UNIVERSITY OF MASSACHUSETTS FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MASSACHUSETTS FOUNDATION INC (EIN 04-6013152)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-04-29
- IRS object ID
- 201401199349300430
- Schema version
- 2012v2.1
- 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 D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-29T12:09:06-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 021293742 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046013152 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MASSACHUSETTS FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6172875590 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 FRANKLIN STREET 33RD FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MCGLADREY LLP | Name |
| Title | EXECUTIVE VICE PRESIDENT | Title |
| Phone | 6172875590 | Phone |
| Date Signed | 2014-04-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LYNNE JOHNSON | Name |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT L CARET | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 FRANKLIN STREET 33RD FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 116424078 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MASSACHUSETTS.EDU/FOUNDATION/FOUNDATION.HTML | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1950 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. THE FOUNDATION RECEIVES, INVESTS AND DISBURSES PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND ITS EDUCATIONAL MISSION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5 | TotalNbrEmployees |
| Total Nbr Volunteers | 40 | TotalNbrVolunteers |
| Total Gross UBI | 140876 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 139876 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 24104638 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 22055603 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8495573 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7673100 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 7300961 | OtherRevenuePriorYear |
| Other Revenue Current Year | 8895752 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 39901172 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38624455 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 18730626 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 13362408 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 224550 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 358157 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3695688 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3731533 | OtherExpensePriorYear |
| Other Expenses Current Year | 4901459 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22686709 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18622024 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 17214463 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 20002431 | RevenuesLessExpensesCY |
| Total Assets BOY | 370524806 | TotalAssetsBOY |
| Total Assets EOY | 399603111 | TotalAssetsEOY |
| Total Liabilities BOY | 5762006 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5316700 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 364762800 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 394286411 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. TO INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13814752 | Expense |
| Grants | 13362408 | Grants |
| Revenue | 9374887 | Revenue |
| Description | THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS INCLUDING BUT NOT LIMITED TO SUPPORT OF SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SERVICES EXPENDITURES. | Description |
| Total Program Service Expense | 13814752 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 5 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ROBERT M GOODHUE ESQ | NamePerson |
| Telephone Number | 6172875590 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 FRANKLIN STREET 33RD FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ROBERT L CARET | |||||||
| PRESIDENT/DIRECTOR | 5.00 | X | X | 0 | 0 | 0 | |
| JAMES P PAPPAS | |||||||
| SECRETARY/DIRECTOR | 1.00 | X | X | 0 | 0 | 0 | |
| EDWARD H D'ALELIO | |||||||
| TREASURER/DIRECTOR | 1.00 | X | X | 0 | 0 | 0 | |
| RICHARD V AGHABABIAN MD | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARK ATKINS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DOUGLAS CLIGGOTT | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN A COLLINS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOSEPH C DAY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN R DUNNE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GRACE K FEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STANLEY L FUNG | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARIA D FURMAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WARREN J ISABELLE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN D KATTAR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARK A MARINELLA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| R NORMAN PETERS ESQ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARY L REED | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT R REITANO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ANDREW T RUDD | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT K SHERIDAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| KARL E WHITE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROY J ZUCKERBERG | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL F COLLINS MD | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MATTHEW C DONAHUE ESQ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| PATRICIA C FLAHERTY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DIVINA GROSSMAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JAMES R JULIAN JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARTIN T MEEHAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| J KEITH MOTLEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| KUMBLE R SUBBASWAMY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| HENRY M THOMAS III | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHRISTINE M WILDA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES J PAGNAM | |||||||
| EXECUTIVE VICE PRESIDENT | 25.00 | X | 0 | 0 | 0 | ||
| ROBERT M GOODHUE ESQ | |||||||
| INTERIM EXEC. VP/ GENERAL COUNSEL | 40.00 | X | 205536 | 0 | 51339 | ||
| JUDITH A MURPHY | |||||||
