2011-05-05T12:41:17-07:00 2010-06-30 990 2009-07-01 042105769 EMMANUEL COLLEGE EMMA 6177359822 400 The Fenway Boston MA 02115 Sister Anne M Donovan SND 6177359822 2011-04-29 2009 2016-02-24 21:20:13Z Sr Anne M Donovan SND 400 The Fenway Boston MA 02115 100056166 0 0928 X www.emmanuel.edu X 1919 MA Emmanuel College is a coed, residential Catholic liberal arts and sciences college with over 2,500 undergraduate and graduate students from 38 countries and 31 states. The College is located on 17 acres in the midst of the excitement, resources and culture of Boston. 24 23 1395 269 0 0 7002549 4695854 64332294 66316432 -2774400 2273857 3379380 2306746 71939823 75592889 18036397 19438504 0 0 24511358 24297994 14122 100 2021268 25592486 27562779 68154363 71299377 3785460 4293512 232013454 235809258 140808096 136747828 91205358 99061430 Higher Education: Emmanuel College educates students in a dynamic co-educational learning environment shaped by a liberal arts and sciences curriculum that emphasizes career development. As a Catholic college, Emmanuel prepares students with the skills to succeed in tomorrows world and the social conscience to make a difference in that world. Since 1919 the College has grown from a womens commuter college to a residential college enrolling over 2400 men and women from across the US and from other countries. During FY10 the College awarded 412 undergraduate and 94 graduate degrees. (506 Degrees Awarded) 0 0 33298105 19438504 52069128 Instructional expenses for over 2,400 students including scholarships, full-time and part-time faculty salaries and benefits, lab supplies, educational reference material, speakers and student employment. 14622443 0 263873 Academic support and student services for over 2,400 students including expenses for academic advising, academic resource center, disability services, internships and career services, student activities, student clubs, counseling, health services, campus ministry, athletics and operation of the College's library containing over 130,000 titles in the electronic, circulating and reference collections; more than 2,000 active journal subscriptions in print and 58 online database resources. 10273817 0 13983431 Housing and meal services for over 1,100 students living in 4 on-campus and one off-campus residence halls including operating costs for a cafeteria and cafe, and leased dormitory space. 0 0 0 58194365 1 1 0 1 0 0 0 0 1 1 1 0 1 0 1 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 0 0 0 0 1 53 0 1 1395 1 0 0 0 0 0 1 1 0 0 0 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Sister Anne M Donovan SND 6177359822 400 The Fenway Boston MA 021155725 Sister Janet Eisner SND 40 X X 0 0 7855 Sister Anne M Donovan SND 40 X X 0 0 7487 Thomas J Hynes Jr 1 X X 0 0 0 Mark A Quinn 1 X X 0 0 0 John F Burke 1 X 0 0 0 MaryEva Candon 1 X 0 0 0 Jack Connors Jr 1 X 0 0 0 Mary Lou CraneRyan 1 X 0 0 0 James L Elcock 1 X 0 0 0 Dr Elaine ElKhawas 1 X 0 0 0 Sister Mary Farren SND 1 X 0 0 0 Sister Kathleen Gallivan SND 1 X 0 0 0 Dr Sheilah Shaw Horton 1 X 0 0 0 Dr Nancy Kleniewski 1 X 0 0 0 John H MacKinnon 1 X 0 0 0 Leslie A McCafferty 1 X 0 0 0 C Allen Merritt Jr 1 X 0 0 0 Edmund F Murphy III 1 X 0 0 0 Monica Murphy 1 X 0 0 0 Peter J Muse Esq 1 X 0 0 0 Elizabeth Hayes Patterson 1 X 0 0 0 James Roosevelt Jr 1 X 0 0 0 Eleanor Mulvaney Seamans 1 X 0 0 0 Kathleen E Walsh 1 X 0 0 0 Frank Scully 40 X 232716 0 30815 Neil G Buckley 40 X 198757 0 18531 David Fraboni 40 X 218465 0 29053 Sandra Robbins 40 X 174232 0 28072 John Aversa 40 X 157186 0 14457 Michelle Erickson 40 X 139219 0 17675 Patricia Rissmeyer 40 X 138061 0 17492 1258636 0 171437 21 0 1 0 Hurley of America 91 Montvale Avenue Stoneham MA 02180 Facilities/Security 1930100 Sisters of Notre Dame 351 Broadway Everett MA 02149 Admin & Instruct Svc 805430 Goody Clancy Associates 334 Boylston Street Boston MA 02116 Architects 662510 Beth Israel Deaconess Medical Center 330 Brookline Avenue Boston MA 02215 Health Care Services 316085 FL Putnam Investment Management Company 20 William Street Wellesley MA 02481 Investment Management 231645 13 0 0 1349460 0 1085996 2260398 48739 4695854 Tuition & Fees 611310 51986934 51986934 0 0 Room & Board 611310 13721442 13721442 0 0 Student Activity Fees 611310 263873 263873 0 0 Summer Programs 611310 261989 261989 0 0 Other Fees 611310 82194 82194 0 0 0 0 0 0 66316432 1918324 0 0 1918324 0 0 0 0 0 0 0 0 2072248 0 24531 0 2047717 0 2047717 0 0 2047717 24396187 0 24040654 0 355533 0 355533 0 0 355533 33800 1349460 398092 -364292 -364292 0 0 Staff & Student Parking 611310 274172 0 0 274172 Asbestos Rebate 611310 109795 0 0 109795 Fees for Alumni Events 611310 61589 0 0 61589 177765 0 0 177765 623321 75592889 65952140 0 4944895 0 0 19438504 19438504 0 0 0 0 554908 268103 286805 0 0 0 0 0 19006299 14283024 3472886 1250389 1115316 841973 199071 74272 2351819 1752152 445117 154550 1269652 945292 242805 81555 1264489 646938 617551 0 178971 0 178971 0 135300 0 135300 0 90000 0 90000 0 100 100 303760 0 303760 0 0 0 0 0 560443 502863 57580 0 1851466 1165397 546479 139590 0 0 0 0 0 0 0 0 