2011-05-16T12:14:38-05:00 2010-06-30 Meyers Brothers Kalicka PC 330 Whitney Ave Suite 800 Holyoke MA 01040 990 2009-07-01 042103865 BAY PATH COLLEGE BAYP 4135651000 588 LONGMEADOW STREET LONGMEADOW MA 01106 MICHAEL GIAMPIETRO 4135651000 2011-05-13 1 RUDY M D'AGOSTINO 4135368510 2011-05-13 2009 2016-02-24 21:20:13Z MICHAEL GIAMPIETRO 588 LONGMEADOW STREET LONGMEADOW MA 01106 52762774 0 X www.baypath.edu X 1940 MA PROFESSIONALLY FOCUSED 4-YR UNDERGRADUATE COLLEGE FOR WOMEN AND CO-EDUCATIONAL GRADUATE SCHOOL 35 34 893 60 3971 0 1743730 2379171 28865936 33066006 849054 210004 575640 608868 32034360 36264049 7442425 9012167 0 14659886 14205727 36788 17170 767723 9377213 9448421 31516312 32683485 518048 3580564 56106165 62216756 17975744 18113081 38130421 44103675 BAY PATH COLLEGE IS A PROFESSIONALLY FOCUSED FOUR-YEAR AND GRADUATE COLLEGE FOR WOMEN UNDERGRADUATES AND CO-ED GRADUATES. A pioneer in innovative undergraduate programs for women and professional graduate degrees for men and women, Bay Path College, through its focus on leadership, communication, and technology, educates students to become confident and resourceful contributors to our increasingly interdependent world. Whether students study at the Longmeadow Campus, one of the College's satellite campuses in Massachusetts, or on-line, they will receive a career focused curriculum, delivered by an exceptional faculty, in a supportive community environment. Bay Path College is proud to be recognized as one of "America's Best" baccalaureate colleges in the North by U.S. News and World Report. 0 0 24983788 9012166 29510079 The College provides instruction, academic support, student services and student financial aid to carry out its exempt purposes, serving approximately 2,100 students. 1832316 3555927 Auxiliary enterprises provide services for the convenience of the students, faculty and staff. This includes dining services, student housing, the bookstore and other misc. services. The college serves approximately 2,100 students, including 340 resident students. 26816104 1 1 0 1 0 0 0 1 1 1 0 1 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 1 128 0 1 893 1 1 1 1 CJ 0 0 0 1 1 0 0 0 35 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X Donna Guertin 4135651219 588 Longmeadow Street Longmeadow MA 01106 ROBERTA b Bolduc 5.00 X X 0 0 0 CINDY M BURKE 1.00 X 0 0 0 MARTIN M CAINE 1.00 X 0 0 0 SUSANNE E CHURCHILL 1.00 X 0 0 0 ROBYN B Davis 1.00 X X 0 0 0 ENzo V DiGiacomo 1.00 X 0 0 0 DIANNE FULLER DOHERTY 1.00 X 0 0 0 MARJORIE E FELDMAN WOOD 1.00 X 0 0 0 ANNE FITZGERALD 1.00 X 0 0 0 CALVIN J GAUSS III 1.00 X 0 0 0 KAren L Glaser 1.00 X 0 0 0 SAMUEL R HANMER 1.00 X 0 0 0 BEVERLY A HOLMES 1.00 X 0 0 0 STEPHEN D HOYT 1.00 X 0 0 0 GEorge C Keady III 1.00 X 0 0 0 CHARLENE HD MAZER 1.00 X 0 0 0 ANGIE MCGINNIS 1.00 X 0 0 0 MICHEle Megas-Ditomassi 1.00 X 0 0 0 BERNARD MUSSMAN 1.00 X 0 0 0 KEITH M PARENT 1.00 X 0 0 0 MARY Jean Picknelly 1.00 X 0 0 0 PATRICIA J PIERCE 1.00 X 0 0 0 JUDY A Reeves 1.00 X 0 0 0 JANE E ROULIER 1.00 X 0 0 0 BARBARA SADOWSKY 1.00 X 0 0 0 GLORIA SMITH 1.00 X 0 0 0 RICHARd B Steele 1.00 X 0 0 0 ROBERT STEPHAN 1.00 X 0 0 0 AMANDA TONER 1.00 