2013-05-07T14:56:29-07:00 2012-06-30 990 2011-07-01 042105769 EMMANUEL COLLEGE EMMA 6177359822 400 The Fenway Boston MA 02115 Sister Anne M Donovan SND 6177359822 2013-05-01 2011 2016-02-25 16:41:14Z Sr Anne M Donovan SND 400 The Fenway Boston MA 02115 118285798 0 0928 X www.emmanuel.edu X 1919 MA Emmanuel College is a coed, residential Catholic liberal arts and sciences college with over 2,500 undergraduate and graduate students from 35 countries and 33 states. The College is located on 17 acres in the midst of the excitement, resources and culture of Boston. 23 22 1582 155 0 0 5109246 4096570 72586037 77478339 3538987 2934850 3278259 3987412 84512529 88497171 23043558 23923452 0 0 26444353 29942286 98800 73932 2318179 30123009 31333817 79709720 85273487 4802809 3223684 241839694 244046976 132483007 133666520 109356687 110380456 Higher Education: Emmanuel College educates students in a dynamic co-educational learning environment shaped by a liberal arts and sciences curriculum that emphasizes career development. As a Catholic college, Emmanuel prepares students with the skills to succeed in tomorrows world and the social conscience to make a difference in that world. Since 1919 the College has grown from a womens commuter college to a residential college enrolling over 2400 men and women from across the US and from other countries. During FY2012 the College awarded 461 undergraduate and 101 graduate degrees. (562 Degrees Awarded) 0 0 40000471 23923452 60693516 Instructional expenses for over 2,500 students including scholarships, full-time and part-time faculty salaries and benefits, lab supplies, educational reference material, speakers and student employment. 17485879 0 342817 Academic support and student services for over 2,500 students including expenses for academic advising, academic resource center, disability services, internships and career services, student activities, student clubs, counseling, health services, campus ministry, athletics and operation of the College's library containing over 130,000 titles in the electronic, circulating and reference collections; more than 2,000 active journal subscriptions in print and 60 online database resources. 12200251 0 16442006 Housing and meal services for over 1,200 students living in four on-campus and two off-campus residence halls including operating costs for a cafeteria and cafe, and leased dormitory space. 0 0 0 69686601 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 68 0 1 1582 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Sister Anne M Donovan SND 6177359822 400 The Fenway Boston MA 021155725 X Sister Janet Eisner SND 40 X X 0 0 9076 Sister Anne M Donovan SND 40 X X 0 0 8684 Thomas J Hynes Jr 1 X X 0 0 0 Mark A Quinn 1 X X 0 0 0 John F Burke 1 X 0 0 0 MaryEva Candon 1 X 0 0 0 Mary Lou CraneRyan 1 X 0 0 0 James L Elcock 1 X 0 0 0 Dr Elaine ElKhawas 1 X 0 0 0 Sister Mary Farren SND 1 X 0 0 0 Sister Kathleen Gallivan SND 1 X 0 0 0 Dr Sheilah Shaw Horton 1 X 0 0 0 Dr Nancy Kleniewski 1 X 0 0 0 John H MacKinnon 1 X 0 0 0 Leslie A McCafferty 1 X 0 0 0 C Allen Merritt Jr 1 X 0 0 0 Edmund F Murphy III 1 X 0 0 0 Monica Murphy 1 X 0 0 0 Peter J Muse Esq 1 X 0 0 0 Donna Rapaccioli 1 X 0 0 0 Eleanor Mulvaney Seamans 1 X 0 0 0 Richard Syron 1 X 0 0 0 Kathleen E Walsh 1 X 0 0 0 Neil G Buckley 40 X 339245 0 22794 Joyce De Leo Splaine 40 X 145086 0 11250 Frank Scully 40 X 174031 0 26150 Sandra Robbins 40 X 173385 0 30033 Michelle Erickson 40 X 144629 0 19001 Paula Connolly 40 X 143977 0 19289 Patricia Rissmeyer 40 X 140662 0 18530 1261015 0 164807 26 0 1 0 Harvard Maintenance LLC 570 Seventh Avenue New York NY 10018 Facilities Maint/Security 1493060 Sisters of Notre Dame 351 Broadway Everett MA 02149 Admin & Instruct Svc 833895 Beth Israel Deaconess Medical Center 330 Brookline Avenue Boston MA 02215 Health Care Services 293321 Zone Mechanical Inc 160 Bear Hill Road Waltham MA 02451 HVAC Services 291668 FL Putnam Investment Management Company 20 William Street Wellesley MA 02481 Investment Management 217623 8 0 0 0 0 924026 3172544 95178 4096570 Tuition & Fees 611310 60516239 60516239 0 0 Room & Board 611310 15954559 15954559 0 0 Student Activity Fees 611310 342817 342817 0 0 Summer Programs 611310 487447 487447 0 0 Other Fees 611310 177277 177277 0 0 0 0 0 0 77478339 1722138 0 0 1722138 0 0 0 0 0 0 0 0 3505556 0 66281 0 3439275 0 3439275 0 0 3439275 30935058 0 29722346 0 1212712 0 1212712 0 0 1212712 0 Staff & Student Parking 611310 326519 0 0 326519 Fees for Alumni Events 611310 62305 0 0 62305 Vending Commissions 611310 54999 0 0 54999 104314 0 0 104314 548137 88497171 77478339 0 6922262 0 0 23923452 23923452 0 0 0 0 722753 343750 379003 0 146625 0 0 146625 23384884 17361376 4883001 1140507 1355088 1000874 279362 74852 2796928 2076096 566104 154728 1536008 1123747 330248 82013 1712693 1321242 391451 0 441731 0 441731 0 128400 0 128400 0 45847 0 45847 0 73932 73932 272152 0 272152 0 0 0 0 0 471990 395689 76301 0 2258579 1542358 476590 239631 595464 431423 137594 26447 0 0 0 0 3420263 3420263 0 0 496671 402628 26967 67076 0 0 0 0 127055 85394 32184 9477 3811412 0 3811412 0 0 0 0 0 6628491 6628491 0 0 377123 362629 14494 0 Catering & Food Costs 5117633 5115124 2509 0 Maintenance & Repairs 2162882 1999291 121475 42116 Programs 1096107 568541 296594 230972 Library Books 480227 480227 0 0 1689097 1104006 555288 29803 85273487 69686601 13268707 2318179 2092460 4797595 1625970 883875 1233978 1216455 0 0 0 0 0 0 0 0 2059051 2445989 229549466 61752706 168086456 167796760 64500600 64684513 2241179 2221789 241839694 244046976 5915695 9299237 0 0 45220840 44639605 78969376 77396516 0 0 0 0 240000 160000 0 0 2137096 2171162 132483007 133666520 X 87011892 89215168 11052968 10204345 11291827 10960943 109356687 110380456 241839694 244046976 X 3223684 -2199915 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 45847 0 0 45847 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College incurred lobbying expenditures from payments made to a consultant who assists in the development and presentation of institutional initiatives for consideration by Congress, federal regulatory agencies, and others; monitors proposed and enacted legislation and acts as a liaison between the College and various government officials. 