Lesley University

“Once management reviews the 990, it is forwarded to the audit committee for review. It is also placed on a secure website for all the trustees to review prior to filing.”

“Each year, each member of the board of trustees, all officers and each key employee is asked to review the university's conflict of interest policy and submit a disclosure statement regarding any conflicts of interest they may have. New trustees and key employees are asked to review the policy and submit a disclosure statement regarding any conflicts of interest they may have upon commencement of their term or their employment. The assistant clerk collects the disclosure statements. The policy describes a process for the review of potential and actual conflicts of interest by the board of trustees or a committee of the board.”

“President steinmayer's employment agreement and compensation were reviewed and approved in advance by the independent members of the university's board of trustees. In making its decision, the board of trustees reviewed comparability data provided by a third- party compensation consultant. The board's decision was contemporaneously documented in the minutes of the board meeting.”

“All governing documents and financial statements are available upon request. Our forms 990 (current and prior three years) are also available on the official website of the attorney general of massachusetts at www.charities.ago.state.ma.us and guidestar at www2.guidestar.org. We also make our form 990, irs determination letter, form 990-t, articles of organization, and bylaws available to the public upon request. Our audited financial statements are also available on the official website of the attorney general of massachusetts at www.charities.ago.state.ma.us. Audited financial statements and summary reports are available on the university's website at https://lesley.edu/about/accreditations-licensure-state-approvals”

“Core values inquiry: lesley university is devoted to academic excellence through active teaching, engaged learning, and individual student development. We design and deliver innovative, interdisciplinary academic programs that value inspired teachers, curious learners, relevant scholarship, and real-life application. Community: learning is an individual and collective endeavor that involves students, educators, families, and communities. We believe in the power of collaboration and its impact on personal and social development. Diversity: our community respects, values, and benefits from the individual, demographic and cultural differences of our students, faculty, and staff. As an academic community, our creativity, critical thinking, and problem-solving approaches are shaped by this diversity. Through their varied learning experiences, lesley students develop the tools to effectively interact with diverse populations and strive for social justice and equity. Citizenship: higher educational institutions have a responsibility to prepare their graduates to participate in the cultural, political and economic life of their community, nation and world. This democratic ideal is reflected in lesley's academic environment that encourages scholarship, freedom of expression, and the open exchange of ideas.”

“Loss on defeasance of debt -3,198,756.”