2011-05-09T11:01:55-05:00 2010-06-30 CCR LLP 125 HIGH STREET 21ST FLOOR BOSTON MA 02110 990 2009-07-01 042104700 MASSACHUSETTS COLLEGE OF PHARMACY AND ALLIED HEALTH SCIENCES MASS 6177322800 179 LONGWOOD AVENUE BOSTON MA 02115 CHARLES F MONAHAN JR 6177322800 2011-05-06 1 FRANCIS K BROWN II 6172267000 2011-05-06 2009 2016-02-24 21:20:13Z CHARLES F MONAHAN JR MCPHS 179 LONGWOOD AVE BOSTON MA 02115 148327091 0 X WWW.MCPHS.EDU X 1852 MA EDUCATIONAL INSTITUTION 16 16 1455 0 0 0 2142830 1770568 118665292 134189943 3786717 1590141 136460 304902 124731299 137855554 13388626 15252250 0 46184583 52457417 222730 0 1566066 30834704 34368971 90630643 102078638 34100656 35776916 351002245 397695896 152865838 150768004 198136407 246927892 MASSACHUSETTS COLLEGE OF PHARMACY AND ALLIED HEALTH SCIENCES PREPARES STUDENTS FOR CAREERS IN HEALTH CARE THROUGH TEACHING, SCHOLARSHIP, RESEARCH, PROFESSIONAL SERVICE AND COMMUNITY ENGAGEMENT. 0 0 78280697 15252250 122729749 THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS TO STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN PHARMACY AND HEALTH SCIENCE DISCIPLINES. 7200035 7757884 THE COLLEGE PROVIDED DORMITORY ACCOMODATIONS FOR STUDENTS. 464680 466278 THE COLLEGE PROVIDED CONTINUING EDUCATION COURSES AND PROGRAMS FOR PHARMACISTS AND OTHER HEALTHCARE PROFESSIONALS. 85945412 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 276 0 1 1455 1 0 0 0 0 0 1 1 1 1 0 0 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH X KEITH A BELLUCCI 6177322145 179 LONGWOOD AVENUE BOSTON MA 02115 JON C ANDERSON 5.00 X 0 0 0 CHESTER E BABINEAU 5.00 X 0 0 0 JAY BIKOFSKY 5.00 X 0 0 0 PAUL G BOISSEAU 5.00 X 0 0 0 GAIL P BUCHER 5.00 X 0 0 0 LAURA CHAN 5.00 X 0 0 0 EILEEN K DUMOUCHEL 5.00 X 0 0 0 J RICHARD FENNELL 5.00 X 0 0 0 MARYESTHER L FOURNIER 5.00 X 0 0 0 MARK H FULLER 5.00 X 0 0 0 RICHARD E GRIFFIN 5.00 X 0 0 0 GARY KERR 5.00 X 0 0 0 GREGORY H LAHAM 5.00 X 0 0 0 JUDITH P RONSHAGEN 5.00 X 0 0 0 CATHERINE SHATTUCK 5.00 X 0 0 0 HEIDI KANTOR SNYDER 5.00 X 0 0 0 MICHAEL MONTAGNE 55.00 X 148712 0 20551 CHARLES F MONAHAN JR 55.00 X 886063 0 237233 RICHARD J LESSARD 55.00 X 806156 0 73601 MICHELLE KALIS 55.00 X 375046 0 30635 ROBERT W HOLMES 55.00 X 294689 0 38169 MARGUERITE JOHNSON 55.00 X 311558 0 21093 GEORGE HUMPHREY 55.00 X 270873 0 28489 DENNIS LYONS 55.00 X 226093 0 23192 THOMAS SCANLON 55.00 X 245749 0 47964 DOUGLAS PISANO 55.00 X 230892 0 36469 KEITH A BELLUCCI 55.00 X 227703 0 33981 LIN ZHAN 55.00 X 209159 0 23719 MICHAEL MALLOY 55.00 X 191409 0 33501 CARRIE GLASS 55.00 X 164042 0 30005 MARY LILY 55.00 X 158703 0 28940 MARY E FOLEY 55.00 X 174644 0 12373 JAMES BLAGG 55.00 X 155985 0 29886 RUTH COURIS 55.00 X 187959 0 17632 DAVID TANNER 55.00 X 159958 0 29208 TIMOTHY MAHER 55.00 X 156396 0 29398 KATHLEEN RYAN 55.00 X 150910 0 16471 5732699 0 842510 89 0 1 0 CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD & CATERING SERVICES 1793977 ALL TIME SERVICE INC 89 FOREST HILLS STREET JAMAICA PLAIN MA 02130 CLEANING SERVICES 980814 SECURITAS SECURITY SERVICES 2 CAMPUS DRIVE PARSIPPANY NJ 07054 SECURITY SERVICES 804274 GCA SERVICES GROUP INC 1350 EUCLID AVENUE CLEVELAND OH 44115 FACILITY MANAGEMENT SERVICES 441233 OCE BUSINESS SERVICES INC 75 CENTRAL STREET BOSTON MA 02109 DOCUMENT MANAGEMENT SERVICES 363940 21 1770568 345843 1770568 TUITION AND FEES 900099 122729749 122729749 ROOM AND BOARD REVENUE 531110 7757884 7757884 RESEARCH GRANTS 900099 2396442 2396442 OTHER REVENUES 900099 839590 839590 CONTINUING