2011-05-11T09:38:28-05:00 2010-06-30 CBIZ Tofias 350 Massachusetts Avenue Cambridge MA 02139 990 2009-07-01 042103585 LASELL COLLEGE LASE 6172432101 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 Michael J Hoyle Ph D 6172432100 2011-05-02 1 JOSEPH M GISO MST 6177610600 2011-04-29 2009 2016-02-24 21:20:13Z Michael B Alexander 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 60751306 0 X WWW.lasell.edu X 1851 MA Lasell College integrates challenging coursework with practical experience in an environment that fosters lifelong intellectual exploration, active citizenship and social responsibility. Our students are given the opportunity to practice and prepare for the real world through a project-based and problem-based approach to teaching, through exposure to diverse cultures and peoples, through the development of critical skills such as writing and speaking in front of groups, and through confrontation with ethical and moral questions. 22 21 932 266 0 0 1971763 4382380 48281257 55111483 637296 616422 22524 58242 50912840 60168527 13979250 17070143 0 18432980 19920394 73101 73240 1359327 16315932 18205799 48801263 55269576 2111577 4898951 90731654 97013671 55126123 55810822 35605531 41202849 Lasell College integrates challenging coursework with practical experience in an environment that fosters lifelong intellectual exploration, active citizenship and social responsibility. 0 0 47471065 17070143 53050813 Lasell College is a comprehensive coeducational college which offers professionally oriented Bachelor's and Master's degree programs, including more than 25 academic majors.Our students are given the opportunity to practice and prepare for the real world through a project-based and problem-based approach to teaching, through exposure to diverse cultures and peoples, through the development of critical skills such as writing and speaking in front of groups, and through confrontation with ethical and moral questions.Lasell College is known for helping students make the connection between classroom lessons and real life through hands-on activities such as internships, practica, service learning, and meaningful projects. Connected learning at Lasell College involves students directly and actively in the fields they are learning. In all majors, students explore real issues, events, problems, and solutions. Lasell College faculty are committed to creatively integrating challenging coursework with practical experience in an environment that fosters lifelong intellectual exploration, active citizenship and social responsibiltiy.**Number of students in 2009-2010 school year: Fall 2009 semester: Undergraduate 1504 Full-time, 16 part-time; Graduate 31 full-time, 110 part-time. Spring 2010 semester: Undergraduate 1431 Full-time, 22 part-time; Graduate 37 full-time, 111 part-time. Our students represent 22 states and 13 foreign countries. 1087066 1964549 Provided management and educational services and leased land to Lasell Village, Inc., a tax-exempt affiliate, functions that are integral to the conduct of the exempt functions of Lasell Village, Inc. 88409 96120 Provided facilities for other educational organizations to conduct educational programs and to provide housing to students. 48646540 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 78 0 1 932 1 0 0 0 0 0 0 0 0 0 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Michael J Hoyle Ph D VP for Bus 6172432100 1844 commonwealth avenue newton MA 024662709 Eric M Turner 1.00 X 0 0 0 RoseMary B Fuss 1.00 X 0 0 0 Marisa L Mascaro 1.00 X 0 0 0 Susan Hass 1.00 X 0 0 0 Erik J Stapper 1.00 X 0 0 0 Keith D Bilezerian 1.00 X 0 0 0 Richard K Blankstein 1.00 X 0 0 0 Rena Clark 1.00 X 0 0 0 Nancy Curtis Grellier 1.00 X 0 0 0 Helena Bentz Hartnett 1.00 X 0 0 0 Kathleen Hegenbart 1.00 X 0 0 0 Lemuel S Lanier 1.00 X 0 0 0 John F Leonard 1.00 X 0 0 0 Michael Maggiacomo 1.00 X 0 0 0 John Maguire 1.00 X 0 0 0 Susan Moran 1.00 X 0 0 0 Ellen Offner 1.00 X 0 0 0 John V Pilitsis 1.00 X 0 0 0 Elisse Allinson Share 1.00 X 0 0 0 Adelaide S Van Winkle 1.00 X 0 0 0 Kathryn West 1.00 X 0 0 0 Judith B Wittenberg 1.00 X 0 0 0 Michael B Alexander 40.00 X 268498 0 35337 Dr Michael J Hoyle VP 40.00 X 169290 0 10093 Pamela Faria 40.00 X 87938 0 21435 Kathleen