HUSSON UNIVERSITY: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- HUSSON UNIVERSITY (EIN 01-0271210)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-05-05
- IRS object ID
- 202111259349300541
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-05T10:36:40-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1100 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 041011100 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010271210 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Husson University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HUSS | BusinessNameControlTxt |
| Phone | 2079417000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Craig Hadley | PersonNm |
| Person Title | VP Finance & Admin, Treasurer | PersonTitleTxt |
| Phone | 2079417000 | PhoneNum |
| Signature | 2021-04-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joseph R Byrne | PreparerPersonNm |
| PTIN | P01289281 | PTIN |
| Phone | 2077752387 | PhoneNum |
| Preparation | 2021-04-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Robert Clark | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $83,227,984 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.husson.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1898 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | Educational Institution | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 1484 | TotalEmployeeCnt |
| Total Volunteers | 28 | TotalVolunteersCnt |
| Total Gross UBI | $229,856 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,030,639 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,520,158 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $68,932,939 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $69,497,882 | CYProgramServiceRevenueAmt |
| PY Investment Income | $802,401 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,155,176 | CYInvestmentIncomeAmt |
| PY Other Revenue | $798,508 | PYOtherRevenueAmt |
| CY Other Revenue | $640,552 | CYOtherRevenueAmt |
| PY Total Revenue | $73,564,487 | PYTotalRevenueAmt |
| CY Total Revenue | $81,813,768 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $16,637,078 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,725,139 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $33,988,178 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $35,444,986 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,292,828 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,043,840 | PYOtherExpensesAmt |
| CY Other Expenses | $18,452,276 | CYOtherExpensesAmt |
| PY Total Expenses | $71,669,096 | PYTotalExpensesAmt |
| CY Total Expenses | $72,622,401 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,895,391 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,191,367 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $128,036,499 | TotalAssetsBOYAmt |
| Total Assets EOY | $142,213,765 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $43,689,527 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $50,883,064 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,346,972 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $91,330,701 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $56,021,421 | ExpenseAmt |
| Grant | $18,725,139 | GrantAmt |
| Revenue | $59,284,183 | RevenueAmt |
| Desc | 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 2019 IPEDS Data, approximately 2,870 undergraduate and 870 graduate students currently are enrolled at Husson University. Husson offers 39 degree programs at the undergraduate and graduate level. Approximately 74% of the Husson student body comes from Maine, 47% of all students are Pell eligible, and 32% 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 1,400 students and graduates more MBAs than any other institution in the state. The University's nursing program, with an enrollment of over 475 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,118,904 | ExpenseAmt |
| Revenue | $10,213,699 | RevenueAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $65,140,325 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 223 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1484 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Craig Hadley | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2079417000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One College Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| John M Rohman | |||||||||
| Chair | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Daniel R Hutchins | |||||||||
| Vice Chair | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Earl C Black | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John P Boucher | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Brock R Bradford | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan A Carlisle | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Daniel B Coffey | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Joseph H Cyr | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Edward O Darling | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kris A Doody | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Jaclyn Fish | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Arthur D Fuller | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Ross Y Furman | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Emma Gordan | |||||||||
