Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 07-01-2024 , and ending 06-30-2025
BCheck if applicable:
CName of organization
NORTHEASTERN UNIVERSITY
 
% THOMAS NEDELL
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
360 HUNTINGTON AVENUE
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02115
D Employer identification number

04-1679980
E Telephone number

G Gross receipts $ 3,525,581,781
F Name and address of principal officer:
JOSEPH E AOUN
360 HUNTINGTON AVE
BOSTON,MA02115
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.NORTHEASTERN.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1898
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 32
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 31
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 25,790
6 Total number of volunteers (estimate if necessary) ............. 6 509
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 9,525,128
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 459,259,730 372,755,274
9 Program service revenue (Part VIII, line 2g) ......... 2,393,566,192 2,638,855,561
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 118,583,349 132,724,505
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 10,936,371 14,782,582
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 2,982,345,642 3,159,117,922
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 599,728,669 689,252,558
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,193,814,591 1,297,581,752
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 1,107,191 293,187
b Total fundraising expenses (Part IX, column (D), line 25) 46,174,459    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 964,099,550 1,067,915,579
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 2,758,750,001 3,055,043,076
19 Revenue less expenses. Subtract line 18 from line 12....... 223,595,641 104,074,846
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 6,371,394,000 6,830,808,000
21 Total liabilities (Part X, line 26)............. 2,288,790,000 2,553,698,000
22 Net assets or fund balances. Subtract line 21 from line 20..... 4,082,604,000 4,277,110,000
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: SEE SCHEDULE O.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 779,897,000 including grants of $   ) (Revenue $ 2,431,978,561 )
Instruction NORTHEASTERN ENABLES 52,269 STUDENTS TO FULFILL THEIR EDUCATIONAL GOALS BY PROVIDING TEACHING AND ADVISING THAT RESULT IN THE GRANTING OF ASSOCIATE, BACHELOR, MASTER AND DOCTORAL DEGREES IN A VARIETY OF ACADEMIC DISCIPLINES. THE UNIVERSITY'S ACADEMIC AREAS CONSIST OF THE BOUVE COLLEGE OF HEALTH SCIENCE, COLLEGE OF ARTS, MEDIA AND DESIGN, D'AMORE-MCKIM SCHOOL OF BUSINESS, COLLEGE OF COMPUTER AND INFORMATION SCIENCE, COLLEGE OF ENGINEERING, COLLEGE OF PROFESSIONAL STUDIES, COLLEGE OF SCIENCE, COLLEGE OF SOCIAL SCIENCES AND HUMANITIES, AND SCHOOL OF LAW.
4b (Code:   ) (Expenses $ 641,770,881 including grants of $ 641,770,881 ) (Revenue $   )
Student financial aid Northeastern awards grants and scholarships to students from several sources: federal and state governments, institutionally-funded and endowment/donor funded. The Office of Student Financial Services administers financial aid and is committed to working with students to identify financial aid options that can help make a Northeastern education affordable.
4c (Code:   ) (Expenses $ 186,185,000 including grants of $   ) (Revenue $ 206,877,000 )
Auxiliary enterprises NORTHEASTERN PROVIDES STUDENT HOUSING IN 33 RESIDENTIAL BUILDINGS AND OTHER RELATED PROGRAM SERVICES. LINE 4D, PROGRAM SERVICE ------------------------- OTHER PROGRAM SERVICES CONSIST OF: RESEARCH, ACADEMIC SUPPORT, STUDENT SERVICES, AND OTHER STUDENT AID.
4d Other program services (Describe in Schedule O.)
(Expenses $ 1,167,606,149 including grants of $ 47,471,677 ) (Revenue $   )
4e Total program service expenses2,775,459,030
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part VClick to see attachment
List of Attached Documents:
// Content
......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....Click to see attachment
List of Attached Documents:
// Content
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
List of Attached Documents:
// Content
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................Click to see attachment
List of Attached Documents:
// Content
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see list of attachments
List of Attached Documents:
// Content
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment
List of Attached Documents:
// Content
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................Click to see attachment
List of Attached Documents:
// Content
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
Yes
 
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
Yes
 
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV..................... Click to see attachment
List of Attached Documents:
// Content
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
 
No
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
35,827
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
25,790
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: CA , UK , EI
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
32
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
31
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
CO , MD , MA , MI , NH , NY , ND , OH , OR , SC , WI
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
THOMAS NEDELL360 HUNTINGTON AVE   BOSTON,MA02115 (617) 373-5374
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) Joseph E Aoun......................................................................
President/Trustee
 40.0
.................
0.0 		X   X       2,220,000 0 825,428
(2) Thomas Nedell......................................................................
SVP Finance and Treasurer
 40.0
.................
0.0 		    X       1,129,671 0 394,362
(3) Diane N MacGillivray......................................................................
SVP of University Advancement
 40.0
.................
0.0 		    X       1,108,421 0 331,938
(4) David Madigan......................................................................
Provost & SVP
 40.0
.................
0.0 		    X       1,172,788 0 143,394
(5) SATYAJIT DATTAGUPTA......................................................................
CHIEF ENROLLMENT OFFICER
 40.0
.................
0.0 		      X     1,130,658 0 68,593
(6) DAVID DE CREMER......................................................................
DUNTON FAMILY DEAN
 40.0
.................
0.0 		      X     1,096,905 0 64,041
(7) Kenneth W Henderson......................................................................
Chancellor and SVP Learning
 40.0
.................
0.0 		    X       868,271 0 274,831
(8) MARY STROTHER......................................................................
SVP & GEN COUNSEL
 40.0
.................
0.0 		    X       935,606 0 141,869
(9) Michael A Armini......................................................................
SVP - External Affairs
 40.0
.................
0.0 		    X       691,387 0 251,467
(10) MARY LUDDEN......................................................................
SVP GLOBAL NETWORK & STRATEGIC
 40.0
.................
0.0 		    X       738,545 0 164,021
(11) USAMA M FAYYAD......................................................................
EXEC. DIR - INSTITUTE FOR AI
 40.0
.................
0.0 		        X   804,098 0 72,281
(12) JAMES HACKNEY......................................................................
DEAN SCHOOL OF LAW
 40.0
.................
0.0 		        X   760,013 0 93,378
(13) ELIZABETH MYNATT......................................................................
DEAN-KHOURY COLLEGE COMP SCI
 40.0
.................
0.0 		      X     771,312 0 67,592
(14) ALESSANDRO VESPIGNANI......................................................................
STERNBERG FAMILY DIST PROF
 40.0
.................
0.0 		        X   745,640 0 68,090
(15) David Luzzi......................................................................
Sr Vice Provost - Research
 40.0
.................
0.0 		        X   742,967 0 67,479
(16) Gregory Abowd......................................................................
Dean - COE
 40.0
.................
0.0 		      X     629,393 0 132,449
(17) ALEXANDROS MAKRIYANNIS......................................................................
GEORGE D BEHRAKIS CHAIR
 40.0
.................
0.0 		        X   676,550 0 39,626
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) Carmen Sceppa........................................................................
Dean - Bouv Health Sciences
 40.0
.......................0.0 		          X 583,607 0 65,724
(19) HAZEL SIVE........................................................................
DEAN COLLEGE OF SCIENCE
 40.0
.......................0.0 		      X     570,403 0 37,894
(20) Emery Trahan........................................................................
DONALD F HARDING PROF. FINANCE
 40.0
.......................0.0 		          X 501,063 0 68,459
(21) Alan Mislove........................................................................
PROF. & SR ASSOC DEAN
 40.0
.......................0.0 		          X 462,756 0 45,453
(22) Jacqueline Isaacs........................................................................
VICE PROVOST FACULTY AFFAIRS
 40.0
.......................0.0 		          X 338,476 0 36,141
(23) Jeffrey S Bornstein........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(24) Subodh Chanrai........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(25) Jeffrey J Clarke........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(26) William J Conley........................................................................
Trustee
 2.0
.......................0.0 		X           0 0 0
(27) Richard A D'Amore........................................................................
Trustee/Chair
 5.0
.......................0.0 		X           0 0 0
(28) Susan Deitch........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(29) Deborah Dunsire........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(30) Spencer T Fung........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(31) Edward G Galante........................................................................
Trustee/VICE CHAIR
 2.0
.......................0.0 		X           0 0 0
(32) Sir Lucian Grainge CBE........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(33) David House........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(34) Frances N Janis........................................................................
Trustee
 2.0
.......................0.0 		X           0 0 0
(35) Chaitanya Kanojia........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(36) Amin Khoury........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(37) William A Lowell........................................................................
Trustee
 2.0
.......................0.0 		X           0 0 0
(38) Alan S McKim........................................................................
Trustee/VICE CHAIR
 2.0
.......................0.0 		X           0 0 0
(39) Todd M Manganaro........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(40) Anita Nassar........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(41) James Pallotta........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(42) IRENE PANAGOPOULOS........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(43) John V Pulichino........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(44) Marcy L Reed........................................................................
Trustee
 2.0
.......................0.0 		X           0 0 0
(45) KATHLEEN SANBORN........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(46) Winslow L Sargeant........................................................................
Trustee
 2.0
.......................0.0 		X           0 0 0
(47) Jeannine P Sargent........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(48) Maha Shair........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(49) Melpomeni Travlos........................................................................
Trustee (UNTIL 2/3/25)
 1.0
.......................0.0 		X           0 0 0
(50) Jean-Pascal Tricoire........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(51) Christopher A Viehbacher........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(52) Christophe P Weber........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(53) SHELLEY STEWART........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(54) HEMANT TANEJA........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 18,678,530 0 3,454,510
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 2,875
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SUFFOLK CONSTRUCTION CO INC,
65 ALLERTON STREET
BOSTON,MA02119 		CONSTRUCTION 30,973,891
COMPASS GROUP,
PO BOX 91337
CHICAGO,IL606931337 		FOOD SERVICES 53,057,417
COLUMBIA CONSTRUCTION COMPANY INC,
PO BOX 220
NORTH READING,MA01864 		CONSTRUCTION 21,920,720
TURNER CONSTRUCTION COMPANY INC,
2 Seaport Lane
BOSTON,MA02210 		CONSTRUCTION 51,518,442
SKANSKA USA BUILDING INC,
101 SEAPORT BLVD
BOSTON,MA02210 		CONSTRUCTION 17,826,971
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 512
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c 187,637
d Related organizations1d  
e Government grants (contributions)1e 241,469,597
f All other contributions, gifts, grants, and similar amounts not included above1f 131,098,040
g Noncash contributions included in lines 1a - 1f:$ 1g 34,178,895
h Total. Add lines 1a-1f....... 372,755,274
Program Service RevenueAmt Business Code
2a TUITION,RM BD,FEES 900099 2,633,842,583 2,633,842,583    
b PARKING 812930 3,000,639     3,000,639
c FOOD SERVICE 900099 2,012,339     2,012,339
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 2,638,855,561
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 48,038,786   3,073,350 44,965,436
4 Income from investment of tax-exempt bond proceeds 6,730,932     6,730,932
5 Royalties........... 583,847     583,847
(i) Real (ii) Personal
6a Gross rents 6a 11,651,167  
b Less: rental expenses 6b 3,840,014  
c Rental income or (loss) 6c 7,811,153 0
d Net rental income or (loss)....... 7,811,153     7,811,153
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 440,313,482  
b Less: cost or other basis and sales expenses 7b 362,358,695  
c Gain or (loss) 7c 77,954,787  
d Net gain or (loss)......... 77,954,787     77,954,787
8a Gross income from fundraising events (not including $ 187,637of contributions reported on line 1c). See Part IV, line 18 ....
8a 200,954
b Less: direct expenses ... 8b 265,150
c Net income or (loss) from fundraising events.. -64,196    
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a 0
b Less: direct expenses ... 9b 0
c Net income or (loss) from gaming activities.. 0      
10a Gross sales of inventory, less
returns and allowances ..
10a 0
b Less: cost of goods sold .. 10b 0
c Net income or (loss) from sales of inventory.. 0      
OtherRevenueMiscAmt
Business Code
11a CONFERENCE CENTERS/ARENA 900099 1,679,307   1,679,307  
b ADVERTISING/RECREATION CENTER 900099 164,005   164,005  
c FEE FOR SERVICE INCOME 900099 4,608,466   4,608,466  
d All other revenue ....        
e Total. Add lines 11a–11d ...... 6,451,778
12 Total revenue. See instructions..... 3,159,117,922 2,633,842,583 9,525,128 143,059,133
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 46,183,867 46,183,867
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 641,026,090 641,026,090
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 2,042,601 2,042,601
4 Benefits paid to or for members ....... 0  
5 Compensation of current officers, directors, trustees, and key employees ........... 18,472,782 5,511,379 11,487,696 1,473,707
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 2,552,813 2,552,813    
7 Other salaries and wages........ 1,024,109,583 934,763,145 68,878,630 20,467,808
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 66,202,389 59,720,966 5,091,381 1,390,042
9 Other employee benefits ....... 126,133,813 113,784,914 10,288,086 2,060,813
10 Payroll taxes ........... 60,110,372 54,225,309 4,622,919 1,262,144
11 Fees for services (non-employees):        
a Management ...... 610,693 610,693    
b Legal ......... 8,198,768 1,279,540 6,919,228  
c Accounting ........... 787,278   787,278  
d Lobbying ........... 1,135,374 1,125,039 10,335  
e Professional fundraising services. See Part IV, line 17 293,187 293,187
f Investment management fees ...... 4,041,409   4,041,409  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 25,622,684 25,580,563 37,494 4,627
12 Advertising and promotion .... 24,855,111 22,513,089 2,313,352 28,670
13 Office expenses ....... 60,291,887 54,608,544 4,001,064 1,682,279
14 Information technology ...... 111,659,653 77,997,634 33,662,019  
15 Royalties .. 109,084 109,084    
16 Occupancy ........... 188,775,227 181,051,916 7,048,070 675,241
17 Travel ............ 55,003,611 53,970,968 251,410 781,233
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 5,181,397 4,676,250 272,823 232,324
20 Interest ........... 49,380,632 46,303,934 2,371,877 704,821
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization .. 145,456,449 106,283,335 30,199,194 8,973,920
23 Insurance ... 13,458,075 5,940,073 7,518,002  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a CONSULTANTS 76,857,388 69,684,733 6,114,269 1,058,386
b EQUIPMENT 27,460,710 27,198,299 161,149 101,262
c MEAL PLAN AND FOOD COST 55,088,402 53,626,469 836,865 625,068
d PUB, BOOKS, & SUBSCRIPTIONS 31,957,168 25,895,255 4,378,592 1,683,321
e All other expenses 181,984,579 157,192,528 22,116,445 2,675,606
25 Total functional expenses. Add lines 1 through 24e 3,055,043,076 2,775,459,030 233,409,587 46,174,459
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 42,881,000 1 38,949,000
2 Savings and temporary cash investments ......... 327,335,000 2 68,166,000
3 Pledges and grants receivable, net ...... 210,213,000 3 194,046,000
4 Accounts receivable, net ............. 146,523,000 4 153,123,000
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
2,700,000 5 1,600,000
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
0 6 0
7 Notes and loans receivable, net ........... 13,767,000 7 6,148,000
8 Inventories for sale or use ............ 0 8 0
9 Prepaid expenses and deferred charges ...... 27,213,000 9 35,544,000
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 4,584,069,000
b Less: accumulated depreciation 10b 1,372,876,000 2,928,004,000 10c 3,211,193,000
11 Investments—publicly traded securities . 721,085,084 11 780,686,000
12 Investments—other securities. See Part IV, line 11 ..... 1,406,706,916 12 1,568,586,000
13 Investments—program-related. See Part IV, line 11 .. 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 544,966,000 15 772,767,000
16 Total assets. Add lines 1 through 15 (must equal line 33)... 6,371,394,000 16 6,830,808,000
Liabilities 17 Accounts payable and accrued expenses ..... 317,586,000 17 214,894,000
18 Grants payable ... 22,317,000 18 23,849,000
19 Deferred revenue ......... 201,979,000 19 208,475,000
20 Tax-exempt bond liabilities ......... 715,190,000 20 862,205,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 470,335,000 23 503,451,000
24 Unsecured notes and loans payable to unrelated third parties .. 56,422,000 24 53,063,000
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 504,961,000 25 687,761,000
26 Total liabilities. Add lines 17 through 25.. 2,288,790,000 26 2,553,698,000
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 2,676,375,000 27 2,699,231,000
28 Net assets with donor restrictions ........... 1,406,229,000 28 1,577,879,000
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 4,082,604,000 32 4,277,110,000
33 Total liabilities and net assets/fund balances ........ 6,371,394,000 33 6,830,808,000
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
3,159,117,922
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
3,055,043,076
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
104,074,846
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
4,082,604,000
5
Net unrealized gains (losses) on investments ...............
5
116,070,154
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-25,639,000
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
4,277,110,000
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 328,563,000 274,050,926 340,098,580 459,259,730 372,755,274 1,774,727,510
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 328,563,000 274,050,926 340,098,580 459,259,730 372,755,274 1,774,727,510
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. 100,015,511
6 Public support. Subtract line 5 from line 4. 1,674,711,999
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 328,563,000 274,050,926 340,098,580 459,259,730 372,755,274 1,774,727,510
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 23,514,376 25,230,101 52,406,975 67,389,655 63,931,382 232,472,489
9 Net income from unrelated business activities, whether or not the business is regularly carried on..   4,108,910 2,262,317 748,310 3,361,968 10,481,505
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..           0
11 Total support. Add lines 7 through 10 2,017,681,504
12
12
10,852,940,090
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
83.002 %
15
15
80.751 %
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
SCHEDULE A, PART II, LINE 10 OTHER INCOME REPRESENTS GROSS INCOME FROM FUNDRAISING EVENTS.
Schedule A (Form 990) 2024


