2026-05-15T08:07:41-05:00 2025-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-07-01 042103589 LESLEY UNIVERSITY LESL 6173498500 29 EVERETT STREET CAMBRIDGE MA 021382790 ROBERT F PERUZZOTTI VICE PRESIDENT OF FINANCE, CFO 6173498500 2026-05-15 1 1 BRENDA L BOOTH P01342395 6178075000 2026-05-15 2024 2025-03-06 01:10:19Z JANET L STEINMAYER 29 EVERETT STREET CAMBRIDGE MA 021382790 214652313 0 X WWW.LESLEY.EDU X 1909 MA LESLEY UNIVERSITY ENGAGES STUDENTS IN TRANSFORMATIVE EDUCATION THROUGH ACTIVE LEARNING, SCHOLARLY RESEARCH, DIVERSE FORMS OF ARTISTIC EXPRESSION, AND THE INTEGRATION OF RIGOROUS ACADEMICS WITH PRACTICAL, PROFESSIONAL EXPERIENCE, LEADING TO MEANINGFUL CAREERS AND CONTINUING LIFELONG LEARNING. LESLEY PREPARES SOCIALLY RESPONSIBLE GRADUATES WITH THE KNOWLEDGE, SKILLS, UNDERSTANDING AND ETHICAL JUDGMENT TO BE CATALYSTS SHAPING A MORE JUST, HUMANE, AND SUSTAINABLE WORLD. 20 19 1293 19 -100017 0 11636489 8397244 78218840 71018648 58346117 17523606 2294079 2414594 150495525 99354092 17742478 15920862 0 0 60049044 54750620 0 0 494625 44855927 42018649 122647449 112690131 27848076 -13336039 435216507 426764056 133236041 130210395 301980466 296553661 X LESLEY UNIVERSITY ENGAGES STUDENTS IN TRANSFORMATIVE EDUCATION THROUGH ACTIVE LEARNING, SCHOLARLY RESEARCH, DIVERSE FORMS OF ARTISTIC EXPRESSION, AND THE INTEGRATION OF RIGOROUS ACADEMICS WITH PRACTICAL, PROFESSIONAL EXPERIENCE, LEADING TO MEANINGFUL CAREERS AND CONTINUING LIFELONG LEARNING. LESLEY PREPARES SOCIALLY RESPONSIBLE GRADUATES WITH THE KNOWLEDGE, SKILLS, UNDERSTANDING AND ETHICAL JUDGMENT TO BE CATALYSTS SHAPING A MORE JUST, HUMANE, AND SUSTAINABLE WORLD. 0 0 28493344 71018648 EXPENSES RELATED TO INSTRUCTING FULL TIME AND PART TIME STUDENTS: THE UNIVERSITY IS HOME TO A NUMBER OF IMPORTANT CENTERS THAT CONDUCT RESEARCH, HELP SHAPE PUBLIC POLICY, AND PROVIDE CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES ACROSS A WIDE RANGE OF DISCIPLINES.THE INSTITUTION SERVES APPROXIMATELY 3,700 STUDENTS, INCLUDING UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION POPULATIONS. IT OFFERS MORE THAN 50 ACADEMIC PROGRAMS AND MAINTAINS AN ALUMNI NETWORK EXCEEDING 84,000 INDIVIDUALS, WITH ITS CAMPUS LOCATED IN CAMBRIDGE.LESLEY UNIVERSITY ACADEMICS:*UNDERGRADUATE STUDY:-COURSES + PROGRAMS IN CAMBRIDGE -ONLINE COURSES + PROGRAMS-COLLEGE OF ART AND DESIGN (LA+D)-LIBERAL ARTS & BUSINESS PROGRAMS-EDUCATION PROGRAMS-MENTAL HEALTH & WELL-BEING PROGRAMS*GRADUATE STUDY: -COURSES + PROGRAMS IN CAMBRIDGE AND MASSACHUSETTS-ONLINE COURSES + PROGRAMS- EDUCATION PROGRAMS- MENTAL HEALTH & WELL-BEING PROGRAMS- ART PROGRAMS*UNIQUE PROGRAM FORMATS *CENTERS*CONTINUING EDUCATION + PROFESSIONAL DEVELOPMENT *THRESHOLD NON-DEGREE PROGRAM*ACCREDITATION: -NEW ENGLAND COMMISSION OF HIGHER EDUCATION-NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN-THE BACCALAUREATE BUSINESS MANAGEMENT PROGRAM IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS & PROGRAMS (ACBSP).