2017-05-12T07:18:26-05:00 2016-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2015-07-01 042103865 Bay Path University % John E O'Rourke III BAYP 4135651000 588 Longmeadow Street Longmeadow MA 01106 MICHAEL GIAMPIETRO VP FINANCE & ADMIN 4135651000 2017-05-09 true SHY JOSEPH P01085371 6179881000 2017-05-08 2015 2021-01-29 14:40:06Z MICHAEL GIAMPIETRO 588 Longmeadow Street Longmeadow MA 01106 75748909 false X www.baypath.edu X 1940 MA A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES WITH AN INNOVATIVE APPROACH TO LEARNING. 36 36 1352 195 1391 -4761 3752705 4060212 52337399 59088701 2227006 2930210 738655 850647 59055765 66929770 10717109 12067820 0 0 27015690 29240027 21277 21045 1043813 17414679 18857348 55168755 60186240 3887010 6743530 97840995 101810985 27169173 28400044 70671822 73410941 X A Bay Path University education empowers undergraduate women and graduate women and men to become leaders in their careers and communities with an innovative approach to learning that prepares students to flourish in a constantly changing world. see schedule o. false false 49828971 12067820 55697885 The University provides instructions, academic support, student services, and student financial aid to carry out its exempt purposes, serving approximately 3110 students. 2039597 4131681 Auxiliary enterprises provide services for the convenience of the students, faculty, and staff. This includes dining services, student housing, the bookstore, and other miscellaneous services. The University served approximately 3,110 students, including approximately 300 resident students. 51868568 true true false false false false false false true true true false false false true true true false true true true false true true false false false true true true true false false false false false false false true false false true false false false false false false false true 4101 0 true 1352 true true true true CJ false false false true true false false false false X 36 36 false false false false false false false true true false false false true true true true true true true false MA X John E O'Rourke III 4135651219 585 Longmeadow Street Longmeadow MA 01106 X Susan Davis Abello Trustee 1.0 0.0 X 0 0 0 Delcie D Bean IV Trustee 1.0 0.0 X 0 0 0 Kay Bernon Trustee 1.0 0.0 X 0 0 0 Jonathan F Besse Trustee 1.0 0.0 X 0 0 0 Roberta B Bolduc Trustee 1.0 0.0 X 0 0 0 James M Brennan Trustee 1.0 0.0 X 0 0 0 Cindy M Burke Trustee 1.0 0.0 X 0 0 0 Carrie Burr Trustee 1.0 0.0 X 0 0 0 Mary A Bushnell Trustee 1.0 0.0 X 0 0 0 Martin M Caine Trustee 1.0 0.0 X 0 0 0 Susanne E Churchill Trustee 1.0 0.0 X 0 0 0 Andrew M Davis Trustee 1.0 0.0 X 0 0 0 Kathleen A Devlin Trustee 1.0 0.0 X 0 0 0 Dianne Fuller Doherty Trustee 1.0 0.0 X 0 0 0 Karen L Glaser Trustee 1.0 0.0 X 0 0 0 Anne B Hammer Trustee 1.0 0.0 X 0 0 0 Samuel R Hanmer Trustee 1.0 0.0 X 0 0 0 John F Heaps Jr trustee 1.0 0.0 X 0 0 0 Stephen D Hoyt Trustee 1.0 0.0 X 0 0 0 George C Keady III Trustee, Board Chair 5.0 0.0 X X 0 0 0 Estela R Lopez PhD Trustee 1.0 0.0 X 0 0 0 Grace Makari-Judson MD Trustee 1.0 0.0 X 0 0 0 Angie B McGinnis Trustee 1.0 0.0 X 0 0 0 Robyn A Newhouse PhD Trustee 1.0 0.0 X 0 0 0 Patricia J Pierce CFA Trustee, Board Vice Chair 2.0 0.0 X X 0 0 0 Millie Roman-Buday Trustee 1.0 0.0 X 0 0 0 Lori S Roop Trustee 1.0 0.0 X 0 0 0 Jane E Roulier Trustee 1.0 0.0 X 0 0 0 Barbara Sadowsky Trustee 1.0 0.0 X 0 0 0 Yesenia Y Santos Trustee 1.0 0.0 X 0 0 0 Gloria Smith Trustee 1.0 0.0 X 0 0 0 Mary Ann Spencer CFA Trustee 1.0 0.0 X 0 0 0 Richard B Steele Trustee 1.0 0.0 X 0 0 0 Brian Tuohey Trustee 1.0 0.0 X 0 0 0 Joel L Vengco Trustee 1.0 0.0 X 0 0 0 Hamline C Wilson Trustee 1.0 0.0 X 0 0 0 Carol A Leary President 55.0 0.0 X 391571 0 78545 Melissa Morriss-Olson Provost/VP Academic Affairs 50.0 0.0 X 205894 0 26803 Michael Giampietro VP Finance & Admin Services 50.0 0.0 X 194262 0 39249 Barbara Kochon Secretary 50.0 0.0 X 98305 0 25874 Kathleen Bourque VP Institutional Advancement 50.0 0.0 X 151201 0 15893 Elizabeth Fleming Dean Ed. Human Health Sciences 50.0 0.0 X 148163 0 24022 Vana Nespor TAWC Cheif Strategy Officer 50.0 0.0 X 142810 0 15642 Caron Hobin Cheif Learning Officer 50.0 0.0 X 141004 0 28826 Thomas Loper Dean Sciences and Management 50.0 0.0 X 131277 0 27186 Ann Dobmeyer Dean Research & Acad Resources 50.0 0.0 X 129812 0 20709 1734299 0 302749 26 false true false Aramark Services Inc 1101 Market Street Philadelphia PA 19107 Food Service 1535336 Crocker Building Company Inc 186 Stafford Street Springfield MA 01104 Construction 1147315 ReachLocal 75 Wells Avenue Suite 105 Newton MA 02459 Adv. & Marketing 894441 Pandora Media