPERATIONS AND MAINTENANCE OF THE BUILDINGS AND INFRASTRUCTURE INDUSTRY. | 24596 |
| SUB-SAHARAN AFRICA | 2 | 1 | PROGRAM SERVICES | IN CAPE TOWN AND NAMIBIA STUDENT PROJECTS FOCUS ON SUSTAINABLE DEVELOPMENT. | 138096 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 19 | TotalNumberOfOffices |
| Total Number Of Employees | 6 | TotalNumberOfEmployees |
| Total Amount Spent | 1291988 | TotalAmountSpent |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (20 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| UNIVERSITY OF WASHINGTON | ||||||
| 1100 NE 45TH STREET STE 300 | SEATTLE | WA | 98105 | 916001534 | 305951 | SPONSORED RESEARCH |
| CARNEGIE MELLON UNIVERSITY | ||||||
| 500 FORBES AVENUE | PITTSBURGH | PA | 15213 | 250969449 | 255934 | SPONSORED RESEARCH |
| FOSTER-MILLER INC | ||||||
| 350 SECOND AVENUE | WALTHAM | MA | 02451 | 042212281 | 254261 | SPONSORED RESEARCH |
| ADSORPTION RESEARCH | ||||||
| 6175-D SHAMROCK COURT | DUBLIN | OH | 43016 | 311053843 | 180692 | SPONSORED RESEARCH |
| SOUTHWEST RESEARCH INSTITUTE | ||||||
| 6220 CULBERA ROAD | SAN ANTONIO | TX | 78228 | 741070544 | 102811 | SPONSORED RESEARCH |
| ARUP USA INC | ||||||
| 955 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | 061539147 | 95797 | SPONSORED RESEARCH |
| STANFORD UNIVERSITY | ||||||
| 340 PANAMA STREET | STANFORD | CA | 943056203 | 941156365 | 62447 | SPONSORED RESEARCH |
| THE URBAN INSTITUTE | ||||||
| 2100 M STREET NW | WASHINGTON | DC | 20037 | 520880375 | 52756 | SPONSORED RESEARCH |
| CLARK UNIVERSITY | ||||||
| 950 MAIN STREET | WORCESTER | MA | 01610 | 042111203 | 19299 | SPONSORED RESEARCH |
| WASHINGTON UNIVERSITY IN ST LOUIS | ||||||
| 700 ROSEDALE AVE BOX 1034 | ST LOUIS | MO | 631121408 | 430653611 | 34354 | SPONSORED RESEARCH |
| FALLON CLINIC | ||||||
| 640 LINCOLN STREET | WORCESTER | MA | 01605 | 042472266 | 32510 | SPONSORED RESEARCH |
| COMBUSTION SCIENCE & ENGINEERING INC | ||||||
| 8940 OLD ANNAPOLIS ROAD STE L | COLUMBIA | MD | 21045 | 522071781 | 33150 | SPONSORED RESEARCH |
| UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL | ||||||
| 55 LAKE AVE NORTH | WORCESTER | MA | 01655 | 043167352 | 31758 | SPONSORED RESEARCH |
| BOSTON UNIVERSITY | ||||||
| 25 BUICK STREET | BOSTON | MA | 02215 | 042103547 | 22317 | SPONSORED RESEARCH |
| BATTELLE | ||||||
| 505 KING AVENUE | COLUMBUS | OH | 43201 | 314379427 | 21289 | SPONSORED RESEARCH |
| MERRIMACK COLLEGE | ||||||
| 315 TURNPIKE STREET | NORTH ANDOVER | MA | 01845 | 042103731 | 12209 | SPONSORED RESEARCH |
| UNIVERSITY OF MASSACHUSETTS | ||||||
| 100 VENTURE WAY | HADLEY | MA | 01035 | 043167352 | 9180 | SPONSORED RESEARCH |
| GLOBE MANUFACTURING COMPANY LLC | ||||||
| 37 LOUDON ROAD | PITTSFIELD | NH | 03263 | 203882005 | 7404 | SPONSORED RESEARCH |
| VIBRACONSULT | ||||||
| 13821 CEDAR ROAD 205 | CLEVELAND | OH | 44118 | 736991589 | 46750 | SPONSORED RESEARCH |
| BOARD OF REGENTS OF UNIVERSITY OF WISCONSIN SYSTEM | ||||||
| DRAWER 538 | MILWAUKEE | WI | 532780538 | 396006492 | 15596 | SPONSORED RESEARCH |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 13 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 7 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 3177 | NumberOfRecipients |
