MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC (EIN 27-3014805)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-15
- IRS object ID
- 201811359349303816
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-15T13:38:27-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BOSTON PLACE SUITE 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273014805 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MASSACHUSETTS GREEN HIGH PERFORMANCE | BusinessNameLine1Txt |
| Business Name Line2 | COMPUTING CENTER INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MASS | BusinessNameControlTxt |
| Phone | 4135524902 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BIGELOW STREET | AddressLine1Txt |
| City | HOLYOKE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01040 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | thomas nedell | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 4135524902 | PhoneNum |
| Signature | 2018-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LEONARD J BERKOWITZ | PreparerPersonNm |
| PTIN | P00872822 | PTIN |
| Phone | 6176481400 | PhoneNum |
| Preparation | 2018-05-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN GOODHUE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BIGELOW STREET | AddressLine1Txt |
| City | HOLYOKE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01040 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,141,894 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://www.mghpcc.org/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | MAINTAIN A FACILITY WHICH WILL HOUSE A HIGH PERFORMANCE COMPUTER CENTER TO SUPPORT, ASSIST, ENHANCE, AND ADVANCE THE SCIENTIFIC RESEARCH ACTIVITIES OF ITS MEMBER UNIVERSITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $327,645 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,287,708 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,961,346 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,679,186 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | -$13,160 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $6,288,991 | PYTotalRevenueAmt |
| CY Total Revenue | $6,953,734 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $20,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,322,263 | PYOtherExpensesAmt |
| CY Other Expenses | $9,966,514 | CYOtherExpensesAmt |
| PY Total Expenses | $9,326,263 | PYTotalExpensesAmt |
| CY Total Expenses | $9,986,514 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,037,272 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,032,780 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $81,356,435 | TotalAssetsBOYAmt |
| Total Assets EOY | $80,352,665 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,965,100 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,994,110 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $70,391,335 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $67,358,555 | NetAssetsOrFundBalancesEOYAmt |
| Mission | to own, maintain and lease a facility, which will house a high performance computing center to support, assist, enhance, and advance the scientific research activities of its member universities. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $9,724,510 | ExpenseAmt |
| Grant | $20,000 | GrantAmt |
| Revenue | $5,679,186 | RevenueAmt |
| Desc | to own, MAINTAIN, and lease a facility, which will housea high performance computing center to support, assist, enhance,and advance the scientific research activities of its memberuniversities. Beginning in May 2016, MGHPCC Inc. undertook a construction project to build out computer pods in the computer room to provide Harvard with additional capacity which was completed as of June 2017. | Desc |
| Total Program Service Expenses | $9,724,510 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAIRE CHRISTOPHERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4135524902 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 BIGELOW STREET | AddressLine1Txt |
