2025-05-14T14:31:16-05:00 2024-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2023-07-01 042108376 WESTERN NEW ENGLAND UNIVERSITY WEST 4137821234 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 BASIL STEWART INTERIM CFO 4137821234 2025-05-14 1 1 CRAIG KLEIN P00734640 6178075000 2025-05-14 2023 2025-03-06 01:10:19Z SCOTT PARSONS 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 207079462 0 X WWW.WNE.EDU X 1951 MA SEE SCHEDULE O 24 23 2029 1033 0 0 3730047 3455781 162336815 167176054 2338592 9471464 1420194 1578255 169825648 181681554 62183657 70650572 0 0 68689819 75513178 0 0 1562832 40905384 42231775 171778860 188395525 -1953212 -6713971 259519169 254777266 116205464 113737121 143313705 141040145 X SEE SCHEDULE O 0 0 123107950 61508191 113996976 UNDERGRADUATE - THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE APPROXIMATELY 2,400 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 42 STATES AND 30 FOREIGN COUNTRIES. 24273334 7833690 32273159 GRADUATE AND PROFESSIONAL - IN ADDITION TO A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS A NUMBER OF GRADUATE PROGRAMS AND PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. THE UNIVERSITY ALSO OFFERS PH.D PROGRAMS IN BEHAVIOR ANALYSIS AND IN ENGINEERING MANAGEMENT, MECHANICAL ENGINEERING AND A DOCTORAL PROGRAM IN OCCUPATIONAL THERAPY. 19952650 1308691 21480987 AUXILIARY - THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATE AND PROFESSIONAL STUDENTS FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 1,500 STUDENTS LIVED ON CAMPUS DURING THE ACADEMIC YEAR. 167333934 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 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 1 0 0 0 1 238 0 1 2029 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X SCOTT PARSONS INTERIM CFO 4137821234 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 DR ROBERT E JOHNSON PRESIDENT 40.00 X X 659716 0 82976 NEVILLE S BOGLE TRUSTEE (UNTIL 6/30/24) 1.00 X 0 0 0 JOHN J BRENNAN TRUSTEE (UNTIL 6/30/24) 1.00 X 0 0 0 CARMEL A CARMAGNA TRUSTEE 1.00 X 0 0 0 RICHARD M CASSATA TRUSTEE 1.00 X 0 0 0 ROBERT W CLARKE SECRETARY (UNTIL 6/30/24) 1.00 X X 0 0 0 ALEXANDER M CORL TRUSTEE 1.00 X 0 0 0 KEVIN S DELBRIDGE TRUSTEE 1.00 X 0 0 0 DIANNE FULLER DOHERTY TRUSTEE 1.00 X 0 0 0 MICHAEL J FLYNN TRUSTEE 1.00 X 0 0 0 DENIS G GAGNON TRUSTEE 1.00 X 0 0 0 MICHAEL T GAINES TRUSTEE 1.00 X 0 0 0 ELENA M GERVINO TRUSTEE 1.00 X 0 0 0 STEVEN P KITROSSER TRUSTEE 1.00 X 0 0 0 STANLEY KOWALSKI III TRUSTEE 1.00 X 0 0 0 NICHOLAS LAPIER VICE CHAIRMAN 1.00 X X 0 0 0 AMY B LEWIS TRUSTEE 1.00 X 0 0 0 KENNETH M RICKSON CHAIRMAN 1.00 X X 0 0 0 JODIE G ROURE TRUSTEE 1.00 X 0 0 0 ROBERT E SALAD TRUSTEE (UNTIL 9/5/23) 1.00 X 0 0 0 DEBORAH K SAREMI TRUSTEE 1.00 X 0 0 0 PETER C STEINGRABER TRUSTEE 1.00 X 0 0 0 GARY F THOMAS TREASURER 