2011-05-13T15:01:29-04:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 042133255 SUFFOLK UNIVERSITY SUFF 6175738630 8 ASHBURTON PLACE BOSTON MA 021082770 FRANCIS X FLANNERY 2011-05-13 6179881000 2009 2016-02-24 21:20:13Z FRANCIS X FLANNERY 8 ASHBURTON PLACE BOSTON MA 021082770 360714794 false X WWW.SUFFOLK.EDU X 1906 MA SUFFOLK UNIVERSITY'S MISSION IS TO PROVIDE QUALITY EDUCATION AT A REASONABLE COST FOR STUDENTS OF ALL AGES AND BACKGROUNDS WITH A STRONG EMPHASIS ON DIVERSITY. 35 30 4447 250 1452242 -4336 7027960 8083078 262956940 277164927 3548335 -4117942 1759112 1571885 275292347 282701948 43280357 57667124 0 0 121767286 125417534 0 0 1998685 90184231 94901901 255231874 277986559 20060473 4715389 497534152 520196691 326580385 337237596 170953767 182959095 SUFFOLK UNIVERSITY'S MISSION IS TO PROVIDE QUALITY EDUCATION AT A REASONABLE COST FOR STUDENTS OF ALL AGES AND BACKGROUNDS WITH A STRONG EMPHASIS ON DIVERSITY. false false 118486004 31255037 144546223 THE COLLEGE OF ARTS AND SCIENCES (CAS) PREPARES STUDENTS OF ALL AGES AND BACKGROUNDS TO LIVE MORE FULFILLING LIVES, TO APPRECIATE AND CONTRIBUTE TO THEIR COMMUNITIES AND TO REACH THEIR ETHICAL, PERSONAL, INTELLECTUAL, AND FINANCIAL GOALS. TO HELP ITS STUDENTS MAXIMIZE THEIR POTENTIAL, THE CAS EMPHASIZES CRUCIAL AND ANALYTICAL THINKING THROUGH A RIGOROUS 'SUCCESS SKILLS' UNDERGRADUATE CORE PROGRAM IN WRITTEN AND ORAL COMMUNICATIONS, COMPUTING, ANALYZING AND INTEGRATING. APPROXIMATELY 4,000 STUDENTS WERE SERVED THIS YEAR. 56268243 14550898 67590695 THE SAWYER BUSINESS SCHOOL (SBS) CREATES A LEARNING ENVIRONMENT THAT ENABLES STUDENTS TO EMERGE AS SUCCESSFUL LEADERS IN THE GLOBAL BUSINESS AND PUBLIC SERVICE AREAS. THE SBS VALUES EXCELLENCE IN EDUCATION AND RESEARCH, AND WORKS WITH ITS STUDENTS, ALUMNI, AND BUSINESS PARTNERS TO ACHIEVE THEIR GOALS. THE PROGRAMS ARE BUILT ON THE CORE VALUES OF PROMOTING OPPORTUNITY, EXCELLENCE, QUALITY TEACHING, INCLUSION AND COLLABORATION, A TEAM FOCUSED ORGANIZATIONAL CULTURE AND EXCEPTIONAL SERVICE. APPROXIMATELY 2,900 STUDENTS WERE SERVED THIS YEAR. 49411340 11861189 63525731 THE LAW SCHOOL EDUCATES STUDENTS TO BECOME INFORMED, ETHICAL, AND EFFECTIVE LEGAL PRACTITIONERS CAPABLE OF POSITIVELY INFLUENCING THE PROFESSION. THE STRONG SCHOLARLY AND THEORETICAL FOCUS OF THE CLASSROOM IS COMPLEMENTED BY SIGNIFICANT OPPORTUNITIES TO DEVELOP PRACTICAL LEGAL SKILLS. APPROXIMATELY 1,500 STUDENTS WERE SERVED THIS YEAR. 224165587 true true false true false false true false true true false true true true true false true false false false false false true true true false false false false false false false true false true true false false false false true true false false true 417 0 true 4447 true true true true SP SG false false false true true false false false 35 30 true false false false false false false true true false false true true true true false false true true false MA X X FRANCIS X FLANNERY 6175738400 8 ASHBURTON PLACE BOSTON MA 02108 HON MARIANNE B BOWLER 1.0 X 0 0 0 JOHN A BRENNAN JR ESQ 1.0 X 0 0 0 HON LAWRENCE L CAMERON 1.0 X 0 0 0 IRWIN CHAFETZ 1.0 X 0 0 0 LEO J CORCORAN ESQ 1.0 X 0 0 0 ROBERT B CROWE 1.0 X 0 0 0 GERARD F DOHERTY ESQ 1.0 X 0 0 0 DENNIS M DUGGAN JR