2023-01-19T14:43:49-06:00 2022-05-31 161131146 BONADIO & CO LLP 100 CORPORATE PARKWAY SUITE 200 AMHERST NY 14226 990 2021-06-01 160743942 CANISIUS COLLEGE CANI 7168837000 2001 MAIN STREET BUFFALO NY 14208 TIMOTHY BALKIN VP OF FINANCE 7168837000 2022-12-13 1 TIMOTHY BALKIN XXX-XX-XXXX JUSTIN N REID P01321869 7162506600 2023-01-18 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z TIMOTHY BALKIN 2001 MAIN STREET BUFFALO NY 14208 147169816 0 X HTTPS://WWW.CANISIUS.EDU X 1870 NY CANISIUS COLLEGE IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC COLLEGE, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE COLLEGE OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE COLLEGE HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES. 33 33 1395 41 123779 0 12920025 17838008 78435168 76540392 2787971 5265850 3568731 4535386 97711895 104179636 32786560 32612489 0 0 39729512 37293009 0 0 1666316 29498997 38755384 102015069 108660882 -4303174 -4481246 306081078 289486779 80708024 69979176 225373054 219507603 X CANISIUS COLLEGE IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC COLLEGE, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE COLLEGE OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE COLLEGE HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES. 0 0 56769852 29493933 64330809 EDUCATION/INSTRUCTION - PROVIDE EDUCATION TO 2630 STUDENTS IN THE FALL AND 2,439 STUDENTS IN THE SPRING SEMESTERS. 21862285 3118556 5353702 STUDENT SERVICES - PROVIDE THE NECESSARY SERVICES REQUIRED BY THE STUDENTS ENROLLED IN THE PROGRAMS. 6368159 7802920 RESIDENCE HALLS - PROVIDE ROOM AND BOARD TO ALL RESIDENT STUDENTS AND THOSE STUDENTS WITH MEAL PLANS. 85000296 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 278 0 1 1395 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X TIMOTHY BALKIN 7168837000 2001 MAIN STREET BUFFALO NY 14208 MARTIN J BERARDI TRUSTEE - CHAIR 0.50 X X 0 0 0 DAVID J NASCA TRUSTEE - VICE CHAIR 0.50 X X 0 0 0 NANCY W WARE TRUSTEE - EMERITA 0.50 X 0 0 0 JOHN R CONNOLLY EMERITUS TRUSTEE 0.50 X 0 0 0 CATHERINE A BOLZ TRUSTEE 0.50 X 0 0 0 KIMBERLY A DETRASK TRUSTEE 0.50 X 0 0 0 JERRY G CANADA JR TRUSTEE 0.50 X 0 0 0 CHRISTOPHER P DEVINE TRUSTEE 0.50 X 0 0 0 NELSON D CIVELLO TRUSTEE 0.50 X 0 0 0 NORA E EBERL PLIZGA TRUSTEE 0.50 X 0 0 0 REV PHILLIP A FLORIO SJ TRUSTEE 0.50 X 0 0 0 JOYSON C THOMAS TRUSTEE 0.50 X 0 0 0 CHRISTOPHER F MALOF TRUSTEE 0.50 X 0 0 0 STEPHEN F JACKSON TRUSTEE 0.50 X 0 0 0 ROBERT H MALONEY TRUSTEE 0.50 X 0 0 0 CHRISTOPHER M KELLEY TRUSTEE 0.50 X 0 0 0 ANTHONY M MASIELLO TRUSTEE 0.50 X 0 0 0 FRANCIS M LAZARUS TRUSTEE 0.50 X 0 0 0 LT COL JAMES E MCNICHOLAS JR TRUSTEE 0.50 X 0 0 0 MARK J LEMA TRUSTEE 0.50 X 0 0 0 CINDY L ODOM TRUSTEE 0.50 X 0 0 0 MARGARET W PAROSKI TRUSTEE 0.50 X 0 0 0 REV PATRICK D ROGERS SJ TRUSTEE 0.50 X 0 0 0 MARYA J PROPIS TRUSTEE 0.50 X 0 0 0 VINCENT GILBERT ROUX TRUSTEE 0.50 X 0 0 0 ANTHONY F SHELLEY TRUSTEE 0.50 X 0 0 0 REV JEFFREY P VON ARX SJ TRUSTEE 0.50 X 0 0 0 REV THOMAS R SLON SJ TRUSTEE 0.50 X 0 0 0 LILLIE V WILEY-UPSHAW TRUSTEE 0.50 X 0 0 0 TIMOTHY T TEVENS TRUSTEE 0.50 X 0 0 0 LAURA A ZAEPFEL TRUSTEE 0.50 X 0 0 0 MICHAEL J TODARO TRUSTEE 0.50 X 0 0 0 CYNTHIA L SKRZYCKI TRUSTEE 0.50 X 0 0 0 ANTHONY B SPADA JR TRUSTEE 0.50 X 0 0 0 REV DAVID S CIANCIMINO SJ TRUSTEE(TERM ENDED 6/30/2021) 0.50 X 0 0 0 LEE C WORTHAM TRUSTEE-CHAIR(TERM ENDED 6/30/2021) 0.50 X 0 0 0 CYNTHIA E VANCE TRUSTEE (TERM ENDED 6/30/2021) 