O'Connor 40.00 X 183519 0 20654 James OStrow 40.00 X 158533 0 30837 Dr Paula Panchuck vp 40.00 X 156948 0 21103 Ruth Shuman 40.00 X 131881 0 17843 Thomas Koerber 40.00 X 128253 0 17029 Sandra Weston 0.00 X 250 0 0 1284860 0 174331 11 0 1 0 Sodexo Inc 9801 Washingtonia Blvd Gaithersburg MD 20878 food/housekeeping services 3628052 Metric Construction Corp 55 Henshaw St Boston MA 02135 Construction Services 1900324 D&S Landscaping 498 Pleasant St Watertown MA 02472 Landscape Services 433917 Metro West Contracting Corp 6 Beaumonts Pond Drive Foxboro MA 02035 Construction Services 421218 Perkins Eastman Architects PC 115 Fifth Ave New York NY 10003 Architectural Services 394103 10 572168 3810212 155526 4382380 Tuition, Fees and forf 611310 38695389 38695389 Room, board and relate 611310 12887172 12508926 378246 Mgmt fee/rent from tax 561499 1964549 1964549 Connected learning/edu 611710 1373359 1373359 other program service 611710 191014 175516 15498 55111483 596719 596719 50794 38189 12605 12605 12605 560429 540726 19703 19703 19703 25099 3864 21235 21235 Miscellaneous Income 900099 24402 24402 24402 60168527 54717739 0 1068408 17070143 17070143 637232 637232 15928505 12161885 2978452 788168 665937 511367 116556 38014 1493705 1020766 399112 73827 1195015 892363 248095 54557 189706 189706 101214 101214 38334 38334 73240 73240 771106 337326 421402 12378 310730 292640 18090 1496063 978202 414578 103283 418348 54039 351939 12370 3903986 218030 3685406 550 561627 425448 114529 21650 65451 49347 13345 2759 2234289 2183905 45434 4950 3068752 2668423 356876 43453 427879 9138 418741 Cafeteria Food service 2242402 2242402 other expenses 2061343 1597558 386461 77324 annuity payments 314569 314569 allocation of operation 0 5933558 -5986362 52804 55269576 48646540 5263709 1359327 26226 25566 5712948 8297632 122168 2144970 198318 189366 202914 471621 88579782 30126086 57249199 58453696 4034433 1564803 20106841 22630948 437457 477177 2641150 2757892 90731654 97013671 3714332 3262154 3545820 3699458 42524013 39132800 2805687 5341958 6910723 55126123 55810822 X 26782789 29997343 1692402 3917702 7130340 7287804 35605531 41202849 90731654 97013671 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 38334 0 1 227 38561 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: The president of the organization visited federal offices in washington d.c. The amounts listed are the expenses associated with the visit. 20479228 487140 2713194 48683 831420 211295 22588164 24891168 851858 -4244603 46530 753961 218704 20479228 0.60880 0.32230 0.06890 0 0 1235118 1235118 72768048 21863191 50904857 7528665 5617934 1910731 1233659 5814292 2644961 4402990 58453696 commonfund multi-strategy equity fund 12712152 F commonfund multi-strategy bond fund 7266124 F New York Co. Life Insurance Policy 39392 F RBS Citizens Bank NOW Account 2613280 F 22630948 Beneficial interests in trusts 1905231 Debt issuance costs, net 852661 2757892 fair market value interest rate swaps 5097551 Refundable advances - Perkins loan program 322047 conditional asset retirement obligation 76000 Annuity obligations 1407973 Capital Lease Liability 7152 6910723 60168527 55269576 4898951 2167000 -65654 -1402979 698367 5597318 40585537 2167000 -16707993 -14540993 55126530 5041997 5041997 60168527 38315159 42052 42052 38273107 16996469 16996469 55269576 Part V, Line 4: Description of Intended Use of Endowment Funds: Board-designated Endowment - Funds set aside by the Board of Trustees for strategic purposes and to provide investment income to support operations. These amounts may only be used with the approval of the Board of Trustees. Permanent Endowment - Amounts restricted by donors against any expenditure of principal. Substantially all the income earned on principal may be used for general or donor-restricted purposes and is recorded in unrestricted net assets or temporarily restricted net assets, as appropriate. Part X: Description of Uncertain Tax Positions Under FIN 48: The College 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 College has identified its tax status as a tax-exempt entity as a tax position; however, the College has determined that such tax position does not result in an uncertainty requiring recognition. The College is not