2020-04-15T14:27:50-05:00 2019-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2018-06-01 160743040 Hobart and William Smith Colleges % Carolee E White HOBA 3157813337 300 Pulteney Street Geneva NY 14456 CAROLEE WHITE CFO 3157813337 2020-04-14 true TODD P TERESCO P00247720 5184274600 2020-04-13 167.68.102.5 14012520201065000038 2020-04-15 P 7B5190DACD7950FB62E11B317DAE60956DD6A6E7 EC4CAE4DABBF2D41825E3CF88D329D8D98EEF318 2018 2021-01-29 14:40:06Z JOYCE JACOBSEN 337 Pulteney Street Geneva NY 14456 234487896 false X www.hws.edu X 1943 NY HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 36 34 2211 4985 297058 14373658 17065242 143888001 147056764 19052637 -1730891 799082 873648 178113378 163264763 57055385 62542735 0 0 61444244 59866628 0 0 4527746 50818342 50179034 169317971 172588397 8795407 -9323634 417824892 408333068 89044107 84307994 328780785 324025074 X HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. false false 150570773 62542735 147561584 The Colleges are located at the shore of Seneca Lake on a 320-acre campus in Geneva, NY, the heart of the Finger Lakes region. HOBART AND WILLIAM SMITH HAVE A COMBINED ENROLLMENT OF APPROXIMATELY 2,061, AND 203 FULL-TIME FACULTY LINES. THIS ALLOWS THE COLLEGES TO MAINTAIN A STUDENT-FACULTY RATIO OF 10:1. MORE THAN 45 MAJORS AND 65 MINORS ARE OFFERED, WHERE A STUDENT CAN OBTAIN A BACHELOR OF ARTS, BACHELOR OF SCIENCE, OR A MASTER OF ARTS IN TEACHING DEGREE. A RICH INTERDISCIPLINARY PROGRAM AND LIMITLESS OPPORTUNITIES FOR SELF-DISCOVERY ARE HALLMARKS OF ACADEMICS AT THE COLLEGES. HOBART AND WILLIAM SMITH ARE ALSO NOTED FOR AN AMBITIOUS EMPHASIS ON INTERNATIONAL STUDY AND FOR PROGRAMS IN COMMUNITY ENGAGEMENT AND SERVICE-LEARNING. APPROXIMATELY 60-PERCENT OF HOBART AND WILLIAM SMITH STUDENTS HAVE THE OPPORTUNITY TO STUDY ABROAD IN NEARLY 50 LOCATIONS AROUND THE WORLD. THE COLLEGES VIEW CIVIC RESPONSIBILITY, COMMUNITY ENGAGEMENT, AND INTERNATIONAL EDUCATION AS INTEGRAL COMPONENTS OF A LIBERAL ARTS EDUCATION. 150570773 true true false true false false false true false true true true false false true true true false true true true false true false false false false true true true true false false false false false false false false true false true true false false false true true false false false true 569 0 true 2211 true true true false false false false true true false false false false false false X 36 34 false false true false false false false true true false false true true true true true true true false false CA NY X Carolee E White 3157813337 337 Pulteney Street Geneva NY 14456 Patrick McGuire Interim President (after 4/18) 50.0 0.0 X X 243231 0 0 Thomas S Bozzuto Chair 5.0 0.0 X X 0 0 0 Garett A Mathieson Treasurer 5.0 0.0 X X 0 0 0 James B Robinson Secretary 5.0 0.0 X X 0 0 0 Cynthia Gelsthorpe Fish Co-Vice Chair 5.0 0.0 X X 0 0 0 Andrew G McMaster Jr Co-Vice Chair 5.0 0.0 X X 0 0 0 Frank Aloise Jr Trustee (Beg. 7/18) 2.0 0.0 X 0 0 0 Linda D Arrington Trustee 2.0 0.0 X 0 0 0 Cassandra Naylor Brooks Trustee 2.0 0.0 X 