2013-05-06T08:15:27-05:00 2012-06-30 GRANT THORNTON LLP 226 CAUSEWAY STREET 6TH FLOOR BOSTON MA 021142155 990 2011-07-01 042104700 MASSACHUSETTS COLLEGE OF PHARMACY AND ALLIED HEALTH SCIENCES % KEITH A BELLUCCI MASS 6177322800 179 Longwood Avenue Boston MA 02115 CHARLES F MONAHAN JR 2013-05-06 true Laura Kenney 6177237900 2013-05-06 2011 2016-03-07 17:11:31Z MCPHS CHARLES F MONAHAN JR MCPHS 179 LONGWOOD AVE BOSTON MA 02115 236455230 false X WWW.MCPHS.EDU X 1852 MA MCPHS IS A PRIVATE, ACCREDITED EDUCATIONAL INSTITUTION SPECIALIZING IN PREPARING STUDENTS FOR MEDICAL CAREERS BY PROVIDING INTENSIVE PROGRAMS OF STUDY IN PHARMACY AND OTHER HEALTH SCIENCES. 17 17 1772 101 0 3240084 2448096 155212241 182675991 3569544 4291598 263805 266173 162285674 189681858 17497313 18631239 0 0 56866802 63790101 0 0 1621879 37459709 43533705 111823824 125955045 50461850 63726813 468257788 527631157 148524054 147461386 319733734 380169771 MASSACHUSETTS COLLEGE OF PHARMACY AND HEALTH SCIENCES PREPARES STUDENTS FOR CAREERS IN HEALTH CARE THROUGH TEACHING, SCHOLARSHIP, RESEARCH, PROFESSIONAL SERVICE AND COMMUNITY ENGAGEMENT. false false 101155469 18631239 172172363 THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS TO STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN PHARMACY AND HEALTH SCIENCE DISCIPLINES. 8816199 0 10257351 THE COLLEGE PROVIDED DORMITORY ACCOMODATIONS FOR STUDENTS. 327928 0 246277 THE COLLEGE PROVIDED CONTINUING EDUCATION COURSES AND PROGRAMS FOR PHARMACISTS AND OTHER HEALTHCARE PROFESSIONALS. 110299596 true true false true false false false false false true true true false false true true true false true false false false false false true false false false true true true false false false false false false false false true false true false false false false true true false false false true 249 0 true 1772 true false false false false false true true false false false false X 17 17 false false false false true true false true true false false true true true true true true true true false MA NH X X KEITH A BELLUCCI 6177322145 179 LONGWOOD AVENUE BOSTON MA 02115 JON C ANDERSON 5.0 X 0 0 CHESTER E BABINEAU 5.0 X 0 0 JAY BIKOFSKY 5.0 X 0 0 PAUL G BOISSEAU 5.0 X 0 0 GAIL P BUCHER 5.0 X 0 0 LAURA CHAN 5.0 X 0 0 EILEEN K DUMOUCHEL 5.0 X 0 0 J RICHARD FENNELL 5.0 X 0 0 CHRIS FLYNN 5.0 X 0 0 MARYESTHER L FOURNIER 5.0 X 0 0 MARK W FULLER 5.0 X 0 0 RICHARD E GRIFFIN 5.0 X 0 0 GARY KERR 5.0 X 0 0 GREGORY H LAHAM 5.0 X 0 0 JUDITH P RONSHAGEN 5.0 X 0 0 CATHERINE SHATTUCK 5.0 X 0 0 HEIDI KANTOR SNYDER 5.0 X 0 0 CHARLES F MONAHAN JR 55.0 X 975431 0 249391 RICHARD J LESSARD 55.0 X 799981 0 76931 GEORGE HUMPHREY 55.0 X 436203 0 31118 MARGUERITE JOHNSON 55.0 X 374203 0 23104 DEBORAH O'MALLEY 55.0 X 265203 0 25227 DENNIS LYONS 55.0 X 260862 0 22120 THOMAS SCANLON 55.0 X 268703 0 37384 KEITH A BELLUCCI 55.0 X 255203 0 33800 DOUGLAS PISANO 55.0 X 243681 0 38818 MICHAEL MALLOY 55.0 X 227083 0 36440 KATHLEEN RYAN 55.0 X 179203 0 20297 CARRIE GLASS 55.0 X 179203 0 30477 MARY LILLY 55.0 X 174203 0 29548 DAVID TANNER 55.0 X 206041 0 35119 CAROL ELIADI 55.0 X 201778 0 19005 LILY HSU 55.0 X 189778 0 32399 TIMOTHY MAHER 55.0 X 184048 0 31231 KEVIN MCGOVERN 