TY 2015 Form 990 Schedule J

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1RICHARD I GOUSEPRESIDENT & TRUSTEE	(i) (ii)	567,890 ------------- 0	131,622 ------------- 0	66,054 ------------- 0	106,567 ------------- 0	19,254 ------------- 0	891,387 ------------- 0	0 ------------- 0
2SETH KURNEXEC. VICE PRES. & TRUSTEE	(i) (ii)	387,672 ------------- 0	72,350 ------------- 0	10,800 ------------- 0	74,900 ------------- 0	19,254 ------------- 0	564,976 ------------- 0	0 ------------- 0
3CHERYL C CONNORSSENIOR V.P. & TREASURER	(i) (ii)	352,062 ------------- 0	0 ------------- 0	260,382 ------------- 0	104,900 ------------- 0	30 ------------- 0	717,374 ------------- 0	230,000 ------------- 0
4ROBERT THEROUXVICE PRESIDENT	(i) (ii)	282,613 ------------- 0	0 ------------- 0	10,800 ------------- 0	35,900 ------------- 0	19,254 ------------- 0	348,567 ------------- 0	0 ------------- 0
5PHILIP PARSONSVICE PRESIDENT	(i) (ii)	186,710 ------------- 0	0 ------------- 0	10,800 ------------- 0	11,433 ------------- 0	19,254 ------------- 0	228,197 ------------- 0	0 ------------- 0
6CATHERINE KENNEDYVICE PRESIDENT	(i) (ii)	158,147 ------------- 0	0 ------------- 0	10,800 ------------- 0	9,579 ------------- 0	7,162 ------------- 0	185,688 ------------- 0	0 ------------- 0
7STEVEN KITCHINVICE PRESIDENT	(i) (ii)	158,209 ------------- 0	0 ------------- 0	10,800 ------------- 0	9,579 ------------- 0	6,725 ------------- 0	185,313 ------------- 0	0 ------------- 0
8DOUGLAS SHERMAN JRSENIOR V.P. & PROVOST	(i) (ii)	240,449 ------------- 0	0 ------------- 0	10,800 ------------- 0	12,669 ------------- 0	19,254 ------------- 0	283,172 ------------- 0	0 ------------- 0
9KATHLEEN EHLERSVICE PRESIDENT OF ENROLLMENT MGMT.	(i) (ii)	151,153 ------------- 0	0 ------------- 0	9,000 ------------- 0	0 ------------- 0	19,254 ------------- 0	179,407 ------------- 0	0 ------------- 0
10LAURENCE BOUTHILLIERDIRECTOR OF ON-LINE LEARNING	(i) (ii)	144,858 ------------- 0	0 ------------- 0	0 ------------- 0	7,426 ------------- 0	19,254 ------------- 0	171,538 ------------- 0	0 ------------- 0
11MICHAEL CARUSO JRDIRECTOR OF ADMISSIONS	(i) (ii)	148,614 ------------- 0	0 ------------- 0	0 ------------- 0	8,236 ------------- 0	19,254 ------------- 0	176,104 ------------- 0	0 ------------- 0
12DAYLE JOSEPHASSISTANT PROVOST - DIRECTOR OF NURS	(i) (ii)	152,787 ------------- 0	0 ------------- 0	0 ------------- 0	1,520 ------------- 0	627 ------------- 0	154,934 ------------- 0	0 ------------- 0
13JACQUES LAFLAMMEC.I.O.	(i) (ii)	151,123 ------------- 0	0 ------------- 0	0 ------------- 0	1,550 ------------- 0	19,254 ------------- 0	171,927 ------------- 0	0 ------------- 0
14HENRY YOUNGASSISTANT PROVOST	(i) (ii)	134,664 ------------- 0	0 ------------- 0	0 ------------- 0	7,638 ------------- 0	19,254 ------------- 0	161,556 ------------- 0	0 ------------- 0

