2026-05-05T15:50:11-05:00 2025-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-07-01 061519057 FRANKLIN W OLIN COLLEGE OF ENGINEERING INC FRAN 7812922300 1000 OLIN WAY NEEDHAM MA 024921200 R MAY LEE PRESIDENT 7812922300 2026-05-04 1 1 CRAIG KLEIN P00734640 6178075000 2026-05-04 2024 2025-03-06 01:10:19Z R MAY LEE 1000 OLIN WAY NEEDHAM MA 024921200 61318319 0 X WWW.OLIN.EDU X 1997 MA HIGHLY SELECTIVE FOUR-YEAR UNDERGRADUATE ENGINEERING COLLEGE WITH A UNIQUE INTERDISCIPLINARY, PROJECT-BASED CURRICULUM EMPHASIZING ENTREPRENEURSHIP, LIBERAL ARTS, AND RIGOROUS SCIENCE AND ENGINEERING FUNDAMENTALS. 13 12 456 157 372634 178446 2834018 2666248 28573606 31959200 5990551 4669229 1564072 1548302 38962247 40842979 15045145 17064393 0 0 21157206 21930947 0 0 1276685 26437554 27185852 62639905 66181192 -23677658 -25338213 500657439 511011583 162885431 162886376 337772008 348125207 X OLIN COLLEGE PREPARES STUDENTS TO BECOME EXEMPLARY ENGINEERING INNOVATORS WHO RECOGNIZE NEEDS, DESIGN SOLUTIONS, AND ENGAGE IN CREATIVE ENTERPRISES FOR THE GOOD OF THE WORLD. OLIN IS DEDICATED TO CONTINUAL DISCOVERY AND DEVELOPMENT OF EFFECTIVE LEARNING APPROACHES AND ENVIRONMENTS, AND TO CO-DEVELOPING EDUCATIONAL TRANSFORMATION WITH COLLABORATORS AROUND THE GLOBE. 0 0 51617234 17064393 32261865 FOUNDED IN 1997, FRANKLIN W. OLIN COLLEGE OF ENGINEERING, INC. (OLIN OR THE COLLEGE) IS AN UNDERGRADUATE ENGINEERING INSTITUTION WITH A MISSION TO TRANSFORM ENGINEERING EDUCATION TOWARD A WORLD IN WHICH ENGINEERING SERVES EVERYONE. THE COLLEGE HAS APPROXIMATELY 387 STUDENTS FROM AROUND THE WORLD AND HAS ATTRACTED 1,154 APPLICANTS FOR THE FALL 2025 ENTERING CLASS. OLIN'S INNOVATIVE APPROACH TO ENGINEERING EDUCATION STRESSES PROJECT-BASED, INTERDISCIPLINARY LEARNING AND FOCUSES ON HELPING ENGINEERS UNDERSTAND THE REAL-WORLD IMPACT OF THEIR WORK, AS WELL AS DEVELOP SKILLS TO TACKLE THE WORLD'S MOST IMPORTANT PROBLEMS, AND BE PASSIONATE ABOUT SERVING PEOPLE, SOCIETY, AND THE PLANET. EVERY ADMITTED STUDENT RECEIVES AN EIGHT SEMESTER HALF TUITION MERIT SCHOLARSHIP OVER FOUR YEARS. THE COLLEGE IS ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION (FORMERLY A PART OF NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES) AND THE COLLEGE'S THREE DEGREE PROGRAMS ARE ACCREDITED BY ABET, THE ACCREDITING ORGANIZATION FOR ENGINEERING PROGRAMS. 298262 837222 OLIN IS COMMITTED TO ADVANCING A VISION OF ENGINEERING FOR EVERYONE THROUGH IMPACT-CENTERED EDUCATION, WHICH FOCUSES NOT ONLY ON PREPARING STUDENTS TO HAVE IMPACT BUT ALSO ON ENGAGING STUDENTS IN CREATING AUTHENTIC IMPACT AND IN MAKING THE WORLD A BETTER PLACE. AS PART OF THIS STRATEGY, OLIN ENGAGES IN COLLABORATIVE ACTIVITIES WITH INDUSTRY PARTNERS, COMMUNITY ORGANIZATIONS, AND ACADEMIC INSTITUTIONS AROUND THE WORLD (INCLUDING NEIGHBORING BABSON AND WELLESLEY COLLEGES). OLIN'S EXTERNALLY FACING PROGRAMS INCLUDE FACULTY DEVELOPMENT WORKSHOPS, EDUCATIONAL CONSULTING SERVICES, AND LIFELONG LEARNING EXPERIENCES FOR ALUMNI AND ENGINEERING PROFESSIONALS. THROUGH THESE PROGRAMS AND PARTNERSHIPS, OLIN FULFILLS ITS ASPIRATION TO BE AN IMPORTANT AND CONSTANT CONTRIBUTOR TO THE ADVANCEMENT OF ENGINEERING EDUCATION AND TO DO GOOD FOR HUMANKIND. 