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Nonprofiteer
← ENDICOTT COLLEGE

Form 990 for tax year 2023

Filed by ENDICOTT COLLEGE.

Totals

Total revenue
$212,397,622
Total expenses
$197,361,761
Contributions and grants received
$4,601,983
Grants paid
$49,116,064
Program service revenue
$203,290,875
Investment income
$3,889,498
Other revenue
$615,266
Total assets, end of year
$535,358,364
Total liabilities, end of year
$141,805,655
Net assets or fund balances, end of year
$393,552,709
Program services expenses (Part IX)
$174,667,722
Management and general expenses
$20,227,506
Fundraising expenses
$2,466,533
Program service expenses (Part III)
$174,667,722

Program services were 88.5% 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.

  • 1c · Fundraising events

    $111,056

  • 1e · Government grants (contributions)

    $1,134,290

  • 1f · All other contributions, gifts and grants

    $3,356,637

  • 1g · Noncash contributions included above

    $199,713

  • 2a · Program service revenue: TUITION AND FEES

    total $141,012,222 · related or exempt $141,012,222

  • 2b · Program service revenue: RESIDENCE AND DINING

    total $47,064,789 · related or exempt $47,064,789

  • 2c · Program service revenue: CONFERENCE/EDUC/AUX. SERVICES

    total $11,304,227 · related or exempt $779,866 · unrelated business $10,524,361

  • 2d · Program service revenue: PARKING FINES

    total $659,069 · related or exempt $659,069

  • 2e · Program service revenue: NURSING SCHOOL REVENUE

    total $500,000 · related or exempt $500,000

  • 2f · All other program service revenue

    total $2,750,568 · related or exempt $2,750,568

  • 3 · Investment income

    total $2,651,185 · unrelated business $19,621 · excluded $2,631,564

  • 7a · Gross sales of assets other than inventory

    securities $47,657,629

  • 7b · Less cost or other basis and sales expenses

    securities $46,419,316

  • 7c · Gain or loss

    securities $1,238,313

  • 7d · Net gain or loss

    total $1,238,313 · excluded $1,238,313

  • 8a · Fundraising events: gross income

    $100,058

  • 8a · Fundraising events: contributions included on line 1c

    $111,056

  • 8b · Fundraising events: direct expenses

    $192,985

  • 8c · Net income from fundraising events

    total -$92,927 · excluded -$92,927

  • 11a · Other revenue: BOOKSTORE COMMISSIONS

    total $375,269 · related or exempt $375,269

  • 11b · Other revenue: PRIOR DEFERRED REVENUE

    total $219,997 · related or exempt $219,997

  • 11d · All other revenue

    total $112,927 · related or exempt $112,927

  • 11e · Other revenue, total

    $708,193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $166,667 · program services $166,667

  • 2 · Grants to domestic individuals

    total $48,949,397 · program services $48,949,397

  • 5 · Compensation of officers, directors and key employees

    total $2,214,123 · program services $755,487 · management and general $1,362,345 · fundraising $96,291

  • 6 · Compensation of disqualified persons

    total $168,753 · program services $168,753

  • 7 · Other salaries and wages

    total $62,280,487 · program services $55,289,033 · management and general $5,780,002 · fundraising $1,211,452

  • 8 · Pension plan contributions

    total $3,555,206 · program services $3,156,108 · management and general $329,944 · fundraising $69,154

  • 9 · Other employee benefits

    total $10,158,699 · program services $9,018,309 · management and general $987,130 · fundraising $153,260

  • 10 · Payroll taxes

    total $4,665,081 · program services $4,141,391 · management and general $432,947 · fundraising $90,743

  • 11b · Fees: legal

    total $355,005 · management and general $355,005

  • 11c · Fees: accounting

    total $160,998 · program services $31,849 · management and general $129,149

  • 11f · Fees: investment management

    total $592,744 · management and general $592,744

  • 11g · Fees: other

    total $7,622,359 · program services $6,499,322 · management and general $1,123,037

  • 12 · Advertising and promotion

    total $750,817 · program services $358,639 · management and general $392,178

  • 13 · Office expenses

    total $4,836,682 · program services $3,819,506 · management and general $284,110 · fundraising $733,066

