2019-05-10T17:31:33-05:00 2018-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-07-01 141338580 Trustees of union college % MICHELE M GIBSON TRUS 5183886104 807 Union street schenectady NY 12308 MICHELE M GIBSON VP ADMIN & FINANCE 5183886104 2019-05-10 true Scott Thompsett P00741490 2125990100 209.220.136.124 26377520191305000021 2019-05-10 P 32778C9288487CCB557400271BF2B2D8D9E2E3C7 A87539D75D44546F9E81755E19BD8DC508F41D5E 2017 2019-02-21 02:37:17Z DAVID HARRIS 807 Union street schenectady NY 12308 422095019 false X WWW.UNION.EDU X 1795 NY WE ARE A SCHOLARLY COMMUNITY DEDICATED TO SHAPING THE FUTURE & TO UNDERSTANDING THE PAST. WE WELCOME DIVERSE AND TALENTED STUDENTS AND PROVIDE THEM A BROAD & DEEP EDUCATION. 40 36 2681 21 311695 43627311 24674932 134876869 141068663 31324386 22798728 4356001 2919652 214184567 191461975 44898909 47931930 0 0 80611089 77233167 0 0 6074104 51992766 54680171 177502764 179845268 36681803 11616707 800914252 845680588 208916417 212182918 591997835 633497670 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. 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 161844728 47931930 140628405 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. 161844728 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 false false false false true true true false false true 304 0 true 2681 true true true false false false false true true false false false false X 40 36 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 STEPHEN AINLAY PRESIDENT 40.0 0.0 X X 850054 0 102039 DAVID HENLE TERM TRUSTEE/VICE CHAIRMAN 3.3 0.0 X 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 SECRETARY 2.3 0.0 X X 0 0 0 SUSANNA RYAN BERGER ALUMNI TRUSTEE 1.0 0.0 X 0 0 0 BESTY MODEST BRAND ALUMNI TRUSTEE 1.0 0.0 X 0 0 0 DAVID BREAZZANNO TERM TRUSTEE 1.5 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 1.0 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 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 95255 0 34220 NELL M GOLUB LIFE TRUSTEE 1.0 0.0 X 0 0 0 JULIE GREIFER-SWINDLER TERM TRUSTEE 1.0 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 1.0 0.0 X 0 0 0 ROY JACKSON TERM 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 SCOTT KIRKTON FACULTY TRUSTEE 40.0 0.0 X 87259 0 27144 JENNIFER SCONYERS LAWTON TERM TRUSTEE 1.0 0.0 X 0 0 0 JAMES LIPPMAN TERM TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL LIPMAN STUDENT 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 DAVID MIXER TERM TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL NEWELL ALUMNI TRUSTEE 1.0 0.0 X 0 0 0 STANLEY O'BRIEN TERM TRUSTEE 1.5 0.0 X 0 0 0 NORTON REAMER LIFE 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 0 0 0 JAMES TAYLOR TERM 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 1.5 0.0 X 0 0 0 PENELOPE ADEY REGISTRAR 40.0 0.0 X 91902 0 17315 DIANE BLAKE VP ADMINISTRATION & FINANCE 40.0 0.0 X 261929 0 35988 DARCY CZAJKA CHIEF OF STAFF 40.0 0.0 X 57246 0 6474 STROM THACKER VP ACADEMIC AFFAIRS/DEAN FACUL 40.0 0.0 X 233692 0 89390 Bobbi Nelson Assistant Secretary 40.0 0.0 X 65942 0 13216 TERRI CERVENY VP FOR COLLEGE RELATIONS 40.0 0.0 X 234336 0 145470 MATTHEW MALATESTA VP FOR ADMISSIONS, FA & ENROLL 40.0 0.0 X 198534 0 40166 ELLEN YUE CHIEF INFORMATIONAL OFFICER 40.0 0.0 X 184188 0 31527 ROBERT