2011-11-07T15:05:12-06:00 2011-06-30 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2010-07-01 042104451 REGIS COLLEGE REGI 7817687075 235 WELLESLEY STREET WESTON MA 02493 THOMAS PISTORINO 7817687075 2011-11-03 1 THOMAS A WASHBURN CPA 5083669100 2010 2016-03-07 17:11:31Z THOMAS PISTORINO 235 WELLESLEY STREET WESTON MA 02493 48722339 0 X WWW.REGISCOLLEGE.EDU X 1927 MA REGIS COLLEGE EDUCATES APPROXIMATELY 1,750 UNDERGRADUATE AND GRADUATE STUDENTS IN DAYTIME, EVENING, AND WEEKEND PROGRAMS IN TWO SCHOOLS; THE SCHOOL OF NURSING, SCIENCE AND HEALTH PROFESSIONS AND THE SCHOOL OF LIBERAL ARTS, EDUCATION AND SOCIAL SCIENCE, AND CONTINUING STUDIES FOR ADULT LEARNERS. THE COLLEGE OPERATES A LIBRARY, FINE ARTS CENTER, LANGUAGE AND TECHNOLOGY LABS, AUDIO VISUAL SERVICES, HEALTH CENTER, ADMISSION, CAREER PLANNING, CAMPUS SAFETY, TRANSPORTATION, CAMPUS MINISTRY, INTER-COLLEGIATE ATHLETICS, REGISTRATION SERVICES, DINING, RESIDENT HALLS, CHILDRENS LEARNING CENTER, BOOKSTORE, AND A VARIETY OF OTHER STUDENT SERVICES. 28 27 980 4 0 0 1615886 3184971 38010446 43836203 501855 426435 761256 842149 40889443 48289758 10738647 13084880 0 0 18258119 17685218 0 0 1253074 14537453 14768221 43534219 45538319 -2644776 2751439 60272241 57447773 43813340 38000518 16458901 19447255 X REGIS COLLEGE, THROUGH EDUCATION IN THE ARTS, SCIENCES, AND PROFESSIONS EMPOWERS WOMEN AND MEN TO CHALLENGE THEMSELVES ACADEMICALLY, TO SERVE AND TO LEAD. A CATHOLIC COLLEGE, REGIS IS A DIVERSE AND WELCOMING COMMUNITY GUIDED BY THE VALUES OF THE SISTERS OF ST. JOSEPH OF BOSTON. 0 0 10095524 36669307 INSTRUCTION: KNOWLEDGE GENERATION AND THE DELIVERY OF EDUCATION TO APPROXIMATELY 1750 UNDERGRADUATE AND GRADUATE STUDENTS IN DAYTIME, EVENING, AND WEEKEND PROGRAMS IN TWO SCHOOLS; THE SCHOOL OF NURSING, SCIENCE AND HEALTH PROFESSIONS AND THE SCHOOL OF LIBERAL ARTS, EDUCATION AND SOCIAL SCIENCE. INSTRUCTION IN CONTINUING STUDIES FOR ADULT LEARNERS AND LIFELONG LEARNING. 3426590 ACADEMIC AFFAIRS-OPERATING THE LIBRARY, FINE ARTS CENTER, LANGUAGE AND TECHNOLOGY LABS, PROVIDING AUDIO VISUAL SERVICES TO PROFESSIONAL STUDIES, NURSING, UNDERGRADUATE, GRADUATE AND CONTINUING STUDIES FOR APPROXIMATELY 1750 STUDENTS 5282280 STUDENT AFFAIRS-PROVIDE HEALTH SERVICES, ADMISSIONS, CAREER PLANNING, CAMPUS SAFETY AND TRANSPORTATION,CAMPUS MINISTRY, INTER-COLLEGIATE ATHLETICS AND REGISTRATION SERVICES FOR APPROXIMATELY 1750 STUDENTS 3092143 7166896 AUXILIARY ENTERPRISES-PROVIDE DINING SERVICES, RESIDENTIAL HALL SERVICES, CHILDREN'S LEARNING CENTER, BOOKSTORE SERVICES, TELECOMMUNICATIONS SERVICES FOR APPROXIMATELY 1750 STUDENTS 13084880 OTHER PROGRAM SERVICES-SCHOLARSHIP AND GRANTS TO APPROXIMATELY 1750 STUDENTS 16177023 7166896 34981417 1 1 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 101 