2023-05-15T14:28:33-05:00 2022-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2021-07-01 042271070 BOSTON ARCHITECTURAL COLLEGE BOST 6172625000 320 NEWBURY STREET BOSTON MA 02115 DR MAHESH DAAS PRESIDENT 6172625000 2023-05-15 1 DR MAHESH DAAS XXX-XX-XXXX DAVID A DIIULIS P00303577 6174711120 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MAHESH DAAS 320 NEWBURY STREET BOSTON MA 02115 21172605 0 X WWW.THE-BAC.EDU X 1889 MA FOUNDED 131 YEARS AGO, THE BOSTON ARCHITECTURAL COLLEGE IS A RECOGNIZED INSTITUTION PROVIDING EXCELLENCE IN PRACTICE-INTEGRATED DESIGN EDUCATION TO MEMBERS OF DIVERSE COMMUNITIES WITH STUDENTS REPRESENTING 35 COUNTRIES. THE BAC OFFERS ON-SITE AND ONLINE BACHELORS AND GRADUATE DEGREES IN ARCHITECTURE, INTERIOR ARCHITECTURE, LANDSCAPE ARCHITECTURE, DESIGN STUDIES, AND CONTINUING EDUCATION. IN 2005, THE BAC BECAME THE FIRST INSTITUTION IN THE U.S. TO OFFER AN ACCREDITED ONLINE DEGREE IN ARCHITECTURE. RANKED #1 FOR BEST GRADUATE SCHOOL FOR EARNING POTENTIAL AND #4 FOR BEST ARCHITECTURE SCHOOL OFFERING BACHELOR'S DEGREES IN THE U.S. IN 2020 BY GRADREPORTS, THE BAC UPHOLDS THE IMPORTANCE OF INCLUSIVE ADMISSION, DIVERSITY, INNOVATION, DEDICATED FACULTY, AND THE INTRINSIC VALUE OF BOTH ACADEMIC AND EXPERIENTIAL EDUCATION. 22 22 532 0 0 0 2936058 2248124 17960974 18188330 199367 736151 26355 0 21122754 21172605 1489570 1492620 0 0 11479390 11981554 0 0 241426 5779683 6883021 18748643 20357195 2374111 815410 43735977 41256507 20683897 19829803 23052080 21426704 THE BAC IS COMMITTED TO PROVIDE EXCELLENCE IN DESIGN EDUCATION GROUNDED IN PRACTICE AND ACCESSIBLE TO DIVERSE COMMUNITIES. 0 0 11801178 1492620 18188330 THE BOSTON ARCHITECTURAL COLLEGE PROVIDES EXCELLENCE IN DESIGN EDUCATION EMERGING FROM PRACTICE AND ACCESSIBILITY TO DIVERSE COMMUNITIES. THE BAC FALL 2022 ENROLLMENT FOR DEGREE AND CONTINUING EDUCATION PROGRAMS WAS 584 STUDENTS. 11801178 1 1 0 0 0 0 0 1 0 1 1 0 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 58 0 1 532 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 X SYDNEY LEO VP FOR FINANCE & ADMIN 6172625000 320 NEWBURY STREET BOSTON MA 02115 JUDITH NITSCH CHAIR 1.00 X X 0 0 0 MARILYN SWARTZ-LLOYD VICE CHAIR 1.00 X X 0 0 0 RODGER BROWN SECRETARY 1.00 X X 0 0 0 CHAD DAGRACA TREASURER 1.00 X X 0 0 0 JAMES BARRETT TRUSTEE 1.00 X 0 0 0 KEVIN COSTELLO TRUSTEE 1.00 X 0 0 0 VALERIE FLETCHER TRUSTEE 1.00 X 0 0 0 JONATHAN C GARLAND TRUSTEE 1.00 X 0 0 0 SHAUNA GILLIES-SMITH TRUSTEE 1.00 X 0 0 0 LEE MICHAEL KENNEDY TRUSTEE 1.00 X 0 0 0 KATIA LUCIC TRUSTEE 1.00 X 0 0 0 NANCY LUDWIG TRUSTEE 1.00 X 0 0 0 DAVID MANFREDI TRUSTEE 1.00 X 0 0 0 RICHARD MARTINI BARCH '84 TRUSTEE 1.00 X 0 0 0 CATHERINE OFFENBERG TRUSTEE 1.00 X 0 0 0 SRINIVAS REDDY TRUSTEE 1.00 X 0 0 0 RICHARD J SNYDER ESQ TRUSTEE 1.00 X 0 0 0 KEVIN SULLIVAN TRUSTEE 1.00 X 0 0 0 KISHORE VARANASI TRUSTEE 1.00 X 0 0 0 MARK WALSH-COOKE TRUSTEE 1.00 X 0 0 0 CHERYL WATERHOUSE TRUSTEE 1.00 X 0 0 0 ELIZABETH MINNIS TRUSTEE 1.00 X 0 0 0 MAHESH DAAS PRESIDENT 40.00 X 450806 0 50066 SYDNEY LEO VP OF FINANCE & ADMINISTRATION 40.00 X 181935 0 22038 MVICTORIA LIPTAK VP OF ACADEMIC AFFAIRS 40.00 X 159992 0 0 JAMES RYAN VP OF ENROLLMENT 40.00 X 142686 0 35486 LUIS MONTALVO