2026-05-08T11:15:01-05:00 2025-06-30 571139864 DISANTO PRIEST & CO 117 METRO CENTER BOULEVARD 3000 WARWICK RI 02886 990 2024-07-01 050312747 NEW ENGLAND INSTITUTE OF TECHNOLOGY NEWE 4017395000 ONE NEW ENGLAND TECH BOULEVARD EAST GREENWICH RI 02818 KENNETH JALBERT VICE PRESIDENT OF FINANCE 4014677744 2026-05-07 1 1 JACQUELINE B GAIPO CPA P01253157 4019212000 2026-05-07 2024 2025-03-06 01:10:19Z RICHARD I GOUSE 1408 DIVISION ROAD EAST GREENWICH RI 02818 107223401 0 X WWW.NEIT.EDU X 1970 RI THE MISSION OF NEW ENGLAND INSTITUTE OF TECHNOLOGY (NEIT) IS DESCRIBED IN SCHEDULE O*THE MISSION OF NEW ENGLAND INSTITUTE OF TECHNOLOGY (NEIT) IS TO PROVIDE SPECIALIZED UNDERGRADUATE AND GRADUATE DEGREE AND CERTIFICATE PROGRAMS WHICH PREPARE STUDENTS FOR PROFESSIONAL AND TECHNICAL CAREERS. THROUGH THE COMBINATION OF PROFESSIONAL AND TECHNICAL COURSES AND AN INTEGRATED LIBERAL ARTS CORE, ACADEMIC PROGRAMS EMPHASIZE THE RELEVANCE OF CONTINUOUS LEARNING TO PERSONAL AND PROFESSIONAL GROWTH. UPON SUCCESSFUL COMPLETION, GRADUATES ARE PREPARED TO ENTER THE WORKFORCE OR TO CONTINUE THEIR EDUCATION. AS AN EXTENSION OF THE PRIMARY MISSION, NEIT OFFERS THE OPPORTUNITY TO PURSUE PROFESSIONAL AND TECHNOLOGICAL STUDIES TO SATISFY PERSONAL INTERESTS.AS AN INSTITUTION PRIMARILY DEVOTED TO TEACHING, NEIT PROVIDES OPPORTUNITIES FOR STUDENTS FROM DIVERSE EDUCATIONAL BACKGROUNDS AND WITH VARYING LEVELS OF ABILITY TO STUDY IN A VARIETY OF TECHNOLOGICAL FIELDS. 11 9 685 0 0 0 159445 85525 78063003 84441962 17881251 22602499 69092 67184 96172791 107197170 15098535 15146323 0 0 37191276 37849613 0 0 0 33022200 34146609 85312011 87142545 10860780 20054625 441731208 460934552 96381488 93871598 345349720 367062954 GENERAL AND TECHNICAL EDUCATION SERVICES 0 0 87142545 15146323 84441962 GENERAL AND TECHNICAL EDUCATION SERVICES 87142545 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 55 0 685 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 11 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X NEW ENGLAND INSTITUTE OF TECHNOLOGY 4017395000 ONE NEW ENGLAND TECH BOULEVARD EAST GREENWICH RI 02818 X DR WILLIAM CROASDALE TRUSTEE 1.00 X 0 0 0 JOSEPH DEANGELIS TRUSTEE 1.00 X 0 0 0 FRANCIS X FLAHERTY TRUSTEE 1.00 X 0 0 0 STEVEN L MELTZER TRUSTEE 1.00 X 0 0 0 PHILLIP KYDD TRUSTEE 1.00 X 0 0 0 ROANNE SRAGOW LICHT TRUSTEE 1.00 X 0 0 0 LYNETTE LABINGER TRUSTEE 1.00 X 0 0 0 JAMES DIOSSA TRUSTEE 1.00 X 0 0 0 SETH KURN TRUSTEE 1.00 X 0 0 0 JOEL S KENT TRUSTEE 1.00 X 0 0 0 RICHARD I GOUSE PRESIDENT & TRUSTEE 55.00 X X 1075209 0 189791 CHERYL C CONNORS SENIOR V.P. & TREASURER 50.00 X 537503 0 148980 SCOTT FREUND EXEC. VICE PRES. 50.00 X 509068 0 29242 KENNETH F JALBERT VICE