Form 990 for tax year 2023

Filed by UNIVERSITY OF NEW ENGLAND.

Totals

Total revenue: $303,386,239
Total expenses: $256,436,740
Contributions and grants received: $29,185,847
Grants paid: $46,196,910
Program service revenue: $241,361,757
Investment income: $25,901,443
Other revenue: $6,937,192
Total assets, end of year: $788,821,790
Total liabilities, end of year: $203,352,636
Net assets or fund balances, end of year: $585,469,154
Program services expenses (Part IX): $226,247,124
Management and general expenses: $26,948,415
Fundraising expenses: $3,241,201
Program service expenses (Part III): $226,247,124

Program services were 88.2% 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)

$16,197,410
1f · All other contributions, gifts and grants

$12,988,437
1g · Noncash contributions included above

$2,085,610
2a · Program service revenue: Tuition & Fees

total $215,714,634 · related or exempt $215,714,634
2b · Program service revenue: Residence & Dining Halls

total $25,647,123 · related or exempt $25,647,123
3 · Investment income

total $17,331,661 · excluded $17,331,661
4 · Income from investment of tax-exempt bond proceeds

total $645,792 · excluded $645,792
7a · Gross sales of assets other than inventory

securities $99,288,584 · other assets $6,200
7b · Less cost or other basis and sales expenses

securities $91,370,794 · other assets $0
7c · Gain or loss

securities $7,917,790 · other assets $6,200
7d · Net gain or loss

total $7,923,990 · excluded $7,923,990
11a · Other revenue: Health Centers

total $4,604,721 · related or exempt $4,604,721
11b · Other revenue: Other Auxiliary Income

total $1,331,672 · unrelated business $381,740 · excluded $949,932
11c · Other revenue: Other Revenue

total $1,000,799 · related or exempt $1,000,799
11e · Other revenue, total

$6,937,192

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $46,196,910 · program services $46,196,910
5 · Compensation of officers, directors and key employees

total $2,044,398 · program services $137,487 · management and general $1,494,526 · fundraising $412,385
7 · Other salaries and wages

total $93,763,731 · program services $84,738,242 · management and general $7,550,690 · fundraising $1,474,799
8 · Pension plan contributions

total $5,344,500 · program services $4,734,654 · management and general $504,573 · fundraising $105,273
9 · Other employee benefits

total $16,654,349 · program services $14,651,106 · management and general $1,788,392 · fundraising $214,851
10 · Payroll taxes

total $6,227,195 · program services $5,516,627 · management and general $587,908 · fundraising $122,660
11b · Fees: legal

total $426,770 · program services $213,385 · management and general $213,385
11c · Fees: accounting

total $176,685 · management and general $176,685
11f · Fees: investment management

total $624,881 · management and general $624,881
12 · Advertising and promotion

total $4,041,088 · program services $2,192,758 · management and general $1,845,423 · fundraising $2,907
13 · Office expenses

total $6,042,734 · program services $6,002,257 · management and general $33,552 · fundraising $6,925
14 · Information technology

total $2,372,610 · program services $1,186,305 · management and general $1,186,305
16 · Occupancy

total $5,202,472 · program services $5,177,601 · management and general $23,211 · fundraising $1,660
17 · Travel

total $2,935,083 · program services $2,702,107 · management and general $139,645 · fundraising $93,331
19 · Conferences, conventions and meetings

total $1,215,851 · program services $1,054,605 · fundraising $161,246
20 · Interest

total $4,653,198 · program services $3,462,919 · management and general $1,190,279
22 · Depreciation, depletion and amortization

total $11,494,498 · program services $11,494,498
23 · Insurance

total $1,629,152 · program services $262,230 · management and general $1,366,922
24a · Other expenses: Other Expense

total $14,786,401 · program services $13,727,961 · management and general $686,732 · fundraising $371,708
24b · Other expenses: Other Fees & Permits

total $12,742,201 · program services $8,596,608 · management and general $3,875,913 · fundraising $269,680
24c · Other expenses: Software & Small Equipm

total $12,693,694 · program services $9,030,525 · management and general $3,659,393 · fundraising $3,776
24d · Other expenses: Room & Board

total $5,168,339 · program services $5,168,339 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $43,774,330 · end of year $61,206,533
3 · Pledges and grants receivable

beginning of year $13,030,546 · end of year $15,367,625
4 · Accounts receivable

beginning of year $4,433,425 · end of year $7,386,086
7 · Other notes and loans receivable

beginning of year $3,248,030 · end of year $2,091,069
9 · Prepaid expenses and deferred charges

beginning of year $3,342,990 · end of year $4,449,413
10a · Land, buildings and equipment: cost or other basis

