2011-05-16T08:12:48-05:00 2010-06-30 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2009-07-01 042108346 BECKER COLLEGE BECK 5087919241 61 SEVER STREET WORCESTER MA 01609 DR DAVID ELLIS 5087919241 2011-05-09 1 Barbara E King 5087557107 2011-04-26 2009 2016-02-24 21:20:13Z DR DAVID ELLIS 61 SEVER STREET WORCESTER MA 01609 42858797 0 X WWW.BECKERCOLLEGE.EDU X 1784 MA BECKER COLLEGE PROVIDES ACADEMIC AND CAREER EDUCATION INTEGRATED WITH THE LIBERAL ARTS AND SCIENCES, WHICH LEADS TO THE AWARDING OF THE ASSOCIATE IN SCIENCE DEGREES. BACCALAUREATE DEGREE PROGRAMS BUILD ON THIS STRONG LIBERAL LEARNING AND CAREER KNOWLEDGE BASE WITH ADDITIONAL COURSES AND EDUCATIONAL EXPERIENCES. WITH THE COMPLETION OF THE DEGREE, GRADUATES ARE PREPARED TO ENTER THE WORK FORCE WITHIN THEIR CHOSEN CAREER OR CONTINUE THEIR EDUCATION. STUDENTS WHO COMPLETE A DEGREE PROGRAM ARE PREARED TO ADVANCE IN THEIR PROFESSIONAL CAREERS. THROUGHOUT, OPPORTUNITIES FOR PERSONAL DEVELOPMENT ARE SUPPLEMENTED BY COLLEGE-SPONSORED ACTIVITIES, CULTURAL ENRICHMENT PROGRAMS, ATHLETICS AND COMMUNITY SERVICE PROJECTS. IN KEEPING WITH ITS MISSION, THE COLLEGE EXTENDS OPPORTUNITIES FOR EDUCATIONAL. PROFESSIONAL AND PERSONAL ADVANCEMENT THROUGH ITS ACCELERATED AND PROFESSIONAL STUDIES PROGRAMS. 23 23 393 0 0 0 1052312 811609 41448588 41195460 92835 44955 5865 2500 42599600 42054524 10135286 10237030 0 18293395 18256675 0 0 12800905 13346692 41229586 41840397 1370014 214127 31298863 31240230 15531790 15355492 15767073 15884738 BECKER COLLEGE SERVES MORE THAN 1,700 STUDENTS FROM 18 STATES AND 12 COUNTRIES AND OFFERS OVER 25 DIVERSE, FIRST-QUALITY BACHELOR DEGREE PROGRAMS IN UNIQUE, HIGH-DEMAND CAREER NICHES RANGING FROM NURSING AND EQUINE MANAGEMENT TO COMPUTER GAME DESIGN AND A VARIETY OF ADULT LEARNING OPTIONS. WITH CAMPUSES IN WORCESTER AND LEICESTER, MA., BECKER TRACES ITS HISTORY TO 1784 AND HAS OVER 20,000 ALUMNI. 0 0 11836727 10237030 STUDENT FINANCIAL AID- FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY PROGRAM, COLLEGE SCHOLARSHIPS AND TUITION REMISSION 8033594 40805741 INSTRUCTIONAL - FACULTY, LIBRARY & EVENING DIVISION 5155489 389719 STUDENT SERVICES - REGISTRAR'S OFFICE, STUDENT SERVICE ADMINISTRATION, STUDENT SERVICES, ADMISSIONS AND FINANCIAL AID ADMINISTRATION 4851162 AUXILIARY ENTERPRISES - DORMITORY, DINING HALLS, BOOKSTORE, STUDENT CENTER, ANIMAL HOSPITAL & CLINIC, DAYCARE CENTER, AND SNACKBAR 4851162 29876972 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 88 0 1 393 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X RICHARD N NAYLOR 5083739453 61 SEVER STREET WORCESTER MA 01609 DR GREGORY POGUE 2.00 X 0 0 0 DR JERIANNE SEGER 2.00 X 0 0 0 MARY T ALEKSIEWICZ 2.00 X 0 0 0 ARTHUR P DIGERONIMO JR 2.00 X 0 0 0 COLLEEN C BARRETT 2.00 X 0 0 0 ROBERT A BERNSTEIN 2.00 X 0 0 0 HENRY J CIBOROWSKI 2.00 X 0 0 0 P SCOTT CONTI 2.00 X 0 0 0 THE HONORABLE MARTHA P GRACE 2.00 X 0 0 0 RICHARD L PYLE 2.00 X 0 0 0 GEORGE J ISAAC 2.00 X 0 0 0 TIMOTHY F HORAN 2.00 X 0 0 0 JOY J MCHUGH 2.00 X 0 0 0 CHRISTOPHER P PROVO 2.00 X 0 0 0 PETER J ROWDEN 2.00 X 0 0 0 SARAH H WILLIAMS 2.00 X 0 0 0 JOHN E GRAHAM 2.00 X 0 0 0 MICHAEL N LUSSIER 2.00 X 0 0 0 DANIEL M PROUTY 2.00 X 0 0 0 GABRIEL N SIMON 2.00 X 0 0 0 PAOLO SINNI 2.00 X 0 0 0 BRENDAN KING 2.00 X 0 0 0 FRANCES E POLITO 2.00 X 0 0 0 GEORGE LEAR 37.50 X 120217 0 25101 DR ROBERT JOHNSON 37.50 X X 137923 0 61686 DEAN HICKEY 37.50 X X 