2022-05-12T12:22:29-05:00 2021-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2020-07-01 041679980 NORTHEASTERN UNIVERSITY % THOMAS NEDELL NORT 6173735947 360 HUNTINGTON AVENUE BOSTON MA 02115 THOMAS NEDELL SVP FINANCE & TREAS 6173735947 2022-05-09 true THOMAS NEDELL 999009999 GWEN SPENCER P00641463 6175305000 2022-05-06 3 2020 2022-09-23 18:48:47Z Joseph E Aoun 360 Huntington Ave Boston MA 02115 2523088383 false X www.northeastern.edu X 1898 MA SEE SCHEDULE O. 32 31 18081 4300 1278248 0 309006000 328563000 1550791638 1629847529 74068219 93076703 9766716 8715279 1943632573 2060202511 406984576 442229368 0 0 736582874 784034952 0 0 24511162 560456592 620361985 1704024042 1846626305 239608531 213576206 3597441000 4696880000 1379607000 1956320000 2217834000 2740560000 X SEE SCHEDULE O. false false 446537000 1517908529 Instruction NORTHEASTERN ENABLES 39,260 STUDENTS TO FULFILL THEIR EDUCATIONAL GOALS BY PROVIDING TEACHING AND ADVISING THAT RESULT IN THE GRANTING OF ASSOCIATE, BACHELOR, MASTER AND DOCTORAL DEGREES IN A VARIETY OF ACADEMIC DISCIPLINES. THE UNIVERSITY'S ACADEMIC AREA CONSISTS OF THE BOUVE COLLEGE OF HEALTH SCIENCE, COLLEGE OF ARTS, MEDIA AND DESIGN, D'AMORE-MCKIM SCHOOL OF BUSINESS, COLLEGE OF COMPUTER AND INFORMATION SCIENCE, COLLEGE OF ENGINEERING, COLLEGE OF PROFESSIONAL STUDIES, COLLEGE OF SCIENCE, COLLEGE OF SOCIAL SCIENCES AND HUMANITIES, AND SCHOOL OF LAW. 409842925 409842925 Student financial aid Northeastern awards grants and scholarships to students from several sources: federal and state governments, institutionally-funded and endowment/donor funded. The Office of Student Financial Services administers financial aid and is committed to working with students to identify financial aid options that can help make a Northeastern education affordable. 141111000 111939000 Auxiliary enterprises NORTHEASTERN PROVIDES STUDENT HOUSING IN 34 RESIDENTIAL BUILDINGS AND OTHER RELATED PROGRAM SERVICES. 646402215 32386443 1643893140 true true false true false false false false false true true true false true true true false true true true true true true false true false false true true true true false false false false false true true false true false true true false false true true true false false false true 37649 0 true 18081 true true true true CA UK false false false true true false false false false true false X 32 31 true false false false false false false true true false false true true true true true true true true true true CO MD MA MI NH NY OH OR SC WI X THOMAS NEDELL 6173735374 360 HUNTINGTON AVE BOSTON MA 02115 X Joseph E Aoun President/Trustee 40.0 0.0 X X 1117958 0 395374 Thomas Nedell SVP Finance and Treasurer 40.0 0.0 X 907579 0 139436 Diane N MacGillivray SVP of University Advancement 40.0 0.0 X 735210 0 108967 Ralph C Martin II SVP and General Counsel 40.0 0.0 X 719415 0 91841 Jim Bean Sr. Advisor (Until 12/20) 40.0 0.0 X 655291 0 44332 William Coen Head Coach Men's Basketball 40.0 0.0 X 603718 0 57633 Kenneth W Henderson Chancellor and SVP Learning 40.0 0.0 X 530728 0 122972 David Luzzi Sr Vice Provost - Research 40.0 0.0 X 584790 0 59110 Raj Echambadi DUNTON FAMILY DEANSHIP 40.0 0.0 X 582499 0 60402 Alessandro Vespignani Sternberg Family Dist. Profess 40.0 0.0 X 576536 0 56873 Alexandros Makriyannis George D. Behrakis Chair 40.0 0.0 X 589428 0 33365 Fernando Suarez Jean C Tempel Chair & Group Ch 40.0 0.0 X 549905 0 56848 Michael A Armini SVP - External Affairs 40.0 0.0 X 467182 0 98539 David Madigan Provost & SVP 40.0 0.0 X 483179 0 48654 Jacqueline Isaacs Interim Dean - COE(Until 2/21) 40.0 0.0 X 495134 0 31235 Sundar Kumarasamy VP - Enrollment Management 40.0 0.0 X 354825 0 133566 Carmen Sceppa Dean - Bouv Health Sciences 40.0 0.0 X 371859 0 56987 Mary Loeffelholz Dean - CPS (Until 3/15/21) 40.0 0.0 X 368765 0 43517 Hugh Courtney Professor 40.0 0.0 X 280388 0 70812 Jack Reynolds Assc.Dean Bouv,Dean&Prof Phar 40.0 0.0 X 245046 0 53194 Jeffrey S Bornstein Trustee 1.0 0.0 X 0 0 0 Jeffrey J Clarke Trustee 1.0 0.0 X 0 0 0 William J Conley Trustee 2.0 0.0 X 0 0 0 Richard A D'Amore Trustee/Chair 5.0 0.0 X 0 0 0 Susan Deitch Trustee 1.0 0.0 X 0 0 0 Deborah Dunsire Trustee 1.0 0.0 X 0 0 0 Spencer T Fung Trustee 1.0 0.0 X 0 0 0 Edward Galante Trustee/VICE CHAIR 2.0 0.0 X 0 0 0 Sir Lucian Grainge CBE Trustee 1.0 0.0 X 0 0 0 David House Trustee 1.0 0.0 X 0 0 0 Frances N Janis Trustee 1.0 0.0 X 0 0 0 Chaitanya Kanojia Trustee 1.0 0.0 X 0 0 0 Amin Khoury Trustee 1.0 0.0 X 0 0 0 Venetia Kontogouris Trustee 1.0 0.0 X 0 0 0 William A Lowell Trustee 2.0 0.0 X 0 0 0 Alan S McKim Trustee/VICE CHAIR 2.0 0.0 X 0 0 0 Todd M Manganaro Trustee 1.0 0.0 X 0 0 0 Anita Nassar Trustee 1.0 0.0 X 0 0 0 James Pallotta Trustee 1.0 0.0 X 0 0 0 John V Pulichino Trustee 1.0 0.0 X 0 0 0 Marcy L Reed Trustee 2.0 0.0 X 0 0 0 Winslow L Sargeant