-THE BACHELOR OF SOCIAL WORK (BSW) IS ACCREDITED BY THE COUNCIL ON SOCIAL WORK EDUCATION (CSWE).-THE MASTER OF SOCIAL WORK (MSW) IS ACCREDITED BY THE COUNCIL ON SOCIAL WORK EDUCATION (CSWE).-THE CLINICAL MENTAL HEALTH COUNSELING: ART THERAPY IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS (CAAHEP) UPON THE RECOMMENDATION OF THE ACCREDITATION COUNCIL FOR ART THERAPY EDUCATION (ACATE).-THE CLINICAL MENTAL HEALTH COUNSELING: ART THERAPY PROGRAM IS APPROVED BY THE AMERICAN ART THERAPY ASSOCIATION.-THE CLINICAL MENTAL HEALTH COUNSELING: DANCE THERAPY PROGRAM IS APPROVED BY THE AMERICAN DANCE THERAPY ASSOCIATION.-THE CLINICAL MENTAL HEALTH COUNSELING: DRAMA THERAPY PROGRAM IS ACCREDITED BY THE NORTH AMERICAN DRAMA THERAPY ASSOCIATION.-THE CLINICAL MENTAL HEALTH COUNSELING: MUSIC THERAPY PROGRAM IS APPROVED BY THE AMERICAN MUSIC THERAPY ASSOCIATION 15920862 15920862 0 EXPENSES RELATED TO FINANCIAL AID FOR STUDENTS:THE PURPOSE OF FINANCIAL AID IS TO HELP STUDENTS ATTAIN THEIR GOAL OF A LESLEY UNIVERSITY EDUCATION, BY OFFERING FINANCIAL ASSISTANCE IN THE FORM OF GRANTS, LOANS, AND STUDENT WORK OPPORTUNITIES. 13498811 EXPENSES RELATED TO ACADEMIC SUPPORT WHICH INCLUDES THE EXPENSES FOR THE LIBRARY, DEAN OF STUDENTS, ACADEMIC ADMINISTRATION AND OTHER ACADEMIC SUPPORT. ALSO, EXPENSES RELATED TO RESEARCH AND GENERAL INSTITUTIONAL OPERATIONS. 13488172 EXPENSES RELATED TO SERVICES PROVIDED TO THE STUDENT BODY, INCLUDING COUNSELING, CAREER GUIDANCE, ADMISSIONS, REGISTRAR, STUDENT ACTIVITIES, AND HEALTH SERVICES AS WELL AS EXPENSES RELATED TO ATHLETIC PROGRAMS. 13745447 1078027 AUXILIARY ENTERPRISES AND PLANT OPERATIONS 27233619 1078027 85146636 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 270 0 1 1293 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X JANET STEINMAYER PRESIDENT 6173498500 29 EVERETT STREET CAMBRIDGE MA 021382790 JANET L STEINMAYER PRESIDENT 40.00 X X 631665 0 66617 MR ART BARDIGE TRUSTEE 1.00 X 0 0 0 MR DAVID B SMITH TRUSTEE 1.00 X 0 0 0 MR DAVID I NEWTON TRUSTEE 1.00 X 0 0 0 MR HANS D STRAUCH TRUSTEE, CHAIR 1.00 X X 0 0 0 MR HAROLD BELODOFF TRUSTEE VICE CHAIR AND TREASURER 1.00 X X 0 0 0 MR MICHAEL E MOONEY TRUSTEE 1.00 X 0 0 0 MR THOMAS N RILEY TRUSTEE 1.00 X 0 0 0 MRS DEBORAH SCHWARTZ RAIZES TRUSTEE 1.00 X 0 0 0 MS BARBARA WEINSTEIN RUSSELL TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 MS CECELIA FITZGIBBON TRUSTEE 1.00 X 0 0 0 MS GEORGETTE CHAPMAN PHILLIPS TRUSTEE 1.00 X 0 0 0 MS JUANITA JAMES TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 