55.0 X 183953 0 31852 ROBERT W HOLMES 55.0 X 293722 0 3578 5898482 0 807839 118 true true false CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD & CATERING SERV 1914878 AMERICAN GREEN BUILDING SERVICES 190 MILTON STREET DEDHAM MA 02026 CLEANING SERVICES 1281759 SECURITAS SECURITY SERVICES 2 CAMPUS DRIVE PARSIPPANY NJ 07054 SECURITY SERVICES 1009211 OCE BUSINESS SERVICES INC 460 WEST 34 STREET 6TH FLOOR NEW YORK NY 10001 DOCUMENT MGMT SERV 370976 GCA SERVICES GROUP INC 1350 EUCLID AVENUE CLEVELAND OH 44115 FACILITY MGMT. SERV. 297425 21 49688 613237 1785171 34544 2448096 TUITION AND FEES 900099 169803673 169803673 ROOM AND BOARD REVENUE 531110 10257351 10257351 RESEARCH GRANTS 900099 1199308 1199308 OTHER REVENUES 900099 1169382 1169382 CONTINUING EDUCATION 900099 246277 246277 182675991 4143207 4143207 90334 90334 0 3401596 3135423 266173 266173 266173 43645789 43587732 58057 58057 58057 50217 49688 50217 0 0 0 0 189681858 182675991 4557771 0 18631239 18631239 0 0 5631930 5228623 403307 0 45391158 43561437 1470998 358723 3148060 3021161 102020 24879 6313526 6059028 204603 49895 3305427 2822039 434021 49367 0 287086 287086 137638 137638 23999 23999 0 492719 492719 1194582 905527 235203 53852 761353 761353 393811 327556 29028 37227 1478758 1368315 98424 12019 0 9951717 8496371 1306717 148629 788294 713286 57696 17312 0 1975864 1747429 146569 81866 4654994 3974245 611227 69522 0 11250917 9605575 1477309 168033 620911 620911 INSTITUTIONAL STIPENDS 3589281 3589281 STUDENT MEAL PLANS 1510790 1510790 CLASSROOM SUPPLIES 665258 665258 BANK & CREDIT CARD FEES 754186 754186 3001547 2539706 314593 147248 125955045 110299596 14033570 1621879 4716 3918 8931452 17803656 2594545 1503800 828044 2053019 0 0 0 0 7107401 7925331 0 0 3678677 3611348 300665245 88910792 193977198 211754453 113349163 136934450 113297501 121154047 0 0 0 0 24489091 24887135 468257788 527631157 12700244 12646928 0 0 5973580 8903539 97672482 94969941 0 0 0 0 24598925 22920969 0 0 7578823 8020009 148524054 147461386 X 297965241 357952003 6392536 6235034 15375957 15982734 319733734 380169771 468257788 527631157 X 63726813 -3290776 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23999 23999 124309167 124333166 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 79682 23998 23998 23999 151677 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 25119998 591529 47391 96237 230051 25432630 21731308 347648 3208262 86470 80750 25119998 18935863 988640 2205152 96932 301415 21731308 22730302 173359 -3622021 178430 167347 18935863 0.21000 0.59100 0.19900 false false 11108360 11108360 261032895 68806928 192225967 28523990 20103864 8420126 211754453 MULTI-STRATEGY HEDGE FUNDS 89971766 F REAL ESTATE FUNDS 2602460 F PRIVATE EQUITY FUNDS 28579821 F 121154047 0 GOVT ADVANCES - STUDENT LOANS 7775009 NON-CURRENT PENSION LIABILITY 245000 8020009 189681858 125955045 63726813 -3290776 -3290776 60436037 185898363 -3290776 -3290776 189189139 492719 492719 189681858 125462326 125462326 492719 492719 125955045 PART V, LINE 4: ENDOWMENT FUNDS ARE PERPETUALLY INVESTED AND ADMINISTERED IN ACCORDANCE WITH DONOR RESTRICTION OR BOARD DESIGNATION. EARNINGS APPROPRIATED FROM ENDOWMENT ARE