HUSSON UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- HUSSON UNIVERSITY (EIN 01-0271210)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-03
- IRS object ID
- 202431249349300938
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-03T09:52:02-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2211 Congress St | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010271210 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Husson University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HUSS | BusinessNameControlTxt |
| Phone | 2079417000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | R Thomas Welch | PersonNm |
| Person Title | VP Finance & Admin, Treasurer | PersonTitleTxt |
| Phone | 2079417000 | PhoneNum |
| Signature | 2024-04-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | R | PersonFirstNm |
| Person Last | Thomas Welch | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joseph R Byrne | PreparerPersonNm |
| PTIN | P01289281 | PTIN |
| Phone | 2077752387 | PhoneNum |
| Preparation | 2024-04-30 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Robert Clark | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $83,622,817 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.husson.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1898 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | Educational Institution | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 29 | VotingMembersIndependentCnt |
| Total Employee | 1379 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $228,731 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $14,091,127 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,506,045 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $68,966,465 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $69,653,939 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,943,259 | PYInvestmentIncomeAmt |
| CY Investment Income | $338,264 | CYInvestmentIncomeAmt |
| PY Other Revenue | $527,983 | PYOtherRevenueAmt |
| CY Other Revenue | $458,998 | CYOtherRevenueAmt |
| PY Total Revenue | $86,528,834 | PYTotalRevenueAmt |
| CY Total Revenue | $81,957,246 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $22,690,815 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $19,430,548 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $37,111,975 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $37,356,336 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,357,420 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $22,043,355 | PYOtherExpensesAmt |
| CY Other Expenses | $23,740,182 | CYOtherExpensesAmt |
| PY Total Expenses | $81,846,145 | PYTotalExpensesAmt |
| CY Total Expenses | $80,527,066 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,682,689 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,430,180 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $150,282,751 | TotalAssetsBOYAmt |
| Total Assets EOY | $149,562,202 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $45,381,773 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,958,069 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $104,900,978 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $110,604,133 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Husson University inspires and prepares students for professional careers in current and emerging fields within the context of an education informed by the sciences and humanities. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $62,493,500 | ExpenseAmt |
| Grant | $19,430,548 | GrantAmt |
| Revenue | $55,833,732 | RevenueAmt |
| Desc | For more than 125 years, Husson University has prepared future leaders to address the challenges of tomorrow through innovative undergraduate and graduate degrees.With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus provides advanced knowledge in business, health, pharmacy, science and humanities, as well as communication. In addition, Husson University has a robust online learning program.Continued on Schedule O According to a recent analysis of tuition and fees by U.S. News & World Report, Husson University is one of the most affordable private colleges in New England. Education at Husson University produces results. According to the most recent survey data, 96 percent of Husson University graduates are employed or enrolled in graduate school within one year of completing their degrees.Husson University is regionally accredited by the New England Council of Higher Education (NECHE). Regional accreditation applies to all programs. The University is also accredited by the International Accreditation Council for Business Education (IACBE), the Commission on Collegiate Nursing Education (CCNE), the Accreditation Council for Occupational Therapy (ACOTE), the Commission on Accreditation in Physical Therapy Education (CAPTE), the Accreditation Council for Pharmacy Education (ACPE), and the Council for Accreditation of Counseling and Related Educational Program (CACREP), with approval by the Maine Department of Education and National Board for Certified Counselors for its Teacher Education and School Counseling programs respectively. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,628,768 | ExpenseAmt |
| Revenue | $13,820,207 | RevenueAmt |
