2025-05-14T18:41:57-05:00 2024-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2023-07-01 042105769 EMMANUEL COLLEGE EMMA 6177359822 400 THE FENWAY BOSTON MA 02115 SISTER ANNE MARY DONOVAN SND TREASURER 6177359822 2025-05-14 1 0 KRISTIN ANDERSON P01231300 6179881000 2025-05-14 2023 2025-03-06 01:10:19Z DR MARY K BOYD 400 THE FENWAY BOSTON MA 02115 173472909 0 0928 X WWW.EMMANUEL.EDU X 1919 MA EMMANUEL COLLEGE IS A COED, RESIDENTIAL CATHOLIC LIBERAL ARTS AND SCIENCES COLLEGE WITH OVER 2,082 UNDERGRADUATE AND GRADUATE STUDENTS. 24 22 1525 15 0 0 7073754 4921536 104212890 109581644 4176189 14183061 5417177 5472570 120880010 134158811 48976810 52150880 0 0 39394065 41699632 205698 403368 1391527 41803760 41084284 130380333 135338164 -9500323 -1179353 440526131 440133732 285270471 279294499 155255660 160839233 X TO EDUCATE STUDENTS IN A DYNAMIC LEARNING COMMUNITY ROOTED IN THE LIBERAL ARTS AND SCIENCES AND SHAPED BY STRONG ETHICAL VALUES, A COMMITMENT TO SOCIAL JUSTICE AND SERVICE, THE CATHOLIC INTELLECTUAL TRADITION AND THE GLOBAL MISSION OF THE SISTERS OF NOTRE DAME DE NAMUR. 0 0 76776456 52150880 83365628 INSTRUCTIONAL EXPENSES FOR OVER 2,082 STUDENTS INCLUDING SCHOLARSHIPS, FULL-TIME AND PART-TIME FACULTY SALARIES AND BENEFITS, LAB SUPPLIES, EDUCATIONAL REFERENCE MATERIALS, SPEAKERS AND STUDENT EMPLOYMENT. 22772728 ACADEMIC SUPPORT AND STUDENT SERVICES FOR OVER 2,082 STUDENTS INCLUDING EXPENSES FOR ACADEMIC ADVISING, ACADEMIC RESOURCE CENTER, DISABILITY SERVICES, INTERNSHIPS AND CAREER SERVICES, STUDENT ACTIVITIES, STUDENT CLUBS, COUNSELING, HEALTH SERVICES, CAMPUS MINISTRY, ATHLETICS AND OPERATION OF THE COLLEGE'S LIBRARY CONTAINING OVER 497,360 TITLES IN THE ELECTRONIC, CIRCULATING AND REFERENCE COLLECTIONS; MORE THAN 148,164 ACTIVE JOURNAL SUBSCRIPTIONS IN PRINTING AND 61,254 PRINT VOLUMES. 13342029 26652860 DURING THE FALL SEMESTER, APPROXIMATELY 1,463 STUDENTS RESIDED ON-CAMPUS. DURING THE SPRING SEMESTER, APPROXIMATELY 1,375 STUDENTS RESIDED ON-CAMPUS. 112891213 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 138 0 1 1525 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X SISTER ANNE M DONOVAN SND 6177359822 400 THE FENWAY BOSTON MA 021155725 BETH ROSS EDD PRESIDENT(AS OF 8/23) 40.00 X X 251018 0 40544 MARY KATHLEEN BOYD PRESIDENT(THRU 7/23) 40.00 X X 441105 0 42225 SISTER ANNE MARY DONOVAN SND TREASURER 40.00 X X 0 0 14309 MARGARET L MCKENNA CHAIR 2.00 X X 0 0 0 THOMAS J HYNES JR VICE CHAIR 2.00 X X 0 0 0 CHRISTOPHER BORGES TRUSTEE 1.00 X 0 0 0 JOHN F BURKE TRUSTEE 1.00 X 0 0 0 TRACY CAMPION TRUSTEE(AS OF 1/24) 1.00 X 0 0 0 JACK CONNORS JR TRUSTEE(THRU 9/23) 1.00 X 0 0 0 SISTER MARIA DELANEY SND TRUSTEE 1.00 X 0 0 0 SISTER MARY M FARREN