FURP.ORG / PUBLIC DATA EXPLORER

SUFFOLK UNIVERSITY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SUFFOLK UNIVERSITY (EIN 04-2133255)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-13
IRS object ID
202601339349309120
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-13T18:35:15-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263753134PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CBIZ ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET 17TH FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042133255EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SUFFOLK UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSUFFBusinessNameControlTxt
Phone6175738400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 ASHBURTON PLACEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBARBARA MATEZPersonNm
Person TitleCFO & TREASURERPersonTitleTxt
Phone6175738400PhoneNum
Signature2026-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCRAIG KLEINPreparerPersonNm
PTINP00734640PTIN
Phone6178075000PhoneNum
Preparation2026-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARISA KELLYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 ASHBURTON PLACEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$372,286,152GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SUFFOLK.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1914FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.ActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee3334TotalEmployeeCnt
Total Volunteers701TotalVolunteersCnt
Total Gross UBI$2,803,547TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$28,621NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$12,467,177PYContributionsGrantsAmt
CY Contributions Grants$13,857,079CYContributionsGrantsAmt
PY Program Service Revenue$324,786,614PYProgramServiceRevenueAmt
CY Program Service Revenue$328,946,895CYProgramServiceRevenueAmt
PY Investment Income$7,499,725PYInvestmentIncomeAmt
CY Investment Income$7,809,960CYInvestmentIncomeAmt
PY Other Revenue$7,508,268PYOtherRevenueAmt
CY Other Revenue$8,035,356CYOtherRevenueAmt
PY Total Revenue$352,261,784PYTotalRevenueAmt
CY Total Revenue$358,649,290CYTotalRevenueAmt
PY Grants And Similar Paid$130,540,471PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$132,611,373CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$142,842,725PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$146,234,231CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,883,912CYTotalFundraisingExpenseAmt
PY Other Expenses$115,030,026PYOtherExpensesAmt
CY Other Expenses$107,611,605CYOtherExpensesAmt
PY Total Expenses$388,413,222PYTotalExpensesAmt
CY Total Expenses$386,457,209CYTotalExpensesAmt
PY Revenues Less Expenses-$36,151,438PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$27,807,919CYRevenuesLessExpensesAmt
Total Assets BOY$833,435,577TotalAssetsBOYAmt
Total Assets EOY$891,512,276TotalAssetsEOYAmt
Total Liabilities BOY$537,833,316TotalLiabilitiesBOYAmt
Total Liabilities EOY$606,804,082TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$295,602,261NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$284,708,194NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$149,753,112ExpenseAmt
Grant$65,750,997GrantAmt
Revenue$156,741,916RevenueAmt
DescTHE COLLEGE OF ARTS AND SCIENCES PREPARES STUDENTS OF ALL AGES AND BACKGROUNDS TO LIVE MORE FULFILLING LIVES, TO APPRECIATE AND CONTRIBUTE TO THE COMMUNITIES OF WHICH THEY ARE MEMBERS AND TO REACH THEIR ETHICAL, PERSONAL, INTELLECTUAL AND FINANCIAL GOALS. TO HELP ITS STUDENTS MAXIMIZE THEIR POTENTIAL, THE COLLEGE EMPHASIZES CRITICAL AND ANALYTICAL THINKING THROUGH A RIGOROUS "SUCCESS SKILLS" UNDERGRADUATE CORE PROGRAM IN WRITTEN AND ORAL COMMUNICATION, COMPUTING, ANALYZING, AND INTEGRATING. FACULTY SCHOLARSHIP SUPPORTS DIVERSIFIED LIBERAL ARTS CONCENTRATIONS AVAILABLE IN THE HUMANITIES, THE NATURAL SCIENCES AND THE SOCIAL SCIENCES, ALONG WITH GRADUATE PROGRAMS IN SEVERAL FIELDS, MOST OFFERING CAREER-RELATED PROFESSIONAL PROGRAM TRACKS AND PRACTICAL EXPERIENCE ON OR OFF CAMPUS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$108,199,689ExpenseAmt
Grant$43,902,179GrantAmt
Revenue$101,768,340RevenueAmt
DescTHE SAWYER BUSINESS SCHOOL (SBS) CREATES A LEARNING ENVIRONMENT THAT ENABLES STUDENTS TO EMERGE AS SUCCESSFUL LEADERS IN THE PRACTICE OF GLOBAL BUSINESS AND PUBLIC SERVICES. THE SBS VALUES EXCELLENCE IN EDUCATION AND RESEARCH, AND WORKS WITH ITS STUDENTS, ALUMNI, AND BUSINESS PARTNERS TO ACHIEVE THEIR GOALS. THE PROGRAMS ARE BUILT ON THE CORE VALUES OF PROMOTING OPPORTUNITY, EXCELLENCE, QUALITY TEACHING, INCLUSION AND COLLABORATION, AND EXCEPTIONAL SERVICE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$70,575,034ExpenseAmt
Grant$22,958,197GrantAmt
Revenue$70,663,115RevenueAmt
DescTHE LAW SCHOOL IS DEDICATED TO WELCOMING STUDENTS FROM ALL BACKGROUNDS AND CIRCUMSTANCES AND EDUCATING THEM TO BECOME HIGHLY SKILLED AND ETHICAL LAWYERS WHO ARE WELL-PREPARED TO SERVE IN THEIR LOCAL COMMUNITIES, ACROSS THE NATION, AND AROUND THE WORLD. THE LAW SCHOOL SEEKS TO DEVELOP IN ITS STUDENTS THE SKILLS NECESSARY TO SERVE THE PROFESSION'S CHANGING NEEDS IN AN INCREASINGLY DIVERSE, GLOBAL, AND TECHNOLOGICALLY-DEPENDENT SOCIETY. THE LAW SCHOOL'S GOAL IS TO PROVIDE ITS STUDENTS WITH ACCESS TO AN EXCELLENT LEGAL EDUCATION, INSPIRE A COMMITMENT TO JUSTICE, AND PROVIDE ITS GRADUATES THE OPPORTUNITY TO ACHIEVE THEIR CAREER ASPIRATIONS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$328,527,835TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document544IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3334EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountrySPForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members26GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BARBARA MATEZ CFO & TREASURERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6175738400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 ASHBURTON PLACEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MARISA KELLY
PRESIDENT, EX-OFFICIO TRUSTEE50.00Yes (X)Yes (X)$888,855$0$75,632
ROBERT C LAMB JR
TRUSTEE/CHAIR1.00Yes (X)$0$0$0
TAMELA BAILEY
TRUSTEE1.00Yes (X)$0$0$0
DANNY BEST
TRUSTEE1.00Yes (X)$0$0$0
PATRICK COEHLO
TRUSTEE1.00Yes (X)$0$0$0
SUSAN CONNELLY
TRUSTEE1.00Yes (X)$0$0$0
JOSEPH DELISI
TRUSTEE1.00Yes (X)$0$0$0
MARIA DIPIETRO
TRUSTEE1.00Yes (X)$0$0$0
DARREN DONOVAN
TRUSTEE (UNTIL 2/4/2025)1.00Yes (X)$0$0$0
JEFFREY DRAGO
TRUSTEE1.00Yes (X)$0$0$0
CHRISTINE GARVEY
