2019-05-14T14:19:56-05:00 2018-06-30 043176941 O'BRIEN RILEY & RYAN PC 30 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 990 2017-07-01 042152671 NEW ENGLAND LAWBOSTON NEWE 6174510010 154 STUART STREET BOSTON MA 02116 JOHN F O'BRIEN DEAN 6174510010 2019-05-14 1 DANIEL F O'BRIEN P01258990 7814102300 64.88.174.3 2019-05-14 15:18:50 ED P 96914B1784DBE38128CD77DDD39A98C46367966E 0F4BD5E25A23CA8C26A5DD7942C5C415EC385319 2017 2019-02-21 02:37:17Z JOHN F O'BRIEN 154 STUART STREET BOSTON MA 02116 67502955 0 X WWW.NESL.EDU X 1908 MA EDUCATION OF STUDENTS 17 17 228 0 0 0 327050 316934 27123200 24869293 1056475 1035387 554567 533542 29061292 26755156 11298573 10767999 0 0 14852934 18909847 0 0 609096 5420646 5232606 31572153 34910452 -2510861 -8155296 113102125 108958310 2236816 6512432 110865309 102445878 X NEW ENGLAND LAW/BOSTON DEDICATES ITSELF TO PREPARING STUDENTS TO BE SUCCESSFUL LAWYERS AND LEADERS IN THE PUBLIC AND PRIVATE SECTORS THROUGH INTEGRATED PRACTICAL, THEORETICAL AND ETHICAL EDUCATION OF THE HIGHEST CALIBER AND TO CONTRIBUTING TO THE IMPROVEMENT OF AMERICAN, FOREIGN AND INTERNATIONAL LEGAL SYSTEMS THROUGH PARTICIPATION AND DEBATE OVER FAIRNESS AND EFFICACY OF THOSE SYSTEMS, RESEARCH AND PUBLICATION, PUBLIC SERVICE AND OTHER WORK THAT FURTHERS THE INTEREST OF JUSTICE. 0 0 28650548 10767999 24935789 INSTRUCTION-PRIMARY SERVICES OF NEW ENGLAND LAW | BOSTON IS EDUCATION OF STUDENTS-NUMBER OF STUDENTS ENROLLED 542, NUMBER OF STUDENTS GRADUATED 185 28650548 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 703 0 1 228 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X ANNE MARIE MARTORANA 6174510010 154 STUART STREET BOSTON MA 02116 X FOSTER MARTIN CHAIRMAN 15.00 X X 0 0 0 BALBONI ALBERT TRUSTEE 2.50 X 0 0 0 BROWN PETER HON VICE-PRESIDENT OF THE CORP 2.50 X X 0 0 0 BUDD WAYNE HON TRUSTEE 2.50 X 0 0 0 CARNEY GEORGE TRUSTEE 2.50 X 0 0 0 CASEY WILLIAM SECRETARY/CLERK OF THE COR 2.50 X X 0 0 0 CRAWFORD SUSAN HON TRUSTEE 2.50 X 0 0 0 FLAHERTY PETER HON TRUSTEE 2.50 X 0 0 0 GOLDMAN CURLEY SARA TRUSTEE 2.50 X 0 0 0 LAWTON RICHARD VICE CHAIRMAN OF THE CORP 2.50 X X 0 0 0 LORUSSO JOSEPH TRUSTEE 2.50 X 0 0 0 NOONAN III C BRENDAN TRUSTEE 10.00 X 0 0 0 SPURLING KATHLEEN TRUSTEE 2.50 X 0 0 0 SUCCOFF CARY TRUSTEE 2.50 X 0 0 0 WAYNE JUDITH TRUSTEE 2.50 X 0 0 0 WHEELER DIANA VICE-CHAIRMAN/TREASURER OF 5.00 X X 0 0 0 O'BRIEN JOHN DEAN 70.00 X 657242 0 142123 CALAMARE SUSAN ASSOCIATE DEAN 40.00 X 269673 0 35615 GREENBERG JUDITH ASSOCIATE DEAN 40.00 X 268086 0 54054 ROSATI DAVID CFO 40.00 X 245170 0 52454 ENGLER RUSSELL PROFESSOR 40.00 X 192959 0 45900 MONSERUD GARY PROFESSOR 40.00 X 217968 0 47804 SORENSON CHARLES PROFESSOR 40.00 X 197561 0 47242 MANUS PETER PROFESSOR 40.00 X 184297 0 45877 