2020-05-15T13:05:33-05:00 2019-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-07-01 141338580 Trustees of union college % MICHELE M GIBSON TRUS 5183886104 807 Union street schenectady NY 12308 MICHELE M GIBSON VP ADMIN & FINANCE 5183886104 2020-05-15 true SCOTT THOMPSETT P00741490 2125990100 69.119.147.121 26377520201365000011 2020-05-15 P A87539D75D44546F9E81755E19BD8DC508F41D5E A87539D75D44546F9E81755E19BD8DC508F41D5E 2018 2020-11-06 18:47:13Z DAVID HARRIS 807 Union street schenectady NY 12308 382217643 false X WWW.UNION.EDU X 1795 NY union college develops every student to lead with wisdom, empathy, and courage, in ways large and small, now and across multiple tomorrows. 39 34 2691 21 32933 24674932 16458935 141068663 147360724 22798728 41369256 2919652 4700630 191461975 209889545 47931930 50614405 0 0 77233167 78702123 0 0 6082279 54680171 54448276 179845268 183764804 11616707 26124741 845680588 858695559 212182918 206583366 633497670 652112193 X UNION COLLEGE, CHARTERED BY THE STATE OF NEW YORK IN 1795, IS ONE OF THE NATION'S OLDEST AND MOST DISTINGUISHED LIBERAL ARTS COLLEGES with engineering. CONSISTENTLY RANKED AMONG THE NATION'S TOP COLLEGES, UNION IS A LEADER IN EDUCATING STUDENTS TO BE ENGAGED, INNOVATIVE AND ETHICAL CONTRIBUTORS TO A DIVERSE, GLOBAL AND TECHNOLOGICALLY COMPLEX SOCIETY. FACULTY, STAFF AND ADMINISTRATORS WELCOME DIVERSE AND TALENTED STUDENTS TO THE CAMPUS COMMUNITY, WORK CLOSELY WITH THEM TO PROVIDE A BROAD AND DEEP EDUCATION, AND GUIDE THEM IN FINDING AND CULTIVATING THEIR PASSIONS. THE COLLEGE OFFERS A WIDE RANGE OF DISCIPLINES AND INTERDISCIPLINARY PROGRAMS IN THE LIBERAL ARTS AND ENGINEERING, AS WELL AS ACADEMIC, ATHLETIC, CULTURAL AND SOCIAL ACTIVITIES, INCLUDING OPPORTUNITIES TO STUDY ABROAD AND TO PARTICIPATE IN UNDERGRADUATE RESEARCH AND COMMUNITY SERVICE. false false 165308776 50614405 146903666 THE UNION COLLEGE CURRICULUM EMPHASIZES COLLABORATION WITH STUDENTS AND FACULTY THROUGH SMALL CLASSES AND UNDERGRADUATE RESEARCH, INTERNATIONAL STUDY AND LEARNING THROUGH SERVICE. THROUGH ITS UNIQUE INTERDISCIPLINARY APPROACH TO THE LIBERAL ARTS, UNION COMBINES THE HUMANITIES AND SOCIAL SCIENCES WITH SCIENCE AND ENGINEERING, EMPHASIZING THE PRACTICAL APPLICATION OF IDEAS THROUGH HANDS-ON EXPERIENCE. WITH MORE THAN 40 MAJORS AND 55 MINORS TO CHOOSE FROM, UNION STUDENTS CAN PURSUE DOUBLE MAJORS; COMBINE MAJORS AND MINORS; SELECT INTERDEPARTMENTAL AND MULTIDISCIPLINARY CONCENTRATIONS, AND AREA, ETHNIC AND CULTURAL STUDIES PROGRAMS; OR DESIGN THEIR OWN MAJOR. MOST STUDENTS TAKE THREE COURSES IN EACH OF THE THREE 10-WEEK TERMS THAT COMPRISE UNION'S ACADEMIC CALENDAR SYSTEM. NEARLY EVERY ACADEMIC DEPARTMENT REQUIRES STUDENTS TO COMPLETE SOME FORM OF RESEARCH IN THEIR SUBJECT AREA, AND STUDENTS HAVE OPPORTUNITIES TO WORK ONE-ON-ONE WITH THEIR PROFESSORS. AT STEINMETZ SYMPOSIUM EACH SPRING, SOME 400 STUDENTS PRESENT THE RESULTS OF THEIR RESEARCH, SCHOLARLY AND CREATIVE ACTIVITIES. MANY STUDENTS CO-AUTHOR PUBLICATIONS WITH THEIR PROFESSORS AND PRESENT AT THE NATIONAL CONFERENCE ON UNDERGRADUATE RESEARCH (NCUR). MANY PARTICIPATE IN BUSINESSES, HEALTH CARE, GOVERNMENT AND SOCIAL SERVICE INTERNSHIPS. THE INTERNATIONAL EXPERIENCE IS A HALLMARK OF A UNION EDUCATION, WITH NEARLY 60 PERCENT OF STUDENTS PURSUING STUDIES, RESEARCH, INTERNSHIPS, AND OTHER PROGRAMS ABROAD. ON CAMPUS, OPPORTUNITIES FOR LEADERSHIP, DISCUSSION AND COMMUNITY ABOUND IN THE MINERVA SYSTEM, OFFERING RESIDENTIAL, ACADEMIC AND SOCIAL PROGRAMS. EVERY INCOMING STUDENT IS ASSIGNED TO ONE OF SEVEN MINERVA HOUSES, WHICH ALSO INVOLVE FACULTY AND STAFF. UNION'S BECKER CAREER CENTER HELPS STUDENTS