51915496 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 551 0 1 456 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CA MI X JENNIFER EDMONDS 7812922417 1000 OLIN WAY NEEDHAM MA 024921200 GILDA BARABINO PRESIDENT/TRUSTEE (EX-OFFICIO) 50.00 X X 736571 0 56391 JEANNIE DIEFENDERFER CHAIR 4.00 X X 0 0 0 GEORGE MILNE JR VICE CHAIR (UNTIL OCT 2024) 2.00 X X 0 0 0 BRUCE HERRING VICE CHAIR (SINCE OCT 2024) 2.00 X X 0 0 0 RICHARD T ROCA CLERK (UNTIL OCT 2024) 2.00 X X 0 0 0 CHRIS WALLACE CLERK (SINCE OCT 2024) 2.00 X X 0 0 0 MAIA BITTNER TRUSTEE (UNTIL OCT 2024) 2.00 X 0 0 0 AL BUNSHAFT TRUSTEE 2.00 X 0 0 0 CHEE CHEW TRUSTEE 2.00 X 0 0 0 LEE EDWARDS TRUSTEE 2.00 X 0 0 0 SCOTT HARRIS TRUSTEE 2.00 X 0 0 0 LUKE MORRIS TRUSTEE 2.00 X 0 0 0 WILLIAM B NORDEN TRUSTEE 2.00 X 0 0 0 GILL PRATT TRUSTEE (SINCE APR 2025) 2.00 X 0 0 0 MICHAEL SUTTON TRUSTEE 2.00 X 0 0 0 NATE SMITH TRUSTEE (SINCE JULY 2024) 2.00 X 0 0 0 ALYSON GOODROW CHIEF MARKETING & COMM. OFFICER 50.00 X 178571 0 13946 DONNA GOLEMME VP FOR FINANCE & ADMINISTRATION 50.00 X 329721 0 54468 NICHOLAS MACKE CHIEF HR OFFICER 50.00 X 194003 0 29903 ALBERT SACCO JR CHIEF ACADMEIC OFFICER & PROVOST 50.00 X 452880 0 27036 LAUREN TAAFFE VICE PRESIDENT & CHIEF OF STAFF 50.00 X 225356 0 17471 CHRISTOPHER LEE ASSOCIATE DEAN 50.00 X 189021 0 54608 RICHARD OSTERBERG CHIEF INFORMATION OFFICER 50.00 X 198149 0 30718 JENNIFER EDMONDS ASSOCIATE VP FOR FINANCE/CONTROLLER 50.00 X 186852 0 57552 ROBERT MARTELLO PROFESSOR 50.00 X 179598 0 48837 CHARLES JASON WOODARD PROFESSOR 50.00 X 171987 0 50959 ALISHA SARANG-SIEMINSKI FORMER DEAN OF THE COLLEGE 50.00 X 218233 0 19052 JESSICA TOWNSEND FORMER INTERIM ACAD VP FOR EXT ENG 50.00 X 203914 0 43528 JEREMY GOODMAN FMR. VP ADMIN SERVICES & INNOVATION 50.00 X 171077 0 18048 MARK SOMERVILLE FORMER PROVOST 50.00 X 122045 0 35888 3757978 0 558405 63 1 1 0 SUMMIT ROCK 9 WEST 57TH STREET 12TH FLOOR NEW YORK NY 10019 INVESTMENT ADVISORS & MANAGEMENT FEES 2800193 ARAMARK FACILITIES SERVICES PO BOX 33170 NEWARK NJ 07188 FACILITY SERVICES MANAGEMENT 2547430 REBECCA'S COMMISSARY INC 99 SOUTH BEDFORD STREET SUITE 7 BEDFORD MA 01803 DINING SERVICES 2022479 BABSON COLLEGE 231 FOREST STREET BABSON PARK MA 02457 SHARED ADMINISTRATION 659601 ZVI CONSTRUCTION LLC 6909 SW 18TH STREET STE A103 BOCA RATON FL 33433 BUILDING CONTRACTORS 392500 15 492009 2174239 19791 2666248 TUITION & FEES 611310 31121978 31121978 EXTERNAL ENGAGEMENT REVENUE 611310 837222 837222 31959200 3345719 106063 3239656 569327 160912 408415 