Totals
- Total revenue
- $322,835,606
- Total expenses
- $277,318,637
- Contributions and grants received
- $40,944,425
- Grants paid
- $48,388,098
- Program service revenue
- $254,610,000
- Investment income
- $20,108,449
- Other revenue
- $7,172,732
- Total assets, end of year
- $847,931,625
- Total liabilities, end of year
- $202,375,604
- Net assets or fund balances, end of year
- $645,556,021
- Program services expenses (Part IX)
- $248,570,774
- Management and general expenses
- $25,323,771
- Fundraising expenses
- $3,424,092
- Program service expenses (Part III)
- $248,570,774
Program services were 89.6% 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.
-
1e · Government grants (contributions)
$22,324,955
-
1f · All other contributions, gifts and grants
$18,619,470
-
1g · Noncash contributions included above
$3,290,716
-
2a · Program service revenue: Tuition & Fees
total $227,502,791 · related or exempt $227,502,791
-
2b · Program service revenue: Residence & Dining Halls
total $27,107,209 · related or exempt $27,107,209
-
3 · Investment income
total $15,753,924 · excluded $15,753,924
-
7a · Gross sales of assets other than inventory
securities $80,001,324 · other assets $45,731
-
7b · Less cost or other basis and sales expenses
securities $75,692,530 · other assets $0
-
7c · Gain or loss
securities $4,308,794 · other assets $45,731
-
7d · Net gain or loss
total $4,354,525 · excluded $4,354,525
-
11a · Other revenue: Health Centers
total $4,670,205 · related or exempt $4,670,205
-
11b · Other revenue: Other Auxiliary Income
total $1,336,109 · unrelated business $401,754 · excluded $934,355
-
11c · Other revenue: Other Revenue
total $1,166,418 · related or exempt $1,166,418
-
11e · Other revenue, total
$7,172,732
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $48,388,098 · program services $48,388,098
-
5 · Compensation of officers, directors and key employees
total $2,489,043 · program services $140,029 · management and general $1,633,961 · fundraising $715,053
-
7 · Other salaries and wages
total $102,604,924 · program services $92,209,859 · management and general $8,776,940 · fundraising $1,618,125
-
8 · Pension plan contributions
total $5,344,500 · program services $4,696,406 · management and general $529,441 · fundraising $118,653
-
9 · Other employee benefits
total $19,350,492 · program services $16,995,985 · management and general $2,125,971 · fundraising $228,536
-
10 · Payroll taxes
total $6,227,195 · program services $5,472,063 · management and general $616,883 · fundraising $138,249
-
11b · Fees: legal
total $130,800 · program services $65,400 · management and general $65,400
-
11c · Fees: accounting
total $156,286 · management and general $156,286
-
11f · Fees: investment management
total $762,557 · management and general $762,557
-
11g · Fees: other
total $455 · management and general $455
-
12 · Advertising and promotion
total $4,696,950 · program services $3,137,267 · management and general $1,558,649 · fundraising $1,034
-
13 · Office expenses
total $6,571,357 · program services $6,497,810 · management and general $65,716 · fundraising $7,831
-
14 · Information technology
total $1,720,296 · program services $860,148 · management and general $860,148
-
16 · Occupancy
total $5,575,731 · program services $5,533,037 · management and general $40,790 · fundraising $1,904
-
17 · Travel
total $3,199,662 · program services $2,963,407 · management and general $176,569 · fundraising $59,686
-
19 · Conferences, conventions and meetings
total $1,220,411 · program services $1,118,976 · fundraising $101,435
-
20 · Interest
total $4,624,878 · program services $4,139,779 · management and general $485,099
-
22 · Depreciation, depletion and amortization
total $13,367,187 · program services $13,367,187
-
23 · Insurance
total $1,983,543 · program services $281,967 · management and general $1,701,576
-
24a · Other expenses: Other Expense
total $15,787,624 · program services $14,522,654 · management and general $836,673 · fundraising $428,297
-
24b · Other expenses: Other Fees & Permits
total $14,841,945 · program services $14,841,945
-
24c · Other expenses: Software & Small Equipm
total $12,883,663 · program services $7,947,717 · management and general $4,930,657 · fundraising $5,289
-
24d · Other expenses: Room & Board
total $5,391,040 · program services $5,391,040
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $61,206,533 · end of year $53,493,580
-
3 · Pledges and grants receivable
beginning of year $15,367,625 · end of year $26,024,735
-
4 · Accounts receivable
beginning of year $7,386,086 · end of year $7,215,829
-
7 · Other notes and loans receivable
beginning of year $2,091,069 · end of year $1,436,362
-
9 · Prepaid expenses and deferred charges
beginning of year $4,449,413 · end of year $4,277,716
-
10a · Land, buildings and equipment: cost or other basis
$433,123,398
-
10b · Land, buildings and equipment: accumulated depreciation
$153,984,937
-
10c · Land, buildings and equipment, net
beginning of year $258,902,517 · end of year $279,138,461
-
11 · Investments: publicly traded securities
beginning of year $410,642,193 · end of year $443,070,935
-
15 · Other assets
beginning of year $28,776,354 · end of year $33,274,007
-
17 · Accounts payable and accrued expenses
beginning of year $20,902,675 · end of year $20,519,671
-
18 · Grants payable
beginning of year $439,639 · end of year $1,073,810
-
19 · Deferred revenue
beginning of year $20,232,090 · end of year $21,631,614
-
20 · Tax-exempt bond liabilities
beginning of year $124,751,905 · end of year $120,702,016
-
23 · Secured mortgages and notes payable
beginning of year $24,613,826 · end of year $22,750,603
-
25 · Other liabilities
beginning of year $12,412,501 · end of year $15,697,890
-
27 · Net assets without donor restrictions
beginning of year $510,852,583 · end of year $583,213,528
-
28 · Net assets with donor restrictions
beginning of year $74,616,571 · end of year $62,342,493
Mission and programs · 2024
Mission
The University of New England prepares students to thrive in a rapidly-changing world and, in so doing, to improve the health of people, communities, and our planet.