DESIGNATED AND USED FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: The College is recognized as an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. Certain activities of exempt organizations may be subject to federal and state taxation as unrelated business income. No provision for income taxes has been made in these financial statements. The College believes it has taken no significant uncertain tax positions, and that the College's income tax returns for fiscal years 2008 and prior are closed to Internal Revenue Service examination. true true true true true true true false false false false false false false false true false true PART 1, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY APPEARS ON ALL APPLICATION FORMS FOR ADMISSION AND EMPLOYMENT. THE COLLEGE COMPLIES WITH FEDERAL AND STATE REGULATIONS REGARDING NON-DISCRIMINATION. PART 1, LINE 6A THE COLLEGE RECEIVED TITLE IV MONIES FROM THE UNITED STATES DEPARTMENT OF EDUCATION, AS WELL AS FUNDS FROM VARIOUS STATE AGENCIES. THESE MONIES RECEIVED WERE RESTRICTED TO AND USED FOR STUDENT FINANCIAL AID APPLIED TO TUITION AND FEES IN ACCORDANCE WITH FEDERAL AND STATE REGULATIONS. GOLF EVENT 99905 49688 50217 0 0 33904 7013 0 9300 0 99905 49688 50217 0 0 33904 7013 0 9300 50217 true STUDENT SCHOLARSHIPS 3144 0 18631239 SCHOLARSHIP AWARDS TUITION DISCOUNTS PART III, LINE 1 THE COLLEGE'S STUDENT SCHOLARSHIPS (GRANTS) ARE NON-CASH TUITION DISCOUNTS APPLIED DIRECTLY TO STUDENT ACCOUNTS AND CANNOT BE DIVERTED FROM INTENDED USES. THE NUMBER OF RECIPIENTS REPORTED ABOVE WAS COMPILED FROM SCHOLARSHIP DISBURSEMENT RECORDS FOR THE REPORTED FISCAL YEAR. The School's financial Aid office monitors all recipients of scholarship awards to determine both initial and continuing eligibility based upon the criteria for each type of award. Various criteria may include, but is not limited to, academic performance, financial need, or other criteria established by the funding source. X X X true true X X X X X X true true false false false false false true false CHARLES F MONAHAN JR 638650 0 315000 0 21781 0 233751 0 15640 0 1224822 0 0 0 RICHARD J LESSARD 480775 0 250000 0 69206 0 61500 0 15431 0 876912 0 0 0 GEORGE HUMPHREY 286000 0 150000 0 203 0 24500 0 6618 0 467321 0 0 0 MARGUERITE JOHNSON 249000 0 125000 0 203 0 22775 0 329 0 397307 0 0 0 DEBORAH O'MALLEY 215000 0 50000 0 203 0 19417 0 5810 0 290430 0 0 0 DENNIS LYONS 260659 0 0 0 203 0 21808 0 312 0 282982 0 0 0 ROBERT W HOLMES 0 0 0 0 293722 0 3578 0 0 0 297300 0 0 0 THOMAS SCANLON 243500 0 25000 0 203 0 22267 0 15117 0 306087 0 0 0 KEITH A BELLUCCI 205000 0 50000 0 203 0 18733 0 15067 0 289003 0 0 0 DOUGLAS PISANO 243478 0 0 0 203 0 23700 0 15118 0 282499 0 0 0 MICHAEL MALLOY 226880 0 0 0 203 0 21344 0 15096 0 263523 0 0 0 KATHLEEN RYAN 159000 0 20000 0 203 0 14525 0 5772 0 199500 0 0 0 CARRIE GLASS 169000 0 10000 0 203 0 15458 0 15019 0 209680 0 0 0 MARY LILLY 159000 0 15000 0 203 0 14542 0 15006 0 203751 0 0 0 DAVID TANNER 205838 0 0 0 203 0 20050 0 15069 0 241160 0 0 0 CAROL ELIADI 201575 0 0 0 203 0 18738 0 267 0 220783 0 0 0 LILY HSU 189575 0 0 0 203 0 17352 0 15047 0 222177 0 0 0 TIMOTHY MAHER 183845 0 0 0 203 0 16199 0 15032 