2023-05-15T08:29:50-05:00 2022-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2021-07-01 042105769 EMMANUEL COLLEGE EMMA 6177359822 400 THE FENWAY BOSTON MA 02115 DR MARY K BOYD PRESIDENT 6177359822 2023-05-13 1 DR MARY K BOYD 999009999 SMITA BALIGA P01643271 6179881000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR MARY K BOYD 400 THE FENWAY BOSTON MA 02115 164311596 0 0928 X WWW.EMMANUEL.EDU X 1919 MA EMMANUEL COLLEGE IS A COED, RESIDENTIAL CATHOLIC LIBERAL ARTS AND SCIENCES COLLEGE WITH OVER 1,950 UNDERGRADUATE AND GRADUATE STUDENTS. 29 27 1322 50 0 0 9088352 11546432 79562547 95439023 24342748 11606350 4194662 5125395 117188309 123717200 39889698 44334944 0 0 28923704 35420496 89938 178263 1522441 32443959 39343611 101347299 119277314 15841010 4439886 475098162 444208204 295629503 290274931 179468659 153933273 X TO EDUCATE STUDENTS IN A DYNAMIC LEARNING COMMUNITY ROOTED IN THE LIBERAL ARTS AND SCIENCES AND SHAPED BY STRONG ETHICAL VALUES, A COMMITMENT TO SOCIAL JUSTICE AND SERVICE, THE CATHOLIC INTELLECTUAL TRADITION AND THE GLOBAL MISSION OF THE SISTERS OF NOTRE DAME DE NAMUR. 0 0 67675685 44334944 74683705 INSTRUCTIONAL EXPENSES FOR OVER 1,950 STUDENTS INCLUDING SCHOLARSHIPS, FULL-TIME AND PART-TIME FACULTY SALARIES AND BENEFITS, LAB SUPPLIES, EDUCATIONAL REFERENCE MATERIALS, SPEAKERS AND STUDENT EMPLOYMENT. 21171754 ACADEMIC SUPPORT AND STUDENT SERVICES FOR OVER 1,950 STUDENTS INCLUDING EXPENSES FOR ACADEMIC ADVISING, ACADEMIC RESOURCE CENTER, DISABILITY SERVICES, INTERNSHIPS AND CAREER SERVICES, STUDENT ACTIVITIES, STUDENT CLUBS, COUNSELING, HEALTH SERVICES, CAMPUS MINISTRY, ATHLETICS AND OPERATION OF THE COLLEGE'S LIBRARY CONTAINING OVER 271,736 TITLES IN THE ELECTRONIC, CIRCULATING AND REFERENCE COLLECTIONS; MORE THAN 189,262 ACTIVE JOURNAL SUBSCRIPTIONS IN PRINTING AND 61,249 PRINT VOLUMES. 9845513 20755317 DURING THE FALL SEMESTER, APPROXIMATELY 1,260 STUDENTS RESIDED ON-CAMPUS. DURING THE SPRING SEMESTER, APPROXIMATELY 1,200 STUDENTS RESIDED ON-CAMPUS. 98692952 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 102 0 1 1322 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X SISTER ANNE M DONOVAN SND 6177359822 400 THE FENWAY BOSTON MA 021155725 SISTER JANET EISNER SND PRESIDENT 40.00 X X 0 0 12046 SISTER ANNE MARY DONOVAN SND VP OF FINANCE/TREASURER (CFO) 40.00 X X 0 0 11573 MARGARET L MCKENNA CHAIR 2.00 X X 0 0 0 THOMAS J HYNES JR VICE CHAIR 2.00 X X 0 0 0 CHRISTOPHER BORGES TRUSTEE 1.00 X 0 0 0 JOHN F BURKE TRUSTEE 1.00 X 0 0 0 JACK CONNORS JR TRUSTEE 1.00 X 0 0 0 SISTER MARIA DELANEY SND TRUSTEE 1.00 X 0 0 0 JAMES L ELCOCK TRUSTEE 1.00 X 0 0 0 DR ELAINE EL-KHAWAS TRUSTEE 1.00 X 0 0 0 SISTER MARY M FARREN SND TRUSTEE 1.00 X 0 0 0 SISTER KATHLEEN GALLIVAN SND TRUSTEE 1.00 X 0 0 0 MARY HERLIHY-GEARAN TRUSTEE 1.00 X 0 0 0 DR SHEILAH SHAW HORTON TRUSTEE 1.00 X 0 0 0 DR NANCY KLENIEWSKI TRUSTEE 1.00 X 0 0 0 JOHN H MACKINNON TRUSTEE 1.00 X 0 0 0 LESLIE F MCCAFFERTY TRUSTEE 1.00 X 0 0 0 KEITH METTERS TRUSTEE 1.00 X 0 0 0 JOANNE DIGERONIMO MIGLAIARO TRUSTEE 1.00 X 0 0 0 ROBERT F MUSE TRUSTEE 1.00 X 0 0 