2011-02-15T12:30:33-06:00 2010-06-30 Meyers Brothers Kalicka PC 330 Whitney Ave Suite 800 Holyoke MA 01040 990 2009-07-01 042225850 COLLEGE OF OUR LADY OF THE ELMS COLL 4135942761 291 SPRINGFIELD STREET CHICOPEE MA 01013 BRIAN DOHERTY 4135942761 2011-02-15 1 RUDY M D'AGOSTINO 4135368510 2011-02-15 2009 2016-02-24 21:20:13Z BRIAN DOHERTY 291 SPRINGFIELD STREET CHICOPEE MA 01013 32503519 0 X WWW.ELMS.EDU X 1928 MA ASSIST STUDENTS IN THE PURSUIT OF ACADEMIC EXCELLENCE AND TRUTH BY OFFERING ENRICHING COURSES. 25 23 750 27 91865 -120359 3326451 5548057 24867159 25513653 8912 181522 473430 454849 28675952 31698081 9837934 10899129 0 10740290 10971875 0 1289161 7335261 7105196 27913485 28976200 762467 2721881 20580015 24078635 10382001 10577454 10198014 13501181 THE COLLEGE OF OUR LADY OF THE ELMS MISSION PROCLAIMS THE INTELLECTUAL TRADITION OF THE CATHOLIC CHURCH AND IN A SPIRIT OF ECUMENISM, IT WELCOMES STUDENTS, FACULTY AND STAFF OF OTHER TRADITIONS. THE COLLEGE TEACHES EDUCATION FOR LIFE WHICH IS ACCOMPLISHED BY DEVELOPING IN ITS STUDENTS THE CAPACITY FOR CRITICAL THINKING, THE ABILITY TO COMMUNICATE EFFECTIVELY, AN APPRECIATION OF THE ARTS AND HUMANITIES, AND AN UNDERSTANDING OF THE TECHNOLOGICAL BASIS OF MODERN SOCIETY. IT EXISTS FOR THE PURSUIT OF TRUTH; THE ACCURATE TRANSMISSION OF KNOWLEDGE; THE GENERAL WELL BEING OF SOCIETY; AND THE PERSONAL, SPIRITUAL, AND INTELLECTUAL DEVELOPMENT OF ITS STUDENTS. THE COLLEGE OFFERS LIBERAL ARTS COURSES THAT ASSIST STUDENTS WITH THEIR CAREER PREPARATION IN AN ENVIRONMENT THAT ENCOURAGES ACADEMIC FREEDOM. 0 0 24016957 10899129 22498601 THE COLLEGE IS DEVOTED TO EDUCATING MEN & WOMEN & HAS ADAPTED TO CHANGING TIMES BY DEVELOPING INNOVATIVE PROGRAMS DESIGNED TO PREPARE THEM FOR LEADERSHIP IN A WIDE VARIETY OF FIELDS. BOTH UNDERGRADUATE AND GRADUATE LEVEL EDUCATIONAL PROGRAMS ARE OFFERED THROUGHOUT THE YEAR. FULL TIME EQUIVALENT STUDENTS ARE 1,100 OVER 7 SEMESTERS DURING THE YEAR. 1223264 0 3015052 AUXILIARY SERVICES INCLUDE CAFETERIA AND OTHER FACILITIES PROVIDED FOR THE CONVENIENCE OF THE STUDENTS AND FACULTY. 25240221 1 1 0 0 0 0 1 1 1 1 1 1 1 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 53 0 750 1 1 1 1 CJ 0 0 0 0 0 0 0 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BRIAN DOHERTY 4135942761 291 Springfield StREET CHICOPEE MA 01013 ann m CALLAHAN 2.00 X X 0 0 0 LINDA KC MANSFIELD 2.00 X X 0 0 0 RICHARD BOURGEOIS 2.00 X 0 0 0 JAMES P CONNOR 2.00 X 0 0 0 CAROLYN CONNELLY 2.00 X 0 0 0 KATHI DONAHUE 2.00 X 0 0 0 BARBARA FAILLE SSJ 2.00 X 0 0 0 JOHN M FLYNN 2.00 X 0 0 0 WILLIAM FRAIN 2.00 X 0 0 0 GINA M GOLASH 2.00 X 0 0 0 CATHERINE HOMROK ssj 2.00 X 0 0 0 CAROLYN JACOBS 2.00 X 0 0 0 ATTY RICHARD J KOS 2.00 X 0 0 0 CYNTHIA LYONS 2.00 X 0 0 0 JOSEPH A MAROIS 2.00 X 0 0 0 WAYNE MCCARY 2.00 X 0 0 0 MARLENE M MUCHA SSJ 2.00 X 0 0 0 ATTY THOMAS D MURPHY JR 2.00 X 0 0 0 DAVID O'BRIEN 