Skip to content
Nonprofiteer
← MERRIMACK COLLEGE

Form 990 for tax year 2022

Filed by MERRIMACK COLLEGE.

Totals

Total revenue
$291,242,191
Total expenses
$278,514,238
Contributions and grants received
$13,019,435
Grants paid
$111,425,791
Program service revenue
$270,164,815
Investment income
$2,909,235
Other revenue
$5,148,706
Total assets, end of year
$380,055,246
Total liabilities, end of year
$191,994,601
Net assets or fund balances, end of year
$188,060,645
Program services expenses (Part IX)
$254,301,882
Management and general expenses
$21,200,741
Fundraising expenses
$3,011,615
Program service expenses (Part III)
$254,301,882

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTOPHER E HOPEY PHD

    PRESIDENT

    Total calculated
    $1,275,519
    From this org
    $1,130,736
    From related orgs
    $0
    Other
    $144,783
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $743,000
    Bonus
    $149,000
    Other
    $238,736
    Deferred
    $109,258
    Nontaxable benefits
    $35,525
    Filer's total
    $1,275,519

  • JOHN T BOYCE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN LUCEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • REV DAVID A CREGAN OSA PHD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARYBETH MCINNIS ESQ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KAREN J CAMBRAY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOANNE BENTLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRUCE BOUCHARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER CAULO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALVIN M CHAPITAL III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV FRANCIS J HORN OSA JCD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENNIS LEONARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL MUCCI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV ARTHUR PURCARO OSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN RHODES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN ROUTHIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICK J SULLIVAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES E SCAMMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARQUES TORBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VERY REV ROBERT HAGAN OSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL P ARCIDI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW CARPENTER-DENNIS ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LYNNE CHASE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS DUANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV KEVIN DEPRINZIO OSA PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL J FRANCO ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY DOGGETT EDD

    EVP/CFO & COO

    Total calculated
    $715,652
    From this org
    $633,550
    From related orgs
    $0
    Other
    $82,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $555,550
    Bonus
    $70,000
    Other
    $8,000
    Deferred
    $49,427
    Nontaxable benefits
    $32,675
    Filer's total
    $715,652

  • NICHOLAS MCDONALD ESQ

    SECRETARY/VP/GENERAL COUNSEL

    Total calculated
    $335,713
    From this org
    $312,550
    From related orgs
    $0
    Other
    $23,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,500
    Bonus
    $39,750
    Other
    $300
    Deferred
    $23,163
    Nontaxable benefits
    $0
    Filer's total
    $335,713

  • CAITLYN BOSWORTH

    ACTING/ASST SECRETARY (EFF JUNE 23)

    Total calculated
    $189,431
    From this org
    $146,913
    From related orgs
    $0
    Other
    $42,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,666
    Bonus
    $15,000
    Other
    $247
    Deferred
    $10,576
    Nontaxable benefits
    $31,942
    Filer's total
    $189,431

  • JOHN CONDON PHD

    VP, ACADEMIC AFFAIRS & PROVOST

    Total calculated
    $376,020
    From this org
    $320,516
    From related orgs
    $0
    Other
    $55,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,048
    Bonus
    $40,778
    Other
    $12,690
    Deferred
    $23,666
    Nontaxable benefits
    $31,838
    Filer's total
    $376,020

  • LEILA C RICE

    VP, DEVELOPMENT & ALUMNI RELATIONS

    Total calculated
    $391,271
    From this org
    $335,013
    From related orgs
    $0
    Other
    $56,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,973
    Bonus
    $52,750
    Other
    $1,290
    Deferred
    $24,588
    Nontaxable benefits
    $31,670
    Filer's total
    $391,271

  • ANDREW MAYLOR

    VP & CHIEF BUSINESS OFFICER

    Total calculated
    $343,411
    From this org
    $293,064
    From related orgs
    $0
    Other
    $50,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,828
    Bonus
    $0
    Other
    $127,236
    Deferred
    $5,531
    Nontaxable benefits
    $44,816
    Filer's total
    $343,411

  • JEREMY GIBSON

    DIRECTOR OF ATHLETICS

    Total calculated
    $356,113
    From this org
    $300,833
    From related orgs
    $0
    Other
    $55,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,776
    Bonus
    $21,920
    Other
    $7,137
    Deferred
    $23,756
    Nontaxable benefits
    $31,524
    Filer's total
    $356,113