0 1 980 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X THOMAS PISTORINO 7817687075 235 WELLESLEY STREET WESTON MA 02493 MARY JANE ENGLAND 40.00 X X 228484 0 7153 SISTER HELEN CALLAHAN CSJ 1.00 X 0 0 0 KAREN HOKANSON SND 1.00 X 0 0 0 ELLEN C KEARNS 1.00 X 0 0 0 CHRISTINA M MCCANN 1.00 X X 0 0 0 MARILYN MCGOLDRICK CSJ 1.00 X X 0 0 0 TERESA M MCGONAGLE 1.00 X 0 0 0 ROBERT F MEENAN 1.00 X 0 0 0 CAROLE F BARRETT 1.00 X 0 0 0 ELLEN O'CONNOR 1.00 X X 0 0 0 SALVATORE B SIMEONE 1.00 X 0 0 0 LORRAINE TEGAN 1.00 X 0 0 0 NANCY M VALENTINE 1.00 X 0 0 0 DR RICHARD W YOUNG 1.00 X 0 0 0 KATHLEEN DAWLEY 1.00 X 0 0 0 CLYDE H EVANS 1.00 X 0 0 0 PAUL V GARRITY VF 1.00 X 0 0 0 JUDY M LAUCH 1.00 X 0 0 0 BONNIE MORAN 1.00 X 0 0 0 MARY L MURPHY CSJ 1.00 X 0 0 0 DONNA M NORRIS MD 1.00 X X 0 0 0 KATHLEEN O'HARE 1.00 X 0 0 0 JOAN SHEA 1.00 X 0 0 0 DONATO J TRAMUTO 1.00 X 0 0 0 ERNEST BARTELL CSC 1.00 X 0 0 0 SISTER MARY ANNE DOYLE CSJ 1.00 X 0 0 0 SISTER LEILA HOGAN CSJ 1.00 X 0 0 0 RUTH SANDERSON KINGSBURY 1.00 X 0 0 0 S MARGARET COMFREY 1.00 X 0 0 0 BEVERLY BOORSTEIN 1.00 X 0 0 0 SISTER MAUREEN DOHERTY 1.00 X 0 0 0 THOMAS PISTORINO 40.00 X 151144 0 12002 PAUL VACCARO 40.00 X 114888 0 11777 ANTOINETTE HAYS 40.00 X 124632 0 1238 MARY LOMBARD 40.00 X 104022 0 3818 THERESE HIGGINS 1.00 X 0 0 0 ROBERT BELLAVANCE 40.00 X 0 0 0 723170 0 35988 5 0 1 0 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1630032 WRIGHT EXPRESS FINANCIAL SERVICES 33548 TREASURY CENTER CHICAGO IL 60694 CREDIT CARD SERVICES 576316 SECURITAS SECURITY SERVICES USA 2 CAMPUS DRIVE PARSIPPANY NJ 07054 ASSET PROTECTION 273321 GOVCONNECTION INC 732 MILFORD ROAD MERRIMACK NH 03054 TECHNOLOGY 206737 CGL ELECTRONIC SECURITY INC 1400 PROVIDENCE HIGHWAY SUITE 2200 NORWOOD MA 02062 ELECTRONICS 166147 7 234125 2950846 3184971 TUITION AND FEES 900099 36669307 36669307 AUXILIARY ENTERPRISES 900099 7166896 7166896 43836203 426435 426435 1254306 412157 842149 842149 842149 20424 20424 0 0 48289758 43836203 0 1268584 13084880 13084880 549309 136672 412637 13812684 9983708 3224180 604796 2316334 1672472 542669 101193 1006891 727009 235894 43988 62643 62643 102970 102970 1221594 882032 286194 53368 341669 93217 248452 2427534 1727584 628697 71253 144180 129277 14903 2308825 1538243 652818 117764 274648 251557 15695 7396 1676320 1210360 392727 73233 2708125 1955357 634458 118310 220320 220320 MISCELLANEOUS 1768497 297239 1429873 41385 FOOD SERVICE 1078103 1078103 SPECIAL PROGRAMS 152118 71754 75428 4936 DUES/MEMBERSHIPS 128217 56607 56421 15189 EQUIPMENT RENTAL AND MA 102112 77360 24489 263 50346 7986 42360 45538319 34981417 9303828 1253074 2384 24188 2297187 1317443 150526 170864 1099962 1269225 2064302 1964569 77344773 48469464 30861529 28875309 8017039 8162754 6201197 6657758 9578115 9005663 