| Desc | Auxiliary ServicesThe Auxiliary Services department provides a variety of support services designed to enhance the Husson educational and student experience for the University. Serving a diverse set of stakeholders, Auxiliary services works to ensuring the continued success of the University in a fiscally responsible manner while reducing risk for the institution.Continued on Schedule OServices provided by this department include dining, maintenance, custodial, environmental health, safety, security, grounds keeping, the bookstore, and capital facility project management.Dining services seeks to provide a variety of wholesome, nutritious foods that meet the diverse needs of the Husson University community.Husson offers a variety of housing options for over 1,000 students which includes Hart Hall, Carlisle Hall, Bell Hall, the Darling Learning Center, and the Townhouses. The Living Learning Center can house up to 240 students. Each suite in the Darling Learning Center features suite-style living for four students. Three townhouse buildings have room for 72 students. Each townhouse has six two-story fully furnished apartments. The campus also includes the Dyke Center for Family Business, Gracie Theatre, Newman Gymnasium, Swan Center, Wellness Learning Center, the Webber Pool, as well as numerous athletic fields. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $72,122,268 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 198 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1379 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 29 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | R Thomas Welch | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2079417000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Daniel R Hutchins | ||||||||
| Chair | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Philip E Harriman | ||||||||
| Vice Chair | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Albert W Allen | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Earl C Black | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| John P Boucher | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Brock R Bradford | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan A Carlisle | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Daniel B Coffey | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Edward O Darling | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Kris A Doody | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Jaclyn Fish | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Arthur D Fuller | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Ross Y Furman | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Kenneth A Hews | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Deborah Carey Johnson | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Bradley Libby | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Mary Prybylo | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| John M Rohman | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert J Ronan | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| W Tom Sawyer Jr | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Irving Schneider | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Will Taylor | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Kelli L Theriault Hutchins | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard C Trott Jr | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Randy L Wadleigh | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Ryan Wheelock | ||||||||
| Student Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Cassandra White | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Tracey L Whitten | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael E Williamson | ||||||||
| Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Kamorski EdD | ||||||||
| Faculty Trustee | 40.00 | Yes (X) | $76,995 | $0 | $4,001 | |||
| Joseph H Cyr | ||||||||
| Past Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Ruth B Purtilo | ||||||||
| Past Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Betsy M Webb | ||||||||
| Past Trustee | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| R Thomas Welch | ||||||||
| VP Finance & Admin/Treasurer | 40.00 | Yes (X) | $143,445 | $0 | $21,313 | |||
| Dr Robert A Clark | ||||||||
| President | 40.00 | Yes (X) | $351,424 | $0 | $55,487 | |||
| Lynne Coy-Ogan | ||||||||
| Provost | 40.00 | $210,901 | $0 | $12,585 | Yes (X) | |||
| James Nash | ||||||||
| Dean of Health & Pharmacy | 40.00 | $216,141 | $0 | $5,066 | Yes (X) | |||
| Philip Taylor | ||||||||
| Dean of Science & Humanities | 40.00 | $188,798 | $0 | $17,096 | Yes (X) | |||
| William J Lindblad | ||||||||
| Professor of Pharmocology | 40.00 | $151,665 | $0 | $18,831 | Yes (X) | |||
| Sarah C Robinson | ||||||||
| VP of Advancement | 40.00 | $160,365 | $0 | $25,922 | Yes (X) | |||
| Marie E Hankinson | ||||||||
| Dean College of Business & NESCOM | 40.00 | $175,982 | $0 | $18,615 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,675,716 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $178,916 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Education Dynamics LLC | |||||
| PO Box 780276 | Philadelphia | PA | 191780276 | Admin & Marketing | $1,991,546 |
| Decibel Media LLC | |||||
| 10 City Square | Boston | MA | 02129 | Advertising | $757,466 |