64500600 456466 593728 671092 0 195189 64684513 56834743 2011537 9627148 778801 3000000 194027 64500600 62760291 1403325 5757839 673539 12177213 235960 56834743 84427083 1214433 -14739746 902902 6979223 259354 62760291 0.72 0.17 0.11 0 0 0 12136633 12136633 0 185779743 38641248 147138495 0 0 0 0 0 25411163 20754317 4656846 0 6221927 2357141 3864786 167796760 Annuities Payable 77806 Advances from Department of Education 2093356 2171162 88497171 85273487 3223684 -2241958 0 0 0 42043 -2199915 1023769 86285611 -2241958 0 0 108324 -2133634 88419245 77926 0 77926 88497171 85261842 0 0 0 66281 66281 85195561 77926 0 77926 85273487 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment consists of 84 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Spending from endowments is donor restricted to various purposes such as providing scholarships and financial assistance to students and to fund professorships. The spending policy utilizes an annual distribution percentage approved by the Board of Trustees and is designed to provide a stable level of financial support and to preserve the endowment's real value. In establishing these policies, the College considers the intent of the donor-restricted fund, the expected return on its endowment and its programming needs. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College generally does not provide for income taxes since it is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. ASC 740, Income Taxes, permits an entity to recognize the benefit and requires accrual of an uncertain tax position only when the position is "more likely than not" to be sustained in the event of examination by tax authorities. In evaluating whether a tax position has met the recognition threshold, the College must presume that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information. ASC 740 also provides guidance on the recognition, measurement and classification of income tax uncertainties, along with any related interest or penalties. Tax positions deemed to meet the "more likely than not" threshold are recorded as a tax expense in the current year. The College has analyzed all open tax years, defined by the statutes of limitations, for all major jurisdictions. Open tax years are those that are open for exam by taxing authorities. Major jurisdictions for the College include Federal and the state of Massachusetts. As of June 30, 2012 open Federal and Massachusetts tax years for the College include tax years ended June 30, 2009 through June 30, 2011. The College has no examination in progress. The College believes it has no significant uncertain tax positions. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Present value discount for pledges receivable SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Lease Expenses $66,281; Present value adjustment for pledge receivables $42,043 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Lease Expenses $66,281 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The College's racially nondiscriminatory policy is published on the College's website and is included in all student enrollment materials. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives financial aid from the U.S. Department of Education - Title IV Student Financial Assistance Programs. North America (including Canada and Mexico, but not the United States) Investments 1004807 Europe (including Iceland and Greenland) Investments 1522038 Sub-Saharan Africa Investments 16514 0 0 2543359 1 0 1 1 0 0 X X X X X X 1 Boathouse Group Inc 260 Charles Street Waltham MA 02453 Design and production of written campaigns 0 0 5000 -5000 Curtis 1000 Box 88237 Milwaukee WI 53288 Design and production of written campaigns 0 0 68932 -68932 0 73932 -73932 MA 1 Institutional Scholarship and Aid 1756 23291814 0 SEOG Grant 250 234138 0 Gilbert Grant 240 397500 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Financial aid is awarded to students in the form of merit-based scholarships, need-based grants, work-study and student loans. Eligibility for financial aid varies based on the criteria of each award. Merit scholarships are awarded based on academic achievement such as high school grade point average, SAT or ACT score and class rank, and/or extra-curricular activities and recommendations. Need-based grants are offered to students who complete a Free Application for Federal Student Aid (FAFSA) and an Emmanuel College Application for Financial Aid and who, based on this information, meet the eligibility requirements for the grant or need-based scholarship. All first-year students who qualify for need-based financial assistance and all other students who are selected for verification by the Central Processing System (CPS) must also submit verification of the information provided on the FAFSA. Need-based grants and scholarships include the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant (SEOG), the Federal Academic Competitiveness Grant, the Federal SMART Grant, state grants and scholarships, and Emmanuel College grant aid. In addition to need-based grants and scholarships, students who apply for financial aid and demonstrate financial need may also receive Federal Work Study and need-based federal and state student loans. The loan programs offered by Emmanuel College are the Federal Stafford Loan, the Federal Perkins Loan and the Massachusetts No-Interest Loan. Prior to disbursing any financial assistance, student eligibility for each grant, scholarship, work-program or student loan is verified. To receive need-based financial aid students must apply for financial aid each academic year. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Neil G Buckley 299245 0 0 0 40000 0 22050 0 744 0 362039 0 0 Joyce De Leo Splaine 125086 0 0 0 20000 0 11250 0 0 0 156336 0 0 0 Frank Scully 157931 0 0 0 16100 0 14605 0 11545 0 200181 0 0 0 Sandra Robbins 173385 0 0 0 0 0 16200 0 13833 0 203418 0 0 0 Michelle Erickson 144629 0 0 0 0 0 13273 0 5728 0 163630 0 0 0 Paula Connolly 143977 0 0 0 0 0 13250 0 6039 0 163266 0 0 0 Patricia Rissmeyer 140662 0 0 0 0 0 12810 0 5720 0 159192 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College provides off campus housing to certain Sisters of Notre Dame. This is a nontaxable benefit as it is provided as a condition of employment for the convenience of the College and is in close proximity to the campus. The College also provided off campus housing to the current and former Vice President for Academic Affairs as part of their compensation agreement. The fair market value of this benefit has been included as taxable income on his and her Form W2. The College provided a dependent tuition benefit to the Executive Vice President. This amount is included as taxable income on his Form W2. Massachusetts Health and Educational Facilities Authority 042456011 57586CH32 2007-08-21 84880130 Build Academic Science Center, repay debt 0 0 0 6755000 0 84880130 0 0 0 796812 1322000 0 43484754 39276564 0 2009 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X SchK_P04_S00_L01 Schedule K, Part IV, Line 1 An arbitrage rebate compliance analysis was completed. The College did not have an arbitrage rebate liability; therefore Form 8038-T was not required to be filed. Joan Caldwell Family member of trustee 132579 Employment Compensation 0 SchL_P04_S00_L00 Schedule L, Part IV Joan Caldwell, a family member of the College's Treasurer, provides consulting services to the College. All transactions are at arm's length and payment for services is at fair market value. X 12 95178 Fair Market Value 0 0 1 0 SchM_P01_S00_L09 Schedule M, Part I, Line 9 The College received twelve stock contributions in 2011 totaling $95,178 at the fair market value. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is completed by the Finance Office of the College. It is reviewed and approved by senior management, KPMG, independent tax consultant, and the Finance Committee of the Board of Trustees. A copy of the Form 990 is provided to the full Board of Trustees prior to being filed with the Internal Revenue Service. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College's Conflict of Interest policy is annually distributed to officers, trustees and key employees who must read the policy, sign acknowledgement of receipt and disclose any conflicts of interest. Employees return this acknowledgement to the Office of Human Resources; Trustees return this acknowledgement to the President's Office for review. Any conflicts of interest are reported to the Executive Vice President to determine if disclosure is required on the Form 990 and Schedule L. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President, Executive Vice President/COO, and Vice President of Academic Affairs have a written employment contract. The President of the College, in consultation with the Chair of the Board of Trustees, reviews and discusses compensation of senior management. Executive compensation at Emmanuel College is established by identifying independent market comparability information based on student enrollment, operating budget, Carnegie Classification, and geographic regions. Data is collected on salary, variable pay, total compensation, supplemental retirement plans, and various benefits. Sources of information include independent surveys conducted by third party consultants, internal and external benchmarking, white papers, articles, and webinars. For the recruitment of prospective executive positions, the College works with several independent professional executive search firms. The College and the selected firm work together to obtain comparative market data and available salary survey to determine appropriate compensation. All documentation regarding compensation is maintained in the employee's personnel file. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College makes its governing documents, conflicts of interest policy, and financial statements available to the public upon written request. The College's financial statements are also available on www.guidestar.org, www.nacubo.org and the Massachusetts Attorney General's website. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Compensation for the President and Treasurer is paid to the Sisters of Notre Dame. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized losses on investments $2,241,958; Present value adjustment for pledges receivable $42,043