Trustee 1.0 0.0 X 0 0 0 Jeannine P Sargent Trustee 1.0 0.0 X 0 0 0 Ronald Sargent Trustee 1.0 0.0 X 0 0 0 Maha Shair Trustee 1.0 0.0 X 0 0 0 Melpomeni Travlos Trustee 1.0 0.0 X 0 0 0 Jean-Pascal Tricoire Trustee 1.0 0.0 X 0 0 0 Joseph M Tucci Trustee 1.0 0.0 X 0 0 0 Christopher A Viehbacher Trustee 1.0 0.0 X 0 0 0 Christophe P Weber Trustee 1.0 0.0 X 0 0 0 Michael J Zamkow Trustee 2.0 0.0 X 0 0 0 11219435 0 1763657 1594 true true false COMPASS GROUP PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 20550101 ACCENTURE LLP PO BOX 70629 CHICAGO IL 60673 TECHNOLOGY SVCS 15690539 SUFFOLK CONSTRUCTION CO INC 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION 13329529 CONSIGLI CONSTRUCTION CO INC 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION 12088471 ABM INDUSTRY GROUPS LLC PO BOX 1534 NEW YORK NY 10008 FACILITY SVCS 12032811 403 123544 147487384 180952072 25788967 328563000 TUITION,RM BD,FEES 900099 1626654672 1626654672 PARKING 812930 2988374 2988374 FOOD SERVICE 900099 204483 204483 1629847529 12323824 -205888 12529712 41970 41970 1009242 1009242 9933452 3698040 6235412 0 6235412 6235412 539819544 459108635 80710909 80710909 80710909 65686 123544 79197 -13511 -13511 0 0 0 0 0 0 ADVERTISING/SPORTS INCOME 900099 4280 4280 FEE FOR SERVICE INCOME 900099 1479856 1479856 1484136 2060202511 1626654672 1278248 103706591 31621790 31621790 409842925 409842925 764653 764653 0 13635241 3134150 8986069 1515022 1219390 716433 502957 626476238 565425622 48059575 12991041 38143672 33858162 3422750 862760 67515163 59929715 7026015 559433 37045248 32883148 3324185 837915 648792 648792 7569081 283233 7285848 880496 46743 833753 246538 245000 1538 0 3449588 3449588 18923152 18917470 1268 4414 14791634 9349641 5426380 15613 69670850 64511048 3335293 1824509 71873089 46580949 25292140 123520 123520 64490482 60330027 4009390 151065 7400136 7225446 152032 22658 0 888576 809570 63423 15583 36710282 34767047 1529731 413504 0 83780323 65139953 14906831 3733539 4245838 1012935 3232270 633 CONSULTANTS 66228172 59851268 5800074 576830 EQUIPMENT 35170669 34781368 339522 49779 MEAL PLAN AND FOOD COST 25108787 24995385 74310 39092 PUB, BOOKS, & SUBSCRIPTIONS 16664725 14250027 2183324 231374 91497255 61847120 28983737 666398 1846626305 1643893140 178222003 24511162 42569000 61172000 438744000 473633000 190953000 244011000 64873000 98348000 195000 2700000 0 0 20946000 17227000 0 0 10232000 12026000 2717036000 980818000 1616929000 1736218000 434667000 656202000 726052000 1028917000 0 0 0 0 51281000 366426000 3597441000 4696880000 196384000 232552000 10753000 11632000 190125000 196472000 637605000 861753000 0 0 0 0 201070000 201070000 30932000 30932000 112738000 421909000 1379607000 1956320000 X 1509658000 1775490000 708176000 965070000 2217834000 2740560000 3597441000 4696880000 X 213576206 323563000 -14413206 X false true X true true true X 148799000 180241000 245788000 309006000 328563000 1212397000 0 0 148799000 180241000 245788000 309006000 328563000 1212397000 80096542 1132300458 27460914 32575360 41364760 37563999 23514376 162479409 0 94986 132569 227555 1375103964 7433966594 0.82343 0.82803 X SCHEDULE A, PART II, LINE 10 OTHER INCOME REPRESENTS GROSS INCOME FROM FUNDRAISING EVENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 295000 false true 1538 296538 false Schedule C, Part II-B, Line 1 The University retains legal counsel and other firms and employs staff who perform occasional lobbying activities. The University also pays membership dues to membership organizations which may engage in lobbying activities. Lobbying activities are focused on the interests of Northeastern University (including scientific research & student aid), its students and the higher education industry. During Fiscal Year 2021, payments for these services totaled $296,538. 1135453000 30896000 417842000 36261000 4164000 2964000 1540802000 1130257000 3851000 40961000 33715000 3496000 2405000 1135453000 881994000 218161000 64539000 28306000 4178000 1953000 1130257000 833321000 8187000 69901000 25401000 2090000 1924000 881994000 748849000 11149000 103885000 24297000 4155000 2110000 833321000 0.57720 0.40680 0.01600 false false 28498000 28498000 2244536000 690976000 1553560000 444002000 289842000 154160000 1736218000 PRIVATE EQUITY 403491187 F HEDGE FUNDS 542616335 F PARTNERSHIPS 60816419 F OTHER INVESTMENTS 21993059 F 1028917000 RIGHT OF USE ASSETS 301757000 OTHER ASSETS 64669000 366426000 0 CAPITAL LEASE 19919000 INTEREST RATE SWAP AGREEMENTS 51470000 FEDERALLY FUNDED LOANS 18648000 OPERATING LEASE LIABILITIES 331872000 421909000 X SCHEDULE D, PART V, LINE 4 SPENDING POLICY INCOME FROM QUASI ENDOWMENT FUNDS ARE TO BE USED AS DESIGNATED BY THE BOARD OF TRUSTEES FOR OPERATIONS. TERM ENDOWMENTS ARE TO BE USED AS PER THE DONOR WISHES UPON TERMINATION OF THE CONTRACT. SPENDING POLICY