Suffolk University

“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.”

“FORM 990 PART I LINE 1 FORM 990 PART III LINE 1 AT SUFFOLK UNIVERSITY WE ARE DRIVEN BY THE POWER OF EDUCATION, INCLUSION, AND ENGAGEMENT TO CHANGE LIVES AND POSITIVELY IMPACT COMMUNITIES. Committed to excellence, we provide students with experiential and transformational learning opportunities that begin in the center of Boston, reach across the globe, and lead to extraordinary outcomes for our graduates. FORM 990, PART I, LINE 7B THE AMOUNT REPORTED ON PART I, LINE 7B INCLUDES CERTAIN QUALIFIED TRANSPORTATION FRINGE BENEFIT EXPENSES SUBJECT TO UNRELATED BUSINESS INCOME TAX UNDER IRC SECTION 512(A)(7) THAT ARE NOT REVENUE AND, THEREFORE, NOT REPORTED AS SUCH ON FORM 990, PART VIII.”

“Form 990 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.”

“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.”

“Part vi, line 1a in the intervals between meetings of the board of trustees, the executive committee shall have and exercise the authority of the board of trustees in the management and execution of the affairs of suffolk university in all matters except those with respect to which authority is given in the university's bylaws to the administration and finance committee and except those which pursuant to law or specific sections of the bylaws require the vote of the board of trustees.”

“Part vi, line 4 during the tax year, the university made the following significant revisions to previously adopted bylaws: clarification of authority of the investment subcommittee and administration & finance committee as it relates to the universitys investment management; and requirement that members of the audit, compliance, and risk management committee qualify as independent for purposes of this form.”

“Form 990 part vi line 11b the controller of suffolk university is responsible for providing the information necessary for the university's tax advisor to prepare form 990. Recommended changes are discussed with senior management and incorporated into the return. The draft form is then provided to the audit, compliance, and risk management 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, compliance, and risk management committee members are addressed and incorporated into the form as appropriate. After the audit, compliance, and risk management 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, compliance, and risk management committee has been appropriately addressed, the treasurer of the university is authorized to file the form 990 with the internal revenue service.”

“Form 990 part vi line 12c the audit, compliance and risk management 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 executive committee, referred to as covered persons. The disclosure statement is to be completed upon first acceding to the office position, upon material change in the information requested, and in july of each year. The audit, compliance and risk management committee provides the board with a summary report of any conflict of interest at least annually, and more frequently as appropriate. The audit, compliance and risk management committee may invite the covered person to make a presentation at a meeting to discuss the transaction. The audit, compliance and risk management 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.”

“FORM 990 PART VI LINE 15a FOR THE COMPENSATION SETTING PROCESS OF THE PRESIDENT, 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.”

“FORM 990 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 THE COMPENSATION 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. FORM 990 PART VI LINE 16 DURING THE TAX YEAR, THE UNIVERSITY ENTERED INTO AN AGREEMENT WITH A COMPANY THAT HELPS UNIVERSITIES EXPAND INTERNATIONAL RECRUITMENT AND ENSURES INTERNATIONAL STUDENTS SUCCESS ON CAMPUS THROUGH PROVEN PROGRAMS THAT BETTER PREPARE STUDENTS FOR ACADEMIC SUCCESS. THIS AGREEMENT CREATED A JOINT VENTURE BETWEEN THE TWO PARTIES THAT IS GOVERNED BY A SIX MEMBER BOARD OF DIRECTORS, COMPRISED OF THREE REPRESENTATIVES FROM EACH ORGANIZATION. THE AGREEMENT WAS REVIEWED BY INTERNAL AND EXTERNAL LEGAL COUNSEL TO ENSURE IT COMPLIED WITH TAX REGULATIONS. THE REVENUE RECOGNIZED RELATED TO THIS AGREEMENT IS CONSIDERED IN PART VIII AS RELATED OR EXEMPT FUNCTION REVENUE. THE AGREEMENT ALSO INCLUDES A PROVISION FOR TERMINATING THE AGREEMENT IN THE EVENT THAT CONTINUATION OF THE AGREEMENT WOULD CAUSE THE UNIVERSITY TO LOSE ITS TAX-EXEMPT STATUS.”

“Part xi, line 9 postretirement benefit obligation $298,478 change in value of split interest $14,400 foreign exchange adjustment -$131,920 ----------- total $180,958 -----------”