2019-04-02T09:04:36-07:00 2018-05-31 743118183 Drescher & Malecki LLP 3083 William Street Cheektowaga NY 14227 990 2017-06-01 160759798 Daemen College DAEM 7168398218 4380 Main Street Amherst NY 142263592 Dr Robert Rood VP for Business Affairs/Treasurer 7168398505 2019-04-02 1 Matthew Montalbo P01858118 7165652299 2019-04-02 50.75.185.98 2017 2019-02-21 02:37:17Z Dr Gary A Olson 4380 Main Street Amherst NY 14226 75945727 0 X www.daemen.edu X 1947 NY Education - private, independent college. 30 28 1647 40 76021 0 2725130 3667807 70039679 69816652 896940 1055053 863205 1353229 74524954 75892741 26072769 25434895 0 0 33108853 33442755 0 12832 649063 17194526 16361649 76376148 75252131 -1851194 640610 83317467 84080952 38992435 36383785 44325032 47697167 Private, independent college providing higher education to students. 0 0 69345190 25434895 72148913 See above. 0 0 0 69345190 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 184 0 1 1647 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 28 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 0 X Dr Robert Rood 7168398218 4380 Main Street Amherst NY 142263592 Thomas Stewart Board Chair 0.8 0 X 0 0 0 Catherine LePage-Campbell Vice Chair 0.8 0 X 0 0 0 Richard Day Board Secretary/Treasurer 0.8 0 X 0 0 0 Gary Bichler Trustee 0.4 0 X 0 0 0 Audre Bunis Trustee 0.4 0 X 0 0 0 Caroline Burek Trustee 0.4 0 X 0 0 0 Mark Chason Trustee 0.4 0 X 0 0 0 Robert Chur Trustee 0.4 0 X 0 0 0 Dale Demyanick Trustee 0.4 0 X 0 0 0 Jed Dietrich Trustee 0.4 0 X 0 0 0 Dorothy Ferguson Trustee 0.4 0 X 0 0 0 Alan Gracie Trustee 0.4 0 X 0 0 0 Jennifer Gurske-Deperio Trustee 0.4 0 X 0 0 0 Donald Hutton Trustee 0.4 0 X 0 0 0 Hratch Karamanoukian Trustee 0.4 0 X 0 0 0 Seymour Knox IV Trustee 0.4 0 X 0 0 0 Kathy Lawley-Best Trustee 0.4 0 X 0 0 0 Gail Mitchell Trustee 0.4 0 X 0 0 0 Dorothy Mueller OSF Trustee 0.4 0 X 0 0 0 Thomas Reynolds Trustee 0.4 0 X 0 0 0 Paul Saffrin Trustee 0.4 0 X 0 0 0 Shandra Spicer Trustee 0.4 0 X 0 0 0 Jeffrey Wellington Trustee 0.4 0 X 0 0 0 Arthur Wingerter Trustee 0.4 0 X 0 0 0 Wayne Wisbaum Trustee 0.4 0 X 0 0 0 Edith Wyss OSF Trustee 0.4 0 X 0 0 0 Brenda Young Trustee 40 0 X 85233 0 14227 John Yurtchuk Trustee 0.4 0 X 0 0 0 JoEtte Zaccagnino Trustee 0.4 0 X 0 0 0 Dr Gary A Olson President 40 0 X X 295078 0 39605 Dr Michael Brogan VP of Academic Affairs 40 0 X 133867 0 29787 Richard G Schott VP of Business Affairs 40 0 X 126175 0 8532 Dr Gregory J Nayor VP of Student Affairs 40 0 X 119634 0 28581 Craig Harris VP of Institutional Advancement 40 0 X 119458 0 28817 Frank Williams VP of Enrollment Management 40 0 X 105391 0 27495 Dr Patricia Brown VP of Enrollment Management 40 0 X 93718 0 22670 Lisa A Arida Controller & Assistant Treasurer 40 0 X 91853 0 29917 Dr Greg Shutts Professor 40 0 X 139991 0 29415 Dr Linda Kuechler Professor 40 0 X 131348 0 26603 Joel Patterson Professor 40 0 X 129379 0 55164 Gary Styn Professor 40 0 X 125746 0 26874 Robert Mills Sr Advisor to President 40 0 X 120217 0 28729 1817088 0 396416 22 0 1 0 Ellucian Company LP 4375 Fair Lakes Court Fairfax VA 22033 Technology Software 182626 Ruffalo Noel Levitz LLC 1025 Kirkwood Pkwy Cedar Rapids IA 52404 Enrollment Consulting/Software 247705 Energymark LLC 6653 Main Street Williamsville NY 14221 Utility Supplier 222751 3 0 0 89698 0 1744586 1833523 84217 3667807 Tuition & Fees 611310 61003407 61003407 0 0 Sales & Svc of Auxiliary Ent 611710 8813245 8813245 0 0 0 0 0 0 69816652 595956 0 0 595956 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 459097 0 0 0 459097 0 459097 0 0 459097 117753 89698 52986 64767 0 64767 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore/Food Commission 900099 132129 132129 0 0 Student Activities Revenue 900099 177909 177909 0 0 Overhead Recoveries 900099 20365 20365 0 0 958059 882038 76021 0 1288462 75892741 71029093 76021 1119820 25434895 25434895 1304635 104395 1044832 155408 24032549 21748012 2038102 246435 1334447 1158612 156126 19709 4963067 4476589 418990 67488 1808057 1566776 222022 19259 179608 179608 35450 35450 12832 12832 152309 152309 450046 407603 30378 12065 225327 225327 1807896 1405973 368796 