2017-05-05T07:52:21-05:00 2016-06-30 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2015-07-01 042108376 Western New England University % WILLIAM J KELLEHER WEST 4137821288 1215 Wilbraham Road Springfield MA 01119 WILLIAM J KELLEHER VP FOR FINANCE 4137821288 2017-05-01 true Shyamalee Joseph P01085371 6179881000 2017-04-18 2015 2021-01-29 14:40:06Z Anthony Caprio 1215 Wilbraham Road Springfield MA 01119 158411294 false X WWW.WNE.EDU X 1951 MA THE UNIVERSITY IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY AND LAW. 37 34 2889 941 0 0 4102366 4222733 143888764 144689082 3385305 3246706 1118181 831730 152494616 152990251 41682467 43703913 0 0 67605480 68709972 28091 55252 1127318 37224389 38396961 146540427 150866098 5954189 2124153 222303611 221595784 99629417 103265592 122674194 118330192 X See Schedule O false false 90357144 38327750 91428819 THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE MORE THAN 2,700 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 40 STATES, U.S. VIRGIN ISLANDS, BERMUDA, AND 21 FOREIGN COUNTRIES. STUDENTS ARE OFFERED AN OPPORTUNITY TO STUDY IN MORE THAN 60 UNDERGRADUATE PROGRAMS. 26655067 5376163 30984623 IN ADDITION TO A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS A NUMBER OF GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW AND PHARMACY. THE UNIVERSITY ALSO OFFERS PH.D. PROGRAMS IN BEHAVIORAL ANALYSIS AND ENGINEERING MANAGEMENT. 17354875 22788376 THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES AND PROFESSIONAL STUDENTS THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 1,800 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. 134367086 true true false false false false false false false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false true false true true false false false true true false false true 225 0 true 2889 true false true UC false false false true true false false false false X 37 34 false false false false false false false true true false false true true true true true true true true false MA X X WILLIAM J KELLEHER 4137821288 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 NEVILLE S BOGLE TRUSTEE 1.0 0.0 X 0 0 0 JOHN J BRENNAN TRUSTEE 1.0 0.0 X 0 0 0 RHEO BROUILLARD TRUSTEE 1.0 0.0 X 0 0 0 THOMAS R BURTON TRUSTEE 1.0 0.0 X 0 0 0 DR ANTHONY S CAPRIO PRESIDENT 40.0 0.0 X X 583864 0 38571 CARMEL A CARAMAGNA TRUSTEE 1.0 0.0 X 0 0 0 ROBERT W CLARKE SECRETARY 1.0 0.0 X X 0 0 0 NORMA L COLACCINO TRUSTEE 1.0 0.0 X 0 0 0 ALEXANDER M CORL TRUSTEE 1.0 0.0 X 0 0 0 THOMAS M COWIN JULY 2015 TRUSTEE 1.0 X 0 0 0 GARY T CROMACK JULY 2015 TRUSTEE 1.0 0.0 X 0 0 0 KEVIN S DELBRIDGE TRUSTEE 1.0 0.0 X 0 0 0 ROCCO J FALCONE II TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J FLYNN TRUSTEE 1.0 0.0 X 0 0 0 DENIS G GAGNON TRUSTEE 1.0 0.0 X 0 0 0 MARSHALL A HART TRUSTEE 1.0 0.0 X 0 0 0 ANDREW T HENSHON TRUSTEE 1.0 0.0 X 0 0 0 DIANA H HORAN TRUSTEE 1.0 0.0 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.0 0.0 X 0 0 0 STANLEY KOWALSKI III TRUSTEE 1.0 0.0 X 0 0 0 DR BARBARA A LENK TRUSTEE 1.0 0.0 X 0 0 0 AMY B LEWIS TRUSTEE 1.0 0.0 X 0 0 0 DENNIS M LIND TRUSTEE 1.0 0.0 X 0 0 0 EDWIN W LINDSAY TRUSTEE 1.0 0.0 X 0 0 0 MAURA C MCCAFFREY TRUSTEE 1.0 0.0 X 0 0 0 JOHN M MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 KRISTIN L MURPHY TRUSTEE 1.0 0.0 X 0 0 0 DR CARMEN GUEVARA NEUBERGER TRUSTEE 1.0 0.0 X 0 0 0 KENNETH M RICKSON VICE CHAIRMAN AND TREASURER 1.0 0.0 X X 0 0 0 STEPHEN J ROURKE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT E SALAD TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL A SERAFINO CHAIRMAN 1.0 0.0 X X 0 0 0 KATHLEEN A SHEA JULY 2015 TRUSTEE 1.0 0.0 X 0 0 0 PETER STEINGRABER TRUSTEE 1.0 0.0 X 0 0 0 GARY F THOMAS JULY 2015 