2025-05-13T09:29:55-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-07-01 042121659 WORCESTER POLYTECHNIC INSTITUTE WORC 5088315000 100 INSTITUTE ROAD WORCESTER MA 01609 MICHAEL HORAN EXECUTIVE VP & CFO 5088315000 2025-05-08 1 0 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z JINLIU WANG 100 INSTITUTE ROAD WORCESTER MA 01609 491410817 0 X WWW.WPI.EDU X 1865 MA WORCESTER POLYTECHNIC INSTITUTE WAS FOUNDED IN 1865 TO CREATE AND CONVEY (CONTINUED ON SCHEDULE O) THE LATEST SCIENCE AND ENGINEERING KNOWLEDGE IN WAYS THAT ARE MOST BENEFICIAL FOR SOCIETY. 24 23 4526 80 1040986 0 23070174 25282069 425741934 454614577 13559221 11127022 300852 -253769 462672181 490769899 137912773 154356495 0 0 192857975 205768366 224389 226064 9157520 152028273 144967990 483023410 505318915 -20351229 -14549016 1319474615 1348178551 520187087 497992535 799287528 850186016 X THE UNIVERSITY EDUCATES TALENTED MEN AND WOMEN IN ENGINEERING, SCIENCE, MANAGEMENT, AND HUMANITIES IN PREPARATION FOR CAREERS OF PROFESSIONAL PRACTICE, CIVIC CONTRIBUTION, AND LEADERSHIP, FACILITATED BY ACTIVE LIFELONG LEARNING. (CONT. ON SCH O) THIS EDUCATIONAL PROCESS IS TRUE TO THE FOUNDERS' DIRECTIVE TO CREATE, TO DISCOVER, AND TO CONVEY KNOWLEDGE AT THE FRONTIERS OF ACADEMIC INQUIRY FOR THE BETTERMENT OF SOCIETY. KNOWLEDGE IS CREATED AND DISCOVERED IN THE SCHOLARLY ACTIVITIES OF FACULTY AND STUDENTS RANGING ACROSS EDUCATIONAL METHODOLOGY, PROFESSIONAL PRACTICE, AND BASIC RESEARCH. KNOWLEDGE IS CONVEYED THROUGH SCHOLARLY PUBLICATION AND INSTRUCTION. (HTTP://WWW.WPI.EDU/ABOUT/MISSION.HTML) 0 0 352333586 144171955 404366586 THE UNIVERSITY PROVIDES EDUCATION IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS TO APPROXIMATELY 5,450 UNDERGRADUATE AND 1,900 GRADUATE STUDENTS. IN ADDITION, HOUSING AND BOARD AUXILIARY SERVICES ARE PROVIDED FOR APPROXIMATELY 2,300 STUDENTS. DURING FISCAL YEAR 2024, THE UNIVERSITY AWARDED 1,170 BACHELOR, 788 MASTER AND 69 PHD DEGREES. STUDENTS EMERGE FROM THE UNIVERSITY'S UNIQUE EXPERIENCE READY TO TAKE ON SOME OF THE MOST DIFFICULT CHALLENGES IN SCIENCE AND TECHNOLOGY. MORE IMPORTANTLY, THEY UNDERSTAND HOW THEIR WORK CAN TRULY IMPACT SOCIETY AND IMPROVE LIVES. 65852079 10184540 50247991 AT THE UNIVERSITY, 238 FACULTY AND POST DOC RESEARCHERS, AND 643 STUDENTS ARE ENGAGED IN CUTTING-EDGE RESEARCH ACROSS A BROAD RANGE OF DISCIPLINES. THE UNIVERSITY RECEIVES RESEARCH FUNDING FROM A VARIETY OF SOURCES, PRIMARILY FROM GOVERNMENTAL ORGANIZATIONS SUCH AS THE NATIONAL SCIENCE FOUNDATION, DEPARTMENT OF DEFENSE, NATIONAL INSTITUTE OF HEALTH AND OTHER FEDERAL AGENCIES. RESEARCH AT THE UNIVERSITY HAS A DECIDEDLY APPLIED FOCUS, WITH WORK FOCUSED ON PROBLEMS THAT ARE BOTH INTERESTING AND IMPORTANT. THE RESULT IS NEW KNOWLEDGE, NEW INNOVATIONS, AND TECHNOLOGICAL ADVANCES THAT ATTACK SOME OF THE MAJOR CHALLENGES OF OUR TIME. 418185665 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 7720 0 1 4526 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X MICHAEL HORAN 5088315000 100 INSTITUTE ROAD WORCESTER MA 01609 JINLIU WANG PRESIDENT 40.00 1.00 X X 807682 0 87102 WILLIAM FITZGERALD CHAIR & TRUSTEE 2.00 0.00 X X 0 0 0 JOYCE KLINE VICE CHAIR & TRUSTEE 2.00 0.00 X X 0 0 0 STEPHEN RUSCKOWSKI VICE CHAIR & TRUSTEE 2.00 0.00 X X 0 0 0 MICHAEL ASPINWALL TRUSTEE 2.00 0.00 X 0 0 0 LORRAINE BOLSINGER TRUSTEE 2.00 0.00 X 0 0 0 LINWOOD BRADFORD TRUSTEE 2.00 0.00 X 0 0 0 MARNI HALL TRUSTEE 2.00 0.00 X 0 0 0 ROBERT HART TRUSTEE 2.00 0.00 X 0 0 0 STUART KAZIN TRUSTEE 2.00 0.00 X 0 0 0 DAVID LAPRE TRUSTEE 2.00 0.00 X 0 0 0 CARLEEN MAITLAND TRUSTEE 2.00 0.00 X 0 0 0 ERICA MASON TRUSTEE 2.00 0.00 X 0 0 0 MAUREEN MCCAFFREY TRUSTEE 2.00 0.00 X 0 0 0 PAMELA MCCAULEY TRUSTEE (THRU 03/2024) 2.00 0.00 X 0 0 0 NEIL MCDONOUGH TRUSTEE 2.00 0.00 X 0 0 0 PATRICIA NEWCOMER-SMALL TRUSTEE 2.00 0.00 X 0 0 0 GEORGE