2019-05-15T12:10:26-05:00 2018-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2017-07-01 160743088 NAZARETH COLLEGE OF ROCHESTER NAZA 5853892525 4245 EAST AVENUE ROCHESTER NY 14618 PATRICK E RICHEY VP FOR FINANCE & ADMINISTRATIO 5853892525 2019-05-15 1 RICHARD LEICHT P01378913 5853811000 4.14.157.194 2019-05-15 09:32:34 ED P 23025919B01E351967CFBA1C5A22CB7E3130E6CC 7C54B526804E4E2E5F6203C68DA45B52FD5F8660 2017 2019-02-21 02:37:17Z DAAN BRAVEMAN 4245 EAST AVENUE ROCHESTER NY 14618 130369637 0 X WWW.NAZ.EDU X 1924 NY NAZARETH COLLEGE OF ROCHESTER IS A COEDUCATIONAL, INDEPENDENT COLLEGE THAT CHALLENGES STUDENTS TO RISE TO THEIR POTENTIAL WITH A LIBERAL ARTS AND SCIENCES FOUNDATION, PROFESSIONAL PROGRAMS, EXPERIENTIAL LEARNING, AND INNOVATIVE CURRICULUM THAT ADDRESSES THE CURRENT AND EMERGING NEEDS OF THE WORLD. 32 31 2335 400 108188 8079 15406351 9215785 101551625 107753079 2051827 4040954 852876 1004354 119862679 122014172 28540195 31527771 0 0 44862523 45630200 92550 163097 1583850 34103158 36813585 107598426 114134653 12264253 7879519 256274965 279915123 62742899 77091971 193532066 202823152 X THE MISSION OF NAZARETH COLLEGE IS TO PROVIDE A LEARNING COMMUNITY THAT EDUCATES STUDENTS IN THE LIBERAL ARTS, SCIENCES, VISUAL AND PERFORMING ARTS, AND PROFESSIONAL FIELDS, FOSTERING COMMITMENT TO A LIFE INFORMED BY INTELLECTUAL, ETHICAL, SPIRITUAL, AND AESTHETIC VALUES; TO DEVELOP SKILLS NECESSARY FOR THE PURSUIT OF MEANINGFUL CAREERS; AND TO INSPIRE DEDICATION TO THE IDEAL OF SERVICE TO THEIR COMMUNITIES. NAZARETH SEEKS STUDENTS WHO WANT TO MAKE A DIFFERENCE IN THEIR OWN WORLD AND THE WORLD AROUND THEM, AND ENCOURAGES THEM TO DEVELOP THE UNDERSTANDING, COMMITMENT, AND CONFIDENCE TO LEAD FULLY INFORMED AND ACTIVELY ENGAGED LIVES. 0 0 33414849 89031351 HIGHER EDUCATION INSTRUCTION-REFLECTS EXPENSES DIRECTLY RELATING TO THE DELIVERY OF QUALITY INSTRUCTIONAL PROGRAMS AT THE UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION LEVELS. PROGRAMS OF STUDY ARE DELIVERED THROUGH THE COLLEGE OF ARTS AND SCIENCES, AND SCHOOLS OF EDUCATION, MANAGEMENT AND HEALTH AND HUMAN SERVICES. (2,716 TOTAL STUDENT FTE'S) 31527771 31527771 SCHOLARSHIP PROGRAMS: SCHOLARSHIPS AND GRANTS-REFLECTS THE COMPETITIVE SCHOLARSHIPS, NEED BASED AID, AND HIGHER EDUCATION OPPORTUNITY GRANTS AWARDED TO STUDENTS IN ORDER TO MAKE THE TOTAL COST OF ATTENDANCE MORE AFFORDABLE. (2,716 TOTAL STUDENT FTE'S) 14023712 18391450 AUXILIARY ENTERPRISES-PERTAINS TO THE OPERATIONS OF THE INSTITUTION THAT EXIST TO FURNISH A SERVICE TO STUDENTS, FACULTY, OR STAFF, AND THAT CHARGE A FEE THAT IS DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE SERVICE. AUXILIARY ENTERPRISES ARE MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES. EXAMPLES ARE RESIDENCE HALLS, FOOD SERVICES, AND STUDENT HEALTH SERVICES. (2,716 TOTAL STUDENT FTE'S) 22322326 1057484 ALL OTHER PROGRAM