2011-02-03T14:57:44-06:00 2010-06-30 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2009-07-01 042105777 Eastern nazarene college EAST 6177453000 23 east elm avenue quincy MA 02170 JAN WEISEN 6177453000 2011-02-03 1 DAVID A DIIULIS 6174711120 2011-02-03 2009 2016-02-24 21:20:13Z jan weisen 23 EAST ELM AVENUE Quincy MA 02170 29331778 0 X www.enc.edu X 1920 MA The mission of Eastern Nazarene College is to serve God, the Church, and the World by providing a quality liberal arts education to students of all ages. Consistent with its Wesleyan heritage, ENC seeks to create and maintain an environment which awakens and fosters truth, righteousness, justice and holiness as made possible by Gods transforming grace through Jesus Christ. 41 41 745 100 0 0 3887943 3131789 17656056 16902709 -1167710 654948 -527243 10575 19849046 20700021 1129948 1181430 0 12399560 11597054 0 846867 9105963 8083787 22635471 20862271 -2786425 -162250 51213740 50871275 23091230 23051544 28122510 27819731 The mission of Eastern Nazarene College is to serve God, the Church, and the World by providing a quality liberal arts education to students of all ages. Consistent with its Wesleyan heritage, ENC seeks to create and maintain an environment which awakens and fosters truth, righteousness, justice and holiness as made possible by Gods transforming grace through Jesus Christ. 0 0 11333215 1181430 17580170 College grants bachelor and master degrees to qualified candidates upon satisfactory completion of their program requirements. To accomplish this purpose, the College enrolled 1,300 full and part-time undergraduate and graduate students, with a vast majority of these students living in campus housing. The College operates a bookstore and cafeteria for the primary use of the students, faculty, and staff. The College operates housing facilities for students, faculty, and staff to meet the existing needs for such facilities. 11333215 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 67 0 1 745 1 0 0 0 0 0 0 0 0 0 1 1 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X business office 6177453000 23 east elm avenue quincy MA 02170 ARTHUR ALEXANDER 0.60 X 0 0 0 JANELLE BEILER 0.60 X 0 0 0 DEL BIEBER 0.60 X 0 0 0 JERRY BOHALL 0.60 X 0 0 0 JOHN BOWEN 0.60 X 0 0 0 BILL CARR 0.60 X 0 0 0 Dan Chung 0.60 X 0 0 0 JOANNA CLARK 0.60 X 0 0 0 JEFF COOK 0.60 X 0 0 0 WEBB CORBIN 0.60 X 0 0 0 STEPHEN DILLMAN 0.60 X 0 0 0 BECKY DUNMAN 0.60 X 0 0 0 WILLIAM DYMENT 0.60 X 0 0 0 JOHN EVANS 0.60 X 0 0 0 J PHILLIP FULLER 0.60 X 0 0 0 WENTON FYNE 0.60 X 0 0 0 THOMAS GOLDEN 0.60 X 0 0 0 GEORGE GRESSETT 0.60 X 0 0 0 CECIL JONES 0.60 X 0 0 0 JAY LEWIS 0.60 X 0 0 0 RUSSELL LONG 0.60 X 0 0 0 KENNETH MILLS 0.60 X 0 0 0 JOSSIE OWENS 0.60 X 0 0 0 ALLEN PAYNE 0.60 X 0 0 0 JONATHAN RUSSELL 0.60 X 0 0 0 NEWELL SMITH 0.60 X 0 0 0 KENNETH STANFORD 0.60 X 0 0 0 WAVNY TOUSSAINT 0.60 X 0 0 0 SAM VASSEL 0.60 X 0 0 0 TIMOTHY BROWN 0.60 X 0 0 0 KIM GARRETT 0.60 X 0 0 0 STEVE SCOTT 0.60 X 0 0 0 CHARLES TILMAN 0.60 X 0 0 0 don bausman jr 0.60 X 0 0 0 david cramer 0.60 X 0 0 0 rebecca gentzler 0.60 X 0 0 0 michelle kindt 0.60 X 0 0 0 yves latouche 0.60 X 0 0 0 david mann 0.60 X 0 0 0 matthew smith 0.60 X 0 0 0 kelly tatum 0.60 X 0 0 0 corlis mcgee 40.00 X 196407 0 31460 NANCY ROSS 40.00 X 98460 0 20511 VERNON WESLEY 40.00 X 92833 0 17281 KENDALL WHITTINGTON 40.00 X 102200 0 21829 Jan Weisen 40.00 X 106851 0 22185 TIMOTHY WOOSTER 40.00 X 107575 0 31153 corey macpherson 40.00 X 71400 0 29523 lorne ranstrom 40.00 X 100822 0 27799 LYNNETTE MCCABE 0.60 X 0 0 0 CINDY SAINSBURY 0.00 X 0 0 0 JOYCE KLITTICH 0.00 X 0 0 0 876548 0 201741 5 0 1 0 harvard pilgrim health care po box 970050 boston MA 02297 health insurance 1625166 pioneer college caterers inc 82 hart street nashville TN 37210 caterer 808062 garda security inc 