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
NORTHEASTERN UNIVERSITY
  		Employer identification number
04-1679980
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
NORTHEASTERN UNIVERSITY
  		Employer identification number

04-1679980
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
NORTHEASTERN UNIVERSITY
  		Employer identification number

04-1679980
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


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Software Version:  
SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........right arrow

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2021 (b) 2022 (c) 2023 (d) 2024 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990) 2024


Schedule C (Form 990) 2024
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
Yes
 
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
1,270,039
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
Yes
 
10,335
j
Total. Add lines 1c through 1i ....................................................................................................
1,280,374
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
No
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C, Part II-B, Line 1 The University retains legal counsel and other firms and employs staff who perform occasional lobbying activities. The University also pays membership dues to membership organizations which may engage in lobbying activities. Lobbying activities are focused on the interests of Northeastern University (including scientific research & student aid), its students and the higher education industry. During Fiscal Year 2025, payments for these services totaled $1,280,374
Schedule C (Form 990) 2024


Additional Data


Software ID:  
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SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $ 39,500
(ii)
Assets included in Form 990, Part X ...............................right arrow $ 27,801,000
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 1,906,218,000 1,713,921,000 1,612,834,000 1,540,802,000 1,135,453,000
b Contributions ... 17,350,000 32,995,000 39,973,000 222,197,000 30,896,000
c Net investment earnings, gains, and losses 214,385,000 214,768,000 113,741,000 -106,458,000 417,842,000
d Grants or scholarships ... 56,661,000 52,189,000 48,063,000 38,810,000 36,261,000
e Other expenditures for facilities
and programs ... 		1,285,244 33,038 1,483,000 2,095,000 4,164,000
f Administrative expenses .... 3,426,756 3,243,962 3,081,000 2,802,000 2,964,000
g End of year balance ...... 2,076,580,000 1,906,218,000 1,713,921,000 1,612,834,000 1,540,802,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow45.870 %
b
Permanent endowment right arrow53.110 %
c
Term endowment right arrow1.020 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
No
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   229,156,000 229,156,000
b Buildings ....   3,773,098,000 999,149,000 2,773,949,000
c Leasehold improvements        
d Equipment ....   581,815,000 373,727,000 208,088,000
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 3,211,193,000
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) PRIVATE EQUITY		 571,104,381 F

(B) HEDGE FUNDS		 726,669,733 F

(C) PARTNERSHIPS		 254,427,170 F

(D) OTHER INVESTMENTS		 16,384,716 F
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 1,568,586,000
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)RIGHT OF USE ASSETS 487,897,000
(2)OTHER ASSETS 108,934,000
(3)SPECIAL COLLECTIONS 27,801,000
(4)DEPOSITS WITH TRUSTEE 148,135,000
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow 772,767,000
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes 0
OPERATING LEASE LIABILITIES 551,926,000
CAPITAL LEASE 13,100,000
FEDERALLY FUNDED LOANS 5,775,000
OTHER LONG-TERM LIABILITIES 116,960,000





Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 687,761,000
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
SCHEDULE D, PART III, LINE 4 COLLECTION ITEMS ARE ACQUIRED BY DONATION AND INCLUDE WORKS OF ART, RARE BOOKS, AND OTHER DOCUMENTS. COLLECTIONS ARE HELD FOR THE PURPOSES OF ENHANCING CURRICULUM AND FOR PUBLIC EXHIBITION FOR EDUCATION PURPOSES OR RESEARCH; THEY ARE NOT HELD FOR FINANCIAL GAIN. COLLECTIONS ARE PROTECTED, CARED FOR, AND PRESERVED.
SCHEDULE D, PART V, LINE 4 SPENDING POLICY: INCOME FROM QUASI ENDOWMENT FUNDS ARE TO BE USED AS DESIGNATED BY THE BOARD OF TRUSTEES FOR OPERATIONS. TERM ENDOWMENTS ARE TO BE USED AS PER THE DONOR WISHES UPON TERMINATION OF THE CONTRACT. SPENDING POLICY INCOME FROM TRUE ENDOWMENT FUNDS ARE TO BE USED AS SET FORTH BY THE DONOR. CURRENTLY THESE FUNDS PRIMARILY SUPPORT SCHOLARSHIPS AND PROFESSORSHIPS.
SCHEDULE D, PART X, LINE 2 GAAP requires that Northeastern evaluate tax positions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). The University has analyzed the tax positions taken and has concluded that as of June 30, 2025, there are no significant uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


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SCHEDULE E(Form 990)
(Rev. January 2025)


Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-0047Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at
all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or through
newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no
solicitation program, in a way that makes the policy known to all parts of the general community it serves? If "Yes," please
describe. If "No," please explain. If you need more space use Part II. . . . . . . . . . . . . . . . . . .
3
 