EXPENSES, INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND ARTS CENTER. STUDENT SERVICES PERTAINS TO OFFICES SERVING STUDENTS INCLUDING REGISTAR, STUDENT DEVELOPMENT, CENTER FOR CIVIC ENGAGEMENT, CENTER FOR LIFE'S WORK, ENROLLMENT MANAGEMENT AND CENTER FOR STUDENT SUCCESS. ATHLETIC EXPENSES ARE ALSO REFLECTED IN THIS CATEGORY. ACADEMIC SUPPORT PERTAINS TO LIBRARY SERVICES, ACADEMIC ADVISEMENT, THE CENTER FOR INTERNATIONAL EDUCATION AND THE OFFICES OF THE DEANS, AMONG OTHERS. THE ARTS CENTER IS A PREMIER PRESENTER OF WORLD-CLASS DANCE, MUSIC, CHILDREN'S AND FAMILY THEATRE, AND INTERNATIONAL ENTERTAINMENT. (2,716 TOTAL STUDENT FTE'S) 22322326 1057484 101288658 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 4084 0 2335 1 1 1 1 FR IT 0 0 0 1 1 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY AZ CO FL GA IL LA MA MD MN ND OK OR RI VA WV X PATRICK E RICHEY 5853892525 4245 EAST AVE ROCHESTER NY 14618 SERGIO ESTEBAN CHAIR 2.00 X X 0 0 0 TIMOTHY FOURNIER VICE CHAIR 2.00 X X 0 0 0 JACK ALLOCO TRUSTEE 2.00 X 0 0 0 SHARON BAILEY SSJ TRUSTEE 2.00 X 0 0 0 YOLANDA RAMOS BENITEZ TRUSTEE 2.00 X 0 0 0 STEPHEN BROWN TRUSTEE 2.00 X 0 0 0 BRIAN COOPER TRUSTEE 2.00 X 0 0 0 JAMES COSTANZA TRUSTEE 2.00 X 0 0 0 JOHN DRAIN TRUSTEE 2.00 X 0 0 0 EMIL DUDA TRUSTEE 2.00 X 0 0 0 ANDREW GALLINA TRUSTEE 2.00 X 0 0 0 KENNETH GLAZER TRUSTEE 2.00 X 0 0 0 WARREN HERN TRUSTEE UNTIL 4/1/18 2.00 X 0 0 0 BRIAN HICKEY TRUSTEE 2.00 X 0 0 0 BRIDGETTE HOBART TRUSTEE 2.00 X 0 0 0 RICHARD KAPLAN TRUSTEE 2.00 X 0 0 0 GEORGIA LAMB TRUSTEE 2.00 X 0 0 0 JUDY WILMOT LINEHAN TRUSTEE UNTIL 2/1/18 2.00 X 0 0 0 ELIZABETH MCANARNEY TRUSTEE 2.00 X 0 0 0 KIM MCCLUSKI TRUSTEE UNTIL 8/1/17 2.00 X 0 0 0 STEPHEN NATAPOW TRUSTEE 2.00 X 0 0 0 MITCHELL NUSBAUM TRUSTEE 2.00 X 0 0 0 SANDY PARKER TRUSTEE 2.00 X 0 0 0 LAWRENCE PECKHAM TRUSTEE 2.00 X 0 0 0 RICHARD PIERPONT TRUSTEE 2.00 X 0 0 0 CYNTHIA REDDECK-LIDESTRI TRUSTEE UNTIL 12/1/17 2.00 X 0 0 0 CORAL SURGEON TRUSTEE 2.00 X 0 0 0 DAVID VIGREN TRUSTEE UNTIL 10/1/17 2.00 X 0 0 0 KEITH WILSON TRUSTEE 2.00 X 0 0 0 FRANK YORK TRUSTEE 2.00 X 0 0 0 COLLEEN ARNOLD TRUSTEE 2.00 X 0 0 0 JETT MEHTA TRUSTEE 2.00 X 0 0 0 HIRY WEST TRUSTEE 2.00 X 0 0 0 SUSAN DANAHY TRUSTEE 2.00 X 0 0 0 MICHAEL HESS TRUSTEE 2.00 X 0 0 0 JUSTIN STEVENS TRUSTEE 2.00 X 0 0 0 DAAN BRAVEMAN PRESIDENT 50.00 X X 431480 0 79046 PATRICK RICHEY VICE PRESIDENT FOR FINANCE AND ADMINISTRATION 50.00 X 215050 0 16591 IAN MORTIMER VICE PRESIDENT FOR ENROLLMENT AND STUDENT EXPERIEN 50.00 X 198452 0 16209 KELLY GAGAN VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 50.00 X 191528 0 19440 ANDREA TALENTINO VICE PRESIDENT FOR ACADEMIC AFFAIRS AS OF 3/1/17 50.00 X 159175 0 12967 DIANNE OLIVER DEAN IN COLLEGE OF ARTS & SCIENCES 50.00 X 147689 0 22753 KEVIN WORTHEN VICE PRESIDENT FOR STUDENT DEVELOPMENT 50.00 X 140684 0 24260 BRIGID NOONAN DEAN IN SCHOOL OF HEALTH & HUMAN SERVICES 50.00 X 138374 0 