| Amount Of Cash Grant | 52711256 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Procedure for Monitoring Grants in the U.S.: | Part I, Line 2: | Schedule I, Part I, Line 2: The university actively monitors all federally sponsored research grants through both its Office of Sponsored Programs (OSP) and its Research Accounting office. OSP is responsible for monitoring pre-award activities and certain post-award activities, such as human subject participation guidelines, animal research guidelines and export restrictions, among others. Research Accounting monitors all post-award financial activity, including allowability of costs and preparation and submittal of required federal agency reports on grants. THE UNIVERsiTY ALSO UNDERGOES AN INDEPENDENT A-133 AUDIT TO ENSURE COMPLIANCE WITH THESE REQUIREMENTS. |
| Other Information: | Part IV: | THE UNIVERSITY REQUIRES ALL STUDENTS SEEKING NEED-BASED FINANCIAL AID AND SCHOLARSHIPS TO COMPLETE A FINANCIAL AID APPLICATION AND COMPLETE THE FEDERAL FAFSA FORM. THE UNIVERSITY'S FINANCIAL AID STAFF ARE TRAINED IN THE REQUIREMENTS OF AWARDING TITLE IV FUNDS TO STUDENTS AND ARE REQUIRED TO ADHERE TO THESE REQUIREMENTS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DENNIS D BERKEY | |||||||||||||
| 502044 | 0 | 156000 | 0 | 76429 | 0 | 26410 | 0 | 57460 | 0 | 818343 | 0 | 0 | 0 |
| JEFFREY SOLOMON | |||||||||||||
| 342020 | 0 | 0 | 0 | 0 | 0 | 82645 | 0 | 9484 | 0 | 434149 | 0 | 0 | 0 |
| A TRACY HASSETT | |||||||||||||
| 159542 | 0 | 0 | 0 | 0 | 0 | 33115 | 0 | 0 | 0 | 192657 | 0 | 0 | 0 |
| RICHARD ROGAN | |||||||||||||
| 112638 | 0 | 0 | 0 | 0 | 0 | 12017 | 0 | 36370 | 0 | 161025 | 0 | 0 | 0 |
| JOHN ORR | |||||||||||||
| 324197 | 0 | 0 | 0 | 0 | 0 | 57165 | 0 | 17019 | 0 | 398381 | 0 | 0 | 0 |
| D'ANNE HURD | |||||||||||||
| 188788 | 0 | 0 | 0 | 0 | 0 | 20695 | 0 | 9484 | 0 | 218967 | 0 | 0 | 0 |
| DEXTER BAILEY | |||||||||||||
| 255829 | 0 | 0 | 0 | 0 | 0 | 46555 | 0 | 9484 | 0 | 311868 | 0 | 0 | 0 |
| DIRAN APELIAN | |||||||||||||
| 255347 | 0 | 0 | 0 | 0 | 0 | 21996 | 0 | 9396 | 0 | 286739 | 0 | 0 | 0 |
| STEPHEN FLAVIN | |||||||||||||
| 249975 | 0 | 76477 | 0 | 0 | 0 | 24272 | 0 | 9484 | 0 | 360208 | 0 | 0 | 0 |
| YI Hu MA | |||||||||||||
| 227328 | 0 | 0 | 0 | 0 | 0 | 24437 | 0 | 9396 | 0 | 261161 | 0 | 0 | 0 |
| GRETAR TRYGGVASON | |||||||||||||
| 227993 | 0 | 0 | 0 | 0 | 0 | 24527 | 0 | 10191 | 0 | 262711 | 0 | 0 | 0 |
| KRISTIN R TICHENOR | |||||||||||||
| 196072 | 0 | 0 | 0 | 0 | 0 | 46253 | 0 | 9484 | 0 | 251809 | 0 | 0 | 0 |
| THOMAS J LYNCH III | |||||||||||||
| 237943 | 0 | 22464 | 0 | 47500 | 0 | 24265 | 0 | 36458 | 0 | 368630 | 0 | 22464 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | THE UNIVERSITY PROVIDED THESE BENEFITS PER WRITTEN POLICIES AFTER FULL SUBSTANTIATION OF THE ITEMS. THE FOLLOWING AMOUNTS ARE NOT INCLUDED IN COMPENSATION TAXABLE TO THE EMPLOYEE. - DR. BERKEY: FIRST CLASS AIR TRAVEL $5,531, SPOUSAL TRAVEL FOR BONA FIDE BUSINESS PURPOSES $6,559, VALUE OF PERSONAL USE OF UNIVERSITY PROVIDED HOUSING $35,456 AND SOCIAL CLUB DUES $11,900. - DR. ORR: SOCIAL CLUB DUES $7,535. | |
| Part I, Line 4a | MR. LYNCH WAS TERMINATED IN OCTOBER 2009. HIS AGREEMENT PROVIDES FOR 12 MONTHS OF SEVERANCE PAYMENTS. IN 2009, MR. LYNCH RECEIVED SEVERANCE IN THE AMOUNT OF $47,500, WHICH REPRESENTED TWO MONTHS OF SALARY CONTINUATION PURSUANT TO A WRITTEN TERMINATION AGREEMENT. PART I, LINE 4B: FOR MR. SOLOMON, $11,500 WAS ACCRUED AND SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL 6/30/12. FOR MR. ORR, $4,400 WAS ACCRUED AND SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL 6/30/12. | |
