2019-04-15T08:56:12-05:00 2018-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2017-06-01 160743040 Hobart and William Smith Colleges % Carolee E White HOBA 3157813337 300 Pulteney Street Geneva NY 14456 CAROLEE WHITE VP FOR FINANCE 3157813337 2019-04-12 true Todd P Teresco P00247720 5184274600 2019-04-12 167.68.102.5 14012520191055000010 2019-04-15 P DCB11F11A70948B4BC98F0CEE6EA1A4076F59685 312FA2736B9E4A89DBAAD0AC879D6B749DE8B5F7 2017 2019-02-21 02:37:17Z Patrick McGuire 337 Pulteney Street Geneva NY 14456 203910956 false X www.hws.edu X 1943 NY HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. 34 32 2326 5002 640814 17503706 14373658 139135853 143888001 12061488 19052637 358605 799082 169059652 178113378 50282427 57055385 0 0 58883323 61444244 0 0 4460641 48878840 50818342 158044590 169317971 11015062 8795407 407007436 417824892 92349357 89044107 314658079 328780785 X HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. false false 142139091 57055385 144324642 HOBART AND WILLIAM SMITH COLLEGES ARE A STUDENT-CENTERED LEARNING ENVIRONMENT IN GENEVA, NY -- THE HEART OF THE FINGER LAKES REGION. THE COLLEGES ARE LOCATED AT THE SHORE OF SENECA LAKE ON A 320-ACRE CAMPUS. HOBART AND WILLIAM SMITH HAVE A COMBINED ENROLLMENT OF APPROXIMATELY 2,229, AND EMPLOY 214 FULL-TIME FACULTY LINES. THIS ALLOWS THE COLLEGES TO MAINTAIN A STUDENT-FACULTY RATIO OF 10:1. MORE THAN 45 MAJORS AND 65 MINORS ARE OFFERED, WHERE A STUDENT CAN OBTAIN A BACHELOR OF ARTS, BACHELOR OF SCIENCE, OR A MASTER OF ARTS IN TEACHING DEGREE. A RICH INTERDISCIPLINARY PROGRAM AND LIMITLESS OPPORTUNITIES FOR SELF-DISCOVERY ARE HALLMARKS OF ACADEMICS AT THE COLLEGES. HOBART AND WILLIAM SMITH ARE ALSO NOTED FOR AN AMBITIOUS EMPHASIS ON INTERNATIONAL STUDY AND FOR PROGRAMS IN COMMUNITY ENGAGEMENT AND SERVICE-LEARNING. APPROXIMATELY 60-PERCENT OF HOBART AND WILLIAM SMITH STUDENTS HAVE THE OPPORTUNITY TO STUDY ABROAD IN NEARLY 50 LOCATIONS AROUND THE WORLD. THE COLLEGES VIEW CIVIC RESPONSIBILITY, COMMUNITY ENGAGEMENT, AND INTERNATIONAL EDUCATION AS INTEGRAL COMPONENTS OF A LIBERAL ARTS EDUCATION. 142139091 true true false true false false false true false true true true false false true true true false true true true false true false false false false true true true true false false false false false false false false true true true true false false false true true true false false true 515 0 true 2326 true true true false false false false true true false false false false X 34 32 false false false false false false false true true false false true true true true true true true false false CA NY X Carolee E White 3157813337 337 Pulteney Street Geneva NY 14456 X MARK GEARAN President (THRU 7/16/17) 60.0 0.0 X X 1477764 0 86953 Thomas Bozzuto Chair 5.0 0.0 X X 0 0 0 Garrett Mathieson Treasurer 5.0 0.0 X X 0 0 0 PATRICK MCGUIRE PRESIDENT (AFTER 4/13/18) 60.0 0.0 X X 0 0 0 Andrew McMaster Jr Vice Chair 5.0 0.0 X X 0 0 0 James B Robinson Secretary 5.0 0.0 X X 0 0 0 Gregory Vincent President (7/17/17 - 4/13/18) 60.0 0.0 X X 212656 0 54219 CYNTHIA GELSTHORPE FISH VICE CHAIR (AFTER 7/17/17) 5.0 0.0 X X 0 0 0 Linda Arrington Trustee 2.0 0.0 X 0 0 0 Cassandra