INCOME FROM TRUE ENDOWMENT FUNDS ARE TO BE USED AS SET FORTH BY THE DONOR. CURRENTLY THESE FUNDS PRIMARILY SUPPORT SCHOLARSHIPS AND PROFESSORSHIPS. SCHEDULE D, PART X, LINE 2 GAAP requires that Northeastern evaluate tax positions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). The University has analyzed the tax positions taken and has concluded that as of June 30, 2021, there are no significant uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE UNIVERSITY PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE LEGAL NOTICE SECTION OF LOCAL NEWSPAPERS, IN UNIVERSITY PUBLICATIONS AND ADVERTISEMENTS, ONLINE, AND VIA EMAIL. GOVERNMENTAL AID OR ASSISTANCE SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FOR ITS FINANCIAL AID PROGRAMS FROM VARIOUS PROGRAMS OF THE DEPARTMENT OF EDUCATION AND THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. true Central America and the Caribbean Program Services PROGRAM DEVELOPMENT 2301 Central America and the Caribbean Program Services STUDY ABROAD 73227 East Asia and the Pacific Program Services PROGRAM DEVELOPMENT 76 East Asia and the Pacific Program Services RECRUITING 177126 East Asia and the Pacific Program Services Research 4397 East Asia and the Pacific Program Services STUDY ABROAD 46665 Europe (including Iceland and Greenland) Program Services Conference/ workshops 20677 Europe (including Iceland and Greenland) Program Services PROGRAM DEVELOPMENT 140447 Europe (including Iceland and Greenland) Program Services RECRUITING 7319 Europe (including Iceland and Greenland) Program Services Research 171353 Europe (including Iceland and Greenland) Program Services STUDY ABROAD 1800389 Middle East and North Africa Program Services PROGRAM DEVELOPMENT 190 Middle East and North Africa Program Services RECRUITING 480 Middle East and North Africa Program Services Research 4423 Middle East and North Africa Program Services STUDY ABROAD 866 North America Program Services Conference/ workshops 917 North America 2 151 Program Services PROGRAM DEVELOPMENT 287665 North America Program Services Research 12148 Russia and the Newly Independent States Program Services STUDY ABROAD -1736 South America Program Services Research 250 South America Program Services STUDY ABROAD 8392 South Asia Program Services RECRUITING 6225 Sub-Saharan Africa Program Services STUDY ABROAD 4025 Central America and the Caribbean Investments 132129399 Europe (Including Iceland and Greenland) Investments 47495893 North America Investments 2304101 Central America and the Caribbean Grantmaking 9450 East Asia and the Pacific Grantmaking 73726 Europe (Including Iceland and Greenland) Grantmaking 348327 Middle East and North Africa Grantmaking 134336 North America Grantmaking 126234 South America Grantmaking 3330 South Asia Grantmaking 53922 Sub-Saharan Africa Grantmaking 15328 2 151 2 151 2738518 182723350 185461868 Europe (Including Iceland and Greenland) SUB-AWARD 143515 CHECK Europe (Including Iceland and Greenland) SUB-AWARD 103650 CHECK Europe (Including Iceland and Greenland) SUB-AWARD 8572 CHECK Europe (Including Iceland and Greenland) SUB-AWARD 64652 CHECK Middle East and North Africa SUB-AWARD 28360 CHECK Middle East and North Africa SUB-AWARD 84296 CHECK North America SUB-AWARD 101783 CHECK North America SUB-AWARD 11611 CHECK 8 0 STUDENT FINANCIAL AID North America 3 12840 TUITION OFFS COST STUDENT FINANCIAL AID South America 1 3330 TUITION OFFS COST STUDENT FINANCIAL AID Europe (Including Iceland and Greenland) 4 27938 TUITION OFFS COST STUDENT FINANCIAL AID East Asia and the Pacific 13 73726 TUITION OFFS COST STUDENT FINANCIAL AID South Asia 14 53922 TUITION OFFS COST STUDENT FINANCIAL AID Middle East and North Africa 3 21680 TUITION OFFS COST STUDENT FINANCIAL AID Sub-Saharan Africa 6 15328 TUITION OFFS COST STUDENT FINANCIAL AID Central America and the Caribbean 1 9450 TUITION OFFS COST true true true true true false SCHEDULE F, PART I, LINE 2 NORTHEASTERN UNIVERSITY ("NU") HAS A FULL TIME EMPLOYEE TO MONITOR ALL NU-ISSUED SUBAWARDS AND NU FOLLOWS FEDERAL REGULATIONS AS PART OF THE SUBRECIPIENT MONITORING UNDER Uniform Guidance 2 CFR 200; THE PRINCIPAL INVESTIGATOR FOR EACH AWARD MONITORS THEM AS WELL. NU reviews the institutions single audit under Uniform Guidance through the Federal Audit Clearinghouse website. Suspension and debarment statuses are reviewed in Sam.gov prior to each issuance. DESK REVIEWS ARE PERFORMED IF NEEDED AND PRINCIPAL INVESTIGATORS REVIEW AND/OR DELEGATE REVIEW AND APPROVE ALL INVOICES. 