| Part I, Line 7 | THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF WPI HAS A PAY-FOR-PERFORMANCE COMPENSATION PHILOSOPHY IN DETERMINING EXECUTIVE COMPENSATION. - THE PRESIDENT IS ELIGIBLE FOR A PERFORMANCE INCENTIVE BASED ON PERFORMANCE CRITERIA SET BY THE COMMITTEE. IN 2009, THE PAYMENT WAS $116,000. - ANOTHER PLAN THAT IS PART OF THE PHILOSOPHY IS THE "VP RETENTION PLAN". EACH YEAR, A VP MAY EARN UP TO 12.5% OF SALARY AND EXCESS RETIREMENT CONTRIBUTIONS, SUBJECT TO A THREE YEAR RISK OF FORFEITURE. THESE AMOUNTS ARE ALL NON-FIXED PAYMENTS. FOR THOSE LISTED ON SCHEDULE J PART II, THE AMOUNTS ARE (CONTINUES ON NEXT PAGE): 6/30/09 NAME VP INCENTIVE EXCESS RETIREMENT BAILEY $22,400 0 HASSETT $16,000 0 ORR $28,500 $4,400 SOLOMON $43,750 $11,550 TICHENOR $24,375 0 | |
| Part III | FORM 990, PART VII, QUESTION 5. - MR FLETCHER'S LAW FIRM RECEIVED PAYMENTS FOR SERVICES RENDERED TO WPI AND TO GATEWAY PARK LLC IN FY2010 FOR $4,197 AND $899 RESPECTIVELY. - MS NITSCH'S FIRM RECEIVED PAYMENTS FOR SERVICES RENDERED TO WPI IN FY 2010 IN THE AMOUNT OF $4,406. - MR RYAN, CEO OF MERCHANTS AUTOMOTIVE GROUP, LEASED SIX VEHICLES TO WPI AND RECEIVED PAYMENTS FROM WPI IN FY 2010 IN THE AMOUNT OF $41,330. | Supplemental Information |
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 | 57583RNT8 | 2007-06-28 | 81915000 | CONSTRUCTION OF A RESIDENCE HALL AND REFUNDING SERIES 1997-I AND II BONDS. | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||
| 043431814 | 57583RTX3 | 2008-04-09 | 48995000 | REFUNDING OF SERIES 2003 AND SERIES 2005 BONDS | 0 | 0 |
| maSSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||
| 043431814 | 57583RS48 | 2010-01-20 | 56000000 | CONSTRUCTION OF A RECREATION CENTER AND MISC RENOVATIONS ON THE MAIN CAMPUS | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Amount DefeasedAmountDefeased | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|---|
| 86922372 | 43452647 | 1120319 | 41465947 | 2008 | 1 | 0 | 1 | 1 | |
| 48995000 | 48650000 | 325962 | 2008 | 1 | 0 | 1 | 1 | ||
| 2928763 | 603966 | 2928763 | 0 | 0 | 0 | 1 | 46736499 |
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 |
| 1 | 1 | 1 | 1 | 1 | 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 | Business Name Line2NameOfHedgeProvider/BusinessNameLine2 | Term Of HedgeTermOfHedge |
|---|---|---|---|---|---|---|---|
| (no name) | |||||||
| 1 | 0 | 0 | 0 | 0 | 0 | ||
| DEUTSCHE BANK AG | |||||||
| 1 | 1 | 1 | 0 | 0 | 0 | AND BARCLAYS BANK | 26.800000000000 |
| (no name) | |||||||
| 1 | 0 | 0 | 0 | 0 | 0 | ||
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (3 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Type Of AssistanceTypeOfAssistance |
|---|---|---|
| David Heebner | UNIVERSITY TRUSTEE | MR HEEBNER'S NIECE RECEIVED SCHOLARSHIP GRANTS Amount $ 17440. |
| sophie vandebroek | UNIVERSITY TRUSTEE | MS VANDEBROEK'S SON RECEIVED SCHOLARSHIP GRANTS Amount $ 5000. |
| JOHN ORR | PROVOST | DR ORR'S SON WORKED IN A SUMMER RESEARCH INTERNSHIP PROGRAM Amount $ 2620. |
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| DONALD K PETERSON | |||
