2021-04-15T13:14:55-05:00 2020-05-31 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2019-06-01 141338562 SKIDMORE COLLEGE SKID 5185805000 815 NORTH BROADWAY SARATOGA SPRINGS NY 12866 KYLE M BERNARD CPA AVP FINANCE/CONTROLLER 5185805820 2021-04-13 1 XIAOQIANG ZHANG P01577994 5184493166 2021-04-13 2019 2022-09-23 18:48:47Z MARC C CONNER 815 NORTH BROADWAY SARATOGA SPRINGS NY 12866 328522020 0 X WWW.SKIDMORE.EDU X 1903 NY HIGHER EDUCATION 37 36 3316 2707 -45480 0 29751840 31454239 183638761 186415938 28626610 23650654 -44003 -70740 241973208 241450091 48488001 55666486 0 0 101878766 100967671 0 0 5696996 64536641 57861940 214903408 214496097 27069800 26953994 827574391 826455911 179318006 173270339 648256385 653185572 X THE EDUCATION OF PREDOMINANTLY FULL-TIME UNDERGRADUATES, A DIVERSE POPULATION OF TALENTED STUDENTS WHO ARE EAGER TO ENGAGE ACTIVELY IN THE LEARNING PROCESS. THE COLLEGE SEEKS TO PREPARE LIBERALLY EDUCATED GRADUATES TO CONTINUE THEIR QUEST FOR KNOWLEDGE AND TO MAKE THE CHOICES REQUIRED OF INFORMED, RESPONSIBLE CITIZENS. SKIDMORE FACULTY AND STAFF CREATE A CHALLENGING YET SUPPORTIVE ENVIRONMENT THAT CULTIVATES STUDENTS' INTELLECTUAL AND PERSONAL EXCELLENCE, ENCOURAGING THEM TO EXPAND THEIR EXPECTATIONS OF THEMSELVES WHILE THEY ENRICH THEIR ACADEMIC UNDERSTANDING. 0 0 47920168 151036527 INSTRUCTION AND RESEARCH: INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE A PART OF THE COLLEGE'S INSTRUCTIONAL PROGRAM. THE COLLEGE PROVIDES LIBERAL ARTS EDUCATION TO APPROXIMATELY 2650 STUDENTS AND MAINTAINS A STUDENT TO FACULTY RATIO OF APPROXIMATELY 8:1. 55646486 55646486 12109 STUDENT AID: INCLUDES EXPENSES FOR SCHOLARSHIPS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY THE INSTITUTION FROM A NEEDS-BASED PROGRAM. CURRENTLY, APPROXIMATELY 48% OF SKIDMORE STUDENTS ARE RECEIVING SCHOLARSHIPS, GRANTS, LOANS, AND/OR WORK AWARDS WHICH ARE OFFERED SINGLY OR IN VARIOUS COMBINATIONS. 25772611 INSTITUTIONAL SUPPORT: INCLUDES EXPENSES FOR CENTRAL ADMINISTRATIVE LEVEL ACTIVITIES CONCERNED WITH MANAGEMENT OF THE ENTIRE INSTITUTION. ORGANIZATIONAL UNITS INCLUDE FISCAL OPERATIONS, PLANNING AND BUDGETING, HUMAN RESOURCES, PURCHASING, CAMPUS SAFETY, INFORMATION TECHNOLOGY, ETC. 49551218 20000 33071814 HIGHER EDUCATION: OTHER: INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND OTHER AUXILIARY ENTERPRISES. STUDENT SERVICES INCLUDES EXPENSES FOR ORGANIZATIONAL UNITS THAT PROVIDE SUPPORT TO STUDENTS. THESE UNITS INCLUDE HEALTH SERVICES, COUNSELING CENTER, ATHLETICS, INTERFAITH PROGRAMS, ETC. ACADEMIC SUPPORT INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE PART OF THE COLLEGE'S ACADEMIC MISSION. AUXILIARY ENTERPRISES INCLUDES EXPENSES FOR ORGANIZATIONAL UNITS THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO THE COST OF THE GOODS OR SERVICES. FACILITIES INCLUDE TWELVE DORMS AND APARTMENT COMPLEXES PROVIDING HOUSING TO APPROXIMATELY 2150 STUDENTS, TWO DINING HALLS, A BOOKSTORE, SNACK BAR, CHILD CENTER, AND TELEPHONE SERVICES. 