PRESIDENT 50.00 X 291264 0 43164 CATHERINE KENNEDY VICE PRESIDENT 50.00 X 206380 0 20977 STEVEN KITCHIN VICE PRESIDENT 50.00 X 154884 0 34698 DOUGLAS SHERMAN JR SENIOR V.P. & PROVOST 50.00 X 329581 0 43821 ALAN I RESNICK VICE PRESIDENT 50.00 X 295969 0 42034 AMY GRZYBOWSKI VICE PRESIDENT 50.00 X 209003 0 6546 THOMAS FAY VICE PRESIDENT/GENERAL COUNSEL 50.00 X 186554 0 1780 JACQUES LAFLAMME CIO 45.00 X 200267 0 12554 HENRY YOUNG ASSISTANT PROVOST 45.00 X 220387 0 36433 DARLENE NORET ASSISTANT PROVOST 45.00 X 173283 0 25743 HENRY JOHNSON ASSOCIATE PROFESSOR/DEPT. CHAIR 45.00 X 175096 0 30946 ASHLEY AMROL NURSING INSTRUCTOR 45.00 X 168774 0 13457 4733222 0 680166 90 0 1 0 ADLER POLLOCK & SHEEHAN PC 1 CITIZENS PLAZA 8TH FLOOR PROVIDENCE RI 02903 LEGAL SERVICES 179137 1 85525 85525 TUITION INCOME 611710 81429924 81429924 WORKFORCE TRAINING REIMB FUNDING 611710 1582992 1582992 BOOKS AND SUPPLIES 611710 508546 508546 MISC. OTHER INCOME 611710 470927 470927 GRANT REVENUE 611710 449573 449573 84441962 7205079 7205079 15396670 750 0 0 15396670 750 15397420 15397420 93415 26231 67184 67184 107197170 107044461 0 67184 15146323 15146323 3844664 3844664 27414092 27414092 893896 893896 3383890 3383890 2313071 2313071 152459 152459 122505 122505 1592322 1592322 1363434 1363434 3245535 3245535 3064137 3064137 1537649 1537649 6119003 6119003 183125 183125 2043119 2043119 7943310 7943310 797506 797506 STUDENT SCHOLARSHIPS & 5085936 5085936 TEMPORARY LABOR 276228 276228 DUES & SUBSCRIPTIONS 272620 272620 ENROLLMENT EXPENSES 180661 180661 167060 167060 87142545 87142545 0 0 8362191 9086300 27778216 35173471 961533 980013 2860331 3476272 158929 127906 271983638 132081290 143946513 139902348 251991713 267776488 5671782 4411754 441731208 460934552 13323814 14800314 82247790 78120282 809884 951002 96381488 93871598 X 343756099 365437352 1593621 1625602 345349720 367062954 441731208 460934552 X 20054625 3388534 -1729925 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 271490056 152711 24397961 3020460 293020268 248320827 228538 23834063 893371 271490056 230516744 158374 18131681 485972 248320827 252547207 216227 -22521413 274327 230516744 212926431 103327 40140639 -623190 252547207 0.99450 0.00550 0 0 40142230 40142230 174715173 80510555 94204618 56313713 51570735 4742978 812522 812522 139902348 MUTUAL FUNDS 31724153 F FIXED INCOME SECURITIES AND BONDS 77005927 F EXCHANGE TRADED FUNDS 38005777 F LIMITED LIABILITY PARTNERSHIPS 39465981 F LIMITED LIABILITY COMPANIES 2351668 F EQUITY SECURITIES 78022541 F REAL ESTATE INVESTMENT TRUSTS 1200441 F 267776488 CONTRACT OBLIGATIONS 543041 FINANCE LEASE LIABILITIES 407961 951002 X 67068328 0 67068328 1592322 