MS LYNDA LEE SHERIDAN TRUSTEE, CLERK 1.00 X X 0 0 0 MS NINA HOUGHTON TRUSTEE 1.00 X 0 0 0 MS SUSAN LUICK GOOD TRUSTEE 1.00 X 0 0 0 MS VERONICA OHANIAN HEATH TRUSTEE 1.00 X 0 0 0 CAROLYN JEPPSEN TRUSTEE 1.00 X 0 0 0 MARSHA MEDALIE TRUSTEE 1.00 X 0 0 0 ANDRE MEHTA TRUSTEE 1.00 X 0 0 0 JOANNE KOSSUTH COO 40.00 X 265821 0 49377 MARY-JANE MACLAUGHLIN CHIEF HR OFFICER 40.00 X 268936 0 57505 SHIRIN PHILIPP VP & GENERAL COUNSEL 40.00 X 274839 0 25348 DEANNA YAMEEN INTERIM PROVOST 40.00 X 289150 0 44795 MICHAEL J HOYLE CFO 40.00 X 248317 0 39969 NATHANIEL G MAYS DEAN OF STUDENTS 40.00 X 198432 0 11117 STEVEN S SHAPIRO VICE PROVOST FOR LIBERAL ARTS & BUSINESS 40.00 X 178468 0 67625 STEPHANIE SPADORCIA VICE PROVOST FOR EDUCATION 40.00 X 158327 0 41393 MEENAKSHI CHHABRA VICE PROVOST FOR MENTAL HEALTH & WELL-BEING 40.00 X 174116 0 31482 HEATHER SHAW VICE PROVOST FOR ART & DESIGN 40.00 X 173476 0 10746 IRENE FOUNTAS DIRECTOR READING RECOVERY 40.00 X 195531 0 44472 AYSE ATASOYLU DIRECTOR OF STUDENT HEALTH 20.00 X 209856 0 35674 GLORIA NORONHA VP EQUITY DIVERSITY INCLUSION 40.00 X 219285 0 23204 ANDREW DEMELIA AVP - OPERATION 40.00 X 189801 0 19971 PATRICK COOGAN AVP FIN PLANNING & ANALYSIS 40.00 X 214273 0 10628 3890293 0 579923 118 0 1 0 SHAWMUT DESIGN CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION 17465427 ARAMARK SERVICES LOCKBOX 978839 DALLAS TX 75397 DINING SERVICES 3098096 CAFCO CONSTRUCTION MANAGEMENT LLC 77 CHARLES STREET SOUTH BOSTON MA 02116 CONSTRUCTION 3023386 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 1033118 UG2 LLC ONE INTERNATIONAL PLACE THIRD FLOO BOSTON MA 02110 FACILITY SERVICES 989875 39 1271231 7126013 1017683 8397244 TUITION AND FEES 900099 71018648 71018648 71018648 2171900 -125209 2297109 2891321 1579946 1311375 1311375 1311375 118569981 10500000 113017778 700497 5552203 9799503 15351706 15351706 OTHER INCOME 900099 1078027 1078027 PARKING LOT INCOME 812930 25192 25192 1103219 99354092 72096675 -100017 18960190 15920862 15920862 3320039 1439668 1880371 39417014 30230259 8824165 362590 2763121 1886019 852083 25019 6247055 4264042 1926449 56564 3003391 2050020 926177 27194 1179286 1179286 232295 232295 776974 776974 313084 156542 156542 494368 494368 730161 459721 254460 15980 3498813 29969 3468844 6397843 6224273 173570 923592 787099 136193 300 114605 99452 15153 4216237 3461100 755137 8529765 6473618 2056147 969578 358 969220 FOOD SERVICE 3867371 3867371 CUSTODIAL CONTRACTS 3308353 3308353 SECURITY CONTRACTS 2218781 2218781 MEMBERSHIPS AND DUES 488968 407624 81344 3758575 1367137 2384460 6978 112690131 85146636 27048870 494625 16143686 10429457 1941641 1670417 1820635 5319514 3939977 4090137 350300 300566 5791115 2791132 350174486 112205725 216594168 237968761 