2018-05-10T13:09:41-05:00 2017-06-30 263753134 CBIZ MHM LLC 500 Boylston Street Boston MA 02116 990 2016-07-01 042103589 LESLEY UNIVERSITY LESL 6173498685 29 EVERETT STREET CAMBRIDGE MA 021382790 bernice bradin cfo, vp finance 6173498685 2018-05-08 1 Craig Klein P00734640 6177610600 2018-05-08 2016 2022-09-23 18:48:47Z jeff weiss 29 EVERETT STREET CAMBRIDGE MA 021382790 248061140 0 X WWW.LESLEY.EDU X 1909 MA LESLEY UNIVERSITY ENGAGES STUDENTS IN TRANSFORMATIVE EDUCATION, THROUGH ACTIVE LEARNING, SCHOLARLY RESEARCH, DIVERSE FORMS OF ARTISTIC EXPRESSION, AND THE INTEGRATION OF RIGOROUS ACADEMICS WITH PRACTICAL, PROFESSIONAL EXPERIENCE, LEADING TO MEANINGFUL CAREERS AND CONTINUING LIFELONG LEARNING. LESLEY PREPARES SOCIALLY RESPONSIBLE GRADUATES WITH THE KNOWLEDGE, SKILLS, UNDERSTANDING AND ETHICAL JUDGMENT TO BE CATALYSTS SHAPING A MORE JUST, HUMANE, AND SUSTAINABLE WORLD. 25 23 2095 192 404204 46648 6057754 10904787 98135854 101395394 7076395 10515777 1858553 2128032 113128556 124943990 11152609 14052066 0 0 59327294 63321376 89190 0 1972055 41931397 40684462 112500490 118057904 628066 6886086 383034489 400262616 122475190 129020710 260559299 271241906 X LESLEY UNIVERSITY ENGAGES STUDENTS IN TRANSFORMATIVE EDUCATION, THROUGH ACTIVE LEARNING, SCHOLARLY RESEARCH, DIVERSE FORMS OF ARTISTIC EXPRESSION, AND THE INTEGRATION OF RIGOROUS ACADEMICS WITH PRACTICAL, PROFESSIONAL EXPERIENCE, LEADING TO MEANINGFUL CAREERS AND CONTINUING LIFELONG LEARNING. LESLEY PREPARES SOCIALLY RESPONSIBLE GRADUATES WITH THE KNOWLEDGE, SKILLS, UNDERSTANDING AND ETHICAL JUDGMENT TO BE CATALYSTS SHAPING A MORE JUST, HUMANE, AND SUSTAINABLE WORLD. 0 0 45087959 86899291 EXPENSES RELATED TO INSTRUCTING FULL TIME AND PART TIME STUDENTS: The university is home to a number of important centers and institutes that conduct research, help shape public policy, and provide continuing education and professional development opportunities across a wide range of disciplines including:*Math *Special education *Literacy*Center for adult learnersAt a Glance:*Founded: 1909 *Total Enrollment: 6,980*Undergraduates: 2,594*Master's, C.A.G.S., Ph.D. students: 4,386*Total Alumni: 87,503*Campus locations: *Cambridge, MA Lesley University Academics:*Undergraduate Study:-Lesley University College of Arts and Design (LUCAD)-College of Liberal Arts and Sciences (CLAS)-Lesley Center for Adult Learning (LCAL)*Graduate Study: -Courses + programs in Cambridge -Programs offered throughout the US -Online courses + programs*Unique Program Formats *Centers + Institutes *Continuing education + professional development *Threshold non-degree program*Accreditation: -New England Association of Schools and Colleges -National Association of Schools of Art and Design 16194444 EXPENSES RELATED TO ACADEMIC SUPPORT WHICH INCLUDES THE EXPENSES FOR THE LIBRARY, DEAN OF STUDENTS, VARIOUS ACADEMIC DEANS AND OTHER ACADEMIC SUPPORT. ALSO, EXPENSES RELATED TO RESEARCH AND GENERAL INSTITUTIONAL OPERATIONS. 13332029 EXPENSES RELATED TO SERVICES PROVIDED TO THE STUDENT BODY, INCLUDING COUNSELING, CAREER GUIDANCE, ADMISSIONS, REGISTRAR, STUDENT ACTIVITIES, AND HEALTH SERVICES AS WELL AS EXPENSES RELATED TO ATHLETIC PROGRAMS. 14094111 14052066 EXPENSES RELATED TO FINANCIAL AID FOR STUDENTS:The purpose of financial aid is to help you attain your goal of a Lesley University Education, by offering financial assistance in the form of grants, loans, and student work opportunities. Please be assured that despite the current economic situation, the Office of Financial Aid remains very vigilant and has been proactive in assuring that both federal and private educational loan options are available to students. 