WITH CAREER PLANNING, INTERNSHIPS AND THE GRADUATE SCHOOL AND JOB SEARCH. RECENT TRENDS SHOW THAT ABOUT A THIRD OF GRADUATING SENIORS GO DIRECTLY TO GRADUATE OR PROFESSIONAL SCHOOLS, AND UNION HAS EARNED AN EXCELLENT REPUTATION FOR PLACING GRADUATES IN MEDICAL, LAW AND BUSINESS SCHOOLS. UNION'S MORE THAN 22,000 ALUMNI INCLUDE LEADERS IN ALL FIELDS, INCLUDING ARTS, MEDICINE, SCIENCE, ENGINEERING, MEDIA, ENTERTAINMENT, LAW AND POLITICS. GRADUATES INCLUDE NOBEL PRIZE AND ACADEMY AWARD WINNERS, A NATIONAL BOOK AWARD WINNER AND A MCARTHUR FELLOW, AN OLYMPIC GOLD MEDALIST, SEVEN CABINET SECRETARIES, A SECRETARY OF STATE, 13 GOVERNORS, 200 JUDGES, 90 COLLEGE PRESIDENTS AND THE 21ST PRESIDENT OF THE UNITED STATES. 165308776 true true false true false false false true false true true true false false true true true false true false true false true false true false false true true true true true false false false false false true true true false true true false false false true true true false false true 326 0 true 2691 true true true false false false false true true false false false false false false X 39 34 true false false false false false false true true false false false true true true true true true true false CA X MICHELE M GIBSON 5183886104 807 UNION STREET schenectady NY 12308 David R Harris President (as of 07/2018) 40.0 0.0 X X 383716 0 84940 DAVID HENLE TERM TRUSTEE 1.5 0.0 X 0 0 0 JOHN KELLY III TERM TRUSTEE CHAIRMAN 3.8 0.0 X X 0 0 0 WILLIAM PERLSTEIN TERM TRUSTEE/GENERAL COUNSEL 1.8 0.0 X X 0 0 0 KELLY WILLIAMS TERM TRUSTEE 1.5 0.0 X 0 0 0 Kathryn Stefanik Barry alumni trustee 1.0 0.0 X 0 0 0 BESTY MODEST BRAND ALUMNI TRUSTEE 1.0 0.0 X 0 0 0 DAVID BREAZZANO life TRUSTEE 1.5 0.0 X 0 0 0 Thomas Caulfield term trustee 1.0 0.0 X 0 0 0 STEPHEN J CIESINSKI LIFE TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW COHEN ALUMNI TRUSTEE 1.0 0.0 X 0 0 0 THOMAS COLEMAN TERM TRUSTEE 2.5 0.0 X 0 0 0 THOMAS CONNOLLY TERM TRUSTEE 1.0 0.0 X 0 0 0 ESTELLE COOKE-SAMPSON TERM TRUSTEE 1.0 0.0 X 0 0 0 Rebecca Cortez faculty trustee 40.0 0.0 X 113967 0 83950 GOVERNOR ANDREW M CUOMO EX-OFFICO 0.0 0.0 X 0 0 0 JUDITH DEIN TERM TRUSTEE 1.0 0.0 X 0 0 0 MEGAN FERRY FACULTY TRUSTEE 40.0 0.0 X 104219 0 37828 NEiL M GOLUB LIFE TRUSTEE 1.0 0.0 X 0 0 0 JULIE GREIFER-SWINDLER TERM TRUSTEE 1.5 0.0 X 0 0 0 DENNIS HOFFMAN CHAIR OF PRESIDENT'S COUNCIL 1.0 0.0 X 0 0 0 ARTHUR HOLDEN TERM TRUSTEE 1.5 0.0 X 0 0 0 ROY JACKSON TERM TRUSTEE 1.0 0.0 X 0 0 0 john johnson alumni trustee 1.0 0.0 X 0 0 0 ADRIAN MACLEAN JAY TERM TRUSTEE 1.0 0.0 X 0 0 0 DOUGLASS KARP TERM TRUSTEE 1.5 0.0 X 0 0 0 JENNIFER SCONYERS LAWTON TERM TRUSTEE 1.0 0.0 X 0 0 0 GUY LOGAN TRUSTEE 1.0 0.0 X 0 0 0 JAMES LOREE TERM TRUSTEE 1.0 0.0 X 0 0 0 KATHY MAGLIATO TERM TRUSTEE 1.0 0.0 X 0 0 0 FRANK L MESSA LIFE TRUSTEE 2.0 0.0 X 0 0 0 Robert Moser term trustee 1.0 0.0 X 0 0 0 STANLEY O'BRIEN TERM TRUSTEE/Secretary 1.8 0.0 X X 0 0 0 Ruchi Raval student trustee 1.0 0.0 X 0 0 0 ELLEN SMITH TERM TRUSTEE 1.5 0.0 X 0 0 0 SARAH TAHA STUDENT TRUSTEE 1.0 0.0 X 2328 0 0 Mark Walsh life trustee 1.0 0.0 X 0 0 0 WILLIAM WICKER TERM TRUSTEE 1.0 0.0 X 0 0 0 Robert Bertagna term trustee/ vice chair 2.3 0.0 X X 0 0 0 PENELOPE ADEY REGISTRAR 40.0 0.0 X 93471 0 18113 DIANE BLAKE ret 0719 VP ADMINISTRATION & FINANCE 40.0 0.0 X 148279 0 20530 DARCY CZAJKA CHIEF OF STAFF 40.0 0.0 X 136502 0 15825 STROM THACKER VP ACADEMIC AFFAIRS/DEAN FACUL 40.0 0.0 X 239642 0 46012 Bobbi Nelson Assistant Secretary to the BOT 40.0 0.0 X 83338 0 18080 marybeth kabalian Interim VP Admin (7/18-1/19) 40.0 0.0 X 182477 0 53631 michele m gibson as of 119 vp of admin and finance 40.0 0.0 X 