| Wiley Edu LLC | |||||
| 1415 West 22nd Sreet Suite 8 | Oak Brook | IL | 60523 | Educational Services | $670,052 |
| Sheridan Corporation | |||||
| PO Box 359 | Fairfield | ME | 04937 | Construction Services | $536,807 |
| Creative Communications Associates | |||||
| 2 Third Street Suite 250 | Troy | NY | 12180 | Marketing | $448,674 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $6,848,142 | GovernmentGrantsAmt |
| All Other Contributions | $4,657,903 | AllOtherContributionsAmt |
| Noncash Contributions | $416,574 | NoncashContributionsAmt |
| Total Contributions | $11,506,045 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Tuition and Fees | 611710 | $55,833,732 | $55,833,732 | |
| Auxiliary Services | 611710 | $13,475,872 | $13,418,297 | $57,575 |
| Summer and Sports Camps | 721000 | $344,335 | $231,550 | $112,785 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $69,653,939 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $787,192 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$763 | UnrelatedBusinessRevenueAmt |
| Exclusion | $787,955 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $83,228 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $20,119 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $63,109 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,109 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $59,134 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,975 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $591,524 | SecuritiesAmt |
| Other | $605,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,099,695 | SecuritiesAmt |
| Other | $545,757 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$508,171 | SecuritiesAmt |
| Other | $59,243 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$448,928 | TotalRevenueColumnAmt |
| Exclusion | -$448,928 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Other Revenue | 711130 | $207,386 | $207,386 |
| Bookstore Commission | 611710 | $97,203 | $97,203 |
| Misc Student Revenue | 900099 | $91,300 | $91,300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $395,889 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,957,246 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $69,483,579 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $228,731 | UnrelatedBusinessRevenueAmt |
| Exclusion | $738,891 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,430,548 | TotalAmt |
| Program Services | $19,430,548 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $876,151 | TotalAmt |
| Program Services | $80,996 | ProgramServicesAmt |
| Management And General | $795,155 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,756,483 | TotalAmt |
| Program Services | $26,107,756 | ProgramServicesAmt |
| Management And General | $1,903,351 | ManagementAndGeneralAmt |
| Fundraising | $745,376 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,164,009 | TotalAmt |
| Program Services | $955,058 | ProgramServicesAmt |
| Management And General | $176,223 | ManagementAndGeneralAmt |
| Fundraising | $32,728 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,618,727 | TotalAmt |
| Program Services | $4,202,116 | ProgramServicesAmt |
| Management And General | $312,562 | ManagementAndGeneralAmt |
| Fundraising | $104,049 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,940,966 | TotalAmt |
| Program Services | $1,662,781 | ProgramServicesAmt |
| Management And General | $231,696 | ManagementAndGeneralAmt |
| Fundraising | $46,489 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,396 | TotalAmt |
| Management And General | $75,396 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,931 | TotalAmt |
| Management And General | $47,931 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,101 | TotalAmt |
| Management And General | $27,101 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,935,056 | TotalAmt |
| Program Services | $1,939,752 | ProgramServicesAmt |
| Management And General | $960,362 | ManagementAndGeneralAmt |
| Fundraising | $34,942 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,878,786 | TotalAmt |
| Program Services | $2,110,680 | ProgramServicesAmt |
| Management And General | $768,106 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,527,983 | TotalAmt |
| Program Services | $1,231,641 | ProgramServicesAmt |
| Management And General | $186,978 | ManagementAndGeneralAmt |
| Fundraising | $109,364 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,914,218 | TotalAmt |
| Program Services | $1,360,027 | ProgramServicesAmt |
| Management And General | $466,186 | ManagementAndGeneralAmt |
| Fundraising | $88,005 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,502,348 | TotalAmt |
| Program Services | $1,419,782 | ProgramServicesAmt |
| Management And General | $68,902 | ManagementAndGeneralAmt |
| Fundraising | $13,664 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,677,185 | TotalAmt |
| Program Services | $1,457,361 | ProgramServicesAmt |
| Management And General | $128,062 | ManagementAndGeneralAmt |
| Fundraising | $91,762 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,555 | TotalAmt |
| Program Services | $83,942 | ProgramServicesAmt |
| Management And General | $16,073 | ManagementAndGeneralAmt |
| Fundraising | $16,540 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $703,286 | TotalAmt |