SND TRUSTEE 1.00 X 0 0 0 SISTER KATHLEEN GALLIVAN SND TRUSTEE 1.00 X 0 0 0 THERESA HARRISON TRUSTEE 1.00 X 0 0 0 MARY HERLIHY-GEARAN TRUSTEE 1.00 X 0 0 0 ROBERT HIGGINS TRUSTEE(THRU 4/24) 1.00 X 0 0 0 DR SHEILAH SHAW HORTON TRUSTEE 1.00 X 0 0 0 WILLIAM F KENNEDY JR TRUSTEE 1.00 X 0 0 0 DR NANCY KLENIEWSKI TRUSTEE 1.00 X 0 0 0 JOHN H MACKINNON TRUSTEE(THRU 8/23) 1.00 X 0 0 0 LESLIE F MCCAFFERTY TRUSTEE 1.00 X 0 0 0 KEITH METTERS TRUSTEE 1.00 X 0 0 0 ROBERT F MUSE TRUSTEE(THRU 9/23) 1.00 X 0 0 0 NIMIT NATHWANI TRUSTEE(AS OF 9/24) 1.00 X 0 0 0 MARGARET NORTON TRUSTEE(AS OF 9/24) 1.00 X 0 0 0 ALEXANDRA OLIVER-DAVILA TRUSTEE 1.00 X 0 0 0 M ANDREA RYAN TRUSTEE 1.00 X 0 0 0 MARIAN RYAN TRUSTEE 1.00 X 0 0 0 RICHARD SYRON TRUSTEE 1.00 X 0 0 0 F PATRICIA TOBIN TRUSTEE 1.00 X 0 0 0 PATRICIA TOWER ASTRE (-3/23), VP FIN+ADM/CFO(8/23-) 40.00 X 342722 0 30067 JOSEF KURTZ VP OF ACADEMIC AFFAIRS 40.00 X 242625 0 35608 SANDRA ROBBINS DEAN OF ENROLLMENT 40.00 X 210017 0 32104 BRIAN DENNING VP OF ADVANCEMENT 40.00 X 223532 0 38685 JENNIFER PORTER ASSOC. VP FOR STUD FIN SERVICES 40.00 X 213669 0 19594 SEAN PHILPOTT VP OF INFO RESOURCES 40.00 X 202087 0 34390 2126775 0 287526 76 0 1 0 HARVARD MAINTENANCE LLC 59 MAIDEN LANE NEW YORK NY 10038 CLEANING SERVICES 1685934 BOSTON AIR CORP 1595 CENTRAL ST STE 4 STOUGHTON MA 02072 HVAC SERVICES 1153529 PUTNAM INVESTMENTS 100 FEDERAL STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 727901 INTERSTATE RENTAL 384 AMORY ST BOSTON MA 02130 EVENT SERVICES 399417 WS AIKEN LLC 224 CRESCENT AVE STE 1 CHELSEA MA 02150 ROOFING SERVICES 361812 20 1675264 3246272 45610 4921536 TUITION AND FEES 611710 83365628 83365628 AUXILIARY OPERATIONS 611710 24539747 24539747 SUMMER PROGRAMS 611710 1676269 1676269 109581644 4653653 4653653 5553548 1469595 4083953 4083953 4083953 47373911 37844503 9529408 9529408 9529408 STAFF & STUDENT PARKING 900099 403619 403619 VENDING COMMISSIONS 900099 228927 228927 FEES FOR ALUMNI EVENTS 900099 48100 48100 707971 388744 319227 1388617 134158811 110018488 0 19218787 246641 246641 51904239 51904239 27437 27437 32612081 24834827 7163220 614034 2161116 1644355 476105 40656 4707944 3825397 787965 94582 2191054 1667134 482701 41219 218930 218930 168881 168881 403368 403368 727901 727901 1431279 357852 1073427 284085 42299 241461 325 2266000 1441253 775753 48994 1565441 1319525 245916 3727997 3530838 197159 433965 388489 12722 32754 81142 54789 24259 2094 7132521 7132521 8890926 8890926 885104 860796 24308 CATERING & FOOD COSTS 7261302 7142873 87983 30446 MAINTENANCE & REPAIRS 3453076 3383145 47126 22805 PROGRAMS 1070553 549487 504410 16656 DUES AND SUBSCRIPTIONS 540641 201659 313720 25262 944540 604689 321519 18332 