No
 
4
Does the organization maintain the following:
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain in Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (Rev. 1-2025)
Schedule E (Form 990) (Rev. 1-2025)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information. See instructions.
Return Reference Explanation
RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE UNIVERSITY'S POLICY ON NON-DISCRIMINATION IS MADE AVAILABLE ON ITS WEBSITE. THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, RELIGION, DISABILITY, STATUS AS A VETERAN, NATIONAL OR ETHNIC ORIGIN, SEXUAL ORIENTATION, GENDER IDENTITY OR GENDER EXPRESSION, IN THE ADMINISTRATION OF ITS EDUCATION POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, OR OTHER SCHOOL-ADMINISTERED PROGRAMS. IN ADDITION, THE UNIVERSITY SATISFIES THE PUBLICITY REQUIREMENT OF SECTION 4.03 OF REV. PROC. 1975-50 BECAUSE THE UNIVERSITY CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS.
GOVERNMENTAL AID OR ASSISTANCE SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FOR ITS FINANCIAL AID PROGRAMS FROM VARIOUS PROGRAMS OF THE DEPARTMENT OF EDUCATION AND THE DEPARTMENT OF HEALTH AND HUMAN SERVICES.
Schedule E (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
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SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
Europe (Including Iceland and Greenland)     Investments   985,243
Central America and the Caribbean     Program Services CONFERENCE/WORKSHOPS 21,639
Central America and the Caribbean     Program Services FUNDRAISING ACTIVITIES 28,860
Central America and the Caribbean     Investments   289,947,499
Central America and the Caribbean     Program Services PROGRAM DEVELOPMENT 28,519
Central America and the Caribbean     Program Services RECRUITING 3,932
Central America and the Caribbean     Program Services RESEARCH 22,244
Central America and the Caribbean     Program Services STUDY ABROAD 120,196
East Asia and the Pacific     Program Services CONFERENCE/WORKSHOPS 388,198
East Asia and the Pacific     Program Services FUNDRAISING ACTIVITIES 60,791
East Asia and the Pacific     Program Services PROGRAM DEVELOPMENT 184,004
East Asia and the Pacific   10 Program Services RECRUITING 2,111,084
East Asia and the Pacific     Program Services RESEARCH 206,040
East Asia and the Pacific     Program Services STUDY ABROAD 1,045,811
Europe (Including Iceland and Greenland)     Program Services CONFERENCE/WORKSHOPS 956,136
Europe (Including Iceland and Greenland)     Program Services CO-OP JOB DEVELOPMENT 25,748
Europe (Including Iceland and Greenland)     Program Services FUNDRAISING ACTIVITIES 435,394
Europe (Including Iceland and Greenland)   3 Program Services PROGRAM DEVELOPMENT 1,153,276
Europe (Including Iceland and Greenland)     Program Services RECRUITING 110,556
Europe (Including Iceland and Greenland)     Program Services REGIONAL CAMPUS 118,061
Europe (Including Iceland and Greenland)     Program Services RESEARCH 1,684,556
Europe (Including Iceland and Greenland)     Program Services STUDENT ADVISING 43,587
Europe (Including Iceland and Greenland)     Program Services STUDY ABROAD 94,701,306
Middle East and North Africa     Program Services CONFERENCE/WORKSHOPS 36,911
Middle East and North Africa     Program Services FUNDRAISING ACTIVITIES 123,055
Middle East and North Africa     Program Services PROGRAM DEVELOPMENT 95,928
Middle East and North Africa   2 Program Services RECRUITING 341,892
Middle East and North Africa     Program Services RESEARCH 18,993
Middle East and North Africa     Program Services STUDY ABROAD 301,781
North America     Program Services CONFERENCE/WORKSHOPS 277,730
North America     Program Services FUNDRAISING ACTIVITIES 8,728
North America     Program Services PROGRAM DEVELOPMENT 130,657
North America     Program Services RECRUITING 781,141
North America 2 569 Program Services REGIONAL CAMPUS 31,891,618
North America     Program Services RESEARCH 323,085
North America     Program Services STUDY ABROAD 108,019
Russia and the Newly Independent States     Program Services PROGRAM DEVELOPMENT 130,243
South America     Program Services CONFERENCE/WORKSHOPS 26,725
South America     Program Services PROGRAM DEVELOPMENT 4,746
South America   1 Program Services RECRUITING 296,184
South America     Program Services RESEARCH 19,759
South America     Program Services STUDY ABROAD 359,689
South Asia     Program Services CONFERENCE/WORKSHOPS 53,129
South Asia     Program Services FUNDRAISING ACTIVITIES 17,040
South Asia     Program Services PROGRAM DEVELOPMENT 46,519
South Asia   24 Program Services RECRUITING 2,259,223
South Asia   1 Program Services RESEARCH 120,190
South Asia     Program Services STUDY ABROAD 17,450
Sub-Saharan Africa     Program Services CONFERENCE/WORKSHOPS 9,887
Sub-Saharan Africa     Program Services FUNDRAISING ACTIVITIES 3,453
Sub-Saharan Africa     Program Services PROGRAM DEVELOPMENT 2,773
Sub-Saharan Africa   5 Program Services RECRUITING 302,395
Sub-Saharan Africa     Program Services RESEARCH 77,491
Sub-Saharan Africa     Program Services STUDY ABROAD 154,688
Central America and the Caribbean     Grantmaking   162,330
East Asia and the Pacific     Grantmaking   214,268
Europe (Including Iceland and Greenland)     Grantmaking   932,585
Middle East and North Africa     Grantmaking   21,806
North America     Grantmaking   240,157
Russia and the Newly Independent States     Grantmaking   530
South America     Grantmaking   49,383
South Asia     Grantmaking   70,206
Sub-Saharan Africa     Grantmaking   351,336
3a Sub-total ....   10 296,571,338
b Total from continuation sheets to Part I ... 2 605 138,195,065
c Totals (add lines 3a and 3b) 2 615 434,766,403
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
  SUB-AWARD 41,085     N/A N/A
  SUB-AWARD 53,295     N/A N/A
             
  SUB-AWARD 7,500     N/A N/A
  SUB-AWARD 13,873     N/A N/A
  SUB-AWARD 69,604     N/A N/A
  SUB-AWARD 1,134,585     N/A N/A
  SUB-AWARD 11,852     N/A N/A
  SUB-AWARD 123,786     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 158,459     N/A N/A
North America SUB-AWARD 6,011     N/A N/A
Central America and the Caribbean SUB-AWARD 149,390     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 228,766     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 10,938     N/A N/A
North America SUB-AWARD 77,540     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 131,675     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 27,742     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 33,796     N/A N/A
Sub-Saharan Africa SUB-AWARD 47,635     N/A N/A
Sub-Saharan Africa SUB-AWARD 302,403     N/A N/A
North America SUB-AWARD 54,982     N/A N/A
Europe (Including Iceland and Greenland) SUB-AWARD 68,473     N/A N/A
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
13
3 Enter total number of other organizations or entities .......................MediumBullet
0
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
STUDENT FINANCIAL AID Central America and the Caribbean 6     12,940 TUTION OFFSET COST
STUDENT FINANCIAL AID East Asia and the Pacific 54     214,268 TUITION OFFSET COST
STUDENT FINANCIAL AID Europe (Including Iceland and Greenland) 28     272,736 TUITION OFFSET COST
STUDENT FINANCIAL AID Middle East and North Africa 8     21,806 TUITION OFFSET COST
STUDENT FINANCIAL AID North America 42     101,624 TUITION OFFSET COST
STUDENT FINANCIAL AID Russia and the Newly Independent States 1     530 TUITION OFFSET COST
STUDENT FINANCIAL AID South America 7     49,383 TUITION OFFSET COST
STUDENT FINANCIAL AID South Asia 35     70,206 TUITION OFFSET COST
STUDENT FINANCIAL AID Sub-Saharan Africa 3     1,298 TUITION OFFSET COST
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
SCHEDULE F, PART I, LINE 2 NORTHEASTERN UNIVERSITY ("NU") HAS A FULL TIME EMPLOYEE TO MONITOR ALL NU-ISSUED SUBAWARDS AND NU FOLLOWS FEDERAL REGULATIONS AS PART OF THE SUBRECIPIENT MONITORING UNDER Uniform Guidance 2 CFR 200; THE PRINCIPAL INVESTIGATOR FOR EACH AWARD MONITORS THEM AS WELL. NU reviews the institutions single audit under Uniform Guidance through the Federal Audit Clearinghouse website. Suspension and debarment statuses are reviewed in Sam.gov prior to each issuance. DESK REVIEWS ARE PERFORMED IF NEEDED AND PRINCIPAL INVESTIGATORS REVIEW AND/OR DELEGATE REVIEW AND APPROVE ALL INVOICES.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  



SCHEDULE G (Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
COPPER REEF ENTERPRISES DBA PLUS D
6965 EL CAMINO REAL STE 105-488
 
CARLSBAD, CA92009 		    No 0 91,737 0
MICHELLE CLARK CONSULTING LLC
1549 VISTA LANE
 
PASADENA, CA91103 		    No 0 201,450 0
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow 0 293,187 0
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

ATHLETIC GOLF
(event type) 		(b) Event #2

ICE HOCKEY GOLF
(event type) 		(c) Other events

4
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
159,603
76,745
152,243
388,591

2
Less: Contributions . . . .
94,800
50,030
42,807
187,637
3 Gross income (line 1 minus
line 2) . . . . . .
64,803
26,715
109,436
200,954



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . . 60,130 28,657 53,475 142,262
7 Food and beverages . . . 20,940   47,486 68,426
8 Entertainment . . . .     1,050 1,050
9 Other direct expenses . . . 9,167 7,570 36,675 53,412
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 265,150
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -64,196
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
Schedule G (Form 990) (Rev. 1-2025)
Additional Data


