2021-04-12T11:01:34-05:00 2020-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2019-06-01 141338498 SIENA COLLEGE % PAUL STEC SIEN 5187832300 ROUTE 9 LOUDONVILLE NY 12211 PAUL T STEC VICE PRESIDENT 5187832300 2021-04-07 true GENEVA FURLANO P01877392 5184274600 2021-04-05 2019 2022-09-23 18:48:47Z PAUL T STEC ROUTE 9 LOUDONVILLE NY 12211 175192428 false X WWW.SIENA.EDU X 1937 NY PLEASE SEE SCHEDULE O 25 24 2221 55 36356 9804017 9108818 158323609 152948746 7004769 5787548 315420 279792 175447815 168124904 68124442 71117939 0 0 65249811 63585518 0 0 3852016 38326018 35329022 171700271 170032479 3747544 -1907575 308467010 311119313 76693150 65044803 231773860 246074510 X PLEASE SEE SCHEDULE O false false 151558197 71117939 152948746 SEE SCHEDULE O 151558197 true true false true false false true false true true true false false true true true false true false true false true false true false false false true true true false false false false false false false false true false true false false false false true true true false false true X 455 0 true 2221 true true true true UK false false false true true false false false false false false false X 25 24 false false false false false false false true true false false true true true true true true true true false NY X PAUL STEC 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 Carmen Maciariello Head Coach Basketball 40.0 0.0 X 283435 0 55087 Paul Stec Vice President 50.0 0.0 X 224522 0 52483 Margaret Madden Interim President (beg. 7/19) 55.0 0.0 X 251499 0 21272 Charles Seifert Dean Bus/Interim VP (beg 8/19) 50.0 0.0 X 215007 0 42765 David Smith Vice President 50.0 0.0 X 210467 0 42842 Edward Jones Vice President 50.0 0.0 X 172263 0 41148 John D'Argenio VP & Athletic Director 40.0 0.0 X 175627 0 28151 Mark Berman Chief Information Officer 40.0 0.0 X 162514 0 36150 Aloysia Jacques Head Coach Basketball 40.0 0.0 X 173524 0 23392 Maryellen Gilroy Vice President 50.0 0.0 X 168958 0 25326 James Nolan Professor 40.0 0.0 X 149902 0 33062 Thomas L Amell Trustee 2.0 0.0 X 0 0 0 Thomas J Baldwin Jr Trustee 4.0 0.0 X 0 0 0 Ronald E Bjorklund Trustee 3.0 0.0 X 0 0 0 Thomas J Burke Trustee 1.5 0.0 X 0 0 0 Susan Law Dake Trustee 2.0 0.0 X 0 0 0 Virginia L Darrow Trustee 10.0 0.0 X 0 0 0 Howard S Foote Trustee 1.5 0.0 X 0 0 0 Fr James G Gannon OFM TRUSTEE 1.5 0.0 X 0 0 0 Jason Gottlieb Trustee 7.5 0.0 X 0 0 0 Steven L Lamy TRUSTEE 3.0 0.0 X 0 0 0 Br Walter J M Liss OFM Trustee 1.0 0.0 X 0 0 0 Fr Erick Lopez OFM Trustee 1.0 0.0 X 0 0 0 Mallory Massry Trustee 4.0 0.0 X 0 0 0 Burgandy-Leigh McCurty Trustee 3.0 0.0 X 0 0 0 William McGoldrick Trustee 4.0 0.0 X 0 0 0 John A McMahon Trustee 2.0 0.0 X 0 0 0 Lisa Moser TRUSTEE 1.5 0.0 X 0 0 0 Very Rev Kevin J Mullen OFM Trustee 5.0 0.0 X 0 0 0 John F Murray Trustee 5.0 0.0 X 0 0 0 John J Nigro Trustee 1.0 0.0 X 0 0 0 Neerav Patel Trustee 5.0 0.0 X 0 0 0 Kenneth M Raymond Jr Trustee 4.0 0.0 X 0 0 0 Scot Salvador Trustee 2.0 0.0 X 0 0 0 Nimmi M Trapasso MD Trustee 1.0 0.0 X 0 0 0 Basil J Valente Trustee 10.0 0.0 X 0 0 0 Br F Edward Coughlin OFM President (Thru 7/19) 40.0 0.0 X 0 0 0 2187718 0 401678 74 false true false AVI Foodsystems Inc 2590 Elm Road NE Warren OH 44483 Food Services 8135994 EAB Global Inc 1920 East Parham Rd Richmond VA 23228 Higher Ed Marketing 846667 Creative Communications Associates 2 Third Street Suite 250 Troy NY 12180 Higher Ed Marketing 530693 St Peter's Hospital 315 S Manning Blvd Albany NY 12208 Health Svcs Mngmt 421827 KPMG LLP 515 Broadway Albany NY 12207 Auditing/Tax Svcs 255770 18 191844 1413957 7503017 384983 9108818 Tuition & Fees 611310 116022912 116022912 