2017-02-14T13:36:46-07:00 2016-06-30 990 2015-07-01 150532239 St Lawrence University STLA 3152295563 23 Romoda Drive Canton NY 13617 Joseph Manory Vice President for Finance 3152295897 2017-02-14 2015 2021-01-29 14:40:06Z Joseph Manory 23 Romoda Dr Canton NY 13617 205385331 0 X www.stlawu.edu X 1856 NY The mission of St. Lawrence is to provide an inspiring and demanding undergraduate education in liberal arts to students selected for their seriousness of purpose and intellectual promise 38 36 2653 1100 4354875 0 12498132 18543222 150978308 156878644 5814977 3979584 1304639 1111003 170596056 180512453 60113873 65682057 0 0 64093408 66103179 72086 0 6402936 55745433 55671819 180024800 187457055 -9428744 -6944602 486694891 496955057 138372437 142560632 348322454 354394425 The mission of St. Lawrence University is to provide an inspiring and demanding undergraduate education in liberal arts to students selected for their seriousness of purpose and intellectual promise. 0 0 164562373 65682057 157614356 St. Lawrence University is a four year, private, liberal arts higher education institution located in Canton, NY. The total program expenses are directed to the student body of approximately 2,400 for the purpose of preparing them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity, and the planet. 0 0 0 164562373 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 3 0 1 2653 1 1 1 1 FR KE SP UK 0 0 0 1 1 0 0 0 0 0 0 0 X 38 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK MD MI ND NH NY SC WA X Joseph Manory 3152295897 23 Romoda Drive Canton NY 13617 Jo Ann Campbell Trustee 2 X 0 0 0 Johnathon Cardinal Trustee 2 X 0 0 0 Andre Couture Trustee 2 X 0 0 0 William Crombie Trustee 2 X 0 0 0 Jennifer Curley Reichert Trustee 2 X 0 0 0 Gregory Ferrero Trustee 2 X 0 0 0 Sharee Freeman Trustee 2 X 0 0 0 Cheryl Grandfield Trustee 2 0 X 0 0 0 Samantha Guerry Trustee 2 0 X 0 0 0 Eric Hanson Trustee 2 0 X 0 0 0 Peter Hunt Trustee 2 X 0 0 0 Jay Ireland Trustee 2 X 0 0 0 Sarah Johnson Trustee 2 X 0 0 0 R Sheldon Johnson Trustee 2 X 0 0 0 Charles Kellogg Trustee 2 X 0 0 0 Heather McCauley Trustee 2 X 0 0 0 S Georgia Nugent Trustee 2 X 0 0 0 David Officer Trustee 2 X 0 0 0 Amanda Pearson Trustee 2 X 0 0 0 Derrick Pitts Trustee 2 X 0 0 0 Michael Ranger Trustee 2 X 0 0 0 Thomas Saddlemire Trustee 2 X 0 0 0 Marion Roach Smith Trustee 2 X 0 0 0 Elinor Tatum Trustee 2 X 0 0 0 James Tyler Trustee 2 X 0 0 0 Donna Winston Trustee 2 X 0 0 0 Michael Arpey Trustee 2 X 0 0 0 Earl Samson Trustee 2 X 0 0 0 George Cochran Trustee 2 X 0 0 0 Joan Corey Trustee 2 X 0 0 0 Jeffery Boyd Chairman 2 X 0 0 0 Barry Phelps Vice Chair 2 X 0 0 0 Morgan Baker Trustee 2 0 X 0 0 0 Lee Bailey Trustee 2 0 X 0 0 0 Christian Ehrhardt Trustee 2 X 0 0 0 Joanie Byrne Hall Trustee 2 X 0 0 0 Nicoline Carlson Sawabini Trustee 2 X 0 0 0 William Fox President 40 X X 417599 0 116610 Lisa Cania Secretary 40 X 172644 0 24262 Joseph Manory Treasurer 40 X 231286 0 31315 Justin Sipher VP Information Tech 40 X 183408 0 32788 Jeff Rickey VP Admissions 40 X 186477 0 51715 Joe Tolliver VP Student Affairs 40 X 172948 0 44650 Tom Pynchon VP Advancement 40 X 235270 0 70256 Melissa Farmer Richards VP for Univ Communications 40 X 151281 0 27609 Val Lehr VP for Academic Affairs 40 X 211786 0 28586 Dan Seaman Chief Facilities Director 40 X 135354 0 27828 Bob Durocher Director of Athletics (beginning March, 2015) 40 X 126795 0 19205 Greg Carvel Hockey Coach 40 X 168704 0 31130 Godwin O Udechukwu Professor 40 X 142970 0 27020 Kim Hissong Assoc VP for Advancement 40 0 X 151522 0 25917 Carol Gable Assoc VP for Finance 