2026-04-06T14:17:48-05:00 2025-05-31 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-06-01 042111203 TRUSTEES OF CLARK UNIVERSITY TRUS 5087937455 950 MAIN STREET WORCESTER MA 01610 DAN HITCHELL EVP, CFO & TREASURER 5087937190 2026-04-06 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z CLARK UNIVERSITY DAVID FITHIAN 950 MAIN STREET WORCESTER MA 01610 285664201 0 X WWW.CLARKU.EDU X 1887 MA CLARK UNIVERSITY'S MISSION IS TO EDUCATE UNDERGRADUATE AND GRADUATE (CONTINUED IN SCHEDULE O)STUDENTS TO BE IMAGINATIVE AND CONTRIBUTING CITIZENS OF THE WORLD, AND TO ADVANCE THE FRONTIERS OF KNOWLEDGE AND UNDERSTANDING THROUGH RIGOROUS SCHOLARSHIP AND CREATIVE EFFORT. 31 30 2700 366 -42792 0 31604318 26229045 203088841 197424296 13553038 6760533 1321955 5124288 249568152 235538162 96218791 96570559 0 0 99970241 99021089 68500 170650 6742217 62630732 70726321 258888264 266488619 -9320112 -30950457 768048176 770114928 195845783 193054791 572202393 577060137 X CLARK UNIVERSITY'S MISSION IS TO EDUCATE UNDERGRADUATE AND GRADUATE STUDENTS TO BE IMAGINATIVE AND CONTRIBUTING CITIZENS OF THE WORLD, AND TO ADVANCE THE FRONTIERS OF KNOWLEDGE AND UNDERSTANDING THROUGH RIGOROUS SCHOLARSHIP AND CREATIVE EFFORT. (CONTINUED ON SCHEDULE O) 0 0 96484251 0 180194289 INSTRUCTION AND ACADEMIC SUPPORT: CLARK'S FALL 2024 ENROLLMENT CONSISTED OF 2,266 UNDERGRADUATES AND 1,665 GRADUATE STUDENTS. OUR MOTTO - AND MISSION - IS "CHALLENGE CONVENTION; CHANGE OUR WORLD", AND OUR FACULTY MEMBERS WORK TO INSPIRE THEIR STUDENTS TO UTILIZE THEIR LIBERAL ARTS BASED EDUCATION TO MAKE A REAL DIFFERENCE IN THE COMMUNITIES IN WHICH THEY LIVE AND WORK. WE ALSO HAVE STRONG GRADUATE PROGRAMS, WHICH INCLUDE MASTERS' LEVEL DEGREES AND EIGHT PHD PROGRAMS. 93812751 93812751 0 FINANCIAL AID: CLARK IS COMMITTED TO BEING AFFORDABLE TO THOSE STUDENTS ABLE TO MEET THE HIGH ACADEMIC EXPECTATIONS OF OUR FACULTY. APPROXIMATELY 97% OF ALL UNDERGRADUATE STUDENTS RECEIVE SOME LEVEL OF FINANCIAL ASSISTANCE, WHICH IS DISTRIBUTED ON THE BASIS OF BOTH MERIT AND FINANCIAL NEED. 14835698 2757808 0 RESEARCH: CLARK IS COMMITTED TO A PROGRAM OF RESEARCH AND HAS A VERY PROFESSIONALLY ACTIVE FACULTY, VIRTUALLY ALL OF WHOM ARE ENGAGED IN SPONSORED OR UNSPONSORED RESEARCH AND CREATIVE ACTIVITY. UNDERGRADUATE AND GRADUATE STUDENTS PARTICIPATE EXTENSIVELY IN FACULTY-DIRECTED RESEARCH. RESEARCH IS FUNDED BY BOTH PRIVATE AND PUBLIC GRANTS. 40282562 0 22177988 AUXILIARY SERVICES INCLUDES PROVIDING HIGH QUALITY RESIDENCE HALLS, FOOD SERVICE, AND CAMPUS STORE SERVICES TO CLARK STUDENTS. STUDENT SERVICES PROGRAM SUPPORTS AN ENVIRONMENT FOR THE STUDENTS THAT ENCOURAGES THEM TO BECOME ACTIVE, INVOLVED AND RESPONSIBLE CITIZENS IN THE GLOBAL COMMUNITIES. RESOURCES ARE EXPENDED TO PROVIDE SUPPORT TO THE STUDENTS IN ACHIEVING THEIR NON-ACADEMIC GOALS AND PROVIDING A BALANCE AND HEALTHY SOCIAL ENVIRONMENT. 40282562 0 22177988 245415262 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 5290 0 1 2700 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X DAN HITCHELL 5087937190 950 MAIN STREET WORCESTER MA 01610 X ANI APRAHAMIAN TRUSTEE 2.00 0.00 X 0 0 0 JAY ASH TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 JASON M BARNETT TRUSTEE (THRU 06/2024) 2.00 0.00 X 0 0 0 TERRI BONOFF TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 DONELLA BROCKINGTON TRUSTEE 2.00 0.00 X 0 0 0 INGRID BUSSON-HALL TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY CANNON TRUSTEE 2.00 0.00 X 0 0 0 KEVIN CHERRY TRUSTEE 2.00 0.00 X 0 0 0 ROY DINICOLA TRUSTEE 2.00 0.00 X 0 0 0 MONA DOMOSH TRUSTEE (THRU 06/2024) 2.00 0.00 X 0 0 0 ERIC EPSTEIN TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 LARRY FRANKS TRUSTEE 2.00 0.00 X 0 0 0 ROSS GILLMAN TRUSTEE (THRU 06/2024) 2.00 0.00 X 0 0 0 JANET GOSS TRUSTEE 2.00 0.00 X 0 0 0 NANCIE M JULIAN TRUSTEE 2.00 0.00 X 0 0 0 GARY LABOVICH TRUSTEE/CHAIR 15.00 0.00 X X 0 0 0 LAWRENCE LANDRY TRUSTEE 2.00 0.00 X 0 0 0 CINDY MICHAEL-WOLPERT TRUSTEE 2.00 0.00 X 0 0 0 ANTONIO MOLESTINA TRUSTEE 2.00 0.00 X 0 0 0 ARLENE MORRIS TRUSTEE 2.00 0.00 X 0 0 0 PETER MUGAR TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER OTTINGER TRUSTEE 2.00 0.00 X 0 0 0 KAREN PATTERSON GREENE TRUSTEE 2.00 0.00 X 0 0 0 ERICA PENN TRUSTEE 2.00 0.00 X 0 0 0 LEE PLAVE TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH POKU TRUSTEE 2.00 0.00 X 0 0 0 RON SHAICH TRUSTEE 2.00 0.00 X 0 0 0 DAVID STRASSLER TRUSTEE 2.00 0.00 X 0 0 0 BRUCE H WEILLER TRUSTEE 2.00 0.00 X 0 0 0 MARK WETZEL TRUSTEE 2.00 0.00 X 0 0 0 SARAH WILLIAMS TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 LORI WITTMAN TRUSTEE 2.00 0.00 X 0 0 0 BRIAN YEE TRUSTEE (AS OF 07/2024) 2.00 0.00 X 0 0 0 VICKIE H RICCARDO TRUSTEE (THRU 06/2024) 2.00 0.00 X 0 0 0 TONY TILTON TRUSTEE 2.00 0.00 X 0 0 0 WENDI J TRILLING TRUSTEE (THRU 06/2024) 2.00 0.00 X 0 0 0 DAVID FITHIAN PRESIDENT 40.00 0.00 X 826486 0 107142 DANIELLE MANNING EVP & TREASURER (THRU 04/2025) 40.00 0.00 X 369581 0 51707 KENDALL ISAAC VP, GEN COUNSEL & SEC. (THRU 09/24) 40.00 0.00 X 321192 0 49690 ANNE RANDALL CONTROLLER AND ASST TREASURER 40.00 0.00 X 176544 0 18007 DAN HITCHELL EVP, CFO & TREASURER (AS OF 04/2025) 40.00 0.00 X 0 0 0 SEBASTIAN ROYO PROVOST(THRU 08/2024)/PROFESSOR 40.00 0.00 X 361801 0 73136 JOE MANOK VICE PRESIDENT UNIV. ADVANCEMENT 40.00 0.00 X 325582 0 67032 JILL FRIEDMAN VP MARKETING & COMMUNICATIONS 40.00 0.00 X 288959 0 44243 DAVID CHEARO VP PLANNING & CHIEF OF STAFF 40.00 0.00 X 260681 0 60542 MARGO FOREMAN VP & CHIEF DIVERSITY OFFICER 40.00 0.00 X 225928 0 38159 JOSEPH CORAZZINI VP GOVT & COMM AFFAIRS 40.00 0.00 X 223432 0 52040 JOHN MAGEE INT PROV/PROVOST (AS OF 02/2025) 40.00 0.00 X 223135 0 22380 ALAN EISNER PROFESSOR 40.00 0.00 X 339589 0 39787 JOHN LABRIE ASSOC PROVOST/DEAN OF PROF STUDIES 40.00 0.00 X 293053 0 69636 DAVID JORDAN DEAN OF SCHOOL OF BUSINESS 40.00 0.00 X 289443 0 580 ROBERT JOHNSTON PROFESSOR 40.00 0.00 X 280452 0 55921 NADIA WARD DIRECTOR MOSAKOWSKI INSTITUTE 40.00 0.00 X 268065 0 40079 MATTHEW MALSKY PROGRAM DIR. MCA SUPPLEMENT 40.00 0.00 X 144548 0 14675 YUKO AOYAMA ASSOC PROVOST/DEAN OF RESEARCH 40.00 0.00 X 140415 0 24833 5358886 0 829589 229 1 1 0 CONSIGLI CONSTRUCTION CO INC 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION MANAGEMENT 6248245 SODEXO INC AFFILIATES 915 MEETING STREET NORTH BETHSEDA MD 20852 FOOD SERVICES 4253601 CAPSTONE DEVELOPMENT PARTNERS LLC 402 OFFICE PARK DRIVE BIRMINGHAM AL 35223 CONSTRUCTION MANAGEMENT 4191287 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 75397 FOOD SERVICES 3080436 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 CONSTRUCTION MANAGEMENT 1771567 64 9841451 16387594 4228291 26229045 TUITION AND FEES 611310 175422835 175422835 HOUSING 721310 12628011 12628011 FOOD SERVICES 722310 7583426 7583426 GEOGRAPHIC SOFTWARE 443120 531636 531636 CAMPUS STORE 453000 179488 179488 1078900 1078900 197424296 2319099 2319099 182068 182068 533514 357207 176307 176307 176307 15365027 38845239 15258683 34510149 106344 4335090 4441434 -42792 4484226 ENERGY INCENTIVES/GRANTS 900099 3430845 3430845 INSURANCE INCENTIVES/REBATES 900099 160322 160322 1174746 1174746 4765913 235538162 202372277 -42792 6979632 778886 778886 95208282 95208282 583391 583391 3745903 3338618 407285 76644984 61198203 12789328 2657453 