| City | Holyoke | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01040 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| anne margulies | |||||||||
| director | 1.00 | 55.00 | Yes (X) | $0 | $427,015 | $55,770 | |||
| arthur kramer | |||||||||
| director | 1.00 | 40.00 | Yes (X) | $0 | $352,153 | $12,694 | |||
| GLORIA WATERS | |||||||||
| DIRECTOR | 1.00 | 55.00 | Yes (X) | $0 | $407,451 | $35,758 | |||
| JOHN CHARLES | |||||||||
| DIRECTOR | 1.00 | 40.00 | Yes (X) | $0 | $345,476 | $54,748 | |||
| maria zuber | |||||||||
| director | 1.00 | 60.00 | Yes (X) | $0 | $437,380 | $60,152 | |||
| Michael Malone | |||||||||
| director | 1.00 | 40.00 | Yes (X) | $0 | $236,057 | $65,378 | |||
| ralph zottola | |||||||||
| director | 1.00 | 40.00 | Yes (X) | $0 | $173,985 | $41,291 | |||
| REHAN KHAN | |||||||||
| DIRECTOR | 1.00 | 40.00 | Yes (X) | $0 | $410,938 | $111,284 | |||
| Richard Mccullough | |||||||||
| president & director | 1.00 | 55.00 | Yes (X) | $0 | $500,759 | $55,287 | Yes (X) | ||
| Robert A Brown | |||||||||
| director | 1.00 | 55.00 | Yes (X) | $0 | $1,418,222 | $419,793 | |||
| thomas chmura | |||||||||
| Former pres. & Director (Outgoing) | 1.00 | 40.00 | Yes (X) | $0 | $230,208 | $44,166 | |||
| claire christopherson | |||||||||
| clerk | 50.00 | 1.00 | $0 | $122,671 | $19,416 | Yes (X) | |||
| john goodhue | |||||||||
| executive director | 60.00 | 1.00 | $0 | $250,011 | $40,382 | Yes (X) | |||
| THOMAS NEDELL | |||||||||
| TREASURER | 1.00 | 40.00 | $0 | $551,765 | $106,121 | Yes (X) | |||
| james culbert | |||||||||
| it technical lead | 50.00 | 1.00 | $0 | $202,047 | $50,952 | Yes (X) | |||
| KEVIN HELM | |||||||||
| FACILITY MANAGEMENT DIRECT | 40.00 | 1.00 | $0 | $119,138 | $31,606 | Yes (X) | |||
| melvin bernstein | |||||||||
| Former PRESIDENT & director | 1.00 | 17.50 | $0 | $126,862 | $22,578 | Yes (X) | |||
| allen marcum | |||||||||
| FORMER TREASURER | 1.00 | 40.00 | $0 | $207,273 | $55,195 | Yes (X) | |||
| andrei ruckenstein | |||||||||
| former president | 1.00 | 55.00 | $0 | $307,200 | $60,738 | Yes (X) | |||
| CARA ELLIS MCCARTHY | |||||||||
| FORMER OFFICER | 1.00 | 55.00 | $0 | $124,241 | $41,981 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $6,950,852 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,385,290 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| turner construction co | |||||
| 2 seaport lane | boston | MA | 02210 | construction | $1,336,034 |
| C & W Services | |||||
| 4002 Solutions Center | Chicago | IL | 60677 | Facility Management | $853,234 |
| Sullivan & McLaughlin Co | |||||
| 74 lawley street | boston | MA | 02122 | electrical contractor | $149,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $51,746 | RelatedOrganizationsAmt |
| Government Grants | $1,233,628 | GovernmentGrantsAmt |
| All Other Contributions | $2,334 | AllOtherContributionsAmt |
| Total Contributions | $1,287,708 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FEES & SERVICES | 221000 | $5,189,559 | $5,189,559 |
| Construction Revenue | 230000 | $489,627 | $489,627 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,679,186 | TotalProgramServiceRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $175,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $188,160 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$13,160 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$13,160 | TotalRevenueColumnAmt |
| Exclusion | -$13,160 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,953,734 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,679,186 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$13,160 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
| Program Services | $20,000 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,260 | TotalAmt |
| Management And General | $37,260 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,673 | TotalAmt |
