2011-05-16T12:10:15-05:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 041679980 NORTHEASTERN UNIVERSITY NORT 6173735947 360 HUNTINGTON AVENUE BOSTON MA 02115 Thomas Nedell 2011-05-13 6175305000 2009 2016-02-24 21:20:13Z Joseph E Aoun 360 Huntington Ave Boston MA 02115 1246801552 false X www.neu.edu X 1898 MA SEE SCHEDULE O. 25 22 13045 550 6779845 -2204053 90247000 105704000 756355860 818898196 -65954868 6415967 9136893 9034078 789784885 940052241 177293032 192242148 0 0 345735425 367022571 455307 300260 14042115 305483182 300155240 828966946 859720219 -39182061 80332022 1750514000 1843883000 1030507000 1045069000 720007000 798814000 SEE SCHEDULE O. false false 253178993 0 710721478 Instruction Northeastern enables 27,733 students to fulfill their educational goals by providing teaching and advising that result in the granting of associate, bachelor, master and doctoral degrees in a variety of academic disciplines. The University's academic area consists of the Bouve College of Health Science, College of Arts and Sciences, College of Business Administration, College of Computer and Information Science, College of Criminal Justice, College of Engineering, College of Professional Studies, and School of Law. 181416000 181416000 0 Student financial aid Northeastern awards grants and scholarships to students from several sources: federal and state governments, institutionally-funded and endowment/donor funded. The Office of Student Financial Services administers financial aid and is committed to working with students to identify financial aid options that can help make a Northeastern education affordable. 92979064 0 108176718 Auxiliary enterprises Northeastern provides student housing in 21 residential buildings and operates conference centers mainly use for University events. 255647883 10826148 0 783221940 true true false true false false false false true true false true true false true true false true true false false true true true true false false false false false true false false true true true false false false true true true false false true 30137 0 true 13045 true true true false false false false true true false false false 25 22 false false false false false true true true true false true true true true true true true true true true true true MA X BASIL STEWART 6173732111 360 HUNTINGTON AVE BOSTON MA 02115 JOSEPH E AOUN 40.0 X X 858676 0 157785 PETER B CAMERON 1.0 X 0 0 0 GEORGE W CHAMILLARD 2.0 X 0 0 0 WILLIAM J COTTER 2.0 X 0 0 0 EDMOND ENGLISH 1.0 X 0 0 0 WILLIAM S HOWARD 2.0 X 0 0 0 KATHERINE S MCHUGH 2.0 X 0 0 0 HENRY J NASELLA 2.0 X 0 0 0 KATHRYN A NICHOLSON 1.0 X 0 0 0 RONALD L ROSSETTI 1.0 X 0 0 0 CAROLE J SHAPAZIAN 2.0 X 0 0 0 ROBERT J SHILLMAN 1.0 X 0 0 0 SEYMOUR STERNBERG 5.0 X 0 0 0 MICHAEL J ZAMKOW 2.0 X 0 0 0 ELLEN M ZANE 1.0 X 0 0 0 MARGOT BOTSFORD 2.0 X 0 0 0 NONNIE S BURNES 1.0 X 0 0 0 FREDERICK BRODSKY 1.0 X 0 0 0 BARBARA C ALLEYNE 1.0 X 0 0 0 Richard A D'Amore 1.0 X 0 0 0 Edward G Galante 2.0 X 0 0 0 Anthony R Manganaro 1.0 X 0 0 0 Dennis J Picard 1.0 X 0 0 0 Ralph C Martin 1.0 X 0 0 0 Joseph M Tucci 1.0 X 0 0 0 JOHN H MCCARTHY 40.0 X 416604 0 52684 PHILOMENA V MANTELLA 40.0 X 294782 0 67991 MARK L PUTNAM 40.0 X 248990 0 56460 SAMUEL B SOLOMON 40.0 X 152030 0 31088 DIANE N MACGILLIVRAY 40.0 X 343254 0 40593 MICHAEL A ARMINI 40.0 X 208326 0 35304 STEPHEN W DIRECTOR 40.0 X 512367 0 60455 CAROL R SCHEMAN 40.0 X 319058 0 5203 THOMAS NEDELL 40.0 X 118758 0 12230 NANCY MAY 40.0 X 165690 0 22220 MARC H MEYER 40.0 X 390231 0 26572 ALEXANDROS MAKRIYANNIS 40.0 X 533820 0 25917 BARRY L KARGER 40.0 X 431614 0 39946 MICHAEL B SILEVITCH 40.0 X 416453 0 38187 Albert-Laszio Barabasi 40.0 X 410347 0 40073 RICHARD M FREELAND X 209690 0 0 ROBERT P WEIR 40.0 X 228104 0 37489 VINCENT J LEMBO 40.0 X 239844 0 41621 CHRISTOPHER E HOPEY 40.0 X 261620 0 40084 ROBERT P GITTENS 40.0 X 194480 0 33456 EDWARD E KLOTZBIER 40.0 X 217193 0 35106 MARIAN J STANLEY 40.0 X 186166 0 19584 KATHERINE N PENDERGAST 40.0 X 168825 