NICHOLS COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NICHOLS COLLEGE (EIN 04-2104778)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-10
- IRS object ID
- 201240709349300409
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-10T11:03:59-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104778 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NICHOLS COLLEGE OF BUSINESS ADMINISTRATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NICH | NameControl |
| Phone | 5082131560 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CENTER ROAD PO BOX 5000 | AddressLine1 |
| City | DUDLEY | City |
| State | MA | State |
| ZIP Code | 015715000 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL STANTON | Name |
| Title | VICE PRESIDENT OF ADMINISTRATION | Title |
| Phone | 5082131560 | Phone |
| Date Signed | 2012-03-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA E KING | Name |
| Phone | 5087557107 | Phone |
| Date Prepared | 2012-03-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL STANTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CENTER ROAD PO BOX 5000 | AddressLine1 |
| City | DUDLEY | City |
| State | MA | State |
| ZIP Code | 01571 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 83999860 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NICHOLS.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1815 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | NICHOLS COLLEGE IS COMMITTED TO PROVIDING THE BEST CAREER-FOCUSED BUSINESS EDUCATION IN NEW ENGLAND. MORE THAN 94 PERCENT OF GRADUATES ARE EMPLOYED IN WORK RELATED TO THEIR MAJOR, AND ONE IN 10 NICHOLS ALUMNI IS A CEO, PRESIDENT, OR BUSINESS OWNER.A DYNAMIC BUSINESS PROGRAM IS PARALLELED BY COMPREHENSIVE PROGRAMS IN TEACHER EDUCATION AND THE LIBERAL ARTS. ON THE GRADUATE LEVEL, NICHOLS MBA PROGRAM IS RANKED THE LARGEST IN CENTRAL MASSACHUSETTS AND HAS GROWN TO INCLUDE AN MBA WITH AN EMPHASIS ON SPORTS MANAGEMENT AND AN MBA WITH AN EMPHASIS IN SECURITY MANAGEMENT. IN ADDITION, ACCELERATED AND ONLINE FORMATS ARE OFFERRED TO ADULT POPULATIONS. THE FRIENDLY, NURTURING CAMPUS IN DUDLEY, MASS. OFFERS A BROAD SPECTRUM OF CO-CURRICULAR ACTIVITIES AND A FULL RANGE OF ATHLETIC OPPORTUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 652 | TotalNbrEmployees |
| Total Nbr Volunteers | 110 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3143433 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6614128 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 42444907 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 41384387 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 215163 | InvestmentIncomePriorYear |
| Investment Income Current Year | 246050 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 45803503 | TotalRevenuePriorYear |
| Total Revenue Current Year | 48244565 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12413522 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12863125 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12861744 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12807277 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 863740 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15230121 | OtherExpensePriorYear |
| Other Expenses Current Year | 15816583 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 40505387 | TotalExpensesPriorYear |
| Total Expenses Current Year | 41486985 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5298116 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6757580 | RevenuesLessExpensesCY |
| Total Assets BOY | 58814941 | TotalAssetsBOY |
| Total Assets EOY | 55626917 | TotalAssetsEOY |
| Total Liabilities BOY | 26934435 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 15647432 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 31880506 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 39979485 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | NICHOLS COLLEGE STRIVES TO DEVELOP TOMORROW'S LEADERS THROUGH A DYNAMIC, CAREER-FOCUSED BUSINESS EDUCATION. THE COLLEGE TRANSFORMS STUDENTS INTO SUCCESSFUL GRADUATES WHO RESPOND TO CHALLENGES, ARE EAGER FOR RESPONSIBILITY, AND ASSUME SIGNIFICANT ROLES IN THE GLOBAL ECONOMY. THE NICHOLS EXPERIENCE HAPPENS IN A WELCOMING ENVIRONMENT WHERE STUDENTS ARE ENCOURAGED TO LEARN AND GROW UNDER THE GUIDANCE OF MENTORING FACULTY AND STAFF COMMITTED TO STUDENT SUCCESS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 34997578 | Expense |
| Grants | 12863125 | Grants |
| Revenue | 39543126 | Revenue |
