Becker College FY2020 filing

IRS exemption revoked

Worcester, MAHigher education institutionSince 1784 EIN 04-2108346Revenue $68.5M in FY2020Latest return filed May 13, 2022

On file with the IRSbeckercollege.edu61 Sever Street · Worcester, MA

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Becker College provides academic and career education integrated with the liberal arts and sciences, which leads to the awarding of the bachelors and associate in science degrees. Baccalaureate degree programs build on this strong liberal learning and career knowledge base with additional courses and educational experiences. With the completion of the degree, graduates are prepared to enter the work force within their chosen career or continue their education. Students who complete a degree program are prepared to advance in their professional careers. Throughout, opportunities for personal development are supplemented by College-sponsored activities, cultural enrichment programs, athletics and community service projects. In keeping with its mission, the College extends opportunities for educational. Professional and personal advancement through its accelerated and professional studies programs.

80¢ of each $1 spent went to programs.
$3.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $530K a year · under 1% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.0M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $5.0M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $5.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24.1M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68.5M
Spent
$69.4M
To programs
80%
Net assets
$23.7M
By yearFY2020–FY2021
Revenue
$68.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$68.5M
FY2021$64.6M
Expenses
$69.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$69.4M
FY2021$64.8M
Net assets
$23.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$23.7M
FY2021$21.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $55.8M Management & general 18% · $12.8M Fundraising 1% · $834K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

35 people listed on the 990; $3.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Exec VP/CFO
$320,930Pt VII · Sec A
President
$303,285Pt VII · Sec A
Dean of Animal Studies
$168,300Pt VII · Sec A
VP of Student Affairs
$154,588Pt VII · Sec A
Controller
$145,645Pt VII · Sec A
Dean of Design
$141,508Pt VII · Sec A
$138,733Pt VII · Sec A
Dean of Nursing
$126,583Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2021FY2020
David a Ellis$211,989$320,930
Nancy Crimmin$273,677$303,285
Lorita Williams$196,000—
Alan Ritacco$178,000$141,508
Julie Bailey$104,717$168,300
Frank Millerick$145,172$154,588
Richard Naylor$153,023$145,645
Mary Ellen Mahoney$131,757$138,733

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Becker College executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers academic and career education, preparing graduates for work or further study.

Questions for Becker College

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3 programs · $46.9M · in their own filed words · FY2019
01

Student financial aid- federal supplemental education opportunity grants, federal work study program, college scholarships and tuition remission

$28.7Mprogram expense
02

Instructional

Faculty, library & evening division

$10.1Mprogram expense
03

Student Services

Registrar's office, student service administration, student services, admissions and financial aid administration

$8.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$5
Grants paid · 2 grants · $53.1M · 2019–2020
Unitemized GrantFY2020$26,731,897
Unitemized GrantFY2019$26,387,766

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2020 · $21.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$17.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.6M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.6M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$152K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$129K

Plus 2 smaller programs.

The auditor reported: doubt the group can keep going.

Year ending Jun 2019 · $22.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$19.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.9M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$156K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$125K
Economic Development_technical AssistanceDepartment of Commerce · ALN 11.303 · Direct$117K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2018 · $23.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$19.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.9M
Investments for Public Works and Economic Development FacilitiesDepartment of Commerce · ALN 11.300 · Direct$378K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$170K
Economic Development_technical AssistanceDepartment of Commerce · ALN 11.303 · Direct$117K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2017 · $24.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$19.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.9M
Investments for Public Works and Economic Development FacilitiesDepartment of Commerce · ALN 11.300 · Direct$1.0M
Substance Abuse and Mental Health Services_projects of Regional and National SignificanceDepartment of Health and Human Services · ALN 93.243 · Direct$243K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$156K

