CLARK UNIVERSITY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: CLARK UNIVERSITY (EIN 04-2111203)
Tax period: 2013-06-01 to 2014-05-31
Filed: 2015-01-30
IRS object ID: 201500309349301800
Schema version: 2013v4.0
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
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R
Reasonable Cause Explanation

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-01-30T11:43:45-07:00	ReturnTs
Tax Period End	2014-05-31	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-06-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042111203	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CLARK UNIVERSITY	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	CLAR	BusinessNameControlTxt
Phone	5087937499	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	950 Main Street	AddressLine1
City	Worcester	City
State	MA	State
ZIP Code	01610	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Katherine Cannon	PersonNm
Person Title	Controller	PersonTitleTxt
Phone	5087937455	PhoneNum
Signature	2015-01-30	SignatureDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	David Angel	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	950 Main Street	AddressLine1
City	Worcester	City
State	MA	State
ZIP Code	01610	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$226,776,633	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.clarku.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1887	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	Clark University's mission is to educate undergraduate and graduate students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort.	ActivityOrMissionDesc
Voting Members Governing Body	31	VotingMembersGoverningBodyCnt
Voting Members Independent	31	VotingMembersIndependentCnt
Total Employee	2657	TotalEmployeeCnt
Total Volunteers	1250	TotalVolunteersCnt
Total Gross UBI	$75,327	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$15,071,513	PYContributionsGrantsAmt
CY Contributions Grants	$14,471,659	CYContributionsGrantsAmt
PY Program Service Revenue	$130,319,142	PYProgramServiceRevenueAmt
CY Program Service Revenue	$133,068,844	CYProgramServiceRevenueAmt
PY Investment Income	$16,774,383	PYInvestmentIncomeAmt
CY Investment Income	$14,728,656	CYInvestmentIncomeAmt
PY Other Revenue	$342,128	PYOtherRevenueAmt
CY Other Revenue	$652,648	CYOtherRevenueAmt
PY Total Revenue	$162,507,166	PYTotalRevenueAmt
CY Total Revenue	$162,921,807	CYTotalRevenueAmt
PY Grants And Similar Paid	$52,972,990	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$56,294,519	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$61,429,946	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$63,589,706	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$43,429	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$21,448	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,520,583	CYTotalFundraisingExpenseAmt
PY Other Expenses	$34,337,536	PYOtherExpensesAmt
CY Other Expenses	$36,640,904	CYOtherExpensesAmt
PY Total Expenses	$148,783,901	PYTotalExpensesAmt
CY Total Expenses	$156,546,577	CYTotalExpensesAmt
PY Revenues Less Expenses	$13,723,265	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,375,230	CYRevenuesLessExpensesAmt
Total Assets BOY	$551,488,040	TotalAssetsBOYAmt
Total Assets EOY	$596,241,532	TotalAssetsEOYAmt
Total Liabilities BOY	$115,396,891	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$115,599,819	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$436,091,149	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$480,641,713	NetAssetsOrFundBalancesEOYAmt
Mission	Clark University's mission is to educate undergraduate and graduate students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. Clark fosters a commitment to excellence in studying traditional academic disciplines, as well as innovation in exploring questions that cross disciplinary boundaries.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$58,964,009	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$116,803,538	RevenueAmt
Desc	Instruction and academic support, with program expenditures of $58,964,009. Clark's fall 2014 enrollment consisted of 2,380 undergraduates and 1,171 graduate students. Our motto - and mission - is "Challenge Convention; Change Our World", and our faculty members work to inspire their students to utilize their liberal arts based education to make a real difference in the communities in which they live and work. We also have strong graduate programs, which include masters' level degrees and eight PhD programs.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$6,893,419	ExpenseAmt
Grant	$308,996	GrantAmt
Revenue	$5,403,673	RevenueAmt
Desc	Research, with program expenditures of $6,893,419 and revenues from grants and contracts of $5,403,673. Clark is committed to a program of research and has a very professionally active faculty, virtually all of whom are engaged in sponsored or unsponsored research and creative activity.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$55,985,523	ExpenseAmt
Grant	$55,985,523	GrantAmt
Revenue	$0	RevenueAmt
Desc	Financial Aid, with expenditures/income offsets of $55,985,523. Clark is committed to being affordable to those students able to meet the high academic expectations of our faculty. Approximately 88% of undergraduate students receive some level of financial assistance, which is distributed on the basis of both merit and financial need.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmt	GrantGrantAmt	RevenueRevenueAmt	DescDesc
$12,662,747	$0	$14,047,147	Auxiliary Services includes providing high quality residence halls, food service, and book store services to Clark students. There are program expenditures of $12,662,747 and offsetting revenue of $14,047,147.
$11,932,432	$0	$2,747,586	Student Services program supports an environment for students that encourages them to become active, involved and responsible citizens in global communities. Resources are expended to provide students support in achieving their non-academic goals and providing a balanced and healthy social environment.

