2021-05-10T13:29:42-05:00 2020-06-30 474526160 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 146041801 990 2019-07-01 166054295 KEUKA COLLEGE KEUK 3152795244 141 CENTRAL AVENUE KEUKA PARK NY 14478 ROBERT BAUMET VP OF FINANCE & ADMIN. 3152795244 2021-05-06 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2021-05-06 2019 2022-09-23 18:48:47Z AMY STOREY 141 CENTRAL AVENUE KEUKA PARK NY 14478 63364210 0 X WWW.KEUKA.EDU X 1892 NY TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY. 27 26 1098 446 99384 0 2202152 5123983 55916353 56164113 598514 749382 648200 464550 59365219 62502028 18581392 19943089 0 0 21824957 21971664 0 0 702878 17629508 16200981 58035857 58115734 1329362 4386294 59604196 64223281 32547081 32790949 27057115 31432332 X TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY. 0 0 47385680 19943089 56529279 SINCE ITS FOUNDING IN 1890 AS A SPIRITUALLY CENTERED COLLEGE OF LIBERAL ARTS AND PRACTICAL LEARNING, KEUKA COLLEGE HAS GRADUATED GENERATIONS OF HUMANISTS AND SCIENTISTS, CONTRIBUTIVE CITIZENS AND CARING LEADERS; WOMEN AND MEN ENERGETICALLY ENGAGED IN THE ART OF LEADING PRODUCTIVE AND FULFILLING LIVES. KEUKA COLLEGE STUDENTS ARE CHOSEN FOR REASONS OF ABILITY AND CHARACTER, AND DURING THEIR KEUKA COLLEGE YEARS, THEY DEVELOP THOSE ABILITIES, DISCOVER OTHERS THEY DID NOT KNOW THEY HAD, AND TAKE RESPONSIBILITY NOT ONLY OF THE COURSE OF THEIR EDUCATIONS, BUT THE PURSUIT OF THEIR OWN HAPPINESS.KEUKA COLLEGE OFFERS ACCREDITED LIBERAL ARTS-BASED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AT ITS HOME CAMPUS AND ACROSS NEW YORK STATE. THE COLLEGE ALSO OPERATES PROGRAMS IN CHINA AND VIETNAM. NURSING, BUSINESS, CRIMINAL JUSTICE, SOCIAL WORK, OCCUPATIONAL THERAPY, PSYCHOLOGY, AND BIOLOGY ARE AMONG THE TOP PROGRAMS IN THE COLLEGE'S PROGRAM PORTFOLIO. 47385680 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 2472 0 1 1098 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PHILIP CATALANO CONTROLLER 3152795252 141 CENTRAL AVENUE KEUKA PARK NY 144780098 AMY STOREY PRESIDENT 40.00 X X 307431 0 29469 BARBARA S ALLARDICE PHD BOARD OF TRUSTEES 1.00 X 0 0 0 DONALD P WERTMAN BOARD OF TRUSTEES 1.00 X 0 0 0 SANDRA ANSLEY BOARD OF TRUSTEES 1.00 X 0 0 0 KEITH H FAGAN BOARD OF TRUSTEES 1.00 X 0 0 0 REV ANNE B WAASDORP BOARD OF TRUSTEES 1.00 X 0 0 0 CRYSTAL J GIPS EDD BOARD OF TRUSTEES 1.00 X 0 0 0 ARLENE M CASH BOARD OF TRUSTEES 1.00 X 0 0 0 CAROLYN M KLINGE PHD BOARD OF TRUSTEES 1.00 X 0 0 0 SALLY E KUEHL SECRETARY 1.00 X X 0 0 0 KATHERENE MEISCH BOARD OF TRUSTEES 1.00 X 0 0 0 DAVID D MILLER BOARD OF TRUSTEES 1.00 X 0 0 0 ELLEN MUSHINSKI BOARD OF TRUSTEES 1.00 X 0 0 0 SUZANNE AQUILINA DNP BOARD OF TRUSTEES 1.00 X 0 0 0 MARTIN F PALUMBOS TREASURER 1.00 X X 0 0 0 AQUA Y PORTER VICE CHAIR 1.00 X X 0 0 0 JILL S GREGORY BOARD OF TRUSTEES 1.00 X 0 0 0 REV DR