NEW ENGLAND COLLEGE OF OPTOMETRY: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND COLLEGE OF OPTOMETRY (EIN 04-1591060)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-04-24
- IRS object ID
- 202301149349301075
- Schema version
- 2021v4.2
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-04-24T12:59:05-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MHM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041591060 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE NEW ENGLAND COLLEGE OF OPTOMETRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWE | BusinessNameControlTxt |
| Phone | 6172662030 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 424 BEACON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HOWARD PURCELL OD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6172662030 | PhoneNum |
| Signature | 2023-04-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | HOWARD | PersonFirstNm |
| Person Last | PURCELL OD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CRAIG KLEIN | PreparerPersonNm |
| PTIN | P00734640 | PTIN |
| Phone | 6177610600 | PhoneNum |
| Preparation | 2023-04-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HOWARD PURCELL OD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 424 BEACON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $38,479,869 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NECO.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1894 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | CHANGING THE WAY PEOPLE SEE THE WORLD THROUGH OPTOMETRIC EDUCATION, DISCOVERY AND SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 308 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $35,600 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $34,600 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,632,097 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,383,692 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $24,452,635 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $25,213,195 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,380,805 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,227,643 | CYInvestmentIncomeAmt |
| PY Other Revenue | $939,118 | PYOtherRevenueAmt |
| CY Other Revenue | $1,036,143 | CYOtherRevenueAmt |
| PY Total Revenue | $30,404,655 | PYTotalRevenueAmt |
| CY Total Revenue | $30,860,673 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,205,800 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,792,696 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,956,113 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,047,145 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $540,726 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,255,565 | PYOtherExpensesAmt |
| CY Other Expenses | $9,577,044 | CYOtherExpensesAmt |
| PY Total Expenses | $22,417,478 | PYTotalExpensesAmt |
| CY Total Expenses | $24,416,885 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,987,177 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,443,788 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $76,301,492 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,214,520 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $14,903,075 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,634,077 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $61,398,417 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,580,443 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE OTHE MISSION OF NEW ENGLAND COLLEGE OF OPTOMETRY IS TO CHANGE THE WAY PEOPLE SEE THE WORLD.WE DO SO BY:- INTEGRATING INNOVATIVE EDUCATION WITH EARLY AND DIVERSE CLINICAL EXPERIENCES TO PREPARE TODAY'S OPTOMETRISTS FOR TOMORROW'S OPTOMETRY.- ADVANCING THE FRONTIERS OF OPTOMETRIC KNOWLEDGE THROUGH EVIDENCE-BASED RESEARCH AND THEN APPLYING THIS KNOWLEDGE TO IMPROVE PATIENTS' LIVES WORLDWIDE.- CULTIVATING COMPASSIONATE CARE OF THE HIGHEST LEVEL OF PROFICIENCY, INTEGRITY, AND PROFESSIONALISM; INFLUENCING PUBLIC POLICY; EXPANDING ACCESS TO COMPREHENSIVE AND SPECIALTY OPTOMETRIC SERVICES; AND EMPHASIZING A SENSITIVITY TO THE HEALTH AND SOCIAL WELFARE OF DIVERSE COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,316,992 | ExpenseAmt |
| Grant | $1,767,433 | GrantAmt |
| Revenue | $24,322,058 | RevenueAmt |