0 ALEXANDRA OLIVER-DAVILA TRUSTEE 1.00 X 0 0 0 MARY JO SKAYHAN ROGERS TRUSTEE 1.00 X 0 0 0 M ANDREA RYAN TRUSTEE 1.00 X 0 0 0 MARIAN RYAN TRUSTEE 1.00 X 0 0 0 RICHARD SYRON TRUSTEE 1.00 X 0 0 0 WILLIAM COLLATOS TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY JR TRUSTEE 1.00 X 0 0 0 THERESA HARRISON TRUSTEE 1.00 X 0 0 0 CANDACE RACE TRUSTEE 1.00 X 0 0 0 JOSEF KURTZ VP OF ACADEMIC AFFAIRS 40.00 X 212590 0 22935 SANDRA ROBBINS DEAN OF ENROLLMENT 40.00 X 187569 0 17394 SEAN P PHILPOTT VP OF INFO RESOURCE & PLAN 40.00 X 177065 0 20167 PATRICIA TOWER ASSOCIATE TREASURER 40.00 X 186462 0 8962 KRISTEN M CONROY VP OF ALUMNI RELATIONS 40.00 X 165421 0 16821 929107 0 109898 45 0 1 0 HARVARD MAINTENANCE LLC 59 MAIDEN LANE NEW YORK NY 10038 CLEANING SERVICES 1506731 CLINICAL RESEARCH SEQ PLATFORM 415 MAIN STREET CAMBRIDGE MA 021421401 COVID TESTING 1481912 PUTNAM INVESTMENTS 20 WILLIAM STREET SUITE G40 WELLESLEY MA 02481 INVESTMENT MANAGEMENT SERVICES 757374 SISTERS OF NOTRE DAME 351 BROADWAY EVERETT MA 02149 ADMIN & INSTRUCTION 732019 EAB PO BOX 603519 CHARLOTTE NC 282603519 MARKET RESEARCH 327369 14 3123440 8422992 675128 11546432 TUITION AND FEES 611710 74683705 74683705 AUXILIARY OPERATIONS 611710 20167013 20167013 SUMMER PROGRAMS 611710 588305 588305 95439023 3380470 3380470 5359070 1446365 3912705 3912705 3912705 47373911 39148031 8225880 8225880 8225880 STAFF & STUDENT PARKING 900099 339423 339423 VENDING COMMISSIONS 900099 91877 91877 FEES FOR ALUMNI EVENTS 900099 74314 74314 707076 707076 1212690 123717200 95439023 0 16731745 185550 185550 44149394 44149394 22157 22157 27628635 21249291 5627887 751457 1794117 1378757 366602 48758 4137474 3179597 845434 112443 1838113 1412567 375592 49954 941020 82894 858126 205718 205718 195000 195000 540 540 178263 178263 760780 760780 321976 167631 154345 2104419 1392068 629858 82493 1243175 1053498 189677 2686490 2665822 20668 238434 217364 7870 13200 38054 37430 277 347 7431264 7431264 9349329 9349329 788276 766336 21940 CATERING & FOOD COSTS 6073187 5937183 46939 89065 MAINTENANCE & REPAIRS 3135419 2904603 111253 119563 PROGRAMS 1279658 628560 604449 46649 ALL OTHER EXPENSES 1060674 444880 585545 30249 1490198 1490198 119277314 98692952 19061921 1522441 5757247 4422417 1084762 3500770 210471 481548 881629 2779713 376641186 105794303 278061507 270846883 187652794 160956937 1449752 1219936 475098162 444208204 6676659 7083548 93667940 92552181 150360499 149637378 44924405 41001824 295629503 290274931 X 129855707 105270187 49612952 48663086 179468659 153933273 475098162 444208204 4439886 -29975272 0 X 0 1 X 1 1 1 X 5223792 10522105 11463056 9088352 11546431 47843736 5223792 10522105 11463056 9088352 11546431 47843736 6565472 41278264 4132460 8257596 8271012 7978551 8739540 37379159 725128 1007351 1073005 385377 1212690 4403551 89626446 459769613 0.46060 0.42790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STAFF STUDENT PARKING - 2017 AMOUNT: $ 264,912. 2018 AMOUNT: $ 301,590. 2019 AMOUNT: $ 225,007. 2020 AMOUNT: $ 7,479. 2021 AMOUNT: $ 339,423. VENDING COMMISSIONS - 2017 AMOUNT: $ 72,345. 