| Management And General | $29,673 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,721 | TotalAmt |
| Program Services | $69,721 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,647 | TotalAmt |
| Program Services | $25,647 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $458,226 | TotalAmt |
| Program Services | $458,226 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,784,750 | TotalAmt |
| Program Services | $5,784,750 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,742,194 | TotalAmt |
| Program Services | $1,742,194 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,261 | TotalAmt |
| Program Services | $45,646 | ProgramServicesAmt |
| Management And General | $40,615 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| REIMBURSED SALARIES | $751,267 | $635,449 | $115,818 |
| COMMUNICATIONS/NETWORK | $511,429 | $511,429 | |
| REIMBURSED BENEFITS | $202,150 | $166,194 | $35,956 |
| MINOR EQUIPMENT | $107,746 | $107,746 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,190 | TotalAmt |
| Program Services | $157,508 | ProgramServicesAmt |
| Management And General | $2,682 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,986,514 | TotalAmt |
| Program Services | $9,724,510 | ProgramServicesAmt |
| Management And General | $262,004 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,185,983 | BOYAmt |
| EOY | $1,812,079 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,327 | BOYAmt |
| EOY | $857,299 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $990,526 | BOYAmt |
| EOY | $806,108 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,357,273 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,725,710 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,787,982 | BOYAmt |
| EOY | $12,631,563 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,526,617 | BOYAmt |
| EOY | $64,245,616 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,356,435 | BOYAmt |
| EOY | $80,352,665 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,123,623 | BOYAmt |
| EOY | $412,211 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,841,477 | BOYAmt |
| EOY | $12,581,899 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,965,100 | BOYAmt |
| EOY | $12,994,110 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,344,686 | BOYAmt |
| EOY | $67,354,133 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,649 | BOYAmt |
| EOY | $4,422 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,391,335 | BOYAmt |
| EOY | $67,358,555 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,356,435 | BOYAmt |
| EOY | $80,352,665 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,032,780 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 5 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (5 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| MASS INSTITUTE OF TECHNOLOGY | ||||
| 042103594 | 2 | Yes (1) | $0 | $0 |
| NORTHEASTERN UNIVERSITY | ||||
| 041679980 | 2 | Yes (1) | $0 | $0 |
| UNIVERSITY OF MASSACHUSETTS | ||||
| 043167352 | 6 | Yes (1) | $0 | $0 |
| BOSTON UNIVERSITY | ||||
| 042103547 | 2 | Yes (1) | $0 | $0 |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE | ||||
| 042103580 | 2 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 5 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part IV, Section A, Line 2 | FormAndLineReferenceDesc |
| Explanation | University of Massachusetts is a supported organization that is a state university under section 115 and therefore is not required to obtain recognition of public charity status. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,892,159 | OtherCostOrOtherBasisAmt |
| Book Value | $4,892,159 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,219,568 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,006,042 | DepreciationAmt |