40 X 138025 0 25546 Margie Strait Director of Athletics (retired Jan, 2015) 0 X 169000 0 30087 2995069 0 614524 63 1 1 0 Cambridge Associates LLC 100 summer St Boston MA 02110 investment management 388974 Bond Schoeneck & King One Lincoln Center Syracuse NY 13202 legal services 158946 The Bonadio Group 171 Sully Trail Sutie 201 Pittsford NY 14534 auditing 145189 Relph Benefit Advisors 22113 Fabco Rd Watertown NY 13601 employee benefit consulting 169297 McAllister & Quinn 1368 N Washington Ave Scranton PA 18509 consulting services 113545 1 0 0 0 0 1918075 16625147 0 18543222 Tuition 611310 121037931 121037931 0 0 Campus Housing 721000 15137429 15137429 0 0 Food Service 722210 13080391 13080391 0 0 Hotel 721110 3532812 311263 3221549 0 Other 611710 3599141 3138805 460336 0 490940 0 490940 0 156878644 4545558 4545558 0 0 0 0 0 0 0 0 0 0 0 0 22412934 0 22978908 0 -565974 0 -565974 -565974 0 0 0 2990527 1893970 1096557 928953 167604 0 Advertising 900099 14446 0 14446 0 0 0 0 0 14446 180512453 157614356 4354875 0 0 0 65682057 65682057 3184233 1232782 1606650 344801 47793801 40655107 4609008 2529686 4198718 3523865 434544 240309 7375365 6221422 768703 385240 3551062 2980306 367515 203241 230710 230710 127881 8925 118956 2320016 2320016 4351073 2738928 1007156 604989 201491 116922 84569 8119445 6939864 675909 503672 1715257 885929 826707 2621 5102945 4769983 329789 3173 3189796 2708561 212008 269227 144784 99557 26830 18397 3950552 3950552 10968863 9252684 1143238 572941 636342 80896 500550 54896 Other Contract Services 8482769 7481605 848416 152748 R&B Allowance 2204591 2193315 11276 Enterntainment 1260514 478929 274717 506868 Other 2664790 2560184 94479 10127 187457055 164562373 16491746 6402936 485419 5238734 7031281 5832582 13653830 31887240 2314759 2557840 4188942 4072983 1887394 1997744 2508693 3617729 338337872 172856373 167505143 165481499 96404291 51894796 190715139 224373910 486694891 496955057 11600768 11505479 3207761 3368769 95155000 100765000 1875000 904167 26533908 26017217 138372437 142560632 X 108292773 101582220 117262822 108380520 122766859 144431685 348322454 354394425 486694891 496955057 X -6944602 -6727881 0 0 0 19744454 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 31588 0 1 1 0 5602606 0 0 X X X 0 282085578 7935596 -7102189 6804969 6200530 2320016 267593470 283875717 2685638 10903634 5934747 6278943 3165721 282085578 251421388 3093449 43696206 5903158 5926788 2505380 283875717 230276122 2040143 32726040 5232475 5872853 2515589 251421388 239821954 5400799 -2991616 5287292 5741809 925914 230276122 0.22 0.47 0.31 0 0 2662483 0 2662483 278352110 0 129540828 148811282 0 0 0 0 57323279 0 43315545 14007734 0 0 0 0 165481499 mutual funds and limited partnerships 224373910 F 224373910 0 Annuities and Deferred Giving Obligations 3717805 Federal Student Loans 2982922 Accrued Pension and postretirement obligations 4564550 Capital lease 720447 Conditional Asset Retirement Obligation 4503191 Unamortized Premium/Discount 9528302 26017217 175678542 -6727881 0 0 1893970 -4833911 180512453 0 0 0 180512453 123668968 0 0 0 1893970 1893970 121774998 0 65682057 65682057 187457055 Schedule D, Part III, Line 4 St. Lawrence University's permanent collection provides students, faculty, scholars, and a broad regional community the opportunity to study and enjoy original works of art. The collection includes nearly 7,000 art objects and artifacts, with particular strengths in twentieth century American and European works on paper, including photographs, prints, portfolios, drawings, and artist's books. Schedule D, Part V, Line 4 The intended uses