| Student Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Philip E Harriman | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kenneth A Hews | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kelli L Theriault Hutchins | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Deborah Carey Johnson | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Bradley Libby | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Ruth B Purtilo | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert J Ronan | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| W Tom Sawyer Jr | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Irving Schneider | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Thomas E Stone Jr | |||||||||
| Faculty Trustee | 1.00 | 0.00 | Yes (X) | $61,546 | $0 | $36,114 | |||
| Richard C Trott Jr | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Randal L Wadleigh | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Betsy M Webb | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Tracey Whitten | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael E Williamson | |||||||||
| Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Cameron Clark | |||||||||
| Past Student Trustee | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Robert A Clark | |||||||||
| President | 40.00 | 0.00 | Yes (X) | Yes (X) | $327,004 | $0 | $120,447 | ||
| Craig Hadley | |||||||||
| VP Finance & Admin/Treasurer | 40.00 | 0.00 | Yes (X) | $172,624 | $0 | $29,181 | |||
| Lynne Coy-Ogan | |||||||||
| Provost | 40.00 | 0.00 | $178,872 | $0 | $13,277 | Yes (X) | |||
| Rhonda Waskiewicz | |||||||||
| Dean, College of Health and Pharmacy | 40.00 | 0.00 | $196,998 | $0 | $12,738 | Yes (X) | |||
| Marie Hankinson | |||||||||
| Dean, College of Business and NESCom | 40.00 | 0.00 | $166,689 | $0 | $22,556 | Yes (X) | |||
| Sarah Robinson | |||||||||
| Vice President of Advancement | 40.00 | 0.00 | $152,045 | $0 | $39,327 | Yes (X) | |||
| William Lindblad | |||||||||
| Professor of Pharmacology | 40.00 | 0.00 | $148,069 | $0 | $22,151 | Yes (X) | |||
| Conrad Dhing | |||||||||
| Assistant Dean School of Pharmacy | 40.00 | 0.00 | $133,329 | $0 | $19,491 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,537,176 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $315,282 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 27 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Nickerson & O'Day Inc | |||||
| PO Box 911 | Bangor | ME | 04401 | Construction Services | $2,798,619 |
| Wiley Edu LLC | |||||
| 1415 West 22nd St Suite 8 | Oak Brook | IL | 60523 | On-Line Learning | $538,765 |
| Decibel Media LLC | |||||
| 10 City Square | Boston | MA | 02129 | Advertising | $455,025 |
| Maine Earth | |||||
| 283 Western Avenue | Hampden | ME | 04444 | Construction Services | $400,594 |
| Harriman Associates | |||||
| 46 Harriman Dr | Auburn | ME | 04274 | Architecture, Engineering and Planning | $296,438 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $15,454 | FundraisingAmt |
| Government Grants | $2,958,746 | GovernmentGrantsAmt |
| All Other Contributions | $7,545,958 | AllOtherContributionsAmt |
| Noncash Contributions | $32,702 | NoncashContributionsAmt |
| Total Contributions | $10,520,158 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Tuition and Fees | 611710 | $59,284,183 | $59,284,183 | |
| Auxiliary Services | 611710 | $9,978,533 | $9,958,354 | $20,179 |
| Summer and Sports Camps | 721000 | $235,166 | $90,982 | $144,184 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $69,497,882 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $627,380 | TotalRevenueColumnAmt |
| Exclusion | $627,380 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $320,265 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $211,154 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $109,111 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $109,111 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $65,493 | UnrelatedBusinessRevenueAmt |
| Exclusion | $43,618 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,718,732 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,190,936 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $527,796 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $527,796 | TotalRevenueColumnAmt |
| Exclusion | $527,796 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $12,126 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $15,454 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $12,126 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Misc Student Revenue | 900099 | $175,107 | $175,107 |
| Bookstore Commission | 611710 | $141,950 | $141,950 |
| Other Revenue | 900099 | $140,358 | $140,358 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $74,026 | TotalRevenueColumnAmt |
| Exclusion | $74,026 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $531,441 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,813,768 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $69,333,519 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $229,856 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,730,235 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,725,139 | TotalAmt |