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Schedule I
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number
04-1679980
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) 1EDTECH FOUNDATION INC
801 INTERNATIONAL PKWY
LAKE MARY,FL32746 		83-1489371 501(C)(3) 41,085   N/A N/A SUB-AWARD
(2) AMERICAN SOCIETY FOR ENGINEERING EDUCATION
1818 N STREET STE 600
WASHINGTON,DC20036 		37-0730118 501(C)(3) 53,295   N/A N/A SUB-AWARD
(3) BLUSHIFT AEROSPACE INC
2 PEGASUS ST SUITE 2
BRUNSWICK,ME04011 		47-2049924 501(C)(3) 7,500   N/A N/A SUB-AWARD
(4) BOARD OF TRUSTEES OF WHITMAN COLLEGE
345 BOYER AVE
WALLA WALLA,WA993622067 		91-0567740 501(C)(3) 13,873   N/A N/A SUB-AWARD
(5) BOSTON MEDICAL CENTER CORPORATION
1 BOSTON MEDICAL CTR PL
BOSTON,MA02118 		47-3314093 501(C)(3) 69,604   N/A N/A SUB-AWARD
(6) BOSTON UNIVERSITY
25 BUICK STREET
BOSTON,MA02215 		04-2103547 501(C)(3) 1,134,585   N/A N/A SUB-AWARD
(7) BOSTON VA RESEARCH INSTITUTE
150 S HUNTINGTON AVE
BOSTON,MA021304817 		04-3081524 501(C)(3) 11,852   N/A N/A SUB-AWARD
(8) BRANDEIS UNIVERSITY
415 SOUTH ST
WALTHAM,MA02453 		04-2103552 501(C)(3) 123,786   N/A N/A SUB-AWARD
(9) BRIGHAM AND WOMEN'S HOSPITAL INC
75 FRANCIS STREET
BOSTON,MA02115 		04-2312909 501(C)(3) 279,633   N/A N/A SUB-AWARD
(10) BROWN UNIVERSITY
164 ANGELL STREET
PROVIDENCE,RI02912 		05-0258809 501(C)(3) 23,216   N/A N/A SUB-AWARD
(11) CAGAN AVI (DBA ENEREGAN LLC)
1003 TURNER TRCE E
MOUNT JULIET,TN37122 		27-1273986 N/A 57,657   N/A N/A SUB-AWARD
(12) CAL POLY CORPORATION
1 GRAND AVE
SAN LUIS OBISPO,CA934070380 		95-1648180 501(C)(3) 35,500   N/A N/A SUB-AWARD
(13) CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 E CALIFORNIA BLVD
PASADENA,CA91125 		95-1643307 501(C)(3) 40,752   N/A N/A SUB-AWARD
(14) CALIFORNIA STATE UNIVERSITY NORTHRIDGE
18111 NORDHOFF ST
NORTHRIDGE,CA913308457 		95-1992732 115 58,626   N/A N/A SUB-AWARD
(15) CHICAGO STATE UNIVERSITY
9501 S KING DRIVE
CHICAGO,IL60628 		36-2580815 115 211,978   N/A N/A SUB-AWARD
(16) CITY OF BOSTON
26 COURT STREET
BOSTON,MA02108 		04-3290071 115 96,334   N/A N/A SUB-AWARD
(17) CLARK UNIVERSITY
950 MAIN ST
WORCESTER,MA01610 		04-2111203 501(C)(3) 23,892   N/A N/A SUB-AWARD
(18) CLEMSON UNIVERSITY
105 SIKES HALL
CLEMSON,SC29634 		57-6000254 115 21,306   N/A N/A SUB-AWARD
(19) COASTAL ENTERPRISES INC
30 FEDERAL ST
BRUNSWICK,ME040111510 		01-0347504 501(C)(3) 75,639   N/A N/A SUB-AWARD
(20) COLUMBIA UNIVERSITY
PO BOX 29789
NEW YORK,NY10087 		13-5598093 501(C)(3) 585,000   N/A N/A SUB-AWARD
(21) COMMAND STRATEGIES LLC
1655 NORTH FT MEYER DR
ARLINGTON,VA22209 		26-4064164 N/A 331,517   N/A N/A SUB-AWARD
(22) COMMONWEALTH OF MASSACHUSETTS
250 NEW RUTHERFORD AVE
BOSTON,MA02129 		04-2710011 115 19,574   N/A N/A SUB-AWARD
(23) CORNELL UNIVERSITY
136 HOY ROAD
ITHACA,NY14853 		15-0532082 501(C)(3) 201,514   N/A N/A SUB-AWARD
(24) CSEDRESEARCHORG
3809 W ANCHOR DR
PEORIA,IL61615 		84-2616020 501(C)(3) 50,556   N/A N/A SUB-AWARD
(25) CSUPTWO LLC
6577 N CRESTWOOD DR
GLENDALE,WI53209 		27-0409224 N/A 94,949   N/A N/A SUB-AWARD
(26) CUPIX AMERICA INC
7460 WARREN PKWY STE 100
FRISCO,TX75034 		04-2761888 N/A 12,223   N/A N/A SUB-AWARD
(27) DANA FARBER CANCER INST
44 BINNEY STREET
BOSTON,MA02115 		04-2263040 501(C)(3) 392,346   N/A N/A SUB-AWARD
(28) DARTMOUTH COLLEGE
11 ROPE FERRY RD 6210
HANOVER,NH03755 		02-0222111 501(C)(3) 203,103   N/A N/A SUB-AWARD
(29) DREXEL UNIVERSITY
3020 MARKET ST
PHILADELPHIA,PA19104 		23-1352630 501(C)(3) 38,582   N/A N/A SUB-AWARD
(30) EMORY UNIVERSITY
1462 CLIFTON RD
ATLANTA,GA30322 		58-0566256 501(C)(3) 75,296   N/A N/A SUB-AWARD
(31) FLORIDA A & M UNIVERSITY
1700 LEE HALL DR
TALLAHASSEE,FL32307 		59-0977035 115 19,347   N/A N/A SUB-AWARD
(32) FLORIDA INTERNATIONAL UNIVERSITY
600 W COLLEGE AVE
TALLAHASSEE,FL32306 		59-1961248 115 28,756   N/A N/A SUB-AWARD
(33) FLORIDA STATE UNIVERSITY
874 TRADITIONS WAY
TALLAHASSEE,FL32306 		59-1961248 115 15,154   N/A N/A SUB-AWARD
(34) FRANKLIN W OLIN COLLEGE OF ENGINEER
1000 OLIN WAY
NEEDHAM,MA02492 		06-1519057 501(C)(3) 36,687   N/A N/A SUB-AWARD
(35) FRED HUTCHINSON CANCER RESEARCH CENTER
1100 FAIRVIEW AVE
SEATTLE,WA98109 		91-1935159 501(C)(3) 65,544   N/A N/A SUB-AWARD
(36) GEISINGER CLINIC
100 NORTH ACADEMY AVE
DANVILLE,PA17822 		23-6291113 501(C)(3) 38,418   N/A N/A SUB-AWARD
(37) GENERAL HOSPITAL CORP
165 CAMBRIDGE ST
BOSTON,MA02114 		04-2697983 501(C)(3) 337,598   N/A N/A SUB-AWARD
(38) GEORGETOWN UNIVERSITY
37TH O STREETS
WASHINGTON,DC200570001 		53-0196603 501(C)(3) 31,161   N/A N/A SUB-AWARD
(39) GEORGIA TECH RESEARCH CORP
505 10TH STREET
ATLANTA,GA303320420 		58-0603146 501(C)(3) 116,640   N/A N/A SUB-AWARD
(40) GINKGO BIOWORKS INC
27 DRYDOCK AVE FL 8
BOSTON,MA022102383 		26-3118890 N/A 249,940   N/A N/A SUB-AWARD
(41) GREENWAVE ORGANIZATION CORP
315 FRONT ST
NEW HAVEN,CT06513 		47-5438012 501(C)(3) 24,450   N/A N/A SUB-AWARD
(42) HAMPTON UNIVERSITY
100 E QUEEN STREET
HAMPTON,VA23668 		54-0505990 501(C)(3) 28,315   N/A N/A SUB-AWARD
(43) HAZARDS & EXPLOSIVES RESEARCH & EDUCATION LLC
7 TAYLOR STREET
NARRANGANSETT,RI02882 		57-1167115 N/A 250,000   N/A N/A SUB-AWARD
(44) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
ONE GUSTAVE L LEVY
NEW YORK,NY100296574 		13-6171197 501(C)(3) 121,650   N/A N/A SUB-AWARD
(45) INDIANA UNIVERSITY
509 E 3RD STREET
BLOOMINGTON,IN47401 		35-6001673 115 952,744   N/A N/A SUB-AWARD
(46) INNOVATION IMPACT INTERNATIONAL LLC
2815 OAK KNOLL TER
BERKELEY,CA947051412 		99-3875079 501(C)(3) 149,835   N/A N/A SUB-AWARD
(47) INTEGRATED SOLUTIONS FOR SYSTEMS
2995 WALL TRIANA
HUNSTVILLE,AL358241531 		26-1687937 N/A 1,684,303   N/A N/A SUB-AWARD
(48) IOWA STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY
OSPA 1138 PEARSON HALL
AMES,IA50011 		42-6004224 115 5,114   N/A N/A SUB-AWARD
(49) JOHN HOPKINS UNIVERSITY
3400 N CHARLES ST
BALTIMORE,MD21218 		52-0595110 501(C)(3) 437,556   N/A N/A SUB-AWARD
(50) KLATT WORKS INC
5653 STONERIDGE
PLEASANTON,CA94588 		83-3400930 N/A 16,663   N/A N/A SUB-AWARD
(51) LAFAYETTE COLLEGE
219 MARKLE HALL
EASTON,PA18042 		24-0795686 501(C)(3) 12,455   N/A N/A SUB-AWARD
(52) LOS ALAMOS NATIONAL LABORATORY
PO BOX 1663 P-21
LOS ALMOS,NM87545 		20-3104541 N/A 484,115   N/A N/A SUB-AWARD
(53) LUKLA INC
1430 SE THIRD AVE
PORTLAND,OR97214 		83-1089488 501(C)(3) 347,455   N/A N/A SUB-AWARD
(54) MAKSCIENTIFIC LLC
151 SOUTH BEDFORD ST
BURLINGTON,MA01803 		20-0748720 N/A 435,743   N/A N/A SUB-AWARD
(55) MANOMET INC
125 MANOMET POINT RD
PLYMOUTH,MA02360 		22-3051362 501(C)(3) 13,550   N/A N/A SUB-AWARD
(56) MARINE BIOLOGICAL LABORATORY
22 MBL ST
WOODS HOLE,MA02543 		04-2104690 501(C)(3) 25,408   N/A N/A SUB-AWARD
(57) MARINE HYDRAULICS INTERNATIONAL LLC
543 EAST INDIAN RIVER RD
NORFOLK,VA23523 		54-1034510 N/A 58,928   N/A N/A SUB-AWARD
(58) MASSBAY COMMUNITY COLLEGE
50 OAKLAND STREET
WELLESLEY HILLS,MA02481 		04-6002284 501(C)(3) 43,450   N/A N/A SUB-AWARD
(59) MEDIA ECOSYSTEM ANALYSIS GROUP INC
1337 MASSACHUSETTS AVE
ARLINGTON,MA02476 		82-2956461 501(C)(3) 175,991   N/A N/A SUB-AWARD
(60) MIDDLESEX COMMUNITY COLLEGE
33 KEARNEY SQUARE
LOWELL,MA01852 		04-2720058 501(C)(3) 50,000   N/A N/A SUB-AWARD
(61) MISSISSIPPI STATE UNIVERSITY
245 BARR AVENUE
MISSISSIPPI STATE,MS39762 		64-6000819 501(C)(3) 107,755   N/A N/A SUB-AWARD
(62) NEW JERSEY INSTITUTE OF TECHNOLOGY
UNIVERSITY HEIGHTS
NEWARK,NJ071021982 		22-1714037 501(C)(3) 149,571   N/A N/A SUB-AWARD
(63) NEW MEXICO STATE UNIVERSITY
2850 WEDDELL
LAS CRUCES,NM88003 		85-6000401 501(C)(3) 52,149   N/A N/A SUB-AWARD
(64) NEW YORK UNIVERSITY
105 EAST 17TH ST 3RD FL
NEW YORK,NY10003 		13-5562308 501(C)(3) 102,172   N/A N/A SUB-AWARD
(65) NEXGEN COMPOSITES LLC
10979 REED HARTMAN HWY
CINCINNATI,OH45242 		45-5075259 N/A 471,671   N/A N/A SUB-AWARD
(66) NORTH CAROLINA STATE UNIVERSITY
104 AIRPORT DRIVE
CHAPEL HILL,NC27599 		56-6001393 501(C)(3) 83,160   N/A N/A SUB-AWARD
(67) NORTHEAST SEAFOOD COALITION
1 BLACKBURN CTR
GLOUCESTER,MA019302296 		04-3689991 501(C)(6) 16,825   N/A N/A SUB-AWARD
(68) NORTHERN ARIZONA UNIVERSITY
620 S KNOLES
FLAGSTAFF,AZ86011 		86-0193726 501(C)(3) 1,230,619   N/A N/A SUB-AWARD
(69) NORTHWEST ENERGY EFFICIENCY COUNCIL
1200 12TH AVE S STE 110
SEATTLE,WA98144 		91-1678969 501(C)(6) 16,423   N/A N/A SUB-AWARD
(70) NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES (NU
PO BOX 30
NORTHFIELD,VT05663 		06-1669185 501(C)(3) 40,531   N/A N/A SUB-AWARD
(71) NOVA SOUTHEASTERN UNIVERSITY INC
3301 COLLEGE AVE
FORT LAUDERDALE,FL33314 		59-1083502 501(C)(3) 7,913   N/A N/A SUB-AWARD
(72) OASIS HEALTH NETWORK INC
66 BARIBEAU DRIVE
BRUNSWICK,ME040113230 		01-0497587 501(C)(3) 10,000   N/A N/A SUB-AWARD
(73) OHIO STATE UNIVERSITY
1960 KENNY ROAD
COLUMBUS,OH432101016 		31-6025986 115 46,511   N/A N/A SUB-AWARD
(74) OHIO UNIVERSITY
1960 KENNY ROAD
COLUMBUS,OH432101016 		31-6025986 501(C)(3) 25,775   N/A N/A SUB-AWARD
(75) OPAL GLOBAL LLC
137 HIGH ST
BELFAST,ME049156358 		83-3954687 501(C)(3) 18,446   N/A N/A SUB-AWARD
(76) OREGON HEALTH AND SCIENCE UNIVERSITY
2525 SW 1ST AVE STE 125
PORTLAND,OR97201 		93-1176109 501(C)(3) 382,475   N/A N/A SUB-AWARD
(77) OREGON STATE UNIVERSITY
3181 SW SAM JACKSON PK
PORTLAND,OR97239 		93-1176109 115 99,617   N/A N/A SUB-AWARD
(78) OSCILLOSCAPE LLC
400 FARMINGTON AVE
FARMINGTON,CT06032 		23-2944370 N/A 182,911   N/A N/A SUB-AWARD
(79) PENDAR TECHNOLOGIES LLC
30 SPINELLI PL
CAMBRIDGE,MA021381040 		45-0601705 N/A 14,933   N/A N/A SUB-AWARD
(80) PRESIDENT AND FELLOWS OF HARVARD COLLEGE
1350 MASSACHUSETTS AVE
CAMBRIDGE,MA02138 		04-2103580 501(C)(3) 84,238   N/A N/A SUB-AWARD
(81) PREVENT CHILD ABUSE-VERMONT
PO BOX 829
MONTPELIER,VT05601 		03-0267183 501(C)(3) 43,063   N/A N/A SUB-AWARD
(82) PRINCETON UNIVERSITY
701 CARNEGIE CENTER
PRINCETON,NJ08540 		21-0634501 501(C)(3) 58,837   N/A N/A SUB-AWARD
(83) PUERTO RICO SCIENCE TECHNOLOGY AND RESEARCH TRUST
PO BOX 363475
SAN JUAN,PR00936 		66-0675963 501(C)(3) 13,815   N/A N/A SUB-AWARD
(84) PURDUE UNIVERSITY
1065 FREEHAFER HL
WEST LAFAYETTE,IN47907 		35-6002041 501(c)(3) 105,680   N/A N/A SUB-AWARD
(85) RAYTHEON TECHNOLOGIES CORPORATION
870 WINTER ST
WALTHAM,MA02451 		95-1778500 N/A 21,148   N/A N/A SUB-AWARD
(86) RECINTO DE CIENCIAS MEDICAS
PO BOX 365067
SAN JUAN,PR00936 		66-0433762 N/A 600,355   N/A N/A SUB-AWARD
(87) REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY
2195 HEARST AVE RM 159
BERKELEY,CA94720 		94-6002123 115 471,929   N/A N/A SUB-AWARD
(88) REGENTS OF THE UNIVERSITY OF MICHIGAN
3089 WOLVERINE TOWER
ANN ARBOR,MI48109 		38-6006309 115 1,003,975   N/A N/A SUB-AWARD
(89) REGENTS UNIVERSITY OF CALIFORNIA LOS ANGELES
10889 WILSHIRE BLVD
LOS ANGELES,CA90095 		95-6006143 115 5,794   N/A N/A SUB-AWARD
(90) RENSSELAER POLYTECHNIC INSTITUTE
110 8TH STREET
TROY,NY12180 		14-1340095 501(C)(3) 81,079   N/A N/A SUB-AWARD
(91) RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NY
402 CROFTS HALL
BUFFALO,NY14260 		14-1368361 501(C)(3) 558,427   N/A N/A SUB-AWARD
(92) RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NY
402 CROFTS HALL
NEW YORK,NY14260 		14-1368361 501(C)(3) 5,444   N/A N/A SUB-AWARD
(93) RHODE ISLAND HOSPITAL
593 EDDY STREET
PROVIDENCE,RI029034923 		05-0258954 501(C)(3) 29,071   N/A N/A SUB-AWARD
(94) RTI INTERNATIONAL
BOX 12194
RESEARCH TRIANGLE PARK,NC27709 		56-0686338 501(C)(3) 89,928   N/A N/A SUB-AWARD
(95) RUTGERS THE STATE UNIVERSITY
110 FRELINGHUYSEN RD
PISCATAWAY,NJ08854 		22-6001086 501(C)(3) 585,717   N/A N/A SUB-AWARD
(96) SACRED HEART UNIVERSITY INC
5151 PARK AVE
FAIRFIELD,CT068251085 		06-0776644 501(C)(3) 20,682   N/A N/A SUB-AWARD
(97) SAGEFOX CONSULTING GROUP LLC
30 BOLTWOOD WALK
AMHERST,MA01002 		26-2664749 N/A 177,335   N/A N/A SUB-AWARD
(98) SILENT SPRING INSTITUTE
29 CRAFTS ST
NEWTON,MA02458 		04-3237106 501(C)(3) 21,529   N/A N/A SUB-AWARD