69899729 44983605 113673600 114241528 5061656 4968939 435216507 426764056 14382226 15312087 13466 7842176 8333018 109626266 105050010 1371907 1515280 133236041 130210395 X 254199249 242565374 47781217 53988287 301980466 296553661 435216507 426764056 -13336039 7909234 0 X 0 1 X 1 1 1 X 25676649 13123975 6027934 11636489 8397244 64862291 25676649 13123975 6027934 11636489 8397244 64862291 3209488 61652803 5127055 4151181 5033296 5127362 5188430 24627324 35970 35970 89525585 391919918 0.68870 0.70390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 184914869 6255450 14452133 44220373 161402079 188022581 196609 12528763 15833084 184914869 185227145 1448050 17210120 15862734 188022581 225475609 2448309 -27320284 15376489 185227145 186239101 1534696 49134801 11432989 225475609 0.71220 0.28780 0.00000 0 0 23246042 23246042 128234138 38373812 89860326 151875760 49945837 101929923 28966381 23886076 5080305 17852165 17852165 237968761 INTERNATIONAL EQUITIES 55621116 F PRIVATE REAL ASSETS 10482858 F PRIVATE EQUITIES 28136235 F FIXED INCOME 18134196 F HEDGE FUNDS 1867123 F 114241528 OBLIGATION TO EMPLOYEES FOR RETIREMENT 1515280 1515280 X 108066298 7909234 1579946 9489180 98577118 776974 776974 99354092 113493103 1579946 1579946 111913157 776974 776974 112690131 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT INCLUDES APPROXIMATELY 120 INDIVIDUAL FUNDS WHICH ARE INVESTED AND ADMINISTERED IN ACCORDANCE WITH DONOR STIPULATION. THE BOARD ALSO INVESTS CERTAIN FUNDS AS IF THEY ARE ENDOWMENT, HOWEVER THOSE ARE SUBJECT TO BOARD OVERSIGHT RATHER THAN STATE LAW. THE UNIVERSITY TRACKS THE VALUE OF ORIGINAL GIFTS TO ITS ENDOWMENT TYPE FUNDS AS WELL AS THE APPRECIATION OVER TIME, LESS ANY SPENDING UNDER ITS SPENDING POLICIES. SUCH APPRECIATION FOLLOWS THE ORIGINAL GIFT INSTRUMENT THAT UNDERLIES THE RELATED FUNDS. THE UNIVERSITY'S INVESTMENTS ARE MANAGED IN ACCORDANCE WITH SOUND PRACTICES EMPHASIZING LONG-TERM FUNDAMENTALS TO ACHIEVE LONG-TERM RATES OF RETURN, TO MAINTAIN PURCHASING POWER OF THE FUNDS, AND TO PROVIDE FOR CURRENT SPENDING. INVESTMENTS ARE DIVERSIFIED TO REDUCE VOLATILITY AND RISK ASSOCIATED WITH CONCENTRATED POSITIONS, AND RETURNS SOUGHT ARE THOSE COMPARING FAVORABLY TO OTHER ENDOWMENTS, FOUNDATIONS AND APPROPRIATE BENCHMARKS. PORTFOLIO VOLATILITY IS INTENDED TO APPROXIMATE THE WEIGHTED COMPOSITE OF MARKET INDICES CORRELATING WITH THE POLICY TARGET PORTFOLIO, PERIODICALLY ADJUSTED FOR MARKET CONDITIONS. A DIVERSIFIED TARGET ASSET ALLOCATION PLACES EMPHASIS ON EQUITIES, FIXED INCOME, REAL ESTATE AND MANAGERS EMPLOYING MULTI-ASSET AND ABSOLUTE RETURN STRATEGIES. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATIONS AS TO WHAT INCOME IS RELATED AND UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE UNIVERSITY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. 