ESQ 1.0 X 0 0 0 DENNIS FERNANDEZ 1.0 X 0 0 0 JILL S GABBE 1.0 X 0 0 0 HON ROBERT W GARDNER JR 1.0 X 0 0 0 RUSSELL A GAUDREAU JR ESQ 1.0 X 0 0 0 MICHAEL G GEORGE 1.0 X 0 0 0 MARGARET A GERAGHTY 1.0 X 0 0 0 JEANNE M HESSION 1.0 X 0 0 0 JOSEPH P HOAR 1.0 X 0 0 0 WILLIAM T HOGAN III ESQ 1.0 X 0 0 0 PETER A HUNTER ESQ 1.0 X 0 0 0 J ROBERT JOHNSON 1.0 X 0 0 0 NICHOLAS MACARONIS ESQ 1.0 X 0 0 0 DEBORAH F MARSON ESQ 1.0 X 0 0 0 MARTIN T MEEHAN ESQ 1.0 X 0 0 0 ANDREW C MEYER JR ESQ 1.0 X 0 0 0 RALPH MITCHELL 1.0 X 0 0 0 JAMES T MORRIS ESQ 1.0 X 0 0 0 JOHN J O'CONNOR 1.0 X 0 0 0 BRIAN T O'NEILL ESQ 1.0 X 0 0 0 GEORGE A RAMIREZ ESQ 1.0 X 0 0 0 CAROL SAWYER PARKS 1.0 X 0 0 0 ROSALIE K STAHL 1.0 X 0 0 0 TARA TAYLOR 1.0 X 0 0 0 FRANCIS M VAZZA 1.0 X 0 0 0 DENNIS WALCZEWSKI 1.0 X 0 0 0 DAVID SARGENT 50.0 X X 1282126 0 199661 FRANCIS X FLANNERY 50.0 X X 302115 0 32592 BARRY BROWN 50.0 X 368371 0 44382 JANICE GRIFFITH 50.0 X 275394 0 29395 JOHN NUCCI 50.0 X 305510 0 22050 NANCY STOLL 50.0 X 165896 0 14760 MARGUERITE DENNIS 50.0 X 256003 0 24550 CHRISTOPHER MOSHER 50.0 X 132732 0 21772 DANIELLE MANNING 50.0 X 88877 0 0 KENNETH GREENBERG 50.0 X 317746 0 22050 BERNARD V KEENAN 50.0 X 238244 0 46482 WILLIAM O'NEILL 50.0 X 300797 0 40661 ALFRED AMAN 50.0 X 246894 0 23188 KAREN M BLUM 50.0 X 227482 0 33965 KI C HAN 50.0 X 211712 0 17849 MARC PERLIN 50.0 X 230799 0 41344 ALASDAIR S ROBERTS 50.0 X 225473 0 43562 MICHAEL F DWYER 50.0 X 168485 0 15986 5344656 0 674249 273 true true false FOLEY HOAG LLP LEGAL SERVICES 1150891 CHAN KRIEGER SIENIEWICZ ARCHITECTS 835280 RUBIN RUDMAN LLP LEGAL SERVICES 350154 REGAN COMMUNICATION GROUP CONSULTING 339575 DEVELOPMENT GUILD DDI CONSULTING 338579 22 5399897 2683181 487493 8083078 TUITION AND FEES 611710 255661421 255661421 RESIDENCE HALLS AND DINING 721000 21503506 20001228 1502278 277164927 2593291 -50036 2643327 210612 210612 0 1129968 0 865000 264968 0 264968 264968 69047443 1178558 75837903 1309943 -6790460 -131385 -6921845 -6921845 0 0 0 0 0 OTHER SOURCES 900099 1306917 1306917 1306917 282701948 275662649 1452242 -2496021 0 56270916 56270916 1396208 1396208 0 4812729 16025 4467528 329176 0 96170727 83711197 11833986 625544 6432061 5726315 649447 56299 11151119 9106240 1995104 49775 6850898 5811388 989428 50082 0 1547691 1547691 283333 283333 120885 120885 0 276021 276021 142464 142464 3464525 2511301 837100 116124 4797948 1161110 3566398 70440 4954904 2260468 2618346 76090 0 20755859 13525162 6978697 252000 833814 722024 105065 6725 0 648753 624255 24498 13077190 8055549 5021641 0 11412740 7030248 4382492 1209968 806645 403323 RESIDENCE HALL EXPENSES 12046206 12046206 ACADEMIC SERVICES & SUPPORT 4971937 4971937 OTHER INSTRUCTION 2606856 2606856 OTHER PUBLIC SERVICE 2222247 2222247 OTHER INSTITUTIONAL EXPENSES 1751018 1405149 345869 7777542 3583290 4173691 20561 277986559 224165587 51822287 1998685 1615307 1271336 3602198 2417457 2428289 3395672 5204894 3930514 403454060 100543969 286035257 302910091 131921470 148140442 17208581 8600251 11973835 16173497 37544321 33357431 497534152 520196691 28543039 28062232 6433375 8684327 266575000 294297404 1592002 1074497 23436969 5119136 326580385 337237596 X 143055638 153479137 604057 1366654 27294072 