TRUSTEE1.00Yes (X)$0$0$0
ERNST GUERRIER
TRUSTEE1.00Yes (X)$0$0$0
HIND HABBACH
TRUSTEE (UNTIL 6/13/2025)1.00Yes (X)$0$0$0
MICHAEL JAMES
TRUSTEE1.00Yes (X)$0$0$0
PATRICK JORDAN
TRUSTEE1.00Yes (X)$0$0$0
ROBYN LAUKIEN
TRUSTEE1.00Yes (X)$0$0$0
KONSTANTINOS LIGRIS
TRUSTEE1.00Yes (X)$0$0$0
MANUEL LOPES
TRUSTEE1.00Yes (X)$0$0$0
JANE MANCINI
TRUSTEE1.00Yes (X)$0$0$0
STACY MILLS
TRUSTEE1.00Yes (X)$0$0$0
THE HONORABLE AMY NECHTEM
TRUSTEE/VICE CHAIR (UNTIL 6/13/25)1.00Yes (X)$0$0$0
SUSAN RUGNETTA
TRUSTEE (UNTIL 6/13/25)1.00Yes (X)$0$0$0
DOROTHY SAVARESE
TRUSTEE/VICE CHAIR (EFF. 6/13/25)1.00Yes (X)$0$0$0
MARIE-LOUISE SKAFTE
TRUSTEE/SECRETARY1.00Yes (X)$0$0$0
LARRY SMITH
TRUSTEE (UNTIL 10/15/24)1.00Yes (X)$0$0$0
JOSEPH SULLIVAN
TRUSTEE1.00Yes (X)$0$0$0
MARK SULLIVAN
TRUSTEE1.00Yes (X)$0$0$0
KENNETH TAUBES
TRUSTEE1.00Yes (X)$0$0$0
BRAYDEN VARR
TRUSTEE1.00Yes (X)$0$0$0
CAROL SAWYER PARKS
LIFE TRUSTEE1.00Yes (X)$0$0$0
DONNA GRAND PRE
SVP/ENROLLMENT50.00Yes (X)$284,456$0$64,516
JOHN NUCCI
SVP/GOV'T & COMMUNITY AFFAIRS50.00Yes (X)$268,726$0$23,677
MICHELLE QUINLAN
CFO/TREASURER (UNITL FEB. 2025)50.00Yes (X)$341,163$0$68,727
RICK OCHES
PROVOST (AS OF 8/1/24)50.00Yes (X)$164,557$0$20,532
BARBARA MATEZ
CFO/TREASURER (AS OF FEB. 2025)50.00Yes (X)$0$0$0
ANDREW PERLMAN
DEAN, LAW SCHOOL50.00$455,318$0$82,813Yes (X)
AMY ZENG
DEAN, SAWYER BUSINESS SCHOOL50.00$394,258$0$47,123Yes (X)
THOMAS DORER
GENERAL COUNSEL50.00$319,994$0$79,655Yes (X)
GREGOR GATLIN
VP/MARKETING & COMMUNICATION50.00$312,125$0$70,211Yes (X)
BORIS LAZIC
VP OF ADMINISTRATION50.00$346,438$0$33,088Yes (X)
LAURA FERRARI
VP OF STUDENT AFFAIRS50.00$279,107$0$59,609Yes (X)
EDIE SPARKS
DEAN, COLLEGE ARTS AND SCIENCE50.00$306,371$0$54,601Yes (X)
KARIN KLIMM
VP OF ADVANCEMENT50.00$347,745$0$77,988Yes (X)
CHRISTOPHER GIBSON
PROFESSOR50.00$221,821$0$55,366Yes (X)
PATRICK SHIN
VICE DEAN, LAW SCHOOL50.00$229,586$0$33,989Yes (X)
ABU JALAL
PROFESSOR50.00$235,370$0$60,261Yes (X)
KATHY VINSON
PROFESSOR50.00$221,571$0$18,513Yes (X)
STEVEN FERREY
PROFESSOR50.00$223,274$0$62,201Yes (X)
JULIE SANDELL
FORMER PROVOST50.00$315,139$0$27,491Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,155,874TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,015,993TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K331IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ABM INDUSTRY GROUPS LLC
PO BOX 643823PITTSBURGPA15264FACILITIES MAINTENANCE & CLEANING$13,926,349
ONE SIXTY OVER NINETY LLC
510 WALNUT ST FL 19PHILADELPHIAPA191063613MARKETING CAMPAIGN DEVELOPMENT$1,699,377
DAPA RESEARCH INC
1 CENTRAL ROADLYNNFIELDMA01940MARKET RESEARCH$1,238,450
NBBJ LP
PO BOX 742088LOS ANGELESCA900742088ARCHITECTURE & DESIGN$1,002,099
COGNIZANT TECHNOLOGY US CORP
550 WEST 34TH STREETNEW YORKNY10001ERP SYSTEM IMPLEMENTATION$844,989
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K17CntrctRcvdGreaterThan100KCnt
Fundraising$269,933FundraisingAmt
Government Grants$6,097,458GovernmentGrantsAmt
All Other Contributions$7,489,688AllOtherContributionsAmt
Noncash Contributions$394,807NoncashContributionsAmt
Total Contributions$13,857,079TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611310$297,449,051$297,449,051
RESIDENCE HALLS/DINING721000$31,497,844$30,246,574$1,251,270
FieldValueIRS element (for citing)
Total Program Service Revenue$328,946,895TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,279,375TotalRevenueColumnAmt
Unrelated Business Revenue-$37,319UnrelatedBusinessRevenueAmt
Exclusion$5,316,694ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$235,250TotalRevenueColumnAmt
Exclusion$235,250ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$2,344,569RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,344,569RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,344,569TotalRevenueColumnAmt
Unrelated Business Revenue$590,069UnrelatedBusinessRevenueAmt
Exclusion$1,754,500ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$15,831,097SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$13,535,762SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,295,335SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,295,335TotalRevenueColumnAmt
Unrelated Business Revenue-$454UnrelatedBusinessRevenueAmt
Exclusion$2,295,789ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$16,935FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$269,933ContriRptFundraisingEventAmt
Fundraising Direct Expenses$101,100FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$84,165TotalRevenueColumnAmt
Exclusion-$84,165ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
INTO SUFFOLK611310$1,477,746$1,477,746
CENTER FOR RESTORATIVE611430$821,776$821,776
POLITICAL RESEARCH CTR611430$191,000$191,000

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,284,430TotalRevenueColumnAmt
Unrelated Business Revenue$999,981UnrelatedBusinessRevenueAmt
Exclusion$2,284,449ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,774,952OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$358,649,290TotalRevenueColumnAmt
Related Or Exempt Func Income$329,173,371RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$2,803,547UnrelatedBusinessRevenueAmt
Exclusion$12,815,293ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$132,500TotalAmt
Program Services$132,500ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$129,902,052TotalAmt
Program Services$129,902,052ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,576,821TotalAmt
Program Services$2,576,821ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,342,065TotalAmt
Program Services$1,571,654ProgramServicesAmt
Management And General$3,347,045ManagementAndGeneralAmt
Fundraising$423,366FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$106,502,626TotalAmt
Program Services$80,497,472ProgramServicesAmt
Management And General$24,870,729ManagementAndGeneralAmt
Fundraising$1,134,425FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,543,870TotalAmt
Program Services$4,801,745ProgramServicesAmt
Management And General$1,650,981ManagementAndGeneralAmt
Fundraising$91,144FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$20,076,766TotalAmt
Program Services$14,731,881ProgramServicesAmt
Management And General$5,065,253ManagementAndGeneralAmt
Fundraising$279,632FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,768,904TotalAmt
Program Services$5,700,647ProgramServicesAmt
Management And General$1,960,050ManagementAndGeneralAmt
Fundraising$108,207FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$310,222TotalAmt