10794265 15126450 AUXILIARY ENTERPRISES 24888376 14052066 15126450 99502808 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 8257 0 1 2095 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X BERNICE BRADIN vpcfo 6173498685 29 EVERETT STREET CAMBRIDGE MA 021382790 Mrs Deborah Schwartz Raizes trustee, chair 1.00 X X 0 0 0 Mr Hans D Strauch trustee, vice chair 1.00 X X 0 0 0 Ms Barbara weinstein Russell trustee, treasurer 1.00 X X 0 0 0 Ms Michelle Nadeau O'Brien trustee, clerk 1.00 X X 0 0 0 Ms Loring Low Stevens trustee, clerk 1.00 X X 0 0 0 Mr Art Bardige trustee 1.00 X 0 0 0 Mr Hal Belodoff trustee 1.00 X 0 0 0 Mrs Karen Cotton Chaplin trustee 1.00 X 0 0 0 Ms Molly L Davis trustee 1.00 X 0 0 0 Ms Nina Houghton trustee 1.00 X 0 0 0 Mr Richard A Jalkut trustee 1.00 X 0 0 0 Ms Juanita James trustee 1.00 X 0 0 0 Ms Jana Karp trustee 1.00 X 0 0 0 mr Matthew Kozol trustee 1.00 X 0 0 0 Ms Lauren Manafort trustee 1.00 X 0 0 0 Mr Michael E Mooney trustee 1.00 X 0 0 0 Mrs Carol C Moriarty trustee 1.00 X 0 0 0 Ms Karen v Morton trustee 1.00 X 0 0 0 Mr David I Newton trustee 1.00 X 0 0 0 Ms Allene Russell Pierson trustee 1.00 X 0 0 0 Mr Thomas N Riley trustee 1.00 X 0 0 0 Mr Robert Sage trustee 1.00 X 0 0 0 Ms Janet Steinmayer trustee 1.00 X 0 0 0 jeff a weiss president 40.00 X X 220481 0 14464 mr roger lowenstein trustee 40.00 1.00 X 0 0 0 Wayne Selase Williams Provost 40.00 X 265608 0 13892 Mary Lou Batt VP of Administration 40.00 X 222692 0 18378 Bernice Bradin VP of Finance/CFO 40.00 X 217959 0 26185 Shirin Philipp VP & General Counsel 40.00 X 205487 0 14036 Katherine McWey assistant clerk 40.00 X 71835 0 21473 Mary Lou Dymski VP of Budgeting & Financial planning 40.00 X 204432 0 15347 Jonathon H Gillette Dean of GSOE 40.00 X 196837 0 21888 Janis M Sagarin VP of Advancement 40.00 X 179533 0 31894 Richard J Zauft Dean of LUCAD 40.00 X 180578 0 12774 lisa ijiri Associate Provost 40.00 X 174232 0 13788 Mary Patricia Lohse Chief of Staff/sr. advisor to pres. 40.00 X 161931 0 41935 timothy robison VP of Enrollment Management 40.00 X 164893 0 18099 Nathaniel G Mays Dean of Students 40.00 X 149563 0 13358 Irene Fountas Program Director, AFAC 40.00 X 169157 0 21875 anne m collins Center Director, AFAC 40.00 X 157121 0 13488 george smith Dir. of Operations & Campus planning 40.00 X 150279 0 29204 JONATHAN K JEFFERSON Chair, Business & Communication 40.00 X 164509 0 9283 Joseph B Moore President (former) 40.00 X 659574 0 126320 3916701 0 477681 87 1 1 0 Bon Appetit Mgmt Co PO Box 417632 boston MA 02241 food services 4474461 C&W Facility Services 275 Grove St Ste 3-200 Auburndale MA 024462239 Facility Management 3346823 ug2 llc one international place boston MA 02110 facility Management 1911521 The Learning House Inc 427 South Fourth Street Louisville KY 40202 Student Recr/Advising 1626168 Securitas Security Svcs PO Box 403412 Atlanta GA 303843412 Security Services 1557280 31 1308797 9595990 1446049 10904787 TUITION AND FEES 900099 86268944 86268944 AUXILIARY 900099 15126450 15126450 101395394 2498351 205481 2292870 3556849 2513783 1043066 1043066 1043066 128380532 25924 120379682 9348 8000850 16576 8017426 8017426 470233 214337 255896 255896 OTHER income 900099 630347 630347 parking lot 812930 198723 198723 829070 124943990 102025741 404204 11609258 14052066 14052066 4189633 1233564 2731616 224453 48339278 42243717 5006145 1089416 2168461 1975092 145454 47915 5019315 4274610 629540 115165 3604689 3001679 479974 123036 351819 1019 350800 98500 98500 12000 12000 789705 789705 4927687 3810903 1095341 21443 1079603 1042747 30834 6022 2126628 1936445 19466 170717 1967100 822528 1085899 58673 5483819 3585504 1876592 21723 1765423 1488757 191621 85045 195566 153560 39726 2280 4250137 3731211 518926 6639816 6404482 235334 336619 336619 food service 3973977 3973977 custodial contracts 3761781 3761781 security contracts 1224151 1099172 124979 grant overhead 611065 611065 1089066 286929 795970 6167 118057904 99502808 16583041 1972055 -512770 514824 1214169 1237542 5901202 10186134 4928341 5046575 1698737 1726949 2934475 3350132 253493632 68609792 186292921 184883840 84248465 75259585 88479997 110426075 7848952 7630960 383034489 400262616 9999518 11426786 1434178 1473425 12107934 11533935 82714569 89636767 16218991 14949797 122475190 129020710 X 229833999 234412332 14652481 19711014 16072819 17118560 260559299 271241906 383034489 400262616 X 6886086 11476971 -7680450 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12000 12000 0 Part II-B, Line 1: THE UNIVERSITY PAID POLITICAL ADVANTAGE, LLC $12,000 FOR STATE SUPPORT OF READING RECOVERY PROJECTS. 