2012-05-15T09:51:04-05:00 2011-06-30 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2010-07-01 042103589 LESLEY UNIVERSITY LESL 6173498685 29 EVERETT STREET CAMBRIDGE MA 021382790 BERNICE BRADIN 6173498685 2012-05-15 1 JOSEPH GISO 6177610600 2010 2016-02-24 21:20:13Z JOSEPH B MOORE 29 EVERETT STREET CAMBRIDGE MA 021382790 119929722 0 X WWW.LESLEY.EDU X 1909 MA LESLEY UNIVERSITY IS COMMITTED TO ACTIVE LEARNING, SCHOLARLY RESEARCH, CRITICAL INQUIRY, AND DIVERSE FORMS OF ARTISTIC PRACTICE THROUGH CLOSE MENTORING RELATIONSHIPS AMONG STUDENTS, FACULTY, AND PRACTITIONERS IN THE FIELD. LESLEY PREPARES GRADUATES WITH THE KNOWLEDGE, SKILL, UNDERSTANDING, AND ETHICAL JUDGMENT TO BE CATALYSTS WHO SHAPE A MORE JUST, HUMANE, AND SUSTAINABLE WORLD. 35 34 2508 300 218002 0 7854977 6093264 103125600 106054862 1841419 3132590 2518371 2505377 115340367 117786093 13702967 15783142 0 0 58546556 59295935 10066 0 1416872 37957424 41631629 110217013 116710706 5123354 1075387 317124368 343924145 116485351 121915113 200639017 222009032 X LESLEY UNIVERSITY IS COMMITTED TO ACTIVE LEARNING, SCHOLARLY RESEARCH, CRITICAL INQUIRY, AND DIVERSE FORMS OF ARTISTIC PRACTICE THROUGH CLOSE MENTORING RELATIONSHIPS AMONG STUDENTS, FACULTY, AND PRACTITIONERS IN THE FIELD. LESLEY PREPARES GRADUATES WITH THE KNOWLEDGE, SKILL, UNDERSTANDING, AND ETHICAL JUDGMENT TO BE CATALYSTS WHO SHAPE A MORE JUST, HUMANE, AND SUSTAINABLE WORLD. 0 0 42924801 94478311 EXPENSES RELATED TO INSTRUCTING FULL TIME AND PART TIME STUDENTS: THE UNIVERSITY IS HOME TO A NUMBER OF IMPORTANT CENTERS AND INSTITUTES THAT CONDUCT RESEARCH, HELP SHAPE PUBLIC POLICY, AND PROVIDE CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES ACROSS A WIDE RANGE OF DISCIPLINES INCLUDING:*MATH *SPECIAL EDUCATION *LITERACY*CENTER FOR ADULT LEARNERS*EVALUATION AND RESEARCH *NATIONAL CENTER FOR TEACHERS, COUNSELORS & SCHOOL LEADERSAT A GLANCE:*FOUNDED: 1909 *TOTAL ENROLLMENT: 8,566*UNDERGRADUATES: 1,912*MASTER'S, C.A.G.S., PH.D. STUDENTS: 5,648*NON-MATRICULATING STUDENTS: 1,006*TOTAL ALUMNI: 76,344*CAMPUS LOCATIONS: *BOSTON, MA *CAMBRIDGE, MA LESLEY UNIVERSITY ACADEMICS:*UNDERGRADUATE STUDY:-THE ART INSTITUTE OF BOSTON -LESLEY COLLEGE -ADULT LEARNING DEGREE PROGRAMS*GRADUATE STUDY: -COURSES + PROGRAMS IN CAMBRIDGE/BOSTON -PROGRAMS OFFERED THROUGHOUT THE US -ONLINE COURSES + PROGRAMS*UNIQUE PROGRAM FORMATS *CENTERS + INSTITUTES *CONTINUING EDUCATION + PROFESSIONAL DEVELOPMENT *THRESHOLD NON-DEGREE PROGRAM*ACCREDITATION: -NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES -NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN 15202174 EXPENSES RELATED TO SERVICES PROVIDED TO THE STUDENT BODY, INCLUDING COUNSELING, CAREER GUIDANCE, ADMISSIONS, REGISTRAR, STUDENT ACTIVITIES, FINANCIAL AID AND HEALTH SERVICES AS WELL AS EXPENSES RELATED TO ATHLETIC PROGRAMS. 16847189 EXPENSES RELATED TO ACADEMIC SUPPORT WHICH INCLUDES THE EXPENSES FOR THE LIBRARY, DEAN OF STUDENTS, VARIOUS ACADEMIC DEANS AND OTHER ACADEMIC SUPPORT. ALSO, EXPENSES RELATED TO RESEARCH AND GENERAL INSTITUTIONAL OPERATIONS. 