60272241 57447773 2852272 2243327 1021684 1314207 28061047 27357520 9680000 4680000 2198337 2405464 43813340 38000518 X 1772373 4137463 2483661 2223368 12202867 13086424 16458901 19447255 60272241 57447773 X 2751439 236915 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 73394 156139 103654 125879 0 12841346 883557 587361 427643 13884621 11739881 76639 1513541 488715 12841346 12341070 299011 -465013 435187 11739881 0.00000 1.00000 0.00000 0 0 540925 540925 23285765 14038517 9247248 35839226 21615761 14223465 12096004 11062189 1033815 5582853 1752997 3829856 28875309 NON-PUBLICLY TRADED BOND AND EQUITY FUNDS MANAGED BY THE COMMON FUND 6657758 F 6657758 RESTRICTED CASH 3244185 PROJECT UNDER DEVELOPMENT 5309024 DEBT ISSUES COSTS, NET 452454 9005663 ADVANCES FOR OTHER STUDENT LOANS 1636455 ANNUITY PAYMENT LIABILITY 204478 DEPOSITS HELD FOR OTHERS 123204 DEPOSITS & OTHER LONG TERM PAYABLES 441327 2405464 48289758 45538319 2751439 258817 -21902 236915 2988354 35853950 258817 -13106782 -12847965 48701915 -412157 -412157 48289758 32865596 412157 412157 32453439 13084880 13084880 45538319 PART IV, LINE 1B: THE COLLEGE ACTS AS FISCAL AGENT FOR A BOSTON AREA SCHOOL IN ACCORDANCE WITH ITS CONTRACT WITH THE BOSTON PUBLIC SCHOOLS. THE COLLEGE RECEIVES AND DISBURSES FUNDS ON BEHALF OF THIS ORGANIZATION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE CATEGORIZED INTO TWO AREAS, FINANCIAL AID AND INSTITUTIONAL. THE COLLEGE USES THE ANNUAL SPENDING RATE ON THE FINANCIAL AID FUNDS TO PROVIDE SCHOLARSHIPS TO STUDENTS THAT MEET THE REQUIRED CRITERIA. THE COLLEGE USES THE SPENDING RATE ON THE INSTITUTIONAL FUNDS FOR CAPITAL APPROPRIATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF JUNE 30, 2011, THE COLLEGE DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE COLLEGE FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -21,902. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -13,084,880. CHANGE IN CARRYING VALUE OF SPLIT INTEREST AGREEMENTS -21,902. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSES NETTED WITH REVENUE -412,157. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED WITH REVENUE 412,157. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 13,084,880. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THROUGH ADVERTISEMENT IN GENERAL CIRCULATION NEWSPAPERS, JOURNALS, CATALOG OFFERS, NATIONAL COLLEGE & UNIVERSITY PUBLICATIONS AND OTHER MEANS. ALSO, PROGRAMS INCLUDE IN THEIR SOLICITATION MATERIAL, A SUMMARY STATEMENT OF THE NON-DISCRIMINATION POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 REGIS COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS; NATIONAL DIRECT STUDY LOAN PROGRAM, BASIC EDUCATIONAL OPPORTUNITY GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND WORK STUDY