X 0 0 0 JUDITH TREMBLE-MURPHY 1.00 X 0 0 0 RUTH MCLOUGHLIN Vignati 1.00 X 0 0 0 ANN B HAMMER 1.00 X 0 0 0 ROBYN A NEWHOUSE 1.00 X 0 0 0 KAY BERNON 1.00 X 0 0 0 MARY ANN SPENCER 1.00 X 0 0 0 CAROL LEARY 55.00 X 317496 0 86538 MICHAEL GIAMPIETRO 50.00 X 158698 0 23976 BARBARA KOCHON 50.00 X 76163 0 9953 WILLIAM SIPPLE 50.00 X 188089 0 20120 CARON HOBIN 50.00 X 116477 0 21854 DIANE RANALDI 50.00 X 105620 0 10259 ELIZABETH FLEMING 50.00 X 105945 0 15224 KATHLEEN BOURQUE 50.00 X 129498 0 7236 MELISSA MORRISS-OLSON 50.00 X 104609 0 11055 1302595 0 206215 10 0 1 0 ARAMARK SERVICES LLC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1312430 COMMODORE BUILDERS 80 BRIDGE STREET NEWTON MA 02458 CONSTRUCTION 519107 ILS BUSINESS SERVICE 570 SILVER STREET AGAWAM MA 01001 PRINTING SERVICES 286897 THE HEAT DOCTOR INC PO BOX 636 AGAWAM MA 01001 HVAC SERVICE 162410 LAMAR ADVERTISING PO BOX 66338 BATON ROUGE LA 70896 ADVERTISING 111440 6 6230 651153 1721788 76867 2379171 tuition and fees 900099 29293853 29293853 residence and dining 611710 3555927 3555927 WOMEN'S CONFERENCE 611600 205508 205508 theater department 711110 10718 10718 33066006 654700 654700 128050 128050 128050 128050 16046383 16491079 -444696 -444696 -444696 9382 6230 7646 1736 1736 FOOD SERVICE 722210 222748 222748 Other Revenue 900099 211306 211306 BOOKSTORE 451211 49672 49672 -4644 3971 -8615 479082 36264049 33066006 3971 814901 9012167 9012167 1032365 1032365 11410587 10132944 762363 515280 4094 4094 879188 745349 58740 75099 879493 781016 58761 39716 12320 12320 95590 95590 747 747 17170 17170 1363670 817144 511687 34839 1002555 112685 881817 8053 1363795 981403 358400 23992 37476 1259 36217 925814 841238 84576 182200 137531 27650 17019 31539 25554 4901 1084 528510 528510 2097728 1808389 289339 191661 20300 171361 COST OF FOOD 1039001 991078 37619 10304 ENTERTAINMENT 363379 323481 17322 22576 MEMBERSHIPS 112963 76474 34209 2280 BAD DEBTS 63339 63339 36134 8092 27731 311 32683485 26816104 5099658 767723 563016 355297 554251 734790 940637 1063267 2074779 1939764 105429 106322 674497 673153 51563258 27503502 24525298 24059756 25824889 32562724 843369 721683 56106165 62216756 2260309 2780426 752904 752904 2637671 2702547 10595808 10136924 401942 358791 1327110 1381489 17975744 18113081 X 31982032 37148492 1278814 1585732 4869575 5369451 38130421 44103675 56106165 62216756 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 747 747 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: THE COLLEGE HAS MEMBERSHIPS AND AFFILIATIONS WITH ORGANIZATIONS THAT MAY CONDUCT LOBBYING ACTIVITIES. THE COLLEGE PAYS ANNUAL MEMBERSHIP DUES TO THESE ORGANIZATIONS. FOR PURPOSES OF THIS FORM, IT IS ESTIMATED THAT 4% OF TOTAL MEMBERSHIP DUES HAVE BEEN USED IN CONNECTION WITH LOBBYING ACTIVITIES. 