| Program Services | $18,725,139 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $949,297 | TotalAmt |
| Program Services | $97,763 | ProgramServicesAmt |
| Management And General | $851,534 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,283,589 | TotalAmt |
| Program Services | $24,642,617 | ProgramServicesAmt |
| Management And General | $1,848,431 | ManagementAndGeneralAmt |
| Fundraising | $792,541 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,111,786 | TotalAmt |
| Program Services | $934,396 | ProgramServicesAmt |
| Management And General | $141,633 | ManagementAndGeneralAmt |
| Fundraising | $35,757 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,100,916 | TotalAmt |
| Program Services | $3,770,277 | ProgramServicesAmt |
| Management And General | $235,438 | ManagementAndGeneralAmt |
| Fundraising | $95,201 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,999,398 | TotalAmt |
| Program Services | $1,730,801 | ProgramServicesAmt |
| Management And General | $218,215 | ManagementAndGeneralAmt |
| Fundraising | $50,382 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,609 | TotalAmt |
| Management And General | $64,609 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,353 | TotalAmt |
| Management And General | $39,353 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,871 | TotalAmt |
| Management And General | $74,871 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,428,203 | TotalAmt |
| Program Services | $2,872,559 | ProgramServicesAmt |
| Management And General | $1,473,762 | ManagementAndGeneralAmt |
| Fundraising | $81,882 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,302,673 | TotalAmt |
| Program Services | $1,092,333 | ProgramServicesAmt |
| Management And General | $98,124 | ManagementAndGeneralAmt |
| Fundraising | $112,216 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,769,786 | TotalAmt |
| Program Services | $1,648,211 | ProgramServicesAmt |
| Management And General | $114,583 | ManagementAndGeneralAmt |
| Fundraising | $6,992 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,175,823 | TotalAmt |
| Program Services | $1,072,482 | ProgramServicesAmt |
| Management And General | $43,684 | ManagementAndGeneralAmt |
| Fundraising | $59,657 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,309 | TotalAmt |
| Program Services | $107,965 | ProgramServicesAmt |
| Management And General | $3,749 | ManagementAndGeneralAmt |
| Fundraising | $2,595 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $742,074 | TotalAmt |
| Program Services | $727,601 | ProgramServicesAmt |
| Management And General | $13,541 | ManagementAndGeneralAmt |
| Fundraising | $932 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,696,080 | TotalAmt |
| Program Services | $5,348,296 | ProgramServicesAmt |
| Management And General | $309,837 | ManagementAndGeneralAmt |
| Fundraising | $37,947 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,576 | TotalAmt |
| Management And General | $168,576 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Materials & Supplies | $2,564,235 | $2,349,009 | $198,500 | $16,726 |
| Miscellaneous Expense | $230,202 | $20,876 | $209,326 | |
| Licenses and Membership | $81,482 | $81,482 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,622,401 | TotalAmt |
| Program Services | $65,140,325 | ProgramServicesAmt |
| Management And General | $6,189,248 | ManagementAndGeneralAmt |
| Fundraising | $1,292,828 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,046,858 | BOYAmt |
| EOY | $514,031 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,304,779 | BOYAmt |
| EOY | $26,070,300 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,828,033 | BOYAmt |
| EOY | $6,037,701 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,504,385 | BOYAmt |
| EOY | $1,162,404 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,823 | BOYAmt |
| EOY | $46,767 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,567 | BOYAmt |
| EOY | $37,823 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $724,708 | BOYAmt |
| EOY | $669,047 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $132,793,551 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $55,451,194 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,501,037 | BOYAmt |
| EOY | $77,342,357 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,023,309 | BOYAmt |
| EOY | $30,333,335 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,036,499 | BOYAmt |
| EOY | $142,213,765 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,425,710 | BOYAmt |
| EOY | $4,605,420 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,496,676 | BOYAmt |
| EOY | $2,409,553 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,918,084 | BOYAmt |
| EOY | $21,345,904 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,409,570 | BOYAmt |
| EOY | $12,397,993 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,439,487 | BOYAmt |
| EOY | $10,124,194 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,689,527 | BOYAmt |
| EOY | $50,883,064 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,520,160 | BOYAmt |
