2026-05-15T15:08:37-04:00 2025-06-30 WITHUMSMITHBROWNPC 155 SEAPORT BOULEVARD BOSTON MA 02210 990 2024-07-01 042103865 Bay Path University % JOHN O'ROURKE BAYP 4135651219 588 Longmeadow Street Longmeadow MA 01106 MICHAEL GIAMPIETRO SR VP FIN. & ADMIN. 4135651219 2026-05-15 true true ISRAEL TANNENBAUM P01589203 6172273333 2024 2025-03-06 01:10:19Z MICHAEL GIAMPIETRO 588 Longmeadow Street Longmeadow MA 01106 149823783 false X www.baypath.edu X 1940 MA A BAY PATH UNIVERSITY EDUCATION EMPOWERS TRADITIONAL UNDERGRADUATE WOMEN AT ITS LONGMEADOW CAMPUS; WOMEN AND MEN IN BAY PATH ONLINE PROGRAMS, WHICH OFFERS UNDERGRADUATE ONLINE DEGREES; AND MEN AND WOMEN IN MASTERS AND DOCTORAL PROGRAMS. 23 23 1038 325 -5542 0 10932071 13964352 53651979 73162890 2266850 16478631 482675 358742 67333575 103964615 12477168 17749746 0 0 33062096 40351223 0 16000 906533 21155340 26303097 66694604 84420066 638971 19544549 134395079 165249628 23029020 30349787 111366059 134899841 X BAY PATH UNIVERSITY IS A DISTINCTIVE, PROGRESSIVE, PROFESSIONALLY FOCUSED UNDERGRADUATE AND GRADUATE UNIVERSITY SERVING ALL LEARNERS. THE UNIVERSITY ENROLLS TRADITIONAL UNDERGRADUATE WOMEN AT ITS LONGMEADOW CAMPUS; WOMEN AND MEN IN BAY PATH ONLINE, WHICH OFFERS UNDERGRADUATE ONLINE DEGREES; AND MEN AND WOMEN IN MASTERS AND DOCTORAL PROGRAMS. ON JULY 1, 2024, CAMBRIDGE COLLEGE INC. CONTRIBUTED CERTAIN OF ITS EDUCATION BUSINESS ASSETS TO THE UNIVERSITY EXPANDING ITS REACH TO MORE THAN 4,500 STUDENTS. false false 62524462 17749746 70826376 THE UNIVERSITY PROVIDES INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, AND STUDENT FINANCIAL AID TO CARRY OUT ITS EXEMPT PURPOSES, SERVING APPROXIMATELY 3,400 STUDENTS. 2675568 2620631 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, AND STAFF. THIS INCLUDES DINING SERVICES, STUDENT HOUSING, THE BOOKSTORE, AND OTHER MISCELLANEOUS SERVICES. THE UNIVERSITY SERVED APPROXIMATELY 3,400 STUDENTS, INCLUDING APPROXIMATELY 300 RESIDENT STUDENTS. 65200030 true true false false false false false false true true true true false false true true false true true false true false false true false false false true true true true false false false false false false false false false false true false false false true false false false false true 343 0 true 1038 true true true false false false false true true false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true true false MA X JOHN O'ROURKE 4135651219 588 LONGMEADOW STREET LONGMEADOW MA 01106 X Sandra Doran President 55.0 0.0 X 514138 0 62210 Michael Giampietro Senior VP Finance & Admin Svcs 50.0 0.0 X 280137 0 46246 Frank Rojas VICE PRESIDENT OF ENROLLMENT 50.0 0.0 X 240088 0 46421 Natalia Blank Provost/VP AA 50.0 0.0 X 233446 0 43197 Kathleen Bourque VP for University Relations 50.0 0.0 X 240708 0 16839 Mohammed Sattar Grad