2026-05-12T13:24:38-05:00 2025-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-07-01 042108376 WESTERN NEW ENGLAND UNIVERSITY WEST 4137821234 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 BASIL STEWART VICE PRESIDENT FINANCE & ADMIN 4137821234 2026-05-12 1 1 CRAIG KLEIN P00734640 6178075000 2024 2025-03-06 01:10:19Z ROBERT JOHNSON 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 237045291 0 X WWW.WNE.EDU X 1951 MA SEE SCHEDULE O 24 23 2057 1079 0 0 3455781 3874323 167176054 182225635 9471464 6058231 1578255 1832574 181681554 193990763 70650572 82685981 0 0 75513178 75467577 0 0 1637244 42231775 44976851 188395525 203130409 -6713971 -9139646 254777266 250547009 113737121 112271503 141040145 138275506 X SEE SCHEDULE O 0 0 138142525 70690736 125490769 UNDERGRADUATE - THE UNIVERSITY PROVIDES ACADEMIC, RESIDENTIAL AND OTHER SERVICES TO A DIVERSE STUDENT POPULATION PREDOMINANTLY DRAWN FROM THE NORTHEAST REGION OF THE UNITED STATES AND MANY COUNTRIES WORLDWIDE. 23186329 10869475 33939435 GRADUATE AND PROFESSIONAL - THE UNIVERSITY OFFERS A WIDE RANGE OF GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW , PHARMACY AND HEALTH SCIENCES, WHICH INCLUDES A DOCTOR OF OCCUPATIONAL THERAPY PROGRAM. 19499408 1125769 23795862 AUXILIARY - THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO UNDERGRADUATE AND PROFESSIONAL STUDENTS FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. 180828262 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 222 0 1 2057 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X RAYMOND P MCCARTHY VICE PRESIDENT 4137821234 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 DR ROBERT E JOHNSON PRESIDENT 40.00 X X 710290 0 73562 LYNN W AGATA TRUSTEE 1.00 X 0 0 0 CARMEL A CARMAGNA TRUSTEE 1.00 X 0 0 0 RICHARD M CASSATA TRUSTEE 1.00 X 0 0 0 ALEXANDER M CORL TRUSTEE 1.00 X 0 0 0 KEVIN S DELBRIDGE TRUSTEE 1.00 X 0 0 0 DIANNE FULLER DOHERTY TRUSTEE 1.00 X 0 0 0 MICHAEL J FLYNN TRUSTEE 1.00 X 0 0 0 DENIS G GAGNON TRUSTEE 1.00 X 0 0 0 MICHAEL T GAINES TRUSTEE (UNTIL 1/1/25) 1.00 X 0 0 0 ELENA M GERVINO VICE CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER A KIELB TRUSTEE 1.00 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.00 X 0 0 0 STANLEY KOWALSKI III TRUSTEE 1.00 X 0 0 0 NICHOLAS LAPIER CHAIRMAN (UNTIL 6/19/25) 1.00 X X 0 0 0 AMY B LEWIS TRUSTEE 1.00 X 0 0 0 CHRISTOPHER MATHIEU TRUSTEE 1.00 X 0 0 0 RAYMOND P MCCARTHY TRUSTEE (UNTIL 4/28/25) 1.00 X 0 0 0 KENNETH M RICKSON TRUSTEE 1.00 X 0 0 0 JODIE G ROURE TRUSTEE 1.00 X 0 0 0 DEBORAH K SAREMI TRUSTEE 1.00 X 0 0 0 PETER C STEINGRABER TRUSTEE 1.00 X 0 0 0 GARY F THOMAS TREASURER 1.00 X 0 0 0 STEVEN J TREMBLAY TRUSTEE 1.00 X 0 0 0 KATHLEEN A WHITE TRUSTEE 1.00 X 0 0 0 JANET BULLARD TRUSTEE 1.00 X 0 0 0 ASHLEY RANDLE TRUSTEE 1.00 X 0 0 0 BASIL A STEWART VP FOR FINANCE AND ADMINISTRATION 40.00 X 493610 0 33993 DR ASAKO M TOYODA SENIOR VP FOR ACADEMIC AFFAIRS 40.00 X 342307 0 41523 DR ZELDA HARRIS DEAN, SCHOOL OF LAW 40.00 X 283711 0 41857 DEAN HICKEY VICE PRESIDENT FOR ADVANCEMENT 40.00 X 277531 0 37535 DR SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 40.00 X 247937 0 23912 DR S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 40.00 X 245481 0 36104 DR LINDA E JONES PROFESSOR OF MATERIALS SCI AND ENG 40.00 X 242805 0 25721 2843672 0 314207 154 0 1 0 ARAMARK CORPORATIONS PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 6648491 KEITER CORPORATION 1 INDUSTRIAL DRIVE SPRINGFIELD MA 01089 CONSTRUCTION