Endicott College

“Form 990, part iii, line 1 shaped by a bold and entrepreneurial spirit, endicott college offers students a vibrant academic environment that remains true to its founding principle of integrating professional and liberal arts with experiential learning, including internship opportunities across disciplines. The college fosters a spirit of excellence by creating a challenging yet supportive environment in which students are encouraged to take intellectual risks, pursue scholarly and creative interests, contribute to the community, and explore diverse career paths. Endicott is committed to supporting the personal and professional development of its students, preparing them to assume meaningful roles within the greater community both domestically and internationally. Statement of understanding endicott college is committed to providing an educational experience that will encourage students to view the concept of diversity from a variety of perspectives in order to foster understanding and ultimately greater respect and acceptance among individuals. Embracing diversity means understanding and respecting our individual differences, which includes the dimensions of race, ethnicity, gender, sexual orientation, socio-economic status, age, differing abilities (e.g., physical, emotional, and cognitive), religious and political beliefs. Central to the exploration of the differences and similarities among individuals is the need to offer a safe, positive, and supportive environment. The goal is to reach a greater understanding of each other and to move beyond simple tolerance to embracing and celebrating the rich dimensions of diversity contained within each individual.”

“Form 990, part iii endicott college was ranked in the top tier of northern regional universities at #74 of 179 institutions in the us news and world best colleges 2014 report. The college was #1 of 8 in its category of "up and coming" institutions. Peers agree that endicott has made the "most promising and innovative changes in the area of academics, faculty, student life, campus, and/or facilities." during fiscal 2014, for fall 2014 admission, the office of admission received 4,016 applications, accepted 71% of the applicants, and enrolled 28% of those accepted for admission. The college awarded 655 bachelor degrees and 492 masters degrees in 2014. Our graduates had 100% pass rates on external examinations for athletic training and education and 75% for nursing. External licensure for these programs is assessed by the nata board of certification licensure, the massachusetts department of education licensure, and national council licensure examination, the respectively. Endicott's retention rate of freshman entering 2012 and returning 2013 was 81%. The six year graduation rate for freshman entering 2007 was 70%. Of the 2013 graduates who responded to career surveys, 75% of day division graduates were employed full-time within 12 months of graduation. 88% of those were in employment related to their major, and 39% found employment through their internship site. Endicott has been identified by affordablecollegesonline.org as one of the massachusetts colleges and universities with the greatest lifetime return on investment. Graduates from these schools enjoy the largest earnings gap between non-degree holders over thirty years and earn more on average than graduates from other massachusetts schools. Community service is embraced at endicott, with 51% of the endicott student body participating in community service, for a total of 20,125 community service hours performed by 1,221 students. The state and national average is 31% and 27%, respectively.”

“Form 990, part iii, lines 4a-4d line 4a *education and auxiliary* endicott's undergraduate college offers bachelor of fine arts, bachelor of arts, and bachelor of science degrees. Day program enrollment for fall 2013 was 2,414 students, with another 112 students enrolled in prague, czech republic, madrid, spain, mexico city, mexico, leysin, switzerland and devonshire, bermuda. The school of graduate and professional studies grants associate in arts, associate in science, bachelor of arts, bachelor of science, master of arts, master of education, master of fine arts, master of science, master of business administration, doctor of education and doctor of philosophy degrees. Enrollment in the school of graduate and professional studies, including programs beverly, gloucester and boston, massachusetts, madrid, spain, mexico city, mexico, devonshire, bermuda, leysin, switzerland, and prague, czech republic was 2,849 students as of fall 2013. In addition to degree programs, professional development programs and consulting are offered through the school of graduate and professional studies. 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 82% 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 2013 semester, 1966 students were housed on campus. All resident students 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. Line 4b *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 center for teaching and learning, the diane m. Halle library, the writing center, academic administration, and the keys to degrees single parent program. Line 4c *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. Line 4d other program service expenses include conference and education services. Endicott college provides facilities and services for educational, business, and community events. Associated revenues are carefully analyzed and classified as either related or exempt function revenue or as unrelated business revenue. In addition to conference and events related revenue, other program revenue include parking fees, recognition of deferred revenue, forfeited enrollment deposits and other miscellaneous receipts.”