| Desc | OPTOMETRIC EDUCATION (DIDACTIC INSTRUCTION AND CLINICAL TRAINING) - THE NEW ENGLAND COLLEGE OF OPTOMETRY IS AN INDEPENDENT GRADUATE SCHOOL THAT EDUCATES STUDENTS TO BECOME OUTSTANDING DOCTORS OF OPTOMETRY WHO EXEMPLIFY PROFESSIONALISM AND COMPASSION IN THE COMMUNITIES IN WHICH THEY SERVE. THE CURRICULUM OPTIMIZES THE SYNERGISTIC RELATIONSHIP BETWEEN THE DIDACTIC AND CLINICAL EXPERIENCE, UTILIZING BOTH TRADITIONAL AND INNOVATIVE PEDAGOGICAL PRACTICES TO ENSURE A LEARNING EXPERIENCE THAT IS STUDENT-CENTERED AND ENGAGING, AND REFLECTIVE OF THE EVOLVING LANDSCAPE OF EYE CARE, HEALTHCARE, AND HEALTHCARE POLICY. 549 STUDENTS WERE ENROLLED DURING THE YEAR ENDED 06/30/2022. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,398,690 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $1,875,506 | RevenueAmt |
| Desc | RESEARCH - THE COLLEGE ADVANCES THE FRONTIERS OF OPTOMETRIC KNOWLEDGE AND TRANSLATES THAT KNOWLEDGE TO IMPROVE PATIENTS' LIVES WORLDWIDE BY REDUCING VISION LOSS AND TRANSFORMING THE DELIVERY OF EYE CARE. NECO HAS AN INTERNATIONAL REPUTATION IN CLINICALLY RELEVANT AREAS OF RESEARCH INCLUDING MYOPIA, LOW VISION REHABILITATION, AND PEDIATRICS. NECO FACULTY PROVIDES EXCELLENT TEACHING AND RESEARCH, WITH SUPPORT FROM THE NIH, OTHER GOVERNMENT AGENCIES, FOUNDATIONS, AND INDUSTRY. STUDENT PARTICIPATION IN RESEARCH GRADUATE PROGRAMS IS ENCOURAGED, WITH MENTORSHIP FROM FACULTY. IN FY2022 THE COLLEGE RECEIVED REVENUE FROM 22 GRANTS AND CONTRACTS, 8 OF WHICH WERE SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $185,973 | ExpenseAmt |
| Grant | $25,263 | GrantAmt |
| Revenue | $16,174 | RevenueAmt |
| Desc | INTERNATIONAL PROGRAMS - THE NEW ENGLAND COLLEGE OF OPTOMETRY IS COMMITTED TO THE DEVELOPMENT OF PARTNERSHIPS AND EDUCATIONAL PROGRAMS THAT ADVANCE THE QUALITY OF VISION AND EYE CARE GLOBALLY THROUGH PARTNERSHIPS AND SPONSORSHIPS WITH COLLEGES AND UNIVERSITIES IN EUROPE, ASIA AND THE MIDDLE EAST. NECO FACULTY HAVE PLAYED A KEY ROLE IN EXTENDING OPTOMETRIC EDUCATION TO OTHER COUNTRIES, INCLUDING CHINA, ISRAEL, SOUTH AFRICA, AND SPAIN IN FY2022. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $17,901,655 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | 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 | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | 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 | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 549 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 308 | 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 | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | 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 | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRACI LOGAN EVPCOOCFO | PersonNm |
| Phone | 6175875711 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 424 BEACON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| PANO YERACARIS MD MPH | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MYRON ALLUKIAN JR DDS MPH | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| LINDA BENNETT OD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| CORNELIUS CHAPMAN JD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHERINE COFFEY OD | |||||||||
| TRUSTEE (UNTIL 4/1/22) | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| RONALD R FERRUCCI OD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| ALAN GLAZIER OD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTEN GRIEBEL OD | |||||||||
| BOARD CHAIR | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD HELLER JD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| DOROTHY L HITCHMOTH OD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN N KIRNON MBA EDD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JANET LABRECK | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $16,695 | $9,971 | $0 | |||
| COLIN L LEITCH MDIV | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT MEENAN MD MPH MBA | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| RACHEL NEGRIS OD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| VALARIE RICCIARDI | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT RYAN CPA CGMA | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD N SMALL CPA | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH P ZOLNER EDD | |||||||||
| TRUSTEE | 3.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| HOWARD PURCELL | |||||||||
| PRESIDENT | 40.00 | 0.00 | Yes (X) | $515,408 | $0 | $54,402 | Yes (X) | ||
| NICOLE B QUINN | |||||||||
| TRUSTEE/PROFESSOR | 40.00 | 3.00 | Yes (X) | $127,928 | $0 | $41,777 | |||
| TRACI LOGAN | |||||||||
| TREASURER/EVP/COO/CFO | 40.00 | 0.00 | $434,017 | $0 | $38,351 | Yes (X) | |||
| JOANNA M HURIER | |||||||||