1.00 X X 0 0 0 STEVEN J TREMBLAY TRUSTEE 1.00 X 0 0 0 KATHLEEN A WHITE TRUSTEE 1.00 X 0 0 0 BASIL A STEWART VP FOR FINANCE AND ADMINISTRATION 40.00 X 283671 0 76169 DR ASAKO M TOYODA SENIOR VP FOR ACADEMIC AFFAIRS 40.00 X 319616 0 58153 DR S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 40.00 X 241502 0 72061 DR LINDA E JONES PROFESSOR OF MATERIALS SCI AND ENG 40.00 X 238582 0 36832 DR SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 40.00 X 236497 0 50431 BETH COHEN PROFESSOR OF LAW 40.00 X 233418 0 64630 KRISTINE GOODWIN VP & CHIEF EXPERIENCE OFFICER 40.00 X 227447 0 22159 CURT HAMAKAWA FORMER VP ACADEMIC AFFAIRS (KEY) 40.00 X 199058 0 25406 2639507 0 488817 128 1 1 0 ARAMARK CORPORATIONS PO BOX978839 DALLAS TX 753978839 FOOD SERVICES 6121966 MARKET MENTORS LLC 155 BROOKSIDE DR SPRINGFIELD MA 01104 MARKETING/ADVERTISING 405642 PETER PAN BUS LINES UNION STATION STE 300 SPRINGFIELD MA 01103 TRANSPORTATION SVCS 351724 SHEPLEY BULFINCH RICHARDSON & ABBOTT INC 99 CHAUNCY ST 4TH FLOOR BOSTON MA 02111 ATTORNEY SERVICES 280000 WAYBETTER MARKETING INC PO BOX 1439 COLUMBIA MD 21044 MARKETING/ADVERTISING 249737 19 24736 1448997 1982048 1585 3455781 TUITION AND FEES 611710 143446487 143446487 AUXILLIARY SALES AND S 611710 21480987 21480987 SPONSORED PROGRAMS 611710 2209712 2209712 STUDENT LOAN INTEREST 611710 38868 38868 167176054 1266878 1266878 184 184 175014 0 175014 175014 175014 33522421 46550 25305145 59424 8217276 -12874 8204402 8204402 39776 24736 33339 6437 6437 SERVICE REVENUE 611710 395985 395985 STUDENT/ALUMNI FUNDR. 611710 110225 110225 COMMISSION AND VENDING 611710 17007 17007 873587 68858 804729 1396804 181681554 167751122 0 10474651 70650572 70650572 1363966 348474 950299 65193 56603736 47960652 7864419 778665 2252938 1877554 342588 32796 11011497 9413595 1398101 199801 4281041 3567735 650986 62320 479385 9724 469661 173190 173190 274019 274019 10662433 9426396 1224459 11578 1146588 509016 600753 36819 3470017 2739589 669961 60467 2390529 726595 1644403 19531 4686450 4225851 460599 1783758 1626290 141962 15506 571579 496675 60829 14075 4171350 3992690 178660 7183345 6775806 407539 753846 87464 666382 MAINTENANCE & REPAIRS 2186565 2180161 6404 MEMBERSHIP & DUES 351769 152477 198404 888 NON-CAPITAL EQUIPMENT 290957 284395 6524 38 NON-CAPITAL IMPROVEMENT 18044 15044 3000 1637951 267179 1105617 265155 188395525 167333934 19498759 1562832 20943741 14100858 3631288 524540 3756799 4135293 1047789 582715 29307 19843 2984527 2750174 314965448 175079938 137909010 139885510 57602533 60406434 31614175 32371899 259519169 254777266 12417061 11934317 1212736 1021012 6436421 7743848 92204264 89810410 2471094 2064062 1463888 1163472 116205464 113737121 X 96940753 92505042 46372952 48535103 143313705 141040145 259519169 254777266 X -6713971 4339928 100483 