MGHPCC HOLYOKE INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MGHPCC HOLYOKE INC (EIN 45-2257442)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-13
IRS object ID
201631349349301248
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-13T08:40:06-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BOSTON PLACE SUITE 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452257442EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MGHPCC HOLYOKE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMGHPBusinessNameControlTxt
Phone4135524902PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 BIGELOW STREETAddressLine1Txt
CityHOLYOKECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01040ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS NEDELLPersonNm
Person TitleTREASURERPersonTitleTxt
Phone4135524902PhoneNum
Signature2016-05-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEONARD J BERKOWITZPreparerPersonNm
PTINP00872822PTIN
Phone6176481400PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN GOODHUEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 BIGELOW STREETAddressLine1Txt
CityHOLYOKECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01040ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,140,514GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MGHPCC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionMAINTAIN A FACILITY WHICH WILL HOUSE A HIGH PERFORMANCE COMPUTING CENTER TO SUPPORT, ASSIST, ENHANCE, AND ADVANCE THE SCIENTIFIC RESEARCH ACTIVITIES OF ITS MEMBER UNIVERSITIES.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,140,422PYProgramServiceRevenueAmt
CY Program Service Revenue$3,140,422CYProgramServiceRevenueAmt
PY Investment Income$101PYInvestmentIncomeAmt
CY Investment Income$92CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,140,523PYTotalRevenueAmt
CY Total Revenue$3,140,514CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,001,090PYOtherExpensesAmt
CY Other Expenses$2,968,007CYOtherExpensesAmt
PY Total Expenses$3,001,090PYTotalExpensesAmt
CY Total Expenses$2,968,007CYTotalExpensesAmt
PY Revenues Less Expenses$139,433PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$172,507CYRevenuesLessExpensesAmt
Total Assets BOY$78,157,975TotalAssetsBOYAmt
Total Assets EOY$78,309,411TotalAssetsEOYAmt
Total Liabilities BOY$78,092,954TotalLiabilitiesBOYAmt
Total Liabilities EOY$78,071,883TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$65,021NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$237,528NetAssetsOrFundBalancesEOYAmt
MissionTO OWN AND LEASE A FACILITY, WHICH WILL HOUSE A HIGH PERFORMANCE COMPUTING CENTER TO SUPPORT, ASSIST, ENHANCE, AND ADVANCE THE SCIENTIFIC RESEARCH ACTIVITIES OF ITS MEMBER UNIVERSITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,965,007ExpenseAmt
Revenue$3,140,422RevenueAmt
DescTO DEVELOP, CONSTRUCT, OWN AND LEASE A FACILITY, WHICH WILL HOUSEA HIGH PERFORMANCE COMPUTING CENTER TO SUPPORT, ASSIST, ENHANCE,AND ADVANCE THE SCIENTIFIC RESEARCH ACTIVITIES OF ITS MEMBERUNIVERSITIES.Desc
Total Program Service Expenses$2,965,007TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLAIRE CHRISTOPHERSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4135524902PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 BIGELOW STREETAddressLine1Txt
CityHOLYOKECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01040ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MELVIN BERNSTEIN
DIRECTOR1.0040.00Yes (X)$0$345,872$53,900
THOMAS CHMURA
DIRECTOR1.0040.00Yes (X)$0$248,263$4,001
RICHARD MCCULLOUGH
DIRECTOR1.0055.00Yes (X)$0$461,915$53,676
MARIA ZUBER
DIRECTOR1.0060.00Yes (X)$0$362,826$66,113
GLORIA WATERS
DIRECTOR1.0055.00Yes (X)$0$371,046$35,185
CLAIRE CHRISTOPHERSON
CLERK1.0050.00$0$122,284$1,076Yes (X)
JOHN GOODHUE
PRESIDENT60.001.00$0$235,330$74,717Yes (X)
THOMAS NEDELL
TREASURER1.0040.00$0$473,768$51,230Yes (X)
CARA ELLIS MCCARTHY
FORMER CLERK1.0055.00$0$109,097$46,325Yes (X)