-
COLLEGE OF OSTEOPATHIC MEDICINE: The College of Osteopathic Medicine is dedicated to the improvement of life through the education of Osteopathic physicians, research and service. The nationally recognized College emphasizes health, healing and primary care for the people of New England and the nation. The College is the only medical school in Maine and the only osteopathic medical school in New England. The College is housed on the Portland campus, an historic site in suburban Portland, Maine. WESTBROOK COLLEGE OF HEALTH PROFESSIONS: The Westbrook College of Health Professions offers both undergraduate and graduate programs. Undergraduate programs include dental hygiene, nursing, applied exercise science, nutrition, public health, social work, pre-pharmacy and athletic training. Graduate programs include athletic training, nurse anesthesia, occupational therapy, pharmacy, physician assistant and physical therapy. The College offers three doctorates in physical therapy, nurse anesthesia and pharmacy. The Doctorate of pharmacy has its own school (School of Pharmacy). The College has state-of-the-art educational facilities and has pioneered the model of inter-professional education, which is housed on the Portland campus, in suburban Portland, Maine. COLLEGE OF PROFESSIONAL STUDIES - UNE ONLINE: The College partners with the University's other five colleges to provide programmatic, financial and logistical support to students enrolled in online programs, while ensuring excellence in professional and graduate education and consistency in maintaining the highest academic standards. GLOBAL EDUCATION: The Global Education program develops and promotes global education and research opportunities. Students can study abroad via partnerships in Spain, France and Iceland or on our campus in Morocco. In 2014, the University opened its campus in Tangier, Morocco. The program enables students to choose from courses in the sciences, humanities, social sciences, business and the arts including lab science courses. Students gain a global perspective without experiencing any delay in the curriculum required for their major. RESEARCH: The University receives grants from a number of prestigious national sources including the National Science Foundation, U.S. Department of Health and Human Services, National Institute of Health, National Oceanic and Atmospheric Administration, U.S. Department of Agriculture, U.S. Department of the Interior, U.S. Department of Commerce, U.S. Department of Energy and National Aeronautics and Space Administration. The University has several research centers, including the Centers for Excellence focusing in Aging and Health, Collaborative Education, Public Health, Neurosciences, Digital Health, Marine Sciences, Study Pain and Sensory Function, and North Atlantic Studies.
Expenses $220,486,332 · Grants $48,388,098 · Revenue $227,333,101
-
Auxiliary services for the delivery of higher education include room and board for over 1,500 students. The mission is to work in partnership with resident students to create a healthy and positive residential community that enhances academic pursuits and provides opportunities for personal, social and spiritual growth. The goal is to promote an atmosphere rooted in civility and personal responsibility, and encourage reflective thinking and active involvement. The staff strives to teach, model, and learn with the students the values of community, inquiry, integrity, and caring. Maintaining a close relationship with Student Activities creates a positive impact on campus life for the entire University. Students are encouraged to actively engage in many arenas to become more deeply involved in the University, and thereby in their own education. These experiences outside the classroom can truly enhance those experiences students have within the classroom. Additional facts: University of New England Dining Services: Using input from students through comment boards, personal contacts between students and Food Service Managers, and regular meetings with campus Dining Advisory Committees, the University's dining services is able to stay in step with the students' needs and desires. All new UNE students are encouraged to take advantage of any of the above methods of connecting in order to maintain an innovative and creative dining that meets students' diverse dietary needs.
