2018-04-16T08:09:09-05:00 2017-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2016-06-01 160743040 Hobart and William Smith Colleges % Carolee E White HOBA 3157813337 300 Pulteney Street Geneva NY 14456 CAROLEE WHITE VP FOR FINANCE 3157813337 2018-04-13 true Todd P Teresco P00247720 5184274600 2018-04-11 167.68.102.5 14012520181065000001 2018-04-16 P 9495D134D490A6B84E3CD7F5ECF2B12979C5F68F 9495D134D490A6B84E3CD7F5ECF2B12979C5F68F 2016 2021-01-29 14:40:06Z GREGORY J VINCENT 337 Pulteney Street Geneva NY 14456 184579840 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. 37 36 2376 5058 510823 11853753 17503706 136788898 139135853 -155242 12061488 287969 358605 148775378 169059652 47882240 50282427 0 0 58050211 58883323 0 0 3904644 48812488 48878840 154744939 158044590 -5969561 11015062 378644961 407007436 93999436 92349357 284645525 314658079 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 137679164 50282427 139135853 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 2,262, AND EMPLOY 221 FULL-TIME FACULTY LINES. THIS ALLOWS THE COLLEGES TO MAINTAIN A STUDENT-FACULTY RATIO OF 10:1. MORE THAN 45 MAJORS AND 68 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 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. 137679164 true true false true false false false false 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 false true false false false false true true true false false true X 522 0 true 2376 true true true false false false false true true false false false false X 37 36 false false false false false false false true true false false true true true true true true true false false NY X Carolee E White 3157813337 337 Pulteney Street Geneva NY 14456 X MARK GEARAN PRESIDENT 60.0 0.0 X X 915473 0 99690 Linda Arrington Trustee 2.0 0.0 X 0 0 0 Thomas Bozzuto Trustee Chair 5.0 0.0 X X 0 0 0 N Harrison Buck Trustee 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 (AFTER 7/1/16) 2.0 0.0 X 0 0 0 TIMOTHY EDEN TRUSTEE (THRU 6/30/16) 2.0 0.0 X 0 0 0 Katherine Elliot Trustee 2.0 0.0 X 0 0 0 Cynthia Gelsthorpe Fish Trustee 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 ZACHARY GRATAN TRUSTEE (AFTER 7/1/16) 2.0 0.0 X 0 0 0 William Green Trustee 2.0 0.0 X 0 0 0 John J Hogan III Trustee (AFTER 7/1/16) 2.0 0.0 X 0 0 0 J PAUL HELLSTROM JR TRUSTEE (THRU 6/30/16) 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 2.0 0.0 X 0 0 0 Garrett Mathieson Treasurer 5.0 0.0 X 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 2.0 0.0 X 0 0 0 Andrew McMaster Jr Trustee Vice Chair 5.0 0.0 X 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 Peter I Resnick Trustee 2.0 0.0 X 0 0 0 Thomas Poole Trustee 2.0 0.0 X 0 0 0 James B Robinson TRUSTEE SECRETARY 5.0 0.0 X X 0 0 0 JOHN ROSS TRUSTEE (THRU 6/30/16) 2.0 0.0 X 0 0 0 Aloysee Heredia Jarmoszuk Trustee (AFTER 7/1/16) 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 SUSAN YOLEN TRUSTEE (THRU 6/30/16) 2.0 0.0 X 0 0 0 MAUREEN ZUPAN TRUSTEE (THRU 6/30/16) 2.0 0.0 X 0 0 0 Scott Mason Trustee (AFTER 7/1/16) 2.0 0.0 X 0 0 0 Cassandra Brooks Trustee (AFTER 10/22/16) 2.0 0.0 X 0 0 0 Carolee White VP For Finance and CFO 50.0 0.0 X 305714 0 17816 Louis Guard VP AND GENERAL COUNSEL 50.0 0.0 X 106850 