BAKER PROFessor of PHILOSOPHY 40.0 0.0 X 181719 0 33496 ERIC BENNETT MEN'S HOCKEY COACH 40.0 0.0 X 201144 0 106113 SCOTT RAVA SR. PHIL. ADV. & Campaign DIR. 40.0 0.0 X 168258 0 51003 JAMES MCLAUGHLIN DIRECTOR OF ATHLET 40.0 0.0 X 173752 0 37568 ALAN TAYLOR PROFfessor MATHEMATICS 40.0 0.0 X 195000 0 35274 THERESE MCCARTY FORMER OFFICER 40.0 0.0 X 155055 0 34816 3435265 0 841219 121 true true false TURNER CONSTRUCTION COMPANY 1 COMPUTER DRIVE SOUTH ALBANY NY 12205 CONSTRUCTION 10942443 EINHORN YAFFEE PRESCOTT 201 FULLER ROAD ALBANY NY 12203 ARCHITECT 1142158 SANO-RUBIN CONSTRUCTION SERVICES LL PO BOX 9078 ALBANY NY 12209 CONSTRUCTION 809473 JACKSON DEMOLITION SERVICE INC 2745 AQUEDUCT ROAD NISKAYUNA NY 12309 CONSTRUCTION 496392 OLIVERS FLOORING INC PO BOX 102 NORTHVILLE NY 12134 CONSTRUCTION 373882 23 105698 2550466 22018768 3704341 24674932 TUITION & FEES 611710 114378319 114378319 AUXILIARY ENTERPRISE 713990 26250086 26250086 ATHLETICS 713990 391995 391995 BOOKSTORE 611710 18000 18000 AUXILIARY ICE RINK 713990 30263 30263 141068663 3895649 274184 3621465 0 0 0 0 0 247329960 228426881 18903079 18903079 18903079 32142 105698 53286 -21144 -21144 0 0 0 3168420 2152877 1015543 1015543 INTERCOLLEGIATE ATHLETICS 900099 1918005 1918005 ATHLETIC SPONSORSHIP AGREEMENT 900099 7248 7248 1925253 191461975 140628405 311695 25846943 51319 51319 47842011 47842011 38600 38600 0 2695192 907290 1403816 384086 744131 744131 53323022 47729843 2715784 2877395 5172536 4557287 298736 316513 11290962 9730104 971203 589655 4007324 3465856 303304 238164 1328848 1328848 706305 5299 701006 191139 191139 876 876 0 2140028 160028 1980000 2709535 1935959 470436 303140 399914 227472 101403 71039 8430754 7414079 508635 508040 3198238 3077376 54824 66038 0 6560832 5882451 572783 105598 3412289 2801411 306338 304540 0 2575787 2127808 159375 288604 4768046 4761107 6939 0 10583988 10583988 1114123 174656 939467 TERMS ABROAD 2335832 2335832 STIPENDS & HONORARIUM 196397 185331 11066 DUES & MEMBERSHIPS 392800 220691 154772 17337 OTHER EXPENSES 3634440 3555951 75410 3079 179845268 161844728 11926436 6074104 336466 55610 26318088 42251499 48740562 46758183 5671816 4589356 0 0 0 0 6237939 6118701 891028 963256 937603 1111677 483451152 253788897 194360721 229662255 117487136 106456633 338406452 367410852 0 0 0 0 61526441 40302566 800914252 845680588 16046703 22361630 0 0 2057076 2076727 96011224 94540277 0 0 0 0 77114811 76112579 0 0 17686603 17091705 208916417 212182918 X 216071218 231527795 206235488 228979955 169691129 172989920 591997835 633497670 800914252 845680588 X 11616707 29681883 201245 X false true X true true true X false false false false false false false false true 876 876 false PART II-B - DESCRIPTION OF LOBBYING ACTIVITY THE COLLEGE IS A MEMBER OF NACUBO AND PAYS ANNUAL DUES TO RETAIN THAT MEMBERSHIP. $876 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). X X X X EDUCATIONAL false 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 358608739 8448287 72927869 4009105 11568740 8563000 415844050 0.30000 0.37000 0.33000 true false 101 101 167907643 87134025 80773618 97787642 85798054 11989888 120076420 44521498 75554922 97679046 36335320 61343726 229662255 DISTRESSED DEBT 21576308 F DOMESTIC EQUITY 71225682 F REAL ASSETS 26458241 F PRIVATE