2014-05-09T13:55:58-05:00 2013-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2012-07-01 042225850 COLLEGE OF OUR LADY OF THE ELMS COLL 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 BRIAN DOHERTY 4135942761 2014-04-28 1 RUDY M D'AGOSTINO P00962620 4135368510 2014-04-28 2012 2015-11-30 17:44:51Z BRIAN DOHERTY 291 SPRINGFIELD STREET CHICOPEE MA 01013 39013054 0 X WWW.ELMS.EDU X 1928 MA TO EDUCATE A DIVERSE GROUP OF WOMEN AND MEN IN A SUPPORTIVE, VIBRANT LEARNING COMMUNITY. 26 24 744 144 59557 -116011 4155655 4509744 31428779 33931719 173966 149109 529652 422482 36288052 39013054 13825150 14821488 0 0 12339668 13061025 69826 32527 817556 7976816 8822096 34211460 36737136 2076592 2275918 28213914 41626185 10691626 20911437 17522288 20714748 X THE COLLEGE OF OUR LADY OF THE ELMS, A CATHOLIC COLLEGE, EDUCATES A DIVERSE GROUP OF WOMEN AND MEN IN A SUPPORTIVE, VIBRANT LEARNING COMMUNITY. COMBINING A LIBERAL ARTS EDUCATION WITH PROFESSIONAL STUDIES, ELMS COLLEGE EMPOWERS STUDENTS TO EFFECT POSITIVE CHANGES IN THE COMMUNITY AND IN THE WORLD. AFFIRMING THE FOUNDING TRADITION OF THE SISTERS OF ST. JOSEPH, ELMS COLLEGE CHALLENGES STUDENTS TO EMBRACE CHANGE WITHOUT COMPROMISING PRINCIPLE, TO RESPOND CREATIVELY TO THE DEMANDS OF THEIR CHOSEN CAREERS, AND TO ADVOCATE FOR PEOPLE IN NEED. ELMS COLLEGE IS A COMMUNITY ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, AND RESPONSIVE TO CIVIC AND SOCIAL OBLIGATIONS. 0 0 27171216 14821488 30056800 THE COLLEGE IS DEVOTED TO EDUCATING MEN & WOMEN & HAS ADAPTED TO CHANGING TIMES BY DEVELOPING INNOVATIVE PROGRAMS DESIGNED TO PREPARE THEM FOR LEADERSHIP IN A WIDE VARIETY OF FIELDS. EDUCATIONAL PROGRAMS ARE OFFERED IN SEVEN DIFFERENT SESSIONS. DURING THE 2012/2013 SCHOOL YEAR, WE SERVED 1,929 FULL AND PART TIME STUDENTS. 1347036 4004742 AUXILIARY SERVICES INCLUDE CAFETERIA, HEALTH CENTER, AND OTHER FACILITIES PROVIDED FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, ADJUNCT, AND STAFF. 2,121 PEOPLE COULD BE SERVICED. 28518252 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 58 0 1 744 1 1 1 0 0 0 0 0 0 0 0 1 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BRIAN DOHERTY 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 X ANN M CALLAHAN 2.00 X X 0 0 0 LINDA KC MANSFIELD 2.00 X X 0 0 0 RICHARD BOURGEOIS 2.00 X 0 0 0 KATHI DONAHUE 2.00 X 0 0 0 WILLIAM FRAIN 2.00 X 0 0 0 GINA M GOLASH 2.00 X 0 0 0 CATHERINE HOMROK SSJ 2.00 X 0 0 0 CAROLYN JACOBS 2.00 X 0 0 0 ATTY RICHARD J KOS 2.00 X 0 0 0 CYNTHIA LYONS 2.00 X 0 0 0 WAYNE MCCARY 2.00 X 0 0 0 MARLENE M MUCHA SSJ 2.00 X 0 0 0 DAVID O'BRIEN 2.00 X 0 0 0 KATHLEEN RIORDAN 2.00 X 0 0 0 JOAN SCHNEIDER SSJ 2.00 X 0 0 0 PAUL M STELZER 2.00 X 0 0 0 ELLEN W FREYMAN ESQ 2.00 X 0 0 0 ANTHONY CIGNOLI 2.00 X 0 0 0 FRANCIS KIRLEY 2.00 X 0 0 0 VIRGINIA MAITLAND SSJ 2.00 X 0 0 0 MAXYNE SCHNEIDER SSJ 2.00 X 0 0 0 KATHY TOBIN 2.00 X 0 0 0 JOHN D FLYNN 2.00 X 0 0 0 NORMAN HANNOUSH 2.00 X 0 0 0 JOAN KAGAN 2.00 X 0 0 0 NANCY MACPHERSON 2.00 X 0 0 0 MARY REAP IHM-SEE SCHEDULE O 35.00 X 34831 0 1632 BRIAN DOHERTY 35.00 X 161013 0 9870 WALTER BREAU 35.00 X 136555 0 17104 KEVIN EDWARDS 35.00 X 132516 0 15659 KATHLEEN SCOBLE 35.00 