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$24,595,179	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$0	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$16,794,733	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$146,438,130	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (1)	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (1)	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (1)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	6287	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	2657	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	LU	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	31	GoverningBodyVotingMembersCnt
Independent Voting Member	31	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Julie L Dolan	PersonNm
Phone	5087937455	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	950 Main Street	AddressLine1
City	Worcester	City
State	MA	State
ZIP Code	01610	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Jennifer Abrams
Trustee	2	0	Yes (X)	$0	$0	$0
Dimitry Anselme
Trustee	2	0	Yes (X)	$0	$0	$0
Jay Ash
Trustee	2	0	Yes (X)	$0	$0	$0
Andrew Brandman
Trustee	2	0	Yes (X)	$0	$0	$0
Marla Byrnes
Trustee	2	0	Yes (X)	$0	$0	$0
David Chaifetz
Trustee	2	0	Yes (X)	$0	$0	$0
Kevin Cherry
Trustee	2	0	Yes (X)	$0	$0	$0
Elyse Darefsky
Trustee	2	0	Yes (X)	$0	$0	$0
Gregory Degermajian
Trustee	2	0	Yes (X)	$0	$0	$0
Dennis Dimitri
Trustee	2	0	Yes (X)	$0	$0	$0
Catherine Dunham
Trustee	2	0	Yes (X)	$0	$0	$0
Barbara Dyer
Trustee	2	0	Yes (X)	$0	$0	$0
Eric Epstein
Trustee	2	0	Yes (X)	$0	$0	$0
Mark Fishman
Trustee	2	0	Yes (X)	$0	$0	$0
Richard Freeland
Trustee	2	0	Yes (X)	$0	$0	$0
Ross Gillman
Trustee	2	0	Yes (X)	$0	$0	$0
Wolfgang Hammes
Trustee	2	0	Yes (X)	$0	$0	$0
Lawrence Hershoff
Trustee	2	0	Yes (X)	$0	$0	$0
Daniel Hirsch
Trustee	2	0	Yes (X)	$0	$0	$0
Peter Klein
Trustee	15	0	Yes (X)	$0	$0	$0
Lawrence Landry
Trustee	2	0	Yes (X)	$0	$0	$0
Lowell Potiker
Trustee	2	0	Yes (X)	$0	$0	$0
Jodi Reiskind
Trustee	2	0	Yes (X)	$0	$0	$0
Steven Roberts
Trustee	2	0	Yes (X)	$0	$0	$0
Paul Saltzman
Trustee	2	0	Yes (X)	$0	$0	$0
Linda Savitsky
Trustee	2	0	Yes (X)	$0	$0	$0
Jeffrey Siegal
Trustee	2	0	Yes (X)	$0	$0	$0
Robert Stevenish
Trustee	2	0	Yes (X)	$0	$0	$0
Robert Stevenish II
Trustee	2	0	Yes (X)	$0	$0	$0
Theresa Strempek
Trustee	2	0	Yes (X)	$0	$0	$0
Steven Swain
Trustee	2	0	Yes (X)	$0	$0	$0
Sumner Tilton
Trustee	2	0	Yes (X)	$0	$0	$0
Ronald Walter
Trustee	2	0	Yes (X)	$0	$0	$0
David Angel
Officer	40	0		$310,478	$0	$68,762	Yes (X)
Katherine Cannon
Officer	40	0		$122,027	$0	$16,667	Yes (X)
Julie Dolan
Officer	40	0		$102,663	$0	$17,083	Yes (X)
John Foley
Officer	40	0		$146,030	$0	$37,606	Yes (X)
Davis Baird
Key Employee	40	0		$225,467	$0	$22,343		Yes (X)
Nancy Budwig
Key Employee	40	0		$165,288	$0	$32,154		Yes (X)
James Collins
Key Employee	30	0		$165,415	$0	$70,459		Yes (X)
Paula David
Key Employee	40	0		$227,994	$0	$32,344		Yes (X)
William Fisher
Key Employee	40	0		$192,620	$0	$19,881		Yes (X)
Donald Honeman
Key Employee	40	0		$171,890	$0	$17,739		Yes (X)
Andrew McGadney
Key Employee	40	0		$290,617	$0	$27,423		Yes (X)
Andrea Michaels
Key Employee	40	0		$155,014	$0	$34,418		Yes (X)
Pennie Turgeon
Key Employee	40	0		$169,491	$0	$56,631		Yes (X)
Deborah Dwork
Faculty	40	0		$188,137	$0	$18,719			Yes (X)
Ronald Eastman
Faculty	40	0		$173,155	$0	$38,020			Yes (X)
James Gomes
Director of Mosakowski Institute	40	0		$160,309	$0	$58,568			Yes (X)
Robert Johnston
Faculty	40	0		$179,212	$0	$35,682			Yes (X)
Catherine Usoff
Dean Graduate School of Management	40	0		$246,743	$0	$41,080			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,392,550	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$645,579	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	72	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
Sodexo Inc Affiliates
9801 Washington Blvd	Gaithersburg	MD	20878	Food service management	$5,012,385
Cutler Associates Incorporated
43 Harvard Street	Worcester	MA	016150049	Construction	$2,908,102
Consigli Construction Co Inc
72 Summer Street	Milford	MA	01757	Construction Management	$1,652,893
Tecta America Corp
508 Thomson Park Drive	Cranberry Park Drive	PA	16066	Roofing Contractor	$688,670
UMASS Memorial Medical Community Practices
109 Belmont Street	Worcester	MA	01610	Health Service Provider	$449,076

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	29	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$0	MembershipDuesAmt
Fundraising	$0	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$4,713,239	GovernmentGrantsAmt
All Other Contributions	$9,758,420	AllOtherContributionsAmt
Noncash Contributions	$867,753	NoncashContributionsAmt
Total Contributions	$14,471,659	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Tuition and fees	611310	$117,346,960	$117,346,960	$0	$0
Geographic Software	443120	$523,486	$523,486	$0	$0
Auxiliary	611710	$14,031,647	$14,031,647	$0	$0
Student Loan	522291	$189,081	$189,081	$0	$0
All Other	900099	$977,670	$977,670	$0	$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$133,068,844	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,289,516	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$3,289,516	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$47	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$47	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$183,035	TotalRevenueColumnAmt
Related Or Exempt Func Income	$183,035	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$375,781	RealAmt
Personal	$0	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$252,560	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$123,221	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$123,221	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$123,221	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$49,846,762	SecuritiesAmt
Other	$25,194,597	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$40,036,063	SecuritiesAmt
Other	$23,566,203	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$9,810,699	SecuritiesAmt
Other	$1,628,394	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,439,093	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$75,327	UnrelatedBusinessRevenueAmt
Exclusion	$11,363,766	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$0	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$0	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$0	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$0	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Energy Incentives-Grants	900099	$252,926	$252,926	$0	$0
Workers Comp Incentives/Rebates	900099	$93,466	$93,466	$0	$0