16668 KAREN KUPPINGER CHIEF INFORMATION OFFICER IN INFORMATION TECHNOLOG 50.00 X 136614 0 14530 JO ELLEN PINKHAM ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES 50.00 X 133913 0 14254 RONALD NETSKY PROFESSOR OF ART 50.00 X 125801 0 16271 SARA VARHUS VICE PRESIDENT FOR ACADEMIC AFFAIRS UNTIL 1/20/17 50.00 X 17604 0 1846 2036364 0 254835 24 0 1 0 HARTER SECREST & EMERY LLP 1600 BAUSCH LOMB PLACE ROCHESTER NY 14604 LEGAL SERVICES 328996 ELLUCIAN 62578 COLLECTION CENTER DRIVE CHICAGO IL 60693 SOFTWARE FEES 290727 JMAC PAINTING & CARPENTRY 28 TUXFORD ROAD ROCHESTER NY 14534 PAINTING AND CARPENTRY SERVICES 103214 3 40385 3688894 5486506 357456 9215785 TUITION AND FEES 611310 89031351 89031351 ROOM AND BOARD 611310 17536761 17536761 OTHER AUXILIARY INCOME 611310 736584 725934 10650 PUBLIC SERVICES 611310 448383 377180 71203 107753079 1766938 1766938 58589 58589 118105 0 118105 118105 118105 10554587 8323886 15274 2230701 -15274 2215427 2215427 20700 40385 16305 4395 4395 INDIRECT COST RATE REIMBURSEMENT 900099 46460 46460 835394 809059 26335 881854 122014172 108480285 108188 4209914 31175340 31175340 352431 352431 1926271 700737 836730 388804 33634784 29047525 4096645 490614 2371807 2038260 291231 42316 5142133 4333913 686835 121385 2555205 2142661 350666 61878 412204 412204 95479 95479 163097 163097 840597 840597 1259711 950005 162160 147546 1634172 1055823 578070 279 2611651 1893768 631997 85886 1239819 1192167 42535 5117 6781 6781 6834756 6348098 486658 1230696 1136681 69800 24215 207620 100862 99041 7717 1617971 1514669 103302 9005523 8465192 540331 639008 606808 32200 FOOD SERVICE 4521557 4346050 133226 42281 OTHER 3900787 3146116 754671 ACADEMIC COURSE WAIVERS 755253 734771 17767 2715 114134653 101288658 11262145 1583850 326292 528988 26464725 22390675 9482284 7148182 3104371 2896456 0 0 0 0 1654513 1722406 0 0 709729 1321787 268999683 118756704 139491618 150242979 29152063 33993760 43410551 45735252 0 0 0 0 2478819 13934638 256274965 279915123 8169680 8390153 0 0 1195907 1229177 38712389 53495551 0 0 0 0 0 0 0 0 14664923 13977090 62742899 77091971 X 156030818 164809596 18509064 18115189 18992184 19898367 193532066 202823152 256274965 279915123 X 7879519 2374578 -963011 X X 0 1 X 1 1 1 X 13051546 6612096 5010879 7906351 9215785 41796657 13051546 6612096 5010879 7906351 9215785 41796657 41796657 895381 1095795 1091280 1211900 1825527 6119883 82321 87294 79382 85051 9079 343127 1912572 832512 1065785 825004 809059 5444932 53704599 473602504 0.77830 0.76340 X SCHEDULE A, PART II, LINE 10 OTHER INCOME CONSISTS OF GROSS INCOME FROM FUNDRAISING (NOT INCLUDING CONTRIBUTIONS REPORTED ON LINE 1), COMMISSIONS AND OTHER INCOME NOT REPORTABLE ON SCHEDULE A PART II LINES 1-9. 