4980452 3984835 822581 173036 8488567 6754665 1440589 293313 5161183 4117037 865369 178777 690804 690804 591621 84351 507270 549650 549650 170650 170650 3190062 3190062 9252415 6522791 2332837 396787 855251 279139 576112 3320880 2383775 582581 354524 2446244 2374817 20630 50797 1426589 1050435 231862 144292 6641938 6123741 446625 71572 2466244 2252926 71291 142027 1788516 1407942 101369 279205 4973165 4562430 409107 1628 12498843 11148051 1149565 201227 1280061 31133 1216348 32580 OTHER FOOD SERVICE 8215572 8215572 0 0 STUDY ABROAD/AWAY 1871392 1871392 0 0 LIBRARY ACQUISITIONS 1511534 1511534 0 0 7155540 22279130 -16310654 1187064 266488619 245415262 14331140 6742217 797740 424594 26378713 20155863 12811777 11017290 1957526 1570842 1322614 2013696 4587859 4741948 398047217 186384962 216890149 211662255 12612126 12697849 487063515 502285397 876568 588534 2749589 2956660 768048176 770114928 20459300 16959418 9467568 9582512 154516954 154546543 11401961 11966318 195845783 193054791 X 140309313 129924242 431893080 447135895 572202393 577060137 768048176 770114928 X -30950457 36212470 -404269 X 0 1 X 1 1 1 X 21420289 27337756 30850852 31604318 26229045 137442260 21420289 27337756 30850852 31604318 26229045 137442260 2409651 135032609 1258537 1741395 3804399 3617369 3034681 13456381 3928409 13294 3941703 154840344 923622192 0.87210 0.86380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NEW MTK TAX CRED GAIN - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 3,928,409. 2023 AMOUNT: $ 13,294. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 25598 0 0 25598 0 PART II-B, LINE 1: THERE WERE NO PAID LOBBYISTS FOR FY25. A SMALL PORTION OF THE PRESIDENT AND VP FOR GOVERNMENT AND COMMUNITY AFFAIRS' TIME IS SPENT MEETING WITH AND CALLING GOVERNMENT OFFICIALS. ADDITIONALLY, THE UNIVERSITY PAYS DUES AND/OR MEMBERSHIP FEES OF APPROXIMATELY $89,000 TO SEVERAL MEMBERSHIP ORGANIZATIONS. AN UNKNOWN PORTION OF THESE DUES MAY BE USED FOR LOBBYING ON THE UNIVERSITY'S BEHALF. THE UNIVERSITY PAID $220 TO REGISTER THE VP OF GOVERNMENT AND COMMUNITY AFFAIRS AS A LOBBYIST IN MA IN FY25. X X X 0 486846379 4899255 39377461 9062824 16711536 4021474 501327261 451184606 4085720 60693758 9047642 16703914 3366149 486846379 487169065 3862820 -12067351 8920640 16446767 2412521 451184606 506185358 4737283 -135179 7663936 13761323 2193138 487169065 410636307 2172934 117723190 8110181 14118293 2118599 506185358 0.18320 0.33980 0.47700 1 0 17100676 17100676 324455545 159538637 164916908 256710 179697 77013 26326775 11317085 15009690 29907511 15349543 14557968 211662255 PARTNERSHIPS/ALTERNATIVE INVESTMENTS 501585677 F OTHER 699720 F 502285397 ANNUITIES PAYABLE 5485472 CONDITIONAL ASSET RETIREMENT OBLIGATION 3331804 RIGHT OF USE LEASE OBLIGATION 933182 PERKINS FEDERAL LIABILITY CONTRA 753185 OTHER LIABILITIES 750693 MISC TAX AND RELATED ITEMS 711982 11966318 X PART III, LINE 1A: THE UNIVERSITY HOUSES CERTAIN COLLECTIONS OF WORKS OF ART, LITERARY WORKS AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT RECORDED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. PART III, LINE 4: CLARK UNIVERSITY HAS ART AND BOOK COLLECTIONS THAT ARE USED BY STUDENTS AND FACULTY TO ENHANCE CURRICULUM. ON OCCASION, THESE WORKS HAVE BEEN ACCESSED FOR SCHOLARLY RESEARCH. PART V, LINE 4: THE UNIVERSITY HAS ADOPTED AN ENDOWMENT INVESTMENT PHILOSOPHY, WHICH COMBINED WITH THE SPENDING RATE, ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF RETURNS THEREBY MAKING FUNDS AVAILABLE TO PROGRAMS THAT ARE SUPPORTED BY ITS ENDOWMENT, WHILE AT THE SAME TIME SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS, AS