| Book Value | $4,213,526 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,245,546 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,719,668 | DepreciationAmt |
| Book Value | $3,525,878 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,631,563 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT IN MGHPCC LLC | Desc |
| Book Value | $64,245,616 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $64,245,616 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED RENT PAYABLE | $11,431,899 |
| WORKING CASH ADVANCES | $1,150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,581,899 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | MGHPCC INC IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501 (C)(3), EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE A COMPANY TO EVALUATE ITS TAX POSITIONS AND RECOGNIZE A TAX LIABILITY OR ASSET FOR UNCERTAIN POSITIONS THAT "MORE LIKELY THAN NOT" WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MGHPCC INC PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WAS NO UNRELATED BUSINESS INCOME, AND DO NOT HAVE ANY TAX LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR FISCAL YEARS 2017 AND 2016. MGHPCC INC AND AFFILIATED ENTITIES FILE TAX RETURNS WITH THE IRS AND OTHER TAX AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND HAVE NO TAX POSITIONS THAT MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2014 REMAIN OPEN. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 5 | RecipientCnt |
| Cash Grant | $20,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The selection process is handled by the Guidance Office of the Holyoke Public School system (hps), which assures confidentiality and impartiality. The application requires a written essay that is evaluated by the selection committee, which is comprised of the Superintendent of HPS, the Mayor of Holyoke, and the MGHPCC's Executive Director. Checks for the scholarships are sent to the Financial Aid Office of the educational institution that the awardee will be attending, payable to the institution, to be applied to the student's account, with a letter indicating the appropriate source and use of the funds. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| anne margulies | ||||||||||||||
| director | $0 | $405,764 | $0 | $20,000 | $0 | $1,251 | $0 | $33,825 | $0 | $21,945 | $0 | $482,785 | $0 | $0 |
| arthur kramer | ||||||||||||||
| director | $0 | $280,003 | $0 | $0 | $0 | $72,150 | $0 | $6,100 | $0 | $6,594 | $0 | $364,847 | $0 | $0 |
| GLORIA WATERS | ||||||||||||||
| DIRECTOR | $0 | $390,750 | $0 | $0 | $0 | $16,701 | $0 | $35,260 | $0 | $498 | $0 | $443,209 | $0 | $0 |
| JOHN CHARLES | ||||||||||||||
| DIRECTOR | $0 | $340,458 | $0 | $0 | $0 | $5,018 | $0 | $33,825 | $0 | $20,923 | $0 | $400,224 | $0 | $0 |
| maria zuber | ||||||||||||||
| director | $0 | $426,184 | $0 | $0 | $0 | $11,196 | $0 | $39,750 | $0 | $20,402 | $0 | $497,532 | $0 | $0 |
| Michael Malone | ||||||||||||||
| director | $0 | $235,429 | $0 | $0 | $0 | $628 | $0 | $30,989 | $0 | $34,389 | $0 | $301,435 | $0 | $0 |
| ralph zottola | ||||||||||||||
| director | $0 | $173,985 | $0 | $0 | $0 | $0 | $0 | $6,902 | $0 | $34,389 | $0 | $215,276 | $0 | $0 |
| REHAN KHAN | ||||||||||||||
| DIRECTOR | $0 | $394,299 | $0 | $0 | $0 | $16,639 | $0 | $26,500 | $0 | $84,784 | $0 | $522,222 | $0 | $0 |
| Richard Mccullough | ||||||||||||||
| president & director | $0 | $429,839 | $0 | $15,000 | $0 | $55,920 | $0 | $33,825 | $0 | $21,462 | $0 | $556,046 | $0 | $0 |
| Robert A Brown | ||||||||||||||
| director | $0 | $1,012,150 | $0 | $0 | $0 | $406,072 | $0 | $165,573 | $0 | $254,220 | $0 | $1,838,015 | $0 | $113,125 |
| thomas chmura | ||||||||||||||
| Former pres. & Director (Outgoing) | $0 | $230,208 | $0 | $0 | $0 | $0 | $0 | $21,420 | $0 | $22,746 | $0 | $274,374 | $0 | $0 |
| john goodhue | ||||||||||||||
| executive director | $0 | $250,011 | $0 | $0 | $0 | $0 | $0 | $13,017 | $0 | $27,365 | $0 | $290,393 | $0 | $0 |
