2011-02-09T09:50:28-06:00 2010-06-30 Bollus Lynch LLP 89 Shrewsbury Street Worcester MA 01604 990 2009-07-01 042104778 NICHOLS COLLEGE OF BUSINESS ADMINISTRATION NICH 5082131560 CENTER ROAD PO BOX 5000 DUDLEY MA 015715000 SUSAN K TELLIER 5082131560 2011-02-04 1 Barbara E King 5087557107 2011-02-04 2009 2016-02-24 21:20:13Z MICHAEL STANTON CENTER ROAD PO BOX 5000 DUDLEY MA 01571 53281799 0 X WWW.NICHOLS.EDU X 1815 MA 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. 23 23 351 112 0 0 1479958 3143433 40158002 42444907 215408 215163 0 41853368 45803503 11381015 12413522 0 12806060 12861744 0 860170 14617085 15230121 38804160 40505387 3049208 5298116 54677975 58814941 28461169 26934435 26216806 31880506 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. 0 0 34083034 42444907 NICHOLS COLLEGE PROVIDES EDUCATION TO APPROXIMATELY 1,400 FULL TIME EQUIVALENT STUDENTS, LEADING TO ASSOCIATES, BACHELORS, AND MASTERS DEGREES, PRIMARILY IN BUSINESS. APPROXIMATELY 960 OF THE 1,400 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. 34083034 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 75 0 1 351 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23 23 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X PATRICIA A HERTZFELD 5082132382 NICHOLS COLLEGE DUDLEY MA 01571 DEBRA M TOWNSLEY PHD 35.00 X X X 383142 0 30188 ROBERT J VAUDREUIL 2.00 X 0 0 0 CONSTANTINE ALEXANDER 2.00 X 0 0 0 ROBERT B KUPPENHEIMER 2.00 X 0 0 0 ROBERT E MILLER PHD 2.00 X 0 0 0 JAMES W COGHLIN SR 2.00 X 0 0 0 R JOSEPH SALOIS 2.00 X 0 0 0 WILLIAM J WEYAND 2.00 X 0 0 0 CHARLES ZABRISKIE JR 2.00 X 0 0 0 DOMINIC C VARISCO 2.00 X 0 0 0 JOHN H DAVIS 2.00 X 0 0 0 DAVID F LOMBARD 2.00 X 0 0 0 PETER L LYNCH 2.00 X 0 0 0 SENATOR RICHARD T MOORE 2.00 X 0 0 0 RANDALL V BECKER 2.00 X 0 0 0 MARY C DEFEUDIS 2.00 X 0 0 0 KURT R HARRINGTON 2.00 X 0 0 0 JOHN H MCCLUTCHY 2.00 X 0 0 0 ROBBIE P MUNCE 2.00 X 0 0 0 MARTIN J POWER 2.00 X 0 0 0 JANE T BIRCKHEAD 2.00 X 0 0 0 ASUMAN GOKSEL 2.00 X 0 0 0 ROBERT F DORSEY 2.00 X 0 0 0 HOWARD KO CHONG JR 2.00 X 0 0 0 JOHN B DIRLAM 2.00 X 0 0 0 GERALD FELS 2.00 X 0 0 0 RICHARD B HARDY 2.00 X 0 0 0 LOVETT C PETERS 2.00 X 0 0 0 THOMAS J HALL 2.00 X 0 0 0 THOMAS H NILES 2.00 X 0 0 0 MICHAEL STANTON 35.00 X 0 0 0 ALAN J REINHARDT 35.00 X 150099 0 23210 THOMAS R CAFARO 35.00 X 130216 0 21507 KEVIN F BRASSARD 35.00 X 109417 0 19717 BRIAN T MCCOY 35.00 X 106597 0 19268 ROBERT LAVIGNE 35.00 X 102634 0 19268 PATRICIA HERTZFELD 35.00 X 98142 0 7956 SUSAN TELLIER 35.00 X 165746 0 16013 LAURIE ALBERT 35.00 X 138835 0 7890 JOSEPH COFIELD 35.00 X 191328 0 8568 1375380 0 146361 9 0 1 0 SODEXHO AFFILIATES 9801 WASHINGTON BLVD MS 31 GAITHERSBURG MD 20878 DINING SERVICES 2152949 LAURING CONSTRUCTION 23 BRIGHAM ROAD WORCESTER MA 01609 CONSTRUCTION OF NEW RESIDENCE HALL 754250 EAGLE CLEANING CORPORATION 997 MILLBURY STREET SUITE A WORCESTER MA 01607 CLEANING SERVICES 621188 S3TI 300 TRADE CENTER SUITE 4800 WOBURN MA 01801 CAMPUS SECURITY 480269 SMITH & JONES 76 MAIN STREET STURBRIDGE MA 01566 ADVERTISING 362192 5 3143433 3143433 TUITION & RELATED FEES 611710 33749254 33749254 ROOM & BOARD 611710 8528724 8528724 CONFERENCE REVENUE 611710 166929 166929 42444907 238365 238365 7455094 7478296 -23202 -23202 -23202 45803503 42421705 0 238365 12413522 12413522 1375380 1375380 8591785 7730122 421303 440360 513001 384750 96188 32063 1513204 1165541 286551 61112 868374 664410 152973 50991 270483 270483 46000 46000 675988 570243 101053 4692 642338 642338 236154 232542 69 3543 879269 582563 204693 92013 1379158 1263887 99832 15439 2491991 2283709 180386 27896 185164 24882 