0 33032 JACK MOYNIHAN 40.0 X 171143 0 31129 7698065 0 984209 670 true true false Walsh Brothers 210 Commercial Street BOSTON MA 021091314 Construction 36464944 Chartwells 106 St Stephens Street BOSTON MA 02115 Food Services 17968845 SUFFOLK CONSTRUCTION CO INC 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION 11740047 CONSOLIDATED SERVICE CORP 176 WILLIAMS STREET CHELSEA MA 02150 CLEANING SERVICE 8956512 KAPLAN 395 HUDSON STREET NEW YORK NY 10014 Higher Ed Svcs 3834371 199 114606 55248258 50341136 1303945 105704000 TUITION,RM BD,FEES 900099 811165660 811165660 PARKING 812930 6056994 3111287 2945707 FOOD SERVICE 900099 1675542 1675542 818898196 5272145 -683190 5955335 47923 47923 0 4691880 53206 4638674 4638674 26564 4612110 307684000 306588101 1095899 1095899 1095899 157109 114606 108004 49105 49105 0 0 CONFERENCE CENTERS/ARENA 532000 4275563 4275563 ADVERTISING/SPORTS INCOME 900099 70736 49621 21115 4346299 940052241 811165660 6779845 16402736 10621185 10621185 181416000 181416000 204963 204963 0 5201746 690837 3982780 528129 106823 106823 290985734 267837812 16191842 6956080 17821308 16561431 784463 475414 34684372 32166840 1876740 640792 18222588 16557025 1190453 475110 0 2277810 60669 2217141 900365 21233 879132 348146 348146 300260 300260 1031000 1031000 236679 236679 4289464 1932667 2344481 12316 29429851 24796787 3103859 1529205 22759752 13478325 8781427 500000 76267 76267 48621692 46487642 2060455 73595 15354555 14579646 428055 346854 0 3712306 3601642 89355 21309 22519000 21667615 608523 242862 0 43623000 38865339 3400515 1357146 1812429 552865 1259564 CONSULTANTS 14482450 13082104 1075767 324579 CONTRACT CLEANING AND RUBBISH 10827209 10823612 3597 MEAL PLAN AND FOOD COST 16104073 16102517 1410 146 BOOKS AND SUBSCRIPTIONS 7274616 7171830 59587 43199 EQUIPMENT 12209782 11905995 195688 108099 42264794 31615590 10542184 107020 859720219 783221940 62456164 14042115 110562000 198325000 33552000 46306000 30350000 40659000 2000000 2614000 34643000 32594000 8981000 12172000 1460554000 500434000 952031000 960120000 41411000 171782000 534895000 376533000 2089000 2778000 1750514000 1843883000 109806000 123427000 2450000 5053000 54056000 46692000 662477000 691314000 65810000 75460000 135908000 103123000 1030507000 1045069000 X 488347000 540009000 109069000 131604000 122591000 127201000 720007000 798814000 1750514000 1843883000 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 348146 false false 348146 false Schedule C, Part II-B, Line 1g The University retains legal counsel and other firms that perform occasional lobbying activities. They also pay membership dues to membership organizations which may engage in lobbying activities. Lobbying Activities are focused on the interests of Northeastern University (including scientific research), its students and the higher education industry. During Fiscal Year 2010, Payments for these services totaled $348,146. 507346000 5376000 30370000 7808000 1767000 1030000 532487000 676987000 5271000 -156021000 17982000 909000 507346000 0.64400 0.33200 0.02400 true false 25346000 25346000 1111987000 279196000 832791000 323221000 221238000 101983000 960120000 CASH AND CASH EQUIVALENTS 38672000 F PRIVATE EQUITY 101273000 F HEDGE FUNDS 166360000 F OTHER ALTERNATIVE INVESTMENTS 37587000 F OTHER INVESTMENTS 32641000 F 376533000 0 CAPITAL LEASE 33036000 INTEREST RATE SWAP AGREEMENTS 41159000 FEDERALLY FUNDED LOANS 28928000 103123000 Schedule D, Part V, Line 4 Spending policy income from Quasi endowment funds are to be used as designated by the board of trustees for operations. Term endowments are to be used as per the donor wishes upon termination of the contract. Spending policy income from True endowment funds are to be used as set forth by the donor. Currently these funds primarily support scholarships and professorships. true true true THE UNIVERSITY PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE LEGAL NOTICE SECTION OF LOCAL NEWSPAPERS AND IN ALL UNIVERSITY PUBLICATIONS