| THOMAS NEDELL | ||||||||||||||
| TREASURER | $0 | $475,565 | $0 | $47,520 | $0 | $28,680 | $0 | $76,500 | $0 | $29,621 | $0 | $657,886 | $0 | $0 |
| james culbert | ||||||||||||||
| it technical lead | $0 | $202,047 | $0 | $0 | $0 | $0 | $0 | $27,450 | $0 | $23,502 | $0 | $252,999 | $0 | $0 |
| KEVIN HELM | ||||||||||||||
| FACILITY MANAGEMENT DIRECT | $0 | $119,138 | $0 | $0 | $0 | $0 | $0 | $12,314 | $0 | $19,292 | $0 | $150,744 | $0 | $0 |
| melvin bernstein | ||||||||||||||
| Former PRESIDENT & director | $0 | $125,181 | $0 | $0 | $0 | $1,681 | $0 | $9,610 | $0 | $12,968 | $0 | $149,440 | $0 | $0 |
| allen marcum | ||||||||||||||
| FORMER TREASURER | $0 | $203,273 | $0 | $4,000 | $0 | $0 | $0 | $32,620 | $0 | $22,575 | $0 | $262,468 | $0 | $0 |
| andrei ruckenstein | ||||||||||||||
| former president | $0 | $264,804 | $0 | $0 | $0 | $42,396 | $0 | $35,260 | $0 | $25,478 | $0 | $367,938 | $0 | $0 |
| CARA ELLIS MCCARTHY | ||||||||||||||
| FORMER OFFICER | $0 | $124,004 | $0 | $0 | $0 | $237 | $0 | $14,252 | $0 | $27,729 | $0 | $166,222 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 3 | THE ORGANIZATION RECEIVED PROPOSALS FROM THREE DIFFERENT SEARCH FIRMS AND AFTER CAREFUL REVIEW ENGAGED KORN FERRY INTERNATIONAL OF BOSTON TO CONDUCT A NATIONAL SEARCH FOR THIS POSITION. INCLUDED IN THEIR SERVICES WAS A SALARY REVIEW AND RECOMMENDATION FOR THIS POSITION. A TEAM INCLUDING REPRESENATION FROM MIT, PRESIDENT AND FELLOWS OF HARVARD COLLEGE, BU, UMASS, AND NORTHEASTERN WAS ASKED BY THE ADVISORY BOARD MEMBERS TO BE PART OF THE SEARCH COMMITTEE. THE SEARCH TEAM INCLUDED CIO'S FROM EACH OF THE UNIVERSITIES. THE COMPENSATION RANGE FOR THE POSITION WAS REVIEWED AND APPROVED BY THE HUMAN RESOURCES DEPARTMENTS OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY, USING COMPATABILITY DATA, AND APPROVED AS A BUDGET LINE ITEM BY THE BOARD OF DIRECTORS. ALL COMPENSATION IS PAID BY RELATED ORGANIZATIONS. |
| Part I, Line 4b | (1) UNDER A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, ON AUGUST 1, 2016, PRESIDENT BROWN RECEIVED AN AMOUNT EQUAL TO 30% OF HIS BASE SALARY FOR THE PRECEDING 12-MONTH PERIOD. THIS AMOUNT WAS SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS AS WELL AS A SUBSTANTIAL RISK OF FORFEITURE UNTIL THAT DATE. UPON VESTING, SUPPLEMENTAL RETIREMENT PLAN COMPENSATION OF $288,063 WAS DISTRIBUTED TO PRESIDENT BROWN IN CALENDAR YEAR 2016 AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION. THE PORTION OF THE AMOUNT DISTRIBUTED WHICH WAS PREVIOUSLY REPORTED AS RETIREMENT AND OTHER DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C OF PRIOR FORMS 990 IS $113,125. THIS AMOUNT IS THEREFORE REPORTED ON THIS YEAR'S SCHEDULE J, PART II, COLUMN F. UNDER THE SAME SUPPLEMENTAL RETIREMENT PLAN, ON AUGUST 1, 2017, PRESIDENT BROWN WAS TO BECOME ENTITLED TO RECEIVE AN AMOUNT EQUAL TO 30% OF HIS BASE SALARY FOR THE PRECEDING 12-MONTH PERIOD. PRESIDENT BROWN'S RIGHT TO SUCH PAYMENT WAS SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS AS WELL AS A SUBSTANTIAL RISK OF FORFEITURE UNTIL THAT DATE. ACCORDINGLY, SUPPLEMENTAL RETIREMENT PLAN COMPENSATION OF $130,313 WAS ACCRUED FOR PRESIDENT BROWN IN CALENDAR YEAR 2016 AND IS REPORTED ON SCHEDULE J, PART II, COLUMN C AS RETIREMENT AND OTHER DEFERRED COMPENSATION. (2) AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION ALSO INCLUDE CONTRIBUTIONS MADE BY THE UNIVERSITY IN CALENDAR YEAR 2016 TO AN IRC SECTION 457(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO PROVIDE FUTURE RETIREMENT BENEFITS TO PRESIDENT BROWN. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | THE CORPORATION SHALL HAVE FIVE MEMBERS: MASSACHUSETTS INSTITUTE OF TECHNOLOGY; NORTHEASTERN UNIVERSITY; TRUSTEES OF BOSTON UNIVERSITY; PRESIDENT AND FELLOWS OF HARVARD COLLEGE; AND THE UNIVERSITY OF MASSACHUSETTS (TOGETHER, THE "FOUNDING UNIVERSITIES AND EACH A "FOUNDING UNIVERSITY"). |
