2024-05-03T09:52:02-05:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-07-01 010271210 Husson University HUSS 2079417000 One College Circle Bangor ME 04401 R Thomas Welch VP Finance & Admin, Treasurer 2079417000 2024-04-30 1 R Thomas Welch 999009999 1 Joseph R Byrne P01289281 2077752387 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Robert Clark One College Circle Bangor ME 04401 83622817 0 X www.husson.edu X 1898 ME Educational Institution 30 29 1379 29 228731 0 14091127 11506045 68966465 69653939 2943259 338264 527983 458998 86528834 81957246 22690815 19430548 0 0 37111975 37356336 0 0 1357420 22043355 23740182 81846145 80527066 4682689 1430180 150282751 149562202 45381773 38958069 104900978 110604133 X Husson University inspires and prepares students for professional careers in current and emerging fields within the context of an education informed by the sciences and humanities. 0 0 62493500 19430548 55833732 For more than 125 years, Husson University has prepared future leaders to address the challenges of tomorrow through innovative undergraduate and graduate degrees.With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus provides advanced knowledge in business, health, pharmacy, science and humanities, as well as communication. In addition, Husson University has a robust online learning program.Continued on Schedule O According to a recent analysis of tuition and fees by U.S. News & World Report, Husson University is one of the most affordable private colleges in New England. Education at Husson University produces results. According to the most recent survey data, 96 percent of Husson University graduates are employed or enrolled in graduate school within one year of completing their degrees.Husson University is regionally accredited by the New England Council of Higher Education (NECHE). Regional accreditation applies to all programs. The University is also accredited by the International Accreditation Council for Business Education (IACBE), the Commission on Collegiate Nursing Education (CCNE), the Accreditation Council for Occupational Therapy (ACOTE), the Commission on Accreditation in Physical Therapy Education (CAPTE), the Accreditation Council for Pharmacy Education (ACPE), and the Council for Accreditation of Counseling and Related Educational Program (CACREP), with approval by the Maine Department of Education and National Board for Certified Counselors for its Teacher Education and School Counseling programs respectively. 9628768 13820207 Auxiliary ServicesThe Auxiliary Services department provides a variety of support services designed to enhance the Husson educational and student experience for the University. Serving a diverse set of stakeholders, Auxiliary services works to ensuring the continued success of the University in a fiscally responsible manner while reducing risk for the institution.Continued on Schedule OServices provided by this department include dining, maintenance, custodial, environmental health, safety, security, grounds keeping, the bookstore, and capital facility project management.Dining services seeks to provide a variety of wholesome, nutritious foods that meet the diverse needs of the Husson University community.Husson offers a variety of housing options for over 1,000 students which includes Hart Hall, Carlisle Hall, Bell Hall, the Darling Learning Center, and the Townhouses. The Living Learning Center can house up to 240 students. Each suite in the Darling Learning Center features suite-style living for four students. Three townhouse buildings have room for 72 students. Each townhouse has six two-story fully furnished apartments. The campus also includes the Dyke Center for Family Business, Gracie Theatre, Newman Gymnasium, Swan Center, Wellness Learning Center, the Webber Pool, as well as numerous athletic fields. 72122268 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 198 0 1 1379 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X R Thomas Welch 2079417000 One College Circle Bangor ME 04401 Daniel R Hutchins Chair 8.00 X X 0 0 0 Philip E Harriman Vice Chair 8.00 X X 0 0 0 Albert W Allen Trustee 4.00 X 0 0 0 Earl C Black Trustee 4.00 X 0 0 0 John P Boucher Trustee 4.00 X 0 0 0 Brock R Bradford Trustee 4.00 X 0 0 0 Susan A Carlisle Trustee 4.00 X 0 0 0 Daniel B Coffey Trustee 4.00 X 0 0 0 Edward O Darling Trustee 4.00 X 0 0 0 Kris A Doody Trustee 4.00 X 0 0 0 Jaclyn Fish Trustee 4.00 X 0 0 0 Arthur D Fuller Trustee 4.00 X 0 0 0 Ross Y Furman Trustee 4.00 X 0 0 0 Kenneth A Hews Trustee 4.00 X 0 0 0 Deborah Carey Johnson Trustee 4.00 X 0 0 0 Bradley