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$346,392	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$162,921,807	TotalRevenueColumnAmt
Related Or Exempt Func Income	$133,598,271	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$75,327	UnrelatedBusinessRevenueAmt
Exclusion	$14,776,550	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$209,364	TotalAmt
Program Services	$209,364	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$55,895,240	TotalAmt
Program Services	$55,895,240	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$189,915	TotalAmt
Program Services	$189,915	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,036,300	TotalAmt
Program Services	$1,079,931	ProgramServicesAmt
Management And General	$1,642,173	ManagementAndGeneralAmt
Fundraising	$314,196	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$48,176,292	TotalAmt
Program Services	$38,496,457	ProgramServicesAmt
Management And General	$7,518,471	ManagementAndGeneralAmt
Fundraising	$2,161,364	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$3,395,612	TotalAmt
Program Services	$2,713,154	ProgramServicesAmt
Management And General	$529,673	ManagementAndGeneralAmt
Fundraising	$152,785	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$5,683,586	TotalAmt
Program Services	$4,538,463	ProgramServicesAmt
Management And General	$883,071	ManagementAndGeneralAmt
Fundraising	$262,052	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,297,916	TotalAmt
Program Services	$2,635,093	ProgramServicesAmt
Management And General	$514,434	ManagementAndGeneralAmt
Fundraising	$148,389	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$633,565	TotalAmt
Program Services	$579,955	ProgramServicesAmt
Management And General	$40,277	ManagementAndGeneralAmt
Fundraising	$13,333	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$80,119	TotalAmt
Program Services	$8,325	ProgramServicesAmt
Management And General	$71,204	ManagementAndGeneralAmt
Fundraising	$590	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$156,743	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$150,756	ManagementAndGeneralAmt
Fundraising	$5,987	FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$21,448	TotalAmt
Fundraising	$21,448	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,102,016	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$1,102,016	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,567,039	TotalAmt
Program Services	$1,277,422	ProgramServicesAmt
Management And General	$223,907	ManagementAndGeneralAmt
Fundraising	$65,710	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$781,186	TotalAmt
Program Services	$408,899	ProgramServicesAmt
Management And General	$242,743	ManagementAndGeneralAmt
Fundraising	$129,544	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,267,353	TotalAmt
Program Services	$2,430,929	ProgramServicesAmt
Management And General	$411,336	ManagementAndGeneralAmt
Fundraising	$425,088	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,927,300	TotalAmt
Program Services	$1,643,051	ProgramServicesAmt
Management And General	$135,821	ManagementAndGeneralAmt
Fundraising	$148,428	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,325,151	TotalAmt
Program Services	$921,523	ProgramServicesAmt
Management And General	$3,368,303	ManagementAndGeneralAmt
Fundraising	$35,325	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,084,660	TotalAmt
Program Services	$1,815,167	ProgramServicesAmt
Management And General	$95,787	ManagementAndGeneralAmt
Fundraising	$173,706	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,364,656	TotalAmt
Program Services	$1,023,787	ProgramServicesAmt
Management And General	$95,102	ManagementAndGeneralAmt
Fundraising	$245,767	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,659,494	TotalAmt
Program Services	$1,561,162	ProgramServicesAmt
Management And General	$96,287	ManagementAndGeneralAmt
Fundraising	$2,045	FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$7,554,258	TotalAmt
Program Services	$6,688,770	ProgramServicesAmt
Management And General	$825,478	ManagementAndGeneralAmt
Fundraising	$40,010	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$401,907	TotalAmt
Program Services	$2,140	ProgramServicesAmt
Management And General	$391,802	ManagementAndGeneralAmt
Fundraising	$7,965	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Study Abroad/Off Campus	$2,563,430	$2,323,649	$230,978	$8,803
Food Service-Auxiliary	$4,376,129	$4,376,129	$0	$0
Library Acquisitions	$1,484,486	$1,484,486	$0	$0
Misc	$1,211,200	$5,433,080	-$4,338,016	$116,136

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$100,212	TotalAmt
Program Services	$8,702,039	ProgramServicesAmt
Management And General	-$9,643,739	ManagementAndGeneralAmt
Fundraising	$1,041,912	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$156,546,577	TotalAmt
Program Services	$146,438,130	ProgramServicesAmt
Management And General	$4,587,864	ManagementAndGeneralAmt
Fundraising	$5,520,583	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$25,517,758	BOYAmt
EOY	$6,164,546	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$16,363,907	BOYAmt
EOY	$46,018,331	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,505,050	BOYAmt
EOY	$4,973,413	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$613,113	BOYAmt
EOY	$500,101	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$95,728	BOYAmt
EOY	$115,847	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$191,361	BOYAmt
EOY	$259,716	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,258,722	BOYAmt
EOY	$1,188,909	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$218,433,769	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$98,116,011	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$119,777,876	BOYAmt
EOY	$120,317,758	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$71,893,999	BOYAmt
EOY	$72,785,454	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$303,381,683	BOYAmt
EOY	$336,930,090	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,381,584	BOYAmt
EOY	$5,281,174	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,507,259	BOYAmt
EOY	$1,706,193	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$551,488,040	BOYAmt
EOY	$596,241,532	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$10,275,906	BOYAmt
EOY	$12,288,504	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$9,768,487	BOYAmt
EOY	$10,678,667	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$78,940,339	BOYAmt
EOY	$76,111,195	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$750,000	BOYAmt
EOY	$650,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$15,662,159	BOYAmt
EOY	$15,871,453	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$115,396,891	BOYAmt
EOY	$115,599,819	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$115,787,024	BOYAmt
EOY	$128,055,991	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$192,056,994	BOYAmt
EOY	$222,038,927	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$128,247,131	BOYAmt
EOY	$130,546,795	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$436,091,149	BOYAmt
EOY	$480,641,713	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$551,488,040	BOYAmt
EOY	$596,241,532	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$6,375,230	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$39,125,575	NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Investment Expense	$0	InvestmentExpenseAmt
Prior Period Adjustments	$0	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	-$950,241	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$28,028,872	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$13,515,608	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$15,210,416	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$15,071,513	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,471,658	CurrentTaxYearAmt
Total	$86,298,067	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$28,028,872	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$13,515,608	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$15,210,416	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$15,071,513	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,471,658	CurrentTaxYearAmt
Total	$86,298,067	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$29,602,300	SubstantialContributorsTotAmt
Public Support Total170	$56,695,767	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,248,094	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,135,148	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,407,813	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,245,943	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,595,819	CurrentTaxYearAmt
Total	$25,632,817	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$69,409	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,083,858	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$110,050	CurrentTaxYearMinus1YearAmt
Current Tax Year	$75,327	CurrentTaxYearAmt
Total	$1,338,644	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$0	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$113,269,528	TotalSupportAmt
Gross Receipts Rltd Activities	$0	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.50054	PublicSupportCY170Pct
Public Support PY170	0.50603	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	Yes (1)	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (1)	DirectContactLegislatorsInd
Direct Contact Legislators	$31,758	DirectContactLegislatorsAmt
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	0	OtherActivitiesInd
Total Lobbying Expenditures	$31,758	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1	FormAndLineReferenceDesc
Explanation	Gerald D'Amico works with the University to make us aware of federal and state programs, the funding of which may be of assistance to Clark Programs. A small portion of the President's and VP for Community and Government Relations' time is spent meeting with and calling government officials.	ExplanationTxt