DIRECTOR OF MEDIA ARTS 40.00 X 104542 0 34001 MARIA CHAPIAN CONTROLLER 40.00 X 141173 0 35114 RICHARD GRISWOLD AVP & DEAN OF STUDENTS 40.00 X 124993 0 14771 DONALD HUNSICKER DEAN FAULTY DESIGN STUDIES 40.00 X 116390 0 24483 BETHANY JOY FANTASIA DEAN OF INTERIOR ARCHITECTURE 40.00 X 110000 0 22745 1532517 0 238704 13 0 1 0 NANCY MURPHY 16 LAFAYETTE CIRCLE WELLESLEY MA 02482 HUMAN RESOURCE TRANSFORMATION AND INTERI 236720 BDO USA LLP 5300 PATTERSON AVE SE SUITE 100 GRAND RAPIDS MI 49512 CONSULTANT - POSITON & COMPENSATION STUD 184880 CAPIN CROUSE LLP 345 MASSACHUSETTS AVE SUITE 300 INDIANAPOLIS IN 46204 CONSULTANT - STRATEGIC INITITAIVE PROJEC 124609 3 1403069 845055 2248124 TUITION AND FEES 611600 18188330 18188330 18188330 241457 241457 494694 0 494694 494694 494694 21172605 18188330 0 736151 1492620 1492620 887418 612677 261906 12835 9187306 6342954 2711471 132881 1906830 1328894 577936 31540 29873 1667 60450 57255 3195 614153 581696 32457 935197 4000 931197 166713 80960 83601 2152 970831 190150 772956 7725 956334 494 955840 1222656 855859 366797 757789 8942 745950 2897 PROFESSIONAL DEVELOPMEN 728960 637692 91268 0 EVENTS 228589 75252 108439 44898 DUES & SUBSCRIPTIONS 199035 159910 38406 719 BAD DEBT 10774 10774 0 0 20357195 11801178 8314591 241426 1169675 454035 226403 1242607 315267 843292 9585350 9856535 165000 94814 37246997 19861380 17644974 17385617 14629308 11379607 43735977 41256507 1867303 1079257 6535600 6986062 12280994 11764484 20683897 19829803 X 11736074 11146899 11316006 10279805 23052080 21426704 43735977 41256507 X 815410 -2454058 440000 -426728 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 14341138 10100 -2296995 387348 11666895 11879555 57000 2809198 404615 14341138 11840710 113057 673829 623317 11879555 11132536 43883 645600 814207 11715986 10083165 95229 999458 386513 11840710 0.33050 0.66950 0 0 5522338 5522338 25682622 14972553 10710069 177734 177734 0 5864303 4711093 1153210 17385617 X 19158547 -2454058 440000 -2014058 21172605 0 21172605 20783923 426728 426728 20357195 0 20357195 PART III, LINE 1A: ART AND SIMILAR ASSETS HELD FOR PUBLIC EDUCATION AND PRESERVATION. PART III, LINE 4: HISTORICAL SAMPLES SERVES AS EXAMPLES OF DESIGN FOR OUR STUDENTS. COLLECTION INCLUDES EXAMPLES OF UNIQUE PIECES OF SCULPTURE, ART AND FURNISHINGS. PART V, LINE 4: MAINLY RESTRICTED FOR SCHOLARSHIPS AND AWARDS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" 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. THE COLLEGE HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE COLLEGE HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS, MORE LIKELY THAN NOT, SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION PART XII, LINE 2D - OTHER ADJUSTMENTS: STRATEGIC EXPENSES 426,728. 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 RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AID FROM GOVERNMENTAL AGENCIES FOR SCHOLARSHIPS AND AWARDS FOR STUDENTS. 