0 0 0 Calvin R Carver Trustee 2.0 0.0 X 0 0 0 Dr Stephen L Cohen Trustee 2.0 0.0 X 0 0 0 Edward R Cooper Trustee 2.0 0.0 X 0 0 0 Jeremy T Cushman Trustee 2.0 0.0 X 0 0 0 Katherin D Elliott Trustee 2.0 0.0 X 0 0 0 Jane M Erickson Trustee (Beg. 7/18) 2.0 0.0 X 0 0 0 Tyler G Fuller Trustee (Thru 6/18) 2.0 0.0 X 0 0 0 Andrew L Gaines Trustee 2.0 0.0 X 0 0 0 Aileen Diviney Gleason Trustee 2.0 0.0 X 0 0 0 William C Green Trustee 2.0 0.0 X 0 0 0 Gavin R Gross Trustee (Beg. 7/18) 2.0 0.0 X 0 0 0 John J Hogan III Trustee 2.0 0.0 X 0 0 0 Aloysee H Jarmoszuk Trustee 2.0 0.0 X 0 0 0 Caitlin E Lasher Trustee (Beg. 7/18) 2.0 0.0 X 0 0 0 Katherine R MacKinnon Trustee 2.0 0.0 X 0 0 0 William A Margiloff Trustee 2.0 0.0 X 0 0 0 Scott J Mason Trustee 2.0 0.0 X 0 0 0 Herbert J McCooey Jr Trustee 2.0 0.0 X 0 0 0 Gail Herman McGinn Trustee 2.0 0.0 X 0 0 0 Brianna Moore Trustee (Thru 6/18) 2.0 0.0 X 0 0 0 Allison B Morrow Trustee 2.0 0.0 X 0 0 0 Dr Deborah Pilla Trustee 2.0 0.0 X 0 0 0 Thomas Poole TRUSTEE 2.0 0.0 X 0 0 0 Rt Rev Prince G Singh Trustee 2.0 0.0 X 0 0 0 Craig M Stevens Trustee 2.0 0.0 X 0 0 0 Craig R Stine Trustee 2.0 0.0 X 0 0 0 Dr Richard L Wasserman Trustee 2.0 0.0 X 0 0 0 Christopher S WElles Trustee 2.0 0.0 X 0 0 0 William T Whitaker Jr Trustee 2.0 0.0 X 0 0 0 Carolee White VP for Finance & Admin/CFO 50.0 0.0 X 276866 0 36036 Louis Guard VP AND GENERAL COUNSEL 50.0 0.0 X 169867 0 16599 Dewayne Lucas Interim Provost 50.0 0.0 X 158750 0 25945 ROBERT FLOWERS VP OF CAMPUS LIFE 50.0 0.0 X 213407 0 44181 Eugen Baer Former Hobart Dean (Thru 5/18) 50.0 0.0 X 278168 0 12134 Alfred Damiano VP Strategic Initiatives/CIO 50.0 0.0 X 208821 0 65478 Leila Rice Assoc. VP for Advancement 50.0 0.0 X 164090 0 37559 ROBERT O'CONNOR VP Institutional Advancement 50.0 0.0 X 237914 0 40221 Catherine Williams VP of Marketing & Comm. 50.0 0.0 X 166002 0 24249 Greg Vincent Former President (thru 4/18) 50.0 0.0 X 350119 0 76670 ROBERT MURPHY Former VP Enroll. (thru 5/18) 50.0 0.0 X 142269 0 19882 TITILAYO UFOMATA Former Prov./Dean 50.0 0.0 X 116462 0 0 2725966 0 398954 77 true true false Sodexo Inc Affiliates 300 Pulteney St Geneva NY 14456 Plant & Dining 14073269 Clark Companies 41155 State Highway PO Box 427 10 Delhi NY 13753 Construction Svcs 2528719 Pepper Hamilton LLP 3000 Two Logan Square 18th Arch Philadelphia NY 19103 Legal Services 708410 The Pike Company Inc One Circle Street Rochester NY 14607 Construction Svcs 398877 Onondaga Coach Corporation 8659 North Street Road PO Box 277 Auburn NY 13021 Transportation Svcs 324820 18 2378059 14687183 1111758 17065242 Tuition and Fees 611600 120141760 120141760 Residence Halls 721310 13637275 13637275 Dining Services 722320 10377571 10377571 Bookstore 451211 1506996 1506996 Other Program Service Revenue 611600 1393162 1393162 147056764 3499355 -66820 3566175 0 0 7770 2820 4950 0 4950 4950 65990067 71220313 -5230246 -5230246 -5230246 0 0 0 0 0 0 0 0 0 Conferences & Summer Camps 900099 807274 504820 302454 Sport and Rec Center Memberships 713940 61424 61424 868698 