Management And General$310,222ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$377,807TotalAmt
Management And General$377,807ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$1,230,733TotalAmt
Management And General$1,230,733ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,516,058TotalAmt
Program Services$537,482ProgramServicesAmt
Management And General$791,590ManagementAndGeneralAmt
Fundraising$186,986FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,503,866TotalAmt
Program Services$139,102ProgramServicesAmt
Management And General$3,343,150ManagementAndGeneralAmt
Fundraising$21,614FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,797,706TotalAmt
Program Services$2,185,218ProgramServicesAmt
Management And General$1,481,427ManagementAndGeneralAmt
Fundraising$131,061FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,934,485TotalAmt
Program Services$6,453,208ProgramServicesAmt
Management And General$2,481,277ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$29,879,108TotalAmt
Program Services$26,043,288ProgramServicesAmt
Management And General$3,835,820ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,140,320TotalAmt
Program Services$2,602,772ProgramServicesAmt
Management And General$30,071ManagementAndGeneralAmt
Fundraising$507,477FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$13,668,345TotalAmt
Program Services$11,745,496ProgramServicesAmt
Management And General$1,922,849ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$16,518,071TotalAmt
Program Services$15,385,583ProgramServicesAmt
Management And General$1,132,488ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,602,496TotalAmt
Program Services$1,388,526ProgramServicesAmt
Management And General$1,213,970ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
RESIDENCE HALL EXPENSES$6,393,059$6,393,059
ACADEMIC SERVICE/SUPPOR$5,609,409$5,609,409
BAD DEBT EXPENSE$956,656$956,656
BOOKSTORE$157,377$157,377

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$9,015,887TotalAmt
Program Services$9,015,887ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$386,457,209TotalAmt
Program Services$328,527,835ProgramServicesAmt
Management And General$55,045,462ManagementAndGeneralAmt
Fundraising$2,883,912FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$47,447,850BOYAmt
EOY$9,346,317EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,340,149BOYAmt
EOY$5,752,212EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,267,650BOYAmt
EOY$7,477,517EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$300,000BOYAmt
EOY$450,000EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,398,913BOYAmt
EOY$2,514,326EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,895,254BOYAmt
EOY$18,635,454EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$684,745,333LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$239,868,058LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$447,080,213BOYAmt
EOY$444,877,275EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$203,199,690BOYAmt
EOY$205,332,763EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$50,213,028BOYAmt
EOY$55,183,968EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$49,292,830BOYAmt
EOY$141,942,444EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$833,435,577BOYAmt
EOY$891,512,276EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$20,006,426BOYAmt
EOY$24,714,513EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$6,253,649BOYAmt
EOY$7,108,222EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$361,227,829BOYAmt
EOY$495,068,158EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$99,671,729BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$50,673,683BOYAmt
EOY$79,913,189EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$537,833,316BOYAmt
EOY$606,804,082EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$213,603,977BOYAmt
EOY$195,536,072EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$81,998,284BOYAmt
EOY$89,172,122EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$295,602,261BOYAmt
EOY$284,708,194EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$833,435,577BOYAmt
EOY$891,512,276EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$27,807,919ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$23,209,682NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$6,295,830OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,220,204CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,685,779CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,998,824CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,467,177CurrentTaxYearMinus1YearAmt
Current Tax Year$13,857,079CurrentTaxYearAmt
Total$103,229,063TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,220,204CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,685,779CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,998,824CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,467,177CurrentTaxYearMinus1YearAmt
Current Tax Year$13,857,079CurrentTaxYearAmt
Total$103,229,063TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$16,030,902SubstantialContributorsTotAmt
Public Support Total170$87,198,161PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,452,687CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,531,207CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,021,412CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,876,463CurrentTaxYearMinus1YearAmt
Current Tax Year$7,306,444CurrentTaxYearAmt
Total$36,188,213TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$105,614CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,069CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,585CurrentTaxYearMinus1YearAmt
Current Tax Year$28,621CurrentTaxYearAmt
Total$209,889TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,598,114CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,390,846CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,910,983CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,628,492CurrentTaxYearMinus1YearAmt
Current Tax Year$3,314,160CurrentTaxYearAmt
Total$18,842,595TotalAmt
FieldValueIRS element (for citing)
Total Support$158,469,760TotalSupportAmt
Gross Receipts Rltd Activities$1,539,696,283GrossReceiptsRltdActivitiesAmt
Public Support CY1700.55030PublicSupportCY170Pct
Public Support PY1700.54550PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:SEE DESCRIPTION BELOW - 2020 AMOUNT: $ 2,598,114. 2021 AMOUNT: $ 5,390,846. 2022 AMOUNT: $ 3,910,983. 2023 AMOUNT: $ 3,628,492. 2024 AMOUNT: $ 3,314,160.
SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME:OTHER INCOME IS PRIMARILY COMPRISED OF BOOKSTORE COMMISSIONS, THE CENTER FOR RESTORATIVE JUSTICE, FUNDRAISING EVENTS AND OTHER MISCELLANEOUS INCOME.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$1OtherActivitiesAmt
Total Lobbying Expenditures$1TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationSUFFOLK UNIVERSITY PAYS PROFESSIONAL AND MEMBERSHIP DUES TO VARIOUS EDUCATIONAL ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$252,033,632BeginningYearBalanceAmt
Contributions$3,157,108ContributionsAmt
Investment Earnings Or Losses$30,089,778InvestmentEarningsOrLossesAmt
Grants Or Scholarships$13,484,585GrantsOrScholarshipsAmt
Other Expenditures$10,070,144OtherExpendituresAmt
Administrative Expenses$1,229,852AdministrativeExpensesAmt
End Year Balance$260,495,937EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$249,936,630BeginningYearBalanceAmt
Contributions$2,011,641ContributionsAmt
Investment Earnings Or Losses$28,145,340InvestmentEarningsOrLossesAmt
Grants Or Scholarships$13,953,332GrantsOrScholarshipsAmt
Other Expenditures$12,900,000OtherExpendituresAmt
Administrative Expenses$1,206,647AdministrativeExpensesAmt
End Year Balance$252,033,632EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$253,973,639BeginningYearBalanceAmt
Contributions$2,538,608ContributionsAmt
Investment Earnings Or Losses$23,771,110InvestmentEarningsOrLossesAmt
Grants Or Scholarships$14,551,814GrantsOrScholarshipsAmt
Other Expenditures$14,448,982OtherExpendituresAmt
Administrative Expenses$1,345,931AdministrativeExpensesAmt
End Year Balance$249,936,630EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$305,695,389BeginningYearBalanceAmt
Contributions$8,074,410ContributionsAmt
Investment Earnings Or Losses-$33,167,465InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,409,383GrantsOrScholarshipsAmt
Other Expenditures$13,057,302OtherExpendituresAmt
Administrative Expenses$1,162,010AdministrativeExpensesAmt
End Year Balance$253,973,639EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$246,207,460BeginningYearBalanceAmt
Contributions$4,158,087ContributionsAmt
Investment Earnings Or Losses$70,359,613InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,471,652GrantsOrScholarshipsAmt
Other Expenditures$11,312,379OtherExpendituresAmt
Administrative Expenses$1,245,740AdministrativeExpensesAmt
End Year Balance$305,695,389EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.70370BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.20360PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.09270TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$59,829,777OtherCostOrOtherBasisAmt
Book Value$59,829,777BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$459,709,152OtherCostOrOtherBasisAmt
Depreciation$145,190,829DepreciationAmt
Book Value$314,518,323BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$49,126,952OtherCostOrOtherBasisAmt
Depreciation$38,582,637DepreciationAmt
Book Value$10,544,315BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$77,946,947OtherCostOrOtherBasisAmt
Depreciation$51,913,860DepreciationAmt
Book Value$26,033,087BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$38,132,505OtherCostOrOtherBasisAmt
Depreciation$4,180,732DepreciationAmt
Book Value$33,951,773BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$444,877,275TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
FUNDS HELD OR ADMINISTERED BY OTHERS$218,949F
FLEXIBLE CAPITAL$40,411,453F
PRIVATE EQUITY$14,182,787F
REAL ESTATE$370,779C
FieldValueIRS element (for citing)
Total Book Value Securities$55,183,968TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DEPOSITS WITH BOND TRUSTEES$96,719,024
RIGHT OF USE ASSET$45,223,420
FieldValueIRS element (for citing)
Total Book Value Other Assets$141,942,444TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
REFUNDABLE US GOVERNMENT GRANT$589,944
LEASE OBLIGATION$45,323,245
LINE OF CREDIT$34,000,000
FieldValueIRS element (for citing)
Total Liability$79,913,189TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$241,752,447TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$23,209,682NetUnrealizedGainsInvstAmt
Other Revenue-$6,396,919OtherRevenueAmt
Revenue Not Reported$16,812,763RevenueNotReportedAmt
Revenue Subtotal$224,939,684RevenueSubtotalAmt
Investment Expenses Not Incld$1,230,733InvestmentExpensesNotIncldAmt
Other Revenues Not Included$132,478,873OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$133,709,606RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$358,649,290TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$252,663,298TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$133OtherExpensesIncludedAmt
Expenses Not Reported-$133ExpensesNotReportedAmt
Expenses Subtotal$252,663,431ExpensesSubtotalAmt
Investment Expenses Not Incld2$1,230,733InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$132,563,045OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$133,793,778ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$386,457,209TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:THE UNIVERSITY'S COLLECTIONS CONSIST OF WORKS OF ART, ARTIFACTS, RARE BOOKS, HISTORICAL DOCUMENTS, AND OTHER SIMILAR MATERIALS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. AN EXAMPLE OF A COLLECTION HELD BY THE UNIVERSITY IS THE JOHN JOSEPH MOAKLEY ARCHIVE AND INSTITUTE. THE JOHN JOSEPH MOAKLEY ARCHIVE AND INSTITUTE AT SUFFOLK UNIVERSITY WAS ESTABLISHED IN 2001 UPON CONGRESSMAN MOAKLEY'S GIFT OF HIS PAPERS. THE INSTITUTE IS DEDICATED TO THE PRESERVATION, STUDY, INTERPRETATION, AND CELEBRATION OF CONGRESSMAN MOAKLEY'S LEGACY OF SERVICE AND POLITICAL AND PUBLIC POLICY LEADERSHIP THROUGH PROGRAMMING AND PROMOTION OF JOE MOAKLEY'S CONGRESSIONAL PAPERS. EXHIBIT PROGRAM: THE MOAKLEY INSTITUTE CURATES AND PRESENTS TWO TYPES OF EXHIBITS ON THE LIFE AND LEGACY OF CONGRESSMAN JOE MOAKLEY: GALLERY EXHIBITS AND TRAVELING EXHIBITS. CONGRESSMAN MOAKLEY PAPERS: THE CONGRESSMAN MOAKLEY PAPERS CONSIST OF 522 BOXES OF MATERIALS THAT DOCUMENT THE CONGRESSMAN'S EARLY LIFE, HIS WORLD WAR II SERVICE, HIS TERMS IN THE MASSACHUSETTS HOUSE OF REPRESENTATIVES AND SENATE, AND HIS SERVICE IN THE US CONGRESS. PRIMARILY, THE COLLECTION COVERS MOAKLEY'S CONGRESSIONAL CAREER FROM 1973 TO 2001 INCLUDING DOCUMENTS RELATED TO HIS LEGISLATIVE AND POLICY CAMPAIGNS CENTERED ON HUMAN RIGHTS, THE MOAKLEY COMMISSION IN EL SALVADOR, FIRE-SAFE CIGARETTES, AND HIS PROMOTION OF DISTRICT PROJECTS SUCH AS THE BOSTON HARBOR ISLANDS, THE BIG DIG, AND PRESERVATION OF HISTORIC SITES.