Program Director 50.0 0.0 X 204364 0 17509 James Wilson Professor Business 50.0 0.0 X 198288 0 14632 Melissa Morriss-Olsen Prof HELOS & Founding Dir Ctr 50.0 0.0 X 191179 0 20448 Theresa DeVito Dean, School of Hlth Science 50.0 0.0 X 191528 0 11433 Gina Semprebon Dir Center Excell Women & Sci. 50.0 0.0 X 187555 0 14357 DANIEL BISHOP Trustee 1.0 0.0 X 0 0 0 CARRIE BURR Trustee 1.0 0.0 X 0 0 0 Mary Bushnell Trustee 1.0 0.0 X 0 0 0 Julia Byers Trustee 1.0 0.0 X 0 0 0 Lamont Clemons Trustee 1.0 0.0 X 0 0 0 MIRANDA DAL ZOVO Trustee 1.0 0.0 X 0 0 0 Susan Eyvazzadeh Trustee 1.0 0.0 X 0 0 0 Yvette Frisby Trustee 1.0 0.0 X 0 0 0 Andrea Hill-Cataldo Trustee 1.0 0.0 X 0 0 0 Louise Kursmark Trustee 1.0 0.0 X 0 0 0 Eric Lesser Trustee 1.0 0.0 X 0 0 0 Grace Makari-Judson Trustee 1.0 0.0 X 0 0 0 Andrew Melendez Trustee 1.0 0.0 X 0 0 0 Rodger Metzger Trustee 1.0 0.0 X 0 0 0 Stephanie O'Leary Trustee 1.0 0.0 X 0 0 0 Lori Roop Trustee 1.0 0.0 X 0 0 0 Kathleen Schuster Trustee 1.0 0.0 X 0 0 0 Cynthia Shapira Trustee 1.0 0.0 X 0 0 0 Brian Tuohey Trustee 1.0 0.0 X 0 0 0 Wayne Webster Trustee, Chair 1.0 0.0 X 0 0 0 Jeanette Weldon Trustee, Vice Chair 1.0 0.0 X 0 0 0 Danielle Williams Trustee 1.0 0.0 X 0 0 0 Ham Wilson Trustee 1.0 0.0 X 0 0 0 2481431 0 293292 22 false true false Google Inc 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 ADVERTISING 1671823 ARAMARK SERVICES INC 588 LONGMEADOW STREET LONGMEADOW MA 01106 FOOD SERVICE 1350000 Arthur J Gallagher Risk mgmt Serv 39735 Treasury Center CHICAGO IL 606949700 MANAGEMENT SERVICES 868686 Nyzio Sheet Metal 75 N Chicopee St CHICOPEE MA 010202216 MAINTENANCE 658602 451 MARKETING LLC 100 N WASHINGTON STREET BOSTON MA 02114 MARKETING 504171 21 11245933 2718419 37165 13964352 TUITION 611600 70027613 70027613 RESIDENCE AND DINING 611710 2620631 2620631 WOMEN'S CONFERENCE 611710 513307 513307 THEATER DEPARTMENT 711110 1339 1339 73162890 3424802 3424802 0 0 174611 99986 74625 0 74625 74625 58813021 45754470 4712 13058551 -4712 13053829 13053829 0 0 0 0 0 0 0 0 0 OTHER 900099 271193 276735 -5542 FOOD SERVICE 624200 12924 12924 284117 103964615 73452549 -5542 16553256 25000 25000 17724746 17724746 0 0 1760027 581122 1178905 0 32382511 26133716 5642036 606759 1545833 1151632 363166 31035 2075283 1546067 487551 41665 2587569 1927716 607903 51950 149095 146001 3094 334932 334932 228393 13141 215252 0 16000 16000 0 6197506 3707811 2349911 139784 3964960 2375871 1589089 371423 207426 156669 7328 1525198 785082 740116 0 614894 331271 283623 249736 198737 49563 1436 0 115293 91749 23544 424771 319576 105195 0 3387618 1971911 1415707 629323 629323 GRANT EXPENSES 1996772 1994272 2500 BAD DEBT 1349189 1349189 STUDENT BOARD 1178565 1178565 FOOD SERVICE 388853 304518 84335 3196576 2484100 701900 10576 84420066 65200030 18313503 906533 6639394 13610997 