SERVICES 2264871 HARRY GRODSKY & COMPANY INCORPORATED 33 SHAWS LANE SPRINGFIELD MA 01104 HVAC SERVICES 775870 RAYMOND R HOULE CONSTRUCTION INCORPORA 5 MILLER ST LUDLOW MA 01056 CONSTRUCTION SERVICES 756814 PETER PAN BUS LINES INCORPORATED UNION STATION STE 300 SPRINGFIELD MA 01103 TRANSPORTATION SERVICES 302187 28 37695 1608139 2228489 269526 3874323 TUITION AND FEES 611710 155131678 155131678 AUXILLIARY SALES AND S 611710 23795862 23795862 SPONSORED PROGRAMS 611710 3276668 3276668 STUDENT LOAN INTEREST 611710 21427 21427 182225635 1055561 1055561 154848 0 154848 154848 154848 48010647 43007977 5002670 5002670 5002670 56199 37695 46551 9648 9648 STUDENT/ALUMNI FUNDR. 611710 623696 623696 EVENTS REGISTRATION 611710 114035 114035 930347 262700 667647 1668078 193990763 183226066 0 6890374 82685981 82685981 3116320 1453999 1314181 348140 53824366 46548132 6695545 580689 2274974 1917848 320016 37110 11685360 9918048 1532886 234426 4566557 3849698 642368 74491 379173 3592 375581 190955 190955 500749 500749 11078851 9744756 1326222 7873 898409 366122 517569 14718 3814581 3173996 592230 48355 2791206 105188 2664885 21133 26800 26800 5175070 4702898 472172 1721125 1595761 107701 17663 594491 531876 62615 4056203 3900760 155443 7209013 6800018 408995 832341 95397 736944 MAINTENANCE & REPAIRS 1834967 1834967 MEMBERSHIP & DUES 313704 153987 159717 NON-CAPITAL EQUIPMENT 282180 272479 9701 NON-CAPITAL IMPROVEMENT 15045 15045 3261988 1157714 1851628 252646 203130409 180828262 20664903 1637244 14100858 4420583 524540 1156493 4135293 4604820 582715 390521 19843 18959 2750174 2380703 318279403 182546927 139885510 135732476 60406434 72344771 32371899 29497683 254777266 250547009 11934317 13109313 1021012 889985 7743848 7747155 89810410 87308532 2064062 2094316 1163472 1122202 113737121 112271503 X 92505042 87781136 48535103 50494370 141040145 138275506 254777266 250547009 X -9139646 6317757 57250 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 60241105 712172 11357198 2898668 7530247 500749 61380811 62127725 328564 9204203 2794641 8350727 274019 60241105 59527823 293947 6369805 3823050 57779 183021 62127725 71333272 506338 -8466937 3592346 50461 202043 59527823 56995119 392708 17918011 3736061 41162 195343 71333272 0.49000 0.51000 0.00000 0 0 4525765 4525765 239515540 121520856 117994684 72741510 61026071 11715439 1496588 1496588 135732476 HEDGE FUNDS 13950710 C INVESTMENTS HELD IN TRUST 860972 C LONG/SHORT EQUITY INVESTMENTS 14686001 C 29497683 DEPOSITS 1122202 1122202 X 199865021 6317757 57250 6375007 193490014 500749 500749 193990763 202629660 0 202629660 500749 500749 203130409 PART IV, LINE 2B: AGENCY FUNDS ARE HELD BY THE UNIVERSITY AS A CUSTODIAN. THESE FUNDS RELATE TO STUDENT ORGANIZATIONS AND ORIGINATE FROM THE COLLECTION OF DUES OR FUNDRAISING. EACH AGENCY FUND EXISTS AS A UNIQUE UNIT ASSIGNED WITHIN THE UNIVERSITY'S FINANCIAL SYSTEM AND PROVIDES A METHOD FOR ACCOUNTING AND ADMINISTERING THESE FUNDS. ANY EXPENSES FROM THESE FUNDS SUPPORT STUDENT CLUBS AND ACTIVITIES. PART V, LINE 4: THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. RESTRICTED DONATIONS ARE REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING IN THE UNIVERSITY'S ACCOUNTING SYSTEM. APPROXIMATELY 49% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. MOST OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD OF TRUSTEES' APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER ROLLING AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS. THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2025 WAS 4.92%. PART X, LINE 2: THE UNIVERSITY IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT ITS TAX STATUS AND DECISIONS OVER WHICH ACTIVITIES ARE RELATED AND UNRELATED ARE ITS ONLY TAX POSITIONS AND THAT SUCH POSITIONS DO NOT RESULT IN UNCERTAINTY REQUIRING RECOGNITION. THE UNIVERSITY'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. NO EXAMINATIONS ARE CURRENTLY IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 57,250. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WESTERN NEW ENGLAND UNIVERSITY'S NON DISCRIMINATION POLICY IS STATED IN ALL PRINTED MATERIALS. SCHEDULE E - PART I, LINE 6 THE UNIVERSITY RECEIVES GOVERNMENT FINANCIAL AID AND ASSISTANCE FROM GOVERNMENT AGENCIES CONSISTS OF: - STATE OF MASSACHUSETTS FINANCIAL AID - US DEPARTMENT OF EDUCATION FINANCIAL AID - FEDERAL AND STATE RESEARCH FUNDS EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 234569 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INDIVIDUAL FACULTY/ATHLETIC TEAMS/COACHES/TRAVEL 187004 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INDIVIDUAL FACULTY/STAFF/TRAVEL 8900 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 10379 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INDIVIDUAL FACULTY/STAFF TRAVEL 3673 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6137842 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 1705932 0 0 0 0 0 0 8288299 0 8288299 0 0 1 1 1 0 SCHEDULE F - PART I, LINE 3 EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENT VALUES REPORTED IN COLUMN F ARE REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2025 IN ACCORDANCE WITH US GAAP. ATHLETIC - GOLF 33265 13100 20165 390 17546 292 GOLF - ALUMNI ASSOC. 42502 21890 20612 3004 7096 4560 20 2 18127 2705 15422 2504 7535 3412 191 93894 37695 56199 5898 32177 7972 503 46550 9649 PART II: EVENT- A.) EVENT #1 - ATHLETIC - GOLF TOURNAMENT B.) EVENT #2 -ALUMNI ASSOCIATION - GOLF TOURNAMENT A.) OTHER EVENTS - ATHLETICS - WRESTLING, FOOTBALL, AND GOLF TOURNAMENTS 1 SEOG FEDERAL FINANCIAL AID 97 244709 CREDIT TO STUDENT ACCOUNTS INSTITUTIONAL SCHOLARSHIPS 3235 82441272 CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: GRANT FUNDS ARE MONITORED BY TWO DEPARTMENTS CREATING CHECKS AND BALANCES TO ENSURE FUNDS ARE REPORTED AND USED AS REQUIRED IN THE GRANT. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. THE FINANCIAL AID TRANSMITTAL SHOWS A LISTING OF EACH AWARD BY TYPE AND TOTALS. THIS IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FUNDS ARE DRAWN DOWN IN THE G-6 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUND'S CHECKING ACCOUNT. THE AMOUNTS DRAWN IN G-6 ARE RECONCILED TO THE GENERAL LEDGER AND FINANCIAL AID TRANSMITTAL ON A MONTHLY BASIS. X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 DR ROBERT E JOHNSON PRESIDENT 518736 0 89902 0 101652 0 40250 0 33312 0 783852 0 0 0 BASIL A STEWART VP FOR FINANCE AND ADMINISTRATION 183441 0 0 0 310169 0 9659 0 24334 0 527603 0 0 0 DR ASAKO M TOYODA SENIOR VP FOR ACADEMIC AFFAIRS 341831 0 0 0 476 0 17500 0 24023 0 383830 0 0 0 DR ZELDA HARRIS DEAN, SCHOOL OF LAW 283235 0 0 0 476 0 14740 0 27117 0 325568 0 0 0 DEAN HICKEY VICE PRESIDENT FOR ADVANCEMENT 276685 0 0 0 846 0 13750 0 23785 0 315066 0 0 0 DR S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 239223 0 0 0 6258 0 12605 0 23499 0 281585 0 0 0 DR SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 247206 0 0 0 731 0 12069 0 