Brooks Trustee 2.0 0.0 X 0 0 0 N Harrison Buck Trustee (THRU 6/30/17) 2.0 0.0 X 0 0 0 Calvin Carver Jr Trustee 2.0 0.0 X 0 0 0 Dr Stephen Cohen Trustee 2.0 0.0 X 0 0 0 Edward Cooper Trustee 2.0 0.0 X 0 0 0 Jeremy Cushman Trustee 2.0 0.0 X 0 0 0 Katherine Elliot Trustee 2.0 0.0 X 0 0 0 Tyler G Fuller Trustee (AFTER 7/01/17) 2.0 0.0 X 0 0 0 Andrew Gaines Trustee 2.0 0.0 X 0 0 0 Aileen Gleason Trustee 2.0 0.0 X 0 0 0 Sydney Gomez Trustee (THRU 6/30/17) 2.0 0.0 X 0 0 0 Zachary Grattan Trustee (THRU 6/30/17) 2.0 0.0 X 0 0 0 William Green Trustee 2.0 0.0 X 0 0 0 Aloysee Heredia Jarmoszuk Trustee 2.0 0.0 X 0 0 0 John J Hogan III Trustee 2.0 0.0 X 0 0 0 Katherine Mackinnon Trustee 2.0 0.0 X 0 0 0 William Margiloff Trustee 2.0 0.0 X 0 0 0 Megan Massey Trustee (THRU 6/30/17) 2.0 0.0 X 0 0 0 Scott Mason Trustee 2.0 0.0 X 0 0 0 Herbert McCooey Jr Trustee 2.0 0.0 X 0 0 0 Gail McGinn Trustee 2.0 0.0 X 0 0 0 Carolyn McGuire Trustee (THRU 6/30/17) 2.0 0.0 X 0 0 0 Brianna Moore Trustee (AFTER 7/01/17) 2.0 0.0 X 0 0 0 Allison Morrow Trustee 2.0 0.0 X 0 0 0 Dr Deborah Pilla Trustee 2.0 0.0 X 0 0 0 Thomas Poole Trustee 2.0 0.0 X 0 0 0 Peter I Resnick Trustee (THRU 6/30/17) 2.0 0.0 X 0 0 0 Rt Rev Prince Singh Trustee 2.0 0.0 X 0 0 0 Craig Stevens Trustee 2.0 0.0 X 0 0 0 Craig Stine Trustee 2.0 0.0 X 0 0 0 Dr Richard Wasserman Trustee 2.0 0.0 X 0 0 0 Christopher Welles Trustee 2.0 0.0 X 0 0 0 William Whitaker Jr Trustee 2.0 0.0 X 0 0 0 Carolee White VP for Finance and CFO 50.0 0.0 X 256390 0 31256 Louis Guard VP and General Counsel 50.0 0.0 X 134205 0 20779 ROBERT FLOWERS VP of Student Affairs 50.0 0.0 X 199279 0 42656 ROBERT MURPHY VP of Enrollment Management 50.0 0.0 X 262814 0 42637 TITILAYO UFOMATA THRU 71717 PROVOST/DEAN OF FACULTY 50.0 0.0 X 279055 0 36267 Eugen Baer Hobart Dean (THRU 5/14/18) 50.0 0.0 X 158051 0 28524 Alfred Damiano VP FOR STR. INITIATIVES & CIO 50.0 0.0 X 205084 0 64346 Leila Rice Assoc. VP for Advancement 50.0 0.0 X 161057 0 26693 ROBERT O'CONNOR VP FOR ADVANCEMENT 50.0 0.0 X 209360 0 37601 Sonya Williams VP FOR HUMAN RESOURCES 50.0 0.0 X 163310 0 30624 3719025 0 502555 83 false true false Sodexo Inc Affiliates 9801 Washington Boulevard Gaithersbeurg MD 20878 Plant/Dining/Mgmt 13249761 Welliver Mcguire 250 N Genesee Street Montour Falls NY 14865 General Contractor 2867711 RustOn Paving Company 6228 Collett Road Farmington NY 14425 General Contractor 721065 Diamond ThIEl Construction Co I 408 North Midler Ave Syracuse NY 13206 General Contractor 653671 James Nardozzi 124 North Genesee St Geneva NY 14456 Landscape/Masonry 568487 33 2599254 11774404 2661258 14373658 Tuition and Fees 611600 117754398 117754398 Residence Halls 721310 13348255 13348255 Dining Services 722320 10052883 10052883 Bookstore 451211 1701037 1701037 Other Program Service Revenue 1031428 1031428 143888001 3912540 277163 3635377 0 0 7770 4077 3693 0 3693 3693 40933598 25793501 15140097 15140097 4903 15135194 0 0 0 0 0 0 0 0 0 CONFERENCES AND CAMPS 900099 749968 436641 313327 Sport and Rec Center Memberships 713940 45421 45421 795389 178113378 142623605 640814 20475301 255492 255492 53468911 53468911 3330982 3330982 0 2792250 758647 1772661 