2019-05-10T08:03:57-07:00 2018-06-30 990 2017-07-01 150543659 CLARKSON UNIVERSITY CLAR 3152682089 8 Clarkson Avenue Box 5546 Potsdam NY 136995546 James Fish Chief Financial Officer 3152686689 2019-05-10 128.153.22.210 2017 2019-02-21 02:37:17Z Anthony G Collins 8 Clarkson Avenue Box 5500 Potsdam NY 13699 264976074 0 X www.clarkson.edu X 1896 NY Provide education for undergraduate, graduate and professional continuing education programs, and to engage in high quality research and scholarship. 40 40 2763 1306 520430 382672 37145933 26522778 197652822 192238201 9596036 7824184 3810226 3370817 248205017 229955980 95289829 94453102 0 0 86014505 85851585 0 0 3402311 52049794 52624688 233354128 232929375 14850889 -2973395 427533187 433537056 129824546 142782061 297708641 290754995 X Clarkson University is an independent, nationally recognized technological university whose faculty of teacher-scholars aspires to offer superior instruction and engage in high-quality research and scholarship in engineering, business, science, health, and liberal arts. Please see schedule O for continuation of our Mission. 0 0 202378750 93955274 165706530 Higher Education: Provide instruction, research, public service, campus support, etc. for undergraduate and graduate students. (3,971 FTE students) U.S. News & World Report's 2018 rankings of "Best Colleges" again placed Clarkson University in tier one, the top tier of national universities. Clarkson's Supply Chain Management Program, highly acclaimed by employers of Clarkson graduates, was listed among the best in the nation, ranked number 17 in Supply Chain Management/Logistics. Clarkson's online MBA program was also listed in the top 50 in the nation. Clarkson is also on the U.S. News "Great Schools at Great Prices" list (Best Value Schools), which takes into account a school's academic quality, as indicated by its 2018 U.S. News Best Colleges ranking, and the 2016-2017 net cost of attendance for a student who receives the average level of need-based financial aid. Additionally, U.S. News ranks Clarkson among its "Best Colleges for Veterans" in the National University category. 12115657 497828 28848986 Extracurricular programs, general/other auxiliary enterprises such as housing, dining, and recreational services for its students. (3,580 FTE students) 0 0 379293 Conferences & Workshops 0 0 0 214494407 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 448 0 1 2763 1 1 1 0 0 0 0 0 0 0 0 0 X 40 40 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X Keith Rosser 3152687258 8 Clarkson Ave Box 5546 Potsdam NY 136665546 CAROLYN A BRANDSEMA Trustee 1 0 X 0 0 0 ROBERT A CAMPBELL Trustee 2 0 X 0 0 0 AMY E CASTRONOVA Trustee 1 0 X 0 0 0 BAYARD D CLARKSON JR Trustee 1 0 X 0 0 0 BAYARD D CLARKSON SR Trustee 1 0 X 0 0 0 CHARLES R CRAIG Trustee 2 1 X 0 0 0 MARK DZWONCZYK Trustee 1 0 X 0 0 0 JUDITH J FOSTER Trustee 1 0 X 0 0 0 ROBERT K GOLDMAN Trustee 2 0 X 0 0 0 RICHARD R GRIFFITH Trustee 1 0 X 0 0 0 WILLIAM F HELMER Trustee 1 0 X 0 0 0 DIANNA JONES HERRMANN Trustee 2 0 X 0 0 0 THOMAS L KASSOUF Trustee 2 0 X 0 0 0 EARL R LEWIS Trustee 1 0 X 0 0 0 JODY A MARKOPOULOS Trustee 1 0 X 0 0 0 JAMES W RANSOM Trustee 1 0 X 0 0 0 NANCY D REYDA Trustee 2 0 X 0 0 0 STEPHEN D RYAN Trustee 2 0 X 0 0 0 RAYMOND L SKOWYRA JR Trustee 2 0 X 0 0 0 JEAN E SPENCE Trustee 2 0 X 0 0 0 ROBERT R ZIEK JR Trustee 2 1 X 0 0 0 KAITLIN P MONTE Trustee 1 0 X 0 0 0 DANIEL HEINTZELMAN Trustee 2 0 X 0 0 0 LISA NAPOLIONE Trustee 1 0 X 0 0 0 WALT L ROBB Trustee 1 0 X 0 0 0 FRANK R SCHMELER Trustee 1 0 X 0 0 0 LAURETTA M CHRYS Trustee 1 0 X 0 0 0 DAVID K HEACOCK Trustee 1 0 X 0 0 0 LAWRENCE D KINGSLEY Trustee 1 0 X 0 0 0 SANJEEV R KULKARNI Trustee 1 0 X 0 0 0 KENNETH V CAMARCO Trustee 1 0 X 0 0 0 PETER J DEVLIN Trustee 1 0 X 0 0 0 ROBERT A DIFULGENTIZ Trustee 1 0 X 0 0 0 GEORGIA KERESTY Trustee 1 0 X 0 0 0 KENNETH S LALLY Trustee 1 0 X 0 0 0 RAJAN RAGHAVAN Trustee 1 0 X 0 0 0 CODY A ROSEN Trustee 1 0 X 0 0 0 W ASHLEY TWINING Trustee 1 0 X 0 0 0 DAVID A WALSH Trustee 1 