2023-05-12T12:49:06-05:00 2022-12-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-06-01 042321292 PINE MANOR COLLEGE PINE 6177317098 400 HEATH STREET CHESTNUT HILL MA 02467 JOHN D BURKE FIN VP & TREASURER, BOSTON COLLEGE 6177317098 2023-05-11 1 JOHN BURKE XXX-XX-XXXX 1 THOMAS F MULDOON CPA P01561688 5083669100 2023-05-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JOHN D BURKE 400 HEATH STREET CHESTNUT HILL MA 02467 358606 0 X WWW.PMC.EDU X 1911 MA THE MISSION OF PINE MANOR COLLEGE IS TO MAKE CERTAIN THAT ALL GRADUATES ARE PREPARED TO TAKE MEANINGFUL STEPS IN THEIR LIVES: ENGAGING IN NEW JOBS AND CAREERS, CONTINUING TO LEARN, AND POSITIVELY CONTRIBUTING TO THEIR COMMUNITIES. STUDENTS, INCLUDING THOSE WHO ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE, WHO ARE LOOKING FOR A PURPOSEFUL EDUCATION IN A PERSONALIZED AND INCLUSIVE LEARNING COMMUNITY, WILL FIND A HOME AT PINE MANOR COLLEGE. X 18 6 92 6 221727 0 1513026 63049 7372707 221727 0 0 329987 73830 9215720 358606 1560412 5000 0 0 4351590 1877844 0 0 31436 6742712 1434091 12654714 3316935 -3438994 -2958329 32930597 0 20171144 0 12759453 0 X THE MISSION OF PINE MANOR COLLEGE IS TO MAKE CERTAIN THAT ALL GRADUATES ARE PREPARED TO TAKE MEANINGFUL STEPS IN THEIR LIVES: ENGAGING IN NEW JOBS AND CAREERS, CONTINUING TO LEARN, AND POSITIVELY CONTRIBUTING TO THEIR COMMUNITIES. STUDENTS, INCLUDING THOSE WHO ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE, WHO ARE LOOKING FOR A PURPOSEFUL EDUCATION IN A PERSONALIZED AND INCLUSIVE LEARNING COMMUNITY, WILL FIND A HOME AT PINE MANOR COLLEGE. 0 1 1546135 5000 73830 THE COLLEGE PROVIDES AN UNDERGRADUATE LIBERAL ARTS EDUCATION AND A GRADUATE DEGREE IN FINE ARTS. TOTAL ENROLLMENT IS 0 STUDENTS. 1546135 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 1 0 0 1 92 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 6 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X JOHN D BURKE 6175523387 140 COMMONWEALTH AVENUE CHESTNUT HILL MA 02467 MICHAEL LOCHHEAD EXECUTIVE COMMITTEE 2.00 40.00 X 0 594509 133465 JOHN BURKE CHAIR 8.00 40.00 X X 0 512591 69449 AKUA SARR ACADEMIC SUCCESS COMMITTEE 2.00 40.00 X 0 234429 119920 DANIEL BOURQUE TRUSTEE 2.00 40.00 X 0 330630 65365 JOY MOORE EXECUTIVE COMMITTEE 2.00 40.00 X 0 299102 46251 MARA HERMANO TRUSTEE 2.00 40.00 X 0 309133 40422 KAREN MUNCASTER EXECUTIVE COMMITTEE 2.00 40.00 X 0 292886 31582 LYNDSAY KING TRUSTEE 2.00 40.00 X 0 251368 68254 PATRICIA BANDO TRUSTEE 2.00 40.00 X 0 261570 41119 PETER MARTIN SECRETARY 3.00 40.00 X X 0 226364 32435 ANTHONY PENNA TRUSTEE 2.00 40.00 X 0 163693 29449 ROBERT UTZSCHNEIDER VICE-CHAIR 8.00 X X 0 0 0 ANDREW EVANS FINANCE COMMITTEE CHAIR 2.00 X 0 0 0 KATRINA SHAW STUDENT SUCCESS COMMITTEE 2.00 X 0 0 0 WILLIAM LEAHY SJ EXECUTIVE COMMITTEE 2.00 40.00 X 0 0 0 MARGARET KRIPPENDORF TRUSTEE 2.00 X 0 0 0 PETER ALCOCK TRUSTEE 2.00 X 0 0 0 DOROTHY KEE TRUSTEE 2.00 X 0 0 0 THOMAS M O'REILLY PRESIDENT 40.00 X 318619 0 24287 JANINE DAILEY FORMER VP ADVANCEMENT 40.00 X 146524 0 21237 MELISSA YOFFE DEAN 40.00 X 135624 0 10222 600767 3476275 733457 3 0 1 0 LASELL COLLEGE 1844 COMMONWEALTH AVENUE NEWTON MA 02466 TECHNOLOGY SERVICES 347900 DTZ INC (C&W FACILITY SERVICES) 275 GROVE STREET SUITE 3-200 AUBURNDALE