2023-05-11T12:54:19-05:00 2022-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2021-07-01 042105777 EASTERN NAZARENE COLLEGE EAST 6177453000 23 EAST ELM AVENUE QUINCY MA 02170 PATRICIA CONSTANTINO CONTROLLER 6177453000 2023-05-10 1 PATRICIA CONSTANTINO XXX-XX-XXXX CHRISTOPHER PELLAND P01257104 6174711120 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PATRICIA CONSTANTINO 23 EAST ELM AVENUE QUINCY MA 02170 35601271 0 X WWW.ENC.EDU X 1920 MA SEE SCHEDULE O. 22 22 576 0 0 0 9139975 7984149 20985612 19867384 285778 464997 399038 822097 30810403 29138627 8701023 7407044 0 0 10726756 10874094 0 0 981267 8869578 9561788 28297357 27842926 2513046 1295701 46397301 44505199 21622539 18451908 24774762 26053291 SEE SCHEDULE O. 0 0 18081994 7407044 19867384 COLLEGE GRANTS BACHELOR AND MASTER DEGREES TO QUALIFIED CANDIDATES UPON SATISFACTORY COMPLETION OF THEIR PROGRAM REQUIREMENTS. TO ACCOMPLISH THIS PURPOSE, THE COLLEGE ENROLLED 700 FULL AND PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS, WITH A MAJORITY OF THE TRADITIONAL UNDERGRADUATE LIVING IN CAMPUS HOUSING. THE COLLEGE OPERATES A BOOKSTORE AND CAFETERIA FOR THE PRIMARY USE OF THE STUDENTS, FACULTY, AND STAFF. THE COLLEGE OPERATES HOUSING FACILITIES FOR STUDENTS, FACULTY, AND STAFF TO MEET THE EXISTING NEEDS FOR SUCH FACILITIES. 18081994 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 576 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X PATRICIA CONSTANTINO CONTROLLER 6177453000 23 EAST ELM AVENUE QUINCY MA 02170 X DELMY ALAS-CRUZ TRUSTEE 0.60 X 0 0 0 BRUCE BARNARD TRUSTEE 0.60 X 0 0 0 DAVID BOWSER TRUSTEE 0.60 X 0 0 0 RYAN CALHOUN TRUSTEE 0.60 X 0 0 0 JACK CONNELL TRUSTEE 0.60 X 0 0 0 STEPHEN DILLMAN TRUSTEE 0.60 X 0 0 0 MELODY ECKARDT CHAIR 0.60 X X 0 0 0 DAN EDDINGS TRUSTEE 0.60 X 0 0 0 G WAYNE ELLIOTT JR TRUSTEE 0.60 X 0 0 0 PHIL FULLER TRUSTEE 0.60 X 0 0 0 JAMES HEYWARD TRUSTEE 0.60 X 0 0 0 DOUG KITCHEN SECRETARY 0.60 X X 0 0 0 OLIVIA METCALF TRUSTEE 0.60 X 0 0 0 STEPHEN PERRY TRUSTEE 0.60 X 0 0 0 MARK PRUGH VICE CHAIR 0.60 X X 0 0 0 KEN STANFORD TRUSTEE 0.60 X 0 0 0 MENDELL THOMPSON TRUSTEE 0.60 X 0 0 0 MARIKAE TOYE TRUSTEE 0.60 X 0 0 0 ROSS TUBO TRUSTEE 0.60 X 0 0 0 SAM VASSEL TRUSTEE 0.60 X 0 0 0 KERRY WILLIS TRUSTEE 0.60 X 0 0 0 STEPHEN WILSON TRUSTEE 0.60 X 0 0 0 SAMUEL CONNELL PRESIDENT 40.00 X 185582 0 5279 ROBERT MURPHY ASSISTANT PROFESSOR OF BUSINESS 40.00 X 118831 0 19493 IAN SLATER VP OF STUDENT LIFE 40.00 X 101817 0 17033 406230 0 41805 3 0 1 0 PIONEER COLLEGE CATERERS INC 96TH TERRACE SUITE 204-W LENEXA KS 66215 FOOD SERVICE 824652 SLINGSHOTTREE OF LIFE 1500 W WESTERN AVE MARION IN 46953 DATA SYSTEM SUPPORT 320088 SSC INC 25 CONTROLS DRIVE SHELDON CT 06484 SECURITY 260381 INFR-RED BLDG & POWER SERVICE PO BOX 243 AVON MA 02322 UTILITY/EXCAVATION SERVICES 187303 ENROLLMENT FUEL 144 W SECOND ST WASHING NC 27889 MARKERTING SUPPORT 159254 6 5048899 2935250 4669 7984149 TUITION AND FEES 900099 14027452 14027452 ROOM AND BOARD 900099 3509631 3509631 AUXILIARY ENTERPRISES 900099 2330301 2330301 19867384 237418 237418 333483 73804 259679 259679 259679 6576248 6348669 227579 227579 227579 14695 27679 -12984 -12984 26745 12492 14253 14253 MISCELLANEOUS REVENUE 900099 561149 561149 561149 29138627 19867384 0 1287094 7407044 7407044 8785514 6271550 2098705 415259 1499986 681812 783113 35061 588594 417992 143143 27459 9803 9803 79476 79476 60902 60902 2607783 1742504 863786 1493 1072711 594394 88354 389963 1295802 293457 916101 86244 112562 112562 1213034 174376 1038658 271107 201200 60219 9688 19150 7773 11377 544986 544986 1476919 1476919 232828 26747 206081 MISCELLANEOUS EXPENSES 361201 263145 81956 16100 SCHOLARSHIPS 136829 136829 BAD DEBTS 66695 66695 27842926 18081994 8779665 981267 3628056 3257630 925848 927350 74681 106103 4540273 4529552 318822 254366 38213 51296 351358 444225 52666395 37058859 15824144 15607536 20449304 19130322 246602 196819 