of the endowment fund are to support the university's mission to educate students in the liberal arts tradition. Schedule D, Part XI, Line 2d Bookstore Cost of Goods Sold Schedule D, Part XII, Line 2d Bookstore Cost of Goods Sold Schedule D, Part XII, Line 4b Student Financial Aid 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The student body is drawn from all parts of the United States and many foreign countries. The University meets the requirements of REV PROC 75-50, SEC 7 032-(B) Schedule E, Part I, Line 6 St. Lawrence University receives financial assistance from the State of New York. In the year ended June 30, 2016, the university received $452,770 for the Higher Education Opportunity and C-Step programs, $178,985 for the Bundy Aid program, and some smaller amounts for some research and educational programs. The university also received $186,761 from the federal Department of Education for the McNair program. The university receives federal awards and grants for students for financial aid (e.g. Title IV Campus Based Programs). 1 Sub-Saharan Africa 1 16 Program Services education abroad programs 747010 Europe (including Iceland and Greenland) 3 6 Program Services education abroad programs 2226200 4 22 2973210 financial aid Central America and the Caribbean 7 204438 credited to bill financial aid Europe (including Iceland and Greenland) 160 2384680 credited to bill financial aid Middle East and North Africa 6 117717 credited to bill financial aid Sub-Saharan Africa 28 372624 credited to bill financial aid East Asia and the Pacific 42 576001 credited to bill financial aid South America 1 27866 credited to bill financial aid South Asia 18 279922 credited to bill 1 0 0 1 1 0 Schedule F, Part I, Line 2 The university's programs outside of the U.S. are administered by university employees who provide monthly financial reporting to administrative offices in the U.S. The results are included in the university's consolidated financial statements. The university's two larger abroad programs in the U.K. and Kenya are subject to audit each year and the audit reports shared with the university's audit committee of the Board of Trustees. 1 Village of Canton Fire Department 77 Riverside Dr Canton NY 13617 156001278 25000 donation to fire department 1 0 See Schedule I, Part IV, Statement 1 2034 Schedule I, Part I, Line 2 Need based financial aid comprises the larger part of the grants described in Part III, these grants are awarded for a maximum of eight semesters upon annual reapplication, subject to satisfactory academic and social standing. Merit based aid comprises the remainder of grants and assistance and requires maintenance of a minimum grade point average of 3.0 X X X X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 William Fox President 408700 0 0 0 8899 0 90472 0 26138 0 534209 0 Joseph Manory Treasurer 225582 0 0 0 5704 0 17398 0 13917 0 262601 0 0 Lisa Cania Secretary 170759 0 0 0 1884 0 17076 0 7186 0 196905 0 0 Val Lehr VP for Academic Affairs 210343 0 0 0 1443 0 21308 0 7278 0 240372 0 0 Justin Sipher VP Information Tech 181808 0 0 0 1600 0 18808 0 13980 0 216196 0 0 Jeff Rickey VP Admissions 183395 0 0 0 3083 0 18661 0 33054 0 238193 0 0 Tom Pynchon VP Advancement 232577 0 0 0 2693 0 24400 0 45856 0 305526 0 0 Joe Tolliver VP Student Affairs 170493 0 0 0 2456 0 17115 0 27535 0 217599 0 0 Melissa Farmer Richards VP for Univ Communications 141265 0 5000 0 5016 0 14851 0 12758 0 178890 0 0 Greg Carvel Hockey Coach 163000 0 4000 0 1703 0 17199 0 13931 0 199833 0 0 Kim Hissong Assoc VP for Advancement 150004 0 0 0 1518 0 15465 