MA 02466 CLEANING COMPANY 337548 ZONE MECHANICAL INC 160 BEAR HILL ROAD WALTHAM MA 02451 HVAC SERVICES 245402 3 63049 63049 PRESCHOOL 624410 221727 221727 221727 OTHER 611710 73830 73830 73830 358606 73830 221727 0 5000 5000 206246 206246 1368336 433544 933468 1324 24110 15617 8445 48 161790 103995 57477 318 117362 70790 46355 217 21823 21823 298414 77506 220027 881 81207 20874 56284 4049 874972 785724 79355 9893 18468 18468 39251 39251 TELEPHONE 59155 1127 58016 12 MISCELLANEOUS 20763 8411 12350 2 OUTSIDE EVENTS 14659 14659 VEHICLE 2939 2639 267 33 2440 2440 3316935 1546135 1739364 31436 755913 0 0 0 32051 0 0 0 0 0 16461 0 0 19176674 0 0 12949498 0 0 0 0 32930597 0 2349164 4918 17817062 0 20171144 0 X -791460 0 13550913 0 12759453 0 32930597 0 X -2958329 -9801124 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13109935 13109935 13885074 -775139 13109935 10211985 5287 3740627 72825 13885074 10728676 150445 188702 855838 10211985 10677627 40306 662743 652000 10728676 0 0 0 358606 0 358606 0 358606 3316935 0 3316935 0 3316935 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS REPRESENT AMOUNTS RECEIVED FROM DONORS WITH STIPULATION THAT THE PRINCIPAL WILL BE HELD IN PERPETUITY AND ONLY THE INVESTMENT INCOME CAN BE SPENT. ENDOWMENT NET ASSETS WERE TRANSFERRED TO BOSTON COLLEGE AS PART OF THE MERGER EFFECTIVE DECEMBER 30, 2022. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF PINE MANOR COLLEGE'S NONDISCRIMINATORY POLICY REGARDING STUDENTS IS CONTAINED IN THE COLLEGE'S CATALOGS, BROCHURES, ETC., WHICH ARE AVAILABLE UPON REQUEST. 1 0 0 0 0 0 0 0 0 MICHAEL LOCHHEAD EXECUTIVE COMMITTEE 0 488499 0 0 0 106010 0 24400 0 109065 0 727974 0 0 JOHN BURKE CHAIR 0 407229 0 0 0 105362 0 30500 0 38949 0 582040 0 0 DANIEL BOURQUE TRUSTEE 0 311452 0 0 0 19178 0 30500 0 34865 0 395995 0 0 AKUA SARR ACADEMIC SUCCESS COMMITTEE 0 233051 0 0 0 1378 0 21106 0 98814 0 354349 0 0 MARA HERMANO TRUSTEE 0 263882 0 0 0 45251 0 21398 0 19024 0 349555 0 0 JOY MOORE EXECUTIVE COMMITTEE 0 262013 0 0 0 37089 0 28491 0 17760 0 345353 0 0 THOMAS M O'REILLY PRESIDENT 318619 0 0 0 0 0 3050 0 21237 0 342906 0 0 0 KAREN MUNCASTER EXECUTIVE COMMITTEE 0 267080 0 0 0 25806 0 23148 0 8434 0 324468 0 0 LYNDSAY KING TRUSTEE 0 250832 0 0 0 536 0 25859 0 42395 0 319622 0 0 PATRICIA BANDO TRUSTEE 0 236639 0 0 0 24931 0 26108 0 15011 0 302689 0 0 PETER MARTIN SECRETARY 0 225264 0 0 0 1100 0 17938 0 14497 0 258799 0 0 ANTHONY PENNA TRUSTEE 0 160860 0 0 0 2833 0 15769 0 13680 0 193142 0 0 JANINE DAILEY FORMER VP ADVANCEMENT 146524 0 0 0 0 0 0 0 21237 0 167761 0 0 0 PART I, LINE 4A THE TOTAL COMPENSATION OF $146,524 FOR JANINE DAILEY, FORMER VICE PRESIDENT OF ADVANCEMENT, INCLUDES $77,000 OF SEVERANCE PAYMENTS. CASH 2022-12-30 9436 CASH VALUE 042103545 TRUSTEES OF BOSTON COLLEGE 140 COMMONWEALTH AVENUE CHESTNUT HILL MA 02467 501(C)3 OTHER ACCOUNTS RECEIVABLE 2022-12-30 2791 INVOICE AMOUNT 042103545 TRUSTEES OF BOSTON COLLEGE 140 COMMONWEALTH AVENUE CHESTNUT HILL MA 02467 501(C)3 INVESTMENTS 2022-12-30 13109934 FMV 042103545 TRUSTEES OF BOSTON COLLEGE 140 COMMONWEALTH AVENUE CHESTNUT HILL MA 02467 501(C)3 PROPERTY & EQUIPMENT, NET 2022-12-30 18591153 BOOK VALUE 042103545 TRUSTEES OF BOSTON COLLEGE 140 COMMONWEALTH AVENUE