2018-05-14T17:54:19-05:00 2017-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2016-07-01 042133255 SUFFOLK UNIVERSITY % LAURA SANDER SUFF 6175738400 8 ASHBURTON PLACE BOSTON MA 021082770 LAURA SANDER Senior VP/Treasurer 6175738400 2018-05-14 true JACOB K JOHNSON P01763226 6179881000 2018-05-14 2016 2022-09-23 18:48:47Z LAURA SANDER 8 ASHBURTON PLACE BOSTON MA 021082770 324290626 false X WWW.SUFFOLK.EDU X 1914 MA SUFFOLK UNIVERSITY IS A TALENT CATALYST THAT RECOGNIZES AND DEVELOPS STUDENT POTENTIAL. *CONTINUED ON SCHEDULE O* 26 26 3521 250 440418 8057795 7803759 283011552 278733169 20192727 8659644 2772126 3368306 314034200 298564878 80018115 83333689 0 0 113386009 114123083 119057 122759 1857946 100276018 97369655 293799199 294949186 20235001 3615692 701266547 703062164 383961112 385845495 317305435 317216669 X SUFFOLK UNIVERSITY IS A TALENT CATALYST THAT RECOGNIZES AND DEVELOPS STUDENT POTENTIAL. *CONTINUED ON SCHEDULE O* false false 117847883 36879792 133731616 THE COLLEGE OF ARTS AND SCIENCES PREPARES STUDENTS OF ALL AGES AND BACKGROUNDS TO LIVE MORE FULFILLING LIVES, TO APPRECIATE AND CONTRIBUTE TO THE COMMUNITIES OF WHICH THEY ARE MEMBERS AND TO REACH THEIR ETHICAL, PERSONAL, INTELLECTUAL AND FINANCIAL GOALS. TO HELP ITS STUDENTS MAXIMIZE THEIR POTENTIAL, THE COLLEGE EMPHASIZES CRITICAL AND ANALYTICAL THINKING THROUGH A RIGOROUS "SUCCESS SKILLS" UNDERGRADUATE CORE PROGRAM IN WRITTEN AND ORAL COMMUNICATION, COMPUTING, ANALYZING AND INTEGRATING. *CONTINUED ON SCHEDULE O* 101546772 34063465 98722242 THE SAWYER BUSINESS SCHOOL (SBS) CREATES A LEARNING ENVIRONMENT THAT ENABLES STUDENTS TO EMERGE AS SUCCESSFUL LEADERS IN THE PRACTICE OF GLOBAL BUSINESS AND PUBLIC SERVICES. THE SBS VALUES EXCELLENCE IN EDUCATION AND RESEARCH, AND WORKS WITH ITS STUDENTS, ALUMNI, AND BUSINESS PARTNERS TO ACHIEVE THEIR GOALS. THE PROGRAMS ARE BUILT ON THE CORE VALUES OF PROMOTING OPPORTUNITY, EXCELLENCE, QUALITY TEACHING, INCLUSION AND COLLABORATION, AND EXCEPTIONAL SERVICE. 27416433 12390432 46279311 THE LAW SCHOOL IS DEDICATED TO WELCOMING STUDENTS FROM ALL BACKGROUNDS AND CIRCUMSTANCES AND EDUCATING THEM TO BECOME HIGHLY SKILLED AND ETHICAL LAWYERS WHO ARE WELL-PREPARED TO SERVE IN THEIR LOCAL COMMUNITIES, ACROSS THE NATION, AND AROUND THE WORLD. THE LAW SCHOOL SEEKS TO DEVELOP IN ITS STUDENTS THE SKILLS NECESSARY TO SERVE THE PROFESSION'S CHANGING NEEDS IN AN INCREASINGLY DIVERSE, GLOBAL AND TECHNOLOGICALLY-DEPENDENT SOCIETY. *CONTINUED ON SCHEDULE O* 246811088 true true false true false false false true false true true false false false true true false true true true true false true true false false false true true true true false false false false false false false false false false true false false false false true true true false false true 408 0 true 3521 true true true true SP false false false false false false false false X 26 26 false false true false false false false true true false false true true true true true true true true false MA X X LAURA SANDER 6175738400 8 ASHBURTON PLACE BOSTON MA 02108 X ROBERT C LAMB JR CHAIR 1.0 0.0 X 0 0 0 JOHN L BROOKS III TRUSTEE 1.0 0.0 X 0 0 0 IRWIN CHAFETZ TRUSTEE (THROUGH 06/23/2017) 1.0 0.0 X 0 0 0 JEANETTE G CLOUGH TRUSTEE 1.0 0.0 X 0 0 0 DANIEL F CONLEY ESQ TRUSTEE 1.0 0.0 X 0 0 0 SUSAN CONNELLY TRUSTEE 1.0 0.0 X 0 0 0 MARIA DIPIETRO TRUSTEE 1.0 0.0 X 0 0 0 JOHN FERNANDEZ TRUSTEE 1.0 0.0 X 0 0 0 FRANCIS X FLANNERY TRUSTEE 1.0 0.0 X 0 0 0 JILL S GABBE TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA J GANNON TRUSTEE 1.0 0.0 X 0 0 0 RUSSELL A GAUDREAU JR ESQ TRUSTEE 1.0 0.0 X 0 0 0 ERNST GUERRIER ESQ TRUSTEE 1.0 0.0 X 0 0 0 JOHN F HARRINGTON TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM T HOGAN III ESQ TRUSTEE (THROUGH 06/23/2017) 1.0 0.0 X 0 0 0 J ROBERT JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 PATRICK F JORDAN TRUSTEE 1.0 0.0 X 0 0 0 JESSICA A MASSEY ESQ TRUSTEE 1.0 0.0 X 0 0 0 JOHN J MCDONNELL TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER A NASSOUR ESQ TRUSTEE 1.0 0.0 X 0 0 0 THE HONORABLE AMY L NECHTEM TRUSTEE 1.0 0.0 X 0 0 0 CAROL SAWYER PARKS TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM A POPELESKI JR TRUSTEE 1.0 0.0 X 0 0 0 SUSAN RUGNETTA TRUSTEE 1.0 0.0 X 0 0 0 E MACEY RUSSELL ESQ TRUSTEE 1.0 0.0 X 0 0 0 MARSHALL M SLOANE TRUSTEE 1.0 0.0 X 0 0 0 LARRY SMITH TRUSTEE 1.0 0.0 X 0 0 0 NANCY STACK TRUSTEE 1.0 0.0 X 0 0 0 MARK E SULLIVAN ESQ TRUSTEE 1.0 0.0 X 0 0 0 TARA L TAYLOR TRUSTEE 1.0 0.0 X 0 0 0 MARGARET MCKENNA PRESIDENT 50.0 0.0 X 656683 0 25610 DANIELLE MANNING SENIOR VP/TREASURER 50.0 0.0 X 229047 0 33359 JOHN NUCCI SVP/GOV'T & COMMUNITY AFFAIRS 50.0 0.0 X 251536 0 22500 MARISA KELLY ACTING PRESIDENT 50.0 0.0 X 388132 0 54418 SEBASTIAN ROYO SVP/Acting Provost 50.0 0.0 X 209026 0 50766 LAURA SANDER SENIOR VP/TREASURER 50.0 0.0 X 166015 0 0 COLM RENEHAN SVP/ADVANCEMENT 50.0 0.0 X 268468 0 31790 MICHAEL CROWLEY SVP/ENROLLMENT MANAGEMENT 50.0 0.0 X 231518 0 859 GREGOR GATLIN VP/MARKETING AND COMMUNICATION 50.0 0.0 X 166749 0 45938 ANDREW PERLMAN DEAN 50.0 0.0 X 329511 0 56968 ASAKO M TOYODA DEAN 50.0 0.0 X 246141 0 44156 WILLIAM O'NEILL DEAN 50.0 0.0 X 293648 0 48801 ANN COYNE DEAN 50.0 0.0 X 147051 0 25317 JAMES WALLACE SR DIRECTOR/FACILITIES 50.0 0.0 X 196099 0 27024 JANICE GRIFFITH PROFESSOR 50.0 0.0 X 219662 0 24717 MICHAEL BEHNAM ASSOCIATE DEAN 50.0 0.0 X 253732 0 48913 THOMAS LYNCH III CIO 50.0 0.0 X 249335 0 12615 SHAHRIAR KHAKSARI PROFESSOR 50.0 0.0 X 227577 0 55159 KENNETH GREENBERG PROFESSOR 50.0 0.0 X 248649 0 10800 4978579 0 619710 253 false true false CW FACILITY SERVICES INC 100 FIFTH AVE 16TH FL NEW YORK NY 10110 FACILITIES 8763412 SODEXO INC AFFILIATES 1 BEACON STREET SUITE 5200 BOSTON MA 02108 FOOD SERVICES 4436363 DECIBEL MEDIA LLC 12 CITY SQ FL 5 CHARLESTOWN MA 02129 ADVERTISING 1392491 NBBJ 1 BEACON STREET BOSTON MA 02108 ARCHITECT 1105701 MINTZ LEVIN COHN FERRIS GLOVSKY 1 FINANCIAL CENTER BOSTON MA 02111 LEGAL SERVICES 817944 25 4394868 3408891 354023 7803759 TUITION AND FEES 611710 259044017 259044017 RESIDENCE HALLS AND DINING 721000 19689152 19329648 359504 278733169 4882847 80914 4801933 197567 197567 0 1356591 1356591 0 1356591 1356591 28634978 670000 24997586 728162 3637392 -58162 3579230 3579230 0 0 0 0 0 0 0 0 0 BOOKSTORE COMMISSIONS 900099 407453 407453 CENTER FOR RESTORATIVE JUSTICE 900099 283078 283078 MISCELLANEOUS INCOME 900099 440389 440389 880795 880795 2011715 298564878 278373665 440418 11947036 157500 157500 82541396 82541396 634793 634793 0 0 4176451 1044530 2755932 375989 0 0 0 0 85318949 70367430 14223805 727714 5854080 4838815 974948 40317 12720586 10519040 2119428 82118 6053017 4991187 1006160 55670 0 0 0 0 1267181 0 1267181 0 279719 0 279719 0 1078 0 1078 0 122759 122759 575842 0 575842 0 1320436 0 1320436 0 3020265 2204267 734756 81242 1836625 785040 871381 180204 5875113 2643801 3192206 39106 0 0 0 0 25611173 16452375 9158798 0 1616208 1366109 130877 119222 0 0 0 0 0 0 0 0 19431669 17204800 2226869 0 0 0 0 0 13563271 12013370 1549901 0 1510778 1010274 500504 0 ACADEMIC SERVICES & SUPPORT 6628062 6628062 0 0 RESIDENCE HALL EXPENSES 3309580 3309580 0 0 OTHER PUBLIC SERVICE 2010535 2010535 0 0 LIBRARY EXPENSE 1871391 1871391 0 0 7640729 4216793 3390331 33605 294949186 246811088 46280152 1857946 0 0 1392373 49823124 2816158 1779579 3304644 3444326 0 0 0 0 0 0 0 0 1641917 1791778 546129302 153021042 377604744 393108260 