Room & Board 611310 27952557 27952557 Other Program Revenue 611310 5136917 5136917 Laboratory Fees 611310 1754617 1754617 Other Student Fees 611310 1091470 1091470 990273 990273 152948746 3801711 31460 3770251 0 314098 314098 104089 190755 -86666 0 -86666 1795 -88461 8791560 6805723 1985837 1985837 1985837 120305 191844 71046 49259 49259 0 0 0 0 0 0 Advertising Revenue 541800 3101 3101 3101 168124904 152948746 36356 6030984 10545 10545 68241729 68241729 2865665 2865665 0 1386377 651769 495603 239005 58611 58611 45153238 37333027 6349597 1470614 3048228 2487909 448343 111976 10575095 8631202 1555420 388473 3363969 2745611 494784 123574 263805 164306 99499 161289 5682 155607 296550 296550 224 224 0 402655 402655 4923120 3554901 378486 989733 186777 37105 21111 128561 0 224198 224198 0 1997447 1904948 92499 1787493 1714347 36773 36373 0 0 1018835 943200 75635 0 8252230 7639614 612616 889400 99873 789527 Food 6306128 6306128 Supplies 3943972 3063307 800362 80303 Repair and Maintenance 2079909 1494982 567438 17489 Entertainment 831780 659228 60784 111768 1763210 1003119 664555 95536 170032479 151558197 14622266 3852016 12070048 18793035 64498 54365 13666504 14238809 3065848 2402020 0 0 0 0 1499206 1188441 0 0 4244881 2419548 244736282 123433877 125583535 121302405 39054378 41528438 106622923 106685294 0 0 0 0 2595189 2506958 308467010 311119313 10298913 10765844 0 0 3270067 6898341 35134822 32579495 0 0 0 0 0 0 0 0 27989348 14801123 76693150 65044803 X 119520139 127751783 112253721 118322727 231773860 246074510 308467010 311119313 X -1907575 3212954 12995271 X false true X true true true X 10460270 13204192 10325567 9804017 9108818 52902864 0 0 10460270 13204192 10325567 9804017 9108818 52902864 1750924 51151940 1638724 1624947 2836048 3964255 4103194 14167168 37727 128 37855 120305 120305 67228192 755253423 0.76087 0.76186 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 224 true 224 false false SCHEDULE C, PART II-B, LINE 1B THE COLLEGE AND THE COLLEGE'S VP & DIRECTOR OF ATHLETICS (JOHN M. DARGENIO) ARE REGISTERED LOBBYISTS IN NEW YORK STATE. SIENA COLLEGE IS REGISTERED AS A LOBBYIST IN NEW YORK STATE IN THE UNLIKELY EVENT OF INCIDENTAL CONTACT WITH ELECTED OR OTHER GOVERNMENT OFFICIALS. NO EMPLOYEE-RELATED EXPENSE HAS BEEN INCURRED IN RELATION TO LOBBYING ACTIVITY. SIENA COLLEGE HAS AN INSTITUTIONAL MEMBERSHIP TO THE CAPITAL REGION CHAMBER AND PAID $6,399 IN DUES TO THAT ORGANIZATION DURING THE TAX YEAR. THE INVOICE FOR THIS MEMBERSHIP STATED THAT 3.5% OF THE MEMBERSHIP IS ALLOCABLE FOR LOBBYING EXPENDITURES. 22057 X X X TEACHING false false false 137220433 2546132 8342010 2625463 5877174 139605938 135261551 3955997 5226449 2676280 4547284 137220433 129067735 2376149 8954721 2687205 2449849 135261551 120954382 3085590 13362261 2559561 5774937 129067735 131346001 2604047 -5204300 2404795 5386571 120954382 0.28790 0.71200 0.00010 false false 16655850 16655850 184557801 81037362 103520439 42817569 42396515 421054 705062 705062 121302405 7217664 F US EQUITIES 52430354 F GLOBAL EQUITIES 17619574 F VENTURE CAPITAL 18931943 F MULTI-STRATEGY 5748654 F OTHER 4737105 F 106685294 0 ANNUITIES PAYABLE 1214064 POSTRETIREMENT BENEFITS 8667293 FEDRAL STUDENT LOAN FUNDS 1599612 ASSET RETIREMENT OBLIGATION 3320154 14801123 X 184594930 3212954 12995271 16208225 168386705 -261801 -261801 168124904 170294280 261801 261801 170032479 170032479 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ART COLLECTION SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL PIECES FROM THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. SCHEDULE D, PART V, LINE 4 DESCRIPTION OF ENDOWMENT FUNDS ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. SCHEDULE D, PART X, LINE 2 THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D ACTUARIAL ADJUSTMENT & POST-RETIREMENT BENEFIT CHANGES $ 13,106,961 PROVISION FOR UNCOLLECTIBLE PLEDGES $ (111,690) ------------------ TOTAL: $ 12,995,271 SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSE $ (190,755) FUNDRAISING EXPENSE $ (71,046) ------------------ TOTAL: $ (261,801) SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE $ 190,755 FUNDRAISING EXPENSE $ 71,046 ------------------ TOTAL: $ 261,801 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 SIENA COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THE COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS. THE COLLEGE'S POLICY IS MADE AVAILABLE YEAR-ROUND ON ITS WEBSITE HOMEPAGE. SEE: WWW.SIENA.EDU SCHEDULE E, PART I, LINE 6A THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true Europe (Including Iceland and Greenland) PROGRAM SERVICES SERVICE/EDUCATION 1865 Central America and the Caribbean PROGRAM SERVICES SERVICE/EDUCATION 25062 Middle East and North Africa PROGRAM SERVICES SERVICE/EDUCATION 5279 East Asia and the Pacific Program Services SERVICE/EDUCATION 4824 South Asia Program Services SERVICE/EDUCATION 1902 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 1190066 Middle East and North Africa Program Services SCHOLARSHIPS 126850 South America Program Services SCHOLARSHIPS 310802 Sub-Saharan Africa Program Services SCHOLARSHIPS 447935 Central America and the Caribbean Program Services SCHOLARSHIPS 103756 East Asia and the Pacific Program Services SCHOLARSHIPS 177717 South Asia Program Services SCHOLARSHIPS 310765 North America Program Services SCHOLARSHIPS 197775 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 945451 East Asia and the Pacific Program Services STUDY ABROAD PROGRAM 74252 Europe (Including Iceland and Greenland) Program Services CONFERENCES 14685 Middle East and North Africa Program Services CONFERENCES 3789 Sub-Saharan Africa Program Services CONFERENCES 60 Central America and the Caribbean Program Services CONFERENCES 2653 East Asia and the Pacific Program Services CONFERENCES 6212 South Asia Program Services CONFERENCES 1702 North America Program Services CONFERENCES 1085 Russia and the Newly Independent States Program Services CONFERENCES 946 Central America and the Caribbean Investments 10853545 Europe (Including Iceland and Greenland) Investments 347567 3942775 11213770 15156545 Grants for Education Europe (Including Iceland and Greenland) 36 1190065 Other Grants for Education Middle East and North Africa 5 126850 Other Grants for Education South America 12 310802 Other Grants for Education Sub-Saharan Africa 13 447935 Other Grants for Education Central America and the Caribbean 3 103756 Other Grants for Education East Asia and the Pacific 9 177717 Other Grants for Education South Asia 12 310765 Other Grants for Education North America 5 197775 Other true false true true true true SCHEDULE F, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENT'S ENROLLMENT, BASED ON THE FOREIGN SCHOOLS RECORDS, AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. Golf Tournament 42352 11352 31000 2349 8248 Festa Vino 80927 40427 40500 637 1529 3499 3928 6 188870 140065 48805 3376 42357 3220 1903 312149 191844 120305 6362 52134 6719 5831 71046 49259 true Scholarships for Students 2962 68082287 Higher Education Emergency Relief Fund 46 159442 SCHEDULE I, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS, EXCEPT FOR HEERF AMOUNTS, TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNTS; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENT'S