2019-05-09T14:05:03-05:00 2018-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2017-07-01 042108376 Western New England University % RICHARD A WAGNER WEST 4137821288 1215 Wilbraham Road Springfield MA 01119 RICHARD WAGNER VP FIN AND ADMIN 4137821288 2019-05-08 true SHYAMALEE JOSEPH P01085371 6179981000 167.68.102.5 06014420191295000013 2019-05-09 P D5CA8DC0D154A2211533C0E8A95B7462358EE88C 072F242B0F8FA55BC44C4BBFD6D81B3F0B7E1C92 2017 2019-02-21 02:37:17Z Anthony Caprio 1215 Wilbraham Road Springfield MA 01119 171539457 false X WWW.WNE.EDU X 1951 MA THE UNIVERSITY IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY, AND LAW. 35 32 2708 936 0 11511 9981476 5572164 142946102 145774812 2319344 6699500 876384 966821 156123306 159013297 44863822 47546340 0 0 72159310 72361193 20896 13725 1186557 38352978 37881302 155397006 157802560 726300 1210737 236589814 250964674 109672256 124351576 126917558 126613098 X SEE SCHEDULE O false false 95008299 41673907 95394049 THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE MORE THAN 2,700 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 37 STATES, U.S. VIRGIN ISLANDS, BERMUDA, AND 25 FOREIGN COUNTRIES. STUDENTS ARE OFFERED AN OPPORTUNITY TO STUDY IN MORE THAN 50 UNDERGRADUATE PROGRAMS. 27939914 5872433 28418005 IN ADDITION TO A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS A NUMBER OF GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. THE UNIVERSITY ALSO OFFERS PH.D PROGRAMS IN BEHAVIORAL ANALYSIS AND ENGINEERING MANAGEMENT AND A DOCTORAL PROGRAM IN OCCUPATIONAL THERAPY. 17583176 22572071 THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES AND PROFESSIONAL STUDENTS THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 1,700 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. 140531389 true true false false false false false false true true true true false false true true true false true false true false true false true false false false true true true false false false false false false false false true false true true false false false true true false false true 212 0 true 2708 true true true false false false false true true false false false false X 35 32 false false false false false false false true true false false true true true true true true true true false MA X X RICHARD A WAGNER 4137821288 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 X PHILIP C BEAUDRY TRUSTEE 1.0 0.0 X 0 0 0 NEVILLE S BOGLE TRUSTEE 1.0 0.0 X 0 0 0 JOHN J BRENNAN TRUSTEE 1.0 0.0 X 0 0 0 RHEO BROUILLARD TRUSTEE 1.0 0.0 X 0 0 0 JANET J BULLARD TRUSTEE 1.0 0.0 X 0 0 0 THOMAS R BURTON TRUSTEE 1.0 0.0 X 0 0 0 DR ANTHONY S CAPRIO PRESIDENT 40.0 0.0 X X 636138 0 38024 CARMEL A CARAMAGNA TRUSTEE 1.0 0.0 X 0 0 0 RICHARD M CASSATA TRUSTEE 1.0 0.0 X 0 0 0 ROBERT W CLARKE SECRETARY 1.0 0.0 X X 0 0 0 NORMA L COLACCINO TRUSTEE 1.0 0.0 X 0 0 0 ALEXANDER M CORL TRUSTEE 1.0 0.0 X 0 0 0 KEVIN S DELBRIDGE TRUSTEE 1.0 0.0 X 0 0 0 ROCCO J FALCONE II TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J FLYNN TRUSTEE 1.0 0.0 X 0 0 0 DENIS G GAGNON TRUSTEE 1.0 0.0 X 0 0 0 MARSHALL A HART TRUSTEE 1.0 0.0 X 0 0 0 ANDREW T HENSHON TRUSTEE 1.0 0.0 X 0 0 0 DIANA H HORAN TRUSTEE 1.0 0.0 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.0 0.0 X 0 0 0 STANLEY KOWALSKI III TRUSTEE 1.0 0.0 X 0 0 0 DR BARBARA A LENK TRUSTEE 1.0 0.0 X 0 0 0 AMY B LEWIS TRUSTEE 1.0 0.0 X 0 0 0 DENNIS M LIND TRUSTEE 1.0 0.0 X 0 0 0 MAURA C MCCAFFREY TRUSTEE 1.0 0.0 X 0 0 0 DR CARMEN GUEVARA NEUBERGER TRUSTEE 1.0 0.0 X 0 0 0 KENNETH M RICKSON VICE CHAIRMAN 1.0 0.0 X X 0 0 0 STEPHEN J ROURKE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT E SALAD TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL A SERAFINO CHAIRMAN 1.0 0.0 X X 0 0 0 KATHLEEN A SHEA TREASURER 1.0 0.0 X X 0 0 0 PETER STEINGRABER TRUSTEE 1.0 0.0 X 0 0 0 GARY F THOMAS TRUSTEE 1.0 0.0 X 0 0 0 ALLISON P WERDER TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN A WHITE TRUSTEE 1.0 0.0 X 0 0 0 DR LINDA E JONES VP FOR ACADEMIC AFFAIRS 40.0 0.0 X 226301 0 27259 WILLIAM J KELLEHER VP FIN & ADMIN(THRU 9/1/2017) 40.0 0.0 X 227073 0 31029 RICHARD A WAGNER VP FIN & ADMIN(AS OF 9/2/2017) 40.0 0.0 X 151405 0 27658 ERIC J GOUVIN DEAN, SCHOOL OF LAW 40.0 0.0 X 250384 0 36941 FREDERICK D ROYAL ASSOC. DEAN LLM, PROF. OF LAW 40.0 0.0 X 254839 0 29310 S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERNG 40.0 0.0 X 225958 0 34642 ROBERT E KLEINE DEAN, COLLEGE OF BUSINESS 40.0 0.0 X 220212 0 33675 EVAN T ROBINSON DEAN, COLLEGE OF PHARMACY AND 40.0 0.0 X 230397 0 36033 2422707 0 294571 128 false true false ELLUCIAN 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 ERP IMPLEMENTATION 1682605 FONTAINE BROS INC 510 COTTAGE STREET SPRINGFIELD MA 01119 GENERAL CONTRACTOR 1614549 TESSIER ASSOCIATES INC 1500 MAIN ST PO BOX 15169 SPRINGFIELD MA 011155169 ARCHITECTS 621824 SPARK451 INC 865 MERRICK AVE STE 451 WESTBURY NY 11590 MULTI-CHANNEL ADVTS. 468382 COLLINS ELECTRIC 53 SECOND AVE CHICOPEE MA 01020 ELECTRICAL CNTRCTR 390737 28 65933 1200907 4305324 26396 5572164 TUITION AND FEES 611710 122469586 122469586 AUXILLIARY SALES AND SERVICES 611710 22572071 22572071 INTEREST ON STUDENT LOAN 611710 167314 167314 SPONSORED RESEARCH 611710 565841 565841 145774812 755635 755635 0 43602 43602 39792 39792 0 39792 39792 18422401 12478536 5943865 5943865 5943865 59194 65933 47624 11570 11570 0 0 0 0 0 0 0 0 STUDENT FUNDRAISING INCOME 611710 438713 438713 EVENTS REGISTRATION 611710 29619 29619 COMMISSIONS 611710 18055 18055 385470 140981 244489 871857 159013297 146384125 7057008 0 46640498 46640498 905842 905842 0 1291029 254596 972031 64402 127196 127196 52027877 44817396 6555662 654819 3709411 3137037 522457 49917 11229209 9269318 1783841 176050 3976471 3362888 560072 53511 0 128031 128031 168150 168150 0 13725 13725 224726 224726 6614857 6050094 542578 22185 1169253 482615 642488 44150 4518040 4100950 372647 44443 87677 49524 38153 0 3874284 3621131 253153 1966274 1845353 106147 14774 0 2042069 1791691 235098 15280 3772112 3566652 205460 0 8255134 7520264 733803 1067 511042 111457 399585 MAINTENANCE AND REPAIRS 2243264 1298512 944752 NON-CAPITALIZED EQUIPMENT 479233 433047 16883 29303 MEMBERSHIP AND DUES 248992 149108 96953 2931 NON-CAPITALIZED IMPROVEMENTS 172525 164961 7564 1405639 831259 574380 157802560 140531389 16084614 1186557 0 0 8552975 2756157 5530697 5358029 1720448 1689519 0 0 0 0 4774617 4672795 38323 45188 3513274 3032840 283782972 126721810 133975146 157061162 55108764 44675733 22288874 23564829 0 0 0 0 1086696 8108422 236589814 250964674 11821152 8026460 2962162 2762507 8827089 9311341 83202043 101119722 2226693 2286710 0 0 0 0 0 0 633117 844836 109672256 124351576 X 90769362 88841364 12059168 12037569 24089028 25734165 126917558 126613098 236589814 250964674 X 1210737 -135196 -1380001 X false true X true true true X false true X 50581333 366117 4546097 2366321 24872 164310 52938044 45636232 555601 6896001 2317466 32186 156849 50581333 48878892 1322868 -2217819 2144344 47165 156200 45636232 48467806 857437 1815121 2026966 71503 163003 48878892 41624265 1038243 7936231 1895089 67762 168082 48467806 0.46000 0.44000 0.10000 false false 4525765 4525765 235478771 94017787 141460984 40884536 32704023 8180513 2893900 2893900 157061162 HEDGE FUNDS 11305577 F INVESTMENTS HELD IN TRUST 831548 F REAL ESTATE