DUSSAIS ALLISON PROFESSOR 40.00 X 191230 0 46618 2424186 0 517687 43 0 1 0 ARENA ONLINE TOTAL 1780 W SEQUOIA VISTA CIR SALT LAKE CITY UT 84104 PR/MARKETING CONSULTANTS 151977 ROPES & GRAY LLP 800 BOYLSTON ST BOSTON MA 02199 LEGAL SERVICES 122690 BEACON HILL STAFFING GROUP LLC 152 BOWDOING ST BOSTON MA 02108 TEMPORARY LABOR 115571 3 87311 229623 316934 TUITION AND FEES 611710 24869293 24869293 24869293 968891 968891 485000 0 485000 485000 485000 40814295 40747799 66496 66496 66496 MISCELLANEOUS INCOME 611110 48542 48542 48542 26755156 24935789 0 1502433 10767999 10767999 1285408 885615 351793 48000 9480932 7907766 1480940 92226 5652909 3209711 2054803 388395 1834371 1300023 504807 29541 656227 534814 113903 7510 82166 82166 97175 97175 74973 11173 51387 12413 493779 493779 683075 380742 298488 3845 558360 143360 415000 802485 786435 16050 45059 41223 3676 160 30619 23989 6630 1298401 1272433 25968 2994 2994 LIBRARY SERVICES 468060 468060 STUDENT SERVICES 424203 421370 2833 ALUMNI RELATIONS 164201 137195 27006 BAD DEBT 5000 5000 2056 2056 34910452 28650548 5650808 609096 1106 45522 2366911 1416078 221199 241527 131300 135200 793755 614310 518074 468482 44219144 28092205 16948369 16126939 92121411 89910252 113102125 108958310 1045362 5840068 172200 11760 1019254 660604 2236816 6512432 X 107982035 99454821 2640877 2748660 242397 242397 110865309 102445878 113102125 108958310 -8155296 -264135 0 X X 0 1 X 1 1 1 X 185123 X X X SCHOOL WALL FURNISHINGS 0 89842462 74809 704644 3500000 10548 87111367 89125837 72890 644241 506 89842462 87607333 79265 1439239 89125837 73227331 14135361 244641 87607333 71829787 114149 1283395 73227331 0.96550 0.00300 0.03150 0 0 1325454 1325454 19699942 9127146 10572796 10011845 8922545 1089300 13181903 10042514 3139389 16126939 REFUNDABLE US GOVERNMENT STUDENT LOANS 660604 660604 X 15723022 -264135 -264135 15987157 10767999 10767999 26755156 24142453 0 24142453 10767999 10767999 34910452 PART III, LINE 4: PAINTINGS OF THE JUDGES ARE SCHOOL WALL FURNISHINGS AND ARE RECORDED AT COST. PAINTINGS HONOR JUDGES WHO CONTRIBUTED TO THE LEGAL SYSTEM AND TO THE LAW SCHOOL AND ARE AN INSPIRATION TO LAW STUDENTS AND PROFESSORS. PART V, LINE 4: THE SCHOOL'S UNRESTRICTED ENDOWMENT IS AVAILABLE FOR CURRENT PURPOSES, AS AUTHORIZED BY THE BOARD OF TRUSTEES. TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED ENDOWMENT FUNDS WILL BE UTILIZED AND MAINTAINED CONSISTENT WITH THE INTENT OF THE DONORS. IN ACCORDANCE WITH ITS SPENDING POLICY, APPROVED BY THE BOARD OF TRUSTEES, DURING THE YEAR THE SCHOOL AVAILED $3.5 MILLION TO ITS UNRESTRICTED ENDOWMENT TO SUPPORT OPERATIONS. PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, ACCORDINGLY THERE IS NO PROVISION FOR FEDERAL OR STATE