| ASSOCIATE VICE PRESIDENT/ CONTROLLER | 40.00 | X | 150158 | 0 | 45633 | ||
| SANDY A OWEN | |||||||
| DEPUTY CHIEF OPERATING OFFICER | 40.00 | 111842 | 0 | 34075 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 467536 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 131047 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 174050 | FundraisingEvents |
| Government Grants | 279022 | GovernmentGrants |
| All Other Contributions | 21602531 | AllOtherContributions |
| Noncash Contributions | 1694220 | NoncashContributions |
| Total Contributions | 22055603 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 950927 | TotalRevenueColumn |
| Unrelated Business Revenue | 140876 | UnrelatedBusinessRevenue |
| Exclusion | $810,051 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 84423278 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 77701105 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6722173 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6722173 | TotalRevenueColumn |
| Exclusion | $6,722,173 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 26410 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 174050 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 98518 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -72108 | TotalRevenueColumn |
| Exclusion | -$72,108 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEE | 561000 | 8867456 | 8867456 |
| PRIOR YEAR UNSPENT INCOME | 900099 | 465920 | 465920 |
| CHANGE IN VALUE OF SPLIT INTEREST | 561000 | -407027 | -407027 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41511 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41511 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 8967860 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38624455 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8967860 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 140876 | UnrelatedBusinessRevenue |
| Exclusion | $7,460,116 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13362408 | Total |
| Program Services | 13362408 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54579 | Total |
| Program Services | 8187 | ProgramServices |
| Management And General | 32747 | ManagementAndGeneral |
| Fundraising | 13645 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243249 | Total |
| Program Services | 48650 | ProgramServices |
| Management And General | 194599 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26304 | Total |
| Program Services | 5261 | ProgramServices |
| Management And General | 21043 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34025 | Total |
| Program Services | 6805 | ProgramServices |
| Management And General | 27220 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135124 | Total |
| Program Services | 33781 | ProgramServices |
| Management And General | 81074 | ManagementAndGeneral |
| Fundraising | 20269 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 528021 | Total |
| Program Services | 105604 | ProgramServices |
| Management And General | 422417 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117584 | Total |
| Management And General | 117584 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15000 | Total |
| Fundraising | 15000 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1800 | Total |
| Program Services | 360 | ProgramServices |
| Management And General | 1440 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74944 | Total |
| Program Services | 14989 | ProgramServices |
| Management And General | 59955 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3648923 | Total |
| Management And General | 2149 | ManagementAndGeneral |
| Fundraising | 3646774 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71722 | Total |
| Program Services | 14344 | ProgramServices |
| Management And General | 57378 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17420 | Total |
| Program Services | 3484 | ProgramServices |
| Management And General | 13936 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46537 | Total |
| Program Services | 9306 | ProgramServices |
| Management And General | 37231 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201573 | Total |
| Program Services | 201573 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42811 | Total |
| Management And General | 42811 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18622024 | Total |
| Program Services | 13814752 | ProgramServices |
| Management And General | 1111584 | ManagementAndGeneral |
| Fundraising | 3695688 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83995 | BOY |
| EOY | 80818 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23409002 | BOY |
| EOY | 17941813 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6889 | BOY |
| EOY | 112992 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 9471909 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 852636 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8821866 | BOY |
| EOY | 8619273 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 206118078 | BOY |
| EOY | 241294463 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132084976 | BOY |
| EOY | 131553752 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 370524806 | BOY |
| EOY | 399603111 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39968 | BOY |
| EOY | 12570 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2411908 | BOY |
| EOY | 1972934 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3310130 | BOY |
| EOY | 3331196 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5762006 | BOY |
| EOY | 5316700 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22958765 | BOY |
| EOY | 27494796 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55538163 | BOY |
| EOY | 62818613 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 286265872 | BOY |
| EOY | 303973002 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 364762800 | BOY |
| EOY | 394286411 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 370524806 | BOY |
| EOY | 399603111 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 20002431 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 17905436 | ReconciliationUnrealizedInvest |