0 0 442291 1691878 5570273 8988385 0 0 0 0 718371 586877 0 0 1071184 1387727 87040388 58794841 28291058 28245547 82914480 95848340 8628655 9361761 0 0 0 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726256 12535644 10725235 1810409 28245547 HEDGE FUNDS 8969255 F PRIVATE EQUITY 392506 F 9361761 0 LEASE LIABILITY 2608138 OTHER LONG TERM LIABILITIES 2442160 ANNUITY OBLIGATIONS 99978 5150276 X 69775134 -10520569 -17749746 -28270315 98045449 5919166 5919166 103964615 66740875 70555 70555 66670320 17749746 17749746 84420066 PART IV, LINE 2B - ESCROW ARRANGEMENTS: THE UNIVERSITY HOLDS TUITION DEPOSITS RECEIVED FROM STUDENTS. IN ADDITION, THE UNIVERSITY OWNS AND RENTS RESIDENTIAL PROPERTIES NEAR THE CAMPUS. THE TENANTS' SECURITY DEPOSITS ARE MAINTAINED IN ESCROW ACCOUNTS AT A LOCAL BANK. PART V, LINE 4 - ENDOWMENT FUND: THE UNIVERSITY'S ENDOWMENT FUND IS AN INVESTMENT PORTFOLIO COMPRISED OF DONOR-RESTRICTED (TRUE) AND BOARD-DESIGNATED (QUASI) ENDOWMENT FUNDS. THE INTENTIONS OF THE FUND ARE TO GENERATE A TOTAL RETURN THAT PRESERVES THE LONG-TERM REAL PURCHASING POWER OF THE ENDOWMENT FUNDS AND PROVIDES A RELATIVELY PREDICTABLE AND INCREASING REVENUE STREAM TO BE USED FOR DONOR-SPECIFIED AND BOARD DESIGNATED PURPOSES THAT SUPPORT THE MISSIONS OF THE UNIVERSITY. FOR SCHEDULE D, UNIVERSITY CONTRIBUTIONS INCLUDE FUNDS TRANSFERRED FROM DONOR RESTRICTED FUNDS TO THE UNRESTRICTED QUASI-ENDOWMENT FUND TO SUPPORT THE DONOR-RESTRICTED SCHOLARSHIPS AWARDED DURING THE YEAR FROM LIQUID, UNRESTRICTED INVESTMENTS PART VI, LINE 1(B), COL(A) - LAND, BUILDINGS, & EQUIPMENT: INVESTMENTS IN DIRECT REAL ESTATE OF $419,580 ARE INCLUDED HERE. PART X, LINE 2 - UNCERTAIN TAX POSITIONS UNDER FASB ASC 740: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE UNIVERSITY MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE UNIVERSITY'S TAX RETURNS, INCLUDING THE POSITION THAT THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE UPHELD UNDER REGULATORY REVIEW. THE UNIVERSITY HAS ASSESSED ITS TAX-EXEMPT STATUS, ITS TAX FILINGS, AND RELATED TAX POSITIONS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S TAX FILINGS FROM 2019 forward ARE OPEN FOR EXAMINATION BY THE TAX AUTHORITIES. ANY TAX ASSESSED UPON EXAMINATION WOULD BE RECORDED AS EXPENSE IN THE STATEMENT OF ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS $(17,749,746). PART XI, LINE 4B - OTHER ADJUSTMENTS: NET RETURN ON INVESTMENTS $5,989,721. RENTAL EXPENSE $ (70,555). --------------- TOTAL $5,919,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE $70,555. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS $17,749,746. true true true true true true true false false false false false false false false true false true LINE 3 - NONDISCRIMINATORY POLICY PUBLICATION: PUBLICATIONS, APPLICATIONS, REGISTRATION FORMS, NEWSPAPER ADVERTISEMENTS, AND SUMMER PROGRAMS MAKE REFERENCE TO THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: ALL FEDERAL AND STATE FUNDS RECEIVED ARE EXPENDED ENTIRELY FOR STUDENT FINANCIAL AID IN ACCORDANCE WITH THE U.S. OFFICE OF MANAGEMENT AND BUDGET UNIFORM GUIDANCE FOR FEDERAL FUNDS, AND WITH SPECIFIC REQUIREMENTS APPLICABLE TO THE MASSACHUSETTS OFFICE OF STUDENT FINANCIAL ASSISTANCE PROGRAMS FOR STATE FUNDS. Central America and the Caribbean 0 0 Investments 8969255 0 0 0 0 8969255 8969255 true false true true true false X X X X X X X true WASHBURN MCGOLDRICK LLC 24 NORTH BRYN MAWR AVE 252 BRYN MAWR PA 19010 DEVELOPMENT TEMP STAFF false 0 16000 0 0 16000 0 true TOWN OF EAST LONGMEADOW 60 CENTER SQUARE LONGMEADOW MA 01028 046001139 115 22000 PILOT PROGRAMS (TOWN, Fire, Police) 1 0 SCHOLARSHIPS AND AID TO STUDENTS 1578 17724746 FORM 990 SCHEDULE I PART Ii & III - GRANTS PAID OUT: BAY PATH UNIVERSITY RECEIVES GRANT MONEY FROM FEDERAL AND STATE GOVERNMENT AGENCIES FOR STUDENT FINANCIAL AID. THIS GRANT MONEY IS DISBURSED TO STUDENTS' ACCOUNTS AS IT IS RECEIVED BY THE UNIVERISITY. STUDENTS' AWARDS ARE BASED ON THE FEDERAL AND STATE GUIDELINES FOR EACH TYPE OF GRANT. GRANTS TO CHARITABLE ORGANIZATIONS ARE MADE IN ACCORDANCE WITH ESTABLISHED FINANCIAL POLICIES. X X true true true false false false false false false true false Sandra Doran President 509027 0 0 0 5111 0 20700 0 41510 0 576348 0 0 0 Michael Giampietro Senior VP Finance & Admin Svcs 279194 0 0 0 943 0 17818 0 28428 0 326383 0 0 0 Frank Rojas VICE PRESIDENT OF ENROLLMENT 234607 0 0 0 5481 0 15249 0 31172 0 286509 0 0 0 Natalia Blank Provost/VP AA 217641 0 0 0 15805 0 14770 0 28427 0 276643 0 0 0 Kathleen Bourque VP for University Relations 238657 0 0 0 2051 0 14462 0 2377 0 257547 0 0 0 Mohammed Sattar Grad Program Director 65950 0 0 0 138414 0 10936 0 6573 0 221873 0 0 0 Theresa DeVito Dean, School of Hlth Science 190550 0 0 0 978 0 11433 0 0 0 202961 0 0 0 James Wilson Professor Business 69317 0 0 0 128971 0 11409 0 3223 0 212920 0 0 0 Gina Semprebon Dir Center Excell Women & Sci. 51604 0 0 0 135951 0 11346 0 3011 0 201912 0 0 0 Melissa Morriss-Olsen Prof HELOS & Founding Dir Ctr 189166 0 0 0 2013 0 11646 0 8802 0 211627 0 0 0 PART I, LINE 1A: THE PRESIDENT'S EMPLOYMENT CONTRACT ALLOWS FOR SPOUSAL TRAVEL. THE TRAVEL IS ON A LIMITED BASIS. THE PRESIDENT RESIDES IN A UNIVERSITY-OWNED HOUSE NEAR THE CAMPUS AS REQUIRED IN HER CONTRACT. NUMEROUS FUNCTIONS TAKE PLACE AT THE PRESIDENT'S HOME IN SUPPORT OF THE UNIVERSITY'S MISSION. DONORS, FACULTY, STAFF, AND STUDENTS ARE WELCOMED THROUGHOUT THE YEAR. GIVEN THE VISIBILITY OF AND THE MANY EVENTS THAT TAKE PLACE AT THE PRESIDENT'S RESIDENCE, A UNIVERSITY EMPLOYEE CLEANS THE HOME AT VIRTUALLY NO EXTRA COST TO THE UNIVERSITY. THE AVAILABILITY AND APPROACHABILITY OF THE PRESIDENT IS A KEY ELEMENT TO INSTILLING THE SENSE OF COMMUNITY AND CARING THAT IS CENTRAL TO THE UNIVERSITY'S MISSION. THE VALUE OF THE PRESIDENT'S HOUSING IS $30,648 FOR THE YEAR AND IS INCLUDED IN HER SCHEDULE J, PART II, COLUMN (D) COMPENSATION. PART I, LINE 4A: THE FOLLOWING HIGHLY COMPENSATED EMPLOYEES RECEIVED SEVERANCE PAYMENTS IN 2024. 