TRUSTEE 1.0 0.0 X 0 0 0 ALLISON P WERDER TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN A WHITE JULY 2015 TRUSTEE 1.0 0.0 X 0 0 0 DR LINDA E JONES VP FOR ACADEMIC AFFAIRS 40.0 0.0 X 217337 0 26158 WILLIAM J KELLEHER VP FOR FINANCE AND ADMIN 40.0 0.0 X 253220 0 35993 WILLIAM G BAKER PROFESSOR OF LAW 40.0 0.0 X 430515 0 25115 S HOSSEIN CHERAGHI DEAN, SCHOOL OF ENGINEERING 40.0 0.0 X 217853 0 33179 JAMES W GORDON PROFESSOR OF LAW 40.0 0.0 X 325303 0 17338 ERIC J GOUVIN DEAN, SCHOOL OF LAW 40.0 0.0 X 238772 0 32584 FREDERICK D ROYAL ASSOC. DEAN LLM, PROF. OF LAW 40.0 0.0 X 264234 0 29835 2531098 0 238773 121 false true false SPARK451 INC 865 MERRICK AVE STE 451 WESTBURY NY 11590 MULTI-CHANNEL ADS 412432 MARKET MENTORS LLC 30 CAPITAL DRIVE SUITE C WEST SPRINGFIELD MA 01089 MEDIA ADVERTISING 356953 KING WARD COACHLINES 70 JUSTIN DRIVE CHICOPEE MA 01022 PROF. TRANSP. SVCS. 238539 NEW ENGLAND CENTER FOR CHILDREN PO BOX 845108 BOSTON MA 022845108 AUTISM RSCH AND EDU. 198284 PEARSON SYSTEMS INC PO BOX 180 WEST SPRINGFIELD MA 01090 GENERAL CONTRACTOR 169472 19 71505 1192726 2958502 159154 4222733 Tuition and Fees 611710 120485406 120485406 Auxilliary Sales and Services 611710 22788376 22788376 Interest on Student Loan 611710 169817 169817 Sponsored Research 611710 1245483 1245483 144689082 605550 0 605550 0 49516 49516 48928 0 48928 0 48928 48928 8015883 0 5374727 2641156 0 2641156 2641156 56622 71505 46316 10306 10306 0 0 0 STUDENT FUNDRAISING INCOME 611710 271313 271313 EVENTS REGISTRATION 611710 63332 63332 COMMISSIONS 611710 23027 23027 365308 178091 187217 722980 152990251 145201818 0 3565700 0 43179267 43179267 524646 524646 0 1191863 247653 883962 60248 93247 93247 49267436 43112410 5589763 565263 4443987 3819905 569094 54988 10056477 7599367 2323180 133930 3656962 3143405 468308 45249 0 101316 101316 119667 119667 0 55252 55252 218158 218158 7087324 6594693 492631 1655133 777331 805211 72591 4738537 4234895 455451 48191 220678 120000 100678 0 3421558 3191262 230296 2126066 1979497 109484 37085 0 2145435 1847591 247566 50278 3493028 3388542 104486 0 8274107 7579098 695009 500648 97099 403549 Maintenance and Repairs 1868237 1338415 529822 Non-Capitalized Equipment 567156 400901 166255 Membership and Dues 302541 174324 123974 4243 Non-Capitalized Improvements 107949 102799 5150 1449423 820739 628684 150866098 134367086 15371694 1127318 0 0 9948308 10588824 800974 546574 1668855 1583286 0 0 0 0 5297148 5094032 38915 39816 3086254 2479557 237374172 111253635 129657574 126120537 54256678 46474577 15988797 20624955 0 0 0 0 1560108 8043626 222303611 221595784 9158619 9708610 2962162 2962162 3336461 3161211 81708897 84844062 0 0 0 0 0 0 0 0 2463278 2589547 99629417 103265592 X 94092525 90782316 6509264 4290862 22072405 23257014 122674194 118330192 222303611 221595784 X 2124153 -6397303 -70852 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48878892 1322868 -2217819 2144344 47165 156200 45636232 48467806 857437 1815121 2026966 71503 163003 48878892 41624265 1038243 7936231 1895089 67762 168082 48467806 37020131 1364622 5304030 1828431 66088 169999 41624265 38576152 1054606 -631059 1758493 65063 156012 37020131 0.46000 0.49000 0.05000 false false 4525765 4525765 200119768 83600343 116519425 32728639 27653292 5075347 126120537 HEDGE FUNDS 9772364 F INVESTMENTS HELD IN TRUST 755100 F REAL ESTATE FUND 4642188 F LONG/SHORT EQUITY INVESTMENTS 5455303 F 20624955 0 DEPOSITS 330403 ASSETS HELD FOR OTHERS 2055667 CAPITAL LEASE OBLIGATION 203477 2589547 X 146303938 -6397303 -70852 -6468155 152772093 218158 218158 152990251 150647940 150647940 218158 218158 150866098 PART V, LINE 4 ENDOWMENT FUNDS THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO CLARIFY, IN