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 62127725 328564 9204203 2794641 8350727 274019 60241105 59527823 293947 6369805 3823050 57779 183021 62127725 71333272 506338 -8466937 3592346 50461 202043 59527823 56995119 392708 17918011 3736061 41162 195343 71333272 56682994 3007111 222904 2687799 35176 194915 56995119 0.29000 0.71000 0.00000 0 0 4525765 4525765 233536707 116861502 116675205 67455213 58218436 9236777 9447763 9447763 139885510 HEDGE FUNDS 15296870 C INVESTMENTS HELD IN TRUST 802450 C REAL ESTATE FUND 4470168 C LONG/SHORT EQUITY INVESTMENTS 11802411 C 32371899 DEPOSITS 1163472 1163472 X 185847946 4339928 100483 4440411 181407535 274019 274019 181681554 188121506 0 188121506 274019 274019 188395525 PART IV, LINE 2B: AGENCY FUNDS ARE HELD BY THE UNIVERSITY AS A CUSTODIAN. FUNDS MAY BE HELD FOR STUDENT ORGANIZATIONS AND ORIGINATE FROM THE COLLECTION OF ACTIVITY FEES, DUES OR FUNDRAISING EFFORTS. EACH AGENCY FUND EXISTS AS A UNIQUE COST CENTER WITHIN THE UNIVERSITY'S FINANCIAL SYSTEM AND PROVIDES A METHOD FOR ACCOUNTING AND ADMINISTERING THESE FUNDS. EXPENDITURES FROM THESE FUNDS PRIMARILY SUPPORT STUDENT CLUBS AND ACTIVITIES. PART V, LINE 4: THE UNIVERSITY RECEIVES DONATIONS THROUGH THE ADVANCEMENT OFFICE. IT IS THE RESPONSIBILITY OF THE ADVANCEMENT OFFICE TO ENSURE THAT THE DONOR'S INTENTIONS ARE ADHERED TO. ANY RESTRICTED DONATIONS ARE INDICATED AS SUCH BY THE ADVANCEMENT OFFICE AND REVIEWED BY THE CONTROLLER'S OFFICE TO ENSURE PROPER RECORDING AND THAT THE DONOR'S INTENTIONS ARE FULFILLED. APPROXIMATELY 29% OF THE UNIVERSITY'S ENDOWMENT FUND IS QUASI-ENDOWMENT FUNDS THAT HAVE BEEN ESTABLISHED THROUGH SOUND FISCAL MANAGEMENT OF THE UNIVERSITY WITH THE REMAINING FUNDS ESTABLISHED THROUGH DONOR RESTRICTED DONATIONS. MOST OF THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND AWARDS FOR UNDERGRADUATE AND LAW STUDENTS. THE BOARD OF TRUSTEES' APPROVED RATE OF 5% IS APPLIED TO A 13-QUARTER ROLLING AVERAGE MARKET VALUE TO DETERMINE EACH ENDOWMENT'S DISTRIBUTABLE EARNINGS AND THE ACTUAL SPENDING RATE FOR FISCAL YEAR 2024 WAS 4.59%. PART X, LINE 2: THE UNIVERSITY IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT ITS TAX STATUS AND DECISIONS OVER WHICH ACTIVITIES ARE RELATED AND UNRELATED ARE ITS ONLY TAX POSITIONS AND THAT SUCH POSITIONS DO NOT RESULT IN UNCERTAINTY REQUIRING RECOGNITION. THE UNIVERSITY'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. NO EXAMINATIONS ARE CURRENTLY IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 100,483. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WESTERN NEW ENGLAND UNIVERSITY'S NON DISCRIMINATION POLICY IS STATED IN ALL PRINTED MATERIALS AND BY LAWS. SCHEDULE E - PART I, LINE 6 GOVERNMENT FINANCIAL AID AND ASSISTANCE FROM GOVERNMENT AGENCIES CONSISTS OF: - US DEPARTMENT OF EDUCATION FINANCIAL AID - STATE OF MASSACHUSETTS FINANCIAL AID - FEDERAL AND STATE RESEARCH FUNDS EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 249894 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INDIVIDUAL FACULTY/ATHLETIC TEAMS/COACHES/TRAVEL 41999 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 5886 SOUTH AMERICA 0 0 PROGRAM SERVICES INDIVIDUAL FACULTY/STAFF TRAVEL 1628 SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITING/TRAVEL 5220 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INDIVIDUAL FACULTY/STAFF TRAVEL 3532 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 15343765 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 1026898 0 0 0 0 0 0 16678822 0 16678822 0 0 1 1 1 0 SCHEDULE F - PART I, LINE 3 EXPENDITURES IN COLUMN F ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. THE VALUE OF INVESTMENTS REPORTED IN COLUMN F IS REPORTED BASED ON THE FAIR MARKET VALUE AS OF JUNE 30, 2024 IN ACCORDANCE WITH US GAAP. GOLF - ALUMNI ASSOC. 41331 16940 24391 3680 10000 5786 GOLF - FOOTBALL 14060 3095 10965 298 5564 4411 1 9121 4701 4420 3600 64512 24736 39776 3978 19164 10197 33339 6437 PART II: EVENT- A.) EVENT #1 - ALUMNI ASSOCIATION - GOLF TOURNAMENT B.) EVENT #2 -ATHLETIC FOOTBALL - GOLF TOURNAMENT A.) OTHER EVENTS -COLLEGE OF PHARMACY AND HEALTH SERVICES - GOLF TOURNAMENT 1 SEOG FEDERAL FINANCIAL AID 112 322188 CREDIT TO STUDENT ACCOUNTS INSTITUTIONAL SCHOLARSHIPS 2953 70328384 CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: GRANT FUNDS ARE MONITORED BY TWO DEPARTMENTS CREATING CHECKS AND BALANCES TO ENSURE FUNDS ARE REPORTED AND USED AS REQUIRED IN THE GRANT. TITLE IV GRANT FUNDS ARE AWARDED BY THE FINANCIAL AID OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT VIA FINANCIAL AID TRANSMITTAL. THE FINANCIAL AID TRANSMITTAL SHOWS A LISTING OF EACH AWARD BY TYPE AND TOTALS. THIS IS USED TO RECORD THE GRANT EXPENSE TO THE GENERAL LEDGER. FUNDS ARE DRAWN DOWN IN THE G-6 PAYMENT MANAGEMENT SYSTEM INTO THE FEDERAL FUND'S CHECKING ACCOUNT. THE AMOUNTS DRAWN IN G-6 ARE RECONCILED TO THE GENERAL LEDGER AND FINANCIAL AID TRANSMITTAL ON A MONTHLY BASIS. X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 DR ROBERT E JOHNSON PRESIDENT 496048 0 63603 0 100065 0 39000 0 43976 0 742692 0 0 0 DR ASAKO M TOYODA SENIOR VP FOR ACADEMIC AFFAIRS 319140 0 0 0 476 0 11801 0 46352 0 377769 0 0 0 BASIL A STEWART VP FOR FINANCE AND ADMINISTRATION 258195 0 25000 0 476 0 9566 0 66603 0 359840 0 0 0 DR S HOSSEIN CHERAGHI DEAN, COLLEGE OF ENGINEERING 240095 0 0 0 1407 0 8750 0 63311 0 313563 0 0 0 BETH COHEN PROFESSOR OF LAW 224186 0 0 0 9232 0 7729 0 56901 0 298048 0 0 0 DR SHARIANNE WALKER DEAN, COLLEGE OF BUSINESS 235766 0 0 0 731 0 8094 0 42337 0 286928 0 0 0 DR LINDA E JONES PROFESSOR OF MATERIALS SCI AND ENG 237175 0 0 0 1407 0 8513 0 