1) MOHAMMED SATTAR $127,195 2) GINA SEMPREBON $122,304 3) JAMES WILSON $124,906 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY SER 2013 2013-12-23 19500000 CONSTRUC/EQUIP/RE FUND 2006 false false false A 2885920 0 19500000 0 0 0 100000 0 0 12108657 6734874 556469 2014 true true true A false false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true true false false false 0 false 0 false true A true X 3 37165 FMV false false false SCHEDULE M, LINE 32B: THE UNIVERSITY USED A THIRD PARTY TO SELL GIFTS OF STOCK. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES WITH AN INNOVATIVE APPROACH TO LEARNING THAT PREPARES STUDENTS TO FLOURISH IN A CONSTANTLY CHANGING WORLD. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE BAY PATH EXPERIENCE IS NOTHING LESS THAN TRANSFORMATIONAL. OUR WOMEN-ONLY UNDERGRADUATE PROGRAMS AND OUR COEDUCATIONAL GRADUATE PROGRAMS ARE OFFERED BOTH ON-CAMPUS AND ONLINE, PROVIDING A FLEXIBLE, 21ST-CENTURY EDUCATION FOR LEARNERS AT ALL STAGES OF LIFE AND CAREER. BAY PATH STUDENTS FIND A SUPPORTIVE AND DIVERSE COMMUNITY, CLOSE MENTORING, AND RIGOROUS PREPARATION FOR SUCCESS IN A COMPLEX AND GLOBALLY INTERDEPENDENT SOCIETY. STUDENTS GRADUATE WITH THE APPLIED KNOWLEDGE, PORTABLE SKILLSET, AND CONFIDENCE TO THRIVE IN THEIR PROFESSIONS, IDENTIFY AND REALIZE THEIR DREAMS, AND MAKE A LASTING DIFFERENCE IN THE WORLD. FORM 990, PART VI, SECTION B, LINE 11B: PRIOR TO THE FILING OF THE FORM 990, A COMPLETE COPY IS REVIEWED BY THE UNIVERSITY'S VICE PRESIDENT FOR FINANCE & ADMINISTRATIVE SERVICES, AS WELL AS THE UNIVERSITY SUCCESS COMMITTEE OF THE BOARD OF TRUSTEES. A PUBLIC DISCLOSURE COPY IS PROVIDED, VIA THE TRUSTEES INTERNET PORTAL, TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C: IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY FOR TRUSTEES, AS CONTAINED IN THE BOARD OF TRUSTEES BYLAWS, ALL TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AT LEAST ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE AND SUBMIT IT TO THE UNIVERSITY SUCCESS COMMITTEE OF THE BOARD OF TRUSTEES. ADDITIONALLY, ANY POTENTIAL CONFLICT OF INTEREST WHICH ARISES MID-TERM IS REQUIRED TO BE SUBMITTED TO THE UNIVERSITY SUCCESS COMMITTEE AT THE EARLIEST PRACTICAL TIME. NO TRUSTEES OR OFFICER SHALL VOTE OR PARTICIPATE IN ANY DISCUSSION ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. ANY TRUSTEE OR OFFICER WHO IS UNCERTAIN WHETHER HE/SHE HAS A CONFLICT OF INTEREST MAY REQUEST THE UNIVERSITY