2014-05-02T12:41:52-05:00 2013-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2012-07-01 042108376 WESTERN NEW ENGLAND UNIVERSITY % WILLIAM J KELLEHER WEST 4137821288 1215 WILBRAHAM ROAD Suite SPRINGFIELD MA 01119 William Kelleher 4137821288 2014-05-01 true 8605223200 2014-05-01 2012 2015-11-30 17:44:51Z ANTHONY CAPRIO 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 144032289 false X WWW.WNE.EDU X 1951 MA WESTERN NEW ENGLAND UNIVERSITY IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY AND LAW. 37 34 2721 661 0 0 3742587 4554648 121400237 129174780 955200 1628541 1420680 1340036 127518704 136698005 33797765 36909866 0 0 60997210 62840533 0 4437 1222998 36422489 37589901 131217464 137344737 -3698760 -646732 210382996 212085905 107863232 104877294 102519764 107208611 X WESTERN NEW ENGLAND UNIVERSITY IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, PHARMACY AND LAW. false false 81444176 32512693 85449485 THE UNIVERSITY OFFERS FULL AND PART-TIME PROGRAMS ANNUALLY THAT SERVE MORE THAN 2,900 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 40 STATES, U.S. VIRGIN ISLANDS, BERMUDA, AND 21 FOREIGN COUNTRIES. STUDENTS ARE OFFERED AN OPPORTUNITY TO STUDY IN MORE THAN 60 UNDERGRADUATE AND GRADUATE PROGRAMS, PLUS A SCHOOL OF LAW AND A COLLEGE OF PHARMACY. 22860867 4397173 21892239 THE UNIVERSITY OFFERS A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, AS WELL AS GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. THE UNIVERSITY ALSO OFFERS A PH.D PROGRAM IN BEHAVIORAL ANALYSIS AND PHARMACY. 17414724 21833056 THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 2,000 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. 121719767 true true false false false false false false false true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false true false true true false false false true false false false true 159 0 true 2721 true false true UC false false false true true false false false true false X 37 34 false false false false false false false true true false false true true true true true true true true false MA X X WILLIAM J KELLEHER 4137821288 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 NEVILLE S BOGLE 1.0 0.0 X 0 0 0 JOHN J BRENNAN 1.0 X THOMAS R BURTON 1.0 X DONALD G CAMPBELL 1.0 X DR ANTHONY S CAPRIO 40.0 X X 525153 36524 CARMEL A CARMAGNA 1.0 X ROBERT H CARNEVALE 1.0 X ROBERT W CLARKE 1.0 X X NORMA L COLACCINO 1.0 X ALEXANDER M CORL 1.0 X KEVIN S DELBRIDGE 1.0 X X ROBERT W DOBEK 1.0 X WILLIAM E DUPUIS 1.0 X ROCCO J FALCONE II 1.0 X FRANK P FITZGERALD 1.0 X MICHAEL FLYNN 1.0 X DENIS G GAGNON 1.0 X MARSHALL A HART 1.0 X ANDREW T HENSHON 1.0 X DIANA H HORAN 1.0 X STEVEN P KITROSSER 1.0 X DR BARBARA A LENK 1.0 X AMY B LEWIS 1.0 X EDWIN W LINDSAY 1.0 X KIM A MACLEOD 1.0 X PAUL L MANCINONE 1.0 X JOHN M MITCHELL 1.0 X DR CARMEN GUEVARA NEUBERGER 1.0 X JOHN M O'BRIEN III 1.0 X KENNETH M RICKSON 1.0 X X STEPHEN J ROURKE 1.0 X ROBERT E SALAD 1.0 X ANN M SEELEY 1.0 X MICHAEL A SERAFINO 1.0 X X PETER STEINGRABER 1.0 X BRIAN P TRELEASE 1.0 X LASHAWNA A WRIGHT 1.0 X JERRY HIRSCH 40.0 X 244290 32669 WILLIAM J KELLEHER 40.0 X 223702 33697 WILLIAM G BAKER 40.0 X 266365 35460 S HOSSEN CHERAGI 40.0 X 213378 32868 ARTHUR R GAUDIO 40.0 X 255253 35830 EVAN ROBINSON 40.0 X 191730 31081 FREDERICK D ROYAL 40.0 X 265372 35705 2185243 0 273834 98 false true false FONTAINE BROS INC 510 COTTAGE STREET SPRINGFIELD MA 01104 GENERAL CONTRACTOR 6150390 TESSIER ASSOCIATES INC 1500 MAIN STREET PO BOX 15169 SPRINGFIELD MA 011155169 ARCHITECTS 513587 MARKET MENTORS LLC 