3636 solutions center chicago IL 60677 security 373246 america's christian cu po box 60097 city of industry CA 91716 credit card services 309820 nationwide life insurance company one batterymarch park quincy MA 02169 health insurance 150335 11 46372 407900 2677517 3131789 Tuition and Fees 900099 13295555 13295555 Room and Board 900099 3607154 3607154 16902709 240472 240472 393390 1021493 -628103 -628103 -628103 7663829 7249353 414476 414476 414476 11877 46372 50660 -38783 -38783 401867 310251 91616 91616 Miscellaneous Fees and 900099 585845 585845 585845 20700021 17580170 0 -11938 1181430 1181430 682560 283560 297000 102000 8271320 5704916 2257452 308952 457009 287440 146226 23343 1479025 1033019 385019 60987 707140 422207 257052 27881 36310 218 33900 2192 53000 53000 47130 47130 1084725 174690 884705 25330 753034 628673 101619 22742 1305313 814825 364431 126057 21564 1403 19981 180 3451 3451 1076283 89363 986920 308705 193368 73713 41624 71045 20486 37410 13149 474162 474162 1639351 1639351 207589 18344 189245 REPAIRS AND MAINTENANCE 500247 350435 148302 1510 MISCELLANEOUS EXPENSES 301351 93772 163789 43790 BAD DEBTS 200527 31615 168912 0 20862271 11333215 8682189 846867 486120 359558 2502194 1822533 194949 169809 1256279 1473436 1189335 1323684 239410 247946 144718 169644 49514350 25015168 25051350 24499182 19661735 20253113 487650 552370 51213740 50871275 2081762 2005513 101415 117626 18118861 18123248 2110000 2150100 679192 655057 23091230 23051544 X 16916551 16130459 3282265 3354212 7923694 8335060 28122510 27819731 51213740 50871275 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11773262 447239 92059 2850 14649 37937 12257124 11989774 449687 -180530 369011 37008 79650 11773262 0.09000 0.68000 0.23000 0 0 934859 934859 12289905 6184981 6104924 22785758 7607339 15178419 13503828 11222848 2280980 24499182 REAL ESTATE HELD FOR INVESTMENT PURPOSES 13021928 F public securities 1274603 F privately held securities 28000 F mutual funds 5685072 F limited partnership 243510 F 20253113 Government Grants Refundable 655057 655057 20700021 20862271 -162250 -140529 -140529 -302779 21528905 -140529 -140529 21669434 47130 -1016543 -969413 20700021 21831684 1016543 1016543 20815141 47130 47130 20862271 Part V, Line 4: Description of Intended Use of Endowment Funds: the college's endowment funds are largely comprised of scholarship funds. the goal of the college's endowment spending and distribution policy is to preserve the purchasing power of the endowment and provide predictable support of these scholarships, as well as operations. Part X: Description of Uncertain Tax Positions Under FIN 48: form 990, part xi, line 2b: Income Taxes United States of America generally accepted accounting principles require an entity to assess the probability that a tax position has a more likely than not sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Interest and penalties, if any, related to assessments by tax authorities will be classified as a component of interest expense and other expense, respectively, in the statements of activities and changes in nets assets. A tax position may be considered as taken any time a taxpayer chooses amongst alternatives that affect the amount of their tax obligations and include for example: tax exempt status; status of a pass-through entity (S Corporations, LLCs, etc.); decisions made in the process of conforming with tax laws; decisions not to file in certain jurisdictions; allocation of income between jurisdictions; and the characterization of income or expenses. Tax returns are routinely open for review by the tax authorities for three years from their due date. In certain circumstances the statute of limitations may remain open indefinitely. The College has been notified by the Internal Revenue Service that it meets the