2024-05-06T14:58:40-04:00 2023-06-30 814987490 DOUCETTE & DOUCETTE CPAS LLC 31 HAYWARD ST STE 2F FRANKLIN MA 02038 990 2022-07-01 043427564 THE BOSTON CONSORTIUM FOR HIGHER EDUCATION INC BOST 3392253820 130 RUMFORD AVENUESUITE 213 AUBURNDALE MA 02466 KATHERINE KENNEDY EXECUTIVE DIRECTOR 3392253820 2024-05-06 true KATHERINE KENNEDY 999009999 false DENISE M SMITH CPA P01476230 5083393078 2024-05-06 2022 2023-04-26 12:10:37Z KATHERINE KENNEDY 130 RUMFORD AVENUE SUITE 213 AUBURNDALE MA 02466 2823432 false X WWW.BOSTON-CONSORTIUM.ORG X 1998 MA IMPROVING THE PROFESSIONAL SKILLS OF COLLEGE OPERATIONAL ADMINISTATORS AND ACT AS A VEHICLE FOR COLLABORATIVE EFFORTS AT REDUCING OPERATIONAL COSTS. 20 20 11 20 0 665016 1355000 1246837 1457201 1980 11231 0 1913833 2823432 0 0 1465925 1572033 0 0 369451 1366824 1835376 2938857 78457 -115425 2694199 2119448 958089 498763 1736110 1620685 X THE BOSTON CONSORTIUM FOR HIGHER EDUCATION EMPOWERS ITS MEMBER INSTITUTIONS TO THRIVE IN A DYNAMIC AND CHALLENGING ENVIRONMENT. THROUGH INNOVATIVE PROGRAMS, INITIATIVES, AND THOUGHT LEADERSHIP, TBC ENABLES MEMBERS TO IMPROVE THEIR FINANCIAL AND OPERATIONAL PERFORMANCE AS WELL AS THE QUALITY OF THEIR OFFERINGS. false false 1326150 1292201 THE BOSTON CONSORTIUM FOR HIGHER EDUCATIONS PROGRAMMING IS FOCUSED ON SERVICING THEIR MEMBERS WITH THE COMMUNITY OF PRACTICE AND THE SHARE SERVICE PROGRAMS. THE BOSTON CONSORITUM FOR HIGHER EDUCATION'S COMMUNITIES OF PRACTICE SERVE AS FORUMS FOR DISCUSSION, SUPPORT, INFORMATION SHARING, AND PROBLEM SOLVING AMONG PEERS. THE COMMUNITIES GATHER IN-PERSON, CONDUCT VIDEO MEETINGS, AND CONNECT VIA TBCS LISTSERVS. THROUGH THE MEETINGS AND LISTSERVS, MEMBERS SHARE BEST PRACTICES, BRAINSTORM IDEAS FOR NEW SHARED SERVICES AND CONTRACTS FOR COST SAVINGS, AND DEEPEN THEIR COLLEGIAL RELATIONSHIPS THROUGH COLLABORATION. THE BOSTON CONSORTIUM FOR HIGHER EDUCATION MANAGES SHARED SERVICE PROGRAMS DESIGNED TO HELP MEMBERS REALIZE ADDITIONAL VALUE, COLLABORATE, AND ACHIEVE ADMINISTRATIVE EXCELLENCE. SHARED SERVICES INCLUDE INTERNAL AUDIT SERVICES, RISK MANAGEMENT SERVICES, AND THE ACADEMIC AND HEALTHCARE TRAVEL PROGRAM WHICH OFFERS DISCOUNTS FOR DOMESTIC AND INTERNATIONAL TRAVEL. 842043 165000 DURING THE YEAR THE CONSORTIUM RECEIVED GRANTS AND FUNDING FROM PARTICIPATING INSTITUTIONS TO CREATE AN INSURANCE CAPTIVE TO SUPPORT THE OBJECTIVES OF THE MEMBER INSTITUTIONS. THE PRIMARY OBJECTIVES OF THIS CAPTIVE WERE LONG-TERM COST SAVINGS, MORE PREDICTABLE COSTS THAT WERE LESS SUBJECT TO COMMERCIAL MARKET VOLATILITY AND TO PROVIDE INCREASED CONTROL OF COVERAGE AND CAPACITY. 2168193 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 true 11 true false false false false false false false false false false false false false false X 20 20 false false false false true true true true true false false false true true true true true true false false MA X X KATHERINE KENNEDY 3392253820 130 RUMFORD AVENUE SUITE 213 AUBURNDALE MA 02466 KATHERINE KENNEDY EXECUTIVE DI 40.00 X X 256065 0 35131 SAMANTHA SPEZESKI DIRECTOR OF 40.00 X 194458 0 20089 SUSAN FLETCHER DIRECTOR OF 40.00 X 171018 0 17675 JESSICA SMITH DIRECTOR OF 40.00 X 115759 0 20957 JOHN BURKE SECRETARY 0.50 X X 0 0 