2019-04-13T10:34:33-05:00 2018-06-30 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2017-07-01 043250289 THE NATIONAL GRADUATE SCHOOL OF QUALITY MANAGEMENT INC NATI 5084571313 PO BOX 488 WEST FALMOUTH MA 02574 DR ROBERT ANTONUCCI INTERIM PRESIDENT 9788331397 2019-04-09 1 FRANK T ARDITO CPA P00028884 6176968900 173.14.170.162 2019-04-09 09:08:15 ED P 9D77D5089F6CFDFA10E33FA204CA8B8BB51CC565 72CBAA6867F3B8CBFA74E79870E7E1757DF31845 2017 2019-02-21 02:37:17Z X DR ROBERT ANTONUCCI PO BOX 488 W FALMOUTH MA 02574 2473686 0 X WWW.NGS.EDU X 1994 MA TO PROVIDE A COMPREHENSIVE ADVANCED EDUCATION TO INDIVIDUALS IN TOTAL QUALITY MANAGEMENT. X 3 2 69 6 0 0 2254 565 2594360 1231934 132 654778 0 0 2596746 1887277 0 0 0 0 1565867 970048 0 0 0 1044311 810079 2610178 1780127 -13432 107150 1932255 751845 1737950 450390 194305 301455 X TO PROVIDE A COMPREHENSIVE ADVANCED EDUCATION TO INDIVIDUALS SEEKING A BECHELOR'S DEGREE, MASTER'S DEGREE AND DOCTORATE IN QUALITY SYSTEMS MANAGEMENT AND HOMELAND SECURITY. 0 1 884261 1231934 TO 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. 884261 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 18 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X X THE CORPORATION 5084571313 PO BOX 488 WEST FALMOUTH MA 02574 DR ROBERT ANTONUCCI CHAIRMAN 30.00 X X 113435 0 0 MARK J LOWENSTEIN VICE CHAIRMAN 5.00 X 0 0 0 DANA S ASHWORTH JR TREASURER 2.00 X 0 0 0 BRIAN J CARROLL DIRECTOR 2.00 X 0 0 0 DR JEROME C WEBER DIRECTOR 2.00 X 0 0 0 LLOYD BARKER DIRECTOR 2.00 X 0 0 0 PAULLETTE DI ANGI DIRECTOR 2.00 X 0 0 0 JOHN ALANSO EMPLOYEE 30.00 X 109515 0 16000 EILEEN SULLIVAN EMPLOYEE 30.00 X 102221 0 1056 325171 0 17056 3 0 0 0 0 565 565 TUITION INCOME 611710 1157037 1157037 OTHER INCOME 611710 74897 74897 1231934 187 187 1241000 586409 654591 654591 654591 1887277 1886525 0 187 858581 690356 168225 41852 28878 12974 69615 55975 13640 92087 92087 3414 3414 68443 68443 35507 35507 141677 82173 59504 46507 12261 34246 732 732 29620 29620 21745 21745 74288 74288 LIQUIDATION EXPENSES 227111 227111 OTHER EXPENSES 33917 33917 SUBSCRIPTIONS & FEES 21145 21145 EVENTS & GRADUATIONS 7183 7183 6703 6703 1780127 884261 895866 0 428245 559067 105334 105456 643527 87322 51765 0 0 0 558691 0 144693 0 1932255 751845 132413 302825 564833 0 1040704 0 0 147565 1737950 450390 X 194305 301455 194305 301455 1932255 751845 107150 0 X X 0 1 X 1 0 X 0 LIQUIDATION EXPENSE ACCRUALS 147565 147565 1887277 0 1887277 0 1887277 1780127 0 1780127 0 1780127 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 BROCHURES AND MATERIALS CONTAIN POLICY SUMMARY. X X 0 0 0 0 0 0 0 0 0 EDUCATIONAL PROGRAMS AND CURCILLIA 2018-02-01 243000 OUTSTANDNIG OFFERS 203020510 NEW ENGLAND COLLEGE OF BUSINESS AND FINANCE LLC 10 HIGH STREET 204 BOSTON MA 02110 LIMITED LIABILITY COMPANY PROPERTY AND EQUIPMENT 2018-01-31 998000 APPRAISAL 832342092 OCB FALMOUTH AND FRAMINGHAM REAL ESTATE LLC 50 STANFORD ST SUITE 600 BOSTON MA 02114 LIMITED LIABILITY COMPANY 1 0 0 0 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. FORM 990, PART III, LINE 3 ON 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 4 DUE 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 11B THE 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 12C THIS IS PROVIDED TO ALL BOARD OF DIRECTORS AND OFFICERS TO REVIEW AND PROVIDE INFORMATION ON ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE 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 19 THESE 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.