0 0 0 TERRI CERVENY VP FOR COLLEGE RELATIONS 40.0 0.0 X 241499 0 122530 MATTHEW MALATESTA VP FOR ADMISSIONS, FA & ENROLL 40.0 0.0 X 208079 0 41897 ELLEN YU CHIEF INFORMATIONAL OFFICER 40.0 0.0 X 184986 0 31308 STEPHEN AINLAY past president/faculty 40.0 0.0 X 733766 0 90039 ERIC BENNETT MEN'S HOCKEY COACH 40.0 0.0 X 211270 0 78189 SCOTT RAVA SR. PHIL. ADV. & Campaign DIR. 40.0 0.0 X 173600 0 65708 James Mclaughin DIRECTOR OF ATHLET 40.0 0.0 X 182012 0 39737 Ashraf Ghaly Prof Philosophy 40.0 0.0 X 184503 0 34756 THERESE MCCARTY FORMER OFFICER 40.0 0.0 X 164812 0 32152 3772466 0 915225 129 true true false TURNER CONSTRUCTION COMPANY 1 COMPUTER DRIVE SOUTH ALBANY NY 12205 CONSTRUCTION 37133934 EINHORN YAFFEE PRESCOTT 201 FULLER ROAD ALBANY NY 12203 ARCHITECT 761397 JACKSON DEMOLITION SERVICE INC 2745 AQUEDUCT ROAD NISKAYUNA NY 12309 CONSTRUCTION 601218 HIGGINS ROBERTS Beyerl CO 1430 BALLTOWN ROAD SCHENECTADY NY 12309 LEGAL 406094 American Dining Corp 124 Metropolitan Park Dr SYRACUSE NY 13088 culinary services 568469 24 118424 2515289 13825222 3883976 16458935 TUITION & FEES 611710 119564502 119564502 AUXILIARY ENTERPRISE 713990 27339164 27339164 ATHLETICS 713990 413067 413067 BOOKSTORE 611710 18000 18000 AUXILIARY ICE RINK 713990 25991 25991 147360724 7191586 7191586 0 0 124277 124277 0 124277 124277 204258926 170081256 34177670 34177670 34177670 33873 118424 55026 -21153 -21153 0 0 0 3095994 2191816 904178 904178 INSURANCE AND OTHER REIMBURSEMENTS 900099 1399805 1399805 CONFERENCES 900099 440957 440957 ATHLETIC SPONSORSHIP AGREEMENT 900099 6942 6942 1845624 1845624 3693328 209889545 146903666 32933 46494011 53010 53010 50517545 50517545 43850 43850 0 3007841 1151120 1543872 312849 1106332 1106332 54965179 49637054 2526991 2801134 4673502 4087408 277969 308125 10920603 9559532 585080 775991 4028666 3507585 288262 232819 1452934 1452934 415221 4810 410411 224422 224422 692 692 0 3115730 125730 2990000 2562216 1874952 324493 362771 431308 260044 100972 70292 8536186 7560157 488111 487918 3674651 3416441 169581 88629 0 6064382 5310323 630707 123352 2857785 2507184 171110 179491 0 2705726 2200374 178518 326834 4541083 4534746 6337 0 10096346 10096346 1176566 180771 995795 TERMS ABROAD 2691967 2691967 DUES AND MEMBERSHIPS 331635 229577 91501 10557 STIPENDS & HONORARIUM 184671 165214 19457 OTHER EXPENSES 3384755 3033770 350160 825 183764804 165308776 12373749 6082279 55610 18843 42251499 43288820 46758183 39020546 4589356 5386920 0 0 0 0 6118701 6165845 963256 1023517 1111677 1069036 518932820 263921953 229662255 255010867 106456633 148600139 367410852 335979228 0 0 0 0 40302566 23131798 845680588 858695559 22361630 19659301 0 0 2076727 2087492 94540277 93009330 0 0 0 0 76112579 75092892 0 0 17091705 16734351 212182918 206583366 X 231527795 244344308 228979955 227872773 172989920 179895112 633497670 652112193 845680588 858695559 X 26124741 -6709838 -800380 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 922 922 false PART II-B - DESCRIPTION OF LOBBYING ACTIVITY THE COLLEGE IS A MEMBER OF NACUBO AND PAYS ANNUAL DUES TO RETAIN THAT MEMBERSHIP. $922 OF ITS ANNUAL MEMBERSHIP DUES WAS DEEMED TO BE NON-DEDUCTIBLE AS LOBBYING EXPENDITURES AND HAS BEEN INCLUDED ON SCHEDULE C, PART II-B, LINE 1(I). 