WRITING, ANY AMBIGUITY ON GIFTS TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. APPROXIMATELY 46% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. THE MAJORITY OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD-APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER ROLLING AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2016 WAS 4.45%. PART X, LINE 2 ASC 740 FOOTNOTE IN NOVEMBER 1956, THE UNIVERSITY WAS GRANTED EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D OTHER AMOUNTS INCLUDED ON FINANCIAL STATEMENTS BUT NOT ON FORM 990 CHANGE IN SPLIT INTEREST AGREEMENTS ($70,852) true true true true true true true false false false false false false false false true false true PART I, LINE 3 NONDISCRIMINATION POLICY WESTERN NEW ENGLAND UNIVERSITY'S NONDISCRIMINATION POLICY IS SPECIFICALLY STATED IN THEIR BY-LAWS AND IS INCLUDED IN ALL PRINTED MATERIALS. PART I, LINE 6 GOVERNMENT AID FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES CONSIST OF US DEPARTMENT OF EDUCATION FINANCIAL AID, STATE OF MASSACHUSETTS FINANCIAL AID, AND FEDERAL AND STATE RESEARCH GRANT FUNDS. true Central America and the Caribbean PROGRAM SERVICES UNDERGRAD EDUCATION 73648 East Asia and the Pacific PROGRAM SERVICES UNDERGRAD EDUCATION 126196 Europe (Including Iceland and Greenland) Program Services UNDERGRAD EDUCATION 992857 Middle East and North Africa Program Services UNDERGRAD EDUCATION 38509 North America Program Services UNDERGRAD EDUCATION 49252 Russia and the Newly Independent States Program Services UNDERGRAD EDUCATION 19500 South America Program Services UNDERGRAD EDUCATION 98071 South Asia Program Services UNDERGRAD EDUCATION 21971 Sub-Saharan Africa Program Services UNDERGRAD EDUCATION 70294 Central America and the Caribbean Investments 9772364 11262662 11262662 Internal Scholarship East Asia and the Pacific 5 48000 Acct. Credit Internal Scholarship Europe (Including Iceland and Greenland) 12 280116 Acct. Credit Internal Scholarship Middle East and North Africa 1 12000 Acct. Credit Internal Scholarship North America 3 43000 Acct. Credit Internal Scholarship Russia and the Newly Independent States 2 19500 Acct. Credit Internal Scholarship South America 5 54000 Acct. Credit Internal Scholarship South Asia 2 16000 Acct. Credit Internal Scholarship Sub-Saharan Africa 3 52030 Acct. Credit false false true true false false PART I, LINE 2 MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. ALL GRANT FUNDS ARE MONITORED WITH AT LEAST TWO DIFFERENT DEPARTMENTS WHICH CREATES CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED TO EACH DRAW DOWN. PART I, LINE 3 FOREIGN EXPENDITURES AND INVESTMENTS EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2016, IN ACCORDANCE WITH US GAAP. X X X X X X X true MARTS LUNDY CONSULTING false 55252 -55252 55252 -55252 MA ATHL-GOLF TOURN 66505 48750 17755 1704 9172 4340 452 ALUM-GOLF TOURN 39292 17540 21752 5269 8727 4831 655 1 22330 5215 17115 3337 3351 3993 250 235 128127 71505 56622 10310 21250 13164 250 1342 46316 10306 PART I, LINE 2A PROFESSIONAL FUNDRAISING SERVICES THE CONSULTING FIRM OF MARTS & LUNDY WAS ENGAGED BY THE UNIVERSITY TO ASSIST WITH FUTURE CAMPAIGN PLANNING. true Internal Scholarship 2320 42387341 College Work Study 896 547217 SEOG Federal Financial Aid 88 244709 PART 1, LINE 2 MONITOR THE USE OF GRANT FUNDS IN U.S. ALL GRANT FUNDS ARE MONITORED WITH AT LEAST TWO DIFFERENT DEPARTMENTS WHICH CREATES CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED TO EACH DRAW DOWN. X X true true X X X X false false false false false false false true false DR ANTHONY S CAPRIO PRESIDENT 512437 0 43700 0 27727 0 23850 0 14721 0 622435 0 0 0 DR LINDA E JONES VP FOR ACADEMIC AFFAIRS 214620 