2018-05-02T13:25:16-05:00 2017-06-30 141555429 UHY Advisors NY Inc 4 Tower Place Executive Park 7th Floor Albany NY 12203 990 2016-07-01 141338488 The Sage Colleges SAGE 5182442200 65 1st Street Troy NY 12180 FREDERICK BARTHELMAS VP FINANCE/TREASURER 5182442200 2018-04-24 1 James Daniels P00603621 5184493166 2018-04-24 209.99.101.4 2018-04-24 16:18:21 ED P A18537F10B1428AC5D9CE7ECFB87A0D40D3E58B2 AC6CA1EDC091D5C9736CEA6B8C8803227CBCB296 2016 2021-01-29 14:40:06Z Dr Christopher Ames 65 1st Street Troy NY 12180 83535154 0 X N/A X 1916 NY Collegiate Education of Students. 30 29 1568 249 0 0 5870464 6093117 66888503 61302909 1043912 765416 219030 133594 74021909 68295036 22258974 20002019 0 0 30629642 31852237 34000 0 3367297 21594021 21071991 74516637 72926247 -494728 -4631211 94563645 96321399 34819722 38744466 59743923 57576933 Collegiate Education of Students. 0 0 63749180 20002019 61302909 Collegiate Education of Students. 63749180 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 206 0 1 1568 1 0 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X Frederick Barthelmas 5182442200 65 1st Street Troy NY 12180 MARY ALTPETER TRUSTEE 1.00 X 0 0 0 JOHN BELLARDINI TRUSTEE 1.00 X 0 0 0 John Bennett TRUSTEE 1.00 X 0 0 0 THERESE BENTLEY TRUSTEE 1.00 X 0 0 0 Judy Campisi TRUSTEE 1.00 X 0 0 0 Jeanne Cioppa-Mosca TRUSTEE 1.00 X 0 0 0 KATHRYN M DIAMOND TRUSTEE 1.00 X 0 0 0 ANN DUFFIELD TRUSTEE 1.00 X 0 0 0 DONNA ESTEVES TRUSTEE 1.00 X 0 0 0 JENNIFER FLATHER TRUSTEE 1.00 X 0 0 0 MARILYN MILLER FOWLER TRUSTEE 1.00 X 0 0 0 EILEEN WITZMAN GOLDBLATT TRUSTEE 1.00 X 0 0 0 JULIA L GREENSTEIN-BLEICHER TRUSTEE 1.00 X 0 0 0 CATHERINE HILL TRUSTEE 1.00 X 0 0 0 CARRIE HILLENBRANDT TRUSTEE 1.00 X 0 0 0 BELINDA HILTON TRUSTEE 1.00 X 0 0 0 PAUL JAECKLE TRUSTEE 1.00 X 0 0 0 JAMES JONES TRUSTEE 1.00 X 0 0 0 FREDERICK A MILLER TRUSTEE 1.00 X 0 0 0 Kevin O'Bryan TRUSTEE 1.00 X 0 0 0 DEBORAH ONSLOW TRUSTEE 1.00 X 0 0 0 CHESTER J OPALKA JR TRUSTEE 1.00 X 0 0 0 Tammy Parsons TRUSTEE 1.00 X 0 0 0 KIMBERLY PEREGRIM TRUSTEE 1.00 X 0 0 0 RONNYE BERG SHAMAM TRUSTEE 1.00 X 0 0 0 NELSON TIP SIMONS TRUSTEE 1.00 X 0 0 0 PATRICIA TIMPANO SPARRELL TRUSTEE 1.00 X 0 0 0 NANCY VALLEY TRUSTEE 1.00 X 0 0 0 ROBERT ZEMSKY TRUSTEE 1.00 X 0 0 0 SUSAN C SCRIMSHAW PRESIDENT (TO JUNE 2017) 40.00 X X 297788 0 69347 SUSAN BEATTY PROVOST 40.00 X 185717 0 11752 Frederick Barthelmas VP FIN/TREASURER (FROM JUN 2017) 40.00 X 0 0 0 PATRICK JACOBSON-SCHULTE VP FIN/TREASURER (TO JAN 2017) 40.00 X 177028 0 11733 MELISSA KOMORA VP Institutional Advancement 40.00 X 151934 0 16913 DEIRDRE ZARRILLO VP ADMIN & PLANNING 40.00 X 124769 0 0 PATRICIA CELLEMME VP STUDENT LIFE 40.00 X 84721 0 16404 DONNA HEALD ASSOCIATE PROVOST 40.00 X 115394 0 13653 Kim Fredericks DEAN SCHOOL OF MANAGEMENT 40.00 X 113783 0 7676 KATHRYN ADAMS ASSOC VP INSTITUTIONAL ADV 40.00 X 105221 0 5587 1356355 0 153065 12 0 1 0 0 2146194 3946923 1373579 6093117 Tuition & Fees 611710 53253493 53253493 Auxiliary