2011-05-03T14:36:04-04:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 042108376 WESTERN NEW ENGLAND COLLEGE WEST 4137821288 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 WILLIAM KELLEHER 2011-04-05 6179881000 2009 2016-02-24 21:20:13Z ANTHONY CAPRIO 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 172298247 false X WWW.WNEC.EDU X 1951 MA WESTERN NEW ENGLAND COLLEGE IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING AND LAW. 39 35 2471 675 0 0 2708804 4227443 110352384 113664114 -1020624 923422 1269217 842849 113309781 119657828 25604500 27777350 0 0 54998196 56676248 8568 1849 1251572 28987287 29480164 109598551 113935611 3711230 5722217 155712119 206437049 65082428 106126026 90629691 100311023 WESTERN NEW ENGLAND COLLEGE IS A PRIVATE EDUCATIONAL INSTITUTION WHICH AWARDS UNDERGRADUATE, MASTER, AND DOCTORAL DEGREES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING AND LAW. SEE SCHEDULE O false false 611710 65553058 23395902 72228026 FULL- AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY SERVE MORE THAN 2,700 STUDENTS FROM MORE THAN 25 STATES, THE DISTRICT OF COLUMBIA, AND SEVERAL FOREIGN COUNTRIES AND U.S. TERRITORIES OR COMMONWEALTHS, INCLUDING PUERTO RICO. STUDENTS ARE OFFERED THE OPPORTUNITY TO STUDY IN APPROXIMATELY 60 MAJOR CONCENTRATIONS. APPROXIMATELY 600 UNDERGRADUATE DEGREES ARE AWARDED ANNUALLY. 611710 17342680 4381448 21946118 THE COLLEGE OFFERS A VARIETY OF PART-TIME GRADUATE PROGRAMS IN ALL THREE SCHOOLS & AN ABA ACCREDITED LAW SCHOOL WITH BOTH FULL- AND PART-TIME STUDENTS. PART-TIME PROGRAMS ARE DESIGNED AROUND THE NEEDS OF WORKING MEN AND WOMEN INCLUDING MASTER'S DEGREE OPPORTUNITIES FOR EDUCATIONAL, BUSINESS, ACCOUNTING, AND ENGINEERING PROFESSIONALS. 611710 15978479 19489971 THE COLLEGE OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 2,000 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR. OVER THE LAST DECADE, THE COLLEGE HAS CONTINUALLY ADDED TO ITS RESIDENCE HALL STOCK AND RENOVATED EXISTING HALLS. 98874217 true true false true false false false false true true true false true false true false true false true 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 195 0 true 2471 true false true NT false false false true true false false false 39 35 false false false false false false false true true false false true true true true true true true true false MA X X WILLIAM J KELLEHER 4137821219 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 OLALEKAN A ADEOYIN 1.0 X 0 0 0 THOMAS R BURTON 1.0 X 0 0 0 DONALD G CAMPBELL 1.0 X 0 0 0 ROBERT H CARNEVALE 1.0 X 0 0 0 ROBERT W CLARKE 1.0 X 0 0 0 NORMA L COLACCINO 1.0 X 0 0 0 TIMOTHY P CRIMMINS JR 1.0 X 0 0 0 WILLIAM E DUPUIS 1.0 X 0 0 0 ROCCO J FALCONE II 1.0 X 0 0 0 FRANK P FITZGERALD 1.0 X 0 0 0 RONALD G GOULET 1.0 X 0 0 0 BRUCE F HAMBRO 1.0 X 0 0 0 MARSHALL A HART 1.0 X 0 0 0 ANDREW T HENSHON 1.0 X 0 0 0 STEVEN P KITROSSER 1.0 X 0 0 0 RONALD P LALLI 1.0 X 0 0 0 LUCIE LAPOVSKY 1.0 X 0 0 0 BARBARA A LENK 1.0 X 0 0 0 AMY B LEWIS 1.0 X 0 0 0 EDWIN W LINDSAY 1.0 X 0 0 0 KIM A MACLEOD 1.0 X 0 0 0 JOHN M MITCHELL 1.0 X 0 0 0 FREDERICK V MOTTLE 1.0 X 0 0 0 CARMEN G NEUBERGER 1.0 X 0 0 0 WAH SING NG 1.0 X 0 0 0 JOHN M O'BRIEN III 1.0 X 0 0 0 LINDA M L PETERS 1.0 X 0 0 0 ROBERT E SALAD 1.0 X 0 0 0 ANN M SEELEY 1.0 X 0 0 0 CHRISTOPHER A SERVICE 1.0 X 0 0 0 PETER C STEINGRABER 1.0 X 0 0 0 BRIAN P TRELEASE 1.0 X 0 0 0 JAMES E TREMBLE 1.0 X 0 0 0 ROGER W WADE 1.0 X 0 0 0 ANTHONY S CAPRIO 40.0 X X 1111205 0 79433 KEVIN S DELBRIDGE 1.0 X X 0 0 0 ALFRED A LARIVIERE 1.0 X X 0 0 0 KENNETH M RICKSON 1.0 X X 0 0 0 MICHAEL A SERAFINO 1.0 X X 0 0 0 ARTHUR R GAUDIO 40.0 X 255178 0 34643 JERRY A HIRSCH 40.0 X 213757 0 29992 WILLIAM J KELLEHER 40.0 X 200320 0 25158 WILLIAM G BAKER 40.0 X 236874 0 30034 S HOSSEIN CHERAGHI 40.0 X 190615 0 30198 ERIC J GOUVIN 40.0 X 185734 0 29665 EVAN T ROBINSON 40.0 X 189814 0 30479 FREDERICK D ROYAL 40.0 X 230624 0 33999 DAVID P KRUGER 40.0 X 106358 0 27190 2920479 0 350791 90 true true false TESSIER ASSOCIATES INC TOWER SQUARE 250 1500 MAIN STREET SPRINGFIELD MA 01115 ARCHITECTS 2286756 KPMG LLP TWO FINANCIAL CTR 60 SOUTH ST BOSTON MA 02115 ACCOUNTING AND TAX 100100 2 73503 1925685 2228255 780336 4227443 TUITION AND FEES 611710 94140158 94140158 AUXILIARY SALES AND SERVICES 611710 19251386 19251386 INTEREST ON STUDENT LOANS 611710 120239 120239 SPONSORED RESEARCH 611710 152331 152331 113664114 716797 0 716797 0 0 0 0 0 0 0 52796261 0 52589636 206625 0 206625 206625 38219 73503 50783 -12564 -12564 0 0 0 EVENTS REGISTRATION 611710 108273 108273 STUDENT FUNDRAISER INCOME 611710 180795 180795 FACILITIES USAGE 611710 64971 64971 501374 501374 855413 119657828 113664114 0 1766271 0 27605284 27605284 172066 172066 0 1949561 1910327 39234 0 41024689 34418399 5999278 607012 3218639 2633647 532713 52279 7430955 6055346 1154875 220734 3052404 2497625 505200 49579 0 20458 20458 110250 110250 82701 82701 1849 1849 0 4886708 4882972 3736 1415430 674730 669843 70857 4830866 4380296 378295 72275 225087 86110 130155 8822 0 3423379 3135128 288251 1282197 1150684 115464 16049 0 2109763 1785516 308231 16016 2052358 1947025 105333 0 6826556 5961809 856819 7928 372789 89988 282801 MAINTENANCE AND REPAIRS 1162662 840867 321795 EQUIPMENT 24763 23503 973 287 MEMBERSHIP & DUES 198383 114240 80718 3425 IMPROVEMENTS 60612 58242 2370 ATHLETICS EVENTS EXPENSE 104775 104775 290427 255965 31937 2525 113935611 98874217 13809822 1251572 17060900 14072903 952284 616158 1230824 1731720 5622639 5694391 76666 97373 2301448 3291785 181658483 68212797 91466444 113445686 11870691 13296987 23627449 26641648 1502774 27548398 155712119 206437049 11047730 10681713 2962162 2962162 4004262 3730455 45104267 87005371 1964007 1746325 65082428 106126026 X 71895055 81079286 2630937 2612964 16103699 16618773 90629691 100311023 155712119 206437049 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82701 82701 98791515 98874216 1000000 250000 1000000 1000000 2000000 3000000 128 82701 82829 250000 250000 500000 750000 POLITICAL CAMPAIGN OR DIRECT LOBBYING ACTIVITIES PART II-A, LINE 1 WESTERN NEW ENGLAND COLLEGE PAID MCALLISTER & QUINN, LLC $80,982 FOR LOBBYING ACTIVITIES DURING ITS FISCAL YEAR ENDED JUNE 30, 2010. SOME OF THE COLLEGE'S MEMBERSHIPS (E.G. ASSOCIATION OF AMERICAN COLLEGES & UNIVERSITIES, COUNCIL OF HIGHER EDUCATION ACCREDITATION, ASSOCIATION OF INDEPENDENT COLLEGE AND UNIVERSITIES IN MASSACHUSETTS, GREATER SPRINGFIELD CHAMBER OF COMMERCE, WESTERN MASSACHUSETTS ECONOMIC DEVELOPMENT COUNCIL, ETC.) INCLUDE SOME LOBBYING ACTIVITIES TOWARDS THE PROMOTION OF HIGHER EDUCATION CONCERNS OR REGIONAL ECONOMIC DEVELOPMENT; HOWEVER, NONE OF THESE LOBBYING ACTIVITIES ARE SPECIFIC TO THE COLLEGE. THE PRESIDENT AND VARIOUS EMPLOYEES ATTEND FUNCTIONS WHERE THEY ARE IN CONTACT WITH ELECTED OFFICIALS AND ON OCCASION ELECTED OFFICIALS ARE INVITED TO CAMPUS (E.G. THE MAYOR OF SPRINGFIELD FOR A COLLEGE GROUND BREAKING EVENT). NONE OF THESE ACTIVITIES WERE POLITICAL CAMPAIGN FUNDRAISERS NOR DID ANY LOBBYING TAKE PLACE. AT TIMES THE CHAMBER OF COMMERCE WILL HAVE A PETITION AND ASK FOR SIGNATURES OF A POLITICAL OR LOBBYING NATURE. THOSE REPRESENTING THE COLLEGE DECLINE SUCH PETITIONS. 30918830 626660 3950190 2047889 54829 126400 33266562 40956419 398930 -8046379 2197394 41229 151517 30918830 0.44000 0.56000 0.00000 false false 4525765 4525765 154695810 52539720 102156090 22436908 15673077 6763831 113445686 EQUITY MUTUAL FUNDS 14762673 F HEDGE MUTUAL FUNDS 11028390 F FOR OTHERS 667934 F OTHER NON-POOLED 182651 F 26641648 DEPOSITS UNDER BOND INDENTURE 27548398 27548398 0 DEPOSITS 437159 ASSETS HELD BY OTHERS 1275181 DEFERRED REVENUE 33985 1746325 119657828 113935611 5722217 3885756 73358 3959114 9681331 123478112 3885756 73358 3959114 119518998 138830 138830 119657828 113796781 113796781 138830 138830 113935611 ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO CLARIFY, IN WRITING, ANY AMBIGUITY ON GIFTS TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. 56% OF THE COLLEGE'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE COLLEGE WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. THE MAJORITY OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS (99%) ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD-APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2010 WAS 6.03%. RECONCILIATION OF CHANGE IN NET ASSETS FROM FORM 990 PART XI, LINE 8 CHANGE IN SPLIT INTEREST AGREEMENTS $73,358 OTHER AMOUNTS INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON FORM 990 PART XII, LINE 2D CHANGE IN SPLIT INTEREST AGREEMENTS $73,358 true true true WESTERN NEW ENGLAND COLLEGE'S NONDISCRIMINATION POLICY IS SPECIFICALLY STATED IN THEIR BY-LAWS AND IS INCLUDED IN ALL PRINTED MATERIALS. true true true true false false false false false false false false true false THE ORGANIZATION RECIEVES ASSISTANCE FROM A GOVERNMENTAL AGENCY. SEE SCHEDULE B. true true Europe (Including Iceland and Greenland) Program Services UNDERGRAD EDUCATION 285398 Sub-Saharan Africa Program Services UNDERGRAD EDICATION 69740 East Asia and the Pacific Program Services UNDERGRAD EDUCATION 45883 Central America and the Caribbean Investments 401021 SCHOLARSHIP FOR STUDY ABROAD STUDENTS Europe/Iceland/Greenland 25 121309 SCHOLARSHIP FOR STUDY ABROAD STUDENTS East Asia/Pacific 12 44260 SCHOLARSHIP FOR STUDY ABROAD STUDENTS South America 1 823 SCHOLARSHIP FOR STUDY ABROAD STUDENTS Sub-Saharan Africa 2 3061 SCHOLARSHIP FOR STUDY ABROAD STUDENTS Middle East/North Africa 1 625 SCHOLARSHIP FOR STUDY ABROAD STUDENTS South Asia 2 1988 MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. PART I, LINE 2 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 AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND THIS IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED TO EACH DRAW DOWN. ATLETICS GOLF 64880 47450 17430 27076 ALUMNI GOLF 19546 10662 8884 8884 1 27296 15392 11904 14822 111722 73504 38218 50782 50782 -12564 true INTERNAL SCHOLARSHIPS 2469 26571346 COLLEGE WORK STUDY 797 789231 SEOG FINANCIAL AID 105 244707 MONITOR THE USE OF GRANTS FUND IN U.S. PART I, LINE 2 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 AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. AS STUDENTS COMPLETE THEIR REQUIREMENTS FOR RECEIVING AID, WEEKLY TRANSMITTALS ARE RUN AND STUDENTS, WITH THE PROPER CODING ARE SELECTED TO RECEIVE AID. THE TRANSMITTAL GENERATES A LISTING OF EACH AWARD, BY TYPE WITH TOTALS, AND THIS IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FEDERAL AWARDS AND GRANTS ARE VERIFIED TO A RECEIVABLE IN THE GENERAL LEDGER THAT IS RECORDED FROM AN AUTHORIZATION LETTER AND TO THE AVAILABLE BALANCE IN THE G5 PAYMENT MANAGEMENT SYSTEM. IF THE AVAILABLE BALANCE IS SUFFICIENT, THE FUNDS ARE DRAWN DOWN THROUGH THE G5 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUNDS CHECKING ACCOUNT. A BANK ACH REPORT IS GENERATED TO VERIFY THAT THE FUNDS ARE RECEIVED. THE GENERAL LEDGER ACCOUNTS ARE VERIFIED TO GRANTS BY TYPE ON THE FINANCIAL AID SYSTEM AND BILLING TRANSACTIONS ON THE BILLING FILE. THESE SYSTEMS ARE RECONCILED TO EACH DRAW DOWN. X X true true X X X false true false false false false false false false ANTHONY S CAPRIO 388263 0 100000 0 622942 0 21600 0 57833 0 1190638 0 584442 0 ARTHUR R GAUDIO 237108 0 0 0 18070 0 21600 0 13043 0 289821 0 0 0 JERRY A HIRSCH 205218 0 0 0 8539 0 17078 0 12914 0 243749 0 0 0 WILLIAM J KELLEHER 178320 0 0 0 22000 0 18156 0 7002 0 225478 0 0 0 WILLIAM G BAKER 216899 0 0 0 19975 0 21483 0 8551 0 266908 0 0 0 S HOSSEIN CHERAGHI 180884 0 0 0 9731 0 17515 0 12683 0 220813 0 0 0 ERIC J GOUVIN 166735 0 0 0 18999 0 17099 0 12566 0 215399 0 0 0 EVAN T ROBINSON 178021 0 0 0 11793 0 17690 0 12789 0 220293 0 0 0 FREDERICK D ROYAL 218837 0 0 0 11787 0 21217 0 12782 0 264623 0 0 0 DAVID P KRUGER 67858 0 0 0 38500 0 9311 0 17879 0 133548 0 0 0 BENEFITS PART I, LINE 1A AND 1B THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE AND IS REIMBURSED FOR SNOW REMOVAL AND LAWN CARE. THE PRESIDENT SUBMITS RECEIPTS AND IS REIMBURSED FOR HIS SNOW REMOVAL AND LAWN CARE EXPENSES THROUGH ACCOUNTS PAYABLE. THE INFORMATION IS REPORTED TO PAYROLL AND IS ADDED TO HIS COMPENSATION AND TAXED ACCORDINGLY. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES THE SNOW REMOVAL AND LAWN CARE EXPENSE REIMBURSEMENT; THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. ALSO THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A MEMBERSHIP TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE INSTITUTION; THUS, THE COLLEGE PAYS FOR A MEMBERSHIP AND RELATED EXPENSES TO ONE SOCIAL CLUB. THE MEMBERSHIP AND RELATED EXPENSES ARE FOR USE OF COLLEGE BUSINESS ONLY AND ARE PAID THROUGH ACCOUNTS PAYABLE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS AND APPROVES ALL EXPENSES RELATING TO THIS. THESE EXPENSES ALSO GO THROUGH THE NORMAL REVIEW AND APPROVAL PROCESS THAT ALL PAYMENTS ARE SUBJECT TO. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4B ANTHONY S. CAPRIO - $584,442 AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN B(III) OTHER TAXABLE COMPENSATION. PART II COLUMN F THE AMOUNT REPORTED FOR THE PRESIDENT, ANTHONY S. CAPRIO, IN COLUMN F, $584,442 REPRESENTS THE AMOUNT FROM A DEFERRED COMPENSATION/RETIREMENT PLAN THAT BECAME VESTED IN DR. CAPRIO IN 2010. THE AMOUNT HAD ALREADY BEEN REPORTED IN PRIOR ANNUAL FORM 990 FILINGS AND IS REPORTED AGAIN IN TOTAL THIS YEAR SINCE THE ACCOUNT IS NOW VESTED AND HAS BEEN PAID TO DR. CAPRIO. THE AMOUNT IN COLUM F IS TAXABLE IN THE CURRENT YEAR AND ALSO INCLUDED IN COLUMN B(III). THE ACTUAL AMOUNT OF OTHER REPORTABLE COMPENSATION IN COLUMN (III) EARNED DURING THE CURRENT YEAR IS $38,500. MDFA - SERIES 2005 043431814 57583RDQ5 2005-10-19 39232453 REFUND ISSUES 7/8/98 & 12/13/00 true false MDFA - SERIES 2008 043431814 2008-05-29 5000000 CONSTRUCTION- LAW SCHOOL ADDITION false false MDFA - SERIES 2009 043431814 2009-11-09 43000000 CONSTRUCTION OF NEW ACADEMIC BLDG false false 37793892 0 17072142 0 1438591 0 0 2002 true false true true 4925681 0 0 0 74319 0 5000745 2008 false false true true 42770000 0 0 25995587 230000 0 16774413 2011 false false false true false true false false true false false false false 0.00140 0.00000 0.00140 true false false false false 0.00000 0.00000 0.00000 true false false false true AIG MATCHINF FUNDING false false false true false false false false false false JD RIVET CO B. HAMBRO - TRUSTEE 149225 CONSTRUCTION MATERIALS false VALLEY COMMUNICATIONS J. TREMBLE - TRUSTEE 101782 AV EQUIPMENT false PEOPLE'S UNITED BANK T. CRIMMONS - TRUSTEE 43000000 BOND ISSUANCE false X 2 2850 EST. MARKET VALUE X 1800 EST. MARKET VALUE X 14 52286 AVERAGE MARKET VALUE X EQUIPMENT 2 146000 EST. RETAIL VALUE X SOFTWARE 1 570000 INVOCE/EST RETAIL X GIFT CARDS 1 2500 CASH VALUE X CONFERENCE EXPENSE 1 900 EST. RETAIL VALUE 0 false true true NONCASH CONTRIBUTIONS PART I, LINE 32A ALL CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES ARE COLLECTED AND SOLD BY A THIRD PARTY, RAYMOND JAMES & ASSOCIATES, INC. ORGANIZATION'S MISSION STATEMENT FORM 990, PART III, LINE 1 WHO WE ARE: WESTERN NEW ENGLAND COLLEGE, A COMPREHENSIVE PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES IN VARIOUS DEPARTMENTS FROM AMONG OUR SCHOOLS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY*. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATIONS AT THE HIGHEST LEVELS IN LAW, BUSINESS, ENGINEERING, AND SOCIAL WORK, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THE VAST MAJORITY OF UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY, AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND DEVELOPS LEADERS AND PROBLEM SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE POSITIONED WELL TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. OUR CORE VALUES: EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP, UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. STUDENT-CENTERED LEARNING, PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. A SENSE OF COMMUNITY, TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. CULTIVATION OF A PLURALISTIC SOCIETY, CELEBRATING THE DIVERSITY OF OUR COMMUNITY, LOCALLY AND GLOBALLY, AND CREATING A COMMUNITY THAT FOSTERS TOLERANCE, INTEGRITY, ACCOUNTABILITY, CITIZENSHIP, AND SOCIAL RESPONSIBILITY. INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION, CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE, PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. STEWARDSHIP OF OUR CAMPUS, CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. OUR VISION FOR APPROACHING OUR SECOND CENTURY: IN 2019 WESTERN NEW ENGLAND WILL CELEBRATE ITS CENTENNIAL AS AN INSTITUTION OF HIGHER EDUCATION. OUR FOCUS WILL CONTINUE TO BE ON THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF A DIVERSE AND GLOBAL SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. OUR NEXT DECADE WILL BE MARKED BY A CONTINUED DEDICATION TO EXCELLENCE, VISIONARY THINKING, FLEXIBILITY, AND ENTREPRENEURIAL SPIRIT. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF REGIONAL LEADERSHIP AND NATIONAL RECOGNITION. *PENDING APPROPRIATE APPROVALS FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11A THE TRUSTEE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH THE COLLEGE'S SECURE ONLINE WEBSITE. THE ENTIRE RETURN IS AVAILABLE THROUGH THE SECURE ONLINE WEBSITE AND THE COMMITTEE HAS THE OPPORTUNITY TO DISCUSS THE RETURN IN AN OPEN FORUM THAT IS VIEWED BY ALL. ONCE THE COMMITTEE REVIEWS THE RETURN TO ENSURE COMPLIANCE WITH FILING REQUIREMENTS, THE FULL BOARD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE COLLEGE ASKS BOTH TRUSTEES AS WELL AS ADMINISTRATIVE EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE TRUSTEES' STATEMENTS ARE REVIEWED BY IN-HOUSE COUNSEL. IF ANY ISSUES AND/OR CONCERNS ARE FOUND, THE IN-HOUSE COUNSEL BRINGS THE MATTER FORWARD, AS APPROPRIATE, TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS NECESSARY. EACH YEAR ALL ADMINISTRATIVE STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE FORWARDED TO THE HUMAN RESOURCE DEPARTMENT FOR REVIEW. ANY POTENTIAL CONFLICTS ARE BROUGHT FORWARD AS APPROPRIATE. COMPENSATION FORM 990, PART VI, LINE 15A & 15B 15A. THE COMPENSATION REVIEW FOR THE PRESIDENT WAS DONE THOUGH AN AD HOC COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY, AND TWO OTHER MEMBERS. THE COMPENSATION IS MEASURED AGAINST THE PERFORMANCE OF THE PRESIDENT. SEVERAL SALARY COMPARISONS TO SIMILAR INSTITUTIONS WERE USED IN DETERMINING THE COMPENSATION PACKAGE. THE AD HOC COMPENSATION COMMITTEE RECOMMENDS AN INCREASE TO THE EXECUTIVE COMMITTEE. THE MEMBERS OF THE TRUSTEES' EXECUTIVE COMMITTEE VOTES ON THE INCREASE OF THE COMPENSATION PACKAGE. THE EXECUTIVE COMMITTEE REPORTS THEIR VOTE TO THE FULL BOARD. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF EVALUATION. THE MINUTES OF THE COMPENSATION AND EXECUTIVE COMMITTEES ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THESE MINUTES, WITH MOTIONS FOR COMPENSATION PACKAGES, ARE MAILED TO ALL TRUSTEES. 15B. THE COMPENSATION FOR OFFICER AND KEY EMPLOYEES WAS MOST HEAVILY MEASURED AGAINST PERFORMANCE OF THE INDIVIDUALS AND THE PUBLISHED SALARY DOCUMENTATION FOR THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE DATA OF INSTITUTIONS WITHIN THE SAME CATEGORY AS THE COLLEGE. THE CUPA COMPARISON WAS DONE IN CONJUNCTION WITH A "COMPETITIVE ASSESSMENT OF EXECUTIVE COMPENSATION" REPORT BASED ON A STUDY BY PEARL, MEYER & PARTNERS COMPLETED FOR THE BOARD OF TRUSTEES IN DECEMBER 2006. SINCE THE STUDY WAS PERFORMED THERE HAS BEEN AN EFFORT TO BRING STAFF TO THE LEVELS OUTLINED IN THIS ASSESSMENT. THE PRESIDENT DETERMINES THE INCREASE BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA; HE REPORTS THE SALARY LEVELS OF KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. PUBLIC DISCLOSURE FORM 990, PART VI, LINE 19 THE IRS FORM 990 IS AVAILABLE UPON REQUEST FORM THE COLLEGE. IT IS POSTED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS, ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE COLLEGE'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THIS OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE COLLEGE'S WEBSITE. THE JOLICOEUR FREEDOM CHARITABLE TRUST 1215 WILBRAHAM ROAD SPRINGFIELD MA 011192684 046794820 CHARITABLE TRUST MA NA TRUST 0 191841 1.00000 IRL O BROWN JR CRAT 1215 WILBRAHAM ROAD SPRINGFIELD MA 011192684 030531635 CHARITABLE TRUST FL NA TRUST 0 103380 1.00000 false false false false false false false false false false false false false false false false false false