2011-05-16T14:00:15-05:00 2010-06-30 990 2009-07-01 042121659 WORCESTER POLYTECHNIC INSTITUTE WORC 5088315000 100 INSTITUTE ROAD WORCESTER MA 016092280 JEFF SOLOMON 5088315000 2011-05-10 2009 2016-02-24 21:20:13Z JEFFREY SOLOMON 100 INSTITUTE ROAD WORCESTER MA 01609 212705052 0 X WPI.EDU X 1865 MA POST SECONDARY EDUCATION 31 30 2866 879 82264 -39829 34100685 22324144 153833094 184723606 8923842 5657222 252173 80 197109794 212705052 46428922 54307721 0 85459778 91272441 0 3890245 64698437 65030958 196587137 210611120 522657 2093932 563685880 663586114 195235887 263371447 368449993 400214667 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) 0 0 124182361 52111256 157866755 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. 5017197 7106075 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. 14246082 1596465 15117369 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. 26243409 4633407 26243409 4633407 169689049 1 1 0 1 0 0 1 0 1 1 1 1 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 438 0 1 2866 1 1 1 1 CJ CA EI NT 0 0 0 0 0 0 0 0 0 0 0 0 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X X CHARLENE BELLOWS 5088315577 100 INSTITUTE ROAD WORCESTER MA 01609 PAUL R BESWICK 2.00 X 0 0 0 JENNIFER DAVIS CAREY 2.00 X 0 0 0 CURTIS R CARLSON 2.00 X 0 0 0 RICHARD F CONNOLLY JR 2.00 X 0 0 0 MICHAEL J DOLAN 2.00 X 0 0 0 THEODORE L DYSART 2.00 X 0 0 0 DANIEL FARRAR 2.00 X 0 0 0 WARNER S FLETCHER 2.00 X 0 0 0 BERNARD M GORDON 2.00 X 0 0 0 STEVEN C HALSTEDT 2.00 X 0 0 0 DAVID K HEEBNER 2.00 X 0 0 0 STUART C KAZIN 2.00 X 0 0 0 FRANCESCA MALTESE 2.00 X 0 0 0 ROBERT R MARTIN 2.00 X 0 0 0 LINDA McGOLDRICK 2.00 X 0 0 0 JOHN T MOLLEN 2.00 X 0 0 0 PHILIP R MORGAN 2.00 X 0 0 0 JUDITH NITSCH 2.00 X 0 0 0 GEORGE R OLIVER 2.00 X 0 0 0 KAREN TEGAN PADIR 2.00 X 0 0 0 DONALD K PETERSON 2.00 X 0 0 0 SCOTT W RAMSAY 2.00 X 0 0 0 STEPHEN E RUBIN 2.00 X 0 0 0 FREDERICK D RUCKER 2.00 X 0 0 0 PHILIP B RYAN 2.00 X 0 0 0 SOPHIE VANDEBROEK 2.00 X 0 0 0 RICHARD D WILLETT II 2.00 X 0 0 0 DOROTHEA C WONG 2.00 X 0 0 0 GLENN YEE 2.00 X 0 0 0 MICHAEL P ZARRILLI 2.00 X 0 0 0 DENNIS D BERKEY 40.00 X X X 734473 0 83870 JEFFREY SOLOMON 40.00 X X 342020 0 92129 STEPHANIE PASHA 40.00 X 92623 0 13660 A TRACY HASSETT 40.00 X 159542 0 33115 RICHARD ROGAN 40.00 X 112638 0 48387 JOHN ORR 40.00 X 324197 0 74184 D'ANNE HURD 40.00 X 188788 0 30179 DEXTER BAILEY 40.00 X 255829 0 56039 DIRAN APELIAN 40.00 X 255347 0 31392 STEPHEN FLAVIN 40.00 X 326452 0 33756 YI Hu MA 40.00 X 227328 0 33833 GRETAR TRYGGVASON 40.00 X 227993 0 34718 KRISTIN R TICHENOR 40.00 X 196072 0 55737 THOMAS J LYNCH III 40.00 X 307907 0 60723 3751209 0 681722 175 1 1 1 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 66 6179751 16144393 480050 22324144 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 184723606 5654427 5654427 2795 2795 80 80 212705052 190298644 82264 0 1596465 1596465 52711256 52711256 3237765 2455625 782140 69505785 63414268 4417877 1673640 5481048 5000687 348382 131979 8569218 5291207 2884684 393327 4478625 4086116 284667 107842 384333 382723 1610 192600 192600 234371 234371 945806 945806 8322892 7297505 904349 121038 1375131 940714 430965 3452 2586641 2498397 68695 19549 6609363 6324997 267394 16972 2357722 2109934 158373 89415 1969555 1478897 230187 260471 6556737 6556737 13527130 13527130 550491 846 549645 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 4727409 2871868 1655451 200090 210611120 169689049 37031826 3890245 X 11141422 19854459 18180203 20039782 1185743 2319221 21701841 22550609 4606708 4917468 326873913 135568562 185817482 191305351 138658217 136654873 168560754 196876976 13833510 69067375 563685880 663586114 14672850 17931051 7323030 7879019 134319528 188468473 7470000 15981567 31450479 33111337 195235887 263371447 X 175801905 197121654 79313088 78613287 113335000 124479726 368449993 400214667 563685880 663586114 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 234371 234371 207609990 207844361 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 297232 308744 395596 234371 1235943 250000 250000 250000 250000 1000000 1500000 0 0 0 0 X X 0 279218880 8973190 31544552 6424672 14494260 298817690 368133078 7107921 -76056500 6325864 13639755 279218880 0.44930 0.34680 0.20380 0 0 7935322 7935322 261107799 106058061 155049738 8003898 5223680 2780218 36391527 24286821 12104706 13435367 13435367 191305351 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 196876976 FUNDS HELD UNDER BOND AGREEMENTS 52993433 SPLIT-INTEREST AGREEMENTS 16073942 69067375 SPLIT INTEREST AGREEMENTS 9531587 FUNDS HELD FOR OTHERS 2857503 REFUNDABLE GOVERNMENT LOAN FUNDS 6791609 ASSET RETIREMENT OBLIGATIONS 5049002 INTEREST RATE AGREEMENTS 8881636 33111337 212705052 210611120 2093932 29162796 507946 29670742 31764674 191821416 29162796 2664824 31827620 159993796 52711256 52711256 212705052 160057350 2157486 2157486 157899864 52711256 52711256 210611120 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: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: 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. 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 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE GOVERNMENT IN THE FORM OF 34A TITLE IV AID. 1 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. 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 19 6 1291988 1 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 13 7 SCHOLARSHIPS 3177 52711256 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. X X X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 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 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 Supplemental Information 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. 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 86922372 43452647 1120319 41465947 2008 1 0 1 1 48995000 48650000 325962 2008 1 0 1 1 2928763 46736499 603966 2928763 0 0 0 1 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 1 0 0 0 0 0 1 1 1 DEUTSCHE BANK AG AND BARCLAYS BANK 26.800000000000 0 0 0 1 0 0 0 0 0 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. 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 X 845 SELLING PRICE X SCIENTIFIC APPARATUS 2 450000 COST X FITNESS EQUIPMENT 1 900 COST X COMPUTER EQUIPMENT 3 24578 COST X MISCELLANEOUS 23 3727 COST 1 0 1 0 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). 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