| SEC/EXEC DIR HR (UNTIL 11/21) | 40.00 | 0.00 | $124,321 | $0 | $21,443 | Yes (X) | |||
| ASHLEY TORTORA | |||||||||
| SECRETARY/ADMIN MANAGER | 40.00 | 0.00 | $57,673 | $0 | $14,147 | Yes (X) | |||
| ERIK M WEISSBERG | |||||||||
| VP/DEAN | 40.00 | 0.00 | $259,607 | $0 | $21,487 | Yes (X) | |||
| KRISTEN B FILLION | |||||||||
| ASSOC DEAN CLINICAL AFFAIR | 40.00 | 0.00 | $166,715 | $0 | $42,219 | Yes (X) | |||
| SHAWNE K GILLIES | |||||||||
| DIR FACILITIES/CAMPUS PLNG | 40.00 | 0.00 | $150,738 | $0 | $23,247 | Yes (X) | |||
| GARY Y CHU | |||||||||
| VP PROFESSIONAL AFFAIRS | 40.00 | 0.00 | $186,988 | $0 | $17,669 | Yes (X) | |||
| STEVEN B KOEVARY | |||||||||
| PROFESSOR | 40.00 | 0.00 | $173,413 | $0 | $24,906 | Yes (X) | |||
| JILL LUND | |||||||||
| DIR ENTERPRISE TECH | 40.00 | 0.00 | $159,479 | $0 | $28,326 | Yes (X) | |||
| LANCE MCNAUGHTON | |||||||||
| PROFESSOR | 40.00 | 0.00 | $158,794 | $0 | $23,734 | Yes (X) | |||
| PETER MADDOCKS | |||||||||
| EXEC DIR FIN OPERATIONS | 40.00 | 0.00 | $154,542 | $0 | $25,688 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,686,318 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $9,971 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $377,396 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 40 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| OHO INTERACTIVE | |||||
| 50 DAVIS SQUARE | SOMERVILLE | MA | 02144 | WEBSITE DEVELOPMENT | $166,819 |
| UNIVERSITY OF PENNSYLVANIA | |||||
| PO BOX 785541 | PHILADELPHIA | PA | 19178 | SUBCONTRACT CONSULTING | $155,831 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $698,106 | GovernmentGrantsAmt |
| All Other Contributions | $685,586 | AllOtherContributionsAmt |
| Noncash Contributions | $10,054 | NoncashContributionsAmt |
| Total Contributions | $1,383,692 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $23,321,515 | $23,321,515 |
| RESEARCH GRANTS | 900099 | $1,875,506 | $1,875,506 |
| INTERNATIONAL STUDIES | 900099 | $16,174 | $16,174 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $25,213,195 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,896,624 | TotalRevenueColumnAmt |
| Exclusion | $1,896,624 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,849,750 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,518,731 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,331,019 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,331,019 | TotalRevenueColumnAmt |
| Exclusion | $1,331,019 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $102,140 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $100,465 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,675 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,675 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ADMINISTRATIVE FEE CHARGED TO AFF | 900099 | $893,000 | $893,000 |
| INTEREST INCOME ON STUDENT LOANS | 900099 | $18,582 | $18,582 |
| AUXILIARY ENTERPRISES | 900099 | $7,985 | $7,985 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,901 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $79,301 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $35,600 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,034,468 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,860,673 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,213,738 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $35,600 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,227,643 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,767,433 | TotalAmt |
| Program Services | $1,767,433 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,263 | TotalAmt |
| Program Services | $25,263 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,829,004 | TotalAmt |
| Program Services | $580,194 | ProgramServicesAmt |
| Management And General | $1,248,810 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,619,235 | TotalAmt |
| Program Services | $5,861,614 | ProgramServicesAmt |
| Management And General | $2,416,615 | ManagementAndGeneralAmt |
| Fundraising | $341,006 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $782,271 | TotalAmt |
| Program Services | $479,357 | ProgramServicesAmt |
| Management And General | $275,793 | ManagementAndGeneralAmt |
| Fundraising | $27,121 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,026,308 | TotalAmt |
| Program Services | $628,898 | ProgramServicesAmt |
| Management And General | $361,829 | ManagementAndGeneralAmt |
| Fundraising | $35,581 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $790,327 | TotalAmt |