OLIVER TRUSTEE 2.00 0.00 X 0 0 0 ELIZABETH PHALEN TRUSTEE 2.00 0.00 X 0 0 0 MARK RUSSELL TRUSTEE 2.00 0.00 X 0 0 0 ELIZABETH SCHWEINSBERG TRUSTEE 2.00 0.00 X 0 0 0 NAVJOT SINGH TRUSTEE 2.00 0.00 X 0 0 0 JOAN BOLDUC SZKUTAK TRUSTEE 2.00 0.00 X 0 0 0 MYLES WALTON TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER WYSE TRUSTEE 2.00 0.00 X 0 0 0 ELIZABETH CLAPP ASSOC TREAS. & CONTROLLER 40.00 1.00 X 164753 0 39983 DAVID BUNIS SECRETARY & GENERAL COUNSEL 40.00 0.00 X 574842 0 35243 MICHAEL HORAN TREASURER, EXECUTIVE VP & CFO 40.00 1.00 X 577082 0 53477 KYLE SIEGEL AVP, CHIEF OF STAFF & DEP. SECR. 40.00 0.00 X 228456 0 38817 WINSTON SOBOYEJO PROVOST (THRU 09/2023) 40.00 0.00 X 540190 0 71981 PHILIP CLAY VP STUDENT AFFAIRS 40.00 0.00 X 544346 0 41890 ARTHUR HEINRICHER DEAN UG STUD/INT PROV (AS OF 10/23) 40.00 0.00 X 342374 0 40532 LAUREN TURNER SVP TALENT & INCLUSION, CDO 40.00 0.00 X 543230 0 44878 JOHN MCNEIL DEAN OF ENGINEERING 40.00 0.00 X 367324 0 57895 JEAN KING DEAN OF ARTS & SCIENCES 40.00 0.00 X 381003 0 57733 DONNA STOCK VP UNIVERSITY ADVANCEMENT 40.00 0.00 X 461463 0 41096 LEE MORADI MECHANICAL & MATERIALS ENG PROFESSOR 40.00 0.00 X 354271 0 57733 BRUCE BURSTEN CHEMISTRY PROFESSOR 40.00 0.00 X 201687 0 30047 6088703 0 698407 487 1 1 0 CONSIGLI CONSTRUCTION COMPANY INC 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION 4266846 DANIEL O'CONNELL'S SONS INC 800 KELLY WAY HOLYOKE MA 01040 CONSTRUCTION 3771982 SHAWMUT DESIGN & CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION 3400944 STANTEC ARCHITECTURE AND ENGINEERING PC 13980 COLLECTIONS CTR DR CHICAGO IL 60693 PROF. SERVICES 1579163 GREEN LEAF CONSTRUCTION LLC 98 ADAMS STREET SUITE 105 LEOMINSTER MA 01453 CONSTRUCTION 1288884 69 2000000 23282069 1547907 25282069 TUITION AND FEES 611710 351555370 351555370 SPONSORED RESEARCH 611710 50247991 50247991 AUXILIARY OPERATIONS 611710 44097630 44097630 OTHER OPER. SOURCES 611710 5678807 5678807 OTHER EDUC. OPERATIONS 611710 3034779 3034779 454614577 11115822 1040986 10074836 263109 263109 652118 640918 11200 11200 11200 LOSS INT RATE AGREEMNT 900099 -516878 -516878 -516878 490769899 454614577 1040986 9832267 8161353 8161353 144171767 144171767 2023375 2023375 4092098 555405 2850229 686464 158477955 123060531 30470345 4947079 11123640 8485936 2329332 308372 22528286 14230806 7259809 1037671 9546387 7282690 1999049 264648 966043 13154 952706 183 336709 43176 292727 806 180000 180000 226064 226064 1175212 1175212 20739400 18833901 1843897 61602 2633091 2154350 463428 15313 3917272 2765257 1050243 101772 9141170 1214539 7702339 224292 11244360 9475023 1579067 190270 8636853 8104949 405288 126616 3456541 2682425 638299 135817 10563524 7871957 2509305 182262 36640303 30547131 5588744 504428 1691035 131306 1559710 19 RESEARCH AND TRAINING 14867527 14325136 529776 12615 REPAIRS AND MAINTENANCE 8514984 6442839 1959117 113028 LAB EQUIPMENT/SUPPLIES 3365953 3164198 195238 6517 BOOKS AND PERIODICALS 2707907 26977 2675907 5023 4190106 2417484 1765963 6659 505318915 418185665 77975730 9157520 10891223 2350802 38738013 37859979 3780747 4798335 16581223 15992928 10004607 8550475 973331517 434257030 518518734 539074487 164550268 133144281 539936441 590830476 16473359 15576788 1319474615 1348178551 28027077 36947269 11900772 12478224 319284987 274237779 205179 258378 76629920 98228303 84139152 75842582 520187087 497992535 X 350722767 364826323 448564761 485359693 799287528 850186016 1319474615 1348178551 X -14549016 63879582 1567922 X 0 1 X 1 1 1 X 33087495 32507077 25922762 23070174 25282069 139869577 33087495 32507077 25922762 23070174 25282069 139869577 7169344 132700233 6508829 4350643 6808581 11182633 10337945 39188631 38254 2102514 541061 2681829 26371 26371 181766408 2006059760 0.73010 0.73340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM GAMING - 2019 AMOUNT: $ 26,371. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 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X X 0 628765308 6853717 71642219 11197461 16064536 679999247 587107058 7970966 59079208 10282412 15109512 628765308 630915527 12869512 -31950308 9825960 14901713 587107058 484367049 10106274 160615648 9447238 14726206 630915527 508521354 4302473 -9351199 9007430 10098149 484367049 0.38400 0.33600 0.28000 0 0 22759720 22759720 750143097 307447923 442695174 20858891 13166112 7692779 155426187 113642995 41783192 24143622 24143622 539074487 EQUITY FUNDS 383940640 F PRIVATE EQUITY FUNDS 95756204 F FIXED INCOME FUNDS 63453364 F REAL ESTATE 47680268 F 590830476 OPERATING LEASE LIABILITIES 60913797 SPLIT INTEREST RATE AGREEMENTS 5412581 FUNDS HELD FOR OTHERS 5141598 REFUNDABLE GOVERNMENT LOAN FUNDS 1814618 INTEREST RATE AGREEMENTS 1400086 ASSET RETIREMENT OBLIGATIONS 1159902 75842582 X PART III, LINE 1A: DUE TO THE IMMATERIALITY OF THE UNIVERSITY'S COLLECTIONS OF ART OR HISTORICAL TREASURES, THESE ASSETS ARE NOT DISCLOSED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE UNIVERSITY HOLDS A CHARLES DICKENS COLLECTION, A BERNARD BRENNER SCULPTURE COLLECTION, A RARE BOOK AND MANUSCRIPT COLLECTION, AS WELL AS OTHER WORKS OF ART. THESE PIECES ARE USED BY THE FACULTY TO FURTHER THEIR RESEARCH AND CURRICULUM. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE PROGRAMS OF THE UNIVERSITY, INCLUDING SCHOLARSHIPS, FACULTY TEACHING AND RESEARCH, LIBRARY RESOURCES, AND MAINTENANCE. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT AND SIMILAR FUNDS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE UNIVERSITY RELIES ON A TOTAL RETURN APPROACH IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD. TO ACHIEVE ITS LONG-TERM OBJECTIVES WITHIN PRUDENT RISK PARAMETERS, THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION. THE UNIVERSITY OBSERVES A SPENDING RULE WITH RESPECT TO TOTAL RETURN (INTEREST, DIVIDENDS, AND APPRECIATION) ON INVESTMENTS OF THE ENDOWMENTS AND SIMILAR FUNDS. UNDER THE SPENDING RULE, THE UNIVERSITY APPROPRIATED 4.6% OF ITS ENDOWMENT AND SIMILAR FUNDS' AVERAGE UNIT FAIR VALUE FOR THE PREVIOUS TWELVE QUARTERS, ONE YEAR REMOVED, FOR THE YEAR ENDED JUNE 30, 2024. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE UNIVERSITY HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, UPON THE UNIVERSITY'S CONSOLIDATED STATEMENT OF FINANCIAL POSITION OR THE RELATED CONSOLIDATED STATEMENTS OF ACTIVITIES OR CASH FLOWS. 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 UNIVERSITY MAKES ITS ANTI-DISCRIMINATION POLICY KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A NOTICE OF NON-DISCRIMINATION ON ITS WEBSITE, AND IN ALL BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. (CONTINUED BELOW LINE 6) SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN THE FORM OF 34A TITLE IV AID. LINE 3 - NONDISCRIMINATION POLICY CONTINUED: IT IS THE POLICY OF THE UNIVERSITY TO PROVIDE EACH QUALIFIED INDIVIDUAL - REGARDLESS OF RACE, SEX, AGE, COLOR, NATIONAL ORIGIN, RELIGION, GENETIC IDENTITY, DISABILITY, GENDER IDENTITY OR EXPRESSION, MARITAL OR PARENTAL STATUS, SEXUAL ORIENTATION, TRANSGENDER STATUS, VETERAN STATUS, OR ANY OTHER LEGALLY PROTECTED STATUS - THE OPPORTUNITY TO PARTICIPATE IN THE UNIVERSITY'S EDUCATIONAL AND EMPLOYMENT PROGRAMS AND ACTIVITIES, INCLUDING ADMISSIONS, IN A DISCRIMINATION AND HARASSMENT-FREE ENVIRONMENT, IN ACCORDANCE WITH STATE AND FEDERAL LAWS, INCLUDING TITLE VI AND TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, SECTION 504 OF THE REHABILITATION ACT OF 1973, TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, AND THE AGE DISCRIMINATION ACT OF 1975, AND THEIR RESPECTIVE IMPLEMENTING REGULATIONS. FURTHERMORE, THE UNIVERSITY PROHIBITS AND WILL NOT TOLERATE UNLAWFUL DISCRIMINATION OR