0 X 0 0 0 DENNIS G WELLER Trustee 1 0 X 0 0 0 ANTHONY G COLLINS President 50 1 X 1236593 0 59886 JAMES D FISH Chief Financial Officer 50 2 X 249310 0 34605 KELLY O CHEZUM Vice President for External Relations 50 1 X 173546 0 50624 KEROP JANOYAN Dean of the Graduate School 40 0 X 179165 0 70361 IAN HAZEN Director of Facilities and Services 40 0 X 161456 0 25210 DAYLE SMITH Dean of the School of Business 40 0 X 330403 0 38971 CHARLES THORPE Interim Dean of the School of Arts & Sciences 40 0 X 309073 0 40570 BRIAN GRANT Vice President for Enrollment & Student Advancement 40 0 X 164051 0 47315 WILLIAM JEMISON Dean of the School of Engineering 40 0 X 269349 0 77701 PATRICK ROCHE Vice President for Development & Alumni Relations 40 0 X 364390 0 43777 BABU SURYADEVARA Professor of Chemical & Biomolecular Engineering 40 0 X 266611 0 35852 FARZAD MAHMOODI Prof./Director of Supply Chain Mgmt 40 0 X 285352 0 55133 JAMES S BONNER Chief Research Officer 40 0 X 263821 0 31506 CASEY JONES Head Men's Hockey Coach 40 0 X 266453 0 56090 MATTHEW DESROSIERS Head Women's Hockey Coach 40 0 X 300758 0 50455 GOODARZ AHMADI Professor of Mechanical Engineering 40 0 X 190729 0 28035 PETER TURNER Director of the Institute for STEM Education 40 0 X 194961 0 40484 TIMOTHY SUGRUE CEO of Beacon Institute 0 40 X 157055 0 14472 5363076 0 801047 155 1 1 0 RSI Roofing Inc 44 County Road 9 Gouverneur NY 13642 Construction 1204392 LCDrives Corp 65 Main Street Potsdam NY 13676 Construction 1046885 Royall & Company 1920 East Parham Road Richmond VA 23228 Consulting 797400 Aramark Corporation 27310 Network Place Chicago IL 60673 Food Service 759605 Continental Construction LLC 2125 State Highway 812 Gouverneur NY 13642 Construction 681371 33 0 0 0 0 14880008 11642770 1304022 26522778 Tuition & Fees 611310 163009922 163009922 0 0 Auxiliary Enterprises - Room 721000 18248942 18248942 0 0 Auxiliary Enterprises - Board 722320 10526240 10526240 0 0 Auxiliary Enterprises - Other 900099 73804 73804 0 0 Conferences & Workshops 611310 379293 364470 0 14823 0 0 0 0 192238201 1051864 0 447226 604638 0 0 0 0 12514 0 0 12514 0 0 0 0 0 0 0 0 0 0 41669914 122500 34329202 690892 7340712 -568392 6772320 0 0 6772320 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Program Registration Fees 611310 66510 66510 0 0 Athletic Revenue 711210 523779 0 0 523779 Space Rental 532000 241186 241186 0 0 2526828 2388912 73204 64712 3358303 229955980 194919986 520430 7992786 50000 50000 92166621 92166621 2236481 2236481 0 0 3810500 1761211 2049289 0 0 0 0 0 62477913 55894270 4691801 1891842 4246881 3574459 519450 152972 11106967 9348364 1358531 400072 4209324 3542846 514858 151620 0 0 0 0 570763 87268 483495 0 160427 0 160427 0 17396 17396 0 0 0 0 356255 356255 0 0 2824339 2103052 677862 43425 1575339 1461086 54404 59849 0 0 0 0 0 0 0 0 0 0 0 0 3955583 3596388 359195 0 3614709 3205995 237943 170771 0 0 0 0 0 0 0 0 2755994 2531981 224013 0 0 0 0 0 9701671 8838835 583457 279379 860838 79615 781223 0 Supplies 5289756 4830545 431057 28154 Food Service 6704971 6404502 293818 6651 Research Sub-Contracts 1277403 1277403 0 0 Equipment Rentals / External Maintenance 2809649 2194559 612936 2154 10149595 8935275 998898 215422 232929375 214494407 15032657 3402311 0 0 22766798 13721897 3807305 4062374 10000492 8940375 0 0 0 0 0 0 220282 221757 2041841 2688827 338468904 147234148 190434452 191234756 79923576 87114312 108189551 115404579 9493378 9512974 0 0 655512 635205 427533187 433537056 6280132 11197900 0 0 6892375 6801902 73236286 72686602 1719951 1578981 0 0 1573506 1161516 0 0 40122296 49355160 129824546 142782061 X 131090175 115541603 39669919 46514806 126948547 128698586 297708641 290754995 427533187 433537056 X -2973395 5964391 0 0 0 -9944642 X 0 1 X 1 1 1 X 35639508 32800814 29779714 37145933 26522778 161888747 0 0 0 0 0 0 0 0 0 0 0 0 35639508 32800814 29779714 37145933 26522778 161888747 10856019 151032728 2815882 2788590 1477023 1129238 617152 8827885 7323 0 0 49294 379655 436272 3225036 2852135 3399329 3695837 3285099 16457436 187610340 918703462 0.80503 0.80070 X Schedule A, Part II, Line 10 Other income includes Program Registration Fees, Athletic Revenue, Space Rental, Global Business Program Revenue and all other Miscellaneous Revenue. 