FUND 5119666 F LONG/SHORT EQUITY INVESTMENTS 6308038 F 23564829 0 DEPOSITS 554277 CAPITAL LEASE OBLIGATION 290559 844836 X 157273374 -135196 -1380001 -1515197 158788571 224726 224726 159013297 157577834 157577834 224726 224726 157802560 PART IV, LINE 2B AGENCY FUNDS ARE HELD BY THE UNIVERSITY AS A CUSTODIAN OR FISCAL AGENT. FUNDS MAY BE HELD FOR STUDENT OR PARENT BASED ORGANIZATIONS AND ORIGINATE FROM THE COLLECTION OF ACTIVITY FEES, DUES OR FUNDRAISING EFFORTS. THE FUNDS ARE DEPOSITED WITH THE UNIVERSITY FOR SAFEKEEPING AND CAN BE SUBSEQUENTLY USED OR WITHDRAWN BY THE DEPOSITOR UPON THE SUBMISSION OF PROPER AUTHORIZATION AND DOCUMENTATION. EXPENDITURES FROM THE FUND PRIMARILY SUPPORT STUDENT CLUBS AND ACTIVITIES. EACH AGENCY FUND EXISTS AS A UNIQUE COST CENTER WITHIN THE UNIVERSITY'S FINANCIAL SYSTEM AND PROVIDES A METHOD FOR ACCOUNTING FOR AND ADMINISTERING THESE FUNDS. PART V, LINE 4 THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO CLARIFY, IN WRITING, ANY AMBIGUITY ON GIFTS TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. APPROXIMATELY 46% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. THE MAJORITY OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD-APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER ROLLING AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2018 WAS 4.745%. PART X, LINE 2 IN NOVEMBER 1956, THE UNIVERSITY WAS GRANTED EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D OTHER AMOUNTS INCLUDED ON FINANCIAL STATEMENTS BUT NOT ON FORM 990 CHANGE IN SPLIT INTEREST AGREEMENTS $34,840 LOSS ON EXTINGUISHMENT OF DEBT $(1,414,841) _____________ TOTAL $(1,380,001) true true true true true true true false false false false false false false false true false true PART I, LINE 3 WESTERN NEW ENGLAND UNIVERSITY'S NONDISCRIMINATION POLICY IS SPECIFICALLY STATED IN THEIR BY-LAWS AND IS INCLUDED IN ALL PRINTED MATERIALS. PART I, LINE 6 GOVERNMENT AID FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSISTS OF US DEPARTMENT OF EDUCATION FINANCIAL AID, STATE OF MASSACHUSETTS FINANCIAL AID, AND FEDERAL AND STATE RESEARCH GRANT FUNDS. true Central America and the Caribbean Program Services UNDERGRAD EDUCATION 54792 East Asia and the Pacific Program Services UNDERGRAD EDUCATION 223215 Europe (Including Iceland and Greenland) Program Services UNDERGRAD EDUCATION 1504308 Middle East and North Africa Program Services UNDERGRAD EDUCATION 105081 North America Program Services UNDERGRAD EDUCATION 58051 Russia and the Newly Independent States Program Services UNDERGRAD EDUCATION 76536 South America Program Services UNDERGRAD EDUCATION 32051 South Asia Program Services UNDERGRAD EDUCATION 72459 Sub-Saharan Africa Program Services UNDERGRAD EDUCATION 104493 Central America and the Caribbean Investments 17613615 19844601 19844601 Internal Scholarship Central America and the Caribbean 2 36000 ACCT. CREDIT Internal Scholarship East Asia and the Pacific 9 118000 ACCT. CREDIT Internal Scholarship Europe (Including Iceland and Greenland) 20 437842 ACCT. CREDIT Internal Scholarship Middle East and North Africa 13 104000 ACCT. CREDIT Internal Scholarship North America 4 53000 ACCT. CREDIT Internal Scholarship Russia and the Newly Independent States 1 11000 ACCT. CREDIT Internal Scholarship South America 3 28500 ACCT. CREDIT Internal Scholarship South Asia 6 61000 ACCT. CREDIT INTERNAL SCHOLARSHIP Sub-Saharan Africa 3 56500 ACCT. CREDIT false false true true false false PART I, LINE 2 MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. INSTITUTIONAL FINANCIAL AID GRANTS ARE AWARDED TO FOREIGN STUDENTS CONSISTENT WITH THE UNIVERSITYS FINANCIAL AID POLICIES AND RECRUITMENT