2026-03-19T09:35:45-05:00 2025-05-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2024-06-01 010211810 University of New England UNIV 2076022312 11 Hills Beach Road Biddeford ME 04005 James Irwin Senior VP of Finance & Admin. 2076022312 2026-03-17 1 1 Joseph R Byrne P01289281 2077752387 2026-03-17 2024 2025-03-06 01:10:19Z James D Herbert PhD 11 Hills Beach Road Biddeford ME 04005 398528136 0 X www.une.edu X 1831 ME The University of New England prepares students to thrive in a rapidly-changing world and, in so doing, to improve the health of people, communities, and our planet. 24 22 3178 24 401754 0 29185847 40944425 241361757 254610000 25901443 20108449 6937192 7172732 303386239 322835606 46196910 48388098 0 0 124034173 136016154 0 0 3424092 86205657 92914385 256436740 277318637 46949499 45516969 788821790 847931625 203352636 202375604 585469154 645556021 X The University of New England prepares students to thrive in a rapidly-changing world and, in so doing, to improve the health of people, communities, and our planet. 0 0 220486332 48388098 227333101 COLLEGE OF OSTEOPATHIC MEDICINE: The College of Osteopathic Medicine is dedicated to the improvement of life through the education of Osteopathic physicians, research and service. The nationally recognized College emphasizes health, healing and primary care for the people of New England and the nation. The College is the only medical school in Maine and the only osteopathic medical school in New England. The College is housed on the Portland campus, an historic site in suburban Portland, Maine. WESTBROOK COLLEGE OF HEALTH PROFESSIONS: The Westbrook College of Health Professions offers both undergraduate and graduate programs. Undergraduate programs include dental hygiene, nursing, applied exercise science, nutrition, public health, social work, pre-pharmacy and athletic training. Graduate programs include athletic training, nurse anesthesia, occupational therapy, pharmacy, physician assistant and physical therapy. The College offers three doctorates in physical therapy, nurse anesthesia and pharmacy. The Doctorate of pharmacy has its own school (School of Pharmacy). The College has state-of-the-art educational facilities and has pioneered the model of inter-professional education, which is housed on the Portland campus, in suburban Portland, Maine. COLLEGE OF PROFESSIONAL STUDIES - UNE ONLINE: The College partners with the University's other five colleges to provide programmatic, financial and logistical support to students enrolled in online programs, while ensuring excellence in professional and graduate education and consistency in maintaining the highest academic standards. GLOBAL EDUCATION: The Global Education program develops and promotes global education and research opportunities. Students can study abroad via partnerships in Spain, France and Iceland or on our campus in Morocco. In 2014, the University opened its campus in Tangier, Morocco. The program enables students to choose from courses in the sciences, humanities, social sciences, business and the arts including lab science courses. Students gain a global perspective without experiencing any delay in the curriculum required for their major. RESEARCH: The University receives grants from a number of prestigious national sources including the National Science Foundation, U.S. Department of Health and Human Services, National Institute of Health, National Oceanic and Atmospheric Administration, U.S. Department of Agriculture, U.S. Department of the Interior, U.S. Department of Commerce, U.S. Department of Energy and National Aeronautics and Space Administration. The University has several research centers, including the Centers for Excellence focusing in Aging and Health, Collaborative Education, Public Health, Neurosciences, Digital Health, Marine Sciences, Study Pain and Sensory Function, and North Atlantic Studies. 