2018-05-14T13:29:38-05:00 2017-06-30 141555429 UHY Advisors NY Inc 4 Tower Place Executive Park 7th Floor Albany NY 12203 990 2016-07-01 141338371 The College of Saint Rose COLL 5184542066 432 Western Avenue Albany NY 12203 DEBRA LEE POLLEY Treasurer 5184542066 2018-05-07 1 Marilyn Pendergast P01342414 5184493166 2018-05-07 2016 2022-09-23 18:48:47Z Dr Carolyn J Stefanco 432 Western Avenue Albany NY 12203 157975036 0 X www.strose.edu X 1920 NY TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES. 32 32 2059 770 0 0 9156085 8227912 106520793 107485511 1255578 1161585 841224 1088267 117773680 117963275 42351395 45244339 0 0 46678575 44294128 0 103189 1971866 33470977 32107750 122500947 121749406 -4727267 -3786131 190595886 187149017 73800461 70772761 116795425 116376256 X The College of Saint Rose community engages highly motivated undergraduate and graduate students in rigorous educational experiences. In the progressive tradition of the founding Sisters of St. Joseph of Carondelet, we welcome men and women from all religious and cultural backgrounds. In addition to developing their intellectual capacities, students have the opportunity to cultivate their creative and spiritual gifts in a diverse learning community that fosters integrity, interdependence, and mutual respect.The College delivers distinctive and comprehensive liberal arts and professional programs that inspire our graduates to be productive adults, critical thinkers, and motivated, caring citizens. Our engagement with the urban environment expands the setting for educational opportunities and encourages the Saint Rose community's energetic involvement and effective leadership in society. 0 0 106623825 45244339 91280915 THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 106623825 1 0 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 128 0 1 2059 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBRA LEE POLLEY 5184542066 432 western ave albany NY 12203 Ms Michelle Borisenok TRUSTEE 0.50 X 0 0 0 Ms Rita B Crotty TRUSTEE 5.00 X 0 0 0 Ms Rita F Dillon TRUSTEE 3.00 X 0 0 0 Sr MARGARET M EDIC CSJ TRUSTEE 2.00 X 0 0 0 Mr Timothy John Fenton TRUSTEE 0.50 X 0 0 0 SR ELIZABETH GIARRUSSO CSJ TRUSTEE 8.00 X 0 0 0 Mr Ryan P Halliday TRUSTEE 1.00 X 0 0 0 SR KATHERINE HANLEY CSJ TRUSTEE 2.00 X 0 0 0 MR GEORGE R HEARST III TRUSTEE 1.00 X 0 0 0 The Most Rev Howard J Hubbard DD TRUSTEE 0.50 X 0 0 0 Mrs Julie Massry Knox TRUSTEE 0.50 X 0 0 0 Sr Joan Lescinski CSJ TRUSTEE 1.00 X 0 0 0 Dr Matthew H Mataraso TRUSTEE 6.00 X 0 0 0 Mr Lee McElroy TRUSTEE 0.50 X 0 0 0 Ms Tonita McKone TRUSTEE 0.50 X 0 0 0 Mr Michael Miller TRUSTEE 0.50 X 0 0 0 Mr Daniel P Nolan TRUSTEE 2.50 X 0 0 0 Mr Kevin O'Connor TRUSTEE 12.50 X 0 0 0 Dr Kathleen S Ricker TRUSTEE 3.00 X 0 0 0 Mr James J Sandman TRUSTEE 2.00 X 0 0 0 Mr Gregory V Serio TRUSTEE 0.50 X 0 0 0 Sr Patricia St John CSJ TRUSTEE 3.00 X 0 0 0 Mr Charles Touhey TRUSTEE 0.50 X 0 0 0 Sr Miriam Ukeritis CSJ TRUSTEE 0.75 X 0 0 0 Sr J Elizabeth Van Deusen CSJ TRUSTEE 1.00 X 0 0 0 Ms Marcia A White TRUSTEE 1.00 X 0 0 0 Mr Harold L Williams TRUSTEE 4.00 X 0 0 0 Sr Diane P Zigo CSJ TRUSTEE 0.50 X 0 0 0 Ms JUDITH CALOGERO CHAIR 0.50 X 0 0 0 Sr Mary Anne Heenan CSJ FIRST VICE CHAIR 3.50 X 0 0 0 Mr I NORMAN MASSRY SECOND VICE CHAIR 0.50 X 0 0 0 Mr Jeffrey D Stone SECRETARY 1.00 X 0 0 0 Dr Carolyn Stefanco President 40.00 X 328871 0 