AND ADVERTISEMENTS. true true true true false false false false false false false false true false THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FOR ITS FINANCIAL AID PROGRAMS FROM VARIOUS PROGRAMS OF THE DEPARTMENT OF EDUCATION AND THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. IN ADDITION, CERTAIN BONDS HAve BEEN ISSUED THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. true true Central America and the Caribbean Program Services CONFERENCE Central America and the Caribbean Program Services STUDY ABROAD East Asia and the Pacific Program Services ALUMNI ACTIVITIES East Asia and the Pacific Program Services CONFERENCE East Asia and the Pacific Program Services STUDY ABROAD Europe (Including Iceland and Greenland) Program Services ALUMNI ACTIVITIES Europe (Including Iceland and Greenland) Program Services CONFERENCE Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT Europe (Including Iceland and Greenland) Program Services STUDY ABROAD Middle East and North Africa Program Services ALUMNI ACTIVITIES Middle East and North Africa Program Services CONFERENCE Middle East and North Africa Program Services STUDENT RECRUITMENT Middle East and North Africa Program Services STUDY ABROAD North America Program Services ALUMNI ACTIVITIES North America Program Services CONFERENCE North America Program Services STUDENT RECRUITMENT North America Program Services STUDY ABROAD Russia and the Newly Independent States Program Services STUDENT RECRUITMENT Russia and the Newly Independent States Program Services STUDY ABROAD South America Program Services ALUMNI ACTIVITIES South America Program Services CONFERENCE South America Program Services STUDENT RECRUITMENT South America Program Services STUDY ABROAD South Asia Program Services CONFERENCE South Asia Program Services STUDENT RECRUITMENT South Asia Program Services STUDY ABROAD Sub-Saharan Africa Program Services RESEARCH Sub-Saharan Africa Program Services STUDY ABROAD Central America and the Caribbean Investments Europe (Including Iceland and Greenland) Investments Europe/Iceland/Greenland Sub-award 56651 wire North America Sub-award 20000 wire Middle East/North Africa Sub-award 7200 wire East Asia/Pacific Sub-award 45886 wire East Asia/Pacific Sub-award 75226 Wire 4 1 Schedule F, Part I, Column (F) Northeastern University does not currently track foreign expenditures separately. Therefore, pursuant to IRS guidance, disclosure in this column is not required in the current year. Schedule F, Part I, Line 2 Northeastern University (NU) charges research administration and finance to monitor awards and subawards related to sponsored programs. They perform the following: - NU follows Federal regulations as part of the subrecipient monitoring under A-133 - NU reviews the Federal Audit clearinghouse and institution's A-133 reports - Desk reviews are performed, and principal investigators approve all invoices X X X X X X X true Ruffalo Cody Phonathon Management false 987098 439306 547792 987098 439306 547792 MA GOLF TOURNAMENT 197325 87325 110000 0 1540 25000 15430 0 22641 GOLF TOURNAMENT 22070 0 22070 0 0 11076 3620 0 5520 5 52320 27281 25039 0 4480 11959 5741 0 998 271715 114606 157109 0 6020 48035 24791 0 29159 108005 49104 true Boston Univ Medical Campus 1 Medical Center Pl Boston MA 02118 043314093 501c3 32591 Sub-award Boston University 25 Buick Street Boston MA 02215 042103547 501c3 1113926 Sub-award Consumer Quality Initiatives 132 Kemble Street Boston MA 02119 043503523 501c3 121340 Sub-award Forsythe Institute 140 The Fenway Boston MA 02115 042104230 501c3 86202 Sub-award Fred Hutchinson Cancer Research Center 1100 Fairview Ave Seattle WA 98109 237156071 501c3 227414 Sub-award Georgetown University 37th O St NW Washington DC 20057 530196603 501c3 19807 Sub-award Georgia Tech Research Corp 505 10th Street NW Atlanta GA 30332 580603146 501c3 55943 Sub-award Harvard University 1350 Massachusetts Ave Cambridge MA 02138 042103580 501c3 191801 Sub-award Indiana