MARLOWE WASHINGTON DMIN BOARD OF TRUSTEES 1.00 X 0 0 0 ALAN R ZIEGLER CHAIR 1.00 X X 0 0 0 BETTYLOU KOFFEL MD BOARD OF TRUSTEES 1.00 X 0 0 0 SUSAN E NORDSTROM BOARD OF TRUSTEES 1.00 X 0 0 0 GENE F PIERCE BOARD OF TRUSTEES 1.00 X 0 0 0 ALEXIS TELGA STUDENT REPRESENTATIVE 1.00 X 1817 0 0 KATHARINE F WILHELM BOARD OF TRUSTEES 1.00 X 0 0 0 JUANITA M HAWKINS BOARD OF TRUSTEES 1.00 X 0 0 0 PATRICIA MIDDLEBROOK BOARD OF TRUSTEES 1.00 X 0 0 0 JEFFREY WRIGHT BOARD OF TRUSTEES 1.00 X 0 0 0 LYN FITCH BOARD OF TRUSTEES 1.00 X 0 0 0 ZACHARY WRIGHT STUDENT REPRESENTATIVE 1.00 X 1501 0 0 ROBERT BAUMET VP FINANCE & ADMIN 40.00 X 146067 0 30878 MARK PETRIE VP FOR ENROLLMENT & STUD. 40.00 X 175000 0 24987 BRAD FUSTER PROVOST & VP FOR ACAD AFFAIRS 40.00 X 164375 0 19403 ANDREA CAMPBELL ASSOCIATE VIP & CIO 40.00 X 132580 0 17954 TIMOTHY SELLERS ASSOCIATE PROVOST 40.00 X 120875 0 16949 ELIZABETH RUSSO DIVISION CHAIR OF NURSING 40.00 X 125941 0 32388 PETE BEKISZ VP COMM, MKTG & IT 40.00 X 121077 0 16963 MEGAN PERKINS DIRECTOR OF ADMISSIONS 40.00 X 111657 0 16271 1408321 0 205262 13 0 1 0 AVI FOODSYSTEMS INC 2590 ELM RD WARREN OH 44483 FOOD SERVICES 1804285 FINGER LAKES PREMIER PROPERTIES INC 142 LAKE STREET PENN YAN NY 14527 PHYSICAL PLANT/HOUSEKEEPING 1576427 BBL CONSTRUCTION SERVICES LLC 302 WASHINGTON AVE EXT ALBANY NY 12203 CONSTRUCTION 727625 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FACILITIES 500000 NMS SECURITY SERVICES LLC 800 E DIMOND BLVD STE 3-450 ANCHORAGE AK 99515 SECURITY SERVICES 379338 16 373403 4750580 1833930 5123983 TUITION & FEES 900099 44384006 44384006 ROOM & BOARD 900099 10450757 10450757 INTERNATIONAL EXPANSION PROGRAMS 900099 1206891 1206891 AUXILIARY ENTERPRISES 531190 122459 42368 80091 56164113 284267 284267 181129 54077 127052 127052 122504 4548 1272220 1000 808105 0 464115 1000 465115 465115 MISCELLANEOUS FEES 900099 412065 397320 14745 DEFERRED GIVING ARRANGEMENTS 900099 -74567 -74567 337498 62502028 56529279 99384 749382 19929677 19929677 13412 13412 923219 923219 16034306 12864789 2706927 462590 847298 847298 2831835 2093846 590835 147154 1335006 1041203 293803 393490 393490 62425 62425 82253 21649 60604 3115217 2176396 925541 13280 546349 1442 544287 620 2378695 1571976 781720 24999 53181 53181 3088124 2967541 120583 336198 274976 42132 19090 79573 45057 32841 1675 936873 842783 94090 3259175 2931849 327326 405621 405621 MISCELLANEOUS EXPENSES 809683 490974 292887 25822 DUES/MEMBERSHIPS 211335 65188 138499 7648 BAD DEBTS EXPENSE 209293 209293 CREDIT CARD FEES 106733 106733 126763 52922 73841 58115734 47385680 10027176 702878 5375278 6784284 1729966 2808440 1253805 2342210 209452 218031 1280901 1112578 13250 15715 294054 354599 78711291 44297848 34198171 34413443 12798099 13074183 2451220 3099798 59604196 64223281 3216240 3653721 771398 2993032 6891042 