| Program Services | $484,294 | ProgramServicesAmt |
| Management And General | $278,633 | ManagementAndGeneralAmt |
| Fundraising | $27,400 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,525 | TotalAmt |
| Program Services | $11,978 | ProgramServicesAmt |
| Management And General | $22,547 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,216 | TotalAmt |
| Management And General | $104,216 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,000 | TotalAmt |
| Management And General | $36,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,422,555 | TotalAmt |
| Program Services | $930,885 | ProgramServicesAmt |
| Management And General | $483,932 | ManagementAndGeneralAmt |
| Fundraising | $7,738 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,826 | TotalAmt |
| Program Services | $24,444 | ProgramServicesAmt |
| Management And General | $146,382 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,443 | TotalAmt |
| Program Services | $25,483 | ProgramServicesAmt |
| Management And General | $14,967 | ManagementAndGeneralAmt |
| Fundraising | $993 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $464,136 | TotalAmt |
| Program Services | $151,120 | ProgramServicesAmt |
| Management And General | $312,082 | ManagementAndGeneralAmt |
| Fundraising | $934 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $770,444 | TotalAmt |
| Program Services | $257,160 | ProgramServicesAmt |
| Management And General | $513,284 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,276 | TotalAmt |
| Program Services | $77,256 | ProgramServicesAmt |
| Management And General | $41,478 | ManagementAndGeneralAmt |
| Fundraising | $3,542 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,759 | TotalAmt |
| Program Services | $153,179 | ProgramServicesAmt |
| Management And General | $10,993 | ManagementAndGeneralAmt |
| Fundraising | $8,587 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,730 | TotalAmt |
| Program Services | $73,698 | ProgramServicesAmt |
| Management And General | $25,229 | ManagementAndGeneralAmt |
| Fundraising | $2,803 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,359,282 | TotalAmt |
| Program Services | $973,772 | ProgramServicesAmt |
| Management And General | $346,959 | ManagementAndGeneralAmt |
| Fundraising | $38,551 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,469 | TotalAmt |
| Management And General | $249,469 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EDUCATIONAL SERVICE FEE | $3,109,860 | $3,109,860 | ||
| PRINTING AND PUBLICATIO | $256,992 | $252,621 | $4,256 | $115 |
| SUPPLIES | $219,246 | $219,246 | ||
| ALLOCATION OF FACILITIE | $0 | $1,406,222 | -$1,447,048 | $40,826 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $941,285 | TotalAmt |
| Program Services | $407,678 | ProgramServicesAmt |
| Management And General | $528,078 | ManagementAndGeneralAmt |
| Fundraising | $5,529 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,416,885 | TotalAmt |
| Program Services | $17,901,655 | ProgramServicesAmt |
| Management And General | $5,974,504 | ManagementAndGeneralAmt |
| Fundraising | $540,726 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,967,733 | BOYAmt |
| EOY | $9,106,926 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $489,829 | BOYAmt |
| EOY | $696,308 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,873 | BOYAmt |
| EOY | $619,175 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,871,064 | BOYAmt |
| EOY | $7,137,583 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $647,385 | BOYAmt |
| EOY | $1,111,968 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $36,599,247 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $28,597,051 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,987,297 | BOYAmt |
| EOY | $8,002,196 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,678,132 | BOYAmt |
| EOY | $46,606,787 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,204,179 | BOYAmt |
| EOY | $933,577 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,301,492 | BOYAmt |
| EOY | $74,214,520 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,078,402 | BOYAmt |
| EOY | $2,170,713 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,701,799 | BOYAmt |
| EOY | $2,715,627 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,435,000 | BOYAmt |
| EOY | $3,910,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,687,874 | BOYAmt |