1 1 0 0 0 1 12795 1 4601 0 0 17396 0 Schedule C, Part II-B, Line 1 The University, through the Association of Governing Boards, contacts the Board of Trustees periodically to urge them to contact their legislators regarding funding support issues such as New York State (NYS) Bundy Aid and the NYS Tuition Assistance Program. Alumni are also periodically encouraged to contact their state and federal representatives. The President, Chief Financial Officer and the External Relations Office sign official communications including lobbying appeals. The office is principally responsible for monitoring government action at the local, state and federal levels, reporting significant actions which impact the University to appropriate offices, and where appropriate, to lobbying legislative and executive bodies. The vast majority of lobbying communications and direct contact with legislators or legislative staff members emanates from this office. The University conveyed its position on various state and federal issues, as well as miscellaneous economic development, energy and environmental issues. 0 1 X 191141142 1697774 13718538 7517738 713368 0 198326348 177099281 2480849 19925601 7651323 713266 0 191141142 186140355 6272274 -6962416 7634292 716640 0 177099281 192917861 4944745 -3839510 7337438 545303 0 186140355 169437868 5157143 26173566 7249957 600759 0 192917861 0.254 0.6235 0.1225 0 0 16000 14229641 14245641 0 271707632 112969040 158738592 0 0 0 0 0 41906452 34265108 7641344 0 10609179 0 10609179 191234756 0 2552385 F Hedge Funds 49903817 F Private Equity 7737742 F Venture Capital 5681818 F Real Assets 4843308 F International Equity 44685509 F 115404579 0 Federal & Other Loan Programs 8220746 Conditional Asset Retirement Obligation 5323074 Post Retirement Benefit 27705797 Present Value of Annuity Payments 6478762 Loan Pledge Liability 43757 Miscellaneous 1583024 49355160 X 226484495 5964391 0 0 -8854065 -2889674 229374169 356255 225556 581811 229955980 233438141 0 0 0 1471544 1471544 231966597 356255 606523 962778 232929375 Schedule D, Part IV, Line 2b The University assists the Student Association by providing custodian support for their receipts and disbursements. Also, the University is the fiduciary of a perpetuity trust. Schedule D, Part V, Line 4 The intended use of the University's endowment fund is to support the University's students directly through financial aid as well as indirectly through support of operation costs and research endeavors. Schedule D, Part X, Line 2 The consolidated financial statements include the University and Beacon, which are generally exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. Weston is a taxable subsidiary of the University. The income tax attributable to Weston is reflected in these consolidated financial statements but is not material. The University recognizes the effect of income tax positions only if those positions are more likely than not of being sustained by a taxing authority and believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Related entity revenue $1,340,848. Change to post-retirement benefits ($10,194,913). Schedule D, Part XI, Line 4b Interest on student loans $19,785. Change in Annuity and Life Income Funds $146,382. Change in value of split-interest agreements $9,504. Related entity revenue $49,885. Schedule D, Part XII, Line 2d Related entity expense $1,471,544. Schedule D, Part XII, Line 4b Interest on student loans $19,785. Change in Annuity and Life Income funds $146,382. Change in value of split-interest agreements $440,356. 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 University publicizes its racially nondiscrimination policy within all job announcements and publications, as well as all other public announcements and publications. This policy can also be found on the University's website. Schedule E, Part I, Line 6 The University receives federal, state and local funds for student financial assistance and for research and development awards. 