  • PATRICIA A SENDALL

    PROFESSOR EMERITA

    Total calculated
    $346,722
    From this org
    $309,510
    From related orgs
    $0
    Other
    $37,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,312
    Bonus
    $0
    Other
    $192,198
    Deferred
    $10,239
    Nontaxable benefits
    $26,973
    Filer's total
    $346,722

  • NAIRA CAMPBELL-KYUREGHYAN

    PROFESSOR

    Total calculated
    $331,664
    From this org
    $298,510
    From related orgs
    $0
    Other
    $33,154
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,400
    Bonus
    $0
    Other
    $188,110
    Deferred
    $9,754
    Nontaxable benefits
    $23,400
    Filer's total
    $331,664

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT AND THE EXECUTIVE VICE PRESIDENT MAY UTILIZE FIRST CLASS TRAVEL AND TRAVEL WITH COMPANIONS UNDER THE TERMS OF THEIR RESPECTIVE EMPLOYMENT CONTRACTS. SOCIAL CLUB DUES WERE PAID FOR ON BEHALF OF THE PRESIDENT, EXECUTIVE VICE PRESIDENT, AND DIRECTOR OF ATHLETICS. THIS EXPENSE WAS INCURRED PRIMARILY FOR BUSINESS PURPOSES; ANY PERSONAL USE WAS TREATED AS TAXABLE INCOME. THE VP & CHIEF BUSINESS OFFICER RESIDED IN A COLLEGE-OWNED HOUSE IN CALENDAR YEAR 2022, FROM JANUARY THROUGH JUNE. THE FAIR MARKET VALUE RENTAL VALUE WAS TREATED AS A NON-TAXABLE BENEFIT AND WAS INCLUDED IN SCHEDULE J, PART II, COLUMN D.
PART I, LINES 4A-B
SCHEDULE J, PART I, LINE 4A SEVERANCE ARRANGEMENT THE PRESIDENT'S EMPLOYMENT CONTRACT INCLUDES A SEVERANCE PROVISION THAT PROVIDES UP TO TWELVE MONTHS OF SALARY. NO AMOUNTS WERE PAID UNDER THIS PROVISION DURING THE CURRENT YEAR. THE EXECUTIVE VICE PRESIDENT'S EMPLOYMENT CONTRACT INCLUDES A SEVERANCE PROVISION THAT PROVIDES NINE MONTHS OF BASE SALARY. NO AMOUNTS WERE PAID UNDER THIS PROVISION DURING THE CURRENT YEAR. SEVERANCE PAYMENTS WERE MADE IN CALENDAR YEAR 2022 TO FORMER EMPLOYEES IN THE AMOUNT OF $505,137. SCHEDULE J, PART I, LINE 4B DEFERRED COMPENSATION PRESIDENT HOPEY PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER INTERNAL REVENUE CODE SECTION 457(F). PROVIDED PRESIDENT HOPEY IS EMPLOYED BY THE COLLEGE, THE COLLEGE WILL CREDIT A DEFERRED COMPENSATION ACCOUNT EACH FISCAL YEAR. THE COLLEGE CREDITED $83,333 TO PRESIDENT HOPEY'S DEFERRED COMPENSATION ACCOUNT IN CALENDAR YEAR 2022 WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN C. THE EXECUTIVE VICE PRESIDENT PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER INTERNAL REVENUE CODE SECTION 457(F). PROVIDED THE EXECUTIVE VICE PRESIDENT IS EMPLOYED BY THE COLLEGE, THE COLLEGE WILL CREDIT A DEFERRED COMPENSATION ACCOUNT EACH FISCAL YEAR. THE COLLEGE CREDITED $23,077 TO THE EXECUTIVE VICE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT IN CALENDAR YEAR 2022 WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN C.
PART I, LINE 7
MEMBERS OF THE SENIOR LEADERSHIP TEAM TYPICALLY RECEIVE AN ANNUAL BONUS. EACH MEMBER COMPLETES A SELF-EVALUATION, MEETS WITH THEIR SUPERVISOR TO REVIEW PRIOR YEAR GOALS AND SET CURRENT YEAR GOALS. WHEN APPLICABLE, THE BONUSES ARE PROVIDED AT THE DISCRETION OF THE PRESIDENT AND THE VICE PRESIDENTS. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE BONUSES OF MEMBERS OF THE EXECUTIVE LEADERSHIP TEAM.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MERRIMACK METEOR INVESTMENT LLC

    INVESTMENT · DE · income $127,513 · assets $5,332,691

    Directly controlled by MERRIMACK COLLEGE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    MA · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202441249349301644

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.