Schedule D IRS990ScheduleD

Held Works Art HeldWorksArtGrp

Field	Value	IRS element (for citing)
Revenues Included	$0	RevenuesIncludedAmt
Assets Included	$0	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	0	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$354,873,500	BeginningYearBalanceAmt
Contributions	$1,490,257	ContributionsAmt
Investment Earnings Or Losses	$50,688,500	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,517,234	GrantsOrScholarshipsAmt
Other Expenditures	$8,948,173	OtherExpendituresAmt
Administrative Expenses	$1,494,772	AdministrativeExpensesAmt
End Year Balance	$392,092,078	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$299,286,423	BeginningYearBalanceAmt
Contributions	$12,123,813	ContributionsAmt
Investment Earnings Or Losses	$58,133,097	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,478,668	GrantsOrScholarshipsAmt
Other Expenditures	$8,725,193	OtherExpendituresAmt
Administrative Expenses	$1,465,662	AdministrativeExpensesAmt
End Year Balance	$354,873,810	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$316,926,482	BeginningYearBalanceAmt
Contributions	$1,812,063	ContributionsAmt
Investment Earnings Or Losses	-$5,223,151	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,446,464	GrantsOrScholarshipsAmt
Other Expenditures	$4,360,313	OtherExpendituresAmt
Administrative Expenses	$1,422,194	AdministrativeExpensesAmt
End Year Balance	$299,286,423	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$263,602,730	BeginningYearBalanceAmt
Contributions	$5,629,721	ContributionsAmt
Investment Earnings Or Losses	$61,478,734	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,246,716	GrantsOrScholarshipsAmt
Other Expenditures	$8,161,429	OtherExpendituresAmt
Administrative Expenses	$1,376,558	AdministrativeExpensesAmt
End Year Balance	$316,926,482	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$214,649,752	BeginningYearBalanceAmt
Contributions	$17,220,794	ContributionsAmt
Investment Earnings Or Losses	$45,363,929	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,387,849	GrantsOrScholarshipsAmt
Other Expenditures	$7,946,652	OtherExpendituresAmt
Administrative Expenses	$1,297,244	AdministrativeExpensesAmt
End Year Balance	$263,602,730	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.16	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.31	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.53	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (1)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$202,280	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$14,678,425	OtherCostOrOtherBasisAmt
Book Value	$14,880,705	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$189,109,513	OtherCostOrOtherBasisAmt
Depreciation	$92,049,570	DepreciationAmt
Book Value	$97,059,943	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$104,563	OtherCostOrOtherBasisAmt
Depreciation	$65,684	DepreciationAmt
Book Value	$38,879	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$10,981,577	OtherCostOrOtherBasisAmt
Depreciation	$6,000,757	DepreciationAmt
Book Value	$4,980,820	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$3,357,411	OtherCostOrOtherBasisAmt
Depreciation	$0	DepreciationAmt
Book Value	$3,357,411	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$120,317,758	TotalBookValueLandBuildingsAmt

Financial Derivatives FinancialDerivativesGrp

Field	Value	IRS element (for citing)
Book Value	$0	BookValueAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

Field	Value	IRS element (for citing)
Book Value	$0	BookValueAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Partnerships/Alternative Investments	$336,608,911	F
Other	$321,179	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$336,930,090	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDesc	AmtAmt
Annuities payable	$7,789,310
Perkins federal liability contra	$5,480,196
PILOT liability	$1,309,142
Conditional Asset Retirement Obligation	$1,090,699
FIN 48 liability	$89,495
Deferred compensation-VP	$69,883
Capital lease obligation	$33,319
UBI tax liability	$9,409