120 Ms Debra Lee Polley VP Finance/Admin/Treasurer 40.00 X 173195 0 11958 Ms Mary Grondahl VP Enrollment Mgmt 40.00 X 179644 0 15818 Ms Nancy Williamson Corporate Secretary/General Counsel 40.00 X 206573 0 10861 Ms Barbara Schirmer Interim Provost and VP for Academic Affairs 40.00 X 218058 0 494 Mr Ian Farrell VP for Institutional Advancement 40.00 X 180332 0 10848 Mr John Avitabile Faculty Member 40.00 X 148124 0 12286 Ms Suzanne Wilhelm Dean of the School of Business 40.00 X 148083 0 4496 Ms Margaret McLane Dean of the School of Education 40.00 X 125913 0 9329 Dr R Mark Sullivan FACULTY/FORMER PRESIDENT 40.00 X 150979 0 6143 Mr Dennis McDonald VP Student Affairs/FORMER OFFICER 40.00 X 122455 0 12286 1982227 0 94639 28 1 1 0 Aramark Corporation PO Box 198532 atlanta GA 30384 Maint/Food Service 3467143 Royall & Company 1001 PATTERSON AVE RICHMOND VA 23238 Student Search Services 943355 BARTLEY & DICK 330 WEST 38TH ST SUITE 1401 NEW YORK NY 10018 PROFESSIONAL SERVICES 786000 Usherwood Office Technology 1005 W Fayette Street Syracuse NY 13204 mail printing services 444227 Integrated Security & Communication 5 commerce way Hamilton NJ 08691 Equipment Updgrades & Maintenance 357363 18 5689756 2538156 236195 8227912 TUITION AND FEES 611710 91280915 91280915 AUXILIARY SERVICES 900099 16204596 16204596 107485511 484800 484800 40688546 40007417 4344 681129 -4344 676785 676785 OTHER REVENUE 900099 1088267 1088267 1088267 117963275 91280915 0 18454448 44895266 44895266 349073 349073 1148636 3900 1144736 33920578 30070252 2983453 866873 134251 110832 21771 1648 6521356 5478815 876879 165662 2569307 2176807 321716 70784 440128 440128 116985 116985 127432 127432 14334 14334 103189 103189 3467143 3467143 379835 86022 287944 5869 1974519 1725996 208180 40343 1268193 334316 932049 1828 1018744 846390 149885 22469 420654 317702 85311 17641 2165332 1770087 343718 51527 7221752 5903544 1146358 171850 776225 634538 123216 18471 Other Contractual Servi 3310923 1422995 1768663 119265 EDUCATIONAL 2408963 2408963 Admin and General 1763812 1763812 Utilities 1761094 1513310 215481 32303 3471682 2667746 521792 282144 121749406 106623825 13153715 1971866 5946910 7005386 3166949 2245556 3390678 3509545 1188495 1362870 235677307 116479674 124488840 119197633 27619644 31926719 24310675 21374951 483695 526357 190595886 187149017 12082855 10886638 792956 932630 58178706 56559225 1589242 1360071 1156702 1034197 73800461 70772761 X 95361551 92968634 6743309 8914420 14690565 14493202 116795425 116376256 190595886 187149017 -3786131 3366962 0 X 0 1 X 1 1 1 X 11483838 9927247 12136593 9156085 8227912 50931675 11483838 9927247 12136593 9156085 8227912 50931675 46056 50885619 493507 559449 407392 447399 484800 2392547 748670 1243718 969744 841224 1088267 4891623 58215845 527646565 0.87410 0.88070 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE COLLEGE QUALIFIES AS A PUBLIC CHARITY AS A SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II). SCHEDULE A, PART II (SUPPORT SCHEDULE) HAS BEEN COMPLETED TO DEMOSTRATE ELIGIBILITY TO REPORT CONTRIBUTIONS ON SCHEDULE B UNDER THE APPLICABLE SPECIAL RULE. 1 1 0 0 0 0 1 6579 1 2955 0 9534 0 Part II-B, Line 1: The College lobbied the New York State Executive, Legislative Branches and the New York State Higher Education Services Corporation regarding financial aid allocation for higher education in New York State. The College held an educational session for regional private college Presidents, and talked with and sent correspondence to New York State Assembly persons and New York State Senators regarding the inclusion of the Excelsior Scholarship in the New York State 2018 budget. 