Enterprises 611710 7770274 7770274 Other Sources 900099 215886 215886 Transcripts 611710 32448 32448 Parking 812930 30808 30808 61302909 377962 377962 144572 10978 133594 133594 133594 15605344 11250 15229140 0 376204 11250 387454 387454 68295036 61302909 0 899010 20002019 20002019 1197095 345820 647136 204139 24587049 21399148 1694059 1493842 728438 615185 65643 47610 3551055 2538527 573125 439403 1788600 1510519 161180 116901 213503 213503 117637 117637 2495148 1857019 381753 256376 512632 27529 485103 1868463 1766683 101780 522670 403573 60742 58355 814401 755906 58495 3151583 3151583 648626 593718 54432 476 STUDENT DINING SERVICES 2450406 2450406 STUDENT HOUSING EXPENSE 1813487 1813487 Operation & Maintenance 1039926 521095 516792 2039 SECURITY EXPENSE 909556 909556 4513953 3087407 1163493 263053 72926247 63749180 5809770 3367297 89915 2462391 291410 0 5488981 3205218 2984621 2398388 1410382 2172993 105092203 55664266 50901186 49427937 18185883 20810553 13991795 14674697 1219472 1169222 94563645 96321399 6486683 5926882 3313437 3787522 11804598 11222211 7444361 12930386 5770643 4877465 34819722 38744466 X 29470356 25190723 9328461 10860755 20945106 21525455 59743923 57576933 94563645 96321399 -4631211 2464221 0 X 0 1 X 1 1 1 X 6161073 5458172 8050796 5870464 6093117 31633622 6161073 5458172 8050796 5870464 6093117 31633622 4578677 27054945 473094 419819 319831 526406 522534 2261684 33895306 327198962 0.79820 0.79250 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE SAGE COLLEGES QUALIFY 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32264345 2728185 3187052 3081022 35098560 30626246 2916045 -581469 696477 32264345 30473876 425933 506523 780086 30626246 27234092 1688333 3251286 1699835 30473876 21009808 5692747 1917305 1385768 27234092 0.22720 0.60160 0.17120 0 0 6815132 6815132 82065939 41695836 40370103 16002015 13968430 2033585 209117 209117 49427937 WEATHERLOW OFFSHORE I 2240229 F DRAKE OFFSHORE LP 1421737 F STEPSTONE PE PTNRS OFFSHORE II 672589 F AUDA SECONDARY III FEEDER 828161 F BLUEMOUNTAIN CAIS CA LTD 545633 F S&Z FUND SERVICES LLC (ACK) 1773158 F SEG PARTNERS OFFSHORE LTD 1960893 F ARES MANAGEMENT LTD 654069 F COMMON STOCKS 3146787 F CORPORATE OBLIGATIONS 424 F US GOV/AGENCY/MUNI 108952 F Hawk Ridge 1322065 F 14674697 Asset Retirement Obligation 1942112 U.S. Government Advances 2935353 4877465 X 50768216 2464221 10978 2475199 48293017 20002019 20002019 68295036 52935206 10978 10978 52924228 20002019 20002019 72926247 Part V, Line 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE COLLEGES. Part X, Line 2: FIN 48 (ASC 740) TEXT OF FINANCIAL STATEMENTS FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COLLEGE RECOGNIZES 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 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 2d - Other Adjustments: Rental Expenses 10,978. Part XI, Line 4b - Other Adjustments: Scholarship Expenses 20,002,019. Part XII, Line 2d - Other Adjustments: Rental Expenses 10,978. Part XII, Line 4b - Other Adjustments: Scholarship Expenses 20,002,019. 