(99) SIMPSON GUMPERTZ & HEGER INC
1999 HARRISON ST STE 2400
OAKLAND,CA94612 		04-2256923 N/A 57,682   N/A N/A SUB-AWARD
(100) SIMULATIONS PLUS INC
42505 10TH ST
LANCASTER,CA935347059 		95-4595609 N/A 19,806   N/A N/A SUB-AWARD
(101) SOUTHERN METHODIST UNIVERSITY
6425 BOAZ LANE
DALLAS,TX752051902 		75-0800689 501(C)(3) 92,184   N/A N/A SUB-AWARD
(102) SPRINGFIELD TECHNICAL COMMUNITY COLLEGE
ONE ARMORY SQUARE
SPRINGFIELD,MA01105 		22-2612044 115 10,751   N/A N/A SUB-AWARD
(103) SUFFOLK UNIVERSITY
8 ASHBURTON PLACE
BOSTON,MA02108 		04-2133255 501(C)(3) 15,402   N/A N/A SUB-AWARD
(104) SWARTHMORE COLLEGE
500 COLLEGE AVE
SWARTHMORE,PA19081 		23-1352683 501(C)(3) 9,285   N/A N/A SUB-AWARD
(105) TALLER SALUD INC
PO BOX 524
LOIZA,PR00976 		66-0494692 501(C)(3) 6,958   N/A N/A SUB-AWARD
(106) TECH GOES HOME INC
131 DARTMOUTH ST 3RD FL
BOSTON,MA02116 		20-8629591 501(C)(3) 15,000   N/A N/A SUB-AWARD
(107) TECHNICAL EDUCATION RESEARCH CENTERS
2067 MASSACHUSETTS AVE
CAMBRIDGE,MA02140 		04-6134355 501(C)(3) 29,896   N/A N/A SUB-AWARD
(108) TEMPLE UNIVERSITY
1801 N BROAD ST
PHILADELPHIA,PA19122 		23-1365971 501(C)(3) 1,693,254   N/A N/A SUB-AWARD
(109) TENNESSEE TECH UNIVERSITY
1 WILLIAM L JONES DR
COOKEVILLE,TN38505 		59-1777911 501(C)(3) 12,053   N/A N/A SUB-AWARD
(110) TEXAS A&M UNIVERSITY SYSTEM
400 HARVEY MITCHELL
COLLEGE ST,TX77845 		74-6000531 115 30,338   N/A N/A SUB-AWARD
(111) THE BRIGHAM AND WOMEN'S HOSPITAL INC
75 FRANCIS STREET
BOSTON,MA02115 		04-2312909 501(C)(3) 343,754   N/A N/A SUB-AWARD
(112) THE CHILDREN'S HOSPITAL CORPORATION
300 LONGWOOD AVE
BOSTON,MA02115 		04-2774441 501(C)(3) 44,157   N/A N/A SUB-AWARD
(113) THE COMPUTING RESEARCH ASSOCIATION INC
STE 800 1828 L ST
WASHINGTON,DC20036 		52-1622336 501(c)(3) 523,900   N/A N/A SUB-AWARD
(114) THE DISTRICT OF COLUMBIA CHILDREN'S ADVOCACY CENTE
429 O ST NW
WASHINGTON,DC20001 		52-1888617 501(c)(3) 198,124   N/A N/A SUB-AWARD
(115) THE MCLEAN HOSPITAL CORPORATION
115 MILL ST
BELMONT,MA02478 		04-2697981 501(c)(3) 25,825   N/A N/A SUB-AWARD
(116) THE MITRE CORPORATION
7515 COLSHIRE DR
MCLEAN,VI221027539 		04-2239742 501(c)(3) 33,682   N/A N/A SUB-AWARD
(117) THE RECTORS & VISITORS OF THE UNIVERSITY OF VIRGIN
BOX 4000195
CHARLOTTESVILLE,VA229044195 		54-6001796 501(c)(3) 13,640   N/A N/A SUB-AWARD
(118) THE RIGHT QUESTION INSTITUTE
2464 MASSACHUSETTS AVE
CAMBRIDGE,MA02140 		04-3099027 501(c)(3) 49,510   N/A N/A SUB-AWARD
(119) THE SALK INSTITUTE FOR BIOLOGICAL STUDIES
10010 N TORREY PINES RD
LA JOLLA,CA92037 		95-2160097 501(c)(3) 148,262   N/A N/A SUB-AWARD
(120) THE TRUSTEE OF COLUMBIA UNIVERSITY IN THE CITY OF
615 WEST 131ST ST
NEW YORK,NY10027 		13-5598093 501(c)(3) 501,276   N/A N/A SUB-AWARD
(121) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE
SHELBIE KING HALL 304
HUNTSVILL,AL35899 		63-6048099 501(c)(3) 321,423   N/A N/A SUB-AWARD
(122) THE UNIVERSITY OF TEXAS AT EL PASO
500 W UNIV AVE RM 200
EL PASO,TX79968 		74-6000813 501(c)(3) 12,016   N/A N/A SUB-AWARD
(123) THE UNIVERSITY OF TEXAS AT TYLER
3900 UNIVERSITY BLVD
TYLER,TX757996600 		75-1396988 501(c)(3) 174,414   N/A N/A SUB-AWARD
(124) THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
1515 HOLCOMB BLVD
HOUSTON,TX77030 		74-6001118 501(c)(3) 22,499   N/A N/A SUB-AWARD
(125) THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY
ONE WEST UNIV BLVD
BROWNSVILLE,TX78520 		46-5292740 115 23,966   N/A N/A SUB-AWARD
(126) THOMAS JEFFERSON UNIVERSITY
1101 MARKET ST
PHILADELPHIA,PA19107 		23-1352651 501(c)(3) 141,906   N/A N/A SUB-AWARD
(127) TRACE SENSING TECHNOLOGIES INC
55 BARNES PARK
WALLINGFORD,CT064921883 		92-2973975 N/A 40,999   N/A N/A SUB-AWARD
(128) TRUSTEES OF BOSTON COLLEGE
140 COMMONWEALTH
CHESTNUT HILL,MA02467 		04-2103545 501(c)(3) 64,695   N/A N/A SUB-AWARD
(129) TRUSTEES OF THE BOSTON PUBLIC LIBRARY
700 BOYLSTON ST
BOSTON,MA02116 		04-6151731 115 128,097   N/A N/A SUB-AWARD
(130) TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY
ONE CASTLE POINT
HOBOKEN,NJ07030 		22-1487354 501(c)(3) 200,569   N/A N/A SUB-AWARD
(131) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
PO BOX 785541
PHILALDELPHIA,PA19178 		23-1352685 501(c)(3) 359,182   N/A N/A SUB-AWARD
(132) TRUSTEES OF TUFTS COLLEGE
136 HARRISON AVE
BOSTON,MA021111817 		04-2103634 501(c)(3) 9,505   N/A N/A SUB-AWARD
(133) TUFTS MEDICAL CENTER
800 WASHINGTON ST
BOSTON,MA021111526 		04-3400617 501(c)(3) 345,248   N/A N/A SUB-AWARD
(134) TUFTS UNIVERSITY
169 HOLLAND ST
SOMERVILLE,MA02144 		04-2103634 501(c)(3) 303,839   N/A N/A SUB-AWARD
(135) TURNAROUND FACTOR INC
7847 RIVERSIDE DR
RICHMOND,VA23225 		01-0550229 N/A 202,340   N/A N/A SUB-AWARD
(136) UNIV OF CALIFORNIA IRVINE
120 THEORY STE 200
IRVINE,CA92617 		95-2226406 501(c)(3) 421,537   N/A N/A SUB-AWARD
(137) UNIVERSITY ENTERPRISES CORP CSUSB
5500 UNIV PKWY
SAN BERNARDINO,CA92407 		95-6067343 501(c)(3) 27,011   N/A N/A SUB-AWARD
(138) UNIVERSITY OF ALABAMA
BOX 870104
TUSCALOOSA,AL35487 		63-6001138 501(c)(3) 243,186   N/A N/A SUB-AWARD
(139) UNIVERSITY OF ARKANSAS
4301 W MARKHAM ST 812
LITTLE ROCK,AR72205 		71-6046242 501(c)(3) 75,834   N/A N/A SUB-AWARD
(140) UNIVERSITY OF CONNECTICUT
438 WHITNEY STREET
STORRS,CT06269 		06-0772160 115 51,744   N/A N/A SUB-AWARD
(141) UNIVERSITY OF DELAWARE
621 S COLLEGE AVE
NEWARK,DE19716 		51-6000297 501(c)(3) 52,015   N/A N/A SUB-AWARD
(142) UNIVERSITY OF FLORIDA
PO BOX 115000
GAINESVILLE,FL32601 		59-6002052 501(c)(3) 583,268   N/A N/A SUB-AWARD
(143) UNIVERSITY OF GEORGIA RESEARCH FOUNDATION INC
310 E CAMPUS ROAD
ATHENS,GA306021589 		58-1353149 501(c)(3) 1,010,698   N/A N/A SUB-AWARD
(144) UNIVERSITY OF HAWAII
2440 CAMPUS RD
HONOLULU,HI968222234 		99-6000354 501(c)(3) 47,783   N/A N/A SUB-AWARD
(145) UNIVERSITY OF HOUSTON
4800 CALHOUN RD
HOUSTON,TX77004 		74-6001399 115 303,740   N/A N/A SUB-AWARD
(146) UNIVERSITY OF ILLINOIS
506 S WRIGHT ST
URBANA,IL61801 		37-6000511 115 435,388   N/A N/A SUB-AWARD
(147) UNIVERSITY OF KENTUCKY
500 SOUTH LIMESTONE
LEXINGTON,KY40526 		61-6033693 501(c)(3) 192,206   N/A N/A SUB-AWARD
(148) UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC
300 E MARKET ST
LOUISVILLE,KY402021959 		61-1014882 501(C)(3) 34,894   N/A N/A SUB-AWARD
(149) UNIVERSITY OF MARYLAND
3112 LEE BLDG
COLLEGE PARK,MD207425141 		52-6002033 501(C)(3) 52,204   N/A N/A SUB-AWARD
(150) UNIVERSITY OF MASSACHUSETTS-AMHERST
70 BUTTERFIELD TERR
AMHERST,MA01003 		04-3167352 115 2,454,010   N/A N/A SUB-AWARD
(151) UNIVERSITY OF MISSOURI
PO BOX 806010
KANSAS CITY,MO64180 		43-6003859 501(c)(3) 267,191   N/A N/A SUB-AWARD
(152) UNIVERSITY OF NEW HAMPSHIRE
51 COLLEGE ROAD
DURHAM,NH03824 		02-6000937 115 124,069   N/A N/A SUB-AWARD
(153) UNIVERSITY OF NORTH TEXAS
1155 UNION CIRCLE
DENTON,TX762035017 		75-6002149 115 1,999,473   N/A N/A SUB-AWARD
(154) UNIVERSITY OF NOTRE DAME
415 MAIN BLDG
NOTRE DAME,IN46556 		35-0868188 501(c)(3) 132,164   N/A N/A SUB-AWARD
(155) UNIVERSITY OF PENNSYLVANIA
3451 WALNUT ST
PHILADELPHIA,PA191046205 		23-1352685 501(C)(3) 86,675   N/A N/A SUB-AWARD
(156) UNIVERSITY OF PITTSBURGH
300 MURDOCH BLDG
PITTSBURGH,PA15260 		25-0965591 501(c)(3) 1,486,583   N/A N/A SUB-AWARD
(157) UNIVERSITY OF PUERTO RICO - MAYAGUEZ CAMPUS
259 BOULEVARD ALFONSO
MAYAGUEZ,PR00681 		66-0433761 115 178,734   N/A N/A SUB-AWARD
(158) UNIVERSITY OF RHODE ISLAND
70 LOWER COLLEGE RD
KINGSTON,RI02881 		22-3011455 501(c)(3) 343,309   N/A N/A SUB-AWARD
(159) UNIVERSITY OF SOUTH ALABAMA
307 N UNIVERSITY BLVD
MOBILE,AL36688 		63-0477348 501(c)(3) 57,823   N/A N/A SUB-AWARD
(160) UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON STREET
COLUMBIA,SC29208 		57-6001153 501(c)(3) 28,000   N/A N/A SUB-AWARD
(161) UNIVERSITY OF SOUTH FLORIDA
4202 E FOWLER AVE STE 100
TAMPA,FL33617 		59-3102112 501(c)(3) 1,140,915   N/A N/A SUB-AWARD
(162) UNIVERSITY OF SOUTHERN CALIFORNIA
3500 S FIGUEROA ST
LOS ANGELES,CA90089 		95-1642394 501(c)(3) 506,444   N/A N/A SUB-AWARD
(163) UNIVERSITY OF SOUTHERN MAINE
5703 ALUMNI HALL STE 101
ORONO,ME04469 		01-6000769 501(c)(3) 18,366   N/A N/A SUB-AWARD
(164) UNIVERSITY OF TENNESSEE
1534 WHITE AVE
KNOXVILLE,TN37996 		62-6001636 115 37,282   N/A N/A SUB-AWARD
(165) UNIVERSITY OF TEXAS AT ARLINGTON
701 S NEDDERMAN DR
ARLINGTON,TX76019 		75-6000121 115 27,454   N/A N/A SUB-AWARD
(166) UNIVERSITY OF TEXAS AUSTIN
111 EAST 17TH ST
AUSTIN,TX78774 		74-6000089 115 249,520   N/A N/A SUB-AWARD
(167) UNIVERSITY OF UTAH
201 S PRESIDENTS CIR
SALT LAKE,UT84112 		87-6000525 115 68,224   N/A N/A SUB-AWARD
(168) UNIVERSITY OF WASHINGTON
PO BOX 43113
OLYMPIA,WA98504 		91-6001089 115 543,790   N/A N/A SUB-AWARD
(169) UNIVERSITY OF WISCONSIN
KELLNER HALL
MADISON,WI53711 		39-6006492 501(c)(3) 16,841   N/A N/A SUB-AWARD
(170) UNIVERSITY OF WISCONSIN-MADISON
DRAWER 538
MILWAUKEE,WI53278 		39-6006492 501(c)(3) 108,398   N/A N/A SUB-AWARD
(171) UNIVERSITY SYSTEM OF NEW HAMPSHIRE
51 COLLEGE ROAD RM 109
DURHAM,NH03824 		02-6000937 115 14,508   N/A N/A SUB-AWARD
(172) US IGNITE INC
1150 18TH STREET NW
WASHINGTON,DC20036 		45-3943413 501(c)(3) 6,842,860   N/A N/A SUB-AWARD
(173) UTAH STATE UNIVERSITY
1415 OLD MAIN HILL ROOM 64
LOGAN,UT84322 		87-6000528 115 53,563   N/A N/A SUB-AWARD
(174) VA INSTITUTE OF MARINE SCIENCE
PO BOX 1346
GLOUCESTER PT,VA23062 		54-2027915 501(c)(3) 46,858   N/A N/A SUB-AWARD
(175) VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY
300 TURNER STREET NW
BLACKSBURG,VA24061 		54-6001805 115 97,753   N/A N/A SUB-AWARD
(176) VIRSCIO INC
4 SCIENCE PARK 4TH FL
NEW HAVEN,CT06511 		04-3682460 N/A 100,000   N/A N/A SUB-AWARD
(177) WASHINGTON STATE UNIVERSITY
PO BOX 64133
PULLMAN,WA99164 		91-6033434 501(c)(3) 17,471   N/A N/A SUB-AWARD
(178) WASHINGTON UNIVERSITY
700 ROSEDALE AVE
SAINT LOUIS,MO63112 		43-0653611 501(c)(3) 394,512   N/A N/A SUB-AWARD
(179) WAYNE STATE UNIVERSITY
5057 WOODWARD AVE
DETROIT,MI48202 		38-6028429 501(c)(3) 77,139   N/A N/A SUB-AWARD
(180) WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION
ONE WATERFRONT PL
MORGANTOWN,WV26506 		55-0665758 115 108,094   N/A N/A SUB-AWARD
(181) WORCESTER POLYTECHNIC INST
100 INSTITUTE RD
WORCESTER,MA01609 		04-2121659 501(c)(3) 324,654   N/A N/A SUB-AWARD
(182) YALE UNIVERSITY
PO BOX 208240
NEW HAVEN,CT06520 		04-3207562 501(c)(3) 418,215   N/A N/A SUB-AWARD
(183) ZEPSOR TECHNOLOGIES INC
40 TRAVELER ST APT 508
BOSTON,MA02118 		86-1381108 N/A 299,043   N/A N/A SUB-AWARD
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
158
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
25
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) STUDENT FINANCIAL AID 28297   641,026,089 COST TUITION OFFSET
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
SCHEDULE I, PART I, LINE 2 GRANT FUNDING IS AWARDED TO STUDENTS BY STUDENT FINANCIAL SERVICES WITHIN ESTABLISHED BUDGET LEVELS BASED ON UNIVERSITY POLICIES. GRANT FUNDS ARE CREDITED TO INDIVIDUAL STUDENT ACCOUNTS ELECTRONICALLY. STUDENT FINANCIAL SERVICES WORKS WITH ADVANCEMENT STAFF TO ENSURE THAT RESTRICTED FUNDS ARE AWARDED WITHIN ESTABLISHED CRITERIA, AND WITH FINANCE STAFF TO DETERMINE AVAILABILITY OF FUNDS. STUDENT FINANCIAL SERVICES MAINTAINS INTERNAL POLICIES AND PROCEDURES FOR THE CORRECT AWARDING AND ADJUSTING OF INSTITUTIONAL FUNDS. ANNUAL AUDITS ARE CONDUCTED TO ASSURE COMPLIANCE WITH ALL POLICIES AND PROCEDURES. NORTHEASTERN UNIVERSITY (NU) HAS A FULL TIME EMPLOYEE TO MONITOR ALL SUBAWARDS. - NU FOLLOWS FEDERAL REGULATIONS AS PART OF THE SUBRECIPIENT MONITORING UNDER UNIFORM GUIDANCE 2 CFR 200. - NU reviews the institutions single audit under Uniform Guidance through the Federal Audit Clearinghouse website. - Suspension and debarment statuses are reviewed in Sam.gov prior to each issuance. - DESK REVIEWS ARE PERFORMED, AND PRINCIPAL INVESTIGATORS APPROVE ALL INVOICES.
Schedule I (Form 990) Rev. 1-2025