qualifications to be classified as a tax exempt entity under section 501(c)(3) of the Internal Revenue Code. Since the continuance of this status is based upon continuing qualification, the College has identified this as a tax position. However, it has determined that this tax position meets "more likely than not" sustainability and does not result in an uncertainty requiring recognition. form 990, schedule d, part xii, line 4b: rental expenses (mortgage interest) allocated to net rental income or (loss) (655,632) direct expenses allocated to net income or (loss) from fundraising events (50,660) cost of goods sold allocated to net income or (loss) from sales of inventory (310,251) Total (1,016,543) form 990, schedule d, part xii, line 4b: rental expenses (mortgage interest) allocated to net rental income or (loss) 655,632 direct expenses allocated to net income or (loss) from fundraising events 50,660 cost of goods sold allocated to net income or (loss) from sales of inventory 310,251 Total 1,016,543 1 1 1 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN CATALOGS, FINANCIAL AID AND REGISTRATION INFORMATION, MAILINGS, AND EMPLOYEE HANDBOOK. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES CERTAIN FINANCIAL ASSISTANCE FROM GOVERNMENT AGENCIES TO PROVIDE AID TO STUDENTS FOR TUITION, BOOKS, AND OTHER EDUCATIONAL EXPENSES. 1 Celebration Dinner 58249 46372 11877 5697 42291 2672 58249 46372 11877 5697 42291 2672 50660 -38783 1 FEDERAL AND STATE FINANCIAL AID 1100 367621 VARIOUS INSTITUTIONAL SCHOLARSHIPS 1100 813809 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: the college first inspects charges to ensure that they are appropriate and allowable. this includes checking clerical accuracy, reviewing balances, and checking compliance wtih applicable agency and federal guidelines. the college also makes sure that the expense falls within the required category and budgetary amount. this includes reviewing expense categories, rebudgeting or transferring expenses as needed, and determining if the award will be underspent at the end of the budget or grant period. X X 0 0 0 0 0 0 0 0 0 corlis mcgee 196407 0 0 0 0 0 0 0 31460 0 227867 0 0 0 Form 990, Part VI, Section B, line 11 BOARD MEMBERS REVIEWED AND EXAMINED FORM 990 FOR ACCURACY. UPON BOARD APPROVAL THIS FORM IS FILED. Form 990, Part VI, Section B, line 12c trustees and key employees are required to attest annually to their familiarity with the college's conflict of interest policy. Form 990, Part VI, Section B, line 15 a delegated committee of the board of trustees is responsible for deliberating and deciding on an appropriate compensation for the president, vice-presidents, and other key employees. this committee consists of impartial decision makers; utilizes comparability date; and documents all decisions and deliberations. Form 990, Part VI, Section C, line 19 the college does not make its governing documents and conflict of interest policy available to the public. the College's financial statements are required to be attached to the college's state informational return (i.e. massachusetts form pc) on an annual basis. both the college's state informational return and financial statements are available to the public via the massachusetts attorney general's website. form 990, part xi, line 2c: the process of overseeing the audit of the college's financial statements and the selection of an independent accountant has not changed from the prior year. EASTERN NAZARENE COLLEGE FOUNDATION 23 EAST ELM AVENUE QUINCY MA 02170 205469178 PROVIDE SUPPORT AND GUIDANCE TO THE COLLEGE MA 501(C)(3) 11A TYPE I N/A mary c runnels charitable trust 23 EAST ELM AVENUE QUINCY MA 02170 016149276 PROVIDE SUPPORT TO THE COLLEGE MA 501(C)(3) 11A TYPE I N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0