38536520 40128842 107197170 68606122 129915 129915 68476207 1592322 17074016 18666338 87142545 PART V, LINE 4: THE INSTITUTE'S ENDOWMENT CONSISTS OF SEVEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS (TRUE ENDOWMENT) AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE CHANGES IN THE ENDOWMENT NET ASSETS FOR THE YEARS ENDED 6/30/25, 6/30/24, 6/30/23, 6/30/22 AND 6/30/21 ARE INCLUDED IN SCHEDULE D, PART V. INCLUDED IN PART X, BALANCE SHEET, LINE 27 - NET ASSETS WITHOUT DONOR RESTRICTIONS, ARE BOARD-DESIGNATED ENDOWMENT FUNDS WITHOUT DONOR RESTRICTIONS TOTALING $ 291,394,666 AND $ 269,896,435 FOR THE YEARS ENDED 6/30/25 AND 6/30/24, RESPECTIVELY. ALSO, DONOR RESTRICTED ENDOWMENT FUNDS TOTALING $ 1,625,602 AND $ 1,593,621 ARE INCLUDED IN PART X, BALANCE SHEET, LINE 28 AS NET ASSETS WITH DONOR RESTRICTIONS, FOR THE YEARS ENDED 6/30/25 AND 6/30/24, RESPECTIVELY. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INSTITUTE HAS ADOPTED THE FASB ASC TOPIC, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. TAX YEARS 2024, 2023 AND 2022 REMAIN SUBJECT TO EXAMINATION BY THE MAJOR TAX AUTHORITIES. AT JUNE 30, 2025, MANAGEMENT BELIEVES NO SUCH PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NECESSARY. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET GAIN & INCOME ON LT INVESTMENTS RECORDED AS OTHER INCOME ON F/STATEMENTS 21,009,427. INSTITUTIONAL AID RECORDED NET AGAINST REVENUE ON FINANCIAL STATEMENTS BUT RECORDED GROSS ON 990 17,074,016. BAD DEBT EXPENSE INCLUDED IN EXPENSES ON FINANCIAL STATEMENTS BUT RECORDED NET AGAINST PROGRAM SERVICE REVENUE ON 990 -129,915. INVESTMENT RETURNS APPROPRIATED FOR OPERATIONS INCLUDED IN TOTAL REVENUE ON FINANCIAL STATEMENTS BUT NOT 990 -1,000,000. WORKFORCE TRAINING REIMB FUNDING RECORDED AS NONOPERATING INCOME ON FINANCIAL STATEMENTS BUT INCLUDED AS PROGRAM SERVICE REVENUE ON 990 1,582,992. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE INCLUDED IN EXPENSES ON FINANCIAL STATEMENTS BUT RECORDED NET AGAINST PROGRAM SERVICE REVENUE ON 990 129,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID RECORDED NET AGAINST REVENUE ON FINANCIAL STATEMENTS BUT INCLUDED ON STATEMENT OF FUNCTIONAL EXPENSES ON 990 17,074,016. PART VI, LINE E: OTHER ASSETS LISTED IN PART VI - LAND, BUILDINGS AND EQUIPMENT: CONSTRUCTION IN PROGRESS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATION POLICY PUBLISHED IN THE PROVIDENCE JOURNAL BULLETIN SERVING THE GREATER PROVIDENCE AREA. SCHEDULE E, PART I, LINE 6 THE INSTITUTE RECEIVES AID FOR ITS STUDENTS UNDER THE PROVISIONS OF TITLE IV OF THE HIGHER EDUCATION ACT. ALUMNI GOLF TOURNAMENT 93415 93415 20764 5467 93415 93415 20764 5467 26231 67184 SCHEDULE G, PART II, FUNDRAISING EVENTS PART II, LINE 11 THE INSTITUTE SPONSORED AN ALUMNI GOLF TOURNAMENT TO RAISE FUNDS FOR STUDENT SCHOLARSHIPS. 