15783142 15783142 EXPENSES RELATED TO FINANCIAL AID FOR STUDENTS:THE PURPOSE OF FINANCIAL AID IS TO HELP YOU ATTAIN YOUR GOAL OF A LESLEY UNIVERSITY EDUCATION, BY OFFERING FINANCIAL ASSISTANCE IN THE FORM OF GRANTS, LOANS, AND STUDENT WORK OPPORTUNITIES. PLEASE BE ASSURED THAT DESPITE THE CURRENT ECONOMIC SITUATION, THE OFFICE OF FINANCIAL AID REMAINS VERY VIGILANT AND HAS BEEN PROACTIVE IN ASSURING THAT BOTH FEDERAL AND PRIVATE EDUCATIONAL LOAN OPTIONS ARE AVAILABLE TO STUDENTS. 9406634 12184604 AUXILIARY ENTERPRISES 25189776 15783142 12184604 100163940 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 541 0 1 2508 1 1 1 0 0 0 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MA X X BERNICE BRADIN VPCFO 6173498685 29 EVERETT STREET CAMBRIDGE MA 021382790 HON JOYCE LONDON ALEXANDER 1.00 X 0 0 0 MRS GERALDINE M BLOOMBERG 1.00 X 0 0 0 MRS JEAN AXLINE 1.00 X 0 0 0 MR HAL BELODOFF 1.00 X 0 0 0 MR JAMES L BILDNER 1.00 X 0 0 0 MS KAREN COTTON CHAPLIN 1.00 X 0 0 0 MR RICHARD J DOUCETTE 1.00 X 0 0 0 DR BERNARD HARLESTON 1.00 X 0 0 0 MR CHARLES H HOOD 1.00 X 0 0 0 MR RICHARD A JALKUT 1.00 X 0 0 0 MS JUANITA JAMES 1.00 X 0 0 0 MS JANA KARP 1.00 X 0 0 0 MR MATTHEW KOZOL 1.00 X X 0 0 0 MS EILEEN LADIEU 1.00 X 0 0 0 MR MICHAEL E MOONEY 1.00 X 0 0 0 MRS CAROL C MORIARTY 1.00 X 0 0 0 MS MICHELLE O'BRIEN 1.00 X 0 0 0 MR JOHN O PARKER 1.00 X 0 0 0 MR DONALD M PERRIN 1.00 X 0 0 0 MS DEBORAH SCHWARTZ RAIZES 1.00 X X 0 0 0 MS BARBARA RUSSELL 1.00 X 0 0 0 MR ROBERT SAGE 1.00 X X 0 0 0 MR MAURICE SKOLER 1.00 X 0 0 0 MR KENNETH Z SLATER 1.00 X 0 0 0 MR GARY SMITH 1.00 X 0 0 0 MRS DAVID SQUIRE 1.00 X 0 0 0 MS ENID M STARR 1.00 X 0 0 0 MS JANET STEINMAYER 1.00 X 0 0 0 MS LORING LOW STEVENS 1.00 X 0 0 0 MR HANS D STRAUCH 1.00 X 0 0 0 MR DAVID A SWOPE 1.00 X 0 0 0 MS PAULA VANDERNOOT 1.00 X 0 0 0 MR CHRISTOPHER WILSON 1.00 X 0 0 0 MR CARL M YOUNGMAN 1.00 X 0 0 0 JOSEPH B MOORE 40.00 X X 369221 0 84427 MARY LOU BATT 40.00 X 185014 0 17273 MARTHA B MCKENNA 40.00 X 198633 0 36625 SANDRA DORAN 40.00 X 192927 0 46534 BERNICE BRADIN 40.00 X 189206 0 23503 KATHERINE MCWEY 40.00 X 60885 0 23361 COLM J RENEHAN 40.00 X 178490 0 23530 JEFFREY HANDLER 40.00 X 175621 0 20638 MARY LOU DYMSKI 40.00 X 172455 0 31239 KAREN BOUDREAU SHEA 40.00 X 170675 0 16788 SHAUN MCNIFF 40.00 X 155285 0 30585 STANLEY TRECKER 40.00 X 156684 0 13237 WILLIAM STOKES 40.00 X 146518 0 29671 LEO F RICE JR 40.00 X 160674 0 27067 MARIO R BURUNDA 40.00 X 159181 0 15404 IRENE FOUNTAS 40.00 X 146730 0 21029 KAREN L MUNCASTER 40.00 X 139304 0 11435 2957503 0 472346 55 0 1 0 UGL UNICCO 275 GROVE ST AUBURNDALE MA 02446 FACILITIES MANAGEMENT 4579383 BON APPETIT MANAGEMENT CO 29 EVERETT ST CAMBRIDGE MA 02138 FOOD SERVICE 3105095 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY 1429074 BRUNER COTT 130 PROSPECT ST CAMBRIDGE MA 02139 ARCHITECT 1143036 WHITE BUILDERS 73 PLEASANT ST WOBURN MA 01801 CONSTRUCTION 938224 77 2390885 3702379 114700 6093264 TUITION AND FEES 900099 