2023-05-05T08:43:36-05:00 2022-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2021-07-01 010271210 Husson University HUSS 2079417000 One College Circle Bangor ME 04401 R Thomas Welch VP Finance & Admin, Treasurer 2079417000 2023-05-03 1 R Thomas Welch 999009999 Joseph R Byrne P01289281 2077752387 2023-05-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Robert Clark One College Circle Bangor ME 04401 86536486 0 X www.husson.edu X 1898 ME Educational Institution 32 30 1351 31 145490 0 11686114 14091127 67581906 68966465 718685 2943259 371594 527983 80358299 86528834 19726313 22690815 0 0 35553134 37111975 0 0 1275931 18318623 22043355 73598070 81846145 6760229 4682689 155415813 150282751 50049170 45381773 105366643 104900978 X 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. 0 0 64455763 22690815 57032123 For more than 120 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. 9012013 11934342 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 O. Services 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. 73467776 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 186 0 1 1351 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X R Thomas Welch 2079417000 One College Circle Bangor ME 04401 John M Rohman Chair 8.00 0.00 X X 0 0 0 Daniel R Hutchins Vice Chair 8.00 0.00 X X 0 0 0 Albert W Allen Trustee 4.00 0.00 X 0 0 0 Earl C Black Trustee 4.00 0.00 X 0 0 0 John P Boucher Trustee 4.00 0.00 X 0 0 0 Brock R Bradford Trustee 4.00 0.00 X 0 0 0 Susan A Carlisle Trustee 4.00 0.00 X 0 0 0 Daniel B Coffey Trustee 4.00 0.00 X 0 0 0 Joseph H Cyr Trustee 4.00 0.00 X 0 0 0 Edward O Darling Trustee 4.00 0.00 X 0 0 0 Kris A Doody Trustee 4.00 0.00 X 0 0 0 Jaclyn Fish Trustee 4.00 0.00 X 0 0 0 Arthur D Fuller Trustee 4.00 0.00 X 0 0 0 Ross Y Furman Trustee 4.00 0.00 X 0 0 0 Philip E Harriman Trustee 4.00 0.00 X 0 0 0 Kenneth A Hews Trustee 4.00 0.00 X 0 0 0 Kelli L Theriault Hutchins Trustee 4.00 0.00 X 0 0 0 Deborah Carey Johnson Trustee 4.00 0.00 X 0 0 0 Michael Kamorski EdD Faculty Trustee 40.00 0.00 X 71377 0 5497 Bradley Libby Trustee 4.00 0.00 X 0 0 0 Mary Prybylo Trustee 4.00 0.00 X 0 0 0 Dr Ruth B Purtilo Trustee 4.00 0.00 X 0 0 0 Robert J Ronan Trustee 4.00 0.00 X 0 0 0 W Tom Sawyer Jr Trustee 4.00 0.00 X 0 0 0 Dr Irving Schneider Trustee 4.00 0.00 X 0 0 0 Will Taylor Trustee 4.00 0.00 X 0 0 0 Richard C Trott Jr Trustee 4.00 0.00 X 0 0 0 Randy L Wadleigh Trustee 4.00 0.00 X 0 0 0 Betsy M Webb Trustee 4.00 0.00 X 0 0 0 Ryan Wheelock Student Trustee 4.00 0.00 X 0 0 0 Tracey L Whitten Trustee 4.00 0.00 X 0 0 0 Michael E Williamson Trustee 4.00 0.00 X 0 0 0 R Thomas Welch VP Fin. & Admin/Treasurer 40.00 0.00 X 0 0 0 Dr Robert A Clark President 40.00 0.00 X 342241 0 130267 Craig Hadley Past VP Fin. & Admin/Treasurer 40.00 0.00 X 185826 0 30174 Lynne Coy-Ogan Provost 40.00 0.00 X 193602 0 13366 Tao Zhang Associate Professor 40.00 0.00 X 130661 0 25960 Thomas H Warren Associate VP for Aux. Services 40.00 0.00 X 141940 0 8478 William J Lindblad Professor of Pharmocology 40.00 0.00 X 153064 0 21217 Sarah C Robinson VP of Advancement 40.00 0.00 X 156112 0 37511 Marie E Hankinson Dean College of Business & Nescom 40.00 0.00 X 172063 0 20609 1546886 0 293079 29 0 1 0 Sheridan Corporation PO Box 359 Fairfield ME 04937 Construction Services 4704546 Education Dynamics LLC PO Box 780276 Philadelphia PA 191780276 Admin & Marketing 1587404 Decibel Media LLC 10 City Square Boston MA 02129 Advertising 697395 Cyr Bus Line PO Box 368 Old Town ME 04468 Transportation 351020 Wiley Edu LLC 1415 West 22nd Sreet Suite 8 Oak Brook IL 60523 Educational Services 267766 26 8801248 5289879 186614 14091127 Tuition and Fees 611710 57032123 57032123 Auxiliary Services 611710 11784482 11773660 10822 Summer and Sports Camps 721000 149860 72808 77052 68966465 181132 181132 60160 2544 57616 57616 57616 2762127 0 2762127 2762127 2762127 23000 5108 17892 17892 Misc Student Revenue 900099 149796 149796 Bookstore Commission 611710 146641 146641 Other Revenue 711130 82304 82304 73734 73734 452475 86528834 68878591 145490 3413626 22690815 22690815 972351 76875 895476 29000345 26466740 1802916 730689 1101424 936107 133589 31728 4043411 3696280 260033 87098 1994444 1716482 231598 46364 100394 100394 65130 65130 29235 29235 6964927 4751993 2095983 116951 1432759 1167674 148392 116693 1673845 1599407 53757 20681 1311822 1210421 32043 69358 97476 71564 23792 2120 763624 753065 9879 680 5873375 5533172 304431 35772 321242 321242 Materials & Supplies 2929677 2766841 145039 17797 Miscellaneous Expense 