WELL AS, BOARD-DESIGNATED FUNDS. UNDER THE UNIVERSITY'S INVESTMENT POLICY AND SPENDING RATE, BOTH OF WHICH ARE APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE AN INFLATION-ADJUSTED RETURN IN EXCESS OF THE SPENDING RATE OVER A LONG PERIOD OF TIME. THE USE OF THE DISTRIBUTION IS FOR MISSION RELATED ACTIVITIES INCLUDING STUDENT SCHOLARSHIPS, LIBRARY ACQUISITIONS, RESEARCH, ACADEMIC SUPPORT, STUDENT LOANS, AND INSTRUCTION. PART X, LINE 2: THE UNIVERSITY IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PRINTED IN STUDENT HANDBOOKS, IS AVAILABLE ON THE SCHOOL WEBSITE, AND IS REFERENCED IN ALL PRINT MEDIA. THE UNIVERSITY ALSO PUBLICIZES ITS NON-DISCRIMINATORY POLICY IN ALL FACULTY AND STAFF JOB ADS. SCHEDULE E, PART I, LINE 6 TO PROVIDE FINANCIAL ASSISTANCE TO OUR STUDENTS, THE UNIVERSITY PARTICIPATES IN THE TITLE IV PROGRAM FOR PELL, DIRECT LENDING, CAMPUS WORK STUDY, AND SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS. THE PERKINS LOAN PROGRAM IS NO LONGER ACTIVE AS THE AUTHORITY FOR SCHOOLS TO MAKE NEW FEDERAL PERKINS LOANS ENDED SEPTEMBER 30, 2017. THE UNIVERSITY CONTINUES TO SERVICE EXISTING PERKINS BALANCES. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS 40535 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 116803 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS 500 NORTH AMERICA 0 0 GRANTS 117208 SOUTH AMERICA 0 0 GRANTS 296250 SOUTH ASIA 0 0 GRANTS 10000 SUB-SAHARAN AFRICA 0 0 GRANTS 2095 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCES 4977 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES 12859 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES CONFERENCES 114683 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCES 2297 NORTH AMERICA 0 1 PROGRAM SERVICES CONFERENCES 39706 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES 12201 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES 16257 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES 6222 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INSTRUCTION 416751 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INSTRUCTION 1429448 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INSTRUCTION 45251 NORTH AMERICA 0 0 PROGRAM SERVICES INSTRUCTION 1958 SOUTH AMERICA 0 0 PROGRAM SERVICES INSTRUCTION 166798 SOUTH ASIA 0 0 PROGRAM SERVICES INSTRUCTION 27395 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INSTRUCTION 11376 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 5550 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 6261 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES PROGRAM DEVELOPMENT 89110 NORTH AMERICA 0 1 PROGRAM SERVICES PROGRAM DEVELOPMENT 4779 SOUTH AMERICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 5711 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 14757 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH 8586 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RESEARCH 16023 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH 3667 NORTH AMERICA 0 5 PROGRAM SERVICES RESEARCH 58728 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 29864 SUB-SAHARAN AFRICA 0 3 PROGRAM SERVICES RESEARCH 13486 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 563084 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 205058 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 31756 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 16916 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 6533 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 19871 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 837978 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 