2011-05-16T08:58:23-05:00 2010-06-30 CBIZ Tofias 350 Massachusetts Avenue Cambridge MA 02139 990 2009-07-01 042103589 LESLEY UNIVERSITY LESL 6173498685 29 EVERETT STREET CAMBRIDGE MA 021382790 bernice bradin 6173498685 2011-05-13 1 JOSEPH M GISO MST 6177610600 2011-05-13 2009 2016-02-24 21:20:13Z bernice bradin 29 EVERETT STREET CAMBRIDGE MA 021382790 117449797 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 2399 302 -87796 -87796 5766306 7854977 96467268 103125600 2361202 1841419 2616456 2518371 107211232 115340367 11314480 13702967 0 59382462 58546556 58627 10066 1562312 35552146 37957424 106307715 110217013 903517 5123354 310283007 317124368 118941082 116485351 191341925 200639017 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 43144960 92731653 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: 9,061*Undergraduates: 1,907*Master's, C.A.G.S., Ph.D. students: 6,055*Non-Matriculating Students: 1,099*Total Alumni: 73,945*Campus locations: *Boston, MA *Cambridge, MA Lesley University Academics:*Undergraduate Study:-The Art Institute of Boston -Lesley College -Audubon Expedition Institute -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 14691729 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. 14464328 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. 13702967 13702967 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. 8079761 11011348 AUXILIARY ENTERPRISES 21782728 13702967 11011348 94083745 1 1 0 1 0 0 0 0 1 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 1 535 0 1 2399 1 1 1 0 0 0 0 0 0 0 0 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BERNICE BRADIN VPCFO 6173498685 29 EVERETT STREET CAMBRIDGE MA 021382790 deborah Schwartz Raizes 1.00 X X 0 0 0 Robert Sage 1.00 X X 0 0 0 matthew Kozol 1.00 X X 0 0 0 katherine mcwey 1.00 X X 0 0 0 Hon Joyce London Alexander 1.00 X 0 0 0 Geraldine M Bloomberg 1.00 X 0 0 0 Jean Axline 1.00 X 0 0 0 Hal Belodoff 1.00 X 0 0 0 James L Bildner 1.00 X 0 0 0 Karen Cotton Chaplin 1.00 X 0 0 0 Richard J Doucette 1.00 X 0 0 0 dr Bernard Harleston 1.00 X 0 0 0 Charles H Hood 1.00 X 0 0 0 Richard A Jalkut 1.00 X 0 0 0 Juanita James 1.00 X 0 0 0 Jana Karp 1.00 X 0 0 0 Eileen Ladieu 1.00 X 0 0 0 Michael E Mooney 1.00 X 0 0 0 Carol C Moriarty 1.00 X 0 0 0 Michelle O'Brien 1.00 X 0 0 0 John O Parker 1.00 X 0 0 0 Donald M Perrin 1.00 X 0 0 0 Barbara Russell 1.00 X 0 0 0 Maurice Skoler 1.00 X 0 0 0 Kenneth Z Slater 1.00 X 0 0 0 Gary Smith 1.00 X 0 0 0 mrs David Squire 1.00 X 0 0 0 Enid M Starr 1.00 X 0 0 0 Janet Steinmayer 1.00 X 0 0 0 ms Loring Low Stevens 1.00 X 0 0 0 Hans D Strauch 1.00 X 0 0 0 David A Swope 1.00 X 0 0 0 Paula VanDernoot 1.00 X 0 0 0 Christopher Wilson 1.00 X 0 0 0 carl m youngman 1.00 X 0 0 0 Joseph B Moore 40.00 X X 312072 0 68057 marylou batt 40.00 X 168098 0 14388 martha b mckenna 40.00 X 174642 0 27045 sandra doran 40.00 X 176728 0 26835 bernice bradin 40.00 X 145699 0 19003 Margaret Mckenna 40.00 X 25450 0 24184 mario r borunda 40.00 X 164864 0 14509 jacquelyn d armitage 40.00 X 162265 0 18157 colm j renehan 40.00 X 161770 0 18343 karen boudreau shea 40.00 X 160505 0 13496 leo f rice jr 40.00 X 150389 0 23774 carol streit 40.00 X 149978 0 18500 mary lou dymski 40.00 X 147864 0 24960 shaun mcniff 40.00 X 143073 0 25096 stanley trecker 40.00 X 146782 0 11437 joseph cambone 40.00 X 128882 0 20895 2519061 0 368679 33 0 1 0 UGL Unicco 275 grove street auburndale MA 02466 Facilities management 4276975 William A Berry & Son Inc 99 conifer hill drive danvers MA 01923 construction 2667304 Bon Appetit Management Co 100 hamilton ave suite 400 palo alto CA 94301 food service 2508621 Richard White Sons Inc 70 rowe st auburndale MA 02466 