ANDREI RUCKENSTEIN
FORMER PRESIDENT1.0055.00$0$359,361$61,256Yes (X)
ALLEN MARCUM
FORMER TREASURER1.0060.00$0$191,494$48,795Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$3,281,256TotReportableCompRltdOrgAmt
Total Other Compensation$496,274TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CDF DEVELOPMENT SUBSIDIARY IX LLC
601 EAST PRATT STBALTIMOREMD21202DEVELOPMENT$297,500
MASSDEVELOPMENT NEW MARKETS CDE
33 ANDREWS PARKWAYDEVENSMA01434DEVELOPMENT$281,107
URP SUBSIDIARY CDE XVI LLC
11311 MCCORMICK ROADHUNT VALLEYMD21031DEVELOPMENT$196,000
BACDE NMTC FUND 3 LLC
2401 PENNSYLVANIA AVE NWWASHINGTONDC20037DEVELOPMENT$194,900
TURNER CONSTRUCTION CO
TWO SEAPORT LANE SUITE 200BOSTONMA02210CONSTRUCTION$114,737
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business531110BusinessCd
Total Revenue Column$3,140,422TotalRevenueColumnAmt
Related Or Exempt Func Income$3,140,422RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$3,140,422TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$92TotalRevenueColumnAmt
Exclusion$92ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,140,514TotalRevenueColumnAmt
Related Or Exempt Func Income$3,140,422RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$92ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Management And General$3,000ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$580,856TotalAmt
Program Services$580,856ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,329,664TotalAmt
Program Services$2,329,664ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
WARRANTY & MAINTENANCE$53,924$53,924
FEES, PERMITS, LICENSES$535$535
BANK FEES$28$28

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,968,007TotalAmt
Program Services$2,965,007ProgramServicesAmt
Management And General$3,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$99,596BOYAmt
EOY$93,642EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,006,570BOYAmt
EOY$6,493,068EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$76,245,298LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,722,052LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$72,810,614BOYAmt
EOY$70,523,246EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$1,162,188BOYAmt
EOY$1,120,380EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$79,007BOYAmt
EOY$79,075EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$78,157,975BOYAmt
EOY$78,309,411EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$399,845BOYAmt
EOY$91,363EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$51,243,000BOYAmt
EOY$51,243,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,450,109BOYAmt
EOY$26,737,520EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$78,092,954BOYAmt
EOY$78,071,883EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$65,021BOYAmt
EOY$237,528EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$65,021BOYAmt
EOY$237,528EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$78,157,975BOYAmt
EOY$78,309,411EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$172,507ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations5SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (5 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
0421035942Yes (1)$0$0
NORTHEASTERN UNIVERSITY
0416799802Yes (1)$0$0
UNIVERSITY OF MASSACHUSETTS
0431673526Yes (1)$0$0
BOSTON UNIVERSITY
0421035472Yes (1)$0$0
HARVARD UNIVERSITY
0421035802Yes (1)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total5SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationYes (1)SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART IV, SECTION A, LINE 2:FormAndLineReferenceDesc
ExplanationUNIVERSITY OF MASSACHUSETTS IS A SUPPORTED ORGANIZATION THAT IS A STATE UNIVERSITY UNDER SECTION 115 AND THEREFORE NOT REQUIRED TO OBTAIN RECOGNITION OF PUBLIC CHARITY STATUSExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,258,285OtherCostOrOtherBasisAmt