408415 214730 193685 21637938 20314428 1323510 1323510 51841 1271669 OTHER INCOME 900099 1139887 1139887 1139887 40842979 33099087 372634 4705010 11345 11345 16477013 16477013 576035 576035 2303142 478903 1605930 218309 15076504 11034823 3483576 558105 939787 687851 217147 34789 2449638 1792944 566013 90681 1161876 850402 268463 43011 270431 1626 268805 146461 146461 2178027 2178027 5709665 4044042 1542180 123443 123111 14373 108738 1377090 847103 445524 84463 1412376 624998 726159 61219 7576227 7138231 429814 8182 487565 368143 98161 21261 157790 105762 47727 4301 4056548 3902513 149567 4468 329664 9503 320161 DINING & FACILITY MGMT 1756476 1756476 MAINTENANCE & REPAIRS 596424 515526 80371 527 BOOKS & MAGAZINES 207979 195871 4456 7652 STUDENT STIPENDS 182087 182087 617931 299926 301731 16274 66181192 51915496 12989011 1276685 2736084 2422722 1348569 759082 159293 121255 969690 1095792 15340 15607 1739985 2851689 168325127 104225477 66059612 64099650 78464869 85736536 347471385 352281538 1692612 1627712 500657439 511011583 5852706 6484081 978453 561265 143952667 145198917 12101605 10642113 162885431 162886376 X 38309367 34866156 299462641 313259051 337772008 348125207 500657439 511011583 X -25338213 35699042 -1746 -5884 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 6625 6625 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS (AICUM). AICUM IS THE LEADING VOICE ON PUBLIC POLICY MATTERS RELATING TO INDEPENDENT HIGHER EDUCATION IN MASSACHUSETTS. AICUM ENGAGES IN LOBBYING ACTIVITIES. THEREFORE, AN UNDETERMINED PORTION OF THE DUES PAID BY THE COLLEGE TO AICUM MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. $6,625 DUES WERE PAID IN FY25, THE COLLEGE CONTINUES TO BE A MEMBER OF THE ASSOCIATION. 425936254 122778 40762766 17046252 11757472 438018074 409755639 205011 39483729 15018410 8489715 425936254 419072981 350394 16875683 13701356 12842063 409755639 455637223 368173 -16481353 13704354 6746708 419072981 369736884 638709 108539149 10617386 12660133 455637223 0.01641 0.02304 0.96055 0 0 14604513 14604513 136219132 92041844 44177288 14536402 12070409 2465993 2965080 113224 2851856 64099650 EQUITY FUNDS 83097767 F FIXED INCOME FUNDS 55545249 F REAL ASSET FUNDS 845054 F HEDGE FUNDS 88291932 F PRIVATE EQUITY FUNDS 109064155 F VENTURE CAPITAL FUNDS 15437381 F 352281538 INTEREST RATE AGREEMENT 642113 TAXABLE BONDS 10000000 10642113 X 57472770 35699042 -372958 35326084 22146686 2178027 16518266 18696293 40842979 47117825 0 47117825 2178027 16885340 19063367 66181192 PART V, LINE 4: MOST OF THE COLLEGE'S ENDOWMENT IS MADE UP OF THE OLIN ENDOWMENT, WHICH IS REQUIRED TO BE HELD IN PERPETUITY, SUBJECT TO THE EXCEPTIONS EXPLAINED BELOW, IN ORDER TO FUND MERIT SCHOLARSHIPS FOR ALL STUDENTS. THE GRANT AGREEMENT THAT CREATED THE OLIN ENDOWMENT PROVIDES FOR ITS USE IN CERTAIN CIRCUMSTANCES, SUCH AS FOR THE PAYMENT OF CERTAIN DEBT SERVICE SHOULD UNRESTRICTED NET ASSETS BE INSUFFICIENT FOR THAT PURPOSE, AND FOR CERTAIN CAPITAL OUTLAYS. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON MODIFICATION OF DEBT -372,958. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 17,046,252. RENTAL EXPENSES -160,912. CHANGE IN FMV INTEREST RATE AGREEMENT -367,074. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 17,046,252. RENTAL EXPENSES -160,912. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS QUESTION IS MARKED "NO" BECAUSE THE POLICY STATEMENT IS NOT LOCATED ON THE COLLEGE'S HOMEPAGE. HOWEVER, THE COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, AND ON ITS WEBSITE, OLIN.EDU AT HTTPS://WWW.OLIN.EDU/ADMISSION. FURTHER, THE COLLEGE INCLUDES A REFERENCE TO ITS RACIALLY NONDISCRIMINATORY POLICY IN WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS AND THE GENERAL PUBLIC OF ITS PROGRAMS, THE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE. THE COLLEGE DEMONSTRATES THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY BY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, PART I, LINE 6 FEDERAL GRANTOR/PASS-THROUGH GRANTOR/PROGRAM OR CLUSTER TITLE AND FEDERAL EXPENDITURES: DEPARTMENT OF EDUCATION: $1,169,232 NATIONAL SCIENCE FOUNDATION: $379,807 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION: $34,579 NATIONAL INSTITUTES OF HEALTH: $30,129 DEPARTMENT OF ENERGY: $25,678 NATIONAL ENDOWMENT FOR THE HUMANITIES: $19,326 U.S. BUREAU OF RECLAMATION: $2,489 TOTAL: $1,661,240 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 193008955 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS 178404 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS 303418 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS 87418 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES & TRAVEL 5785 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONFERENCES & TRAVEL 10635 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES & TRAVEL 3940 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 6796 0 0 0 0 0 0 193605351 0 193605351 MIDDLE EAST AND NORTH AFRICA MEMORIAL DONATION 6795 0 1 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 8 178404 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 13 303418 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIPS SOUTH AMERICA 5 87418 CREDIT TO STUDENT ACCOUNT FMV 1 0 1 1 0 0 PART I, LINE 2: OLIN COLLEGE PROVIDES ALL ACCEPTED STUDENTS WITH MERIT SCHOLARSHIPS WHICH COVER HALF OF THEIR TUITION AND ARE CREDITED DIRECTLY TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS ARE ONLY USED TO OFFSET TUITION CHARGES. THE COLLEGE PROVIDES ASSISTANCE TO CERTAIN NOT-FOR-PROFIT ORGANIZATIONS THAT SUPPORT THE COLLEGE AND/OR HAVE SIMILAR BELIEFS. THE ASSISTANCE IS CONSIDERED A DONATION. 