currently under examination by any taxing jurisdiction. The College's Federal and state income tax returns are generally open for examination for three years following the date filed. Part XI, Line 8 - Other Adjustments: Change in fair value of interest rate swap: -1638074. Change in actuarial value of annuity liabilities: 103273. Change in value of beneficial interests: 131822. Part XII, Line 2d - Other Adjustments: FINANCIAL AID: -16613677. Auxiliary enterprise discounts: -28662. INVESTMENT EXPENSES: -65654. Part XII, Line 4b - Other Adjustments: Investment gain/(loss), net of total return appropriated: 1757199. Land lease income from affiliate: 205840. Private gifts and grants: 3071187. Non-operating activities - Other: 49824. RENTAL EXPENSES INCLUDED ON PART VIII, LINE 4B: -38189. FUNDRAISING DIRECT EXPENSES INCLUDED ON PART VIII, LINE 8B: -3864. Part XIII, Line 2d - Other Adjustments: rental expenses included on Part VIII, Line 4b: 38189. Fundraising Direct Expenses included on Part VIII, Line 8b: 3863. Part XIII, Line 4b - Other Adjustments: financial aid: 16613677. auxiliary enterprise discounts: 28662. Annuity payments: 314569. Non-operating activities - Other: 39561. 1 1 0 PER PART 4.03 2(B) OF REV. PROC 75-50, 1975-2 C.B.587, THE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL SECTION OF THE UNITED STATES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS. IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. ITS PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE AVAILABILITY OF THE COLLEGE. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES GRANTS IN THE FORM OF FUNDS DISTRIBUTED FOR FINANCIAL AID OR SUPPORT OF EDUCATIONAL PROGRAMS. 1 X X X X X X X 1 the wayland group fundraising counsel 0 0 73240 0 73240 MA none exceeded 1 seog grants 419 162204 massachusetts gilbert grants 219 265600 lasell undergraduate awards and scholarships 1457 16305231 lasell graduate awards 75 76575 SCHOLARSHIPS FROM RESTRICTED GIFTS 4 20000 lasell sibling discounts 13 26018 lasell tuition exchange discounts 4 86300 lasell study group discounts 14 99553 Lasell Child Study Center sibling discounts 23 26962 Lasell Child Study Center scholarships 3 1700 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Institutional financial assistance is awarded based on both a financial need and merit basis. Financial need is determined by the submission of the Free Application for Federal Student Aid and supporting documents and the use of the Federal Methodology need analysis formula and the Institutional Methodology need analysis formula. Merit aid is awarded to students who meet certain academic criteria who may or may not also have financial need for assistance. Campus based financial assistance from Federal and state sources is awarded based on financial need and other eligibility requirements as stipulated by Federal or state guidelines. Financial need is determined by the submission of the Free Application for Federal Student Aid and supporting documents and the use of the Federal Methodology need analysis formula. X 0 1 X X X X X 0 0 0 0 0 0 0 1 0 Michael B Alexander 245429 0 12250 0 10819 0 18957 0 16380 0 303835 0 0 0 Dr Michael J Hoyle VP 163085 0 5000 0 1205 0 3156 0 6937 0 179383 0 0 0 Kathleen O'Connor 178003 0 5000 0 516 0 13568 0 7086 0 204173 0 0 0 James OStrow 153257 0 5000 0 276 0 12212 0 18625 0 189370 0 0 0 Dr Paula Panchuck vp 150572 0 5000 0 1376 0 11685 0 9418 0 178051 0 0 0 Part I, Line 1a The college provided housing to the assistant clerk/executive assistant to the president as part of her compensation. Part I, Line 7 As detailed on Schedule J, Part II, bonuses were awarded to certain employees during the year. A bonus was awarded to the president of the college at the recommendation of the executive compensation committee and upon the approval of the board of trustees. Bonuses to all other persons were awarded at the discretion of the president of the college. massachusetts Development Finance Agency 043431814 57583RZC2 2008-08-07 14665000 Construction of residence hall & existing projects 0 0 Massachusetts Development Finance Agency 043431814 57583RGS8 2006-09-28 6400000 advance refund of prior issue 0 0 Massachusetts Development Finance Agency 043431814 57583RGS8 