0 10452 0 177439 0 0 Carol Gable Assoc VP for Finance 137540 0 0 0 485 0 14390 0 11156 0 163571 0 Dan Seaman Chief Facilities Director 133429 0 0 0 1925 0 13970 0 13858 0 163182 0 Godwin O Udechukwu Professor 137759 0 0 0 5210 0 14652 0 12368 0 169989 0 Margie Strait Director of Athletics (retired Jan, 2015) 164404 0 0 0 4595 0 17373 0 12714 0 199086 0 0 Bob Durocher Director of Athletics (beginning March, 2015) 125712 0 0 0 1082 0 12571 0 6634 0 145999 0 0 0 Schedule J, Part I, Line 1a The university does have a spousal travel policy. the university provides housing allowances or residence for personal use for transitioning employees, the Viebranz Professor of Creating, the president, and two members of senior staff. Social club dues and personal services are provided to the president as described in his employment agreement. Schedule J, Part I, Line 1b The university does have a written spousal travel policy. The university provides housing allowances or residence for personal use for transitioning employees, the Viebranz Professor of Creative Writing, the president, and two members of senior staff. Social club dues and personal services are provided to the president as described in his employment agreement. Schedule J, Part II Nontaxable benefits for the president, Mr. Rickey, and Mr. Tolliver include the estimated value of their housing which is provided tax free as a condition of their employment to host university events and visitors. Nontaxable benefits for Mr. Pynchon include the value of tuition assistance for dependents through a standard program for all employees. A St Lawrence County IDA Civic Dev Corp 272614310 791078AZ1 2012-12-19 46819980 advance refund bonds issued 7/1/09 0 0 0 B St Lawrence University IDA Civic Dev Corp 272614310 790178BQ0 2016-05-25 31785422 Advance refund bonds issued 7/1/2009 0 0 0 C St Lawrence County IDA 160991283 791097FS2 2009-07-01 59887659 Cur refund bonds issued 10/24/01;12/7/05 1 0 0 A 0 0 46819980 0 0 0 547374 0 0 0 46272606 0 2012 0 1 1 1 B 0 0 31793126 0 31252848 329416 0 0 0 210862 0 2016 0 1 1 1 C 0 49605000 59887659 0 0 0 455696 0 0 0 59431963 0 2005 1 0 1 1 A 0 0 0 0 0.0212 0.0129 0.0341 0 0 1 B 0 0 1 1 1 1 0.0018 0 0.0018 0 0 1 C 0 0 0 0 0.0015 0 0.0015 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I-07/01/2009 59,887,659 St Lawrence County IDA The bonds listed in Column C consist of the St. Lawrence County IDA Civic Facility Revenue Bonds (St. Lawrence University Project) series 2001A and Series 2005 which were reissued on 7/1/2009 as part of the same plan of financing and treated as a single issue for federal income tax purposes. For purposes of Part II, Line 13, Column C, the latest year of substantial completion of the projects financed with proceeds of the reissued bonds was 2005. Schedule K, Part IV, Line 2c-12/19/2012 46,819,980 St Lawrence County IDA Civic Dev Corp Rebate calculation completed March, 2016 Schedule K, Part IV, Line 2c-05/25/2016 31,785,422 St Lawrence University IDA Civic Dev Corp The difference in the amount listed in Part II, Line 3, column B from the issue price for the bonds issued on 5/25/16 listed in Part I, Column E, Row B is equal to the investment earnings on a refunding escrow. Lynn Fox spouse of organization's president 40203 consulting compensation and travel 0 John and Judy Angelo investment manager and donor 11862126 year end value of investments 0 James Tyler trustee and donor 191765 construction contract 0 Schedule L, Part IV In the fiscal year 2016, the university paid the president's spouse, Lynn Fox, $23,200 in consulting fees and associated