0 0 0 2717 0 19523 0 6635 0 243495 0 0 0 WILLIAM J KELLEHER VP FOR FINANCE AND ADMIN 249319 0 0 0 3901 0 22899 0 13094 0 289213 0 0 0 WILLIAM G BAKER PROFESSOR OF LAW 207768 0 221452 0 1295 0 16838 0 8277 0 455630 0 0 0 S HOSSEIN CHERAGHI DEAN, SCHOOL OF ENGINEERING 216563 0 0 0 1290 0 19937 0 13242 0 251032 0 0 0 JAMES W GORDON PROFESSOR OF LAW 101430 0 221452 0 2421 0 9063 0 8275 0 342641 0 0 0 ERIC J GOUVIN DEAN, SCHOOL OF LAW 238082 0 0 0 690 0 19582 0 13002 0 271356 0 0 0 FREDERICK D ROYAL ASSOC. DEAN LLM, PROF. OF LAW 260289 0 0 0 3945 0 23702 0 6133 0 294069 0 0 0 SCHEDULE J, PART I, LINES 1A AND 1B BENEFITS THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IS REIMBURSED FOR SNOW REMOVAL AND LAWN CARE. THE PRESIDENTS HOUSING ALLOWANCE IS INCLUDED IN HIS TAXABLE COMPENSATION. THE PRESIDENT SUBMITS RECEIPTS AND IS REIMBURSED FOR HIS SNOW REMOVAL AND LAWN CARE EXPENSES THROUGH PAYROLL AS A TAXABLE REIMBURSEMENT. THE INFORMATION IS REPORTED TO PAYROLL AND IS INCLUDED IN HIS TAXABLE COMPENSATION. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES THE SNOW REMOVAL AND LAWN CARE EXPENSE REIMBURSEMENT. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. ALSO THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A MEMBERSHIP TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE INSTITUTION; THUS, THE UNIVERSITY PAYS FOR A MEMBERSHIP AND RELATED EXPENSES TO ONE SOCIAL CLUB. THE MEMBERSHIP AND RELATED EXPENSES ARE FOR USE OF UNIVERSITY BUSINESS ONLY AND ARE PAID THROUGH ACCOUNTS PAYABLE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES ALL EXPENSES RELATING TO THIS. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. SCHEDULE J, PART I, QUESTION 7 NON-FIXED PAYMENTS WILLIAM BAKER AND JAMES GORDON EACH RECIEVED PAYMENTS OF $221,452. ANY TENURED FACULTY WITH 20 YEARS OF FULL-TIME CONTINUOUS SERVICE WHO IS AT LEAST 58 YEARS OF AGE AND NOT MORE THAN THE AGE TO RECEIVE FULL SOCIAL SECURITY BENEFITS IS ELIGIBLE TO PARTICIPATE. THE COMPENSATION IS BASED ON THE ELIGIBLE FACULTY MEMBER'S NINE-MONTH BASE CONTRACTED ACADEMIC SALARY. THE COMPENSATION IS ONE-TWELFTH OF HIS/HER ANNUAL SALARY, FOR EACH 1.5 YEARS OF FULL-TIME CONTINUOUS SERVICE NOT TO EXCEED $221,452. ANTHONY S. CAPRIO RECEIVED A BONUS OF $43,700 UNDER THE VARIABLE CASH COMPENSATION PLAN FOR THE PRESIDENT. THE PLAN IS DESIGNED TO RECOGNIZE THE INEQUITY IMPOSED ON HIGHER COMPENSATED INDIVIDUALS AS A RESULT OF THE IRS LIMIT ON QUALIFIED PLANS. THE VARIABLE CASH COMPENSATION CALCULATION IS THE DIFFERENCE BETWEEN BASE COMPENSATION FOR THE PRIOR FISCAL YEAR AND THE CURRENT YEAR IRS COMPENSATION LIMIT IMPOSED UNDER CODE SECTION 401(A)(17). THE RATE APPLIED TO THE DIFFERENCE CALCULATED IS DETERMINED ANNUALLY BY THE UNIVERSITY COMPENSATION SUB-COMMITTEE. THE RATE IS BASED ON PERFORMANCE AND IS NOT TO EXCEED 20%. A MDFA - SERIES 2008 043431814 2008-05-29 5000000 CONSTRUCTION - LAW SCHOOL ADDITION false false false B MDFA - SERIES 2009C 043431814 2009-11-09 43000000 CONSTRUCT - NEW ACADEMIC BUILDING false false false C MDFA - SERIES 2011D 043431814 2011-12-20 8380000 CONSTRUCT - EXISTING ACADEMIC BLDG false false false D MDFA - SERIES 2015 043431814 57584XHE4 2015-12-22 39201607 RFND ISS 10/19/2005 CNSTR NEW HALL false false false A 1543863 0 5000000 0 0 0 61819 0 0 4938181 0 0 2008 false false true true B 7767723 0 43000000 0 0 0 165500 0 0 42834500 0 0 2011 false false true true C 594539 0 8380000 0 0 0 121620 0 0 8258380 0 0 2012 false false true true D 0 0 39201607 0 0 0 462177 0 0 8079556 30659874 0 2017 true false false true A false false true true false 0 false false false false B false false true true false 0 false false false false C false false true true false 0 false false false