EDUCATION 900099 466278 466278 134189943 3496868 3496868 89738 89738 2660398 2386407 273991 273991 273991 6073626 8070091 -1996465 -1996465 -1996465 45950 15039 30911 30911 137855554 134189943 0 1895043 15252250 15252250 5801914 5448763 353151 36304245 33982395 1972750 349100 2474544 2316284 134465 23795 5191172 4859169 282085 49918 2685542 2217309 423857 44376 189534 189534 147114 147114 23760 23760 262282 262282 960447 670342 193784 96321 518352 495565 22657 130 397104 327901 30793 38410 913113 814839 90769 7505 8189487 6761626 1292539 135322 386840 331874 35745 19221 1094728 814479 155593 124656 4902001 4047323 773678 81000 8010436 6613793 1264279 132364 612272 612272 INSTITUTIONAL STIPENDS 2392458 2392458 STUDENT MEAL PLANS 1287010 1287010 BANK & CREDIT CARD FEES 652138 652138 CLASSROOM SUPPLIES 630505 630505 BOOKS & SERIALS 528536 525961 2575 2270854 1604329 555728 110797 102078638 85945412 14567160 1566066 1701 3425 7354653 8738833 2593661 1620403 7550954 7260078 4459654 4765685 258181264 64915915 177619420 193265349 71270812 86322824 54941774 70581836 25209616 25137463 351002245 397695896 10263076 12385314 3881643 4241770 102827322 100294472 28146294 26278880 7747503 7567568 152865838 150768004 X 180822894 227965649 2662142 4108609 14651371 14853634 198136407 246927892 351002245 397695896 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23998 23998 102054640 102078638 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 39767 64222 79682 23998 207669 250000 250000 250000 250000 1000000 1500000 18935863 988640 2205152 96932 301415 21731308 22730302 173359 -3622021 178430 167347 18935863 0.21900 0.78100 0 0 10964093 226283441 51109740 186137794 20933730 13806175 7127555 193265349 MULTI-STRATEGY HEDGE FUNDS 49203868 F REAL ESTATE FUNDS 956012 F PRIVATE EQUITY FUNDS 20421956 F 70581836 DEPOSITS WITH BOND TRUSTEES 12487108 FUNDS HELD IN TRUST 1701151 OTHER RECEIVABLES 1202150 LONG-TERM LEASE RECEIVABLE 8049204 CASH RESTRICTED FOR STUDENT LOAN PROGRAMS 1697850 25137463 ADVANCES FROM GOVERNMENT FOR STUDENT LOANS 7199935 NON-CURRENT PENSION LIABILITY 367633 7567568 137855554 102078638 35776916 13014569 13014569 48791485 150870123 13014569 13014569 137855554 0 137855554 102078638 0 102078638 0 102078638 PART V, LINE 4: ENDOWMENT FUNDS ARE PERPETUALLY INVESTED AND ADMINISTERED IN ACCORDANCE WITH DONOR RESTRICTION OR BOARD DESIGNATION. EARNINGS APPROPRIATED FROM ENDOWMENT ARE DESIGNATED AND USED FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: FIN48 DISCLOSURES WERE NOT APPLICABLE REGARDING UNCERTAIN TAX POSITIONS. NO SUCH LIABILITY OR REQUIRED DISCLOSURES FOR THE REPORTING YEAR. 1 1 1 THE COLLEGE'S NON DISCRIMINATORY POLICY APPEARS ON ALL APPLICATION FORMS FOR ADMISSION AND EMPLOYMENT. THE COLLEGE COMPLIES WITH FEDERAL AND STATE REGULATIONS REGARDING NON-DISCRIMINATION. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X X X 0 MA GOLF EVENT 45950 45950 14974 65 45950 45950 14974 65 15039 30911 1 STUDENT SCHOLARSHIPS 2845 15252250 SCHOLARSHIP AWARDS TUITION DISCOUNTS Other Information: Part IV: THE COLLEGE'S STUDENT SCHOLARSHIPS (GRANTS) ARE NON-CASH TUITION DISCOUNTS APPLIED DIRECTLY TO STUDENT ACCOUNTS AND CANNOT BE DIVERTED FROM INTENDED USES. X X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 MICHAEL MONTAGNE 148509 0 0 0 203 0 0 0 20551 0 169263 0 0 0 CHARLES F MONAHAN JR 561000 0 300000 0 25063 0 197545 0 39688 0 1123296 0 0 0 RICHARD J LESSARD 442275 0 250000 0 113881 0 34000 0 39601 0 879757 0 0 