SUCCESS COMMITTEE TO MAKE A DETERMINATION IN SUCH REGARD, AND THE UNIVERSITY SUCCESS COMMITTEE MAY SEEK AN OPINION FROM COUNSEL FOR THE UNIVERSITY IN SUCH MATTER. THE UNIVERSITY ALSO REQUIRES ALL EMPLOYEES TO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM AND SUBMIT IT TO THEIR RESPECTIVE DIVISIONAL VICE PRESIDENT FOR REVIEW. IF AN EMPLOYEE DISCLOSES ACTIVE OR INTENDED PARTICIPATION IN AN ACTIVITY THAT IS A POTENTIAL CONFLICT OF INTEREST, THE SUPERVISOR AND DIVISIONAL VICE PRESIDENT WILL EVALUATE THE DISCLOSURE TO DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. THE EMPLOYEE MAY BE ASKED TO DISCONTINUE PARTICIPATION IN THE ACTIVITY IF IT IS DETERMINED TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15: THE GOVERNANCE AND LEADERSHIP COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY FOR REVIEWING AND RECOMMENDING THE UNIVERSITY PRESIDENT'S AND OFFICER'S/KEY EMPLOYEES' COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE CONSIDERS COMPARATIVE DATA GATHERED FROM PEER INSTITUTIONS BY AN EXECUTIVE COMPENSATION CONSULTING FIRM. THE COMMITTEE ALSO REVIEWS ACCOMPLISHMENTS IN COMPARISON TO PLANNED GOALS AND OBJECTIVES. THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT BOARD OF TRUSTEE MEMBERS, APPROVES THE PRESIDENT'S AND OFFICER'S/KEY EMPLOYEES' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19: THE UNIVERSITY'S FORM 990 AND 990-T ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF THE VICE PRESIDENT FOR FINANCE & ADMINISTRATIVE SERVICES UPON WRITTEN REQUEST. ADDITIONAL, THE UNIVERSITY'S FORMS 990 AND MASSACHUSETTS FORM PC, AS WELL AS AUDITED FINANCIAL STATEMENTS, ARE AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE, PUBLIC CHARITIES DIVISION. REQUESTS FOR COPIES OF BYLAWS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE DIRECTED TO THE VICE PRESIDENT FOR FINANCE & ADMINISTRATIVE SERVICES FOR A RESPONSE. FORM 990, PART X, LINE 10: INVESTMENTS IN DIRECT REAL ESTATE OF $419,580 ARE INCLUDED HERE. FORM 990, PART XI, LINE 9: On July 1, 2024, Cambridge College, Inc. ("CC") contributed certain assets of its education business to Bay Path Acquisition, LLC ("BPU Acquisition"). As part of CC's contribution, BPU Acquisition assumed a portion of CC's trade accounts payable. The following table summarizes the assets contributed and liabilities assumed. $ 90,000 Donor-restricted funds contribution receivable 812,211 Equipment 3,620,000 Intangibles 251,313 Prepaids and other assets 9,313,025 Donor-restricted endowment funds investments (152,390) Trade accounts payable -------------- $13,934,159 575,643 Donor-restricted funds cash -------------- $14,509,802 ============== FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BPU ACQUISITION LLC 588 LONGMEADOW STREET LONGMEADOW MA 01106 991781221 Education MA 19112443 22017031 BPU