| Form 990, Part VI, Section A, line 7a | ALL POWERS OF THE CORPORATION SHALL BE HELD BY THE BOARD OF DIRECTORS. ANY ACTION OR VOTE REQUIRED OR PERMITTED BY ANY LAW, RULE, OR REGULATION TO BE TAKEN BY MEMBERS SHALL BE TAKEN BY UNANIMOUS VOTE. EACH MEMBER SHALL BE A UNIVERSITY WITH A CAMPUS IN THE COMMONWEALTH OF MASSACHUSETTS AND BE DESCRIBED IN EITHER SECTIONS 501(C)(3) AND 509(A)(1) OR SECTION 170(C)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS THE SAME MAY BE AMENDED FROM TIME TO TIME. THE BOARD SHALL BE COMPRISED OF TWO (2) REPRESENTATIVES FROM EACH OF THE MEMBERS. |
| Form 990, Part VI, Section B, line 11b | THE DRAFT FORM 990 IS CIRCULATED TO THE AUDIT COMMITTEE PRIOR TO FILING FOR REVIEW AND COMMENT. THE AUDIT COMMITTEE IS COMPRISED OF ONE EMPLOYEE FROM EACH MEMBER INSTITUTION, APPOINTED BY THE EXECUTIVE COMMITTEE OF THE CORPORATION. THE COMPLETE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. |
| Form 990, Part VI, Section B, line 12c | THE CLERK OF THE CORPORATION CIRCULATES THE FULL POLICY TO OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY. THE POLICY REQUIRES THAT EACH SUCH OFFICER, DIRECTOR OR KEY EMPLOYEE ACKNOWLEDGE RECEIPT. THE CLERK MONITORS THE RETURN OF THE REQUIRED FORMS. |
| Form 990, Part VI, Section B, line 15a | LINE 15A THE ORGANIZATION RECEIVED PROPOSALS FROM THREE DIFFERENT SEARCH FIRMS AND AFTER CAREFUL REVIEW ENGAGED KORN FERRY INTERNATIONAL OF BOSTON TO CONDUCT A NATIONAL SEARCH FOR THIS POSITION. INCLUDED IN THEIR SERVICES WAS A SALARY REVIEW AND RECOMMENDATION FOR THIS POSITION. A TEAM INCLUDING REPRESENTATION FROM MIT, PRESIDENT AND FELLOWS OF HARVARD COLLEGE, BU, UMASS AND NORTHEASTERN WAS ASKED BY THE ADVISORY BOARD MEMBERS TO BE PART OF THE SEARCH COMMITTEE. THE SEARCH TEAM INCLUDED CIO'S FROM EACH OF THE UNIVERSITIES. |
| Form 990, Part VI, Section C, line 19 | THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE CLERK OF THE CORPORATION. |
| Form 990, Part XII, line 2c: | the process remains unchanged from the prior year. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Massachusetts Institute of Technology | ||||||||||
| 77 Massachusetts Ave NE49-3142 | Cambridge | MA | 02139 | 042103594 | Education | MA | 501(c)(3) | Line 2 | N/A | 0 |
| Northeastern University | ||||||||||
| 360 Huntington Ave | Boston | MA | 02115 | 041679980 | education | MA | 501(c)(3) | Line 2 | N/A | 0 |
| University of Massachusetts | ||||||||||
| one beacon street | Boston | MA | 02108 | 043167352 | education | MA | 115 | N/A | 0 | |
| Boston University | ||||||||||
| 881 Commonwealth Avenue 4th Floor | Boston | MA | 02215 | 042103547 | education | MA | 501(c)(3) | Line 2 | N/A | 0 |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE | ||||||||||
| 1033 Massachusetts Ave 3rd FL | Cambridge | MA | 02138 | 042103580 | education | MA | 501(c)(3) | Line 2 | N/A | 0 |
| MGHPCC Holyoke Inc | ||||||||||
| 100 Bigelow Street | Holyoke | MA | 01040 | 452257442 | Research | MA | 501(c)(3) | Line 12a, I | N/A | 0 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGHPCC Leverage Lender LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Bigelow Street | AddressLine1Txt |
| City | Holyoke | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01040 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274004162 | EIN |
| Primary Activities | Real Estate | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGHPCC Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Excluded | PredominantIncomeTypeTxt |
| Share Of Total Income | $717,070 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $67,918,170 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (1) | GeneralOrManagingPartnerInd |
| Ownership | 0.95000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGHPCC Leverage Lender LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionTypeTxt |
| Involved | $281,000 | InvolvedAmt |
| Method Of Amount Determination | fmv | MethodOfAmountDeterminationTxt |
Comments