0 MICHELLE KALIS 274400 0 100000 0 646 0 0 0 30635 0 405681 0 0 0 ROBERT W HOLMES 235000 0 50000 0 9689 0 0 0 38169 0 332858 0 0 0 MARGUERITE JOHNSON 210500 0 100000 0 1058 0 0 0 21093 0 332651 0 0 0 GEORGE HUMPHREY 220500 0 50000 0 373 0 0 0 28489 0 299362 0 0 0 DENNIS LYONS 225750 0 0 0 343 0 0 0 23192 0 249285 0 0 0 THOMAS SCANLON 220500 0 25000 0 249 0 0 0 47964 0 293713 0 0 0 DOUGLAS PISANO 230431 0 0 0 461 0 0 0 36469 0 267361 0 0 0 KEITH A BELLUCCI 177500 0 50000 0 203 0 0 0 33981 0 261684 0 0 0 LIN ZHAN 151292 0 0 0 57867 0 0 0 23719 0 232878 0 0 0 MICHAEL MALLOY 191000 0 0 0 409 0 0 0 33501 0 224910 0 0 0 CARRIE GLASS 153750 0 10000 0 292 0 0 0 30005 0 194047 0 0 0 MARY LILY 143500 0 15000 0 203 0 0 0 28940 0 187643 0 0 0 MARY E FOLEY 91227 0 0 0 83417 0 0 0 12373 0 187017 0 0 0 JAMES BLAGG 155782 0 0 0 203 0 0 0 29886 0 185871 0 0 0 RUTH COURIS 187756 0 0 0 203 0 0 0 17632 0 205591 0 0 0 DAVID TANNER 159755 0 0 0 203 0 0 0 29208 0 189166 0 0 0 TIMOTHY MAHER 156193 0 0 0 203 0 0 0 29398 0 185794 0 0 0 KATHLEEN RYAN 140000 0 10000 0 910 0 0 0 16471 0 167381 0 0 0 Part I, Line 1a Residence For Personal Use The President of the College periodically stays overnight in College owned facilities. The fair market rent value of these lodging accommodations are reported annually in the President's Form W-2 as a taxable fringe benefit, and have been included in Column B (iii) of Schedule J as other reportable compensation. Social Club Dues The College provides for the annual cost of membership dues in two social clubs for its President, local to campus. The full amount of dues paid is reported annually on the President's Form W-2 Annual Wage and Tax Statement as a taxable fringe benefit pursuant to Internal Revenue Code Section 274(a)(3). The use of the clubs is primarily for the purposes of business meetings and community involvement furthering the interests of the College. Use of the clubs is documented and any costs for personal meals or use are paid by the President personally when incurred. Part I, Line 4a Two key employees whose employment terminated during the year received severance compensation as follows: M. Foley: $83,417 and L. Zhan: $57,460. Amounts were reported in Part VII, Section A, Line 1a as required. Part I, Line 4B: During the year, the College's President and Executive Vice President participated in a supplemental non-qualified retirement plan. No amounts were paid during the year. Part I, Line 7 Several officers and key employees received non-fixed, non-contractual payments representing performance payments determined on a discretionary basis resulting from annual performance appraisal and compensation review. Supplemental Information Part III Part I, Line 1a: The College's Executive Vice President received a tuition remission benefit that provides for payment on a gross-up basis for tax purposes. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583FM65 2003-02-06 30145503 CONSTRUCT AND EQUIP FACILITY 1 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583F7G0 2005-02-03 53408068 RENOVATE AND EQUIP FACILITY 0 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RTA3 2007-10-03 56859248 CONSTRUCT AND EQUIP FACILITY 0 0 30605199 2104995 472500 28027704 2004 0 0 1 1 53602740 3830119 1656046 19399931 2006 1 1 1 1 57655910 1662913 29231036 1235835 24023827 2009 0 1 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 na 0 0 0 0 0 0 1 WACHOVIA BANK 15.000000000000 1 0 0 0 0 0 na 0 0 0 GERARD D'AMICO