0 18235 ROBERT FLOWERS VP OF STUDENT AFFAIRS 50.0 0.0 X 193648 0 41696 ROBERT MURPHY VP OF ENROLLMENT MANAGEMENT 50.0 0.0 X 265964 0 42528 TITILAYO UFOMATA PROVOST/DEAN OF FACULTY 50.0 0.0 X 224192 0 38635 ROBERT O'CONNOR VP OF INST. ADVANCEMENT 50.0 0.0 X 200594 0 36457 Catherine Gallouet WILLIAM SMITH DEAN 50.0 0.0 X 158821 0 23624 Catherine Williams VP FOR MARKETING AND COMM. 50.0 0.0 X 151212 0 23069 Eugen Baer HOBART DEAN 50.0 0.0 X 160672 0 17773 Leila Rice ASSOC. VP FOR ADVANCEMENT 50.0 0.0 X 165158 0 17146 2848298 0 376669 86 false true false SODEXO INC AFFILIATES 9801 WASHINGTONIAN BOULEVARD GAITHERSBEURG MD 208787314 PLANT & DINING SVCS 13440488 WELLIVER MCGUIRE INC 250 N GENESEE STREET MONTOUR FALLS NY 14865 GENERAL CONTRACTOR 4952060 PEPPER HAMILTON LLP 3000 TWO LOGAN SQUARE PHILADEPHIA PA 191032799 LEGAL SERVICES 687340 DIAMOND THIEL CONSTRUCTION CO I 408 NORTH MIDLER AVE SYRACUSE NY 13206 GENERAL CONTRACTOR 362919 SIMPLEX GRINNELL LP 90 GOODWAY DRIVE ROCHESTER NY 14623 GENERAL CONTRACTOR 359952 10 2294288 15209418 1002774 17503706 Tuition and Fees 611600 114233377 114233377 Residence Halls 721310 12408613 12408613 Dining Services 722320 9292625 9292625 Bookstore 451211 1786458 1786458 Other Program Service Revenue 1414780 1414780 139135853 4049421 131551 3917870 0 0 6112 26779 -20667 0 -20667 -20667 23505476 15493409 8012067 8012067 8012067 0 0 0 0 0 0 0 0 0 Summer Camps 900099 318606 318606 Sport and Rec Center Memberships 713940 60666 60666 379272 169059652 137349395 510823 13695728 196653 196653 47612437 47612437 2473337 2473337 0 3710702 1070787 1692390 947525 224510 194194 30316 41594164 34983971 5048712 1561481 3489235 2882819 457014 149402 6897614 5628796 909725 359093 2967098 2428518 398213 140367 0 616122 616122 304986 304986 0 0 622656 622656 3233904 1124109 2047273 62522 84331 40501 43830 3980790 2930368 842458 207964 1696365 473906 1196442 26017 0 12104536 11639108 293256 172172 2103586 1801765 166370 135451 0 272323 230833 37481 4009 1993500 1897812 95688 0 7150379 6807664 340483 2232 681921 16669 665252 Miscellaneous 822149 33625 682431 106093 Service Contracts 13211292 13211292 158044590 137679164 16460782 3904644 X 0 0 16176509 14013150 3601835 4490491 1396128 2171958 0 0 0 0 2175412 2075538 729878 0 1354722 2548242 290028828 134008359 154980195 156020469 100604110 115983738 97624479 109703850 0 0 0 0 1693 0 378644961 407007436 11135640 11558545 71313 119429 2360141 3983751 65845967 63744798 0 0 0 0 1729500 1542000 0 0 12856875 11400834 93999436 92349357 X 109232301 125503175 45914981 54908845 129498243 134246059 284645525 314658079 378644961 407007436 X 11015062 18372711 624781 X false true X true true true X 12816153 19717295 12969820 11853753 17503706 74860727 0 0 12816153 19717295 12969820 11853753 17503706 74860727 6153125 68707602 2881813 2683159 3566166 2453801 4055533 15640472 497739 655423 565240 272500 379272 2370174 0 92871373 664608341 0.73982 0.74640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false LOBBYING ACTIVITY FORM 990, PART IV, QUESTION 4: 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. 