28113304 170953767 182959095 497534152 520196691 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 120885 false false 120885 false X X X X false 78859081 9410136 10887920 99157137 103094077 3471265 -27241928 464333 78859081 0.72880 0.26100 0.01020 true false 36416685 36416685 256897850 54759677 202138173 24451796 7820387 16631409 47299638 37963905 9335733 38388091 0 38388091 302910091 DEPOSITS WITH BOND TRUSTEES 33357431 33357431 0 REFUNDABLE US GOVERNMENT GRANT 5119136 5119136 282701948 277986559 4715389 16599591 -9309652 7289939 12005328 300166539 16599591 16599591 283566948 -865000 -865000 282701948 288161211 10174652 10174652 277986559 277986559 DESCRIPTION OF ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE JOHN JOSEPH MOAKLEY ARCHIVE AND INSTITUTE AT SUFFOLK UNIVERSITY WAS ESTABLISHED BY SUFFOLK UNIVERSITY IN 2001 UPON CONGRESSMAN MOAKLEY'S GIFT OF HIS PAPERS. THE INSTITUTE IS DEDICATED TO THE PRESERVATION, STUDY, INTERPRETATION AND CELEBRATION OF CONGRESSMAN MOAKLEY'S LEGACY OF SERVICE AND POLITICAL AND PUBLIC POLICY LEADERSHIP THROUGH PROGRAMMING AND PROMOTION OF JOE MOAKLEY'S CONGRESSIONAL PAPERS. EXHIBIT PROGRAM: THE MOAKLEY INSTITUTE CURATES AND PRESENTS TWO TYPES OF EXHIBITS ON THE LIFE AND LEGACY OF CONGRESSMAN JOE MOAKLEY: GALLERY EXHIBITS AND TRAVELING EXHIBITS. GALLERY EXHIBITS ARE PRESENTED IN THE ADAMS GALLERY AT SUFFOLK UNIVERSITY LAW SCHOOL. TRAVELING EXHIBITS ARE DISPLAYED ON SUFFOLK UNIVERSITY CAMPUS AND AT TOWN HALLS, EDUCATIONAL INSTITUTIONS AND OTHER ORGANIZATIONS THROUGHOUT MASSACHUSETTS. BOTH TYPES OF EXHIBITS CONNECT PEOPLE TO CONGRESSMAN MOAKLEY'S PUBLIC SERVICE AND POLITICAL LEADERSHIP LEGACY AND TO THE RESOURCES AND PROGRAMMING OF THE ARCHIVE AND INSTITUTE. CONGRESSMAN MOAKLEY PAPERS: THE CONGRESSMAN MOAKLEY PAPERS CONSIST OF 522 BOXES OF MATERIALS THAT DOCUMENT THE CONGRESSMAN'S EARLY LIFE, HIS WORLD WAR II SERVICE, HIS TERMS IN THE MASSACHUSETTS HOUSE OF REPRESENTATIVES AND SENATE, AND HIS SERVICE IN THE U.S. CONGRESS. PRIMARILY, THE COLLECTION COVERS MOAKLEY'S CONGRESSIONAL CAREER FROM 1973 TO 2001 INCLUDING DOCUMENTS RELATED TO HIS LEGISLATIVE AND POLICY CAMPAIGNS CENTERED ON HUMAN RIGHTS, THE MOAKLEY COMMISSION IN EL SALVADOR, FIRE-SAFE CIGARETTES, AND HIS PROMOTION OF DISTRICT PROJECTS SUCH AS THE BOSTON HARBOR ISLANDS, THE BIG DIG AND PRESERVATION OF HISTORIC SITES. JOHN JOSEPH MOAKLEY ORAL HISTORY PROJECT: THE MOAKLEY ARCHIVE ORAL HISTORY PROJECT SEEKS TO DOCUMENT AND PRESERVE VALUABLE INFORMATION AND OBSERVATIONS THAT MAY NOT BE A PART OF THE PAPER, PHOTOGRAPHIC, AND AUDIOVISUAL PORTIONS OF THE MOAKLEY PAPERS. RECORDING INTERVIEWS WITH THE CONGRESSMAN'S COLLEAGUES, STAFF, FAMILY, FRIENDS, CONSTITUENTS, AND OTHERS AFFECTED BY THE CENTRAL ISSUES OF HIS CAREER ALLOWS THE ARCHIVE TO DEVELOP A COMPLETE AND NUANCED PICTURE OF MOAKLEY'S LIFE AND SERVICE. ENDOWMENT FUNDS PART V, LINE 4 SUFFOLK UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 234 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 THE UNIVERSITY'S ENDOWMENTS IS DONOR RESTRICTED TO VARIOUS PURPOSES. A MAJORITY OF THE FUNDS PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO UNDERGRADUATE, GRADUATE AND LAW SCHOOL STUDENTS. SOME OF THE OTHER USES OF THE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, SUPPORT FOR FELLOWSHIPS, THE CREATION AND FUNDING OF DEPARTMENT CHAIRS, SUPPORT FOR VARIOUS UNIVERSITY CENTERS, AND SUPPORT FOR THE UNIVERSITY'S TEACHING AND RESEARCH ACTIVITIES. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE THE UNIVERSITY A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENT'S REAL VALUE. OTHER LIABILITIES PART XI, LINE 2 THE UNIVERSITY IS AN ORGANIZATION DESCRIBED UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF IRC SECTION 501(A). SUFFOLK UNIVERSITY MADRID CAMPUS, S.L. IS A TAXABLE FOREIGN SUBSIDIARY OF THE UNIVERSITY, FILING ITS OWN TAX RETURNS. THE INCOME TAX CONSEQUENCE, IF ANY, FROM THIS ENTITY IS REFLECTED IN THE FINANCIAL STATEMENTS, AND DOES NOT HAVE A MATERIAL EFFECT UPON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER CHANGES IN NET ASSETS PART XI, LINE 8 LOSS ON EXTINGUISHMENT OF DEBT (4,607,307) LOSS ON INTEREST RATE SWAPS (4,429,428) POST - RETIREMENT OBLIGATION (272,917) ----------- TOTAL (9,309,652) OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XII LINE 4B RENT EXPENSE (865,000) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XIII, LINE 2D LOSS ON EXTINGUISHMENT OF DEBT 4,607,307 LOSS ON INTEREST RATE SWAPS 4,429,428 POST - RETIREMENT OBLIGATION 272,917 RENT EXPENSE 865,000 ----------- TOTAL 10,174,652 true true true THE UNIVERSITY ADVERTISES IN LOCAL NEWSPAPERS AND PUBLICIZES ITS POLICY ON ITS WEBSITE AND IN VARIOUS LITERATURE. true true true true false false false false false false false false true false THE UNIVERSITY RECEIVES AID FOR STUDENTS FROM SUCH FEDERAL PROGRAMS AS PELL, SEOG, FEDERAL WORK STUDY, PERKINS, DIRECT LOANS, ETC. THE UNIVERSITY IS ALSO THE RECIPIENT OF SEVERAL FEDERAL AND STATE GRANTS FROM SUCH AGENCIES AS OFFICE OF JUSTICE PROGRAMS, NATIONAL SCIENCE FOUNDATION AND THE US DEPARTMENT OF EDUCATION, AMONG OTHERS. true true Europe (Including Iceland and Greenland) 1 43 Program Services EDUCATION 4105569 Sub-Saharan Africa 1 61 Program Services EDUCATION 1955834 Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATION & OTHER 1600000 Central America and the Caribbean 0 0 Program Services EDUCATION & OTHER 60000 East Asia and the Pacific 0 0 Program Services EDUCATION & OTHER 520000 Middle East and North Africa 0 0 Program Services EDUCATION & OTHER 25000 South America 0 0 Program Services EDUCATION & OTHER 17000 South Asia 0 0 Program Services EDUCATION & OTHER 105000 Sub-Saharan Africa 0 0 Program Services EDUCATION & OTHER 128000 North America 0 0 Program Services EDUCATION & OTHER 18000 2 104 8534403 FOREIGN GRANTS PAID - EUROPE Europe/Iceland/Greenland 200 1206569 FOREIGN GRANTS PAID - SUB SAHARAN AFRICA Sub-Saharan Africa 42 73294 FOREIGN GRANTS PAID - CENTRAL AMERICA Cent. America/Caribbean 4 24580 FOREIGN GRANTS PAID - EAST ASIA/PACIFIC East Asia/Pacific 15 91765 MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. PART I, LINE 2 SUFFOLK UNIVERSITY DOES NOT AWARD GRANTS TO FOREIGN GOVERNMENTS OR FOREIGN ORGANIZATIONS. GRANTS TO FOREIGN INDIVIDUALS ARE IN THE FORM OF SCHOLARSHIPS THAT ARE APPLIED AGAINST TUITION THAT HAS BEEN BILLED. ALL GRANT FUNDS ARE MONITORED WITH AT LEAST TWO DIFFERENT DEPARTMENTS PROVIDING CHECKS AND BALANCES TO ENSURE THAT THE FUNDS ARE TRACKED, REPORTED AND USED AS REQUIRED IN THE GRANT LANGUAGE. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE BASED ON FINANCIAL NEED AS DETERMINED BY UNIVERSITY POLICIES. RECORDS OF THE AMOUNT OF THE GRANTS, GRANTEE'S ELIGIBILITY AND SELECTION CRITERIA ARE MAINTAINED BY THE FINANCIAL AID OFFICE. EXPENDITURES IN REGION PART I, COLUMN (F) THE AMOUNTS IN COLUMN (F) ARE ESTIMATES OF FOREIGN EXPENDITURES, EXCEPT FOR EXPENDITURES IN SPAIN AND SENEGAL. THE UNIVERSITY DOES NOT CURRENTLY TRACK OTHER REGIONS FOREIGN EXPENDITURES SEPARATELY. true FINANCIAL AID - UNIVERSITY, FEDERAL AND STATE 4959 56270916 MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 ALL GRANTS AWARDED ARE BASED ON NEED AND/OR MERIT AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. X true true X X X X X X false true false false false false false false false DAVID SARGENT 464798 0 0 0 817328 0 181050 0 18611 0 1481787 0 636000 0 FRANCIS X FLANNERY 300000 0 0 0 2115 0 22050 0 10542 0 334707 0 0 0 BARRY BROWN 345000 0 0 0 23371 0 22050 0 22332 0 412753 0 0 0 JANICE GRIFFITH 275000 0 0 0 394 0 22050 0 7345 0 304789 0 0 0 JOHN NUCCI 280307 0 0 0 25203 0 22050 0 0 0 327560 0 0 0 NANCY STOLL 164000 0 0 0 1896 0 14760 0 0 0 180656 0 0 0 MARGUERITE DENNIS 256003 0 0 0 0 0 22050 0 2500 0 280553 0 0 0 CHRISTOPHER MOSHER 132732 0 0 0 0 0 12075 0 9697 0 154504 0 0 0 KENNETH GREENBERG 310000 0 0 0 7746 0 22050 0 0 0 339796 0 0 0 BERNARD V KEENAN 238244 0 0 0 0 0 22050 0 24432 0 284726 0 0 0 WILLIAM O'NEILL 297466 0 0 0 3331 0 22050 0 18611 0 341458 0 0 0 ALFRED AMAN 170775 0 0 0 76119 0 18917 0 4271 0 270082 0 0 0 KAREN M BLUM 169030 0 0 0 58452 0 17341 0 16624 0 261447 0 0 0 KI C HAN 136500 0 0 0 75212 0 1225 0 16624 0 229561 0 0 0 MARC PERLIN 230799 0 0 0 0 0 21533 0 19811 0 272143 0 0 0 ALASDAIR S ROBERTS 215000 0 0 0 10473 0 20430 0 23132 0 269035 0 0 0 MICHAEL F DWYER 154954 0 0 0 13531 0 13946 0 2040 0 184471 0 0 0 HEALTH CLUB DUES SCHEDULE J, PART I, LINE 1 HEALTH CLUB DUES ARE PROVIDED TO BARRY BROWN AND WERE REPORTED AS TAXABLE INCOME INCLUDED ON FORM W-2 NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN PART I, LINE 4B DAVID SARGENT $159,000 COMPENSATION PART II DAVID SARGENT'S AMOUNTS IN COLUMN B(III) AND COLUMN F: OF THE $817,328 LISTED AS 'OTHER COMPENSATION', $636,000 WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION ON FORM 990 AS FOLLOWS: FISCAL YEAR ENDED (FYE) 2007 WAS $159,000; FYE 2008 WAS $318,000 AND FYE 2009 WAS $159,000. MA HEALTH & EDUCATION FACILITIES - SER 200596 042456011 57586EMVO 2009-11-13 18712831 REFUND SERIES 2005 false false MA HEALTH & EDUCATION FACILITIES - SER 200597 042456011 57586EMVO 2009-11-13 46079870 REFUND SERIES 2005 false false MA HEALTH & EDUCATION FACILITIES - SER 200599 042456011 57586EMVO 2009-11-13 13422123 REFUND SERIES 2005 false false MA HEALTH & EDUCATION FACILITIES - SER 2005NM 042456011 57586EMVO 2009-11-13 22228016 REFUND SERIES 2005 false false MA HEALTH & EDUCATION FACILITIES - SER 2007ANM 042456011 57586EMVO 2009-11-13 28789061 REFUND SERIES 2007 false false 18712831 1488668 0 0 207262 0 0 2009 true false true true 46079870 3665808 0 0 503395 