0 215279 0 0 0 KEVIN MCGOVERN 183750 0 0 0 203 0 16813 0 15039 0 215805 0 0 0 PART I, LINE 1A: RESIDENCE FOR PERSONAL USE THE PRESIDENT OF THE COLLEGE PERIODICALLY STAYS OVERNIGHT IN COLLEGE OWNED FACILITIES. THE FAIR MARKET RENT VALUE OF THESE LODGING ACCOMMODATIONS ARE REPORTED ANNUALLY IN THE PRESIDENT'S FORM W-2 AS A TAXABLE FRINGE BENEFIT, AND HAVE BEEN INCLUDED IN COLUMN B (III) OF SCHEDULE J AS OTHER REPORTABLE COMPENSATION. SOCIAL CLUB DUES THE COLLEGE PROVIDES FOR THE ANNUAL COST OF MEMBERSHIP DUES IN TWO SOCIAL CLUBS FOR ITS PRESIDENT, LOCAL TO CAMPUS. THE FULL AMOUNT OF DUES PAID IS REPORTED ANNUALLY ON THE PRESIDENT'S FORM W-2 ANNUAL WAGE AND TAX STATEMENT AS A TAXABLE FRINGE BENEFIT PURSUANT TO INTERNAL REVENUE CODE SECTION 274(A)(3), AND HAS BEEN DISCLOSED IN COLUMN B(III) OF SCHEDULE J. THE USE OF THE CLUBS IS PRIMARILY FOR THE PURPOSES OF BUSINESS MEETINGS AND COMMUNITY INVOLVEMENT FURTHERING THE INTERESTS OF THE COLLEGE. USE OF THE CLUBS IS DOCUMENTED AND ANY COSTS FOR PERSONAL MEALS OR USE ARE PAID BY THE PRESIDENT PERSONALLY WHEN INCURRED. PART I, LINE 1A: THE COLLEGE'S EXECUTIVE VICE PRESIDENT RECEIVED A TUITION REMISSION BENEFIT THAT PROVIDES FOR PAYMENT ON A GROSS-UP BASIS FOR TAX PURPOSES. PART I, LINE 4A: ONE FORMER OFFICER, WHOSE EMPLOYMENT TERMINATED DURING THE PRIOR FISCAL YEAR, RECEIVED SEVERANCE COMPENSATION IN THE AMOUNT OF $293,722. tHE AMOUNT WAS REPORTED IN FORM 990 PART VII, LINE 1A AND SCHEDULE J, PART II AS REQUIRED. PART I, LINE 4B: DURING THE YEAR, THE COLLEGE'S PRESIDENT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. NO AMOUNTS WERE PAID DURING THE YEAR, AND AMOUNTS ACCRUED ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. PART I, LINE 7: SEVERAL OFFICERS AND KEY EMPLOYEES RECEIVED NON-FIXED, NON-CONTRACTUAL PAYMENTS REPRESENTING PERFORMANCE PAYMENTS DETERMINED ON A DISCRETIONARY BASIS RESULTING FROM ANNUAL PERFORMANCE APPRAISAL AND COMPENSATION REVIEW. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583F7G0 2005-02-03 53408068 RENOVATE AND EQUIP FACILITY false false false MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RTA3 2007-10-03 56859248 CONSTRUCT AND EQUIP FACILITY false false false 7070000 0 53692683 3348894 0 0 725267 930779 0 19399931 29287812 0 2006 true true true true 4405000 0 57656127 3768124 0 27919852 677535 558300 0 24023827 708489 0 2009 false true true true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false false false 0 true WACHOVIA BANK 15. true false false false false false 0 false 0 false false X PART II, LINE 3 0 TOTAL PROCEEDS OF A AND B INCLUDE CONSTRUCTION PERIOD INVESTMENT EARNINGS OF $194,672 AND $796,662, RESPECTIVELY. GERARD D'AMICO OFFICER IN-LAW 72000 CONSULTANT false PART IV, LINE 1 GERARD D'AMICO WAS A CONSULTANT TO THE COLLEGE DURING THE REPORTING YEAR. RELATIONSHIP TO OFFICER FULLY DISCLOSED TO BOARD OF DIRECTORS, ARRANGEMENT AND COMPENSATION UNANIMOUSLY APPROVED BY BOARD. X 6 34544 FMV ON GIFT DATE 0 false true false FORM 990, PART VI, SECTION A, LINE 6: THE COLLEGE IS A NON-STOCK CORPORATION WITH ONE CLASS OF CORPORATION MEMBERS WHOSE RESPONSIBILITY IS TO ELECT MEMBERS OF THE BOARD OF TRUSTEES (THE "BOARD"), THE COLLEGE'S