PROGRAMS. NO FUNDS HAVE BEEN REVOKED OR SUSPENDED AT ANY TIME. 1 REGIS GRANTS : REGIS GRANTS UNDERGRADUATE 615 8399587 SEOG IY & CY : EXTERNAL GRANTS UNDERGRADUATE 331 49898 TOWER SCHOLARSHIP : REGIS GRANTS UNDERGRADUATE 133 766748 ALUMNAE SPONS AWARDS : REGIS GRANTS UNDERGRADUATE 90 172000 ANNIVERSARY SCHOLARSHIP : REGIS GRANTS UNDERGRADUATE 234 2138860 FOUNDERS SCHOLARSHIP : REGIS GRANTS UNDERGRADUATE 18 247250 MASSACHUSETTS U-PLAN : REGIS GRANTS UNDERGRADUATE 5 3932 SIBLING DISCOUNT : REGIS GRANTS UNDERGRADUATE 15 31250 ARRA SDS SCHOLARCHIP : GENERAL 15 53530 DEVEL/MINORITY SCHOL : GENERAL 3 13556 SCHRAFFTS BOSTON - SCHOLARSHIP : GENERAL 3 20000 THE KANEB SCHOLARS PROGRAM : GENERAL 26 59000 SHARING OPPORTUNITYS : GENERAL 3 17500 EXPENDED ENDOWMENT INCOME : GENERAL 182 427643 CLASS OF '61 SCHOLARSHIP : GENERAL 5 31687 S. JOHN SULLIVAN SCHOLARSHIPS : GENERAL 1 5000 YAWKEY FOUNDATION : GENERAL 15 50000 STACY STOTT SCHOLARSHIP : GENERAL 3 1500 HRSA SDS UNDERGRADUATE : GENERAL 12 83446 M D HENIGHAN SCHOLARSHIP : GENERAL 1 5000 TUITION DISCOUNTS : GENERAL 109 177946 REGIS GRANTS : REGIS GRANTS NON-TRADITIONAL 31 61698 NURSING GRADUATE ASSISTANCESHIP : REGIS GRANTS 21 114368 HEALTH ADMINISTRATION SCH : REGIS GRANTS 10 50000 NURSING DNP SCHOLARSHIP TUFTS 1 2500 HRSA GRADUATE NURSE TRAINING 33 98981 S. BOGAN GRADUATE COMMUNICATION 3 2000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE COMPLIES WITH THE U.S. DEP. OF EDUCATION POLICY REGARDING TITLE IV FUNDS AND OTHER GRANT AWARDS. THE COLLEGE HAS DEDICATED INDIVIDUALS PERFORM THE WORK OUTLINED IN THE SCOPE OF THE GRANT. THESE INDIVIDUALS ARE CLASSIFIED AS FINANCIAL AID PROFESSIONALS AND GRANT ADMINISTRATORS WHO WORK IN CONJUNCTION WITH FINANCE PROFESSIONALS TO ENSURE PROPER STEWARDSHIP OF FUNDS. THESE INDIVIDUALS FOLLOW THE STATUTORY AND REGULATORY REQUIREMENTS SET FORTH IN THE GRANT. FUNDS ARE DRAWN AFTER EXPENSES ARE INCURRED. PROGRESS REPORTS ARE SUBMITTED IN COMPLIANCE WITH THE GRANT REQUIREMENTS AND DOCUMENTATION IS MAINTAINED. 1 X X X X 0 0 0 0 0 0 0 0 0 MARY JANE ENGLAND 228484 0 0 0 0 0 0 0 7153 0 235637 0 0 0 THOMAS PISTORINO 151144 0 0 0 0 0 0 0 12002 0 163146 0 0 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2008-06-01 10000000 CONSTRUCTION, RENOVATION, IMPROVEMENT AND EQUIPPING OF ATHLETIC FIELDS 0 0 0 10336886 10116085 220801 2010 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 KATHLEEN DAWLEY TRUSTEE OF BOARD 90000 KATHLEEN DAWLEY IS THE PRESIDENT OF MAGUIRE ASSOCIATES, INC., A COMPANY THAT PROVIDES ADMISSION CONSULTING SERVICES TO THE COLLEGE. 0 X 7 62599 FAIR MARKET VALUE X 7 116798 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE BY-LAWS OF THE CORPORATION PROVIDE FOR BETWEEN FIVE AND NINE MEMBERS. AT LEAST FIVE MEMBERS SHOULD BE MEMBERS OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH OF BOSTON. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION ELECT MEMBERS OF THE GOVERNING BOARD OF TRUSTEES OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CORPORATION APPROVE CHANGES TO BY-LAWS AND THE SALE OR DISPOSITION OF REAL ESTATE. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARER OF THE 990 WILL PRESENT A COPY OF THE FORM TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A SINGLE COMBINED WRITTEN DOCUMENT FOR CONDUCT, ETHICS, CONFLICT OF INTEREST, TECHNOLOGY USE, AND CONFIDENTIALITY POLICIES FOR FACULTY, STAFF AND ADMINISTRATION. THIS DOCUMENT IS PART OF THE HIRING PROCESS, SIGNED BY THE EMPLOYEE AND STORED IN THE OFFICE OF HUMAN RESOURCES. IN ADDITION, THE COLLEGE ALSO DISTRIBUTES A RELATED PARTY QUESTIONNAIRE THROUGH ITS ANNUAL AUDIT PROCESS TO ALL BOARD MEMBERS AND OFFICERS. THIS QUESTIONNAIRE IS DESIGNED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. OUR ANNUAL INDEPENDENT AUDIT WILL NOT BE COMPLETE UNTIL ALL OF THESE FORMS HAVE BEEN SIGNED AND RETURNED. FURTHERMORE, THE BY-LAWS OF THE COLLEGE STATES: "NO MEMBER OF THE CORPORATION, TRUSTEE, OFFICER OR EMPLOYEE OF THE CORPORATION SHALL HAVE ANY PERSONAL FINANCIAL INTEREST, DIRECT OR INDIRECT, IN ANY CONTRACT RELATING TO THE BUSINESS CONDUCTED BY THE CORPORATION, OR THE FURNISHING OF SUPPLIES TO THE CORPORATION, UNLESS AUTHORIZED BY CONCURRING VOTE OF TWO-THIRDS OF THE DISINTERESTED TRUSTEES, EVEN THOUGH THE DISINTERESTED TRUSTEES BE LESS THAN A QUORUM, AND PROVIDE THAT THE MATERIAL FACTS AS TO HER INTEREST IN SUCH TRANSACTION ARE DISCLOSED OR ARE KNOWN TO THE BOARD OF TRUSTEES." FORM 990, PART VI, SECTION B, LINE 15 FOR THE RECRUITMENT OF THE PROSPECTIVE EXECUTIVE POSITION, THE COLLEGE ENGAGES AN INDEPENDENT PROFESSIONAL EXECUTIVE SEARCH FIRM. THROUGH AN AD HOC COMPENSATION COMMITTEE APPROVED BY THE BOARD OF TRUSTEES THE COLLEGE AND THE FIRM WORK TOGETHER TO OBTAIN COMPARATIVE MARKET DATA AND ACQUIRE AVAILABLE SALARY SURVEY DATA. THE COMPENSATION COMMITTEE REVIEWS COMPARATIVE MARKET DATA AND AVAILABLE SALARY SURVEY DATA BEFORE MAKING RECOMMENDATIONS TO THE BOARD OF TRUSTEES WHICH HAS FINAL APPROVAL. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE COLLEGE IS DETERMINED BY MARKET DATA AND INTERNAL SALARY GRADES. FOR VICE PRESIDENT POSITIONS THE REVIEW OF COMPARATIVE MARKET DATA AND SALARY SURVEY DATA ARE PERFORMED BY A SEARCH COMMITTEE IN CONJUNCTION WITH AN EXECUTIVE SEARCH FIRM. FOR OTHER KEY EMPLOYEES THE COLLEGE PERFORMS COMPARATIVE MARKET DATA AND ACQUIRES AVAILABLE SALARY SURVEY INFORMATION THROUGH THE OFFICE OF HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 258,817. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -21,902. TOTAL TO FORM 990, PART XI, LINE 5: 236,915.