260942 288294 169804 55000 63490 44411490 34996250 7018831 2396409 3801333 2949209 628759 223365 6915827 5365544 1143911 406372 3235050 2447109 602603 185338 0 856213 856213 350963 350963 0 0 791344 791344 9504440 5429093 3986633 88714 91554 48879 42283 392 2980088 1751263 930940 297885 900702 523137 353417 24148 0 13082080 12542644 378651 160785 2624019 2155161 280006 188852 0 1229577 634689 481040 113848 2056226 1932852 123374 0 7113435 6519484 593951 1320412 14216 1306196 MISC GLOBAL ED 2973002 2973002 MISC BOOKSTORE 1160518 1160518 MISC ATHLETICS 957427 957427 MISC LIBRARY 1082354 1082354 1743988 672424 1021463 50101 169317971 142139091 22718239 4460641 0 0 14013150 7769817 4490491 4955899 2171958 1452330 0 0 0 0 2075538 1948515 0 0 2548242 1950844 297723351 141144432 156020469 156578919 115983738 136460029 109703850 106708539 0 0 0 0 0 0 407007436 417824892 11558545 10408878 119429 192419 3983751 5955097 63744798 61538629 0 0 0 0 1542000 1354500 0 0 11400834 9594584 92349357 89044107 X 125503175 123130055 54908845 67575930 134246059 138074800 314658079 328780785 407007436 417824892 X 8795407 4298378 1028921 X false true X true true true X 19717295 12969820 11853753 17503706 14373658 76418232 0 0 19717295 12969820 11853753 17503706 14373658 76418232 8865155 67553077 2683159 3566166 2453801 4055533 3912540 16671199 655423 565240 272500 379272 358748 2231183 0 95320614 686594819 0.70869 0.73980 X false false false false false false false false false false LOBBYING ACTIVITY THE COLLEGES DO NOT DIRECTLY ENGAGE IN LOBBYING ACTIVITY. HOWEVER, A PORTION OF THE DUES PAID TO PROFESSIONAL ORGANIZATIONS ARE DESIGNATED FOR LOBBYING BY SUCH PROFESSIONAL ORGANIZATIONS. X X X false 198893217 4203389 22232760 4562068 6639788 -220010 214347520 175006996 3656971 29647633 5045770 4634758 -262145 198893217 199977634 2945915 -9722815 4322255 4625457 9246026 175006996 202413144 2830972 2899627 3540796 4740131 -114818 199977634 181787616 10440768 17950223 2916692 4858893 -10122 202413144 0.11000 0.63000 0.26000 false false 0 3566191 3566191 0 202487688 75260522 127227166 0 14671195 6983403 7687792 0 55259355 43088912 12170443 0 21738922 15811595 5927327 156578919 CASH AND CASH EQUIVALENTS 9118666 F REAL ESTATE 8050677 F PRIVATE EQUITY 15273927 F HEDGE FUNDS 72082801 F OTHER 2182468 F 106708539 0 REFUNDABLE ADVANCES FROM GOV'T 1862846 ASSET RETIREMENT OBLIGATIONS 2736599 FAIR VALUE OF SWAP AGREEMENT 4995139 9594584 X 124175913 4298378 -57449043 -53150665 177326578 790877 -4077 786800 178113378 110053210 4077 4077 110049133 790877 58477961 59268838 169317971 Schedule D, PART III, LINE 1A HOBART AND WILLIAM SMITH COLLEGES' COLLECTIONS OF ART ARE NOT RECORDED IN THE FINANCIAL STATEMENTS. THEY ARE PROTECTED, PRESERVED AND MAINTAINED FOR PUBLIC EXHIBITION AND EDUCATION PURPOSES. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALE TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS SCHEDULE D, PART III, LINE 4 HOBART AND WILLIAM SMITH COLLEGES' ART COLLECTIONS ARE NOT RECORDED ON THE AUDITED FINANCIAL STATEMENTS. THEY ARE PROTECTED, PRESERVED, AND MAINTAINED FOR PUBLIC EXHIBITION, RESEARCH, AND EDUCATIONAL PURPOSES, FOR BOTH HOBART AND WILLIAM SMITH COLLEGES AND THE BROADER COMMUNITY. THE COLLECTIONS POLICY STATES THAT ANY PROCEEDS FROM THEIR SALE, THROUGH DEACCESSIONING, CAN ONLY BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS, IN FOLLOWING THE GUIDELINES OF THE AMERICAN ALLIANCE OF MUSEUMS (AAM) AND THE ACADEMIC ASSOCIATION OF MUSEUMS AND GALLERIES (AAMG). SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE LONG-TERM ASSETS OF THE COLLEGES CREATED EITHER BY DONOR GIFTS OR BY ACTIONS OF THE BOARD OF TRUSTEES. THEIR PURPOSE IS TO GENERATE, IN PERPETUITY, OPERATING REVENUE FOR SPECIFIC ACTIVITIES OR FOR THE USE OF THE COLLEGES. ENDOWMENT FUNDS ARE INVESTED UNDER DIRECTION OF THE BOARD OF TRUSTEES TO ACHIEVE MAXIMUM LONG-TERM TOTAL RETURN WITH PRUDENT CONCERN FOR THE PRESERVATION OF INVESTMENT CAPITAL. PART X, LINE 2 ASC 740 (FIN48) FOOTNOTE: THE COLLEGES ARE A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND ARE GENERALLY EXEMPT FROM INCOME TAX ON RELATED INCOME. THE COLLEGES RECOGNIZE THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE COLLEGES BELIEVE THEY HAVE TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. Part XI, Line 2d FINANCIAL AID $(56,799,893) CHANGE IN FAIR VALUE OF SWAP AGREEMENT $ 1,028,918 OTHER CHANGES, NET $ (1,678,068) TOTAL $(57,449,043) Part XI, Line 4b RENT EXPENSE $ (4,077) Part XII, Line 2D RENT EXPENSE $ 4,077 Part XII, Line 4b FINANCIAL AID $ 56,799,893 OTHER CHANGES, NET $ 1,678,068 FINANCIAL AID $ 58,477,961 true true true true true true true false false false false false false false false true false true Schedule E, LINE 3 HOBART AND WILLIAM SMITH COLLEGES HAVE PUBLICIZED OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR SOLICITATIONS FOR STUDENTS. APPLICANTS ARE RECRUITED THROUGH THE AID OF DIRECT MAIL AND ELECTRONIC DOCUMENTS, GENERAL COLLEGE PUBLICATIONS FREELY ACCESSIBLE TO THE COMMUNITY, ADVERTISEMENTS IN REGIONAL AND GENERAL INTEREST PUBLICATION AND THE COLLEGES' WEBSITE WWW.HWS.EDU. SCHEDULE E, LINE 6 HOBART AND WILLIAM SMITH COLLEGES RECEIVES STATE AND FEDERAL FUNDING IN RELATION TO STUDENT FINANCIAL ASSISTANCE, RESEARCH AND DEVELOPMENT, AND OTHER EDUCATION RELATED FUNCTIONS ALL USED TO FULFILL THE MISSION OF THE COLLEGE. true Sub-Saharan Africa 1 Program Services OFF CAMPUS STUDY 23000 East Asia and the Pacific Program Services OFF CAMPUS STUDY 310000 Europe (Including Iceland and Greenland) 1 8 Program Services OFF CAMPUS STUDY 2257000 Middle East and North Africa Program Services OFF CAMPUS STUDY 61000 Russia and the Newly Independent States Program Services OFF CAMPUS STUDY 3000 Central America and the Caribbean Program Services OFF CAMPUS STUDY 67000 South Asia Program Services OFF CAMPUS STUDY 43000 North America Program Services OFF CAMPUS STUDY 1000 South America 2 Program Services OFF CAMPUS STUDY 31000 Central America and the Caribbean Investments 61678000 Europe (Including Iceland and Greenland) Investments 15442000 Central America and the Caribbean Grantmaking SCHOLARSHIPS 20100 East Asia and the Pacific Grantmaking SCHOLARSHIPS 415872 Europe (Including Iceland and Greenland) Grantmaking SCHOLARSHIPS 2766625 Middle East and North Africa Grantmaking