2880059 2880059 0 0 298778 248505 19008 31265 0 0 0 0 58304 43709 8634 5961 3610648 0 3610648 0 0 0 0 0 5404907 5404907 0 0 355283 336240 19043 0 Food Costs 4560954 4551272 9682 0 Maintenance & Repairs 2558919 2366728 160768 31423 Security 742179 742179 0 0 Special Programs 848059 382329 241725 224005 Library Books 452443 450770 789 884 1407817 943421 437122 27274 71299377 58194365 11083744 2021268 0 0 2240088 1054419 3605755 2472375 1302006 1414612 0 0 0 0 2314056 2356224 0 0 2032620 1944389 218422895 48690399 157758638 169732496 62760291 56834743 0 0 0 232013454 235809258 9843669 7866456 0 0 46595149 45970609 81895098 80467237 0 0 0 0 400000 320000 0 0 2074180 2123526 140808096 136747828 X 72800859 80159531 9103188 9277378 9301311 9624521 91205358 99061430 232013454 235809258 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 90000 0 0 90000 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College incurred lobbying expenditures from payments made to a consultant who assists in the development and presentation of institutional initiatives for consideration by Congress, federal regulatory agencies, and others; monitors proposed and enacted legislation and acts as a liaison between the College and various government officials. 62760291 1403325 5757839 673539 12177213 235960 56834743 84427083 1214433 -14739746 902902 6979223 259354 62760291 0.73 0.17 0.1 0 0 0 12365633 12365633 0 178406943 29859990 148546953 0 0 0 0 0 21441052 17362299 4078753 0 6209267 1468110 4741157 169732496 0 0 0 Annuities Payable 103505 Advances from Dept. of Education 2020021 2123526 75592889 71299377 4293512 3562561 0 0 0 0 3562561 7856073 59672077 3562561 0 0 24531 3587092 56084985 69400 19438504 19507904 75592889 51816004 0 0 0 24531 24531 51791473 69400 19438504 19507904 71299377 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment consists of 85 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Spending from endowments is donor restricted to various purposes such as providing scholarships and financial assistance to students and to fund professorships. The spending policy utilizes an annual distribution percentage approved by the Board of Trustees and is designed to provide a stable level of financial support and to preserve the endowment's real value. In establishing these policies, the College considers the intent of the donor-restricted fund, the expected return on its endowment and its programming needs. SchD_P10_S00_L00 Schedule D, Part X The College does not have a liability for uncertain tax positions under FIN 48 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Lease expenses SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student Aid SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Lease expenses SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student Aid 1 1 1 The College's racially nondiscriminatory policy is published on the College's website and is included in all student enrollment materials. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The College receives financial aid from the U.S. Department of Education - Title IV Student Financial Assistance Programs. 1 East Asia and the Pacific 0 1 Program Services Admissions recruitment 17774 Central America and the Caribbean 0 1 Program Services Admissions recruitment 8239 Europe (including Iceland and Greenland) 0 1 Program Services Admissions recruitment 3234 0 3 29247 President's 30th Anniversary 1383260 1349460 33800 0 0 265727 29217 2450 100698 0 0 1383260 1349460 33800 0 0 265727 29217 2450 100698 398092 -364292 1 Institutional Scholarships and Aid 1540 18763201 0 SEOG Grants 299 289903 0 Gilbert Grants 278 385400 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Financial aid is awarded to students in the form of merit-based scholarships, need-based grants, work-study and student loans. Eligibility for financial aid varies based on the criteria of each award. Merit scholarships are awarded based on academic achievement such as high school grade point average, SAT or ACT score and class rank, and/or extra-curricular activities and recommendations. Need-based grants are offered to students who complete a Free Application for Federal Student Aid (FAFSA) and an Emmanuel College Application for Financial Aid and who, based on this information, meet the eligibility requirements for the grant or need-based scholarship. All first-year students who qualify for need-based financial assistance and all other students who are selected for verification by the Central Processing System (CPS) must also submit verification of the information provided on the FAFSA. Need-based grants and scholarships include the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant (SEOG), the Federal Academic Competitiveness Grant, the Federal SMART Grant, state grants and scholarships, and Emmanuel College grant aid. In addition to need-based grants and scholarships, students who apply for financial aid and demonstrate financial need may also receive Federal Work Study and need-based federal and state student loans. The loan programs offered by Emmanuel College are the Federal Stafford Loan, the Federal Perkins Loan and the Massachusetts No-Interest Loan. Prior to disbursing any financial assistance, student eligibility for each grant, scholarship, work-program or student loan is verified. To receive need-based financial aid students must apply for financial aid each academic year. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Sister Janet Eisner SND 0 0 0 0 0 0 0 0 7855 0 7855 0 0 0 Sister Anne M Donovan SND 0 0 0 0 0 0 0 0 7487 0 7487 0 0 0 Frank Scully 205116 0 0 0 27600 0 0 0 30815 0 263531 0 0 0 Neil G Buckley 198757 0 0 0 0 0 0 0 18531 0 217288 0 0 0 David Fraboni 194465 0 0 0 24000 0 0 0 29053 0 247518 0 0 0 Sandra Robbins 174232 0 0 0 0 0 0 0 28072 0 202304 0 0 0 John Aversa 157186 0 0 0 0 0 0 0 14457 0 171643 0 0 0 Michelle Erickson 139219 0 0 0 0 0 0 0 17675 0 156894 0 0 0 Patricia Rissmeyer 138061 0 0 0 0 0 0 0 17492 0 155553 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College provides off campus housing to certain Sisters of Notre Dame. This is a nontaxable benefit as it is provided as a condition of employment for the convenience of the College and is in close proximity to the campus. The College also provides off campus housing to the Vice President for Academic Affairs and the Vice President of Development and Alumni Relations as part of their compensation agreement. The fair market value of this benefit has been included as taxable income on their Form W2. Massachusetts Health and Educational Facilities Authority 042456011 57586CH32 2007-08-21 84880130 Build Academic Science Center, repay debt 0 0 84880130 0 0 0 2118812 0 43484754 2009 1 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 Joan Caldwell Family member of Treasurer 107120 Independent Contractor 0 X 7 48739 Fair Market Value 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The College uses a registered broker to sell securities donated to the College. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Form 990 is completed by the Finance Office of the College. It is reviewed and approved by senior management, KPMG, independent tax consultant, and the Finance Committee of the Board of Trustees. A copy of the Form 990 is provided to the full Board of Trustees prior to being filed with the Internal Revenue Service. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College's Conflict of Interest policy is annually distributed to officers, trustees and key employees who must read the policy, sign acknowledgement of receipt and disclose any conflicts of interest. Employees return this acknowledgement to the Office of Human Resources; Trustees return this acknowledgement to the President's Office for review. Any conflicts of interest are reported to the Executive Vice President to determine if disclosure is required on the Form 990 and Schedule L. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President, Executive Vice President/COO, Vice President of Academic Affairs and Vice President of Development and Alumni Relations have a written employment contract. The President of the College, in consultation with the Chair of the Board of Trustees, reviews and discusses compensation of senior management. Executive compensation at Emmanuel College is established by identifying independent market comparability information based on student enrollment, operating budget, Carnegie Classification, and geographic regions. Data is collected on salary, variable pay, total compensation, supplemental retirement plans, and various benefits. Sources of information include independent surveys conducted by third party consultants, internal and external benchmarking, white papers, articles, and webinars. For the recruitment of prospective executive positions, the College works with several independent professional executive search firms. The College and the selected firm work together to obtain comparative market data and available salary survey to determine appropriate compensation. All documentation regarding compensation is maintained in the employee's personnel file. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College makes its governing documents, conflicts of interest policy, and financial statements available to the public upon written request. The College's financial statements are also available on www.guidestar.org, www.nacubo.org and the Massachusetts Attorney General's website. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Compensation for the President and Treasurer is paid to the Sisters of Notre Dame. SchK_P02_S00_L05 Schedule K, Part II, Line 5 This amount includes issuance costs of $796,812 and bond insurance premium of $1,322,000. SchK_P04_S00_L01 Schedule K, Part IV, Line 1 An arbitrage rebate compliance analysis was completed. The College did not have an arbitrage rebate liability, therefore Form 8038-T was not required to be filed. SchL_P04_S00_L00 Schedule L, Part IV Joan Caldwell, a family member of the College's Treasurer, provides consulting services to the College. All transactions are at arms length and payment for services is at fair market value.