HOBART AND WILLIAM SMITH COLLEGES: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- HOBART AND WILLIAM SMITH COLLEGES (EIN 16-0743040)
- Tax period
- 2015-06-01 to 2016-05-31
- Filed
- 2017-04-13
- IRS object ID
- 201711039349301606
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-04-13T18:07:05-05:00 | ReturnTs |
| Tax Period End | 2016-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 515 Broadway 4th Floor | AddressLine1Txt |
| City | Albany | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 122072974 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 160743040 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hobart and William Smith Colleges | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Carolee E White | InCareOfNm |
| Business Name Control | HOBA | BusinessNameControlTxt |
| Phone | 3157813337 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Pulteney Street | AddressLine1Txt |
| City | Geneva | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14456 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROLEE WHITE | PersonNm |
| Person Title | VP FOR FINANCE | PersonTitleTxt |
| Phone | 3157813337 | PhoneNum |
| Signature | 2017-04-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Todd P Teresco | PreparerPersonNm |
| PTIN | P00247720 | PTIN |
| Phone | 5184274600 | PhoneNum |
| Preparation | 2017-04-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Mark D Gearan | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 Pulteney Street | AddressLine1Txt |
| City | Geneva | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14456 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $234,233,472 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.hws.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1943 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 2513 | TotalEmployeeCnt |
| Total Volunteers | 5090 | TotalVolunteersCnt |
| Total Gross UBI | $179,952 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$150,208 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,969,820 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,853,753 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $135,790,926 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $136,788,898 | CYProgramServiceRevenueAmt |
| PY Investment Income | $13,024,565 | PYInvestmentIncomeAmt |
| CY Investment Income | -$155,242 | CYInvestmentIncomeAmt |
| PY Other Revenue | $544,560 | PYOtherRevenueAmt |
| CY Other Revenue | $287,969 | CYOtherRevenueAmt |
| PY Total Revenue | $162,329,871 | PYTotalRevenueAmt |
| CY Total Revenue | $148,775,378 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $45,777,308 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $47,882,240 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $57,094,171 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $58,050,211 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,892,161 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $52,611,373 | PYOtherExpensesAmt |
| CY Other Expenses | $48,812,488 | CYOtherExpensesAmt |
| PY Total Expenses | $155,482,852 | PYTotalExpensesAmt |
| CY Total Expenses | $154,744,939 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,847,019 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,969,561 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $398,684,463 | TotalAssetsBOYAmt |
| Total Assets EOY | $378,644,961 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $98,012,385 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $93,999,436 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $300,672,078 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $284,645,525 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $134,470,678 | ExpenseAmt |
| Grant | $47,689,551 | GrantAmt |
| Revenue | $136,818,531 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $134,470,678 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 459 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 2513 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | EI | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Carolee E White | PersonNm |
| Phone | 3157813337 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 Pulteney Street | AddressLine1Txt |
| City | Geneva | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14456 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MARK GEARAN | ||||||||
| PRESIDENT | 60.0 | 0.0 | Yes (X) | Yes (X) | $560,969 | $0 | $114,919 | |
| Linda Arrington | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Thomas Bozzuto | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| N Harrison Buck | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Calvin Carver Jr | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Dr Stephen Cohen | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Edward Cooper | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Timothy Eden | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Katherine Elliot | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Cynthia Gelsthorpe Fish | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Andrew Gaines | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Aileen Gleason | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| William Green | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| J Paul Hellstrom Jr | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Katherine Mackinnon | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| William Margiloff | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Megan Massey | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Garrett Mathieson | ||||||||
| TRUSTEE TREASURER | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Herbert McCooey Jr | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Gail McGinn | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Carolyn McGuire | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Andrew McMaster Jr | ||||||||