| Program Services | $694,855 | ProgramServicesAmt |
| Management And General | $7,888 | ManagementAndGeneralAmt |
| Fundraising | $543 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,195,652 | TotalAmt |
| Program Services | $5,848,268 | ProgramServicesAmt |
| Management And General | $310,904 | ManagementAndGeneralAmt |
| Fundraising | $36,480 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $326,133 | TotalAmt |
| Management And General | $326,133 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Materials & Supplies | $3,463,590 | $3,434,105 | $19,552 | $9,933 |
| Miscellaneous Expense | $348,962 | $102,600 | $218,817 | $27,545 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,527,066 | TotalAmt |
| Program Services | $72,122,268 | ProgramServicesAmt |
| Management And General | $7,047,378 | ManagementAndGeneralAmt |
| Fundraising | $1,357,420 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,497,488 | BOYAmt |
| EOY | $2,491,959 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,955,141 | BOYAmt |
| EOY | $21,399,838 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,713,597 | BOYAmt |
| EOY | $3,451,734 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,107,531 | BOYAmt |
| EOY | $830,637 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,135 | BOYAmt |
| EOY | $16,935 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,153 | BOYAmt |
| EOY | $82,403 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $727,801 | BOYAmt |
| EOY | $1,174,727 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $146,847,628 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $68,838,292 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,830,427 | BOYAmt |
| EOY | $78,009,336 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,384,593 | BOYAmt |
| EOY | $40,513,211 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,438 | BOYAmt |
| EOY | $505,244 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,447 | BOYAmt |
| EOY | $1,086,178 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,282,751 | BOYAmt |
| EOY | $149,562,202 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,321,553 | BOYAmt |
| EOY | $4,752,401 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,529,510 | BOYAmt |
| EOY | $3,144,990 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,939,688 | BOYAmt |
| EOY | $17,157,399 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,438,806 | BOYAmt |
| EOY | $12,760,254 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,034,970 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,117,246 | BOYAmt |
| EOY | $1,143,025 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,381,773 | BOYAmt |
| EOY | $38,958,069 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,431,691 | BOYAmt |
| EOY | $78,283,173 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,469,287 | BOYAmt |
| EOY | $32,320,960 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,900,978 | BOYAmt |
| EOY | $110,604,133 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,282,751 | BOYAmt |
| EOY | $149,562,202 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,430,180 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,631,844 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $641,131 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,030,639 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,520,158 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,686,114 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,091,127 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,506,045 | CurrentTaxYearAmt |
| Total | $50,834,083 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,030,639 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,520,158 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,686,114 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,091,127 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,506,045 | CurrentTaxYearAmt |
| Total | $50,834,083 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,137,182 | SubstantialContributorsTotAmt |
| Public Support Total170 | $43,696,901 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $668,409 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $670,998 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $852,024 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $181,132 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $791,930 | CurrentTaxYearAmt |
| Total | $3,164,493 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $745,632 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $604,719 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $441,024 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $535,531 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $472,780 | CurrentTaxYearAmt |
| Total | $2,799,686 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $56,798,262 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $344,025,551 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.76930 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II: | FormAndLineReferenceDesc |
| Explanation | The University has elected to complete the Schedule A, Part II Public Support Test for the first time this year to utilize the Schedule B special rule. Therefore, Schedule A, Part II Line 15 has been left blank for this year, as the test was not completed for 2021. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,236,195 | BeginningYearBalanceAmt |