49551218 20000 33071814 178890483 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 837 0 1 3316 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SKIDMORE COLLEGE FINANCIAL SERVICES 5185805820 815 NORTH BROADWAY SARATOGA SPRINGS NY 12866 PHILIP A GLOTZBACH PRESIDENT 35.00 X X 502935 0 103951 BARBARA BECK FORMER ASSOCIATE VP & DIRECTOR OF HR 35.00 X 376822 0 18489 DONNA NG VP FOR FINANCE/ADMIN & TREASURER 35.00 X 294368 0 46475 SEAN CAMPBELL VP FOR ADVANCEMENT 35.00 X 259255 0 35656 MICHAEL ORR VP ACADEMIC AFFAIRS & FACULTY DEAN 35.00 X 243678 0 49045 MARY LOU BATES VP & DEAN OF ADMISSIONS & FIN AID 35.00 X 248820 0 40575 JOSHUA WOODFORK VP FOR STRATEGIC PLAN,INST DIVERSITY 35.00 X 230412 0 31995 CERRI BANKS VP FOR STUDENT AFFAIRS 35.00 X 225972 0 34272 MARTIN MBUGUA VP FOR COMMUNICATIONS & MARKETING 35.00 X 211629 0 46256 WILLIAM BRESLIN PROFESSOR 35.00 X 202738 0 42040 ROBERT BOYERS PROFESSOR & EDITOR OF SALMAGUNDI 35.00 X 179350 0 19051 CRYSTAL MOORE PROFESSOR 35.00 X 176913 0 32771 SHELDON SOLOMON PROFESSOR 35.00 X 172309 0 30547 GAIL CUMMINGS-DANSON ATHLETICS DIRECTOR 35.00 X 164641 0 37830 JEFFREY SEGRAVE PROFESSOR 35.00 X 155141 0 30765 JONATHAN ACHENBAUM TRUSTEE 3.00 X 0 0 0 DANIEL ALLEN TRUSTEE 3.00 X 0 0 0 HARRY ALVERSON TRUSTEE 3.00 X 0 0 0 DANIEL ANTONELLI TRUSTEE 3.00 X 0 0 0 SUSAN GOTTLIEB BECKERMAN TRUSTEE 3.00 X 0 0 0 JOSHUA BOYCE TRUSTEE 3.00 X 0 0 0 JONATHAN BRESTROFF PARKER TRUSTEE 3.00 X 0 0 0 CHARLES BUCHANAN TRUSTEE 3.00 X 0 0 0 WILLIAM CALEO TRUSTEE 3.00 X 0 0 0 M L GRAEME CAMPBELL TRUSTEE 3.00 X 0 0 0 KALYAN DAS TRUSTEE 3.00 X 0 0 0 CLAIRE DAVENPORT TRUSTEE 3.00 X 0 0 0 ALAN GILBERT TRUSTEE 3.00 X 0 0 0 PHILIP GLOTZBACH TRUSTEE 3.00 X 0 0 0 KATHERINE GROSS TRUSTEE 3.00 X 0 0 0 SIBYL HALEY TRUSTEE 3.00 X 0 0 0 MAXINE ISAACS TRUSTEE 3.00 X 0 0 0 LINDA JACKSON-CHALMERS TRUSTEE 3.00 X 0 0 0 WILLIAM LADD TRUSTEE 3.00 X 0 0 0 MARIA MARKOWITZ TRUSTEE 3.00 X 0 0 0 SCOTT MARTIN TRUSTEE 3.00 X 0 0 0 KATHERINE POHLAD MCMILLAN TRUSTEE 3.00 X 0 0 0 JOHN MELLIGON TRUSTEE 3.00 X 0 0 0 BARBARA KAHN MOLLER TRUSTEE 3.00 X 0 0 0 DIANA PERRY TRUSTEE 3.00 X 0 0 0 JOEL QUADRACCI TRUSTEE 3.00 X 0 0 0 KIM ROY TOFALLI TRUSTEE 3.00 X 0 0 0 ANNE SCHAPPS SCHAFFER TRUSTEE 3.00 X 0 0 0 MILLIE TAN TRUSTEE 3.00 X 0 0 0 JULIANNE CARTWRIGHT TRAYLOR TRUSTEE 3.00 X 0 0 0 MARGARET VALENTINE TRUSTEE 3.00 X 0 0 0 KIM WACHENHEIM WAGMAN TRUSTEE 3.00 X 0 0 0 ROBERT WEISBUCH TRUSTEE 3.00 X 0 0 0 TOM WILMOT TRUSTEE 3.00 X 0 