Field	Value	IRS element (for citing)
Total Liability	$15,871,453	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$144,974,433	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$39,125,575	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants	$0	RecoveriesPriorYearGrantsAmt
Other Revenue	-$56,223,493	OtherRevenueAmt
Revenue Not Reported	-$17,097,918	RevenueNotReportedAmt
Revenue Subtotal	$162,072,351	RevenueSubtotalAmt
Investment Expenses Not Incld	$1,102,016	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	-$252,560	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$849,456	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$162,921,807	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$100,423,869	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$0	DonatedServicesUseFcltsAmt
Prior Year Adjustments	$0	PriorYearAdjustmentsAmt
Losses Reported	$0	LossesReportedAmt
Other Expenses Included	$252,560	OtherExpensesIncludedAmt
Expenses Not Reported	$252,560	ExpensesNotReportedAmt
Expenses Subtotal	$100,171,309	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$1,102,016	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$55,273,252	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$56,375,268	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$156,546,577	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part III, Line 1	The University houses certain collections of works of art, literary works and artifacts. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. They are neither disposed of for financial gain nor encumbered in any manner. Accordingly, these collections are not recorded or capitalized for financial statement purposes.
Schedule D, Part III, Line 4	Clark University has art and book collections that are used by students and faculty to enhance the curriculum. On occasion, these works have been accessed for scholarly research.
Schedule D, Part V, Line 4	The University has adopted an endowment investment philosophy, which combined with the spending rate, attempts to provide a predictable stream of returns thereby making funds available to programs that are supported by its endowment, while at the same time seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted-funds, which the organization must hold in perpetuity or for donor-specified periods. Under the University's Investment Policy and spending rate, both of which are approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to produce an inflation-adjusted return in excess of the spending rate over a long period of time. The use of the distribution is for mission related activities including student scholarship, library acquisitions, research, academic support, student loans, and instruction.
Schedule D, Part X	The University currently has a reserve of $89,495. for potential FIN 48 liabilities. Per the advice of our external auditing firm, we did not mention the reserve in the FIN 48 footnote, as the reserve was not deemed material to the financial statements.
Schedule D, Part X, Line 2	The University is a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code, as amended (the Code), and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The University is required to assess uncertain tax positions and has determined that there were no such positions that are material to the financial statements. If such positions existed, it is the University's policy to record estimated interest and penalties as part of the general and institutional expense. No interest or penalties have been recorded for the years ended May 21, 2013 and 2014. Management believes that the University's income tax returns for fiscal years ending May 31, 2009 and prior are no longer subject to examination by tax authorities in its major tax jurisdictions.
Schedule D, Part XI, Line 2d	Reclass tuition remissions ($55,086,139.) Student loan program expense in non-operating activity, ($143,897) Change in value of post retirement health obligation in non-operating activity ($43,216.) Change in the value of the interest rate swap ($70,910). Change in the value of split interest and beneficial interest in outside trust ($1,021,151.)
Schedule D, Part XI, Line 4b	Reclass rental property expense to revenue ($252,560.)
Schedule D, Part XII, Line 2d	Reclass rental property expense to revenue $252,560.
Schedule D, Part XII, Line 4b	Reclass tuition reductions from contra-revenue to expense, $55,086,139. Student loan program expenses in non-operating activity, $143,897. Change in value of post retirement health obligation in non-operating activity, $43,216.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule E, Part I, Line 3	Policy is printed in student handbooks, is available on the school website, and is referenced in all print media.
Schedule E, Part I, Line 6	To provide financial assistance to our students, the University participates in the Title IV program for Campus Work Study, Supplemental Education Opportunity Grants, and the Perkins Loan programs.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (43 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean	Grantmaking	$5,000
East Asia and the Pacific	Grantmaking	$113,036
Europe (including Iceland and Greenland)	Grantmaking	$106,081
Middle East and North Africa	Grantmaking	$8,888
South Asia	Grantmaking	$7,987
South America	Grantmaking	$13,721
Sub-Saharan Africa	Grantmaking	$51,862
Central America and the Caribbean	Program Services	$3,072	conferences
East Asia and the Pacific	Program Services	$7,437	conferences
Europe (including Iceland and Greenland)	Program Services	$101,667	conferences
Middle East and North Africa	Program Services	$14,809	conferences
North America (including Canada and Mexico, but not the United States)	Program Services	$10,775	conferences
Russia and the newly independent States	Program Services	$187	conferences
South America	Program Services	$3,535	conferences
South Asia	Program Services	$1,902	conferences
Sub-Saharan Africa	Program Services	$4,302	conferences
Central America and the Caribbean	Program Services	$23,970	instruction
East Asia and the Pacific	Program Services	$1,424	instruction
Europe (including Iceland and Greenland)	Program Services	$589,864	instruction
Middle East and North Africa	Program Services	$2,363	instruction
North America (including Canada and Mexico, but not the United States)	Program Services	$3,798	instruction
Russia and the newly independent States	Program Services	$76,432	instruction
South Asia	Program Services	$375	instruction
Central America and the Caribbean	Program Services	$11,818	program development
East Asia and the Pacific	Program Services	$58,125	program development
Europe (including Iceland and Greenland)	Program Services	$45,544	program development
Middle East and North Africa	Program Services	$5,346	program development
North America (including Canada and Mexico, but not the United States)	Program Services	$1,044	program development
Russia and the newly independent States	Program Services	$16,063	program development
South America	Program Services	$2,205	program development
South Asia	Program Services	$2,756	program development
Sub-Saharan Africa	Program Services	$4,215	program development
Central America and the Caribbean	Program Services	$2,613	student recruitment
East Asia and the Pacific	Program Services	$20,740	student recruitment
Europe (including Iceland and Greenland)	Program Services	$2,535	student recruitment
Middle East and North Africa	Program Services	$4,231	student recruitment
North America (including Canada and Mexico, but not the United States)	Program Services	$1,657	student recruitment
South America	Program Services	$5,077	student recruitment
South Asia	Program Services	$15,455	student recruitment
Sub-Saharan Africa	Program Services	$1,845	student recruitment
East Asia and the Pacific	Program Services	$6,965	research
Sub-Saharan Africa	Program Services	$3,725	research
Central America and the Caribbean	Investments	$6,815,917

Field	Value	IRS element (for citing)
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Total Spent	$8,180,363	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (4 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt
Europe (including Iceland and Greenland)	research	$27,681	wire transfer	$0
North America (including Canada and Mexico, but not the United States)	research	$26,257	check	$0
South Asia	research	$25,816	check	$0
South America	research	$20,420	wire transfer	$0

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt
Total Other Org	1	TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt
research grants	East Asia and the Pacific	1	$36,489	transfer	$0
research grants	Sub-Saharan Africa	1	$15,592	check	$0
scholarships	Europe (including Iceland and Greenland)	7	$21,706	check	$0
scholarships	Sub-Saharan Africa	2	$11,237	check	$0