CHESTNUT HILL MA 02467 501(C)3 0 0 0 1 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: THOMAS O'REILLY, PRESIDENT PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: ENTERED INTO A SALARY CONTINUATION AGREEMENT AND GENERAL RELEASE. THIS AGREEMENT PROVIDES FOR THE CONTINUATION OF REGULAR ANNUAL SALARY LESS REQUIRED TAX WITHHOLDINGS AND THE EMPLOYER SHARE OF BENEFIT COSTS FOR THE NEXT YEAR THROUGH TO DECEMBER 31, 2023. FORM 990, PART III, LINE 3 EFFECTIVE JUNE 30, 2020, THE COLLEGE ENTERED INTO AN INTEGRATION AGREEMENT WITH BOSTON COLLEGE (BC). UNDER THE TERMS OF THE AGREEMENT, TWO-THIRDS OF THE COLLEGE'S BOARD OF TRUSTEES IS APPOINTED BY BC. STUDENTS OF THE COLLEGE WILL REMAIN AT THE SCHOOL IN A TEACH OUT AGREEMENT FOR AN INITIAL PERIOD UP TO TWO YEARS. COSTS OF THE TEACH OUT PERIOD WILL BE SUBSIDIZED BY BC. IN ADDITION, THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH BC EFFECTIVE JULY 1, 2020, FOR DORMITORY SPACE AT A PREDETERMINED RATE PER AVAILABLE DORMITORY BED DURING THE INITIAL PERIOD. THE COLLEGE INTEGRATION WAS COMPLETED ON DECEMBER 30, 2022, AT WHICH TIME THE COLLEGE PERMANENTLY CLOSED AND CEASED ALL OPERATIONS. FORM 990, PART VI, SECTION A, LINE 2 CERTAIN TRUSTEES OF PINE MANOR COLLEGE ARE OFFICERS OR EMPLOYEES OF BOSTON COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A EFFECTIVE JUNE 30, 2020 AS OF 11:59 PM, THE COLLEGE ENTERED INTO AN INTEGRATION AGREEMENT WITH BOSTON COLLEGE. UNDER THE TERMS OF THE AGREEMENT, TWO-THIRDS OF THE COLLEGE'S BOARD OF TRUSTEES WILL BE APPOINTED BY BOSTON COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAS BEEN DISBANDED AS OF 12/30/2022. THE TAX RETURNS ARE BEING REVIEWED AND APPROVED BY BOSTON COLLEGE MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS AN ESTABLISHED CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF INDIVIDUAL, FAMILY OR A RELATED ENTITY WHICH ARE ADVERSE TO THE COLLEGE; THE PARTY IS IN A POSITION TO INFLUENCE A DECISION BENEFITING THE PARTY; DIRECT OR INDIRECT INVESTMENT INTEREST WHICH MAY IMPAIR INDEPENDENCE OR FINANCIAL INTEREST WHICH COULD BENEFIT BY A DECISION OR OPERATIONS OF THE COLLEGE. THERE IS A POLICY WHICH IS DISTRIBUTED TO OFFICERS, TRUSTEES AND KEY EMPLOYEES WHICH REQUIRES IT BEING SIGNED AND RETURNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION, WHEN REQUESTED. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIFORM GUIDANCE WEB SITE AND TAX RETURNS ARE AVAILABLE ON GUIDESTAR. FORM 990, PART XI, LINE 9: TRANSFER TO BOSTON COLLEGE DUE TO MERGER ON DECEMBER 30, 2022 -9,801,124. TRUSTEES OF BOSTON COLLEGE 140 COMMONWEALTH AVENUE CHESTNUT HILL MA 02467 042103545 HIGHER EDUCATION MA 501(C)(3) LINE 2 N/A 0 BOSTON COLLEGE IRELAND LIMITED 43 ST STEPHENS GREEN DUBLIN EI EDUCATION EI 501(C)(3) N/A 0 HYPERPLANE OPPORTUNITIES I LP 137 NEWBURY STREET 8TH FLOOR BOSTON MA 02116 INVESTMENTS MA BOSTON COLLEGE EXCLUDED 0 0 CHARITABLE REMAINDER TRUSTS (19) SUPPORT MA N/A T 0 CHARITABLE REMAINDER TRUSTS (1) SUPPORT PA N/A T 0 OTHER TRUSTS (4) SUPPORT MA N/A T 0 POOLED LIFE INCOME FUND (1) SUPPORT MA N/A T 0 CLOUGH OFFSHORE FUND LTD CRICKET SQ HUTCHINS DR BOX 2581 G CJ INVESTMENT CJ BOSTON COLLEGE C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 BOSTON COLLEGE S 9801124 NBV