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 SAGE COLLEGES' RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE FIRST PAGE OF THE ANNUAL PUBLICATION OF THE COLLEGES' CATALOG AND IS RUN ANNUALLY IN THE LOCAL NEWSPAPER. Schedule E, Part I, Line 6 THE COLLEGES AND THEIR STUDENTS RECEIVE FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER VARIOUS PROGRAMS. X X X X X X 1 STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST STE 201 SCHENECTADY NY 12305 COUNSEL FOR PHONE SOLICITATION AND BACK-UP 0 46679 32137 14542 46679 32137 14542 NY 1 STUDENT SCHOLARSHIPS 1611 20002019 Part I, Line 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES: EACH GRANT IS ASSIGNED A GRANTS ADMINISTRATOR WHO MONITORS ALL EXPENDITURES TO ENSURE FUNDS ARE USED IN ACCORDANCE WITH GRANTOR POLICIES AND REGULATIONS. IN ADDITION, AN ACCOUNTANT IS ASSIGNED TO RECORD AND REPORT ALL GRANT REVENUES AND EXPENDITURES TO THE GRANT ADMINISTRATOR AND GRANTOR ON A REGULAR BASIS. X X 1 1 X 0 0 0 0 0 0 0 0 0 SUSAN C SCRIMSHAW PRESIDENT (TO JUNE 2017) 297788 0 0 0 0 0 15232 0 54115 0 367135 0 0 0 SUSAN BEATTY PROVOST 185717 0 0 0 0 0 9900 0 1852 0 197469 0 0 0 PATRICK JACOBSON-SCHULTE VP FIN/TREASURER (TO JAN 2017) 177028 0 0 0 0 0 9183 0 2550 0 188761 0 0 0 MELISSA KOMORA VP Institutional Advancement 151934 0 0 0 0 0 8548 0 8365 0 168847 0 0 0 Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT IS REQUIRED TO LIVE IN A HOME ON THE COLLEGES' TROY CAMPUS WHICH IS FURNISHED AND MAINTAINED AT THE COLLEGES' EXPENSE. THE PRESIDENT'S HOUSING HAS BEEN VALUED AT $50,000 AND IS REPORTED AS A NON-TAXABLE BENEFIT. X 15 1373579 DAY'S HIGH/LOW AVG 0 0 0 Form 990, Part VI, Section B, line 11b FORM 990 REVIEW PROCEDURE: THE DRAFT FORM 990 IS PRESENTED TO THE BOARD FINANCE COMMITTEE, AUDIT SUB-COMMITTEE AND EXECUTIVE COMMITTEE FOR APPROVAL. IT IS THEN PRESENTED TO THE FULL BOARD FOR FINAL APPROVAL BEFORE BEING SUBMITTED TO THE IRS. Form 990, Part VI, Section B, line 12c CONFLICT OF INTEREST POLICY PROCEDURES: A CONFLICT OF INTEREST DISCLOSURE IS REQUIRED TO BE COMPLETED ANNUALLY BY EACH TRUSTEE AND EXECUTIVE OFFICER. INDIVIDUALS SUBJECT TO ANY KNOWN, POSSIBLE OR PERCEIVED CONFLICT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES IN RESPECT OF MATTERS AFFECTED. Form 990, Part VI, Section B, line 15 COMPENSATION PROCEDURES: COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD EXECUTIVE COMMITTEE AND TRUSTEES. COMPENSATION FOR CABINET MEMBERS IS REVIEWED AND APPROVED BY THE PRESIDENT. Form 990, Part VI, Section C, line 19 AVAILABILITY TO PUBLIC OF ANNUAL INFORMATION RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS: THESE ARE PROVIDED UPON REQUEST. CHARITABLE REMAINDER TRUST (1) INVESTMENT NY T 1.00000 0 POOLED LIFE INCOME FUND (1) INVESTMENT NY T 1.00000 0 GIFT ANNUITY FUND (1) INVESTMENT NY T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0