“Form 990, part vi, line 2 thomas j. Alexander and william f. Howard, trustees for the college, and dr. Richard e. Wylie, president and trustee, serve on the board of beverly bank, a local financial institution. In addition, robert r. Fanning and joseph grimaldi, trustees for the college, serve on the board of directors for the essex county community foundation.”

“Form 990, part vi, line 11a the tax return information is gathered from the finance office and used to populate the form 990 in conjunction with kpmg, llp, independent tax consultant. Once the draft tax return is fully analyzed and reviewed by the management team, it is forwarded to the finance committee of the board of trustees. A representative of kpmg's tax group attends the scheduled meeting to ensure that all persons have had an opportunity to ask questions and discuss the content of the tax return. Following the finance committee review and approval, it is presented to the entire board of trustees for their review, comment, and approval prior to the filing of the form.”

“Form 990, part vi, line 12c in 2010, endicott's board of trustees approved a revised policy that covers board of trustee members, officers, and key employees. Those covered in the policy are required to execute and submit to the vice president of finance an annual statement that acknowledges they received, read, and understand the conflict of interest policy; they understand that endicott college is a not-for-profit entity which must not engage in activities that could jeopardize its tax-exempt status; and that the college must be operated for the purposes stated in its bylaws. They agree to comply with the policy and acknowledge that, except as indicated in the space provided on the annual statement, they have nothing to disclose that is in conflict with the established policy. Should any change occur in their situation, they will submit a further statement covering the matter. The vice president of finance will follow the procedures set forth in the policy for any statement that includes a disclosure of conflict.”

“Form 990 part vi, line 13 in 2011, endicott's board of trustees approved a whistleblower policy for faculty and staff. The policy defines misconduct as: abuse of authority, unethical behavior, or gross misconduct; inappropriate or illegal use of college funds, such as theft by bribery or corruption; significant and specific danger to public health or safety; a violation of law. Further, the policy states that reported violations will be promptly investigated and treated confidentially to the extent possible and the college will not take any personnel action as retaliation against an employee who discloses information regarding misconduct. Employees are encouraged to report concerns through an anonymous voice mail box or by completing an anonymous reporting form accessible on the campus safety web page. Students are also encouraged to report any activity that is taking place within the endicott community that is contrary to the ideals and values of the college. Concerns are reported in the same manner as faculty and staff.”

“Form 990 part vi, line 15 the college's procedures for determining compensation meet the requirements of rebuttable presumption. The compensation committee of the board of trustees is responsible for due diligence of the chief executive officer and senior management's compensation to assure that endicott complies with irs requirements for not-for-profit compensation. The committee reviews and discusses compensation of comparable jobs in comparable colleges and universities in the boston area and new england. The president is compensated in accordance with a multi-year compensation plan that is based upon research on compensation awarded to presidents in similar institutions, together with an appraisal of the president's performance. The president's performance is reviewed by the board on an annual basis. The conclusions and recommendations of the compensation committee are reviewed and approved regularly by the full board. The membership of the compensation committee is free of conflict of interest in determining compensation. The committee also reviews and guides management with respect to implementation of the compensation policy for all other employees. Salaries are reviewed and adjusted annually, based on performance (as measured in an annual performance review) and changes in responsibility. Minutes of compensation committee meetings are documented. The engagement of an independent compensation consultant was discussed in april 2012, and a firm was engaged in august 2012 to complete an executive compensation survey. Based on the aforementioned, the college's procedures meet the requirements of rebuttable presumption.”

“Form 990, part vi, line 19 the organization's form 990, governing documents and audited financial statements are available upon request. The form 990 and audited financial statements are posted on the massachusetts attorney general's website and the form 990 is posted at www.guidestar.org.”

“Form 990, part xi, line 5 change in liability for interest rate swap 22,810 extinguishment of debt 523,737 total 546,547”