1680 C RIVERDALE STREET WEST SPRINGFIELD MA 01089 MEDIA ADVERTISING 492491 EBSCO PO BOX 830625 BIRMINGHAM AL 352830460 LIBRARY SUBSCRIPTION 364711 ALLIED WASTE SERVICES 956 PO BOX 9001099 LOUISVILLE KY 402901099 REFUSE DISPOSAL 220401 14 86815 1432160 3035673 65184 4554648 TUITION AND FEES 611710 107059087 107059087 AUXILIARY SALES AND SERVICES 611710 21833056 21833056 INTEREST ON STUDENT LOANS 611710 215842 215842 SPONSORED RESEARCH 611710 66795 66795 129174780 527069 527069 0 0 0 0 0 8386530 2000 7287058 0 1099472 2000 1101472 1101472 48767 86815 47226 1541 1541 0 0 EVENTS REGISTRATION 611710 42549 42549 STUDENT FUNDRAISER INCOME 611710 244355 244355 COMMISSIONS 611710 228586 228586 823005 823005 1338495 136698005 129174780 2968577 0 36909866 36909866 0 0 1397860 1314016 83844 113452 113452 45563718 39608552 5352012 603154 762198 698562 63636 14378870 13144535 1025568 208767 624435 572050 52385 0 303422 303422 252274 252274 0 4437 4437 221287 221287 6340745 6340745 1198355 619669 502498 76188 5219846 4684833 486074 48939 661972 623469 38503 0 3529378 3300444 228934 1232862 1104794 92632 35436 0 2488765 2217745 237583 33437 3810092 3316900 493192 0 8388919 7324571 1061139 3209 337794 66963 270831 MAINTENANCE AND REPAIRS 1147180 693909 453271 EQUIPMENT 352476 291518 60958 MEMBERSHIP & DUES 231938 129961 97608 4369 IMPROVEMENTS 344597 331672 12925 1527999 896169 626633 5197 137344737 121719767 14401972 1222998 0 0 18556953 20736941 316321 373033 1440991 1287973 0 0 0 0 5466704 5158192 67347 46759 3547326 3078143 214226003 89591647 127861916 124634356 35438223 41673514 12829834 13536958 0 0 0 0 4857381 1560036 210382996 212085905 11353308 10163577 2962162 2962162 3795974 3664317 88033974 86048733 0 0 0 0 0 0 0 0 1717815 2038505 107863232 104877294 X 81275453 83219520 2774396 4081722 18469915 19907369 102519764 107208611 210382996 212085905 X -646732 5316309 19270 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37020131 1364622 5304030 1828431 66088 169999 41624265 38576152 1054606 -631059 1758493 65063 156012 37020131 33266552 835715 6533363 1858787 58195 142496 38576152 30918830 626660 3950190 2047889 54829 126400 33266562 40956419 398930 -8046379 2197394 41229 151517 30918830 0.51000 0.43000 0.06000 false false 4525765 4525765 181805837 68042882 113762955 27894402 21548766 6345636 124634356 COLLECTIVE TRUST FUNDS 4751604 F HEDGE FUNDS 7797203 F INVESTMENTS HELD IN TRUST 784738 F OTHER NON-POOLED 203413 F 13536958 0 DEPOSITS AND DEFERRED REVENUE 441954 ASSETS HELD FOR OTHERS 1596551 2038505 X 141812297 5316309 19270 5335579 136476718 221287 221287 136698005 137123450 137123450 221287 221287 137344737 ENDOWMENT FUNDS PART V, LINE 4 THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO CLARIFY, IN WRITING, ANY AMBIGUITY ON GIFTS TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. 51% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. THE MAJORITY OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS (99%) ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD-APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2013 WAS 5.12%. OTHER AMOUNTS INCLUDED ON FINANCIAL STATEMENTS BUT NOT FORM 990 PART XI, LINE 2D CHANGE IN SPLIT INTEREST AGREEMENTS $(19,270) FIN 48 MEMO SCHEDULE D, PART X, LINE II IN NOVEMBER 1956, THE UNIVERSITY WAS GRANTED EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY PART I, LINE 3 WESTERN NEW ENGLAND UNIVERSITY'S NONDISCRIMINATION POLICY IS SPECIFICALLY STATED IN THEIR BY-LAWS AND IS INCLUDED IN ALL PRINTED MATERIALS. true Central America and