Endicott College

“Form 990 review process the tax return information is gathered from the finance office and used to populate the form 990 in conjunction with grant thorton 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 grant thornton'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.”

“Conflict of interest policy 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.”

“Compensation policy 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. An independent compensation consultant was engaged in october 2019 to complete an executive compensation survey.”

“Public disclosure 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.”

“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 differneces, 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 similiarities 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 4: program service accomplishments endicott college was ranked in the top tier of northern regional universities at #23 of 176 institutions in the 2020 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", "co-ops/internships", "best value schools", "top performers in social mobility and "best undergraduate teaching programs". In fiscal 2020, the office of admission received 5,264 applications for traditional undergraduate students in fall 2019, accepted 68% of the applicants, and enrolled 25% of those accepted for admission. The college awarded 64 associate degrees, 802 bachelor degrees, 578 masters' degrees and 9 doctoral degrees in academic year 2018-19. Our graduates had a first-time pass rate of 86% on external examinations for athletic training, 91% for undergraduate nursing and 85% and 92% for graduate nursing and a final pass rate of 100% for the title ii educator's exams. 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 2019 and returning 2020 was 83%. The six year graduation rate for freshman entering 2014 was 78%. Of the 2019 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. 78% were employed full-time. 90% of those were in employment related to their major, and 29% found employment through a former internship site or contact. Community service is embraced at endicott, with 47% of the endicott student body participating in community service, for a total of 16,247 community service hours performed by 1,355 students. The state and national average is 28% and 30%, respectively.”

“Change on interest rate swap agreement -2,515,627. Loss on disposal of asset -3,003,593.”