Endicott College

“Form 990, part i, line 7b the amount reported on part i, line 7b includes certain fringe benefit expenses subject to unrelated business taxable income under irc section 512(a)(7) amounts that are not revenue and, therefore, not reported as such on form 990, part viii. Organization's mission 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. 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, line 3 endicott college was ranked in the top tier of northern regional universities at #25 of 187 institutions in the 2018 u.s. News and world report best colleges rankings. The college was recognized as a leader in several other categories published by u.s. News, including "best colleges for veterans", "a+ schools for b students", "most innovative schools", "stellar examples of internships/co-ops", "best value schools", "highest 4-year graduation rates", among others. In fiscal 2018, the office of admission received 3,841 applications for traditional undergraduate students in fall 2017, accepted 79% of the applicants, and enrolled 28% of those accepted for admission. The college awarded 46 associate degrees, 779 bachelor degrees, 551 masters' degrees and 20 doctoral degrees in academic year 2017-18. Our graduates had a first-time pass rate of 100% on external examinations for athletic training, 93% for undergraduate nursing and 67% and 52% for graduate nursing and a final pass rate of 100% for the title ii educator's exam. External licensure for these programs is assessed by the nata board of certification licensure, national council licensure examination, american nurses credentialing center and american association of nurse practitioners and the massachusetts department of education licensure respectively. Endicott's retention rate of freshman entering 2017 and returning 2018 was 83%. The six year graduation rate for freshman entering 2012 was 75%. Of the 2017 graduates who responded to career surveys, 98% reported that they were either employed, continuing education, volunteering, serving in the military, or self-employed within 12 months of graduation. 77% were employed full-time. 90% of those were in employment related to their major, and 43% found employment through a former internship site or contact. Community service is embraced at endicott, with 56% of the endicott student body participating in community service, for a total of 23,518 community service hours performed by 1,602 students. The state and national average is 28% and 25%, 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. Traditional undergraduate (day program) enrollment for fall 2017 was 2,870 students. The van loan 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. Van loan's enrollment, including programs beverly and boston, massachusetts, madrid, spain, leysin, switzerland, bangkok, thailand, and prague, czech republic was 2,185 students as of fall 2017. In addition to degree programs, professional development programs and consulting are offered through the van loan school. 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 91% 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 2017 semester, 2,586 students were residential students, including 72 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. 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 diane m. Halle library, academic administration, academic resources and student success, 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.”

“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 boards of the north shore chamber of commerce and beverly bank, a local financial institution. Both dr. Wylie and mr. Howard serve on the board of beverly main streets.”

“Form 990, part vi, line 11b 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 presented 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 with the irs.”

“Form 990, part vi, line 12c in 2010, endicotts 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, endicotts 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 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 2015, and a firm was engaged in august 2015 to complete an executive compensation survey.”

“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 9 change in liability for interest rate swap agreement $ 1,990,154 loss on extinguishment of debt $ (550,361)”