| Description | NICHOLS COLLEGE PROVIDES EDUCATION TO APPROXIMATELY 1,100 FULL TIME EQUIVALENT STUDENTS, LEADING TO ASSOCIATES, BACHELORS, AND MASTERS DEGREES, PRIMARILY IN BUSINESS. APPROXIMATELY 960 OF THE 1,100 FULL TIME DAY STUDENTS ARE PROVIDED WITH FOOD AND HOUSING. THE COLLEGE ADDITIONALLY PROVIDES ADMISSIONS SERVICES, FINANCIAL AID SERVICES, ATHLETIC OPPORTUNITIES, RESIDENCE LIFE SUPPORT, CAREER PLACEMENT, NEW STUDENT ORIENTATIONS, HEALTH SERVICES, AND REGISTRAR SERVICES TO THE STUDENT BODY. | Description |
| Total Program Service Expense | 34997578 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 103 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 652 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 0 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATRICIA A HERTZFELD | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5082132382 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NICHOLS COLLEGE | AddressLine1 |
| City | DUDLEY | City |
| State | MA | State |
| ZIP Code | 01571 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (39 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | Key EmployeeKeyEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT J VAUDREUIL | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| CONSTANTINE ALEXANDER | |||||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | ||||
| ROBERT B KUPPENHEIMER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| ROBERT E MILLER PHD | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JAMES W COGHLIN SR | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JOHN H DAVIS | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DAVID F LOMBARD | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| PETER L LYNCH | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| SENATOR RICHARD T MOORE | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| RANDALL V BECKER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| MARY C DEFEUDIS | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| KURT R HARRINGTON | |||||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | ||||
| JOHN H MCCLUTCHY | |||||||||
| CHAIRMAN OF THE BOARD | 2.00 | X | 0 | 0 | 0 | ||||
| ROBBIE P MUNCE | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| MARTIN J POWER | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JANE T BIRCKHEAD | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| ASUMAN GOKSEL | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| ROBERT F DORSEY | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| HOWARD KO CHONG JR | |||||||||
| TRUSTEE EMERITI | 2.00 | X | 0 | 0 | 0 | ||||
| JOHN B DIRLAM | |||||||||
| TRUSTEE EMERITI | 2.00 | X | 0 | 0 | 0 | ||||
| GERALD FELS | |||||||||
| TRUSTEE EMERITI | 2.00 | X | 0 | 0 | 0 | ||||
| RICHARD B HARDY | |||||||||
| TRUSTEE EMERITI | 2.00 | X | 0 | 0 | 0 | ||||
| THOMAS J HALL | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| THOMAS H NILES | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DAVID HALE | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| KENT TARRANT | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| DAVID BEDARD | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| JOSEPH BARTULIS | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| MICHAEL STANTON | |||||||||
| VICE PRESIDENT OF ADMINIST | 35.00 | 128688 | 0 | 22884 | X | ||||
| ALAN J REINHARDT | |||||||||
| PROVOST & SVP | 35.00 | 162456 | 0 | 25562 | X | X | |||
| THOMAS R CAFARO | |||||||||
| VP OF ENROLLMENT & MARKETING | 35.00 | 133468 | 0 | 23283 | X | ||||
| KEVIN F BRASSARD | |||||||||
| VP FOR INFORMATION SERVICES | 35.00 | 108344 | 0 | 21301 | X | ||||
| BRIAN T MCCOY | |||||||||
| VP FOR STUDENT AFFAIRS | 35.00 | 114502 | 0 | 21391 | X | ||||
| WILLIAM PIECZYNSKI | |||||||||
| VP, ADVANCEMENT | 35.00 | 117460 | 0 | 22080 | X | ||||
| ROBERT LAVIGNE | |||||||||
| ASSOC. VP, FACILITIES MANAGEMENT | 35.00 | 105188 | 0 | 21081 | X | ||||
| PATRICIA HERTZFELD | |||||||||
| ASSOC. VP FINANCE | 35.00 | 99960 | 0 | 8267 | X | ||||
| DEBRA M TOWNSLEY PHD | |||||||||
| PRESIDENT | 35.00 | 286937 | 0 | 27031 | X | ||||
| SUSAN TELLIER | |||||||||
| VP FOR ADMINISTRATION | 35.00 | 29142 | 0 | 7034 | X | ||||
| LAURIE ALBERT | |||||||||
| DEAN GPS | 35.00 | 104812 | 0 | 7893 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1156667 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 171425 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXHO AFFILIATES | |||||
| 10 EARHART DR | BUFFALO | NY | 14221 | DINING SERVICES | 2278094 |
| EAGLE CLEANING CORPORATION | |||||
| 997 MILLBURY STREET SUITE A | WORCESTER | MA | 01607 | CLEANING SERVICES | 672328 |
| LAURING CONSTRUCTION | |||||
| 23 BRIGHAM ROAD | WORCESTER | MA | 01609 | CONSTRUCTION OF NEW RESIDENCE HALL | 651522 |