construction 1454744 Securitas Security Services 2 campus drive parsippany NJ 07054 security 1320231 34 2629003 5225974 25879 7854977 TUITION AND FEES 900099 92114252 92114252 AUXILIARY 900099 11011348 11011348 103125600 1841419 -39377 1880796 4058819 2109430 1949389 1949389 1949389 OTHER income 900099 617401 617401 ART GALLERY 453220 -48419 -48419 568982 115340367 103743001 -87796 3830185 13702967 13702967 1132571 201688 930883 46944468 40368419 5538319 1037730 2128883 1871804 208785 48294 4942799 4215398 619197 108204 3397835 2874660 449596 73579 273821 15 273806 145590 145590 114107 18000 96107 10066 10066 306321 306321 2053627 1531964 482353 39310 1557747 1522451 31831 3465 2982509 2697260 236408 48841 2208927 471055 1708832 29040 6184375 6150312 30838 3225 3240404 2802130 310315 127959 223026 192696 30140 190 3182878 2531348 651530 4599017 4363683 235334 274558 274558 custodial contracts 3202886 3202886 food service 2182145 2182145 consulting 1639940 1290425 346915 2600 miscellaneous 1040377 123890 896947 19540 security contracts 980991 979366 1625 1564178 789183 764726 10269 110217013 94083745 14570956 1562312 2807 2807 1626333 4854309 1462626 3548135 6569127 5812893 1633293 1588513 2955755 2015538 181679284 38599705 118491125 143079579 142576277 147161483 34965664 9061111 310283007 317124368 15215833 13375057 1305884 1321594 14515514 13972367 79762211 79247921 6211000 5863000 1930640 2705412 118941082 116485351 X 167029537 178734193 14021040 11229778 10291348 10675046 191341925 200639017 310283007 317124368 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 1 1 114107 114107 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: THE UNIVERSITY PAID PODESTA group, INC. $96,107 FOR FEDERAL FUNDING OF PRIORITY PROJECTS OF LESLEY UNIVERSITY. THE UNIVERSITY PAID POLITICAL ADVANTAGE, LLC $18,000 FOR STATE SUPPORT OF READING RECOVERY PROJECTS. 142576277 3265367 6325160 4795952 209367 147161485 190326605 5347004 -48500943 344703 4251686 142576277 0.91120 0.07080 0.01800 0 0 14738090 14738090 85044346 19402607 65641739 58108398 11556530 46551868 14001859 7640568 6361291 9786591 9786591 143079579 CASH AND EQUIVALENTS 24886267 F fixed income 22808761 F absolute return 21909769 F directional hedges 21381786 F domestic equities 19903315 F international equities 18891038 F public & private real assets 15565926 F private equities 1814621 F 147161483 BOND ISSUE COSTS 1756948 Assets held with outside trustees 569985 DEPOSITS WITH TRUSTEES 4958799 TRUST ESCROW RECEIVABLE 1774054 Unexpended bond proceeds 1325 9061111 swap investment 2705412 2705412 115340367 110217013 5123354 4954010 -780272 4173738 9297092 107614247 4954010 1329158 6283168 101331079 306321 13702967 14009288 115340367 98317155 2109430 2109430 96207725 306321 13702967 14009288 110217013 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: 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 a 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: unrealized loss on interest rate swap: -774772. net assets released from restrictions for special projects: -5500. Part XII, Line 2d - Other Adjustments: rental expenses: 2109430. unrealized loss on interest rate swap: -774772. net assets released from restrictions for special projects: -5500. Part XII, Line 4b - Other Adjustments: institutional financial aid: 13702967. Part XIII, Line 2d - Other Adjustments: rental expenses: 2109430. Part XIII, Line 4b - Other Adjustments: institutional financial aid: 13702967. 1 1 1 NEWSPAPERS, ON-LINE, ADVERTISEMENTS APPLICATIONS FOR EMPLOYMENT, ADMISSIONS AND FINANCIAL AID 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 1 Middle East and North Africa 1 2 Program service Provide graduate degrees in expressive therapies and creative arts learning. 