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Tower Ann Arbor MI 48109 386006309 115 1405304 SUB-AWARD Rensselaer Polytechnic Institute 110 8th Street Troy NY 12180 141340095 501(c)(3) 184356 SUB-AWARD Research Foundation for The State University of Ne 402 Crofts Hall Buffalo NY 14260 141368361 115 328940 SUB-AWARD Rhode Island Hospital 593 Eddy Street Providence RI 029034923 050258954 501(c)(3) 163616 SUB-AWARD Rice University PO Box 1892 Houston TX 77251 741109620 501(c)(3) 26053 SUB-AWARD Roger Williams University 1 Old Ferry Rd Bristol RI 02809 050277222 501(c)(3) 6170 SUB-AWARD Rogers Corporation 2225 W Chandler Blvd Chandler AZ 85224 060513860 N/A 170200 SUB-AWARD Rowan University 201 Mullica Hill Rd Glassboro NJ 08028 222764819 115 491646 SUB-AWARD Cich Solutions 8727 Glencoe Circle Wauwatosa WI 53226 395948991 N/A 75500 SUB-AWARD Rutgers The State University 110 Frelinghuysen Rd Piscataway NJ 08854 226001086 501(c)(3) 151838 SUB-AWARD Saint Louis University 1 N Grand Blvd St Louis MO 63103 430654872 115 6568 SUB-AWARD San 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University of North Texas 1155 Union Circle 305250 Denton TX 762035017 756002149 115 132242 SUB-AWARD University Of Notre Dame 415 Main bldg Notre Dame IN 46556 350868188 501(c)(3) 130134 SUB-AWARD University of Oregon PO Box 3237 Eugene OR 97403 464727800 501(c)(3) 9476 SUB-AWARD University Of Pittsburgh 3420 Forbes Ave 300 Murdoch BldG Pittsburgh PA 15260 250965591 501(c)(3) 55742 SUB-AWARD University of Puerto Rico - Mayaguez Campus 259 BLVD Alfonso Valdez Mayaguez PR 00000 660433761 N/A 291169 SUB-AWARD University Of Rhode Island 70 Lower College Road Kingston RI 02881 223011455 115 516546 SUB-AWARD University of Rochester 910 Genesee St Ste 200 Rochester NY 14611 160743209 501(c)(3) 19219 SUB-AWARD University of South Carolina 1600 Hampton Street Columbia SC 29208 576001153 115 19275 SUB-AWARD University of South Florida 4202 E Fowler Ave Ste 100 Tampa FL 33617 593102112 501(c)(3) 10963 SUB-AWARD University of Southern California 3500 So Figueroa St Los Angeles CA 90089 951642394 501(c)(3) 77523 SUB-AWARD University of Southern Mississippi 118 College Drive Hattiesburg MS 39406 646000818 115 566724 SUB-AWARD University of Tennessee 1534 White Avenue Knoxville TN 37996 626001636 115 39276 SUB-AWARD University of Texas Austin 111 East 17th Street Austin TX 78774 746000089 115 104146 SUB-AWARD University of Utah 201 S Presidents Cir Rm 406 Salt Lake Cty UT 84112 876000525 501(c)(3) 245124 SUB-AWARD University of Wisconsin-Madison Drawer 538 Milwaukee WI 53278 396006492 115 97876 SUB-AWARD University System of New Hampshire 51 College Road Rm 109 Durham NH 03824 026000937 115 29484 SUB-AWARD US Ignite Inc 1150 18th Street NW Washington DC 20036 453943413 501(c)(3) 7537368 SUB-AWARD VRC METAL SYSTEMS LLC 600 N Ellsworth Rd Box Elder SD 57719 300781157 N/A 584704 SUB-AWARD West Virginia University Research Corporation One Waterfront Place Morgantown WV 26506 550665758 115 60826 SUB-AWARD Woods Hole Oceanographic 569 Woods Hole Road Woods Hole MA 02543 042105850 501(c)(3) 31497 SUB-AWARD Worcester Polytechnic Inst 100 Institute Road Worcester MA 01609 042121659 501(c)(3) 39142 SUB-AWARD Yale University 165 Prospect St OML122 New Haven CT 06511 060646973 501(c)(3) 33664 SUB-AWARD Zepsor Technologies Inc 40 Traveler St Apt 508 Boston MA 02118 861381108 N/A 31667 SUB-AWARD Trustees of the Boston Public Library 700 Boylston St Boston MA 02116 046151731 501(c)(3) 46402 SUB-AWARD Massachusetts Housing Partnership 160 Federal St Boston MA 02110 043092917 501(c)(3) 34500 SUB-AWARD Sustainable Economics Law Center 1428 Franklin Street Oakland CA 94612 462210531 501(C)(3) 31300 SUB-AWARD Georgia Tech Research Corp 505 10th Street NW Atlanta GA 303320420 580603146 N/A 37429 SUB-AWARD The Nature Conservancy 4245 N Fairfax Drive STE 100 Arlington VA 22203 530242652 501(c)(3) 15123 SUB-AWARD University of Washington PO Box 43113 Olympia WA 98504 916001089 115 102707 SUB-AWARD Massachusetts Institute of Technology 77 Massachusetts Ave Cambridge MA 02139 042103594 501(c)(3) 1118140 SUB-AWARD Dana Farber Cancer Inst 44 Binney Street Boston MA 02115 042263040 501(c)(3) 334029 SUB-AWARD Brigham and Women's Hospital Inc 75 Francis Street Boston MA 02115 042312909 501(c)(3) 60443 SUB-AWARD General Hospital Corporation RICH B SIMCHES RES CTR Boston MA 02114 042697983 501(c)(3) 1159550 SUB-AWARD Boston Childrens Hospital 300 Longwood Ave Boston MA 02115 042774441 501(c)(3) 308329 SUB-AWARD 103 30 STUDENT FINANCIAL AID 20700 403427715 COST TUITION OFFSET COVID-19 RELIEF AID TO STUDENTS 5496 6415210 SCHEDULE I, PART I, LINE 2 GRANT FUNDING IS AWARDED TO STUDENTS BY STUDENT FINANCIAL SERVICES WITHIN ESTABLISHED BUDGET LEVELS BASED ON UNIVERSITY POLICIES. GRANT FUNDS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS ELECTRONICALLY. STUDENT FINANCIAL SERVICES WORKS WITH ADVANCEMENT STAFF TO ENSURE THAT RESTRICTED FUNDS ARE AWARDED WITHIN ESTABLISHED CRITERIA, AND WITH FINANCE STAFF TO DETERMINE AVAILABILITY OF FUNDS. STUDENT FINANCIAL SERVICES MAINTAINS INTERNAL POLICIES AND PROCEDURES FOR