1 Central America and the Caribbean 0 0 Investments 53911447 Europe (including Iceland and Greenland) 0 0 Investments 1061628 Europe (including Iceland and Greenland) 0 0 Grantmaking 646015 East Asia and the Pacific 0 0 Grantmaking 575772 Sub-Saharan Africa 0 0 Grantmaking 43530 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 14000 Europe (including Iceland and Greenland) 0 0 Program Services Global Business Program 273558 East Asia and the Pacific 0 0 Program Services Global Business Program 168720 Central America and the Caribbean 0 0 Program Services Global Business Program 52284 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research 136314 Central America and the Caribbean 0 0 Program Services Research 136313 Europe (including Iceland and Greenland) 0 0 Program Services Research 189975 0 0 57209556 North America (including Canada and Mexico, but not the United States) Research 82145 Wire Transfer 0 Europe (including Iceland and Greenland) Research 30125 Wire Transfer 0 Central America and the Caribbean Research 10731 Wire Transfer 0 Central America and the Caribbean Research 64511 Check 0 0 3 Scholarship Europe (including Iceland and Greenland) 43 646015 Credit on Students Account 0 Scholarship East Asia and the Pacific 35 575772 Credit on Students Account 0 Scholarship Sub-Saharan Africa 2 43530 Credit on Students Account 0 Scholarship North America (including Canada and Mexico, but not the United States) 1 14000 Credit on Students Account 0 Provide housing and travel for Global Business Program students. Europe (including Iceland and Greenland) 64 182146 Wire Transfer 0 Provide housing and travel for Global Business Program students. Europe (including Iceland and Greenland) 4 10801 Credit Card 0 Provide housing and travel for Global Business Program students. East Asia and the Pacific 25 71336 Credit Card 0 Provide housing and travel for Global Business Program students. East Asia and the Pacific 21 61340 Wire Transfer 0 Provide housing and travel for Global Business Program students. Central America and the Caribbean 12 38255 Check 0 Participant Support North America (including Canada and Mexico, but not the United States) 2 20316 Wire Transfer 0 Consultant North America (including Canada and Mexico, but not the United States) 2 20315 Wire Transfer 0 1 0 1 1 1 1 Schedule F, Part I, Line 2 The University monitors the use of grant funds for research sub-awards outside the United States by requiring technical reports which are reviewed and approved by the University before submitting payment. We also have a comprehensive monitoring process by which all sub-recipients are evaluated prior to obtaining an award. Research expenditures for this program are for undergraduates, these are pre-approved by the funding agency and technical reports are submitted upon completion of trip for review and approval. All University expenditure guidelines are followed before payments are disbursed for program expenditures. Grant funds are verified in the student financial aid process according to University procedures and distributed as credits to student receivable accounts at the University. Schedule F, Part I, Line 3 The University utilizes the accrual method of accounting. 