2016-05-12T11:10:02-05:00 2015-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2014-07-01 042108376 Western New England University % WILLIAM J KELLEHER WEST 4137821288 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 William Kelleher VP FOR FINANCE AND ADMIN 4137821288 2016-05-04 true Mary-Evelyn Antonetti P00431862 8605223200 2014 2016-08-17 19:52:53Z ANTHONY CAPRIO 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 159480830 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. 39 36 2813 1029 0 0 5519033 4102366 133663881 143888764 2658344 3385305 1005685 1118181 142846943 152494616 38596073 41682467 0 0 63650766 67605480 35974 28091 1156440 36916633 37224389 139199446 146540427 3647497 5954189 222106332 222303611 103243787 99629417 118862545 122674194 X SEE SCHEDULE O. false false 87371687 36715866 89974158 THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE MORE THAN 2,600 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. 26253433 4966601 31313741 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. 17027000 22757366 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 2,000 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. 130652120 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 true true true false false false true false false false true 217 0 true 2813 true false true UC false false false true true false false false true false X 39 36 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 (FROM JULY 2014) 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 559894 0 37079 CARMEL A CARAMAGNA TRUSTEE 1.0 0.0 X 0 0 0 CHARLES R CASARTELLO JR TRUSTEE 1.0 0.0 X 0 0 0 COURTNEY T CHAEFER TRUSTEE (FROM JULY 2014) 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 KEVIN S DELBRIDGE CHAIRMAN 1.0 0.0 X 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 ALAN R HOSKINS TRUSTEE (FROM JULY 2014) 1.0 0.0 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.0 0.0 X 0 0 0 STANLEY KOWALSKI III TRUSTEE (FROM JULY 2014) 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 KIM A MAC LEOD TRUSTEE 1.0 0.0 X 0 0 0 PAUL L MANCINONE TRUSTEE 1.0 0.0 X 0 0 0 MAURA C MCCAFFREY TRUSTEE (FROM JULY 2014) 1.0 0.0 X 0 0 0 JOHN M MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 KRISTIN L MURPHY TRUSTEE (FROM JULY 2014) 1.0 0.0 X 0 0 0 DR CARMEN GUEVARA NEUBERGER TRUSTEE 1.0 0.0 X 0 0 0 JOHN M O'BRIEN TRUSTEE 1.0 0.0 X 0 0 0 KENNETH M RICKSON 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 VICE CHAIRMAN 1.0 0.0 X X 0 0 0 PETER STEINGRABER TRUSTEE 1.0 0.0 X 0 0 0 BRIAN P TRELEASE TRUSTEE 1.0 0.0 X 0 0 0 ALLISON P WERDER TRUSTEE (FROM JULY 2014) 1.0 0.0 X 0 0 0 DR JERRY A HIRSCH VP FOR ACADEMIC AFFAIRS 40.0 0.0 X 135102 0 18291 DR LINDA E JONES VP FOR ACADEMIC AFFAIRS 40.0 0.0 X 105392 0 10935 WILLIAM J KELLEHER VP FOR FINANCE AND ADMIN 40.0 0.0 X 238249 0 34652 WILLIAM G BAKER PROFESSOR OF LAW 40.0 0.0 X 251018 0 35143 AMY B COHEN PROFESSOR OF LAW 40.0 0.0 X 319397 0 13545 ERIC J GOUVIN DEAN, SCHOOL OF LAW 40.0 0.0 X 227113 0 33364 ERIC W HAFFNER PROF. INDUSTRIAL ENGINEERING 40.0 0.0 X 304652 0 16488 FREDERICK D ROYAL ASSOC. DEAN LLM, PROF. OF LAW 40.0 0.0 X 