0.50 X 0 0 0 HON ACEA M MOSEY TRUSTEE (TERM ENDED 6/30/2021) 0.50 X 0 0 0 ANTHONY LIMINA TRUSTEE (TERM ENDED 6/30/2021) 0.50 X 0 0 0 THOMAS R EMMERLING TRUSTEE(TERM ENDED 6/30/2021) 0.50 X 0 0 0 JOHN J HURLEY PRESIDENT 40.00 X 287679 0 34209 DR SARA R MORRIS VP - ACADEMIC AFFAIRS 40.00 X 195183 0 5596 TIMOTHY P BALKIN VP - BUSINESS/FINANCE 40.00 X 178900 0 262 DANIELLE IANNI VP - ENROLLMENT MANAGEMENT 40.00 X 151709 0 4557 KIMBERLY A VENTI VP - INSTITUTIONAL ADVANCEMENT 40.00 X 147129 0 47028 SANDRA ESTANEK INTERIM VP - STUDENT AFFAIRS 40.00 X 0 0 0 DR IAN J REDPATH PROFESSOR - ACCOUNTING 40.00 X 148533 0 17534 DR JOSEPH O'DONNELL PROFESSOR - ACCOUNTING 40.00 X 162985 0 4156 DR JAMES GOLDSTEIN PROFESSOR - ACCOUNTING 40.00 X 166456 0 17691 DR DENISE ROTONDO DEAN - SCHOOL OF BUSINESS 40.00 X 172462 0 72909 PHILLIP WITHERSPOON MEAN'S BASKETBALL COACH 40.00 X 260572 0 7073 1871608 0 211015 36 0 1 0 CHARTWELLS EDUCATIONAL DINING SERVICES 81 ST MARY ST TORONTO ONTARIO CA FOOD SERVICES 3051066 AAC CONTRACTING INC 175 HUMBOLDT ST ROCHESTER NY 14610 CONSTRUCTION - ASBESTOS ABATEMENT 1114915 MLP PLUMBING AND MECHANICAL INC 3198 UNION RD CHEEKTOWAGA NY 14227 HVAC AND MAINTENANCE SERVICES 912083 ELBERS LANDSCAPE SERVICES INC 2900 MAIN ST BUFFALO NY 14214 LANDSCAPING AND MAINTENANCE 598721 NETH AND SON INC 146 TAYLOR DR DEPEW NY 14043 CONSTRUCTION SERVICES 567824 35 3173 8282002 9552833 502239 17838008 TUITION AND FEES 611710 67241377 67241377 RESIDENCE HALL - RM & BO 611710 7807008 7807008 FOOD SERVICE/ATHLETICS/BOOKSTORE 611710 1492007 1368228 123779 76540392 265134 265134 152859 0 152859 152859 152859 46250886 1664553 42914723 0 3336163 1664553 5000716 5000716 40458 3173 75457 -34999 -34999 HEERF II AWARD - INSTITUTIONAL 611310 3346708 3346708 OTHER INCOME 611310 1070818 1070818 4417526 104179636 77487431 123779 8730418 32612489 32612489 1107435 284146 632708 190581 26888657 20888977 5222244 777436 1069981 828163 207041 34777 6109442 4643176 1282983 183283 2117494 1609295 444674 63525 240618 240618 76874 76874 50400 50400 1053114 800367 231685 21062 6586428 5005685 1449014 131729 ACADEMIC SUPPORT 12837657 12837657 INSTITUTIONAL SUPPORT 10105622 9841699 263923 INSTRUCTION 3797842 3797842 MISCELLANEOUS 2804608 1692499 1112109 1202221 1202221 108660882 85000296 21994270 1666316 10918676 7298463 8481796 3149794 15894670 10264708 4980925 3301538 2107436 1794638 271832784 167255700 108538233 104577084 154088446 158044405 1070896 1056149 306081078 289486779 17299267 12442477 8005063 4973731 47322837 45532628 249120 227192 7831737 6803148 80708024 69979176 X 76517249 80275986 148855805 139231617 225373054 219507603 306081078 289486779 X -4481246 -2272306 888101 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 50400 50400 0 PART I-A, LINE 1: LOBBYING ACTIVITY THE COLLEGE DOES NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, THE DUES PAID TO THE PROFESSIONAL ORGANIZATION ARE INCURRED FOR LOBBYING EXPENSES. 