2022-04-27T15:23:06-05:00 2021-06-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2020-07-01 010271210 Husson University HUSS 2079417000 One College Circle Bangor ME 04401 Thomas Welch VP Finance & Admin, Treasurer 2079417000 2022-04-27 1 Thomas Welch 999009999 Melissa Magoon CPA P01712842 2077752387 2022-04-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Robert Clark One College Circle Bangor ME 04401 88091737 0 X www.husson.edu X 1898 ME Educational Institution 31 29 1312 30 58682 0 10520158 11686114 69497882 67581906 1155176 718685 640552 371594 81813768 80358299 18725139 19726313 0 0 35444986 35553134 0 0 1239950 18452276 18318623 72622401 73598070 9191367 6760229 142213765 155415813 50883064 50049170 91330701 105366643 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 56616797 19726313 57371388 Higher Education / Educational Services 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. Husson University offers advanced knowledge in business, health, pharmacy, science and Continued on Schedule Ohumanities, as well as communication. In addition, Husson University has a robust online learning program.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.According to 2020 IPEDS Data, approximately 2,679 undergraduate and 794 graduate students currently are enrolled at Husson University. Husson offers 39 degree programs at the undergraduate and graduate level. Approximately 73% of the Husson student body comes from Maine, 42% of all students are Pell eligible, and 17% of undergraduate students are the first generation in their family to attend college. Husson University has the largest College of Business in Maine, with over 1,200 students and graduates more MBAs than any other institution in the state. The University's nursing program, with an enrollment of 479 students, is among the institutions of higher education responding to the call to graduate an additional 400 license-eligible Nursing students each year in the State of Maine. A third major part of the University's academic portfolio is Health Sciences. Our BS in Health Sciences degree is specifically designed to prepare students for our Pharm.D. program, as well as other graduate school opportunities. 8682656 10210518 Auxiliary Services The 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.Services provided by this department include dining, maintenance, Continued on Schedule Ocustodial, 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. The ground floor contains state-of-the-art experiential classroom space and the Ronan Center for Financial Technology. 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. 65299453 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 186 0 1 1312 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Thomas Welch 2079417000 One College Circle Bangor ME 04401 John M Rohman Chair 1.00 0.00 X X 0 0 0 Daniel R Hutchins Vice Chair 1.00 0.00 X X 0 0 0 Albert W Allen Trustee 1.00 0.00 X 0 0 0 Earl C Black Trustee 1.00 0.00 X 0 0 0 John P Boucher Trustee 1.00 0.00 X 0 0 0 Brock R Bradford Trustee 1.00 0.00 X 0 0 0 Susan A Carlisle Trustee 1.00 0.00 X 0 0 0 Daniel B Coffey Trustee 1.00 0.00 X 0 0 0 Joseph H Cyr Trustee 1.00 0.00 X 0 0 0 Edward O Darling Trustee 1.00 0.00 X 0 0 0 Kris A Doody Trustee 1.00 0.00 X 0 0 0 Jaclyn Fish Trustee 1.00 0.00 X 0 0 0 Arthur D Fuller Trustee 1.00 0.00 X 0 0 0 Ross Y Furman Trustee 1.00 0.00 X 0 0 0 Philip E Harriman Trustee 1.00 0.00 X 0 0 0 Kenneth A Hews Trustee 1.00 0.00 X 0 0 0 Kelli L Theriault Hutchins Trustee 1.00 0.00 X 0 0 0 Deborah Carey Johnson Trustee 1.00 0.00 X 0 0 0 Michael Kamorski EdD Faculty Trustee 1.00 0.00 X 70481 0 5384 Bradley Libby Trustee 1.00 0.00 X 0 0 0 Dr Ruth B Purtilo Trustee 1.00 0.00 X 0 0 0 Robert J Ronan Trustee 1.00 0.00 X 0 0 0 W Tom Sawyer Jr Trustee 1.00 0.00 X 0 0 0 Dr Irving Schneider Trustee 1.00 0.00 X 0 0 0 Richard C Trott Jr Trustee 1.00 0.00 X 0 0 0 Randal L Wadleigh Trustee 1.00 0.00 X 0 0 0 Betsy M Webb Trustee 1.00 0.00 X 0 0 0 Ryan Wheelock Student Trustee 1.00 0.00 X 0 0 0 Tracey Whitten Trustee 1.00 0.00 X 0 0 0 Michael E Williamson Trustee 1.00 0.00 X 0 0 0 Emma Gordan Past Student Trustee 1.00 0.00 X 0 0 0 Thomas E Stone Jr Past Faculty Trustee 1.00 0.00 X 61611 0 34128 Dr Robert A Clark President 40.00 0.00 X X 665257 0 116548 Craig Hadley VP Finance & Admin/Treasurer 40.00 0.00 X 171302 0 34097 Lynne Coy-Ogan Provost 40.00 0.00 X 183226 0 12481 Rhonda Waskiewicz Dean, College of Health and Pharmacy 40.00 0.00 X 189504 0 12297 Marie Hankinson Dean, College of Business and Nescom 40.00 0.00 X 169916 0 20743 Sarah Robinson Vice President of Advancement 40.00 0.00 X 154048 0 38119 William Lindblad Professor of Pharmacology 40.00 0.00 X 146423 0 20802 Thomas Warren Associate VP for Auxiliary Services 40.00 0.00 X 140160 0 8371 1951928 0 302970 26 0 1 0 Sheridan Corporation PO Box 359 Fairfield ME 04937 Construction Services 2601279 Wiley Edu LLC 1415 West 22nd Sreet Suite 8 Oak Brook IL 60523 On-Line Learning 703495 Fieldturf USA Inc 175 North Industrial Boulevard NE Calhoun GA 30701 