163264763 146054588 297058 -152125 218796 218796 59319986 59319986 3003953 3003953 0 1211050 393422 817628 0 212717 162830 0 49887 43356058 35399980 5554117 2401961 3707206 2976724 527500 202982 8066272 6476862 1147754 441656 3313325 2660454 471455 181416 0 572699 572699 294355 294355 0 0 687757 687757 10159256 7428680 2645992 84584 75163 38882 35060 1221 2152623 1374052 524403 254168 1246071 338752 888817 18502 0 12642922 11487133 958290 197499 2103752 1779143 160362 164247 0 1650413 1119875 190110 340428 2111991 1971071 140920 0 7106086 6795463 310623 1172321 11307 1161014 MISC GLOBAL ED 2975656 2975656 MISC BOOKSTORE 1392391 1392391 MISC ATHLETICS 1770280 1770280 MISC LIBRARY 516866 516866 1548432 958215 401022 189195 172588397 150570773 17489878 4527746 0 0 7769817 7879216 4955899 2887327 1452330 1550136 0 0 0 0 1948515 1610145 0 5889 1950844 2261872 304331140 148264486 156578919 156066654 136460029 124362979 106708539 111708850 0 0 0 0 0 0 417824892 408333068 10408878 8337461 192419 227435 5955097 4619046 61538629 59232460 0 0 0 0 1354500 1167000 0 0 9594584 10724592 89044107 84307994 X 123130055 118442414 0 0 205650730 205582660 328780785 324025074 417824892 408333068 X -9323634 5809394 -1241471 X false true X true true true X 12969820 11853753 17503706 14373658 17065242 73766179 0 0 12969820 11853753 17503706 14373658 17065242 73766179 7482974 66283205 3566166 2453801 4055533 3912540 3573945 17561985 565240 272500 379272 358748 0 1575760 0 92903924 703733055 0.71346 0.70870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false LOBBYING ACTIVITY THE COLLEGES DO NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, A PORTION OF THE DUES PAID TO PROFESSIONAL ORGANIZATIONS ARE DESIGNATED FOR LOBBYING BY SUCH PROFESSIONAL ORGANIZATIONS. X X X false 214347520 2535610 3499875 4740502 5608505 343120 209690878 198893217 4203389 22232760 4562068 6639788 -220010 214347520 175006996 3656971 29647633 5045770 4634758 -262145 198893217 199977634 2945915 -9722815 4322255 4625457 9246026 175006996 202413144 2830972 2899627 3540796 4740131 -114818 199977634 0.11000 0.66000 0.23000 false false 3566190 3566190 208117428 79716410 128401018 14758055 7524586 7233469 56126830 44547325 11579505 21762637 16476165 5286472 156066654 CASH AND CASH EQUIVALENTS 14883904 F REAL ESTATE 6710349 F PRIVATE EQUITY 22082952 F HEDGE FUNDS 65948124 F OTHER 2083521 111708850 0 REFUNDABLE ADVANCES FROM GOVER 1836416 ASSET RETIREMENT OBLIGATIONS 2862747 FAIR VALUE OF SWAP AGREEMENT 6025429 10724592 X 104824283 5809394 -63565410 -57756016 162580299 687284 -2820 684464 163264763 109579994 2820 2820 109577174 687284 62323939 63011223 172588397 Schedule D, PART III, LINE 1A HOBART AND WILLIAM SMITH COLLEGES' COLLECTIONS OF ART ARE NOT RECORDED IN THE FINANCIAL STATEMENTS. THEY ARE PROTECTED, PRESERVED AND MAINTAINED FOR PUBLIC EXHIBITION AND EDUCATION PURPOSES. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALE TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. SCHEDULE D, PART III, LINE 4 HOBART AND WILLIAM SMITH COLLEGES' ART COLLECTIONS ARE NOT RECORDED ON THE AUDITED FINANCIAL STATEMENTS. THEY ARE PROTECTED, PRESERVED, AND MAINTAINED FOR PUBLIC EXHIBITION, RESEARCH, AND EDUCATIONAL PURPOSES, FOR BOTH HOBART AND WILLIAM SMITH COLLEGES AND THE BROADER COMMUNITY. THE COLLECTIONS POLICY STATES THAT ANY PROCEEDS FROM THEIR SALE, THROUGH DEACCESSIONING, CAN ONLY BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, IN FOLLOWING THE GUIDELINES OF THE AMERICAN ALLIANCE OF MUSEUMS (AAM) AND THE ACADEMIC ASSOCIATION OF MUSEUMS AND GALLERIES (AAMG). SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE LONG-TERM ASSETS OF THE COLLEGES CREATED EITHER BY DONOR GIFTS OR BY ACTIONS OF THE BOARD OF TRUSTEES. THEIR PURPOSE IS TO GENERATE, IN PERPETUITY, OPERATING REVENUE FOR SPECIFIC ACTIVITIES OR FOR THE USE OF THE COLLEGES. ENDOWMENT FUNDS ARE INVESTED UNDER DIRECTION OF THE BOARD OF TRUSTEES TO ACHIEVE MAXIMUM LONG-TERM TOTAL RETURN WITH PRUDENT CONCERN FOR THE PRESERVATION OF INVESTMENT CAPITAL. PART X, LINE 2 ASC 740 (FIN48) FOOTNOTE: THE COLLEGES ARE A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND ARE GENERALLY EXEMPT FROM INCOME TAX ON RELATED INCOME. THE COLLEGES RECOGNIZE THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE COLLEGES BELIEVE THEY HAVE TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. Part XI, Line 2d FINANCIAL AID $(62,323,939) CHANGE IN FAIR VALUE OF SWAP AGREEMENT $ (1,624,662) OTHER CHANGES, NET $ 383,191 TOTAL $(63,565,410) Part XI, Line 4b RENT EXPENSE $ (2,820) Part XII, Line 2D RENT EXPENSE $ 2,820 Part XII, Line 4b FINANCIAL AID $ 62,323,939 TOTAL $ 62,323,939 true true true true true true true false false false false false false false false true false true Schedule E, LINE 3 HOBART AND WILLIAM SMITH COLLEGES HAVE PUBLICIZED OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR SOLICITATIONS FOR STUDENTS. APPLICANTS ARE RECRUITED THROUGH THE AID OF DIRECT MAIL AND ELECTRONIC DOCUMENTS, GENERAL COLLEGES PUBLICATIONS FREELY ACCESSIBLE TO THE COMMUNITY, ADVERTISEMENTS IN REGIONAL AND GENERAL INTEREST PUBLICATION AND THE COLLEGES' WEBSITE WWW.HWS.EDU. SCHEDULE E, LINE 6 HOBART AND WILLIAM SMITH COLLEGES RECEIVES STATE AND FEDERAL FUNDING IN RELATION TO STUDENT FINANCIAL ASSISTANCE, RESEARCH AND DEVELOPMENT, AND OTHER EDUCATION RELATED FUNCTIONS ALL USED TO FULFILL THE MISSION OF THE COLLEGES. true Sub-Saharan Africa 2 Program Services OFF CAMPUS STUDY 27000 East Asia and the Pacific 1 4 Program Services OFF CAMPUS STUDY 662000 Europe (Including Iceland and Greenland) 1 6 Program Services OFF CAMPUS STUDY 2281000 Middle East and North Africa Program Services OFF CAMPUS STUDY 16000 Russia and the Newly Independent States Program Services OFF CAMPUS STUDY 33000 Central America and the Caribbean Program Services OFF CAMPUS STUDY 12000 South America Program Services OFF CAMPUS STUDY 149000 Central America and the Caribbean 1 Program Services RECRUITING 1700 East Asia and the Pacific 1 Program Services RECRUITING 3400 Europe (Including Iceland and