Inc 25601 Network Place Chicago IL 606731256 ADVERTISING 346296 Masslivecom 1350 Main Street Springfield MA 01103 ADVERTISING 327643 18 1266 2388661 1670285 76538 4060212 Tuition and Fees 611310 54600363 54600363 Residence and Dining 611710 4133576 4133576 Women's Conference 611710 343349 343349 Theater Department 711110 11413 11413 59088701 738258 -4308 742566 0 0 173000 77934 95066 0 95066 95066 10928407 8736455 2191952 2191952 3201 2188751 9865 1266 2232 7633 7633 7103 2518 4585 4585 0 Foodservice 624200 261279 258781 2498 Bookstore 451211 40960 40960 Other revenue 900099 441124 441124 743363 66929770 59829566 1391 3038601 10100 10100 11954904 11954904 102816 102816 0 1547946 575498 838944 133504 0 22800968 19352664 2867626 580678 1464680 1197705 240591 26384 1570869 1199523 299262 72084 1855564 1574938 233370 47256 0 95380 95380 93500 93500 0 21045 21045 0 3532095 2839510 648450 44135 4419297 4307313 111984 1810200 1569661 208109 32430 504622 461242 43380 0 1475469 1270085 205384 408575 352608 32927 23040 0 145065 106442 32230 6393 631518 505214 126304 0 3134047 2728199 405848 209018 209018 Student Board 1218047 1218047 Memberships 123726 72723 48204 2799 Entertainment 590452 418270 118228 53954 . 0 0 0 0 466337 51106 415120 111 60186240 51868568 7273859 1043813 0 0 2343388 3069256 1137982 1157637 1125715 2252024 0 0 0 0 2415750 2402606 49685 47312 836298 796675 81603419 41538723 39873961 40064696 46579715 48809238 3478501 3211541 0 0 0 0 0 0 97840995 101810985 2415618 3872615 752904 752904 2656057 2928172 19364699 18809227 141743 143300 0 0 0 0 0 0 1838152 1893826 27169173 28400044 X 58614802 61416128 3838404 3526222 8218616 8468591 70671822 73410941 97840995 101810985 X 6743530 -4001356 -3055 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 41457507 657398 -1064015 206603 19495 40824792 40865240 826440 -53727 161243 19203 41457507 35354876 583754 5399947 137567 335770 40865240 31742637 562033 3214619 150208 14205 35354876 31902121 422915 -405706 156926 19767 31742637 0.78150 0.20200 0.01650 true false 5671967 5671967 820039 49414871 20360255 29874655 649043 553972 95071 24185022 20624496 3560526 862477 862477 40064696 0 ASSET RETIREMENT OBLIGATIONS 1585310 ANNUITY OBLIGATIONS 308516 1893826 X 50915992 -4001356 -12057480 -16058836 66974828 -45058 -45058 66929770 48178403 49643 49643 48128760 12057480 12057480 60186240 Schedule D, Part IV, Line 2b The University holds deposits from students as security for residential dormitory damage, as well as tuition deposits, In addition, the University owns and rents residential properties near the campus. The tenants security deposits are maintained in escrow accounts at a local bank. Schedule D, Part V, Line 4 The Universitys endowment fund is an investment portfolio comprised of donor-restricted (true) and board-designated (quasi) endowment funds. The intentions of the fund are to generate a total return that preserves the long-term real purchasing power of the endowment funds and provides a relatively predictable and increasing revenue stream to be used for donor-specified and board-designated purposes that support the mission of the University. For Schedule D, University contributions include funds transferred from donor restricted funds to the unrestricted quasi-endowment fund to support the donor-restricted scholarships awarded during the year from liquid, unrestricted investments. Schedule D, Part X, Line 2 The University was granted an exempt status under Internal Revenue Code (IRC) Section 501(a) as an organization described under Internal Revenue Code Section 501(c)(3). Under IRC Section 501(a), the University is generally exempt from taxes on related income. Tax positions taken or expected to be taken, including the position that the University qualifies as a tax exempt entity, are required to be evaluated to determine whether the tax positions are 'more-likely-than-not' to be upheld under regulatory review. Tax positions not deemed to meet the more-likely-than not threshold would be accrued and disclosed in the financial statements. There are no uncertain tax positions that require accrual or disclosure at June 30, 2016 or 2015. SCHEDULE D, PART XI, LINE 2D SCHOLARSHIPS $(12,057,480) SCHEDULE D, PART XI, LINE 4B RENTAL PROPERTY EXPENSE $ (47,411) RAFFLE NET INCOME $ 4,585 FUNDRAISING EXPENSE $ (2,232) ----------- TOTAL $ (45,058) SCHEDULE D, PART XII, LINE 2D RENTAL PROPERTY EXPENSE $ 47,411 FUNDRAISING EXPENSE $ 2,232 --------- TOTAL $ 49,643 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 12,057,480 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 Publications, applications, registration