Construction Services 668480 Decibel Media LLC 10 City Square Boston MA 02129 Advertising 636063 Omada Technologies 36 Maplewood Avenue Portsmouth NH 03801 Information Technology 277552 17 8831484 2854630 288338 11686114 Tuition and Fees 611710 57371388 57371388 Auxiliary Services 611710 10190594 10190594 Summer and Sports Camps 721000 19924 19924 67581906 852024 852024 62459 75751 -13292 -13292 58682 -71974 3148585 4375763 3090081 4567606 58504 -191843 -133339 -133339 Misc Student Revenue 900099 133642 133642 Other Revenue 900099 125998 125998 Bookstore Commission 611710 125246 125246 384886 80358299 67581906 58682 1031597 19726313 19726313 1354514 171604 1182910 27057058 24814012 1457299 785747 1138918 955112 146583 37223 3968184 3627270 257357 83557 2034460 1771647 212735 50078 74380 74380 79720 79720 79254 79254 3687181 1925683 1646059 115439 1274893 1081561 99514 93818 1582121 1505150 73261 3710 305498 264837 30776 9885 65166 39842 22379 2945 794628 781620 12170 838 5794706 5429804 327178 37724 257875 257875 Materials & Supplies 4030367 3171512 843854 15001 Miscellaneous Expense 177031 33486 139560 3985 Licenses and Membership 115803 115803 73598070 65299453 7058667 1239950 514031 477843 26070300 31283674 6037701 6924295 1162404 1113625 46767 21635 37823 51505 669047 554386 138039571 57746559 77342357 80293012 30333335 33905874 0 789964 142213765 155415813 4605420 8060668 2409553 3223369 21345904 18690762 12397993 11417358 10124194 8657013 50883064 50049170 X 56420444 63254579 34910257 42112064 91330701 105366643 142213765 155415813 X 6760229 5874273 1401440 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20248617 1259655 5406561 746675 26168158 20037947 464610 412680 666620 20248617 18551272 535196 1510243 558764 20037947 17259547 328752 1472017 509044 18551272 15454960 264056 2008406 467875 17259547 0.00000 0.56295 0.43705 1 0 1238767 1238767 87661219 34257018 53404201 19020741 13442095 5578646 30118844 10047446 20071398 80293012 Asset Retirement Obligation 239667 Capital Lease Obligation 671552 Charitable Gift Annuities Payable 200289 Fair Value of Interest Rate Swaps 1523684 CARES Act Funding 5965000 Deferred Compensation Liability 56821 8657013 X 67904196 5874273 1477191 7351464 60552732 79254 19726313 19805567 80358299 53868254 75751 75751 53792503 79254 19726313 19805567 73598070 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 years ended June 30, 2018 to June 30, 2021. Part XI, Line 2d - Other Adjustments: Rental Expenses 75,751. Change in Value of Split Interest Agreements 15,300. Change in Value of Interest Rate Swap 1,386,140. Part XI, Line 4b - Other Adjustments: Scholarships/Aid 19,726,313. Part XII, Line 2d - Other Adjustments: Rental Expenses 75,751. Part XII, Line 4b - Other Adjustments: Scholarships/Aid 19,726,313. 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 1 Financial Aid 3082 19726313 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 324929 0 0 0 340328 0 65455 0 51093 0 781805 0 334818 0 Craig Hadley VP Finance & Admin/Treasurer 168538 0 0 0 2764 0 10116 0 23981 0 205399 0 0 0 Rhonda Waskiewicz Dean, College of Health and Pharmacy 186547 0 0 0 2957 0 11255 0 1042 0 201801 0 0 0 Lynne Coy-Ogan Provost 181590 0 0 0 1636 0 10981 0 1500 0 195707 0 0 0 Sarah Robinson Vice President of Advancement 152598 0 0 0 1450 0 9905 0 28214 0 192167 0 0 0 Marie Hankinson Dean, College of Business and Nescom 169381 0 0 0 535 0 10395 0 10348 0 190659 0 0 0 William Lindblad Professor of Pharmacology 144253 0 0 0 2170 0 8866 0 11936 0 167225 0 0 0 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 2020 contribution was $50,000. Robert received a payout of $334,818 from this retirement plan in 2020. A City of Westbrook 2013-09-30 3280000 Purchasing Campus Building 0 0 0 B Finance Authority of Maine 010392006 2016-06-27 4200000 Dormitory Renovations/Turf Field Replacement: 1 College Circle, Bangor, ME 0 0 0 C Finance Authority of Maine 010392006 2017-02-14 10300000 Townhouse Building and Dormitory Renovations 0 0 0 D Finance Authority of Maine 010392006 2019-05-15 4000000 Wellness Learning Center 0 0 0 A 3280000 3280000 3280000 0 0 1 1 B 758128 4200000 25448 4174552 0 0 1 1 C 790645 10300000 88242 10211758 0 0 1 1 D 150770 4000000 77781 3922219 0 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 0 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. A Maine Health & Higher Education Facilities 010314384 2020-06-30 1914227 REFI MHHEFA Series 2010B 0 0 1 A 825493 2319715 213950 33172 1 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 1 1 A 1 X 2 9095 Fair Market Value X 5 275920 Fair Market Value X Air Filtration System 1 1398 Fair Market Value X Memorial Bell 1 1150 Fair Market Value X Pharmacy Artifacts 1 700 Fair Market Value X Gift Cards 2 75 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Finance 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 15,300. Change in Value of Interest Rate Swap 1,386,140. Husson University Condominiums LLC 1 College Center Circle Bangor ME 04401 Real Estate Holding ME -13292 0 Husson University