0 JOHN CASE DIRECTOR 7/2 0.50 X 0 0 0 KATHERINE CRAVEN DIRECTOR 0.50 X 0 0 0 PAUL DWORKIS DIRECTOR 0.50 X 0 0 0 THOMAS DWYER DIRECTOR THR 0.50 X 0 0 0 STEFANO FALCONI DIRECTOR THR 0.50 X 0 0 0 MAUREEN FORRESTER DIRECTOR 0.50 X 0 0 0 DONNA GOLEMME DIRECTOR 0.50 X 0 0 0 KATIE HAMMER DIRECTOR 0.50 X 0 0 0 DOROTHY HAUVER VICE CHAIR 0.50 X X 0 0 0 THOMAS HOLLISTER DIRECTOR THR 0.50 X 0 0 0 JAMES HURLEY TREASURER 0.50 X X 0 0 0 RITU KALRA DIRECTOR 7/2 0.50 X 0 0 0 ANDREW MAYLOR DIRECTOR 1/2 0.50 X 0 0 0 JIM MCGILL DIRECTOR THR 0.50 X 0 0 0 THOMAS NEDELL DIRECTOR 0.50 X 0 0 0 GARY NICKSA DIRECTOR THR 0.50 X 0 0 0 PIPER ORTON DIRECTOR 0.50 X 0 0 0 DEREK PINTO DIRECTOR THR 0.50 X 0 0 0 MICHELLE QUINLAN DIRECTOR 7/2 0.50 X 0 0 0 DAVID ROSATI DIRECTOR 7/2 0.50 X 0 0 0 LAURA SANDER TREASURER TH 0.50 X X 0 0 0 SAMUEL SOLOMON CHAIR 0.50 X X 0 0 0 ROGER STACKPOOLE DIRECTOR 0.50 X 0 0 0 MICHAEL THOMAS DIRECTOR 3/2 0.50 X 0 0 0 NICOLE TIRELLA DIRECTOR 1/2 0.50 X 0 0 0 MICHAEL WHITE OFFICER AT L 0.50 X X 0 0 0 737300 93852 4 false true false SPRING CONSULTING GROUP LLC CONSULTING 360000 1 620000 735000 1355000 SHARED INTERNAL AUDIT 810300 810300 SHARED RISK MANAGEMENT 310000 310000 OTHER 171901 171901 INSURANCE CAPTIVE 165000 165000 1457201 11231 11231 2823432 1457201 11231 X 637090 366876 270214 658039 466234 191805 126733 82376 44357 65258 65258 84913 55193 29720 151022 147897 3125 868261 820050 48211 11056 4059 6997 60283 46107 14176 76140 47413 28727 14471 9736 4735 35896 32221 3675 6736 6736 33538 3443 30095 FINANCIAL SERVICES 62590 62590 WEBSITE COSTS 21692 16370 5322 BANK AND PAYROLL FEES 13661 13661 TELEPHONE 11187 4861 6326 291 99 192 2938857 2168193 770664 0 23 23 2396856 1852319 2500 14200 65403 92163 80813 71606 15943 9207 213474 151536 2694199 2119448 142782 219190 588803 116142 226504 163431 958089 498763 X 1736110 1620685 1736110 1620685 2694199 2119448 X -115425 X false true X true X 967895 1246195 2001863 665016 1355000 6235969 967895 1246195 2001863 665016 1355000 6235969 6235969 2084 7990 2997 1980 11231 26282 6262251 6938245 0.99580 0.99670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80813 71606 9207 9207 RIGHT-OF-USE ASSET - OPERATING LEASE 151536 151536 OPERATING LEASE OBLIGATION 163431 163431 X 2895732 72300 72300 2823432 2823432 3011157 72300 72300 2938857 2938857 SCHEDULE D, PAGE 3, PART X THE CONSORTIUM ACCOUNTS FOR THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHHOLD 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 CONSORTIUM HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE CONSORTIUM HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN ANY UNCERTAINTY REQUIRING RECOGNITION. THE CONSORTIUM IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE CONSORTIUM'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D MANAGEMENT FEE 72,300 SCHEDULE D, PAGE 4, PART XII, LINE 2D SHARED ADMINISTRATIVE EXPENSES 72,300 X X false false false false false false false false false KATHERINE KENNEDY EXECUTIVE DIRECTOR 256065 26164 8967 291196 SAMANTHA SPEZESKI DIRECTOR OF IA 194458 19420 669 214547 SUSAN FLETCHER DIRECTOR OF RISK 171018 17068 607 188693 FORM 990 - ORGANIZATION'S MISSION THE BOSTON CONSORTIUM FOR HIGHER