  • 14 · Information technology

    total $633,887 · program services $42,092 · management and general $591,795

  • 16 · Occupancy

    total $4,956,083 · program services $4,662,912 · management and general $227,542 · fundraising $65,629

  • 17 · Travel

    total $6,454,987 · program services $5,923,616 · management and general $531,371

  • 20 · Interest

    total $3,374,435 · program services $3,174,331 · management and general $188,098 · fundraising $12,006

  • 22 · Depreciation, depletion and amortization

    total $9,817,993 · program services $9,235,786 · management and general $547,275 · fundraising $34,932

  • 23 · Insurance

    total $2,781,328 · program services $2,624,336 · management and general $156,992

  • 24a · Other expenses: FOOD SERVICE

    total $10,440,487 · program services $10,087,214 · management and general $353,273

  • 24b · Other expenses: SERVICE/SUPP. CONTRACTS

    total $8,524,521 · program services $4,728,639 · management and general $3,795,882

  • 24c · Other expenses: PRINTING/PUBLICATIONS

    total $478,508 · program services $335,623 · management and general $142,885

  • 24e · All other expenses

    total $3,422,514 · program services $1,498,712 · management and general $1,923,802

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,027,033 · end of year $23,127,013

  • 3 · Pledges and grants receivable

    beginning of year $3,748,182 · end of year $3,546,986

  • 4 · Accounts receivable

    beginning of year $5,424,222 · end of year $6,639,749

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,354,503 · end of year $1,354,503

  • 10a · Land, buildings and equipment: cost or other basis

    $474,850,318

  • 10b · Land, buildings and equipment: accumulated depreciation

    $128,456,194

  • 10c · Land, buildings and equipment, net

    beginning of year $318,058,400 · end of year $346,394,124

  • 11 · Investments: publicly traded securities

    beginning of year $120,911,013 · end of year $112,582,047

  • 12 · Investments: other securities

    beginning of year $34,478,405 · end of year $39,607,453

  • 15 · Other assets

    beginning of year $68,375 · end of year $2,106,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,805,387 · end of year $12,842,238

  • 19 · Deferred revenue

    beginning of year $10,812,760 · end of year $12,280,887

  • 20 · Tax-exempt bond liabilities

    beginning of year $70,947,422 · end of year $60,899,120

  • 23 · Secured mortgages and notes payable

    beginning of year $46,673,204 · end of year $53,465,421

  • 25 · Other liabilities

    beginning of year $2,954,149 · end of year $2,317,989

  • 27 · Net assets without donor restrictions

    beginning of year $340,696,274 · end of year $366,046,560

  • 28 · Net assets with donor restrictions

    beginning of year $24,180,937 · end of year $27,506,149

Mission and programs · 2023

Mission

ENDICOTT COLLEGE OFFERS STUDENTS A VIBRANT ACADEMIC ENVIRONMENT THAT REMAINS TRUE TO ITS FOUNDING PRINCIPLE OF INTEGRATING PROFESSIONAL AND LIBERAL ARTS WITH EXPERIENTIAL LEARNING. FOR MORE INFORMATION SEE SCHEDULE O.

Activities or mission (Part I)

UNDERGRADUATE AND GRADUATE EDUCATION. (SEE SCHEDULE O)ENDICOTT INTEGRATES PROFESSIONAL AND LIBERAL ARTS WITH EXPERIENTIAL LEARNING INCLUDING INTERNSHIPS.