2006-09-28 12070000 Construction of residence hall & existing projects 0 0 14665000 353377 14311623 2008 0 0 1 1 6400000 6204550 141566 53884 2006 0 1 1 1 12070000 2600000 394538 9075462 2006 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 John MAGUIRE Trustee 120000 Consulting agreement 0 X 16 110468 quoted market X equipment 2 45058 retail price 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The amounts in column (b) represent the number of contributions. Form 990, Part VI, Section B, line 11 A joint meeting of the audit and Finance Committees of the Board of Trustees reviewed the Form 990 and recommended to the full Board of Trustees that the Form 990 be accepted and filed. The Form 990 was made available to the full Board of Trustees prior to the Board meeting and the Board of Trustees approved the motion to accept the Form 990 and file the document. Form 990, Part VI, Section B, line 12c The trustees send the conflict of interest forms to the Executive Assistant to the President who reviews the forms, looking for conflicts noted or not noted by the trustee(s). If a conflict is noted, the form is sent to the Committee on Trustees of the Board to review. Form 990, Part VI, Section B, line 15 The board of trustees of Lasell College conducts and annual written evaluation of the president of the college whose duties also include CEO of Lasell village and establishes compensation based on performance and among other data, considers a comparison of presidents and ceo's at similar sized institutions. The president/ceo in consultation with the vp of Lasell village conduct an annual written evaluation of key employees based on performance taking into account compensation of peers at similar sized institutions. Form 990, Part VI, Section C, line 19 These documents are available for review upon request. The financial statements of the institution are available on the institution's website as well as in the reserve section of the college library. Additionally, the audited financial statements and form 990 are available via the masschusetts attorney general's website and www.guidestar.org. Form 990, Page 11, Part XI: 2c-Does the entity have a committee that assumes responsibility for audit? The organization has an audit committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This has not changed from the prior year. SCHEDULE K - SUPPLEMENTAL INFORMATION ON TAX EXEMPT BONDS PART II LINE #5 - ISSUANCE COSTS OF PROCEEDS massachusetts Development Finance Agency: 57583RZC2-CREDIT ENHANCEMENT COSTS INCLUDED ON LINE #5, COLUMN A: $69,657 massachusetts Development Finance Agency: 57583RGS8-CREDIT ENHANCEMENT COSTS INCLUDED ON LINE #5, COLUMN B : $17,921 massachusetts Development Finance Agency: 9/28/06 57583RGS8- CREDIT ENHANCEMENT COSTS INCLUDED ON LINE #5, COLUMN C: $33,798 SCHEDULE R- PART V, LINE 2 - (1)/(2)/(3) TRANSACTION TYPES - METHODS USED TO DETERMINE LASELL VILLAGE - TRANSACTION TYPE (i) : $207,509 METHOD USED TO DETERMINE - "Per lease agreement" LASELL VILLAGE - TRANSACTION TYPE (k) : $1,739,506 METHOD USED TO DETERMINE - "Cost Plus" LASELL VILLAGE - TRANSACTION TYPE (i) : $19,203 METHOD USED TO DETERMINE - "Actual Cost" Lasell Village 120 seminary ave auburndale MA 02466 223042122 Residential Care MA 501(c)(3) 9 Lasell Inc 1844 Commonwealth ave newton MA 024662716 861070319 administrative support MA 501(c)(3) 11b CRAT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 911900462 INVESTMENTS MA T 32854 1.00000 CRUT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 046860762 INVESTMENTS MA T 161766 1.00000 CRAT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 256613392 INVESTMENTS MA T 92602 1.00000 CRAT 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 256638195 INVESTMENTS MA T 96572 1.00000 CRUT -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA T 151262 1.00000 CRUT -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA T 263093 1.00000 TRUST -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA T 498707 1.00000 TRUST -TAX ID NOT AVAILABLE 1844 COMMONWEALTH AVENUE NEWTON MA 024662709 999999999 INVESTMENTS MA T 734515 1.00000 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 Lasell Village I 207509 Lasell Village K 1739506 Lasell Village N 19203