| MR PETERSON IS A TRUSTEE OF WPI AND A DIRECTOR OF TIAA/CREF | 8908234 | TIAA/CREF HOLDS A PORTION OF THE ASSETS OF WPI'S DEFINED CONTRIBUTION RETIREMENT PLAN, INCLUDING ELECTIVE EMPLOYEE CONTRIBUTIONS | 0 |
| DENNIS BERKEY | |||
| DR BERKEY IS PRES/CEO OF WPI AND A DIRECTOR OF UMASS MEM HEALTH CARE SYSTEM | 129206 | WPI PAYS A MONTHLY FEE TO THE UMASS MEMORIAL HEALTH CARE SYSTEM FOR SELECTED EMERGENCY HEALTH SERVICES FOR WPI STUDENTS. UMASS MEMORIAL HEALTH CARE SYSTEM ALSO RENTS PARKING SPACES FROM WASHBURN PARK INC. THE RENTAL AMOUNT PAID IN FISCAL YEAR 2010 WAS $162,000. | 0 |
| DENNIS BERKEY PHILIP MORGAN LIND | |||
| ALL INDIVIDUALS ARE DIRECTORS OF WPI AND DIRECTORS OF MASS BIOMEDICAL | 202320 | NEWGATE PROPERTIES LLC AND WASHBURN PARK INC RECEIVE RENTAL INCOME AND A PARKING FEE FROM MASS BIOMEDICAL INITIATIVES. NEWGATE PROPERTIES LLC IS 100% OWNED BY WPI AND WPI IS THE SOLE MEMBER OF WASHBURN PARK INC. | 0 |
| PHILIP MORGAN | |||
| TRUSTEE OF WPI AND BOARD MEMBER OF WORCESTER BUSINESS DEVELOPMENT CORP | 482471 | WORCESTER BUSINESS DEVELOPMENT CORP RECEIVED PAYMENTS FROM WPI IN FY10 RELATING TO A CONSULTING AGREEMENT AND A NOTE (DESCRIBED BELOW). | 0 |
| PHILIP MORGAN | |||
| TRUSTEE OF WPI AND BOARD MEMBER OF WORCESTER BUSINESS DEVELOPMENT CORP | 1766400 | On March 26, 2010, the University acquired THE WBDC 50% interest in Gateway Park LLC in exchange for a $2,000,000 interest free note with a fair value of $1,766,000, payable to WBDC in monthly installments over five years. Washburn Park Inc, a newly created not-for-profit corporation, in which the University is the sole member, on the same day acquired substantially all of the assets, consisting of the parking garage and additional parcels of land, previously owned by New Garden Park Inc (a tax-exempt organization) in exchange for assuming $4,212,000 of its outstanding debt. The University and WBDC previously co-managed New Garden Park Inc. WBDC will continue to work with the University on a consulting basis being paid $200,000 annually for two years. | 0 |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 845 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | SCIENTIFIC APPARATUS | 2 | 450000 | COST |
| X | FITNESS EQUIPMENT | 1 | 900 | COST |
| X | COMPUTER EQUIPMENT | 3 | 24578 | COST |
| X | MISCELLANEOUS | 23 | 3727 | COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | Prior to filing form 990, management reviews the completed form 990 with the Audit committee of the board of trustees. AFTER APPROVAL BY THE AUDIT COMMITTEE, MANAGEMENT WILL MAKE THE FORM AVAILABLE TO ALL TRUSTEES FOR REVIEW PRIOR TO FILING. |
| Form 990, Part VI, Section B, line 12c | As part of the WPI Conflict of Interest policy, all WPI Trustees and Key Employees (as defined under IRS rules) are required to submit annually a Conflict of Interest Annual Disclosure Statement, in which they affirm that they: (a.) have received a copy of the WPI Conflict of Interest Policy, (b.) have read and understand the Policy, (c.) agree to comply with the Policy, and (d.) understand that WPI, as a tax-exempt organization, must restrict its activities primarily to those for which its tax-exempt status was granted. Additionally, as part of the Annual Disclosure Statement process, Trustees and Key Employees of WPI are asked