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 161238813 2156185 26582267 2911395 4913256 364998 181787616 0.12000 0.66000 0.22000 false false 3566191 3566191 195565632 70971588 124594044 13677718 6447183 7230535 54143168 42152940 11990228 23076119 14436648 8639471 156020469 CASH AND CASH EQUIVALENTS 12434433 F REAL ESTATE 8024367 PRIVATE EQUITY 12513645 HEDGE FUNDS 74676192 OTHER 2055213 109703850 0 REFUNDABLE ADVANCES FROM GOVER 1929885 ASSET RETIREMENT OBLIGATIONS 2683777 FAIR VALUE OF SWAP AGREEMENT 6787172 11400834 X 136732353 18372711 -50104133 -31731422 168463775 622656 -26779 595877 169059652 106719799 26779 26779 106693020 622656 50728914 51351570 158044590 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 POSITONS 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 $(50,282,427) CHANGE IN FAIR VALUE OF SWAP AGREEMENT $ 624,781 CHANGE IN VALUE OF PLEDGES $ (446,487) TOTAL $(50,104,133) Part XI, Line 4b RENT EXPENSE $ (26,779) Part XII, Line 2D RENT EXPENSE $ 26,779 Part XII, Line 4b FINANCIAL AID $ 50,282,427 CHANGE IN VALUE OF PLEDGES $ 446,487 TOTAL $ 50,728,914 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 RECEIVE FUNDS FROM THE FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT LOAN PROGRAM, NEW YORK STATE TUITION ASSISTANCE PROGRAM, NEW YORK STATE BUNDY AID, AND NEW YORK STATE HIGHER EDUCATION OPPORTUNITY PROGRAMS. true Sub-Saharan Africa Program Services OFF CAMPUS STUDY 60702 East Asia and the Pacific 4 Program Services OFF CAMPUS STUDY 524075 Europe (Including Iceland and Greenland) 1 7 Program Services OFF CAMPUS STUDY 2326426 Middle East and North Africa Program Services OFF CAMPUS STUDY 15340 Russia and the Newly Independent States 2 Program Services OFF CAMPUS STUDY 3285 South America 1 Program Services OFF CAMPUS STUDY 358757 South Asia 1 Program Services OFF CAMPUS STUDY 15175 Central America and the Caribbean Investments 25551109 Europe (Including Iceland and Greenland) Investments 6549148 East Asia and the Pacific Investments 62137558 Central America and the Caribbean Grantmaking SCHOLARSHIPS 96087 East Asia and the Pacific Grantmaking SCHOLARSHIPS 852219 Europe (Including Iceland and Greenland) Grantmaking SCHOLARSHIPS 326557 Middle East and North Africa Grantmaking SCHOLARSHIPS 100062 North America Grantmaking SCHOLARSHIPS 659581 South America Grantmaking SCHOLARSHIPS 89746 South Asia Grantmaking SCHOLARSHIPS 212584 Sub-Saharan Africa Grantmaking SCHOLARSHIPS 136501 1 15 1 15 99878411 136501 100014912 Scholarships Central America and the Caribbean 3 96087 Acct. Credit Scholarships East Asia and the Pacific 69 852219 Acct. Credit Scholarships Europe (Including Iceland and Greenland) 7 326557 Acct. Credit Scholarships Middle East and North Africa 3 100062 Acct. Credit Scholarships North America 19 659581 Acct. Credit Scholarships South America 3 89746 Acct. Credit Scholarships South Asia 5 212584 Acct. Credit Scholarships Sub-Saharan Africa 6 136501 Acct. Credit true false true true true true 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 999999999 GOV'T 10000 CONTRIBUTION CONTRIBUTION CITY OF GENEVA 47 CASTLE STREET GENEVA NY 14456 166002543 GOV'T 176653 CONTRIBUTION CONTRIBUTION GENEVA CONCERTS INC PO BOX 709 GENEVA NY 14456 161099230 501(C)(3) 10000 CONTRIBUTION CONTRIBUTION 3 Scholarships 1690 47612437 