28319 0 275414 0 0 0 KRISTINE GOODWIN VP & CHIEF EXPERIENCE OFFICER 226971 0 0 0 476 0 7359 0 14800 0 249606 0 0 0 CURT HAMAKAWA FORMER VP ACADEMIC AFFAIRS (KEY) 197651 0 0 0 1407 0 6439 0 18967 0 224464 0 0 0 PART I, LINE 1A THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE. THE PRESIDENT'S HOUSING ALLOWANCE IS INCLUDED IN HIS TAXABLE COMPENSATION. ALSO, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT MAY RECEIVE MEMBERSHIPS TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE UNIVERSITY. REIMBURSEMENT OR PAYMENT OF MEMBERSHIPS ARE REIMBURSED THROUGH THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICIES AND PROCEDURES. IN ADDITION, THROUGH HIS EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. THE PRESIDENT IS ELIGIBLE TO PARTICIPATE IN ALL STANDARD UNIVERSITY BENEFIT PLANS AS WELL AS ANY OTHER SUPPLEMENTAL BENEFIT PLANS PURSUANT TO HIS CONTRACT. PART I, LINE 3 PURSUANT TO HIS EMPLOYMENT CONTRACT, THE PRESIDENT IS ELIGIBLE TO RECEIVE AN ANNUAL INCENTIVE BONUS. THIS AMOUNT IS DETERMINED AT THE DISCRETION OF THE BOARD, EQUAL TO 25% OF THE PRESIDENT'S BASE SALARY. THE DETERMINATION OF WHETHER TO AWARD AN ANNUAL INCENTIVE BONUS SHALL BE INFORMED AND GUIDED, AT LEAST IN PART, BY THE PRESIDENT'S ANNUAL EVALUATION AS SPECIFIED IN HIS CONTRACT. THE PRESIDENT SHALL BE NOTIFIED PER THE CONTRACT ON OR BEFORE JUNE 30, THE AMOUNT, IF ANY, OF THE INCENTIVE BONUS WHICH SHALL BE PAID WITHIN 75 DAYS THERE AFTER. A MDFA SERIES 2009- REISSUED 2012 043431814 000000000 2008-05-29 5000000 LAW SCHOOL ADDITION - CONSTRUCTION 0 0 0 B MDFA SERIES 2015 043431814 51584XHE5 2015-12-22 39201607 REFUND ISSUE 10/19/05 - DINING HALL 0 0 0 C MDFA SERIES 2018 043431814 57584YHJL 2018-06-20 61551133 REFUND ISSUE 11/9/09 - DINING HALL 0 0 0 A 3684704 5000000 61819 4938181 2008 0 0 1 1 B 5285000 39201607 462177 8079556 30659874 2017 1 0 1 1 C 3910000 61551133 669480 18032220 42849433 2018 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MDFA SERIES 2015 DATE THE REBATE COMPUTATION WAS PERFORMED: 12/22/2023 ISSUER NAME: MDFA SERIES 2018 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/20/2024 SCHEDULE K - PART III, LINE 3A MDFA SERIES 2008 REISSUED 2012 $5,000,000 - ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. MDFA SERIES 2015 - $39,201,607 - ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. MDFA SERIES 2018 - $61,551,133 - ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND FINANCED PROPERTY FALL WITHIN THE INCIDENTAL USE EXCEPTION. FORM 990 PART I, LINE 1 AND FROM 990, PART III, LINE 1- WESTERN NEW ENGLAND UNIVERSITY, A COMPREHENSIVE-PRIVATE INSTITUTION WITH A TRADITION OF EXCELLENCE IN TEACHING AND SCHOLARSHIP AND A COMMITMENT TO SERVICE, AWARDS UNDERGRADUATE, MASTER'S AND DOCTORIAL DEGREES IN THE COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING AND PHARMACY AND HEALTH SCIENCES AND THE SCHOOL OF LAW. ONE OF ONLY A FEW U.S. COMPREHENSIVE INSTITUTIONS ENROLLING UNDER 5,000 STUDENTS, RECOGNIZED WITH NATIONAL AND INTERNATIONAL ACCREDITATION AT THE HIGHEST LEVELS IN LAW, BUSINESS, AND ENGINEERING, WE SERVE STUDENTS PREDOMINANTLY FROM THE NORTHEASTERN U.S., BUT ENROLL STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. MOST OF THE UNDERGRADUATE STUDENTS RESIDE ON CAMPUS. OUR 215-ACRE CAMPUS IN SPRINGFIELD, MASSACHUSETTS, IS REMARKABLE FOR ITS BEAUTY, SECURITY AND METICULOUS UPKEEP. OUR MISSION: THE HALLMARK OF THE WESTERN NEW ENGLAND UNIVERSITY EXPERIENCE IS AN UNWAVERING FOCUS ON AND ATTENTION TO EACH STUDENT'S ACADEMIC AND PERSONAL DEVELOPMENT, INCLUDING LEARNING OUTSIDE THE CLASSROOM. FACULTY, DEDICATED TO EXCELLENCE IN TEACHING AND RESEARCH, AND OFTEN NATIONALLY RECOGNIZED IN THEIR FIELDS, TEACH IN AN ENVIRONMENT OF WARMTH AND PERSONAL CONCERN WHERE SMALL CLASSES PREDOMINATE. ADMINISTRATIVE AND SUPPORT STAFF WORK COLLABORATIVELY WITH FACULTY IN ATTENDING TO STUDENT DEVELOPMENT SO THAT EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL CAN BE REALIZED AND APPRECIATED. WESTERN NEW ENGLAND UNIVERSITY DEVELOPS LEADERS AND PROBLEM-SOLVERS FROM AMONG OUR STUDENTS, WHETHER IN ACADEMICS, INTERCOLLEGIATE ATHLETICS, EXTRACURRICULAR AND COCURRICULAR PROGRAMS, COLLABORATIVE RESEARCH PROJECTS WITH FACULTY, OR IN PARTNERSHIP WITH THE LOCAL COMMUNITY. AT WESTERN NEW ENGLAND UNIVERSITY, EXCELLENCE IN STUDENT LEARNING GOES HAND IN HAND WITH THE DEVELOPMENT OF PERSONAL VALUES SUCH AS INTEGRITY, ACCOUNTABILITY, AND CITIZENSHIP. STUDENTS ACQUIRE THE TOOLS TO SUPPORT LIFELONG LEARNING AND THE SKILLS TO SUCCEED IN THE GLOBAL WORKFORCE. EQUALLY IMPORTANT, ALL MEMBERS OF OUR COMMUNITY ARE COMMITTED TO GUIDING STUDENTS IN THEIR DEVELOPMENT TO BECOME INFORMED AND RESPONSIBLE LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES BY PROMOTING A CAMPUS CULTURE OF RESPECT, TOLERANCE, ENVIRONMENTAL AWARENESS, AND SOCIAL RESPONSIBILITY. WE ARE WELL POSITIONED TO ACCOMPLISH THESE GOALS AS A TRULY COMPREHENSIVE INSTITUTION WHOSE FACULTY AND STAFF HAVE HISTORICALLY COLLABORATED IN OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL LEARNING IN THE DIVERSE FIELDS OF ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW AND PHARMACY. OUR CORE VALUES: EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP: UNDERSTANDING THAT OUR PRIMARY PURPOSE IS TO PROVIDE AN OUTSTANDING EDUCATION SUPPORTED BY FACULTY WITH THE HIGHEST ACADEMIC CREDENTIALS, AND WITH NATIONAL PROMINENCE IN THEIR FIELDS. STUDENT-CENTERED LEARNING: PROVIDING AN INDIVIDUALIZED APPROACH TO EDUCATION WHICH INCLUDES A PROFOUND COMMITMENT TO SMALL CLASS SIZES, PERSONALIZED STUDENT-FACULTY RELATIONSHIPS, AND STUDENT ENGAGEMENT AND PERSONAL GROWTH BOTH