THE CORRECT AWARDING AND ADJUSTING OF INSTITUTIONAL FUNDS. ANNUAL AUDITS ARE CONDUCTED TO ASSURE COMPLIANCE WITH ALL POLICIES AND PROCEDURES. NORTHEASTERN UNIVERSITY (NU) HAS A FULL TIME EMPLOYEE TO MONITOR ALL SUBAWARDS. - NU FOLLOWS FEDERAL REGULATIONS AS PART OF THE SUBRECIPIENT MONITORING UNDER UNIFORM GUIDANCE 2 CFR 200. - NU reviews the institutions single audit under Uniform Guidance through the Federal Audit Clearinghouse website. - Suspension and debarment statuses are reviewed in Sam.gov prior to each issuance. - DESK REVIEWS ARE PERFORMED, AND PRINCIPAL INVESTIGATORS APPROVE ALL INVOICES. X X X X true true X X X X X false true false false false false false true true true Joseph E Aoun President/Trustee 1035982 0 0 81976 0 237891 0 157483 0 1513332 0 0 0 Diane N MacGillivray SVP of University Advancement 691337 0 0 43873 0 78500 0 30467 0 844177 0 0 0 David Madigan Provost & SVP 468884 0 0 14295 0 28500 0 20154 0 531833 0 0 0 Michael A Armini SVP - External Affairs 448482 0 0 18700 0 68500 0 30039 0 565721 0 0 0 Ralph C Martin II SVP and General Counsel 675739 0 0 43676 0 78500 0 13341 0 811256 0 0 0 Thomas Nedell SVP Finance and Treasurer 621405 0 0 0 286174 0 66000 0 73436 0 1047015 0 225000 0 Jim Bean Sr. Advisor (Until 12/20) 572437 0 0 0 82854 0 28500 0 15832 0 699623 0 0 0 Kenneth W Henderson Chancellor and SVP Learning 505986 0 0 24742 0 28500 0 94472 0 653700 0 0 0 Alessandro Vespignani Sternberg Family Dist. Profess 346027 0 0 0 230509 0 28500 0 28373 0 633409 0 0 0 Hugh Courtney Professor 260566 0 0 0 19822 0 28195 0 42617 0 351200 0 0 0 Sundar Kumarasamy VP - Enrollment Management 346083 0 0 0 8742 0 28500 0 105066 0 488391 0 0 0 Jack Reynolds Assc.Dean Bouv,Dean&Prof Phar 208372 0 0 0 36674 0 25208 0 27986 0 298240 0 0 0 Mary Loeffelholz Dean - CPS (Until 3/15/21) 357280 0 0 11485 0 28500 0 15017 0 412282 0 0 0 Raj Echambadi DUNTON FAMILY DEANSHIP 553047 0 0 0 29452 0 28500 0 31902 0 642901 0 0 0 Fernando Suarez Jean C Tempel Chair & Group Ch 303297 0 0 246608 0 28500 0 28348 0 606753 0 0 0 Jacqueline Isaacs Interim Dean - COE(Until 2/21) 186919 0 0 0 308215 0 28500 0 2735 0 526369 0 0 0 Carmen Sceppa Dean - Bouv Health Sciences 360837 0 0 0 11022 0 28500 0 28487 0 428846 0 0 0 Alexandros Makriyannis George D. Behrakis Chair 397356 0 0 0 192072 0 28500 0 4865 0 622793 0 0 0 William Coen Head Coach Men's Basketball 571605 0 0 0 32113 0 28500 0 29133 0 661351 0 0 0 David Luzzi Sr Vice Provost - Research 328026 0 0 0 256764 0 28500 0 30610 0 643900 0 0 0 SCHEDULE J, PART I, LINE 1 THE UNIVERSITY WILL APPROVE FIRST CLASS AIR TRAVEL, IF BUSINESS CLASS IS NOT AVAILABLE, FOR THE PRESIDENT AS APPROPRIATE. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. THE PRESIDENT HAS AUTHORITY TO APPROVE FIRST CLASS TRAVEL IF NECESSARY IN CERTAIN CIRCUMSTANCES FOR INDIVIDUALS LISTED IN SCHEDULE J, PART II. ONE OFFICER USED SUCH ACCOMMODATIONS FOR BUSINESS PURPOSES DURING THE YEAR ENDED DECEMBER 31, 2020. THE PRESIDENT'S SPOUSE TRAVELS ON OCCASION WITH THE PRESIDENT WHEN NECESSARY FOR BUSINESS PURPOSES AND UPON APPROVAL OF THE CHAIRMAN OF THE BOARD. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. HOUSING IS PROVIDED FOR THE PRESIDENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER AND IS NOT INCLUDED IN TAXABLE WAGES. SOCIAL CLUB DUES ARE PROVIDED FOR THE PRESIDENT. USE OF THE SOCIAL CLUB IS FOR BUSINESS PURPOSES ONLY AND DUES ARE NOT INCLUDED IN TAXABLE WAGES. SCHEDULE J, PART I, LINE 4B & LINE 7 CERTAIN INDIVIDUALS PARTICIPATED IN LONG TERM INCENTIVE PLANS UNDER WHICH A DEFERRED PAYMENT IS AWARDED CONTINGENT ON CONTINUED EMPLOYMENT WITH THE UNIVERSITY UNTIL THE DATE THE PLAN BECOMES PAYABLE AND THE ACHIEVEMENT OF CERTAIN CRITICAL UNIVERSITY GOALS. AMOUNTS ACCRUED BUT NOT PAID IN THE YEAR ARE REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN C AS DEFERRED COMPENSATION. INDIVIDUALS WHO RECEIVED PAYMENTS UNDER LONG TERM INCENTIVE PLANS ARE LISTED BELOW. A PORTION OF EACH PAYMENT REFLECTED BELOW WAS REPORTED ON PRIOR YEARS' FORMS 990, SCHEDULE J, PART II, COLUMN C AS DEFERRED COMPENSATION. THOMAS NEDELL - $250,000 SCHEDULE J, PART I, LINE 8 CERTAIN AMOUNTS REPORTED IN FORM 990, PART VII, WERE PAID OR ACCRUED PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGULATIONS SECTION 53.4958-4(A)(3). FIXED PAYMENTS WERE PAID TO OR ACCRUED FOR DAVID MADIGAN IN 2020. A MASS HEALTH AND EDUCATION FACILITIES AUTHORITY 042456011 57586C2Z7 2008-05-22 448215138 SEE PART VI false false false B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57586EF71 2014-02-20 69700000 Reissuance of Series T-3 (2008) false false false C Massachusetts Health and Education Facilities Auth 042456011 57586ETL5 2010-03-25 266921019 See Part VI false false false D Massachusetts Development Finance Agency 043431814 57583USR0 2012-09-13 58405024 SEE PART VI false false false A 321315000 0 448360796 0 0 0 879021 0 0 0 447481775 0 true false true true B 2725000 0 69700000 0 0 0 0 0 0 0 69700000 0 true false true true C 93780000 144305000 266921019 0 0 0 1281074 0 0 0 265639945 0 true false true true D 0 0 58405026 0 0 0 430026 0 0 0 57975000 0 true false true true A false true true true false false 0.04100 0.00000 0.04100 false false false true B false true true true false false 0.04100 0.00000 0.04100 false false false true C false false true true false false 0 false false false true D false true true true false false 0.00600 0.00000 0.00600 false false false true A false false true true false false 0 false 0 false true B false false true true true false 0 false 0 false true C false false true true false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true SET 1 BONDS - COLUMN A PART I (F): THE BONDS CURRENT REFUND THE SERIES L, ISSUED JANUARY 16, 2001, THE SERIES N, ISSUED JANUARY 15, 2003,THE SERIES O, ISSUED FEBRUARY 10, 2005, AND THE SERIES P, ISSUED JULY 10, 2007. PART II, LINE 1: CONSISTED OF THE CURRENT REFUNDING OF SERIES Q BY THE SERIES 2010, THE CURRENT REFUNDING OF SERIES S BY THE SERIES 2012, AND THE SERIES T-3 LIBOR REISSUANCE. PART II, LINE 3: AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. PART II, LINE 13: PROCEEDS OF THE BONDS WERE ISSUED FOR THE PURPOSE OF CURRENT REFUNDING; THEREFORE, THE PROJECT PERIOD IS NOT APPLICABLE FOR THIS BOND ISSUE. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2B: THE CURRENT REFUNDING PORTION OF THE BONDS HAS QUALIFIED FOR THE 6-MONTHS EXCEPTION TO REBATE. PART IV, LINE 2C: ARBITRAGE REBATE REPORT WAS COMPLETED ON JUNE 30, 2018. COLUMN B: PART I (F): REISSUANCE OF SERIES T-3 (2008) PART II, LINE 13: PROCEEDS OF THE BONDS WERE ISSUED FOR THE PURPOSE OF CURRENT REFUNDING; THEREFORE, THE PROJECT PERIOD IS NOT APPLICABLE FOR THIS BOND ISSUE. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. PART IV, LINE 2(C): THE TENTH YEAR REBATE REPORT, WAS PREPARED BY AMTEC DATED JULY 16, 2018. COLUMN C: PART I(F): THE BONDS CURRENTLY REFUNDED SERIES 1999L (ISSUED ON MAY 26, 1999), SERIES 2008Q BONDS (ISSUED ON MAY 28, 2008), SERIES 2008U BONDS (ISSUED ON JULY 31, 2008), AND SERIES 2008W BONDS (ISSUED ON DECEMBER 17,2008). PART II, LINE 13: PROCEEDS OF THE BONDS WERE ISSUED FOR THE PURPOSE OF CURRENT REFUNDING; THEREFORE, THE PROJECT IS NOT ALLOCABLE FOR THIS BOND ISSUE. PART III: THE BONDS WERE USED TO REFUND BONDS ISSUED BEFORE JANUARY 1, 2003, AND BONDS ISSUED AFTER JANUARY 1, 2003, WITH THE PURPOSE OF REFUNDING BONDS THAT WERE ISSUED BEFORE JANUARY 1, 2003. AS SUCH, THE ISSUER HAS NOT COMPLETED PART III. PART IV, lINE 2(B): BOND PROCEEDS USED FOR CURRENT REFUNDING HAS MET THE 6-MONTH EXPENDITURE EXCEPTION. PART IV, LINE 2(C): THE MOST RECENT REBATE REPORT WAS PREPARED BY AMTEC, DATED JULY 16, 2018. COLUMN D: PART I (F): THE BONDS CURRENTLY REFUNDED SERIES S BONDS (ISSUED ON MAY 22, 2008). Difference between Part I(e) and Part II, Line 3 is due to interest earnings on bond proceeds. PART II, LINE 13: PROCEEDS OF THE BONDS WERE ISSUED FOR THE PURPOSE OF CURRENT REFUNDING; THEREFORE, THE PROJECT PERIOD IS NOT ALLOCABLE FOR THIS BOND ISSUE. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. PART IV, LINE 2(C): THE FIFTH YEAR REBATE REPORT, DATED JULY 11, 2017, WAS PREPARED BY AMTEC. SET 2 BONDS - COLUMN A Part I (f): To finance capital projects. Difference between Part I(e) and Part II, Line 3 is due to interest earnings on bond proceeds. Part III, Line 7: As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, Line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, Line 6, is not in excess of amounts permitted under Section 145 of the Code. PART IV, LINE 2(C): Arbitrage rebate report completed on June 30, 2020. Column B: Part I (f): The Bonds current refund Series R, issued May 22, 2008. Part II, Line 13: Proceeds of the Bonds were issued for the purpose of current refunding; therefore, the project period is not applicable for this bond issue. Part III, Line 7: As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, Line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, Line 6, is not in excess of amounts permitted under Section 145 of the Code. Part IV, Line 2(b): The Bonds have met the requirements of the 6-month exception to rebate. Column C: Part I(f): the bonds current refund a portion of the Series 2010 Bonds issued March 25, 2010. Part II, Line 13: Proceeds of the bonds were issued for the purpose of current refunding; therefore, the project period is not applicable for this bond issue. Part III, line 7: As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private security test with respect to the bonds, as the business use and/or unrelated trade or business reported in Part III, line 6, is not in excess of amounts permitted under Section 145 of the Code. Part IV, Line 2b: The Bonds have met the requirements of the 6-months exception to rebate. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583UA81 2014-01-23 152658416 SEE PART VI false false false B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YKM0 2018-07-25 70266217 SEE PART VI false false false C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YZQ5 2020-06-24 130527757 SEE PART VI false false false A 0 0 153563071 0 0 0 1060902 0 0 152502169 0 0 2017 false false false true B 5965000 0 70266217 0 0 0 491515 0 0 0 69774702 0 true false true true C 0 0 130527756 0 0 0 274914 0 0 0 130250378 2464 true false false true A false true true true true true 0.00000 0.00000 0.00000 false false false true B false true true true false false 0.00000 0.00000 0.00000 false false false true C false true true true false false 0.00000 0.00000 0.00000 false false false true A false false false true false false 0 false 0 false true B false true true false false false 0 false 0 false true C false true true false false false 0 false 0 false true A true B true C true David Madigan Officer HOME LOAN X 2700000 2700000 false true true 2700000 13334 SCHOLARSHIP EDUCATION JACK NEDELL Family Member of Officer 15983 NU EMPLOYEE false X 73 25578187 MARKET VALUE X EQUIPMENT 4 210780 MARKET VALUE false true false SCHEDULE M, PART I, COLUMN (B) NORTHEASTERN UNIVERSITY REPORTED THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 33 NORTHEASTERN UNIVERSITY'S ACCOUNTING POLICY STATES THAT NO REVENUE IS TO BE RECOGNIZED FOR GIFTS IN KIND UNLESS THERE IS AN IDENTIFIABLE USEFUL LIFE OR DETERMINABLE MARKET VALUE. ALL GIFTS IN KIND ARE REVIEWED TO DETERMINE IF THEY MEET EITHER CRITERIA. Mission Statement Form 990, Parts I and III, line 1 To educate students for a life of fulfillment and accomplishment. To create and translate knowledge to meet global and societal needs. This mission inspires members of the University community in whatever they do - as students and scholars, as teachers and researchers, as mentors, as administrators, and as leaders. Northeastern's commitment to this mission is focused in three areas of distinction where the university can have the greatest effect on the lives of students and the wider world: experiential learning, use-inspired research, and global connection and engagement. By concentrating its energy in these areas, Northeastern is best positioned to set priorities, make decisions, and focus resources that allow the institution to achieve its goals as a leader in higher education. Form 990, Part III, Line 4d Other program services consist of: Research, academic support, student services, and other student aid. Form 990, Part VI, Line 1a PURSUANT TO THE BYLAWS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS AUTHORIZED TO ACT WITH THE FULL AUTHORITY OF THE BOARD OF TRUSTEES IN THE MONTHS IN WHICH THE FULL BOARD DOES NOT MEET. All members of the Board of Trustees who are not appointed to serve on the Executive Committee are authorized to serve as alternates to the Executive Committee with full voting authority. The Secretary is authorized to select an alternate whenever a member notifies the Secretary of his or her inability to attend any regular or special meeting of the Executive Committee. A majority of the members of the Executive Committee, including any alternate(s), shall constitute a quorum for any meeting of the Executive Committee. Form 990, Part VI, Line 2 Edward G. Galante Marcy Reed Alan S. McKim BUSINESS RELATIONSHIP Richard A. D'Amore James Pallotta BUSINESS RELATIONSHIP Form 990, Part VI, Line 11B The University's Form 990 review process is a collaborative effort. The core Form 990 and related schedules were reviewed by four committees, including the Audit & Risk Committee, of the Board of Trustees, senior management, an independent compensation consultant and a paid tax preparer. All feedback from the above parties was incorporated in the form. The Form 990 as filed is provided to the full board prior to filing with the IRS. Form 990, Part VI, Line 12c ANNUALLY, THE UNIVERSITY'S COMPLIANCE DEPARTMENT, REPORTING TO SENIOR VICE PRESIDENT AND GENERAL COUNSEL, ELECTRONICALLY DISTRIBUTES THE NORTHEASTERN UNIVERSITY CONFLICT OF INTEREST AND COMMITMENT DISCLOSURE FORM TO FACULTY AND STAFF. THE COMPLETED FORMS ARE REVIEWED BY THE COMPLIANCE DEPARTMENT AND RELEVANT COLLEGE AND ADMINISTRATIVE MANAGEMENT. FOLLOW UP FOR CLARIFICATION IS CARRIED OUT WHERE NECESSARY AND THE APPROPRIATE UNIT DEAN, VICE-PRESIDENT OR DIRECTOR IS RESPONSIBLE FOR REVIEWING THE IDENTIFIED CONFLICTS AND RESOLVING THOSE CONFLICTS APPROPRIATELY. BOTH THE FACULTY AND STAFF CONFLICT OF INTEREST AND COMMITMENT POLICIES ARE ON THE UNIVERSITY'S WEBSITE. A PARALLEL PROCESS IS CARRIED OUT ANNUALLY BY THE OFFICE OF THE BOARD