45000 19400000 X X X X EDUCATIONAL false 456527586 8554451 38302861 5677347 16798435 10600000 470309116 427586553 4500706 57144453 5436858 18167268 9100000 456527586 389226052 4662783 56624928 5273607 10727603 6926000 427586553 441009071 6441875 -33656371 4776487 14194036 5598000 389226052 415844050 12456645 40902738 4356901 15852461 7985000 441009071 0.29000 0.34000 0.37000 true false 101 101 167907643 90691079 77216564 126683965 47319761 79364204 102080976 88532643 13548333 122260135 37378470 84881665 255010867 DISTRESSED DEBT 22381241 F DOMESTIC EQUITY 59377190 F REAL ASSETS 25189228 F PRIVATE EQUITY 54536954 F MULTI STRATEGY 27096072 F HEDGED EQUITY 61339981 F EMERGING MARKETS 35939352 F INTERNATIONAL EQUITY 48487768 F MORTGAGES AND OTHER 1631442 F 335979228 0 ACCRUED POSTRETIREMENT BENEFITS 9785158 ASSET RETIREMENT OBLIGATIONS 729040 FEDERAL STUDENT LOAN FUNDS 1965151 POOLED INCOME & CHAR. GIFT PAYABLE 4255002 16734351 X 151912062 -6709838 48084 -6661754 158573816 2990000 48325729 51315729 209889545 132504101 2246842 2246842 130257259 2990000 50517545 53507545 183764804 PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. THE COLLEGE'S COLLECTIONS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. ALL PROCEEDS RESULTING FROM THE DEACCESSION OF OBJECTS FROM THE PERMANENT COLLECTION ARE ALLOCATED FOR THE BENEFIT OF THE COLLECTIONS. DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, NO OBJECTS WERE DEACCESSIONED. PART III, LINE 4 - DESCRIPTION OF ORGANIZATION COLLECTIONS & HOW IT FURTHERS EXEMPT PURPOSE THE COLLEGE'S COLLECTIONS ARE MADE UP OF APPROXIMATELY 19,000 OBJECTS AND THEIR ESTIMATED FAIR VALUE IS APPROXIMATELY $19,400,000. THE COLLEGE'S POLICY IS NOT TO CAPITALIZE ITS COLLECTIONS. THE COLLEGE'S COLLECTIONS COMPRISE OF PAINTINGS AND PORTRAITS, FURNITURE, WORKS ON PAPER, SCIENTIFIC INSTRUMENTATION AND OTHER OBJECTS. PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND The college's endowment funds are intended TO BE USED FOR PROGRAMS AND OTHER EDUCATIONAL PURPOSES IN ACCORDANCE WITH DONOR INTENTIONS FOR THE USE OF THE FUNDS. PART X - FIN 48 FOOTNOTE THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAX ON RELATED INCOME. THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE RELEVANT TAX AUTHORITY. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2d OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 ATHLETIC FUNDRAISING EXPENSES $ 55,026 ATHLETIC SPONSORSHIP AGREEMENT $ (6,942) --------------- TOTAL $ 48,084 PART XI, LINE 4B OTHER REVENUE INCLUDED ON FORM 990 BUT NOT IN Audited F/S RE-CLASS OF SCHOLARSHIP EXPENSES $ 50,517,545 COSTS OF GOODS SOLD $ (2,191,816) --------------- TOTAL $ 48,325,729 PART XII, LINE 2D OTHER EXPENSES INCLUDED IN AUDITED F/S BUT NOT ON FORM 990 FUNDRAISING EXPENSE $ 55,026 COST OF GOOD SOLD $ 2,191,816 ---------------- TOTAL $ 2,246,842 PART XII, LINE 4B OTHER EXPENSES INCLUDED ON FORM 990 BUT NOT IN AUDITED F/S RE-CLASS OF SCHOLARSHIP EXPENSE $ 50,517,545 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 - RACIALLY NONDISCRIMINATORY POLICY PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED THROUGH AREA NEWSPAPER IN STUDENT HANDBOOKS AND ON THE COLLEGE'S WEBSITE. UNION COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS. THIS POLICY EXTENDS TO THE ADMINISTRATION OF THEIR EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. SCHEDULE E, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCY THE ORGANIZATION HAS RECEIVED THE FOLLOWING FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY: 1. FEDERAL CAMPUS-BASED AID, WHICH INCLUDES FEDERAL WORK-STUDY AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FROM THE U.S. DEPARTMENT OF EDUCATION. 2. NSF-STEM SCHOLARSHIPS WHICH ARE FUNDED BY THE FEDERAL GOVERNMENT. 