the Caribbean Program Services UNDERGRAD EDUCATION 39852 East Asia and the Pacific Program Services UNDERGRAD EDUCATION 98262 Europe (Including Iceland and Greenland) Program Services UNDERGRAD EDUCATION 690475 Middle East and North Africa Program Services UNDERGRAD EDUCATION 93204 North America Program Services UNDERGRAD EDUCATION 30142 South America Program Services UNDERGRAD EDUCATION 13941 Sub-Saharan Africa Program Services UNDERGRAD EDUCATION 9117 Central America and the Caribbean Investments 7797203 8772196 8772196 false false false true false true FOREIGN EXPENDITURES AND INVESTMENTS PART I, LINE 3 EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2013, IN ACCORDANCE WITH US GAAP. ATHL-GOLF TOURN 71115 50020 21095 2392 17193 49 ALUM-GOLF TOURN 32025 16064 15961 2545 6862 5591 863 1 32442 20731 11711 1280 7481 2970 135582 86815 48767 6217 31536 5591 3882 47226 1541 true INTERNAL SCHOLARSHIPS 2741 36129331 COLLEGE WORK STUDY 1012 535826 SEOG FEDERAL FINANCIAL AID 109 244709 MONITOR THE USE OF GRANT FUNDS IN U.S. PART I, LINE 2 ALL GRANT FUNDS ARE MONITORED WITH AT LEAST TWO DIFFERENT DEPARTMENTS WHICH CREATES CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED TO EACH DRAW DOWN. X X true true X X X X false false false false false false false true false DR ANTHONY S CAPRIO 462665 37000 25488 22500 14024 561677 JERRY HIRSCH 238110 6180 19359 13310 276959 WILLIAM J KELLEHER 222412 1290 20464 13233 257399 WILLIAM G BAKER 264385 1980 22500 12960 301825 S HOSSEN CHERAGI 212688 690 19697 13171 246246 ARTHUR R GAUDIO 251443 3810 22500 13330 291083 EVAN ROBINSON 191280 450 17977 13104 222811 FREDERICK D ROYAL 263392 1980 22500 13205 301077 BENEFITS SCHEDULE J, PART I, LINES 1A AND 1B THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IS REIMBURSED FOR SNOW REMOVAL AND LAWN CARE. THE PRESIDENT SUBMITS RECEIPTS AND IS REIMBURSED FOR HIS SNOW REMOVAL AND LAWN CARE EXPENSES THROUGH PAYROLL AS A TAXABLE REIMBURSEMENT. THE INFORMATION IS REPORTED TO PAYROLL AND IS ADDED TO HIS COMPENSATION AND TAXED ACCORDINGLY. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES THE SNOW REMOVAL AND LAWN CARE EXPENSE REIMBURSEMENT. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. ALSO THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A MEMBERSHIP TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE INSTITUTION; THUS, THE UNIVERSITY PAYS FOR A MEMBERSHIP AND RELATED EXPENSES TO ONE SOCIAL CLUB. THE MEMBERSHIP AND RELATED EXPENSES ARE FOR USE OF UNIVERSITY BUSINESS ONLY AND ARE PAID THROUGH ACCOUNTS PAYABLE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES ALL EXPENSES RELATING TO THIS. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. NON-FIXED PAYMENTS SCHEDULE J, PART II, QUESTION VII ANTHONY S. CAPRIO RECEIVED A BONUS OF $37,000 UNDER THE VARIABLE CASH COMPENSATION PLAN FOR THE PRESIDENT. THE PLAN IS DESIGNED TO RECOGNIZE THE INEQUITY IMPOSED ON HIGHER COMPENSATED INDIVIDUALS AS A RESULT OF THE IRS LIMIT ON QUALIFIED PLANS. THE VARIABLE CASH COMPENSATION CALCULATION IS THE DIFFERENCE BETWEEN BASE COMPENSATION FOR THE PRIOR FISCAL YEAR AND THE CURRENT YEAR IRS COMPENSATION LIMIT IMPOSED UNDER CODE SECTION 401(A)(17). THE RATE APPLIED TO THE DIFFERENCE CALCULATED IS DETERMINED ANNUALLY BY THE UNIVERSITY COMPENSATION SUB-COMMITTEE. THE RATE IS BASED ON PERFORMANCE AND IS NOT TO EXCEED 20%. A MDFA - SERIES 2005 043431814 57583RDQ5 2005-10-19 39232453 REFUND ISSUES 7/8/98 AND 12/13/00 false false false B MDFA - SERIES 2008 043431814 2008-05-29 5000000 CONSTRUCTION - LAW SCHOOL