271738 0 35066 2412555 0 234563 119 false true false FONTAINE BROS INC 510 COTTAGE STREET SPRINGFIELD MA 01104 GENERAL CONTRACTOR 2747098 EBSCO PO BOX 830625 BIRMINGHAM AL 352830460 LIBRARY SUBSCRIPTION 425742 MARKET MENTORS 1680 C RIVERDALE STREET WEST SPRINGFIELD MA 01089 MEDIA ADVERTISING 408590 PEARSON SYSTEMS INC PO BOX 180 WEST SPINGFIELD MA 01090 GENERAL CONTRACTOR 392768 INTEGRATION PARTNERS CORP 12 HARTWELL AVE LEXINGTON MA 02421 SERVER MAINTENANCE 225346 20 X 68120 1114798 2919448 807050 4102366 TUITION AND FEES 611710 119415348 119415348 AUXILIARY SALES AND SERVICES 611710 22757366 22757366 INTEREST ON STUDENT LOAN 611710 171808 171808 SPONSORED RESEARCH 611710 1544242 1544242 143888764 592980 592980 0 49391 49391 43354 43354 0 43354 43354 9733891 6941566 2792325 2792325 2792325 51637 68120 44648 6989 6989 0 0 EVENTS REGISTRATION 611710 74349 74349 STUDENT FUNDRAISING INCOME 611710 438058 438058 COMMISSIONS 611710 88106 88106 417934 156501 261433 1018447 152494616 144045265 4346985 0 41275880 41275880 406587 406587 0 1171078 269426 832136 69516 75660 75660 48326184 42295523 5442805 587856 4313787 3710544 546039 57204 10077020 7778855 2160433 137732 3641751 3132486 460973 48292 0 50285 50285 189890 189890 0 28091 28091 221159 221159 7111079 6573705 537374 1272049 588251 618110 65688 4834424 4353002 428091 53331 160202 121046 39156 0 3178727 2954155 224572 1575179 1449209 92544 33426 0 2632836 2326899 232692 73245 3692412 3242445 449967 0 8132589 7422909 709680 392645 94007 298638 MAINTENANCE AND REPAIRS 1563565 1074833 488732 NON-CAPITALIZED EQUIPMENT 532158 413236 118922 MEMBERSHIP & DUES 235426 143292 90075 2059 IMPROVEMENTS 171087 163285 7802 1278677 786885 491792 146540427 130652120 14731867 1156440 0 0 10593570 9948308 1018784 800974 1586106 1668855 0 0 0 0 5301968 5297148 56762 38915 3630478 3086254 235143189 105485615 129429367 129657574 54261018 54256678 14668201 15988797 0 0 0 0 1560078 1560108 222106332 222303611 10389486 9158619 2962162 2962162 3722693 3336461 83973028 81708897 0 0 0 0 0 0 0 0 2196418 2463278 103243787 99629417 X 90480054 94092525 7314112 6509264 21068378 22072405 118862545 122674194 222106332 222303611 X 5954189 -2159410 16870 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 33266562 835715 6533363 1858787 58195 142496 38576162 0.48000 0.43000 0.09000 false false 4525765 4525765 197360119 78353193 119006926 33257305 27132422 6124883 129657574 HEDGE FUNDS 10492132 F INVESTMENTS HELD IN TRUST 812999 F REAL ESTATE FUND 4683666 F 15988797 0 DEPOSITS AND DEFERRED REVENUE 429033 ASSETS HELD FOR OTHERS 1864786 CAPITAL LEASE OBLIGATION 169459 2463278 X 150130917 -2159410 16870 -2142540 152273457 221159 221159 152494616 146319268 146319268 221159 221159 146540427 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 48% 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 2015 WAS 4.33%. 