Greenland) 1 Program Services RECRUITING 3600 South Asia 1 Program Services RECRUITING 2000 Central America and the Caribbean Investments 51298000 Europe (Including Iceland and Greenland) Investments 8207000 Central America and the Caribbean 1 Grantmaking SCHOLARSHIPS 10000 East Asia and the Pacific 54 Grantmaking SCHOLARSHIPS 786055 Europe (Including Iceland and Greenland) 151 Grantmaking SCHOLARSHIPS 1924773 Middle East and North Africa 1 Grantmaking SCHOLARSHIPS 12500 Sub-Saharan Africa 2 Grantmaking SCHOLARSHIPS 34143 South America 13 Grantmaking SCHOLARSHIPS 177884 Russia and the Newly Independent States 5 Grantmaking SCHOLARSHIPS 58598 2 223 20 2 243 65429028 270625 65699653 Scholarships/US Citizens studying abroad Central America and the Caribbean 1 10000 Acct. Credit Scholarships/US Citizens studying abroad East Asia and the Pacific 54 786055 Acct. Credit Scholarships/US Citizens studying abroad Europe (Including Iceland and Greenland) 151 1924773 Acct. Credit Scholarships/US Citizens studying abroad Middle East and North Africa 1 12500 Acct. Credit Scholarships/US Citizens studying abroad Sub-Saharan Africa 2 34143 Acct. Credit Scholarships/US Citizens studying abroad South America 13 177884 Acct. Credit Scholarships/US Citizens studying abroad Russia and the Newly Independent States 5 58598 Acct. Credit true false true true true false SCHEDULE F, PART I, LINE 3, COLUMN F EXPENDITURES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. INVESTMENTS ARE REPORTED AT THEIR FAIR MARKET VALUE. Schedule F, PART I, LINE 2 HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. true CITY OF GENEVA FIRE DEPARTMENT 79 GENEVA STREET GENEVA NY 14456 999999999 GOV'T 20000 CONTRIBUTION CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 188796 CONTRIBUTION Geneva Concerts Inc PO Box 709 Geneva NY 14456 161099230 501(C)(3) 10000 CONTRIBUTION 3 Scholarships 1818 59319986 Schedule I, PART I, LINE 2 The colleges provide funding to charitable organizations as well as local governments that support the community in which the colleges operate. The amounts provided are used by the recipient organizations to further their mission and do not require any monitoring. HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. X X X X X true true X X X X true false false false false false false false false Patrick McGuire Interim President (after 4/18) 243231 0 0 0 0 0 0 0 0 0 243231 0 0 Greg Vincent Former President (thru 4/18) 126154 0 0 0 223965 0 5824 0 71124 0 427067 0 0 Carolee White VP for Finance & Admin/CFO 248521 0 0 0 28345 0 25998 0 19520 0 322384 0 0 Louis Guard VP AND GENERAL COUNSEL 162360 0 0 0 7507 0 16599 0 681 0 187147 0 0 ROBERT MURPHY Former VP Enroll. (thru 5/18) 116467 0 0 0 25802 0 11898 0 8366 0 162533 0 0 TITILAYO UFOMATA Former Prov./Dean 113019 0 0 0 3443 0 0 0 0 0 116462 0 0 Dewayne Lucas Interim Provost 158549 0 0 0 201 0 16136 0 10489 0 185375 0 0 ROBERT FLOWERS VP OF CAMPUS LIFE 213137 0 0 0 270 0 21502 0 23480 0 258389 0 0 Eugen Baer Former Hobart Dean (Thru 5/18) 