false D false false true true false 0.00440 0.00440 false false false false A false false true false true false 0 false 0 false false B false false false true false false 0 false 0 false false C false false false true false false 0 false 0 false false D false true false false false false 0 false 0 false false A false B false C false D false PART III, QUESTION 3A FOR BONDS A, B, AND C ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. PART III, QUESTION 9 WESTERN NEW ENGLAND UNIVERSITY HAD NOT FORMALLY ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT ALL NONQUALIFIED BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS UNDER REGULATIONS SECTION 1.141-12 AND 1.145-2; THE UNIVERSITY DID MONITOR THE PROCEDURES WITHOUT THE FORMAL WRITTEN POLICY. CURRENTLY THE NECESSARY WRITTEN PROCEDURES EXIST IN DRAFT FORM AND ARE UNDERGOING THE ADMINISTRATIVE REVIEW AND APPROVAL PROCESS AT THE UNIVERSITY THAT IS REQUIRED FOR FORMAL IMPLEMENTATION. PART IV, QUESTION 2C DATE OF REBATE COMPUTATION THE REBATE COMPUTATIONS WERE PERFORMED AS FOLLOWS: MDFA SERIES 2009C - AS OF 11/9/2015 MDFA SERIES 2011D - AS OF 12/20/2015 THE REBATE COMPUTATION FOR THE MDFA SERIES 2008 BOND WAS COMPLETED AS OF 10/30/2012 AND WAS DEEMED TO SATISFY SECTION 148(F) OF THE CODE UNDER THE SIX MONTH SPENDING EXCEPTION ACCORDING TO SECTION 1.148-7(C) OF THE REGULATIONS. PART IV, QUESTION 7 AND PART V PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148 AND TO UNDERTAKE CORRECTIVE ACTION: WESTERN NEW ENGLAND UNIVERSITY HAD NOT FORMALLY ESTABLISHED WRITTEN PROCEDURES TO MONITOR REQUIREMENTS OF SECTION 148 AND TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER THE REGULATIONS; HOWEVER, THE UNIVERSITY DID COMPLY WITH THE REQUIREMENTS EVEN THOUGH THE PROCEDURES WERE NOT FORMALLY WRITTEN AND IMPLEMENTED. CURRENTLY THE NECESSARY WRITTEN PROCEDURES EXIST IN DRAFT FORM AND ARE UNDERGOING THE ADMINISTRATIVE REVIEW AND APPROVAL PROCESS AT THE UNIVERSITY THAT IS REQUIRED FOR FORMAL IMPLEMENTATION. Y BOGLE SPOUSE OF TRUSTEE 79132 EMPLOYMENT false J O'SULLIVAN DAUGHTER OF TRUSTEE 14115 EMPLOYMENT false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 5312138 FOOD SERVICE VENDOR false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 261006 BOOKSTORE VENDOR false SUBSTANTIAL CONTRIBUTOR SUBST. CONTRIBUTOR 244616 TRANSPORTATION VENDOR false X 5 1225 EST. RETAIL VALUE X 11 85439 AVERAGE MARKET VALUE X EQUIPMENT 32 2961 EST. RETAIL VALUE X EQUIPMENT 30 67397 ACTUAL INVOICE X ALUMNI EVENT 1 2132 EST. RETAIL VALUE false true false FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION STATEMENT WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, AND PHARMACY, AND SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, ENGINEERING, AND SOCIAL WORK, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM-SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE POSITIONED WELL TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. OUR CORE VALUES: *EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP, UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. *STUDENT-CENTERED LEARNING, PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. *A SENSE OF COMMUNITY, TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. *CULTIVATION OF A PLURALISTIC SOCIETY, CELEBRATING THE DIVERSITY OF OUR COMMUNITY, LOCALLY AND GLOBALLY, AND CREATING A COMMUNITY THAT FOSTERS TOLERANCE, INTEGRITY, ACCOUNTABILITY, CITIZENSHIP, AND SOCIAL RESPONSIBILITY. *INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION, CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. *COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE, PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. *STEWARDSHIP OF OUR CAMPUS, CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. OUR VISION FOR APPROACHING OUR SECOND CENTURY: IN 2019 WESTERN NEW ENGLAND UNIVERSITY WILL CELEBRATE ITS CENTENNIAL AS AN INSTITUTION OF HIGHER EDUCATION. OUR FOCUS WILL CONTINUE TO BE ON THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF A DIVERSE AND GLOBAL SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. OUR NEXT DECADE WILL BE MARKED BY A CONTINUED DEDICATION TO EXCELLENCE, VISIONARY THINKING, FLEXIBILITY, AND ENTREPRENEURIAL SPIRIT. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF REGIONAL LEADERSHIP AND NATIONAL RECOGNITION. FORM 990, PART VI, LINE 11A FORM 990 REVIEW PROCESS THE TRUSTEE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH THE UNIVERSITY'S SECURE ONLINE WEBSITE. THE ENTIRE RETURN IS AVAILABLE THROUGH THE SECURE ONLINE WEBSITE AND THE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS THE RETURN IN AN OPEN FORUM THAT IS VIEWED BY ALL. ONCE THE COMMITTEE REVIEWS THE RETURN TO ENSURE COMPLIANCE WITH FILING REQUIREMENTS, THE FULL BOARD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY THE UNIVERSITY ASKS BOTH TRUSTEES AS WELL AS ADMINISTRATIVE EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE TRUSTEES'STATEMENTS ARE REVIEWED BY IN-HOUSE COUNSEL. IF ANY ISSUES AND/OR CONCERNS ARE FOUND, THE IN-HOUSE COUNSEL BRINGS THE MATTER FORWARD, AS APPROPRIATE, TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. EACH YEAR ALL ADMINISTRATIVE STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE FORWARDED TO THE HUMAN RESOURCE DEPARTMENT FOR REVIEW. ANY POTENTIAL CONFLICTS ARE BROUGHT FORWARD AS APPROPRIATE. FORM 990, PART VI, LINES 15A & 15B COMPENSATION 15A. THE COMPENSATION REVIEW FOR THE PRESIDENT WAS DONE THROUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MET DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE OF THE PREVIOUS YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE ENGAGED A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY WAS ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO PEER INSTITUTIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDED TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE AND IT WAS APPROVED. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALULATION. THE MINUTES OF THE COMPENSATION SUB-COMMITTEE AND EXECUTIVE COMMITTEE ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THESE MINUTES, WITH MOTIONS FOR COMPENSATION PACKAGES, ARE MAILED TO ALL TRUSTEES. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION, THE COMMITTEE RELIED ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B. THE COMPENSATION FOR OFFICER AND KEY EMPLOYEES WAS MOST HEAVILY MEASURED AGAINST PERFORMANCE OF THE INDIVIDUALS AND THE PUBLISHED SALARY DOCUMENTATION FOR THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE DATA OF INSTITUTIONS WITHIN THE SAME CATEGORY AS THE UNIVERSITY. THE PRESIDENT DETERMINES THE INCREASE BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. HE REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. FORM 990, PART VI, LINE 19 PUBLIC DISCLOSURE THE IRS FORM 990 IS AVAILABLE UPON REQUEST FROM THE UNIVERSITY. IT IS POSTED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS, ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THIS OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITYS WEBSITE. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN VALUE OF SPLIT INVESTMENTS (70,852) ---------- TOTAL OTHER CHANGES IN NET ASSETS (70,852) CHARITABLE REMAINDER TRUSTS (2) 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 CHARITABLE TRUST MA NA Trust true false false false false false false false false false false false false false false false false true false false