612652 Central America and the Caribbean 0 0 Investing 0 1 2 612652 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: 100% of total grants and other assistance to foreign individuals 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. Students are required to complete a review with instructors at the end of each semester to receive credit. 1 scholarships to students 1532 13702967 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 280532 0 30000 0 1540 0 44519 0 23538 0 380129 0 0 0 marylou batt 167778 0 0 0 320 0 13781 0 607 0 182486 0 0 0 martha b mckenna 158715 0 0 0 15927 0 15006 0 12039 0 201687 0 0 0 sandra doran 176383 0 0 0 345 0 14763 0 12072 0 203563 0 0 0 bernice bradin 145370 0 0 0 329 0 13248 0 5755 0 164702 0 0 0 mario r borunda 164533 0 0 0 331 0 13771 0 738 0 179373 0 0 0 jacquelyn d armitage 161941 0 0 0 324 0 13003 0 5154 0 180422 0 0 0 colm j renehan 161457 0 0 0 313 0 12618 0 5725 0 180113 0 0 0 karen boudreau shea 160207 0 0 0 298 0 12821 0 675 0 174001 0 0 0 leo f rice jr 150102 0 0 0 287 0 11811 0 11963 0 174163 0 0 0 carol streit 149665 0 0 0 313 0 13365 0 5135 0 168478 0 0 0 mary lou dymski 147561 0 0 0 303 0 13078 0 11882 0 172824 0 0 0 shaun mcniff 142784 0 0 0 289 0 13240 0 11856 0 168169 0 0 0 stanley trecker 146512 0 0 0 270 0 10815 0 622 0 158219 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 1b Excluding the housing for the provost, all other expenses incurred are outlined in the president's contract. Part I, Line 4a 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 $30,000 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. Massachusetts development finance agency 043431814 noneavail 2006-05-19 7000000 residence hall construction/renovation 0 0 massachusetts development finance agency 043431814 57583F3B5 2003-12-19 26000000 Refinancing of debt 0 0 massachusetts health and educational facilities authority 042456011 57586EGP0 2009-03-10 56221393 residence hall construction/renovation 0 0 7000000 99726 35000 6865274 2006 0 0 1 1 26000000 18960185 520000 6519815 2003 0 1 1 1 56221393 4875066 1438454 49907873 2009 0 0 1 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 1 1 0 1 0.00000 0.03600 0.03600 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 0 1 1 bank of america 30.000000000000 0 0 0 0 0 0 0 0 0 X 8 25879 FMV on date of gift 0 0 0 0 Form 990, Part VI, Section B, line 11 Once management reviews the 990, it is forwarded to the audit committee for review. Once their review is complete, it is placed on a secure website for all the trustees to review. Once that review is complete, it is approved by the audit chairperson. Form 990, Part VI, Section B, line 12c Annually the secretary of the board forwards the conflict of interest policy to the board members and they are asked to disclose any conflicts of interest. The signed form stating that they have read the policy and disclosure of any conflicts is returned to the secretary. 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. The conflict of interest policy is available on the university's website as a part of the employee's handbook. 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 incorporation, 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, PAGE 11, PART XI, Line 2c: Lesley University has an audit committee that is comprised of trustee members that oversee the audit. Schedule K, Part II, Line 5: Proceeds used for bond issuance costs: $611,025 Proceeds used for credit enhancement: $827,429 FORM 990, PART III, STATEMENT OF PROGRAM ACCOMPLISHMENTS 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.