135338164 112891213 21055424 1391527 3440476 4146758 1989946 872329 299052 729763 2583461 1626799 384996796 126261597 264346981 258735199 166862151 173207388 1004064 815496 440526131 440133732 8137728 7881350 91187314 90247852 148914258 148191134 37031171 32974163 285270471 279294499 X 102130668 103651227 53124992 57188006 155255660 160839233 440526131 440133732 -1179353 6762926 0 X 0 1 X 1 1 1 X 11463056 9088352 11546431 7073754 4921536 44093129 11463056 9088352 11546431 7073754 4921536 44093129 5490531 38602598 8271012 7978551 8739540 9609999 10207201 44806303 1073005 385377 1212690 1429422 1388617 5489111 94388543 475510341 0.40900 0.43910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STAFF STUDENT PARKING - 2019 AMOUNT: $ 225,007. 2020 AMOUNT: $ 7,479. 2021 AMOUNT: $ 339,423. 2022 AMOUNT: $ 377,674. 2023 AMOUNT: $ 403,619. VENDING COMMISSIONS - 2019 AMOUNT: $ 112,247. 2020 AMOUNT: $ 64,298. 2021 AMOUNT: $ 91,877. 2022 AMOUNT: $ 74,321. 2023 AMOUNT: $ 228,927. FEES FOR ALUMNI EVENTS - 2019 AMOUNT: $ 21,231. 2021 AMOUNT: $ 74,314. 2022 AMOUNT: $ 63,655. 2023 AMOUNT: $ 48,100. ALL OTHER REVENUE - 2019 AMOUNT: $ 714,520. 2020 AMOUNT: $ 313,600. 2021 AMOUNT: $ 707,076. 2022 AMOUNT: $ 913,772. 2023 AMOUNT: $ 707,971. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO A MEMBERSHIP ORGANIZATION WHICH MAY PARTICIPATE IN ACTIVITIES TO INFLUENCE LEGISLATION. 129658 X 0 166862151 578907 20945987 1738945 12712810 727902 173207388 160956937 1868967 14998899 1518079 8764075 680498 166862151 187652794 1981898 -18368922 2207049 7341005 760779 160956937 159077403 1340493 39051848 1163601 9975000 678349 187652794 151724650 5307813 9739931 1295747 5797544 601700 159077403 0.70980 0.18470 0.10550 0 0 14136633 14136633 341040129 106125941 234914188 9315695 6185598 3130097 20504339 13950058 6554281 258735199 ANNUITIES PAYABLE 125271 ADVANCES FROM DEPARTMENT OF EDUCATION 1623892 TAXABLE BOND LIABILITIES 31225000 32974163 X 141663431 6762926 1469595 8232521 133430910 727901 727901 134158811 136079859 1469596 1469596 134610263 727901 727901 135338164 PART III, LINE 4: THE COLLEGE'S ART COLLECTION IS ON PUBLIC EXHIBITION IN HALLWAYS AND LOBBIES. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 123 DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. SPENDING FROM ENDOWMENTS IS DONOR RESTRICTED TO VARIOUS PURPOSES SUCH AS PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS AND TO FUND PROFESSORSHIPS. THE SPENDING POLICY UTILIZES AN ANNUAL DISTRIBUTION PERCENTAGE APPROVED BY THE BOARD OF TRUSTEES AND IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE ENDOWMENT'S REAL VALUE. PART X, LINE 2: THE COLLEGE GENERALLY IS NOT SUBJECT TO INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE MORE-LIKELY THAN-NOT THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS, DEFINED BY THE STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE COLLEGE INCLUDE FEDERAL AND THE COMMONWEALTH OF MASSACHUSETTS. AS OF JUNE 30, 2024, OPEN FEDERAL AND MASSACHUSETTS TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2020, THROUGH JUNE 30, 2023. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,469,595. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,469,596. PART V, LINE 2 THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2024 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TERM ENDOWMENT, RESPECTIVELY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A LINK TO THE COLLEGE'S RACIAL NONDISCRIMINATORY POLICY IS PUBLISHED ON THE COLLEGE'S WEBSITE. THE COLLEGE HAS ALSO PUBLICIZED IT'S NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER THE BOSTON GLOBE. ADDITIONALLY, THE POLICY IS INCLUDED IN ALL STUDENT ENROLLMENT MATERIALS. THE COLLEGE HAS DEMONSTRATED THAT IT FOLLOWS ITS NONDISCRIMINATION POLICY BY CONTINUOUSLY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AND ACCORDINGLY, THE COLLEGE MEETS THE REQUIREMENTS OF REV. PROC. 75-50 (SEE SECTION 4.03(2)(B)). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION - TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS. NORTH AMERICA INVESTMENTS 3099408 EAST ASIA AND THE PACIFIC INVESTMENTS 4284722 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 13217776 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 666664 EAST ASIA AND THE PACIFIC TRAVEL INSURANCE CANADA PROGRAM SERVICES TRAVEL INSURANCE 1338 0 0 0 0 0 0 21269908 0 21269908 0 0 0 0 0 0 X X X X X 1 MCALLISTER & QUINN LLC 1625 EYE STREET NW SUITE 750 WASHINGTON DC 20006 GRANT PROPOSAL PREPARATION 0 0 122535 -122535 MJH GRANT CONSULTING 505 WALTHAM STREET 6 WEST NEWTON MA 02465 GRANT PROPOSAL PREPARATION 0 0 18750 -18750 FRONTRAISER LLC ATTN KERRY ANDERSON 10 WINDING RO BEDFORD NH 03110 INTERIM CONSULTANT FOR VACANT POSITION 0 0 61500 -61500 CHANGING OUR WORLD INC 1285 AVENUE OF THE AMERICAS NEW YORK NY 10019 CONSULTING 0 0 200583 -200583 403368 -403368 1 CITY OF BOSTON PO BOX 9715 BOSTON MA 02114 GOV ENTITY 170000 0 PILOT CATHOLIC SCHOOLS FOUNDATION 6TH FLOOR 67 BATTERYMARCH STREET BOSTON MA 02110 222485502 501(C)(3) 25000 0 DONATION CAMP HARBOR VIEW FOUNDATION INC 60TH FLOOR 200 CLARENDON STREET BOSTON MA 02111 753235491 501(C)(3) 15000 0 DONATION 3 EMMANUEL FINANCIAL AID 1920 51042012 SEOG GRANTS 219 290827 GILBERT GRANTS 254 571400 PART I, LINE 2: ALL GRANTS OR OTHER ASSISTANCE TO DOMESTIC ORGANIZATIONS OR DOMESTIC GOVERNMENTS ARE AUTHORIZED AND INITIATED BY THE PRESIDENT'S OFFICE WITH