265750537 218790132 14539557 14617770 10616919 9862253 0 0 23599698 9844942 701266547 703062164 31462663 26962834 0 0 7649517 7387037 339830366 346490089 0 0 0 0 0 0 0 0 5018566 5005535 383961112 385845495 X 282787449 277011229 6447465 11826545 28070521 28378895 317305435 317216669 701266547 703062164 X 3615692 15532237 -19236695 X false true X true true true X 6792317 7655271 8896768 8057795 7803759 39205910 0 0 6792317 7655271 8896768 8057795 7803759 39205910 0 39205910 5217583 5921621 5683775 6497427 6437005 29757411 0 979394 1126637 1810971 1345431 2011715 7274148 76237469 1442484068 0.51426 0.54890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false true 1078 1078 false Form Sch C Part II-B Line 1a SUFFOLK UNIVERSITY PAYS MEMBERSHIP DUES TO VARIOUS EDUCATIONAL ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. MEMBERSHIP FEES TO THESE ORGANIZATIONS ALLOCABLE TO LOBBYING ACTIVITIES AMOUNTED TO $1,078. X X X X false 181636189 34392019 23362074 1413660 5886340 369539 231720743 185813403 3530104 -533727 965496 5817504 390591 181636189 194540110 3795746 -1110491 6943309 4045659 422994 185813403 164687874 10189808 25023653 617667 4382933 360625 194540110 128800296 24225041 15392921 754281 2620719 355384 164687874 0.85096 0.11948 0.02956 true false 46455421 46455421 378756462 77733641 301022821 41784727 18873630 22911097 77312714 56150156 21162558 1819978 263615 1556363 393108260 0 REFUNDABLE US GOVERNMENT GRANT 5005535 5005535 X 299496342 15532237 -14024931 1507306 297989036 575842 575842 298564878 298885624 4512280 4512280 294373344 575842 575842 294949186 DESCRIPTION OF ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE UNIVERSITY'S COLLECTIONS CONSIST OF WORKS OF ART, ARTIFACTS, RARE BOOKS, HISTORICAL DOCUMENTS, AND OTHER SIMILAR MATERIALS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. AN EXAMPLE OF A COLLECTION HELD BY THE UNIVERSITY IS THE JOHN JOSEPH MOAKLEY ARCHIVE AND INSTITUTE. THE JOHN JOSEPH MOAKLEY ARCHIVE AND INSTITUTE AT SUFFOLK UNIVERSITY WAS ESTABLISHED BY SUFFOLK UNIVERSITY IN 2001 UPON CONGRESSMAN MOAKLEY'S GIFT OF HIS PAPERS. THE INSTITUTE IS DEDICATED TO THE PRESERVATION, STUDY, INTERPRETATION AND CELEBRATION OF CONGRESSMAN MOAKLEY'S LEGACY OF SERVICE AND POLITICAL AND PUBLIC POLICY LEADERSHIP THROUGH PROGRAMMING AND PROMOTION OF JOE MOAKLEY'S CONGRESSIONAL PAPERS. EXHIBIT PROGRAM: THE MOAKLEY INSTITUTE CURATES AND PRESENTS TWO TYPES OF EXHIBITS ON THE LIFE AND LEGACY OF CONGRESSMAN JOE MOAKLEY: GALLERY EXHIBITS AND TRAVELING EXHIBITS. CONGRESSMAN MOAKLEY PAPERS: THE CONGRESSMAN MOAKLEY PAPERS CONSIST OF 522 BOXES OF MATERIALS THAT DOCUMENT THE CONGRESSMAN'S EARLY LIFE, HIS WORLD WAR II SERVICE, HIS TERMS IN THE MASSACHUSETTS HOUSE OF REPRESENTATIVES AND SENATE, AND HIS SERVICE IN THE U.S. CONGRESS. PRIMARILY, THE COLLECTION COVERS MOAKLEY'S CONGRESSIONAL CAREER FROM 1973 TO 2001 INCLUDING DOCUMENTS RELATED TO HIS LEGISLATIVE AND POLICY CAMPAIGNS CENTERED ON HUMAN RIGHTS, THE MOAKLEY COMMISSION IN EL SALVADOR, FIRE-SAFE CIGARETTES, AND HIS PROMOTION OF DISTRICT PROJECTS SUCH AS THE BOSTON HARBOR ISLANDS, THE BIG DIG AND PRESERVATION OF HISTORIC SITES. ENDOWMENT FUNDS PART V, LINE 4 SUFFOLK UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 245 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. A MAJORITY OF THE FUNDS PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO UNDERGRADUATE, GRADUATE AND LAW SCHOOL STUDENTS. SOME OF THE OTHER USES OF THE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, SUPPORT FOR FELLOWSHIPS, THE CREATION AND FUNDING OF DEPARTMENT CHAIRS, SUPPORT FOR VARIOUS UNIVERSITY CENTERS, AND SUPPORT FOR THE UNIVERSITY'S TEACHING AND RESEARCH ACTIVITIES. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE THE UNIVERSITY A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENT'S REAL VALUE. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE UNIVERSITY GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE-LIKELY THAN-NOT" TO BE SUSTAINED IN THE EVENT OF AN EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE UNIVERSITY MUST PRESUME THAT POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE-LIKELY THAN-NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE UNIVERSITY BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS: PART XI, LINE 4B POST RETIREMENT OBLIGATION $415,929 CHANGE IN VALUE OF SPLIT INTEREST $14,400 LOSS ON EARLY EXTINGUISHMENT OF DEBT -$19,541,298 REVENUE REPORTED BY FOR PROFIT SUBSIDIARY FORMED IN SPAIN $5,148,005 ----------- TOTAL -$14,024,931 OTHER EXPENSE INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN: PART XII, LINE 2D EXPENSES REPORTED BY FOR PROFITS SUBSIDIARY FORMED IN SPAIN $4,512,280 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, QUESTION 3 SUFFOLK UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, AGE, DISABILITY, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, GENETIC INFORMATION, VIETNAM-ERA OR DISABLED-VETERAN STATUS IN ITS EMPLOYMENT, ADMISSION POLICIES, OR IN THE ADMINISTRATION OR OPERATION OF, OR ACCESS TO ITS ACADEMIC AND NON-ACADEMIC PROGRAMS AND POLICIES. IT DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN VIOLATION OF SECTION 504 OF THE REHABILITATION ACT OF 1973. THE UNIVERSITY PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE UNIVERSITY'S WEBSITE, APPLICATIONS FOR EMPLOYMENT, AND STUDENT, EMPLOYEE AND FACULTY HANDBOOKS. FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCY LINE 6A THE UNIVERSITY RECEIVES AID FOR STUDENTS FROM SUCH FEDERAL PROGRAMS AS PELL, SEOG, FEDERAL WORK STUDY, PERKINS, DIRECT LOANS, ETC. THE UNIVERSITY IS ALSO THE RECIPIENT OF SEVERAL FEDERAL AND STATE GRANTS FROM AGENCIES SUCH AS THE U.S. DEPARTMENT OF JUSTICE PROGRAMS, NATIONAL SCIENCE FOUNDATION AND THE U.S. DEPARTMENT OF EDUCATION, AMONG OTHERS. true Central America and the Caribbean Program Services EDUCATION AND OTHER 28390 East Asia and the Pacific Program Services EDUCATION AND OTHER 122984 East Asia and the Pacific Send agents to seminar EDUCATION 3960 East Asia and the Pacific Program Services RECRUITING 11040 Europe (Including Iceland and Greenland) Program Services EDUCATION AND OTHER 439760 Europe (Including Iceland and Greenland) Send agents to seminar EDUCATION 68658 Europe (Including Iceland and Greenland) Program Services RECRUITING 43983 Middle East and North Africa Program Services EDUCATION AND OTHER 66287 Middle East and North Africa Send agents to seminar EDUCATION 1100 Middle East and North Africa Program Services RECRUITING 881 North America Send agents to seminar EDUCATION 5502 North America Program Services RECRUITING 3593 South America Program Services EDUCATION AND OTHER 54578 South America Program Services RECRUITING 823 South Asia Program Services EDUCATION AND OTHER 15021 South Asia Program Services Recruiting 613 Europe (Including Iceland and Greenland) Grantmaking 504403 South America Grantmaking 9250 Sub-Saharan Africa Grantmaking 26725 Central America and the Caribbean Grantmaking 17705 East Asia and the Pacific Grantmaking 76710 1371576 130390 1501966 FOREIGN GRANTS PAID - EUROPE Europe (Including Iceland and Greenland) 52 504403 award FOREIGN GRANTS PAID - EAST ASIA/PACIFIC East Asia and the Pacific 7 76710 award FOREIGN GRANTS PAID - SOUTH AMERICA South America 1 9250 award FOREIGN GRANTS PAID - SUB-SAHARAN Sub-Saharan Africa 3 26725 award FOREIGN GRANTS PAID - CENTRAL AMERICA