172982 X X 0 39278799 25663 4333993 1349220 42289235 41855559 288979 -1645904 -1219835 39278799 42001304 1387847 -379774 -1153818 41855559 36206100 616467 5743241 -564504 42001304 31925068 1136376 3456288 -311632 36206100 0.48740 0.34270 0.16990 0 0 1974545 1974545 196448970 81868177 114580793 34927969 32659185 2268784 2325823 1952312 373511 119197633 PRIVATE HEDGE FUND 7957537 F PRIVATE EQUITY FUND 800175 F REAL ESTATE 2205827 F LIMITED PARTNERSHIP 615885 F Bond Fund 2326784 F CASH AND CASH EQUIVALENTS 7468743 F 21374951 U.S. Government Advances 1034197 1034197 X 82445733 3366962 3366962 79078771 38884504 38884504 117963275 82864902 0 82864902 38884504 38884504 121749406 Part III, Line 4: DESCRIPTION OF ART, ETC., COLLECTIONS AND CONTRIBUTION TO EXEMPT PURPOSE: COLLECTIONS OF ART AND HISTORICAL MATERIALS ARE USED TO ENRICH THE LIBERAL ARTS EDUCATION PROVIDED BY THE COLLEGE. Part V, Line 4: INTENDED USES OF ENDOWMENT FUNDS: The primary uses of the endowment are scholarships and awards (based on donor agreement), to fund necessary capital projects, and to address other needs of the college as approved by the Board of Trustees. Part X, Line 2: FIN 48 (ASC 740) FINANCIAL STATEMENTS NOTE RELATED TO UNCERTAIN TAX POSITIONS: The College believes that there are no uncertain tax positions that are material to the financial statements. The College has no federal or state informational returns that are currently under examination by the Internal Revenue Service ("IRS") or state authorities. Part XI, Line 4b - Other Adjustments: INSTITUTIONAL AID 38,884,504. Part XII, Line 4b - Other Adjustments: INSTITUTIONAL AID 38,884,504. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Policy is published in student handbook and other college publications, as well as the college's website. Schedule E, Part I, Line 6 THE COLLEGE RECEIVES GRANTS FROM THE FEDERAL GOVERNMENT TO HELP ACHIEVE AND FURTHER ITS EDUCATIONAL MISSION. THE COLLEGE ALSO RECEIVES FEDERAL AND NEW YORK STATE FUNDS THROUGH ITS STUDENTS IN THE FORM OF FEDERAL AND STATE STUDENT FINANCIAL AID AND ASSISTANCE. 1 EUROPE 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 213030 EAST ASIA AND PACIFIC 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 80561 0 0 0 0 0 0 293591 0 293591 study abroad program for students Europe 10 134088 applied to students accounts study abroad program for students East asia and pacific 4 42601 applied to students accounts 0 0 0 0 0 0 Part I, Line 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS AND SUPPORT FOR STUDY ABROAD PROGRAMS ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. X X X 1 The Stockade Group 650 Franklin Street Schenectady NY 12305 Phone Solicitation 0 86310 18765 67545 Ruffalo Noel Levitz 1025 Kirkwood Pkwy SW Cedar Rapids IA 52404 Consultant: direct mail, e-mail 0 38691 44778 -6087 125001 63543 61458 AZ CA DE FL GA ID IL IN IA KS KY LA ME MT NE NJ NM NY NC ND OH OK OR PA RI SD TN TX VT WV WI WY 1 SCHOLARSHIPS 2823 44895266 Part I, Line 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: Scholarships are awarded based on need and monitored