TAXES. THE SCHOOL ADMINISTRATION HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. DURING THE YEAR ENDED JUNE 30, 2015 THE IRS COMMENCED AN AUDIT OF THE YEAR ENDED JUNE 30, 2013. IN A LETTER DATED OCTOBER 26, 2015 THE IRS CLOSED THE EXAMINATION AND ACCEPTED THE RETURN AS FILED. THE SCHOOL'S TAX RETURNS GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS INCLUDED IN NET TUITION AND FEES FOR FS PURPOSES 10,767,999. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS INCLUDED IN NET TUITION AND FEES FOR FS PURPOSES 10,767,999. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS A NONDISCRIMINATION POLICY AND IT IS INCLUDED IN ITS BROCHURES, ADVERTISEMENTS AND CATALOGS. THE POLICY NOTICE INCLUDES THE NAME OF THE PERSON DESIGNATED TO HANDLE INQUIRIES REGARDING THE NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE SCHOOL PARTICIPATES IN FEDERAL GOVERNMENT TITLE IV PROGRAMS. THE FOLLOWING LIST IS A LIST OF THE PROGRAMS: FEDERAL STAFFORD LOAN PROGRAMS, FEDERAL PERKINS LOAN PROGRAMS, AND FEDERAL WORK STUDY PROGRAMS EUROPE (INCLUDING ICELAND AND GREENLAND 0 1 CONFERENCE 535 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 SUMMER SCHOOL 80328 0 2 0 0 0 2 80863 0 80863 0 0 0 0 0 0 PART I, LINE 3: THE CONSORTIUM FOR INNOVATIVE LEGAL EDUCATION (CILE) FILES A SEPARATE FORM 990 THAT LISTS THE ACTIVITIES OF THE FOUR PARTICIPATING LAW SCHOOLS. THE SCHOOL MONITORS THE ACTIVITIES OF ITS PARTICULAR PROGRAM AND ANY EXCESS OF REVENUE OVER EXPENSES IS PAID TO THE CONSORTIUM. ANY EXCESS EXPENSES OVER REVENUE ARE REIMBURSED TO THE SCHOOL BY CILE. 1 GRANTS AND SCHOLARSHIPS 382 10678263 CURRENT TUITION RATE TUITION STUDENT FINANCIAL AID OTHER FINANCIAL AID 3 89736 CURRENT TUITION RATE TUITION WAIVER PART I, LINE 2: FEDERAL AND INSTITUTIONAL GRANTS AND SCHOLARSHIPS ARE AWARDED CONSISTENT WITH FEDERAL AND INSTITUTIONAL GUIDELINES. FEDERAL PROGRAMS ARE SUBJECT TO AN ANNUAL INDEPENDENT AUDIT. THE SCHOOL'S FINANCIAL AID OFFICES MONITORS ALL RECIPIENTS OF SCHOLARSHIP AWARDS TO DETERMINE BOTH INITIAL AND CONTINUING ELIGIBILITY BASED UPON THE CRITERIA FOR EACH TYPE OF AWARD. VARIOUS CRITERIA MAY INCLUDE BUT IS NOT LIMITED TO, ACADEMIC PERFORMANCE, FINANCIAL NEED OR OTHER CRITERIA ESTABLISHED BY THE FUNDING SOURCE. X X X 1 0 X X X X X X 0 1 0 0 0 0 0 0 0 O'BRIEN JOHN DEAN 478135 0 0 0 179107 0 115002 0 27121 0 799365 0 0 0 CALAMARE SUSAN ASSOCIATE DEAN 268089 0 0 0 1584 0 26933 0 8682 0 305288 0 0 0 GREENBERG JUDITH ASSOCIATE DEAN 265038 0 0 0 3048 0 26933 0 27121 0 322140 0 0 0 ROSATI DAVID CFO 244138 0 0 0 1032 0 25333 0 27121 0 297624 0 0 0 ENGLER RUSSELL PROFESSOR 191375 0 0 0 1584 0 19652 0 26248 0 238859 0 0 0 MONSERUD GARY PROFESSOR 213024 0 0 0 4944 0 21556 0 26248 0 265772 0 0 0 SORENSON