| Reconcilation Prior Adjustment | 686581 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | -9070837 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 20276398 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12039046 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 26125057 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 24104638 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22055603 | CurrentTaxYear |
| Total | 104600742 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 20276398 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12039046 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 26125057 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 24104638 | CurrentTaxYearMinus1Year |
| Current Tax Year | 22055603 | CurrentTaxYear |
| Total | 104600742 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5925831 | AmountsSubstContributorsTotal |
| Public Support Total170 | 98674911 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2372315 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2523992 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3388439 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2194427 | CurrentTaxYearMinus1Year |
| Current Tax Year | 950927 | CurrentTaxYear |
| Total | 11430100 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 465715 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 47001 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 76379 | CurrentTaxYearMinus1Year |
| Current Tax Year | 26410 | CurrentTaxYear |
| Total | 615505 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 116646347 | TotalSupport |
| Gross Receipts From Admissions Etc | 31326840 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.84590 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.69970 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 1 | AgentTrusteeEtc |
| Beginning Balance | 484097035 | BeginningBalance |
| Additions During Year | 151903873 | AdditionsDuringYear |
| Distributions During Year | 38689105 | DistributionsDuringYear |
| Ending Balance | 597311803 | EndingBalance |
| Included On FS | 0 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 308858283 | BeginningOfYearBalance |
| Contributions | 14656944 | Contributions |
| Investment Earnings Or Losses | 25497568 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 9325969 | GrantsOrScholarships |
| Other Expenditures | 426209 | OtherExpenditures |
| Administrative Expenses | -979871 | AdministrativeExpenses |
| End Of Year Balance | 340240488 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 302218254 | BeginningOfYearBalance |
| Contributions | 18898805 | Contributions |
| Investment Earnings Or Losses | -3034590 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 8670000 | GrantsOrScholarships |
| Other Expenditures | 347234 | OtherExpenditures |
| Administrative Expenses | 206952 | AdministrativeExpenses |
| End Of Year Balance | 308858283 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 259183338 | BeginningOfYearBalance |
| Contributions | 17079839 | Contributions |
| Investment Earnings Or Losses | 35469310 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 8087517 | GrantsOrScholarships |
| Other Expenditures | 226164 | OtherExpenditures |
| Administrative Expenses | 1200552 | AdministrativeExpenses |
| End Of Year Balance | 302218254 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 243172575 | BeginningOfYearBalance |
| Contributions | 13234779 | Contributions |
| Investment Earnings Or Losses | 26077174 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3197034 | GrantsOrScholarships |
| Other Expenditures | 20987245 | OtherExpenditures |
| Administrative Expenses | -883089 | AdministrativeExpenses |
| End Of Year Balance | 259183338 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 284904877 | BeginningOfYearBalance |
| Contributions | 13910755 | Contributions |
| Investment Earnings Or Losses | -39024202 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 17059060 | GrantsOrScholarships |
| Other Expenditures | 207526 | OtherExpenditures |
| Administrative Expenses | -647731 | AdministrativeExpenses |
| End Of Year Balance | 243172575 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00590 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.84690 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.14720 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1360140 | OtherCostOrOtherBasis |
| Book Value | 1360140 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7943523 | OtherCostOrOtherBasis |
| Depreciation | 688095 | Depreciation |
| Book Value | 7255428 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 168246 | OtherCostOrOtherBasis |
| Depreciation | 164541 | Depreciation |
| Book Value | 3705 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8619273 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ALTERNATE INVESTMENTS | Description |
| Book Value | 131553752 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 131553752 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ACCRUED TRUST OBLIGATIONS TO BENEFICIARIES | Description |
| Amount | $3,331,196 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3331196 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 208957436 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 17905436 | NetUnrealizedGainsInvestments |
| Other Revenues | 152387920 | OtherRevenues |
| Revenue Not Rptd F990 | 170293356 | RevenueNotRptdF990 |
| Revenue Subtotal | 38664080 | RevenueSubtotal |
| Other Revenues Not Included | -39625 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -39625 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38624455 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 66498609 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 47876585 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 47876585 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18622024 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 18622024 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 1B: | AGENCY ACCOUNTS ARE INVESTMENTS HELD ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AND THE EDWARD M. KENNEDY INSTITUTE. | |