0 SCHOLARSHIPS FOR STUDENTS 1098 15146323 X 0 1 X X X X X X 0 1 0 0 0 0 0 1 1 1 RICHARD I GOUSE PRESIDENT & TRUSTEE 837288 0 154927 0 82994 0 163950 0 25841 0 1265000 0 0 0 CHERYL C CONNORS SENIOR V.P. & TREASURER 526391 0 0 0 11112 0 148950 0 30 0 686483 0 0 0 SCOTT FREUND EXEC. VICE PRES. 434257 0 64011 0 10800 0 20700 0 8542 0 538310 0 0 0 KENNETH F JALBERT VICE PRESIDENT 280464 0 0 0 10800 0 17322 0 25842 0 334428 0 0 0 CATHERINE KENNEDY VICE PRESIDENT 195580 0 0 0 10800 0 11940 0 9037 0 227357 0 0 0 STEVEN KITCHIN VICE PRESIDENT 144084 0 0 0 10800 0 9110 0 25588 0 189582 0 0 0 DOUGLAS SHERMAN JR SENIOR V.P. & PROVOST 288772 0 30009 0 10800 0 17979 0 25842 0 373402 0 0 0 ALAN I RESNICK VICE PRESIDENT 264159 0 21010 0 10800 0 16517 0 25517 0 338003 0 0 0 AMY GRZYBOWSKI VICE PRESIDENT 198203 0 0 0 10800 0 5965 0 581 0 215549 0 0 0 THOMAS FAY VICE PRESIDENT/GENERAL COUNSEL 175754 0 0 0 10800 0 1750 0 30 0 188334 0 0 0 JACQUES LAFLAMME CIO 200267 0 0 0 0 0 11989 0 565 0 212821 0 0 0 HENRY YOUNG ASSISTANT PROVOST 220387 0 0 0 0 0 10916 0 25517 0 256820 0 0 0 DARLENE NORET ASSISTANT PROVOST 173283 0 0 0 0 0 0 0 25743 0 199026 0 0 0 HENRY JOHNSON ASSOCIATE PROFESSOR/DEPT. CHAIR 175096 0 0 0 0 0 5429 0 25517 0 206042 0 0 0 ASHLEY AMROL NURSING INSTRUCTOR 168774 0 0 0 0 0 4915 0 8542 0 182231 0 0 0 PART I, LINE 1B THIS RELATES TO A HOUSING ALLOWANCE OF A DEFINED AMOUNT PER THE APPLICABLE EMPLOYMENT AGREEMENTS AND THEREFORE THIS BENEFIT IS NOT GOVERNED BY A SEPARATE POLICY. THE REIMBURSEMENT OF EXPENSES FOR THE COVERED PERSONS ARE SUBJECT TO THE LIMITATIONS AND GUIDELINES STATED IN THEIR APPLICABLE EMPLOYMENT AGREEMENTS AND SUCH EXPENSES ARE SUBJECT TO REVIEW BY A DESIGNEE OF THE BOARD. PART I, LINE 4B THE INSTITUTE PROVIDES ANNUAL CREDITS TO A 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE ($120,000) AND CHERYL C. CONNORS ($105,000). THE VESTING OF THE SERP BENEFITS IS CONTINGENT UPON EACH PARTICIPANT COMPLETING A SPECIFIED SERVICE PERIOD AND SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AS REQUIRED BY SECTION 457(F) OF THE INTERNAL REVENUE CODE. DEFERRED COMPENSATION IN SCHEDULE J ALSO INCLUDES EMPLOYER CONTRIBUTIONS TO A 457B DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE AND CHERYL C. CONNORS. PART I, LINE 7 THE AWARD OF PERFORMANCE INCENTIVE PAMENTS IS CONDUCTED IN CONNECTION WITH A COMPREHENSIVE ANNUAL EVALUATIVE PROCESS ON QUALITATIVE AND QUANTITATIVE METRICS DEEMED APPROPRIATE TO THE RESPECTIVE POSITIONS BY THE COMPENSATION COMMITTEE OF THE BOARD. ONLY