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THE NATIONAL GRADUATE SCHOOL OF QUALITY: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
THE NATIONAL GRADUATE SCHOOL OF QUALITY (EIN 04-3250289)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-04-13
IRS object ID
201901039349300015
Schema version
2017v2.3
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-04-13T10:34:33-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042513210PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GERALD T REILLY & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1424 ADAMS STREETAddressLine1Txt
CityMILTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02186ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043250289EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NATIONAL GRADUATE SCHOOL OF QUALITYBusinessNameLine1Txt
Business Name Line2MANAGEMENT INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone5084571313PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 488AddressLine1Txt
CityWEST FALMOUTHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02574ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR ROBERT ANTONUCCIPersonNm
Person TitleINTERIM PRESIDENTPersonTitleTxt
Phone9788331397PhoneNum
Signature2019-04-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRANK T ARDITO CPAPreparerPersonNm
PTINP00028884PTIN
Phone6176968900PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address173.14.170.162IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-04-09IPDt
IP Tm09:08:15IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id9D77D5089F6CFDFA10E33FA204CA8B8BB51CC565AtSubmissionCreationDeviceId
At Submission Filing Device Id72CBAA6867F3B8CBFA74E79870E7E1757DF31845AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerDR ROBERT ANTONUCCIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 488AddressLine1Txt
CityW FALMOUTHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02574ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,473,686GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NGS.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1994FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO PROVIDE A COMPREHENSIVE ADVANCED EDUCATION TO INDIVIDUALS IN TOTAL QUALITY MANAGEMENT.ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee69TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,254PYContributionsGrantsAmt
CY Contributions Grants$565CYContributionsGrantsAmt
PY Program Service Revenue$2,594,360PYProgramServiceRevenueAmt
CY Program Service Revenue$1,231,934CYProgramServiceRevenueAmt
PY Investment Income$132PYInvestmentIncomeAmt
CY Investment Income$654,778CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,596,746PYTotalRevenueAmt
CY Total Revenue$1,887,277CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,565,867PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$970,048CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,044,311PYOtherExpensesAmt
CY Other Expenses$810,079CYOtherExpensesAmt
PY Total Expenses$2,610,178PYTotalExpensesAmt
CY Total Expenses$1,780,127CYTotalExpensesAmt
PY Revenues Less Expenses-$13,432PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$107,150CYRevenuesLessExpensesAmt
Total Assets BOY$1,932,255TotalAssetsBOYAmt
Total Assets EOY$751,845TotalAssetsEOYAmt
Total Liabilities BOY$1,737,950TotalLiabilitiesBOYAmt
Total Liabilities EOY$450,390TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$194,305NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$301,455NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE A COMPREHENSIVE ADVANCED EDUCATION TO INDIVIDUALS SEEKING A BECHELOR'S DEGREE, MASTER'S DEGREE AND DOCTORATE IN QUALITY SYSTEMS MANAGEMENT AND HOMELAND SECURITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$884,261ExpenseAmt
Revenue$1,231,934RevenueAmt
DescTO PROVIDE WORKING ADULTS WITH HIGHER-LEVEL KNOWLEDGE AND UNDERSTANDING OF THE CONCEPTS, PRINCIPLES AND TOOLS OF QUALITY-BASED SYSTEMS MANAGEMENT FOR PERFORMANCE EXCELLENCE. TO GRADUATE INDIVIDUALS WITH BEHAVIORAL, ANALYTICAL, CUSTOMER SERVICE, AND LEADERSHIP SKILLS TO ACHIEVE TANGIBLE AND MEASURABLE RESULTS FOR ORGANIZATIONAL PERFORMANCE EXCELLENCE. TO RAISE THE OVERALL UNDERSTANDING OF QUALITY-BASED SYSTEMS MANAGEMENT IN THE PUBLIC AND PRIVATE SECTORS NATIONWIDE. TO DEVELOP PROPONENTS AND EDUCATORS OF QUALITY SYSTEMS MANAGEMENT ABLE TO FURTHER UNDERSTANDING AND APPLICATION OF THE CONCEPTS, PRINCIPLES AND TOOLS.Desc