PART V, LINE 4:THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 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. THE MAJORITY OF THE FUNDS PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO UNDERGADUATE, GRADUATE, AND LAW SCHOOL STUDENTS. SOME OF THE OTHER USES OF THE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, SUPPORT FOR FELLOWSHIPS, THE CREATION AND FUNDING OF FACULTY CHAIRS, SUPPORT FOR VARIOUS UNIVERSITY CENTERS, AND SUPPORT FOR THE UNIVERSITY'S TEACHING AND RESEARCH ACTIVITIES. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE THE UNIVERSITY A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENT'S VALUE.
PART X, LINE 2:THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS AND DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF SPLIT INTEREST -169,971. POST RETIREMENT BENEFIT OBLIGATION 513,218. GAIN ON EARLY EXTINGUISHMENT OF DEBT 18,733. MADRID NON-OPERATING ACTIVITY -16,919. SUFFOLK NON-OPERATING ACTIVITY -6,741,980.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 132,478,873.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSE REPORTED BY SUBSIDIARY IN MADRID -133.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 132,478,873. OTHER NON-OPERATING EXPENSES 84,172.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3SUFFOLK UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, AGE, DISABILITY, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, GENETIC INFORMATION, VIETNAM-ERA OR DISABLED-VETERAN STATUS IN ITS EMPLOYMENT, ADMISSION POLICIES, OR IN THE ADMINISTRATION OR OPERATION OF, OR ACCESS TO ITS ACADEMIC AND NON-ACADEMIC PROGRAMS AND POLICIES. IT DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN VIOLATION OF SECTION 504 OF THE REHABILITATION ACT OF 1973. THE UNIVERSITY PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE UNIVERSITY'S WEBSITE, APPLICATIONS FOR EMPLOYMENT, AND STUDENT, STAFF AND FACULTY HANDBOOKS.
SCHEDULE E, PART I, LINE 6THE UNIVERSITY RECEIVES AID FOR STUDENTS FROM SUCH FEDERAL PROGRAMS AS PELL, SEOG, FEDERAL WORK STUDY, PERKINS, DIRECT LOANS, ETC. THE UNIVERSITY IS ALSO THE RECIPIENT OF SEVERAL FEDERAL AND STATE GRANTS FROM AGENCIES SUCH AS THE U.S. DEPARTMENT OF JUSTICE PROGRAMS, NATIONAL SCIENCE FOUNDATION AND THE U.S. DEPARTMENT OF EDUCATION, AMONG OTHERS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (21 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
EUROPE (INCLUDING ICELAND & GREENLAND)00INVESTMENTS$2,259,198
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$25,590,541
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM SERVICES$7,329RECRUITING
MIDDLE EAST AND NORTH AFRICA00PROGRAM SERVICES$17,040RECRUITING
SOUTH AMERICA00PROGRAM SERVICES$7,995RECRUITING
NORTH AMERICA00PROGRAM SERVICES$12,631RECRUITING
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$158,409RECRUITING
EAST ASIA AND THE PACIFIC00PROGRAM SERVICES$68,371RECRUITING
SOUTH ASIA00PROGRAM SERVICES$11,132RECRUITING
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM SERVICES$95,426EDUCATION
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICES$1,361,746EDUCATION
NORTH AMERICA00PROGRAM SERVICES$58,790EDUCATION
SOUTH AMERICA00PROGRAM SERVICES$19,459EDUCATION
MIDDLE EAST AND NORTH AFRICA00PROGRAM SERVICES$18,961EDUCATION
SUB-SAHARAN AFRICA00PROGRAM SERVICES$31,084EDUCATION
EAST ASIA AND THE PACIFIC00PROGRAM SERVICES$133,577EDUCATION
SOUTH ASIA00PROGRAM SERVICES$12,196EDUCATION
CENTRAL AMERICA AND THE CARIBBEAN00GRANTMAKING$100,872
EAST ASIA AND THE PACIFIC00GRANTMAKING$294,227
EUROPE (INCLUDING ICELAND & GREENLAND)00GRANTMAKING$2,168,651
SOUTH AMERICA00GRANTMAKING$13,071
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$28,121,514SubtotalSpentAmt
Continuation Spent$4,319,192ContinuationSpentAmt
Total Spent$32,440,706TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
FOREIGN GRANTS PAID - CENTRALCENTRAL AMERICA AND THE CARIBBEAN6$100,872CREDIT TO STUDENT'S ACCOUNTOTHER
FOREIGN GRANTS PAID - EAST ASIA AND THE PACIFICEAST ASIA AND THE PACIFIC21$294,227CREDIT TO STUDENT'S ACCOUNTOTHER
FOREIGN GRANTS PAID - EUROPEEUROPE (INCLUDING ICELAND & GREENLAND)148$2,168,651CREDIT TO STUDENT'S ACCOUNTOTHER
FOREIGN GRANTS PAID - SOUTH AMERICASOUTH AMERICA1$13,071CREDIT TO STUDENT'S ACCOUNTOTHER
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott CountriesYes (1)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:ALL GRANTS ARE AWARDED BASED ON NEED AND/OR MERIT AND CONFORM TO FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE, AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM.