33127 597284 408330 159355 29599 1961 1961 2585780 2522594 63186 929083 815555 91269 22259 1725836 1725836 2970676 2970676 180714 69363 111351 Food Service: Students 1716209 1716209 0 0 Resident Assistants 235365 235365 0 0 Direct Mail Services 107944 107944 0 0 2460161 2243175 186104 30882 75252131 69345190 5257878 649063 871160 2223573 4012355 3016636 1269055 1315418 1173736 1498394 0 0 0 0 2199014 1946156 0 0 234876 274291 102038611 53093073 50504842 48945538 19716122 21488491 3336307 3372455 0 0 0 0 0 0 83317467 84080952 649469 883686 0 978057 975552 28429956 27322258 626 0 0 0 0 0 0 0 8934327 7202289 38992435 36383785 X 35437962 37639361 8004776 9079313 882294 978493 44325032 47697167 83317467 84080952 640610 2731525 0 0 0 0 X 0 1 X 1 1 1 X 0 1 X 14433550 498023 1453975 77692 68414 119930 16119512 12479822 394682 1706010 42134 0 104830 14433550 12300284 869308 -582291 44740 0 62739 12479822 10022595 1786637 596649 30565 0 75032 12300284 8613531 357983 1153310 32210 0 70019 10022595 0.54 0.06 0.4 0 0 0 1035115 1035115 0 65877031 24743226 41133805 0 352965 44121 308844 0 18865625 16756780 2108845 0 15907875 11548946 4358929 48945538 Accrued Salaries, Wages and Pension 2013853 Accrued Interest 93301 US Government Advances 801486 Derivtive Liability 4293649 7202289 78677252 2731525 0 0 0 2731525 75945727 0 -52986 -52986 75892741 75305117 0 0 0 52986 52986 75252131 0 0 0 75252131 Schedule D, Part IV, Line 2b The College performs administrative functions for one agency. The amounts reported represent the assets the college has fiduciary duties to maintain and control. Schedule D, Part V, Line 4 Endowment funds are intended to be used for scholarships or other expenditures to further the College's mission of higher education. Schedule D, Part XI, Line 4b Constitutes fundraising expenses that are include on Part VIII, line 8b Schedule D, Part XII, Line 2d Represents fundraising expenses shown on 990, Part VIII, Line 8b 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 communicated through the website, student and employment handbooks, print ads, and broadcast. Schedule E, Part I, Line 6 The College receives aid from New York State, including:Bundy Aid, Higher Education Opportunity Grant, TLQP research Grant, NYS Development Disability grant for inclusive fitness, DASNY grant and NYS Library grant. The College also receives aid from the US Government, including US Department of Education Title IV programs. Student Financial Aid North America (including Canada and Mexico, but not the United States) 27 1013737 App to tuition statment 0 Book Daemen Work Program North America (including Canada and Mexico, but not the United States) 9 36700 Wages 0 Book 0 0 0 0 0 0 Schedule F, Part III Student financial aid was awarded to students attending the college in the US. The aid awarded was applied directly to outstanding student bills or paid out as wages for those eligible for the Daemen work Program, up to a maximum of $2,100 per student per year. The accrual method of accounting is used. Annual Fund 89698 89698 0 0 0 0 0 0 0 Wildcat Golf Tournament 57054 0 57054 0 0 1000 12890 0 4413 3 60699 0 60699 0 0 585 20285 600 13213 207451 89698 117753 0 0 1585 33175 600 17626 52986 64767 1 Student Financial Aid Programs 2285 25434895 0 Book Schedule I, Part I, Line 2 Student financial aid is credited to the individual student accounts and their net balances are monitored by the Business Office. X 1 1 X X X 1 1 0 0 0 0 0 0 0 Dr Gary A Olson President 271078 0 0 0 24000 0 13519 0 26086 0 334683 0 0 0 Dr Michael Brogan VP of Academic Affairs 112057 0 0 0 21810 0 10905 0 18882 0 163654 0 0 0 Craig Harris VP of Institutional Advancement 109477 0 0 0 9981 0 9981 0 18836 0 148275 0 0 0 Richard G Schott VP of Business Affairs 102175 0 0 0 24000 0 8128 0 404 0 134707 0 0 0 Dr Patricia Brown VP of Enrollment Management 88052 0 0 0 5666 0 6953 0 15718 0 116389 0 0 0 Dr Gregory J Nayor VP of Student Affairs 113544 0 0 0 6090 0 9744 0 18837 0 148215 0 0 0 Frank Williams VP of Enrollment Management 99951 0 0 0 5440 0 8704 0 18791 0 132886 0 0 0 Dr Greg Shutts Professor 123087 0 0 0 16904 0 10514 0 