CHARLES PROFESSOR 194513 0 0 0 3048 0 20121 0 27121 0 244803 0 0 0 MANUS PETER PROFESSOR 183265 0 0 0 1032 0 18756 0 27121 0 230174 0 0 0 DUSSAIS ALLISON PROFESSOR 190678 0 0 0 552 0 19497 0 27121 0 237848 0 0 0 PART I, LINE 1A THE DEAN IS PROVIDED TAX GROSS-UP PAYMENTS ON FORGIVEN PRINCIPAL AND IMPUTED INTEREST AMOUNTS ON A LOAN RECEIVABLE, ALL OF WHICH IS TREATED AS TAXABLE INCOME ON FORM W-2. THE DEAN IS PROVIDED A HOUSING ALLOWANCE WHICH IS TREATED AS TAXABLE INCOME ON FORM W-2. PERSONAL SERVICE IS PROVIDED FOR THE DEAN WHICH RELATES TO PERSONAL TAX PREPARATION SERVICES WHICH IS TREATED AS TAXABLE INCOME ON FORM W-2. PART II LINE 1, COLUMN (C): THE DEAN IS PROVIDED AN ADDITIONAL RETIREMENT PLAN TO SUPPLEMENT THE 403(B) AND OTHER RETIREMENT BENEFITS (WHICH ARE REPORTED SEPARTELY ON SCHEDULE J COLUMN (C))AND TO RECOGNIZE THE 30 PLUS YEARS OF DISTINGUISHED SERVICE TO THE SCHOOL. THIS BENEFIT HAS BEEN STRUCTURED SO THAT IT IS TREATED AS HAVING BEEN EARNED OVER THE TERM OF THE DEAN'S SERVICE. UNDER THE PLAN, IF THE DEAN REMAINS IN THE POSITION AGREED BETWEEN THE DEAN AND THE BOARD UNTIL JUNE 30, 2020, THE DEAN IS ELIGIBLE TO RECEIVE A BENEFIT APPROXIMATELY EQUAL TO AN ANNUAL PAYMENT FOR LIFE OF 64% OF HIS FINAL THREE YEAR AVERAGE BASE PAY, OFFSET BY CERTAIN OTHER RETIREMENT BENEFITS PROVIDED BY THE SCHOOL. THE BENEFIT IS SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. FOR CALENDAR YEAR 2017, THE VALUE OF THE ANNUAL ACCRUAL OF THIS BENEFIT WAS $38,002 WHICH IS INCLUDED ON SCHEDULE J COLUMN (C) AS DEFERRED COMPENSATION. A LIKE AMOUNT WOULD BE TREATED AS HAVING ACCRUED DURING EACH PRIOR YEAR OF SERVICE BY THE DEAN, TOTALING APPROXIMATELY $1.08 MILLION PLUS AN ASSUMED INVESTMENT RETURN OF 6.5% FROM THE APPLICABLE DATE OF ACCRUAL. UPON VESTING IN 2020, THE BENEFIT IS EXPECTED TO HAVE A LUMP SUM VALUE OF APPROXIMATELY $4.048 MILLION TAKING INTO ACCOUNT OFFSETS. UNDER THE SCHOOL'S SABBATICAL POLICY, THE DEAN IS ENTITLED TO ONE YEAR SABBATICAL FOR EVERY TWELVE YEARS OF SERVICE. UNDER THE DEAN'S EMPLOYMENT AGREEMENT, THE DEAN IS ENTITLED TO A CASH PAYMENT IN LIEU OF A PORTION OF THE SABBATICAL. THIS SABBATICAL BENEFIT IS TREATED AS HAVING BEEN EARNED OVER THE EIGHTEEN YEARS OF SERVICE LEADING UP TO VESTING OF THE BENEFIT ON JUNE 30,2022. THIS BENEFIT IS SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. FOR CALENDAR YEAR 2017,THE VALUE OF THE ANNUAL ACCRUAL OF THIS BENEFIT IS $50,000, WHICH IS INCLUDED ON SCHEDULE J COLUMN (C) AS DEFERRED COMPENSATION. A LIKE AMOUNT WOULD BE TREATED AS HAVING BEEN ACCRUED DURING THE PRIOR TWELVE YEARS OF SERVICE OF THE EMPLOYEE, TOTALING APPROXIMATELY $625,000. PART I, LINE 4B THE DEAN IS PROVIDED AN ADDITIONAL RETIREMENT PLAN TO SUPPLEMENT THE 