93870258 93870258 AUXILIARY 900099 12184604 12184604 106054862 3132590 85528 3047062 3908479 2143629 1764850 1764850 1764850 OTHER INCOME 900099 608053 608053 PARKING LOT 812930 121824 121824 ART GALLERY 453220 10650 10650 740527 117786093 106662915 218002 4811912 15783142 15783142 2604370 844134 1760236 46062443 40351134 4813034 898275 2004185 1816140 147172 40873 5156545 4446613 611549 98383 3468392 2948419 455514 64459 336901 336901 145163 145163 82028 16000 66028 513677 513677 3037483 1425631 1547936 63916 2221618 2169751 49308 2559 3003488 2848393 103525 51570 1732056 618758 1105588 7710 7156114 6569984 582316 3814 2996880 2587715 270864 138301 242509 207578 30300 4631 3658937 3229489 429448 5151121 4915787 235334 273445 273445 CUSTODIAL CONTRACTS 3315983 3315983 FOOD SERVICE 2750610 2750610 CONSULTING 1403251 1126570 248825 27856 SECURITY CONTRACTS 1171258 1021904 149354 LICENSES & FEES 754895 107760 647135 1684212 1062445 607242 14525 116710706 100163940 15129894 1416872 2807 3107 4854309 6650085 3548135 2311894 5812893 6724554 1588513 1599249 2015538 2015760 187971607 43746792 143079579 144224815 147161483 163936033 9061111 16458648 317124368 343924145 13375057 13106151 1321594 1336897 13972367 13958279 79247921 88019786 5863000 5494000 2705412 0 116485351 121915113 X 178734193 197583174 11229778 13218094 10675046 11207764 200639017 222009032 317124368 343924145 X 1075387 20294628 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 80028 80028 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE UNIVERSITY PAID PODESTA MATTON, INC. $64,028 FOR FEDERAL FUNDING OF PRIORITY PROJECTS OF LESLEY UNIVERSITY. THE UNIVERSITY PAID POLITICAL ADVANTAGE, LLC $16,000 FOR STATE SUPPORT OF READING RECOVERY PROJECTS. 147161485 1332582 22145214 274773 6428476 163936032 142576277 3265367 6325160 209367 4795952 147161485 190326605 5347004 -48500943 344703 4251686 142576277 0.90890 0.06560 0.02550 0 0 16510549 16510549 92169650 21243701 70925949 60386470 13316302 47070168 15439662 9186789 6252873 3465276 3465276 144224815 CASH AND EQUIVALENTS 2067852 F FIXED INCOME 24061014 F DOMESTIC EQUITIES 28516437 F INTERNATIONAL EQUITIES 28497597 F PUBLIC & PRIVATE REAL ASSETS 30416466 F PRIVATE EQUITIES 2536173 F FLEX CAPITAL 47840494 F 163936033 117786093 116710706 1075387 19634216 660412 20294628 21370015 123927531 19634216 2804041 22438257 101489274 513677 15783142 16296819 117786093 102557516 2143629 2143629 100413887 513677 15783142 16296819 116710706 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 90 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS SCHOLARSHIPS, FACULTY CHAIRS, FACULTY DEVELOPMENT, SPECIAL EDUCATION AND OTHER NEEDS. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. IN ADDITION, THE UNIVERSITY HAS IDENTIFIED CERTAIN MINOR TAX POSITIONS WITH RESPECT TO CERTAIN OF ITS ACTIVITIES THAT MANAGEMENT DID NOT CONSIDER MATERIAL AND, ACCORDINGLY, SUCH AMOUNTS WERE NOT RECOGNIZED. THE UNIVERSITY'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: REALIZED GAIN ON INTEREST RATE SWAP 660,412. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,143,629. REALIZED GAIN ON INTEREST RATE SWAP 660,412. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 15,783,142. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,143,629. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 15,783,142. 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 NEWSPAPERS, ON-LINE, ADVERTISEMENTS APPLICATIONS FOR EMPLOYMENT, ADMISSIONS AND FINANCIAL AID EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL AID AND ASSISTANCE FROM THE FEDERAL GOVERNMENT IN THE FORM OF FEDERAL PROGRAMS AND GRANTS ADMINISTERED BY THE DEPARTMENT OF EDUCATION, THE DEPARTMENT OF COMMERCE, THE NATIONAL ENDOWMENT FOR HUMANITIES, THE NATIONAL SCIENCE FOUNDATION AND THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION. MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICE PROVIDE GRADUATE DEGREES IN EXPRESSIVE THERAPIES AND CREATIVE ARTS LEARNING. 725047 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 34125043 1 2 0 0 1 2 34850090 0 34850090 1 0 1 1 0 0 1 SCHOLARSHIPS 1559 15783142 FMV SCHOLARSHIPS ARE GIVEN OUT AS BURSAR CREDITS TO THE STUDENT'S ACCOUNT. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTS PROVIDED BY THE UNIVERSITY ARE FOR FINANCIAL AID TO STUDENTS. GRANTS AND OTHER ASSISTANCE ARE RELATED TO INSTITUTIONAL FINANCIAL AID FOR WHICH STUDENTS APPLY THROUGH THE FINANCIAL AID OFFICE. ALL AID IS AWARDED BASED ON CERTAIN GUIDELINES AND IS CREDITED DIRECTLY TO STUDENTS' TUITION ACCOUNTS. ALL AWARDS ARE DIRECTLY RELATED TO THE STUDENTS' EDUCATION AT THE INSTITUTION'S PHYSICAL LOCATION IN THE UNITED STATES. STUDENTS ARE REQUIRED TO COMPLETE A REVIEW WITH INSTRUCTORS AT THE END OF EACH SEMESTER TO RECEIVE CREDIT. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 JOSEPH B MOORE 334000 0 30000 0 5221 0 46760 0 37667 0 453648 0 0 0 MARY LOU BATT 183933 0 0 0 1081 0 13988 0 3285 0 202287 0 0 0 MARTHA B MCKENNA 181920 0 0 0 16713 0 15231 0 21394 0 235258 0 0 0 SANDRA DORAN 192510 0 0 0 417 0 25122 0 21412 0 239461 0 0 0 BERNICE BRADIN 188081 0 0 0 1125 0 13447 0 10056 0 212709 0 0 0 COLM J RENEHAN 178251 0 0 0 239 0 12807 0 10723 0 202020 0 0 0 JEFFREY HANDLER 174963 0 0 0 658 0 12434 0 8204 0 196259 0 0 0 MARY LOU DYMSKI 171800 0 0 0 655 0 13274 0 17965 0 203694 0 0 0 KAREN BOUDREAU SHEA 170527 0 0 0 148 0 13013 0 3775 0 187463 0 0 0 SHAUN MCNIFF 147310 0 0 0 7975 0 12229 0 18356 0 185870 0 0 0 STANLEY TRECKER 155192 0 0 0 1492 0 10977 0 2260 0 169921 0 0 0 WILLIAM STOKES 135937 0 0 0 10581 0 11336 0 18335 0 176189 0 0 0 LEO F RICE JR 160303 0 0 0 371 0 7241 0 19826 0 187741 0 0 0 MARIO R BURUNDA 141077 0 0 0 18104 0 13521 0 1883 0 174585 0 0 0 IRENE FOUNTAS 145946 0 0 0 784 0 11932 0 9097 0 167759 0 0 0 KAREN L MUNCASTER 139056 0 0 0 248 0 9802 0 1633 0 150739 0 0 0 PART I, LINE 1A WHEN THE PRESIDENT'S SPOUSE TRAVELS AND IT IS PAID FOR BY THE UNIVERSITY, SHE IS PERFORMING DUTIES ON BEHALF OF THE UNIVERSITY. THE PRESIDENT RESIDES IN