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 true true X X X X X false false true false false false false false false MARK GEARAN PRESIDENT 529086 386387 26500 73190 1015163 Carolee White VP For Finance and CFO 217450 88264 9125 8691 323530 ROBERT FLOWERS VP OF STUDENT AFFAIRS 193397 251 19508 22188 235344 ROBERT MURPHY VP OF ENROLLMENT MANAGEMENT 263678 2286 26500 16028 308492 TITILAYO UFOMATA PROVOST/DEAN OF FACULTY 222541 1651 22750 15885 262827 ROBERT O'CONNOR VP OF INST. ADVANCEMENT 200327 267 20505 15952 237051 Catherine Gallouet WILLIAM SMITH DEAN 156440 2381 15700 7924 182445 Catherine Williams VP FOR MARKETING AND COMM. 151036 176 15159 7910 174281 Eugen Baer HOBART DEAN 157113 3559 15774 1999 178445 Leila Rice ASSOC. VP FOR ADVANCEMENT 163857 1301 16386 760 182304 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PRESIDENT GEARAN 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). CAROLEE WHITE WAS PROVIDED 1 YEAR OF HOUSING AND UTILITIES, WHICH IS INCLUDED IN SCHEDULE J, COLUMN B, AS A TAXABLE BENEFIT. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PRESIDENT GEARAN RECEIVED MEMBERSHIPS TO TWO SOCIAL CLUBS FOR THE PURPOSES OF MEETING AND ENTERTAINMENT OF ALUMNI AND OTHER GUESTS OF THE COLLEGES. THE VALUE OF THE SOCIAL CLUB DUES IS INCLUDED SCHEDULE J, COLUMN (D) AS A NONTAXABLE BENEFIT. PERSONAL SERVICES: PRESIDENT GEARAN AND DR. UFOMATA RECEIVED PERSONAL SERVICES FOR THE CONVENIENCE OF THE COLLEGE. THE VALUE OF THE PERSONAL SERVICES IS INCLUDED IN SCHEDULE J, COLUMN (D) AS A NONTAXABLE BENEFIT. SCHEDULE J, PART I, LINE 4C PRESIDENT GEARAN PARTICIPATED IN A FROZEN STOCK OPTION ARRANGEMENT WHERE HE HAD THE ABILITY TO EXERCISE THE OPTION TO BUY UNITS IN TWO SPECIFIED MUTUAL FUNDS CONTAINED WITHIN THE COLLEGES' ENDOWMENT PRIOR TO JULY 1, 2016. THE OPTION PRICE WAS $60,000 PER FUND. PRESIDENT GEARAN CHOSE TO EXERCISE THIS OPTION ON JUNE 30, 2016. THE FMV OF THIS OPTION AT THE TIME OF EXERCISE WAS $460,829. THIS RESULTED IN A TAXABLE PAYMENT OF $340,829 TO PRESIDENT GEARAN 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 5675000 0 31250000 0 0 0 475688 357585 0 29974498 442229 0 2011 false false true true B 4740000 0 29942818 0 0 0 435838 0 0 0 29506980 0 2013 true true true true C 455000 0 15416105 0 0 0 308322 0 0 14998877 107213 1693 2016 false false true true A false false true true false 0 0.01974 0.01974 false false false true B false false true true false 0 0.00196 0.00196 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 true false false 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- $107,213 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. MARY HERLIHY-GEARAN SPOUSE OF PRESIDENT 60633 EMPLOYEE AT THE COLLEGES false KATIE FLOWERS SPOUSE OF KEY EMPLOYEE 79918 EMPLOYEE AT THE COLLEGES false SUSAN CUSHMAN SPOUSE OF TRUSTEE 83959 EMPLOYEE AT THE COLLEGES false SUBSTANTIAL CONTRIBUTOR SERVICE PROVIDER 13211292 SERVICE CONTRACT false X 74 1002774 FMV 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 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, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP $624,781 CHARITABLE REMAINDER TRUST (7) 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 245636 FMV