WITHIN AND BEYOND THE CLASSROOM. A SENSE OF COMMUNITY: TREATING EVERY INDIVIDUAL AS A VALUED MEMBER OF OUR COMMUNITY WITH A SHARED SENSE OF PURPOSE AND OWNERSHIP MADE POSSIBLE BY MUTUAL RESPECT AND SHARED GOVERNANCE. INNOVATIVE INTEGRATED LIBERAL AND PROFESSIONAL EDUCATION: CONSTITUTING THE FOUNDATION OF OUR UNDERGRADUATE AND GRADUATE CURRICULUM, PROVIDING GLOBAL EDUCATION, LEADERSHIP OPPORTUNITIES, AND CAREER PREPARATION. COMMITMENT TO ACADEMIC, PROFESSIONAL, AND COMMUNITY SERVICE: PROMOTING OPPORTUNITIES FOR ALL CAMPUS COMMUNITY MEMBERS TO PROVIDE RESPONSIBLE SERVICE OF THE HIGHEST QUALITY TO OTHERS. STEWARDSHIP OF OUR CAMPUS: CARING FOR THE SUSTAINABILITY AND AESTHETICS OF THE ENVIRONMENT BOTH WITHIN AND BEYOND THE CAMPUS. AFTER CELEBRATING ITS CENTENNIAL IN 2019, WESTERN NEW ENGLAND UNIVERSITY LOOKS FORWARD TO A NEW CENTURY, NEW DECADE, AND NEW OPPORTUNITIES TO EVOLVE. OUR FOCUS WILL REMAIN ON EDUCATING THE WHOLE STUDENT, BUT IN A TWENTY-FIRST CENTURY CONTEXT HIGHLIGHTING THE DEMANDS OF SOCIETY, THE ACCELERATING PACE OF TECHNOLOGY, AND THE NECESSITY OF ATTENTION TO ENVIRONMENTAL SUSTAINABILITY. WE MUST CONTINUE TO DEVELOP AS A COMPREHENSIVE INSTITUTION OFFERING AN INTEGRATED PROGRAM OF LIBERAL AND PROFESSIONAL UNDERGRADUATE AND GRADUATE EDUCATION WHILE ESTABLISHING OURSELVES IN A POSITION OF NATIONAL LEADERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS PASSED ON TO THE FULL BOARD FOR REVIEW. THE AUDIT COMMITTEE'S REVIEW IS ACCOMPLISHED BY PROVIDING THE 990 FORM AND ALL SCHEDULES AND ATTACHMENTS TO THE COMMITTEE THROUGH A SECURE WEBSITE. THE COMMITTEE CAN DISCUSS THE RETURN AT A SCHEDULED MEETING WITH THE AUDITORS. ONCE THE COMMITTEE REVIEWS THE RETURN, THE FULL BORAD IS GIVEN ACCESS TO THE SECURE ONLINE WEBSITE BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY ASKS THE TRUSTEES TO COMPLETE A CONFLICT-OF-INTEREST STATEMENT EACH YEAR. ADMINISTRATIVE EMPLOYEES ARE ASKED TO COMPLETE A CONFLICT-OF-INTEREST STATEMENT AT THE TIME OF ON BOARDING. THE TRUSTEE STATEMENTS ARE REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION OR HIS/HER DESIGNEE. IF ANY ISSUES AND OR CONCERNS ARE FOUND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION WILL BRING THE MATTER FORWARD AS APPROPRIATE TO ENSURE THAT ALL PARTIES ARE AWARE OF ANY ISSUES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION MAY DECIDE TO ENGAGE EXTERNAL LEGAL COUNSEL TO REVIEW THE CIRCUMSTANCES OF ANY REPORTED CONFLICT AND PROVIDE LEGAL ADVICE ON THE MATTER. ANY TRUSTEE WITH A CONFLICT ABSTAINS FROM ANY BOARD OR COMMITTEE VOTES AS DEEMED NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW PROCESS FOR THE PRESIDENT IS CONDUCTED THROUGH A COMPENSATION SUB-COMMITTEE OF TRUSTEES COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TWO OTHER MEMBERS. THE SUB-COMMITTEE MEETS DURING