124500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 11799 SOUTH ASIA 0 0 FUNDRAISING 681 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 121122876 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 19543000 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 10964764 0 0 0 14 0 14 588368 156008540 156596908 SOUTH AMERICA RESEARCH 280000 WIRE TRANSFER 0 1 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 7 40535 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 33 116803 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 500 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS NORTH AMERICA 2 10721 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS SOUTH AMERICA 5 16250 ELECTRONIC FUNDS TRANSFER SCHOLARSHIPS SUB-SAHARAN AFRICA 1 1500 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS NORTH AMERICA 17 106487 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS SOUTH ASIA 1 10000 ELECTRONIC FUNDS TRANSFER RESEARCH GRANTS SUB-SAHARAN AFRICA 2 595 ELECTRONIC FUNDS TRANSFER 1 0 1 1 1 0 PART I, LINE 2: RESEARCH GRANT AWARD MONITORING: RECIPIENTS OF RESEARCH GRANT AWARDS ARE INFORMED OF REQUIREMENTS IMPOSED BY PROVISIONS OF GRANT AGREEMENTS, GOVERNING LAWS AND REGULATIONS, AND REQUIREMENTS IMPOSED BY THE UNIVERSITY. THE RECIPIENT'S ACTIVITIES ARE MONITORED BY THE PI (PRINCIPAL INVESTIGATOR) AND EXPENDITURES ARE MONITORED BY THE PI AND GRANT ACCOUNTING TO ENSURE AWARDS ARE USED FOR AUTHORIZED PURPOSES IN COMPLIANCE WITH GRANT AGREEMENTS, LAWS, REGULATIONS, AND REQUIREMENTS OF THE UNIVERSITY. THE PI ENSURES THE RECIPIENT SUBMITS PROGRESS REPORTS, TECHNICAL REPORTS AND OTHER DELIVERABLES TO THE PI BY SPECIFIED DUE DATES. GRANT ACCOUNTING IS RESPONSIBLE FOR TRACKING PAYMENTS MADE TO INDIVIDUALS OR ORGANIZATIONS AND WHERE PAYMENTS ARE SENT WHEN OUTSIDE OF THE US AS REQUIRED BY THE SCHEDULES F AND I - FORM 990. PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES AND GRANTS. X X X X X X 1 TRANSIT AUTHORITY FIGURES INC 38 MAIN STREET NORTHAMPTON MA 01060 DESIGN SERVICES FOR MAILPIECE AND WEBSITE 0 0 170650 -170650 170650 -170650 MA 1 BOSTON UNIVERSITY COMMONWEALTH AVENUE BOSTON MA 02215 042103547 501 (C)(3) 29910 0 RESEARCH/TRAINING UNIVERSITY OF MARYLAND SERVICE BLDG ROOM 1410 COLLEGE PARK MD 20742 521125663 115 72454 0 RESEARCH/TRAINING ICF INTERNATIONAL 9300 LEE HIGHWAY FAIRFAX VA 22031 520893615 43939 0 RESEARCH UNIVERSITY OF MIAMI 1320 S DIXIE HIGHWAY CORAL GABLES FL 33146 590624458 115 19355 0 RESEARCH BOSTON PRIVATE INDUSTRY COUNCIL INC 2 OLIVER STREET BOSTON MA 02109 042676661 501 (C)(3) 160900 0 RESEARCH/TRAINING VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY 300 TURNER STREET NW BLACKSBURG VA 24061 546001805 115 116656 0 RESEARCH SOUTHBRIDGE PUBLIC SCHOOLS 25 COLE AVENUE SOUTHBRIDGE MA 01550 046001306 115 86878 0 RESEARCH UNIVERSITY OF ILLINOIS 1901 S FIRST STREET CHAMPAIGN IL 61820 376000511 115 74093 0 RESEARCH UNIVERSITY OF CONNECTICUT 352 MANSFIELD ROAD STORRS CT 06269 066070722 115 50706 0 RESEARCH PARTNER4WORK 650 SMITHFIELD STREET PITTSBURGH PA 15222 251898851 501 (C)(3) 29275 0 RESEARCH/TRAINING UNIVERSITY OF CALIFORNIA 552 UNIVERSITY ROAD SANTA BARBARA CA 93106 956006145 115 70297 0 RESEARCH CAREERSOURCE TAMPA BAY 4902 EISENHOWER BLVD TAMPA FL 33543 593655316 501 (C)(3) 16287 0 RESEARCH/TRAINING 11 1 SCHOLARSHIPS AND EDUCATIONAL SUPPORT 4255 95208282 0 PART I, LINE 2: RESEARCH GRANT AWARD MONITORING: RECIPIENTS OF RESEARCH GRANT AWARDS ARE INFORMED OF REQUIREMENTS IMPOSED BY PROVISIONS OF GRANT AGREEMENTS, GOVERNING LAWS AND REGULATIONS, AND REQUIREMENTS IMPOSED BY THE UNIVERSITY. THE RECIPIENT'S ACTIVITIES ARE MONITORED BY THE PI (PRINCIPAL INVESTIGATOR) AND EXPENDITURES ARE MONITORED BY THE PI AND GRANT ACCOUNTING TO ENSURE AWARDS ARE USED FOR AUTHORIZED PURPOSES IN COMPLIANCE WITH GRANT AGREEMENTS, LAWS, REGULATIONS, AND REQUIREMENTS OF THE UNIVERSITY. THE PI ENSURES THE RECIPIENT SUBMITS PROGRESS REPORTS, TECHNICAL REPORTS AND OTHER DELIVERABLES TO THE PI BY SPECIFIED DUE DATES. GRANT ACCOUNTING IS RESPONSIBLE FOR TRACKING PAYMENTS MADE TO INDIVIDUALS OR ORGANIZATIONS AND WHERE PAYMENTS ARE SENT WHEN OUTSIDE OF THE US AS REQUIRED BY THE SCHEDULES F AND I - FORM 990. EDUCATIONAL ASSISTANCE: EDUCATIONAL ASSISTANCE IS AWARDED BASED ON FINANCIAL NEED AND MERIT. NEED BASED ASSISTANCE IS AWARDED AFTER REVIEW OF THE STUDENT'S FAFSA, TAX RETURN INFORMATION, W-2 STATEMENTS, AND OTHER RELEVANT FINANCIAL DOCUMENTS. STUDENTS ARE REQUIRED TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS IN ORDER TO CONTINUE TO BE ELIGIBLE FOR NEED BASED ASSISTANCE. STUDENTS' GRADE POINT AVERAGES AND EARNED UNITS ARE REVIEWED EACH ACADEMIC YEAR TO ENSURE SATISFACTORY ACADEMIC PROGRESS IS ACHIEVED. MERIT BASED EDUCATIONAL ASSISTANCE IS AWARDED TO STUDENTS VIA COMMITTEE. STUDENTS WHO ARE AWARDED MERIT BASED ASSISTANCE ARE REQUIRED TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS IN ACCORDANCE WITH THE TERMS OF THE ASSISTANCE RECEIVED. NEED AND MERIT BASED EDUCATIONAL ASSISTANCE ARE FUNDED DIRECTLY TO THE STUDENT'S ACCOUNTS RECEIVABLE BALANCE TO OFFSET TUITION, FEES, AND ROOM AND BOARD. ANY RESULTING REFUNDS ARE ISSUED TO THE STUDENT. STUDENTS ARE GRANTED RESEARCH AWARDS BY THEIR ACADEMIC DEPARTMENTS AND WORK WITH FACULTY ADVISORS WHO MONITOR THE RESEARCH PERFORMED BY THE STUDENT. ACCOUNTING METHOD: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES AND GRANTS. X X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DAVID FITHIAN PRESIDENT 817305 0 0 0 9181 0 34500 0 72642 0 933628 0 0 0 SEBASTIAN ROYO PROVOST(THRU 08/2024)/PROFESSOR 361801 0 0 0 0 0 34500 0 38636 0 434937 0 0 0 DANIELLE MANNING EVP & TREASURER (THRU 04/2025) 369581 0 0 0 0 0 34500 0 17207 0 421288 0 0 0 JOE MANOK VICE PRESIDENT UNIV. ADVANCEMENT 325582 0 0 0 0 0 33990 0 33042 0 392614 0 0 0 ALAN EISNER PROFESSOR 339589 0 0 0 0 0 34500 0 5287 0 379376 0 0 0 KENDALL ISAAC VP, GEN COUNSEL & SEC. (THRU 09/24) 262842 0 0 0 58350 0 23885 0 25805 0 370882 0 0 0 JOHN LABRIE ASSOC PROVOST/DEAN OF PROF STUDIES 293053 0 0 0 0 0 31000 0 38636 0 362689 0 0 0 ROBERT JOHNSTON PROFESSOR 280452 0 0 0 0 0 28777 0 27144 0 336373 0 0 0 JILL FRIEDMAN VP MARKETING & COMMUNICATIONS 288959 0 0 0 0 0 29217 0 15026 0 333202 0 0 0 DAVID CHEARO VP PLANNING & CHIEF OF STAFF 260681 0 0 0 0 0 27500 0 33042 0 321223 0 0 0 NADIA WARD DIRECTOR MOSAKOWSKI INSTITUTE 268065 0 0 0 0 0 27053 0 13026 0 308144 0 0 0 DAVID JORDAN DEAN OF SCHOOL OF BUSINESS 289443 0 0 0 0 0 0 0 580 0 290023 0 0 0 JOSEPH CORAZZINI VP GOVT & COMM AFFAIRS 223432 0 0 0 0 0 23340 0 28700 0 275472 0 0 0 MARGO FOREMAN VP & CHIEF DIVERSITY OFFICER 225928 0 0 0 0 0 22952 0 15207 0 264087 0 0 0 JOHN MAGEE INT PROV/PROVOST (AS OF 02/2025) 223135 0 0 0 0 0 21880 0 500 0 245515 0 0 0 ANNE RANDALL CONTROLLER AND ASST TREASURER 176544 0 0 0 0 0 17500 0 507 0 194551 0 0 0 YUKO AOYAMA ASSOC PROVOST/DEAN OF RESEARCH 140415 0 0 0 0 0 14118 0 10715 0 165248 0 0 0 MATTHEW MALSKY PROGRAM DIR. MCA SUPPLEMENT 144548 0 0 0 0 0 14276 0 399 0 159223 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE AND PERSONAL SERVICES: THE PRESIDENT IS REQUIRED TO LIVE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE FAIR MARKET VALUE OF THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT IN THE PRESIDENT'S COMPENSATION. THE