$443,587,401
10b · Land, buildings and equipment: accumulated depreciation

$184,684,884
10c · Land, buildings and equipment, net

beginning of year $222,288,067 · end of year $258,902,517
11 · Investments: publicly traded securities

beginning of year $368,414,752 · end of year $410,642,193
15 · Other assets

beginning of year $68,555,180 · end of year $28,776,354
17 · Accounts payable and accrued expenses

beginning of year $20,117,904 · end of year $20,902,675
18 · Grants payable

beginning of year $802,581 · end of year $439,639
19 · Deferred revenue

beginning of year $19,767,106 · end of year $20,232,090
20 · Tax-exempt bond liabilities

beginning of year $128,717,013 · end of year $124,751,905
23 · Secured mortgages and notes payable

beginning of year $26,682,685 · end of year $24,613,826
25 · Other liabilities

beginning of year $13,291,569 · end of year $12,412,501
27 · Net assets without donor restrictions

beginning of year $456,988,261 · end of year $510,852,583
28 · Net assets with donor restrictions

beginning of year $60,720,201 · end of year $74,616,571

Mission and programs · 2023

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.

The University of New England (UNE) granted Bachelor's, Master's, and Doctoral degrees, representing the College of Arts and Sciences, College of Business, Westbrook College of Health Professions, College of Osteopathic Medicine, College of Professional Studies-UNE Online and College of Dental Medicine. The University offers programs in Osteopathic Medicine, Allied Health Sciences, Liberal Arts, Business, Pharmacy, Dental Medicine and other Graduate and Undergraduate Majors. Additional Facts: UNE includes Maine's only Master of Science Physician Assistant Program and Doctor of Nursing Practice in Nurse Anesthesia Program. Colleges: UNE's six colleges provide both undergraduate and graduate students with a wealth of resources and a variety of educational experiences and research opportunities. Each college has its own identity, but each contributes to the enrichment of the University's academic life. COLLEGE OF ARTS AND SCIENCES: The College of Arts and Sciences is comprised of seven multi-disciplinary schools (School of Arts and Humanities, School of Biological Sciences, School of Marine and Environmental Sciences, School of Molecular and Physical Sciences, School of Social and Behavioral Sciences, School of Education, and School of Computer Science and Data Analytics) and offers more than 30 undergraduate majors, ranging from aquaculture and aquarium science to sport and recreation management. The College's graduate programs include masters programs in education, biological sciences and marine sciences; and a doctorate in educational leadership. The College of Arts and Sciences is housed on the Biddeford campus on the coast of Maine. COLLEGE OF BUSINESS: The College of Business launches your business career in a community of difference-makers who seek to do well by making a positive impact. UNE's College of Business produces graduates with the relevant skills and understanding needed to thrive in today's evolving business world. We offer a range of programs from Business Administration and Marine Entrepreneurship to Accounting and Marketing degrees. The College of Business is housed on the Biddeford campus on the coast of Maine. COLLEGE OF DENTAL MEDICINE: The curriculum of the College of Dental Medicine comprises a blend of time tested methods and new innovations in dental education. Our students are treated as members of the profession from day one. They benefit from comprehensive education in the basic and behavioral sciences, and come to understand and appreciate the many connections between oral health and overall health. They gain extensive practical experience, from providing care to a simulated patient in the first year; to providing direct patient care in patient centered general practice teams in our Oral Health Center in the second and third years; to extending their clinical experience into the community during their fourth year, while working and living in communities throughout Northern New England and beyond. The College is housed on the Portland campus, an historic site in suburban Portland, Maine. 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 Biddeford campus on the coast of 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 $198,628,299 · Grants $46,196,910 · Revenue $215,383,760
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. INFORMATION TECHNOLOGY SERVICES: The University of New England (UNE) provides technology support services for our students, faculty, and staff. UNE Compass delivers students, faculty, and staff with secure, web-based access to select administrative, academic, and employee records. D2L - Brightspace Learning Management System is used for our online course management system with teaching and learning tools for course preparation, delivery, assessment, and management. The University of New England has implemented an intranet using Microsoft SharePoint that administrative units, colleges, and programs utilize to provide secure information and communications to authorized members of the UNE Community. UNE also operates additional MS365 services for email, calendaring, and scheduling. OKTA is used for identity and access management that offers secure identity verification, single sign-on (SSO), and multi-factor authentication (MFA) to protect employee and student identities and enable users to access applications from any device. The University also standardized our synchronous communication platform to Zoom video conferencing services. BOX was implemented as our platform for secure content management, workflow, and collaboration needs. Additionally, KnowBe4 was implemented as the university's integrated platform for security awareness training combined with simulated phishing attacks.