Plus 4 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$68.5M
Ln 12
Fees for servicesLn 2g$65.6M
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$123K
Money outPt IX
$69.4M
Ln 25
Programscol B$55.8M
Managementcol C$12.8M
Fundraisingcol D$834K
Owns and owesPt X
$23.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$47.8M
LiabilitiesLn 26$24.1M
PeoplePt VI, VII
35
listed · VII A
PaidVII A22
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$881K
Fees for servicesLn 2g$65.6M
Investment incomeLn 3$123K
Gains on assetsLn 7−$39K
Total revenueLn 12$68.5M
Assets in detailPt X, end of year
CashLn 1$4.6M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$32.9M
Other assetsLn 15$1.5M
Total assetsLn 16$47.8M
LiabilitiesLn 26$24.1M
Net assetsLn 32$23.7M
OperationsPt I, VI
EmployeesI 5918
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$8.5M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$11.4M
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$4.3M$4.5M$4.4M$4.4M$3.9M
Given inLn 1b$109K$63K$3K$133K$8K
SpentLn 1d–1f$312K$331K$273K$167K$252K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$4.6M
InvestmentsLn 11–13$5.0M$5.0M
Land, buildings, equipmentLn 10c$34.2M$32.9M
Total assetsLn 16$48.3M$47.8M
LiabilitiesLn 26$24.0M$24.1M
Net assetsLn 32$24.3M$23.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26.4M$26.4M
Other salaries and wagesLn 7$17.0M$12.3M$4.2M$486K
Pension plan contributionsLn 8$137K$93K$38K$5K
Other employee benefitsLn 9$2.9M$1.6M$1.2M$56K
Payroll taxesLn 10$1.2M$887K$287K$36K
Legal feesLn 11b$164K$164K
Accounting feesLn 11c$102K$102K
Investment management feesLn 11f$48K$48K
Other fees for servicesLn 11g$956K$210K$701K$44K
Advertising and promotionLn 12$322K$274K$48K
Office expensesLn 13$929K$725K$133K$70K
OccupancyLn 16$3.2M$2.5M$645K$18K
TravelLn 17$297K$206K$90K$1K
InterestLn 20$1.2M$816K$377K
Depreciation, depletion and amortizationLn 22$3.2M$2.7M$473K$26K
InsuranceLn 23$681K$681K
Other expenses (24a–d)Ln 24$10.4M$7.0M$3.3M$91K
All other expensesLn 24e$316K$316K
Total functional expensesLn 25$69.4M$55.8M$12.8M$834K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS May 13, 2022 $64.6M$64.8M−$160K$21.3M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $68.5M$69.4M−$900K$23.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $68,471,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,632,993$2,706,249
I-9 Program service revenuePrior year $70,699,285$65,641,784
I-10 Investment incomePrior year $140,240$123,392
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $72,472,518$68,471,425
I-13 Grants and similar amounts paidPrior year $26,475,017$26,387,766
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,188,028$21,194,112
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,377,470$21,789,113
I-18 Total expensesPrior year $73,040,515$69,370,991
I-19 Revenue less expensesPrior year −$567,997−$899,566
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $68,471,425 across 7 lines filed
VIII-1e Government grants$880,918
VIII-1f All other contributions, gifts and grants$1,825,331
VIII-1h Total contributions, gifts and grants$2,706,249
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,641,784$65,641,784
VIII-3 Investment incomeExcluded from tax $162,037$162,037
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$38,645−$38,645
VIII-12 Total revenueRelated to mission $65,641,784 · Unrelated business $0 · Excluded from tax $123,392$68,471,425
Part IX · Statement of functional expenses $69,370,991 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $26,387,766$26,387,766
IX-7 Other salaries and wagesPrograms $12,305,054 · Management $4,193,921 · Fundraising $485,899$16,984,874
IX-8 Pension plan contributionsPrograms $93,366 · Management $37,983 · Fundraising $5,444$136,793
IX-9 Other employee benefitsPrograms $1,633,927 · Management $1,172,482 · Fundraising $55,878$2,862,287
IX-10 Payroll taxesPrograms $886,827 · Management $286,914 · Fundraising $36,417$1,210,158
IX-11b Legal feesManagement $163,651$163,651
IX-11c Accounting feesManagement $101,655$101,655
IX-11f Investment management feesManagement $48,218$48,218
IX-11g Other fees for servicesPrograms $210,300 · Management $701,336 · Fundraising $44,239$955,875
IX-12 Advertising and promotionPrograms $273,745 · Management $48,054$321,799
IX-13 Office expensesPrograms $725,128 · Management $133,143 · Fundraising $70,248$928,519
IX-16 OccupancyPrograms $2,533,909 · Management $645,182 · Fundraising $18,003$3,197,094
IX-17 TravelPrograms $205,925 · Management $89,617 · Fundraising $1,315$296,857
IX-20 InterestPrograms $815,979 · Management $377,227$1,193,206
IX-22 Depreciation, depletion and amortizationPrograms $2,721,654 · Management $472,680 · Fundraising $26,260$3,220,594
IX-23 InsuranceManagement $680,581$680,581
IX-24 Other expenses (24a–d)Programs $6,992,463 · Management $3,282,366 · Fundraising $90,606$10,365,435
IX-24e All other expensesManagement $315,629$315,629
IX-25 Total functional expensesPrograms $55,786,043 · Management $12,750,639 · Fundraising $834,309$69,370,991
Part X · Balance sheet $47,781,132 assets, 19 lines filed
Asset lines not itemized here account for $48,156; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,290,979$4,596,749
X-3 Pledges and grants receivableStart of year $682,462$501,297
X-4 Accounts receivableStart of year $2,689,878$2,605,374
X-8 Inventories for sale or useStart of year $17,426$16,985
X-9 Prepaid expenses and deferred chargesStart of year $695,381$584,305
X-10c Land, buildings and equipment, netStart of year $34,241,485$32,926,532
X-11 Publicly traded securitiesStart of year $3,891,130$3,676,172
X-12 Other securitiesStart of year $1,123,535$1,348,287
X-15 Other assetsStart of year $3,466,150$1,477,275
X-16 Total assetsStart of year $48,255,211$47,781,132
X-17 Accounts payable and accrued expensesStart of year $2,242,482$2,563,287
X-20 Tax-exempt bond liabilitiesStart of year $8,870,000$8,475,000
X-24 Unsecured notes and loans payable$3,308,139
X-25 Other liabilitiesStart of year $5,935,903$5,413,098
X-26 Total liabilitiesStart of year $24,004,290$24,116,075
X-27 Net assets without donor restrictionsStart of year $18,310,705$17,465,761
X-28 Net assets with donor restrictionsStart of year $5,940,216$6,199,296
X-32 Total net assets or fund balancesStart of year $24,250,921$23,665,057
X-33 Total liabilities and net assetsStart of year $48,255,211$47,781,132
Part XI · Reconciliation of net assets $23,665,057 net assets at year end
XI-1 Total revenue$68,471,425
XI-2 Total expenses$69,370,991
XI-3 Revenue less expenses−$899,566
XI-4 Net assets at start of year$24,250,921
XI-5 Net unrealized gains (losses) on investments−$74,515
XI-9 Other changes in net assets$388,217
XI-10 Net assets at end of year$23,665,057

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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