to outline in a separate letter any possible conflict of interest and any significant Financial Interest with WPI or any WPI-related entity. All Annual Disclosure Statements are submitted to the UNIVERSITY COMPLIANCE OFFICER, who reviews them, consolidates the comments and presents a report to the WPI Audit Committee. Upon receipt of the COMPLIANCE OFFICERS report, the Audit Committee reviews the findings and takes any necessary and appropriate action. The audit Committee then reports to the full Board on the findings and any actions taken by the committee. |
| Form 990, Part VI, Section B, line 15 | The process for determining compensation for the Organizations CEO and other top management is modeled after the requirements in Internal Revenue Code Section 4958 to establish the presumption of reasonable compensation. Compensation IS reviewed and approved by a Compensation Committee (the Committee) of the Board, which is comprised of independent persons. By engaging an independent compensation consultant, the Committee considerS comparable market data from published surveys and Form 990 of comparable organizations in evaluating the compensation for each individual. The Committee conductS a review of this comparability data and documentS its deliberation and discussion in minutes that are retained with the other governance materials of the Organization. The Committee followS the process to establish the presumption that compensation paid to the Organizations CEO and other top management for purposes of Section 4958 by relying on professional advice in the written opinion of reasonableness from the independent compensation consultant. |
| Form 990, Part VI, Section C, line 19 | The Institute maintains copies of itS governing documents, conflict of interest policy, and finanicial statements on its website (www.wpi.edu). |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| NEWGATE PROPERTIES LLC | |||||||||
| 100 INSTITUTE ROAD | WORCESTER | MA | 01609 | 203150492 | REAL ESTATE DEVELOPMENT | MA | 461078 | 36188198 | WORCESTER POLYTECHNIC INSTITUTE |
| 75 GROVE STREET LLC | |||||||||
| 100 INSTITUTE ROAD | WORCESTER | MA | 01609 | 260370842 | REAL ESTATE DEVELOPMENT | MA | 1771295 | WORCESTER POLYTECHNIC INSTITUTE | |
| GATEWAY PARK LLC | |||||||||
| 100 INSTITUTE ROAD | WORCESTER | MA | 01609 | 043494779 | REAL ESTATE DEVELOPMENT | MA | 7278350 | WORCESTER POLYTECHNIC INSTITUTE | |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASHBURN PARK INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 INSTITUTE ROAD | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01609 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271189816 | EIN |
| Primary Activities | PARKING GARAGE FACILITY | PrimaryActivities |
| Legal Domicile State | MA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | Line 9 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WORCESTER POLYTECHNIC INSTITUTE | BusinessNameLine1 |
| 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 | 1 | 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 | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | 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 (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| WASHBURN PARK INC | |
| D | 9931667 |
| WASHBURN PARK INC | |
| J | 45900 |