annually based on students' academic profiles and guidelines as provided to students. X X X 0 1 X X 0 0 0 0 0 0 0 0 0 Dr Carolyn Stefanco President 328871 0 0 0 0 0 0 0 120 0 328991 0 0 0 Ms Debra Lee Polley VP Finance/Admin/Treasurer 173195 0 0 0 0 0 0 0 11958 0 185153 0 0 0 Ms Mary Grondahl VP Enrollment Mgmt 179644 0 0 0 0 0 0 0 15818 0 195462 0 0 0 Ms Nancy Williamson Corporate Secretary/General Counsel 206573 0 0 0 0 0 0 0 10861 0 217434 0 0 0 Ms Barbara Schirmer Interim Provost and VP for Academic 218058 0 0 0 0 0 0 0 494 0 218552 0 0 0 Mr Ian Farrell VP for Institutional Advancement 180332 0 0 0 0 0 0 0 10848 0 191180 0 0 0 Mr John Avitabile Faculty Member 148124 0 0 0 0 0 0 0 12286 0 160410 0 0 0 Ms Suzanne Wilhelm Dean of the School of Business 148083 0 0 0 0 0 0 0 4496 0 152579 0 0 0 Dr R Mark Sullivan FACULTY/FORMER PRESIDENT 150979 0 0 0 0 0 0 0 6143 0 157122 0 0 0 Mr Dennis McDonald VP Student Affairs/FORMER OFFICER 122455 0 0 0 0 0 0 0 12286 0 134741 0 0 0 Part I, Line 1a THE OFFICIAL RESIDENCE OF THE PRESIDENT IS OWNED AND MAINTAINED BY THE COLLEGE AND IS SITUATED IN CLOSE PROXIMITY TO THE COLLEGE'S URBAN CAMPUS. THE PRESIDENT RESIDES IN HER OFFICIAL RESIDENCE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. CERTAIN FUNDRAISING AND OTHER COLLEGE FUNCTIONS ARE HOSTED BY THE PRESIDENT IN THE OFFICIAL RESIDENCE UNDER STIPULATION IN HER EMPLOYMENT CONTRACT. THE PRESIDENT HAS ACCESS TO A SMALL DISCRETIONARY FUND, AND ALL COLLEGE POLICIES AND PROCEDURES ARE FOLLOWED FOR EXPENDITURES. THE COLLEGE PAYS MEMBERSHIP FEES FOR THE SOCIAL CLUB THE PRESIDENT IS A MEMBER OF. A City of Albany Capital Resource Corporation 273467899 012432AN0 2011-07-19 21235000 To finance various capital projects at the College 0 0 0 B City of Albany Capital Resource Corporation 273467899 012432BA7 2015-11-13 39760000 REFINANCE 2007 BONDS AND SWAP 0 0 0 A 21235000 1506293 1079918 571611 17951548 2012 0 0 1 1 B 39760000 445346 39314654 2015 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 14 222154 MARKET QUOTE X Various In Kind 65 14041 FAIR VALUE 0 0 0 Form 990, Part VI, Section B, line 11b FORM 990 REVIEW PROCEDURES: The form 990 is made available for the review of the Governing Body before filing and their observations are incorporated as appropriate in the presentation of the information. Representatives of the Governing Body meet with the College's external auditors where they have the opportunity to ask questions in regards to the return. Form 990, Part VI, Section B, line 12c CONFLICT OF INTEREST POLICY PROCEDURES: ANNUAL CERTIFICATION OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REQUIRED OF ALL MEMBERS OF THE GOVERNING BODY AND OFFICERS IN FEBRUARY EACH YEAR, AND OF NEWLY-APPOINTED INDIVIDUALS AT THE TIME OF APPOINTMENT. APPLICABLE CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE AND INDIVIDUALS SUBJECT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES WITH RESPECT TO MATTERS WHERE CONFLICT MAY EXIST. Form 990, Part VI, Section B, line 15 COMPENSATION PROCEDURES: PERFORMANCE AND COMPARABILITY DATA RELATED TO OFFICERS' COMPENSATION IS REVIEWED BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE, WHOSE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. Form 990, Part VI, Section C, line 19 AVAILABILITY TO THE PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS: THESE ARE PROVIDED UPON REQUEST.