  • *EDUCATION AND AUXILIARY* SEE SCHEDULE O. *EDUCATION AND AUXILIARY*ENDICOTT'S UNDERGRADUATE COLLEGE OFFERS BACHELOR OF FINE ARTS, BACHELOR OF ART, AND BACHELOR OF SCIENCE DEGREES. TRADITIONAL UNDERGRADUATE ENROLLMENT FOR FALL 2023 WAS 3,088 STUDENTS. ENDICOTT'S GRADUATE AND VAN LOAN PROFESSIONAL STUDIES PROGRAMS GRANT ASSOCIATE IN ARTS, ASSOCIATE IN SCIENCE, BACHELOR OF ARTS, BACHELOR OF SCIENCE, MASTER OF ARTS, MASTER OF EDUCATION, MASTER OF SCIENCE, MASTER OF BUSINESS ADMINISTRATION, DOCTOR OF EDUCATION, DOCTOR OF NURSING PRACTICE, AND DOCTOR OF PHILOSOPHY DEGREES. ENROLLMENT IN THE GRADUATE AND VAN LOAN PROFESSIONAL STUDIES PROGRAMS WAS 1,302 STUDENTS AS OF FALL 2023, INCLUDING PROGRAMS IN BEVERLY, MASSACHUSETTS, MADRID, SPAIN, AND ONLINE. ENDICOTT COLLEGE'S ACADEMIC OFFERINGS PROVIDE UNDERGRADUATES WITH AN ENRICHING AND CHALLENGING EDUCATIONAL EXPERIENCE. STUDENTS SELECT FROM A BROAD ARRAY OF MAJOR AND MINOR PROGRAM OFFERINGS WHICH ARE AUGMENTED BY COURSEWORK IN THE LIBERAL ARTS AND REQUIRED EXPERIENTIAL LEARNING OPPORTUNITIES WITHIN THEIR PROFESSIONAL AREAS OF STUDY.OF THE TOTAL UNDERGRADUATE ENROLLMENT, NEARLY 83% LIVE ON CAMPUS. THE COLLEGE OFFERS A LARGE VARIETY OF RESIDENCE HALL OPTIONS, RANGING FROM TRADITIONAL TO APARTMENT-STYLE HOUSING. FACILITIES CONSIST OF CONVERTED MANSIONS, SMALL HOUSES, TOWNHOUSES, AND LARGER RESIDENCE HALLS. FOR THE FALL 2023 SEMESTER, 2,792 STUDENTS WERE RESIDENTIAL STUDENTS, INCLUDING 110 STUDENTS WHO WERE STUDYING ABROAD AND EXPECTED BACK IN THE SPRING SEMESTER. ALL RESIDENT STUDENTS ON CAMPUS MUST ENROLL IN ONE OF FOUR MEAL PLANS OFFERED DURING THE ACADEMIC YEAR. DINING OPTIONS INCLUDE A LARGE DINING HALL, TWO CAFES, AND A LODGE. ENDICOTT COLLEGE'S ACADEMIC OFFERINGS PROVIDE UNDERGRADUATES WITH AN ENRICHING AND CHALLENGING EDUCATIONAL EXPERIENCE. STUDENTS SELECT FROM A BROAD ARRAY OF MAJOR AND MINOR PROGRAM OFFERINGS WHICH ARE AUGMENTED BY COURSEWORK IN THE LIBERAL ARTS AND REQUIRED EXPERIENTIAL LEARNING OPPORTUNITIES WITHIN THEIR PROFESSIONAL AREAS OF STUDY. OF THE TOTAL UNDERGRADUATE ENROLLMENT, NEARLY 87% LIVE ON CAMPUS. THE COLLEGE OFFERS A LARGE VARIETY OF RESIDENCE HALL OPTIONS, RANGING FROM TRADITIONAL TO APARTMENT-STYLE HOUSING. FACILITIES CONSIST OF CONVERTED MANSIONS, SMALL HOUSES, TOWNHOUSES, AND LARGER RESIDENCE HALLS. FOR THE FALL 2022 SEMESTER, 2,704 STUDENTS WERE RESIDENTIAL STUDENTS, INCLUDING 108 STUDENTS WHO WERE STUDYING ABROAD AND EXPECTED BACK IN THE SPRING SEMESTER. ALL RESIDENT STUDENTS ON CAMPUS MUST ENROLL IN ONE OF FOUR MEAL PLANS OFFERED DURING THE ACADEMIC YEAR. DINING OPTIONS INCLUDE A LARGE DINING HALL, TWO CAFES, AND A LODGE.

    Expenses $139,257,186 · Grants $48,949,397 · Revenue $188,077,011

  • *ACADEMIC SUPPORT* SEE SCHEDULE O. *ACADEMIC SUPPORT*ENDICOTT OFFERS STUDENTS VARIOUS PROGRAMS AND FACILITIES TO ENHANCE AND ENCOURAGE THEIR ACTIVE PARTICIPATION IN THE INTELLECTUAL LIFE OF THE COLLEGE AND PROMOTE THEIR SUCCESSFUL PERFORMANCE IN THE CLASSROOM. THIS IS ACCOMPLISHED THROUGH STATE-OF-THE-ART ACADEMIC TECHNOLOGY, THE DIANE M. HALLE LIBRARY, ACADEMIC ADMINISTRATION, ACADEMIC RESOURCES AND STUDENT SUCCESS, AND THE SINGLE PARENT PROGRAM.