| JUSTER POPE FRASIER LLC | |||||
| 82 NORTH ST | NORTHAMPTON | MA | 01060 | ARCHITECTS | 597188 |
| SMITH & JONES | |||||
| 76 MAIN ST | STURBRIDGE | MA | 01566 | ADVERTISING | 545226 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| All Other Contributions | 6614128 | AllOtherContributions |
| Total Contributions | 6614128 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & RELATED FEES | 611710 | 32970757 | 32970757 |
| ROOM & BOARD | 611710 | 8267240 | 8267240 |
| CONFERENCE REVENUE | 611710 | 146390 | 146390 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 41384387 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 293706 | TotalRevenueColumn |
| Exclusion | $293,706 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 35707639 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 35698225 | Securities |
| Other | 57070 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9414 | Securities |
| Other | -57070 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -47656 | TotalRevenueColumn |
| Related Or Exempt Function Income | -47656 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 48244565 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41336731 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $293,706 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12863125 | Total |
| Program Services | 12863125 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 970066 | Total |
| Management And General | 970066 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8906819 | Total |
| Program Services | 8242528 | ProgramServices |
| Management And General | 266647 | ManagementAndGeneral |
| Fundraising | 397644 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 542000 | Total |
| Program Services | 406500 | ProgramServices |
| Management And General | 101625 | ManagementAndGeneral |
| Fundraising | 33875 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1509274 | Total |
| Program Services | 1215566 | ProgramServices |
| Management And General | 220936 | ManagementAndGeneral |
| Fundraising | 72772 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 879118 | Total |
| Program Services | 695171 | ProgramServices |
| Management And General | 137960 | ManagementAndGeneral |
| Fundraising | 45987 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189253 | Total |
| Management And General | 189253 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54532 | Total |
| Management And General | 54532 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 685838 | Total |
| Program Services | 501739 | ProgramServices |
| Management And General | 174241 | ManagementAndGeneral |
| Fundraising | 9858 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 787203 | Total |
| Program Services | 784791 | ProgramServices |
| Management And General | 2412 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 221445 | Total |
| Program Services | 221445 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 899735 | Total |
| Program Services | 650171 | ProgramServices |
| Management And General | 134687 | ManagementAndGeneral |
| Fundraising | 114877 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 984665 | Total |
| Program Services | 902366 | ProgramServices |
| Management And General | 69406 | ManagementAndGeneral |
| Fundraising | 12893 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2567490 | Total |
| Program Services | 2352897 | ProgramServices |
| Management And General | 180975 | ManagementAndGeneral |
| Fundraising | 33618 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158799 | Total |
| Program Services | 35878 | ProgramServices |
| Management And General | 122921 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OPERATION AND MAINTENAN | 2814429 | 2579197 | 198381 | 36851 |
| FOOD SERVICES | 1807802 | 1807802 | ||
| VENDOR SERVICES | 1613505 | 394003 | 1206714 | 12788 |
| EXPENSES ASSOCIATED WIT | 973576 | 973576 | ||
| UTILITIES | 628532 | 591868 | 36664 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1429779 | Total |
| Program Services | 752531 | ProgramServices |
| Management And General | 584671 | ManagementAndGeneral |
| Fundraising | 92577 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41486985 | Total |
| Program Services | 34997578 | ProgramServices |
| Management And General | 5625667 | ManagementAndGeneral |
| Fundraising | 863740 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 344510 | BOY |
| EOY | 235183 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1611113 | BOY |
| EOY | 2714955 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 417740 | BOY |
| EOY | 460525 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111987 | BOY |
| EOY | 41806 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 65404078 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26654468 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37602795 | BOY |
| EOY | 38749610 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1047294 | BOY |
| EOY | 4780366 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13452873 | BOY |
| EOY | 5103129 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4226629 | BOY |
| EOY | 3541343 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58814941 | BOY |
| EOY | 55626917 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 443031 | BOY |
| EOY | 1757557 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24329058 | BOY |
| EOY | 12225369 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2162346 | BOY |
| EOY | 1664506 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26934435 | BOY |
| EOY | 15647432 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23968118 | BOY |
| EOY | 25145297 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2837140 | BOY |
| EOY | 9715646 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5075248 | BOY |
| EOY | 5118542 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31880506 | BOY |
| EOY | 39979485 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58814941 | BOY |
| EOY | 55626917 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6757580 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1341399 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4873993 | BeginningOfYearBalance |
| Contributions | 33523 | Contributions |
| Investment Earnings Or Losses | 1079469 | InvestmentEarningsOrLosses |
| Other Expenditures | 43935 | OtherExpenditures |
| End Of Year Balance | 5943050 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4351992 | BeginningOfYearBalance |
| Contributions | 239871 | Contributions |
| Investment Earnings Or Losses | 289230 | InvestmentEarningsOrLosses |
| Other Expenditures | -7100 | OtherExpenditures |
| End Of Year Balance | 4873993 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5195239 | BeginningOfYearBalance |
| Contributions | 44614 | Contributions |
| Investment Earnings Or Losses | -828388 | InvestmentEarningsOrLosses |
| Other Expenditures | -59473 | OtherExpenditures |
| End Of Year Balance | 4351992 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.14000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.86000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 830320 | OtherCostOrOtherBasis |
| Book Value | 830320 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 51074312 | OtherCostOrOtherBasis |
| Depreciation | 17983222 | Depreciation |
| Book Value | 33091090 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7991418 | OtherCostOrOtherBasis |
| Depreciation | 5817266 | Depreciation |
| Book Value | 2174152 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5508028 | OtherCostOrOtherBasis |
| Depreciation | 2853980 | Depreciation |
| Book Value | 2654048 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 38749610 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MONEY MARKET FUNDS | 24651 | C |
| EQUITIES | 4453478 | F |
| AUCTION RATE SECURITIES | 625000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 5103129 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| UNAMORTIZED BOND ISSUE COSTS, NET | 92238 |
| OTHER ASSETS | 369845 |
| BENEFICIAL INTEREST | 3079260 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 3541343 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED AND OTHER LIABILITIES | $559,481 |
| DEFERRED TUITION AND FEES | $1,105,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1664506 | TotalOfAmounts |
| Total Revenue | 48244565 | TotalRevenue |
| Total Expenses | 41486985 | TotalExpenses |
| Excess Or Deficit For Year | 6757580 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1302336 | NetUnrealizedGLOnInvestments |
| Other | $39,063 | OtherAmount |
| Total Adjustments | 1341399 | TotalAdjustments |
| Excess Or Deficit Per FS | 8098979 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 35903638 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1302336 | NetUnrealizedGainsInvestments |
| Other Revenues | 39063 | OtherRevenues |
| Revenue Not Rptd F990 | 1341399 | RevenueNotRptdF990 |
| Revenue Subtotal | 34562239 | RevenueSubtotal |
| Other Revenues Not Included | 13682326 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 13682326 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 48244565 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 27804659 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 27804659 | ExpensesSubtotal |
| Other Expenses Not Included | 13682326 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 13682326 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 41486985 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE COLLEGE'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENSE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE COLLEGE CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE COLLEGE IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE COLLEGE MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS; THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE COLLEGE'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH ALONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE COLLEGE RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE COLLEGE HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE COLLEGE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION, AS NEEDED, AMOUNTS FOR THE PURPOSE OF SCHOLARSHIPS AND FINANCIAL AID, SPECIAL PROGRAMS, CAPITAL IMPROVEMENTS, AND ACADEMIC AND ATHLETIC SUPPORT PROGRAMS. IN ESTABLISHING THIS POLICY, THE COLLEGE CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE COLLEGE'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE COLLEGE TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2011. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTEREST 39,063. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTEREST 39,063. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 12,708,750. UNAMORTIZED DEBT ISSUANCE COSTS 973,576. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 12,708,750. UNAMORTIZED DEBT ISSUANCE COSTS 973,576. | |
| PART X, QUESTION 2: MANAGMENT ANNUALL REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | NOTICES OF THE SCHOOL'S DISCRIMINATION POLICY ARE POSTED ON CAMPUS BULLETIN BOARDS. THE POLICY IS INCLUDED IN SCHOOL BROCHURES, SCHOOL CATALOGS, SCHOOL WEBSITE, AND NEWSPAPER ADVERTISEMENTS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | NICHOLS COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE GOVERNMENT THROUGH GRANTS THAT ARE PROVIDED TO THE STUDENTS TO FUND THEIR EDUCATION. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | INSTITUTIONAL FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 2863 | NumberOfRecipients |
| Amount Of Cash Grant | 12708750 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: NICHOLS COLLEGE PARTICIPATES IN TITLE IV FUNDING. STUDENTS MUST COMPLETE THE FAFSA FORM TO APPLY FOR AID. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL STANTON | |||||||||||||
| 128688 | 0 | 0 | 0 | 0 | 0 | 8885 | 0 | 13999 | 0 | 151572 | 0 | 0 | 0 |
| ALAN J REINHARDT | |||||||||||||
| 162456 | 0 | 0 | 0 | 0 | 0 | 11458 | 0 | 14104 | 0 | 188018 | 0 | 0 | 0 |
| THOMAS R CAFARO | |||||||||||||
| 133468 | 0 | 0 | 0 | 0 | 0 | 9404 | 0 | 13879 | 0 | 156751 | 0 | 0 | 0 |
| DEBRA M TOWNSLEY PHD | |||||||||||||
| 286937 | 0 | 0 | 0 | 0 | 0 | 12728 | 0 | 14303 | 0 | 313968 | 0 | 0 | 0 |
| LAURIE ALBERT | |||||||||||||
| 104812 | 0 | 0 | 0 | 0 | 0 | 6192 | 0 | 1701 | 0 | 112705 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4A | ReturnReference |
| Explanation | SUSAN TELLIER RECEIVED $134,414 IN SEVERANCE PAYMENTS DURING 2010. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 187013 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | THE CHAIR AND OTHER OFFICERS OF THE COLLEGE, EXCEPT THE PRESIDENT AND ANY VICE PRESIDENTS, SHALL BE ELECTED BY THE BOARD FROM ITS MEMBERS AT ITS ANNUAL MEETING AND SHALL HOLD OFFICE UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS/TRUSTEES ARE THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM WILL BE DISTRIBUTED TO ALL OF THE TRUSTEES AT THE JANUARY, 2011 BOARD MEETING, AND THEN FILED. | |
| EACH TRUSTEE COMPLETES AN ANNUAL CONFLICT OF INTEREST STATEMENT. REPORTED CONFLICTS ARE REVIEWED AND APPROVED (IF APPROPRIATE) BY THE BOARD'S EXECUTIVE COMMITTEE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| AN INDEPENDENT FIRM WAS HIRED TO PERFORM A COMPARATIVE STUDY OF SALARIES OF THE PRESIDENT AND ALL OFFICERS. THEY WERE COMPARED TO GROUPS OF PEER INSTITUTIONS AND THE RESULTS WERE REVIEWED AND CONSIDERED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| ALL FORMS ARE AVAILABLE ON REQUEST FROM THE BUSINESS OFFICE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 1,302,336. CHANGE IN VALUE OF BENEFICIAL INTEREST 39,063. TOTAL TO FORM 990, PART XI, LINE 5: 1,341,399. | FORM 990, PART XI, LINE 5: |
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