PART I, LINE 3:EXPENDITURES IN COLUMN (F) ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CELEBRATION OF BLACK EXCELLENCEEvent1Nm
Gross Receipts Event1$38,135GrossReceiptsEvent1Amt
Charitable Contri Event1$22,500CharitableContriEvent1Amt
Gross Revenue Event1$15,635GrossRevenueEvent1Amt
Food And Beverage Event1$52,900FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$13,768OtherDirectExpensesEvent1Amt
Event2FYSIP RECEPTIONEvent2Nm
Gross Receipts Event2$195,463GrossReceiptsEvent2Amt
Charitable Contri Event2$195,463CharitableContriEvent2Amt
Food And Beverage Event2$11,417FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$64OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$53,270GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$51,970CharitableContriOtherEventsAmt
Gross Revenue Other Events$1,300GrossRevenueOtherEventsAmt
Food And Beverage Other Events$19,578FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$3,373OthDirectExpnssOtherEventsAmt
Gross Receipts Total$286,868GrossReceiptsTotalAmt
Charitable Contributions Tot$269,933CharitableContributionsTotAmt
Gross Revenue Total Events$16,935GrossRevenueTotalEventsAmt
Food And Beverage Total Events$83,895FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$17,205OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$101,100DirectExpenseSummaryEventsAmt
Net Income Summary-$84,165NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
BOSTON PLANNING AND DEVELOPMENT AGENCY
1 CITY HALLBOSTONMA02201046006386GOVERNMENT$30,000$0GENERAL SUPPORT
BOSTON PARKS & RECREATION DEPARTMENT
1010 MASSACHUSETTS AVEBOSTONMA02118046006386GOVERNMENT$102,500$0GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeFINANCIAL AID - UNIVERSITY, FEDERAL & STATEGrantTypeTxt
Recipient5907RecipientCnt
Cash Grant$0CashGrantAmt
Non Cash Assistance$129,902,052NonCashAssistanceAmt
Valuation Method UsedOTHERValuationMethodUsedDesc
Non Cash AssistanceCREDIT TO STUDENT'S ACCOUNTSNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO BOSTON PLANNING AND DEVELOPMENT AGENCY, AS PART OF THE CITY OF BOSTON, WHICH ASSISTS THE ORGANIZATION TO DEVELOP DOWNTOWN BOSTON AND SURROUNDING NEIGHBORHOODS PURSUANT TO COOPERATIVE AGREEMENT. THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO THE FUND FOR PARKS AND RECREATION IN BOSTON FOR UPKEEP OF ATHLETIC FIELDS USED BY THE UNIVERSITY AS WELL AS THE SURROUNDING NEIGHBORHOODS. PART III: ALL GRANTS AWARDED ARE BASED ON NEED AND/OR MERIT AND CONFORM TO FEDERAL, STATE, AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE, AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARISA KELLY
PRESIDENT, EX-OFFICIO TRUSTEE$679,991$0$53,816$0$155,048$0$31,050$0$44,582$0$964,487$0$0$0
ANDREW PERLMAN
DEAN, LAW SCHOOL$439,108$0$0$0$16,210$0$31,050$0$51,763$0$538,131$0$0$0
AMY ZENG
DEAN, SAWYER BUSINESS SCHOOL$383,564$0$0$0$10,694$0$31,050$0$16,073$0$441,381$0$0$0
KARIN KLIMM
VP OF ADVANCEMENT$338,933$0$0$0$8,812$0$31,050$0$46,938$0$425,733$0$0$0
MICHELLE QUINLAN
CFO/TREASURER (UNITL FEB. 2025)$338,193$0$0$0$2,970$0$31,050$0$37,677$0$409,890$0$0$0
THOMAS DORER
GENERAL COUNSEL$315,725$0$0$0$4,269$0$30,510$0$49,145$0$399,649$0$0$0
GREGOR GATLIN
VP/MARKETING & COMMUNICATION$241,075$0$0$0$71,050$0$23,566$0$46,645$0$382,336$0$0$0
BORIS LAZIC
VP OF ADMINISTRATION$342,005$0$0$0$4,433$0$30,870$0$2,218$0$379,526$0$0$0
EDIE SPARKS
DEAN, COLLEGE ARTS AND SCIENCE$304,978$0$0$0$1,393$0$28,800$0$25,801$0$360,972$0$0$0
DONNA GRAND PRE
SVP/ENROLLMENT$283,166$0$0$0$1,290$0$27,000$0$37,516$0$348,972$0$0$0
JULIE SANDELL
FORMER PROVOST$264,276$0$0$0$50,863$0$27,194$0$297$0$342,630$0$0$0
LAURA FERRARI
VP OF STUDENT AFFAIRS$255,112$0$0$0$23,995$0$23,850$0$35,759$0$338,716$0$0$0
ABU JALAL
PROFESSOR$171,042$0$0$0$64,328$0$22,266$0$37,995$0$295,631$0$0$0
JOHN NUCCI
SVP/GOV'T & COMMUNITY AFFAIRS$263,075$0$0$0$5,651$0$23,677$0$0$0$292,403$0$0$0
STEVEN FERREY
PROFESSOR$164,674$0$0$0$58,600$0$21,864$0$40,337$0$285,475$0$0$0
CHRISTOPHER GIBSON
PROFESSOR$175,637$0$0$0$46,184$0$19,738$0$35,628$0$277,187$0$0$0
PATRICK SHIN
VICE DEAN, LAW SCHOOL$222,077$0$0$0$7,509$0$20,678$0$13,311$0$263,575$0$0$0
KATHY VINSON
PROFESSOR$158,347$0$283$0$62,941$0$17,313$0$1,200$0$240,084$0$0$0
RICK OCHES
PROVOST (AS OF 8/1/24)$162,010$0$0$0$2,547$0$14,774$0$5,758$0$185,089$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE UNIVERSITY PAYS FOR CERTAIN TRAVEL EXPENSES FOR THE UNIVERSITY PRESIDENT'S SPOUSE, ONLY WHEN THAT TRAVEL IS PRIMARILY FOR BONA FIDE BUSINESS PURPOSES OF THE UNIVERSITY. TRAVEL EXPENSES FOR THE PRESIDENT AND HER SPOUSE ARE APPROVED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE HOUSING ALLOWANCE WAS RECEIVED BY THE UNIVERSITY'S PRESIDENT AND IS INCLUDED IN HER TAXABLE WAGES. SOCIAL CLUB DUES WERE PAID BY THE UNIVERSITY ON BEHALF OF AN OFFICER. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB IS USED TO CONDUCT UNIVERSITY BUSINESS.