| PART V, LINE 4: | THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS ARE TO BE SPENT WITHIN THE ESTABLISHED CRITERIA FOR THE FUND IN SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS OF THE UNIVERSITY OF MASSACHUSETTS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE FOUNDATION RECOGNIZES OR DERECOGNIZES A TAX POSITION BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2013, MANAGEMENT DOES NOT BELIEVE THAT THERE ARE UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDING JUNE 30, 2010, 2011, AND 2012 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| AMOUNTS RECEIVED ON BEHALF OF UNIVERSITY OF MASSACHUSETTS 118,203,298. PRIOR YEAR UNSPENT INCOME 484,047. EXCESS OF INVESTMENT RETURN OVER SPENDING RATE 33,700,575. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -98,518. PRIOR YEAR UNSPENT INCOME 465,920. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -407,027. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 98,518. AMOUNTS RELATED TO UNIVERSITY OF MASSACHUSETTS 38,707,230. OTHER CHANGES IN NET ASSETS 9,070,837. | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (9 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|
| CENTRAL AMERICA | INVESTMENTS | 102521000 |
| EAST ASIA & PACIFIC | INVESTMENTS | 2637000 |
| EUROPE | INVESTMENTS | 3661000 |
| MIDDLE EAST & NORTH AFRICA | INVESTMENTS | 290000 |
| NORTH AMERICA | INVESTMENTS | 386000 |
| RUSSIA | INVESTMENTS | 856000 |
| SOUTH AMERICA | INVESTMENTS | 847000 |
| SOUTH ASIA | INVESTMENTS | 239000 |
| SUB-SAHARAN AFRICA | INVESTMENTS | 1089000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 111437000 | SubtotalAmountSpent |
| Cont Amount Spent | 1089000 | ContAmountSpent |
| Total Amount Spent | 112526000 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | TRIBUTE DINNER | NameOfEvent1 |
| Gross Receipts Event1 | 174050 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 174050 | CharitableContributionsEvent1 |
| Food And Beverage Event1 | 11046 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 20827 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SPORTS EVENT | NameOfEvent2 |
| Gross Receipts Event2 | 26410 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 26410 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 24988 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 12924 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 750 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 27983 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 200460 | GrossReceiptsTotal |
| Charitable Contributions Total | 174050 | CharitableContributionsTotal |
| Gross Revenue Total Events | 26410 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 24988 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 23970 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 750 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 48810 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 98518 | DirectExpenseSummaryEvents |
| Net Income Summary | -72108 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MASSACHUSETTS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 SOUTH ST SUITE 450 | AddressLine1 |
| City | SHREWSBURY | City |
| State | MA | State |
| ZIP Code | 01545 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 043167352 | EINOfRecipient |
| IRC Section | 115 | IRCSection |
| Amount Of Cash Grant | 13362408 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Purpose Of Grant | SEE PART IV | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | PART I, LINE 2: | SCHEDULE I, PART I, LINE 2: DISTRIBUTIONS TO THE UNIVERSTIY OF MASSACHUSETTS ARE SUBJECT TO THE EXPENDITURE AND DISBURSEMENT POLICIES OF THE UNIVERSITY OF MASSACHUSETTS, INCLUDING ALLOWABILITY, APPROPRIATENESS (BUSINESS PURPOSE, ADEQUATE DOCUMENTATION, AND PROPER APPROVALS), AND DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. |
| PART II, LINE 1, COLUMN (H): | PURPOSE OF GRANT OR AWARD | DISTRIBUTIONS TO THE UNIVERSITY OF MASSACHUSETTS ARE PROVIDED IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, ETC.), FACULTY AND STAFF SUPPORT (ENDOWMENT FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), ACADEMIC PROGRAM SUPPORT, AND FACILITIES SUPPORT. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT M GOODHUE ESQ | ||||||||||||||
| INTERIM EXEC. VP/ GENERAL COUNSEL | 205536 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51339 | 0 | 256875 | 0 | 0 | 0 |
| JUDITH A MURPHY | ||||||||||||||
| ASSOCIATE VICE PRESIDENT/ CONTROLLER | 150158 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45633 | 0 | 195791 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 194220 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
Securities Prtnrshp Trust Intrsts SecuritiesPrtnrshpTrustIntrsts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1500000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV ON DATE OF GIFT | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: | PART I, COLUMN (B): | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. |
| THIRD PARTY USE: | PART I, LINE 32B: | SHARES OF PUBLICLY TRADED SECURITIES CONTRIBUTED BY DONORS ARE TRANSFERRED BY THE DONOR'S CUSTODIAN TO A CUSTODY ACCOUNT MAINTAINED BY THE UNIVERSITY OF MASSACHUSETTS FOUNDATION AT BNY MELLON. BNY MELLON HAS A STANDING ORDER TO SELL SUCH SECURITIES IN A TIMELY AND ORDERLY FASHION AND TO TRANSFER THE PROCEEDS FROM THE SALE TO THE UNIVERSITY OF MASSACHUSETTS FOUNDATION. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE PRIOR TO ITS FILING WITH THE IRS AND THEN FORWARDED BY HIM TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT ACKNOWLEDGES THAT THEY HAVE READ AND UNDERSTAND THE POLICY. ON THIS STATEMENT, THEY ARE REQUIRED TO LIST ANY POTENTIAL CONFLICT. RESPONSES ARE GATHERED BY FOUNDATION COUNSEL. FOUNDATION COUNSEL AND THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE REVIEW THE RESPONSES AND IDENTIFY ANY POTENTIAL CONFLICTS. THE DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO SUPPLEMENT THEIR RESPONSES IN THE EVENT THAT ANY ADDITIONAL POTENTIAL CONFLICTS ARISE DURING THE YEAR. WHEN A DIRECTOR OR OFFICER BECOMES AWARE OF A PROPOSED COVERED TRANSACTION UNDER THE POLICY, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: A) IMMEDIATELY DISCLOSE THE EXISTENCE OR CIRCUMSTANCES OF SUCH COVERED TRANSACTION TO THE FOUNDATION'S BOARD OF DIRECTORS IN WRITING; B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE COVERED TRANSACTION; AND C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION EXCEPT TO ANSWER QUESTIONS, INCLUDING BOARD DISCUSSIONS AND DECISIONS ON THE SUBJECT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. | |
| FORM 990, PART XI, LINE 9: | NET ASSETS TRANSFER TO UNIVERSITY OF MASSACHUSETTS -9,070,837. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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