1 Village of Potsdam PO Box 5168 Potsdam NY 13676 156001369 Local Government 34000 0 Donation Town of Potsdam 35 Market Street Potsdam NY 13676 156001107 Local Government 6000 0 Donation Potsdam Rescue Squad Elm Street Potsdam NY 13676 166051465 10000 0 Donation 3 0 Summer Awards 33 81177 0 Clarkson Honararies 62 1702572 0 Clarkson Veteran Scholarships 5 34063 0 Endowed/Sponsored/Government 1090 1745978 0 Fellowship - Tuition 7 28245 0 Graduate Assistant 1 9605 0 Grant in Aid 47 2227935 0 Graduate Scholarships 534 3247300 0 Partial Tuition 291 1343233 0 Research Assistant - Tuition Remission 193 2033450 0 Resident Advisors - Allowance 66 565383 0 Room, Board and Maintenance 59 160970 0 Supplemental Financial Aid Summer 32 111870 0 Supplemental Trustee Scholarships 60 2509003 0 Teaching Assistant Scholarships 124 2824822 0 Trustee Scholarships 2649 73541015 0 Schedule I, Part I, Line 2 The University provides funding to faculty and students for scholarships, research and other projects. Expenses must be substantiated under the Accountability Plan to ensure proper use of funds. Students must meet the requirements specified in the respective award program in order to receive the award. The requirements include criteria such as financial need, obtaining/maintaining the required grade point average and studying in a certain academic discipline, etc. If the scholarship is ongoing, the student must continue to meet the scholarship requirements in order to be awarded a scholarship in subsequent years. Financial need, grade point averages and other scholarship criteria are continually monitored to determine whether the student meets the criteria. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 ANTHONY G COLLINS President 511426 0 250000 0 475167 0 23077 0 36809 0 1296479 0 250000 0 JAMES D FISH Chief Financial Officer 249152 0 0 0 158 0 24121 0 10484 0 283915 0 0 0 KELLY O CHEZUM Vice President for External Relations 173491 0 0 0 55 0 21000 0 29624 0 224170 0 0 0 KEROP JANOYAN Dean of the Graduate School 178329 0 0 0 836 0 17616 0 52745 0 249526 0 0 0 IAN HAZEN Director of Facilities and Services 161432 0 0 0 24 0 15613 0 9597 0 186666 0 0 0 DAYLE SMITH Dean of the School of Business 330300 0 0 0 103 0 12999 0 25972 0 369374 0 0 0 CHARLES THORPE Interim Dean of the School of Arts & Sciences 308315 0 0 0 758 0 21506 0 19064 0 349643 0 0 0 BRIAN GRANT Vice President for Enrollment & Student Advancement 163996 0 0 0 55 0 16370 0 30945 0 211366 0 0 0 WILLIAM JEMISON Dean of the School of Engineering 269294 0 0 0 55 0 25440 0 52261 0 347050 0 0 0 PATRICK ROCHE Vice President for Development & Alumni Relations 333366 0 31000 0 24 0 13182 0 30595 0 408167 0 0 0 BABU SURYADEVARA Professor of Chemical & Biomolecular Engineering 266116 0 0 0 495 0 19480 0 16372 0 302463 0 0 0 FARZAD MAHMOODI Prof./Director of Supply Chain Mgmt 285249 0 0 0 103 0 23163 0 31970 0 340485 0 0 0 JAMES S BONNER Chief Research Officer 262963 0 0 0 858 0 20834 0 10672 0 295327 0 0 0 CASEY JONES Head Men's Hockey Coach 251982 0 0 0 14471 0 24120 0 31970 0 322543 0 0 0 MATTHEW DESROSIERS Head Women's Hockey Coach 203233 0 93750 0 3775 0 19920 0 30535 0 351213 0 0 0 GOODARZ AHMADI Professor of Mechanical Engineering 188634 0 0 0 2095 0 17831 0 10204 0 218764 0 0 0 PETER TURNER Director of the Institute for STEM Education 193856 0 0 0 1105 0 18920 0 21564 0 235445 0 0 0 TIMOTHY SUGRUE CEO of Beacon Institute 156750 0 0 0 305 0 14472 0 0 0 171527 0 0 0 Schedule J, Part I, Line 1a Travel for companions and gross up payments were provided to an officer of the University. These benefits were provided as taxable compensation. The non-taxable benefit is included in Part II, Column D. A personal residence was provided to the President as a mandatory condition of employment and was not taxable based on section 119 of IRC. Schedule J, Part I, Line 4 The President participates in a non qualified deferred compensation retirement plan. The plan was created during 2010 with the approval of the Executive Committee, an independent and disinterested party, in order to align the President's total compensation with comparable universities and to ensure the President's long-term employment with Clarkson University. The current year distribution from the plan was $450,000, plus accrued interest, for a total of $471,669. This distribution included $250,000 of prior year contributions, which have been previously reported on Form 990 over the past two years. Schedule J, Part I, Line 7 The Executive Committee may, at its discretion, award the President a performance award each year in