VALUE OF ANY CLEANING SERVICES IS INCLUDED IN TAXABLE EARNINGS. GROSS-UP PAYMENTS: THE UNIVERSITY PAID PREMIUMS ON THE PRESIDENT'S LIFE INSURANCE POLICY, THE VALUE OF WHICH WAS GROSSED UP AND INCLUDED IN TAXABLE INCOME. SOCIAL CLUB MEMBERSHIPS: TWO SENIOR STAFF MEMBERS WERE PROVIDED SOCIAL CLUB MEMBERSHIPS FOR THE PURPOSE OF UNIVERSITY ENTERTAINING. THE COST OF THE MEMBERSHIPS WAS NOT INCLUDED IN TAXABLE INCOME. PART I, LINE 3 THE UNIVERSITY'S BOARD OF TRUSTEES HAS FORMED AN EXECUTIVE COMPENSATION COMMITTEE WHICH IS CHARGED WITH ESTABLISHING THE PRESIDENT'S COMPENSATION AND APPROVING THE PRESIDENT'S WRITTEN EMPLOYMENT CONTRACT. THE COMMITTEE ENGAGES INDEPENDENT COMPENSATION CONSULTANTS AND REVIEWS COMPARABLE INDUSTRY DATA WHEN DETERMINING THE PRESIDENT'S COMPENSATION. THE EXECUTIVE COMPENSATION COMMITTEE EVALUATES THE PRESIDENT'S COMPENSATION ANNUALLY BASED ON THE TERMS OF HIS EMPLOYMENT CONTRACT, DOCUMENTING THEIR DELIBERATIONS AND THE RESULTING APPROVAL. PART I, LINE 4A ONE LISTED INDIVIDUAL SEPARATED FROM THE UNIVERSITY DURING CALENDAR YEAR 2024. PURSUANT TO THEIR AGREEMENT, THIS INDIVIDUAL RECEIVED SEVERANCE IN CALENDAR YEAR 2024. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III). ALYSSA SPENCER TRUSTEE DAUGHTER 47147 COMP. 0 X 20 4228291 FMV 0 0 1 1 PART I, COLUMN (B): CLARK UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). PART I, LINE 32B: WHEN THE UNIVERSITY RECEIVES NONCASH CONTRIBUTIONS OF SIGNIFICANT VALUE, CLARK ENGAGES OUTSIDE APPRAISERS TO DETERMINE THE VALUE AND WORKS WITH OTHER THIRD PARTIES AS NEEDED TO SELL NONCASH CONTRIBUTIONS. FORM 990, PART III, LINE 1 THE UNIVERSITY SEEKS TO PREPARE STUDENTS TO MEET THE CHALLENGES OF A COMPLEX AND RAPIDLY CHANGING SOCIETY. IN STUDENTS AND FACULTY, CLARK FOSTERS A COMMITMENT TO EXCELLENCE IN STUDYING TRADITIONAL ACADEMIC DISCIPLINES, AS WELL AS INNOVATION IN EXPLORING QUESTIONS THAT CROSS DISCIPLINARY BOUNDARIES. THE FREE PURSUIT OF INQUIRY AND THE FREE EXCHANGE OF IDEAS ARE CENTRAL TO THAT COMMITMENT. THE FOCUS OF CLARK'S ACADEMIC PROGRAM IS A LIBERAL-ARTS EDUCATION ENRICHED BY INTERACTIONS AMONG UNDERGRADUATE STUDENTS, GRADUATE STUDENTS, AND FACULTY, AND IS CLOSELY LINKED TO A SELECT NUMBER OF PROFESSIONAL PROGRAMS. CLARK ALSO SERVES STUDENTS WHO WISH TO CONTINUE FORMAL EDUCATION THROUGHOUT THEIR LIVES. THE INTELLECTUAL AND PERSONAL GROWTH OF STUDENTS IS ENHANCED BY A WIDE VARIETY OF EDUCATIONAL PROGRAMS AND EXTRACURRICULAR ACTIVITIES. CLARK BELIEVES THAT INTELLECTUAL GROWTH MUST BE ACCOMPANIED BY THE DEVELOPMENT OF VALUES, THE CULTIVATION OF RESPONSIBLE INDEPENDENCE, AND THE APPRECIATION OF A RANGE OF PERSPECTIVES. CLARK'S ACADEMIC COMMUNITY HAS LONG BEEN DISTINGUISHED BY THE PURSUIT OF SCIENTIFIC INQUIRY AND HUMANISTIC STUDIES, ENLIVENED BY A CONCERN FOR SIGNIFICANT SOCIAL ISSUES. AMONG MANY OTHER SCHOLARLY ENDEAVORS, CLARK CONTRIBUTES TO UNDERSTANDING HUMAN DEVELOPMENT, ASSESSING RELATIONSHIPS BETWEEN PEOPLE AND THE ENVIRONMENT, AND MANAGING RISK IN A TECHNOLOGICAL SOCIETY. CLARK IS DEDICATED TO BEING A DYNAMIC COMMUNITY OF LEARNERS ABLE TO THRIVE IN TODAY'S INCREASINGLY INTERRELATED SOCIETIES. THE UNIVERSITY MAINTAINS A NATIONAL AND INTERNATIONAL CHARACTER, ATTRACTING HIGH-CALIBER STUDENTS AND FACULTY FROM ALL QUARTERS OF THE GLOBE. AS A UNIVERSITY RESIDING IN AN URBAN CONTEXT, CLARK ALSO STRIVES TO ADDRESS THE NEEDS AND OPPORTUNITIES OF CONTEMPORARY URBAN LIFE. CLARK'S INTIMATE ACADEMIC SETTING AND TRADITION OF ELBOW TEACHING PROVIDE MANY OPPORTUNITIES FOR STUDENTS TO PURSUE KNOWLEDGE THROUGH PARTICIPATION. HIGH EXPECTATIONS, AS WELL AS EASY ACCESS TO THE SCHOLAR-TEACHER FACULTY, ENCOURAGE