1 5394 1 0 159983803 2854467 1616098 7323595 1450000 155680773 124459540 4656361 39803231 6935329 2000000 159983803 129200979 3772713 -13463 5500689 3000000 124459540 133912453 3086373 1108185 4906032 4000000 129200979 123754244 7453833 10552842 4848466 3000000 133912453 0.13000 0.87000 1 0 5455772 5455772 203253735 110225122 93028613 63123277 57030578 6092699 104577084 OTHER INVESTMENTS 158044405 F 158044405 DEPOSITS HELD IN CUSTODY 150800 GOVERNMENT GRANTS REFUNDABLE 1085370 ASSET RETIREMENT OBLIGATION 5566978 6803148 X 74636112 -2272306 963558 -1308748 75944860 28234776 28234776 104179636 80501563 75457 75457 80426106 28234776 28234776 108660882 PART X, LINE 2: THE COLLEGE IS SUBJECT TO THE PROVISIONS OF ASC NO. 740-10, INCOME TAXES, RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. NO LIABILITY FOR UNRECOGNIZED TAX EXPENSE WAS REQUIRED AT MAY 31, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING ACTIVITY - $75,457 GAIN ON INTEREST RATE SWAP AGREEMENT - $888,101 PART XI, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS - $6,056,982 INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID - $22,177,794 PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING ACTIVITY - $75,457 PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS - $6,056,982 INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID - $22,177,794 PART V, LINE 4: THE PREEMINENT FUNCTION OF THE CANISIUS COLLEGE ENDOWMENT IS TO SUPPORT THE EDUCATIONAL MISSION OF THE COLLEGE BY PROVIDING FINANCIAL RESOURCES TO HELP UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS AND TO ENHANCE THE FINANCIAL WELL BEING OF CANISIUS COLLEGE PART X, LINE 2: THE COLLEGE IS TAX EXEMPT ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT WAS DETERMINED BY THE INTERNAL REVENUE SERVICE IN A RULING DATED MARCH 24, 1946, THE ORGANIZATIONS AND AFFILIATES OF THE ROMAN CATHOLIC CHURCH, AS LISTED IN THE OFFICIAL CATHOLIC DIRECTORY, WERE ENTITLED TO EXEMPTION FROM FEDERAL INCOME TAX. THE RULING IS UPDATED ANNUALLY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CANISIUS COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED AT LEAST ANNUALLY IN THEIR NEWSPAPER. THE COLLEGE ALSO INCLUDES A STATEMENT OF THIS POLICY IN ALL BROCHURES, CATALOGS AND ADVERTISEMENTS DEALING WITH STUDENT PROGRAMS, ADMISSIONS AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES. THE COLLEGE OPERATES UNDER A NONDISCRIMINATORY POLICY, AND DISTRIBUTES FINANCIAL AID IN ACCORDANCE WITH SUCH POLICY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FACULTY TRAVEL AND RESEARCH 72395 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES FACULTY RESEARCH, STUDENT REFUND 38980 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT REFUNDS, SOFTWARE, NETWORKING SERVICES, TRAVEL 125929 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SOFTWARE, PROFESSIONAL SERVICES, STUDENT REFUNDS, STUDENT AND FACULTY TRAVEL 142609 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES FACULTY RESEARCH 25725 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDENT AND FACULTY TRAVEL, REFUNDS 40695 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EQUIPMENT 4150 SOUTH AMERICA 0 0 PROGRAM SERVICES TRAVEL AND FACULTY RESEARCH 13403 0 0 0 0 0 0 463886 0 463886 1 0 0 1 1 1 PART I, LINE 3: EXPENSES MADE OUTSIDE OF THE UNITED STATES ARE ACCOUNTED FOR ON THE BOOKS OF THE COLLEGE. PART III ACCOUNTING METHOD: REGENTS BALL 35000 BLUE & GOLD GOLF OUTING 43631 3173 40458 20850 280 19327 0 43631 3173 40458 20850 280 54327 75457 -34999 1 UNRESTRICTED AND INSTITUTIONAL SCHOLARSHIPS, INCLUDING MERIT AND ATHLETIC SHOLARSHIPS 6443 22177794 RESTRICTED SCHOLARSHIPS AND GOVERNMENT AID 4473 10434695 PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE MAINTAINS ELIGIBILITY REQUIREMENTS AND MONITORS GRANTING OF AWARDS TO STUDENTS AND FOLLOWS U.S. FEDERAL AID REGULATIONS AND ALL STATES' REGULATIONS FOR GRANTS TO ITS STUDENTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN J HURLEY PRESIDENT 265297 0 0 0 22382 0 0 0 34209 0 321888 0 0 0 PHILLIP WITHERSPOON MEAN'S BASKETBALL COACH 260572 0 0 0 0 0 0 0 7073 0 267645 0 0 0 DR DENISE ROTONDO DEAN - SCHOOL OF BUSINESS 172462 0 0 0 0 0 0 0 72909 0 245371 0 0 0 DR SARA R MORRIS VP - ACADEMIC AFFAIRS 194493 0 0 0 690 0 0 0 5596 0 200779 0 0 0 KIMBERLY A VENTI VP - INSTITUTIONAL ADVANCEMENT 146185 0 0 0 944 0 0 0 47028 0 194157 0 0 0 DR JAMES GOLDSTEIN PROFESSOR - ACCOUNTING 166456 0 0 0 0 0 0 0 17691 0 184147 0 0 0 TIMOTHY P BALKIN VP - BUSINESS/FINANCE 177962 0 0 0 938 0 0 0 262 0 179162 0 0 0 DR JOSEPH O'DONNELL PROFESSOR - ACCOUNTING 162985 0 0 0 0 0 0 0 4156 0 167141 0 0 0 DR IAN J REDPATH PROFESSOR - ACCOUNTING 148533 0 0 0 0 0 0 0 17534 0 166067 0 0 0 DANIELLE IANNI VP - ENROLLMENT MANAGEMENT 151499 0 0 0 210 0 0 0 4557 0 156266 0 0 0 PART 1, LINE 1A: THE COLLEGE PAID FOR HEALTH AND SOCIAL CLUB DUES OR COUNTRY CLUB DUES FOR THREE OF THE OFFICERS/HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII. CANISIUS WILL ONLY REIMBURSE A BUSINESS EXPENSE WHEN ALL THREE OF THE FOLLOWING IRS REQUIREMENTS ARE MET: 1) THE EXPENSE MUST HAVE BUSINESS CONNECTION (I.E., THE EXPENSES MUST BE INCURRED WHILE PERFORMING SERVICES ON BEHALF OF THE COLLEGE), 2) THE EXPENSES MUST BE ADEQUATELY SUBSTANTIATED BY THE EMPLOYEE WITHIN A REASONABLE PERIOD OF TIME; AND 3) THE EMPLOYEE MUST RETURN ANY EXCESS REIMBURSEMENT OF ALLOWANCE WITHIN A REASONABLE PERIOD OF TIME. A PORTION OF THESE DUES WERE TAXABLE BASED ON THE PERCENTAGE OF NON-BUSINESS TO BUSINESS USE FOR EACH EMPLOYEE. THE COLLEGE "GROSSED UP" THE APPLICABLE NON-BUSINESS EXPENSES AND INCLUDED IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 000000000 2012-11-09 15162925 REFUND BONDS ISSUED 12/28/2000 0 0 0 B BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION 222413596 000000000 2015-10-30 46955000 REFUNDS BONDS ISSUED 3/4/2004, 4/26/2005 AND 12/29/2010 0 0 0 A 15162925 303258 76326 14783341 1 0 1 1 B 46955000 420142 416603 46118255 1 0 1 1 A 0 0 0 0 0 1 0.11510 1 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 1 M&T TRUST COMPANY 10.000000000000 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 0 B 0 X 18 460994 SALE OF COMPARABLES X MISCELLANEOUS 22 41245 COST 0 0 0 SCHEDULE M, PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE AND HIS STAFF. THE FORM IS PROVIDED TO THE FULL BOARD, INCLUDING THE AUDIT COMMITTEE AND THE PRESIDENT OF THE COLLEGE, IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES MUST SUBMIT A WRITTEN FORM ANNUALLY THAT IS REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY CONFLICTS OF INTEREST ARE DISCUSSED WITH EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PROCESS INCLUDES HIRING AN INDEPENDENT CONSULTING FIRM, WHO PROVIDES MARKET SURVEYS AND BENCHMARKING TO HELP ASSIST IN THE DECISION MAKING PROCESS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FINAL COMPENSATION AMOUNTS. IN DETERMINING COMPENSATION LEVELS OF OTHER KEY EMPLOYEES, THE COLLEGE LOOKS AT MARKET SURVEYS AND BENCHMARKS FROM OTHER AJCU SCHOOLS. THE PRESIDENT DETERMINES AND APPROPRIATE COMPENSATION LEVEL AND REVIEWS IT WITH THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE'S FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL INFORMATION AND OTHER DOCUMENTS OPEN FOR PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAP AGREEMENT 888,101. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.