3. TAP AWARDS, NYS MERIT SCHOLARSHIPS, TUITION/MAINTENANCE GRANTS RECEIVED FROM NYS FOR THE HEOP PROGRAM, NYS AIM SCHOLARSHIP, NYS VETERAN'S SCHOLARSHIP, NYS FOSTER INITIATIVE, NYS STEM INCENTIVE PROGRAM, NYS WORLD TRADE SCHOLARSHIP AND BUNDY AID. 4. ROTC-FEDERAL FUNDING WHICH COVERS A PORTION OF EDUCATIONAL EXPENSES FOR THE RECIPIENTS. true Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 1607351 Sub-Saharan Africa Program Services STUDY ABROAD 114663 East Asia and the Pacific Program Services STUDY ABROAD 594682 South America Program Services STUDY ABROAD 217529 South Asia Program Services STUDY ABROAD 126541 North America Program Services STUDY ABROAD 28327 Central America and the Caribbean Investments 185021769 Europe (Including Iceland and Greenland) Program Services EDUCATIONAL ACTIVITY 34752 Europe (Including Iceland and Greenland) Program Services RESEARCH 17976 North America Program Services RECRUITING/ATHLETICS 27715 North America Program Services EDUCATIONAL ACTIVITY 5845 East Asia and the Pacific Program Services CONFERENCE 604 Central America and the Caribbean Program Services ADMISSIONS RECRUITING 73 South Asia Program Services RESEARCH 123 North America Program Services CONFERENCE 9714 South America Program Services RESEARCH 1399 East Asia and the Pacific Program Services ADMISSIONS RECRUITING 14519 Europe (Including Iceland and Greenland) Program Services CONFERENCE 19294 South Asia Program Services EDUCATIONAL ACTIVITY 211 Europe (Including Iceland and Greenland) Investments 1767746 North America Program Services RESEARCH 295 East Asia and the Pacific Program Services EDUCATIONAL ACTIVITY 2748 Middle East and North Africa Program Services STUDY ABROAD 91429 Europe (Including Iceland and Greenland) Program Services ADMISSIONS RECRUITING 1761 Europe (Including Iceland and Greenland) Program Services ATHLETIC PROGRAM 17985 Middle East and North Africa Program Services ADMISSIONS RECRUITING 1133 North America Program Services ADMISSIONS RECRUITING 1062 South Asia Program Services ADMISSIONS RECRUITING 1562 East Asia and the Pacific Grantmaking 8000 Europe (Including Iceland and Greenland) Grantmaking 25450 South America Grantmaking 7500 South Asia Grantmaking 2900 187823582 1949076 189772658 scholarship East Asia and the Pacific 5 8000 student acc. scholarship Europe (Including Iceland and Greenland) 17 25450 student acc. scholarship South America 4 7500 student acc. scholarship South Asia 2 2900 student acc. true false true true true false PART I, LINE 2 - EXPLANATION FOR MONITORING USE OF FUNDS OUTSIDE U.S. TERMS ABROAD SCHOLARSHIPS ARE AWARDED BY UNION'S TERMS ABROAD OFFICE TO STUDENTS SCHEDULED TO STUDY ABROAD BASED ON FINANCIAL NEED AND CRITERIA ESTABLISHED BY THE DONOR. THE STUDENT RECEIVING THE AWARD UNDERSTANDS THAT THE FUNDS MUST BE RETURNED TO UNION IF THE STUDENT DOES NOT TRAVEL ABROAD. THE AWARD IS GENERALLY USED FOR THE STUDENT'S TRAVEL EXPENSES, WHICH ARE NOT COVERED BY UNION COLLEGE. UPON HIS/HER RETURN, THE STUDENT IS URGED TO WRITE A PERSONAL NOTE OF THANKS TO THE DONOR DESCRIBING THEIR TERMS ABROAD EXPERIENCE. PART IV, FOREIGN FORMS THE COLLEGE INVESTS IN DOMESTIC AND FOREIGN INVESTMENT VEHICLES THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. GARNET BLADES 73245 61820 11425 4889 13215 2369 GRIDIRON GOLF 43758 31330 12428 6611 5242 4511 2 35294 25274 10020 13523 949 3717 152297 118424 33873 4889 33349 6191 10597 55026 -21153 true Alumni Council of Union College 807 Union Street Schenectady NY 12308 146019466 501(C)(3) 53010 To cover expenses 1 Higher Education Opportunity Program 76 477034 Union College General Scholarships 1733 40614580 Endowed Scholarships 643 5662885 Annual Restricted Scholarships 85 1542784 Work Study 862 1278289 Supplemental Educational Opp. Grant 286 325951 Supporting Scholars in Sci. & Eng 21 146500 ROTC Scholarship 8 444522 TERM ABROAD 25 25000 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S. ALL