0 1 0 0 0 0 1 931 1 548 0 1479 0 SCHEDULE C, PART II-B, LINE 1 THE COLLEGE IS A MEMBER OF A REGIONAL CHAMBER OF COMMERCE WHEREAS 10% OF THEIR ACTIVITIES ENGAGE IN STATE AND FEDERAL LOBBYING. IN ADDITION, THE PRESIDENT AS WELL AS AN ADDITIONAL STAFF MEMBER SPENT APPROXIMATELY 7 HOURS IN FISCAL YEAR 2018 ENGAGED IN LOBBYING ACTIVITIES FOR THE COLLEGE. THESE ACTIVITIES INCLUDED PHONE CONVERSATIONS AND MEETINGS WITH LEGISLATORS AND OTHER GOVERNMENT OFFICIALS, SEEKING FEDERAL AND STATE AID FOR NAZARETH COLLEGE INITIATIVES. 65719955 1861568 4816567 942752 2328012 0 69127326 59596542 1258022 8062599 839103 2358105 0 65719955 65163785 1134883 -3449160 954091 2298875 0 59596542 67836654 937528 -490231 978883 2141283 0 65163785 59858988 1697216 9237022 893094 2063478 0 67836654 0.63490 0.27190 0.09320 0 0 8232974 8232974 123830748 39607782 84222966 35189 17596 17593 46856823 34130292 12726531 90043949 45001034 45042915 150242979 45735252 F 45735252 ACCRUED POSTRETIREMENT BENEFIT COSTS 10301827 ASSET RETIREMENT OBLIGATION 2458094 GOVERNMENT LOAN PROGRAM REFUNDABLE ADVANCES 1217169 13977090 92051961 2374578 -31527771 -29153193 121205154 840597 -31579 809018 122014172 81465162 36392 36392 81428770 840597 31865286 32705883 114134653 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -31,527,771. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -15,274. SPECIAL EVENT EXPENSES -16,305. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 15,274. SPECIAL EVENT EXPENSES 16,305. CHANGE IN CHARITABLE ANNUITIES 4,813. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 31,527,771. BAD DEBT EXPENSE FOR PLEDGE RECEIVABLES 337,515. 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 COLLEGE USES ITS WEBSITE AS A MEANS OF PUBLICIZING ITS NON-DISCRIMINATORY POLICY. THE COLLEGE BELIEVES THAT NOTICES SUCH AS THIS, PREVIOUSLY PUBLISHED IN THE NEWSPAPER, ARE MORE EFFECTIVELY COMMUNICATED THROUGH THE USE OF ITS WEBSITE, HIGHLY VISIBLE AND FREQUENTED BY STUDENTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDING FROM THE US DEPARTMENT OF EDUCATION FOR THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL PELL GRANT PROGRAM, AND TEACH GRANTS. NEW YORK STATE FUNDS VARIOUS PROGRAMS SUCH AS: HIGHER EDUCATIONAL OPPORTUNITY PROGRAM, TEACHERS OPPORTUNITY CORP., EISENHOWER GRANT, NYS TAP, NYS EXCELLENCE, AND NYS LOTTERY AND STATE APPROPRIATIONS IN THE FORM OF BUNDY AID AND HIGH NEEDS NURSING AID. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING AWARDED FINANCIAL AID 2500 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING AWARDED FINANCIAL AID 195807 EUROPE 0 0 GRANTMAKING AWARDED FINANCIAL AID 34064 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 36826 NORTH AMERICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 20500 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING AWARDED FINANCIAL AID 30477 SOUTH ASIA 0 0 GRANTMAKING AWARDED FINANCIAL AID 23547 NORTH AMERICA 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 1922 SOUTH AMERICA 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 6788 