Libby Trustee 4.00 X 0 0 0 Mary Prybylo Trustee 4.00 X 0 0 0 John M Rohman Trustee 4.00 X 0 0 0 Robert J Ronan Trustee 4.00 X 0 0 0 W Tom Sawyer Jr Trustee 4.00 X 0 0 0 Dr Irving Schneider Trustee 4.00 X 0 0 0 Will Taylor Trustee 4.00 X 0 0 0 Kelli L Theriault Hutchins Trustee 4.00 X 0 0 0 Richard C Trott Jr Trustee 4.00 X 0 0 0 Randy L Wadleigh Trustee 4.00 X 0 0 0 Ryan Wheelock Student Trustee 4.00 X 0 0 0 Cassandra White Trustee 4.00 X 0 0 0 Tracey L Whitten Trustee 4.00 X 0 0 0 Michael E Williamson Trustee 4.00 X 0 0 0 Michael Kamorski EdD Faculty Trustee 40.00 X 76995 0 4001 Joseph H Cyr Past Trustee 4.00 X 0 0 0 Dr Ruth B Purtilo Past Trustee 4.00 X 0 0 0 Betsy M Webb Past Trustee 4.00 X 0 0 0 R Thomas Welch VP Finance & Admin/Treasurer 40.00 X 143445 0 21313 Dr Robert A Clark President 40.00 X 351424 0 55487 Lynne Coy-Ogan Provost 40.00 X 210901 0 12585 James Nash Dean of Health & Pharmacy 40.00 X 216141 0 5066 Philip Taylor Dean of Science & Humanities 40.00 X 188798 0 17096 William J Lindblad Professor of Pharmocology 40.00 X 151665 0 18831 Sarah C Robinson VP of Advancement 40.00 X 160365 0 25922 Marie E Hankinson Dean College of Business & NESCOM 40.00 X 175982 0 18615 1675716 0 178916 32 0 1 0 Education Dynamics LLC PO Box 780276 Philadelphia PA 191780276 Admin & Marketing 1991546 Decibel Media LLC 10 City Square Boston MA 02129 Advertising 757466 Wiley Edu LLC 1415 West 22nd Sreet Suite 8 Oak Brook IL 60523 Educational Services 670052 Sheridan Corporation PO Box 359 Fairfield ME 04937 Construction Services 536807 Creative Communications Associates 2 Third Street Suite 250 Troy NY 12180 Marketing 448674 29 6848142 4657903 416574 11506045 Tuition and Fees 611710 55833732 55833732 Auxiliary Services 611710 13475872 13418297 57575 Summer and Sports Camps 721000 344335 231550 112785 69653939 787192 -763 787955 83228 20119 63109 63109 59134 3975 591524 605000 1099695 545757 -508171 59243 -448928 -448928 Other Revenue 711130 207386 207386 Bookstore Commission 611710 97203 97203 Misc Student Revenue 900099 91300 91300 395889 81957246 69483579 228731 738891 19430548 19430548 876151 80996 795155 28756483 26107756 1903351 745376 1164009 955058 176223 32728 4618727 4202116 312562 104049 1940966 1662781 231696 46489 75396 75396 47931 47931 27101 27101 2935056 1939752 960362 34942 2878786 2110680 768106 1527983 1231641 186978 109364 1914218 1360027 466186 88005 1502348 1419782 68902 13664 1677185 1457361 128062 91762 116555 83942 16073 16540 703286 694855 7888 543 6195652 5848268 310904 36480 326133 326133 Materials & Supplies 3463590 3434105 19552 9933 Miscellaneous Expense 348962 102600 218817 27545 80527066 72122268 7047378 1357420 X 2497488 2491959 21955141 21399838 6713597 3451734 1107531 830637 19135 16935 89153 82403 727801 1174727 146847628 68838292 80830427 78009336 35384593 40513211 496438 505244 461447 1086178 150282751 149562202 6321553 4752401 3529510 3144990 17939688 17157399 10438806 12760254 6034970 0 1117246 1143025 45381773 38958069 X 77431691 78283173 27469287 32320960 104900978 110604133 150282751 149562202 X 1430180 3631844 641131 X 0 1 X 1 1 1 X 3030639 10520158 11686114 14091127 11506045 50834083 3030639 10520158 11686114 14091127 11506045 50834083 7137182 43696901 668409 670998 852024 181132 791930 3164493 745632 604719 441024 535531 472780 2799686 56798262 344025551 0.76930 X Schedule A, Part II: The University has elected to complete the Schedule A, Part II Public Support Test for the first time this year to utilize the Schedule B special rule. Therefore, Schedule A, Part II Line 15 has been left blank for this year, as the test was not completed for 2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24236195 2296064 2544413 919774 28156898 26168158 1706028 -2840826 797165 24236195 20248617 1259655 5406561 746675 26168158 20037947 464610 412680 666620 20248617 18551272 535196 1510243 558764 20037947 0.00000 0.66321 0.33679 1 0 1116736 1116736 103260075 40488344 62771731 23741834 16823983 6917851 18728983 11525965 7203018 78009336 Asset Retirement Obligation 241677 Charitable Gift Annuities Payable 205950 Deferred Compensation Liability 181970 Operating Lease Liability 103572 Finance Lease Liability 409856 1143025 X 66792691 3631844 661250 4293094 62499597 27101 19430548 19457649 81957246 61089536 20119 20119 61069417 27101 19430548 19457649 80527066 Part V, Line 4: Endowment funds are held in perpetuity and the income is to be spent based on the donor's intent which primarily are for scholarships. Part X, Line 2: Husson is a tax exempt organization under the provisions of tax code Section 501(c)(3). Certain activities of the University are unrelated business income and, therefore, subject to federal and state income tax. Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that required adjustment to the financial statements. The University is subject to U.S. federal and state examinations by tax authorities for the years ended June 30, 2020 to June 30, 2023. Part XI, Line 2d - Other Adjustments: Rental Expenses 20,119. Change in Value of Split Interest Agreements 16,400. Change in Value of Interest Rate Swap 624,731. Part XI, Line 4b - Other Adjustments: Scholarships/Aid 19,430,548. Part XII, Line 2d - Other Adjustments: Rental Expenses 20,119. Part XII, Line 4b - Other Adjustments: Scholarships/Aid 19,430,548. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 1 - Resolution of Governing Board. 2 - All publications and announcements include policy statements. 3 - Part of all announcements of courses being offered. Schedule E, Part I, Line 6 Husson University receives various government grants. Among them are: SEOG Grants College Work Study Grants 1 Financial Aid 2171 19430548 FMV of Tuition Scholarship Aid Part I, Line 2: The University grants scholarships to eligible students and maintains records as to their eligibility and qualifications. X 0 1 X X X X 0 1 0 0 0 0 0 0 0 Dr Robert A Clark President 347233 0 0 0 4191 0 18300 0 37187 0 406911 0 0 0 Lynne Coy-Ogan Provost 208990 0 0 0 1911 0 12585 0 0 0 223486 0 0 0 James Nash Dean of Health & Pharmacy 215083 0 0 0 1058 0 5066 0 0 0 221207 0 0 0 Philip Taylor Dean of Science & Humanities 187130 0 0 0 1668 0 9909 0 7187 0 205894 0 0 0 Marie E Hankinson Dean College of Business & NESCOM 175424 0 0 0 558 0 10793 0 7822 0 194597 0 0 0 Sarah C Robinson VP of Advancement 158850 0 0 0 1515 0 10285 0 15637 0 186287 0 0 0 William J Lindblad Professor of Pharmocology 149381 0 0 0 2284 0 9206 0 9625 0 170496 0 0 0 R Thomas Welch VP Finance & Admin/Treasurer 143121 0 0 0 324 0 0 0 21313 0 164758 0 0 0 Part I, Line 1a The University provides a housing allowance for the President of the Organization, as it is required that he/she lives on campus as a part of his/her employment. This housing allowance is treated as a nontaxable benefit. Part I, Line 1b The Board of Trustees assessed and determined the appropriate level of benefit after reviewing its potential value and market data on compensation and benefits. Part I, Line 4b Robert Clark participates in a non-qualified retirement plan. There was no contribution to this plan in 2022. A Finance Authority of Maine 010392006 2016-06-27 4200000 Dormitory Renovations/Turf Field Replacement: 1 College Circle, Bangor, ME 0 0 0 B Finance Authority of Maine 010392006 2017-02-14 10300000 Townhouse Building and Dormitory Renovations 0 0 0 C Finance Authority of Maine 010392006 2019-05-15 4000000 Wellness Learning Center 0 0 0 D Maine Health & Higher Education Facilities 010314384 2020-06-30 1914227 REFI MHHEFA Series 2010B 0 0 1 A 1122015 4200000 25448 4174552 2016 0 0 1 1 B 1435568 10300000 88242 10211758 2017 0 0 1 1 C 347477 4000000 77781 3922219 2019 0 0 1 1 D 351768 1914227 213950 33172 1667105 2020 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K Supplental Information Schedule K, Part II - The amount on the schedule K Part I represents the entire 2020B Bond series that is pooled funding and therefore includes funds dedicated to other institutions. The issue price on Form 8038 Part III, Line 21 (B) - includes proceeds for other institutions as well. Joseph H Cyr Entity more than 35% controlled by Joseph H. Cyr, Past Board Trustee 344870 Independent Contractor Arrangement 0 X 3 4490 Appraised Value X 6 412084 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Finance Committee prior to filing, and the returns are made available to the full Board of Trustees for review. Form 990, Part VI, Section B, line 12c Annual Board of Trustees disclosures are required and are scrutinized for potential conflicts. Form 990, Part VI, Section B, line 15a Compensation undergoes an annual review by the Board of Trustees and a salary recommendation is made. Form 990, Part VI, Section C, line 19 Form 990 is available upon request. The governing documents, policies and financial statements are not disclosed to the general public. Form 990, Part X, Line 10: Land, Buildings & Equipment Section 1.263(a)-3(n) Election: Husson University One College Circle Bangor, ME 04401 EIN: 01-0271210 Husson University is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Split Interest Agreements 16,400. Change in Value of Interest Rate Swaps 624,731.