0 0 JAMES ZANKEL TRUSTEE 3.00 X 0 0 0 NANCY HAMILTON BOARD CHAIR 10.00 X X 0 0 0 3644983 0 599718 128 1 1 0 MLB CONSTRUCTION 1 STONEBREAK RD BALLSTON SPA NY 12020 CONSTRUCTION MANAGEMENT 17259264 SODEXO OPERATIONS PO BOX 360170 PITTSBURGH PA 15251 PROJECT MANAGEMENT 2223535 IES ABROAD 33 W MONROE ST STE 2300 CHICAGO IL 60603 EDUCATION SERVICES 2093749 PAYETTE ASSOCIATES INC 290 CONGRESS ST 5TH FL BOSTON MA 02210 ARCHITECTURAL SERVICES 1420564 MUNTER ENTERPRISES INC 881 MURRAY RD MIDDLE GROVE NY 12850 DESIGN/BUILD SERVICES 998690 24 X 49080 4420947 26984212 6553752 31454239 TUITION & FEES 611310 151036527 151036527 AUXILIARY ENTERPRISES 721310 33996217 31836987 77437 2081793 OTHER SOURCES 611710 1371085 1234827 136258 STUDENT LOANS INTEREST 611710 12109 12109 186415938 2153243 2153243 108444205 1950 86363554 585190 22080651 -583240 21497411 21497411 175362 49080 123185 52177 52177 PASS-THROUGH ENTITIES 900099 -122917 -122917 -122917 241450091 184120450 -45480 25920882 20000 20000 55646486 55646486 2838496 968833 1553115 316548 70478728 55653480 11765111 3060137 6561038 5243925 1038168 278945 16562901 11726530 4359632 476739 4526508 3524327 809413 192768 280045 61766 218279 113429 1470 111959 9058448 6464206 1966017 628225 1035158 709528 208690 116940 2727548 531108 2196440 2336631 1763043 232758 340830 542142 537172 4970 2524928 2524928 15920983 15920983 1097075 150191 946884 EQUIPMENT RENTAL 5177595 2619118 2549988 8489 COST OF GOODS SOLD 3758899 3758899 SUPPLIES 1875454 1559733 293224 22497 RECRUITING 1515888 1061654 312773 141461 9897717 8443103 1341197 113417 214496097 178890483 29908618 5696996 558372 719605 74346771 76140383 17674022 18163629 1380214 1858311 890845 658094 396462 497188 2926642 2324555 555927449 287282815 248765947 268644634 480453763 457447532 181353 1980 827574391 826455911 76104363 72464913 8299316 9588712 93819187 90411027 1095140 805687 179318006 173270339 X 350495055 357297346 297761330 295888226 648256385 653185572 827574391 826455911 X 26953994 -24619469 2594662 X 0 1 X 1 1 1 X 34937086 25608869 33511773 29751840 31454239 155263807 34937086 25608869 33511773 29751840 31454239 155263807 5637362 149626445 660661 1119130 1180865 2052747 2153243 7166646 52645 122352 248567 423564 162854017 877653781 0.91880 0.90230 X PARTS I AND II, PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE SKIDMORE COLLEGE QUALIFIES AS A PUBLIC CHARITY AS A SCHOOL DESCRIBED IN THE INTERNAL REVENUE CODE, SECTION 170(B)(1)(A)(II). THE PUBLIC SUPPORT SCHEDULE IN PART II HAS BEEN COMPLETED TO SHOW THAT THE COLLEGE ALSO MEETS THE ONE-THIRD PUBLIC SUPPORT TEST OF SECTION 509(A)(1), AND QUALIFIES TO USE THE SPECIAL RULE IN ITS SCHEDULE B PRESENTATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3857973 