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 2	FormAndLineReferenceDesc
Explanation	PRE-AWARD SUBRECIPIENT MONITOR: Federal awards are identified by informing each subrecipient of CFDA title and number, award name and number, award year, and name of Federal agency. If any of this information is not available, the pass-through entity shall provide the best information available to describe the Federal award. The subrecipient is advised of requirements imposed by governing laws, regulations, and provisions of contracts or grant agreements and supplemental requirements imposed by the pass-through entity. The subrecipient's activities are monitored to ensure awards are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and performance goals are achieved. Assurance is ascertained that any subrecipient expending $500,000 or more in Federal awards during the subrecipient's fiscal year must meet the audit requirements of OMB A-133. A management decision on audit findings must be issued within six months after receipt of the subrecipient's audit report and management must follow up to ensure that the subrecipient takes appropriate and timely corrective action. A determination is made as to whether subrecipient audits necessitate adjustment of the pass-through entity's own records. Each subrecipient is required to permit the pass-through entity and auditors to have access to the records and financial statements as necessary for the pass-through entity to comply with this part. POST-AWARD SUBRECIPIENT MONITORING: The Principal Investigator (PI) or Program Director (PD) is responsible for monitoring the activities. The subrecipient should submit progress reports, technical reports and other deliverables to the PI/PD by specified due dates. The PI/PD is responsible for forwarding copies of the subrecipient's report(s) to the Office of Research and Sponsored Programs (ORSP). Subrecipient invoices submitted to the university must contain the following information: invoice must be on subcontractor's letterhead, date of invoice, invoice number, period of performance covered by the invoice, itemized description of services and backup documentation, current period costs, including cost sharing, cumulative project costs, including cost sharing, subrecipient contact person with respect to invoice, invoice must be signed by an authorized official of the subcontractor, invoice must contain a certification that all payments requested are for appropriate purposes and in accordance with the agreements set forth in the application and award documents. The PI/PD is responsible for reviewing and approving invoices from subrecipient(s) for adherence to the budget. The signature of the PI/PD on the invoice indicates that the review has taken place and that the invoice adheres to budget. Grant Accounting will review the subrecipient's invoice(s) for the following: period of performance is within the contract period, appropriate invoice format and level of detail, signatures of the PI/PD, certification of signature by authorized subrecipient representatives, funds are available in contract, and cost share documentation is provide, if applicable. Grant Accounting is responsible for ensuring that subrecipients that expend $500,000 or more of federal funds each fiscal year submit an A133 Audit Certification Letter. The following is required to close out a subrecipient award: receipt of final invoice, receipt of cost share documentation, if applicable, time and effort certifications, final progress and technical reports, annual A133 certification letter. Grant Accounting is responsible for tracking payments made to individuals or organizations where payments are made when out of the US as required by the Schedules F and I - Form 990." EDUCATIONAL ASSISTANCE: Educational assistance is awarded based on financial need and merit. Need based assistance is awarded after review of the student's FAFSA, tax return transcripts, W-2 statements, and other relevant financial documents. Students are required to maintain satisfactory academic progress in order to continue to be eligible for need based assistance. Students' Grade Point Averages and earned units are reviewed each academic year to ensure satisfactory academic progress is achieved. Merit based educational assistance is awarded to students via Committee. Students who are awarded merit based assistance are required to maintain satisfactory academic progress in accordance with the terms of the assistance received. Need and merit based educational assistance are funded directly to the student's accounts receivable balance to offset tuition, fees, and room and board. Any resulting refunds are issued to the student. Students are granted research awards by their academic departments and work with faculty advisors who monitor the research performed by the student.	ExplanationTxt

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Solicitation Of Non Govt Grants	Yes (X)	SolicitationOfNonGovtGrantsInd
Solicitation Of Govt Grants	Yes (X)	SolicitationOfGovtGrantsInd
Agrmt Prof Fundraising Acty	Yes (1)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Washburn and McGoldrick Inc	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	950 New Loundon Street	AddressLine1
City	Latham	City
State	NY	State
ZIP Code	12110	ZIPCode

Field	Value	IRS element (for citing)
Activity	Campaign consulting	ActivityTxt
Fundraiser Control Of Funds	0	FundraiserControlOfFundsInd
Gross Receipts	$0	GrossReceiptsAmt
Retained By Contractor	$21,448	RetainedByContractorAmt
Net To Organization	-$21,448	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$0	TotalGrossReceiptsAmt
Total Retained By Contractors	$21,448	TotalRetainedByContractorsAmt
Total Net To Organization	-$21,448	TotalNetToOrganizationAmt
Licensed States	MA	LicensedStatesCd

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
Assumption College
Salisbury Street	Worcester	MA	01609	042105776	501(c)(3)	$11,710	$0	Research
Bridgewater State University
131 Summer Street	Bridgewater	MA	02325	043010428	501(c)(3)	$44,491	$0
College of the Holy Cross
College Street	Worcester	MA	01610	042103558	501(c)(3)	$10,968	$0
National Oceanic and Atmospheric Administration
PO Box 979008	St Louis	MO	63197	061834875	government org	$78,062	$0	Research
Worcester Polytechnic Institiute
West Street	Worcester	MA	01609	042121659	501(c)(3)	$12,054	$0	Research
University of Maryland
PO Box 775	Cambridge	MD	21613	526002033	501(c)(3)	$48,370	$0	Research