2.00 X 0 0 0 JASON OSTRANDER 2.00 X 0 0 0 MARY QUINN SSJ 2.00 X 0 0 0 JUDITH RIORDAN 2.00 X 0 0 0 KATHLEEN RIORDAN 2.00 X 0 0 0 JOAN SCHNEIDER SSJ 2.00 X 0 0 0 PAUL M STELZER 2.00 X 0 0 0 MARY REAP IHM-SEE SCHEDULE O 35.00 X 13977 0 0 BRIAN DOHERTY 35.00 X X 154981 0 17644 WALTER BREAU 35.00 X 143855 0 22178 312813 0 39822 2 0 1 0 ARAMARK CORPORATION PO BOX 33170 NEWARK NJ 07188 FOOD SERVICE 1170303 HEALTH NEW ENGLAND PO BOX 415425 BOSTON MA 02241 HEALTH INSURANCE 1140967 EBSCO INFORMATION SERVICES 30 PARK RD STE 2 TINTON FALLS NJ 07724 PUBLISHING COMPANY 125065 SISTERSSERVANT OF THE IMMACULATE HEART 1725 S SPROUL ROAD SPRINGFIELD PA 190641196 PURCHASED SERVICES 110864 4 2381807 3166250 62624 5548057 TUITION AND FEES 611310 22498601 22498601 ROOM, BOARD, BOOKS 611310 3015052 3015052 25513653 110877 110877 52021 52021 52021 52021 876083 805438 70645 70645 70645 WORK STUDY 611310 131431 131431 OTHER MISC INCOME 611310 99620 90326 -1515 10809 FITNESS CENTER-OUTSIDE 713940 69192 69192 102585 27230 24188 51167 402828 31698081 25762640 91865 295519 10855586 10855586 43543 43543 177155 177155 8876835 7641102 675811 559922 386230 321354 40336 24540 883845 697372 104147 82326 647810 548785 57969 41056 15134 15134 56100 56100 44922 36387 7637 898 378056 152328 32674 193054 144008 55879 21498 66631 1857062 1536995 236441 83626 38400 31104 6528 768 767902 622001 130543 15358 179855 159107 2288 18460 69136 52921 1105 15110 312610 175062 131296 6252 1175704 658394 493796 23514 166369 134759 28283 3327 EQUIPMENT RENTAL & MAIN 807527 658274 127092 22161 EDUCATIONAL 258357 258357 WORK STUDY EXPENSE 247735 206216 33182 8337 POSTAGE & SHIPPING 121809 73404 7353 41052 UNEMPLOYMENT/ TEMP HELP 116840 79991 35047 1802 347670 241300 25403 80967 28976200 25240221 2446818 1289161 56600 298432 250250 2694807 237908 348081 927971 987123 233396 342918 29755366 17870083 12104586 11885283 3474554 4921929 2947895 2327170 346855 272892 20580015 24078635 1288730 1598978 915152 1895567 2090000 1990147 174401 216240 4872531 3966502 1041187 910020 10382001 10577454 X 1998260 3239519 1133004 2986681 7066750 7274981 10198014 13501181 20580015 24078635 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48000 X X 0 0 1 5865540 565711 672326 41859 7061718 6995525 270332 -1379596 20721 5865540 0.98000 0.02000 1 0 109370 109370 10431990 4971716 5460274 7519381 3824315 3695066 8007719 6443150 1612569 3686906 2630902 1008004 11885283 FIXED INCOME INVESTMENTS 490488 F SILVERWARE & JEWELRY 22870 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 430048 F LIMITED PARTNERSHIPS 1383764 F 2327170 GRANTS REFUNDABLE 710788 ANNUITY OBLIGATIONS 105445 CAPITAL LEASES 93787 910020 31698081 28976200 2721881 545177 36109 581286 3303167 21383118 545177 2880 36109 584166 20798952 10899129 10899129 31698081 18079951 2880 2880 18077071 10899129 10899129 28976200 Part III, Line 4: DESCRIPTION OF COLLECTION: 33" X 20" WATERCOLOR BY ENRICO TARENGHI WITH VALUE OF $14,000 AND 40 ETCHINGS BY SEARS GALLAGHER WITH TOTAL VALUE OF $34,000. THE ARTWORK PROVIDES AN EXAMPLE OF HOLISTIC ENRICHMENT FOR THE STUDENTS AND PROMOTES THE CONCEPTS SET FORTH IN A LIBERAL ARTS COLLEGE. Part IV, Line 2b: ASSETS HELD FOR OTHERS REPRESENT FUNDS PLACED ON DEPOSIT BY EACH CLASS AND OTHER GROUPS WITH THE COLLEGE AS CUSTODIAN. Part V, Line 4: Description of Intended Use of Endowment Funds: ENDOWMENT FUNDS ARE HELD FOR STUDENT SCHOLARSHIPS, CONVOCATION AWARDS, AND TO SUPPORT LIBRARY AND EDUCATION DEPARTMENT OPERATIONS. Part XI, Line 8 - Other Adjustments: NET CHANGE ON INVESTMENTS HELD IN TRUST BY OTHERS: 36109. Part XII, Line 2d - Other Adjustments: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS: 36109. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS AND AWARDS: 10899129. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS AND GRANTS: 10899129. 1 1 1 THE SCHOOL'S STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ALL APPROPRIATE SCHOOL PUBLICATIONS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 6A: THE COLLEGE RECEIVES GOVERNMENT FINANCIAL ASSISTANCE TO PASS ON TO THE STUDENTS AS SCHOLARSHIPS. 1 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS 8043 SOUTH AMERICA 0 0 GRANTS 13000 EUROPE 0 0 GRANTS 6500 EAST ASIA AND THE PACIFIC 0 0 GRANTS 6000 SOUTH ASIA 0 0 GRANTS 10000 0 0 43543 CENTRAL AMERICA TO HELP FUND STUDENT SERVICE TRIPS 8043 WIRE TRANSFER 2 SCHOLARSHIP SOUTH AMERICA 1 13000 CREDIT TO TUITION BALANCE SCHOLARSHIP EUROPE 1 6500 CREDIT TO TUITION BALANCE SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 6000 CREDIT TO TUITION BALANCE SCHOLARSHIP SOUTH ASIA 1 10000 CREDIT TO TUITION BALANCE Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: DIRECT PAYMENT OF TUITION Method Used to Acccount for Expenditures: 1 SCHOLARSHIPS AND GRANTS 2659 7260858 FAMILY RATE/SIBLING DISCOUNT 50 71288 TRANSFER SCHOOL 200 425871 ELMS DEANERY AWARDS 90 552060 FEDERAL SEOG 408 41642 ELMS PHI 30 116000 ELMS NON-RENEWABLE GRANT 8 6060 GOVERNMENTAL APPROPRIATIONS 794 2381807 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: FINANCIAL AID DISBURSEMENTS ARE MADE TO STUDENTS QUALIFYING FOR FINANCIAL GRANTS AND ARE BASED ON DEMONSTRATED FINANCIAL NEED AS REPORTED THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSSFA) APPLICATIONS. THEY ARE MONITORED IN ACCORDANCE WITH FEDERAL REGULATIONS. X X X X 0 1 0 0 0 0 0 0 0 BRIAN DOHERTY 154981 0 0 0 0 0 17375 0 269 0 172625 0 0 0 WALTER BREAU 143855 0 0 0 0 0 7366 0 14812 0 166033 0 0 0 Part I, Line 4a BRIAN DOHERTY, $10,000 WAS ACCRUED ON HIS BEHALF. KATHI DONAHUE BOARD TRUSTEE 371184 KATHI DONAHUE IS THE SENIOR VICE PRESIDENT OF COMMERCIAL LENDING AT CHICOPEE SAVINGS BANK WHERE ELMS COLLEGE HAS BANK DEBT. 0 JOSEPH MAROIS BOARD TRUSTEE 228530 THE COLLEGE UTILIZED A CONSTRUCTION FIRM OWNED BY JOSEPH MAROIS. 