SCHOLARSHIPS 57850 Sub-Saharan Africa Grantmaking SCHOLARSHIPS 70535 1 11 1 11 83246982 83246982 Scholarships/US Citizens studying abroad Central America and the Caribbean 1 20100 Acct. Credit Scholarships/US Citizens studying abroad East Asia and the Pacific 29 415872 Acct. Credit Scholarships/US Citizens studying abroad Europe (Including Iceland and Greenland) 174 2766625 Acct. Credit Scholarships/US Citizens studying abroad Middle East and North Africa 4 57850 Acct. Credit Scholarships/US Citizens studying abroad Sub-Saharan Africa 4 70535 Acct. Credit true false true true true false SCHEDULE F, PART I, LINE 3, COLUMN F EXPENDITURES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. INVESTMENTS ARE REPORTED AT THEIR FAIR MARKET VALUE. Schedule F, PART I, LINE 2 HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. true CITY OF GENEVA FIRE DEPARTMENT 79 GENEVA STREET GENEVA NY 14456 161057736 GOV'T 20000 CONTRIBUTION CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 180192 CONTRIBUTION GENEVA CONCERTS INC PO BOX 709 GENEVA NY 14456 161099230 501(C)(3) 10000 CONTRIBUTION The Boule Foundation 260 Peachtree St Atlanta GA 30303 Atlanta GA 30303 341304336 501(C)(3) 25000 GALA TABLE SPONSORSHIP ALPHA PHI ALPHA FRATURNITY INC PO BOX 93093 ROCHESTER NY 14692 362105176 CORP 20300 STUDENT REGISTRATION/MEMBERSHIPS 4 1 Scholarships 1796 53468911 Schedule I, PART I, LINE 2 HOBART AND WILLIAM SMITH COLLEGES OFFER GRANTS TO STUDENTS ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND/OR ACADEMIC ACHIEVEMENT. STUDENTS AND THEIR FAMILIES SUBMIT STANDARDIZED APPLICATION MATERIALS TO THE OFFICE OF FINANCIAL AID, WHICH OVERSEES THE PROCESS OF AWARDING SUCH GRANTS. ELIGIBILITY CRITERIA FOR THE VARIOUS GRANTS IS ESTABLISHED BY THE COLLEGES. THE COLLEGES CREDIT THE TUITION ACCOUNTS OF THE STUDENTS WHO ARE AWARDED FINANCIAL AID GRANTS. X X X X X true true X X X X false false false false false false false false false MARK GEARAN President (THRU 7/16/17) 301374 0 0 0 1176390 0 26500 0 60453 0 1564717 0 0 0 Gregory Vincent President (7/17/17 - 4/13/18) 189230 0 0 0 23426 0 8068 0 46151 0 266875 0 0 0 Carolee White VP for Finance and CFO 224569 0 0 0 31821 0 17257 0 13999 0 287646 0 0 0 Louis Guard VP and General Counsel 134128 0 0 0 77 0 13089 0 7690 0 154984 0 0 0 ROBERT FLOWERS VP of Student Affairs 199018 0 0 0 261 0 20079 0 22577 0 241935 0 0 0 ROBERT MURPHY VP of Enrollment Management 259106 0 0 0 3708 0 26394 0 16243 0 305451 0 0 0 TITILAYO UFOMATA THRU 71717 PROVOST/DEAN OF FACULTY 252038 0 0 0 27017 0 12809 0 23458 0 315322 0 0 0 Eugen Baer Hobart Dean (THRU 5/14/18) 155431 0 0 0 2620 0 15512 0 13012 0 186575 0 0 0 Alfred Damiano VP FOR STR. INITIATIVES & CIO 204310 0 0 0 774 0 21119 0 43227 0 269430 0 0 0 Leila Rice Assoc. VP for Advancement 160752 0 0 0 305 0 15975 0 10718 0 187750 0 0 0 ROBERT O'CONNOR VP FOR ADVANCEMENT 209090 0 0 0 270 0 21392 0 16209 0 246961 0 0 0 Sonya Williams VP FOR HUMAN RESOURCES 142506 0 0 0 20804 0 7499 0 23125 0 193934 0 0 0 SCHEDULE J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: PRESIDENT VINCENT WAS PROVIDED FIRST-CLASS TRAVEL FOR MEDICAL REASONS ON CERTAIN BUSINESS TRIPS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PRESIDENT GEARAN, PRESIDENT VINCENT, DR. BAER, AND DR. UFOMATA ARE PROVIDED HOUSING AS A CONDITION OF THEIR EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGES. THE FAIR MARKET VALUE OF THE HOUSING ALLOWANCE IS INCLUDED AS A NON-TAXABLE BENEFIT IN SCHEDULE J, COLUMN (D). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PRESIDENTS GEARAN AND VINCENT RECEIVED MEMBERSHIPS TO SOCIAL CLUBS FOR THE PURPOSES OF MEETING AND ENTERTAINMENT OF ALUMNI AND OTHER GUESTS OF THE COLLEGES. PRESIDENT VINCENT ALSO RECEIVED THE BENEFIT OF ORGANIZATION DUES PAID BY THE COLLEGE. THE VALUE OF THE SOCIAL CLUB AND ORGANIZATIONAL DUES ARE INCLUDED SCHEDULE J, COLUMN (D) AS A NONTAXABLE BENEFIT. PERSONAL SERVICES: PRESIDENTS GEARAN AND VINCENT, AND DR. UFOMATA RECEIVED PERSONAL SERVICES WITH THE MAJORITY OF THESE SERVICES PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND INCURRED IN CONNECTION WITH MAINTAINING THE RESIDENCES OWNED BY THE COLLEGE. THE VALUE OF PERSONAL SERVICES PROVIDED IS INCLUDED IN SCHEDULE J, COLUMN (D) AS NONTAXABLE BENEFITS. SCHEDULE J, PART II, LINE 1 PRESIDENT GEARAN BEGAN HIS TENURE AS PRESIDENT ON JULY 23, 1999. AS PART OF HIS OVERALL COMPENSATION AGREEMENT WITH THE COLLEGES, THE BOARD OF TRUSTEES GRANTED PRESIDENT GEARAN A SEPARATION PAYMENT IN 2012 WHICH INDICATED CERTAIN AMOUNTS HE WOULD BE ELIGIBLE TO RECEIVE BASED ON HIS DATE OF SEPARATION FROM THE COLLEGES. THE AMOUNTS COVERED A FIVE YEAR PERIOD BETWEEN JULY 1, 2012 AND JULY 1, 2016 AND WERE IN RECOGNITION OF HIS SIGNIFICANT PAST CONTRIBUTIONS AND THE INVALUABLE ASSISTANCE HE PROVIDED DURING HIS LONG-STANDING TENURE WITH THE COLLEGES. WHEN PRESIDENT GEARAN DEPARTED IN JULY 2017, HE RECEIVED A $475,000 SEPARATION PAYMENT BASED UPON THE PREVIOUS BOARD RESOLUTION. PRESIDENT GEARAN ALSO RECEIVED PAYMENTS OF APPROXIMATELY $524,000 (PLUS ADDITIONAL BENEFIT RELATED PAYMENTS) IN CALENDAR 2017 FOR THE ADVISORY AND TRANSITIONAL SERVICES HE AGREED TO PROVIDE FROM JULY 2017 THROUGH JUNE 2018 IN ORDER TO FACILITATE A SMOOTH TRANSITION OF HIS DUTIES AND RESPONSIBILITIES. A CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) 161266095 372175bt5 2007-12-12 31250000 CAPITAL PROJECTS false false false B CITY OF GENEVA DEV CORP REVENUE (SERIES 2012) 800820946 37217PAQ8 2012-06-28 29942818 REFUNDING OF SERIES 2001 AND 2003 false false false C CITY OF GENEVA DEV CORP REVENUE (SERIES 2014) 800820946 37217PBN4 2014-03-20 15416105 CAPITAL PROJECTS false false false A 6450000 0 31250000 0 0 0 475688 357585 0 29974498 442229 0 2011 false false true true B 5785000 0 29942818 0 0 0 435838 0 0 0 29506980 0 2013 true true true true C 695000 0 15416105 0 0 0 308322 0 0 15000570 107213 0 2016 false false true true A false false true true false 0 0.01789 0.01789 false false false true B false false true true false 0 0.00317 0.00317 false false false true C false false true true false 0 false false false true A false false false true true true RBC CAPITAL MARKETS 30. true false false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true A true B true C true PART I, LINE C, COLUMN (C) THE CITY OF GENEVA DEVELOPMENT CORP. REVENUE (SERIES 2014) BOND ISSUE HAS TWO ASSOCIATED CUSIP NUMBERS: 37217PBN4 & 37217PBP9. PART II, LINE 11: OTHER SPENT PROCEEDS Col A - $442,229 NYS bond issuance charge, issuer administrative fee per Form 8038 Col B - $192,204 issuer administrative fee per Form 8038 - $29,314,776 was used to refund prior bond issues Col C - $107,313 issuer administrative fee per Form 8038 PART IV, QUESTION 2C Col A - THE 2007 SERIES REBATE CALCULATION WAS PERFORMED ON 5/9/2013 AND NO REBATE WAS DUE. Col B - THE 2012 SERIES REBATE CALCULATION WAS PERFORMED ON 6/28/2012 AND NO REBATE WAS DUE. Col C - THE 2014 SERIES REBATE CALCULATION WAS PERFORMED ON 6/24/2016 AND NO REBATE WAS DUE. KATIE FLOWERS SPOUSE OF KEY EMPLOYEE 74104 EMPLOYEE AT THE COLLEGES false SUSAN CUSHMAN SPOUSE OF TRUSTEE 77862 EMPL0YEE AT THE COLLEGES false SUBSTANTIAL CONTRIBUTOR SERVICE PROVIDER 15130901 SERVICE CONTRACT false KIM VINCENT SPOUSE OF PRESIDENT 90676 EMPLOYEE AT THE COLLEGES false MICHAEL GUARD SIBLING OF OFFICER 45652 EMPLOYEE AT THE COLLEGES false PART IV, LINE 4 KIM VINCENT, SPOUSE OF A PRESIDENT, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $55,000 INCLUDED IN PART IV, COLUMN C. X 1 0 X 85 2661258 FMV 0 false false true PART I, LINE 32A HOBART AND WILLIAM SMITH COLLEGES HAVE AN AGREEMENT IN PLACE WITH A SECURITY BROKER TO PROCESS AND SELL STOCK GIFTS AS SOON AS THEY ARE RECEIVED. FORM 990, PART I, LINE 7B THE COLLEGES' UNRELATED BUSINESS TAXABLE INCOME FOR TAX YEAR 2017 INCLUDED $2,504 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. FORM 990, PART VI, SECTION A, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY THE COLLEGES' MANAGEMENT IN CONJUNCTION WITH THE EXTERNAL AUDIT AND TAX ADVISORS AND PROVIDED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM IS REVIEWED AND CORRECTIONS OR CHANGES ARE MADE AS NECESSARY. A FINAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ON A DISCLOSURE STATEMENT. AT THIS TIME A RIGOROUS PROCESS OF REVIEWING THE DISCLOSURES IS UNDERTAKEN BY THE ASSISTANT SECRETARY AND CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE CONFLICTS ARE TIMELY DEALT WITH IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (OMITTING THE PRESIDENT FOR THIS PURPOSE) IS COMPRISED OF MEMBERS WITHOUT A CONFLICT OF INTEREST. THIS COMMITTEE REVIEWS THE COMPENSATION FOR THE PRESIDENT. AN ANNUAL PROCESS OF ASSESSING THE PRESIDENT'S PERFORMANCE AND REVIEWING COMPARATIVE COMPENSATION DATA IS PERFORMED IN ORDER TO RECOMMEND COMPENSATION CHANGES. A MOTION TO BE APPROVED BY THE FULL BOARD IS DRAFTED BY THE EXECUTIVE COMMITTEE AFTER THE REVIEW PROCESS. THE DISCUSSIONS OF THE COMMITTEE AND FULL BOARD ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. THE COLLEGES MEET THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. FORM 990, PART VI, SECTION C, LINE 19 HOBART AND WILLIAM SMITH COLLEGES MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGES' WEBSITE. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP $1,028,918 ROUNDING $ 3 TOTAL $1,028,921 CHARITABLE REMAINDER TRUST (6) CRUT/CRAT NY NA Trust true POOLED INCOME FUND POOLED INCOME NY NA Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND S 145911 CASH