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: RENTAL EXPENSES 1,579,946. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,579,946. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LESLEY UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY IS WIDELY PUBLICIZED THROUGH A VARIETY OF PRINT AND ELECTRONIC MEDIA. THE NOTIFICATION LANGUAGE SET FORTH IN SECTION 403 OF REV. PROC. 75-50 IS INCLUDED IN LESLEY'S BROCHURES AND OTHER PUBLICATIONS WHICH ARE AVAILABLE TO THE GENERAL PUBLIC. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY AND ITS STUDENTS PARTICIPATE IN FINANCIAL AID AND ASSISTANCE FROM THE FEDERAL GOVERNMENT IN THE FORM OF FEDERAL PROGRAMS AND GRANTS ADMINISTERED BY THE DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 3977962 NORTH AMERICA 0 0 INVESTING 6228463 0 0 0 0 0 0 10206425 0 10206425 1 0 1 1 1 0 1 SCHOLARSHIPS 1595 15920862 FMV SCHOLARSHIPS ARE GIVEN OUT AS BURSAR CREDITS TO THE STUDENT'S ACCOUNT. PART I, LINE 2: ALL GRANTS PROVIDED BY THE UNIVERSITY ARE FOR FINANCIAL AID TO STUDENTS. GRANTS AND OTHER ASSISTANCE ARE RELATED TO INSTITUTIONAL FINANCIAL AID FOR WHICH STUDENTS APPLY THROUGH THE FINANCIAL AID OFFICE. ALL AID IS AWARDED BASED ON CERTAIN GUIDELINES AND IS CREDITED DIRECTLY TO STUDENTS' TUITION ACCOUNTS. ALL AWARDS ARE DIRECTLY RELATED TO THE STUDENTS' EDUCATION AT THE INSTITUTION'S PHYSICAL LOCATION AND ONLINE COURSES. STUDENTS ARE REQUIRED TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS IN ORDER TO CONTINUE TO RECEIVE FINANCIAL AID. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JANET L STEINMAYER PRESIDENT 629943 0 0 0 1722 0 52184 0 14433 0 698282 0 0 0 DEANNA YAMEEN INTERIM PROVOST 287566 0 0 0 1584 0 30500 0 14295 0 333945 0 0 0 MARY-JANE MACLAUGHLIN CHIEF HR OFFICER 267352 0 0 0 1584 0 30499 0 27006 0 326441 0 0 0 JOANNE KOSSUTH COO 264237 0 0 0 1584 0 23421 0 25956 0 315198 0 0 0 SHIRIN PHILIPP VP & GENERAL COUNSEL 274287 0 0 0 552 0 24796 0 552 0 300187 0 0 0 MICHAEL J HOYLE CFO 247629 0 0 0 688 0 22333 0 17636 0 288286 0 0 0 STEVEN S SHAPIRO VICE PROVOST FOR LIBERAL ARTS & BUSINESS 177335 0 0 0 1133 0 30500 0 37125 0 246093 0 0 0 AYSE ATASOYLU DIRECTOR OF STUDENT HEALTH 208533 0 0 0 1323 0 21640 0 14034 0 245530 0 0 0 GLORIA NORONHA VP EQUITY DIVERSITY INCLUSION 219081 0 0 0 204 0 23000 0 204 0 242489 0 0 0 IRENE FOUNTAS DIRECTOR READING RECOVERY 194270 0 0 0 1261 0 30500 0 13972 0 240003 0 0 0 PATRICK COOGAN AVP FIN PLANNING & ANALYSIS 214100 0 0 0 173 0 10455 0 173 0 224901 0 0 0 ANDREW DEMELIA AVP - OPERATION 188700 0 0 0 1101 0 18870 0 1101 0 209772 0 0 0 NATHANIEL G MAYS DEAN OF STUDENTS 197252 0 0 0 1180 0 9937 0 1180 0 209549 0 0 0 MEENAKSHI