| EOY | $6,837,737 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,903,075 | BOYAmt |
| EOY | $15,634,077 | 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 | $46,793,337 | BOYAmt |
| EOY | $45,592,196 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,605,080 | BOYAmt |
| EOY | $12,988,247 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,398,417 | BOYAmt |
| EOY | $58,580,443 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,301,492 | BOYAmt |
| EOY | $74,214,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,443,788 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$9,259,189 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,573 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 |
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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $36,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $36,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE HAS PAID THE LOBBYING FIRM CASCADE STRATEGIES, LLC, BOSTON, MASSACHUSETTS, A TOTAL OF $36,000, FOR MATTERS OF IMPORTANCE REGARDING STATE LEGISLATIVE ISSUES IN FY2022. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,466,891 | BeginningYearBalanceAmt |
| Contributions | $146,703 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,440,576 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $255,841 | GrantsOrScholarshipsAmt |
| Other Expenditures | $229,743 | OtherExpendituresAmt |
| Administrative Expenses | $8,206 | AdministrativeExpensesAmt |
| End Year Balance | $10,679,228 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,434,269 | BeginningYearBalanceAmt |
| Contributions | $45,509 | ContributionsAmt |
| Investment Earnings Or Losses | $2,367,928 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $171,481 | GrantsOrScholarshipsAmt |
| Other Expenditures | $200,250 | OtherExpendituresAmt |
| Administrative Expenses | $9,084 | AdministrativeExpensesAmt |
| End Year Balance | $12,466,891 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,687,888 | BeginningYearBalanceAmt |
| Contributions | $23,055 | ContributionsAmt |
| Investment Earnings Or Losses | $317,801 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $274,467 | GrantsOrScholarshipsAmt |
| Other Expenditures | $309,073 | OtherExpendituresAmt |
| Administrative Expenses | $10,935 | AdministrativeExpensesAmt |
| End Year Balance | $10,434,269 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,344,188 | BeginningYearBalanceAmt |
| Contributions | $14,826 | ContributionsAmt |
| Investment Earnings Or Losses | $646,739 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $239,398 | GrantsOrScholarshipsAmt |
| Other Expenditures | $65,804 | OtherExpendituresAmt |
| Administrative Expenses | $12,663 | AdministrativeExpensesAmt |
| End Year Balance | $10,687,888 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,992,791 | BeginningYearBalanceAmt |
| Contributions | $19,793 | ContributionsAmt |
| Investment Earnings Or Losses | $713,091 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $241,118 | GrantsOrScholarshipsAmt |
| Other Expenditures | $128,644 | OtherExpendituresAmt |
| Administrative Expenses | $11,725 | AdministrativeExpensesAmt |
| End Year Balance | $10,344,188 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.67650 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.32350 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,414,632 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,750,802 | DepreciationAmt |
| Book Value | $5,663,830 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,080,642 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,443,002 | DepreciationAmt |
| Book Value | $1,637,640 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,103,973 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,403,247 | DepreciationAmt |
| Book Value | $700,726 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,002,196 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GOVERNMENT GRANTS REFUNDABLE | Desc |
| Amt | $6,837,737 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,837,737 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $20,293,820 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$9,259,189 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $100,465 | OtherRevenueAmt |
| Revenue Not Reported | -$9,158,724 | RevenueNotReportedAmt |