GRANTS AWARDED ARE BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE DOES NOT FURTHER MONITOR THE USAGE OF SCHOLARSHIP FUNDS AS THESE AMOUNTS ARE CREDITED DIRECTLY AGAINST STUDENTS TUITION ACCOUNT AND THERE IS NO OPPORTUNITY FOR THE STUDENT TO DIVERT THESE FUNDS TO NON-EDUCATIONAL USES. X X X false true X X X false true false false false false false false false David R Harris President (as of 07/2018) 347954 0 0 0 35762 0 38775 0 46165 0 468656 0 0 0 STEPHEN AINLAY past president/faculty 361679 0 300000 0 72087 0 59634 0 30405 0 823805 0 65942 0 DIANE BLAKE ret 0719 VP ADMINISTRATION & FINANCE 147421 0 0 0 858 0 16363 0 4167 0 168809 0 0 0 DARCY CZAJKA CHIEF OF STAFF 136400 0 0 0 102 0 15554 0 271 0 152327 0 0 0 STROM THACKER VP ACADEMIC AFFAIRS/DEAN FACUL 239104 0 0 0 538 0 27197 0 18815 0 285654 0 0 0 Rebecca Cortez faculty trustee 113793 0 0 0 174 0 12600 0 71350 0 197917 0 0 0 TERRI CERVENY VP FOR COLLEGE RELATIONS 234739 0 0 0 6760 0 26776 0 95754 0 364029 0 0 0 MATTHEW MALATESTA VP FOR ADMISSIONS, FA & ENROLL 201553 0 0 0 6526 0 23157 0 18740 0 249976 0 0 0 ELLEN YU CHIEF INFORMATIONAL OFFICER 184601 0 0 0 385 0 21021 0 10287 0 216294 0 0 0 ERIC BENNETT MEN'S HOCKEY COACH 210820 0 0 0 450 0 24090 0 54099 0 289459 0 0 0 SCOTT RAVA SR. PHIL. ADV. & Campaign DIR. 173465 0 0 0 135 0 18063 0 47645 0 239308 0 0 0 James Mclaughin DIRECTOR OF ATHLET 180874 0 0 0 1138 0 21043 0 18694 0 221749 0 0 0 THERESE MCCARTY FORMER OFFICER 163923 0 0 0 889 0 18084 0 14068 0 196964 0 0 0 marybeth kabalian Interim VP Admin (7/18-1/19) 182317 0 0 0 160 0 21316 0 32315 0 236108 0 0 0 Ashraf Ghaly Prof Philosophy 184000 0 0 0 503 0 16395 0 18361 0 219259 0 0 0 PART 1, LINE 1A - RELEVANT INFORMATION REGARDING COMPENSATION BENEFITS LINE 1-HOUSING ALLOWANCE Only the President, David Harris, Former President, Stephen Ainlay, and the Vice President for College Relations, Terri Cerveny, are required to be disclosed on Schedule J. We have estimated the value of housing to be approximately $2,000 per month for each individual. The value of the employer provided housing provided to these individuals is deemed to be NON-TAXABLE AND NOT INCLUDED IN THEIR FORM W-2 AS RESIDENCE ON CAMPUS IS A NECESSARY CONDITION OF THEIR EMPLOYMENT. LINE 1-HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES AS PART OF PRESIDENT DAVID HARRIS'S and former president stephen ainlay's EMPLOyMENT CONTRACT, THE COLLEGE PAYS FOR TWO CLUB MEMBERSHIPS; THE FIRST IS TO THE MOHAWK GOLF CLUB IN SCHENECTADY AND THE OTHER MEMBERSHIP IS TO THE UNIVERSITY CLUB IN NEW YORK CITY. Both the President and the Former President utilize the social clubs for business purposes; to the extent THERE MAY BE ANY PERSONAL USE, THE COLLEGE WILL REVIEW THAT USAGE AND TAX THE PRESIDENT ACCORDINGLY. LINE I-PERSONAL SERVICES THERE ARE CERTAIN SERVICES THE COLLEGE PROVIDES TO MAINTAIN THE PRESIDENT'S and former president's RESIDENCE INCLUDING GARDENING AND HOUSEKEEPING AS PART OF PRESIDENT DAVID HARRIS'S and former president stephen Ainlay's EMPLOYMENT CONTrACTs. THE EXPENSES HAVE BEEN INCLUDED IN THE ABOVE-MENTIONED HOUSING ALLOWANCE. PART I, LINE 4 - SUPPLEMENTAL RETIREMENT current President, DAVID HARRIS, participateS in the Colleges Section 457(f) Nonqualified supplemental retirement plan which is subject to a substantial risk of forfeiture. Former President, Stephen Ainlay, received a payout of his vested Section 457(f) plan in the amount of $65,942. This amount is reported both in column (b)(iii) and column (f) to reflect that the $65,942 was reported on previous forms 990 as deferred compensation in column (c). A SCHENECTADY COUNTY CAP