forms, newspaper advertisements, and summer program materials make reference to the Universitys racially nondiscriminatory policy. SCHEDULE E, PART I, LINE 6 All federal and state funds received are expended entirely for student financial aid in accordance with the U.S. Office of Management and Budget Circular A-133 for federal funds, and with specific requirements applicable to the Massachusetts Office of Student Financial Assistance Programs for state funds. true Europe (Including Iceland and Greenland) Program Services Study Abroad 9483 East Asia and the Pacific Program Services Marketing 3167 Europe (Including Iceland and Greenland) Program Services Laboratory Licensing 25000 East Asia and the Pacific Program Services Agents' Commissions 1697 East Asia and the Pacific Grantmaking 73276 Middle East and North Africa Grantmaking 21050 Sub-Saharan Africa Grantmaking 2500 North America Grantmaking 8250 Central America and the Caribbean Investments 2671124 2815547 2815547 Education East Asia and the Pacific 5 73276 Credit Acct Education Middle East and North Africa 3 21050 Credit Acct EDUCATION North America 1 8250 CREDIT ACCT true false true true true true Schedule F, Part I, Line 2 All grants and assistance to individuals outside of the United States are given as scholarships toward tuition for foreign students to attend Bay Path University. These scholarships are monitored by the Universitys Financial Aid staff based on the students merit and need. X X X X X X X true Washburn McGoldrick LLC 24 N Bryn Mawr Ave 252 Bryn Mawr PA 19010 Consulting false 21045 -21045 21045 -21045 MA true SPRINGFIELD PUBLIC FORUM INC PO BOX 5374 SPRINGFIELD MA 01101 046190443 501(C)(3) 6250 SPEAKER SERIES 1 Scholarships and aid to students 987 11954904 Schedule I, Part I, Line 2 Bay Path University receives grant money from federal and state government agencies for student financial aid. This grant money is disbursed to student accounts as it is received by the University. Student awards are based on the federal and state guidelines for each type of grant. Grants to charitable organizations are made in accordance with established financial policies and procedures. X X X X true true X X X false false false false false false false false false Carol A Leary President 391571 0 0 0 0 0 40500 0 38045 0 470116 0 0 0 Melissa Morriss-Olson Provost/VP Academic Affairs 205120 0 0 0 774 0 18330 0 8473 0 232697 0 0 0 Michael Giampietro VP Finance & Admin Services 193850 0 0 0 412 0 18057 0 21192 0 233511 0 0 0 Kathleen Bourque VP Institutional Advancement 150695 0 0 0 506 0 13427 0 2466 0 167094 0 0 0 Elizabeth Fleming Dean Ed. Human Health Sciences 147411 0 0 0 752 0 13453 0 10569 0 172185 0 0 0 Vana Nespor TAWC Cheif Strategy Officer 142175 0 0 0 635 0 12726 0 2916 0 158452 0 0 0 Caron Hobin Cheif Learning Officer 140503 0 0 0 501 0 13228 0 15598 0 169830 0 0 0 Thomas Loper Dean Sciences and Management 130712 0 0 0 565 0 12308 0 14878 0 158463 0 0 0 Ann Dobmeyer Dean Research & Acad Resources 129290 0 0 0 522 0 11657 0 9052 0 150521 0 0 0 Schedule J, Part I, Line 1a The Presidents employment contract allows for spousal travel. The travel is on a limited basis and typically involves the spouses service as a chaperone on the annual honors students trip to a world capital. The President resides in a University-owned house near the campus as required in her contract. Numerous functions take place at the Presidents home in support of the Universitys mission. Donors, staff, and students are welcomed throughout the year. Given the visibility of and the many events that take place at the Presidents residence, a University employee cleans the home at virtually no extra costs to the University. The availability and approachability of the President is a key element to instilling the sense of community and caring that is central to the Universitys mission. The University pays for the Presidents membership in a local country club and a social club, entirely for business purposes. The value of the Presidents housing is $18,648 for the year and is included in her Schedule J, Part II, Column (D) compensation. A Massachuesetts Development Fin Agency SERIES 2013 043431814 2013-12-23 19500000 CONSTRUCT/EQUIPT/REFUND 2006 false false false A 561230 0 19500000 0 0 0 100000 0 0 12108657 6734874 556469 2014 true false false true A false false true true false 0.00004 0.00004 false false false true A false true true false true false 0 false 0 false true A false Schedule K, Part II, Line 11 12/23/2013 $19,500,000 Massachusetts Development Finance Agency Other spent proceeds of $6,734,874 represents