HARASSMENT. UNLAWFUL DISCRIMINATION OR HARASSMENT CONSISTS OF TREATING A PERSON DIFFERENTLY IN ANY UNIVERISTY PROGRAM OR ACTIVITY BASED ON THEIR RACE, SEX, AGE, COLOR, NATIONAL ORIGIN, RELIGION, GENETIC IDENTITY, DISABILITY, GENDER IDENTITY OR EXPRESSION, MARITAL OR PARENTAL STATUS, SEXUAL ORIENTATION, TRANSGENDER STATUS, VETERAN STATUS, OR ANY OTHER LEGALLY PROTECTED STATUS. THIS INCLUDES, FOR EXAMPLE, THE DISPLAY OR CIRCULATION OF WRITTEN OR ELECTRONIC MATERIALS OR PICTURES DEGRADING TO A PERSON'S GENDER OR TO RACIAL, ETHNIC, OR RELIGIOUS GROUPS; AND VERBAL ABUSE OR INSULTS DIRECTED AT OR MADE IN THE PRESENCE OF MEMBERS OF A RACIAL, ETHNIC, OR MINORITY GROUP. THE UNIVERSITY WILL ADMINISTER ANY COMPLAINT OF DISCRIMINATION OR HARASSMENT WITH THE UTMOST DEGREE OF PRIVACY AND CONFIDENTIALITY POSSIBLE UNDER THE CIRCUMSTANCES OF EACH MATTER AND AS PERMITTED BY LAW. FAILURE OF ANY PARTICIPANT TO RESPECT CONFIDENTIALITY, BOTH DURING OR AFTER AN INVESTIGATION PROCESS, MAY CONSTITUTE RETALIATION AND SUBJECT THE VIOLATOR TO DISCIPLINE. THE UNIVERSITY PROHIBITS AND WILL NOT TOLERATE ANY FORM OF RETALIATION AGAINST PERSONS WHO HAVE COMPLAINED ABOUT, OR PARTICIPATED IN AN INVESTIGATION OF A COMPLAINT ABOUT, UNLAWFUL DISCRIMINATION OR HARASSMENT. THE UNIVERSITY WILL MAKE AN INDEPENDENT INQUIRY INTO COMPLAINTS OF UNLAWFUL DISCRIMINATION AND HARASSMENT, ACCORDING TO APPLICABLE UNIVERSITY POLICIES AND PROCEDURES, AND VIOLATIONS BY STUDENTS/EMPLOYEES WILL BE SUBJECT TO DISCIPLINARY ACTION, INCLUDING SUSPENSION, EXPULSION, OR TERMINATION, WHERE APPROPRIATE. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICES SEE PART V 309226 EAST ASIA AND THE PACIFIC 0 4 PROGRAM SERVICES SEE PART V 976653 EUROPE (INCLUDING ICELAND & GREENLAND) 0 5 PROGRAM SERVICES SEE PART V 2079016 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES SEE PART V 128979 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES SEE PART V 140442 SOUTH AMERICA 0 2 PROGRAM SERVICES SEE PART V 195336 SOUTH ASIA 0 0 PROGRAM SERVICES SEE PART V 56859 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES SEE PART V 286806 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 89814586 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 12456039 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 1240 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 863942 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 6820 SOUTH AMERICA 0 0 GRANTMAKING 579149 NORTH AMERICA 0 0 GRANTMAKING 78694 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 493531 0 15 0 0 0 15 4173317 104294001 108467318 SOUTH AMERICA OTHER 453148 0 SOUTH AMERICA RESEARCH 126001 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 574509 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 289433 0 NORTH AMERICA RESEARCH 26486 0 NORTH AMERICA RESEARCH 52208 0 MIDDLE EAST AND NORTH AFRICA RESEARCH 6820 0 EAST ASIA AND THE PACIFIC RESEARCH 493531 0 7 1 1 0 1 1 1 0 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANTS TO ORGANIZATIONS: THE UNIVERSITY ACTIVELY MONITORS ALL FEDERALLY SPONSORED RESEARCH GRANTS THROUGH THE OFFICE OF SPONSORED PROGRAMS (OSP), THE OFFICE OF RESEARCH INTEGRITY AND COMPLIANCE (ORIC), AND ITS SPONSORED PROGRAMS ACCOUNTING OFFICE (SPA). OSP IS RESPONSIBLE FOR MONITORING PRE-AWARD ACTIVITIES AND NON-FINANCIAL POST-AWARD ACTIVITIES. ORIC IS RESPONSIBLE FOR MONITORING COMPLIANCE SUCH AS HUMAN SUBJECT PARTICIPATION GUIDELINES, RESEARCH ETHICS AND MISCONDUCT AND RESEARCH EXPORT CONTROL AND LICENSING. SPA MONITORS ALL POST-AWARD FINANCIAL ACTIVITY, INCLUDING ALLOWABILITY OF COSTS, REVENUE AND RECEIVABLES, AND PREPARATION AND SUBMISSION OF FINANCIAL REPORTS ON GRANTS. PROCEDURE FOR MONITORING USE OF GRANTS TO INDIVIDUALS: THE UNIVERSITY REQUIRES ALL STUDENTS SEEKING NEED-BASED FINANCIAL AID AND SCHOLARSHIPS TO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM. A CSS PROFILE IS ALSO REQUIRED FOR INCOMING STUDENTS. THE UNIVERSITY'S FINANCIAL AID STAFF ARE TRAINED IN THE REQUIREMENTS OF AWARDING TITLE IV FUNDS TO STUDENTS AND ARE REQUIRED TO ADHERE TO THESE REQUIREMENTS. THE UNIVERSITY ALSO UNDERGOES AN INDEPENDENT UNIFORM GUIDANCE SINGLE AUDIT TO ENSURE COMPLIANCE WITH THESE REQUIREMENTS. PART I, LINE 3: FOREIGN EXPENDITURES ARE SEPARATELY IDENTIFIED IN THE INSTITUTE'S BOOKS AND RECORDS. 