28084442 33113523 Auxiliary services for the delivery of higher education include room and board for over 1,500 students. The mission is to work in partnership with resident students to create a healthy and positive residential community that enhances academic pursuits and provides opportunities for personal, social and spiritual growth. The goal is to promote an atmosphere rooted in civility and personal responsibility, and encourage reflective thinking and active involvement. The staff strives to teach, model, and learn with the students the values of community, inquiry, integrity, and caring. Maintaining a close relationship with Student Activities creates a positive impact on campus life for the entire University. Students are encouraged to actively engage in many arenas to become more deeply involved in the University, and thereby in their own education. These experiences outside the classroom can truly enhance those experiences students have within the classroom. Additional facts: University of New England Dining Services: Using input from students through comment boards, personal contacts between students and Food Service Managers, and regular meetings with campus Dining Advisory Committees, the University's dining services is able to stay in step with the students' needs and desires. All new UNE students are encouraged to take advantage of any of the above methods of connecting in order to maintain an innovative and creative dining that meets students' diverse dietary needs. 248570774 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 12313 0 1 3178 1 1 1 1 MO 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X Anthony Sorrentino - Controller 2076022312 11 Hills Beach Road Biddeford ME 04005 James D Herbert President 40.00 0.00 X X 814381 0 213306 Regan Gallagher Board Chair 5.00 0.00 X X 0 0 0 E Story Cleland Landis Board Vice Chair 5.00 0.00 X X 0 0 0 Cheri L Walker Treasurer 5.00 0.00 X X 0 0 0 Mason Irving III Secretary 5.00 0.00 X X 0 0 0 James Brady Board Member 1.00 0.00 X 0 0 0 Todd Cesca Board Member 1.00 0.00 X 0 0 0 Calen B Colby Board Member 1.00 0.00 X 0 0 0 David Engle Board Member 1.00 0.00 X 0 0 0 Fran Girard Board Member 1.00 0.00 X 0 0 0 Suzanne Iovanna Board Member 1.00 0.00 X 0 0 0 Robert Leonard Board Member 1.00 0.00 X 0 0 0 Mark Malone Board Member 1.00 0.00 X 0 0 0 Jean Ginn Marvin Board Member 1.00 0.00 X 0 0 0 Daniel P McCormack Board Member 1.00 0.00 X 0 0 0 Dimitri Michaud Board Member 1.00 0.00 X 0 0 0 Julie Mostov Board Member 1.00 0.00 X 0 0 0 Ford Reiche Board Member 1.00 0.00 X 0 0 0 Richard Roderick Board Member 1.00 0.00 X 0 0 0 Aleister Saunders Board Member 1.00 0.00 X 0 0 0 Justin H Schair Board Member 1.00 0.00 X 0 0 0 Stephen Shannon Board Member 1.00 0.00 X 0 0 0 Kate Snyder Board Member 1.00 0.00 X 0 0 0 Lawrence Wold Board Member 1.00 0.00 X 0 0 0 George M Locarno Past Board Member 1.00 0.00 X 0 0 0 James Irwin SVP for Finance & Admin/CFO 40.00 0.00 X 351352 0 54081 Gwendolyn Mahon Provost/SVP for Academic Affairs 40.00 0.00 X 481440 0 27906 Jane Carriero Dean Osteopathic Med/VP Hlth Affairs 40.00 0.00 X 438354 0 46024 Guy DeFeo Sr. Assoc. Dean for Clinical Educ. 40.00 0.00 X 289331 0 113521 Nicole Kimmes Dean of College of Dental Medicine 40.00 0.00 X 322260 0 48805 Stacey Pierce-Talsma Associate Dean of Academic Affairs 40.00 0.00 X 288111 0 35507 Ronald Schneider General Counsel/VP of Legal Affairs 40.00 0.00 X 298664 0 9719 Philip Shapiro Former SVP Finance/Assoc. VP Invest. 40.00 0.00 X 209416 0 16635 Karen Pardue Former Provost/Associate Provost 40.00 0.00 X 172875 0 42094 3666184 0 607598 216 1 1 0 Ledgewood Construction 27 Main Street South Portland ME 04106 Construction 25962658 Eat'N Park Hospitality Group Inc PO Box 644091 Pittsburgh PA 152644901 Food Services 6412772 Ellucian Company LP 62578 Collections Center Drive Chicago IL 60693 ITS Services 5338421 AlliedCook Construction Corp PO Box 1568 Scarborough ME 04074 Construction 2204177 Bernstein Shur 100 Middle Street PO Box 9729 Portland ME 041045029 Legal Services 2004607 40 22324955 18619470 3290716 40944425 Tuition & Fees 611310 227502791 