CERTAIN SENIOR EXECUTIVE LEVEL POSITIONS ARE ELIGIBLE TO RECEIVE THESE NON-FIXED PAYMENTS, WHICH HAVE PARAMETERS AND LIMITATIONS IN ACCORDANCE WITH THE APPLICABLE EMPLOYMENT AGREEMENTS FOR CERTAIN EXECUTIVES AND THE INSTITUTE'S COMPLIANCE PROCESS FOR EXECUTIVE COMPENSATION UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE. CONSISTENT WITH THE BY-LAWS, THE TERMS FOR EMPLOYMENT OF THE APPLICABLE SENIOR EXECUTIVES WERE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE RETAINS CONTROL IN DETERMINING AND ASSESSING PROGRESS IN ACHIEVEMENT OF THE RELEVANT METRICS. SCHEDULE J, PART II, COLUMN B: INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION, IS A HOUSING ALLOWANCE AND AN AUTOMOBILE ALLOWANCE FOR RICHARD I. GOUSE. THE TERMS GOVERNING THE CALCULATION OF THE HOUSING AND AUTOMOBILE ALLOWANCES ARE DEFINED AND AUTHORIZED IN THE EMPLOYMENT AGREEMENT BETWEEN THE PRESIDENT AND THE INSTITUTE. THE PRESIDENT'S EMPLOYMENT AGREEMENT AS WELL AS ALL SUBSEQUENT AMENDMENTS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. INCLUDED IN OTHER REPORTABLE COMPENSATION FOR CHERYL C. CONNORS IS A PAYMENT IN ASSOCIATION WITH AN AUTOMOBILE BENEFIT. THE AMOUNTS LISTED AS OTHER REPORTABLE COMPENSATION FOR THE OTHER 8 SENIOR ADMINISTRATORS REFLECT PAYMENTS IN ASSOCIATION WITH AN AUTOMOBILE BENEFIT. SCHEDULE J, PART II, COLUMN D: INCLUDED IN SCHEDULE J, COLUMN D, ARE EMPLOYER BENEFIT COSTS FOR HEALTH, DENTAL, AND LIFE INSURANCE BENEFITS FOR THE 15 INDIVIDUALS LISTED. SCHEDULE J, PART III: ALL COMPENSATION ADJUSTMENTS FOR EXECUTIVE EMPLOYEES ARE MADE PURSUANT TO THE OVERSIGHT AND APPROVAL OF THE COMPENSATION COMMITTEE OF THE BOARD AND CONDUCTED IN CONNECTION WITH AN ANNUAL EVALUATION PROCESS. A SERIES 2008 - RHODE ISLAND HEALTH AND EDUCATION BUILDING CORP 521300173 762197CL3 2009-03-01 16120000 SEE SCHEDULE O 0 0 0 B SERIES 2015 - RHODE ISLAND HEALTH AND EDUCATION BUILDING CORP 521300173 2015-08-31 60000000 SEE SCHEDULE O 0 0 0 C SERIES 2017 - RHODE ISLAND HEALTH AND EDUCATION BUILDING CORP 521300173 2017-03-09 36450000 SEE SCHEDULE O 0 0 0 A 12105000 16120000 272408 22592 1582500 1 1 1 1 B 14743232 60000000 137101 59909501 0 0 0 1 C 10104806 36450000 220423 36229577 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 1 MERRILL LYNCH CAPITAL 10.000000000000 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 2 RICHARD I. GOUSE, WHO IS SERVING AS PRESIDENT, IS THE SPOUSE OF THE CURRENT SENIOR V.P. FOR FINANCIAL AFFAIRS AND ENDOWMENT MANAGER AND TREASURER, CHERYL C. CONNORS. HE HAS NO OVERSIGHT OR AUTHORITY IN THE EMPLOYMENT STATUS, ASSIGNED DUTIES, EVALUATION OR COMPENSATION LEVEL ASSIGNED TO CHERYL C. CONNORS. HE DOES NOT SUPERVISE