2012-05-03T10:00:18-07:00 2011-06-30 990 2010-07-01 042105769 EMMANUEL COLLEGE EMMA 6177359822 400 The Fenway Boston MA 02115 Sister Anne M Donovan SND 6177359822 2012-02-01 2010 2016-02-24 21:20:13Z Sr Anne M Donovan 400 The Fenway Boston MA 02115 107338026 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. 26 25 1474 226 0 0 4695854 5109246 66316432 72586037 2273857 3538987 2306746 3278259 75592889 84512529 19438504 23043558 0 0 24297994 26444353 100 98800 1897897 27562779 30123009 71299377 79709720 4293512 4802809 235809258 241839694 136747828 132483007 99061430 109356687 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 FY11 the College awarded 483 undergraduate and 103 graduate degrees. (586 Degrees Awarded) 0 0 38134612 23043558 57231467 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. 15877890 0 279886 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 140,000 titles in the electronic, circulating and reference collections; more than 2,000 active journal subscriptions in print and 59 online database resources. 11452582 15074684 Housing and meal services for over 1,100 students living in 4 on-campus and one off-campus residence halls including operating costs for a cafeteria and cafe, and leased dormitory space. 0 0 0 65465084 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 71 0 1 1474 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 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 8546 Sister Anne M Donovan SND 40 X X 0 0 8178 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 Jack Connors Jr 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 Elizabeth Hayes Patterson 1 X 0 0 0 Donna Rapaccioli 1 X 0 0 0 James Roosevelt Jr 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 Frank Scully 40 X 232199 0 31959 Neil G Buckley 40 X 299221 0 22794 Sandra Robbins 40 X 173735 0 29215 John Aversa 40 X 167920 0 6946 Margaret Boles Fitzgerald 40 X 148115 0 25742 Paula Connolly 40 X 142380 0 18757 Michelle Erickson 40 X 140454 0 18274 1304024 0 170411 25 0 1 0 Sisters of Notre Dame 351 Broadway Everett MA 02149 Admin & Instruct Svc 906833 Hurley of America 91 Montvale Avenue Stoneham MA 02180 Facilities/Security 768820 FL Putnam Investment Management Company 20 William Street Wellesley MA 02481 Investment Management 219819 Maguire Associates 135 South Street Bedford MA 01742 Financial Aid & Strategic Planning Consultants 191180 Beth Israel Deaconess Medical Center 330 Brookline Avenue Boston MA 02215 Health Care Services 185511 13 0 0 0 0 900112 4209134 299389 5109246 Tuition & Fees 611310 57119573 57119573 0 0 Room & Board 611310 14679415 14679415 0 0 Student Activity Fees 611310 279886 279886 0 0 Summer Programs 611310 395269 395269 0 0 Other Fees 611310 111894 111894 0 0 0 0 0 0 72586037 1686469 0 0 1686469 0 0 0 0 0 0 0 0 2930313 0 93401 0 2836912 0 2836912 0 0 2836912 24584614 0 22033657 698439 2550957 -698439 1852518 0 0 1852518 0 0 0 0 0 0 Staff & Student Parking 611310 287739 0 0 287739 Fees for Alumni Events 611310 49205 0 0 49205 104403 0 0 104403 441347 84512529 72586037 0 6817246 0 0 23043558 23043558 0 0 0 0 607924 269665 338259 0 0 0 0 0 20861031 15874390 3911131 1075510 1156648 882443 213935 60270 2456948 1851278 479155 126515 1361802 1024927 268341 68534 1611180 868465 742715 0 113172 0 113172 0 144000 0 144000 0 90000 0 90000 0 98800 98800 279762 279762 0 0 0 0 491628 437818 53810 0 1973557 1391095 412688 169774 3143810 3143810 0 0 444235 384648 33285 26302 78326 57945 12391 7990 3883662 0 3883662 0 6532569 6532569 0 0 350937 335962 14975 0 Catering & Food Costs 4948219 4930288 17931 0 Maintenance & Repairs 3126133 2478390 613191 34552 Programs 1040126 586881 249370 203875 Library Books 427616 427616 0 0 Student Government Activities 279886 279886 0 0 1164191 663450 474966 25775 79709720 65465084 12346739 1897897 0 1054419 2092460 2472375 1625970 1414612 1233978 0 0 0 0 2356224 2241179 0 0 1944389 2059051 223290245 55203789 169732496 168086456 56834743 64500600 0 0 235809258 241839694 7866456 5915695 0 0 45970609 45220840 80467237 78969376 0 0 0 0 320000 240000 0 0 2123526 2137096 136747828 132483007 X 80159531 87011892 9277378 11052968 9624521 11291827 99061430 109356687 235809258 241839694 X 4802809 5492448 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 90116 0 0 90116 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. 