connection with an evaluation of his performance. The evaluation is based upon his accomplishments against goals and objectives during the year. The President may, at his discretion, award employees with a performance award. The Vice President for Development & Alumni Relations and the Head Women's Hockey Coach were both given this award based on an evaluation of their performance. The evaluation is based upon their accomplishments against goals and objectives during the year. A St Lawrence County Industrial Dev Agency Series 2011 272614310 791078AG3 2011-07-28 14754334 Dormitory & Lab Renovations 0 0 0 B St Lawrence County Industrial Dev Agency Series 2012A 272614310 791078AK4 2012-05-21 19060719 Refund 2009 issue and renovate Dormitory 0 0 0 C St Lawrence County Industrial Dev Agency Series 2012B 272614310 791078AL2 2012-05-21 3070770 Dormitory Renovations 0 0 0 D City of Schenectady Industrial Dev Agency Series 2008A 141699509 806476BY2 2008-01-30 5660000 Graduate Center Construction 0 0 0 A 615000 0 14754334 0 0 0 282080 0 0 14472254 0 0 2011 0 0 1 1 B 0 0 19060719 0 0 0 266336 0 0 7942715 10851667 0 2012 1 0 1 1 C 0 0 3070770 0 0 0 57033 0 0 3013737 0 0 2013 0 0 1 1 D 1025000 0 5660000 0 0 0 102500 76890 0 5480610 0 0 2009 0 0 1 1 A 0 0 0 1 1 0.0124 0 0.0124 0 0 1 B 0 0 1 1 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part II, Line 11-05/21/2012 19,060,719 St Lawrence County Industrial Dev Agency Series 2 $10,851,657 was used to refund 2009 mortgage. Schedule K, Part IV, Line 2b-07/28/2011 14,754,334 St Lawrence County Industrial Dev Agency Series 2 The two year spending exception was satisfied. Schedule K, Part IV, Line 2b-05/21/2012 19,060,719 St Lawrence County Industrial Dev Agency Series 2 The two year spending exception was satisfied. Schedule K, Part IV, Line 2b-05/21/2012 3,070,770 St Lawrence County Industrial Dev Agency Series 20 The two year spending exception was satisfied. Schedule K, Part IV, Line 2b-01/30/2008 5,660,000 City of Schenectady Industrial Dev Agency Series 2 The two year spending exception was satisfied. A St Lawrence County Industrial Dev Agency Series 2017 272614310 791078CK2 2017-04-27 33802512 Refund 2003 and 2007 issues and building renovations 0 0 0 A 0 0 33802512 0 0 0 360445 0 0 3829927 22388219 7223921 1 0 0 1 A 0 0 1 1 1 1 0.0301 0.0301 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part II, Line 11-04/27/2017 33,802,512 St Lawrence County Industrial Dev Agency Series 2 $21,147,000 and $1,241,219 was used in refunding of 2007 and 2003 issues, respectively. X 1 Nominal Value X 3 8500 Fair Market Value X 87 1283606 Avg Date of Contribution X Athletic Equipment 1 615 Fair Market Value X Miscellaneous 9 11300 Fair Market Value 0 0 1 1 Schedule M, Part I, Line 32b The University uses a broker to convert gifts of securities to cash. Form 990, Part I, Line 7b Clarkson University's unrelated business taxable income for tax year 2017 included $4,017 in expenses incurred to maintain employee parking spaces on campus. Under Internal Revenue Code Section 512(a)(7), such expenses are included in unrelated business taxable income as amounts paid for disallowed fringes and are therefore reflected in Part I, Line 7b. Part I, Line 7a includes only revenues reported on Part VIII, Column (C) as unrelated business revenue. Form 990, Part III, Line 1 Our primary mission is to educate talented and motivated men and women to become successful professionals through quality pre-collegiate, undergraduate, graduate and professional continuing educational programs, with particular emphasis on the undergraduate experience. Our community and campus settings enhance the quality of student life and afford students access to, and interaction with, their faculty. We value the diversity of our University community, and we strive to attune ourselves and our programs to our global, pluralistic society. We share the belief that humane economic and social development derive from the expansion, diffusion and application of knowledge. Form 