| Trustee Vice Chair | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Allison Morrow | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Dr Deborah Pilla | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Peter I Resnick | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Thomas Poole | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| James B Robinson | ||||||||
| TRUSTEE SECRETARY AFTER 7/1/15 | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| John Ross | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Rt Rev Prince Singh | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Craig Stevens | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Craig Stine | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Dr Richard Wasserman | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ANITA WEEKS | ||||||||
| TRUSTEE THRU 6/30/15 | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Christopher Welles | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| William Whitaker Jr | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| BETH YINGLING | ||||||||
| SECRETARY THRU 6/30/15 | 4.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Susan Yolen | ||||||||
| Trustee | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Maureen Zupan | ||||||||
| Trustee Chair | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Carolee White | ||||||||
| ASSIST. TREASURER AFTER 7/1/15 | 50.0 | 0.0 | Yes (X) | $152,779 | $0 | $8,868 | ||
| Louis Guard | ||||||||
| ASSISTANT SECRETARY | 50.0 | 0.0 | Yes (X) | $118,879 | $0 | $20,795 | ||
| PETER POLINAK | ||||||||
| ASSIST. TREASURER THRU 6/30/17 | 50.0 | 0.0 | Yes (X) | $173,450 | $0 | $20,260 | ||
| ALFRED DAMIANO | ||||||||
| CHIEF INFORMATION OFFICER | 50.0 | 0.0 | $201,733 | $0 | $36,063 | Yes (X) | ||
| ROBERT FLOWERS | ||||||||
| VP OF STUDENT AFFAIRS | 50.0 | 0.0 | $206,273 | $0 | $39,650 | Yes (X) | ||
| ROBERT MURPHY | ||||||||
| VP OF ENROLLMENT MANAGEMENT | 50.0 | 0.0 | $273,240 | $0 | $40,690 | Yes (X) | ||
| ROBERT O'CONNOR | ||||||||
| VP OF INSTITUTIONAL ADVANCEMEN | 50.0 | 0.0 | $213,190 | $0 | $34,743 | Yes (X) | ||
| TITILAYO UFOMATA | ||||||||
| PROVOST/DEAN OF FACULTY | 50.0 | 0.0 | $234,806 | $0 | $75,997 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,135,319 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $391,985 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 88 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Simplex Grinnell LP | |||||
| 90 Goodway Drive | Rochester | NY | 14623 | Electric Contractor | $1,989,947 |
| Harter Secrest Emery LLP | |||||
| 1600 Bausch Lomb Place | Rochester | NY | 14604 | Legal Services | $598,910 |
| Pepper Hamilton LLP | |||||
| 3000 Two Logan Square 18th and Arc | Philadelphia | PA | 19103 | Legal Services | $500,582 |
| Kelley Bros LLC | |||||
| 75 Remittance Drive Suite 6203 | Chicago | IL | 60675 | Building Contractor | $444,201 |
| Greco Painting | |||||
| 790 West Washington Street | Geneva | NY | 14456 | Painting Contractor | $366,992 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,970,841 | GovernmentGrantsAmt |
| All Other Contributions | $9,882,912 | AllOtherContributionsAmt |
| Noncash Contributions | $1,753,384 | NoncashContributionsAmt |
| Total Contributions | $11,853,753 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Tuition and Fees | 611600 | $112,086,756 | $112,086,756 | |
| Residence Halls | 721310 | $12,428,715 | $12,428,715 | |
| Dining Services | 722320 | $9,431,037 | $9,431,037 | |
| Bookstore | 451211 | $1,962,711 | $1,962,711 | |
| Other Program Service Revenue | $879,679 | $879,679 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $136,788,898 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,445,081 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$122,181 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,567,262 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,720 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $22,884 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$14,164 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$14,164 | TotalRevenueColumnAmt |
| Exclusion | -$14,164 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $82,834,887 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $85,435,210 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$2,600,323 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,600,323 | TotalRevenueColumnAmt |
| Exclusion | -$2,600,323 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| Summer Camps | 900099 | $258,259 | $258,259 |
| Sport and Rec Center Memberships | 713940 | $43,874 | $43,874 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $302,133 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $148,775,378 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $134,826,187 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $179,952 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,915,486 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $192,689 | TotalAmt |
| Program Services | $192,689 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,596,616 | TotalAmt |
| Program Services | $45,596,616 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,092,935 | TotalAmt |
| Program Services | $2,092,935 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,426,717 | TotalAmt |
| Program Services | $500,554 | ProgramServicesAmt |
| Management And General | $1,363,643 | ManagementAndGeneralAmt |
| Fundraising | $562,520 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,028 | TotalAmt |
| Program Services | $28,513 | ProgramServicesAmt |
| Fundraising | $28,515 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,633,706 | TotalAmt |
| Program Services | $35,235,021 | ProgramServicesAmt |
| Management And General | $5,460,832 | ManagementAndGeneralAmt |
| Fundraising | $1,937,853 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,498,944 | TotalAmt |
| Program Services | $2,872,072 | ProgramServicesAmt |
| Management And General | $463,824 | ManagementAndGeneralAmt |