18902 0 169407 0 0 0 Dr Linda Kuechler Professor 126518 0 0 0 4830 0 7728 0 18874 0 157950 0 0 0 Joel Patterson Professor 123881 0 0 0 5498 0 8796 0 46368 0 184543 0 0 0 Gary Styn Professor 120735 0 0 0 5011 0 8018 0 18856 0 152620 0 0 0 Robert Mills Sr Advisor to President 114036 0 0 0 6181 0 9890 0 18839 0 148946 0 0 0 Schedule J, Part I, Line 1a The President of the college is provided with a residence for personal use. Schedule J, Part I, Line 3 The College uses the following to establish the compensation of the organization's CEO/President: Compensation Committee, written employment contract and approval of the Board of Trustees Schedule J, Part I, Line 4 (4a) Two individuals received severance pay: Richard G Schott- $34,919, Patricia Brown, $32,643 (4b) Two individuals participated in the 457 retirement plan: Gary A Olson- $18,000, Richard G Schott- $6,366 A Town of Amherst Industrial Development Agency 161136451 031362EH5 2006-06-30 20925000 Refund & defease 2001A bonds 0 0 0 B Town of Amherst Industrial Development Agency 161136451 031362EJ1 2006-06-30 17075000 Construction & equipment for new library 0 0 0 A 6615000 18275654 20925000 1436398 0 0 434918 637393 0 0 140637 0 2006 0 1 1 1 B 3590000 0 17075000 1064941 575186 0 365107 568492 0 14500435 839 0 2006 0 0 1 1 A 0 0 0 0 0 0 0 1 0 0 B 0 0 0 0 0 0 0 1 0 0 A 0 0 0 1 1 1 Morgan Stanley 25 0 0 1 Morgan Stanley 25.0 1 0 0 B 0 0 0 1 1 1 Morgan Stanley 30.0 0 0 1 Morgan Stanley 30.0 1 0 0 A 0 B 0 Schedule K, Part IV, Line 2c-06/30/2006 20,925,000 Town of Amherst Industrial Development Agency No rebate due for the Bond issue A; the rebate calculation date was 2/21/18. This calculation was based on the Interim Arbitrage Rebate Analysis prepared for Daemen College by BLX Group for the period 6/30/2006 through 12/28/2017. The next rebated installment will be due not later then December 2, 2021, 60 days after 10/3/2021. Schedule K, Part IV, Line 2c-06/30/2006 17,075,000 Town of Amherst Industrial Development Agency No rebate due for the issue B; the rebate calculation date was 2/21/18. this calculation was based on the Interim Arbitrage Rebate Analysis prepared for Daemen College by BLX Group for the period 6/30/2006 through 12/28/17. The next rebate installment will be due not later than 11/26/2021, 60 days after 9/26/2021. Gary Bichler RP Oakhill Trustee 270000 Construction Project 0 Mark Chason Chason Management Trustee 503055 Student Housing 0 Schedule L, Part IV (1) Prior to becoming a trustee of the College, the individual's business entered into a contract with the college to work on the construction of the soccer field at Park School. (2) The College leases student housing from the individual's business. This business relationship existed prior to the individual becoming a trustee. The lease space is of a unique nature and there are no other vendors who could provide the services/space needed. X 6 19453 FMV X 8 Spaces in Dorm Building 8 55664 FMV X Gift Cards 1 2000 FMV X Copiers 3 5700 FMV 0 1 1 Schedule M, Part I, Line 32b The College uses an investment broker to sell donated stocks if they do not align with the investment policies of the College. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed by the Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The written conflict of interest policy covers employees and trustees. Officers ensure that all of their employees required to submit a Conflict of Interest Statement do so. Form 990, Part VI, Section B, Line 15 The College President's compensation is reviewed and approved by the Executive Committee of the Board of Trustees with documentation in the minutes. Form 990, Part VI, Section C, Line 19 Copies of the governing documents, the conflict of interest policy, and financial statements are made availible upon request. Daemen College Physical Therapy Inc 4380 Main Street Amherst NY 14226 462438676 Physical therapy clinic NY 501(c)(3) 9 N/A 0 4380 Main Street Inc 4380 Main Street Amherst NY 14226 161003033 Liquor License NY N/A C 0 593 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 Daemen College Physical Therapy Inc q 4032 Actual expenses incurred