172728456 1935798 21158255 390661 9746194 185685654 176663836 8046323 -3040776 374141 8566786 172728456 189000050 312859 -3307555 338102 9003416 176663836 170225361 1209134 25487087 280810 7640722 189000050 156353512 4525397 16594366 276028 6971886 170225361 0.88130 0.08100 0.03770 0 0 16274549 16274549 135320236 30670055 104650181 85291014 27140735 58150279 15642356 10799002 4843354 965477 965477 184883840 international equities 67371934 F private real assets 10452209 F private equities 5649458 F directional hedge 21240701 F absolute return 5711773 F 110426075 X 130678926 11476971 -4952330 6524641 124154285 789705 789705 124943990 119996319 2728120 2728120 117268199 789705 789705 118057904 Part V, Line 4: The University's endowment consists of approximately 90 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Part X, Line 2: The University accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The University has identified its tax status as a tax-exempt entity as its only significant tax position; however, the University has determined that such tax position does not result in an uncertainty requiring recognition. In addition, the University has identified certain minor tax positions with respect to certain of its activities that management did not consider material and, accordingly, such amounts were not recognized. The University's Federal and state tax returns are generally open for examination for three years following the date filed. Part XI, Line 2d - Other Adjustments: rental expenses 2,513,783. LOSS ON DEFEASEMENT OF DEBT -7,680,450. fundraising expenses 214,337. Part XII, Line 2d - Other Adjustments: rental expenses 2,513,783. fundraising expenses 214,337. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Lesley University's racially nondiscriminatory policy is widely publicized through a variety of print and electronic media. The notification language set forth in Section 403 of Rev. Proc. 75-50 is included in Lesley's brochures and other publications which are available to the general public. Schedule E, Part I, Line 6 The university receives financial aid and assistance from the federal government in the form of federal programs and grants administered by the Department of Education. Central America and the Caribbean 0 0 investing 6006456 North America 0 0 investing 960446 0 0 0 0 0 0 6966902 0 6966902 1 0 1 1 1 0 jim wilbur gala 221309 221309 60631 penn gala/exhibit 248924 248924 20700 133006 470233 470233 20700 193637 214337 255896 1 scholarships 2130 14052066 fmv scholarships are given out as bursar credits to the student's account. Part I, Line 2: All grants provided by the university are for financial aid to students. Grants and other assistance are related to institutional financial aid for which students apply through the financial aid office. All aid is awarded based on certain guidelines and is credited directly to students' tuition accounts. All awards are directly related to the students' education at the institution's physical location and online courses in the United States. Students are required to maintain satisfactory academic progress in order to continue to receive financial aid. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 jeff a weiss president 220205 0 0 0 276 0 0 0 14464 0 234945 0 0 0 Wayne Selase Williams Provost 262724 0 0 0 2884 0 12364 0 1528 0 279500 0 0 0 Mary Lou Batt VP of Administration 220730 0 0 0 1962 0 16018 0 2360 0 241070 0 0 0 Bernice Bradin VP of Finance/CFO 215526 0 0 0 2433 0 15056 0 11129 0 244144 0 0 0 Shirin Philipp VP & General Counsel 205208 0 0 0 279 0 13317 0 719 0 219523 0 0 0 Mary Lou Dymski VP of Budgeting & Financial planning 203220 0 0 0 1212 0 14632 0 715 0 219779 0 0 0 Jonathon H Gillette Dean of GSOE 195153 0 0 0 1684 0 12907 0 8981 0 218725 0 0 0 Janis M Sagarin VP of Advancement 179159 0 0 0 374 0 11682 0 20212 0 211427 0 0 0 Richard