11843 0 271849 0 0 0 DR LINDA E JONES PROFESSOR OF MATERIALS SCI AND ENG 241398 0 0 0 1407 0 12344 0 13377 0 268526 0 0 0 PART I, LINE 1A THE PRESIDENT'S EMPLOYMENT CONTRACT INCLUDES A HOUSING ALLOWANCE. WHICH IS INCLUDED AS TAXABLE COMPENSATION. THE PRESIDENT MAY ALSO RECEIVE MEMBERSHIPS TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE UNIVERSITY. REIMBURSEMENT OR PAYMENT OF MEMBERSHIPS ARE HANDLED IN ACCORDANCE WITH UNVIERSITY POLICIES AND PROCEDURES. THE PRESIDENT'S EMPLOYMENT CONTRACT ALSO INCLUDES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. THE PRESIDENT IS ELIGIBLE TO PARTICIPATE IN ALL STANDARD UNIVERSITY BENEFIT PLANS AS WELL AS ANY OTHER SUPPLEMENTAL BENEFIT PLANS OUTLINED IN HIS CONTRACT. PART I, LINE 3 BASED ON THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT IS ELIGIBLE TO RECEIVE AN ANNUAL INCENTIVE BONUS. THIS AMOUNT IS DETERMINED AT THE DISCRETION OF THE BOARD, EQUAL TO 25% OF THE PRESIDENT'S BASE SALARY. AS SPECIFIED IN THE CONTRACT, THE DETERMINATION OF WHETHER TO AWARD AN ANNUAL INCENTIVE BONUS IS GUIDED IN PART BY THE PRESIDENT'S ANNUAL EVALUATION. PER THE CONTRACT, THE PRESIDENT SHALL BE NOTIFIED ON OR BEFORE JUNE 30, THE AMOUNT, IF ANY, OF THE INCENTIVE BONUS WHICH SHALL BE PAID WITHIN 75 DAYS THERE AFTER. PART I, LINE 4A BASIL STEWART RECEIVED SEVERANCE IN THE AMOUNT OF 137,917 IN CALENDAR YEAR 2024. A MDFA SERIES 2008 043431814 000000000 2008-05-29 5000000 LAW SCHOOL ADDITION - CONSTRUCTION 0 0 0 B MDFA SERIES 2015 043431814 51584XHE5 2015-12-22 39201607 REFUND ISSUE 10/19/05 - DINING HALL 0 0 0 C MDFA SERIES 2018 043431814 57584YHJL 2018-06-20 61551133 REFUND ISSUE 11/9/09 - DINING HALL 0 0 0 A 3365802 5000000 61819 4938181 2008 0 0 1 1 B 4450000 39201607 462177 8079556 30659874 2017 1 0 1 1 C 2820000 61551133 669480 18032220 42849433 2018 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MDFA SERIES 2015 DATE THE REBATE COMPUTATION WAS PERFORMED: 02/20/2025 ISSUER NAME: MDFA SERIES 2018 DATE THE REBATE COMPUTATION WAS PERFORMED: 08/26/2025 SCHEDULE K - PART III, LINE 3A MDFA SERIES 2008 REISSUED 2012 $5,000,000 - ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. MDFA SERIES 2015 - $39,201,607 - ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. MDFA SERIES 2018 - $61,551,133 - ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. X 1 1305 FAIR MARKET VALUE X 1263 X 5 243151 AVERAGE MARKET VALUE X 2 20477 DONOR PROVIDED VALUE X VEHICLE MATERIALS 1 3330 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): LINES 1, 9, 19 AND 25 REFLECT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990 PART I, LINE 1 AND FROM 990, PART III, LINE 1- WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY AND HEALTH SCIENCES, AND SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, AND ENGINEERING, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM-SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE WELL POSITIONED TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW AND PHARMACY. OUR CORE VALUES: EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP: UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. STUDENT-CENTERED LEARNING: PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. A SENSE OF COMMUNITY: TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION: CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE: PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. STEWARDSHIP OF OUR CAMPUS: CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. AFTER