the amount used to pay off the outstanding balance of a prior bond issue. SCHEDULE K, PART V THE COLLEGE IS WORKING TO REVISE THEIR WRITTEN POLICY TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1521354 FOOD SERVICE false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1167044 GROUP INSURANCE PREMIUMS false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 315759 BOND INTEREST false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 281312 CONSTRUCTION false X 11 76538 FMV false true true Schedule M, Part I, Line 32b The University used a third party to sell gifts of stock. Form 990, Part III, Line 1 The Bay Path experience is nothing less than transformational. Our women-only undergraduate programs and our coeducational graduate programs are offered both on-campus and online, providing a flexible, 21st-Century education for learners at all stages of life and career. Bay Path students find a supportive and diverse community, close mentoring, and rigorous preparation for success in a complex and globally interdependent society. Students graduate with the applied knowledge, portable skillset, and confidence to thrive in their professions, identify and realize their dreams, and make a lasting difference in the world. Form 990, Part VI, Section B, Line 11b Prior to the filing of the Form 990, a complete copy is reviewed by the Universitys Vice President for Finance & Administrative Services, as well as the Audit Committee of the Board of Trustees. A public disclosure copy is provided, via the Trustees internet portal, to all members of the Board of Trustees prior to the filing date. At the June meeting of the full Board of Trustees, the Audit Committee chairperson delivers a summary report of the Form 990. Form 990, Part VI, Section B, Line 12c In accordance with the Universitys Conflict of Interest Policy for Trustees, as contained in the Board of Trustees Bylaws, all trustees and officers are required to complete at least annually a Conflict of Interest Questionnaire and submit it to the Audit Committee of the Board of Trustees. Additionally, any potential conflict of interest which arises mid-term is required to be submitted to the Audit Committee at the earliest practical time. No trustee or officer shall vote or participate in any discussion on any matter under consideration at a Board or committee meeting, in which such trustee or officer has a conflict of interest. Any trustee or officer who is uncertain whether he/she has a conflict of interest may request the Audit Committee to make a determination in such regard, and the Audit Committee may seek an opinion from counsel for the University in such matter. The University also requires all employees to complete annually a Conflict of interest Disclosure Form and submit it to their respective divisional vice president for review. If an employee discloses active or intended participation in an activity that is a potential conflict of interest, the supervisor and divisional vice president will evaluate the disclosure to determine the appropriate action to be taken. The employee may be asked to discontinue participation in the activity if it is determined to be a conflict of interest. Form 990, Part VI, Section B, Line 15 The Compensation Sub-committee ('Sub-committee') of the Executive Committee of the Board of Trustees has the responsibility for reviewing and recommending the University Presidents and Officers'/Key Employees compensation to the Executive Committee. The sub-committee considers comparative data from peer institutions, other womens colleges, and other colleges in Massachusetts in determining the amount of compensation. The sub-committee also reviews accomplishments in comparison to planned goals and objectives. The Executive Committee, comprised of independent Board of Trustee members, approves the Presidents and Officers'/Key Employees compensation. Form 990, Part VI, Section C, Line 19 The Universitys Form 990 and 990-T are available for public inspection at the office of the Vice President for Finance & Administrative Services upon written request. Additionally, the Universitys Federal Form 990 and Massachusetts Form PC, as well as audited financial statements, are available on the website of the Massachusetts Attorney Generals office, Public Charities Division. Requests for copies of bylaws, conflict of interest policies, and financial statements are directed to the Vice President for Finance & Administrative Services for a response. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES RAFFLE NET INCOME $(4,585) PRIOR PERIOD ADJUSTMENT $ 1,530 ----------- TOTAL $(3,055)