GOVERNING BODY. MEMBERS DO NOT APPROVE SIGNIFICANT DECISIONS OF THE BOARD. MEMBERS DO NOT RECEIVE ANY SHARE OF THE ORGANIZATION'S PROFITS OR ANY SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A: SEE EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 6 ABOVE. FORM 990, PART VI, SECTION B, LINES 11A AND 11B: A COPY OF THE COLLEGE'S COMPLETED FORM 990 IS DISTRIBUTED TO ALL TRUSTEES PRIOR TO FILING. THE FORM 990 IS ALSO REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHOSE MEMBERS SUBSTANTIALLY REPRESENT THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THIS REVIEW PROVIDES FOR DETAILED OVERSIGHT AMONG INDIVIDUALS GOVERNING COLLEGE FINANCES AND OFFICER COMPENSATION. FORM 990 IS ALSO REVIEWED BY THE COLLEGE'S CHIEF FINANCIAL OFFICER, CHIEF BUSINESS OFFICER AND INDEPENDENT ADVISORS FROM A NATIONAL ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED ANNUALLY TO COMPLETE A STATEMENT DISCLOSING ALL BUSINESS AND FAMILY RELATIONSHIPS THAT COULD CREATE A CONFLICT OF INTEREST WITHIN THE COLLEGE. ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE TRUSTEES INDEPENDENT OF THE PERSON CONCERNED, AND RESOLUTIONS ARE VOTED PRESERVING THE COLLEGE'S INTERESTS WHILE THE PERSON WITH THE POTENTIAL OR ACTUAL CONFLICT IS RECUSED. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION OF THE COLLEGE'S PRESIDENT AND CERTAIN VICE PRESIDENTS IS REVIEWED AND AUTHORIZED BY THE COMPENSATION COMMITTEE, WHOSE MEMBERS ARE INDEPENDENT TRUSTEES ALSO SERVING ON THE COLLEGE'S FINANCE COMMITTEE. NO PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS SERVE ON THE COMMITTEE. A COMPENSATION CONSULTANT PROVIDES THE GROUP WITH DATA AND RECOMMENDATIONS INCLUDING COMPARABLE COMPENSATION FOR QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS. COMMITTEE MINUTES, DECISIONS, AND COMPENSATION ARRANGEMENTS ARE ALL CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION COMMITTEE LAST COMPLETED THEIR OFFICER COMPENSATION REVIEW PROCESS IN FISCAL YEAR ENDED JUNE 30, 2012. FORM 990, PART VI, SECTION C, LINE 19: THE COLLEGE'S GOVERNING DOCUMENT IS ITS CORPORATE CHARTER ENACTED BY MASSACHUSETTS LEGISLATURE, A COPY OF WHICH IS PROVIDED UPON REQUEST AND IS ALSO PUBLICLY AVAILABLE AT THE OFFICE OF THE SECRETARY OF MASSACHUSETTS. THE COLLEGE'S CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES IS PART OF THE COLLEGE'S BY-LAWS AND IS AVAILABLE UPON REQUEST. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICE OF THE ATTORNEY GENERAL OF MASSACHUSETTS, AS FILED ANNUALLY WITH MASSACHUSETTS FORM PC - REPORT OF PUBLIC CHARITIES. AUDITED FINANCIAL STATEMENTS ARE ALSO PROVIDED ON REQUEST. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS: NET UNREALIZED LOSSES ON INVESTMENTS ($3,290,776) LONGWOOD PHARMACEUTICAL RESEARCH INC 179 LONGWOOD AVENUE BOSTON MA 02115 042797812 PHARM RESEARC MA MCPAHS C CORP 0 0 1.00000 LONGWOOD PHARMACOLOGY RESEARCH INC 179 LONGWOOD AVENUE BOSTON MA 02115 043536683 PHARM RESEARC MA MCPAHS C CORP 0 0 1.00000 UNIVERSAL SYMBOLS INC 179 LONGWOOD AVENUE BOSTON MA 02115 043406878 MEDICINE SYMB MA MCPAHS C CORP 0 167303 1.00000 false false false false false false false false false false false false false false false false false false