2018 AMOUNT: $ 120,522. 2019 AMOUNT: $ 112,247. 2020 AMOUNT: $ 64,298. 2021 AMOUNT: $ 91,877. FEES FOR ALUMNI EVENTS - 2018 AMOUNT: $ 125,531. 2019 AMOUNT: $ 21,231. 2021 AMOUNT: $ 74,314. ALL OTHER REVENUE - 2017 AMOUNT: $ 387,871. 2018 AMOUNT: $ 459,708. 2019 AMOUNT: $ 714,520. 2020 AMOUNT: $ 313,600. 2021 AMOUNT: $ 707,076. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 540 540 0 PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. 249502 X 0 187652794 1981898 -18368922 2207049 7341005 760779 160956937 159077403 1340493 39051848 1163601 9975000 678349 187652794 151724650 5307813 9739931 1295747 5797544 601700 159077403 137309933 7632357 11731798 1326172 3068605 554661 151724650 136562851 2280684 10217277 1454598 9744259 552022 137309933 0.75350 0.18380 0.06280 0 0 14136633 14136633 338017196 90860016 247157180 8718470 5870376 2848094 15768887 9063911 6704976 270846883 ANNUITIES PAYABLE 21919 ADVANCES FROM DEPARTMENT OF EDUCATION 1714905 TAXABLE BOND LIABILITIES 39265000 41001824 X 94427513 -29975272 1446365 -28528907 122956420 760780 760780 123717200 119962899 1446365 1446365 118516534 760780 760780 119277314 PART III, LINE 4: THE COLLEGE'S ART COLLECTION IS ON PUBLIC EXHIBITION IN HALLWAYS AND LOBBIES. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 118 DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. SPENDING FROM ENDOWMENTS IS DONOR RESTRICTED TO VARIOUS PURPOSES SUCH AS PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS AND TO FUND PROFESSORSHIPS. THE SPENDING POLICY UTILIZES AN ANNUAL DISTRIBUTION PERCENTAGE APPROVED BY THE BOARD OF TRUSTEES AND IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENT'S REAL VALUE. PART X, LINE 2: THE COLLEGE GENERALLY IS NOT SUBJECT TO INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE MORE-LIKELY THAN-NOT THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS, DEFINED BY THE STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE COMMONWEALTH OF MASSACHUSETTS. AS OF JUNE 30, 2022, OPEN FEDERAL AND MASSACHUSETTS TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2017, THROUGH JUNE 30, 2019. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,446,365. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,446,365. PART V, LINE 2 THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2022 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TERM ENDOWMENT, RESPECTIVELY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A LINK TO THE COLLEGE'S RACIAL NONDISCRIMINATORY POLICY IS PUBLISHED ON THE COLLEGE'S WEBSITE. THE COLLEGE HAS ALSO PUBLICIZED IT'S NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER THE BOSTON GLOBE. ADDITIONALLY, THE POLICY IS INCLUDED IN ALL STUDENT ENROLLMENT MATERIALS. THE COLLEGE HAS DEMONSTRATED THAT IT FOLLOWS ITS NONDISCRIMINATION POLICY BY CONTINUOUSLY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AND ACCORDINGLY, THE COLLEGE MEETS THE REQUIREMENTS OF REV. PROC. 75-50 (SEE SECTION 4.03(2)(B)). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION - TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS. NORTH AMERICA INVESTMENTS 478240 EAST ASIA AND THE PACIFIC INVESTMENTS 10902475 EUROPE INVESTMENTS 23030223 0 0 0 0 0 0 34410938 0 34410938 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 0 JENNIFER L RAMIREZ 1843 S LEYDEN ST DENVER CO 80224 PROFILE RESEARCH 0 0 225 -225 L B STRATEGIES CORP 4 CEDAR VALLEY WAY LITTLE COMPTON RI 02837 FUNDRAISING SERVICE 0 0 160000 -160000 MJH GRANT CONSULTING 505 WALTHAM STREET 6 WEST NEWTON MA 02465 GRANT PROPOSAL PREPARATION 0 0 18038 -18038 178263 -178263 1 CITY OF BOSTON PO BOX 9715 BOSTON MA 02114 GOV ENTITY 0 140000 PILOT INNER CITY SCHOLARSHIP FUND 67 BATTERYMARCH STREET 6TH FLOOR BOSTON MA 02110 222485502 501(C)(3) 0 25000 INNER CITY SCHOLARSHIP 2 INSTITUTIONAL SCHOLARSHIPS AND AID 1857 41128584 SEOG GRANTS 208 307409 GILBERT GRANTS 308 598300 CARES ACT EMERGENCY STUDENT GRANTS 2115101 PART I, LINE 2: ALL GRANTS OR OTHER ASSISTANCE TO DOMESTIC ORGANIZATIONS OR DOMESTIC GOVERNMENTS ARE AUTHORIZED AND INITIATED BY THE PRESIDENT'S OFFICE WITH STRICT CONTROLS OVER THE SELECTION AND DISTRIBUTION OF THE FUNDS. ALL SUCH GRANTS WERE MADE TO 501(C)(3) ORGANIZATIONS OR DOMESTIC GOVERNMENTAL ENTITIES. FINANCIAL AID IS AWARDED TO STUDENTS IN THE FORM OF MERIT-BASED SCHOLARSHIPS, NEED-BASED GRANTS, WORK-STUDY AND STUDENT LOANS. ELIGIBILITY FOR FINANCIAL AID VARIES BASED ON THE CRITERIA OF EACH AWARD. MERIT SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC ACHIEVEMENT SUCH AS HIGH SCHOOL GRADE POINT AVERAGE, SAT OR ACT SCORE AND CLASS RANK, AND/OR EXTRA-CURRICULAR ACTIVITIES AND RECOMMENDATIONS. NEED-BASED GRANTS ARE OFFERED TO STUDENTS WHO COMPLETE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND WHO, BASED ON THIS INFORMATION, MEET THE ELIGIBILITY REQUIREMENTS FOR THE NEED-BASED AID. ALL STUDENTS WHO ARE SELECTED FOR VERIFICATION BY THE CENTRAL PROCESSING SYSTEM (CPS) MUST ALSO SUBMIT VERIFICATION OF THE INFORMATION PROVIDED ON THE FAFSA. NEED-BASED GRANTS AND SCHOLARSHIPS INCLUDE THE FEDERAL PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG), STATE GRANTS AND SCHOLARSHIPS, AND EMMANUEL COLLEGE GRANT AID. IN ADDITION TO NEED-BASED GRANTS AND SCHOLARSHIPS, STUDENTS WHO APPLY FOR FINANCIAL AID AND DEMONSTRATE FINANCIAL NEED MAY ALSO RECEIVE FEDERAL WORK STUDY AND NEED-BASED FEDERAL AND STATE STUDENT LOANS. THE LOAN PROGRAMS OFFERED BY EMMANUEL COLLEGE ARE THE FEDERAL STAFFORD LOAN, THE FEDERAL PERKINS LOAN AND THE MASSACHUSETTS NO-INTEREST LOAN. PRIOR TO DISBURSING ANY FINANCIAL ASSISTANCE, STUDENT ELIGIBILITY FOR EACH GRANT, SCHOLARSHIP, WORK-PROGRAM OR STUDENT LOAN IS CERTIFIED. TO RECEIVE NEED-BASED FINANCIAL AID STUDENTS MUST APPLY FOR FINANCIAL AID EACH ACADEMIC YEAR. PART III CARES ACT EMERGENCY STUDENT GRANTS AS A RESULT OF THE COVID-19 PANDEMIC, THE COLLEGE RECEIVED INSTITUTIONAL AID TOTALING $4,037,195 FROM THE U.S. GOVERNMENT, DURING THE YEAR ENDED JUNE 30, 2021. THE FEDERAL GRANT WAS PROVIDED THROUGH THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF). OF THESE GRANTS FROM JUNE 30,2021 THERE WERE DEFERRED GRANTS OF $2,972,802 FOR USE DURING SUBSEQUENT FISCAL YEARS. THE COLLEGE DISTRIBUTED $2,115,101 DURING THE YEAR ENDED JUNE 30, 2022. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOSEF KURTZ VP OF ACADEMIC AFFAIRS 212274 0 0 0 316 0 9263 0 13672 0 235525 0 0 0 SANDRA ROBBINS DEAN OF ENROLLMENT 186418 0 0 0 1151 0 8024 0 9370 0 204963 0 0 0 SEAN P PHILPOTT VP OF INFO RESOURCE & PLAN 175742 0 0 0 1323 0 7713 0 12454 0 197232 0 0 0 PATRICIA TOWER ASSOCIATE TREASURER 184369 0 0 0 2093 0 7611 0 1351 0 195424 0 0 0 KRISTEN M CONROY VP OF ALUMNI RELATIONS 164784 0 0 0 637 0 7149 0 9672 0 182242 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES OFF CAMPUS HOUSING TO CERTAIN SISTERS OF NOTRE DAME. THIS IS A NONTAXABLE BENEFIT AS IT IS PROVIDED AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE AND IS IN CLOSE PROXIMITY TO THE CAMPUS. A MA DEVELOPMENT FINANCE AGENCY SERIES 2016A 043431814 57584XPZ8 2016-06-16 155914176 0 0 0 A 156813495 5977849 1430805 73594867 75809974 0 1 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART II, LINE 3 - BOND PROCEEDS THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE IS INTEREST EARNED OF $899,319. PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED ON JUNE 30, 2018. X 13 675128 FMV 0 1 0 PART I, COLUMN B THE NUMBER REPORTED IN PART I, COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY THE FINANCE OFFICE OF THE COLLEGE. IT IS REVIEWED AND APPROVED BY SENIOR MANAGEMENT AND KPMG, INDEPENDENT TAX CONSULTANT. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED TO OFFICERS, TRUSTEES, AND KEY EMPLOYEES WHO MUST READ THE POLICY, SIGN ACKNOWLEDGEMENT OF RECEIPT AND DISCLOSE ANY CONFLICTS OF INTEREST. EMPLOYEES RETURN THIS ACKNOWLEDGEMENT TO THE OFFICE OF HUMAN RESOURCES; TRUSTEES RETURN THIS ACKNOWLEDGEMENT TO THE PRESIDENT'S OFFICE FOR REVIEW. ANY CONFLICTS OF INTEREST ARE REPORTED TO THE EXECUTIVE VICE PRESIDENT TO DETERMINE IF DISCLOSURE IS REQUIRED ON THE FORM 990 AND SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE COLLEGE, IN CONSULTATION WITH THE CHAIR OF THE BOARD OF TRUSTEES, REVIEWS COMPENSATION OF SENIOR MANAGEMENT, OFFICERS AND KEY EMPLOYEES. EXECUTIVE COMPENSATION AT EMMANUEL COLLEGE IS ESTABLISHED BY IDENTIFYING INDEPENDENT MARKET COMPARABILITY INFORMATION BASED ON STUDENT ENROLLMENT, OPERATING BUDGET, CARNEGIE CLASSIFICATION, AND GEOGRAPHIC REGIONS. DATA IS COLLECTED ON SALARY, VARIABLE PAY, TOTAL COMPENSATION, SUPPLEMENTAL RETIREMENT PLANS, AND VARIOUS BENEFITS. SOURCES OF INFORMATION INCLUDE INDEPENDENT SURVEYS CONDUCTED BY THIRD PARTY CONSULTANTS, INTERNAL AND EXTERNAL BENCHMARKING, WHITE PAPERS, ARTICLES, AND WEBINARS. FOR THE RECRUITMENT OF PROSPECTIVE EXECUTIVE POSITIONS, THE COLLEGE WORKS WITH SEVERAL INDEPENDENT PROFESSIONAL EXECUTIVE SEARCH FIRMS. THE COLLEGE AND THE SELECTED FIRM WORK TOGETHER TO OBTAIN COMPARATIVE MARKET DATA AND AVAILABLE SALARY SURVEY TO DETERMINE APPROPRIATE COMPENSATION. ALL DOCUMENTATION, INCLUDING APPROPRIATE APPROVALS, REGARDING COMPENSATION IS MAINTAINED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE COLLEGE'S FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.