Suffolk University

“Part i and part iii line 1 suffolk university is a talent catalyst that recognizes and develops student potential. Leveraging our location in the heart of boston, our faculty, staff, and alumni work together to provide a student-centered experience. This diverse community builds on its dedication and excellence in education and scholarship to empower graduates to be successful locally, regionally, and globally.”

“Part iii, line 4a faculty scholarship supports diversified liberal arts concentrations available in the humanities, the natural sciences and the social sciences, along with graduate programs in several fields, most offering career-related professional program tracks and practical experience on or off campus. Approximately 4,000 students were served this year. Program service accomplishments part iii, line 4c the law school's goal is to provide its students with access to an excellent legal education, inspire a commitment to justice, and provide its graduates the opportunity to achieve their career aspirations. Approximately 1,500 students were served this year. Program service accomplishments part iii, line 4d consistent with the governing documents and in consultation with the donor, the university transferred an endowment contribution of $6,188,968 to boston college during the year ended june 30, 2015, which included both corpus and accumulated earnings.”

“Part vi, line 2 trustees john a. Brennan and leo j. Corcoran have a business relationship.”

“Part vi, line 3 collegiate enterprise solutions llc was paid $162,500 in calendar 2014 for the services of dr. Norman smith to act as interim president of the university.”

“Part vi, line 11b the controller of suffolk university is responsible for preparing form 990. The completed draft form 990 is submitted for review to the university's tax advisor. Recommended changes are discussed with senior management and incorporated into the return. The draft form is then provided to the audit committee of the board of trustees sufficiently in advance of the filing deadline to enable a detailed and conscientious review by all members of the committee with senior management and the university's tax advisor. All questions and concerns of the audit committee members are addressed and incorporated into the form as appropriate. After the audit committee review, all members of the governing body are provided a link to a password-protected web site on which the entire form 990 can be viewed in advance of the filing deadline. All questions and concerns of the members of the board of trustees are addressed by the treasurer and incorporated into the form 990 as appropriate. After all of the input from the board of trustees and the audit committee has been appropriately addressed, the treasurer of the university is authorized to file the form 990 with the internal revenue service.”

“Part vi, line 12c the finance committee of the board of trustees is responsible for obtaining a conflict of interest disclosure statement from all board members, officers of the university, and all employees of the university holding certain positions as determined by the finance committee, referred to as covered persons. The disclosure statement is to be completed upon first acceding to the office or position, upon material change in the information requested, and in august of each year. The finance committee provides the board with a summary report of any conflict of interest at least annually, and more frequently as appropriate. The finance committee may invite the covered person to make a presentation at a meeting to discuss the transaction. The finance committee will then determine by a majority vote whether the transaction is in the university's best interest, and whether it is fair and reasonable, and therefore whether the university may or may not enter into the transaction.”

“Part vi, line 15a president james mccarthy for the compensation setting process for james mccarthy, the board of trustees engaged an independent firm to analyze and compare the compensation of ceos at comparable institutions. A committee of the board of trustees worked with the independent firm to analyze the compensation data. After reviewing the results of the study and in consultation with the outside counsel, the committee proposed compensation for the president. A contract was prepared by the outside counsel, which was voted on and approved at a meeting of the full board of trustees. Compensation setting process part vi, line 15b for the compensation setting process of other officers, the board of trustees engaged an independent firm to analyze and compare the compensation of individuals in comparable positions at comparable institutions. A committee of the board of trustees worked with the independent firm to analyze data. After reviewing the results of the study, the committee proposed compensation for the officers. The compensation was voted on and approved at a meeting of the full board of trustees.”

“Part vi, line 19 all requests for governing documents, conflict of interest policy, financial statements and tax returns are received by the president and/or vice president's offices and are turned over to the treasurer's office for immediate response. Tax returns and financial statements are also available on the massachusetts attorney general's and guidestar's websites.”

“Part vii the compensation disclosed for nancy stoll, former vp of student affairs, is for wages earned in her current non-officer position.”

“Part xi, line 9 boy net assets of subsidiary ($2,038,831) revenue of subsidiary $5,148,005 expenses of subsidiary ($4,392,390) postretirement benefit obligation $419,343 loss on early extinguishment of debt ($912,732) change in value of split interest $14,400 total ($1,762,205)”