University 509 E 3rd Street Bloomington IN 47401 356001673 501c3 150767 Sub-award Louisiana State University 202 Himes Hall Baton Rouge LA 70803 726000828 501c3 84348 Sub-award Louisiana Tech University 1051 N First St Baton Rouge LA 70804 726000720 501c3 9619 Sub-award Marine Biological Laboratory 7 MBL Street Woods Hole MA 02543 042104690 501c3 228565 Sub-award Mass College of Pharmacy 179 Longwood ave Boston MA 02115 042104700 501c3 10000 Sub-award Massachusetts General Hospital 55 Fruit Street Boston MA 02114 042697983 501c3 162643 Sub-award McLean Hospital 115 Mill Street Belmont MA 02478 042697981 501c3 277067 Sub-award Michigan State University 301 Admin Bldg East Lansing MI 48824 386005984 501c3 58175 Sub-award Middlesex Community College 591 Springs Road Bedford MA 01730 046002284 501c3 6165 Sub-award Morehouse College 830 Westview Drive Atlanta GA 30314 580566205 501c3 124553 Sub-award Museum of Science Science Park Boston MA 02114 042103916 501c3 85049 Sub-award National Institute of Aerospace 100 Exploration Way Hampton VA 23666 542065665 501c3 76902 Sub-award Northern Essex Community College 100 Elloitt Street Haverhill MA 01830 046002284 501c3 27218 Sub-award Northwestern University 619 Clark Street Evanston IL 60208 362167817 501c3 6124 Sub-award Ohio State University 901 Woody Hayes Dr Columbus OH 43210 316025986 501c3 50591 Sub-award Oregon Health & Science University 2525 SW First Avenue Portland OR 97201 931176109 501c3 45411 Sub-award Pennsylvania State University 408 Old Main Street University Park PA 16802 246000376 501c3 67520 Sub-award Public Health Advocacy Institute 102 the Fenway Boston MA 02115 042668916 501c3 359535 Sub-award Rensselaer Polytechnic Institute 110 8th Street Troy NY 12180 141340095 501c3 830810 Sub-award Rochester Institute of Technology 7 Lomb Memorial Dr Rochester NY 14623 160743140 501c3 28833 Sub-award Sandia National Laboratory PO Box 840140 Dallas TX 75284 850097942 36156 Sub-award Schepens Eye Research Institute 20 Staniford Street Boston MA 02114 042129889 501c3 145717 Sub-award Siemans Corp Research 755 College Road East Princeton NJ 08540 132623356 501c3 517990 Sub-award Spaulding Rehabilitation Hospital 125 Nashua Street Boston MA 02114 042551124 501c3 140330 Sub-award Spelman College 350 Spelman Lane SW Atlanta GA 30314 580566243 501c3 59655 Sub-award Temple University 1805 N Broad Street Philadelphia PA 19122 231365971 501c3 11962 Sub-award Texas Technical University Broadway Lubbock TX 79409 756002622 501c3 205205 Sub-award Trilion Quality Systems LLC 500 Davis Road Plymouth Meeting PA 19462 232980410 154877 Sub-award Tufts University 169 Holland Street Somerville MA 02144 042103634 501c3 73966 Sub-award Univ of Massachusetts 70 Butterfield Terr Amherst MA 01003 043167352 501c3 1477187 Sub-award Univ of Medicine & Dentistry 335 George Street New Brunswick NJ 08903 221775306 501c3 201018 Sub-award University of Connecticut 438 Whitney Street Storrs CT 06269 060772160 501c3 69889 Sub-award University of Hawaii 2530 Dole Street Honolulu HI 99164 996000354 501c3 103549 Sub-award University of Michigan 3089 Wolverine Tower Ann Arbor MI 48109 386006309 501c3 18881 Sub-award University of Minnesota 200 Osk Street Minneapolis MN 55455 416007513 501c3 55189 Sub-award University of Missouri 118 University Hall Columbia MO 65211 436003859 501c3 351925 Sub-award University of New Hampshire 51 College Road Durham NH 03824 026000937 501c3 834253 Sub-award University of North Carolina 104 Airport Drive Chapel Hill NC 27599 566001393 501c3 65397 Sub-award University of Notre Dame 415 Main bldg Notre Dame IN 46556 350868188 501c3 39638 Sub-award University of Pittsburgh 1817 Cathedral of Learning Pittsburgh PA 15260 250965591 501c3 16500 Sub-award University of Puerto Rico 1187 Flamboyan St San Juan PR 00926 660177776 501c3 597499 Sub-award University of Texas Austin 111 East 17th Street Austin TX 78774 746000089 501c3 75496 Sub-award University of Vermont 222 waterman Bldg