X 102139 0 7394 567054 0 51659 4 0 1 0 ARAMARK CORPORATION ARAMARK HIGHER EDUCATION CHICAGO IL 60673 FOOD SERVICES & FACILITIES MAINTENANCE 1811636 MARION EXCAVATING CO INC PO BOX 13 SOUTH HADLEY MA 01075 EXCAVATING COMPANY 335328 SISTERS SERVANT OF THE IMMACULATE HEART 2300 ADAMS AVE SCRANTON PA 18509 PURCHASED SERVICES 232632 FHEGFOLLETT BOOKSTORE 3146 SOLUTIONS CENTER STORE 0977 CHICAGO IL 60677 BOOKSTORE SERVICES 171723 JUSTER POPE FRAZIER LLP PO BOX 415425 BOSTON MA 02241 ARCHITECTS 103625 18 2853297 1656447 334157 4509744 TUITION AND FEES 611310 29926977 29926977 ROOM, BOARD, BOOKS 611310 4004742 4004742 33931719 149109 149109 76135 0 76135 76135 4186 71949 OTHER INCOME 611310 99471 13188 1410 84873 WORK STUDY 611310 84099 84099 FITNESS CENTER:NONSTUD 713940 53961 53961 108816 32536 76280 346347 39013054 34061542 59557 382211 14753238 14753238 68250 68250 211623 10939 189745 10939 10889882 8181736 2249584 458562 373387 266435 86173 20779 852331 575734 227107 49490 733802 535434 164971 33397 46774 46774 61750 61750 32527 32527 47026 47026 252337 22718 229619 268569 122435 145239 895 2501133 1925912 551501 23720 765180 132604 632576 252076 179695 53577 18804 131574 104340 5067 22167 257756 159809 87637 10310 1483927 920035 504535 59357 168335 168335 EQUIPMENT RENTAL & MAIN 1669983 125055 1515331 29597 WORK STUDY EXPENSE 232022 139214 86786 6022 MEMBERSHIP 143165 64620 75615 2930 PRINTING & PUBLICATIONS 140610 79832 44576 16202 399879 150217 227804 21858 36737136 28518252 7401328 817556 989834 3203635 761346 1746101 1429561 1472464 436098 210199 962463 9707320 286003 510031 35744099 21944207 14529739 13799892 6164369 6741132 2392457 2269710 262044 1965701 28213914 41626185 1756662 2637077 1970745 2266388 4885478 14000000 308981 305451 937552 892884 832208 809637 10691626 20911437 X 6564552 8632705 3400975 4396869 7556761 7685174 17522288 20714748 28213914 41626185 X 2275918 866013 50529 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48000 X X 0 0 1 X 8384365 83717 1027946 137558 48972 9309498 8596639 94696 -143648 110555 52767 8384365 7061718 182541 1386673 34293 8596639 5865540 565711 672326 41859 7061718 6995525 270332 -1379596 20721 5865540 0.06510 0.82540 0.10950 1 0 144370 144370 20741456 10670713 10070743 9923695 7969814 1953881 4934578 3303680 1630898 13799892 FIXED INCOME INVESTMENTS 247082 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 516673 F LIMITED PARTNERSHIPS 1505955 F 2269710 GRANTS REFUNDABLE 663451 ANNUITY OBLIGATIONS 123786 CAPITAL LEASES 22400 809637 X 25083108 866013 50529 916542 24166566 14846488 14846488 39013054 21899999 0 21899999 14837138 14837138 36737137 PART III, LINE 4: DESCRIPTION OF COLLECTION: 33" X 20" WATERCOLOR BY ENRICO TARENGHI WITH VALUE OF $14,000 AND 40 ETCHINGS BY SEARS GALLAGHER WITH TOTAL VALUE OF $34,000. THE ARTWORK PROVIDES AN EXAMPLE OF HOLISTIC ENRICHMENT FOR THE STUDENTS AND PROMOTES THE CONCEPTS SET FORTH IN A LIBERAL ARTS COLLEGE. PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT FUNDS PLACED ON DEPOSIT BY EACH CLASS AND OTHER GROUPS WITH THE COLLEGE AS CUSTODIAN. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE HELD FOR STUDENT SCHOLARSHIPS, CONVOCATION AWARDS, AND TO SUPPORT LIBRARY AND EDUCATION DEPARTMENT OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 50,529. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND AWARDS 14,821,488. AFFILIATES' REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 25,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 14,821,488. AFFILIATES' EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 15,650. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL'S STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ALL APPROPRIATE SCHOOL PUBLICATIONS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 6A: THE COLLEGE RECEIVES GOVERNMENT FINANCIAL ASSISTANCE TO PASS ON TO THE STUDENTS AS SCHOLARSHIPS. 1 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIPS EDUCATIONAL ASSISSTANCE 5000 SOUTH ASIA 0 0 SCHOLARSHIPS EDUCATIONAL ASSISSTANCE 16500 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS EDUCATIONAL ASSISSTANCE 38750 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS EDUCATIONAL ASSISSTANCE 8000 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PROGRAM SERVICES ASSISTED IN SCHOOLS AND HOSPITALS 3725 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENT 1505955 0 0 0 0 0 0 1577930 0 1577930 SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 1 5000 CREDIT TO TUITION BALANCE 0 SCHOLARSHIP SUB-SAHARAN AFRICA 1 8000 CREDIT TO TUITION BALANCE 0 SCHOLARSHIP EAST ASIA AND THE PACIFIC 2 38750 CREDIT TO TUITION BALANCE 0 SCHOLARSHIP SOUTH ASIA 2 16500 CREDIT TO TUITION BALANCE 0 0 0 1 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: DIRECT PAYMENT OF TUITION X X X X X X X 1 STALEYROBESON 12 ROOSEVELT AVE MYSTIC CT 06355 PROFESSIONAL FUNDRAISING SERVICES 0 0 32527 -32527 32527 -32527 MA FL 1 SCHOLARSHIPS AND GRANTS 888 11749216 GOVERNMENT APPROPRIATIONS 554 2815272 SCHOLARSHIPS TO PUERTO RICO STUDENTS 9 162875 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID DISBURSEMENTS ARE MADE TO STUDENTS QUALIFYING FOR FINANCIAL GRANTS AND ARE BASED ON DEMONSTRATED FINANCIAL NEED AS REPORTED THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSSFA) APPLICATIONS. THEY ARE MONITORED IN ACCORDANCE WITH FEDERAL REGULATIONS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BRIAN DOHERTY 161013 0 0 0 0 0 0 0 9870 0 170883 0 0 0 WALTER BREAU 136555 0 0 0 0 0 0 0 17104 0 153659 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS INCLUDED IN OFFICER'S W-2. PART I, LINE 3 DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS CUPA, AS WELL AS THE DIVISION OF LABOR STATISTICS FOR SALARIES IN THE 25%-50% PERCENTILE FOR COLLEGES SIMILAR TO THE ELMS. THIS INFORMATION IS COMPARED TO MANAGEMENT'S COMPENSATION BASED ON JOB TITLE, JOB DESCRIPTION, AND JOB EXPERIENCE TO DETERMINE WHETHER THE COLLEGE'S COMPENSATION IS COMPARABLE. THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND THEN SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. PART I, LINE 4B BRIAN DOHERTY, NO AMOUNT WAS ACCRUED ON HIS BEHALF THIS YEAR. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2012-08-08 14000000 BUILDING RENOVATIONS, PAY OFF PREVIOUS 2010 SERIES BOND AND OTHER DEBT. 0 0 0 A A 4864258 14000000 227025 5740650 3168067 2013 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 CHICOPEE SAVINGS BANK A BOARD MEMBER IS AN OFFICER OF THE BANK. 140192 CHICOPEE SAVINGS BANK HAS SEVERAL BANK NOTES OUSTANDING WITH COLLEGE OF OUR LADY OF THE ELMS. AMOUNT OF TRANSACTION LISTED INCLUDES INTEREST AND FEES PAID TO THE BANK. 0 APPLETON CORPORATION A BOARD MEMBER IS AN OFFICER OF THE CORPORATION. 184591 AMOUNT OF TRANSACTION IS FOR RENOVATIONS IN PROGRESS TO BERCHMANS HALL BY WESTERN BUILDERS, INC., AN ENTITY RELATED TO APPLETON CORPORATION. 0 X 1 11331 KELLY BLUE BOOK VALUE X 8 322826 MARKET QUOTATIONS 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JOAN SCHNEIDER, SSJ AND MAXYNE SCHNEIDER,SSJ SHARE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE'S CPA FIRM PREPARES THE 990 WHICH IS SUBSEQUENTLY REVIEWED BY THE COLLEGE'S VP OF FINANCE. THE 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND THEY VOTE TO ACCEPT THE 990 FOR FILING. THE 990 IS THEN PLACED ON A SECURE WEBSITE FOR BOARD MEMBERS TO REVIEW PRIOR TO THE 990 BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C COPIES OF THE CONFLICT OF INTEREST POLICY ARE DISTRIBUTED TO ALL BOARD MEMBERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES. THEY ARE REQUIRED TO MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF THEIR INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON ANY CONFLICTED TRANSACTION. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING ON ANY RELATED ISSUES. FORM 990, PART VI, SECTION B, LINE 15 ELMS COLLEGE'S PROCESS FOR DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS CUPA, AS WELL AS THE DIVISION OF LABOR STATISTICS FOR SALARIES IN THE 25%-50% PERCENTILE FOR COLLEGES SIMILAR TO THE ELMS. THIS INFORMATION IS COMPARED TO MANAGEMENT'S COMPENSATION BASED ON JOB TITLE, JOB DESCRIPTION, AND JOB EXPERIENCE TO DETERMINE WHETHER THE COLLEGE'S COMPENSATION IS COMPARABLE. THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND THEN SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE BUSINESS OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE BUSINESS OFFICE. PART VII, LINE 1A: SISTER MARY REAP,THE COLLEGE PRESIDENT, RECEIVES A W-2 FOR HOUSING ALLOWANCE AND OTHER PERSONAL BENEFITS. SHE IS NOT DIRECTLY COMPENSATED BY THE COLLEGE IN KEEPING WITH HER VOW OF POVERTY. THE COLLEGE PAYS HER WAGE COMPENSATION TO HER ORDER, THE CONGREGATION OF THE SISTERS, SERVANTS OF IMMACULATE HEART OF MARY (IHM). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NET CHANGE ON INVESTMENTS HELD IN TRUST BY OTHERS 50,529. PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THE FRIENDS OF ELMS COLLEGE INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 208196902 SUPPORT EDUCATIONAL MISSION OF ELMS COLLEGE MA 501(C)(3) SUPPORTING ORG 1 ELMS COLLEGE FOUNDATION INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 462395041 SUPPORT EDUCATIONAL MISSION OF ELMS COLLEGE MA 501(C)(3) SUPPORTING ORG 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 THE FRIENDS OF ELMS COLLEGE INC K 39500 FAIR MARKET VALUE THE FRIENDS OF ELMS COLLEGE INC D 1176122 FUNDS TRANSFERRED ELMS COLLEGE FOUNDATIONINC D 250000 FUNDS TRANSFERRED