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55455 416007513 115 309254 0 RESEARCH VIRGINIA POLYTECHNIC INSTITUTE 295 W CAMPUS DRIVE 401-A WALLACE BLACKBURG VA 04061 546001805 501(C)(3) 37374 0 RESEARCH WASHINGTON UNIVERSITY IN ST LOUIS 1 BROOKINGS DRIVE ST LOUIS MO 63112 430653611 501(C)(3) 58000 0 RESEARCH WEST VIRGINIA UNIVERSITY RESEARCH CORP ONE WATERFRONT PLACE PO BX 6005 MORGANTOWN WV 26506 556000842 501(C)(3) 295310 0 RESEARCH WESTAT INC 20 UNIVERSITY ROAD CAMBRIDGE MA 02138 840529566 14736 0 RESEARCH WESTED 400 SEAPORT COURT SUITE 222 REDWOOD CITY CA 94063 943233542 501(C)(3) 613927 0 RESEARCH 41 12 SCHOLARSHIPS 5344 144171767 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANTS TO ORGANIZATIONS: THE UNIVERSITY ACTIVELY MONITORS ALL FEDERALLY SPONSORED RESEARCH GRANTS THROUGH THE OFFICE OF SPONSORED PROGRAMS (OSP), THE OFFICE OF RESEARCH INTEGRITY AND COMPLIANCE (ORIC), AND ITS SPONSORED PROGRAMS ACCOUNTING OFFICE (SPA). OSP IS RESPONSIBLE FOR MONITORING PRE-AWARD ACTIVITIES AND NON-FINANCIAL POST-AWARD ACTIVITIES. ORIC IS RESPONSIBLE FOR MONITORING COMPLIANCE SUCH AS HUMAN SUBJECT PARTICIPATION GUIDELINES, RESEARCH ETHICS AND MISCONDUCT AND RESEARCH EXPORT CONTROL AND LICENSING. SPA MONITORS ALL POST-AWARD FINANCIAL ACTIVITY, INCLUDING ALLOWABILITY OF COSTS, REVENUE AND RECEIVABLES, AND PREPARATION AND SUBMISSION OF FINANCIAL REPORTS ON GRANTS. PROCEDURE FOR MONITORING USE OF GRANTS TO INDIVIDUALS: THE UNIVERSITY REQUIRES ALL STUDENTS SEEKING NEED-BASED FINANCIAL AID AND SCHOLARSHIPS TO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FORM. A CSS PROFILE IS ALSO REQUIRED FOR INCOMING STUDENTS. THE UNIVERSITY'S FINANCIAL AID STAFF ARE TRAINED IN THE REQUIREMENTS OF AWARDING TITLE IV FUNDS TO STUDENTS AND ARE REQUIRED TO ADHERE TO THESE REQUIREMENTS. THE UNIVERSITY ALSO UNDERGOES AN INDEPENDENT UNIFORM GUIDANCE SINGLE AUDIT TO ENSURE COMPLIANCE WITH THESE REQUIREMENTS. X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 JINLIU WANG PRESIDENT 621823 0 166250 0 19609 0 42412 0 44690 0 894784 0 0 0 MICHAEL HORAN TREASURER, EXECUTIVE VP & CFO 425882 0 147390 0 3810 0 31350 0 22127 0 630559 0 0 0 WINSTON SOBOYEJO PROVOST (THRU 09/2023) 450043 0 4179 0 85968 0 31350 0 40631 0 612171 0 4179 0 DAVID BUNIS SECRETARY & GENERAL COUNSEL 430213 0 142649 0 1980 0 31350 0 3893 0 610085 0 3929 0 LAUREN TURNER SVP TALENT & INCLUSION, CDO 402530 0 138720 0 1980 0 31350 0 13528 0 588108 0 0 0 PHILIP CLAY VP STUDENT AFFAIRS 354103 0 188263 0 1980 0 30853 0 11037 0 586236 0 1705 0 DONNA STOCK VP UNIVERSITY ADVANCEMENT 352383 0 107100 0 1980 0 31350 0 9746 0 502559 0 0 0 JEAN KING DEAN OF ARTS & SCIENCES 358840 0 18353 0 3810 0 31350 0 26383 0 438736 0 0 0 JOHN MCNEIL DEAN OF ENGINEERING 347494 0 17850 0 1980 0 31350 0 26545 0 425219 0 0 0 LEE MORADI MECHANICAL & MATERIALS ENG PROFESSOR 350728 0 0 0 3543 0 31350 0 26383 0 412004 0 0 0 ARTHUR HEINRICHER DEAN UG STUD/INT PROV (AS OF 10/23) 309881 0 30150 0 2343 0 29806 0 10726 0 382906 0 0 0 KYLE SIEGEL AVP, CHIEF OF STAFF & DEP. SECR. 169406 0 58750 0 300 0 16729 0 22088 0 267273 0 0 0 BRUCE BURSTEN CHEMISTRY PROFESSOR 199477 0 0 0 2210 0 19318 0 10729 0 231734 0 0 0 ELIZABETH CLAPP ASSOC TREAS. & CONTROLLER 164453 0 0 0 300 0 16088 0 23895 0 204736 0 0 0 PART I, LINE 1A THE UNIVERSITY HAS PROVIDED THESE BENEFITS PER WRITTEN POLICIES AFTER