ADDITION false false false C MDFA - SERIES 2009 043431814 2009-11-09 43000000 CONSTRUCTION - NEW ACADEMIC BUILDI D MDFA - SERIES 2011 043431814 2011-12-20 8380000 CONSTRUCTION - EXISTING ACADEMIC B false false false A 0 0 39232453 0 0 37793892 606635 831926 0 0 0 0 2002 true false true true B 0 0 5000000 0 0 0 74319 0 0 4925681 0 0 2008 false false true true C 0 0 43000000 0 0 0 230000 0 0 42770000 0 0 2011 false false true true D 0 0 8380000 0 0 0 145000 0 0 8235000 0 0 2012 false false true true A false false false false 0.00000 0.00000 0.00000 false false false false B false false false false 0.00000 0.00000 0.00000 false false false false C false false false false 0.00000 0.00000 0.00000 false false false false D false false false false 0.00000 0.00000 0.00000 false false false false A false true false false 0 false 0 false false B false true true false 0 false 0 false false C false true false false 0 false 0 false false D false true false false 0 false 0 false false A false B false C false D false NONQUALIFIED BONDS PART III, QUESTION 9 WESTERN NEW ENGLAD UNIVERSITY HAS NOT ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT ALL NONQUALIFIED BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS UNDER REGULATIONS SECTION 1.141-12 AND 1.45-2; HOWEVER, THE UNIVERSITY DOES MONITOR THE PROCEDURES WITHOUT THE WRITTEN POLICY. DATE OF REBATE COMPUTATION PART IV, QUESTION 2C THE REBATE COMPUTATION WAS PERFORMED ON 10/19/2012. THIS REBATE COMPUTATION WAS PERFORMED FOR THE MDFA - SERIES 2005 BOND ONLY. THE 2009 AND 2011 BONDS ARE WITHIN THE 5 YEAR TIME PERIOD WHERE NO REBATE WOULD BE DUE. AS SUCH, THE COMPUTATION HAS NOT BEEN PERFORMED. WNEU IS AWAITING THE COMPUTATION DATE FOR THE 2008 BOND. PROCEDURES TO UNDERTAKE CORRECTIVE ACTION PART V WESTERN NEW ENGLAND UNIVERSITY DID NOT ESTABLISH WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS; HOWEVER, THE UNIVERSITY DOES COMPLY WITH THE REQUIREMENTS EVEN THOUGH THE PROCEDURES WERE NOT WRITTEN. Y BOGLE SPOUSE OF TRUSTEE 78182 EMPLOYMENT false J MCMULLEN CHILD OF TRUSTEE 35270 EMPLOYMENT false X 34 11882 EST. RETAIL VALUE X 24 42197 AVERAGE MARKET VALUE X EST. RETAIL VALUE X EQUIPMENT 49 7685 EST. RETAIL VALUE X GIFT CARDS 50 2500 ACTUAL DOLLAR VALUE X EMPLOYEE EVENT 2 920 EST. RETAIL VALUE false true false ORGANIZATION'S MISSION STATEMENT FORM 990, PART III, LINE 1 WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, AND PHARMACY, AND SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, ENGINEERING, AND SOCIAL WORK, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE POSITIONED WELL TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW AND PHARMACY. OUR CORE VALUES: EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP, UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. STUDENT-CENTERED LEARNING, PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. A SENSE OF COMMUNITY, TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. CULTIVATION OF A PLURALISTIC SOCIETY, CELEBRATING THE DIVERSITY OF OUR COMMUNITY, LOCALLY AND GLOBALLY, AND CREATING A COMMUNITY THAT FOSTERS TOLERANCE, INTEGRITY, ACCOUNTABILITY, CITIZENSHIP, AND SOCIAL RESPONSIBILITY. INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION, CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE, PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. STEWARDSHIP OF OUR CAMPUS, CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. OUR VISION FOR APPROACHING OUR SECOND CENTURY: IN 2019 WESTERN NEW ENGLAND UNIVERSITY WILL CELEBRATE ITS CENTENNIAL AS AN INSTITUTION OF HIGHER EDUCATION. OUR FOCUS WILL CONTINUE TO BE ON THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF A DIVERSE AND GLOBAL SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. OUR NEXT DECADE WILL BE MARKED BY A CONTINUED DEDICATION TO EXCELLENCE, VISIONARY THINKING, FLEXIBILITY AND ENTREPRENEURIAL SPIRIT. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF REGIONAL LEADERSHIP AND NATIONAL RECOGNITION. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11A THE TRUSTEE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH THE UNIVERSITY'S SECURE ONLINE WEBSITE. THE ENTIRE RETURN IS AVAILABLE THROUGH THE SECURE ONLINE WEBSITE AND THE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS THE RETURN IN AN OPEN FORUM THAT IS VIEWED BY ALL. ONCE THE COMMITTEE REVIEWS THE RETURN TO ENSURE COMPLIANCE WITH FILING REQUIREMENTS, THE FULL BOARD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE UNIVERSITY ASKS BOTH TRUSTEES AS WELL AS ADMINISTRATIVE EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE TRUSTEES' STATEMENTS ARE REVIEWED BY IN-HOUSE COUNSEL. IF ANY ISSUES AND/OR CONCERNS ARE FOUND, THE IN-HOUSE COUNSEL BRINGS THE MATTER FORWARD, AS APPROPRIATE, TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. EACH YEAR ALL ADMINISTRATIVE STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE FORWARDED TO THE HUMAN RESOURCE DEPARTMENT FOR REVIEW. ANY POTENTIAL CONFLICTS ARE BROUGHT FORWARD AS APPROPRIATE. COMPENSATION FORM 990, PART VI, LINES 15A & 15B 15A. THE COMPENSATION REVIEW FOR THE PRESIDENT WAS DONE THOUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MET DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE OF THE PREVIOUS YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE ENGAGED A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY WAS ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO PEER INSTITUTIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDED TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE AND IT WAS APPROVED. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALULATION. THE MINUTES OF THE COMPENSATION SUB-COMMITTEE AND EXECUTIVE COMMITTE ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THESE MINUTES, WITH MOTIONS FOR COMPENSAION PACKAGES, ARE MAILED TO ALL TRUSTEES. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION, THE COMMITTEE RELIED ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B. THE COMPENSATION FOR OFFICER AND KEY EMPLOYEES WAS MOST HEAVILY MEASURED AGAINST PERFORMANCE OF THE INDIVIDUALS AND THE PUBLISHED SALARY DOCUMENTATION FOR THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE DATA OF INSTITUTIONS WITHIN THE SAME CATEGORY AS THE UNIVERSITY. THE PRESIDENT DETERMINES THE INCREASE BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. HE REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. PUBLIC DISCLOSURE FORM 990, PART VI, LINE 19 THE IRS FORM 990 IS AVAILABLE UPON REQUEST FORM THE UNIVERSITY. IT IS POSTED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS, ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THIS OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. RECONCILIATION OF NET ASSETS FORM 990 PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCE CHANGE IN VALUE OF SPLIT INVESTMENTS 19,270 ----------- TOTAL OTHER CHANGES IN NET ASSETS 19,270 CHARITABLE REMAINDER TRUSTS (2) 1215 WILBRAHAM ROAD SPRINGFIELD MA 011192684 CHARITABLE TRUST MA NA TRUST false false false false false false false false false false false false false false false false false false