Burlington VT 05404 030179440 501c3 83033 Sub-award University of Washington PO Box 43113 Olympia WA 98504 916001089 501c3 6385 Sub-award University of Wyoming 1000 E University Ave Laramie WY 82071 836000331 501c3 19963 Sub-award Urban Institute 2100 M Street NW Washington DC 20037 520880375 501c3 154232 Sub-award Virginia Polytechnic Institute 201 Burress Hall Blacksburg PA 24061 540231393 501c3 15191 Sub-award Virginia Union University 1500 N Lombardy St Richmond VA 23220 540524516 501c3 14200 Sub-award Washington State University PO Box 64133 Pullman WA 99164 916033434 501c3 411197 Sub-award Wellesley College 106 Central Street Wellesley MA 02481 042103637 501c3 6951 Sub-award Woods Hole Oceanographic Institute 569 Woods Hole Road Woods Hole MA 02543 042105850 501c3 116146 Sub-award 57 2 student financial aid 16212 181416000 cost tuition offset Schedule I, Part I, Line 2 Grant funding is awarded to students by Student Financial Services within established budget levels based on University policies. Grant funds are credited to individual student accounts electronically. student financial services works with advancement staff to ensure that restricted funds are awarded within established criteria, and with finance staff to determine availability of funds. Student financial services maintains internal policies and procedures for the correct awarding and adjusting of institutional funds. annual audits are conducted to assure compliance with all policies and procedures. Northeastern University (NU) has a full time employee to monitor sub awards. - NU follows Federal regulations as part of the subrecipient monitoring under A-133 - NU reviews the Federal Audit clearinghouse and institution's A-133 reports - Desk reviews are performed, and principal investigators approve all invoices X X X X true true X X X X X true true false false false false false true true true JOSEPH E AOUN 638226 0 177800 0 42650 0 56750 0 101035 0 1016461 0 0 0 JOHN H MCCARTHY 401104 0 0 0 15500 0 44500 0 8184 0 469288 0 0 0 PHILOMENA V MANTELLA 290282 0 0 0 4500 0 66167 0 1824 0 362773 0 0 0 MARK L PUTNAM 247990 0 0 0 1000 0 24500 0 31960 0 305450 0 0 0 SAMUEL B SOLOMON 152030 0 0 0 0 0 16000 0 15088 0 183118 0 0 0 DIANE N MACGILLIVRAY 333754 0 0 0 9500 0 24500 0 16093 0 383847 0 0 0 MICHAEL A ARMINI 193326 0 0 0 15000 0 20000 0 15304 0 243630 0 0 0 STEPHEN W DIRECTOR 447722 0 0 0 64645 0 24500 0 35955 0 572822 0 0 0 CAROL R SCHEMAN 150596 0 0 0 168462 0 0 0 5203 0 324261 0 0 0 MARC H MEYER 221753 0 0 0 168478 0 24500 0 2072 0 416803 0 0 0 ALEXANDROS MAKRIYANNIS 321527 0 0 0 212293 0 24500 0 1417 0 559737 0 0 0 BARRY L KARGER 258632 0 0 0 172982 0 24500 0 15446 0 471560 0 0 0 MICHAEL B SILEVITCH 255384 0 0 0 161069 0 24500 0 13687 0 454640 0 0 0 NANCY MAY 150640 0 0 0 15050 0 15495 0 6725 0 187910 0 0 0 Albert-Laszio Barabasi 245971 0 0 0 164376 0 24500 0 15573 0 450420 0 0 0 RICHARD M FREELAND 0 0 0 0 209690 0 0 0 0 0 209690 0 0 0 ROBERT P WEIR 228104 0 0 0 0 0 23725 0 13764 0 265593 0 0 0 VINCENT J LEMBO 239844 0 0 0 0 0 24400 0 17221 0 281465 0 0 0 CHRISTOPHER E HOPEY 246744 0 12500 0 2376 0 24500 0 15584 0 301704 0 0 0 ROBERT P GITTENS 194480 0 0 0 0 0 19899 0 13557 0 227936 0 0 0 EDWARD E KLOTZBIER 217193 0 0 0 0 0 19812 0 15294 0 252299 0 0 0 MARIAN J STANLEY 186166 0 0 0 0 0 18435 0 1149 0 205750 0 0 0 KATHERINE N PENDERGAST 168825 0 0 0 0 0 17845 0 15187 0 201857 0 0 0 JACK MOYNIHAN 171143 0 0 0 0 0 17691 0 13438 0 202272 0 0 0 SCHEDULE J, PART I, LINE 1 First class travel is provided for the President. First class travel is available only on transcontinental travel only when business class is not available and upon approval of the chairman of the board. Travel for business purposes is not included in taxable wages. The president's spouse travels on occasion with the president when necessary for business purposes and upon approval of the chairman of the board. Travel for business purposes is not included in taxable wages. Housing is provided