479849 30340 449509 81846145 73467776 7102438 1275931 477843 2497488 31283674 21955141 6924295 6713597 1113625 1107531 21635 19135 51505 89153 554386 727801 144104572 63274145 80293012 80830427 33905874 35384593 647964 496438 142000 461447 155415813 150282751 8060668 6321553 3223369 3529510 18690762 17939688 11417358 10438806 5965000 6034970 2692013 1117246 50049170 45381773 X 63254579 77431691 42112064 27469287 105366643 104900978 155415813 150282751 X 4682689 -7149385 2001031 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26168158 1706028 -2840826 797165 24236195 20248617 1259655 5406561 746675 26168158 20037947 464610 412680 666620 20248617 18551272 535196 1510243 558764 20037947 17259547 328752 1472017 509044 18551272 0.00000 0.67420 0.32580 1 0 1238767 1238767 102882418 37433403 65449015 22305098 15039626 7265472 17678289 10801116 6877173 80830427 Asset Retirement Obligation 240660 Capital Lease Obligation 505010 Charitable Gift Annuities Payable 230261 Deferred Compensation Liability 141315 1117246 X 58688088 -7149385 20006 2008683 -5120696 63808784 29235 22690815 22720050 86528834 59153753 20006 7652 27658 59126095 29235 22690815 22720050 81846145 Part V, Line 4: Endowment funds are held in perpetuity and the income is to be spent based on the donors 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 consolidated financial statements. The University is subject to U.S. federal and state examinations by tax authorities for the years ended June 30, 2019 to June 30, 2022. Part XI, Line 2d - Other Adjustments: Rental Expenses 2,544. Change in Value of Split Interest Agreements 15,900. Change in Value of Interest Rate Swap 1,985,131. Fundraising Expenses 5,108. Part XI, Line 4b - Other Adjustments: Scholarships/Aid 22,690,815. Part XII, Line 2d - Other Adjustments: Rental Expenses 2,544. Fundraising Expenses 5,108. Part XII, Line 4b - Other Adjustments: Scholarships/Aid 22,690,815. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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 recieves various government grants. Among them are: SEOG Grants College Work Study Grants COVID-19 Higher Education Emergency Relief Fund Golf Tournament 23000 23000 3200 1532 376 23000 23000 3200 1532 376 5108 17892 1 Financial Aid 2288 22690815 FMV of Tuition Scholarship Aid Part I, Line 2: The university grants scholarships to eligible students and maintains records as to their eligibility and qualifications. X 0 1 X X X X 0 1 0 0 0 0 0 0 0 Dr Robert A Clark President 338050 0 0 0 4191 0 92400 0 37867 0 472508 0 0 0 Craig Hadley Past VP Fin. & Admin/Treasurer 183015 0 0 0 2811 0 11042 0 19132 0 216000 0 0 0 Lynne Coy-Ogan Provost 191857 0 0 0 1745 0 11616 0 1750 0 206968 0 0 0 Sarah C Robinson VP of Advancement 154640 0 0 0 1472 0 10031 0 27480 0 193623 0 0 0 Marie E Hankinson Dean College of Business & Nescom 171521 0 0 0 542 0 10527 0 10082 0 192672 0 0 0 William J Lindblad Professor of Pharmocology 150856 0 0 0 2208 0 9287 0 11930 0 174281 0 0 0 Tao Zhang Associate Professor 130501 0 0 0 160 0 6369 0 19591 0 156621 0 0 0 Thomas H Warren Associate VP for Aux. Services 141296 0 0 0 644 0 8478 0 0 0 150418 0 0 0 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. The 2021 contribution was $75,000. A Finance Authority of Maine 010392006 2016-06-27 4200000 Dormitory Renovations/Turf Field Replacement: 1 College Circle, Bangor, ME 0 0 0 B Finance Authority of Maine 010392006 2017-02-14 10300000 Townhouse Building and Dormitory Renovations 0 0 0 C Finance Authority of Maine 010392006 2019-05-15 4000000 Wellness Learning Center 0 0 0 D Maine Health & Higher Education Facilities 010314384 2020-06-30 1914227 REFI MHHEFA Series 2010B 0 0 1 A 937409 4200000 25448 4174552 2016 0 0 1 1 B 1107346 10300000 88242 10211758 2017 0 0 1 1 C 246939 4000000 77781 3922219 2019 0 0 1 1 D 182845 1914227 213950 33172 1667105 2020 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 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 1 A 1 B 1 C 1 D 1 Schedule K Supplental Information 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. Joseph H Cyr Entity more than 35% controlled by Joseph H. Cyr, Board Trustee 351020 Independent Contractor Arrangement 0 X 5 177455 Fair Market Value X 1 159 Purchase Price X 2 Pianos 1 8500 Fair Market Value X Golf Clubs 1 500 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Audit 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 XI, line 9: Change in Value of Split Interest Agreements 15,900. Change in Value of Interest Rate Swap 1,985,131.