57793 0 0 0 220375 0 5787 0 6602 0 290557 0 0 Alfred Damiano VP Strategic Initiatives/CIO 208047 0 0 0 774 0 21519 0 44761 0 275101 0 0 Leila Rice Assoc. VP for Advancement 163777 0 0 0 313 0 16278 0 21966 0 202334 0 0 ROBERT O'CONNOR VP Institutional Advancement 237500 0 0 0 414 0 24252 0 16797 0 278963 0 0 Catherine Williams VP of Marketing & Comm. 165792 0 0 0 210 0 16640 0 8301 0 190943 0 0 Schedule J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: FORMER PRESIDENT VINCENT WAS PROVIDED FIRST-CLASS TRAVEL FOR MEDICAL REASONS ON CERTAIN BUSINESS TRIPS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: DURING CALENDAR YEAR 2018, FORMER PRESIDENT VINCENT WAS PROVIDED HOUSING AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGES. THE FAIR MARKET VALUE OF THE HOUSING ALLOWANCE IS INCLUDED AS A NON-TAXABLE BENEFIT IN SCHEDULE J, COLUMN (D). PERSONAL SERVICES: PRESIDENT VINCENT RECEIVED PERSONAL SERVICES WITH THE MAJORITY OF THESE SERVICES PROVIDED FOR THE CONVENIENCE OF THE COLLEGES AND INCURRED IN CONNECTION WITH MAINTAINING THE RESIDENCES OWNED BY THE COLLEGE. THE VALUE OF PERSONAL SERVICES PROVIDED IS INCLUDED IN SCHEDULE J, COLUMN (D) AS NONTAXABLE BENEFITS. Schedule J, Part I, Line 4a Former President Gregory Vincent received a severance payment in the amount of $202,399. Hobart Dean Eugen Baer receieved a separation payment in the amount of $201,299. These amounts have been included in the compensation reported on Schedule J, Part II, Column B(iii). A CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) 161266095 372175bt5 2007-12-12 31250000 CAPITAL PROJECTS false false false B CITY OF GENEVA DEV CORP REVENUE (SERIES 2012) 800820946 37217PAQ8 2012-06-28 29942818 REFUNDING OF SERIES 2001 AND 2003 false false false C CITY OF GENEVA DEV CORP REVENUE (SERIES 2014) 800820946 37217PBN4 2014-03-20 15416105 CAPITAL PROJECTS false false false A 7250000 0 31250000 0 0 0 475688 357585 0 29974498 442229 0 2011 false false true true B 6895000 0 29942818 0 0 0 435838 0 0 0 29506980 0 2013 true true true true C 945000 0 15416105 0 0 0 308322 0 0 15000570 107213 0 2016 false false true true A false false true true false 0 0.01896 0.01896 false false false true B false false true true false 0 0.00537 0.00537 false false false true C false false true true false 0 false false false true A false false true false true true RBC CAPITAL MARKETS 30. true false false 0 false true B false false true false false false 0 false 0 false true C false false false true false false 0 false 0 false true A true B true C true PART I, LINE C, COLUMN (C) THE CITY OF GENEVA DEVELOPMENT CORP. REVENUE (SERIES 2014) BOND ISSUE HAS TWO ASSOCIATED CUSIP NUMBERS: 37217PBN4 & 37217PBP9. PART II, LINE 11: OTHER SPENT PROCEEDS Col A - $442,229 NYS bond issuance charge, issuer administrative fee per Form 8038 Col B - $192,204 issuer administrative fee per Form 8038 - $29,314,776 was used to refund prior bond issues Col C - $107,313 issuer administrative fee per Form 8038 PART IV, QUESTION 2B AND 2C Col A - ALL