J Zauft Dean of LUCAD 179544 0 0 0 1034 0 11358 0 1416 0 193352 0 0 0 lisa ijiri Associate Provost 171794 0 0 0 2438 0 10953 0 2835 0 188020 0 0 0 Mary Patricia Lohse Chief of Staff/sr. advisor to pres. 161781 0 0 0 150 0 11827 0 30108 0 203866 0 0 0 timothy robison VP of Enrollment Management 164271 0 0 0 622 0 1810 0 16289 0 182992 0 0 0 Nathaniel G Mays Dean of Students 149113 0 0 0 450 0 10868 0 2490 0 162921 0 0 0 Irene Fountas Program Director, AFAC 167774 0 0 0 1383 0 12331 0 9544 0 191032 0 0 0 anne m collins Center Director, AFAC 122452 0 0 0 34669 0 9095 0 4393 0 170609 0 0 0 george smith Dir. of Operations & Campus planning 147551 0 0 0 2728 0 11132 0 18072 0 179483 0 0 0 JONATHAN K JEFFERSON Chair, Business & Communication 126344 0 0 0 38165 0 8011 0 1272 0 173792 0 0 0 Joseph B Moore President (former) 438910 0 40000 0 180664 0 79977 0 46343 0 785894 0 0 0 Part I, Line 1a When the president's spouse travels and it is paid for by the university, she is performing duties on behalf of the university. The President resides in a university-owned housing, which is less than 1/2 mile from main campus. By locating him in close proximity to the University, it helps to make the President available for the daily interaction between the community and the University staff/students/alumni/donors and physical plants. The University-provided housing is geographically integrated with the University's educational property. The President's residence has been owned by the University for a substantial number of years. Prior Presidents have been required to reside there. The President performs many University tasks and functions at the residence. The residence is furnished for the convenience of the University and is required to be occupied by the President as a condition of his employment. As the University's principal fund-raiser, the President entertains actual or potential benefactors, visiting dignitaries and community leaders in the residence. The heaviness of the President's administrative workload, the presence of University-related social functions and the number of conferences scheduled with students or faculty members require access to the majority of the residence. In addition, the University conducts other events that are essential to its educational exemption. In lieu of the aforementioned intricacies of multiple uses by many multiple parties involved, it is impractical and would not be considered an accurate calculation of the fair market value of qualified campus lodging furnished to the President. Due to these factors, the University has decided to omit entering the estimated amount of tax free housing allowance provided in column F of Form 990, Part VII, Section A and Schedule J, Part II, Column D - "Nontaxable Benefits". The university provides a house cleaner for the president and also performs all necessary maintenance on the home. The president is also reimbursed for expenses relating to financial services advice. Part I, Line 4b joseph moore participated in a 457(f) retirement plan and the university contributed $172,498. Part I, Line 7 For the president of the university, a bonus of up to $50,000 may be awarded. The board of trustees determines the amount based on the board's assessment of the president achieving certain agreed upon goals. A Mass Health and Educational Facilities Authority 042456011 57586egp0 2009-03-10 56221393 Fund new capital projects 0 0 0 B mass development finance agency 043431814 57583r7z2 2011-03-30 32013314 Refinance existing debt and fund new capital projects 0 0 0 C mass development finance agency 043431814 000000000 2012-08-20 5030300 refinance existing debt 0 0 0 D mass development finance agency 043431814 57584xv57 2016-09-13 45905000 refinance existing debt and fund new capital projects 0 0 0 A 54313641 56221393 1103780 24146 611025 827429 49848618 28687 2010 0 0 1 1 B 32013314 1589607 -49929 497603 500819 3872932 1672796 2013 0 1 1 1 C 5030300 428 2012 0 1 1 1 D 55979787 18717 53211326 544696 1344873 3673843 0 1 0 1 A 0 0 0 0 0.00000 0.01330 0.01330 0 0 1 B 0 0 0 0 0.00000 0.03110 0.03110 0 0 1 C 0 0 0 0 0.00000 0.00290 0.00290 0 0 1 D 0 0 0 0 0.00000 0.01140 0.01140 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Date Rebate Computation Performed Issuer Name: Mass. Health and Educational Facilities Authority Date the Rebate Computation was Performed: 06/30/2017 Issuer Name: mass. development finance agency Date the Rebate Computation was Performed: 06/30/2017 john moriarty & associates spouse of trustee 274771 payment for construction services. 