for the president as a condition of employment for the convenience of the employer and is not included in taxable wages. A Housing allowance is provided to the provost and is included in taxable wages. Social club dues are provided for the President upon approval of the compensation committee of the board. Use of the Social club is for business purposes only and dues are not included in taxable wages. Schedule J, Part I, Line 4A As part of his retirement agreement, Northeastern makes payments to Richard M. Freeland, Former President, until his death. Mr. Freeland was compensated $209,690 in 2009. Carol Scheman, former Senior Vice President of External Affairs, had an agreement that she would receive a lump sum payment of 3 months' salary on June 30, 2009. If she had not accepted another position by September 30, 2009, she would receive another lump sum payment equal to 3 months' salary. Ms. Scheman was compensated a total of $150,000 in severance. Schedule J, Part I, Line 4b President Aoun's employment contract has a provision for post-presidential employment as a Northeastern University professor or an annuity, provided he remains through the term of his contract. Schedule J, Part I, Line 7 Payments which are part of a Variable pay plan are included in the section on Bonus and incentive compensation. This plan is based on achievement of pre-established goals. It is approved by the board of trustees for the President and other officers. Schedule J, Part I, Line 8 The President's contract is a 5 year contract, effective August 15, 2006 through August 14, 2011. The Provost's contract is a 5 year contract, effective July 1, 2008 through June 30, 2013. Schedule J, Part II President Aoun received payment in 2009 of $177,800 which was the payout of a three-year Long Term Incentive plan. This plan was part of his employment contract. The amount is reported in "bonus & incentive Compensation" (column bii). As of 7/1/2009, the by-laws of Northeastern University were amended such that the Vice Presidents are no longer considered Officers of the University. Therefore, they are disclosed, as applicable, as former officers. MHEFA SERIES R 042456011 57586C2Z7 2008-05-22 92267998 REFUND SERIES N BONDS false false MHEFA SERIES S 042456011 57586C3B9 2008-05-22 58747141 REFUND SERIES O BONDS false false MHEFA SERIES T 042456011 57586CZ40 2008-05-22 210000000 REFUND SERIES P BONDS false false MHEFA SERIES Y 042456011 57586EFE6 2009-02-05 64431595 NEW PROJECT/REFUND SERIES F,H,K false false MHEFA SERIES 2010A 042456011 57586ETH4 2010-03-18 266920206 REFUND SERIES I,Q,U,W false false 89493428 0 0 0 397803 0 90428585 2004 false false false true 58262586 0 0 0 200262 0 53790812 2006 false false true true 210000000 0 0 0 449970 0 206507000 2010 false false true true 59361952 0 0 0 536194 0 38000000 2010 false false true true 266374500 0 0 0 1281074 35115500 0 false false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false true true false true 0.04210 0.00000 0.04210 true false true true false false 0.02690 0.00000 0.02690 true false false false NA 0. false false false false false false false false false false true true AIG 30.8 false false false false false false false false false false false false false false false Stephen W Director Home Loan X 2000000 1960000 false true true thomas nedell home loan X 804000 654000 false true true 2614000 Peter Lembo Brother of NU Officer 80476 NU Employee false Ruffalo Cody Trustee Richard D'Amore 439306 Professional Fundraising Fees false EMC Corporation Trustee Joseph Tucci 2151772 provision of goods & services false Sally Solomon sister of nu officer 26347 NU Employee false X 1 0 X 0 X 4 0 X 43 773245 MARKET VALUE X EQUIPMENT 3 530700 market value 1 false true true Schedule M, Part I, column (b) Northeastern University reported the number of contributions. Schedule M, Part I, Line 32 Northeastern University hires a bank to sell its donated securities. Schedule M, Part I, Line 33 Northeastern