| Contributions | $2,296,064 | ContributionsAmt |
| Investment Earnings Or Losses | $2,544,413 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $919,774 | GrantsOrScholarshipsAmt |
| End Year Balance | $28,156,898 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,168,158 | BeginningYearBalanceAmt |
| Contributions | $1,706,028 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,840,826 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $797,165 | GrantsOrScholarshipsAmt |
| End Year Balance | $24,236,195 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,248,617 | BeginningYearBalanceAmt |
| Contributions | $1,259,655 | ContributionsAmt |
| Investment Earnings Or Losses | $5,406,561 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $746,675 | GrantsOrScholarshipsAmt |
| End Year Balance | $26,168,158 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,037,947 | BeginningYearBalanceAmt |
| Contributions | $464,610 | ContributionsAmt |
| Investment Earnings Or Losses | $412,680 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $666,620 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,248,617 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,551,272 | BeginningYearBalanceAmt |
| Contributions | $535,196 | ContributionsAmt |
| Investment Earnings Or Losses | $1,510,243 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $558,764 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,037,947 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.66321 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.33679 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,116,736 | OtherCostOrOtherBasisAmt |
| Book Value | $1,116,736 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $103,260,075 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,488,344 | DepreciationAmt |
| Book Value | $62,771,731 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,741,834 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,823,983 | DepreciationAmt |
| Book Value | $6,917,851 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,728,983 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,525,965 | DepreciationAmt |
| Book Value | $7,203,018 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $78,009,336 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Asset Retirement Obligation | $241,677 |
| Charitable Gift Annuities Payable | $205,950 |
| Deferred Compensation Liability | $181,970 |
| Operating Lease Liability | $103,572 |
| Finance Lease Liability | $409,856 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,143,025 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $66,792,691 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,631,844 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $661,250 | OtherRevenueAmt |
| Revenue Not Reported | $4,293,094 | RevenueNotReportedAmt |
| Revenue Subtotal | $62,499,597 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $27,101 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $19,430,548 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $19,457,649 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $81,957,246 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $61,089,536 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $20,119 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $20,119 | ExpensesNotReportedAmt |
| Expenses Subtotal | $61,069,417 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $27,101 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $19,430,548 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,457,649 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $80,527,066 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | Endowment funds are held in perpetuity and the income is to be spent based on the donor's intent which primarily are for scholarships. |
| Part X, Line 2: | Husson is a tax exempt organization under the provisions of tax code Section 501(c)(3). Certain activities of the University are unrelated business income and, therefore, subject to federal and state income tax. Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that required adjustment to the financial statements. The University is subject to U.S. federal and state examinations by tax authorities for the years ended June 30, 2020 to June 30, 2023. |
| Part XI, Line 2d - Other Adjustments: | Rental Expenses 20,119. Change in Value of Split Interest Agreements 16,400. Change in Value of Interest Rate Swap 624,731. |
| Part XI, Line 4b - Other Adjustments: | Scholarships/Aid 19,430,548. |
| Part XII, Line 2d - Other Adjustments: | Rental Expenses 20,119. |
| Part XII, Line 4b - Other Adjustments: | Scholarships/Aid 19,430,548. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | 1 - Resolution of Governing Board. 2 - All publications and announcements include policy statements. 3 - Part of all announcements of courses being offered. |
| Schedule E, Part I, Line 6 | Husson University receives various government grants. Among them are: SEOG Grants College Work Study Grants |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial Aid | GrantTypeTxt |
| Recipient | 2171 | RecipientCnt |