EQUITY 50456054 F MULTI STRATEGY 26364459 F HEDGED EQUITY 81412217 F EMERGING MARKETS 24202627 F INTERNATIONAL EQUITY 59681437 F DEBT RELATED FUND 6033827 F 367410852 0 ACCRUED POST RETIREMENT BENEFI 9385817 ASSET RETIREMENT OBLIGATIONS 1157240 FEDERAL STUDENT LOAN FUNDS 1907593 POOLED INCOME & CHARITABLE GIF 4641055 17091705 X 173520762 29681883 29681883 143838879 1980000 45643096 47623096 191461975 132229420 2206163 2206163 130023257 1980000 47842011 49822011 179845268 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, 2018 AND 2017, 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 JUDGEMENT OCCURS. THE COLLEGE BELIEVES IT HAS TAKEN NOT SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 4B OTHER REVENUE INCLUDED ON FORM 990 BUT NOT IN Audited F/S RE-CLASS OF SCHOLARSHIP EXPENSES $ 47,842,011 COSTS OF GOODS SOLD $(2,152,877) FUNDRAISING EXPENSE $ (53,286) ATHLETIC SPONSORSHIP AGREEMENT $ 7,248 --------------- TOTAL $ 45,643,096 PART XII, LINE 2D OTHER EXPENSES INCLUDED IN AUDITED F/S BUT NOT ON FORM 990 FUNDRAISING EXPENSE $ 53,286 COST OF GOOD SOLD $ 2,152,877 ---------------- TOTAL $ 2,206,163 PART XII, LINE 4B OTHER EXPENSES INCLUDED ON FORM 990 BUT NOT IN AUDITED F/S RE-CLASS OF SCHOLARSHIP EXPENSE $ 47,842,011 ---------------- TOTAL $ 47,842,011 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, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND FEDERAL PERKINS LOANS FROM THE U.S. DEPARTMENT OF EDUCATION. 2. NSF-STEM SCHOLARSHIPS WHICH ARE FUNDED BY THE FEDERAL GOVERNMENT. 3. TAP AWARDS, NYS MERIT SCHOLARSHIPS AND TUITION/MAINTENANCE GRANTS RECEIVED FROM NYS FOR THE HEOP PROGRAM. 4. ROTC-FEDERAL FUNDING WHICH COVERS A PORTION OF EDUCATIONAL EXPENSES FOR THE RECIPIENTS. true Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 1334346 Sub-Saharan Africa Program Services STUDY ABROAD 17661 East Asia and the Pacific Program Services STUDY ABROAD 527414 South America Program Services STUDY ABROAD 84801 South Asia Program Services STUDY ABROAD 56042 North America Program Services STUDY ABROAD 33127 Central America and the Caribbean Investments 165672275 Europe (Including Iceland and Greenland) Program Services EDUCATIONAL ACTIVITY 1235 Europe (Including Iceland and Greenland) Program Services CONFERENCE 12972 North America Program Services RECRUTING/ATHLETICS 25367 North America Program Services EDUCATIONAL ACTIVITY 4122 East Asia and the Pacific Program Services CONFERENCE 2175 Central America and the Caribbean Program Services CONFERENCE 10 South Asia Program Services CONFERENCE 1445 North America Program Services CONFERENCE 2267 South America Program Services CONFERENCE 2056 East Asia and the Pacific Program Services CONFERENCE 2562 Europe (Including Iceland and Greenland) Program Services CONFERENCE 8585 Central America and the Caribbean Program Services STUDY ABROAD 74872 South Asia Program Services EDUCATIONAL ACTIVITY 4812 Europe (Including Iceland and Greenland) Investments 685031 North America Program Services CONFERENCE 1700 East Asia and the Pacific Program Services CONFERENCE 5958 East Asia and the Pacific Program Services EDUCATIONAL ACTIVITY 6225 North America Program Services IT SOFTWARE CONFERENCE 202 Central America and the Caribbean Grantmaking 1500 East Asia and the Pacific Grantmaking 