FUNDS IN THE 2007 SERIES MET THE SPEND DOWN EXCEPTION. Col B - ALL FUNDS IN THE 2012 SERIES MET THE SPEND DOWN EXCEPTION. Col C - THE 2014 SERIES REBATE CALCULATION WAS PERFORMED ON 6/24/2016 AND NO REBATE WAS DUE. MICHAEL GUARD SIBLING OF OFFICER 49887 EMPLOYEE AT THE COLLEGES false KATHLEEN FLOWERS SPOUSE OF KEY EMPLOYEE 78341 EMPLOYEE AT THE COLLEGES false SUSAN CUSHMAN SPOUSE OF TRUSTEE 84489 EMPLOYEE AT THE COLLEGES false X 2 36825 FMV X 73 982532 FMV X Equipment 3 13962 FMV X Materials 1 24500 FMV X EVENT SUPPLIES 8 47447 FMV X MISC 9 6492 FMV false true true PART I, LINE 32A HOBART AND WILLIAM SMITH COLLEGES HAVE AN AGREEMENT IN PLACE WITH A SECURITY BROKER TO PROCESS AND SELL STOCK GIFTS AS SOON AS THEY ARE RECEIVED. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF THE COLLEGES WERE AMENDED AND RESTATED EFFECTIVE JUNE 13, 2018 TO REFLECT RESTRUCTURING AND REORGANIZATIONS OF THE TRUSTEE COMMITTEES. Specifically, standing Committees outlined in the by-laws were consolidated resulting in a reduction from ten to eight standing committees. The Academic Affairs Committee and the Student Affairs Committee were combined and renamed the Student Experience Committee. In addition, the Honors Committee and the Institutional Advancement, Capital Resources, and Communication Committee were merged and renamed the Advancement Committee. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY THE COLLEGES' MANAGEMENT IN CONJUNCTION WITH THE EXTERNAL AUDIT AND TAX ADVISORS AND PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM IS REVIEWED AND CORRECTIONS OR CHANGES ARE MADE AS NECESSARY. A FINAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ON A DISCLOSURE STATEMENT. AT THIS TIME A RIGOROUS PROCESS OF REVIEWING THE DISCLOSURES IS UNDERTAKEN BY THE ASSISTANT SECRETARY AND CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE CONFLICTS ARE TIMELY DEALT WITH IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (OMITTING THE PRESIDENT FOR THIS PURPOSE) IS COMPRISED OF MEMBERS WITHOUT A CONFLICT OF INTEREST. THIS COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT. AN ANNUAL PROCESS OF ASSESSING THE PRESIDENT'S PERFORMANCE AND REVIEWING COMPARATIVE COMPENSATION DATA IS PERFORMED IN ORDER TO RECOMMEND COMPENSATION CHANGES. A MOTION TO BE APPROVED BY THE FULL BOARD IS DRAFTED BY THE EXECUTIVE COMMITTEE AFTER THE REVIEW PROCESS. THE DISCUSSIONS OF THE COMMITTEE AND FULL BOARD ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. THE COLLEGES MEET THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 HOBART AND WILLIAM SMITH COLLEGES MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGES' WEBSITE. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP $(1,624,662) OTHER CHANGES, NET 383,191 TOTAL $(1,241,471) CHARITABLE REMAINDER TRUST (2) CRAT NY NA Trust true CHARITABLE REMAINDER UNITRUST (4) CRUT NY NA Trust true POOLED INCOME FUND POOLED INCOME NY NA TRUST true false false false false false false false false false false false false false false false false false false false