227502791 Residence & Dining Halls 611310 27107209 27107209 254610000 15753924 15753924 80001324 45731 75692530 0 4308794 45731 4354525 4354525 Health Centers 611310 4670205 4670205 Other Auxiliary Income 611310 1336109 401754 934355 Other Revenue 611310 1166418 1166418 7172732 322835606 260446623 401754 21042804 48388098 48388098 2489043 140029 1633961 715053 102604924 92209859 8776940 1618125 5344500 4696406 529441 118653 19350492 16995985 2125971 228536 6227195 5472063 616883 138249 130800 65400 65400 156286 156286 762557 762557 455 455 4696950 3137267 1558649 1034 6571357 6497810 65716 7831 1720296 860148 860148 5575731 5533037 40790 1904 3199662 2963407 176569 59686 1220411 1118976 101435 4624878 4139779 485099 13367187 13367187 1983543 281967 1701576 Other Expense 15787624 14522654 836673 428297 Other Fees & Permits 14841945 14841945 Software & Small Equipm 12883663 7947717 4930657 5289 Room & Board 5391040 5391040 277318637 248570774 25323771 3424092 X 61206533 53493580 15367625 26024735 7386086 7215829 2091069 1436362 4449413 4277716 433123398 153984937 258902517 279138461 410642193 443070935 28776354 33274007 788821790 847931625 20902675 20519671 439639 1073810 20232090 21631614 124751905 120702016 24613826 22750603 12412501 15697890 203352636 202375604 X 510852583 583213528 74616571 62342493 585469154 645556021 788821790 847931625 45516969 14569898 0 X 0 1 X 1 1 1 X 24862010 30668394 27383345 29185847 40944425 153044021 24862010 30668394 27383345 29185847 40944425 153044021 3537413 149506608 1313737 2356267 13622319 17977453 15753924 51023700 6180217 5532709 6295017 6555452 6770978 31334373 235402094 1202218422 0.63510 0.64790 X Schedule A, Part II, Line 10, Explanation of Other Income: Health Centers - 2020 Amount: $ 4,782,623. 2021 Amount: $ 4,249,765. 2022 Amount: $ 4,650,164. 2023 Amount: $ 4,604,721. 2024 Amount: $ 4,670,205. Other Auxiliary Income - 2020 Amount: $ 362,114. 2021 Amount: $ 623,194. 2022 Amount: $ 721,908. 2023 Amount: $ 949,932. 2024 Amount: $ 934,355. All Other Revenue - 2020 Amount: $ 1,035,480. 2021 Amount: $ 659,750. 2022 Amount: $ 922,945. 2023 Amount: $ 1,000,799. 2024 Amount: $ 1,166,418. Conferences - Schedule A, Part I, Line 7: The basis of the University of New England's public charity status has been and continues to be its qualification as a school described in Section 170(B)(1)(A)(II). The Organization has checked box 7 on Schedule A, Part I and completed Section A, Part II in order to demonstrate its qualification to follow the specific rule for abbreviated reporting of contributions on Form 990, Schedule B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 4 188.00 0 0 0 1 0 0.00 0 1 0 151567 0 0 X X X X 0 330754456 79244753 28766267 1734820 437030656 176069053 121140048 34520880 975525 330754456 84452651 90683512 2115422 1182532 176069053 50079209 39953622 -3352912 2227268 84452651 39208629 563114 12503771 2196305 50079209 0.88133 0.11867 0.00000 0 0 7058693 7058693 357513708 126006902 231506806 36204803 19075165 17129638 32346194 8902870 23443324 279138461 Refundable Student Loan Programs 2215136 Asset Retirement Obligation 1598039 Lease Obligation 11884715 15697890 X 287769750 14569898 14569898 273199852 762557 48873197 49635754 322835606 227682883 0 227682883 762557 48873197 49635754 277318637 Part II, Line 9: There are no revenues or costs incurred related to the University's conservation easements. Part III, Line 4: The University houses the Maine Women Writer's Collection of literature. In addition, art galleries are located on the Biddeford and Portland campuses that exhibit paintings and other works of art. These collections and exhibits further the liberal arts curriculum and scholarly activities. Part V, Line 4: The University disburses endowment funds in accordance with donor wishes. Most of the donor restricted endowments are for student scholarships. If the endowment has no restrictions or if the endowment is board designated, the funds may be used at the discretion of the Board of