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENTS 14460041 0 0 0 0 0 0 345643 14466829 14812472 FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 1 2500 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID EAST ASIA AND THE PACIFIC 18 195807 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID EUROPE 2 34064 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 3 36826 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID NORTH AMERICA 1 20500 CREDIT ON THE STUDENT FAIR MARKET VALUE GRADUATE TUITION ASSISTANCE NORTH AMERICA 1 1922 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID RUSSIA AND NEIGHBORING STATES 3 30477 CREDIT ON THE STUDENT FAIR MARKET VALUE GRADUATE TUITION ASSISTANCE SOUTH AMERICA 1 6788 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID SOUTH ASIA 2 23547 CREDIT ON THE STUDENT FAIR MARKET VALUE 0 0 0 1 1 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVING SCHOLARSHIPS ARE CODED SEPARATELY IN THE COLLEGE'S ERP SYSTEM. A REPORT IS GENERATED FROM THE COLLEGE'S ERP SYSTEM DETAILING EACH STUDENT AND THEIR SPECIFIC AWARDS. THIS REPORT IS REVIEWED PERIODICALLY TO MONITOR FUNDS. X X X X X X X 1 EAB 2445 M ST NW WASHINGTON DC 20037 MANAGED DIRECT MAIL SOLICITATIONS 0 0 84352 -84352 RUFFALO NOEL LEVITZ PO BOX 3018 CEDAR RAPIDS IA 52406 MANAGE THE COLLEGE PHONATHON SOLICIATIONS 0 0 78745 -78745 163097 -163097 NY OR ATHLETICS GOLF TOURNAMENT 61085 40385 20700 465 15524 316 61085 40385 20700 465 15524 316 16305 4395 1 COMPETITIVE SCHOLARSHIPS 2013 21682616 GRANTS IN AID 1777 8131394 HIGHER EDUCATION OPPORTUNITY PROGRAM (HEOP) 54 1361330 PART I, LINE 2: ALL COLLEGE SCHOLARSHIPS AND GRANTS ARE AWARDED THROUGH THE FINANCIAL AID PROCESS AND ARE RECORDED AS CREDITS ON THE STUDENTS' ACCOUNTS. THESE AWARDS HELP TO OFFSET THE COST OF TUITION, FEES AND ROOM AND BOARD. THE SCHOLARSHIPS AND GRANTS ARE TRACKED IN THE COLLEGE'S ERP SYSTEM AND MONITORED FOR COMPLIANCE WITHIN THE FINANCIAL AID OFFICE TO COMPLY WITH INTERNAL AND EXTERNAL REGULATIONS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DAAN BRAVEMAN PRESIDENT 332661 0 0 0 98819 0 68050 0 10996 0 510526 0 0 0 PATRICK RICHEY VICE PRESIDENT FOR FINANCE AND ADMIN 202630 0 0 0 12420 0 16210 0 381 0 231641 0 0 0 IAN MORTIMER VICE PRESIDENT FOR ENROLLMENT AND ST 197852 0 0 0 600 0 15828 0 381 0 214661 0 0 0 KELLY GAGAN VICE PRESIDENT FOR INSTITUTIONAL ADV 190024 0 0 0 1504 0 19003 0 437 0 210968 0 0 0 ANDREA TALENTINO VICE PRESIDENT FOR ACADEMIC AFFAIRS 158767 0 0 0 408 0 12561 0 406 0 172142 0 0 0 DIANNE OLIVER DEAN IN COLLEGE OF ARTS & SCIENCES 146969 0 0 0 720 0 11757 0 10996 0 170442 0 0 0 KEVIN WORTHEN VICE PRESIDENT FOR STUDENT DEVELOPME 139724 0 0 0 960 0 13972 0 10288 0 164944 0 0 0 BRIGID NOONAN DEAN IN SCHOOL OF HEALTH & HUMAN SER 137654 0 0 0 720 0 11012 0 5656 0 155042 0 0 0 KAREN KUPPINGER CHIEF INFORMATION OFFICER IN INFORMA 135654 0 0 0 960 0 13565 0 