Central America and the Caribbean 2 17705 award true false true true false false MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. PART I, LINE 2 ALL GRANTS AWARDED ARE BASED ON NEED AND/OR MERIT AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. EXPENDITURES PART I, LINE 3, COLUMN (F) EXPENDITURES IN COLUMN (F) ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. X X X X X X true RUFFALO NOEL LEVITZ LLC ANNUAL FUND 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ANNUAL FUND SERVICES false 97956 122759 -24803 97956 122759 -24803 MA SOLICITATION PART I LINE I SUFFOLK UNIVERSITY IS A PRIVATE CHARITY FOR HIGHER EDUCATION. NO REGISTRATION IS REQUIRED AS A RESULT OF THE FUNDRAISING ACTIVITIES PERFORMED BY THE FUNDRAISERS. ONLY ALUMNI ARE SOLICITED IN OTHER STATES. THE UNIVERSITY DOES NOT DO MASS MAILINGS TO THE PUBLIC. PROFESSIONAL FUNDRAISING Part I Line 2b(iii) RUFFALO NOEL LEVITZ LLC DID NOT HAVE CUSTODY OR CONTROL OF CONTRIBUTIONS MADE TO SUFFOLK UNIVERSITY. THE TOTAL AMOUNTS PAID WAS FOR PERFORMANCE OF SERVICES. true BOSTON PLANNING AND DEVELOPMENT AGENCY 1 CITY HALL BOSTON MA 02201 046006386 CITY OF BOSTON 30000 GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT Cambridge Street Community Development Corp 74 Joy Street BOSTON MA 02114 222496921 501(C)(3) 10000 GENERAL SUPPORT GENERAL SUPPORT East Boston High School 86 WHITE STREET EAST BOSTON MA 02128 999999999 GOV'T 15000 GENERAL SUPPORT Funds for Parks and Recreation Boston 1010 Massachusetts Avenue BOSTON MA 02128 046006386 CITY OF BOSTON 102500 GENERAL SUPPORT 4 FINANCIAL AID - UNIVERSITY, FEDERAL & STATE 4263 82541396 MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART 1, LINE 2 THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO BOSTON PLANNING AND DEVELOPMENT AGENCY, AS PART OF THE CITY OF BOSTON, WHICH ASSISTS THE ORGANIZATION TO DEVELOP DOWNTOWN BOSTON AND SURROUNDING NEIGHBORHOODS PURSUANT TO COOPERATIVE AGREEMENT. THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO CAMBRIDGE STREET DEVELOPMENT CORP, A 501(C)(3) ORGANIZATION WHICH ASSISTS THE ORGANIZATION TO DEVELOP THE CAMBRIDGE STREET AREA OF THE CITY OF BOSTON. THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO EAST BOSTON HIGH SCHOOL FOR ITS ATHLETIC PROGRAMS. THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO THE FUND FOR PARKS AND RECREATION IN BOSTON FOR UPKEEP OF ATHLETIC FIELDS USED BY THE UNIVERSITY AS WELL AS THE SURROUNDING NEIGHBORHOODS. ALL GRANTS AWARDED ARE BASED ON NEED AND/OR MERIT AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. X X true true X X X X X X true false false false false false false false false MARGARET MCKENNA PRESIDENT 336686 319997 23850 1760 682293 DANIELLE MANNING SENIOR VP/TREASURER 186342 42705 21037 12322 262406 JOHN NUCCI SVP/GOV'T & COMMUNITY AFFAIRS 250000 1536 22500 0 274036 MARISA KELLY ACTING PRESIDENT 370094 18038 23850 30568 442550 SEBASTIAN ROYO SVP/Acting Provost 207508 1518 20198 30568 259792 LAURA SANDER SENIOR VP/TREASURER 137558 28457 0 0 166015 COLM RENEHAN SVP/ADVANCEMENT 245210 23258 23850 7940 300258 MICHAEL CROWLEY SVP/ENROLLMENT MANAGEMENT 229000 2518 859 0 232377 GREGOR GATLIN VP/MARKETING AND COMMUNICATION 158865 7884 15370 30568 212687 ANDREW PERLMAN DEAN 318921 10590 23850 33118 386479 ASAKO M TOYODA DEAN 244671 1470 22500 21656 290297 WILLIAM O'NEILL DEAN 290683 2965 23850 24951 342449 ANN COYNE DEAN 134569 12482 13689 11628 172368 JAMES WALLACE SR DIRECTOR/FACILITIES 195337 762 17817 9207 223123 JANICE GRIFFITH PROFESSOR 219662 0 19406 5311 244379 MICHAEL BEHNAM ASSOCIATE DEAN 213336 40396 23509 25404 302645 THOMAS LYNCH III CIO 234946 14389 11552 1063 261950 SHAHRIAR KHAKSARI PROFESSOR 159375 68202 22041 33118 282736 KENNETH GREENBERG PROFESSOR 248220 429 10800 0 259449 HOUSING ALLOWANCE PART I, LINE 1 THE UNIVERSITY PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT. THE FULL ALLOWANCE WAS TREATED AS TAXABLE COMPENSATION. SOCIAL CLUB DUES PART I, LINE 1 SOCIAL CLUB DUES WERE PAID BY THE UNIVERSITY ON BEHALF OF AN OFFICER DURING CALENDAR YEAR 2016. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB IS USED TO CONDUCT UNIVERSITY BUSINESS. SEVERANCE PAYMENT PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS PURSUANT TO WRITTEN AGREEMENTS: MARGARET McKENNA $267,500 A MHEFA SERIES 2009A 042456011 57586EMVO 2009-11-18 18712831 REFUND SERIES 2005/96 false false false B MHEFA SERIES 2009A 042456011 57586EMVO 2009-11-18 46079870 REFUND SERIES 2005/97 false false false C MHEFA SERIES 2009A 042456011 57586EMVO 2009-11-18 13422123 REFUND SERIES 2005/99 true false false D MHEFA SERIES 2009A 042456013 57586EMVO 2009-11-18 10329888 REFUND SERIES 2007A/02R false false false A 0 0 18712831 1492756 0 0 207262 0 1820791 0 16597993 0 1996 true false true true B 0 0 46079870 3675872 0 0 503395 0 4585379 0 40985935 0 1999 true false true true C 0 1370000 13422123 1070706 0 0 147826 0 1434299 0 11841964 0 1999 true false true true D 0 1560000 10329888 824033 0 0 113565 0 0 0 9991307 0 1992 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false true true true false 0.01187 0.01187 false true 0.68560 true true D false true true true false 0.00343 0.00343 false true 0.30780 true true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true SERIES 2009A BOND ISSUE PART I THE TOTAL SERIES 2009A ISSUE AMOUNTED TO $273,452,022 AND WAS COMPOSED OF 11 TRANCHES REFUNDING ALL PRIOR BOND ISSUES. THE ISSUER HAS ELECTED TO TREAT THE BONDS AS MULTIPLE SEPARATE ISSUES UNDER SECTION 1.150-1 (C)(3) OF THE INCOME TAX REGULATIONS. In April 2017, the Issuer issued its 2017 Bonds for the benefit of the institution, the proceeds of which were used to advance refund and legally defease 6 of the tranches of the Series 2009A issue. Accordingly, only 5 tranches remained outstanding as of June 30, 2017. SCHEDULE K, PART I, COLUMN (F) - DESCRIPTION OF PURPOSE PAGE 1 - BOND ISSUE A-C: THE SERIES 2005/96 BONDS, THE SERIES 2005/97 BONDS, AND THE SERIES 2005/99 BONDS WERE ISSUED 6/20/2005. PAGE 1 - BOND ISSUE D: THE SERIES 2007A/02R BONDS WERE ISSUED ON 11/20/2007. PAGE 2 - BOND ISSUE A: THE SERIES 2007B/02R BONDS WERE ISSUED ON 11/20/2007. PROCEEDS SCHEDULE K, PART II TOTAL PROCEEDS, LINE 3 LESS THE SUM OF LINES 4-12 FOR THE TAX EXEMPT BOND ISSUES A-C OF PAGE 1, AND ISSUE A OF PAGE 2 NET TO A NEGATIVE NUMBER. THESE DIFFERENCES ARE AS A RESULT OF TRANSFERS FROM PRIOR BOND FUND ESCROW ACCOUNTS AS WELL AS EQUITY CONTRIBUTIONS FROM THE UNIVERSITY TO REPAY BOND ISSUE EXPENSES. THESE AMOUNTS WERE DISCLOSED ON SERIES 2009 FORM 8038 - INFORMATION RETURN FOR TAX-EXEMPT PRIVATE ACTIVITY BOND ISSUES. SCHEDULE K, PART II, COLUMN B OF PAGE 2 THE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND TOTAL PROCEEDS OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $310,994. SCHEDULE K, PART II, LINE 2 AMOUNT OF BONDS LEGALLY DEFEASED ON 7/15/14 A SERIES OF ISSUES TOTALING $4,500,000 WERE LEGALLY DEFEASED. SCHEDULE K, PART II, LINE 9 AMOUNTS SHOWN FOR THE TAX EXEMPT BOND ISSUES A-C OF PAGE 1 REFLECT SWAP TERMINATION PAYMENTS FINANCED WITH PROCEEDS OF THE BONDS. SCHEDULE K, PART II, LINE 11 AMOUNTS SHOWN FOR TAX EXEMPT BOND ISSUES A-D OF PAGE 1 AND BOND ISSUE A OF PAGE 2 REFLECT PROCEEDS ORIGINALLY DEPOSITED IN REFUNDING ESCROWS THAT HAVE SINCE BEEN USED TO RETIRE THE UNDERLYING REFUNDED BONDS. AS SUCH, NO SUCH AMOUNTS REMAIN ON DEPOSIT IN THE RESPECTIVE REFUNDING ESCROW