OF TRUSTEES, REPORTING TO THE SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, FOR THE UNIVERSITY'S SENIOR LEADERSHIP AND BOARD OF TRUSTEES. THE POLICY REQUIRES THAT ALL TRUSTEES, OFFICERS AND OTHER MEMBERS OF STANDING COMMITTEES OF THE BOARD ARE REQUIRED TO ADHERE TO A POLICY WHICH REQUIRES DISCLOSURE IN ADVANCE OF ANY CONFLICT; NON-PARTICIPATION IN DECISIONS REGARDING THE POTENTIAL CONFLICT; AND AN ANNUAL REPORTING OF ANY CONFLICTS FOR PERSONAL OR THIRD PARTY INVOLVEMENT. THE SECRETARY REVIEWS EACH DISCLOSURE AND DETERMINES WHETHER THE DISCLOSURE REPRESENTS A CONFLICT THAT IS SUFFICIENTLY MATERIAL THAT IT SHOULD BE BROUGHT TO THE ATTENTION OF THE CONFLICTS OF INTEREST SUBCOMMITTEE. THE CONFLICTS OF INTEREST SUBCOMMITTEE DETERMINES WHETHER ANY DISCLOSED MATTER REFERRED BY THE SECRETARY IS OF SUCH SIGNIFICANCE THAT IT MERITS REVIEW BY THE BOARD. THE UNIVERSITY MAY ENTER INTO AN ARRANGEMENT IN WHICH A COVERED PERSON HAS A CONFLICT IF CERTAIN CRITERIA ARE MET, INCLUDING THE DETERMINATION AT THE APPROPRIATE LEVEL THAT THE ARRANGEMENT IS IMMATERIAL OR THAT THE ARRANGEMENT IS FAIR AND REASONABLE TO THE UNIVERSITY AND IN THE UNIVERSITY'S BEST INTEREST. Form 990, Part VI, Lines 15a & 15b NORTHEASTERN UNIVERSITY FOLLOWS A CAREFULLY DEFINED PROCESS FOR REVIEWING SENIOR EXECUTIVE COMPENSATION LEVELS. DURING 2020, THIS PROCESS INCLUDED THE PRESIDENT AND ALL OFFICERS. OTHER POSITIONS INCLUDING, BUT NOT LIMITED TO, DEANS MAY BE INCLUDED EACH YEAR. THIS PROCESS EMBRACES THE BEST PRACTICES UTILIZED IN THE HIGHER EDUCATION INDUSTRY. IN 2020, A COMPETITIVE PAY ASSESSMENT WAS CONDUCTED BY A THIRD PARTY INDEPENDENT COMPENSATION CONSULTING FIRM, USING MULTIPLE MARKET REFERENCES, INCLUDING SURVEYS REPRESENTING SIMILAR UNIVERSITIES AND OTHER RELEVANT LABOR MARKETS (AS APPLICABLE FOR CERTAIN POSITIONS). THE ASSESSMENT IS BASED ON PEER REFERENCES THAT REFLECT OTHER UNIVERSITIES OF SIMILAR SIZE AND PROMINENCE WITH WHICH NORTHEASTERN COMPETES FOR EXECUTIVE TALENT. THE INDEPENDENT CONSULTANT ALSO PROVIDED ADDITIONAL PROPRIETARY COMPENSATION MARKET DATA AND AN ASSESSMENT OF THE REASONABLENESS OF THE DATA. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD OF TRUSTEES, ALSO SERVING AS THE CHAIR of this committee, ALONG WITH FOUR OTHER INDEPENDENT TRUSTEES. THIS COMMITTEE HAS CONTINUED TO ENGAGE WILLIS TOWERS WATSON AS ITS INDEPENDENT COMPENSATION CONSULTANT, WITH THE EXPECTATION THAT ITS PROCESSES AND PROCEDURES WOULD CONTINUE TO EVOLVE TO REFLECT EMERGING BEST PRACTICES. THE COMPETITIVE PAY ASSESSMENT AND INDEPENDENT CONSULTANT REVIEW WERE PROVIDED TO THE PRESIDENT FOR HIS USE IN MAKING SALARY AND BONUS RECOMMENDATIONS TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR THE POSITIONS INCLUDED IN THE PROCESS, EXCLUDING HIS OWN. THE PRESIDENT'S RECOMMENDATIONS TO THE COMPENSATION COMMITTEE TAKE INTO CONSIDERATION THE MARKET INFORMATION, AS WELL AS THE RESULTS OF A FORMAL ANNUAL PERFORMANCE ASSESSMENT PROCESS BASED ON PRE-DETERMINED GOALS AND OBJECTIVES. THE COMPENSATION COMMITTEE REVIEWED THE COMPETITIVE INFORMATION AND THE RESULTS OF THE PERFORMANCE ASSESSMENT PROCESS PRESENTED BY THE PRESIDENT, DISCUSSED POTENTIAL CHANGES, AND VOTED TO APPROVE THE FINAL RECOMMENDATIONS, WHICH WERE THEN PRESENTED TO THE FULL BOARD OF TRUSTEES. THE BOARD ALSO VOTED TO APPROVE THE RECOMMENDATIONS. THESE DISCUSSIONS AND RESULTING APPROVALS ARE DOCUMENTED IN THE MINUTES OF EACH MEETING. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE INDEPENDENT CONSULTANT PROVIDED THE RESULTS OF THE MARKET PAY ASSESSMENT FOR THE PRESIDENT DIRECTLY TO THE COMMITTEE. THE COMMITTEE ALSO CONDUCTED A FORMAL PERFORMANCE ASSESSMENT OF THE PRESIDENT, UTILIZING PRE-DETERMINED GOALS AND OBJECTIVES. THE COMMITTEE THEN DISCUSSED POTENTIAL CHANGES TO THE PRESIDENT'S COMPENSATION BASED ON THE MARKET DATA AND THE RESULTS OF THE PERFORMANCE ASSESSMENT, AND PRESENTED ITS RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. THE BOARD VOTED TO APPROVE THE RECOMMENDATIONS. THESE DISCUSSIONS AND RESULTING APPROVALS ARE DOCUMENTED IN THE MINUTES OF EACH MEETING. Form 990, Part VI, Line 19 Original hard copy Financial Statements and Governing documents are available upon request. The Conflict of interest policy and the annual financial statements are available via the internet at www.northeastern.edu. FORM 990, PART VII, COLUMN (A) HUGH COURTNEY, PROFESSOR, IS LISTED AS "FORMER" DUE TO PREVIOUSLY SERVING AS DEAN - DMSB. JACK REYNOLDS, ASSOCIATE DEAN & PROFESSOR OF PHARMACY, IS LISTED AS "FORMER" DUE TO PREVIOUSLY SERVING AS DEAN - BOUVE. JIM BEAN, SENIOR ADVISOR, IS LISTED AS "FORMER" DUE TO PREVIOUSLY SERVING AS PROVOST & SVP ACADEMIC AFFAIRS. Form 990, Part VII, Column (B) 40 hours constitutes a full-time equivalent employee at Northeastern University. 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