| Non Cash Assistance | $19,430,548 | NonCashAssistanceAmt |
| Valuation Method Used | FMV of Tuition | ValuationMethodUsedDesc |
| Non Cash Assistance | Scholarship Aid | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The University grants scholarships to eligible students and maintains records as to their eligibility and qualifications. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Robert A Clark | ||||||||||||||
| President | $347,233 | $0 | $0 | $0 | $4,191 | $0 | $18,300 | $0 | $37,187 | $0 | $406,911 | $0 | $0 | $0 |
| Lynne Coy-Ogan | ||||||||||||||
| Provost | $208,990 | $0 | $0 | $0 | $1,911 | $0 | $12,585 | $0 | $0 | $0 | $223,486 | $0 | $0 | $0 |
| James Nash | ||||||||||||||
| Dean of Health & Pharmacy | $215,083 | $0 | $0 | $0 | $1,058 | $0 | $5,066 | $0 | $0 | $0 | $221,207 | $0 | $0 | $0 |
| Philip Taylor | ||||||||||||||
| Dean of Science & Humanities | $187,130 | $0 | $0 | $0 | $1,668 | $0 | $9,909 | $0 | $7,187 | $0 | $205,894 | $0 | $0 | $0 |
| Marie E Hankinson | ||||||||||||||
| Dean College of Business & NESCOM | $175,424 | $0 | $0 | $0 | $558 | $0 | $10,793 | $0 | $7,822 | $0 | $194,597 | $0 | $0 | $0 |
| Sarah C Robinson | ||||||||||||||
| VP of Advancement | $158,850 | $0 | $0 | $0 | $1,515 | $0 | $10,285 | $0 | $15,637 | $0 | $186,287 | $0 | $0 | $0 |
| William J Lindblad | ||||||||||||||
| Professor of Pharmocology | $149,381 | $0 | $0 | $0 | $2,284 | $0 | $9,206 | $0 | $9,625 | $0 | $170,496 | $0 | $0 | $0 |
| R Thomas Welch | ||||||||||||||
| VP Finance & Admin/Treasurer | $143,121 | $0 | $0 | $0 | $324 | $0 | $0 | $0 | $21,313 | $0 | $164,758 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | The University provides a housing allowance for the President of the Organization, as it is required that he/she lives on campus as a part of his/her employment. This housing allowance is treated as a nontaxable benefit. |
| Part I, Line 1b | The Board of Trustees assessed and determined the appropriate level of benefit after reviewing its potential value and market data on compensation and benefits. |
| Part I, Line 4b | Robert Clark participates in a non-qualified retirement plan. There was no contribution to this plan in 2022. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| Finance Authority of Maine | |||||||
| A | 010392006 | 2016-06-27 | $4,200,000 | Dormitory Renovations/Turf Field Replacement: 1 College Circle, Bangor, ME | 0 | 0 | 0 |
| Finance Authority of Maine | |||||||
| B | 010392006 | 2017-02-14 | $10,300,000 | Townhouse Building and Dormitory Renovations | 0 | 0 | 0 |
| Finance Authority of Maine | |||||||
| C | 010392006 | 2019-05-15 | $4,000,000 | Wellness Learning Center | 0 | 0 | 0 |
| Maine Health & Higher Education Facilities | |||||||
| D | 010314384 | 2020-06-30 | $1,914,227 | REFI MHHEFA Series 2010B | 0 | 0 | Yes (1) |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | In Reserve FundInReserveFundAmt | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,122,015 | $4,200,000 | $25,448 | $4,174,552 | 2016 | 0 | 0 | Yes (1) | Yes (1) | ||
| B | $1,435,568 | $10,300,000 | $88,242 | $10,211,758 | 2017 | 0 | 0 | Yes (1) | Yes (1) | ||
| C | $347,477 | $4,000,000 | $77,781 | $3,922,219 | 2019 | 0 | 0 | Yes (1) | Yes (1) | ||
| D | $351,768 | $1,914,227 | $33,172 | 2020 | Yes (1) | 0 | Yes (1) | Yes (1) | $213,950 | $1,667,105 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K Supplental Information | FormAndLineReferenceDesc |
| Explanation | Schedule K, Part II - The amount on the schedule K Part I represents the entire 2020B Bond series that is pooled funding and therefore includes funds dedicated to other institutions. The issue price on Form 8038 Part III, Line 21 (B) - includes proceeds for other institutions as well. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Joseph H Cyr | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Entity more than 35% controlled by Joseph H. Cyr, Past Board Trustee | RelationshipDescriptionTxt |
| Transaction | $344,870 | TransactionAmt |
| Transaction | Independent Contractor Arrangement | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,490 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraised Value | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $412,084 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | The Form 990 is reviewed by the Finance Committee prior to filing, and the returns are made available to the full Board of Trustees for review. |
| Form 990, Part VI, Section B, line 12c | Annual Board of Trustees disclosures are required and are scrutinized for potential conflicts. |
| Form 990, Part VI, Section B, line 15a | Compensation undergoes an annual review by the Board of Trustees and a salary recommendation is made. |
| Form 990, Part VI, Section C, line 19 | Form 990 is available upon request. The governing documents, policies and financial statements are not disclosed to the general public. |
| Form 990, Part X, Line 10: Land, Buildings & Equipment | Section 1.263(a)-3(n) Election: Husson University One College Circle Bangor, ME 04401 EIN: 01-0271210 Husson University is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). |
| Form 990, Part XI, line 9: | Change in Value of Split Interest Agreements 16,400. Change in Value of Interest Rate Swaps 624,731. |
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