RE 273478847 806418AT6 2012-04-26 24263434 refinance portion series 2001 true false false B Schenectady County Cap Re 273478847 806418BC2 2017-04-20 74702514 refinance, S&E Construction false false false A 3661735 24287175 24263434 0 0 0 534426 0 0 23729008 0 0 2005 true false false true B 1991729 0 74702514 0 0 0 1027950 0 0 0 15482889 0 2020 true false false true A false false false false 0 0.01820 0.01820 false false false true B false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 true true A true B true SCHEDULE K, PART VI, SUPPLEMENTAL INFORMATION BOND ISSUE 2012. UNION COLLEGE RECEIVED $24,263,434 IN PROCEEDS FROM THE SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION CIVIC TAX-EXEMPT REVENUE BONDS (UNION COLLEGE REFUNDING PROJECT), SERIES 2012A. THESE PROCEEDS WERE USED TO REFINANCE THE 2003 ISSUE AND THE REMAINING OUTSTANDING PORTION OF THE 2001 ISSUE. INITIALLY, PROCEEDS FROM THE 2003 PORTION OF THE REFUNDING WERE PLACED INTO AN ESCROW ACCOUNT. PROCEEDS WOULD REMAIN IN THE ESCROW ACCOUNT UNTIL THE BONDS COULD BE CALLED IN 2013. AS OF JUNE 30, 2019, THE 2003 DEBT HAD BEEN PAID OFF. THE CALL DATE WAS JULY 1, 2013. IN APRIL 2017, THE COLLEGE BORROWED $74,702,514 THROUGH THE SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION, UTILIZING A TAX-EXEMPT REVENUE BOND. A PORTION OF THE PROCEEDS WERE USED TO REFUND THE SERIES 2010 BONDS AND THE REMAINING AMOUNT OF THE DEBT PROCEEDS WILL BE USED TOWARDS THE RENOVATION/CONSTRUCTION OF THE SCIENCE AND ENGINEERING CENTER. SCHEDULE K, PART III, LINE 4,5,6 BOND ISSUE 2012. TO CALCULATE THE PERCENTAGE ON LINES 4, 5 AND 6, THE TOTAL PROCEEDS WAS USED (INCLUDES THE 2003 AND A PORTION OF THE 2001 REFUNDED BONDS). Schedule K, Part IV, Line 2(c) The College commissioned an arbitrage rebate calculation on its Series 2012A Refunding Revenue Bond in May of 2018. The report concluded that no rebate was due. 2 88004 scholarship tuition discount Scott Montgomery SEE PART V 58081 Employee false MARGARET AMODEO SEE PART V 43741 EMPLOYEE false HANS FRIEDRICH MUELLER SEE PART V 195919 FORMER FACULTY TRUSTEE false John Spinelli SEE PART V 162854 FORMER FACULTY TRUSTEE false SCHEDULE L, PART IV - INTERESTED PERSONS former VICE PRESIDENT OF FINANCE AND ADMINISTRATION DIANE BLAKE'S BROTHER-IN-LAW, SCOTT MONTGOMERY, IS AN EMPLOYEE OF THE COLLEGE. AMOUNTS REPORTED ON SCHEDULE L REPRESENT COMPENSATION AND BENEFITS RECEIVED BY MR. MONTGOMERY ON A FISCAL YEAR BASIS. CHAIR OF the BOARD OF TRUSTEES JOHN KELLY'S SISTER, MARGARET AMODEO IS AN EMPLOYEE OF THE COLLEGE. AMOUNTS REPORTED ON SCHEDULE L REPRESENT COMPENSATION AND BENEFITS RECEIVED BY MS. AMODEO ON A FISCAL YEAR BASIS. Former Board of Trustees Members, Hans Friedrich Mueller and John Spinelli are current faculty members at Union College; the amounts reported on Schedule L represent the compensation and benefits received by virtue of their employment relationship. X 1 45000 Expert Opinion X 88 3808319 Market Value X Miscellaneous 38 30657 cost false true false LINE 32A, THIRD PARTIES TO THE EXTENT THAT THE COLLEGE RECEIVES NON-CASH CONTRIBUTIONS OF SECURITIES, ITS INVESTMENT MANAGER/BROKER IS TASKED WITH SELLING THOSE SECURITIES ON THE COLLEGE'S BEHALF. FORM 990, PART VI, LINE 2 -BUSINESS OR FAMILY RELATIONSHIPS OF DIRECTORS, ETC. 1. KATHY MAGLIATO, NEIL GOLUB AND WILLIAM WICKER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS THE ORGANIZATION'S FORM 990 IS PREPARED IN CONJUNCTION WITH A NATIONALLY RECOGNIZED ACCOUNTING FIRM. UPON COMPLETION, THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND A DETAILED WALKTHROUGH OF ITS CONTENTS IS PROVIDED AT THE AUDIT COMMITTEE'S