AS OF THE END OF THE 12-MONTH PERIOD. SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION DATE FOR THE 2009 BOND ISSUE WAS DECEMBER 2016 AND THE REBATE COMPUTATION DATE FOR THE 2010 BOND ISSUE WAS OCTOBER 2016. A MHEFA SERIES 2009A 042456012 57586EMVO 2009-11-18 10204103 REFUND SERIES 2007B/02R true false false B MA DEVELOPMENT FINANCE AGENCY SERIES 2010 043431814 57583R3C7 2010-10-14 65889765 DEMOLISH/RECONSTRUCT BLDG/IMPROVE false false false C MA DEVELOPMENT FINANCE AUTHORITY SERIES 2017 043431814 57584XM81 2017-04-25 185251323 REFUND SERIES 2009A - PARTIAL false false false A 0 1540000 10204103 813999 0 0 113593 0 0 0 9972564 0 1992 true false true true B 2975000 0 66200759 0 0 0 1114521 0 0 65086239 0 0 2015 false false true true C 0 0 185251323 0 0 185249413 1910 0 0 0 0 0 2017 false true true true A false true true true false 0.00343 0.00343 false true 0.30780 true true B false true true true false 0.00282 0.00146 0.00428 false false false true C false true true true false 0.00924 0.00181 0.01105 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true X 14 354023 Mean Price false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. MISSION STATEMENT FORM 990 PART I LINE 1 FORM 990 PART III LINE 1 LEVERAGING OUR LOCATION IN THE HEART OF BOSTON, OUR FACULTY, STAFF, AND ALUMNI WORK TOGETHER TO PROVIDE A STUDENT-CENTERED EXPERIENCE. THIS DIVERSE COMMUNITY BUILDS ON ITS DEDICATION AND EXCELLENCE IN EDUCATION AND SCHOLARSHIP TO EMPOWER GRADUATES TO BE SUCCESSFUL LOCALLY, REGIONALLY, AND GLOBALLY. APPROXIMATELY 7,500 STUDENTS WERE SERVED THIS YEAR. PROGRAM SERVICE ACCOMPLISHMENTS Form 990 Part III Line 4a FACULTY SCHOLARSHIP SUPPORTS DIVERSIFIED LIBERAL ARTS CONCENTRATIONS AVAILABLE IN THE HUMANITIES, THE NATURAL SCIENCES AND THE SOCIAL SCIENCES, ALONG WITH GRADUATE PROGRAMS IN SEVERAL FIELDS, MOST OFFERING CAREER-RELATED PROFESSIONAL PROGRAM TRACKS AND PRACTICAL EXPERIENCE ON OR OFF CAMPUS. Form 990 Part III Line 4c THE LAW SCHOOL'S GOAL IS TO PROVIDE ITS STUDENTS WITH ACCESS TO AN EXCELLENT LEGAL EDUCATION, INSPIRE A COMMITMENT TO JUSTICE, AND PROVIDE ITS GRADUATES THE OPPORTUNITY TO ACHIEVE THEIR CAREER ASPIRATIONS. DELEGATION OF AUTHORITY TO AN EXECUTIVE COMMITTEE PART VI, LINE 1A IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT AND EXECUTION OF THE AFFAIRS OF SUFFOLK UNIVERSITY IN ALL MATTERS EXCEPT THOSE WITH RESPECT TO WHICH AUTHORITY IS GIVEN IN THE UNIVERSITY'S BYLAWS TO THE ADMINISTRATION AND FINANCE COMMITTEE AND EXCEPT THOSE WHICH PURSUANT TO LAW OR SPECIFIC SECTIONS OF THE BYLAWS REQUIRE THE VOTE OF THE BOARD OF TRUSTEES. CHANGES TO GOVERNING DOCUMENTS/BYLAWS PART VI, LINE 4 DURING THE TAX YEAR, THE UNIVERSITY MADE THE FOLLOWING SIGNIFICANT REVISIONS TO PREVIOUSLY ADOPTED BLYAWS: CHANGE TO THE MAXIMUM NUMBER OF AUDIT, COMPLIANCE, AND RISK COMMITTEE MEMBERS AND THE MINIMUM AND MAXIMUM NUMBER OF CHARTER TRUSTEES; ADDITION OF A NEW OFFICER LEVEL POSITION; AND NEW RESPONSIBILITIES AND AUTHORITIES ESTABLISHED FOR THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE. FORM 990 REVIEW PROCESS FORM 990 PART VI LINE 11B THE CONTROLLER OF SUFFOLK UNIVERSITY IS RESPONSIBLE FOR PROVIDING THE INFORMATION NECESSARY FOR THE UNIVERSITY'S TAX ADVISOR TO PREPARE FORM 990. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM IS THEN PROVIDED TO THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH SENIOR MANAGEMENT AND THE UNIVERSITY'S TAX ADVISOR. ALL QUESTIONS AND CONCERNS OF THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE MEMBERS ARE ADDRESSED AND INCORPORATED INTO THE FORM AS APPROPRIATE. AFTER THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE REVIEW, ALL MEMBERS OF THE GOVERNING BODY ARE PROVIDED A LINK TO A PASSWORD-PROTECTED WEB SITE ON WHICH THE ENTIRE FORM 990 CAN BE VIEWED IN ADVANCE OF THE FILING DEADLINE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES ARE ADDRESSED BY THE TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, THE TREASURER OF THE UNIVERSITY IS AUTHORIZED TO FILE THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY FORM 990 PART VI LINE 12C THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OBTAINING A CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM ALL BOARD MEMBERS, OFFICERS OF THE UNIVERSITY, AND ALL EMPLOYEES OF THE UNIVERSITY HOLDING CERTAIN POSITIONS AS DETERMINED BY THE EXECUTIVE COMMITTEE, REFERRED TO AS COVERED PERSONS. THE DISCLOSURE STATEMENT IS TO BE COMPLETED UPON FIRST ACCEDING TO THE OFFICE POSITION, UPON MATERIAL CHANGE IN THE INFORMATION REQUESTED, AND IN JULY OF EACH YEAR. THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE PROVIDES THE BOARD WITH A SUMMARY REPORT OF ANY CONFLICT OF INTEREST AT LEAST ANNUALLY, AND MORE FREQUENTLY AS APPROPRIATE. THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE MAY INVITE THE COVERED PERSON TO MAKE A PRESENTATION AT A MEETING TO DISCUSS THE TRANSACTION. THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE WILL THEN DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE, AND THEREFORE WHETHER THE UNIVERSITY MAY OR MAY NOT ENTER INTO THE TRANSACTION. COMPENSATION PROCESS FOR THE PRESIDENT FORM 990 PART VI LINE 15a FOR THE GENERAL COMPENSATION SETTING PROCESS OF THE FORMER PRESIDENT (TERMINATED DURING JULY 2016), THE BOARD OF TRUSTEES ENGAGED AN INDEPENDENT FIRM TO ANALYZE AND COMPARE THE COMPENSATION OF CEOS AT COMPARABLE INSTITUTIONS. A COMMITTEE OF THE BOARD OF TRUSTEES WORKED WITH THE INDEPENDENT FIRM TO ANALYZE THE COMPENSATION DATA. AFTER REVIEWING THE RESULTS OF THE STUDY AND IN CONSULTATION WITH THE OUTSIDE COUNSEL, THE COMMITTEE PROPOSED COMPENSATION FOR THE PRESIDENT. A CONTRACT WAS PREPARED BY THE OUTSIDE COUNSEL, WHICH WAS VOTED ON AND APPROVED AT A MEETING OF THE FULL BOARD OF TRUSTEES. THE ACTING PRESIDENT RECEIVED A STIPEND IN ADDITION TO HER SALARY FOR HER PREVIOUS POSITION. THIS STIPEND WAS AGREED UPON BY THE BOARD AND THE AGREEMENT WAS PREPARED AND REVIEWED BY OUTSIDE COUNSEL. COMPENSATION PROCESS FOR OTHER OFFICERS FORM 990 PART VI LINE 15b FOR THE COMPENSATION SETTING PROCESS OF OTHER OFFICERS, THE BOARD OF TRUSTEES ENGAGED AN INDEPENDENT FIRM TO ANALYZE AND COMPARE THE COMPENSATION OF INDIVIDUALS IN COMPARABLE POSITIONS AT COMPARABLE INSTITUTIONS. A COMMITTEE OF THE BOARD OF TRUSTEES WORKED WITH THE INDEPENDENT FIRM TO ANALYZE DATA. AFTER REVIEWING THE RESULTS OF THE STUDY, THE COMMITTEE PROPOSED COMPENSATION FOR THE OFFICERS. THE COMPENSATION WAS VOTED ON AND APPROVED AT A MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990 PART VI LINE 19 ALL REQUESTS FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS ARE RECEIVED BY THE PRESIDENT AND/OR VICE PRESIDENT'S OFFICES AND ARE TURNED OVER TO THE TREASURER'S OFFICE FOR IMMEDIATE RESPONSE. TAX RETURNS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S AND GUIDESTAR'S WEBSITES. CHANGE IN NET ASSETS PART XI, LINE 9 POSTRETIREMENT BENEFIT OBLIGATION $415,929 LOSS ON EARLY EXTINGUISHMENT OF DEBT -$19,541,298 CHANGE IN VALUE OF SPLIT INTEREST $14,400 OTHER ADJUSTMENT -$125,726 ----------- TOTAL -$19,236,695 SUFFOLK UNIVERSITY MADRID CAMPUS SL CALLE VINA 3 MADRID SP 28003 999999999 HIGHER EDUCATION SP NA C Corp 5086038 4501336 1.00000 true CRUT INVESTING MA NA Trust true false false false false false false false false false false false true false false false false false false SUFFOLK UNIVERSITY MADRID CAMPUS SL m 4512280 ACCRUAL METHOD