TARGETS. ALL FINANCIAL AID GRANTS ARE APPLIED DIRECTLY TO EACH RECIPIENTS STUDENT ACCOUNT. INTERNATIONAL STUDENTS MUST BE IN GOOD STANDING TO RECEIVE AND MAINTAIN THEIR AWARDS ACCORDING TO THE TERMS, CONDITIONS AND ELIGIBILITY REQUIREMENTS ASSOCIATED WITH EACH AWARD. FINANCIAL AID ACTIVITY IS POSTED TO STUDENT ACCOUNTS AND THE GENERAL LEDGER VIA A FINANCIAL AID TRANSMITTAL PROCESS. FINANCIAL AID, STUDENT ACCOUNTS AND GENERAL LEDGER RECORDS ARE RECONCILED ON AN ONGOING BASIS THROUGH A COLLABORATIVE EFFORT OF STAFF FROM THE FINANCIAL AID OFFICE, BURSARS OFFICE AND CONTROLLERS OFFICE. PART I, LINE 3 EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2018, IN ACCORDANCE WITH US GAAP. ATHL-GOLF TOURN 62860 39100 23760 1750 10115 4550 45 ALUM-GOLF TOUR 42037 17280 24757 4734 8325 6192 516 1 20230 9553 10677 3113 4340 3773 171 125127 65933 59194 9597 22780 14515 732 47624 11570 true COLLEGE WORK STUDY 719 544298 SEOG FEDERAL FINANCIAL AID 107 244709 INTERNAL SCHOLARSHIP 2773 45851491 PART I, LINE 2 MONITOR THE USE OF GRANT FUNDS IN U.S. ALL GRANT FUNDS ARE MONITORED BY AT LEAST TWO DIFFERENT DEPARTMENTS WHICH CREATES CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED ON A MONTHLY BASIS. X X true true X X X X false false false false false false false true false DR ANTHONY S CAPRIO PRESIDENT 565825 0 41300 0 29013 0 24300 0 13724 0 674162 0 0 0 DR LINDA E JONES VP FOR ACADEMIC AFFAIRS 225011 0 0 0 1290 0 20484 0 6775 0 253560 0 0 0 WILLIAM J KELLEHER VP FIN & ADMIN(THRU 9/1/2017) 223710 0 0 0 3363 0 20557 0 10472 0 258102 0 0 0 ERIC J GOUVIN DEAN, SCHOOL OF LAW 249094 0 0 0 1290 0 22936 0 14005 0 287325 0 0 0 FREDERICK D ROYAL ASSOC. DEAN LLM, PROF. OF LAW 251858 0 0 0 2981 0 22857 0 6453 0 284149 0 0 0 RICHARD A WAGNER VP FIN & ADMIN(AS OF 9/2/2017) 149562 0 0 0 1843 0 13934 0 13724 0 179063 0 0 0 S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERNG 224668 0 0 0 1290 0 20918 0 13724 0 260600 0 0 0 ROBERT E KLEINE DEAN, COLLEGE OF BUSINESS 218922 0 0 0 1290 0 19951 0 13724 0 253887 0 0 0 EVAN T ROBINSON DEAN, COLLEGE OF PHARMACY AND 229707 0 0 0 690 0 21309 0 14724 0 266430 0 0 0 SCHEDULE J, PART I, LINES 1A AND 1B BENEFITS THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IS REIMBURSED FOR SNOW REMOVAL AND LAWN CARE. THE PRESIDENT'S HOUSING ALLOWANCE IS INCLUDED IN HIS TAXABLE COMPENSATION. THE PRESIDENT SUBMITS RECEIPTS AND IS REIMBURSED FOR HIS SNOW REMOVAL AND LAWN CARE EXPENSES THROUGH PAYROLL AS A TAXABLE REIMBURSEMENT. THE INFORMATION IS REPORTED TO PAYROLL AND IS ADDED TO HIS COMPENSATION AND TAXED ACCORDINGLY. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES THE SNOW REMOVAL AND LAWN CARE EXPENSE REIMBURSEMENT. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. ALSO THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A MEMBERSHIP TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE INSTITUTION; THUS, THE UNIVERSITY PAYS FOR A MEMBERSHIP AND RELATED EXPENSES TO ONE SOCIAL CLUB. THE MEMBERSHIP AND RELATED EXPENSES ARE FOR USE OF UNIVERSITY BUSINESS ONLY AND ARE PAID THROUGH ACCOUNTS PAYABLE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES ALL EXPENSES RELATING TO THIS. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. SCHEDULE J, PART I, QUESTION 7 ANTHONY S. CAPRIO RECEIVED A BONUS OF $41,300 UNDER THE VARIABLE CASH COMPENSATION PLAN FOR THE PRESIDENT. THE PLAN IS DESIGNED TO RECOGNIZE THE INEQUITY IMPOSED ON HIGHER COMPENSATED INDIVIDUALS AS A RESULT OF THE IRS LIMIT ON QUALIFIED PLANS. THE VARIABLE CASH COMPENSATION CALCULATION IS THE DIFFERENCE BETWEEN BASE COMPENSATION FOR THE PRIOR FISCAL YEAR AND THE CURRENT YEAR IRS COMPENSATION LIMIT IMPOSED UNDER CODE SECTION 401(A)(17). THE RATE APPLIED TO THE DIFFERENCE CALCULATED IS DETERMINED ANNUALLY BY THE UNIVERSITY COMPENSATION SUB-COMMITTEE. THE RATE IS BASED ON PERFORMANCE AND IS NOT TO EXCEED 20%. A MDFA - SERIES 2008 - REISSUED 2012 043431814 2008-05-29 5000000 CONSTRUCTION - LAW SCHOOL ADDIT false false false B MDFA - SERIES 2015 043431814 57584XHE4 2015-12-22 39201607 REFUND ISSUE 10/19/05, NEW DIN HL false false false C MDFA - SERIES 2018 043431814 57584YHJ1 2018-06-20 61551133 REFUND ISSUE 11/9/09, 12/20/11,NEW false false false A 2012287 0 5000000 0 0 0 61819 0 0 4938181 0 0 2008 false false true true B 1010000 0 39201607 0 0 0 462177 0 0 8079556 30659874 0 2017 true false true true C 0 0 61551133 0 0 0 669480 0 0 18032220 42849433 0 2018 true false false true A false false true true false 0 false false false true B false false true true false 0 false false false true C false false true true false 0 false false false false A false true true true false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true PART III, QUESTION 3A FOR BONDS A, ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. PART IV, QUESTION 2C DATE OF REBATE COMPUTATION THE REBATE COMPUTATIONS WERE PERFORMED AS FOLLOWS: MDFA SERIES 2008- REISSUED 2012 - CALCULATION COMPLETED ON 10/30/2017 AND THE 6 MONTH SPENDING EXCEPTION ALSO APPLIES. MDFA SERIES 2015 - INTERIM CALCULATION COMPLETED ON 12/22/2017, NOT DUE UNTIL 12/20/2020. MDFA SERIES 2018 - FIRST INTERIM CALCULATION TO BE PEFORMED 6/20/2019, NOT DUE UNTIL 06/20/2023. Y BOGLE SPOUSE OF TRUSTEE 81959 EMPLOYMENT false J O'SULLIVAN DAUGHTER OF TRUSTEE 45237 EMPLOYMENT false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 5718674 FOOD SERVICE VENDOR false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 167543 BOOKSTORE VENDOR false X 4 4800 EST. RETAIL VALUE X 4 18211 Average Market Value X Fundraising event 1 720 ACTUAL INVOICE X Equipment 2 2133 ACTUAL INVOICE X ATHLETIC EVENT 1 532 ACTUAL INVOICE false true false Form 990, Part I, LINE 7B THE UNIVERSITYS UNRELATED BUSINESS TAXABLE INCOME FOR FISCAL YEAR ENDED JUNE 30, 2018 WAS SOLELY FROM INCOME CREATED UNDER IRC 512(A)(7) RELATED TO QUALIFIED TRANSPORTATION FRINGE BENEFITS. AS SUCH, NO UNRELATED BUSINESS TAXABLE INCOME IS REFLECTED ON FORM 990, PART VIII, STATEMENT OF REVENUE. Form 990, Part III, Line 1 ORGANIZATION'S MISSION STATEMENT WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, AND PHARMACY AND HEALTH SCIENCES, AND SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, ENGINEERING, AND SOCIAL WORK, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM-SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE POSITIONED WELL TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. OUR CORE VALUES: *EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP, UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. *STUDENT-CENTERED LEARNING, PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. *A SENSE OF COMMUNITY, TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. *CULTIVATION OF A PLURALISTIC SOCIETY, CELEBRATING THE DIVERSITY OF OUR COMMUNITY, LOCALLY AND GLOBALLY, AND CREATING A COMMUNITY THAT FOSTERS TOLERANCE, INTEGRITY, ACCOUNTABILITY, CITIZENSHIP, AND SOCIAL RESPONSIBILITY. *INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION, CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREERPREPARATION. *COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE, PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. *STEWARDSHIP OF OUR CAMPUS, CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. OUR VISION FOR APPROACHING OUR SECOND CENTURY: IN 2019 WESTERN NEW ENGLAND UNIVERSITY WILL CELEBRATE ITS CENTENNIAL AS AN INSTITUTION OF HIGHER EDUCATION. OUR FOCUS WILL CONTINUE TO BE ON THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF A DIVERSE AND GLOBAL SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. OUR NEXT DECADE WILL BE MARKED BY A CONTINUED DEDICATION TO EXCELLENCE, VISIONARY THINKING, FLEXIBILITY, AND ENTREPRENEURIAL SPIRIT. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF REGIONAL LEADERSHIP AND NATIONAL RECOGNITION. Form 990, Part VI, Line 11a FORM 990 REVIEW PROCESS THE TRUSTEE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH THE UNIVERSITY'S SECURE ONLINE WEBSITE. THE ENTIRE RETURN IS AVAILABLE THROUGH THE SECURE ONLINE WEBSITE AND THE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS THE RETURN IN AN OPEN FORUM THAT IS VIEWED BY ALL. ONCE THE COMMITTEE REVIEWS THE RETURN TO ENSURE COMPLIANCE WITH FILING REQUIREMENTS, THE FULL BOARD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c CONFLICT OF INTEREST POLICY THE UNIVERSITY ASKS BOTH TRUSTEES AS WELL AS ADMINISTRATIVE EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE TRUSTEES' STATEMENTS ARE REVIEWED BY IN-HOUSE COUNSEL. IF ANY ISSUES AND/OR CONCERNS ARE FOUND, THE IN-HOUSE COUNSEL BRINGS THE MATTER FORWARD, AS APPROPRIATE, TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. EACH YEAR ALL ADMINISTRATIVE STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE FORWARDED TO THE HUMAN RESOURCE DEPARTMENT FOR REVIEW. ANY POTENTIAL CONFLICTS ARE BROUGHT FORWARD AS APPROPRIATE. Form 990, Part VI, Line 15a & 15B COMPENSATION 15A. THE COMPENSATION REVIEW FOR THE PRESIDENT WAS DONE THROUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MET DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE OF THE PREVIOUS YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE ENGAGED A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY WAS ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO PEER INSTITUTIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDED TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE AND IT WAS APPROVED. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALULATION. THE MINUTES OF THE COMPENSATION SUB-COMMITTEE AND EXECUTIVE COMMITTEE ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THESE MINUTES, WITH MOTIONS FOR COMPENSATION PACKAGES, ARE MAILED TO ALL TRUSTEES. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION, THE COMMITTEE RELIED ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B. THE COMPENSATION FOR OFFICER AND KEY EMPLOYEES WAS MOST HEAVILY MEASURED AGAINST PERFORMANCE OF THE INDIVIDUALS AND THE PUBLISHED SALARY DOCUMENTATION FOR THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE DATA OF INSTITUTIONS WITHIN THE SAME CATEGORY AS THE UNIVERSITY. THE PRESIDENT DETERMINES THE INCREASE BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. HE REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. Form 990, Part VI, Line 19 PUBLIC DISCLOSURE THE IRS FORM 990 IS AVAILABLE UPON REQUEST FROM THE UNIVERSITY. IT IS POSTED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS, ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THIS OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990 PART XI, LINE 5 - RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCE CHANGE IN SPLIT INTEREST AGREEMENTS $34,840 LOSS ON EXTINGUISHMENT OF DEBT $(1,414,841) _____________ TOTAL $(1,380,001) CHARITABLE REMAINDER TRUSTS (2) 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 CHARITABLE TR MA NA Trust true false false false false false false false false false false false false false false false false false false false