MEETING. PRIOR TO ELECTRONIC SUBMISSION OF THE 990 TO THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE CHAIR PROVIDES AN OVERVIEW OF THE REVIEW TO THE FULL BOARD OF TRUSTEES. IN ADDITION, A COPY OF THIS FORM 990 IS AVAILABLE FOR REVIEW IN THE COLLEGE'S FINANCE OFFICE. FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS THE TRUSTEES OF UNION COLLEGE HAVE A WRITTEN CONFLICT OF INTEREST POLICY, WHICH REQUIRES OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. QUESTIONNAIRES ARE SENT ANNUALLY TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY. THE RESPONSES TO THE QUESTIONNAIRES ARE REVIEWED BY BOTH THE PRESIDENT'S OFFICE AND FINANCE FOR POTENTIAL CONFLICTS OF INTEREST THAT REQUIRE DISCLOSURE. IF A CONFLICT OF INTEREST IS NOTED, A BOARD MEMBER WOULD HAVE TO RECUSE HIMSELF FROM VOTING, IF SO REQUIRED. 990, PART VI, LINE 15A - COMPENSATION REVIEW & APPROVAL PROCESS - PRESIDENT THE COLLEGE UNDERTAKES A THOROUGH AND RIGOROUS PROCESS TO DETERMINE THE PRESIDENT'S COMPENSATION. THE COLLEGE HAS ESTABLISHED AN EXECUTIVE COMPENSATION COMMITTEE THAT ACTS AS A COMMITTEE OF THE BOARD. THE EXECUTIVE COMPENSATION COMMITTEE IS COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY, AND GENERAL COUNSEL OF THE BOARD OF TRUSTEES. THE CHAIR OF THE BOARD SERVES AS THE CHAIR OF THE COMMITTEE. THE COMMITTEE ACTS AS THE AUTHORIZED BODY UNDER TREASURY REG. 53.4958-6, RESPONSIBLE FOR APPROVING THE COMPENSATION ARRANGEMENTS OF THE PRESIDENT. THE COMMITTEE WILL: A.REVIEW GOALS FOR THE UPCOMING YEAR AND ACCOMPLISHMENTS FOR THE YEAR JUST ENDED. B.OBTAIN APPROPRIATE ANALYSIS AND STUDIES FOR USE IN EVALUATING THE COMPENSATION OF THE PRESIDENT. C.DOCUMENT ITS DELIBERATIONS AND DECISION ESTABLISHING THE PRESIDENT'S COMPENSATION. D.REPORT TO THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY ITS FINDINGS AND ACTIONS. FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES THE COLLEGE UNDERTAKES A SIMILARLY DETAILED PROCESS TO DETERMINE THE COMPENSATION OF THE COLLEGE'S OFFICERS AND KEY EMPLOYEES (AS REPORTED ON PART VII OF THE FORM 990): A.THE COMPENSATION COMMITTEE OBTAINS APPROPRIATE ANALYSIS AND STUDIES FROM THE ADMINISTRATION TO USE AS AN AID IN EVALUATING THE COMPENSATION RECOMMENDATIONS OF THE PRESIDENT FOR THESE EMPLOYEES. B.THE COMPENSATION COMMITTEE DELIBERATES ON, AND APPROVES, ALL COMPENSATION AT A MEETING AND THE DECISIONS ARE DOCUMENTED IN COMMITTEE MINUTES. The College reviews all officer and key employee compensation on an annual basis; a formal compensation study was last conducted in 2018 upon the hiring of the new President. FORM 990, PART VI, LINE 19 - AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE TRUSTEES OF UNION COLLEGE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE COLLEGE'S WEBSITE WWW.UNION.EDU. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES ACTUARIAL ADJUSTMENT $ 83,174 ATHLETIC SPONSORSHIP AGREEMENT $ (6,942) Below-the-line Adjustments $ (876,612) -------------- TOTAL $ (800,380) ALUMNI COUNCIL OF UNION COLLEGE INC 807 UNION ST ABBE HALL SCHENECTADY NY 12308 146019466 Fundraising NY 501(C)(3) 12C NA true CHARITABLE REMAIN UNITRUST (10) INVESTING UNION COLLEGE crut 0 0 0.00000 false INCOME BENEFICIARY TR(3) INVESTING UNION COLLEGE TRUST 0 0 0.00000 false false true false false false false false false false false false false false true true false true true false ALUMNI COUNCIL OF UNION COLLEGE b 53010 FMV PART IV, LINE 3 THE 10 CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 2-NY 1-NJ 2-CT 1-FL 1-MO 2-CA 1-PA PART IV, LINE 4 THE 3 INCOME BENEFICIARY TRUSTS LISTED ON LINE 4 PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 2-NY 1-NJ