FULL SUBSTANTIATION OF THE ITEMS. THE FOLLOWING AMOUNTS ARE NOT INCLUDED IN COMPENSATION TAXABLE TO THE EMPLOYEE: BEGINNING APRIL OF 2023, THE UNIVERSITY PROVIDED HOUSING ON CAMPUS TO THE PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, INCLUDING HOUSEKEEPING TO MAINTAIN THE APPEARANCE OF THE RESIDENCE FOR UNIVERSITY FUNCTIONS. THROUGH MARCH OF 2023, ONE OFFICER RESIDED IN UNIVERSITY HOUSING. THE OFFICER PAID RENT DIRECTLY TO THE UNIVERSITY. PART I, LINES 4A-B LINE 4A - ONE LISTED INDIVIDUAL RECEIVED PAYMENTS INCLUDED IN SCH J, PART II, COLUMN BIII AS PART OF THE SEPARATION AGREEMENT WITH THE INSTITUTE. LINE 4B - THE INSTITUTE HAS A LONG TERM INCENTIVE PLAN (LTIP) TO PROVIDE DEFERRED BONUSES TO CERTAIN LISTED INDIVIDUALS. AMOUNTS PAID UNDER THE LTIP IN 2023 ARE INCLUDED ON SCHEDULE J, COLUMN (B)(II). ADDITIONAL DETAILS REGARDING THE PLAN ARE INCLUDED IN RESPONSE SCHEDULE J, PART I, LINE 7. NO AMOUNTS WERE CONTRIBUTED TO THE PLAN IN CALENDAR YEAR 2023. ONE INDIVIDUAL IS SUBJECT TO A DEFERRED BONUS ARRANGEMENT. AMOUNTS ACCRUED UNDER THE ARRANGEMENT ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C. PART I, LINE 7 THE COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES HAS A PAY-FOR-PERFORMANCE COMPENSATION PHILOSOPHY IN DETERMINING EXECUTIVE COMPENSATION. A PLAN THAT IS PART OF THE PHILOSOPHY IS THE EXECUTIVE INCENTIVE COMPENSATION PLAN. EXECUTIVES ARE ELIGIBLE FOR PERFORMANCE-BASED PAY. THE PAYMENT OF A PERFORMANCE BONUS IS DEPENDENT UPON ACHIEVEMENT OF DEFINED GOALS AND OBJECTIVES, APPROVED BY THE PRESIDENT AND COMPENSATION COMMITTEE. THE PRESIDENT MAY RECEIVE A PERFORMANCE-BASED INCENTIVE SUBJECT TO THE TERMS AND PROVISIONS LISTED IN THE CONTRACT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RTX3 2008-04-09 48995000 REFUNDING OF SERIES 2003&2005 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2014-08-28 4622000 RENOVATIONS OF EXISTING FACILITIES 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584XPK1 2016-06-21 49030491 REFUNDING OF SERIES 2007 BONDS 1 0 0 D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584X2E0 2017-10-03 16911534 REFUNDING OF SERIES 2007 BONDS 1 0 0 A 20090000 48995000 325962 19038 48650000 2008 1 0 1 1 B 1745000 4622000 61330 4560670 2016 0 0 1 1 C 15570000 49030491 471314 48559177 2016 0 1 1 1 D 2950000 16911534 288239 16623295 2017 1 0 1 1 A 0 1 1 1 1 1 0.16820 0.16820 0 0 1 B 0 0 0 0 0 0 1 C 0 1 1 1 0 0.00330 0.00330 0 0 1 A 0 0 0 1 1 1 DEUTSCHE & BARCLAYS 19.000000000000 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, COLUMN F: BOND ISSUE A (SERIES 2008A) WAS USED TO REFUND THE SERIES 2003A DATED JULY 20, 2003 AND 2005A DATED AUGUST 3, 2005. BOND ISSUE C (SERIES 2016) WAS USED TO REFUND SERIES 2007 WHICH WAS ISSUED JUNE 28, 2007. BOND ISSUE D (SERIES 2017A) WAS USED TO REFUND A PORTION OF SERIES 2007, WHICH WAS ISSUED IN JUNE 28, 2007, THAT WAS ALLOCATED TO REFUND SERIES 1997-I, WHICH WAS ISSUED ON MARCH 20, 1997. BOND ISSUE A (SERIES 2017B) WAS USED TO REFUND SERIES 2010 WHICH WAS ISSUED JANUARY 27, 2010. BOND ISSUE B (SERIES 2019) WAS USED TO FUND VARIOUS CAPITAL PROJECTS. BOND ISSUE C (SERIES 2022) WAS USED TO REFUND SERIES 2012 WHICH WAS ISSUED OCTOBER 30, 2012. SCHEDULE K, PART II, COLUMN A & B: ON MAY 31, 2024 THE UNIVERSITY DEFEASED $7,820,000 OF SERIES 2017B AND $21,375,000 OF SERIES 2019. SPECIFIC INFORMATION ON THE DEFEASANCE, INCLUDING CUSIPS AND PAR AMOUNTS DEFEASED, ARE FILED ON THE EMMA SYSTEM. SCHEDULE K, PART II, COLUMN C & D: ON MAY 31, 2024, THE UNIVERSITY DEFEASED $5,325,000 OF SERIES 2016 AND $700,000 OF SERIES 2019. SPECIFIC INFORMATION ON THE DEFEASANCE, INCLUDING CUSIPS AND PAR AMOUNTS DEFEASED, ARE FILED ON THE EMMA SYSTEM. SCHEDULE K PART II, LINE 11 COLUMNS A,C,D: THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW. SCHEDULE K, PART III, LINE 3: FOR BOND ISSUE