Book Value$1,258,285BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$74,196,517OtherCostOrOtherBasisAmt
Depreciation$5,601,479DepreciationAmt
Book Value$68,595,038BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$178,703OtherCostOrOtherBasisAmt
Depreciation$44,675DepreciationAmt
Book Value$134,028BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$611,793OtherCostOrOtherBasisAmt
Depreciation$75,898DepreciationAmt
Book Value$535,895BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$70,523,246TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLOAN PAYABLE TO MGHPCC LL LLCDesc
Amt$26,737,520Amt
FieldValueIRS element (for citing)
Total Liability$26,737,520TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationMGHPCC INC AND MGHPCC HOLYOKE ARE EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501 (C)(3), EXCEPT FOR UNRELATED BUSINESS INCOME AS DEFINED IN THE CODE. LEVERAGE LENDER IS A MULTI-OWNER LIMITED LIABILITY COMPANY AND IS TREATED AS A PARTNERSHIP FOR TAX PURPOSES. LEVERAGE LENDER'S FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY IS BASED ON ITS LEGAL STATUS AS A LIMITED LIABILITY COMPANY. ACCORDINGLY, LEVERAGE LENDER IS NOT REQUIRED TO TAKE ANY TAX POSITION IN ORDER TO QUALIFY AS A PASS-THROUGH ENTITY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE A COMPANY TO EVALUATE ITS TAX POSITIONS AND RECOGNIZE A TAX LIABILITY OR ASSET FOR UNCERTAIN POSITIONS THAT "MORE LIKELY THAN NOT" WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MGHPCC INC AND AFFILIATED ENTITIES PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WAS NO UNRELATED BUSINESS INCOME, AND DO NOT HAVE ANY TAX LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR FISCAL YEARS 2015 AND 2014. MGHPCC INC AND AFFILIATED ENTITIES FILE TAX RETURNS WITH THE IRS AND OTHER TAX AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND HAVE NO TAX POSITIONS THAT MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2012 REMAIN OPEN.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MELVIN BERNSTEIN
DIRECTOR$0$332,554$0$0$0$13,318$0$26,000$0$27,900$0$399,772$0$0
THOMAS CHMURA
DIRECTOR$0$248,263$0$0$0$0$0$0$0$4,001$0$252,264$0$0
RICHARD MCCULLOUGH
DIRECTOR$0$406,068$0$0$0$55,847$0$33,150$0$20,526$0$515,591$0$0
MARIA ZUBER
DIRECTOR$0$353,401$0$0$0$9,425$0$39,000$0$27,113$0$428,939$0$0
GLORIA WATERS
DIRECTOR$0$355,000$0$0$0$16,046$0$34,585$0$600$0$406,231$0$0
JOHN GOODHUE
PRESIDENT$0$235,330$0$0$0$0$0$46,704$0$28,013$0$310,047$0$0
THOMAS NEDELL
TREASURER$0$409,862$0$40,000$0$23,906$0$26,000$0$25,230$0$524,998$0$0
CARA ELLIS MCCARTHY
FORMER CLERK$0$108,962$0$0$0$135$0$13,173$0$33,152$0$155,422$0$0
ANDREI RUCKENSTEIN
FORMER PRESIDENT$0$286,546$0$0$0$72,815$0$34,585$0$26,671$0$420,617$0$0
ALLEN MARCUM
FORMER TREASURER$0$191,494$0$0$0$0$0$26,154$0$22,641$0$240,289$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION RECEIVED PROPOSALS FROM THREE DIFFERENT SEARCH FIRMS AND AFTER CAREFUL REVIEW ENGAGED KORN FERRY INTERNATIONAL OF BOSTON TO CONDUCT A NATIONAL SEARCH FOR THIS POSITION. INCLUDED IN THEIR SERVICES WAS A SALARY REVIEW AND RECOMMENDATION FOR THIS POSITION. A TEAM INCLUDING REPRESENTATION FROM MIT, HARVARD, BU, UMASS AND NORTHEASTERN WAS ASKED BY THE ADVISORY BOARD MEMBERS TO BE PART OF THE SEARCH COMMITTEE. THE SEARCH TEAM INCLUDED CIO'S FROM EACH OF THE UNIVERSITIES. THE COMPENSATION RANGE FOR THE POSITION WHOSE DUTIES INCLUDE CORPORATE CLERK WAS REVIEWED AND APPROVED BY THE HUMAN RESOURCES DEPARTMENT OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY, USING COMPARABILITY DATA, AND APPROVED AS A BUDGET LINE ITEM BY THE BOARD OF DIRECTORS. ALL COMPENSATION IS PAID BY RELATED ORGANIZATIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CORPORATION SHALL HAVE FIVE MEMBERS: MASSACHUSETTS INSTITUTE OF TECHNOLOGY; NORTHEASTERN UNIVERSITY; TRUSTEES OF BOSTON UNIVERSITY; PRESIDENT AND FELLOWS OF HARVARD COLLEGE; AND THE UNIVERSITY OF MASSACHUSETTS (TOGETHER, THE "FOUNDING UNIVERSITIES AND EACH A "FOUNDING UNIVERSITY").