6386167 17582026 15792924 4086375 3965105 32547081 32790949 X 9541233 9965789 17515882 21466543 27057115 31432332 59604196 64223281 4386294 -11077 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 14812264 727881 986026 305826 431461 82253 15706631 14696648 322010 746517 426601 464340 61970 14812264 14215637 313656 1042680 603630 208585 63110 14696648 13312585 357551 1351778 553255 194656 58366 14215637 13261050 528312 80272 377153 126478 53418 13312585 0.05090 0.74610 0.20300 1 0 45000 45000 1708100 58188436 31946859 27949677 10987640 9274758 1712882 7782115 3076231 4705884 34413443 CONDITIONAL ASSET RETIREMENT OBLIGATION 1473738 DEFERRED COMPENSATION PLAN LIABILITIES 248545 DEFERRED GIVING OBLIGATIONS 678307 REFUNDABLE GOVERNMENT LOAN FUNDS 1564515 3965105 X 42615351 -11077 54077 43000 42572351 19929677 19929677 62502028 38240134 54077 54077 38186057 19929677 19929677 58115734 PART III, LINE 1A: THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART, SCULPTURES, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS THAT ARE MAINTAINED IN THE COLLEGE LIBRARY'S ART GALLERY AND IN VARIOUS LOCATIONS ACROSS CAMPUS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION AND EDUCATION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM EACH OF THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLEGE HAS NO PLANS TO SELL THESE COLLECTIONS. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS ARE NOT RECORDED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE WORKS OF ART, SCULPTURES AND OTHER ITEMS OF COLLECTIBLE SIGNIFICANCE ARE ON EXHIBITION FOR STUDENTS IN AN EFFORT TO ENHANCE THE STUDENT'S KNOWLEDGE AND APPRECIATION OF ART TO FOSTER PERSONAL AND ACADEMIC DEVELOPMENT WHILE VALUING CULTURE AND DIVERSITY. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS TOTAL ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: INCOME TAXES - THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE COLLEGE'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH ASC 740-10-50, THE COLLEGE RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE COLLEGE IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 54,077. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED STUDENT AID 19,929,677. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 54,077. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED STUDENT AID 19,929,677. 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 POLICY IS POSTED ON EACH PAGE OF THE COLLEGE WEBSITE. STATEMENTS ARE INCLUDED ON PRINT ADVERTISEMENTS AND PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM STATE AND FEDERAL AGENCIES (HEOP, TAP AND TITLE IV) THAT IS PASSED TO THE COLLEGE'S STUDENTS. THE COLLEGE FILES THE APPROPRIATE REPORTS WITH THE FEDERAL AUDIT CLEARINGHOUSE AND THE DEPARTMENT OF EDUCATION. REVENUES AND EXPENSES FROM THIS AID ARE CONSIDERED AGENCY FUNDS AND ARE NOT RECORDED AS REVENUES AND EXPENSES OF THE COLLEGE. 