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (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
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1Joseph E Aoun
President/Trustee 		(i)

(ii)		 1,341,117
-------------
0 		700,000
-------------
0 		178,883
-------------
0 		652,185
-------------
0 		173,243
-------------
0 		3,045,428
-------------
0 		0
-------------
0
2Diane N MacGillivray
SVP of University Advancement 		(i)

(ii)		 903,740
-------------
0 		131,141
-------------
0 		73,540
-------------
0 		299,500
-------------
0 		32,438
-------------
0 		1,440,359
-------------
0 		0
-------------
0
3David Madigan
Provost & SVP 		(i)

(ii)		 954,284
-------------
0 		139,093
-------------
0 		79,411
-------------
0 		109,500
-------------
0 		33,894
-------------
0 		1,316,182
-------------
0 		0
-------------
0
4Michael A Armini
SVP - External Affairs 		(i)

(ii)		 572,129
-------------
0 		84,444
-------------
0 		34,814
-------------
0 		184,500
-------------
0 		66,967
-------------
0 		942,854
-------------
0 		0
-------------
0
5Thomas Nedell
SVP Finance and Treasurer 		(i)

(ii)		 920,098
-------------
0 		134,805
-------------
0 		74,768
-------------
0 		309,500
-------------
0 		84,862
-------------
0 		1,524,033
-------------
0 		0
-------------
0
6Kenneth W Henderson
Chancellor and SVP Learning 		(i)

(ii)		 682,090
-------------
0 		134,604
-------------
0 		51,577
-------------
0 		234,500
-------------
0 		40,331
-------------
0 		1,143,102
-------------
0 		0
-------------
0
7Jacqueline Isaacs
VICE PROVOST FACULTY AFFAIRS 		(i)

(ii)		 229,900
-------------
0 		21,327
-------------
0 		87,249
-------------
0 		33,877
-------------
0 		2,264
-------------
0 		374,617
-------------
0 		0
-------------
0
8Carmen Sceppa
Dean - Bouv Health Sciences 		(i)

(ii)		 500,292
-------------
0 		57,245
-------------
0 		26,070
-------------
0 		34,500
-------------
0 		31,224
-------------
0 		649,331
-------------
0 		0
-------------
0
9David Luzzi
Sr Vice Provost - Research 		(i)

(ii)		 393,796
-------------
0 		63,621
-------------
0 		285,550
-------------
0 		34,500
-------------
0 		32,979
-------------
0 		810,446
-------------
0 		0
-------------
0
10Alan Mislove
PROF. & SR ASSOC DEAN 		(i)

(ii)		 256,625
-------------
0 		0
-------------
0 		206,131
-------------
0 		34,500
-------------
0 		10,953
-------------
0 		508,209
-------------
0 		0
-------------
0
11Gregory Abowd
Dean - COE 		(i)

(ii)		 522,554
-------------
0 		77,107
-------------
0 		29,732
-------------
0 		76,167
-------------
0 		56,282
-------------
0 		761,842
-------------
0 		0
-------------
0
12Emery Trahan
DONALD F HARDING PROF. FINANCE 		(i)

(ii)		 363,731
-------------
0 		0
-------------
0 		137,332
-------------
0 		34,500
-------------
0 		33,959
-------------
0 		569,522
-------------
0 		0
-------------
0
13USAMA M FAYYAD
EXEC. DIR - INSTITUTE FOR AI 		(i)

(ii)		 301,806
-------------
0 		207,870
-------------
0 		294,422
-------------
0 		34,500
-------------
0 		37,781
-------------
0 		876,379
-------------
0 		0
-------------
0
14JAMES HACKNEY
DEAN SCHOOL OF LAW 		(i)

(ii)		 579,109
-------------
0 		138,722
-------------
0 		42,182
-------------
0 		59,500
-------------
0 		33,878
-------------
0 		853,391
-------------
0 		0
-------------
0
15MARY STROTHER
SVP & GEN COUNSEL 		(i)

(ii)		 736,592
-------------
0 		142,272
-------------
0 		56,742
-------------
0 		109,500
-------------
0 		32,369
-------------
0 		1,077,475
-------------
0 		0
-------------
0
16SATYAJIT DATTAGUPTA
CHIEF ENROLLMENT OFFICER 		(i)

(ii)		 784,593
-------------
0 		163,350
-------------
0 		182,715
-------------
0 		34,500
-------------
0 		34,093
-------------
0 		1,199,251
-------------
0 		0
-------------
0
17ELIZABETH MYNATT
DEAN-KHOURY COLLEGE COMP SCI 		(i)

(ii)		 535,897
-------------
0 		76,923
-------------
0 		158,492
-------------
0 		65,750
-------------
0 		1,842
-------------
0 		838,904
-------------
0 		0
-------------
0
18ALEXANDROS MAKRIYANNIS
GEORGE D BEHRAKIS CHAIR 		(i)

(ii)		 436,904
-------------
0 		0
-------------
0 		239,646
-------------
0 		34,500
-------------
0 		5,126
-------------
0 		716,176
-------------
0 		0
-------------
0
19DAVID DE CREMER
DUNTON FAMILY DEAN 		(i)

(ii)		 880,183
-------------
0 		87,500
-------------
0 		129,222
-------------
0 		34,500
-------------
0 		29,541
-------------
0 		1,160,946
-------------
0 		0
-------------
0
20HAZEL SIVE
DEAN COLLEGE OF SCIENCE 		(i)

(ii)		 496,984
-------------
0 		48,813
-------------
0 		24,606
-------------
0 		34,500
-------------
0 		3,394
-------------
0 		608,297
-------------
0 		0
-------------
0
21MARY LUDDEN
SVP GLOBAL NETWORK & STRATEGIC 		(i)

(ii)		 565,548
-------------
0 		134,750
-------------
0 		38,247
-------------
0 		149,500
-------------
0 		14,521
-------------
0 		902,566
-------------
0 		0
-------------
0
22ALESSANDRO VESPIGNANI
STERNBERG FAMILY DIST PROF 		(i)