PART I, LINE 7DURING AN EXECUTIVE SESSION OF THE COMPENSATION COMMITTEE, THE COMMITTEE COMPLETED AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT AND AGREED UPON A BONUS AMOUNT THAT REFLECTED HER PERFORMANCE DURING THE PRECEDING YEAR.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MA DEVEOPMENT FINANCE AGENCY SERIES 2017
A04343181457584XM812017-04-27$185,251,323REFUND SERIES 2009A - PARTIALYes (1)00
MA DEVEOPMENT FINANCE AGENCY SERIES 2019
B04343181457584YSB62019-04-03$92,159,803REFUND SERIES 2009A - PARTIALYes (1)00
MA DEVEOPMENT FINANCE AGENCY SERIES 2020A
C04343181457584YYF02020-04-03$62,034,899REFUND SERIES 2010000
MA DEVEOPMENT FINANCE AGENCY SERIES 2021
D04343181457584YL642021-05-06$77,928,875RETIRE TAXABLE LOAN AND FINANCE CAPITAL EXPENSES000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapital ExpendituresCapitalExpendituresAmt
A$5,440,000$7,115,000$185,251,323$1,910$185,249,4132017Yes (1)0Yes (1)Yes (1)
B$2,400,000$3,595,000$92,159,803$732,168$91,427,6352019Yes (1)0Yes (1)Yes (1)
C$62,034,899$529,282$61,505,6172020Yes (1)0Yes (1)Yes (1)
D$77,928,875$71,069,83620210Yes (1)Yes (1)Yes (1)$6,859,039

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0Yes (1)Yes (1)Yes (1)00.007400.000500.0079000Yes (1)
B0Yes (1)Yes (1)Yes (1)00.002700.0027000Yes (1)
C0Yes (1)Yes (1)Yes (1)00.000100.0001000Yes (1)
D0Yes (1)Yes (1)Yes (1)00.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000Yes (1)0000Yes (1)
B000Yes (1)0000Yes (1)
C000Yes (1)0000Yes (1)
D000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, COLUMN (F) - DESCRIPTION OF PURPOSEBOND ISSUE A & B - THE SERIES 2009A BONDS WERE ISSUED ON 11/18/2009. BOND ISSUE C - THE SERIES 2010 BONDS WERE ISSUED ON 10/14/2020. BOND ISSUE D - THE LINE OF CREDIT WAS INCURRED ON 9/10/2019. THE SERIES 2025 BONDS WERE ISSUED TO (I) FINANCE NEW CAPITAL PROJECTS, (II) PAY ACCRUED INTEREST ON THE SERIES 2017 AND SERIES 2019 BONDS DUE JULY 1, 2025, (III) CURRENT REFUND AND/OR PAY UPON TENDER AND DEFEASE A PORTION OF SERIES 2017 AND SERIES 2019 BONDS, (IV) REPAY A TAXABLE BRIDGE LOAN USED TO FINANCE CONSTRUCTION OF A NEW DORM, AND (V) FINANCE COSTS OF ISSUANCE.
PART IV, LINE 2C, COLUMN ATHE REBATE COMPUTATION DATE FOR THE 2017 BOND ISSUE WAS 4/30/2022. PART IV, LINE 2C, COLUMN B THE REBATE COMPUTATION DATE FOR THE 2019 BOND ISSUE WAS 4/30/2022. PART IV, LINE 2C, COLUMN C THE REBATE COMPUTATION DATE FOR THE 2020A BOND ISSUE WAS 4/30/2022. PART IV, LINE 2C, COLUMN D THE REBATE COMPUTATION DATE FOR THE 2021 BOND ISSUE WAS 4/30/2022.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1MA DEVEOPMENT FINANCE AGENCY SERIES 2025BusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN043431814BondIssuerEIN
CUSIP57585BKJ6CUSIPNum
Bond Issued2025-05-20BondIssuedDt
Issue Price$157,356,765IssuePriceAmt
PurposeSEE PART VIPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Total Proceeds$157,356,765TotalProceedsAmt
Issuance Costs From Proceeds$1,543,314IssuanceCostsFromProceedsAmt
Capital Expenditures$38,278,169CapitalExpendituresAmt
Other Spent Proceeds$117,535,282OtherSpentProceedsAmt
Substantial Completion2025SubstantialCompletionYr
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable BondsYes (1)RefundingTaxableBondsInd
Final Allocation Made0FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease ArrangementsYes (1)AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropYes (1)MgmtContractBondFincdPropInd
Engage Bond Counsel ContractsYes (1)EngageBondCounselContractsInd
Any Research Agreements0AnyResearchAgreementsInd
Private Bus Use By Others0.00080PrivateBusUseByOthersPct
Total Private Business Use0.00080TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due YetYes (1)RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
MARISA KELLY
PRESIDENT, EX-OFFICIO TRUSTEESPLIT-DOLLAR LOAN AGREEMENTYes (X)$150,000$150,0000Yes (1)Yes (1)
MARISA KELLY
PRESIDENT, EX-OFFICIO TRUSTEESPLIT-DOLLAR LOAN AGREEMENTYes (X)$150,000$150,0000Yes (1)Yes (1)
MARISA KELLY
PRESIDENT, EX-OFFICIO TRUSTEESPLIT-DOLLAR LOAN AGREEMENTYes (X)$150,000$150,0000Yes (1)Yes (1)
FieldValueIRS element (for citing)
Total Balance Due$450,000TotalBalanceDueAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution20ContributionCnt
Noncash Contributions Rpt F990$394,807NoncashContributionsRptF990Amt
Method Of Determining RevenuesMEAN PRICEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1 AND PART III, LINE 1DESCRIPTION OF ORGANIZATION MISSION: AT SUFFOLK UNIVERSITY WE ARE DRIVEN BY THE POWER OF EDUCATION, INCLUSION, AND ENGAGEMENT TO CHANGE LIVES AND POSITIVELY IMPACT COMMUNITIES. COMMITTED TO EXCELLENCE, WE PROVIDE STUDENTS WITH EXPERIENTIAL AND TRANSFORMATIONAL LEARNING OPPORTUNITIES THAT BEGIN IN THE CENTER OF BOSTON, REACH ACROSS THE GLOBE, AND LEAD TO EXTRAORDINARY OUTCOMES FOR OUR GRADUATES.
FORM 990, PART III, LINE 4A AND 4B, PROGRAM SERVICE ACCOMPLISHMENTS:REVENUES RELATED TO THE UNIVERSITY'S PROGRAM SERVICES ARE ALLOCATED BASED ON THE SCHOOL IN WHICH ACADEMIC COURSES ARE TAUGHT. EXPENSES ARE ALLOCATED BASED ON THE FTE ENROLLMENT IN THE RESPECTIVE SCHOOLS.