STUDENTS TO BECOME AUTONOMOUS LEARNERS. CLARK'S INTERNATIONAL AND INTERDISCIPLINARY ORIENTATION IS COMBINED WITH A TRADITION OF STRONG SELF-DIRECTION AMONG STUDENTS AND FACULTY. THESE ATTRIBUTES ENHANCE THE UNIVERSITY'S ABILITY TO CONTRIBUTE TO THE DEVELOPMENT OF NEW MODES OF THOUGHT AND TO THE ADVANCEMENT OF SOCIETY THROUGH THE CREATION AND TRANSMISSION OF KNOWLEDGE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND STRATEGIC RISK COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 AND AUTHORIZES CIRCULATION TO THE FULL BOARD OF TRUSTEES FOR ADDITIONAL REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, SENIOR ADMINISTRATOR, AND FACULTY MEMBER IS REQUIRED TO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM. FACULTY FORMS ARE REVIEWED BY THE GRANTS OFFICE WITHIN THE OFFICE OF ACADEMIC AFFAIRS. TRUSTEES AND SENIOR ADMINISTRATORS' DISCLOSURES ARE REVIEWED BY THE SECRETARY OF THE CORPORATION AND THE EXECUTIVE VICE PRESIDENT, WHO IS ALSO THE TREASURER OF THE BOARD OF TRUSTEES. IF A POTENTIAL CONFLICT ARISES, THE CHAIR OF THE AUDIT AND STRATEGIC RISK COMMITTEE WILL MEET WITH THE MEMBERS OF THE AUDIT AND STRATEGIC RISK COMMITTEE TO REVIEW THE POTENTIAL CONFLICT AND, IN CONSULTATION WITH THE BOARD CHAIR, MAKE A DETERMINATION ON WHAT, IF ANY, ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE UNIVERSITY'S PRESIDENT, OTHER OFFICERS AND KEY EMPLOYEES IS BASED UPON THE REBUTTABLE PRESUMPTION THAT A TRANSACTION IS NOT AN EXCESS BENEFIT TRANSACTION, TO ESTABLISH THE PRESUMPTION OF REASONABLE COMPENSATION. THE UNIVERSITY'S BOARD OF TRUSTEES HAS FORMED AN EXECUTIVE COMPENSATION COMMITTEE WHICH IS CHARGED WITH ESTABLISHING THE PRESIDENT'S COMPENSATION AND APPROVING THE PRESIDENT'S WRITTEN EMPLOYMENT CONTRACT. THE COMMITTEE ENGAGES INDEPENDENT COMPENSATION CONSULTANTS AND REVIEWS COMPARABLE INDUSTRY DATA WHEN DETERMINING THE PRESIDENT'S COMPENSATION. BENEFITS AND COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BASED ON BENCHMARKING TOTAL COMPENSATION AT COMPARABLE INSTITUTIONS USING INPUT FROM SEARCH FIRMS AND OTHER EXTERNAL RESOURCES AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 CLARK UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS ARE ALL CONSIDERED PUBLIC DOCUMENTS. THE GOVERNING DOCUMENTS, INCLUDING THE PROVISIONS OF JONAS CLARK'S WILL, THE BY-LAWS OF THE UNIVERSITY AND THE ARTICLES OF INCORPORATION ARE AVAILABLE FOR VIEWING IN GODDARD LIBRARY AND ARE ALSO PUBLICLY AVAILABLE AS A RESULT OF SEVERAL PUBLIC DEBT ISSUANCES THROUGH THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA). FINANCIAL STATEMENTS ARE SIMILARLY AVAILABLE AND ARE ALSO POSTED ON THE UNIVERSITY'S WEBSITE AND THROUGH GUIDESTAR. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST FROM THE BOARD OF TRUSTEES AND THE OFFICE OF SPONSORED PROGRAMS AND RESEARCH. FORM 990, PART VII, SECTION A, LINE 1A: MATTHEW MALSKY IS LISTED AS A FORMER KEY EMPLOYEE AS HE NO LONGER HOLDS THE POSITION THAT DESIGNATED HIM AS A KEY EMPLOYEE IN PRIOR YEARS. HE IS, HOWEVER, STILL EMPLOYED BY THE UNIVERSITY AS FACULTY. YUKO AOYAMA IS LISTED AS FORMER DUE TO A CHANGE IN THE CRITERIA FOR KEY EMPLOYEES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN OUTSIDE TRUST 207,072. CHANGE IN POST-RETIREMENT HEALTH OBLIGATION 29,235. STUDENT LOAN ACTIVITY - NET -8,015. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -632,561. JONAS REALTY CORP 950 MAIN STREET WORCESTER MA 01610 475234687 CEASED OPERATIONS MA 501(C)(3) LINE 11 TRUSTEES OF CLARK UNIVERSITY 1 CHARITABLE REMAINDER TRUST (18) 950 MAIN STREET WORCESTER MA 01610 CHARITABLE TRUST MA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0