CHHABRA VICE PROVOST FOR MENTAL HEALTH & WELL-BEING 173134 0 0 0 982 0 30500 0 982 0 205598 0 0 0 STEPHANIE SPADORCIA VICE PROVOST FOR EDUCATION 157985 0 0 0 342 0 5058 0 36335 0 199720 0 0 0 HEATHER SHAW VICE PROVOST FOR ART & DESIGN 173134 0 0 0 342 0 10404 0 342 0 184222 0 0 0 PART I, LINE 1A THE PRESIDENT RESIDES IN UNIVERSITY-OWNED HOUSING, CLOSE TO CAMPUS. BY LOCATING HER IN CLOSE PROXIMITY TO THE UNIVERSITY, IT HELPS TO MAKE THE PRESIDENT AVAILABLE FOR THE DAILY INTERACTION BETWEEN THE COMMUNITY AND THE UNIVERSITY STAFF/STUDENTS/ALUMNI/DONORS AND PHYSICAL PLANTS. THE UNIVERSITY-PROVIDED HOUSING IS GEOGRAPHICALLY INTEGRATED WITH THE UNIVERSITY'S EDUCATIONAL PROPERTY. THE PRESIDENT PERFORMS MANY UNIVERSITY TASKS AND FUNCTIONS AT THE RESIDENCE. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS REQUIRED TO BE OCCUPIED BY THE PRESIDENT AS A CONDITION OF HER EMPLOYMENT. AS THE UNIVERSITY'S PRINCIPAL FUND-RAISER, THE PRESIDENT ENTERTAINS ACTUAL OR POTENTIAL BENEFACTORS, VISITING DIGNITARIES AND COMMUNITY LEADERS IN THE RESIDENCE. THE HEAVINESS OF THE PRESIDENT'S ADMINISTRATIVE WORKLOAD, THE PRESENCE OF UNIVERSITY-RELATED SOCIAL FUNCTIONS AND THE NUMBER OF CONFERENCES SCHEDULED WITH STUDENTS OR FACULTY MEMBERS REQUIRE ACCESS TO THE MAJORITY OF THE RESIDENCE. IN ADDITION, THE UNIVERSITY CONDUCTS OTHER EVENTS THAT ARE ESSENTIAL TO ITS EDUCATIONAL EXEMPTION. IN LIEU OF THE AFOREMENTIONED INTRICACIES OF MULTIPLE USES BY MANY MULTIPLE PARTIES INVOLVED, IT IS IMPRACTICAL AND WOULD NOT BE CONSIDERED AN ACCURATE CALCULATION OF THE FAIR MARKET VALUE OF QUALIFIED CAMPUS LODGING FURNISHED TO THE PRESIDENT. DUE TO THESE FACTORS, THE UNIVERSITY HAS DECIDED TO OMIT ENTERING THE ESTIMATED AMOUNT OF TAX FREE HOUSING ALLOWANCE PROVIDED IN COLUMN F OF FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II, COLUMN D - "NONTAXABLE BENEFITS". THE UNIVERSITY PROVIDES A HOUSE CLEANER FOR THE PRESIDENT AND ALSO PERFORMS ALL NECESSARY MAINTENANCE ON THE HOME. A MASS DEVELOPMENT FINANCE AGENCY 043431814 57584XVS7 2016-09-13 45905000 REFINANCE EXISTING DEBT AND FUND NEW CAPITAL PROJECTS 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431815 575844CC1 2017-12-27 9905000 REFINANCE EXISTING DEBT 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 57584YTV1 2019-08-02 30510625 REFINANCE EXISTING DEBT AND FUND NEW CAPITAL PROJECTS 0 0 0 A 55979787 18717 53211326 544696 5053413 0 1 1 1 B 11243556 252142 10991414 0 0 1 1 C 24205897 30510625 304728 6000000 0 1 1 1 A 0 0 0 0 0.01140 0.01140 0 0 1 B 0 0 0 0 0.02250 0.02250 0 0 1 C 0 0 0 0 0.01310 0.01310 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 0 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS. DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: MASS. DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: MASS. DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 X 3 1017683 FMV 0 0 0 PART I, COLUMN (B): AMOUNTS REPORTED IN PART I, COLUMN B, REPRESENT THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 10: FISCAL YEAR 2024 REVENUE WAS ELEVATED BY HIGHER NON-RECURRING REAL ESTATE TRANSACTIONS, WHILE FISCAL YEAR 2025 INCLUDED SIGNIFICANTLY FEWER SUCH TRANSACTIONS, LIMITING YEAR-OVER-YEAR COMPARABILITY. FISCAL YEAR 2025 REFLECTS SUBSTANTIAL COMPLETION OF THE CAMPUS MASTER PLAN, INCLUDING MAJOR FACILITIES AND INFRASTRUCTURE PROJECTS AND RELATED CASH OUTLAYS SUPPORTING THE UNIVERSITY'S ACADEMIC MISSION. CAPITAL INITIATIVES ARE FUNDED THROUGH AVAILABLE RESOURCES, INCLUDING INTERNAL FUNDS, IN ALIGNMENT WITH INSTITUTIONAL PRIORITIES AND LONG-TERM FINANCIAL SUSTAINABILITY. FORM 990, PART III, LINE 1 (CONTINUTED): LESLEY IS A PRIVATE UNIVERSITY LOCATED JUST OUTSIDE OF BOSTON IN CAMBRIDGE, MASSACHUSETTS, OFFERING DEGREES AND CERTIFICATES IN EDUCATION, MENTAL HEALTH & WELL-BEING, ART & DESIGN, AND LIBERAL ARTS & BUSINESS. LESLEY ALSO EDUCATES NEURODIVERSE LEARNERS THROUGH ITS INNOVATIVE THRESHOLD PROGRAMS. WE ARE AN INSTITUTION LASER-FOCUSED ON CONNECTING EDUCATION AND EMPLOYMENT, AND PREPARING STUDENTS TO BECOME THE WORLD'S BEST WORKING PROFESSIONALS. WE'RE PROUD TO OFFER HIGHLY EXPERIENTIAL COURSEWORK ACROSS DEGREE PROGRAMS FROM UNDERGRADUATE AND CERTIFICATE THROUGH MASTERS AND PHD PROGRAMS. OUR FACULTY ARE TEACHERS, THINKERS, PRACTITIONERS, AND LEADERS IN THEIR FIELDS, WORKING CLOSELY WITH STUDENTS TO CREATE A SUPPORTIVE AND NURTURING EXPERIENCE BOTH INSIDE AND OUTSIDE THE CLASSROOM. OUR SCHOLAR PARTNER PROGRAM FUELS INTERNSHIPS THAT PROVIDE STUDENTS WITH CRUCIAL REAL-WORLD EXPERIENCE, PROFESSIONAL CONNECTIONS, AND PATHWAYS TO EMPLOYMENT AFTER GRADUATION. STUDENTS GRADUATE FROM LESLEY AS SKILLED, RESILIENT, AND COMPASSIONATE PRACTITIONERS, AND BECOME PART OF A PROFESSIONAL NETWORK THAT PROVIDES A WORLD OF TOOLS AND RESOURCES THAT HELP THEM REACH THEIR PROFESSIONAL GOALS. WHEREVER YOU MIGHT BE ON YOUR CAREER JOURNEY, WE ARE COMMITTED TO SUPPORTING YOU FOR LIFE. LESLEY IS MUCH MORE THAN A UNIVERSITY; WE ARE A HUB OF SUPPORT THAT PREPARES STUDENTS TO BECOME AND REMAIN THE WORLD'S VERY BEST, MOST IMPACTFUL PRACTITIONERS AND WORKING PROFESSIONALS. LINE 4A CONTINUATION: CORE VALUES INQUIRY: LESLEY UNIVERSITY IS DEVOTED TO ACADEMIC EXCELLENCE THROUGH ACTIVE TEACHING, ENGAGED LEARNING, AND INDIVIDUAL STUDENT DEVELOPMENT. WE DESIGN AND DELIVER INNOVATIVE, INTERDISCIPLINARY ACADEMIC PROGRAMS THAT VALUE INSPIRED TEACHERS, CURIOUS LEARNERS, RELEVANT SCHOLARSHIP, AND REAL-LIFE APPLICATION. COMMUNITY: LEARNING IS AN INDIVIDUAL AND COLLECTIVE ENDEAVOR