10000 Europe (Including Iceland and Greenland) Grantmaking 21900 South America Grantmaking 5200 167779877 825985 168605862 scholarship Central America and the Caribbean 1 1500 STUDENT ACC. scholarship East Asia and the Pacific 6 10000 STUDENT ACC. scholarship Europe (Including Iceland and Greenland) 15 21900 STUDENT ACC. scholarship South America 3 5200 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 79615 67140 12475 5182 11568 3064 FRIENDS OF UNI 28135 19358 8777 9956 4500 2 30090 19200 10890 14230 999 3787 137840 105698 32142 5182 35754 999 11351 53286 -21144 true Alumni Council of Union College 807 Union Street Schenectady NY 12308 146019466 501(C)(3) 51319 To cover expenses 1 Higher Education Opportunity Program 79 477034 Union College General Scholarships 1725 38299604 Endowed Scholarships 607 5373718 Annual Restricted Scholarships 88 1649418 Work Study 936 1332949 Supplemental Educational Opp. Grant 287 25000 Supporting Scholars in Sci. & Eng 20 130000 ROTC Scholarship 12 554288 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 X false true X X X false true false false false false false false false STEPHEN AINLAY PRESIDENT 541894 0 300000 0 8160 0 59634 0 42405 0 952093 0 0 0 DIANE BLAKE VP ADMINISTRATION & FINANCE 260345 0 0 0 1584 0 28875 0 7113 0 297917 0 0 0 STROM THACKER VP ACADEMIC AFFAIRS/DEAN FACUL 233168 0 0 0 524 0 26664 0 62726 0 323082 0 0 0 TERRI CERVENY VP FOR COLLEGE RELATIONS 231662 0 0 0 2674 0 26251 0 119219 0 379806 0 0 0 MATTHEW MALATESTA VP FOR ADMISSIONS, FA & ENROLL 195186 0 0 0 3348 0 22442 0 17724 0 238700 0 0 0 ELLEN YUE CHIEF INFORMATIONAL OFFICER 183813 0 0 0 375 0 20645 0 10882 0 215715 0 0 0 ROBERT BAKER PROFessor of PHILOSOPHY 178472 0 0 0 3247 0 20185 0 13311 0 215215 0 0 0 ERIC BENNETT MEN'S HOCKEY COACH 200808 0 0 0 336 0 22857 0 83256 0 307257 0 0 0 SCOTT RAVA SR. PHIL. ADV. & Campaign DIR. 168127 0 0 0 131 0 17687 0 33316 0 219261 0 0 0 JAMES MCLAUGHLIN DIRECTOR OF ATHLET 172620 0 0 0 1132 0 19890 0 17678 0 211320 0 0 0 ALAN TAYLOR PROFfessor MATHEMATICS 192524 0 0 0 2476 0 21931 0 13343 0 230274 0 0 0 THERESE MCCARTY FORMER OFFICER 154375 0 0 0 680 0 17382 0 17434 0 189871 0 0 0 PART 1, LINE 1A - RELEVANT INFORMATION REGARDING COMPENSATION BENEFITS LINE 1-HOUSING ALLOWANCE AS A CONDITION OF THEIR EMPLOYMENT AND INCLUDED IN THEIR EMPLOYMENT C0NTRACTS, THE COLLEGE PROVIDES HOUSING FOR THE PRESIDENT, VICE PRESIDENT FOR COLLEGE RELATIONS, VICE PRESIDENT FOR STUDENT AFFAIRS AND RESIDENT DIRECTORS & ADVISORS. OF THIS GROUP, ONLY THE 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 IN BOTH CASES. THE VALUE OF THE EMPLOYER PROVIDED HOUSING TO THE PRESIDENT AND VICE PRESIDENT FOR COLLEGE RELATIONS 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 STEPHEN AINLAY'S EMPLOMENT 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. THE PRESIDENT UTILIZES BOTH CLUBS FOR BUSINESS PURPOSE ONLY AND TO THE EXTENT THERE MAY BE ANY PERSONAL USE, THE COLLEGE WILL REVIEW THAT USAGE AND TAX THE PRESIDENT ACCORDINGLY. ADDITIONALLY, AS PART OF HER EMPLOYMENT CONTRACT THE VICE PRESIDENT FOR COLLEGE RELATIONS, TERRI CERVENY, IS REQUIRED TO HAVE A MEMBERSHIP AT THE MOHAWK GOLF CLUB WHICH IS PAID FOR BY THE COLLEGE. LINE I-PERSONAL SERVICES THERE ARE CERTAIN SERVICES THE COLLEGE PROVIDES TO MAINTAIN THE PRESIDENT'S RESIDENCE INCLUDING GARDENING AND HOUSEKEEPING AS PART OF PRESIDENT STEPHEN AINLAY'S EMPLOYMENT CONTACT. THE EXPENSES HAVE BEEN INCLUDED IN THE ABOVE-MENTIONED HOUSING ALLOWANCE. LINE I-TRAVEL FOR COMPANIONS CONSISTENT WITH CODE SECTION 274(M)(3). THE COLLEGE DID NOT INCLUDE DE MINIMIS TRAVEL EXPENSES FOR PRESIDENT AINLAY'S SPOUSE AS SHE IS AN EMPLOYEE OF THE COLLEGE WORKING IN COLLEGE RELATIONS AND TRAVEL IS A REQUIRED PART OF HER JOB. (SEE SCHEDULE L FOR MORE INFORMATION). PART I, LINE 1B - REASON FOR NOT FOLLOWING POLICY REGARDING PAYMENTS SEE EXPLANATION PART 1, LINE 1. PART I, LINE 4 - SUPPLEMENTAL RETIREMENT President Stephen Ainlay participates in the Colleges Section 457(f) Nonqualified supplemental retirement plan which is subject to a substantial risk of forfeiture. A SCHENECTADY COUNTY CAP RE 273478847 806418AT6 2012-04-26 24263434 Refinance, S&E Construction true false false B Schenectady County Cap Re 273478847 806418BC2 2017-04-26 74702514 Refinance, S&E Construction false false false A 2733078 24287175 24263434 0 0 0 534426 0 0 23729008 0 0 2005 true true false true B 1692593 0 74702514 0 0 0 1027950 0 0 0 15482889 0 2020 true true 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 true 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, 2018, 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. 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). 2 60339 SCHOLARSHIP TUITION DISCOUNT Scott Montgomery SEE PART V 90817 Employee false Judith Ainlay SEE PART V 69191 EMPLOYEE false MARGARET AMODEO SEE PART V 41795 EMPLOYEE false HANS FRIEDRICH MUELLER SEE PART V 228571 FORMER FACULTY TRUSTEE false John Spinelli See Part V 160925 FORMER FACULTY TRUSTEE false SCHEDULE L, PART IV - INTERESTED PERSONS 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. PRESIDENT, STEPHEN AINLAY'S SPOUSE, JUDITH AINLAY, IS AN EMPLOYEE OF THE COLLEGE. AMOUNTS REPORTED ON SCHEDULE L REPRESENT THE W-2, BOX 5 WAGES PLUS BENEFITS PAID ON BEHALF OF MS. AINLAY. CHAIR OF 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 Friedreich 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 4550 COST X 151 3661835 Market Value X 4 3114 Cost X Miscellaneous 71 34842 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. 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 $ 31,307 ATHLETIC SPONSORSHIP AGREEMENT $ (7,248) BELOW-THE-LINE NON-OPERATING REVENUE $ 177,186 -------------- TOTAL $ 201,245 ALUMNI COUNCIL OF UNION COLLEGE INC 807 UNION ST ABBE HALL SCHENECTADY NY 12308 146019466 Fundraising NY 501(C)(3) 12C NA true CHARITABLE LEAD ANNUITY TRUST (1) INVESTING NY UNION COLLEGE CLAT 0 0 false CHARITABLE REMAIN UNITRUST (10) INVESTING UNION COLLEGE crut 0 0 false INCOME BENEFICIARY TR(3) INVESTING UNION COLLEGE TRUST 0 0 false CHARITABLE REMAIN ANNUITY TRUST (1) INVESTING NY UNION COLLEGE CRAT 0 0 false false true false false false false false false false false false false true true false true true false ALUMNI COUNCIL OF UNION COLLEGE b 51319 FMV PART IV LINE 2 THE 10 CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 2 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 3 THE 3 INCOME BENEFICIARY TRUSTS LISTED ON LINE 3 PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 2-NY 1-NJ