0 X 32 1446049 fmv on date of sale 0 0 1 0 Part I, Column (b): The number reported in Column (b) of Schedule M represents the number of contributions of each item. Line 4a continuation: Core Values Inquiry: Lesley University is devoted to academic excellence through active teaching, engaged learning, and individual student development. We design and deliver innovative, interdisciplinary academic programs that value inspired teachers, curious learners, relevant scholarship, and real-life application. Community: Learning is an individual and collective endeavor that involves students, educators, families, and communities. We believe in the power of collaboration and its impact on personal and social development. Diversity: Our community respects, values, and benefits from the individual, demographic and cultural differences of our students, faculty, and staff. As an academic community, our creativity, critical thinking, and problem-solving approaches are shaped by this diversity. Through their varied learning experiences, Lesley students develop the tools to effectively interact with diverse populations and strive for social justice and equity. Citizenship: Higher educational institutions have a responsibility to prepare their graduates to participate in the cultural, political and economic life of their community, nation and world. This democratic ideal is reflected in Lesley's academic environment that encourages scholarship, freedom of expression, and the open exchange of ideas. Form 990, Part VI, Section B, line 11b Once Management reviews the 990, it is forwarded to the Audit Committee for review. It is also placed on a secure website for all the trustees to review prior to filing. Form 990, Part VI, Section B, line 12c Each year, each member of the Board of Trustees, all officers and each key employee is asked to review the University's Conflict of Interest Policy and submit a disclosure statement regarding any conflicts of interest they may have. New Trustees and key employees are asked to review the Policy and submit a disclosure statement regarding any conflicts of interest they may have upon commencement of their term or their employment. The Assistant clerk collects the disclosure statements. The Policy describes a process for the review of potential and actual conflicts of interest by the Board of Trustees or a committee of the Board. Form 990, Part VI, Section B, line 15a PRESIDENT WEISS' EMPLOYMENT AGREEMENT AND COMPENSATION WERE REVIEWED AND APPROVED IN ADVANCE BY THE INDEPENDENT MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. IN MAKING ITS DECISION, THE BOARD OF TRUSTEES REVIEWED COMPARABILITY DATA PROVIDED BY A THIRD- PARTY COMPENSATION CONSULTANT. THE BOARD'S DECISION WAS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. Form 990, Part VI, Section C, line 19 All governing documents and financial statements are available upon request. Our financial statements are also available on the NACUBO website. Our Forms 990 (current and prior three years) are also available on the Official Website of the Attorney General of Massachusetts at www.charities.ago.state.ma.us and GuideStar at www2.guidestar.org. We also make our Form 990, IRS Determination Letter, Form 990-T, articles of organization, and bylaws available to the public upon request. Our audited financial statements are also available on the Official Website of the Attorney General of Massachusetts at www.charities.ago.state.ma.us. Form 990, Part XI, line 9: LOSS OM DEFEASEMENT OF DEBT -7,680,450.