1 NEED BASED FINANCIAL AID 151 0 5325989 FMV TUITION DISCOUNTS ROOM SCHOLARSHIP FOR RESIDENTIAL RESOURCES 10 0 123240 FMV ROOM DISCOUNTS SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT - FEDERAL AID REQUESTED 41 0 8477 FMV TUITION DISCOUNTS OLIN TUITION SCHOLARSHIP 386 0 11019307 FMV TUITION DISCOUNTS PART I, LINE 2: OLIN COLLEGE PROVIDES ALL ACCEPTED STUDENTS WITH MERIT SCHOLARSHIPS WHICH COVER HALF OF THEIR TUITION AND ARE CREDITED DIRECTLY TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS ARE ONLY USED TO OFFSET TUITION CHARGES. THE COLLEGE PROVIDES ASSISTANCE TO CERTAIN NOT-FOR-PROFIT ORGANIZATIONS THAT SUPPORT THE COLLEGE AND/OR HAVE SIMILAR BELIEFS. THE ASSISTANCE IS CONSIDERED A DONATION. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 GILDA BARABINO PRESIDENT/TRUSTEE (EX-OFFICIO) 642491 0 0 0 94080 0 25875 0 30516 0 792962 0 0 0 ALBERT SACCO JR CHIEF ACADMEIC OFFICER & PROVOST 422464 0 0 0 30416 0 25875 0 1161 0 479916 0 0 0 DONNA GOLEMME VP FOR FINANCE & ADMINISTRATION 325347 0 0 0 4374 0 25279 0 29189 0 384189 0 0 0 JESSICA TOWNSEND FORMER INTERIM ACAD VP FOR EXT ENG 134009 0 0 0 69905 0 11201 0 32327 0 247442 0 0 0 JENNIFER EDMONDS ASSOCIATE VP FOR FINANCE/CONTROLLER 186430 0 0 0 422 0 15238 0 42314 0 244404 0 0 0 CHRISTOPHER LEE ASSOCIATE DEAN 147347 0 0 0 41674 0 12708 0 41900 0 243629 0 0 0 LAUREN TAAFFE VICE PRESIDENT & CHIEF OF STAFF 223978 0 0 0 1378 0 16798 0 673 0 242827 0 0 0 ALISHA SARANG-SIEMINSKI FORMER DEAN OF THE COLLEGE 217768 0 0 0 465 0 16378 0 2674 0 237285 0 0 0 RICHARD OSTERBERG CHIEF INFORMATION OFFICER 179724 0 0 0 18425 0 15331 0 15387 0 228867 0 0 0 ROBERT MARTELLO PROFESSOR 143562 0 0 0 36036 0 11679 0 37158 0 228435 0 0 0 NICHOLAS MACKE CHIEF HR OFFICER 176236 0 0 0 17767 0 14997 0 14906 0 223906 0 0 0 CHARLES JASON WOODARD PROFESSOR 132889 0 0 0 39098 0 11655 0 39304 0 222946 0 0 0 ALYSON GOODROW CHIEF MARKETING & COMM. OFFICER 177200 0 0 0 1371 0 13376 0 570 0 192517 0 0 0 JEREMY GOODMAN FMR. VP ADMIN SERVICES & INNOVATION 63938 0 0 0 107139 0 5265 0 12783 0 189125 0 0 0 MARK SOMERVILLE FORMER PROVOST 106503 0 0 0 15542 0 8750 0 27138 0 157933 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVED A HOUSING ALLOWANCE OF $50,000 FOR THE CALENDAR YEAR 2024 WHILE THE ON-CAMPUS PRESIDENT'S HOME WAS BEING REDESIGNED AND RENOVATED. THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION. PART I, LINE 4A JEREMY GOODWIN RECEIVED $85,000 OF SEVERANCE IN CALENDAR YEAR 2024. A MDFA SERIES D 043431814 000000000 2013-05-09 38255000 PARTIAL REFUNDING OF SERIES C2 & C3 0 0 0 B MDFA SERIES E 043431814 57583UVPO 2013-05-09 66553326 REFUNDING OF SERIES B 0 0 0 C MDFA SERIES F 043431814 57584Y6T1 2023-08-22 50303587 REFUNDING REVENUE BONDS 0 0 0 D MDFA SERIES G 043431814 000000000 2025-04-10 47743714 REFUNDING REVENUE BONDS 0 0 0 A 38255000 187552 67478 2013 1 0 1 1 B 49612568 66553326 540230 107024 2013 1 0 1 1 C 50303587 593945 