Expenses $28,084,442 · Revenue $33,113,523
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James D Herbert
President
- Total calculated
- $1,027,687
- From this org
- $814,381
- From related orgs
- $0
- Other
- $213,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $684,612
- Bonus
- $94,786
- Other
- $34,983
- Deferred
- $177,600
- Nontaxable benefits
- $35,706
- Filer's total
- $1,027,687
-
Regan Gallagher
Board Chair
- Total calculated
- $0
- Hours/week
- 5
-
E Story Cleland Landis
Board Vice Chair
- Total calculated
- $0
- Hours/week
- 5
-
Cheri L Walker
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Mason Irving III
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
James Brady
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Todd Cesca
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Calen B Colby
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David Engle
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Fran Girard
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Iovanna
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Robert Leonard
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mark Malone
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jean Ginn Marvin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Daniel P McCormack
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dimitri Michaud
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Julie Mostov
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ford Reiche
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Richard Roderick
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Aleister Saunders
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Justin H Schair
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Shannon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kate Snyder
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence Wold
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
George M Locarno
Past Board Member
- Total calculated
- $0
- Hours/week
- 1
-
James Irwin
SVP for Finance & Admin/CFO
- Total calculated
- $405,433
- From this org
- $351,352
- From related orgs
- $0
- Other
- $54,081
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $345,064
- Bonus
- $0
- Other
- $6,288
- Deferred
- $27,600
- Nontaxable benefits
- $26,481
- Filer's total
- $405,433
-
Gwendolyn Mahon
Provost/SVP for Academic Affairs
- Total calculated
- $509,346
- From this org
- $481,440
- From related orgs
- $0
- Other
- $27,906
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $470,260
- Bonus
- $0
- Other
- $11,180
- Deferred
- $27,600
- Nontaxable benefits
- $306
- Filer's total
- $509,346
-
Jane Carriero
Dean Osteopathic Med/VP Hlth Affairs
- Total calculated
- $484,378
- From this org
- $438,354
- From related orgs
- $0
- Other
- $46,024
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $423,852
- Bonus
- $0
- Other
- $14,502
- Deferred
- $27,600
- Nontaxable benefits
- $18,424
- Filer's total
- $484,378
-
Guy DeFeo
Sr. Assoc. Dean for Clinical Educ.
- Total calculated
- $402,852
- From this org
- $289,331
- From related orgs
- $0
- Other
- $113,521
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $277,500
- Bonus
- $0
- Other
- $11,831
- Deferred
- $23,704
- Nontaxable benefits
- $89,817
- Filer's total
- $402,852
-
Nicole Kimmes
Dean of College of Dental Medicine
- Total calculated
- $371,065
- From this org
- $322,260
- From related orgs
- $0
- Other
- $48,805
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $307,737
- Bonus
- $0
- Other
- $14,523
- Deferred
- $23,000
- Nontaxable benefits
- $25,805
- Filer's total
- $371,065
-
Stacey Pierce-Talsma
Associate Dean of Academic Affairs
- Total calculated
- $323,618
- From this org
- $288,111
- From related orgs
- $0
- Other
- $35,507
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $286,695
- Bonus
- $0
- Other
- $1,416
- Deferred
- $23,000
- Nontaxable benefits
- $12,507
- Filer's total
- $323,618
-
Ronald Schneider
General Counsel/VP of Legal Affairs
- Total calculated
- $308,383
- From this org
- $298,664
- From related orgs
- $0
- Other
- $9,719
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $295,514
- Bonus
- $0
- Other
- $3,150
- Deferred
- $0
- Nontaxable benefits
- $9,719
- Filer's total
- $308,383
-
Philip Shapiro
Former SVP Finance/Assoc. VP Invest.
- Total calculated
- $226,051
- From this org
- $209,416
- From related orgs
- $0
- Other
- $16,635
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,939
- Bonus
- $0
- Other
- $1,477
- Deferred
- $16,635
- Nontaxable benefits
- $0
- Filer's total
- $226,051
-
Karen Pardue
Former Provost/Associate Provost
- Total calculated
- $214,969
- From this org
- $172,875
- From related orgs
- $0
- Other
- $42,094
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,750
- Bonus
- $0
- Other
- $125
- Deferred
- $16,372
- Nontaxable benefits
- $25,722
- Filer's total
- $214,969
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 · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 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 · Written employment contract
- 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
- For the President: Social club dues, whose members are business leaders in the local community; housing residence provided for the convenience of the University; travel for companion of a family member for a bona fide business purpose of the University. Payments grossed up for inclusion in wages are (1) Social club dues for the president; (2) Cell phone allowances for top financial officer, one former officer, and three of the highest compensated employees. The allowance is available to all qualified employees; (3) Identity theft coverage for the president, top financial officer; one former officer and one former key employee; (4) Service recognition award for one of the highest compensated employees. The recognition award is available to all qualified employees.
- Part I, Line 4b
- The president participates in a supplemental non-qualified retirement plan with unpaid current fiscal year benefits reported on Schedule J, Part II, Column C.
- Part I, Line 7
- Bonus pay was made to the president as approved by 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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · To award grants · ME
-
Robert E and Elizabeth L Kahn Family Foundation
501(c)(3) · To award grants · MA
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Pooled Income Fund (2)
Split - Interest Agreements · ME · controlled entity
Directly controlled by University of New England
-
Charitable Remainder Trust (2)
Split - Interest Agreements · ME · controlled entity
Directly controlled by University of New England
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640789349300019
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.