Total Program Service Expenses$884,261TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial LiquidationYes (1)PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee69EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5084571313PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 488AddressLine1Txt
CityWEST FALMOUTHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02574ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DR ROBERT ANTONUCCI
CHAIRMAN30.00Yes (X)Yes (X)$113,435$0$0
MARK J LOWENSTEIN
VICE CHAIRMAN5.00Yes (X)$0$0$0
DANA S ASHWORTH JR
TREASURER2.00Yes (X)$0$0$0
BRIAN J CARROLL
DIRECTOR2.00Yes (X)$0$0$0
DR JEROME C WEBER
DIRECTOR2.00Yes (X)$0$0$0
LLOYD BARKER
DIRECTOR2.00Yes (X)$0$0$0
PAULLETTE DI ANGI
DIRECTOR2.00Yes (X)$0$0$0
JOHN ALANSO
EMPLOYEE30.00$109,515$0$16,000Yes (X)
EILEEN SULLIVAN
EMPLOYEE30.00$102,221$0$1,056Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$325,171TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$17,056TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$565AllOtherContributionsAmt
Total Contributions$565TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION INCOME611710$1,157,037$1,157,037
OTHER INCOME611710$74,897$74,897
FieldValueIRS element (for citing)
Total Program Service Revenue$1,231,934TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$187TotalRevenueColumnAmt
Exclusion$187ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$1,241,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$586,409OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$654,591OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$654,591TotalRevenueColumnAmt
Related Or Exempt Func Income$654,591RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,887,277TotalRevenueColumnAmt
Related Or Exempt Func Income$1,886,525RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$187ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$858,581TotalAmt
Program Services$690,356ProgramServicesAmt
Management And General$168,225ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$41,852TotalAmt
Program Services$28,878ProgramServicesAmt
Management And General$12,974ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$69,615TotalAmt
Program Services$55,975ProgramServicesAmt
Management And General$13,640ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$92,087TotalAmt
Management And General$92,087ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,414TotalAmt
Management And General$3,414ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$68,443TotalAmt
Management And General$68,443ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,507TotalAmt
Management And General$35,507ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$141,677TotalAmt
Program Services$82,173ProgramServicesAmt
Management And General$59,504ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$46,507TotalAmt
Program Services$12,261ProgramServicesAmt
Management And General$34,246ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$732TotalAmt
Program Services$732ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$29,620TotalAmt
Management And General$29,620ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$21,745TotalAmt
Management And General$21,745ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$74,288TotalAmt
Management And General$74,288ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
LIQUIDATION EXPENSES$227,111$227,111
OTHER EXPENSES$33,917$33,917
SUBSCRIPTIONS & FEES$21,145$21,145
EVENTS & GRADUATIONS$7,183$7,183

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$6,703TotalAmt
Program Services$6,703ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,780,127TotalAmt
Program Services$884,261ProgramServicesAmt
Management And General$895,866ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$428,245BOYAmt
EOY$559,067EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$105,334BOYAmt
EOY$105,456EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$643,527BOYAmt
EOY$87,322EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$51,765BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$558,691BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$144,693BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,932,255BOYAmt
EOY$751,845EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$132,413BOYAmt
EOY$302,825EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$564,833BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,040,704BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$147,565EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,737,950BOYAmt
EOY$450,390EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$194,305BOYAmt