Expenses $27,618,825 · Revenue $31,583,517

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

Listed in Part VII

James D Herbert

President

Total calculated

$898,028

From this org

$735,500

From related orgs

$0

Other

$162,528

Hours/week

40

Schedule J breakdown matched by us

Base

$609,922

Bonus

$92,025

Other

$33,553

Deferred

$126,400

Nontaxable benefits

$36,128

Filer's total

$898,028
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
George M Locarno

Secretary

Total calculated

$0

Hours/week

5
James Brady

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
Jean Ginn Marvin

Board Member

Total calculated

$0

Hours/week

1
Fran Girard

Board Member

Total calculated

$0

Hours/week

1
Mason Irving III

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
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
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
David L Anderson

Past Board Member

Total calculated

$0

Hours/week

1
Brenda C Garrand

Past Board Member

Total calculated

$0

Hours/week

1
Ethan Kennedy

Past Student Trustee

Total calculated

$0

Hours/week

1
Joshua Golden

Past Student Trustee

Total calculated

$0

Hours/week

1
Katherine Heer

Past Board Member

Total calculated

$0

Hours/week

1
Louise Bowditch

Past Board Member

Total calculated

$0

Hours/week

1
Marge L Kilkelly

Past Board Member

Total calculated

$0

Hours/week

1
Mark Haley

Past Board Member

Total calculated

$0

Hours/week

1
Krystal Williams

Past Board Member

Total calculated

$0

Hours/week

1
James Irwin

SVP of Finance & Admin & CFO

Total calculated

$222,192

From this org

$203,623

From related orgs

$0

Other

$18,569

Hours/week

40

Schedule J breakdown matched by us

Base

$169,950

Bonus

$0

Other

$33,673

Deferred

$3,792

Nontaxable benefits

$14,777

Filer's total

$222,192
Philip Shapiro

Interim SVP of Finance & Admin & CFO

Total calculated

$343,086

From this org

$316,810

From related orgs

$0

Other

$26,276

Hours/week

40

Schedule J breakdown matched by us

Base

$305,333

Bonus

$10,000

Other

$1,477

Deferred

$26,276

Nontaxable benefits

$0

Filer's total

$343,086
Gwendolyn Mahon

SVP for Academic Affairs & Provost

Total calculated

$496,258

From this org

$469,494

From related orgs

$0

Other

$26,764

Hours/week

40

Schedule J breakdown matched by us

Base

$457,875

Bonus

$0

Other

$11,619

Deferred

$26,400

Nontaxable benefits

$364

Filer's total

$496,258
Jane Carriero

Dean Osteopathic Med/VP Hlth Affairs

Total calculated

$472,874

From this org

$428,648

From related orgs

$0

Other

$44,226

Hours/week

40

Schedule J breakdown matched by us

Base

$412,563

Bonus

$0

Other

$16,085

Deferred

$26,400

Nontaxable benefits

$17,826

Filer's total

$472,874
Guy DeFeo

Sr. Assoc. Dean for Clinical Educ.

Total calculated

$389,895

From this org

$279,286

From related orgs

$0

Other

$110,609

Hours/week

40

Schedule J breakdown matched by us

Base

$266,061

Bonus

$0

Other

$13,225

Deferred

$22,812

Nontaxable benefits

$87,797

Filer's total

$389,895
Stacey Pierce-Talsma

Associate Dean of Academic Affairs

Total calculated

$311,404

From this org

$277,281

From related orgs

$0

Other

$34,123

Hours/week

40

Schedule J breakdown matched by us

Base

$275,974

Bonus

$0

Other

$1,307

Deferred

$22,189

Nontaxable benefits

$11,934

Filer's total

$311,404
Nicole Kimmes

Dean of College of Dental Medicine

Total calculated

$360,317

From this org

$313,624

From related orgs

$0

Other

$46,693

Hours/week

40

Schedule J breakdown matched by us

Base

$299,741

Bonus

$0

Other

$13,883

Deferred

$22,500

Nontaxable benefits

$24,193

Filer's total

$360,317
Paul Berkner

Director, Student Health

Total calculated

$290,252

From this org

$268,306

From related orgs

$0

Other

$21,946

Hours/week

40

Schedule J breakdown matched by us

Base

$159,574

Bonus

$0

Other

$108,732

Deferred

$12,947

Nontaxable benefits

$8,999

Filer's total

$290,252
Karen Pardue

Former Provost/Associate Provost

Total calculated

$209,276

From this org

$169,738

From related orgs

$0

Other

$39,538

Hours/week

40

Schedule J breakdown matched by us

Base

$169,738

Bonus

$0

Other

$0

Deferred

$14,570

Nontaxable benefits

$24,968

Filer's total

$209,276

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
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: 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 officers, one key employee, and two of the highest compensated employees. The allowance is available to all qualified employees; (3) Identity theft coverage for the president and top financial officers; (4) Service recognition award for one of the highest compensated employees. The recognition award is available to all qualified employees.
Part I, Lines 4a-b: Line 4a - One of the highest compensated employees received severance. 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. Bonus pay was made to the Interim Senior Vice President of Finance and Administration.

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.

Davis Family Foundation

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: 2023
Filed: 19 March 2025
IRS schema version: 2023v6.0
Source object: 202510799349300106

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