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 $16,870 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 36284 East Asia and the Pacific Program Services UNDERGRAD EDUCATION 155295 Europe (Including Iceland and Greenland) Program Services UNDERGRAD EDUCATION 1159901 Middle East and North Africa Program Services UNDERGRAD EDUCATION 369 North America Program Services UNDERGRAD EDUCATION 24933 Russia and the Newly Independent States Program Services UNDERGRAD EDUCATION 21994 South America Program Services UNDERGRAD EDUCATION 88566 South Asia Program Services UNDERGRAD EDUCATION 1720 Sub-Saharan Africa Program Services UNDERGRAD EDUCATION 19453 Central America and the Caribbean Investments 10492132 12000647 12000647 INTERNAL SCHOLARSHIP East Asia and the Pacific 4 48000 ACCT. CREDIT INTERNAL SCHOLARSHIP Europe (Including Iceland and Greenland) 12 290587 ACCT. CREDIT INTERNAL SCHOLARSHIP North America 1 14000 ACCT. CREDIT INTERNAL SCHOLARSHIP Russia and the Newly Independent States 2 19500 ACCT. CREDIT INTERNAL SCHOLARSHIP South America 3 30000 ACCT. CREDIT INTERNAL SCHOLARSHIP Sub-Saharan Africa 1 4500 ACCT. CREDIT false false false 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, 2015, IN ACCORDANCE WITH US GAAP. X X X X X X X true MARTS LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTING false 28091 -28091 28091 -28091 MA ATHL-GOLF TOURN 67150 47020 20130 1930 16611 166 ALUM-GOLF TOURN 33802 14325 19477 4519 5984 5922 1064 1 18805 6775 12030 3684 4365 403 119757 68120 51637 10133 26960 5922 1633 44648 6989 PART 1, 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 2727 40519582 COLLEGE WORK STUDY 1199 511589 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 492318 0 41600 0 25976 0 23400 0 13679 0 596973 0 0 0 DR JERRY A HIRSCH VP FOR ACADEMIC AFFAIRS 132012 0 0 0 3090 0 10726 0 7565 0 153393 0 0 0 WILLIAM J KELLEHER VP FOR FINANCE AND ADMIN 234348 0 0 0 3901 0 21539 0 13113 0 272901 0 0 0 WILLIAM G BAKER PROFESSOR OF LAW 249038 0 0 0 1980 0 22852 0 12291 0 286161 0 0 0 AMY B COHEN PROFESSOR OF LAW 101847 0 216255 0 1295 0 9357 0 4188 0 332942 0 0 0 ERIC J GOUVIN DEAN, SCHOOL OF LAW 226423 0 0 0 690 0 20825 0 12539 0 260477 0 0 0 ERIC W HAFFNER PROF. INDUSTRIAL ENGINEERING 87263 0 216255 0 1134 0 8153 0 8335 0 321140 0 0 0 FREDERICK D ROYAL ASSOC. DEAN LLM, PROF. OF LAW 267928 0 0 0 3810 0 23400 0 11666 0 306804 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 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 ADDED TO HIS COMPENSATION AND TAXED ACCORDINGLY. 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 AMY COHEN AND ERIC HAFFNER EACH RECEIVED PAYMENTS OF $216,255. 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 HAS THE RIGHT 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 YEAR OF FULL-TIME CONTINUOUS SERVICE NOT TO EXCEED $216,255. ANTHONY S. CAPRIO RECEIVED A BONUS OF $41,600 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 SECION 401(A)(17). THE RATE APPLIED TO THE DIFFERENCE CALCULATED IS DETERMINED ANNAULLY BY THE UNIVERSITY COMPENSATION SUB-COMMITTEE. THE RATE IS BASED ON PERFORMANCE AND IS NOT TO EXCEED 20%. A MDFA - SERIES 2005A 043431814 57583RDQ5 2005-10-19 39232453 REFUND ISSUES 7/8/98 AND 12/13/00 false false false B MDFA - SERIES 2008 043431814 2008-05-29 5000000 CONSTRUCTION - LAW SCHOOL ADDITION false false false C MDFA - SERIES 2009C 043431814 2009-11-09 43000000 CONSTRUCTION - NEW