| EOY | $56,420,444 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,826,812 | BOYAmt |
| EOY | $34,910,257 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,346,972 | BOYAmt |
| EOY | $91,330,701 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,036,499 | BOYAmt |
| EOY | $142,213,765 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $9,191,367 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$47,361 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,160,277 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,037,947 | BeginningYearBalanceAmt |
| Contributions | $464,610 | ContributionsAmt |
| Investment Earnings Or Losses | $412,680 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $666,620 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,248,617 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,551,272 | BeginningYearBalanceAmt |
| Contributions | $535,196 | ContributionsAmt |
| Investment Earnings Or Losses | $1,510,243 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $558,764 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,037,947 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,259,547 | BeginningYearBalanceAmt |
| Contributions | $328,752 | ContributionsAmt |
| Investment Earnings Or Losses | $1,472,017 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $509,044 | GrantsOrScholarshipsAmt |
| End Year Balance | $18,551,272 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,454,960 | BeginningYearBalanceAmt |
| Contributions | $264,056 | ContributionsAmt |
| Investment Earnings Or Losses | $2,008,406 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $467,875 | GrantsOrScholarshipsAmt |
| End Year Balance | $17,259,547 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,704,223 | BeginningYearBalanceAmt |
| Contributions | $375,426 | ContributionsAmt |
| Investment Earnings Or Losses | -$114,535 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $510,154 | GrantsOrScholarshipsAmt |
| End Year Balance | $15,454,960 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.65000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.35000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,006,166 | OtherCostOrOtherBasisAmt |
| Book Value | $2,006,166 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $92,947,800 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,762,803 | DepreciationAmt |
| Book Value | $60,184,997 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,798,321 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,351,602 | DepreciationAmt |
| Book Value | $6,446,719 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,041,264 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,336,789 | DepreciationAmt |
| Book Value | $8,704,475 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $77,342,357 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Asset Retirement Obligation | $238,608 |
| Capital Lease Obligation | $793,471 |
| Charitable Gift Annuities Payable | $217,291 |
| Fair Value of Interest Rate Swaps | $2,909,824 |
| CARES Act Funding | $5,965,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,124,194 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $61,029,400 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$47,361 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,936,997 | OtherRevenueAmt |
| Revenue Not Reported | -$1,984,358 | RevenueNotReportedAmt |
| Revenue Subtotal | $63,013,758 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $74,871 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $18,725,139 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $18,800,010 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $81,813,768 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $54,045,671 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $223,280 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $223,280 | ExpensesNotReportedAmt |
| Expenses Subtotal | $53,822,391 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $74,871 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $18,725,139 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $18,800,010 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $72,622,401 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2017 to June 30, 2020. |
| Part XI, Line 2d - Other Adjustments: | Rental Expenses 211,154. Special Events Expenses 12,126. Change in Value of Split Interest Agreements 14,800. Change in Value of Interest Rate Swap -2,175,077. |
| Part XI, Line 4b - Other Adjustments: | Scholarships/Aid 18,725,139. |
| Part XII, Line 2d - Other Adjustments: | Rental Expenses 211,154. Special Events Expenses 12,126. |
| Part XII, Line 4b - Other Adjustments: | Scholarships/Aid 18,725,139. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf Events | Event1Nm |