| Revenue Subtotal | $29,452,544 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $32,791 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,375,338 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,408,129 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $30,860,673 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $23,111,794 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $100,465 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $100,465 | ExpensesNotReportedAmt |
| Expenses Subtotal | $23,011,329 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $32,791 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,372,765 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,405,556 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $24,416,885 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS PRIMARILY TO FUND SCHOLARSHIPS AS WELL AS OPTOMETRIC EDUCATIONAL AND RESEARCH PROGRAMS. ALL USES ARE IN ACCORDANCE WITH DONOR'S INSTRUCTIONS. |
| PART X, LINE 2: | THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 100,465. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND GRANTS AWARDED 1,361,725. BAD DEBT 11,040. CHANGE IN VALUE OF ANNUITY OBLIGATION 2,573. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 100,465. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND GRANTS AWARDED 1,361,725. BAD DEBT 11,040. |
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 | ALL RECRUITMENT MATERIAL, ALL APPLICABLE CATALOGUES AND GUIDE-BOOKS, AS WELL AS THE WEBSITE AND BYLAWS CLEARLY DISCLOSE THE COLLEGE'S NON-DISCRIMINATION POLICIES. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE PARTICIPATES IN A NUMBER OF FEDERAL FINANCIAL AID PROGRAMS FOR ITS STUDENTS: FEDERAL DIRECT STUDENT LOANS, LOANS FOR DISADVANTAGED STUDENTS, SCHOLARSHIPS FOR DISADVANTAGED STUDENTS, AND HEALTH PROFESSIONAL STUDENT LOANS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICE | OPTOMETRIC EDUCATION - CHINA | $600 |
| MIDDLE EAST AND NORTH AFRICA | GRANTS | $25,263 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | PROGRAM SERVICE | OPTOMETRIC EDUCATION - SPAIN | $1,830 |
| SUB-SAHARAN AFRICA | PROGRAM SERVICE | OPTOMETRIC EDUCATION - SOUTH AFRICA | $323 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $28,016 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $28,016 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|
| MIDDLE EAST AND NORTH AFRICA | AID TO OPTOMETRIC EDUCATION PROGRAM | $8,792 | PAID EXPENSES ON BEHALF OF GRANTEE | $0 |
| MIDDLE EAST AND NORTH AFRICA | AID TO OPTOMETRIC EDUCATION PROGRAM | $16,471 | PAID EXPENSES ON BEHALF OF GRANTEE | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | GRANTS ARE AWARDED TO OPTOMETRY EDUCATION PROGRAMS AT PUBLIC COLLEGES AND UNIVERSITIES. GRANTS ARE AWARDED SOLELY IN THE FORM OF ELIGIBLE EXPENSES PAID ON BEHALF OF THE GRANTEES. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| SCHOLARSHIPS | 148 | $1,361,725 | FMV | TUITION SCHOLARSHIPS | |
| COVID-19 RELIEF GRANTS TO STUDENTS | 202 | $78,428 | FMV | CREDIT TO STUDENTS' TUITION BILLING ACCOUNTS | $327,280 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIPS ARE AWARDED BASED ON A VARIETY OF CRITERIA, GENERALLY ACADEMIC MERIT AND/OR FINANCIAL NEED. ALL SCHOLARSHIPS ARE APPLIED BY THE COLLEGE'S FINANCIAL AID OFFICE AND BUSINESS OFFICE DIRECTLY TO EACH STUDENT'S TUITION BILLING ACCOUNT BALANCE. COVID-19 RELIEF GRANTS TO STUDENTS ARE AWARDED BASED ON FINANCIAL NEED RELATED TO THE COVID-19 PANDEMIC. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| 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 | 0 | 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 | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOWARD PURCELL | ||||||||||||||
| PRESIDENT | $441,019 | $0 | $70,187 | $0 | $4,202 | $0 | $26,100 | $0 | $28,302 | $0 | $569,810 | $0 | $0 | $0 |
| TRACI LOGAN | ||||||||||||||
| TREASURER/EVP/COO/CFO | $368,738 | $0 | $42,012 | $0 | $23,267 | $0 | $26,100 | $0 | $12,251 | $0 | $472,368 | $0 | $0 | $0 |
| ERIK M WEISSBERG | ||||||||||||||
| VP/DEAN | $233,254 | $0 | $24,968 | $0 | $1,385 | $0 | $21,009 | $0 | $478 | $0 | $281,094 | $0 | $0 | $0 |
| KRISTEN B FILLION | ||||||||||||||
| ASSOC DEAN CLINICAL AFFAIR | $164,030 | $0 | $1,342 | $0 | $1,343 | $0 | $15,385 | $0 | $26,834 | $0 | $208,934 | $0 | $0 | $0 |
| GARY Y CHU | ||||||||||||||
| VP PROFESSIONAL AFFAIRS | $184,162 | $0 | $1,694 | $0 | $1,132 | $0 | $16,669 | $0 | $1,000 | $0 | $204,657 | $0 | $0 | $0 |
| STEVEN B KOEVARY | ||||||||||||||
| PROFESSOR | $168,673 | $0 | $2,177 | $0 | $2,563 | $0 | $15,376 | $0 | $9,530 | $0 | $198,319 | $0 | $0 | $0 |
| JILL LUND | ||||||||||||||