Field	Value	IRS element (for citing)
Total501c3 Org	6	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt
Undergraduate scholarships	2040	$39,952,008	$0
Graduate scholarships	95	$125,090	$0
Graduate remissions	840	$14,001,122	$0
Undergraduate remissions	163	$939,797	$0
Graduate awards	140	$599,350	$0
Undergraduate awards	167	$277,874	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2	FormAndLineReferenceDesc
Explanation	PRE-AWARD SUBRECIPIENT MONITOR: Federal awards are identified by informing each subrecipient of CFDA title and number, award name and number, award year, and name of Federal agency. If any of this information is not available, the pass-through entity shall provide the best information available to describe the Federal award. The subrecipient is advised of requirements imposed by governing laws, regulations, and provisions of contracts or grant agreements and supplemental requirements imposed by the pass-through entity. The subrecipient's activities are monitored to ensure awards are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and performance goals are achieved. Assurance is ascertained that any subrecipient expending $500,000 or more in Federal awards during the subrecipient's fiscal year must meet the audit requirements of OMB A-133. A management decision on audit findings must be issued within six months after receipt of the subrecipient's audit report and management must follow up to ensure that the subrecipient takes appropriate and timely corrective action. A determination is made as to whether subrecipient audits necessitate adjustment of the pass-through entity's own records. Each subrecipient is required to permit the pass-through entity and auditors to have access to the records and financial statements as necessary for the pass-through entity to comply with this part. POST-AWARD SUBRECIPIENT MONITORING: The Principal Investigator (PI) or Program Director (PD) is responsible for monitoring the activities. The subrecipient should submit progress reports, technical reports and other deliverables to the PI/PD by specified due dates. The PI/PD is responsible for forwarding copies of the subrecipient's report(s) to the Office of Research and Sponsored Programs (ORSP). Subrecipient invoices submitted to the university must contain the following information: invoice must be on subcontractor's letterhead, date of invoice, invoice number, period of performance covered by the invoice, itemized description of services and backup documentation, current period costs, including cost sharing, cumulative project costs, including cost sharing, subrecipient contact person with respect to invoice, invoice must be signed by an authorized official of the subcontractor, invoice must contain a certification that all payments requested are for appropriate purposes and in accordance with the agreements set forth in the application and award documents. The PI/PD is responsible for reviewing and approving invoices from subrecipient(s) for adherence to the budget. The signature of the PI/PD on the invoice indicates that the review has taken place and that the invoice adheres to budget. Grant Accounting will review the subrecipient's invoice(s) for the following: period of performance is within the contract period, appropriate invoice format and level of detail, signatures of the PI/PD, certification of signature by authorized subrecipient representatives, funds are available in contract, and cost share documentation is provide, if applicable. Grant Accounting is responsible for ensuring that subrecipients that expend $500,000 or more of federal funds each fiscal year submit an A133 Audit Certification Letter. The following is required to close out a subrecipient award: receipt of final invoice, receipt of cost share documentation, if applicable, time and effort certifications, final progress and technical reports, annual A133 certification letter. Grant Accounting is responsible for tracking payments made to individuals or organizations where payments are made when out of the US as required by the Schedules F and I - Form 990." EDUCATIONAL ASSISTANCE: Educational assistance is awarded based on financial need and merit. Need based assistance is awarded after review of the student's FAFSA, tax return transcripts, W-2 statements, and other relevant financial documents. Students are required to maintain satisfactory academic progress in order to continue to be eligible for need based assistance. Students' Grade Point Averages and earned units are reviewed each academic year to ensure satisfactory academic progress is achieved. Merit based educational assistance is awarded to students via Committee. Students who are awarded merit based assistance are required to maintain satisfactory academic progress in accordance with the terms of the assistance received. Need and merit based educational assistance are funded directly to the student's accounts receivable balance to offset tuition, fees, and room and board. Any resulting refunds are issued to the student. Students are granted research awards by their academic departments and work with faculty advisors who monitor the research performed by the student.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
David Angel
Officer	$278,394	$0	$32,085	$0	$0	$0	$25,500	$0	$43,694	$0	$379,673	$0
Davis Baird
Key Employee	$225,467	$0	$0	$0	$0	$0	$22,343	$0	$432	$0	$248,242	$0	$0	$0
Nancy Budwig
Key Employee	$165,288	$0	$0	$0	$0	$0	$16,827	$0	$15,690	$0	$197,805	$0	$0	$0
James Collins
Key Employee	$138,969	$0	$26,447	$0	$0	$0	$46,201	$0	$24,617	$0	$236,234	$0	$0	$0
Paula David
Key Employee	$227,994	$0	$0	$0	$0	$0	$22,931	$0	$9,844	$0	$260,769	$0	$0	$0
William Fisher
Key Employee	$192,620	$0	$0	$0	$0	$0	$19,192	$0	$1,104	$0	$212,916	$0	$0	$0
John Foley
Officer	$146,030	$0	$0	$0	$0	$0	$14,416	$0	$23,502	$0	$183,948	$0	$0	$0
Donald Honeman
Key Employee	$171,890	$0	$0	$0	$0	$0	$17,239	$0	$872	$0	$190,001	$0	$0	$0
Andrew McGadney
Key Employee	$245,412	$0	$39,039	$0	$6,166	$0	$25,500	$0	$2,355	$0	$318,472	$0	$0	$0
Andrea Michaels
Key Employee	$155,014	$0	$0	$0	$0	$0	$16,015	$0	$18,749	$0	$189,778	$0	$0
Pennie Turgeon
Key Employee	$169,491	$0	$0	$0	$0	$0	$16,996	$0	$40,002	$0	$226,489	$0	$0	$0
Deborah Dwork
Faculty	$188,138	$0	$0	$0	$0	$0	$18,719	$0	$404	$0	$207,261	$0	$0	$0
Ronald Eastman
Faculty	$173,156	$0	$0	$0	$0	$0	$18,016	$0	$20,393	$0	$211,565	$0	$0	$0
James Gomes
Director of Mosakowski Institute	$160,309	$0	$0	$0	$0	$0	$16,187	$0	$42,731	$0	$219,227	$0	$0	$0
Robert Johnston
Faculty	$179,212	$0	$0	$0	$0	$0	$18,491	$0	$17,591	$0	$215,294	$0	$0	$0
Catherine Usoff
Dean Graduate School of Management	$246,743	$0	$0	$0	$0	$0	$25,158	$0	$16,354	$0	$288,255	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule J, Part I, Line 1a

Jocelyne Bauduy, wife of President David Angel, travels on bona fide business trips in her position as Special Assistant to the President. President David Angel is required to live in a house owned by the University. No value was included in compensation. David Angel, Davis Baird, and Andrew McGadney have memberships at the Worcester Club for the purpose of University related entertaining. Appropriate business expenses are paid by the University.