1 SCHOLARSHIPS AND FINANCIAL AID 335 1492620 PART I, LINE 2: THE VP OF FINANCE AND ADMINISTRATION STAFF OVERSEE THAT THE PROVISIONS OF THE GRANT ARE MET IN ACCORDANCE WITH GUIDELINES OR AGREEMENTS SET FORTH, WHETHER THAT'S USE OF DONOR, GOVERNMENT OR PRIVATE SOURCES. X X 0 0 0 0 0 0 0 0 0 MAHESH DAAS PRESIDENT 426806 0 0 0 24000 0 0 0 50066 0 500872 0 0 0 SYDNEY LEO VP OF FINANCE & ADMINISTRATION 157935 0 0 0 24000 0 0 0 22038 0 203973 0 0 0 JAMES RYAN VP OF ENROLLMENT 142686 0 0 0 0 0 0 0 35486 0 178172 0 0 0 MARIA CHAPIAN CONTROLLER 141173 0 0 0 0 0 0 0 35114 0 176287 0 0 0 MVICTORIA LIPTAK VP OF ACADEMIC AFFAIRS 159992 0 0 0 0 0 0 0 0 0 159992 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENT 043431814 NONEAVAIL 2012-03-19 5800000 ACQUISITION/RENOVATION OF 951 BOYLSTON STREET AND 320 NEWBURY STREET REFUND 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENT 043431814 NONEAVAIL 2017-01-04 9365668 ACQUISITION/RENOVATION OF 951 BOYLSTON STREET AND 320 NEWBURY STREET REFUND 0 0 0 A 5800000 116000 2643749 2012 1 0 1 1 B 9365668 150747 9214921 2017 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAS DIRECTED THE AUDIT COMMITTEE TO REVIEW THE FORM 990 ON ITS BEHALF AND UPON ITS SATISFACTION FORWARD IT FOR EXECUTION TO THE PRESIDENT. THE FULLY EXECUTED FORM 990 IS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BAC CONFLICT OF INTEREST POLICY APPLIES TO ALL COVERED TRUSTEES, OVERSEERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, OFFICERS, STAFF, PART-TIME AND FULL-TIME FACULTY, STUDENTS, COVERED INDIVIDUAL'S FAMILY MEMBERS, AND AFFILIATED ORGANIZATIONS AND PERSONS. THE POLICY IS PUBLISHED SEVERAL PLACES BUT IS MOST VISIBLY PUBLISHED AS PART OF THE ANNUAL BAC CATALOG LOCATED ON THE BAC WEBSITE. THE POLICY IS TRIGGERED WHENEVER A COVERED INDIVIDUAL HAS A DIRECT OR INDIRECT FINANCIAL, PROFESSIONAL, OR OTHER INTEREST IN A MATTER THAT COMES BEFORE THE INDIVIDUAL FOR CONSIDERATION. THE POLICY IDENTIFIES THREE DIFFERENT CATEGORIES OF CONFLICT SITUATIONS WHICH ARE: FINANCIAL SELF DEALING, PROFESSIONAL /ACADEMIC HONORS AND RECOGNITION, AND FACULTY-STUDENT RELATIONS. WHEN A POTENTIAL CONFLICT OF INTEREST SITUATION ARISES, EITHER ACTUAL OR PERCEIVED, A COVERED INDIVIDUAL SHALL TAKE SOME OR ALL OF THE FOLLOWING ACTIONS: DISCLOSURE, RECUSAL FROM VOTING OR DECISION MAKING WHILE ALLOWING SOME MEASURE OF DISCUSSION PARTICIPATION, OR TOTAL RECUSAL FROM DISCUSSION AND DECISION MAKING. ADDITIONALLY, MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT DISCLOSING PERSONAL, BUSINESS, AND ORGANIZATIONAL INTERESTS AND AFFILIATIONS INCLUDING MEMBERSHIP ON BOARDS OF OTHER NONPROFIT ORGANIZATIONS. THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT REVIEW THE STATEMENTS AND CONTACT THE AFFECTED PERSON IF THERE APPEARS TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BENCHMARK FOR THE PRESIDENT'S SALARY IS THE CUPA INFORMATION ON COLLEGES AND UNIVERSITIES IN NEW ENGLAND OF SIMILAR SIZE. THOSE BENCHMARKS GREATLY EXCEED WHAT IS AFFORDABLE FOR THE BAC, THUS THE SALARY IS BASED UPON PERFORMANCE AND BUDGETARY CONSTRAINTS. THE COMPENSATION COMMITTEE ASSIGNED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF REVIEWING SALARY BENCHMARKS OF PEER INSTITUTES, DETERMINED THAT THE SALARIES OF OTHER OFFICERS AND KEY EMPLOYEES WERE CONSISTENT WITH THESE BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: STRATEGIC INITIATIVE AND RELATED EXPENSES -426,728. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS.