2021-05-17T16:00:21-05:00 2020-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2019-07-01 042452884 NEWBURY COLLEGE INC NEWB 6177307000 1309 BEACON STREET SUITE 300 BROOKLINE MA 02446 JOYCE HANLON CHIEF TRANSITION OFFICER 6177307000 2021-05-17 1 STEVEN J COHEN P00747146 6174711120 2021-05-17 2019 2022-09-23 18:48:47Z JOYCE HANLON 1309 BEACON STREET SUITE 300 BROOKLINE MA 02446 34308631 0 X WWW.NEWBURY.EDU X 1968 MA NEWBURY COLLEGE ENGAGED STUDENTS IN A CAREER-FOCUSED EDUCATION, GROUNDED IN THE LIBERAL ARTS, WITHIN A DIVERSE AND DYNAMIC LEARNING COMMUNITY.THE COLLEGE MENTORED STUDENTS TO BECOME PROFESSIONALLY COMPETENT, ETHICALLY AWARE, SOCIALLY RESPONSIBLE, AND PREPARED FOR LIFELONG LEARNING.COMMITTED TO PERSONALIZED AND EXPERIENCE-BASED TEACHING, NEWBURY COLLEGE INSPIRED STUDENTS TO BECOME INDEPENDENT THINKERS, VALUABLE COLLABORATORS, AND GLOBAL MINDED CITIZENS. X 3 3 202 0 0 0 549970 0 22888446 0 -40535 20568720 -16441 6241 23381440 20574961 11070256 0 0 0 6269346 2961780 0 0 0 13558307 3303312 30897909 6265092 -7516469 14309869 13948014 11250921 17781631 774669 -3833617 10476252 X NEWBURY COLLEGE WAS A CHALLENGING UNDERGRADUATE EXPERIENCE DESIGNED TO ENGAGE STUDENTS IN A CAREER-FOCUSED EDUCATION. WHETHER THE GOAL WAS CHOOSING THE RIGHT MAJOR, TRAINING FOR A SPECIFIC PROFESSION, OR PREPARING FOR GRADUATE SCHOOL, NEWBURY MENTORED STUDENTS TO BE SUCCESSFUL IN THEIR CHOSEN CAREER. WITH SMALL CLASSES, FACULTY ENCOURAGE DEBATE AND DISCUSSION IN A LIBERAL ARTS TRADITION THAT STRENGTHENED PROBLEM SOLVING AND CRITICAL THINKING ABILITY. 0 1 1515156 COSTS RELATED TO WINDING DOWN ACADEMIC SERVICES TO STUDENTS 1515156 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 2 0 202 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOYCE HANLON CHIEF TRANSITION OFFICER 6177307000 1309 BEACON STREET SUITE 300 BROOKLINE MA 02446 B NEAL HARRIS III PHD VICE CHAIR 1.00 X X 0 0 0 MARGARET WINSLOW CHAIR 1.00 X X 0 0 0 RAYMOND WITKOWSKI TRUSTEE 1.00 X X 0 0 0 JOYCE HANLON CHIEF TRANSITION OFFICER 37.50 X 347548 0 197 JESSICA GOLDBERG CONTROLLER 37.50 X 128176 0 197 CHARLES HAGGERTY MANAGING DIRECTOR OF IT 37.50 X 121733 0 197 JOSEPH L CHILLO LPD FORMER PRESIDENT 37.50 X 779382 0 6543 LYSA TEAL FORMER VP OF ADMIN AND FINANCE 37.50 X 174617 0 197 PAUL MARTIN FORMER VP & CHIEF OF STAFF 37.50 X 298450 0 2147 1849906 0 9478 6 1 1 0 ARAMARK CORPORATION 525 MONROE STREET CHICAGO IL 60661 CULINARY MANAGEMENT 2273698 LONGWOOD SECURITY SERVICES 429 NEWBURY STREET BOSTON MA 02115 SECURITY SERVICES 609098 EAB (ROYALL & CO) 1920E PARHAM RD RICHMOND VA 23228 MARKETING SERVICES 478414 ARAMARK HIGHER ED FACILITIES 525 MONROE STREET CHICAGO IL 60661 FACILITIES MANAGEMENT 335889 FRED C CHURCH 41 WELLMAN ST LOWELL MA 01851 INSURANCE 244409 5 2390 2390 34300000 13733670 20566330 20566330 20566330 OTHER REVENUE 611710 6241 6241 6241 20574961 0 0 20574961 1035891 1035891 1508413 957630 550783 180873 173747 7126 236603 64701 171902 563246 563246 46977 46977 241294 145362 95932 230873 230873 223514 139813 83701 7556 7556 621556 621556 528466 528466 458322 458322 SETTLEMENTS 274446 274446 MISCELLANEOUS 38434 259 38175 SUPPLIES 32774 32774 STUDENT SERVICES 17796 17796 18058 15848 2210 6265092 1515156 4749936 0 776784 11250921 116441 0 204306 0 0 0 12631648 0 218835 0 13948014 11250921 4453463 74748 4875236 0 8427266 25666 699921 17781631 774669 X -3873908 10476252 40291 0 -3833617 10476252 13948014 11250921 14309869 0 X 0 0 0 X 0 574354 574354 549250 25104 574354 494226 55024 549250 495220 -994 494226 0.00000 0.00000 0.00000 0 ACCRUED LIQUIDATION COSTS 699921 699921 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWBURY COLLEGE, A NON-PROFIT ORGANIZATION EXEMPT FROM STATE AND FEDERAL TAXES, ADMITS STUDENTS OF ANY AGE, RACE, COLOR, SEXUAL ORIENTATION AND NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE COLLEGE. IT DOES NOT DISCRIMINATE ON THE BASIS OF AGE, RACE, COLOR SEX, SEXUAL ORIENTATION, RELIGION OR CREED, NATIONAL OR ETHNIC ORIGIN, OR NON DISQUALIFYING HANDICAP IN THE ADMINISTRATION AND LOAN PROGRAMS, ATHLETIC AND OTHER COLLEGE ADMINISTERED PROGRAMS, AND IN ITS EMPLOYMENT POLICIES. ANY INQUIRES OR GRIEVANCES CONCERNING THESE REGULATIONS MAY BE DIRECTED TO THE VICE PRESIDENT OF FINANCE, NEWBURY COLLEGE, 1309 BEACON STREET BROOKLINE, MA 02446, (617) 730-7000 AND/OR DIRECTOR OF THE OFFICE OF CIVIL RIGHTS, US DEPARTMENT OF EDUCATION. 1 X X X 0 0 0 0 0 0 0 0 0 JOYCE HANLON CHIEF TRANSITION OFFICER 262548 0 0 0 85000 0 0 0 197 0 347745 0 0 0 JOSEPH L CHILLO LPD FORMER PRESIDENT 454382 0 0 0 325000 0 0 0 6543 0 785925 0 0 0 LYSA TEAL FORMER VP OF ADMIN AND FINANCE 89617 0 0 0 85000 0 0 0 197 0 174814 0 0 0 PAUL MARTIN FORMER VP & CHIEF OF STAFF 175950 0 0 0 122500 0 0 0 2147 0 300597 0 0 0 MARGARET WINSLOW BOARD MEMBER 500000 THE FUNDS WERE PROVIDED TO THE COLLEGE IN 2018 AND PAID BACK IN SEPTEMBER 2019. INTEREST PAID ON LOAN TO MARGARET WINSLOW: $9,907 0 COLLEGE LAND AND BUILDINGS 2019-09-19 34300000 PROCEEDS RECEIVED FROM UNRELATED BUYER WELLTOWER TRS HOLDING COMPANY 110 FISHER AVE BROOKLINE MA 02446 0 0 0 0 PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: NEWBURY COLLEGE CEASED ACADEMIC OPERATIONS ON MAY 12, 2019. THE COLLEGE CONTRACTED WITH A REAL ESTATE BROKER TO ASSIST IN THE SELLING OF THE LAND AND BUILDING. THE LAND AND BUILDING WERE SOLD TO AN UNRELATED THIRD PARTY DURING FISCAL YEAR 2020. FORM 990, PART III, LINE 3 ON DECEMBER 7, 2018, THE BOARD OF TRUSTEES VOTED TO CEASE ACADEMIC OPERATIONS AT THE COMPLETION OF THE 2018-2019 ACADEMIC YEAR. MAY 12, 2019 WAS THE COLLEGE'S OFFICIAL LAST DAY OF CLASSES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW THE 990 FOR ACCURACY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT NEWBURY IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD SHALL REVIEW AND APPROVE THE COMPENSATION POLICIES AND PROGRAMS OF PRINCIPAL ADMINISTRATORS. THE POLICY OF THE COLLEGE IS TO PROVIDE DIRECT COMPENSATION PROGRAMS THAT REFLECT THE RELATIVE SIZE AND TYPE OF EDUCATION CURRICULUM OF THE COLLEGE IN THE SEGMENT OF HIGHER EDUCATION INSTITUTIONS OF WHICH IT IS A PART AND WHICH ACCOMPLISH THE COLLEGE'S MISSION AND TAX-EXEMPT PURPOSE WITHOUT CAUSING ANY PART OF THE COLLEGE'S NET EARNINGS TO ENSURE TO THE PRIVATE BENEFIT OF AN INDIVIDUAL OR GROUP OF INDIVIDUALS. THE COMMITTEE WILL ACCOMPLISH THIS POLICY IN THE FOLLOWING MANNER: - DETERMINE THE RELEVANT MARKET DATA FOR THE PRINCIPAL ADMINISTRATOR POSITION IT REVIEWS BY OBTAINING RELIABLE AND COMPARABLE DATA FROM PUBLISHED SURVEYS OF BOTH TAX-EXEMPT AND FOR-PROFIT ORGANIZATIONS FOCUSING ON DATA FROM COMPARABLY ORGANIZED INSTITUTIONS WITH SIMILARLY SIZED BUDGETS. - DEVELOP A TARGET BASE PAY RANGE BUILT OFF THE MEDIAN OF THE MARKET DATA. - SET BASE SALARY BY CONSIDERING BOTH MARKET DATA AND EACH INDIVIDUAL'S BACKGROUND EXPERIENCES, SKILLS, AND MERITORIOUS CONTRIBUTION. - SET SALARY INCREASE REASSESSMENTS BASED ON EXTERNAL EQUITY, INTERNAL EQUITY, AND/OR MERIT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVALIABLE TO THE PUBLIC UPON REQUEST.