A (SERIES 2017B), TOTAL PROCEEDS OF ISSUE INCLUDE INVESTMENT EARNINGS OF $1,345,180. FOR BOND ISSUE B (SERIES 2019), TOTAL PROCEEDS OF ISSUE INCLUDE INVESTMENT EARNINGS OF $982,697. SCHEDULE K, PART III, COLUMN D: THE SERIES 2017A ISSUE REFUND A PORTION OF SERIES 2007 ISSUE ALLOCATED TO REFUNDING THE 1997 ISSUE, ORIGINALLY ISSUED ON MARCH 20, 1997. SINCE THIS IS THE ONLY PURPOSE OF SERIES 2017A, THIS ISSUE IS EXEMPT FROM REPORTING ON PART III OF SCHEDULE K. SCHEDULE K, PART III, LINE 6, COLUMN A: THE UNIVERSITY ACTIVELY MONITORS THE PRIVATE BUSINESS USE PERCENTAGE FOR EACH OF THEIR ISSUES, WHILE THE 2008A'S PERCENTAGE IS ABOVE 5% FOR THE YEAR, THE OVER THE LIFE PERCENTAGE FOR THE ISSUE WILL STILL BE UNDER THE 5% LIMITATION FOR THE ISSUE. SCHEDULE K, PART IV, LINE 2C: FOR BOND A (SERIES 2008A) A REBATE CALCULATION WAS PERFORMED ON 8/31/2023, FOR BOND B (SERIES 2014), A REBATE CALCULATION WAS PERFORMED ON 10/7/2016, FOR BOND C (SERIES 2016) A REBATE CALCULATION WAS PERFORMED ON 6/8/2021, FOR BOND D (SERIES 2017A), A REBATE CALCULATIONS WAS PERFORMED ON 6/1/2022 AND FOR BOND A (SERIES 2017B) A REBATE CALCULATIONS WAS PERFORMED ON 6/1/2022. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YAP4 2017-12-28 61875371 REFUNDING OF SERIES 2010 1 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YVR7 2019-09-26 135463087 VARIOUS CAPITAL PROJECTS 1 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2022-06-09 42540000 REFUNDING OF SERIES 2012 0 0 0 A 12565000 61875371 546236 61329135 2017 0 1 1 1 B 21470000 136445784 12401694 912875 123131215 2022 0 0 1 1 C 2008000 42540000 42540000 2022 1 0 1 1 A 0 1 0 0 0.00310 0.00310 0 0 1 B 0 1 1 1 0 0.00030 0.00030 0 0 1 C 0 1 1 1 0 0.00970 0.00970 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 X 29486 X 23 640918 FAIR MARKET VALUE X 2 631833 FAIR MARKET VALUE X 2 132000 FAIR MARKET VALUE X SUPPLIES/EQUIP 30 113670 3 0 1 0 PART I, LINE 32B: THE NUMBER OF CONTRIBUTIONS IS DISCLOSED IN COLUMN B. FORM 990, PART I, LINE 20: THE UNIVERSITY IS FILING FORM 990 BASED ON ITS CONSOLIDATED FINANCIAL STATEMENT NUMBERS. THE UNIVERSITY FEELS THIS IS MORE TRANSPARENT TO THE PUBLIC AND GIVES MORE ACCURATE INFORMATION ON ITS OPERATIONS AS OPPOSED TO CARVING OUT ITS SUBSIDIARIES LISTED BELOW. BOTH ORGANIZATIONS ALSO FILE FORM 990 SEPARATELY. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, WASHBURN PARK INC HAD NET ASSETS OF $0; REVENUE OF $0; AND EXPENSES OF $269. ADDITIONALLY, ASSISTMENTS FOUNDATION HAD NET ASSETS OF $382,175; REVENUE OF $4,475,830; AND EXPENSES OF $4,147,341. FORM 990, PART V, LINE 1A: THE 7,720 REPORTED ON THIS LINE INCLUDES THE FOLLOWING: 1098-T'S: 6,889 1099 NEC : 424 1099 MISC: 402 1099-K'S: 5 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS GEORGE OLIVER AND MARK RUSSELL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX ADVISORS FROM A NATIONAL TAX ADVISORY FIRM IN CONJUNCTION WITH THE ORGANIZATION'S MANAGEMENT. MANAGEMENT REVIEWS THE COMPLETED FORM 990 WITH THE TAX ADVISORS. THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER APPROVAL BY THE AUDIT COMMITTEE, MANAGEMENT PROVIDES THE FORM 990, WITH THE EXCEPTION OF THE NAME AND ADDRESS OF THE DONORS LISTED ON SCHEDULE B, TO ALL TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, ALL UNIVERSITY TRUSTEES, OFFICERS, AND KEY LEADERS (INCLUDING "KEY EMPLOYEES," AS DEFINED UNDER IRS RULES) ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, IN WHICH THEY AFFIRM THAT: (A) THEY HAVE RECEIVED A COPY OF THE UNIVERSITY CONFLICT OF INTEREST POLICY; (B) THEY HAVE READ, UNDERSTAND AND AGREE TO COMPLY WITH THE UNIVERSITY CONFLICT OF INTEREST POLICY; (C) THEY UNDERSTAND THAT THE UNIVERSITY, AS A TAX-EXEMPT ORGANIZATION, MUST RESTRICT ITS ACTIVITIES PRIMARILY TO THOSE FOR WHICH ITS TAX-EXEMPT STATUS WAS GRANTED; AND (D) THE INFORMATION PROVIDED IN