160282 OPERATION AND MAINTENAN 2663770 2441130 192821 29819 FOOD SERVICES 1807118 1807118 VENDOR SERVICES 1649471 300248 1341200 8023 UTILITIES 627852 592647 35205 SUPPLIES 363237 304905 52456 5876 1312128 678477 545308 88343 40505387 34083034 5562183 860170 230218 344510 561508 1611113 355827 417740 90988 111987 62190857 24588062 37433702 37602795 1057144 1047294 10794172 13452873 4154416 4226629 54677975 58814941 535882 443031 25789929 24329058 2135358 2162346 28461169 26934435 X 20147803 23968118 1233626 2837140 4835377 5075248 26216806 31880506 54677975 58814941 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4351992 239871 289230 -7100 4873993 5195239 44614 -828388 -59473 4351992 1.00000 0 0 775374 775374 49862196 16255399 33606797 7210243 5634894 1575349 4343044 2697769 1645275 37602795 MONEY MARKET FUNDS 4645624 C CERTIFICATES OF DEPOSIT 2731000 C DEBT SECURITIES 1928799 F EQUITIES 3709950 F AUCTION RATE SECURITIES 437500 F 13452873 DEPOSITS WITH BANK TRUSTEE 3070796 UNAMORTIZED BOND ISSUE COSTS, NET 875197 OTHER ASSETS 280636 4226629 ACCRUED AND OTHER LIABILITIES 1145780 DEFERRED TUITION AND FEES 1016566 2162346 45803503 40505387 5298116 365583 365583 5663699 33755565 365583 365583 33389982 12413522 12413522 45803504 28091865 0 28091865 12413522 12413522 40505387 Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 12413522. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 12413522. 1 1 1 NOTICES OF THE SCHOOL'S DISCRIMINATION POLICY ARE POSTED ON CAMPUS BULLETIN BOARDS. THE POLICY IS INCLUDED IN SCHOOL BROCHURES, SCHOOL CATALOGS, AND NEWSPAPER ADVERTISEMENTS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 NICHOLS COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE GOVERNMENT THROUGH GRANTS THAT ARE PROVIDED TO THE STUDENTS TO FUND THEIR EDUCATION. 1 1 INSTITUTIONAL FINANCIAL AID 2771 12413522 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: NICHOLS COLLEGE PARTICIPATES IN TITLE IV FUNDING. STUDENTS MUST COMPLETE THE FAFSA FORM TO APPLY FOR AID. X X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 DEBRA M TOWNSLEY PHD 383142 0 0 0 0 0 0 0 0 0 383142 0 0 0 ALAN J REINHARDT 150099 0 0 0 0 0 0 0 0 0 150099 0 0 0 THOMAS R CAFARO 130216 0 0 0 0 0 0 0 0 0 130216 0 0 0 SUSAN TELLIER 165746 0 0 0 0 0 0 0 0 0 165746 0 0 0 JOSEPH COFIELD 191328 0 0 0 0 0 0 0 0 0 191328 0 0 0 Part I, Line 4a JOSEPH E. COFIELD SEVERANCE PAYMENT - $191,328. MASS HEALTH & EDUCATION FACILITIES AUTHORITY SERIES D 042456011 2007-07-01 3500000 CONSTRUCTION OF APARTMENT STYLE RESIDENCE HALLS 0 0 MASS HEALTH & EDUCATION FACILITIES AUTHORITY SERIES E 042456011 2008-08-06 4000000 CONSTRUCTION OF APARTMENT STYLE RESIDENCE HALLS 0 0 3500000 3500000 2008 0 0 0 1 4000000 4000000 2009 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DEBRA M TOWNSLEY PHD PRESIDENT OF ORGANIZATION 276111 SITS ON THE BOARD OF THE INDEPENDENT COLLEGE ENTERPRISE, A NON-PROFIT ORGANIZATION WHICH PROVIDES THE COLLEGE WITH ITS ADMINISTRATIVE SOFTWARE. ALL PRESIDENTS OF THE MEMBER SCHOOLS OF ICE MUST SIT ON THE ICE BOARD. 0 ROBERT VAUDREUIL CHAIRMAN OF BOARD OF DIRECTORS 16568 IS THE PRESIDENT AND A STOCKHOLDER OF THE PROTECTOR GROUP INSURANCE AGENCY, INC. WHO PROVIDES BROKERAGE SERVICES FOR NICHOLS COLLEGE'S EMPLOYEE BENEFITS INSURANCE AND SURETY BONDS. 0 X 1 0 original sculpture 0 0 0 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. Form 990, Part VI, Section B, line 12c 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 15 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 C, line 19 ALL FORMS ARE AVAILABLE ON REQUEST FROM THE BUSINESS OFFICE.