0 1 18747154 1786601 2491523 115617 22909661 22290541 335515 -3723485 155417 18747154 0.76480 0.22810 0.00710 1 0 2659404 2659404 1036548 31474061 14505133 18005476 626186 156546 469640 15415620 12841823 2573797 351439 351439 24059756 LEGAL OBLIGATIONS ASSOC. W/ASSET RETIREMENTS FOR FASB 143 1381489 1381489 36264049 32683485 3580564 2396611 -3921 2392690 5973254 29653182 2396611 19052 2415663 27237519 9026530 9026530 36264049 23679928 8610 8610 23671318 9012167 9012167 32683485 Part IV, Line 2b: THE COLLEGE OWNS AND RENTS RESIDENTIAL PROPERTIES CONTIGUOUS TO THE CAMPUS. THE TENANTS' SECURITY DEPOSITS ARE MAINTAINED IN ESCROW ACCOUNTS AT A LOCAL BANK. IN ADDITION, THE COLLEGE MAINTAINS A CHARITABLE ANNUITY POOL AT TIAA-CREF TRUST CO. FOR THE INVESTMENT OF CHARITABLE GIFT ANNUITIES. A LIABILITY IS RECOGNIZED FOR THE EXPECTED FUTURE PAYMENTS TO ANNUITANTS. Part V, Line 4: Description of Intended Use of Endowment Funds: THE COLLEGE'S ENDOWMENT FUND IS AN INVESTMENT PORTFOLIO COMPRISED OF DONOR-RESTRICTED (TRUE) AND BOARD-DESIGNATED (QUASI) ENDOWMENT FUNDS. THE INTENTIONS OF THE FUND ARE TO GENERATE A TOTAL RETURN THAT PRESERVES THE LONG-TERM REAL PURCHASING POWER OF THE ENDOWMENT FUNDS AND PROVIDES A RELATIVELY PREDICTABLE AND INCREASING REVENUE STREAM TO BE USED FOR DONOR-SPECIFIED AND BOARD-DESIGNATED PURPOSES THAT SUPPORT THE MISSION OF THE COLLEGE. For Section D, College contributions include funds transferred from donor restricted funds to the unrestricted quasi-endowment fund to support the donor restricted scholarships awarded during the fiscal year from liquid, unrestricted investments. Part X: Description of Uncertain Tax Positions Under FIN 48: The College reviewed tax positions for the open tax years as of June 30, 2010, and determinated that there are no material uncertain tax positions that require recognition in the financial statements. Part XI, Line 8 - Other Adjustments: schedule k-1: book/tax differences: -15327. change in asset retirement obligation: 11406. Part XII, Line 2d - Other Adjustments: GOLF OUTING EXP FROM PART VIII LINE 8B: 7646. change in asset retirement obligation: 11406. Part XII, Line 4b - Other Adjustments: Scholarships & Grants: 9012167. Income from Schedule K-1: 14363. Part XIII, Line 2d - Other Adjustments: GOLF OUTING EXP FROM PART VIII LINE 8B: 7646. TRAVEL EDUCATION CENTER EXPENSE: 964. Part XIII, Line 4b - Other Adjustments: Scholarships and Grants: 9012167. 1 1 1 PUBLICATIONS, APPLICATIONS, REGISTRATION FORMS, NEWSPAPER ADVERTISEMENTS AND SUMMER PROGRAMS MAKE REFERENCE TO THE COLLEGE'S RACIALlY NONDISCRIMINATORY POLICY. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 ALL FEDERAL AND STATE FUNDS RECEIVED ARE EXPENDED ENTIRELY FOR STUDENT FINANCIAL AID IN ACCORDANCE WITH THE U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133 FOR FEDERAL FUNDS, AND WITH SPECIFIC REQUIREMENTS APPLICABLE TO THE MASSACHUSETTS OFFICE OF STUDENT FINANCIAL ASSISTANCE PROGRAMS FOR STATE FUNDS. 1 1 SOUth asia 0 0 PROGRAM SERVICES STUDENT TRAVEL/TRIP 31825 EUROPE 0 0 PROGRAM SERVICES PRESIDENT TRAVEL 13895 SOUth asia 0 0 GRANTS 13500 EAST ASIA AND THE PACIFIC 0 0 GRANTS 84593 SUB-SAHARAN AFRICA 0 0 grants 16500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 grants 9000 NORTH AMERICA 0 0 grants 9500 0 0 178813 STUDENT SCHOLARSHIPS SOUTH ASIA 1 13500 TUITION PAYMENT STUDENT SCHOLARSHIPS EAST ASIA 5 84593 TUITION PAYMENT STUDENT SCHOLARSHIPS SUB-SAHARAN AFRICA 2 16500 TUITION PAYMENT STUDENT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 9000 TUITION