STRICT CONTROLS OVER THE SELECTION AND DISTRIBUTION OF THE FUNDS. ALL SUCH GRANTS WERE MADE TO 501(C)(3) ORGANIZATIONS OR DOMESTIC GOVERNMENTAL ENTITIES. FINANCIAL AID IS AWARDED TO STUDENTS IN THE FORM OF MERIT-BASED SCHOLARSHIPS, NEED-BASED GRANTS, WORK-STUDY AND STUDENT LOANS. ELIGIBILITY FOR FINANCIAL AID VARIES BASED ON THE CRITERIA OF EACH AWARD. MERIT SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC ACHIEVEMENT SUCH AS HIGH SCHOOL GRADE POINT AVERAGE, SAT OR ACT SCORE AND CLASS RANK, AND/OR EXTRA-CURRICULAR ACTIVITIES AND RECOMMENDATIONS. NEED-BASED GRANTS ARE OFFERED TO STUDENTS WHO COMPLETE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND WHO, BASED ON THIS INFORMATION, MEET THE ELIGIBILITY REQUIREMENTS FOR THE NEED-BASED AID. ALL STUDENTS WHO ARE SELECTED FOR VERIFICATION BY THE CENTRAL PROCESSING SYSTEM (CPS) MUST ALSO SUBMIT VERIFICATION OF THE INFORMATION PROVIDED ON THE FAFSA. NEED-BASED GRANTS AND SCHOLARSHIPS INCLUDE THE FEDERAL PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG), STATE GRANTS AND SCHOLARSHIPS, AND EMMANUEL COLLEGE GRANT AID. IN ADDITION TO NEED-BASED GRANTS AND SCHOLARSHIPS, STUDENTS WHO APPLY FOR FINANCIAL AID AND DEMONSTRATE FINANCIAL NEED MAY ALSO RECEIVE FEDERAL WORK STUDY AND NEED-BASED FEDERAL AND STATE STUDENT LOANS. THE LOAN PROGRAMS OFFERED BY EMMANUEL COLLEGE ARE THE FEDERAL STAFFORD LOAN, THE FEDERAL PERKINS LOAN AND THE MASSACHUSETTS NO-INTEREST LOAN. PRIOR TO DISBURSING ANY FINANCIAL ASSISTANCE, STUDENT ELIGIBILITY FOR EACH GRANT, SCHOLARSHIP, WORK-PROGRAM OR STUDENT LOAN IS CERTIFIED. TO RECEIVE NEED-BASED FINANCIAL AID STUDENTS MUST APPLY FOR FINANCIAL AID EACH ACADEMIC YEAR. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 MARY KATHLEEN BOYD PRESIDENT(THRU 7/23) 437475 0 0 0 3630 0 29700 0 12525 0 483330 0 0 0 PATRICIA TOWER ASTRE (-3/23), VP FIN+ADM/CFO(8/23-) 126664 0 0 0 216058 0 28662 0 1405 0 372789 0 0 0 BETH ROSS EDD PRESIDENT(AS OF 8/23) 249857 0 0 0 1161 0 23978 0 16566 0 291562 0 0 0 JOSEF KURTZ VP OF ACADEMIC AFFAIRS 241699 0 0 0 926 0 22897 0 12711 0 278233 0 0 0 BRIAN DENNING VP OF ADVANCEMENT 222915 0 0 0 617 0 21600 0 17085 0 262217 0 0 0 SANDRA ROBBINS DEAN OF ENROLLMENT 208112 0 0 0 1905 0 19834 0 12270 0 242121 0 0 0 SEAN PHILPOTT VP OF INFO RESOURCES 200704 0 0 0 1383 0 19065 0 15325 0 236477 0 0 0 JENNIFER PORTER ASSOC. VP FOR STUD FIN SERVICES 212422 0 0 0 1247 0 16680 0 2914 0 233263 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES OFF CAMPUS HOUSING TO CERTAIN SISTERS OF NOTRE DAME. THIS IS A NONTAXABLE BENEFIT AS IT IS PROVIDED AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE AND IS IN CLOSE PROXIMITY TO THE CAMPUS. PART I, LINE 4A PATRICA TOWER