    Expenses $7,308,353

  • *STUDENT SERVICES* SEE SCHEDULE O. *STUDENT SERVICES* STUDENT SERVICES SUPPORT THE ACADEMIC AND PERSONAL DEVELOPMENT OF EACH STUDENT THROUGH A VARIETY OF OFFICES AND PROGRAMS, INCLUDING STUDENT ACTIVITIES, PERSONAL COUNSELING, HEALTH, COMMUNITY SERVICE, AND ATHLETIC PROGRAMS. EXPERIENCE BEYOND THE CLASSROOM SETTING AFFORDS STUDENTS WITH OPPORTUNITIES TO GAIN A GREATER UNDERSTANDING AND APPRECIATION OF SELF, OTHERS, AND THE WORLD AROUND THEM. THE STUDENT AFFAIRS DIVISION IS DESIGNED TO COMPLEMENT AND SUPPLEMENT THE ACADEMIC EXPERIENCE OF EVERY STUDENT. OTHER FUNCTIONS INCLUDED IN STUDENT SERVICES INCLUDE THE ADMISSIONS, FINANCIAL AID, REGISTRAR, AND CAREER DEVELOPMENT. BOOKSTORE AND VENDING REVENUE IS CONSIDERED RELATED TO STUDENT SERVICES.

    Expenses $20,590,130 · Revenue $430,506

  • CONFERENCE AND EDUCATION SERVICES/OTHER

    Expenses $7,512,053 · Grants $166,667 · Revenue $15,491,551

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVEN R DISALVO

    PRESIDENT

    Total calculated
    $801,635
    From this org
    $605,699
    From related orgs
    $0
    Other
    $195,936
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $541,394
    Bonus
    $62,000
    Other
    $2,305
    Deferred
    $107,724
    Nontaxable benefits
    $88,212
    Filer's total
    $801,635
  • THOMAS J ALEXANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • SAMUEL CABOT III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • NANCY KEEFE CLARKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • TIM COLLINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • JAMES DEMERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • SUSAN DOWLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • ANAITA DUA

    TRUSTEE (AS OF 03/2024)

    Total calculated
    $0
    Hours/week
    2
  • DR HARRY DUMAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • F SAMUEL EBERTS III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • R ROBERT FANNING JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • PETER FLAHERTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • NANCY FRATES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • ROBERT GORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • MELISSA HEMPSTEAD

    TRUSTEE - CHAIR

    Total calculated
    $0
    Hours/week
    2
  • GALEN HO

    TRUSTEE (AS OF 03/2024)

    Total calculated
    $0
    Hours/week
    2
  • RICHARD HUTCHINSON

    TRUSTEE (THRU 10/2023)

    Total calculated
    $0
    Hours/week
    2
  • MARGARET JANES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • MICHELLE LABOSSIERE

    TRUSTEE - TREASURER

    Total calculated
    $0
    Hours/week
    2
  • JOHN MACNEIL

    TRUSTEE - CLERK

    Total calculated
    $0
    Hours/week
    2
  • MARSHA MCDONOUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • AYUNE MICHEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • LINDA MILLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • JON PAYSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • MICHAEL ROCKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • JOANNA SCHULMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • ELIZABETH SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • DOUGLAS SEYMOUR

    TRUSTEE - VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • MICHAEL SHEEHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • GLEN THORNBOROUGH

    TRUSTEE (AS OF 03/2024)

    Total calculated
    $0
    Hours/week
    2
  • RAVI VIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • SHEILA WALSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • ANTHONY FERULLO

    VP OF FINANCE & COO

    Total calculated
    $408,002
    From this org
    $324,315
    From related orgs
    $0
    Other
    $83,687
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $311,901
    Bonus
    $12,000
    Other
    $414
    Deferred
    $40,682
    Nontaxable benefits
    $43,005
    Filer's total
    $408,002
  • SARA QUAY