travel expenses of $17,003 pursuant to a contract. The university has long held investments with Angelo Gordon and the 6/30/16 value of such investments was $11,862,126. John Angelo was co-owner of Angelo Gordon until his death in 2016. Both he and his wife, Judy Angelo Cowen are alumni of the university. Ms. Cowen's charitable trust donated $252,437 to the university in 2016. Trustee James Tyler is president and owner of Northland Associates which owns JDS Construction. In 2016, the university solicited proposals for renovations to its riding arena. After careful review by senior management and the board, JDS Construction, was selected for the project and the university entered a contract in the amount of $191,765. In 2016, Mr. Tyler made a charitable donation of $5,000 and Northland Associations made a charitable donation of $45,000. X 1 6300 appraised FMV X 48 3040683 appraised FMV X 1 4111666 appraised FMV X Horses 2 125000 appraised value X pledges 40 15420487 estimated value 2 0 1 0 Form 990, Part VI, Section A, Line 2 Trustee Cheryl Grandfield is owner of investment firm Grandfield and Dodd which manages investment portfolios for Trustees Mike Ranger and David Officer. Form 990, Part VI, Section B, Line 11b The 990 Form is reviewed and accepted by the audit committee of the board of trustees before filing and made available to all members of the board of trustees for their review and comments. Form 990, Part VI, Section B, Line 12c Trustees, officers, and employees are required to report compliance with the conflict of interest policy upon election or appointment and on an annual basis thereafter. Individuals are required to recuse themselves from deliberative and decision making processes on matters where any conflict of interest may exist. Form 990, Part VI, Section B, Line 15 The university benchmarks its financial data against a group of 25 liberal arts colleges. This includes comparative review of salaries and benefits. The compensation of the president and senior staff is determine annually by independent members of the compensation committee of the board of trustees in conjunction with a review of comparative data. An external professional consultant is used to determine the president's compensation. Persons with any conflict of interest are excluded from these proceedings which are contemporaneously documented. Form 990, Part VI, Section C, Line 19 The university's by-laws, financial statements, and conflict of interest policy are available on the university's website. Form 990, Part XI, Line 9 Contribution for LT Investment 22,645,372; Deferred Giving Activity (943,292); Change in Postretirement Liability (1,635,779), Worker's Comp Trust Proceeds 280,729, Loss on Bond Defeasance (654,521), Other 51,945 Laurentian Properties LLC 23 Romoda Dr Canton NY 13617 200803478 hotel and restaurant NY 3532812 5449084 St Lawrence University St Lawrence University London Programme 81 Gower St London UK WC1E6HJ study abroad program for university students UK 501(c)(3) 2 St Lawrence University 1 St Lawrence University Kenya Program PO Box 43795-00100 Karen, Nairobi KE study abroad program for university students KE 501(c)(3) 2 St Lawrence University 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 Schedule R, Part I St. Lawrence University provided a loan to Laurentian Properties in June, 2015 to finance capital renovations at the Best Western Inn and payoff a prior loan from another bank for similar renovations. The loan amount was 2,855,000 and is being repaid over 10 years. The interest rate charged is Libor plus 140 basis points.