EDUCATION EMPOWERS ITS MEMBER INSTITUTIONS TO THRIVE IN A DYNAMIC AND CHALLENGING ENVIRONMENT. THROUGH INNOVATIVE PROGRAMS, INITIATIVES, AND THOUGHT LEADERSHIP, TBC ENABLES MEMBERS TO IMPROVE THEIR FINANCIAL AND OPERATIONAL PERFORMANCE AS WELL AS THE QUALITY OF THEIR OFFERINGS. FORM 990, PAGE 2, PART III, LINE 4A THE BOSTON CONSORTIUM FOR HIGHER EDUCATIONS PROGRAMMING IS FOCUSED ON SERVICING THEIR MEMBERS WITH THE COMMUNITY OF PRACTICE AND THE SHARE SERVICE PROGRAMS. THE BOSTON CONSORITUM FOR HIGHER EDUCATION'S COMMUNITIES OF PRACTICE SERVE AS FORUMS FOR DISCUSSION, SUPPORT, INFORMATION SHARING, AND PROBLEM SOLVING AMONG PEERS. THE COMMUNITIES GATHER IN-PERSON, CONDUCT VIDEO MEETINGS, AND CONNECT VIA TBCS LISTSERVS. THROUGH THE MEETINGS AND LISTSERVS, MEMBERS SHARE BEST PRACTICES, BRAINSTORM IDEAS FOR NEW SHARED SERVICES AND CONTRACTS FOR COST SAVINGS, AND DEEPEN THEIR COLLEGIAL RELATIONSHIPS THROUGH COLLABORATION. THE BOSTON CONSORTIUM FOR HIGHER EDUCATION MANAGES SHARED SERVICE PROGRAMS DESIGNED TO HELP MEMBERS REALIZE ADDITIONAL VALUE, COLLABORATE, AND ACHIEVE ADMINISTRATIVE EXCELLENCE. SHARED SERVICES INCLUDE INTERNAL AUDIT SERVICES, RISK MANAGEMENT SERVICES, AND THE ACADEMIC AND HEALTHCARE TRAVEL PROGRAM WHICH OFFERS DISCOUNTS FOR DOMESTIC AND INTERNATIONAL TRAVEL. FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE BOSTON CONSORTIUM ARE THE SCHOOLS. SENIOR ADMINISTRATORS ARE ASSIGNED BY EACH SCHOOL AND, AS THIS ORGANIZATION WAS BEGUN BY CFO'S, THE SCHOOLS' CFOS STILL CONSTITUTE THE BOARD OF DIRECTORS. AS THE CONSORTIUM WORK IS FOCUSED ON IMPROVING NON-ACADEMIC OPERATIONS, BOARD MEMBERS ARE SENIOR ADMINISTRATORS FROM EACH SCHOOL. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS HOLD THEIR BOARD POSITION AS LONG AS THE SCHOOL REMAINS A MEMBER OR UNTIL THE SCHOOL CHANGES ITS REPRESENTATIVE. OFFICERS OF THE BOARD (CHARIMAN, VICE CHAIR, TREASURER, CLERK, AND AT LARGE) HOLD THREE YEAR TERMS,HISTORICALLY AS A "SLATE OF FIVE" ELECTED BY A MAJORITY OF THE FULL BOARD. THE EXECUTIVE DIRECTOR IS AN OFFICER, BUT SERVES AT THE WISHES OF THE BOARD. NEW MEMBER SCHOOLS ARE ELECTED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B BOARD MEMBERS REPRESENT THEIR SCHOOLS WHO ARE THE HOLDERS OF THE SEAT ON THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PRESENTED TO THE EXECUTIVE DIRECTOR AND TREASURER FOR APPROVAL BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL DISCLOSURE STATEMENTS ARE SUBMITTED TO THE BOARD AND EMPLOYEES ARE REVIEWED BY THE EXECUTIVE DIRECTOR. IF A POTENTIAL CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD REACHES TO A LEGAL CONSULTANT IN ORDER TO DETERMINE THE PROPER COURSE OF ACTION. FORM 990, PAGE 6, PART VI, LINE 15A OFFICERS OF THE BOARD INCLUDING THE CHAIRMAN REQUEST COMPARABILITY DATA FROM COMPARABLE ORGANIZATIONS. IN ALL CASES COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS. THE OFFICERS OF THE BOARD COMPRISE A COMPENSATION COMMITTEE WHICH DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR AND THE FULL BOARD REVIEWS THE DECISION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING 820,050 48,211 0 FORM 990, PART XI, LINE 9 MANAGEMENT FEE 72,300 SHARED ADMINISTRATIVE EXPENSES -72,300