RECEIVED A PAYMENT IN CONNECTION WITH A VOLUNTARY SEPARATION FROM SERVICE WHICH IS REPORTED IN PART II, COLUMN B(III). PART II, COLUMN B(III) OF THE $342,722 LISTED IN COLUMN D ON THE CORE FORM PART VII, SECTION 1A, $126,664 REPRESENTS BASE COMPENSATION, WITH THE REMAINING $216,058 PAID PURSUANT TO A SABBATICAL AGREEMENT TIED TO RETIREMENT AFTER 26 YEARS OF SERVICE. SEE SCHEDULE J PART II. A MA DEVELOPMENT FINANCE AGENCY SERIES 2016A 043431814 57584XPZ8 2016-06-16 155914176 CONSTRUCTION/REFUND SERIES 2007 0 0 0 A 156813495 5977849 1430805 73594867 75809974 2018 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 PART II, LINE 3 - BOND PROCEEDS THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE IS INTEREST EARNED OF $899,319. X 2 45610 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COL (B). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY THE FINANCE OFFICE OF THE COLLEGE. IT IS REVIEWED AND APPROVED BY SENIOR MANAGEMENT AND KPMG, INDEPENDENT TAX CONSULTANT. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED TO OFFICERS, TRUSTEES, AND KEY EMPLOYEES WHO MUST READ THE POLICY, SIGN ACKNOWLEDGEMENT OF RECEIPT AND DISCLOSE ANY CONFLICTS OF INTEREST. EMPLOYEES RETURN THIS ACKNOWLEDGEMENT TO THE OFFICE OF HUMAN RESOURCES; TRUSTEES RETURN THIS ACKNOWLEDGEMENT TO THE PRESIDENT'S OFFICE FOR REVIEW. ANY CONFLICTS OF INTEREST ARE REPORTED TO THE VICE PRESIDENT OF FINANCE & ADMINISTRATION TO DETERMINE IF DISCLOSURE IS REQUIRED ON THE FORM 990 AND SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT OF THE COLLEGE REVIEW COMPENSATION OF SENIOR MANAGEMENT, OFFICERS AND KEY EMPLOYEES. THE CHAIR OF THE BOARD OF TRUSTEES REVIEWS COMPENSATION OF THE PRESIDENT OF THE COLLEGE. EXECUTIVE COMPENSATION AT EMMANUEL COLLEGE IS ESTABLISHED BY IDENTIFYING INDEPENDENT MARKET COMPARABILITY INFORMATION BASED ON STUDENT ENROLLMENT, OPERATING BUDGET, CARNEGIE CLASSIFICATION, AND GEOGRAPHIC REGIONS. DATA IS COLLECTED ON SALARY, VARIABLE PAY, TOTAL COMPENSATION, SUPPLEMENTAL RETIREMENT PLANS, AND VARIOUS BENEFITS. SOURCES OF INFORMATION INCLUDE INDEPENDENT SURVEYS CONDUCTED BY THIRD PARTY CONSULTANTS, INTERNAL AND EXTERNAL BENCHMARKING, WHITE PAPERS, ARTICLES, AND WEBINARS. FOR THE RECRUITMENT OF PROSPECTIVE EXECUTIVE POSITIONS, THE COLLEGE WORKS WITH SEVERAL INDEPENDENT PROFESSIONAL EXECUTIVE SEARCH FIRMS. THE COLLEGE AND THE SELECTED FIRM WORK TOGETHER TO OBTAIN COMPARATIVE MARKET DATA AND AVAILABLE SALARY SURVEY TO DETERMINE APPROPRIATE COMPENSATION. ALL DOCUMENTATION, INCLUDING APPROPRIATE APPROVALS, REGARDING COMPENSATION IS MAINTAINED BY HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE COLLEGE'S FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.