171781 0 30258 DR JOSEPH BASCUAS 37.50 X 169467 0 43958 GERALD TUORI 37.50 X 102581 0 23339 701969 0 184342 5 1 1 0 SUNGARD HIGHER EDUCATION 1000 WINTER STREET SUITE 1200 WALTHAM MA 02451 IT CONSULTANTS 1235484 SODEXHO PO BOX 81049 WOBURN MA 01813 FOOD SERVICE CONSULTANT 802541 HOLLAND & kNIGHT 10 SAINT JAMES AVE BOSTON MA 02116 LEGAL 147863 DATATEL 4375 FAIR LAKES COURT FAIRFAX VA 22033 COMPUTER CONSULTING 142726 NOEL LEVITZ 3250 Oakdale Blvd Caroalville IA 522419702 FINANCIAL AID CONSULTANT 132769 5 811609 811609 TUITION & FEES 611710 35563342 35563342 AUXILIARY ENTERPRISES 611710 5242399 5242399 STUDENT ACTIVITIES 611710 224066 224066 EDUCATIONAL SERVICES 611710 165653 165653 41195460 14195 14195 2500 2500 2500 2500 835033 785620 18653 49413 -18653 30760 30760 42054524 41226220 0 16695 10237030 10237030 701969 701969 13275130 11079982 2195148 1090146 657853 432293 1560212 911772 648440 1629218 1047285 581933 232518 232518 94130 94130 800318 158023 642295 401704 11429 390275 1044132 658096 386036 398562 276027 122535 499509 499509 1535263 1130364 404899 513717 1440 512277 OUTSIDE SERVICE VENDORS 2096037 204298 1891739 OPERATION & MAINT. OF P 1632278 1205323 426955 SUPPLIES 1381291 774094 607197 FOOD SERVICE 734572 733945 627 REPAIRS & MAINTENANCE 534403 438555 95848 1448258 351456 1096802 41840397 29876972 11963425 0 3600653 4277803 512647 312540 1100163 673928 850593 825239 52796 52341 27450 7361 456602 498679 39747322 16788185 23184025 22959137 953166 1353291 560768 279911 31298863 31240230 2682548 2701558 12089373 11895864 759869 758070 15531790 15355492 X 12097608 11963721 2295778 2482102 1373687 1438915 15767073 15884738 31298863 31240230 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1498853 65228 90318 -56100 1598299 1402716 127268 25144 -56275 1498853 0.10000 0.90000 0 0 3479251 3479251 30635296 14465554 16169742 4990303 2116033 2874270 642472 206598 435874 22959137 PREPAYMENTS AND DEPOSITS 701858 ASSETS HELD FOR FEDERAL PERKINS LOAN PROGRAM 56212 758070 42054524 41840397 214127 35853 -132315 -96462 117665 31721032 35856 35856 31685176 10369348 10369348 42054524 31603367 0 31603367 10237030 10237030 41840397 Part V, Line 4: Description of Intended Use of Endowment Funds: The College's endowment consists of individual donor restricted funds established for a variety of purposes. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed or legal restrictions. Endowment funds include invested gifts and cash. As required by generally accepted accounting principles, the College classifies as permanently restricted net assets (a) the orginal value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. the remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the College in a manner consistent with the standard of prudence prescribed by state law. In accordance with the Uniform Prudent Management of Institutional Funds Act, the College may consider the following factors in making a determination to appropriate or accumulate donor-restricted endowment fund; general economic conditions; the possible effect of inflation and delation; the expected total return from income and the appreciation of investments; other resources of the organization; and the investment policies of the organization. The College has adopted investment and spending policies for its endowment assets that attempt to provide a predictable stream of funding for its