Return Reference	Explanation
PART I, LINE 7	THE AWARD OF PERFORMANCE INCENTIVES ARISES FROM AN ANNUAL EVALUATIVE PROCESS BASED ON PERFORMANCE AND ON METRICS DEEMED APPROPRIATE TO EACH POSITION BY THE COMPENSATION COMMITTEE OF THE BOARD. ONLY CERTAIN EXECUTIVE LEVEL POSITIONS ARE ELIGIBLE FOR AND RECEIVE THESE NON-FIXED PAYMENTS, WHICH HAVE MAXIMUM LIMITATIONS UNDER THE CORRESPONDING EMPLOYMENT AGREEMENTS. THE BOARD RETAINS CONTROL IN DETERMINING AND ASSESSING THE ACHIEVEMENT OF THE RELEVANT METRICS.
PART II, COLUMN B(III):	INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION, IS A HOUSING ALLOWANCE AND AN AUTOMOBILE ALLOWANCE FOR RICHARD I. GOUSE. THE HOUSING ALLOWANCE IS AUTHORIZED IN THE EMPLOYMENT AGREEMENT BETWEEN THE PRESIDENT AND THE INSTITUTION. THIS EMPLOYMENT AGREEMENT IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. INCLUDED IN OTHER REPORTABLE COMPENSATION FOR CHERYL C. CONNORS IS A PAYOUT UNDER A 457(F)NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH VESTED IN CALENDAR YEAR 2015 ($249,582). THESE FUNDS ACCRUED OVER A 5 YEAR SERVICE PERIOD AT A RANGE OF $40,000-$55,000 PER YEAR. THE FUNDS REMAINED SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL THE REQUIRED SERVICE PERIOD WAS COMPLETED. INCLUDED IN COLUMN F ARE AMOUNTS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION FOR CHERYL C. CONNORS IN PRIOR FORMS 990. THE AMOUNTS LISTED AS OTHER REPORTABLE COMPENSATION FOR CHERYL C. CONNORS AND THE OTHER 7 SENIOR ADMNINISTRATORS REFLECT PAYMENTS IN ASSOCIATION WITH AN AUTOMOBILE BENEFIT. SCHEDULE J, PART I, QUESTION 4(B): THE INSTITUTE PROVIDES ANNUAL CONTRIBUTIONS TO A 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE ($66,667), SETH KURN ($35,000), AND CHERYL C. CONNORS ($65,000). THE VESTING OF THE SERP BENEFITS IS CONTINGENT UPON EACH BENEFICIARY COMPLETING A SPECIFIED SERVICE PERIOD AND SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE. DEFERRED COMPENSATION IN SCHEDULE J ALSO INCLUDES CONTRIBUTIONS TO A 457B DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE, CHERYL C. CONNORS, AND SETH KURN AND 403(B) EMPLOYER MATCH CONTRIBUTIONS FOR ALL THE INDIVIDUALS LISTED WITH AMOUNTS IN COLUMN C. SCHEDULE J, PART II, COLUMN C: INCLUDED AS DEFERRED COMPENSATION FOR ROBERT THEROUX IS A CONTRIBUTION TO A RABBI TRUST ($20,000) WHICH REMAINED SUBJECT TO RISK OF FORFEITURE UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. INCLUDED IN SCHEDULE J, COLUMN D, ARE EMPLOYER BENEFIT COSTS FOR HEALTH, DENTAL, AND LIFE INSURANCE BENEFITS FOR THE FOURTEEN INDIVIDUALS LISTED. SCHEDULE J, PART III: ALL COMPENSATION ADJUSTMENTS FOR EXECUTIVE EMPLOYEES ARE MADE PURSUANT TO THE OVERSIGHT AND APPROVAL OF THE COMPENSATION COMMITTEE OF THE BOARD AND CONDUCTED IN CONNECTION WITH AN ANNUAL EVALUATION PROCESS.