ENROLLMENT AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. AMOUNTS GRANTED UNDER THE HIGHER EDUCATION EMERGENY RELIEF FUND (HEERF) ARE PAID DIRECTLY TO STUDENTS. SCHEDULE I, PART III, LINE 2 The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted into law on March 27, 2020 as a $2 Trillion national economic rescue package. Approximately $14B of the funding was reserved for higher education institutions and the students they serve through the Higher Education Emergency Relief Fund (HEERF). Siena College awarded $159,442 in aid to students through this fund during the year ending May 31, 2020. X X true true X X X false false false false false false false false false Margaret Madden Interim President (beg. 7/19) 249218 2281 20015 1257 272771 Paul Stec Vice President 223127 1395 22604 29879 277005 Charles Seifert Dean Bus/Interim VP (beg 8/19) 210406 4601 19206 23559 257772 David Smith Vice President 199004 11463 20471 22371 253309 Edward Jones Vice President 169887 2376 17589 23559 213411 Maryellen Gilroy Vice President 166297 2661 16630 8696 194284 Carmen Maciariello Head Coach Basketball 252514 20000 10921 25990 29097 338522 John D'Argenio VP & Athletic Director 170641 4986 17338 10813 203778 Aloysia Jacques Head Coach Basketball 143659 20000 9865 14586 8806 196916 Mark Berman Chief Information Officer 160716 0 1798 16718 19432 198664 0 James Nolan Professor 148454 0 1448 14470 18592 182964 0 SCHEDULE J, PART I, LINE 1A CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. THE TRAVELER PROVIDED THE COLLEGE WITH APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. COUNTRY CLUB DUES WERE PROVIDED TO THE DEAN OF BUSINESS AND THE VP OF DEVELOPMENT AND EXTERNAL AFFAIRS TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSON'S FORM W-2. SCHEDULE J, PART I, LINE 3 THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR) THROUGH JULY 2019, IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TOOK A VOW OF POVERTY AND DID NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER WERE MADE IN LIEU OF THE PRESIDENT'S SALARY, WHICH WERE DETERMINED BY THE TRUSTEES. TRUSTEES ESTABLISHED THE IN LIEU OF PAYMENT THROUGH THE USE OF COMPARABLE SALARY DATA FOR SIMILARLY-SITUATED COLLEGES. A DORMITORY OF THE STATE OF NEW YORK SERIES 2017 146000293 2017-03-31 38395000 Renovation Construction false false false A 5445000 0 38395000 0 0 0 365080 0 0 2075000 35954920 0 2018 true true true true A false false true true false 0 false false false true A false false false true false false 0 false 0 false true A true SCHEDULE K, PART III, LINE 3A All management and service contracts in bond financed space qualify under a private business use safe harbor or exception or are incidental in nature. Therefore, no contracts result in private business use. SCHEDULE K, PART IV, LINE 2C The rebate calculation for the DASNY series 2017 was performed on May 31, 2018. JAMES KNOX RELATIVE OF TRUSTEE 58611 COMPENSATION false X 1 9500 FMV X 37 366886 AVERAGE PRICE X 1 1874 FMV X Athletics Reception 1 3259 FMV X Theatre Equipment 1 2000 FMV X Music Equipment 1 1000 FMV X Gift Cards 1 464 FMV 0 false true true SCHEDULE M, PART I, LINE 32b SECURITIES RECEIVED AS CONTRIBUTIONS ARE LIQUIDATED THROUGH A BROKER UPON RECEIPT. FORM 990, PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSES OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING, TO MAKE REASONED AND INFORMED JUDGMENTS, TO APPRECIATE CULTURAL DIVERSITY, TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. FORM 990, PART III, LINE 4A SIENA COLLEGE IS A COEDUCATIONAL, INDEPENDENT, LIBERAL ARTS COLLEGE