FORM 990, PART VI, SECTION A, LINE 1AIN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT AND EXECUTION OF THE AFFAIRS OF SUFFOLK UNIVERSITY IN ALL MATTERS EXCEPT THOSE WITH RESPECT TO WHICH AUTHORITY IS GIVEN IN THE UNIVERSITY'S BYLAWS TO THE ADMINISTRATION AND FINANCE COMMITTEE AND EXCEPT THOSE WHICH PURSUANT TO LAW OR SPECIFIC SECTIONS OF THE BYLAWS REQUIRE THE VOTE OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11BTHE CONTROLLER OF SUFFOLK UNIVERSITY IS RESPONSIBLE FOR PROVIDING THE INFORMATION NECESSARY FOR THE UNIVERSITY'S TAX ADVISOR TO PREPARE FORM 990. RECOMMENDED CHANGES ARE DISCUSSED WITH SENIOR MANAGEMENT AND INCORPORATED INTO THE RETURN. THE DRAFT FORM IS THEN PROVIDED TO THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE WITH SENIOR MANAGEMENT AND THE UNIVERSITY'S TAX ADVISOR. ALL QUESTIONS AND CONCERNS OF THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE MEMBERS ARE ADDRESSED AND INCORPORATED INTO THE FORM AS APPROPRIATE. AFTER THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE REVIEW, ALL MEMBERS OF THE GOVERNING BODY ARE PROVIDED A LINK TO A PASSWORD-PROTECTED WEBSITE ON WHICH THE ENTIRE FORM 990 CAN BE VIEWED IN ADVANCE OF THE FILING DEADLINE. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF TRUSTEES ARE ADDRESSED BY THE CFO AND TREASURER AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL OF THE INPUT FROM THE BOARD OF TRUSTEES AND THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE HAS BEEN APPROPRIATELY ADDRESSED, THE CFO AND TREASURER OF THE UNIVERSITY IS AUTHORIZED TO FILE THE FORM 990 WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OBTAINING A CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM ALL BOARD MEMBERS, OFFICERS OF THE UNIVERSITY, AND ALL EMPLOYEES OF THE UNIVERSITY HOLDING CERTAIN POSITIONS AS DETERMINED BY THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE, REFERRED TO AS COVERED PERSONS. THE DISCLOSURE STATEMENT IS TO BE COMPLETED UPON FIRST ACCEDING TO THE OFFICER POSITION, UPON MATERIAL CHANGE IN THE INFORMATION REQUESTED, AND IN JULY OF EACH YEAR. THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE PROVIDES THE BOARD WITH A SUMMARY REPORT OF ANY CONFLICT OF INTEREST AT LEAST ANNUALLY, AND MORE FREQUENTLY AS APPROPRIATE. THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE MAY INVITE THE COVERED PERSON TO MAKE A PRESENTATION AT A MEETING TO DISCUSS THE TRANSACTION. THE AUDIT, COMPLIANCE, AND RISK MANAGEMENT COMMITTEE WILL THEN DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION IS IN THE UNIVERSITY'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE, AND THEREFORE WHETHER THE UNIVERSITY MAY OR MAY NOT ENTER INTO THE TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15FOR THE COMPENSATION SETTING PROCESS OF THE PRESIDENT, THE BOARD OF TRUSTEES ENGAGED AN INDEPENDENT FIRM TO ANALYZE AND COMPARE THE COMPENSATION OF CEOS AT COMPARABLE INSTITUTIONS. A COMMITTEE OF THE BOARD OF TRUSTEES WORKED WITH THE INDEPENDENT FIRM TO ANALYZE THE COMPENSATION DATA. AFTER REVIEWING THE RESULTS OF THE STUDY AND IN CONSULTATION WITH COUNSEL, THE COMMITTEE PROPOSED COMPENSATION FOR THE PRESIDENT. A CONTRACT WAS PREPARED BY THE COUNSEL, WHICH WAS VOTED ON AND APPROVED AT A MEETING OF THE FULL BOARD OF TRUSTEES. FUTURE AMENDMENT/CONTRACT CHANGES ARE REVIEWED BY COUNSEL. FOR THE COMPENSATION SETTING PROCESS OF OTHER OFFICERS AND KEY EMPLOYEES, THE BOARD OF TRUSTEES ENGAGED AN INDEPENDENT FIRM TO ANALYZE AND COMPARE THE COMPENSATION OF INDIVIDUALS IN COMPARABLE POSITIONS AT COMPARABLE INSTITUTIONS. A COMMITTEE OF THE BOARD OF TRUSTEES WORKED WITH THE INDEPENDENT FIRM TO ANALYZE THE COMPENSATION DATA. THE COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES WITH MULTI-YEAR CONTRACTS IS VOTED ON AND APPROVED AT A MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 16: THE UNIVERSITY PARTICIPATED IN A JOINT VENTURE AGREEMENT THAT HELPS UNIVERSITIES EXPAND INTERNATIONAL RECRUITMENT AND ENSURES INTERNATIONAL STUDENTS' SUCCESS ON CAMPUS THROUGH PROVEN PROGRAMS THAT BETTER PREPARE STUDENTS FOR ACADEMIC SUCCESS. THE JOINT VENTURE INCLUDED TWO PARTIES AND WAS GOVERNED BY A EIGHT MEMBER BOARD OF DIRECTORS COMPRISING FOUR REPRESENTATIVES FROM EACH ORGANIZATION. PRIOR TO SIGNING, THE AGREEMENT WAS REVIEWED BY INTERNAL AND EXTERNAL LEGAL COUNSEL TO ENSURE IT COMPLIED WITH TAX REGULATIONS. THE REVENUE RECOGNIZED PURSUANT TO THE AGREEMENT IS CONSIDERED IN PART VIII AS RELATED OR EXEMPT FUNCTION REVENUE. THE AGREEMENT ALSO INCLUDED A PROVISION FOR TERMINATING THE AGREEMENT IN THE EVENT THAT CONTINUATION OF THE AGREEMENT WOULD CAUSE THE UNIVERSITY TO LOSE ITS TAX-EXEMPT STATUS. THE JOINT VENTURE ENDED 7/31/2024.
FORM 990, PART VI, SECTION C, LINE 19ALL REQUESTS FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX RETURNS ARE RECEIVED BY THE PRESIDENT AND/OR VICE PRESIDENT'S OFFICES AND ARE TURNED OVER TO THE CFO AND TREASURER'S OFFICE FOR IMMEDIATE RESPONSE. TAX RETURNS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL AND GUIDESTAR WEBSITES.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF SPLIT INTEREST -169,971. GAIN ON EARLY EXTINGUISHMENT OF DEBT 18,733. POST RETIREMENT BENEFIT OBLIGATION 513,218. OTHER NON-OPERATING -6,657,810.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndLegal Domicile StateLegalDomicileStateCd
SUFFOLK UNIVERSITY MADRID CAMPUS SL
CALLE VINA 3MADRIDSP28003000000000HIGHER EDUCATIONSPN/AC-$16,7851.00000Yes (1)
CRUT
INVESTINGN/ATYes (1)MA
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt