2022-05-11T10:16:42-05:00 2021-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2020-07-01 042105777 EASTERN NAZARENE COLLEGE EAST 6177453000 23 EAST ELM AVENUE QUINCY MA 02170 PATRICIA CONSTANTINO CONTROLLER 6177453724 2022-05-10 1 PATRICIA CONSTANTINO 999009999 DAVID A DIIULIS P00303577 6174711120 2022-05-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PATRICIA CONSTANTINO 23 EAST ELM AVENUE QUINCY MA 02170 34948653 0 X WWW.ENC.EDU X 1920 MA SEE SCHEDULE O 33 33 576 0 0 0 2912370 9139975 22827786 20985612 54206 285778 374913 399038 26169275 30810403 9983191 8701023 0 0 12274225 10726756 0 0 892929 8455466 8869578 30712882 28297357 -4543607 2513046 41259818 46152111 20924095 21377349 20335723 24774762 X THE MISSION OF EASTERN NAZARENE COLLEGE IS TO SERVE GOD, THE CHURCH, AND THE WORLD BY PROVIDING A QUALITY LIBERAL ARTS EDUCATION TO STUDENTS OF ALL AGES. CONSISTENT WITH ITS WESLEYAN HERITAGE, ENC SEEKS TO CREATE AND MAINTAIN AN ENVIRONMENT WHICH AWAKENS AND FOSTERS TRUTH, RIGHTEOUSNESS, JUSTICE AND HOLINESS AS MADE POSSIBLE BY GOD'S TRANSFORMING GRACE THROUGH JESUS CHRIST. 0 0 18434099 8701023 20985610 COLLEGE GRANTS BACHELOR AND MASTER DEGREES TO QUALIFIED CANDIDATES UPON SATISFACTORY COMPLETION OF THEIR PROGRAM REQUIREMENTS. TO ACCOMPLISH THIS PURPOSE, THE COLLEGE ENROLLED 1,300 FULL AND PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS, WITH A VAST MAJORITY OF THESE STUDENTS LIVING IN CAMPUS HOUSING. THE COLLEGE OPERATES A BOOKSTORE AND CAFETERIA FOR THE PRIMARY USE OF THE STUDENTS, FACULTY, AND STAFF. THE COLLEGE OPERATES HOUSING FACILITIES FOR STUDENTS, FACULTY, AND STAFF TO MEET THE EXISTING NEEDS FOR SUCH FACILITIES. 18434099 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 20 0 1 576 1 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X PATRICIA CONSTANTINO CONTROLLER 6177453724 23 EAST ELM AVENUE QUINCY MA 02170 X REV DELMY ALAS-CRUZ TRUSTEE 0.60 X 0 0 0 MS JULIA BAUSMAN TRUSTEE 0.60 X 0 0 0 REV LEON BLAISE TRUSTEE 0.60 X 0 0 0 REV DR DAVID BOWSER TRUSTEE 0.60 X 0 0 0 DR STEVE CHAMBERS TRUSTEE 0.60 X 0 0 0 DR BRIAN CHARETTE TRUSTEE 0.60 X 0 0 0 DR JEFF COOK TRUSTEE 0.60 X 0 0 0 REV DR STEPHEN DILLMAN TRUSTEE 0.60 X 0 0 0 MS BECKY DUNMAN TRUSTEE 0.60 X 0 0 0 DR MELODY ECKARDT CHAIR 0.60 X 0 0 0 REV DAN EDDINGS TRUSTEE 0.60 X 0 0 0 MR G WAYNE ELLIOTT JR TRUSTEE 0.60 X 0 0 0 REV JOHN EVANS TRUSTEE 0.60 X 0 0 0 REV DR PHIL FULLER TRUSTEE 0.60 X 0 0 0 REV DR WENTON FYNE TRUSTEE 0.60 X 0 0 0 MS LEAH GARRETT TRUSTEE 0.60 X 0 0 0 DR HOLLY GUEVARA TRUSTEE 0.60 X 0 0 0 REV JAMES HEYWARD TRUSTEE 0.60 X 0 0 0 REV JIM JACKSON TRUSTEE 0.60 X 0 0 0 MS KRISTEN JOHNSON TRUSTEE 0.60 X 0 0 0 DR DOUG KITCHEN SECRETARY 0.60 X 0 0 0 REV OLIVIA METCALF TRUSTEE 0.60 X 0 0 0 REV DOUG MILNE TRUSTEE 0.60 X 0 0 0 MR ALLEN PAYNE TRUSTEE 0.60 X 0 0 0 DR DICK PRITCHARD TRUSTEE 0.60 X 0 0 0 REV DR MARK PRUGH VICE CHAIR 0.60 X 0 0 0 MS CYNTHIA QUINLAN TRUSTEE 0.60 X 0 0 0 MR JIM REARICK TRUSTEE 0.60 X 0 0 0 REV KEN STANFORD TRUSTEE 0.60 X 0 0 0 MS MARIKAE TOYE TRUSTEE 0.60 X 0 0 0 REV DR SAM VASSEL TRUSTEE 0.60 X 0 0 0 REV KERRY WILLIS TRUSTEE 0.60 X 0 0 0 REV KYUNG YU TRUSTEE 0.60 X 0 0 0 SAMUEL CONNELL PRESIDENT 40.00 X 185832 0 1900 ROBERT MURPHY ASSISTANT PROFESSOR OF BUSINESS 40.00 X 119231 0 18783 305063 0 20683 2 0 0 0 PIONEER COLLEGE CATERERS INC 96TH TERRACE SUITE 204-W LENEXA KS 66215 FOOD SERVICE 824652 SLINGSHOTTREE OF LIFE 1500 W WESTERN AVE MARION IN 46953 DATA SYSTEM SUPPORT 442956 SSC INC 25 CONTROLS DRIVE SHELDON CT 06484 SECURITY 233048 PERFORMANCE SOLUTIONS CONSULTING PO BOX 1882 PORT VEDRA BEACH FL 32004 MARKETING SUPPORT 226689 INFR-RED BLDG & POWER SERVICE PO BOX 243 AVON MA 02322 UTILITY/EXCAVATION SERVICES 187303 9 5626910 3513065 38963 9139975 TUITION AND FEES 900099 16336507 16336507 ROOM AND BOARD 900099 2891986 2891986 AUXILIARY ENTERPRISES 900099 1757119 1757119 20985612 88745 88745 316398 48003 268395 268395 268395 4267757 4070724 197033 197033 197033 10876 19523 -8647 -8647 MISCELLANEOUS REVENUE 900099 139290 139290 139290 30810403 21124902 0 545526 8701023 8701023 8605820 6290891 1941629 373300 2868 2868 1535947 704995 785305 45647 582121 423496 133675 24950 16109 16109 87187 87187 46677 46677 2077662 1279587 793500 4575 836981 396540 49018 391423 1931984 122644 1766959 42381 214991 214991 710448 147689 562759 106231 75575 29542 1114 5719 4580 1139 557854 557854 1387206 1387206 380168 26918 353250 MISCELLANEOUS EXPENSES 420271 260161 150571 9539 SCHOLARSHIPS 90090 90090 28297357 18434099 8970329 892929 3126515 3628056 965535 925848 98926 74681 1411720 4540273 472202 318822 38213 38213 224193 351358 51126798 35547844 16287646 15578954 18427654 20449304 207214 246602 41259818 46152111 2983263 3491133 505712 387168 264643 762710 15135862 14736338 2034615 2000000 20924095 21377349 X 1736219 5540343 18599504 19234419 20335723 24774762 41259818 46152111 2513046 1925993 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18753406 283820 4138524 1778174 74226 1891832 19431518 19545720 391740 1353341 1110114 132053 1295228 18753406 19548765 402755 1867319 1075117 39516 1158486 19545720 18046750 333724 3359146 1038554 39054 1113247 19548765 16965848 455612 2381908 562797 70357 1123464 18046750 0.03520 0.69200 0.27280 0 0 704742 704742 11865960 9468661 2397299 16706715 9233151 7473564 21849381 16846032 5003349 15578954 REAL ESTATE HELD FOR INVESTMENT PURPOSES 14865742 F PUBLIC SECURITIES 1297174 F PRIVATELY HELD SECURITIES 4000 F MUTUAL FUNDS 4270651 F LIMITED PARTNERSHIP 11737 F 20449304 PAYCHECK PROTECTION PROGRAM LOAN 2000000 2000000 X 32755919 1925993 19523 1945516 30810403 0 30810403 28316880 19523 19523 28297357 0 28297357 PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS ARE LARGELY COMPRISED OF SCHOLARSHIP FUNDS. THE GOAL OF THE COLLEGE'S ENDOWMENT SPENDING AND DISTRIBUTION POLICY IS TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT AND PROVIDE PREDICTABLE SUPPORT OF THESE SCHOLARSHIPS, AS WELL AS OPERATIONS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" (MLTN) SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. ALTHOUGH THE COLLEGE IS EXEMPT FROM INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IT MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THE COLLEGE DOES NOT EXPECT ANY MATERIAL CHANGES IN ITS POSITION REGARDING THIS MATTER IN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ALLOCATED TO NET LOSS FROM SALES OF INVENTORY 19,523. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ALLOCATED TO NET LOSS FROM SALES OF INVENTORY 19,523. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN CATALOGS, FINANCIAL AID AND REGISTRATION INFORMATION, MAILINGS, AND EMPLOYEE HANDBOOK. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES CERTAIN FINANCIAL ASSISTANCE FROM GOVERNMENT AGENCIES TO PROVIDE AID TO STUDENTS FOR TUITION, BOOKS, AND OTHER EDUCATIONAL EXPENSES. 1 VARIOUS INSTITUTIONAL SCHOLARSHIPS 676 8701023 FMV PART I, LINE 2: THE COLLEGE FIRST INSPECTS CHARGES TO ENSURE THAT THEY ARE APPROPRIATE AND ALLOWABLE. THIS INCLUDES CHECKING CLERICAL ACCURACY, REVIEWING BALANCES, AND CHECKING COMPLIANCE WTIH APPLICABLE AGENCY AND FEDERAL GUIDELINES. THE COLLEGE ALSO MAKES SURE THAT THE EXPENSE FALLS WITHIN THE REQUIRED CATEGORY AND BUDGETARY AMOUNT. THIS INCLUDES REVIEWING EXPENSE CATEGORIES, REBUDGETING OR TRANSFERRING EXPENSES AS NEEDED, AND DETERMINING IF THE AWARD WILL BE UNDERSPENT AT THE END OF THE BUDGET OR GRANT PERIOD. X X 0 0 0 0 0 0 0 0 0 SAMUEL CONNELL PRESIDENT 160582 0 250 0 25000 0 0 0 0 0 185832 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY REVENUE BONDS SERIES 2014 2014-07-16 23000000 DEBT REFINANCING AND CAPITAL PROJECTS 0 0 0 A 23000000 924096 300385 6803888 14971631 2015 1 0 1 1 A 0 0 0 1 0 0 0 0 0 A 1 X 3 38963 FMV 0 0 0 FORM 990, PART I, LINE 1, ORGANIZATIONS MISSION MISSION: EASTERN NAZARENE COLLEGE PROVIDES A TRANSFORMATIONAL EDUCATION THAT EQUIPS DIVERSE STUDENTS TO LEAD AND SERVE OUR WORLD AS AGENTS OF CHRIST'S LOVE AND TRUTH. VISION: EASTERN NAZARENE COLLEGE WILL BE WIDELY RECOGNIZED AS A LEADER IN INNOVATIVE CHRISTIAN EDUCATION, RENOWNED FOR EXCELLENCE IN STUDENT ACHIEVEMENT, VIBRANT INTERCULTURAL COMMUNITY, AND GLOBAL IMPACT. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO REVIEW AND EXAMINE THE FORM 990 FOR ACCURACY. UPON APPROVAL BY THE CHAIRMAN OF THE BOARD AND THE FINANCE COMMITTEE CHAIRMAN, THIS FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ATTEST ANNUALLY TO THEIR FAMILIARITY WITH THE COLLEGE'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A DELEGATED COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR DELIBERATING AND DECIDING ON AN APPROPRIATE COMPENSATION FOR THE PRESIDENT, VICE-PRESIDENTS, AND OTHER KEY EMPLOYEES. THIS COMMITTEE CONSISTS OF IMPARTIAL DECISION MAKERS; UTILIZES COMPARABILITY DATE; AND DOCUMENTS ALL DECISIONS AND DELIBERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE COLLEGE'S FINANCIAL STATEMENTS ARE REQUIRED TO BE ATTACHED TO THE COLLEGE'S STATE INFORMATIONAL RETURN (I.E. MASSACHUSETTS FORM PC) ON AN ANNUAL BASIS. BOTH THE COLLEGE'S STATE INFORMATIONAL RETURN AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMITTEE ASSUMES OVERSIGHT OF THE AUDIT OF THE COLLEGE'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. EASTERN NAZARENE COLLEGE FOUNDATION 23 EAST ELM AVENUE QUINCY MA 02170 205469178 PROVIDE SUPPORT AND GUIDANCE TO THE COLLEGE MA 501(C)(3) 11A TYPE I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0