University's accounting policy states that no revenue is to be recognized for gifts in kind unless there is an identifiable useful life or determinable market value. All gifts in kind are reviewed to determine if they meet either criteria. Mission Statement Form 990, Parts I and III, line 1 To educate students for a life of fulfillment and accomplishment. To create and translate knowledge to meet global and societal needs. This mission statement will inspire members of the University in whatever they do-as scholars, as teachers, as mentors, and as members of the Northeastern community. Northeastern's commitment to excellence, distinctiveness, and innovation led to the identification of five strategic themes that characterize the University's uniqueness: Experiential Learning, Interdisciplinary and Translational Research, Intellectual Life and Creative Expression, Urban Engagement, Global Opportunities. By concentrating efforts on these initiatives the University is better positioned to set priorities, make decisions, and focus resources that allow the institution to achieve its ambitions. Form 990, Part III, Line 4d Other program services consist of: Research, academic support, student services, and cooperative education. Form 990, Part VI, Lines 7a & 7b Members of the Corporation have the responsibility of electing members of the Corporation and the Board of Trustees, and approving the University's independent auditor. Form 990, Part VI, Line 11a The University's Form 990 review process is a collaborative effort. The core Form 990 and related schedules were reviewed by four committees of the Board of Trustees, senior management, an independent compensation consultant and a paid tax preparer. All feedback from the above parties was incorporated in the form. The Form 990 as filed is provided to the full board. Form 990, Part VI, Line 12c The Conflict of Interest Policy For Trustees, Overseers, Officers and Other Institutional Decision-Makers applies to all voting, lifetime and honorary members of the Board of Trustees; certain members of the Corporation; all officers; and all other Institutional Decision-Makers of Northeastern University. The policy requires that all Trustees, Officers and other Governing Board Members who serve on standing committees are required to adhere to a policy which requires disclosure in advance of any conflict; non-participation in decisions regarding the potential conflict; and an annual reporting of any conflicts for personal or third party involvement. The Secretary to the Board reviews the disclosures to determine whether any disclosures are sufficiently material that they should be brought to the attention of a sub-committee of the Trusteeship Committee. The sub-committee of the Trusteeship Committee shall determine whether any disclosed matter is of such significance that it merits reporting to the Board of Trustees or the Executive Committee. If so, the sub-committee shall recommend whether the disclosure requires approval or other action by the Board of Trustees or the Executive Committee. It shall be sole prerogative of the Board of Trustees or Executive Committee to approve or take other action related to a conflicts disclosure, including determining whether or not a transaction related to a disclosure should be permitted (if the transaction has not been finalized) or continued (if the transaction has already begun). Persons covered by this policy are required to refrain from making any decision about, and from participating in any consideration of, any transaction or other matter within the letter or spirit of this policy, except that he or she may respond to requests for information by the President or any disinterested Trustee concerning the matter. The Conflict of Interest and Commitment Policy in the Faculty Handbook applies to all members of Northeastern's faculty and research staff including faculty members serving as University officers (collectively referred to as 'the