Form 990 for tax year 2022
Filed by THE BOSTON CONSORTIUM FOR HIGHER EDUCATION INC.
Totals
- Total revenue
- $2,823,432
- Total expenses
- $2,938,857
- Contributions and grants received
- $1,355,000
- Grants paid
- $0
- Program service revenue
- $1,457,201
- Investment income
- $11,231
- Other revenue
- $0
- Total assets, end of year
- $2,119,448
- Total liabilities, end of year
- $498,763
- Net assets or fund balances, end of year
- $1,620,685
- Program services expenses (Part IX)
- $2,168,193
- Management and general expenses
- $770,664
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,168,193
Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$620,000
-
1f · All other contributions, gifts and grants
$735,000
-
2a · Program service revenue: SHARED INTERNAL AUDIT
total $810,300 · related or exempt $810,300
-
2b · Program service revenue: SHARED RISK MANAGEMENT
total $310,000 · related or exempt $310,000
-
2c · Program service revenue: OTHER
total $171,901 · related or exempt $171,901
-
2d · Program service revenue: INSURANCE CAPTIVE
total $165,000 · related or exempt $165,000
-
3 · Investment income
total $11,231 · excluded $11,231
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $637,090 · program services $366,876 · management and general $270,214
-
7 · Other salaries and wages
total $658,039 · program services $466,234 · management and general $191,805
-
8 · Pension plan contributions
total $126,733 · program services $82,376 · management and general $44,357
-
9 · Other employee benefits
total $65,258 · program services $65,258
-
10 · Payroll taxes
total $84,913 · program services $55,193 · management and general $29,720
-
11b · Fees: legal
total $151,022 · program services $147,897 · management and general $3,125
-
11g · Fees: other
total $868,261 · program services $820,050 · management and general $48,211
-
13 · Office expenses
total $11,056 · program services $4,059 · management and general $6,997
-
14 · Information technology
total $60,283 · program services $46,107 · management and general $14,176
-
16 · Occupancy
total $76,140 · program services $47,413 · management and general $28,727
-
17 · Travel
total $14,471 · program services $9,736 · management and general $4,735
-
19 · Conferences, conventions and meetings
total $35,896 · program services $32,221 · management and general $3,675
-
22 · Depreciation, depletion and amortization
total $6,736 · management and general $6,736
-
23 · Insurance
total $33,538 · program services $3,443 · management and general $30,095
-
24a · Other expenses: FINANCIAL SERVICES
total $62,590 · management and general $62,590
-
24b · Other expenses: WEBSITE COSTS
total $21,692 · program services $16,370 · management and general $5,322
-
24c · Other expenses: BANK AND PAYROLL FEES
total $13,661 · management and general $13,661
-
24d · Other expenses: TELEPHONE
total $11,187 · program services $4,861 · management and general $6,326
-
24e · All other expenses
total $291 · program services $99 · management and general $192
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23 · end of year $23
-
2 · Savings and temporary cash investments
beginning of year $2,396,856 · end of year $1,852,319
-
4 · Accounts receivable
beginning of year $2,500 · end of year $14,200
-
9 · Prepaid expenses and deferred charges
beginning of year $65,403 · end of year $92,163
-
10a · Land, buildings and equipment: cost or other basis
$80,813
-
10b · Land, buildings and equipment: accumulated depreciation
$71,606
-
10c · Land, buildings and equipment, net
beginning of year $15,943 · end of year $9,207
-
15 · Other assets
beginning of year $213,474 · end of year $151,536
-
17 · Accounts payable and accrued expenses
beginning of year $142,782 · end of year $219,190
-
19 · Deferred revenue
beginning of year $588,803 · end of year $116,142
-
25 · Other liabilities
beginning of year $226,504 · end of year $163,431
-
27 · Net assets without donor restrictions
beginning of year $1,736,110 · end of year $1,620,685
Mission and programs · 2022
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.
Activities or mission (Part I)
IMPROVING THE PROFESSIONAL SKILLS OF COLLEGE OPERATIONAL ADMINISTATORS AND ACT AS A VEHICLE FOR COLLABORATIVE EFFORTS AT REDUCING OPERATIONAL COSTS.
-
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.
Expenses $1,326,150 · Revenue $1,292,201
-
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.
Expenses $842,043 · Revenue $165,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Katherine KennedyKATHERINE KENNEDY
EXECUTIVE DI
- Total calculated
- $291,196
- From this org
- $256,065
- From related orgs
- $0
- Other
- $35,131
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,065
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,164
- Nontaxable benefits
- $8,967
- Filer's total
- $291,196
-
Samantha SpezeskiSAMANTHA SPEZESKI
DIRECTOR OF
- Total calculated
- $214,547
- From this org
- $194,458
- From related orgs
- $0
- Other
- $20,089
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,458
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,420
- Nontaxable benefits
- $669
- Filer's total
- $214,547
-
Susan FletcherSUSAN FLETCHER
DIRECTOR OF
- Total calculated
- $188,693
- From this org
- $171,018
- From related orgs
- $0
- Other
- $17,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,018
- Bonus
- not reported
- Other
- not reported
- Deferred
- $17,068
- Nontaxable benefits
- $607
- Filer's total
- $188,693
-
Jessica SmithJESSICA SMITH
DIRECTOR OF
- Total calculated
- $136,716
- From this org
- $115,759
- From related orgs
- $0
- Other
- $20,957
- Hours/week
- 40
-
John BurkeJOHN BURKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
John CaseJOHN CASE
DIRECTOR 7/2
- Total calculated
- $0
- Hours/week
- 0.5
-
Katherine CravenKATHERINE CRAVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul DworkisPAUL DWORKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas DwyerTHOMAS DWYER
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stefano FalconiSTEFANO FALCONI
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 0.5
-
Maureen ForresterMAUREEN FORRESTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Donna GolemmeDONNA GOLEMME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Katie HammerKATIE HAMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dorothy HauverDOROTHY HAUVER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas HollisterTHOMAS HOLLISTER
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 0.5
-
James HurleyJAMES HURLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ritu KalraRITU KALRA
DIRECTOR 7/2
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew MaylorANDREW MAYLOR
DIRECTOR 1/2
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim McGillJIM MCGILL
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas NedellTHOMAS NEDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary NicksaGARY NICKSA
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 0.5
-
Piper OrtonPIPER ORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Derek PintoDEREK PINTO
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle QuinlanMICHELLE QUINLAN
DIRECTOR 7/2
- Total calculated
- $0
- Hours/week
- 0.5
-
David RosatiDAVID ROSATI
DIRECTOR 7/2
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura SanderLAURA SANDER
TREASURER TH
- Total calculated
- $0
- Hours/week
- 0.5
-
Samuel SolomonSAMUEL SOLOMON
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Roger StackpooleROGER STACKPOOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael ThomasMICHAEL THOMAS
DIRECTOR 3/2
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicole TirellaNICOLE TIRELLA
DIRECTOR 1/2
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael WhiteMICHAEL WHITE
OFFICER AT L
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431279349302693
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