| DIR ENTERPRISE TECH | $145,869 | $0 | $5,525 | $0 | $8,085 | $0 | $13,336 | $0 | $14,990 | $0 | $187,805 | $0 | $0 | $0 |
| LANCE MCNAUGHTON | ||||||||||||||
| PROFESSOR | $156,565 | $0 | $1,042 | $0 | $1,187 | $0 | $13,916 | $0 | $9,818 | $0 | $182,528 | $0 | $0 | $0 |
| PETER MADDOCKS | ||||||||||||||
| EXEC DIR FIN OPERATIONS | $142,430 | $0 | $1,136 | $0 | $10,976 | $0 | $14,078 | $0 | $11,610 | $0 | $180,230 | $0 | $0 | $0 |
| SHAWNE K GILLIES | ||||||||||||||
| DIR FACILITIES/CAMPUS PLNG | $123,955 | $0 | $6,167 | $0 | $20,616 | $0 | $13,209 | $0 | $10,038 | $0 | $173,985 | $0 | $0 | $0 |
| NICOLE B QUINN | ||||||||||||||
| TRUSTEE/PROFESSOR | $126,313 | $0 | $897 | $0 | $718 | $0 | $12,175 | $0 | $29,602 | $0 | $169,705 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE COLLEGE'S PRESIDENT WAS REIMBURSED FOR MEMBERSHIP DUES PAID TO A SOCIAL CLUB USED PRIMARILY FOR BUSINESS PURPOSES. |
| PART I, LINE 7 | CERTAIN PERFORMANCE BASED BONUSES WERE PAID FOLLOWING APPROVAL BY THE PRESIDENT AND/OR SENIOR MANAGEMENT. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | NONEAVAIL | CUSIPNum |
| Bond Issued | 2013-12-05 | BondIssuedDt |
| Issue Price | $7,900,000 | IssuePriceAmt |
| Purpose | REFINANCING OF THE SERIES 1997 BOND AND COMMERCIAL PAPER | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $7,900,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $74,725 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $7,825,275 | CapitalExpendituresAmt |
| Substantial Completion | 2013 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 WAS REVIEWED IN DETAIL BY SENIOR MANAGEMENT AND ALSO REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IT WAS FURNISHED TO THE FULL BOARD OF TRUSTEES BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COLLEGE'S WRITTEN CONFLICT OF INTEREST POLICY REQUIRES TRUSTEES, OFFICERS, AND KEY EMPLOYEES TO REPORT AT LEAST ANNUALLY, ON A WRITTEN BASIS, ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST. THOSE STATEMENTS ARE FIRST REVIEWED BY THE GOVERNANCE AND TRUSTEESHIP COMMITTEE AND THEN REFERRED TO THE FINANCE, AUDIT AND BUSINESS AFFAIRS COMMITTEE. AFTER REVIEW AND CLARIFICATION, THOSE CONFLICTS ARE ONLY DISCUSSED WITH THE FULL BOARD WHEN VIEWED AS MATERIAL. DIRECTORS ARE PROHIBITED FROM VOTING ON MATTERS INVOLVING AN ACTUAL OR POTENTIAL CONFLICT AND ARE REQUESTED TO RECUSE THEMSELVES FROM VOTING ON SUCH MATTERS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ESTABLISHES THE COMPENSATION (SALARY AND BENEFITS) OF THE PRESIDENT/CEO AND EXECUTIVE VP/CFO/COO BY IDENTIFYING COMPENSATION THAT IS REASONABLE AND NOT EXCESSIVE, AND IS SUFFICIENTLY COMPETITIVE TO RETAIN THE BEST POSSIBLE TALENT TO LEAD THE ORGANIZATION. SIMILARLY, THE PRESIDENT ESTABLISHES THE COMPENSATION FOR THE VP AND DEAN OF ACADEMIC AFFAIRS, USING ASCO DATA FOR SIMILAR POSITIONS AT OTHER SCHOOLS OF OPTOMETRY, ADJUSTED FOR THE COST OF LIVING IN SIMILAR GEOGRAPHIC LOCATIONS. THE EXECUTIVE COMMITTEE HAS PREVIOUSLY COMPLETED INDEPENDENT COMPENSATION STUDIES FOR EXECUTIVE LEADERSHIP. REVIEWS BY INDEPENDENT THIRD PARTIES ARE CONDUCTED EVERY THREE YEARS TO DETERMINE WHAT SIMILARLY-SIZED PEER ORGANIZATIONS, IN THE SAME GEOGRAPHIC LOCATION, OFFER THEIR EXECUTIVE LEADERSHIP, FACULTY AND STAFF. |
| FORM 990, PART VI, SECTION C, LINE 19 | AUDITED FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON THE COLLEGE'S WEBSITE. AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE PUBLICLY AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990 IS PUBLICLY AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON WRITTEN REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF ANNUITY OBLIGATIONS -2,573. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND EYE INSTITUTE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 930 COMMONWEALTH AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02215 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043575676 | EIN |
| Primary Activities | EYE CARE PROVIDER | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND COLLEGE OF OPTOMETRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NEW ENGLAND EYE INSTITUTE INC | ||
| D | $722,823 | BOOK VALUE |
| NEW ENGLAND EYE INSTITUTE INC | ||
| D | $210,754 | BOOK VALUE |
| NEW ENGLAND EYE INSTITUTE INC | ||
| O | $4,531,785 | BOOK VALUE |
| NEW ENGLAND EYE INSTITUTE INC | ||
| M | $3,109,860 | BOOK VALUE |
| NEW ENGLAND EYE INSTITUTE INC | ||
| L | $893,000 | BOOK VALUE |
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