(ii)		 390,522
-------------
0 		0
-------------
0 		355,118
-------------
0 		34,500
-------------
0 		33,590
-------------
0 		813,730
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
SCHEDULE J, PART I, LINE 1 THE UNIVERSITY WILL APPROVE FIRST CLASS AIR TRAVEL, IF BUSINESS CLASS IS NOT AVAILABLE, FOR THE PRESIDENT AS APPROPRIATE. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. THE PRESIDENT HAS AUTHORITY TO APPROVE FIRST CLASS TRAVEL IF NECESSARY IN CERTAIN CIRCUMSTANCES FOR INDIVIDUALS LISTED IN SCHEDULE J, PART II. ONE OFFICER USED SUCH ACCOMMODATIONS FOR BUSINESS PURPOSES DURING THE YEAR ENDED DECEMBER 31, 2024. THE PRESIDENT'S SPOUSE TRAVELS ON OCCASION WITH THE PRESIDENT WHEN NECESSARY FOR BUSINESS PURPOSES AND UPON APPROVAL OF THE CHAIRMAN OF THE BOARD. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. HOUSING IS PROVIDED FOR THE PRESIDENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER AND IS NOT INCLUDED IN TAXABLE WAGES. TWO KEY EMPLOYEES WERE PROVIDED WITH A HOUSING ALLOWANCE WHICH IS INCLUDED AS TAXABLE WAGES IN SCHEDULE J, PART II, COLUMN (B) (III). SOCIAL CLUB DUES ARE PROVIDED FOR THE PRESIDENT. USE OF THE SOCIAL CLUB IS FOR BUSINESS PURPOSE ONLY AND DUES ARE NOT INCLUDED IN TAXABLE WAGES.
SCHEDULE J, PART I, LINE 4B CERTAIN INDIVIDUALS PARTICIPATED IN A LONG TERM INCENTIVE PLAN UNDER WHICH A DEFERRED PAYMENT IS AWARDED CONTINGENT ON CONTINUED EMPLOYMENT WITH THE UNIVERSITY UNTIL THE DATE THE PLAN BECOMES PAYABLE AND THE ACHIEVEMENT OF CERTAIN CRITICAL UNIVERSITY GOALS. AMOUNTS ACCRUED BUT NOT PAID IN THE YEAR ARE REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN C AS DEFERRED COMPENSATION. NO AMOUNTS WERE PAID IN CALENDAR YEAR 2024.
SCHEDULE J, PART I, LINE 7 PAYMENTS WHICH ARE PART OF A VARIABLE PAY PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). THIS PLAN IS BASED ON ACHIEVEMENT OF PRE-ESTABLISHED GOALS. IT IS APPROVED BY THE BOARD OF TRUSTEES FOR THE PRESIDENT AND OTHER OFFICERS. OTHER EMPLOYEES HAVE RECEIVED BONUSES WHICH ARE AWARDED TO A LIMITED NUMBER OF EMPLOYEES FOR EXCEPTIONAL CONTRIBUTIONS.
Schedule J (Form 990) (Rev. 1-2025)

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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number
04-1679980
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUT
  		01-0314384 56042SEE6 09-12-2024 210,734,806 SEE PART VI   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585BBH0 07-10-2024 215,466,976 SEE PART VI   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584Y3V9 08-11-2022 425,010,435 SEE PART VI   X   X   X
D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584YA41 07-07-2020 130,887,757 SEE PART VI   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584KYM0 07-25-2018 70,266,217 SEE PART VI   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 0 0 8,840,000 28,845,000
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 216,149,405 215,469,132 431,655,600 130,527,756
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 5,308,449 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 949,225 868,200 1,891,429 277,378
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 61,757,121 0 256,178,847 0
11 Other spent proceeds ............. 0 214,556,836 173,567,606 130,250,378
12 Other unspent proceeds ............. 148,134,609 44,096 17,718 0
13 Year of substantial completion ............. 2025
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		  X X   X   X  
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X   X
16 Has the final allocation of proceeds been made? ..........   X   X   X   X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X X      
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X X   X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X   X      
c Are there any research agreements that may result in private business use of bond-financed property? .............   X X   X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?     X   X      
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 1.200 % 1.600 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 1.200 % 1.600 % 0 %
7 Does the bond issue meet the private security or payment test? ...                
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X    
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X      
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? ....... X   X   X   X  
b Exception to rebate? ........   X X   X   X  
c No rebate due? .........   X   X   X   X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X   X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
SET 1 BONDS COLUMN A: PART I (F) - THE BONDS WERE ISSUED TO FINANCE THE ACQUISITION, CONSTRUCTION AND RENOVATION OF A NEW SCIENCE, ACADEMIC AND ENTREPRENEURSHIP CAMPUS FOR THE ROUX INSTITUTE AND TO PAY CAPITALIZED INTEREST THROUGH 10/1/2025. COLUMN A: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN A: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN B: PART I (F) - THE BONDS WERE ISSUED TO CURRENTLY REFUND (I) ALL OF THE OUTSTANDING MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY REVENUE BONDS, NORTHEASTERN UNIVERSITY ISSUE, SERIES T-3 (2008) ORIGINALLY ISSUED ON FEBRUARY 20, 2014 AND (II) ALL OF THE ISSUER'S REVENUE BONDS, NORTHEASTERN UNIVERSITY ISSUE, SERIES 2014A ORIGINALLY ISSUED ON JANUARY 23, 2014 AND TO PAY COSTS OF ISSUING THE BONDS. COLUMN B: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN B: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN C: PART I(F) - THE BONDS WERE ISSUED TO CURRENT REFUND THE BORROWER'S SERIES 2012 BONDS, ORIGINALLY ISSUED ON SEPTEMBER 13, 2012, CURRENT REFUND THE BORROWER'S SERIES T-1 AND SERIES T-2, ORIGINALLY ISSUED ON MAY 22, 2008, AND TO FINANCE A NEW MONEY PROJECT. COLUMN C: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN C: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN C: PART IV, LINE 2(B) - THE CURRENT REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. COLUMN D: PART I(F) - THE BONDS CURRENTLY REFUNDED A PORTION OF THE SERIES 2010 BONDS ISSUED MARCH 25, 2010. COLUMN D: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN D: PART IV, LINE 2(B) - THE REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. COLUMN D: PART III, LINE 7 - AS PROVIDED AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE.
SET 2 BONDS COLUMN A: PART I(F) - THE BONDS CURRENTLY REFUNDED THE SERIES R, ISSUED MAY 22, 2008. COLUMN A: PART II, LINE 13 - PROCEEDS OF THE BONDS WERE ISSUED FOR THE PURPOSE OF CURRENT REFUNDING; THEREFORE, THE PROJECT PERIOD IS NOT APPLICABLE FOR THIS BOND ISSUE. COLUMN A: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN A: PART IV, LINE 2(B) - THE REFUNDING PORTION OF THE BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. COLUMN A: PART 4, LINE 2C - THE REBATE COMPUTATION FOR SERIES 2018A WAS COMPLETED BY BLX GROUP LLC ON AUGUST 8, 2023 AND NO ARBITRAGE REBATE WAS DUE.
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


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Software Version:  


Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number
04-1679980
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUT
  		01-0314384 56042SEE6 09-12-2024 210,734,806 SEE PART VI   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585BBH0 07-10-2024 215,466,976 SEE PART VI   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584Y3V9 08-11-2022 425,010,435 SEE PART VI   X   X   X
D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584YA41 07-07-2020 130,887,757 SEE PART VI   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57584KYM0 07-25-2018 70,266,217 SEE PART VI   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 0 0 8,840,000 28,845,000
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 216,149,405 215,469,132 431,655,600 130,527,756
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 5,308,449 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 949,225 868,200 1,891,429 277,378
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 61,757,121 0 256,178,847 0
11 Other spent proceeds ............. 0 214,556,836 173,567,606 130,250,378
12 Other unspent proceeds ............. 148,134,609 44,096 17,718 0
13 Year of substantial completion ............. 2025
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		  X X   X   X  
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X   X
16 Has the final allocation of proceeds been made? ..........   X   X   X   X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X X      
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X X   X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X   X      
c Are there any research agreements that may result in private business use of bond-financed property? .............   X X   X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?     X   X      
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 1.200 % 1.600 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 1.200 % 1.600 % 0 %
7 Does the bond issue meet the private security or payment test? ...                
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X    
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X      
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? ....... X   X   X   X  
b Exception to rebate? ........   X X   X   X  
c No rebate due? .........   X   X   X   X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X   X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider .......... 0
  		0
  		0
  		0
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
SET 1 BONDS COLUMN A: PART I (F) - THE BONDS WERE ISSUED TO FINANCE THE ACQUISITION, CONSTRUCTION AND RENOVATION OF A NEW SCIENCE, ACADEMIC AND ENTREPRENEURSHIP CAMPUS FOR THE ROUX INSTITUTE AND TO PAY CAPITALIZED INTEREST THROUGH 10/1/2025. COLUMN A: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN A: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN B: PART I (F) - THE BONDS WERE ISSUED TO CURRENTLY REFUND (I) ALL OF THE OUTSTANDING MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY REVENUE BONDS, NORTHEASTERN UNIVERSITY ISSUE, SERIES T-3 (2008) ORIGINALLY ISSUED ON FEBRUARY 20, 2014 AND (II) ALL OF THE ISSUER'S REVENUE BONDS, NORTHEASTERN UNIVERSITY ISSUE, SERIES 2014A ORIGINALLY ISSUED ON JANUARY 23, 2014 AND TO PAY COSTS OF ISSUING THE BONDS. COLUMN B: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN B: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN C: PART I(F) - THE BONDS WERE ISSUED TO CURRENT REFUND THE BORROWER'S SERIES 2012 BONDS, ORIGINALLY ISSUED ON SEPTEMBER 13, 2012, CURRENT REFUND THE BORROWER'S SERIES T-1 AND SERIES T-2, ORIGINALLY ISSUED ON MAY 22, 2008, AND TO FINANCE A NEW MONEY PROJECT. COLUMN C: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN C: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN C: PART IV, LINE 2(B) - THE CURRENT REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. COLUMN D: PART I(F) - THE BONDS CURRENTLY REFUNDED A PORTION OF THE SERIES 2010 BONDS ISSUED MARCH 25, 2010. COLUMN D: PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. COLUMN D: PART IV, LINE 2(B) - THE REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. COLUMN D: PART III, LINE 7 - AS PROVIDED AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE.
SET 2 BONDS COLUMN A: PART I(F) - THE BONDS CURRENTLY REFUNDED THE SERIES R, ISSUED MAY 22, 2008. COLUMN A: PART II, LINE 13 - PROCEEDS OF THE BONDS WERE ISSUED FOR THE PURPOSE OF CURRENT REFUNDING; THEREFORE, THE PROJECT PERIOD IS NOT APPLICABLE FOR THIS BOND ISSUE. COLUMN A: PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. COLUMN A: PART IV, LINE 2(B) - THE REFUNDING PORTION OF THE BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. COLUMN A: PART 4, LINE 2C - THE REBATE COMPUTATION FOR SERIES 2018A WAS COMPLETED BY BLX GROUP LLC ON AUGUST 8, 2023 AND NO ARBITRAGE REBATE WAS DUE.
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


Software ID:  
Software Version:  