965 0 151144 0 0 0 PART I, LINE 1A SOCIAL CLUB MEMBERSHIPS PROVIDED FOR BUSINESS USE. PART I, LINE 7 PATRICK RICHEY RECEIVED A DEPENDENT TUITION BENEFIT VALUED AT $10,860. KELLY GAGAN RECEIVED A DEPENDENT TUITION BENEFIT VALUED AT $36,787. A MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TBE7 2011-08-04 23765000 NEW CONSTRUCTION OF A BUILDING AND REFUNDING OF 2004B BONDS 1 0 0 B COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY 161005429 610752EK9 2008-01-30 9030000 NEW CONSTRUCTION OF A BUILDING AND REFUNDING OF 2004B BONDS 0 0 0 C MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TFT0 2013-06-13 13905000 REFUNDING OF SERIES 2001 1 0 0 D MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TTW8 2017-12-20 31645000 NEW CONSTRUCTION OF BUILDINGS AND REFUNDING OF 2011 BONDS 0 0 0 A 5805000 15355000 23542430 931722 647870 15000000 2012 0 0 1 1 B 2015000 9030000 335820 8567632 126548 2009 0 0 1 1 C 4060000 14625806 448626 518 2013 1 0 1 1 D 32800499 754213 16613043 829051 14603746 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 JP MORGAN CHASE BANK 30.000000000000 1 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K, PART II, LINE 3, COL A 08/04/2011 23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - BOND ISSUE A, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE DISCOUNT ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL A 08/04/2011 23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL B 01/30/2008 9,030,000 COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL C 06/13/2013 13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL C 06/13/2013 13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERNCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL D 12/20/2017 31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL D 12/20/2017 31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERNCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. SERGIO ESTEBAN BOARD CHAIR 594493 MR. ESTEBAN IS THE CEO OF LABELLA ASSOCIATES. THE COLLEGE'S CONFLICT OF INTEREST POLICY POLICY WAS FOLLOWED AND RESULTED IN LABELLA ASSOCIATES BEING SELECTED FOR A CONTRACT FOR ARCHITECTURAL SERVICES FOR A CURRENT YEAR CAPITAL PROJECT BY ONLY INDEPENDENT BOARD MEMBERS. 0 X 30 357456 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE COMPOSITION CONSISTS OF THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE COLLEGE, AND NO FEWER THAN TWO AND NO MORE THAN FOUR TRUSTEES ELECTED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL SERVE FOR A TERM OF ONE YEAR AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. ALL COMMITTEE MEMBERS ARE ON THE GOVERNING BOARD. SCOPE OF AUTHORITY - THE COMMITTEE SHALL HAVE THE POWER TO ACT WHEN THE BOARD IS NOT IN SESSION, AND MAY EXERCISE ALL THE POWERS OF THE BOARD IN ALL MATTERS WHICH IN THE JUDGMENT OF THE EXECUTIVE COMMITTEE SHOULD NOT BE DELAYED UNTIL THE NEXT MEETING OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL MAKE A FORMAL REPORT OF ITS ACTIONS, IF ANY, TO THE BOARD AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE GOVERNING BODY, REVIEWED THE 2017 FORM 990 IN DETAIL PRIOR TO ITS FILING. AFTER APPROVAL OF THE AUDIT COMMITTEE, BUT PRIOR TO FILING, ACCESS TO THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES VIA SECURE PORTAL. AT THE SAME TIME, EACH TRUSTEE IS NOTIFIED THAT THE RETURN HAS BEEN MADE AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 14 WHILE VARIOUS DEPARTMENTS WITHIN THE COLLEGE HAVE SPECIFIC GUIDELINES THAT THEY FOLLOW RELATED TO DOCUMENT RETENTION AND DESTRUCTION, THERE IS NO INSTITUTION WIDE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE ANNUALLY DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO THE TRUSTEES, OFFICERS, THE ASSISTANT SECRETARY TO THE BOARD AND THE SECRETARY TO THE COLLEGE. THE INFORMATION RECEIVED IS COMPILED, ANALYZED, MAINTAINED AND MONITORED BY THE COLLEGE'S GENERAL COUNSEL. ALL RESULTS ARE FORWARDED TO THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE AUDIT COMMITTEE, THE CHAIR OF THE TRUSTEESHIP COMMITTEE, COLLEGE'S PRESIDENT, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. ON A QUARTERLY BASIS THE CONTROLLER'S OFFICE REVIEWS ALL VENDOR PAYMENTS FOR CONFLICTS AND DISCLOSES ALL ACTIVITY TO THE AUDIT COMMITTEE AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION SUB-COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, MEETS ANNUALLY TO REVIEW THE PRESIDENT'S PERFORMANCE AS COMPARED TO THE GOALS SET FORTH FOR HIM FROM THE PREVIOUS FISCAL YEAR. IN ADDITION, THE SUB-COMMITTEE'S RECOMMENDATIONS ALONG WITH DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT ARE SUBMITTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND ENDORSEMENT. ONCE APPROVED BY THE EXECUTIVE COMMITTEE, THE RECOMMENDATIONS ARE CONSIDERED AND VOTED ON BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. COMPENSATION LEVELS FOR THE VICE PRESIDENTS OF THE COLLEGE ARE DETERMINED ANNUALLY BY THE PRESIDENT, WITH REVIEW AND ENDORSEMENT FROM THE EXECUTIVE COMMITTEE OF THE BOARD. INPUTS INCLUDE PERFORMANCE TO ANNUAL GOALS, AN OVERALL ASSESSMENT OF SIGNIFICANT CONTRIBUTIONS TO AND LEADERSHIP OF THE COLLEGE, AS WELL AS COMPETITIVENESS OF PAY RELATIVE TO COMPARABLE INSTITUTIONS. ON A PERIODIC BASIS, AN INDEPENDENT CONSULTANT IS ENGAGED TO REVIEW FOR EACH VICE PRESIDENT, TO PROVIDE COMPETITIVE MARKET INFORMATION, AND TO RECOMMEND ADJUSTMENTS FOR CONSIDERATION BY THE PRESIDENT AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 431,455. POST RETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST 1,123,447. CHANGE IN CHARITABLE ANNUITIES -4,813. LOSS ON EXTINGUISHMENT OF DEBT -2,513,100. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE TO OVERSIGHT PROCESS OR SELECTION PROCESS RELATED TO INDEPENDENT AUDITORS DURING THE CURRENT YEAR.