990, Part VI, Section A, Line 2 Bayard D Clarkson Sr. and Bayard D Clarkson Jr. are both current Trustees and have a family relationship. Form 990, Part VI, Section B, Line 11b The following process was observed by the University regarding the IRS Form 990: The return was prepared by management with a review performed by a qualifying tax consultant; a draft was presented to the Audit Committee of the Board of Trustees for review and approval; a copy of the final return was distributed to all board members before electronically filing the return with the Internal Revenue Service. Form 990, Part VI, Section B, Line 12c All trustees, officers and key employees are required to annually complete a conflict of interest statement. The statements are reviewed by the chair of the Audit Committee and addressed in governance meetings as needed. Form 990, Part VI, Section B, Line 15 The University's top management official is the President, the Chief Financial Officer is the Treasurer of the corporation, the Vice President for External Relations is the Assistant Secretary to the Board of Trustees and the key employees are as follows: Dean of the Graduate School, Director of Facilities and Services, Dean of the School of Business, Interim Dean of the School of Arts and Sciences, Vice President for Enrollment and Student Advancement, Dean of the School of Engineering and the Vice President for Development and Alumni Relations. The above positions' compensation packages are reviewed by the Compensation Committee of the Board of Trustees' Executive Committee. The committee conducts a comprehensive review by using data from multiple sources (most notably, data from independent compensation consultants, the Association of Independent Technological Universities and the College & University Professional Association of Human Resources) for comparable Universities. Performance input was solicited from the full board and Executive Committee into the Compensation Committee deliberations and documented in the Executive Committee meeting minutes. This process is performed annually. The University believes its procedures regarding executive compensation meet the rebuttable presumption requirements described in regulation section 53.4958-6(c). Form 990, Part VI, Section C, Line 19 The University posts its Conflict of Interest policy on its website in the Operations Manual found under the Human Resources link. The consolidated financial statements are available on the University's website, while the IRS Form 990, Form 990T, and governance documents are made available upon request. Form 990, Part XI, Line 9 Related entity revenue ($180,581). Change to post-retirement benefits ($10,194,913). Change in value of split-interest agreements $430,852. Beacon Institute for Rivers and Estuaries 199 Main Street Beacon NY 12508 141883215 Environmental Education NY 501(c)(3) 170(b)(1)(A)(vi) N/A 1 JR Weston Inc PO Box 333 Potsdam NY 13676 150490300 Hotel NY N/A C 1528231 2822694 1 1 Charitable Remainder Trusts (3) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust NY N/A T 1 Charitable Remainder Trusts (2) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust FL N/A T 1 Charitable Remainder Trusts (2) 8 Clarkson Ave Box 5546 Potsdam NY 13699 Charitable Trust SC N/A T 1 Charitable Remainder Trusts (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust AZ N/A T 1 Charitable Remainder Trusts (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust NJ N/A T 1 Charitable Remainder Trusts (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust MA N/A T 1 Charitable Remainder Trusts (1) 8 Clarkson Ave Box 5546 Potsdam NY 13699 Charitable Trust ME N/A T 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 JR Weston Inc p 257383 Cost Allocation JR Weston Inc q 67748 Cost Allocation Beacon Institute for Rivers and Estuaries c 118420 Actual amount of grant funding received. Charitable Remainder Trusts (3) s 169410 Actual amount received upon termination of Charitable Remainder Trust.