THE DISCLOSURE STATEMENT IS TRUE AND CORRECT TO THE BEST OF THEIR KNOWLEDGE. ADDITIONALLY, AS PART OF THE ANNUAL DISCLOSURE STATEMENT PROCESS, TRUSTEES, OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST, OR POTENTIAL CONFLICTS OF INTEREST, BASED ON THE QUESTIONS CONTAINED IN THE DISCLOSURE STATEMENT. AS MORE FULLY DESCRIBED IN THE CONFLICT OF INTEREST POLICY, THERE IS A WELL-DEFINED PROCESS FOR THE COLLECTION AND REVIEW OF RESPONSES TO THE ANNUAL DISCLOSURE STATEMENT BY THE OFFICE OF GENERAL COUNSEL AND THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES. IF, BASED ON THE DISCLOSURES, ANY CONFLICT MANAGEMENT PLANS ARE WARRANTED, THEY ARE DRAFTED BY THE OFFICE OF GENERAL COUNSEL, REVIEWED AND APPROVED BY THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES, AND SIGNED BY THE DISCLOSER. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE UNIVERSITY'S PRESIDENT AND OTHER TOP MANAGEMENT IS MODELED AFTER THE REQUIREMENTS IN FEDERAL REGULATIONS 53.4958-6(A), REBUTTABLE PRESUMPTION THAT A TRANSACTION IS NOT AN EXCESS BENEFIT TRANSACTION, TO ESTABLISH THE PRESUMPTION OF REASONABLE COMPENSATION. COMPENSATION IS REVIEWED AND APPROVED BY THE INDEPENDENT MEMBERS OF THE LEADERSHIP DEVELOPMENT & EXECUTIVE COMPENSATION COMMITTEE (LDEC). IN REVIEWING COMPENSATION, THE LDEC UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, COMPARABLE MARKET DATA FROM PUBLISHED SURVEYS AND FEDERAL FORM 990S OF COMPARABLE ORGANIZATIONS IN EVALUATING THE COMPENSATION FOR EACH INDIVIDUAL. THE LDEC CONDUCTS A REVIEW OF THIS COMPARABILITY DATA, SETS COMPENSATION WITHIN A RANGE OF COMPARABLE ORGANIZATIONS, AND DOCUMENTS ITS DELIBERATION AND DISCUSSION IN MINUTES THAT ARE RETAINED WITH THE OTHER GOVERNANCE MATERIALS OF THE UNIVERSITY. WORKING WITH AN INDEPENDENT COMPENSATION CONSULTANT AND LDEC, WPI CONDUCTED A COMPREHENSIVE REVIEW OF EXECUTIVE COMPENSATION, INCLUDING THE DEVELOPMENT OF A NEW COHORT OF PEER INSTITUTIONS IN FALL OF 2021. RECOMMENDATIONS FROM THIS REVIEW WERE APPROVED BY LDEC IN FEBRUARY 2022. SUBSEQUENT REVIEWS THROUGHOUT 2022, 2023 AND 2024 OF EXECUTIVE COMPENSATION HAVE OCCURRED AS THERE WERE CHANGES IN LEADERSHIP APPOINTMENTS, INCLUDING INTERIM APPOINTMENTS OF PRESIDENT AND PROVOST, APPOINTMENT OF NEW PRESIDENT, ESTABLISHMENT OF NEW POSITION OF SVP FOR ENROLLMENT AND STUDENT AFFAIRS, APPOINTMENT OF NEW PROVOST, NEW VP FOR MARKETING & COMMUNICATIONS, AND INTERIM GENERAL COUNSEL AND VP FOR ADVANCEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON ITS WEBSITE (WWW.WPI.EDU). FORM 990, PART XI, LINE 9: NET UNREALIZED GAIN ON BENEFICIAL INTEREST IN TRUSTS 959,182. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -315,187. NET UNREALIZED GAIN ON SWAPS 923,927. GATEWAY PARK LLC 100 INSTITUTE ROAD WORCESTER MA 01609 043494779 REAL EST. DEV MA 546436 0 WPI LANCASTER ISLAND LLC 100 INSTITUTE ROAD WORCESTER MA 01609 001108846 REAL ESTATE MA 0 0 SEE PART VI SAGAMORE GROVE LLC 100 INSTITUTE ROAD WORCESTER MA 01609 001283201 REAL ESTATE MA 0 0 SEE PART VI WASHBURN PARK INC 100 INSTITUTE ROAD WORCESTER MA 01609 271189816 INFRASTRUCTURE MA 501(C)(3) LINE 10 WPI 1 ASSISTMENTS FOUNDATION 482 SOUTHBRIDGE ST 398 AUBURN MA 01501 834228740 EDUCATION MA 501(C)(3) LINE 12A, I WPI 1 CHARITABLE REMAINDER TRUSTS (23) 100 INSTITUTE ROAD WORCESTER MA 01609 CHAR TRUSTS MA N/A T 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 WASHBURN PARK INC D 5655959 COST ASSISTMENTS FOUNDATION B 1107292 CASH SCHEDULE R, PART I: DIRECT CONTROLLING ENTITY OF LANCASTER ISLAND LLC AND SAGAMORE GROVE LLC: WASHBURN PARK MERGED INTO WPI EFFECTIVE JUNE 18, 2024. THEREFORE, THE DISREGARDED ENTITIES ARE NOW CONTROLLED BY WPI. SCHEDULE R, PART II WASHBURN PARK MERGED INTO WPI EFFECTIVE JUNE 18, 2024. THEREFORE, THIS WILL BE THE LAST YEAR WASHBURN PARK IS LISTED AS A RELATED TAX EXEMPT ORGANIZATION.