WITH A FRANCISCAN AND CATHOLIC TRADITION. FOUNDED IN 1937 BY SEVEN FRANCISCAN FRIARS, IT IS LOCATED IN LOUDONVILLE, NEW YORK, A SUBURBAN COMMUNITY JUST OUTSIDE THE STATE'S CAPITAL. SIENA IS REGISTERED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. ALL PROGRAMS ARE ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AND THE SCHOOL OF BUSINESS IS ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, THE CHEMISTRY PROGRAM IS CERTIFIED BY THE AMERICAN CHEMICAL SOCIETY, THE SOCIAL WORK PROGRAM IS CERTIFIED BY THE COUNCIL ON SOCIAL WORK EDUCATION, AND THE EDUCATION PROGRAMS ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION. SIENA'S 3,091 UNDERGRADUATES ENROLL IN ONE OF THREE SCHOOLS - LIBERAL ARTS, SCIENCE, AND BUSINESS - AND MAY CHOOSE TO PURSUE STUDY FROM A TOTAL OF 24 DEPARTMENTS WITH 36 MAJORS, 63 MINORS AND CERTIFICATE PROGRAMS, AND PROFESSIONAL CURRICULA IN SECONDARY EDUCATION, PRE-LAW, AND SOCIAL WORK. 91 GRADUATES HAVE ENROLLED IN THE MASTERS DEGREE PROGRAMS. ON AVERAGE, 121 STUDENTS STUDY ABROAD IN A GIVEN YEAR. NINETY-FOUR PERCENT OF SIENA STUDENTS ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IMMEDIATELY FOLLOWING GRADUATION. ADMISSION TO THE COLLEGE IS COMPETITIVE. OF THE 841 INCOMING MEMBERS OF THE CLASS OF 2022, 19.1 PERCENT GRADUATED IN THE TOP TEN PERCENT OF THEIR HIGH SCHOOL CLASS AND THEIR AVERAGE SAT SCORE WAS 1134. FORM 990, PART VI, SECTION B, LINE 11A MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE TO HELP TRUSTEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT ALL TRUSTEES MUST COMPLETE AND UPDATE AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, IF APPLICABLE, MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL REVIEWS THE DISCLOSURES AND WILL DISCLOSE ANY REPORTED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR) THROUGH JULY 2019, IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TOOK A VOW OF POVERTY AND DID NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER WERE MADE IN LIEU OF THE PRESIDENT'S SALARY. THE BOARD OF TRUSTEES PERFORMED A REVIEW AND APPROVED AT REGULAR INTERVALS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE BOARD UTILIZED INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. AFTER JULY 2019, THE COMPENSATION FOR THE INTERIM PRESIDENT, WHO WAS NOT A MEMBER OF THE ORDER OF FRIARS MINOR AND DID RECEIVE SALARY FROM THE COLLEGE, WAS DETERMINED IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION POLICY OF THE COLLEGE. THE BOARD OF TRUSTEES APPROVED THE COMPENSATION RECEIVED BY THE INTERIM PRESIDENT AND UTILIZED INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE INTERIM PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE FOLLOWS THE IRS' GUIDELINES FOR PUBLIC DISCLOSURE. A COPY OF THE FORM 990 AND FORM 990-T IS MADE AVAILABLE TO THE PUBLIC BY REQUEST THROUGH THE FINANCE AND ADMINISTRATION OFFICE. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 ACTUARIAL ADJUSTMENT & POST-RETIREMENT BENEFIT CHANGES $ 13,106,961 PROVISION FOR UNCOLLECTIBLE PLEDGES $ (111,690) ------------------ TOTAL: $ 12,995,271 SPRING PROPERTIES INC 515 LOUDON ROAD LOUDONVILLE NY 12211 141706494 RENTAL NY SIENA COLLEGE C CORP 22621 357429 1.00000 true CHARITABLE REMAINDER UNITRUST (6) INVESTING NA true CHARITABLE REMAINDER TRUST (5) INVESTING NY NA true false false false true true false false false false false false false false false false false false true true SPRING PROPERTIES INC (DUE TO SIENA) d 141907 BOOK SPRING PROPERTIES INC (DUE FROM SIENA) e 353736 BOOK SCHEDULE R, PART IV, COLUMN (C) THE CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 2 - FL 3 - NY 4 - CT 5 - NY 6 - NY