UNIVERSITY PROVIDED HOUSING, WHICH IS LESS THAN 1/2 MILE FROM MAIN CAMPUS. THE PROVOST RESIDES IN AN ON CAMPUS APARTMENT ON A PART-TIME BASIS. THE VALUE OF THE HOUSING IS ADDED TO HER INCOME. THE UNIVERSITY PROVIDES A HOUSE CLEANER FOR THE PRESIDENT AND PERFORMS ALL NECESSARY MAINTENANCE ON THE HOME. PART I, LINE 4B JOSEPH MOORE, THE PRESIDENT OF THE UNIVERSITY, PARTICIPATED IN A 457F PLAN AS PART OF HIS OVERALL COMPENSATION PACKAGE. THE TOTAL CONTRIBUTED ON HIS BEHALF TOTALED $29,610. PART I, LINE 7 FOR THE PRESIDENT OF THE UNIVERSITY, A BONUS OF UP TO $35,000 MAY BE AWARDED. THE BOARD OF TRUSTEES DETERMINES THE AMOUNT BASED ON THE BOARD'S ASSESSMENT OF THE PRESIDENT ACHIEVING CERTAIN AGREED UPON GOALS AND APPROVES THE DETERMINED AMOUNT FOR PAYMENT. MASS DEVELOPMENT FINANCE AGENCY 043431814 57583F3B5 2003-12-19 26000000 REFINANCE EXISITING DEBT AND FUND NEW CAPITAL PROJECTS 1 0 0 MASS DEVELOPMENT FINANCE AGENCY 043431814 2006-05-19 7000000 FUND NEW CAPITAL PROJECTS 0 0 1 MASS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 042456011 57586EGP0 2009-03-10 56221393 FUND NEW CAPITAL PROJECTS 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 043431814 57583R7Z2 2011-03-30 32013314 REFINANCE EXISITING DEBT AND FUND NEW CAPITAL PROJECTS 0 0 0 26000000 26000000 294767 18960185 520000 6225048 2006 1 1 1 1 7000000 99726 112114 35000 6753160 2007 0 0 1 1 56221393 4875066 30568 611025 827429 49848618 28687 2010 0 0 1 1 32013314 1578778 428 22757001 497603 500819 3872932 1672796 1132957 2013 0 1 0 1 0 1 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0.00000 0.00500 0.00500 1 0 1 0 0 0.00000 0.01640 0.01640 1 0 1 0 0 0.00000 0.04240 0.04240 1 0 1 1 BANK OF AMERICA 30.000000000000 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X 6 114700 FMV ON DATE OF SALE 0 0 1 0 PROGRAM SERVICE STATEMENT LINE 4A CONTINUATION: CORE VALUES DEMOCRACY THE FUNDAMENTAL PURPOSE OF EDUCATION IN A DEMOCRATIC SOCIETY IS TO PROVIDE OPPORTUNITIES FOR ALL TO PARTICIPATE IN THE CULTURAL, POLITICAL, AND ECONOMIC LIFE OF THE NATION AND THE WORLD. AT LESLEY, THESE DEMOCRATIC IDEALS ARE REFLECTED IN AN ACADEMIC ENVIRONMENT THAT ENCOURAGES SCHOLARSHIP, FREEDOM OF EXPRESSION, AND AN OPEN EXCHANGE OF IDEAS. INQUIRY LESLEY UNIVERSITY IS DEVOTED TO ACADEMIC EXCELLENCE THROUGH ACTIVE, TRANSFORMATIVE TEACHING AND LEARNING, ARTISTIC CREATIVITY, CRITICAL INQUIRY, AND INDIVIDUAL DEVELOPMENT ACROSS THE LIFESPAN. WE CREATE AND DELIVER INNOVATIVE INTERDISCIPLINARY PROGRAMS, WHILE VALUING HIGH-QUALITY INSTRUCTION, RESEARCH AND SCHOLARSHIP, ADVOCACY, AND OUTREACH TO LOCAL AND GLOBAL COMMUNITIES. EQUITY WE VALUE AND RESPECT ALL INDIVIDUALS AND THEIR COMMUNITIES FOR THEIR UNIQUE BACKGROUNDS AND CAPACITIES. LESLEY LEARNING COMMUNITIES EDUCATE STUDENTS TO PURSUE EDUCATIONAL, SOCIAL, SCIENTIFIC, AND ARTISTIC ENDEAVORS TO MEET THE NEEDS OF DIVERSE POPULATIONS AND UNDERSCORE THE IMPORTANCE OF SOCIAL JUSTICE. COMMUNITY LEARNING IS A COLLECTIVE ENDEAVOR THAT INVOLVES STUDENTS, EDUCATORS, FAMILIES, AND