Schedule L
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
(1) David Madigan Officer HOME LOAN   X 2,700,000 1,600,000   No Yes   Yes  
Total ............... $ 1,600,000
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 4 39,500 MARKET VALUE
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 84 33,982,533 MARKET VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( EQUIPMENT ) X 9 156,862 MARKET VALUE
26 Other Right pointing arrow large image ( )
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
SCHEDULE M, PART I, COLUMN (B) NORTHEASTERN UNIVERSITY REPORTED THE NUMBER OF CONTRIBUTIONS.
Schedule M (Form 990) (2024)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Return Reference Explanation
Mission Statement Form 990, Parts I and III, line 1 To educate students for a life of fulfillment and accomplishment. To create and translate knowledge to meet global and societal needs. This mission inspires members of the University community in whatever they do - as students and scholars, as teachers and researchers, as mentors, as administrators, and as leaders. Northeastern's commitment to this mission is focused in three areas of distinction where the university can have the greatest effect on the lives of students and the wider world: experiential learning, use-inspired research, and global connection and engagement. By concentrating its energy in these areas, Northeastern is best positioned to set priorities, make decisions, and focus resources that allow the institution to achieve its goals as a leader in higher education.
Form 990, Part VI, Line 1a PURSUANT TO THE BYLAWS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS AUTHORIZED TO ACT WITH THE FULL AUTHORITY OF THE BOARD OF TRUSTEES IN THE MONTHS IN WHICH THE FULL BOARD DOES NOT MEET. All members of the Board of Trustees who are not appointed to serve on the Executive Committee are authorized to serve as alternates to the Executive Committee with full voting authority. The Secretary is authorized to select an alternate whenever a member notifies the Secretary of his or her inability to attend any regular or special meeting of the Executive Committee. A majority of the members of the Executive Committee, including any alternate(s), shall constitute a quorum for any meeting of the Executive Committee.
Form 990, Part VI, Line 2 Edward G. Galante Marcy L. Reed Alan S. McKim Shelley Stewart BUSINESS RELATIONSHIP Francis N. Janis Richard A. D'Amore BUSINESS RELATIONSHIP Marcy L. Reed Mary Strother BUSINESS RELATIONSHIP
Form 990, Part VI, Line 11B THE UNIVERSITY'S FORM 990 REVIEW PROCESS IS A COLLABORATIVE EFFORT. THE CORE FORM 990 AND RELATED SCHEDULES WERE REVIEWED BY THE AUDIT & RISK COMMITTEE OF THE BOARD OF TRUSTEES, SENIOR MANAGEMENT, AN INDEPENDENT COMPENSATION CONSULTANT AND A PAID TAX PREPARER. ALL FEEDBACK FROM THE ABOVE PARTIES WAS INCORPORATED IN THE FORM. THE FORM 990 AS FILED IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS.
Form 990, Part VI, Line 12c ANNUALLY, THE UNIVERSITY'S COMPLIANCE DEPARTMENT, REPORTING TO SENIOR VICE PRESIDENT AND GENERAL COUNSEL, ELECTRONICALLY DISTRIBUTES THE NORTHEASTERN UNIVERSITY CONFLICT OF INTEREST AND COMMITMENT DISCLOSURE FORM TO FACULTY AND STAFF. THE COMPLETED FORMS ARE REVIEWED BY THE COMPLIANCE DEPARTMENT AND RELEVANT COLLEGE AND ADMINISTRATIVE MANAGEMENT. FOLLOW UP FOR CLARIFICATION IS CARRIED OUT WHERE NECESSARY AND THE APPROPRIATE UNIT DEAN, VICE-PRESIDENT OR DIRECTOR IS RESPONSIBLE FOR REVIEWING THE IDENTIFIED CONFLICTS AND RESOLVING THOSE CONFLICTS APPROPRIATELY. BOTH THE FACULTY AND STAFF CONFLICT OF INTEREST AND COMMITMENT POLICIES ARE ON THE UNIVERSITY'S WEBSITE. A PARALLEL PROCESS IS CARRIED OUT ANNUALLY BY THE OFFICE OF THE BOARD OF TRUSTEES, REPORTING TO THE SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, FOR THE UNIVERSITY'S SENIOR LEADERSHIP AND BOARD OF TRUSTEES. THE POLICY REQUIRES THAT ALL TRUSTEES, OFFICERS AND OTHER MEMBERS OF STANDING COMMITTEES OF THE BOARD ARE REQUIRED TO ADHERE TO A POLICY WHICH REQUIRES DISCLOSURE IN ADVANCE OF ANY CONFLICT; NON-PARTICIPATION IN DECISIONS REGARDING THE POTENTIAL CONFLICT; AND AN ANNUAL REPORTING OF ANY CONFLICTS FOR PERSONAL OR THIRD PARTY INVOLVEMENT. THE SECRETARY REVIEWS EACH DISCLOSURE AND DETERMINES WHETHER THE DISCLOSURE REPRESENTS A CONFLICT THAT IS SUFFICIENTLY MATERIAL THAT IT SHOULD BE BROUGHT TO THE ATTENTION OF THE CONFLICTS OF INTEREST SUBCOMMITTEE. THE CONFLICTS OF INTEREST SUBCOMMITTEE DETERMINES WHETHER ANY DISCLOSED MATTER REFERRED BY THE SECRETARY IS OF SUCH SIGNIFICANCE THAT IT MERITS REVIEW BY THE BOARD. THE UNIVERSITY MAY ENTER INTO AN ARRANGEMENT IN WHICH A COVERED PERSON HAS A CONFLICT IF CERTAIN CRITERIA ARE MET, INCLUDING THE DETERMINATION AT THE APPROPRIATE LEVEL THAT THE ARRANGEMENT IS IMMATERIAL OR THAT THE ARRANGEMENT IS FAIR AND REASONABLE TO THE UNIVERSITY AND IN THE UNIVERSITY'S BEST INTEREST.
Form 990, Part VI, Lines 15a & 15b NORTHEASTERN UNIVERSITY FOLLOWS A CAREFULLY DEFINED PROCESS FOR REVIEWING SENIOR EXECUTIVE COMPENSATION LEVELS. DURING 2024, THIS PROCESS INCLUDED THE PRESIDENT AND ALL OFFICERS. OTHER POSITIONS INCLUDING, BUT NOT LIMITED TO, DEANS MAY BE INCLUDED EACH YEAR. THIS PROCESS EMBRACES THE BEST PRACTICES UTILIZED IN THE HIGHER EDUCATION INDUSTRY. IN 2024, A COMPETITIVE PAY ASSESSMENT WAS CONDUCTED BY A THIRD PARTY INDEPENDENT COMPENSATION CONSULTING FIRM, USING MULTIPLE MARKET REFERENCES, INCLUDING SURVEYS REPRESENTING SIMILAR UNIVERSITIES AND OTHER RELEVANT LABOR MARKETS (AS APPLICABLE FOR CERTAIN POSITIONS). THE ASSESSMENT IS BASED ON PEER REFERENCES THAT REFLECT OTHER UNIVERSITIES OF SIMILAR SIZE AND PROMINENCE WITH WHICH NORTHEASTERN COMPETES FOR EXECUTIVE TALENT. THE INDEPENDENT CONSULTANT ALSO PROVIDED ADDITIONAL PROPRIETARY COMPENSATION MARKET DATA AND AN ASSESSMENT OF THE REASONABLENESS OF THE DATA. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD OF TRUSTEES, ALSO SERVING AS THE CHAIR OF THIS COMMITTEE, ALONG WITH FOUR OTHER INDEPENDENT TRUSTEES. THIS COMMITTEE HAS CONTINUED TO ENGAGE WILLIS TOWERS WATSON AS ITS INDEPENDENT COMPENSATION CONSULTANT, WITH THE EXPECTATION THAT ITS PROCESSES AND PROCEDURES WOULD CONTINUE TO EVOLVE TO REFLECT EMERGING BEST PRACTICES. THE COMPETITIVE PAY ASSESSMENT AND INDEPENDENT CONSULTANT REVIEW WERE PROVIDED TO THE PRESIDENT FOR HIS USE IN MAKING SALARY AND BONUS RECOMMENDATIONS TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR THE POSITIONS INCLUDED IN THE PROCESS, EXCLUDING HIS OWN. THE PRESIDENT'S RECOMMENDATIONS TO THE COMPENSATION COMMITTEE TAKE INTO CONSIDERATION THE MARKET INFORMATION, AS WELL AS THE RESULTS OF A FORMAL ANNUAL PERFORMANCE ASSESSMENT PROCESS BASED ON PRE-DETERMINED GOALS AND OBJECTIVES. THE COMPENSATION COMMITTEE REVIEWED THE COMPETITIVE INFORMATION AND THE RESULTS OF THE PERFORMANCE ASSESSMENT PROCESS PRESENTED BY THE PRESIDENT, DISCUSSED POTENTIAL CHANGES, AND VOTED TO APPROVE THE FINAL RECOMMENDATIONS, WHICH WERE THEN PRESENTED TO THE FULL BOARD OF TRUSTEES. THE BOARD ALSO VOTED TO APPROVE THE RECOMMENDATIONS. THESE DISCUSSIONS AND RESULTING APPROVALS ARE DOCUMENTED IN THE MINUTES OF EACH MEETING. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE INDEPENDENT CONSULTANT PROVIDED THE RESULTS OF THE MARKET PAY ASSESSMENT FOR THE PRESIDENT DIRECTLY TO THE COMMITTEE. THE COMMITTEE ALSO CONDUCTED A FORMAL PERFORMANCE ASSESSMENT OF THE PRESIDENT, UTILIZING PRE-DETERMINED GOALS AND OBJECTIVES. THE COMMITTEE THEN DISCUSSED POTENTIAL CHANGES TO THE PRESIDENT'S COMPENSATION BASED ON THE MARKET DATA AND THE RESULTS OF THE PERFORMANCE ASSESSMENT, AND PRESENTED ITS RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. THE BOARD VOTED TO APPROVE THE RECOMMENDATIONS. THESE DISCUSSIONS AND RESULTING APPROVALS ARE DOCUMENTED IN THE MINUTES OF EACH MEETING.
Form 990, Part VI, Line 19 Original hard copy Financial Statements and Governing documents are available upon request. The Conflict of interest policy and the annual financial statements are available via the internet at www.northeastern.edu.
Form 990, Part VII, Column (B) 40 hours constitutes a full-time equivalent employee at Northeastern University.
FORM 990, PART XI, LINE 9 OTHER NON-OPERATING CHANGES (11,439,000) DEBT FORGIVENESS - MMC (MARYMOUNT MANHATTAN COLLEGE) (14,200,000) ---------------- TOTAL $(25,639,000)
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
Open to Public Inspection
Name of the organization
NORTHEASTERN UNIVERSITY
 
Employer identification number

04-1679980
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) Renaissance Park Garage LLC
1209 Orange St
Wilmington,DE19801
04-3480384 		Parking svcs DE 0 0 NORTHEASTERN
 
(2) KRI at Northeastern University LLC
Suite 250 CP 360 Huntington Avenue
Boston,MA02115
46-5228806 		Research Ctr MA 31,001,141 0 NORTHEASTERN
 
(3) Northeastern University Global LLC
360 Huntington Avenue
BOSTON,MA02115
92-2554319 		HOLDING CO MA 0 0 NORTHEASTERN
 
(4) Northeastern University Holdings LLC
360 Huntington Avenue
BOSTON,MA02115
92-2452639 		HOLDING CO MA 0 0 NORTHEASTERN
 




Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)The Mass Green High Perf Computing Ctr
77 Mass Ave

Cambridge,MA02139
27-3014805 		Research Ctr MA 501(C)(3) 12A-I NA
 
 
No
(2)MGHPCC Holyoke Inc
77 Mass Ave

CAMBRIDGE,MA02139
45-2257442 		RESEARCH CTR MA 501(C)(3) 12A-I NA
 
 
No
(3)NORTHEASTERN UNIVERSITY - LONDON
58 ST KATHARINES WAY
LONDON   E1W1LP
UK
EDUCATION UK 501(C)(3) N/A NORTHEASTERN
 
Yes
 
(4)NORTHEASTERN - NEW YORK CITY
221 E 71ST ST

NEW YORK,NY10021
39-2854512 		EDUCATION NY 501(C)(3) 12A-I NORTHEASTERN
 
Yes
 






For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) CHARITABLE REMAINDER TRUST (7)

 
 
INVESTING CA NORTHEASTERN
  		TRUST       Yes  
(2) CHARITABLE REMAINDER TRUST (1)

 
 
INVESTING ME NORTHEASTERN
  		TRUST       Yes  
(3) CHARITABLE REMAINDER TRUST (11)

 
 
INVESTING MA NORTHEASTERN
  		TRUST       Yes  
(4) CHARITABLE REMAINDER TRUST (1)

 
 
INVESTING NH NORTHEASTERN
  		Trust       Yes  
(5) PERPETUAL TRUST (1)

 
 
INVESTING MA NORTHEASTERN
  		TRUST       Yes  
(6) PERPETUAL TRUST (1)

 
 
INVESTING ME Northeastern
  		Trust       Yes  
(7) CHARITABLE REMAINDER TRUST (1)

 
 
INVESTING CT NORTHEASTERN
  		TRUST       Yes  
(8) CHARITABLE REMAINDER TRUST (1)

 
 
INVESTING OH NORTHEASTERN
  		TRUST       Yes  
(9) POOLED INCOME TRUST (1)

 
 
INVESTING MA NORTHEASTERN
  		TRUST       Yes  
(10) New College of the Humanities Ltd

19 Bedford Square
London   WC1B 3HH
UK
Education UK NU-LONDON
  		C Corp 0 0 100.000 % Yes  
(11) CHARITABLE REMAINDER TRUST (1)

 
 
INVESTING FL NORTHEASTERN
  		TRUST       Yes  
(12) CHARITABLE REMAINDER TRUST (2)

 
 
INVESTING OR NORTHEASTERN
  		TRUST       Yes  
(13) CHARITABLE REMAINDER TRUST (1)

 
 
INVESTING PA NORTHEASTERN
  		TRUST       Yes  
(14) DUBLIN INNOVATION INSTITUTE COMPANY LIM

ONE EARLSFORT CENTRE LOWER HATCH ST
    DUBLIN 2
EI
RESEARCH EI Northeastern
  		C Corp 0 0 100.000 % Yes  
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) NORTHEASTERN UNIVERSITY - LONDON

 B 38,898,558 FMV
(2) NORTHEASTERN UNIVERSITY - LONDON

 M,P 81,049,443 FMV




Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) (Rev. 1-2025)

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