FORM 990, PART VI, SECTION A, LINE 7AALL POWERS OF THE CORPORATION SHALL BE HELD BY THE BOARD OF DIRECTORS. ANY ACTION OR VOTE REQUIRED OR PERMITTED BY ANY LAW, RULE, OR REGULATION TO BE TAKEN BY MEMBERS SHALL BE TAKEN BY UNANIMOUS VOTE. EACH MEMBER SHALL BE A UNIVERSITY WITH A CAMPUS IN THE COMMONWEALTH OF MASSACHUSETTS AND BE DESCRIBED IN EITHER SECTIONS 501(C)(3) AND 509(A)(1) OR SECTION 170(C)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS THE SAME MAY BE AMENDED FROM TIME TO TIME. THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE CONTROLLED AND GOVERNED BY THE BOARD OF DIRECTORS, WHICH SHALL HAVE THE RIGHT TO EXERCISE ALL POWERS OF THE CORPORATION AS PERMITTED BY LAW. THE BOARD SHALL BE COMPRISED OF THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER, INC. SERVING EX OFFICIO.
FORM 990, PART VI, SECTION B, LINE 11THE DRAFT FORM 990 IS CIRCULATED TO THE AUDIT COMMITTEE PRIOR TO FILING FOR REVIEW AND COMMENT. THE AUDIT COMMITTEE IS COMPRISED OF ONE EMPLOYEE FROM EACH MEMBER INSTITUTION, APPOINTED BY THE EXECUTIVE COMMITTEE OF THE CORPORATION. THE COMPLETE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CLERK OF THE CORPORATION CIRCULATES THE FULL POLICY TO OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY. THE POLICY REQUIRES THAT EACH SUCH OFFICER, DIRECTOR OR KEY EMPLOYEE ACKNOWLEDGE RECEIPT. THE CLERK MONITORS THE RETURN OF THE REQUIRED FORMS.
FORM 990, PART VI, SECTION B, LINE 15PART IV, LINE 15A THE ORGANIZATION RECEIVED PROPOSALS FROM THREE DIFFERENT SEARCH FIRMS AND AFTER CAREFUL REVIEW ENGAGED KORN FERRY INTERNATIONAL OF BOSTON TO CONDUCT A NATIONAL SEARCH FOR THIS POSITION. INCLUDED IN THEIR SERVICES WAS A SALARY REVIEW AND RECOMMENDATION FOR THIS POSITION. A TEAM INCLUDING REPRESENTATION FROM MIT, HARVARD, BU, UMASS AND NORTHEASTERN WAS ASKED BY THE ADVISORY BOARD MEMBERS TO BE PART OF THE SEARCH COMMITTEE. THE SEARCH TEAM INCLUDED CIO'S FROM EACH OF THE UNIVERSITIES. PART VI, LINE 15B THE COMPENSATION RANGE FOR THE POSITION WHOSE DUTIES INCLUDE CORPORATE CLERK WAS REVIEWED AND APPROVED BY THE HUMAN RESOURCES DEPARTMENT OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY, USING COMPARABILITY DATA, AND APPROVED AS A BUDGET LINE ITEM BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE CLERK OF THE CORPORATION.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVE NE49-314CAMBRIDGEMA02139042103594EDUCATIONMA501(C)(3)LINE 2N/A0
NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVEBOSTONMA02115041679980EDUCATIONMA501(C)(3)LINE 2N/A0
UNIVERSITY OF MASSACHUSETTS
225 FRANKLIN STREETBOSTONMA02110043167352EDUCATIONMA115N/A0
BOSTON UNIVERSITY
881 COMMONWEALTH AVE 4TH FLOORBOSTONMA02215042103547EDUCATIONMA501(C)(3)LINE 2N/A0
HARVARD UNIVERSITY
MASSACHUSETTS HALLCAMBRIDGEMA02138042103580EDUCATIONMA501(C)(3)LINE 2N/A0
MGHPCC INC
100 BIGELOW STHOLYOKEMA01040273014805RESEARCHMA501(C)(3)LINE 11A, IN/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MGHPCC LEVERAGE LENDER LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUEAddressLine1Txt
CityCAMBRIDGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02139ZIPCd
FieldValueIRS element (for citing)
EIN274004162EIN
Primary ActivitiesREAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1MGHPCC INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeEXCLUDEDPredominantIncomeTypeTxt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
MGHPCC INC
J$600,000CASH
MGHPCC INC
J$2,540,422ACCRUAL
MGHPCC LEVERAGE LENDER LLC
E$26,737,520ACCRUAL

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