EOY$301,455EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$194,305BOYAmt
EOY$301,455EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,932,255BOYAmt
EOY$751,845EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$107,150ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLIQUIDATION EXPENSE ACCRUALSDesc
Amt$147,565Amt
FieldValueIRS element (for citing)
Total Liability$147,565TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$1,887,277TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,887,277RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,887,277TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,780,127TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,780,127ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,780,127TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationBROCHURES AND MATERIALS CONTAIN POLICY SUMMARY.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Schedule N IRS990ScheduleN

Disposition Of Assets Detail DispositionOfAssetsDetail (2 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtMethod Of FMV DeterminationMethodOfFMVDeterminationTxtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxt
NEW ENGLAND COLLEGE OF BUSINESS AND FINANCE LLC
EDUCATIONAL PROGRAMS AND CURCILLIA2018-02-01$243,000OUTSTANDNIG OFFERS20302051010 HIGH STREET 204BOSTONMA02110LIMITED LIABILITY COMPANY
OCB FALMOUTH AND FRAMINGHAM REAL ESTATE LLC
PROPERTY AND EQUIPMENT2018-01-31$998,000APPRAISAL83234209250 STANFORD ST SUITE 600BOSTONMA02114LIMITED LIABILITY COMPANY
FieldValueIRS element (for citing)
Director Of Successor2Yes (1)DirectorOfSuccessor2Ind
Employee Of Successor20EmployeeOfSuccessor2Ind
Owner Of Successor20OwnerOfSuccessor2Ind
Receive Compensation20ReceiveCompensation2Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 2E:PERSON(S) INVOLVED: ROBERT ANTONUCCI
PART II, LINE 2E:EXPLANATION OF INVOLVEMENT: UPON THE TRANSFER OF THE STUDENTS AND CURCILLA ROBERT ANTONUCCI, THE INTERIM PRESIDENT OF THE ORGANIZATION, OBTAINED A SEAT ON THE BOARD OF DIRECTORS OF THE ACUIRING ENTITY, A FOR-PROFIT INSTITUTION OF HIGHER EDUCATION. THIS SEAT WAS PROVIDED TO MR. ANTONUCCI TO ENSURE THE BEST INTEREST OF THE ORGANIZATIONS FORMER STUDENTS WERE BEING CONSIDERED BY THE ACQUIRING ENTITY IN THE DECISION MAKING PROCESS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

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FORM 990, PART III, LINE 3ON AUGUST 9, 2017 THE BOARD OF TRUSTEES APPROVED AND THE SCHOOL ENTERED INTO AN AGREEMET TO SELL ITS EDUCATIONAL PROGRAMS AND RELATED CURRICULUM AND THE SCHOOL COMMENCED LIQUIDATION SHORTLY THEREAFTER. THE SCHOOL CONTINUED TO OPERATE THE EDUCATION PROGRAMS THROUGH JANUARY 31, 2018 AT WHICH TIME THE TRANSFER OF THE PROGRAMS AND RELATED STUDENTS TO THE ACQUIRER BEGAN. THE TRANSFER OF THE LAST PROGRAM, DOCTOR OF BUSINESS ADMINISTRATION PROGRAM, OCCURED ON APRIL 1, 2018.
FORM 990, PART VI, SECTION A, LINE 4DUE TO THE ORGANIZATION COMMENCING LIQUDIATION, UPON THE SALE OF THE CIRCULLA THE ORGANIZATION'S BY-LAWS WERE AMENDED TO REDUCE THE NUMBER OF BOARD MEMBERS FROM SEVEN TO THREE. THESE THREE BOARD MEMBERS WILL REMAIN INTACT UNTIL FINAL DISSOLUTION OF THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S PRESIDENT AND CHIEF FINANCIAL OFFICER REVIEW AND APPROVE THE RETURN PRIOR TO BEING FILED AND THE COMPLETED RETURN IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AFTER FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHIS IS PROVIDED TO ALL BOARD OF DIRECTORS AND OFFICERS TO REVIEW AND PROVIDE INFORMATION ON ANY CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15ATHE ORGANIZATION'S BOARD OF DIRECTORS DETERMINES THE COMPENSATION AMOUNT INCLUDING ANY BONUSES BASED ON AN EXISTING EMPLOYMENT AGREEMENT.
FORM 990, PART VI, SECTION C, LINE 19THESE DOCUMENTS ARE AVAILABLE UPON REQUEST OR THROUGH VARIOUS WEBSITES AVAILABLE TO THE PUBLIC.
FORM 990, PART XII, LINE 1:DUE TO THE SIGNING OF THE ASSET PURCHASE AGREEMENT ON AUGUST 9, 2017, IN WHICH THE SCHOOL AGREED TO SELL THE EDUCATIONAL PROGRAMS AND RELATED CURCILLA AND TRANSFER ALL ENROLLED STUDENTS TO ANOTHER INSTITUTION OF HIGHER EDUCATION THE BOARD OF TRUSTEES DETERMINED THAT THE LIQUIDATION OF THE ORGANIZATION HAD BECOME IMMINENT. ACCORDINGLY AS REQUIRED UB US GAAP AT THAT TIME THE LIQUIDAITON BASIS OF ACCOUNTING WAS ADOPTED BY THE SCHOOL. THE LIQUIDATION BASIS OF ACCOUNTING WAS EFFECTIVELY IMPLEMENTED ON JULY 1, 2017.
FORM 990, PART XII, LINE 2C:THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY THE AUDIT COMMITTEE HAS NOT CHANGED.

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