0 0 2009 true false true true 13422123 1067775 0 0 147826 0 0 2009 true false true true 22228016 1768313 0 0 245569 0 0 2009 true false true true 28789061 2290266 0 0 313375 0 0 2009 true false true true false true true false true 0.00000 0.00000 0.00000 true false true true false true 0.00000 0.00000 0.00000 true false true true false true 0.00000 0.00000 0.00000 true false true true false true 0.00000 0.00000 0.00000 true false true true false true 0.00150 0.09850 0.10000 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 73 TREMONT STREET REALTY LLC R STAHL, TRUSTEE 5773038 RENT - SEE SCHEDULE O false NELSON MULLINS RILEY SCARBOROUGH R CROWE/W HOGAN, TRUSTEES 120885 LOBBYING false X 13 487493 MEAN PRICE 0 false true true USE OF THIRD PARTY TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS PART I, LINE 32B THE UNIVERSITY USES A BROKERAGE ACCOUNT AT DEUTSCHE BANK TO RECEIVE AND SELL GIFTS OF MARKETABLE SECURITIES. MISSION STATEMENT PART I AND PART III LINE 1 SUFFOLK UNIVERSITY IS A PRIVATE, COMPREHENSIVE, URBAN UNIVERSITY LOCATED ON HISTORIC BEACON HILL IN BOSTON, WITH THREE OTHER MASSACHUSETTS LOCATIONS AND INTERNATIONAL CAMPUSES IN MADRID, SPAIN, AND DAKAR, SENEGAL. SUFFOLK UNIVERSITY'S MISSION IS TO PROVIDE QUALITY EDUCATION AT A REASONABLE COST FOR STUDENTS OF ALL AGES AND BACKGROUNDS WITH STRONG EMPHASIS ON DIVERSITY. THE UNIVERSITY IS COMMITTED TO EDUCATING STUDENTS TO BECOME LIFELONG LEARNERS, AS WELL AS PROFESSIONALS WHO LEAD AND SERVE THE COMMUNITIES IN WHICH THEY LIVE AND WORK. THE UNIVERSITY SEEKS TO PREPARE STUDENTS TO LIVE IN A DIVERSE, GLOBAL SOCIETY, APPRECIATING THE RICHNESS OF VARIOUS CULTURES. THE UNIVERSITY ACCOMPLISHES ITS MISSION BY PROVIDING EDUCATIONAL OPPORTUNITIES THROUGH UNDERGRADUATE STUDY, GRADUATE STUDY, AND PROFESSIONAL TRAINING. SUFFOLK UNIVERSITY IS A TEACHING UNIVERSITY, WHERE RESEARCH AND SCHOLARSHIP ARE INTERRELATED WITH THE UNIQUE CHARACTER OF EACH ACADEMIC DISCIPLINE. IT DOES SO BY MEANS OF COURSES THAT PROVIDE THEORETICAL, EXPERIENTIAL, AND PRACTICAL DIMENSIONS. THE UNIVERSITY SUPPORTS AND ENCOURAGES DIVERSITY IN A CHALLENGING, SUPPORTIVE ENVIRONMENT FOR MOTIVATED AND CAPABLE STUDENTS FROM VARIOUS BACKGROUNDS AND CULTURES. FAMILY RELATIONSHIPS PART VI, LINE 2 BRIAN T O'NEILL, TRUSTEE, IS THE BROTHER OF WILLIAM O'NEILL, A KEY EMPLOYEE. BARRY BROWN, PROVOST, IS A TRUSTEE OF CERTAIN BUSINESS INTERESTS OF ROSALIE STAHL. TRUSTEES JOHN A BRENNAN AND LEO J CORCORAN HAVE A BUSINESS RELATIONSHIP. TRUSTEES JOHN J O'CONNOR AND PETER A HUNTER HAVE A BUSINESS RELATIONSHIP. TRUSTEES ROBERT B CROWE AND WILLIAM T HOGAN III HAVE A BUSINESS RELATIONSHIP. FORM 990 REVIEW PROCESS PART VI, LINE 11A THE CONTROLLER OF SUFFOLK UNIVERSITY IS RESPONSIBLE FOR DRAFTING FORM 990. THE COMPLETED DRAFT FORM 990 IS SUBMITTED FOR REVIEW TO THE UNIVERSITY'S TAX ADVISOR. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH SENIOR MANAGEMENT AND THE UNIVERSITY'S TAX ADVISOR. ALL QUESTIONS AND CONCERNS OF THE AUDIT COMMITTEE MEMBERS WILL BE ADDRESSED AND INCORPORATED INTO THE FORM AS APPROPRIATE. AFTER THE AUDIT COMMITTEE REVIEW ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE COMPLETED FORM 990 IN ADVANCE OF THE FILING DEADLINE VIA A SECURE WEBSITE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES WILL BE ADDRESSED BY THE TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, THE TREASURER OF THE UNIVERSITY IS AUTHORIZED TO FILE THE FORM 990. CONFLICT OF INTEREST POLICY PART VI, LINE 12C THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OBTAINING A CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM ALL BOARD MEMBERS, OFFICERS OF THE UNIVERSITY, AND ALL EMPLOYEES OF THE UNIVERSITY HOLDING CERTAIN POSITIONS AS DETERMINED BY THE FINANCE COMMITTEE; REFERRED TO AS COVERED PERSONS. THE DISCLOSURE STATEMENT IS TO BE COMPLETED UPON FIRST ACCEDING TO THE OFFICE POSITION, UPON MATERIAL CHANGE IN THE INFORMATION REQUESTED, AND IN JULY OF EACH YEAR. THE FINANCE COMMITTEE PROVIDES THE BOARD WITH A SUMMARY REPORT OF ANY CONFLICT OF INTEREST AT LEAST ANNUALLY, AND MORE FREQUENTLY AS APPROPRIATE. THE FINANCE COMMITTEE MAY INVITE THE COVERED PERSON TO MAKE A PRESENTATION AT A MEETING TO DISCUSS THE TRANSACTION. THE FINANCE COMMITTEE WILL THEN DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE, AND THEREFORE WHETHER THE UNIVERSITY MAY OR MAY NOT ENTER INTO THE TRANSACTION. WHISTLEBLOWER POLICY PART VI, LINE 13 THE UNIVERSITY WAS DEVELOPING THE WHISTLEBLOWER POLICY DURING THE 2010 FISCAL YEAR. THE POLICY WILL BE FINALIZED AND ADOPTED ON MAY 21, 2011. DOCUMENT RETENTION POLICY PART VI, LINE 14 THE UNIVERSITY WAS DEVELOPING THE DOCUMENT RETENTION AND DESTRUCTION POLICY DURING THE 2010 FISCAL YEAR. THE POLICY WAS FINALIZED AND ADOPTED ON SEPTEMBER 14, 2010. COMPENSATION SETTING PROCESS PART VI, LINE 15A FOR THE COMPENSATION OF THE PRESIDENT, A SPECIAL PRESIDENTIAL COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WAS FORMED. THE COMMITTEE HAD THE RESPONSIBILITY FOR HIRING AN INDEPENDENT FIRM TO ANALYZE AND COMPARE THE COMPENSATION OF CEO'S AT COMPARABLE INSTITUTIONS. AFTER REVIEWING THE RESULTS OF THE STUDY, THE COMMITTEE APPROVED A CONTRACT FOR A PERIOD OF SEVERAL YEARS PREPARED BY THE RETAINED INDEPENDENT FIRM. THE CONTRACT INCLUDED ANNUAL SALARY ADJUSTMENTS AND PERFORMANCE AWARDS. THE BOARD OF TRUSTEES VOTED ON AND APPROVED THE CONTRACT. THE CHAIR OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE PRESIDENT AND REPORTS THE FINDINGS TO THE BOARD. THE COMPENSATION OF ALL OTHER OFFICERS, AS WELL AS KEY EMPLOYEES, IS ESTABLISHED AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. THE BUDGET OFFICE OBTAINS RECOMMENDATIONS FROM THE HUMAN RESOURCES OFFICE AS TO SALARY ADJUSTMENTS BASED ON THEIR STUDIES OF OTHER SIMILAR SIZE, OR OTHERWISE COMPARABLE, UNIVERSITY PERSONNEL SALARIES. TYPICALLY OFFICERS AND KEY EMPLOYEES RECEIVE A FLAT PERCENTAGE INCREASE THAT IS THE SAME FOR ALL. THE BOARD OF TRUSTEES APPROVES THE FINAL BUDGET. PUBLIC DISCLOSURE PART VI, LINE 19 ALL REQUESTS FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS ARE RECEIVED BY THE PRESIDENT AND/OR VICE PRESIDENTS OFFICES AND ARE TURNED OVER TO THE TREASURERS OFFICE FOR IMMEDIATE RESPONSE. TAX RETURNS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S AND GUIDESTAR'S WEBSITES. TAX-EXEMPT BOND ISSUES - PRIVATE BUSINESS USE SCHEDULE K THE ONE YEAR PRIVATE USE RESULTING FROM AN UNRELATED TRADE OR BUSINESS IS OVER 5% FOR THE YEAR ENDED 06/30/2010. HOWEVER, THE AVERAGE OVER THE LIFE OF THE BOND IS WELL BELOW THE 5% PRIVATE BUSINESS USE LIMITATION. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV SUFFOLK UNIVERSITY ENTERED INTO A MASTER LEASE DURING JULY 2004 WITH A TRUSTEE OF THE UNIVERSITY, MRS. ROSALIE K STAHL. THE AGREEMENT WAS MADE TO ASSIST THE UNIVERSITY WITH ITS PLANS FOR FACILITIES EXPANSION IN A VERY CROWDED DOWNTOWN BOSTON LOCATION. THE TRUSTEE PURCHASED AN $85,000,000 OFFICE BUILDING AT 73 TREMONT STREET, BOSTON, MA, THROUGH A SINGLE PURPOSE ENTITY, 73 TREMONT STREET REALTY LLC, IN WHICH THE TRUSTEE IS THE SOLE SHAREHOLDER, THE LLC OBTAINED A $68,000,000 MORTGAGE ON THE PROPERTY. EXISTING LEASES WERE SUBORDINATED TO THE MASTER LEASE. THE MASTER LEASE OBLIGATES THE UNIVERSITY TO PAY TO THE LLC A MONTHLY RENT COMPRISED OF THREE SEPARATE COMPONENTS: A) THE MORTGAGE PAYMENT, B) ONE-TWELFTH OF A 9% ANNUAL RETURN ON THE FIRST $14,000,000 OF EQUITY IN THE BUILDING, AND C) ONE TWELFTH OF A 10% ANNUAL RETURN ON THE BALANCE OF THE EQUITY IN THE BUILDING. THE MASTER LEASE IS A TRUE NET LEASE AND OBLIGATES THE UNIVERSITY TO OPERATE AND MAINTAIN THE BUILDING IN ALL RESPECTS. IN EXCHANGE, THE UNIVERSITY IS PERMITTED TO RETAIN ALL RENTS AND OTHER PAYMENTS DUE UNDER THE EXISTING LEASES. THE VALUE OF THE BUILDING WAS ARRIVED AT THROUGH AN INDEPENDENT APPRAISAL. THE TERMS OF THE MORTGAGE WERE NEGOTIATED WITH CITIZENS BANK. ALSO NEGOTIATED AT ARMS LENGTH, VIA LAWYERS FOR EACH PARTY, WAS THE UNIVERSITY'S AGREEMENT TO PAY THE CLOSING AND OTHER RELATED COSTS OF THE LLC. THE LEASE TERM IS FROM 7/19/2004 THROUGH 1/31/2025 WITH FOUR OPTIONS TO RENEW OF FIVE YEARS EACH. TERMS AFTER THE FIRST FIVE YEARS ARE SIMILAR TO THE INITIAL YEARS. DURING THE YEAR, SUFFOLK UNIVERSITY OBTAINED PROFESSIONAL SERVICES FROM NELSON MULLINS RILEY & SCARBOROUGH, LLP IN WHICH ROBERT B. CROWE AND WILLIAM T. HOGAN, TRUSTEES OF THE UNIVERSITY, ARE OWNERS/PRINCIPALS. THE AMOUNT PAID TO NELSON MULLINS RILEY & SCARBOROUGH, LLP FOR SERVICES RENDERED WAS $120,885 FOR THE YEAR ENDED JUNE 30, 2010. THE UNIVERSITY SELECTED NELSON MULLINS RILEY & SCARBOROUGH, LLP BECAUSE OF ITS EXPERIENCE WITH EDUCATIONAL ISSUES WITHIN THE COMMONWEALTH OF MASSACHUSETTS AND WASHINGTON, DC. THE UNIVERSITY BELIEVES THAT THE AMOUNTS PAID WERE AT OR BELOW FAIR MARKET VALUE FOR THE SERVICES RECEIVED. DURING THE YEAR, SUFFOLK UNIVERSITY OBTAINED LEGAL SERVICES FORM NIXON PEABODY LLP. DENNIS M. DUGGAN JR., A TRUSTEE OF THE UNIVERSITY, IS ALSO A PARTNER IN NIXON PEABODY LLP. NIXON PEABODY LLP SERVED AS BOND COUNSEL TO SUFFOLK UNIVERSITY. THE AMOUNT PAID TO NIXON PEABODY LLP FOR SERVICES RENDERED WAS $20,029 FOR THE YEAR ENDED JUNE 30, 2010. MR. DUGGAN WAS NOT INVOLVED IN ANY SERVICES PROVIDED TO SUFFOLK UNIVERSITY. THE UNIVERSITY BELIEVES THAT THE AMOUNTS PAID WERE AT OR BELOW FAIR MARKET VALUE FOR THE SERVICES RECEIVED. SUFFOLK UNIVERSITY MADRID CAMPUS SL CALLE VINA 3 MADRID SP 28003 999999999 HIGHER EDUCATION SP NA C CORP 3103840 694456 1.00000 false true false false false false false false false false false true false false false false false false SUFFOLK UNIVERSITY MADRID CAMPUS SL B 573638 SUFFOLK UNIVERSITY MADRID CAMPUS SL L 3367614