CELEBRATING ITS CENTENNIAL IN 2019, WESTERN NEW ENGLAND UNIVERSITY LOOKS FORWARD TO A NEW CENTURY, NEW DECADE, AND NEW OPPORTUNITIES TO EVOLVE. OUR FOCUS WILL REMAIN ON EDUCATING THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF NATIONAL LEADERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD FOR REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE 990 FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH A SECURE PORTAL. THE COMMITTEE IS ABLE TO DISCUSS THE RETURN AT A SCHEDULED MEETING WITH THE AUDITORS. ONCE THE COMMITTEE REVIEWS THE RETURN, THE FULL BOARD HAS THE ABILITY TO ACCESS THE DOCUMENT THROUGH THE SECURE PORTAL BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY ASKS THE TRUSTEES TO COMPLETE A CONFLICT-OF-INTEREST STATEMENT EACH YEAR. ADMINISTRATIVE EMPLOYEES ARE ASKED TO COMPLETE A CONFLICT-OF-INTEREST STATEMENT AT THE TIME OF ON BOARDING. THE TRUSTEE STATEMENTS ARE REVIEWED BY FINANCE AND ADMINISTRATION. IF ANY ISSUES AND OR CONCERNS ARE FOUND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION WILL BRING THE MATTER FORWARD AS APPROPRIATE TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION MAY DECIDE TO ENGAGE EXTERNAL LEGAL COUNSEL TO REVIEW THE CIRCUMSTANCES OF ANY REPORTED CONFLICT AND PROVIDE LEGAL ADVICE ON THE MATTER. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW PROCESS FOR THE PRESIDENT IS CONDUCTED THROUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MEETS DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE RELATIVE TO THE PRIOR YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE PERIODICALLY ENGAGES A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY MAY BE ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO BENCHMARKED PEER INSTITUTIONS. PEER INSTITUTIONS ARE DEFINED ACCORDING TO MEASURES UTILIZING INSTITUTIONAL ORGANIZATIONAL COMPLEXITY SUCH AS SIZE AND BREADTH OF PROGRAMMING. ADDITIONALLY, THE SUB-COMMITTEE RELIES ON INTERNAL DATA REGARDING COMPENSATION CHANGES BEING CONSIDERED FOR OTHER UNIVERSITY POSITIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALUATION. THE MINUTES OF THE EXECUTIVE SESSION OF THE BOARD OF TRUSTEES ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE COMMITTEE RELIES ON APPROPRIATE INTERNAL AND EXTERNAL DATA AS TO BOTH COMPENSATION LEVEL AND COMPENSATION CHANGE PRIOR TO MAKING ITS DETERMINATION AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B-THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES MOST HEAVILY MEASURES AGAINST PERFORMANCE OF THE INDIVIDUALS AND CONTEMPORANEOUSLY PUBLISHED SALARY DATA FROM THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE INSTITUTIONS WITHIN THE SAME CARNEGIE CATEGORIES AS THE UNIVERSITY. THE PRESIDENT DETERMINES ANY INCREASES BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. THE PRESIDENT REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE IRS FORM 990 IS AVAILABLE UPON REQUEST FROM THE UNIVERSITY. IT IS POSTED ALONG WITH THE AUDITED FINANCIAL STATEMENTS ON THE UNIVERSITY'S WEBSITE AT: HTTPS://WNE.EDU/FINANCE-AND-ADMINISTRATION/CONTROLLER/FEDERAL-TAX-RETURNS AND THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THE CONTROLLER'S OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT-OF-INTEREST POLICY IS ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 57,250. CHARITABLE REMAINDER TRUST (2) 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 CHARITABLE TR MA TRUST N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0