    PROVOST

    Total calculated
    $345,819
    From this org
    $291,075
    From related orgs
    $0
    Other
    $54,744
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $278,301
    Bonus
    $12,000
    Other
    $774
    Deferred
    $20,896
    Nontaxable benefits
    $33,848
    Filer's total
    $345,819
  • MEGHAN MONACO

    VP ADMISSIONS & FINANCIAL AID

    Total calculated
    $227,287
    From this org
    $200,239
    From related orgs
    $0
    Other
    $27,048
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,076
    Bonus
    $12,000
    Other
    $163
    Deferred
    $15,399
    Nontaxable benefits
    $11,649
    Filer's total
    $227,287
  • AMY SMITH

    DEAN, SCHOOL OF NURSING

    Total calculated
    $306,861
    From this org
    $257,797
    From related orgs
    $0
    Other
    $49,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,479
    Bonus
    $0
    Other
    $318
    Deferred
    $12,524
    Nontaxable benefits
    $36,540
    Filer's total
    $306,861
  • BRYAN CAIN

    SVP STUDENT AND EXTERNAL ENGAGEMENT

    Total calculated
    $299,078
    From this org
    $259,392
    From related orgs
    $0
    Other
    $39,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,230
    Bonus
    $12,000
    Other
    $162
    Deferred
    $30,298
    Nontaxable benefits
    $9,388
    Filer's total
    $299,078
  • PATRICK HEWETT

    VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $298,812
    From this org
    $233,181
    From related orgs
    $0
    Other
    $65,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,056
    Bonus
    $7,000
    Other
    $1,125
    Deferred
    $24,457
    Nontaxable benefits
    $41,174
    Filer's total
    $298,812
  • BRIAN WYLIE

    ASST VP/DIRECTOR OF ATHLETICS

    Total calculated
    $266,053
    From this org
    $199,790
    From related orgs
    $0
    Other
    $66,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,396
    Bonus
    $10,000
    Other
    $394
    Deferred
    $25,226
    Nontaxable benefits
    $41,037
    Filer's total
    $266,053
  • BRANDI JOHNSON

    VP AND CHIEF DIVERSITY OFFICER

    Total calculated
    $252,101
    From this org
    $198,876
    From related orgs
    $0
    Other
    $53,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,712
    Bonus
    $12,000
    Other
    $164
    Deferred
    $24,465
    Nontaxable benefits
    $28,760
    Filer's total
    $252,101

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
FIRST-CLASS TRAVEL IN 2023, THE PRESIDENT TRAVELED FIRST CLASS PER THE TERMS OF HIS CONTRACT. HOUSING ALLOWANCE STEVEN DISALVO LIVED IN ON-CAMPUS HOUSING FOR THE CONVENIENCE OF ENDICOTT COLLEGE AND THE HOUSING IS THEREFORE NOT TAXABLE. THE RESIDENCE IS USED EXTENSIVELY FOR COLLEGE FUNCTIONS. THE VALUE OF THE HOUSING ALLOWANCE IS INCLUDED IN SCHEDULE J, PART II UNDER COLUMN (D) NONTAXABLE BENEFITS. SOCIAL DUES ENDICOTT COLLEGE PAYS CLUB MEMBERSHIP DUES ON BEHALF OF THE PRESIDENT. THE MEMBERSHIP DUES ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). TRAVEL FOR COMPANIONS IN 2023, THE PRESIDENT'S SPOUSE TRAVELED WITH HIM FOR BUSINESS PURPOSES. THIS TRAVEL WAS NOT INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 4B
THE PRESIDENT PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. AMOUNTS ACCRUED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C).
PART I, LINE 7
NON-FIXED PAYMENTS PURSUANT TO TERMS OF HIS EMPLOYMENT AGREEMENT, THE PRESIDENT MAY RECEIVE A BONUS SUBJECT TO THE APPROVAL OF A COMMITTEE OF THE BOARD OF TRUSTEES. CERTAIN LISTED INDIVIDUALS RECIEVED A ONE TIME BONUS RELATED TO THE IMPLEMENTATION OF A PROJECT APPROVED BY MANAGEMENT AND THE BOARD OF TRUSTEES.

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

  • CITY OF BEVERLY

    $166,667

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349303043

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