97074 2023 1 0 1 1 D 47743714 648161 1095553 2025 1 0 1 1 A 0 1 1 1 1 1 0.00260 0.00490 0.00750 0 0 1 B 0 1 1 1 1 1 0.00000 0.03190 0.03190 0 0 1 C 0 1 1 1 1 1 0.00000 0.01180 0.01180 0 0 1 D 0 1 1 1 1 1 0.00250 0.01360 0.01610 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MDFA SERIES D DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: MDFA SERIES E DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: MDFA SERIES F DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S CORE FORM 990 AND RELATED SCHEDULES WERE PREPARED BY OUR TAX ADVISORY FIRM AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT. ALL FEEDBACK WAS INCORPORATED IN THE FORM. PRIOR TO FILING WITH THE IRS, THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW THROUGH AN EMAIL LINK TO THE COLLEGE'S INTRANET. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST WHICH HE OR SHE OR A FAMILY MEMBER HAS OR REASONABLY EXPECTS TO HAVE IN ANY PROPOSED OR EXISTING CONTRACT, TRANSACTION, OR ARRANGEMENT WITH THE COLLEGE PRIOR TO THE START OF ANY NEGOTIATIONS WITH RESPECT TO SUCH MATTER. TRUSTEE DISCLOSURES ARE REVIEWED BY THE CHAIRPERSON AND CLERK OF THE BOARD. FINAL REVIEW OF POTENTIAL TRUSTEE CONFLICTS IS MADE BY THE FULL BOARD, THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION. ANY RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT WOULD DEPEND ON THE NATURE OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE ENGAGES AN INDEPENDENT EXTERNAL CONSULTING FIRM TO BENCHMARK COMPENSATION DATA FROM COMPARABLE HIGHER EDUCATION INSTITUTIONS FOR THE PRESIDENT OF THE COLLEGE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED THE MARKET DATA FOR DISCUSSION AND RECOMMENDATION FOR CHANGE IN SALARY. THE PRESIDENT'S COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE, ALL OF WHOM ARE INDEPENDENT. HUMAN RESOURCES CONDUCTS AND DOCUMENTS AN ANNUAL REVIEW OF COMPENSATION FOR STAFF, INCLUDING OFFICERS OF THE COLLEGE. THE COMPENSATION REVIEW PROCESS FOR ALL STAFF POSITIONS, INCLUDING OFFICERS, INCLUDES COMPARING MARKET AND SALARY SURVEY DATA FROM INDEPENDENT PROFESSIONAL SOURCES. NEW OFFICER POSITIONS ARE BENCHMARKED FOR COMPARABLE SALARIES WITH PEER HIGHER EDUCATION INSTITUTIONS. THE PERCENTAGE INCREASE IN SALARY FOR STAFF, INCLUDING OFFICERS, IS APPROVED AS PART OF THE ANNUAL BUDGET PROCESS BY THE FINANCE & FACILITIES COMMITTEE OF THE BOARD OF TRUSTEES AND FULL BOARD OF TRUSTEES. ANY OFFICER PROMOTION, BONUS AND CHANGE IN SALARY BEYOND THE STANDARD STAFF INCREASE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ALL TRUSTEES ARE INDEPENDENT OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS AND BY-LAWS ARE ALSO AVAILABLE VIA THE ORGANIZATION'S AND MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. FORM 990, PART XI, LINE 9: CHANGE IN FMV INTEREST RATE AGREEMENT 367,074. LOSS ON MODIFICATION OF DEBT -372,958.