PAYMENT STUDENT SCHOLARSHIPS NORTH AMERICA 1 9500 TUITION PAYMENT Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: direct payment of tuition X X X X X X X 1 WASHBURN AND MCGOLDRICK INC CONSULTING 0 0 17170 -17170 17170 -17170 MA GOLF TOURNAMENT 15612 6230 9382 6806 840 15612 6230 9382 6806 840 7646 1736 1 STUDENT SCHOLARSHIPS 1615 8346267 STUDENT GRANTS 253 532807 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: BAY PATH COLLEGE RECEIVES GRANT MONEY FROM FEDERAL AND STATE GOVENMENT FOR STUDENT FINANCIAL AID. THIS GRANT MONEY IS DISBURSED TO THE STUDENT ACCOUNTS AS IT IS RECEIVED BY THE COLLEGE. THE STUDENTS ARE AWARDED BASED ON THE FEDERAL AND STATE GUIDELINES FOR EACH GRANT TYPE. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 CAROL LEARY 310362 0 0 0 7134 0 29826 0 56712 0 404034 0 0 0 MICHAEL GIAMPIETRO 158498 0 0 0 200 0 7754 0 16222 0 182674 0 0 0 WILLIAM SIPPLE 187038 0 0 0 1051 0 8851 0 11269 0 208209 0 0 0 Part I, Line 1a The College President resides in a College-owned residence contiguous to the campus as required in her employment contract. Numerous functions take place at the President's residence in support of the College's mission. Donors, staff and most importantly students are welcomed throughout the year. The availability and approachability of the College President is a key element to instilling the sense of community and caring that is central to the College's mission. Given the visibility of and many functions/meetings that take place at the President's residence, a College employee cleans the home, at virtually no extra cost to the College. The President's employment contract allows for spousal travel, however, this travel is on a limited basis, typically involving the spouse's service as a chaperone when he accompanies the President on the annual honor students' trip to a world capital. The College pays for the President's membership in a local country club and social club, entirely for business purposes. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2006-12-28 8000000 RENOVATE ACADEMIC BUILDING, PARKING EXPANSION, OTHER ROUTINE CAPITAL. 0 0 8000000 78698 7921305 2008 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 JO-ANN SIPPLE SPOUSE OF KEY EMPLOYEE 102566 EMPLOYMENT 0 MARY LOU DIGIACOMO SPOUSE OF TRUSTEE 12933 EMPLOYMENT 0 X 7 76867 SALE PRICE 0 1 1 Third Party Use: Part I, Line 32b: THE COLLEGE USES A 3RD PARTY TO SELL STOCK GIFTS. Form 990, Part VI, Section B, line 11 PART VI, LINE 10: THE FORM 990 IS PREPARED BY THE COLLEGE'S ASSOCIATE VICE PRESIDENT OF FINANCE AND THE BUSINESS OFFICE MANAGER. THE COMPLETED FORM IS REVIEWED BY THE COLLEGE'S VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES AS WELL AS BY THE INDEPENDENT ACCOUNTING FIRM OF MEYERS BROTHERS KALICKA PC. ANY CHANGES/ADDITIONS PROPOSED AS A RESULT OF THE REVIEWS ARE DISCUSSED AMONG THE PARTIES REFERENCED ABOVE AND INCORPORATED INTO THE FORM IF DEEMED CORRECT. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AT THEIR MARCH MEETING WHICH IS HELD A WEEK PRIOR TO THE MEETING OF THE FULL BOARD OF TRUSTEES, AT WHICH TIME THE AUDIT COMMITTEE CHAIRPERSON DELIVERS A SUMMARY REPORT. PRIOR TO THE FILING OF THE FORM 990, A PUBLIC DISCLOSURE COPY IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES ONLINE VIA THE COLLEGE'S TRUSTEES' PORTAL. Form 990, Part VI, Section B, line 12c IN ACCORDANCE WITH ARTICLE XV OF THE BAY PATH COLLEGE BYLAWS AND THE COLLEGE CONFLICT OF INTEREST POLICY FOR TRUSTEES, ALL TRUSTEES AND OFFICERS OF THE COLLEGE MUST ANNUALLY DISCLOSE IN WRITING TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANY POSSIBLE CONFLICT OF INTEREST. ANY NEW TRUSTEE ADMITTED TO THE BOARD MUST COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AT THE TIME OF ADMITTANCE. IF ANY SITUATION AFFECTING THE INTEREST OF A TRUSTEE OCCURS BETWEEN ANNUAL DISCLOSURE, AN UPDATED DECLARATION CONCERNING CONFLICT OF INTEREST POLICY MUST BE COMPLETED AND SUBMITTED TO THE AUDIT COMMITTEE AT THE EARLIEST PRACTICAL TIME. A LETTER IS MAILED VIA U.S. POSTAL SERVICES TO THE BOARD OF TRUSTEES AND OFFICERS OF THE COLLEGE EXPLAINING THE POLICY REQUIREMENTS, ALONG WITH A CONFLICT OF INTEREST QUESTIONNAIRE AND A POSTAGE-PAID ENVELOPE. THE LETTER DIRECTS THE TRUSTEES AND OFFICERS TO COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE AND RETURN IT TO THE SECRETARY OF THE BOARD BY A SPECIFIED DATE. THE SECRETARY OF THE BOARD OF TRUSTEES PROVIDES THE COMPLETED QUESTIONNAIRES TO THE AUDIT COMMITTEE FOR THEIR SCHEDULED SPRING MEETING FOR THEIR REVIEW AND ACTION. ALL COLLEGE EMPLOYEES ALSO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM. IF AN EMPLOYEE DISCLOSES ACTIVE OR INTENDED PARTICIPATION IN AN ACTIVITY THAT IS A POTENTIAL CONFLICT OF INTEREST, THE SUPERVISOR AND DIVISIONAL VICE PRESIDENT WILL EVALUATE THE DISCLOSURE TO DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. THE EMPLOYEE MAY BE ASKED TO DISCONTINUE PARTICIPATION IN THE ACTIVITY IF DETERMINED TO BE A CONFLICT OF INTEREST. Form 990, Part VI, Section B, line 15a THE COMPENSATION SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE RESPONSIBILITY FOR REVIEWING AND RECOMMENDING THE COLLEGE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE SUB-COMMITTEE CONSIDERS COMPARATIVE DATA FROM PEER INSTITUTIONS, OTHER WOMEN'S COLLEGES AND OTHER COLLEGES IN MASSACHSETTS IN DETERMINING THE AMOUNT OF COMPENSATION. THE SUB-COMMITTEE ALSO REVIEWS THE PRESIDENT'S ACCOMPLISHMENTS IN COMPARISON TO PLANNED GOALS AND OBJECTIVES. The executive committee, comprised of independent board members, approves the President's compensation. Form 990, Part VI, Section C, line 19 The College's Forms 990 and 990T are available for public inspection at the principal office. In addition, the College's Form 990, Form PC, by-laws and audited financial statements are available for public inspection on the website of the Massachusetts Attorney General. Any requests made of the College for copies of the by-laws, conflict of interest policy, and financial statements are directed to the Vice President for Finance and Administrative Services to determine the appropriate response. Travel Education Center 588 Longmeadow Street Longmeadow MA 01106 042589394 travel education MA S -964 10282 1.00000 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Travel Education Center D