46397301 44505199 2236323 1930253 387168 400403 762710 299258 14736338 14321994 1500000 1500000 2000000 0 21622539 18451908 X 5540343 7670387 19234419 18382904 24774762 26053291 46397301 44505199 1295701 -17172 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19431518 348060 2024940 1296146 38404 1369706 19100262 18753406 283820 4138524 1778174 74226 1891832 19431518 19545720 391740 1353341 1110114 132053 1295228 18753406 19548765 402755 1867319 1075117 39516 1158486 19545720 18046750 333724 3359146 1038554 39054 1113247 19548765 0.04490 0.70430 0.25080 0 0 704742 704742 11298211 9871141 1427070 17318229 9625620 7692609 22851977 17562098 5289879 493236 493236 15607536 REAL ESTATE HELD FOR INVESTMENT PURPOSES 14298582 F PUBLIC SECURITIES 1120246 F PRIVATELY HELD SECURITIES 4000 F MUTUAL FUNDS 3695757 F LIMITED PARTNERSHIP 11737 F 19130322 X 29060553 -17172 -17172 29077725 60902 60902 29138627 27782024 0 27782024 60902 60902 27842926 PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE LARGELY COMPRISED OF SCHOLARSHIP FUNDS. THE GOAL OF THE COLLEGE'S ENDOWMENT SPENDING AND DISTRIBUTION POLICY IS TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT AND PROVIDE PREDICTABLE SUPPORT OF THESE SCHOLARSHIPS, AS WELL AS OPERATIONS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" (MLTN) SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. ALTHOUGH THE COLLEGE IS EXEMPT FROM INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IT MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN CATALOGS, FINANCIAL AID AND REGISTRATION INFORMATION, MAILINGS, AND EMPLOYEE HANDBOOK. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES CERTAIN FINANCIAL ASSISTANCE FROM GOVERNMENT AGENCIES TO PROVIDE AID TO STUDENTS FOR TUITION, BOOKS, AND OTHER EDUCATIONAL EXPENSES. 1 VARIOUS INSTITUTIONAL SCHOLARSHIPS 577 7407044 FMV PART I, LINE 2: THE COLLEGE FIRST INSPECTS CHARGES TO ENSURE THAT THEY ARE APPROPRIATE AND ALLOWABLE. THIS INCLUDES CHECKING CLERICAL ACCURACY, REVIEWING BALANCES, AND CHECKING COMPLIANCE WTIH APPLICABLE AGENCY AND FEDERAL GUIDELINES. THE COLLEGE ALSO MAKES SURE THAT THE EXPENSE FALLS WITHIN THE REQUIRED CATEGORY AND BUDGETARY AMOUNT. THIS INCLUDES REVIEWING EXPENSE CATEGORIES, REBUDGETING OR TRANSFERRING EXPENSES AS NEEDED, AND DETERMINING IF THE AWARD WILL BE UNDERSPENT AT THE END OF THE BUDGET OR GRANT PERIOD. X X 0 0 0 0 0 0 0 0 0 SAMUEL CONNELL PRESIDENT 157003 0 0 0 28579 0 0 0 0 0 185582 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY REVENUE BONDS SERIES 2014 2014-07-16 23000000 DEBT REFINANCING AND CAPITAL PROJECTS 0 0 0 A 23000000 924096 300385 6803888 14971631 2015 1 0 1 1 A 0 0 0 1 0 0 0 0 0 A 1 FORM 990, PART I, LINE 1, ORGANIZATIONS MISSION EASTERN NAZARENE COLLEGE PROVIDES A TRANSFORMATIONAL EDUCATION THAT EQUIPS DIVERSE STUDENTS TO LEAD AND SERVE OUR WORLD AS AGENTS OF CHRIST'S LOVE AND TRUTH. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO REVIEW AND EXAMINE THE FORM 990 FOR ACCURACY. UPON APPROVAL BY THE CHAIRMAN OF THE BOARD AND THE FINANCE COMMITTEE CHAIRMAN, THIS FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE COLLEGE'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A DELEGATED COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR DELIBERATING AND DECIDING ON AN APPROPRIATE COMPENSATION FOR THE PRESIDENT, VICE-PRESIDENTS, AND OTHER KEY EMPLOYEES. THIS COMMITTEE CONSISTS OF IMPARTIAL DECISION MAKERS; UTILIZES COMPARABILITY DATE; AND DOCUMENTS ALL DECISIONS AND DELIBERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE COLLEGE'S FINANCIAL STATEMENTS ARE REQUIRED TO BE ATTACHED TO THE COLLEGE'S STATE INFORMATIONAL RETURN (I.E. MASSACHUSETTS FORM PC) ON AN ANNUAL BASIS. BOTH THE COLLEGE'S STATE INFORMATIONAL RETURN AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMITTEE ASSUMES OVERSIGHT OF THE AUDIT OF THE COLLEGE'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.