Faculty.') Annually, Faculty are required to submit a Conflict of Interest and Commitment Disclosure statement that requires disclosure of any relationships that would present the appearance of a conflict. These disclosure forms are reviewed by the Director of Institutional Audit, Compliance & Risk Services to determine whether any disclosures are sufficiently material that they should be brought to the attention of the appropriate College Dean for review. The policy provides College Deans with the primary responsibility for ensuring implementation of this policy and authority to review and approve exceptions to the policy. All employees are required to submit a Conflict of Interest and Commitment Disclosure statement that requires disclosure of any significant financial interest relationship as defined and disclosure of any gift over $100 from a single third party seeking benefit from the University. These disclosure forms are reviewed by the Director of Institutional Audit, Compliance & Risk Services to determine whether any disclosures are sufficiently material that they should be brought to the attention of the appropriate unit Dean, Vice-President or Director for review. The unit Dean, Vice-President or Director are responsible for reviewing the identified conflict and for resolving those conflicts appropriately. Form 990, Part VI, Section B, Line 15b NORTHEASTERN UNIVERSITY FOLLOWS A CAREFULLY DEFINED PROCESS FOr REVIEWING SENIOR EXECUTIVE COMPENSATION LEVELS. THIS PROCESS EMBRACES THE BEST PRACTICES UTILIZED IN THE HIGHER EDUCATION INDUSTRY. IN 2009, NORTHEASTERN CONDUCTED A COMPETITIVE PAY ASSESSMENT USING MULTIPLE MARKET REFERENCES, INCLUDING SURVEYS REPRESENTING SIMILAR UNIVERSITIES AND OTHER RELEVANT LABOR MARKETS (AS APPLICABLE FOR CERTAIN POSITIONS). THE ASSESSMENT IS BASED ON PEER REFERENCES THAT REFLECT OTHER UNIVERSITIES OF SIMILAR SIZE AND PROMINENCE WITH WHICH NORTHEASTERN COMPETES FOR EXECUTIVE TALENT. THE PAY ASSESSMENT WAS THEN REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHO PROVIDED AN ASSESSMENT OF THE REASONABLENESS OF THIS ANALYSIS. THE INDEPENDENT CONSULTANT ALSO PROVIDED ADDITIONAL PROPRIETARY COMPENSATION MARKET DATA AND OBSERVATIONS REGARDING THE APPROACHES USED. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS CONTINUED TO ENGAGE TOWERS WATSON AS ITS INDEPENDENT COMPENSATION CONSULTANT, WITH THE EXPECTATION THAT ITS PROCESSES AND PROCEDURES WOULD CONTINUE TO EVOLVE TO REFLECT EMERGING BEST PRACTICES. THE COMPETITIVE PAY ASSESSMENT AND INDEPENDENT CONSULTANT REVIEW WERE PROVIDED TO THE PRESIDENT FOR HIS USE IN MAKING SALARY AND BONUS RECOMMENDATIONS TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE REVIEWED THE COMPETITIVE INFORMATION,DISCUSSED POTENTIAL COMPENSATION CHANGES, AND VOTED TO APPROVE THE FINAL RECOMMENDATIONS, WHICH WERE THEN PRESENTED TO THE FULL BOARD OF TRUSTEES. THE BOARD ALSO VOTED TO APPROVE THE RECOMMENDATIONS. THESE DISCUSSIONS AND RESULTING APPROVALS ARE DOCUMENTED IN THE MINUTES OF EACH MEETING. THE OFFICERS INCLUDED IN THIS PROCESS DURING 2009 WERE: JOSEPH E. AOUN, PRESIDENT STEPHEN W. DIRECTOR, PROVOST DIANE N. MACGILLIVRAY, SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT PHILOMENA V. MANTELLA, SENIOR VICE PRESIDENT FOR ENROLLMENT MANAGEMENT AND STUDENT LIFE JOHN H. MCCARTHY, SENIOR VICE PRESIDENT FOR ADMINISTRATION & FINANCE MARK L. PUTNAM, SENIOR VICE PRESIDENT FOR EXECUTIVE AFFAIRS CAROL SCHEMAN, SENIOR VICE PRESIDENT FOR EXTERNAL AFFAIRS VINCENT J. LEMBO, VICE PRESIDENT & GENERAL COUNSEL SAMUEL B. SOLOMON, DIRECTOR OF FINANCE & TREASURER Form 990, Part VI, Section C, Line 19 Original hard cover Financial Statements and Governing documents are available upon request. The Conflict of interest policy and the annual financial statements are available via the internet at www.NEU.EDU. Form 990, Part VII, Column (B) 40 hours constitutes a full-time equivalent employee at Northeastern University. 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