403(B) AND OTHER RETIREMENT BENEFITS (WHICH ARE REPORTED SEPARTELY ON SCHEDULE J COLUMN (C))AND TO RECOGNIZE THE 30 PLUS YEARS OF DISTINGUISHED SERVICE TO THE SCHOOL. THIS BENEFIT HAS BEEN STRUCTURED SO THAT IT IS TREATED AS HAVING BEEN EARNED OVER THE TERM OF THE DEAN'S SERVICE. UNDER THE PLAN, IF THE DEAN REMAINS IN THE POSITION AGREED BETWEEN THE DEAN AND THE BOARD UNTIL JUNE 30, 2020, THE DEAN IS ELIGIBLE TO RECEIVE A BENEFIT APPROXIMATELY EQUAL TO AN ANNUAL PAYMENT FOR LIFE OF 64% OF HIS FINAL THREE YEAR AVERAGE BASE PAY, OFFSET BY CERTAIN OTHER RETIREMENT BENEFITS PROVIDED BY THE SCHOOL. THE BENEFIT IS SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. FOR CALENDAR YEAR 2017, THE VALUE OF THE ANNUAL ACCRUAL OF THIS BENEFIT WAS $38,002 WHICH IS INCLUDED ON SCHEDULE J COLUMN (C) AS DEFERRED COMPENSATION. A LIKE AMOUNT WOULD BE TREATED AS HAVING ACCRUED DURING EACH PRIOR YEAR OF SERVICE BY THE DEAN, TOTALING APPROXIMATELY $1.08 MILLION PLUS AN ASSUMED INVESTMENT RETURN OF 6.5% FROM THE APPLICABLE DATE OF ACCRUAL. UPON VESTING IN 2020, THE BENEFIT IS EXPECTED TO HAVE A LUMP SUM VALUE OF APPROXIMATELY $4.048 MILLION TAKING INTO ACCOUNT OFFSETS. DEAN JOHN F O'BRIEN COMPENSATION AGREEMENT X 650000 135200 0 1 1 135200 SPURLING MATTHEW BOARD OF TRUSTEE'S SON 25912 TUITION WAIVER SPURLING KAITLIN BOARD OF TRUSTEE'S DAUGHTER 35912 TUITION WAIVER DUFFYKELLIE CONTROLLER'S DAUGHTER 27912 TUITION WAIVER MARK LAWTON BROTHER OF TRUSTEE 8400 COMPENSATION FOR TEACHING COURSES 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY MEMBERS OF THE SCHOOL'S BUSINESS OFFICE AS WELL AS INDEPENDENT TAX ADVISORS. A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS REQUIRED TO BE COMPLETED ANNUALLY BY ALL MEMBERS OF THE BOARD OF TRUSTEES AND KEY EMPLOYEES. A TRUSTEE WOULD RECUSE HIM OR HERSELF FROM THE DISCUSSION AND THE DECISION REGARDING ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR CHARGED THE TRUSTEE COMMITTEE ON COMPENSATION WITH RECOMMENDING A FAIR AND REASONABLE COMPENSATION PACKAGE FOR THE DEAN/PRESIDENT, WHO HAS MORE THAN 30 YEARS OF DISTINGUISHED SERVICE. THE DUE DIGLIGENCE EFFORT, WHICH TOOK MORE THAN ONE YEAR TO COMPLETE, INCLUDED ENGAGING AN INDEPENDENT, NATIONALLY RECOGNIZED COMPENSATION EXPERT AS WELL AS AN INDEPENDENT, NATIONALLY RECOGNIZED LAW FIRM, BOTH WITH EXPERTISE IN EXECUTIVE COMPENSATION, TO PROVIDE DETAILED ANALYSIS AND ADVICE TO THE COMMITTEE. THERE IS CONTEMPORANEOUS DOCUMENTATION OF DELIBERATION AND DECISION OF THE TRUSTEES REGARDING THE COMPENSATION AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR CONSORTIUM FOR INNOVATIVE LEGAL ED 875 SUMMIT AVENUE ST PAUL MN 55105 411884496 EDUCATION DE 501(C)(3) 11B N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0