19101111 X X X 0 373863662 5448186 -2894904 6337166 13004503 357075275 379340230 5304326 8395332 6169407 13006819 373863662 363023580 4158567 30915193 6067321 12689789 379340230 329902264 3691874 46508197 5710391 11368364 363023580 350041607 9642814 -11950402 5659746 12172009 329902264 0.39200 0.40910 0.19890 1 0 4571047 4571047 393370571 174782602 218587969 103577218 82846622 20730596 54408613 29653591 24755022 268644634 CASH & CASH EQUIVALENTS 16301647 F COMMON STOCKS 49782368 F CLOSELY HELD STOCKS 32447769 F EQUITY LONG/SHORT INVESTMENT FUNDS 23820047 F FIXED INCOME MUTUAL FUNDS 51259017 F FIXED INCOME COMMINGLED INVESTMENT FUNDS 5566154 F ABSOLUTE RETURN FUNDS 15916048 F PRIVATE EQUITY CAPITAL FUND 48058130 F PRIVATE EQUITY REAL ESTATE FUNDS 11073819 F INVESTMENTS MEASURED AT NAV 196072839 F INVESTMENTS UNDER SPLIT INTEREST AGREEMENTS 7149694 F 457447532 REFUNDABLE GOVERNMENT LOAN FUNDS 566153 ASSET RETIREMENT OBLIGATION 239534 805687 X 163901983 -24619469 2717847 -21901622 185803605 55646486 55646486 241450091 158972796 123185 123185 158849611 55646486 55646486 214496097 PART III, LINE 4: DESCRIPTION OF ART, ETC. COLLECTIONS AND CONTRIBUTION TO EXEMPT PURPOSE: SKIDMORE COLLEGE HOLDS A CULTURALLY AND HISTORICALLY DIVERSE COLLECTION OF OVER 4,500 ARTWORKS AND ETHNOGRAPHIC OBJECTS THAT SERVE PRIMARILY AS A LEARNING RESOURCE FOR FACULTY AND STUDENTS. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT THE ACTIVITIES AND MISSION OF THE COLLEGE. PART X, LINE 2: FASB ASC 740 TEXT OF FOOTNOTE FROM THE FINANCIAL STATEMENTS: THE PRIMARY INCOME TAX POSITION TAKEN BY THE COLLEGE FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS IS THAT THE COLLEGE CONTINUES TO BE EXEMPT FROM INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. THE COLLEGE BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. NONE OF THE COLLEGE'S RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 175,310. DEBT ISSUANCE COSTS AMORTIZATION 285,371. DIRECT FUNDRAISING EXPENSES 123,185. PENSION & POSTRETIREMENT BENEFIT ADJUSTMENTS 2,133,981. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS, SCHOLARSHIPS & FINANCIAL AID TO STUDENTS 55,646,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 123,185. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS, SCHOLARSHIPS & FINANCIAL AID TO STUDENTS 55,646,486. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE INTERNET AND IN THE PRINTED COLLEGE CATALOGUE IN ORDER TO BEST MAKE KNOWN TO THE GENERAL COMMUNITY AS WELL AS TO PROSPECTIVE STUDENTS. DUE TO THE LARGE GEOGRAPHIC AREA OF RECRUITING FOR THE COLLEGE USING THE INTERNET FOR BROADCAST MEDIA WAS DETERMINED TO BE THE MOST EFFECTIVE BROADCAST MEDIA OUTLET. SCHEDULE E, PART I, LINE 6 FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES INCLUDE PELL GRANT, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, COLLEGE WORK STUDY PROGRAM, FEDERAL DIRECT STUDENT LOANS, AS WELL AS OTHER ASSISTANCE THAT IS USED IN FULFILLING THE MISSION OF THE COLLEGE. FEDERAL CARES ACT FUNDING: SKIDMORE COLLEGE SUFFERED LOSS OF REVENUES IN EXCESS OF $4 MILLION ARISING FROM CLOSING OF ON-CAMPUS RESIDENTIAL FACILITIES AND ACTIVITIES DUE TO COVID-19. THE COLLEGE WAS AWARDED $820,316 IN INSTITUTIONAL SUPPORT TO COVER THESE LOSSES AND $820,317 IN EMERGENCY FINANCIAL AID GRANTS FOR STUDENTS. BY MAY 31, 2020 THE COLLEGE HAD AWARDED $529,328 FROM EACH OF THE TWO FOREGOING CATEGORIES FOR THE RESPECTIVELY INTENDED INSTITUTIONAL SUPPORT AND STUDENT AID. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT IN LIMITED PARTNERSHIPS 12822810 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT IN LIMITED PARTNERSHIPS 6950220 0 0 0 0 0 0 19773030 0 19773030 0 0 0 0 1 0 PART III ACCOUNTING METHOD: FOSA GOLF TOURNAMENT 46239 12480 33759 18027 12018 1561 PALAMOUNTAIN 178203 36600 141603 2297 27792 29625 10515 21350 224442 49080 175362 2297 45819 41643 10515 22911 123185 52177 1 SARATOGA PERFORMING ARTS CENTER 108 AVENUE OF THE PINES SARATOGA SPRINGS NY 12866 412247391 501(C)(3) 20000 CELEBRATION OF ARTS IN THE COMMUNITY SCHOLARSHIPS AND PRIZES 1243 55646486 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS AND PRIZES ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. THESE GUIDELINES ARE ALSO AVAILABLE TO STUDENTS ON THE SKIDMORE COLLEGE WEBSITE. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 PHILIP A GLOTZBACH PRESIDENT 502935 0 0 0 0 0 30800 0 73151 0 606886 0 0 0 BARBARA BECK FORMER ASSOCIATE VP & DIRECTOR OF HR 376822 0 0 0 0 0 11758 0 6731 0 395311 0 0 0 DONNA NG VP FOR FINANCE/ADMIN & TREASURER 294368 0 0 0 0 0 33600 0 12875 0 340843 0 0 0 SEAN CAMPBELL VP FOR ADVANCEMENT 259255 0 0 0 0 0 28711 0 6945 0 294911 0 0 0 MICHAEL ORR VP ACADEMIC AFFAIRS & FACULTY DEAN 243678 0 0 0 0 0 30363 0 18682 0 292723 0 0 0 MARY LOU BATES VP & DEAN OF ADMISSIONS & FIN AID 248820 0 0 0 0 0 27424 0 13151 0 289395 0 0 0 JOSHUA WOODFORK VP FOR STRATEGIC PLAN,INST DIVERSITY 230412 0 0 0 0 0 25050 0 6945 0 262407 0 0 0 CERRI BANKS VP FOR STUDENT AFFAIRS 225972 0 0 0 0 0 27327 0 6945 0 260244 0 0 0 MARTIN MBUGUA VP FOR COMMUNICATIONS & MARKETING 211629 0 0 0 0 0 25202 0 21054 0 257885 0 0 0 WILLIAM BRESLIN PROFESSOR 202738 0 0 0 0 0 23358 0 18682 0 244778 0 0 0 ROBERT BOYERS PROFESSOR & EDITOR OF SALMAGUNDI 179350 0 0 0 0 0 18741 0 310 0 198401 0 0 0 CRYSTAL MOORE PROFESSOR 176913 0 0 0 0 0 20020 0 12751 0 209684 0 0 0 SHELDON SOLOMON PROFESSOR 172309 0 0 0 0 0 17907 0 12640 0 202856 0 0 0 GAIL CUMMINGS-DANSON ATHLETICS DIRECTOR 164641 0 0 0 0 0 19148 0 18682 0 202471 0 0 0 JEFFREY SEGRAVE PROFESSOR 155141 0 0 0 0 0 17226 0 13539 0 185906 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES PRESIDENT GLOTZBACH WITH A CAMPUS HOUSE AND REQUIRES ITS USE AS A CONDITION OF EMPLOYMENT FOR THE BENEFIT OF THE COLLEGE. THE TOTAL ANNUAL ESTIMATED VALUE IS INCLUDED IN NON-TAXABLE BENEFITS IN FORM 990, PART VII, LINE 1A AND SCHEDULE J, PART II. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906CC6 2011-02-04 32363454 REFUND OF PRIOR ISSUE & STUDENT DORMITORIES 0 0 0 B SARATOGA COUNTY CAPITAL RESOURCE CORPORATION 461520521 803481BD1 2014-04-29 12490813 REFUND OF PRIOR ISSUE 0 0 0 C SARATOGA COUNTY CAPITAL RESOURCE CORPORATION 461520521 803481BY5 2014-06-03 25375106 REFUND OF PRIOR ISSUE 0 0 0 D SARATOGA COUNTY CAPITAL RESOURCE CORPORATION 461520521 803481CS7 2018-03-01 39536432 CONSTRUCTION OF CENTER FOR INTEGRATED SCIENCES - NORTH WING 0 0 0 A 32363454 2977863 753358 21371791 8960402 2006 1 0 1 1 B 12490813 127779 12363034 2014 1 0 1 1 C 25375106 285387 25089719 2013 1 0 1 1 D 40711239 1709250 548182 27838588 10615219 2020 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART I, COLUMN D LINE 3 TOTAL PROCEEDS OF ISSUE ARE GREATER THAN ISSUE PRICE DUE TO INVESTMENT EARNINGS. ADIRONDACK TRUST CO PRES. GLOTZBACH IS A BOARD MEMBER OF THE ADIRONDACK TRUST CO. 372747 THE COLLEGE RECEIVED INTEREST/DIVIDENDS OF $391,170 FOR EQUITY INTEREST IN ADIRONDACK TRUST CO. AND OTHER AMOUNTS HELD WITH ADIRONDACK TRUST CO. AND PAID FEES OF $18,423. 0 X 34 3857973 EXPERT OPINION X 96 2143779 DAY'S HIGH/LOW AVERAGE X HORSES 7 552000 EXPERT OPINION 13 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE DRAFT RETURN (FORM 990) WAS REVIEWED BY THE AUDIT AND RISK MANAGEMENT COMMITTEE PRIOR TO FILING. COPIES OF THE FINAL RETURN WERE SUBSEQUENTLY PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST PROCEDURES: COLLEGE TRUSTEES, COMMITTEE MEMBERS, OFFICERS, AND CERTAIN OTHER EMPLOYEES ARE REQUIRED TO COMPLETE A FORM AND DISCLOSE ANY CONFLICTS. ALL DISCLOSURES ARE REVIEWED AND ABATED BY REMOVING THE EMPLOYEE FROM THE SITUATION TO ENSURE THAT AN ARM'S LENGTH TRANSACTION TAKES PLACE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: PROCESS FOR DETERMINING COMPENSATION: THE COLLEGE BOARD OF TRUSTEES HAS DELEGATED THE IMPLEMENTATION OF PRACTICES AS IT RELATES TO EXECUTIVE COMPENSATION TO THE COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION PREPARES SALARY AND PEER DATA COLLECTED THROUGH H.R., SURVEYS, ETC. FOR BOTH THE PRESIDENT AND OTHER OFFICERS. THE PRESIDENT OF THE COLLEGE MAKES A RECOMMENDATION TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR OFFICERS OF THE COLLEGE BASED ON THE RELEVANT DATA, MARKET ANALYSIS, PEER DATA, ETC. THE COMPENSATION COMMITTEE IS PROVIDED LEEWAY TO DEVIATE FROM THE RECOMMENDATION WHERE OTHER CONSIDERATIONS ARE RELEVANT AND APPROVES THE OFFICER SALARIES. ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE, AS WELL AS THE SALARY AND PEER DATA COLLECTED THROUGH H.R., SURVEYS, ETC. AS IT RELATES TO THE PRESIDENT OF THE COLLEGE AND WILL APPROVE ANY ADJUSTMENTS TO THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC ACCESS TO DOCUMENTS: FINANCIAL STATEMENT DATA IS INCLUDED IN THE ANNUAL INFORMATION RETURN (FORM 990) AND THE INFORMATION IS MADE PUBLIC. POLICIES CAN BE FOUND ON THE COLLEGE'S WEBSITE. THE COLLEGE'S CHARTER IS FILED WITH NEW YORK STATE. FORM 990, PART VIII, LINE 2 AUXILIARY ENTERPRISES UNRELATED BUSINESS REVENUES: SKIDMORE COLLEGE HAS HAD LONG TERM RELATIONSHIPS WITH MANY CULTURAL INSTITUTIONS THAT BRING THEIR ACTIVITIES TO SARATOGA SPRINGS DURING THE SUMMER. THESE INSTITUTIONS INCLUDE DANCE COMPANIES, ORCHESTRAS, BALLET COMPANIES, AND OTHER ARTIST GROUPS. THESE ACTIVITIES ENRICH THE CULTURAL LIFE AT SKIDMORE AND THE COMMUNITY AND ARE A SIGNIFICANT PART OF THE EDUCATIONAL EXPERIENCE AT SKIDMORE. THE COLLEGE DERIVES REVENUE FROM MAKING ITS FACILITIES AVAILABLE TO THE VISITING ARTISTS AND THEIR STAFF. THE EXPENSES AND DEDUCTIONS ASSOCIATED WITH THESE REVENUES HAVE EXCEEDED THE REVENUES. THESE ACTIVITIES ARE NOT REPORTED AS UNRELATED BUSINESS INCOME SINCE THEY CONTRIBUTE IMPORTANTLY TO THE EDUCATIONAL MISSION OF THE COLLEGE. DURING THE CURRENT REPORTING PERIOD REVENUES IN THIS CATEGORY (COMPRISED OF ROOM AND BOARD CHARGES AND FEES) AMOUNTED TO $2,346,951. THE COLLEGE ALSO DERIVES SMALL AMOUNTS OF REVENUE FROM SOME UNRELATED ACTIVITIES CARRIED ON AS PART OF THE LARGER EXEMPT FUNCTION ACTIVITIES. THESE REVENUES COVER PART OF THE COLLEGE'S FIXED AND VARIABLE COSTS ASSOCIATED WITH THESE ACTIVITIES BUT THE EXPENSES AND COSTS PROPERLY ALLOCABLE TO THESE ACTIVITIES HAVE GENERALLY EXCEEDED THE REVENUES. EXCESS REVENUES IN THIS CATEGORY IN THE CURRENT REPORTING PERIOD INCLUDE $92,309 FROM RENTAL OF EXCESS CAPACITY IN THE STABLES, $5,376 FROM THE SURREY-WILLIAMSON INN, AND $5,533 FROM THE TANG MUSEUM SHOP AT SKIDMORE. THE NET LOSSES FROM THESE ACTIVITIES HAVE NOT BEEN REPORTED AS UNRELATED BUSINESS INCOME OR LOSS. FORM 990, PART XI, LINE 9: AMORTIZATION OF DEBT ISSUANCE COSTS 285,371. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 175,310. PENSION & POSTRETIREMENT BENEFIT ADJUSTMENTS 2,133,981. CHARITABLE REMAINDER TRUSTS (21) INVESTMENT NY VARIOUS 0 CHARITABLE GIFT ANNUITIES (80) INVESTMENT NY VARIOUS 0 POOLED INCOME FUND (1) INVESTMENT NY VARIOUS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0