| Gross Receipts Event1 | $27,580 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $15,454 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $12,126 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $9,120 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $280 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $2,726 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $27,580 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $15,454 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $12,126 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $9,120 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $280 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $2,726 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $12,126 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial Aid | GrantTypeTxt |
| Recipient | 3214 | RecipientCnt |
| Non Cash Assistance | $18,725,139 | NonCashAssistanceAmt |
| Valuation Method Used | FMV of Tuition | ValuationMethodUsedDesc |
| Non Cash Assistance | Scholarship Aid | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The university grants scholarships to eligible students and maintains records as to their eligibility and qualifications. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Robert A Clark | ||||||||||||||
| President | $319,793 | $0 | $0 | $0 | $7,211 | $0 | $66,500 | $0 | $53,947 | $0 | $447,451 | $0 | $0 | $0 |
| Craig Hadley | ||||||||||||||
| VP Finance & Admin/Treasurer | $169,906 | $0 | $0 | $0 | $2,718 | $0 | $10,522 | $0 | $18,659 | $0 | $201,805 | $0 | $0 | $0 |
| Lynne Coy-Ogan | ||||||||||||||
| Provost | $178,012 | $0 | $0 | $0 | $860 | $0 | $10,627 | $0 | $2,650 | $0 | $192,149 | $0 | $0 | $0 |
| Rhonda Waskiewicz | ||||||||||||||
| Dean, College of Health and Pharmacy | $193,891 | $0 | $0 | $0 | $3,107 | $0 | $11,696 | $0 | $1,042 | $0 | $209,736 | $0 | $0 | $0 |
| Marie Hankinson | ||||||||||||||
| Dean, College of Business and NESCom | $166,338 | $0 | $0 | $0 | $351 | $0 | $10,262 | $0 | $12,294 | $0 | $189,245 | $0 | $0 | $0 |
| Sarah Robinson | ||||||||||||||
| Vice President of Advancement | $150,619 | $0 | $0 | $0 | $1,426 | $0 | $9,778 | $0 | $29,549 | $0 | $191,372 | $0 | $0 | $0 |
| William Lindblad | ||||||||||||||
| Professor of Pharmacology | $144,683 | $0 | $0 | $0 | $3,386 | $0 | $8,753 | $0 | $13,398 | $0 | $170,220 | $0 | $0 | $0 |
| Conrad Dhing | ||||||||||||||
| Assistant Dean School of Pharmacy | $132,716 | $0 | $0 | $0 | $613 | $0 | $8,154 | $0 | $11,337 | $0 | $152,820 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1b | The Board of Trustees assesed 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 2019 contribution was $50,000. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd | Bond Issuer EINBondIssuerEIN |
|---|---|---|---|---|---|---|---|
| City of Westbrook | |||||||
| A | 2013-09-30 | $3,280,000 | Purchasing Campus Building | 0 | 0 | 0 | |
| Finance Authority of Maine | |||||||
| B | 2016-06-27 | $4,200,000 | Dormitory Renovations/Turf Field Replacement: 1 College Circle, Bangor, ME | 0 | 0 | 0 | 010392006 |
| Finance Authority of Maine | |||||||
| C | 2017-02-14 | $10,300,000 | Townhouse Building and Dormitory Renovations | 0 | 0 | 0 | 010392006 |
| Finance Authority of Maine | |||||||
| D | 2019-05-15 | $4,000,000 | Wellness Learning Center | 0 | 0 | 0 | 010392006 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt |
|---|---|---|---|---|---|---|---|---|
| A | $1,220,616 | $3,280,000 | $3,280,000 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $583,864 | $4,200,000 | $4,174,552 | 0 | 0 | Yes (1) | Yes (1) | $25,448 |
| C | $485,062 | $10,300,000 | $10,211,758 | 0 | 0 | Yes (1) | Yes (1) | $88,242 |
| D | $58,781 | $4,000,000 | $3,922,219 | 0 | 0 | Yes (1) | Yes (1) | $77,781 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K Supplental Information | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Maine Health & Higher Education Facilities | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 010314384 | BondIssuerEIN |
| Bond Issued | 2020-06-30 | BondIssuedDt |
| Issue Price | $1,914,227 | IssuePriceAmt |
| Purpose | REFI MHHEFA Series 2010B | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | Yes (1) | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $825,493 | RetiredAmt |
| Total Proceeds | $2,319,715 | TotalProceedsAmt |
| In Reserve Fund | $213,950 | InReserveFundAmt |
| Issuance Costs From Proceeds | $33,172 | IssuanceCostsFromProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | Yes (1) | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cyr Bus Lines | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Entity more than 35% controlled by Joseph Cyr, Board Trustee | RelationshipDescriptionTxt |
| Transaction | $200,283 | TransactionAmt |
| Transaction | Independent Contractor Arrangement | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $32,702 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Stock Market Value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 14,800. Change in Value of Interest Rate Swap -2,175,077. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Husson University Condominiums LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 College Center Circle | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Real Estate Holding | PrimaryActivitiesTxt |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Total Income | $109,111 | TotalIncomeAmt |
| End Of Year Assets | $4,698,575 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Husson University | BusinessNameLine1Txt |
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