OFFICER IN-LAW 72000 CONSULTANT 0 X 9 STOCK QUOTE ON GIFT DATE X 1 PROPERTY SALE PRICE 0 1 0 Form 990, Part VI, Section A, line 6 The College is a non-stock corporation with one class of corporation members whose responsibility is to elect members of the Board of Trustees (the "Board"), the College's governing body. Members do not approve significant decisions of the Board. Members do not receive any share of the organization's profits or any share of the organization's net assets upon dissolution. Form 990, Part VI, Section A, line 7a See Explanation for Form 990, Part VI, Section A, Line 6 Above. Form 990, Part VI, Section B, line 11 A copy of the College's completed Form 990 is distributed to all Trustees prior to filing. The Form 990 is also reviewed annually by the Compensation Committee of the Board of Trustees, whose members substantially represent the Finance Committee of the Board of Trustees. This review provides for detailed oversight among individuals governing College finances and officer compensation. Form 990, Part VI, Section B, line 12c Officers and Trustees are required annually to complete a statement disclosing all business and family relationships that could create a conflict of interest within the College. All potential conflicts are reviewed by the Trustees independent of the person concerned, and resolutions are voted preserving the College's interests while the person with the potential or actual conflict is recused. Form 990, Part VI, Section B, line 15 Compensation of the College's President and certain Vice Presidents is reviewed and authorized by the Compensation Committee, whose members are independent Trustees also serving on the College's Finance Committee. No persons with a conflict of interest with respect to compensation arrangements serve on the committee. A compensation consultant provides the group with data and recommendations including comparable compensation for qualified persons in comparable positions at similar institutions. Committee minutes, decisions, and compensation arrangements are all contemporaneously documented. The Compensation Committee last completed their officer compensation review process in fiscal year ended June 30, 2010. Form 990, Part VI, Section C, line 19 The College's governing document is its corporate charter enacted by Massachusetts legislature, a copy of which is provided upon request and is also publicly available at the Office of the Secretary of Massachusetts. The College's conflict of interest policy applicable to Trustees is part of the College's by-laws and is available upon request. The College's audited financial statements are available to the public at the Office of the Attorney General of Massachusetts, as filed annually with Massachusetts Form PC - Report of Public Charities. Audited financial statements are also provided on request. Schedule K Supplental Information Schedule K, Part II, Line 5 - Issuance Costs: Bond insurance (credit enhancement costs) were $0, $930,779 and $558,300 for issues A, B and C respectively reported on Schedule K. LONGWOOD PHARMACEUTICAL RESEARCH INC 179 LONGWOOD AVENUE BOSTON MA 02115 042797812 PHARMACEUTICAL RESEARCH MA C 7991 98949 1.00000 LONGWOOD PHARMACOLOGY RESEARCH INC 179 LONGWOOD AVENUE BOSTON MA 02115 043536683 PHARMACOLOGY RESEARCH MA C 606 338 1.00000 UNIVERSAL SYMBOLS INC 179 LONGWOOD AVENUE BOSTON MA 02115 043406878 MEDICINE SYMBOLS MA C 3 167282 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0