THE YEAR TO REVIEW THE PRESIDENT'S PERFORMANCE RELATIVE TO THE PRIOR YEAR'S GOALS AND TO ESTABLISH THE COMING YEAR'S GOALS. THE SUB-COMMITTEE PERIODICALLY ENGAGES A THIRD PARTY TO CONDUCT AN INDEPENDENT REVIEW OF THE PRESIDENT'S COMPENSATION. THE THIRD PARTY MAY BE ASKED TO ADVISE THE SUB-COMMITTEE OF TRENDS AND ANY OTHER PERTINENT INFORMATION WITH RESPECT TO BENCHMARKED PEER INSTITUTIONS. PEER INSTITUTIONS ARE DEFINED ACCORDING TO MEASURES UTILIZING INSTITUTIONAL ORGANIZATIONAL COMPLEXITY SUCH AS SIZE AND BREADTH OF PROGRAMMING. ADDITIONALLY, THE SUB-COMMITTEE RELIES ON INTERNAL DATA REGARDING COMPENSATION CHANGES BEING CONSIDERED FOR OTHER UNIVERSITY POSITIONS. THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF TRUSTEES RECOMMENDS TO THE EXECUTIVE COMMITTEE THE PRESIDENT'S COMPENSATION PACKAGE. ALL DOCUMENTATION IS KEPT BY THE CHAIRMAN OF THE BOARD. IN ADDITION, THE PRESIDENT'S OFFICE RETAINS A COPY OF THE PRESIDENT'S SELF-EVALUATION. THE MINUTES OF THE EXECUTIVE SESSION OF THE BOARD OF TRUSTEES ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. THE COMPENSATION PROCESS MEETS THE REBUTTABLE PRESUMPTION. THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE COMMITTEE RELIES ON APPROPRIATE INTERNAL AND EXTERNAL DATA AS TO BOTH COMPENSATION LEVEL AND COMPENSATION CHANGE PRIOR TO MAKING ITS DETERMINATION AND THE COMMITTEE TIMELY AND ADEQUATELY DOCUMENTS THE DECISIONS REGARDING COMPENSATION. 15B-THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES MOST HEAVILY MEASURES AGAINST PERFORMANCE OF THE INDIVIDUALS AND CONTEMPORANEOUSLY PUBLISHED SALARY DATA FROM THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION'S (CUPA) SALARY LISTINGS FROM COMPARABLE INSTITUTIONS WITHIN THE SAME CARNEGIE CATEGORIES AS THE UNIVERSITY. THE PRESIDENT DETERMINES ANY INCREASES BASED ON PERFORMANCE AND COMPARABLE COMPENSATION DATA. THE PRESIDENT REPORTS THE SALARY LEVELS OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION RECORDS ARE KEPT IN THE PRESIDENT'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE IRS FORM 990 IS AVAILABLE UPON REQUEST FROM THE UNIVERSITY. IT IS POSTED ALONG WITH THE AUDITED FINANCIAL STATEMENTS ON THE UNIVERSITY'S WEBSITE AT: HTTPS://WNE.EDU/FINANCE-AND-ADMINISTRATION/CONTROLLER/FEDERAL-TAX-RETURNS AND THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE AT WWW.MASS.GOV. THE UNIVERSITY'S GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION AND BY-LAWS MAY BE REQUESTED FROM THE CONTROLLER'S OFFICE AND ARE POSTED ON THE WEBSITE FOR THE MASSACHUSETTS SECRETARY OF STATE. THE CONFLICT-OF-INTEREST POLICY IS ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 100,483. ROUNDING CHARITABLE REMAINDER TRUST (2) 1215 WILBRAHAM ROAD SPRINGFIELD MA 01119 CHARITABLE TR MA TRUST N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0