0 EAST ASIA & THE PACIFIC 7 2 PROGRAM SERVICES STUDENT RECRUITING 13412 EAST ASIA & THE PACIFIC 7 2 PROGRAM SERVICES IN-COUNTRY TRAVEL & MEALS 934 14 4 0 0 14 4 14346 0 14346 EAST ASIA & THE PACIFIC STUDENT RECRUITING 13412 WIRE FMV 0 0 0 0 0 0 PART I, LINE 2: AWARDING OF INSTITUTIONAL AID IS DRIVEN BY THE AWARD THE STUDENT RECEIVES UPON ENTRANCE TO KEUKA COLLEGE. COMING IN AS A NEW STUDENT, THE ADMISSIONS AND FINANCIAL AID SCHOLARSHIP COMMITTEE FIRST DETERMINES IF THE STUDENT IS ELIGIBLE FOR MERIT BASED AWARDS. THESE AWARDS ARE BASED ON ACADEMIC AND CO-CURRICULAR ACTIVITIES. EACH STUDENT IS THEN REVIEWED FOR NEED-BASED GRANT FUNDING, CAMPUS BASED AID AND CAMPUS EMPLOYMENT TO DETERMINE ELIGIBILITY. STUDENTS ARE PLACED ON THIS GRID BY USING THE ADMISSION'S SCHOLARSHIP CRITERIA TO DETERMINE THEIR RATING AND THEN THEIR FINANCIAL NEED FACTOR AS DETERMINED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FOR THAT ACADEMIC YEAR. STUDENT AWARDS ARE REVIEWED ON A YEARLY BASIS TO DETERMINE THEIR ELIGIBILITY. TYPICALLY A STUDENT AWARD WILL NOT CHANGE UNLESS FINANCIAL NEED OR ACADEMIC PROGRESS CHANGES. TUITION BASED AWARDS WILL INCREASE/DECREASE WITH THE VALUE OF TUITION EACH YEAR. INSTITUTIONAL AID IS PLACED ON THE STUDENTS ACCOUNT TYPICALLY IN TWO EQUAL DISBURSEMENTS (FALL AND SPRING). THESE DISBURSEMENTS ARE NOT RELEASED UNTIL ALL REQUIRED DOCUMENTATION IS COMPLETE IN THE STUDENT'S FILE. DISBURSEMENTS ARE MADE 10 DAYS PRIOR TO THE START OF CLASSES EACH SEMESTER. INSTITUTIONAL GRANTS ARE AWARDED TO TRADITIONAL UNDERGRADUATE, INTERNATIONAL STUDENTS AND A LIMITED NUMBER OF STUDENTS IN THE GRADUATE AND ACCELERATED STUDY PROGRAM. ;LISTTOTAL 8798 ;LISTTOTAL 12101 PART III ACCOUNTING METHOD: 1 KEUKA GRANTS 1341 19929677 BOOK PART I, LINE 2: AWARDING OF INSTITUTIONAL AID IS DRIVEN BY THE AWARD THE STUDENT RECEIVES UPON ENTRANCE TO KEUKA COLLEGE. COMING IN AS A NEW STUDENT, THE ADMISSIONS AND FINANCIAL AID SCHOLARSHIP COMMITTEE FIRST DETERMINES IF THE STUDENT IS ELIGIBLE FOR MERIT BASED AWARDS. THESE AWARDS ARE BASED ON ACADEMIC AND CO-CURRICULAR ACTIVITIES. EACH STUDENT IS THEN REVIEWED FOR NEED-BASED GRANT FUNDING, CAMPUS BASED AID AND CAMPUS EMPLOYMENT TO DETERMINE ELIGIBILITY. STUDENTS ARE PLACED ON THIS GRID BY USING THE ADMISSION'S SCHOLARSHIP CRITERIA TO DETERMINE THEIR RATING AND THEN THEIR FINANCIAL NEED FACTOR AS DETERMINED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FOR THAT ACADEMIC YEAR. STUDENT AWARDS ARE REVIEWED ON A YEARLY BASIS TO DETERMINE THEIR ELIGIBILITY. TYPICALLY A STUDENT AWARD WILL NOT CHANGE UNLESS FINANCIAL NEED OR ACADEMIC PROGRESS CHANGES. TUITION BASED AWARDS WILL INCREASE/DECREASE WITH THE VALUE OF TUITION EACH YEAR. INSTITUTIONAL AID IS PLACED ON THE STUDENTS ACCOUNT TYPICALLY IN TWO EQUAL DISBURSEMENTS (FALL AND SPRING). THESE DISBURSEMENTS ARE NOT RELEASED UNTIL ALL REQUIRED DOCUMENTATION IS COMPLETE IN THE STUDENT'S FILE. DISBURSEMENTS ARE MADE 10 DAYS PRIOR TO THE START OF CLASSES EACH SEMESTER. INSTITUTIONAL GRANTS ARE AWARDED TO TRADITIONAL UNDERGRADUATE, INTERNATIONAL STUDENTS AND A LIMITED NUMBER OF STUDENTS IN THE GRADUATE AND ACCELERATED STUDY PROGRAM. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 AMY STOREY PRESIDENT 295291 0 0 0 12140 0 21464 0 8005 0 336900 0 0 0 ROBERT BAUMET VP FINANCE & ADMIN 137458 0 0 0 8609 0 5739 0 25139 0 176945 0 0 0 MARK PETRIE VP FOR ENROLLMENT & STUD. 175000 0 0 0 0 0 12687 0 12300 0 199987 0 0 0 BRAD FUSTER PROVOST & VP FOR ACAD AFFAIRS 160696 0 0 0 3679 0 11823 0 7580 0 183778 0 0 0 ANDREA CAMPBELL ASSOCIATE VIP & CIO 132580 0 0 0 0 0 8123 0 9831 0 150534 0 0 0 ELIZABETH RUSSO DIVISION CHAIR OF NURSING 125941 0 0 0 0 0 9649 0 22739 0 158329 0 0 0 PART I, LINE 1A KEUKA COLLEGE PROVIDED THE PRESIDENT A PERSONAL CAR ALLOWANCE OF $7,140 AND MOVING EXPENSES OF $5,000. THESE ITEMS WERE CONSIDERED TAXABLE BENEFITS AND WERE INCLUDED AS WAGE COMPENSATION ON FORM W-2. KEUKA COLLEGE PROVIDED THE VP FOR FINANCE & ADMINISTRATION WITH A HOUSING ALLOWANCE OF $8,609. THIS WAS CONSIDERED A TAXABLE BENEFIT AND WAS INCLUDED AS WAGE COMPENSATION ON FORM W-2. KEUKA COLLEGE PROVIDED THE VP FOR ENROLLMENT & STUDENT DEVELOPMENT WITH A NONTAXABLE HOUSING ALLOWANCE OF $12,300. KEUKA COLLEGE PROVIDED THE PROVOST & VP FOR ACADEMIC AFFAIRS WITH MOVING EXPENSES OF $3,679. THIS WAS CONSIDERED A TAXABLE BENEFIT AND WAS INCLUDED AS WAGE COMPENSATION ON FORM W-2. A YATES COUNTY CAPITAL RESOURCE CORPORATION (YATES COUNTY CRC) 161130714 2010-09-02 10500000 REFUND PRIOR ISSUES AND NEW SPENDING FOR RENOVATIONS AND IMPROVEMENTS 0 0 0 A 4113833 10500000 210000 218480 1339057 8732463 2012 1 0 1 1 A 0 1 1 1 0 0.02300 0.02300 0 0 1 A 0 0 1 0 1 0 0 0 0 A 1 SCHEDULE K, PART I: REFUND PRIOR YEAR ISSUES 1/30/2003, 12/29/2004, 4/29/2007 AND NEW SPENDING FOR RENOVATIONS AND IMPROVEMENTS. JOSEPH BURKE FORMER PRESIDENT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN PREMIUMS X 150000 218031 0 1 1 218031 ALEXIS TELGA STUDENT REPRESENTATIVE AND SCHOLARSHIP RECIPIENT 10000 SCHOLARSHIPS FINANCIAL AID ZACHARY WRIGHT STUDENT REPRESENTATIVE AND SCHOLARSHIP RECIPIENT 17400 SCHOLARSHIPS FINANCIAL AID KACEY WASHINGTON DEPENDENT OF BOARD TRUSTEE 23749 SCHOLARSHIPS FINANCIAL AID ALAN STOREY SPOUSE OF THE PRESIDENT OF THE COLLEGE 25975 EMPLOYEE OF THE COLLEGE 0 TERRANCE SPYCHALSKI FATHER OF THE PRESIDENT OF THE COLLEGE 65400 INDEPENDENT CONTRACTOR AND PART-TIME EMPLOYEE OF THE COLLEGE 0 X 15 346388 FMV AT DATE OF DONATION X 1 1448228 APPRAISAL X 1 30000 FMV X WINE 201 4850 ESTIMATED FAIR MARKE X OSPREY PLATFORM 1 3782 ESTIMATED FAIR MARKE X GIFT CARDS/TICKETS 17 667 ESTIMATED FAIR MARKE X APPLIANCE 1 15 ESTIMATED FAIR MARKE 0 1 1 PART I, LINE 32B: CANANDAIGUA WEALTH STRATEGIES GROUP ACCEPTS AND SELLS STOCK GIFTS GIVEN TO KEUKA COLLEGE THROUGH THEIR DTC SYSTEM. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER VERIFIES THE ACCURACY OF THE 990 IN DETAIL. IT IS THEN REVIEWED IN DETAIL WITH THE ENTIRE AUDIT COMMITTEE. ALL INDIVIDUALS ARE PROVIDED WITH COPIES OF THE FORM 990. IN ADDITION, THE FULL BOARD REVIEWS THE SALARY DISCLOSURES AND ARE PROVIDED WITH A FINAL COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C FOR THE BOARD OF TRUSTEES, WRITTEN CONFLICT OF INTEREST FORMS ARE SUBMITTED ANNUALLY AND REVIEWED BY THE AUDIT COMMITTEE AND THE VP OF FINANCE & ADMINISTRATION. ADDITIONALLY, THE VP OF FINANCE & ADMINISTRATION HAS THE RESPONSIBILITY TO BRING ANY POTENTIAL CONFLICT OF INTEREST THAT MAY BE OUTSIDE OF THE ANNUAL DISCLOSURE FORMS TO THE AUDIT COMMITTEE FOR REVIEW. FOR EMPLOYEES AND STAFF, THE BUSINESS OFFICE, WITH LEADERSHIP BY THE VP OF FINANCE & ADMINISTRATION AND THE SUPPORT OF HUMAN RESOURCES, MONITORS ALL BUSINESS RELATIONSHIPS BETWEEN THE COLLEGE AND EMPLOYEES. IN ADDITION, THE PROVOST ASSISTS IN MONITORING ACADEMIC ACTIVITIES FOR POSSIBLE CONFLICTS OF INTEREST. THE COLLEGE HAS ADOPTED A "WHISTLEBLOWER" POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENTIAL DEVELOPMENT COMMITTEE (PDC) OF THE BOARD EVALUATED THE PRESIDENT BASED ON 6 KEY AREAS THAT THE COMMITTEE AND THE PRESIDENT AGREED UPON. THE PDC THEN RECOMMENDED THE PRESIDENT'S COMPENSATION PLAN ADJUSTMENT TO THE EXECUTIVE COMMITTEE WHO IN-TURN FURTHERED IT TO THE FULL BOARD. THE PRESIDENT ANNUALLY REVIEWS THE PERFORMANCE OF THE VICE PRESIDENTS. ANY SALARY AND COMPENSATION ADJUSTMENTS OF THE VICE PRESIDENTS ARE GRANTED AFTER AN EVALUATION WITH COMPARABLE EXECUTIVE SALARIES OF PEER COLLEGES, WITHIN AN ESTABLISHED RANGE. THE PRESIDENT DETERMINES THE SALARY ADJUSTMENTS AND ANY SALARY ADJUSTMENTS OUTSIDE OF THE COMPARABILITY RANGE MUST BE APPROVED BY THE COMPENSATION AND EXECUTIVE COMMITTEE. ALSO, DURING THE FISCAL YEAR 2009-10, THE COLLEGE LOANED $50,000 TO THE FORMER PRESIDENT OF THE COLLEGE TO COVER THE PREMIUMS ON A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). DURING THE FISCAL YEAR 2010-11, THE COLLEGE LOANED AN ADDITIONAL $100,000 TO THE FORMER PRESIDENT OF THE COLLEGE TO COVER THESE PREMIUMS. UNDER THE TERMS OF THE AGREEMENT, THE COLLEGE WILL RECEIVE THE PRINCIPAL AMOUNT, PLUS INTEREST AFTER THE DEATHS OF BOTH THE FORMER PRESIDENT AND HIS SPOUSE. THE LOAN IS SECURED BY THE INSURANCE POLICY OF THE FORMER PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE BY REQUEST IN THE COLLEGE BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE REVIEW OF THE AUDIT REPORT HAS NOT CHANGED FROM THE PRIOR YEAR.