THAT INVOLVES STUDENTS, EDUCATORS, FAMILIES, AND COMMUNITIES. WE BELIEVE IN THE POWER OF COLLABORATION AND ITS IMPACT ON PERSONAL AND SOCIAL DEVELOPMENT. DIVERSITY: OUR COMMUNITY RESPECTS, VALUES, AND BENEFITS FROM THE INDIVIDUAL, DEMOGRAPHIC AND CULTURAL DIFFERENCES OF OUR STUDENTS, FACULTY, AND STAFF. AS AN ACADEMIC COMMUNITY, OUR CREATIVITY, CRITICAL THINKING, AND PROBLEM-SOLVING APPROACHES ARE SHAPED BY THIS DIVERSITY. THROUGH THEIR VARIED LEARNING EXPERIENCES, LESLEY STUDENTS DEVELOP THE TOOLS TO EFFECTIVELY INTERACT WITH DIVERSE POPULATIONS AND STRIVE FOR SOCIAL JUSTICE AND EQUITY. CITIZENSHIP: HIGHER EDUCATIONAL INSTITUTIONS HAVE A RESPONSIBILITY TO PREPARE THEIR GRADUATES TO PARTICIPATE IN THE CULTURAL, POLITICAL AND ECONOMIC LIFE OF THEIR COMMUNITY, NATION AND WORLD. THIS DEMOCRATIC IDEAL IS REFLECTED IN LESLEY'S ACADEMIC ENVIRONMENT THAT ENCOURAGES SCHOLARSHIP, FREEDOM OF EXPRESSION, AND THE OPEN EXCHANGE OF IDEAS. FORM 990, PART VI, SECTION B, LINE 11B ONCE MANAGEMENT REVIEWS THE 990, IT IS FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. IT IS ALSO PLACED ON A SECURE WEBSITE FOR ALL THE TRUSTEES TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EACH MEMBER OF THE BOARD OF TRUSTEES, ALL OFFICERS AND EACH KEY EMPLOYEE IS ASKED TO REVIEW THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND SUBMIT A DISCLOSURE STATEMENT REGARDING ANY CONFLICTS OF INTEREST THEY MAY HAVE. NEW TRUSTEES AND KEY EMPLOYEES ARE ASKED TO REVIEW THE POLICY AND SUBMIT A DISCLOSURE STATEMENT REGARDING ANY CONFLICTS OF INTEREST THEY MAY HAVE UPON COMMENCEMENT OF THEIR TERM OR THEIR EMPLOYMENT. THE ASSISTANT CLERK COLLECTS THE DISCLOSURE STATEMENTS. THE POLICY DESCRIBES A PROCESS FOR THE REVIEW OF POTENTIAL AND ACTUAL CONFLICTS OF INTEREST BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT STEINMAYER'S EMPLOYMENT AGREEMENT AND COMPENSATION WERE REVIEWED AND APPROVED IN ADVANCE BY THE INDEPENDENT MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. IN MAKING ITS DECISION, THE BOARD OF TRUSTEES REVIEWED COMPARABILITY DATA PROVIDED BY A THIRD- PARTY COMPENSATION CONSULTANT AND OTHER THIRD-PARTY DATA. THE BOARD'S DECISION WAS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. OUR FORMS 990 (CURRENT AND PRIOR THREE YEARS) ARE ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND CANDID AT HTTPS://CANDID.ORG. WE ALSO MAKE OUR FORM 990, IRS DETERMINATION LETTER, FORM 990-T, ARTICLES OF ORGANIZATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. OUR AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US. AUDITED FINANCIAL STATEMENTS AND SUMMARY REPORTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AT HTTPS://LESLEY.EDU/ABOUT/ACCREDITATIONS-LICENSURE-STATE-APPROVALS-FINANCIAL- STATEMENTS