CHERYL C. CONNORS AND HAS NO REPORTING RELATIONSHIP. ONLY INDEPENDENT MEMBERS OF THE COMPENSATION COMMITTEE ARE INVOLVED IN HER COMPENSATION AND EVALUATIVE DETERMINATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE INSTITUTE'S GOVERNING BODY(BOARD OF TRUSTEES) PRIOR TO THE RETURN'S FILING. THE REVIEW PROCESS OF THE RETURN INCLUDES PRESENTATION TO AND REVIEW BY THE SENIOR FINANCIAL OFFICERS OF THE INSTITUTE AND ALL MEMBERS OF THE BOARD OF TRUSTEES. A DRAFT OF THE RETURN IS ALSO PROVIDED TO THE INSTITUTE'S LEGAL COUNSEL FOR COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS CONCERNING DISCLOSURE OF GOVERNANCE PROCESS AND REPORTING OF EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE IN REGARDS TO THE WRITTEN CONFLICT OF INTEREST POLICY. THE OFFICERS AND TRUSTEES ANNUALLY REVIEW THE POLICY AND SUBMIT CONFLICT OF INTEREST DISCLOSURE FORMS, AS WELL AS TO ANNUALLY SIGN ACKNOWLEDGEMENTS OF THEIR REVIEW AND COMPLIANCE WITH THE INSTITUTE'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE INSTITUTE'S OFFICERS IS DETERMINED UNDER THE AUTHORITY OF THE COMPENSATION COMMITTEE OF THE BOARD, WITH THE ADVICE AND FINDINGS OF AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION STUDY ASSESSING COMPARABLE DATA, AND SUBJECT TO THE FINAL APPROVAL OF THE COMPENSATION COMMITTEE. THIS PROCESS IS CONSISTENT WITH THE REBUTTABLE PRESUMPTION DESCRIBED IN REGULATION SECTION 53.4958-6(C). FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR VIEW TO MEMBERS OF THE PUBLIC WHO HAVE MADE A WRITTEN REQUEST. THE INSTITUTE HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. PART VII, COLUMN F, ESTIMATED AMOUNT OF OTHER COMPENSATION: OTHER COMPENSATION INCLUDED UNDER COLUMN F INCLUDES EMPLOYER MATCH FOR 403(B) CONTRIBUTIONS, EMPLOYER 457(B) CONTRIBUTIONS AND 457(F) CREDITS FOR CERTAIN OFFICERS, AND EMPLOYER BENEFIT COSTS FOR HEALTH, DENTAL AND LIFE INSURANCE BENEFITS FOR THE INDIVIDUALS LISTED. PART VII - INDEPENDENT CONTRACTORS PHILLIP KYDD, A NON-COMPENSATED INDIVIDUAL TRUSTEE WAS PAID THROUGH HIS COMPANY, THE GEMINI GROUP, COMPENSATION AS AN INDEPENDENT CONTRACTOR FOR CONSULTING SERVICES. THE AMOUNT PAID FOR THE FISCAL YEAR END JUNE 30, 2025 WAS $ 90,000. THE AMOUNT PER THE 1099NEC FOR CALENDAR YEAR 2024, WHICH IS WITHIN THE INSTITUTE'S FISCAL YEAR END, WAS $ 91,531. FORM 990, PART XI, LINE 9: DECREASE IN OBLIGATION UNDER INTEREST RATE SWAP -1,729,925. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE K, PART 1, COLUMN F: THE PURPOSE OF THE 2008 BOND ISSUANCE REGARDED THE REFUNDING OF THE SERIES 2004 BONDS AND PAYMENT OF CERTAIN EXPENSES WITH RESPECT TO THE 2008 BONDS. THE PURPOSE OF THE 2015 BOND ISSUANCE REGARDED THE FINANCE, DESIGN, CONSTRUCTION AND EQUIPPING OF A 400 BED RESIDENCE HALL FACILITY LOCATED ON THE INSTITUTE'S CAMPUS. THE PURPOSE OF THE 2017 BOND ISSUANCE REGARDED THE ADVANCE REFUNDING OF THE SERIES 2010 BONDS. SCHEDULE J, COLUMN B (II): THE AWARD OF PERFORMANCE INCENTIVE PAYMENTS IS CONDUCTED IN CONNECTION WITH A COMPREHENSIVE ANNUAL EVALUATIVE PROCESS ON QUALITATIVE AND QUANTITATIVE METRICS DEEMED APPROPRIATE TO THE RESPECTIVE POSITIONS BY THE COMPENSATION COMMITTEE OF THE BOARD. ONLY CERTAIN SENIOR EXECUTIVE LEVEL POSITIONS ARE ELIBIBLE TO RECEIVE THESE NON-FIXED PAYMENTS, WHICH HAVE PARAMETERS AND LIMITATIONS IN ACCORDANCE WITH THE APPLICABLE EMPLOYMENT AGREEMENTS FOR CERTAIN EXECUTIVES AND THE INSTITUTE'S COMPLIANCE PROCESS FOR EXECUTIVE COMPENSATION UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE. THE COMPENSATION COMMITTEE RETAINS CONTROL IN DETERMINING AND ASSESSING PROGRESS IN ACHIEVEMENT OF THE RELEVANT METRICS. ALL PAYMENTS TO INDIVIDUALS IN SENIOR EXECUTIVE POSITIONS (PRESIDENT, EXECUTIVE VICE PRESIDENT, SENIOR VICE PRESIDENT OF FINANCE AND TREASURER) ARE MADE PURSUANT TO DECISIONS BY THE COMPENSATION COMMITTEE OF THE BOARD. BONUSES FOR PERFORMANCE RELATED TO FYE 6/30/2024 WERE PAID OUT IN NOVEMBER 2024, SUBSEQUENT TO THE MEETING OF THE COMPENSATION COMMITTEE ON 10/24/24. SCHEDULE J, COLUMN B(III): INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION, IS A HOUSING ALLOWANCE AND AN AUTOMOBILE ALLOWANCE FOR RICHARD I. GOUSE. THE TERMS GOVERNING CALCULATION OF THE HOUSING ALLOWANCE ARE DEFINED AND AUTHORIZED IN THE EMPLOYMENT AGREEMENT BETWEEN THE PRESIDENT AND THE INSTITUTE. THE PRESIDENT'S EMPLOYMENT AGREEMENT AS WELL AS ALL SUBSEQUENT AMENDMENTS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. INCLUDED IN OTHER REPORTABLE COMPENSATION FOR CHERYL C. CONNORS IS A PAYMENT IN ASSOCATION WITH AN AUTOMOBILE BENEFIT. THE AMOUNTS LISTED AS OTHER REPORTABLE COMPENSATION FOR THE REMAINING 8 SENIOR ADMINISTRATORS REFLECT PAYMENTS IN ASSOCIATION WITH AN AUTOMOBILE BENEFIT. SCHEDULE J, COLUMN C: DEFERRED COMPENSATION INCLUDES EMPLOYER CONTRIBUTIONS TO A 457B DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE AND CHERYL C. CONNORS. DEFERRED COMPENSATION ALSO INCLUDES AN ANNUAL AMOUNT CREDITED TO A 457F NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE AND CHERYL C. CONNORS, AND EMPLOYER AMOUNTS CONTRIBUTED TO A DEFINED CONTRIBUTION RETIREMENT PLAN FOR ALL THE INDIVIDUALS LISTED WITH AN AMOUNT IN COLUMN C. NEW ENGLAND TECHNICAL COLLEGE ONE NEW ENGLAND TECH BOULEVARD EAST GREENWICH RI 02818 050459858 TECHNICAL EDUCATION SERVICES RI 170(B)(1)(A)(II) 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0