0 X 21974 FAIR MARKET VALUE X 2 40650 PUBLISHED MARKET QUOTES 0 0 0 0 Form 990, Part VI, Section B, line 11 THE COLLEGE'S CPA FIRM PREPARES THE FORM 990 WHICH IS INITIALLY PROVIDED IN DRAFT FORM TO THE COLLEGE'S V.P. OF FINANCE AND ADMINISTRATION FOR REVIEW. ONCE THIS PROCESS IS COMPLETE, THE FORM 990 IS THEN PROVIDED TO THE COLLEGE'S AUDIT COMMITTEE FOR ITS REVIEW AND RECOMMENDATIONS. THE RETURN IS THEN PLACED ON A SECURE WEBSITE FOR THE BOARD MEMBERS TO REVIEW PRIOR TO THE FORM 990 BEING FILED. Form 990, Part VI, Section B, line 12c COPIES OF THE CONFLICT OF INTEREST POLICY ARE DISTRIBUTED TO ALL BOARD MEMBERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES. THEY ARE REQUIRED TO MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF THEIR INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON ANY CONFLICTED TRANSACTION. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING ON ANY RELATED ISSUES. Form 990, Part VI, Section B, line 15 ELMS COLLEGE'S PROCESS FOR DETERMINING COMPENSATION OF ITS PRESIDENT AND SENIOR MANAGEMENT OFFICIALS INCLUDES A MARKET ANALYSIS USING COMPENSATION SURVEYS FROM PROFESSIONAL ORGANIZATIONS SUCH AS SHRM AND CUPA, AS WELL AS THE DOL'S BUREAU OF LABOR STATISTICS DATA FOR SALARIES IN THE 25-50% PERCENTILE FOR COLLEGES SIMILAR TO ELMS. THIS INFORMATION IS ANALYZED AND COMPARED TO ELMS COLLEGE MANAGEMENT BASED ON JOB TITLE, JOB DESCRIPTION AND JOB EXPERIENCE TO DETERMINE WHETHER SALARY LEVELS ARE IN LINE WITH OTHER COLLEGES. USING COMPARABILITY DATA AS A BENCHMARK, THE PRESIDENT'S SALARY IS THEN DETERMINED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SENIOR MANAGEMENT SALARIES ARE EVALUATED AND APPROVED BY THE PRESIDENT BASED ON THE COMPARABILITY DATA AS WELL AS ANNUAL PERFORMANCE REVIEWS. THEY ARE THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR APPROVAL. ANY COMPENSATION CHANGES ARE MADE IN WRITING ON A PERSONNEL ACTION FORM OR CONTRACT WHICH IS SIGNED AND FORWARDED TO HUMAN RESOURCES. Form 990, Part VI, Section C, line 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE BUSINESS OFFICE. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE BUSINESS OFFICE. PART VII, LINE 1A: SISTER MARY REAP,THE COLLEGE PRESIDENT, IS NOT DIRECTLY COMPENSATED BY THE COLLEGE IN KEEPING WITH HER VOW OF POVERTY. THE COLLEGE PAYS HER ORDER, THE CONGREGATION OF THE SISTERS, SERVANTS OF IMMACULATE HEART OF MARY (IHM). PART XI-LINE 2C: CHANGE IN AUDIT COMMITTEE OVERSIGHT PROCESS & SELECTION OF INDEPEND. ACCOUN THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THE FRIENDS OF ELMS COLLEGE INC 291 SPRINGFIELD STREET CHICOPEE MA 01013 208196902 TO SOLICIT, HOLD AND ADMINISTER FUNDS ON BEHALF OF THE COLLEGE. MA 501(C)(3) SUPPORTING ORG 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 THE FRIENDS OF ELMS COLLEGE INC-CASH PAID ON PLEDGE B 50000