Trustees. Part X, Line 2: The University is exempt from income taxes under Internal Revenue Code (Code) Section 501(c)(3) whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to income tax. The University records income tax liabilities and assets using a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The University does not believe that there are any unrecognized tax benefits or costs that should be recorded in the financial statements. The University is subject to audits by taxing jurisdictions and provisions for audit adjustments, if any, are included in the financial statements when estimable. Part XI, Line 4b - Other Adjustments: Scholarships 48,388,098. Constructions Bond Interest 485,099. Part XII, Line 4b - Other Adjustments: Scholarships 48,388,098. Constructions Bond Interest 485,099. Schedule D, Part V, Line 1b: Included in the contribution amount are transfers of internal funds of $77,500,000 and $120,000,000 for FY25 and FY24, respectively. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Publicized in employment ads, brochures, catalogs, etc. Schedule E, Part I, Line 6 The University receives Title IV and Title VII educational assistance for its students. Middle East and North Africa 1 11 Program Services Education 1655684 1 11 0 0 1 11 1655684 0 1655684 0 0 0 0 0 0 1 Scholarships and grants to students attending the University. 2638 48388098 FMV Tuition Discount Part I, Line 2: The University's Office of Student Financial Services awards all Federal and State Financial aid grants in accordance with the Federal and State regulations. Donor restricted grants are awarded in accordance with the donor's wishes. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 James D Herbert President 684612 0 94786 0 34983 0 177600 0 35706 0 1027687 0 0 0 Gwendolyn Mahon Provost/SVP for Academic Affairs 470260 0 0 0 11180 0 27600 0 306 0 509346 0 0 0 Jane Carriero Dean Osteopathic Med/VP Hlth Affairs 423852 0 0 0 14502 0 27600 0 18424 0 484378 0 0 0 James Irwin SVP for Finance & Admin/CFO 345064 0 0 0 6288 0 27600 0 26481 0 405433 0 0 0 Guy DeFeo Sr. Assoc. Dean for Clinical Educ. 277500 0 0 0 11831 0 23704 0 89817 0 402852 0 0 0 Nicole Kimmes Dean of College of Dental Medicine 307737 0 0 0 14523 0 23000 0 25805 0 371065 0 0 0 Stacey Pierce-Talsma Associate Dean of Academic Affairs 286695 0 0 0 1416 0 23000 0 12507 0 323618 0 0 0 Ronald Schneider General Counsel/VP of Legal Affairs 295514 0 0 0 3150 0 0 0 9719 0 308383 0 0 0 Philip Shapiro Former SVP Finance/Assoc. VP Invest. 207939 0 0 0 1477 0 16635 0 0 0 226051 0 0 0 Karen Pardue Former Provost/Associate Provost 172750 0 0 0 125 0 16372 0 25722 0 214969 0 0 0 Part I, Line 1a For the President: Social club dues, whose members are business leaders in the local community; housing residence provided for the convenience of the University; travel for companion of a family member for a bona fide business purpose of the University. Payments grossed up for inclusion in wages are (1) Social club dues for the president; (2) Cell phone allowances for top financial officer, one former officer, and three of the highest compensated employees. The allowance is available to all qualified employees; (3) Identity theft coverage for the president, top financial officer; one former officer and one former key employee; (4) Service recognition award for one of the highest compensated employees. The recognition award is available to all qualified employees. Part I, Line 4b The president participates in a supplemental non-qualified retirement plan with unpaid current fiscal year benefits reported on Schedule J, Part II, Column C. Part I, Line 7 Bonus pay was made to the president as approved by the Board of Trustees. A Maine Health and Higher Education Facilities Authority 010314384 56042RGG1 2017-03-02 50013821 Administrative & academic buildings 0 0 0 B Maine Health and Higher Education Facilities Authority 010314384 56042RME9 2017-10-11 44143459 Refund 2008C & 2009A 0 0 0 C Maine Health and Higher Education Facilities Authority 010314384 56042RY22 2021-12-15 51941676 Refund 2011C & construct academic building 0 0 0 A 6265000 50161294 513821 49647473 2018 0 0 1 1 B 9945000 44143532 427336 43716196 2019 1 0 1 1 C 2280000 54485449 424223 42543774 11517452 2024 1 0 0 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Maine Health and Higher Education Facilities Authority Date the Rebate Computation was Performed: 05/31/2025 Issuer Name: Maine Health and Higher Education Facilities Authority Date the Rebate Computation was Performed: 05/31/2025 Issuer Name: Maine Health and Higher Education Facilities Authority Date the Rebate Computation was Performed: 05/31/2025 Schedule K, Part I, Column (f), Row (B): Date of original issuance was 06/19/08 for 2008C and 11/17/10 for 2009A. Schedule K, Part I, Column (f), Row (C): Date of original issuance was 11/30/2011 for 2011C. Schedule K, Part II, Line 3, Column A: Does not equal issue price due to investment earnings. Schedule K, Part II, Line 3, Column B: Does not equal issue price due to investment earnings. Schedule K, Part II, Line 3, Column C: Does not equal issue price due to investment earnings. Sally McCormack Tutt Family member of Daniel McCormack. Board Member 173323 Employment 0 Linda Brandsma Family member of James Herbert, President 40854 Employment 0 X 32102 Fair Market Value X 1 1 Fair Market Value X 15 3253913 Sale of Stock X 2 4700 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b Prior to filing, the 990 is reviewed by the Legal Affairs and Audit Committee of the Board and is made available to each member of the Board. Form 990, Part VI, Section B, line 12c Trustees and board officers are required to submit a conflict of interest report on an annual basis. The reports are reviewed by the Chair of the Legal Affairs and Audit Committee, who in turn, communicates any conflicts to the board officers for determination and proper resolution of the conflict if needed. Should an issue arise in which a board member has a direct conflict resulting in potential personal benefit, the individual is required to recuse themselves from any and all board activities related to the conflict. In addition, all University employees must annually complete a training module regarding codes of conflict that includes requirements to avoid and/or declare known conflicts of interest related to the positions they hold. Form 990, Part VI, Section B, line 15 The Compensation Committee, as empowered by the Board of Trustees, engages an outside consulting firm to review and ensure that the President's compensation is reasonable in comparison to compensation for presidents at like institutions. Minutes are kept for the Compensation Committee meetings. The Compensation Committee reports its conclusions and any contract revisions to the full board prior to executing a contract. The President of the University in consultation with the Department of Human Resources and engaged search firms sets salaries for key executives and periodically reviews independent salary data from similar institutions to ensure that salaries and wages are within the appropriate range. Form 990, Part VI, Section C, line 19 Financial statements, conflict of interest policy, and governing documents are available upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment: Section 1.263(a)-3(n) Election: University of New England 11 Hills Beach Road Biddeford, ME 04005 EIN 01-0211810 University of New England is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Davis Family Foundation 30 Forest Falls Dr Ste 5 Yarmouth ME 04096 010390443 To award grants ME 501(c)(3) Line 12a, I N/A 0 Robert E and Elizabeth L Kahn Family Foundation 45 Sanborn Road East Kingston NH 03827 046894552 To award grants MA 501(c)(3) Line 12c, III-FI N/A 0 Pooled Income Fund (2) Split - Interest Agreements ME University of New England 1 Charitable Remainder Trust (2) Split - Interest Agreements ME University of New England 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0