56834743 2011537 9627148 778801 3000000 194027 64500600 62760291 1403325 5757839 673539 12177213 235960 56834743 84427083 1214433 -14739746 902902 6979223 259354 62760291 0.71 0.17 0.12 0 0 0 12365633 12365633 0 181111885 34280211 146831674 0 0 0 0 0 23590802 19011130 4579672 0 6221925 1912448 4309477 168086456 Annuities Payable 74627 Advances from Dept. of Education 2062469 2137096 84512529 79709720 4802809 5492448 0 0 0 0 5492448 10295257 67666359 5492448 0 0 93401 5585849 62080510 86900 22345119 22432019 84512529 57371102 0 0 0 93401 93401 57277701 86900 22345119 22432019 79709720 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment consists of 86 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 does not have a liability for uncertain tax positions under FIN 48 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Lease expenses $93,401 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student Aid ($23,043,558), Fixed Asset Disposal (-$698,439) SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Lease expenses SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student Aid (23,043,558) netted with fixed asset disposal (-698,439) 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. East Asia and the Pacific 0 1 Program Services Admissions Recruitment 840 Central America and the Caribbean 0 1 Program Services Admissions Recruitment 11054 Europe (including Iceland and Greenland) 0 1 Program Services Admissions Recruitment 2010 0 3 13904 0 0 0 0 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 98800 -98800 0 98800 -98800 MA 1 Institutional Scholarship and Aid 1707 22412091 0 SEOG Grant 351 245767 Gilbert Grant 247 385700 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 1 0 0 0 0 0 0 0 0 Neil G Buckley 299221 0 0 0 0 0 22050 0 744 0 322015 0 0 0 Frank Scully 204599 0 0 0 27600 0 18900 0 13059 0 264158 0 0 0 Sandra Robbins 173735 0 0 0 0 0 16200 0 13015 0 202950 0 0 0 John Aversa 75690 0 0 0 92230 0 6845 0 101 0 174866 0 0 0 Margaret Boles Fitzgerald 148115 0 0 0 0 0 13828 0 11914 0 173857 0 0 0 Paula Connolly 142380 0 0 0 0 0 13077 0 5680 0 161137 0 0 0 Michelle Erickson 140454 0 0 0 0 0 12908 0 5366 0 158728 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 provides off campus housing to the Vice President for Academic Affairs as part of his compensation agreement. The fair market value of this benefit has been included as taxable income on his Form W2. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Pursuant to separation of services, John Aversa received a severance payout of $92,230 equivalent to his salary for the periods of June 2010 through December 2010. Massachusetts Health and Educational Facilities Authority 042456011 57586CH32 2007-08-21 84880130 Build Academic Science Center, repay debt 0 0 0 0 0 84880130 0 0 0 796812 1322000 0 43484754 0 0 2009 1 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 SchK_P02_S00_L05 Schedule K, Part II, Line 5 This amount includes issuance costs of $796,812 and bond insurance premium of $1,322,000. 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 Treasurer 110610 Employment Compensation 0 SchL_P04_S00_L00 Schedule L, Part IV Joan Caldwell, a family member of the College's Treasurer, provides administrative services to the College. All transactions are at arm's length and payment for services is at fair market value. X 11 299389 Fair Market Value 0 0 1 1 SchM_P01_S00_L09 Schedule M, Part I, Line 9 The College received eleven stock contributions in 2010 totaling $299,389 at the fair market value. SchM_P01_S00_L32b Schedule M, Part I, Line 32b The College uses a registered broker to sell securities donated to the College. 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 gains on investments