ACADEMIC BUILDI false false false D MDFA - SERIES 2011D 043431814 2011-12-20 8380000 CONSTRUCTION - EXISTING ACADEMIC B false false false A 4680000 0 39232453 0 0 0 606635 831926 0 0 37793892 0 2002 false true true true B 1324123 0 5000000 0 0 0 74319 0 0 4925681 0 0 2008 false false true true C 7054497 0 43000000 0 0 0 230000 0 0 42770000 0 0 2011 false false true true D 417276 0 8380000 0 0 0 145000 0 0 8235000 0 0 2012 false false true true A false false true true false 0.00560 0.00560 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 false false false false A false false false true false false 0 false 0 false B false false true false true false 0 false 0 false C false false false true false false 0 false 0 false D false false false true false false 0 false 0 false A false B false C false D false PART I, LINE A COLUMN (F) DESCRIPTION OF PURPOSE REFUND ISSUES 7/8/98, 12/13/00 AND 12/18/02 PART III, QUESTION 3A FOR BONDS B, C, AND D 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 NONQUALIFIED BONDS WESTERN NEW ENGLAND UNIVERSITY HAS NOT 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 1.45-2; THE UNIVERSITY DOES MONITOR THE PROCEDURES WITHOUT THE WRITTEN POLICY AND IS IN THE PROCESS OF IMPLEMENTING WRITTEN PROCEDURES NECESSARY TO COMPLY WITH THE ABOVE REQUIREMENTS. PART IV, QUESTION 2C DATE OF REBATE COMPUTATION THE REBATE COMPUTATIONS WERE PERFORMED AS FOLLOWS: MDFA SERIES 2005A - AS OF 10/19/2014 MDFA SERIES 2009C - AS OF 11/9/2014 MDFA SERIES 2011D - AS OF 12/20/2014 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 PART V PROCEDURES TO MONITOR REQUIREMENTS OF SECTION 148 AND TO UNDERTAKE CORRECTIVE ACTION WESTERN NEW ENGLAND UNIVERSITY DID NOT ESTABLISH 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 APPLICABLE REGULATIONS; HOWEVER, THE UNIVERSITY DOES COMPLY WITH THE REQUIREMENTS EVEN THOUGH THE PROCEDURES WERE NOT WRITTEN. THE UNIVERSITY IS IN THE PROCESS OF IMPLEMETING THE WRITTEN PROCEDURES NECESSARY. Y BOGLE SPOUSE OF TRUSTEE 75660 EMPLOYMENT false PEARSON COMPANY 35% OWNED ENTITY 1281912 CONSTRUCTION CONTRACTOR false ARAMARK CORP SUBST. CONTRIBUTOR 5216248 FOOD SERVICE VENDOR false FOLLETT HIGHER EDUCATION GROUP SUBST. CONTRIBUTOR 272834 BOOKSTORE VENDOR false TERRIEN TRANSPORTATION SUBST. CONTRIBUTOR 216994 TRANSPORTATION VENDOR false FONTAINE BROTHERS 35% OWNED ENTITY 2543652 GENERAL CONTRACTOR false PART IV, LINE 2 INTERESTED PERSONS PEARSON COMPANY IS OWNED MORE THAN 35% BY THE PARENT OF TRUSTEE HENSHON. PART IV, LINE 6 TRANSACTION WITH 35% OWNED CORPORATION OF A SUBSTANTIAL CONTRIBUTOR. X 5 3111 EST. RETAIL VALUE X 20 794764 AVERAGE MARKET VALUE X EQUIPMENT 2 4295 EST. RETAIL VALUE X EQUIPMENT 1 4380 ACTUAL INVOICE X EMPLOYEE EVENT 1 500 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 UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCE CHANGE IN VALUE OF SPLIT INVESTMENTS 16,870 ----------- TOTAL OTHER CHANGES IN NET ASSETS 16,870 CHARITABLE REMAINDER TRUSTS (2) 1215 WILBRAHAM ROAD SPRINGFIELD MA 011192684 CHARITABLE TR MA NA TRUST false false false false false false false false false false false false false false false false false false