COMMUNITIES. WE BELIEVE IN THE POWER OF INDIVIDUALS, WORKING COLLABORATIVELY AND WITH INTEGRITY, TO BRING ABOUT CONSTRUCTIVE CHANGE IN LOCAL, NATIONAL, GLOBAL, AND ECOLOGICAL COMMUNITIES. FORM 990, PART VI, SECTION B, LINE 11 ONCE MANAGEMENT REVIEWS THE 990, IT IS FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. ONCE THE REVIEW BY THE AUDIT COMMITTEE IS COMPLETE, IT IS APPROVED BY THE AUDIT CHAIRPERSON. IT IS ALSO PLACED ON A SECURE WEBSITE FOR ALL THE TRUSTEES TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EACH MEMBER OF THE BOARD OF TRUSTEES, ALL OFFICERS AND EACH KEY EMPLOYEE IS ASKED TO REVIEW THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND SUBMIT A DISCLOSURE STATEMENT REGARDING ANY CONFLICTS OF INTEREST THEY MAY HAVE. NEW TRUSTEES AND KEY EMPLOYEES ARE ASKED TO REVIEW THE POLICY AND SUBMIT A DISCLOSURE STATEMENT REGARDING ANY CONFLICTS OF INTEREST THEY MAY HAVE UPON COMMENCEMENT OF THEIR TERM OR THEIR EMPLOYMENT. THE ASSISTANT SECRETARY COLLECTS THE DISCLOSURE STATEMENTS. THE POLICY DESCRIBES A PROCESS FOR THE REVIEW OF POTENTIAL AND ACTUAL CONFLICTS OF INTEREST BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 FUNCTIONAL COMPARABLES WERE USED ON ALL THE SENIOR OFFICERS AND THE PRESIDENT THROUGH A SURVEY GROUP. IN DETERMINING COMPENSATION BASED ON FUNCTION, BUDGET SIZE AND STUDENT POPULATIONS, THE CUPA-HR COMPARABLES WERE USED, WITH THE EXCEPTION OF THE VP FOR NATIONAL PLANNING AND ADMINISTRATION. THE VP FOR NATIONAL PLANNING AND ADMINISTRATION WAS A NEWLY DEVELOPED POSITION TO THE UNIVERSITY. LOOKING AT THE COMPENSATION INFORMATION WITH REGARD TO THE VP OF MARKETING AND A REVIEW OF THE INTERNAL COMPENSATION WITHIN, THE UNIVERSITY DETERMINED THE BASE SALARY. CUPA PROVIDES A COMPREHENSIVE AND UP TO DATE SALARY DATA FOR COLLEGE AND UNIVERSITIES. THEY COLLECT INSTITUTION-SPECIFIC AND POSITION SALARY AND DEMOGRAPHIC DATA FOR ADMINISTRATIVE POSITIONS IN RELATION TO PUBLIC AND PRIVATE INSTITUTIONS AS WELL AS THE BUDGET SIZE AND TYPES OF DEGREES GRANTED WITHIN THE INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. OUR FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE NACUBO WEBSITE. OUR FORMS 990 (CURRENT AND PRIOR THREE YEARS) ARE ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND GUIDESTAR AT WWW2.GUIDESTAR.ORG. WE ALSO MAKE OUR FORM 990, FORM 1023, FORM 990-T, ARTICLES OF ORGANIZATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. OUR AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US. FORM 990, PART VI, SECTION B, LINE 13 & 14: THE ORGANIZATION DOES NOT HAVE A CENTRALIZED WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, THOUGH DEPARTMENTS WITHIN THE UNIVERSITY DO HAVE DEPARTMENT SPECIFIC RETENTION AND DESTRUCTION POLICIES. THE ORGANIZATION DOES HAVE A WRITTEN WHISTLEBLOWER POLICY THAT WAS DISCUSSED WITH THE AUDIT COMMITTEE SUBSEQUENT TO ITS ADOPTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 19,634,216. REALIZED GAIN ON INTEREST RATE SWAP 660,412. TOTAL TO FORM 990, PART XI, LINE 5: 20,294,628.