Return Reference

Explanation

PART I, LINE 7

THE AWARD OF PERFORMANCE INCENTIVES ARISES FROM AN ANNUAL EVALUATIVE PROCESS BASED ON PERFORMANCE AND ON METRICS DEEMED APPROPRIATE TO EACH POSITION BY THE COMPENSATION COMMITTEE OF THE BOARD. ONLY CERTAIN EXECUTIVE LEVEL POSITIONS ARE ELIGIBLE FOR AND RECEIVE THESE NON-FIXED PAYMENTS, WHICH HAVE MAXIMUM LIMITATIONS UNDER THE CORRESPONDING EMPLOYMENT AGREEMENTS. THE BOARD RETAINS CONTROL IN DETERMINING AND ASSESSING THE ACHIEVEMENT OF THE RELEVANT METRICS.

PART II, COLUMN B(III):

INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION, IS A HOUSING ALLOWANCE AND AN AUTOMOBILE ALLOWANCE FOR RICHARD I. GOUSE. THE HOUSING ALLOWANCE IS AUTHORIZED IN THE EMPLOYMENT AGREEMENT BETWEEN THE PRESIDENT AND THE INSTITUTION. THIS EMPLOYMENT AGREEMENT IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. INCLUDED IN OTHER REPORTABLE COMPENSATION FOR CHERYL C. CONNORS IS A PAYOUT UNDER A 457(F)NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH VESTED IN CALENDAR YEAR 2015 ($249,582). THESE FUNDS ACCRUED OVER A 5 YEAR SERVICE PERIOD AT A RANGE OF $40,000-$55,000 PER YEAR. THE FUNDS REMAINED SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL THE REQUIRED SERVICE PERIOD WAS COMPLETED. INCLUDED IN COLUMN F ARE AMOUNTS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION FOR CHERYL C. CONNORS IN PRIOR FORMS 990. THE AMOUNTS LISTED AS OTHER REPORTABLE COMPENSATION FOR CHERYL C. CONNORS AND THE OTHER 7 SENIOR ADMNINISTRATORS REFLECT PAYMENTS IN ASSOCIATION WITH AN AUTOMOBILE BENEFIT. SCHEDULE J, PART I, QUESTION 4(B): THE INSTITUTE PROVIDES ANNUAL CONTRIBUTIONS TO A 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE ($66,667), SETH KURN ($35,000), AND CHERYL C. CONNORS ($65,000). THE VESTING OF THE SERP BENEFITS IS CONTINGENT UPON EACH BENEFICIARY COMPLETING A SPECIFIED SERVICE PERIOD AND SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE. DEFERRED COMPENSATION IN SCHEDULE J ALSO INCLUDES CONTRIBUTIONS TO A 457B DEFERRED COMPENSATION PLAN FOR RICHARD I. GOUSE, CHERYL C. CONNORS, AND SETH KURN AND 403(B) EMPLOYER MATCH CONTRIBUTIONS FOR ALL THE INDIVIDUALS LISTED WITH AMOUNTS IN COLUMN C. SCHEDULE J, PART II, COLUMN C: INCLUDED AS DEFERRED COMPENSATION FOR ROBERT THEROUX IS A CONTRIBUTION TO A RABBI TRUST ($20,000) WHICH REMAINED SUBJECT TO RISK OF FORFEITURE UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. INCLUDED IN SCHEDULE J, COLUMN D, ARE EMPLOYER BENEFIT COSTS FOR HEALTH, DENTAL, AND LIFE INSURANCE BENEFITS FOR THE FOURTEEN INDIVIDUALS LISTED. SCHEDULE J, PART III: ALL COMPENSATION ADJUSTMENTS FOR EXECUTIVE EMPLOYEES ARE MADE PURSUANT TO THE OVERSIGHT AND APPROVAL OF THE COMPENSATION COMMITTEE OF THE BOARD AND CONDUCTED IN CONNECTION WITH AN ANNUAL EVALUATION PROCESS.

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