programs while seeking to maintain the purchasing power of the endowment assets. Under this policy, as approved by the Board, the College's Investment Committee shall seek to invest the endowment funds in such a manner that the investments will provide a spendable return consistent with a long-term goal of preserving the funds in real terms. Actual returns in any given year may vary from this amount. To satisfy its long-term rate-of-return objectives, the College relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The College has invested in debt and equity securities that target a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. The College has a policy of appropriating for distribution, as needed, amounts for the purpose of scholarhsips and financial aid, capital projects, and special programs. In establishing this policy, the College considered the long-term expected return on its endowment. This is consistent with the College's objective to maintain the purchasing power of its endowment. From time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level that the donor imposed restrictions require the College to retain as a fund of perpetual duration. In accordance with generally accepted accounting principles, deficiencies of this nature are reported in unrestricted net assets. Such deficiencies amounted to $23,116 as of June 30, 2010. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS: -132315. Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 10237030. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS: 132318. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 10237030. 1 1 1 2010-2011 BECKER STUDENT HANDBOOK 1 1 1 1 0 0 0 0 0 0 0 0 1 0 BECKER COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE GOVERNMENT THROUGH GRANTS THAT ARE PROVIDED TO THE STUDENTS TO FUND THEIR EDUCATION. 1 X X X 1 THOMAS DOLAN DEVELOPMENT CONSULTANT 0 41250 0 41250 41250 41250 0 INSTITUTIONAL FINANCIAL AID 1633 10237030 X 1 1 0 0 0 0 0 0 0 0 0 DR ROBERT JOHNSON 137923 0 0 0 0 0 13792 0 47894 0 199609 0 0 0 DEAN HICKEY 171781 0 0 0 0 0 17178 0 13080 0 202039 0 0 0 DR JOSEPH BASCUAS 169467 0 0 0 0 0 16947 0 27011 0 213425 0 0 0 GERALD TUORI 102581 0 0 0 0 0 10258 0 13081 0 125920 0 0 0 becker college 042108346 57583rha6 2006-12-01 11445000 building on new dorm & athletic field renovation 0 0 11445000 290838 31724 11413276 2009 0 0 1 1 0 0 0 0 0 1 0 1 1 sovereign bank (2) 10.000000000000 0 0 0 Form 990, Part VI, Section B, line 11 FORM 990 IS REVIEWED BY THE CFO AND THE FINANCE BOARD MEMBER, PRIOR TO FILING. Form 990, Part VI, Section B, line 12c THE BOARD OF DIRECTORS REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO INSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. Form 990, Part VI, Section B, line 15 Benefits and compensation for senior management are determined after benchmarking total compensation at comparable institutions with similar positions. Resources used are The Chronicle of Higher Education, Inside Higher Education, College and University Personnel Association (CUPA), the National Association of College and University Business Officers (NACUBO), Colleges of the Worcester Consortium and the Southern New England College and University Personnel Association list serve. Form 990, Part VI, Section C, line 19 TO VIEW FORM 990 BECKER REFERS ALL INTERESTED PARTIES TO THE STATE, MAKING IT THEIR RESPONSIBILITY TO OBTAIN IT.