Schedule J, Part I, Line 7

All bonuses listed in Schedule J were performance based.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
Massachusetts Development Finance Agency
A	043431814	57583REQ4	2005-11-03	$20,000,000	Refund MIFA96 (OID 5/2/96) Construct & Equip residence hall	0	0	0
Massachusetts Development Finance Agency
B	043431814	57583RUU7	2008-04-07	$50,255,000	Refund MDFA00 (OID: 11/2/00), Refund MDFA02A (OID:11/26/2002), See Part VI.	0	0	0
Massachusetts Development Finance Agency
C	043431814	57583UJY5	2011-12-01	$20,098,799	Refund MDFA98 (OID 11/10/98), See Part VI.	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$4,195,000	$0	$21,554,838	$0	$1,319,559	$0	$253,854	$241,643	$0	$16,430,547	$3,309,235	$0	2008	0	Yes (1)	Yes (1)	Yes (1)
B	$8,475,000	$795,271	$50,334,445	$0	$0	$0	$273,558	$78,412	$0	$10,080,875	$39,901,600	$0	2009	Yes (1)	0	Yes (1)	Yes (1)
C	$1,595,000	$0	$20,099,208	$0	$0	$0	$253,048	$0	$0	$5,616,353	$14,229,806	$0	2013	Yes (1)	0	Yes (1)	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Total Private Business UseTotalPrivateBusinessUsePct	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd
A	0	0	0	Yes (1)	Yes (1)
B	Yes (1)	0.0023	0.0023	Yes (1)	Yes (1)	0
C	0	0	0	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Term Of HedgeTermOfHedgePct	Superintegrated HedgeSuperintegratedHedgeInd	Hedge TerminatedHedgeTerminatedInd
(no name)
A	Yes (1)	0	0	0	0	0
Barclay's
B	0	Yes (1)	Yes (1)	0	0	0	Yes (1)	Yes (1)	Yes (1)	30	0	0
(no name)
C	0	0	0	0	0	0	Yes (1)	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule K, Part I, Column f-04/07/2008 50,255,000 Massachusetts Development Finance Agency	Refund MDFA02B (OID: 11/26/2002) Construct and Equip Library.
Schedule K, Part I, Column f-12/01/2011 20,098,799 Massachusetts Development Finance Agency	Finance the construction, renovation and/or equipping of certain facilities of the Institution and to pay the costs of issuing the Bonds.
Schedule K, Part IV, Line 2c-04/07/2008 50,255,000 Massachusetts Development Finance Agency	Clark has engaged AMTEC to perform the arbitrage rebate computations for the MDFA series 2008. Their computations covered the period from April 7,2008 through April 7,2014-the end of the fifth bond year and computation date. The report dated May 7,2014 provided that the issue qualified for the Eighteen Month Spending Exception from rebate.
Schedule K, Part IV, Line 2c-12/01/2011 20,098,799 Massachusetts Development Finance Agency	Clark has engaged AMTEC to perform the arbitrage rebate computations for the MDFA Series 2011. Their computations cover the period from December 1,2011 through December 31,2013, with activity future valued to December 1,2016 - the end of the fifth bond year and the computation date. The report, dated December 19, 2013, provided their calculation and conclusion that no rebate liability existed and reporting to the IRS was not required at this time.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Christopher Cannon
Employee is the son of K. Cannon, officer	$47,584	Compensation for position of Mail and Delivery assistant	0
Jocelyne Bauduy
Employee is wife of President	$23,009	Compensation for position of Special Assistant to the President's Office	0
William S Mosakowski
Former Trustee, substantial contributor, ownership interest in excess of 5% in Public Consulting Grp	$281,020	Public Consulting Group purchases educational programs from Clark's Graduate School of Management for their employees. Mr. Mosakowski has an ownership interest in excess of 5% in PCG.	0
Eric Epstein
Trustee and Director Davidson Kempner	$94,000	Prior to Mr. Epstein joining the Board, Clark invested in Davidson Kempner. Clark paid management fees of approximately $94,000. to the partnership in the current tax year.	0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	52	ContributionCnt
Noncash Contributions Rpt F990	$867,753	NoncashContributionsRptF990Amt
Method Of Determining Revenues	market value	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Section A, Line 2	Robert Stevenish was a trustee for a portion of 2013, but is not listed in Part VII as he was not a trustee at the end of the year. His son, Robert Stevenish II is a trustee and was during all of 2013.
Form 990, Part VI, Section B, Line 11b	The Audit Committee of the Board of Trustees was authorized and requested to review the administration's draft responses to the form 990. This was completed at the January , 2015 meeting of the committee. The Board has authorized the submittal to the Internal Revenue Service with the approval of the Audit Committee. In addition, the reviewed draft of the 990 is posted on the trustee web page and each member is notified of the opportunity to review before submission.
Form 990, Part VI, Section B, Line 12c	Each trustee, senior administrator and faculty member is required to complete annually a conflict of interest disclosure form. Faculty forms are reviewed by the Grants Office within the Office of Academic Affairs. Trustees and senior administrators' disclosures are reviewed by the Assistant Secretary of the Corporation and the Executive Vice President, who is also the Treasurer of the Board of Trustees.
Form 990, Part VI, Section B, Line 15	Historically, the Chairman of the Board of Trustees requests the Vice President for Planning and Finance to provide comparable institution compensation data. Data is obtained from a combination of publicly available forms 990, information disclosed in the Chronicle of Higher Education, and from salary surveys, including those available from the College and University Personnel Association (CUPA). These data are submitted directly without editing. The Board Chair discusses performance metrics, including a review of the objectives achieved, with both the President and the Board of Trustees. The Board Chair advises the full Board of Trustees of the compensation level of the President. The University also engages a professional compensation consultant and has established an Executive Compensation Committee. The Committee is charged by the full Board of Trustees with establishing the President's compensation with the assistance of the consultant, who develops appropriate performance metrics and collects comparable institutional survey data.
Form 990, Part VI, Section C, Line 19	Clark University's governing documents, conflict of interest policy, and financial statements are all considered public documents. The governing documents, including the provisions of Jonas Clark's will, the by-laws of the University and the Articles of Incorporation are available for public viewing in Goddard Library, and are also publicly available as a result of several public debt issuances through the Massachusetts Development Finance Agency (MDFA). Financial statements are similarly available, and are also posted on the University's website and through Guidestar. The conflict of interest policy is available upon request from the Board of Trustees office and the Office of Sponsored Programs and Research.
Form 990, Part XI, Line 9	Change in value of interest rate swap, ($70,910.) Change in beneficial interest in outside trust, $1,149,174. Change in beneficial interest in outside trust, ($128,023.)

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Direct Controlling NADirectControllingNACd	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
Charitable Remainder Trust (27)
950 Main Street	Worcester	MA	01610	Charitable Trust	MA	N/A	T	0
Lead Annuities (4)
950 Main Street	Worcester	MA	01610	Charitable Trust	MA	N/A	T	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Reasonable Cause Explanation ReasonableCauseExplanation

Field	Value	IRS element (for citing)
Explanation	The University had not received all necessary information to file an accurate return on the due date.	ExplanationTxt