| Fundraising | $163,048 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,208,513 | TotalAmt |
| Program Services | $5,016,377 | ProgramServicesAmt |
| Management And General | $870,325 | ManagementAndGeneralAmt |
| Fundraising | $321,811 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,225,303 | TotalAmt |
| Program Services | $2,613,831 | ProgramServicesAmt |
| Management And General | $446,900 | ManagementAndGeneralAmt |
| Fundraising | $164,572 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $914,504 | TotalAmt |
| Management And General | $914,504 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,750 | TotalAmt |
| Management And General | $231,750 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $731,973 | TotalAmt |
| Management And General | $731,973 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,902,673 | TotalAmt |
| Program Services | $1,011,363 | ProgramServicesAmt |
| Management And General | $1,873,256 | ManagementAndGeneralAmt |
| Fundraising | $18,054 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,511 | TotalAmt |
| Program Services | $57,993 | ProgramServicesAmt |
| Management And General | $41,518 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,123,380 | TotalAmt |
| Program Services | $3,882,169 | ProgramServicesAmt |
| Management And General | $1,018,524 | ManagementAndGeneralAmt |
| Fundraising | $222,687 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,842,903 | TotalAmt |
| Program Services | $836,927 | ProgramServicesAmt |
| Management And General | $986,723 | ManagementAndGeneralAmt |
| Fundraising | $19,253 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,540,325 | TotalAmt |
| Program Services | $10,045,300 | ProgramServicesAmt |
| Management And General | $341,266 | ManagementAndGeneralAmt |
| Fundraising | $153,759 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,509,485 | TotalAmt |
| Program Services | $2,211,642 | ProgramServicesAmt |
| Management And General | $167,214 | ManagementAndGeneralAmt |
| Fundraising | $130,629 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,868 | TotalAmt |
| Program Services | $206,172 | ProgramServicesAmt |
| Management And General | $44,907 | ManagementAndGeneralAmt |
| Fundraising | $8,789 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,893,947 | TotalAmt |
| Program Services | $1,803,038 | ProgramServicesAmt |
| Management And General | $90,909 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,653,335 | TotalAmt |
| Program Services | $7,285,749 | ProgramServicesAmt |
| Management And General | $365,014 | ManagementAndGeneralAmt |
| Fundraising | $2,572 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $859,104 | TotalAmt |
| Program Services | $19,418 | ProgramServicesAmt |
| Management And General | $839,686 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Miscellaneous | $312,814 | $25,383 | $129,332 | $158,099 |
| Service Contracts | $12,936,916 | $12,936,916 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,744,939 | TotalAmt |
| Program Services | $134,470,678 | ProgramServicesAmt |
| Management And General | $16,382,100 | ManagementAndGeneralAmt |
| Fundraising | $3,892,161 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,188,618 | BOYAmt |
| EOY | $16,176,509 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,754,313 | BOYAmt |
| EOY | $3,601,835 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,436,889 | BOYAmt |
| EOY | $1,396,128 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,352,845 | BOYAmt |
| EOY | $2,175,412 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $767,730 | BOYAmt |
| EOY | $729,878 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,524,245 | BOYAmt |
| EOY | $1,354,722 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $281,855,080 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $126,874,885 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,111,387 | BOYAmt |
| EOY | $154,980,195 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,030,193 | BOYAmt |
| EOY | $100,604,110 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,449,044 | BOYAmt |
| EOY | $97,624,479 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,069,199 | BOYAmt |
| EOY | $1,693 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $398,684,463 | BOYAmt |
| EOY | $378,644,961 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,962,849 | BOYAmt |
| EOY | $11,135,640 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $882,755 | BOYAmt |
| EOY | $71,313 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,336,923 | BOYAmt |
| EOY | $2,360,141 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,837,136 | BOYAmt |
| EOY | $65,845,967 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,917,000 | BOYAmt |
| EOY | $1,729,500 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,075,722 | BOYAmt |
| EOY | $12,856,875 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,012,385 | BOYAmt |
| EOY | $93,999,436 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,418,888 | BOYAmt |
| EOY | $109,232,301 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,958,453 | BOYAmt |
| EOY | $45,914,981 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,294,737 | BOYAmt |
| EOY | $129,498,243 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300,672,078 | BOYAmt |
| EOY | $284,645,525 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $398,684,463 | BOYAmt |
| EOY | $378,644,961 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$5,969,561 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$8,381,233 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,675,759 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,296,472 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,816,153 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,717,295 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,969,820 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,853,753 | CurrentTaxYearAmt |
| Total | $68,653,493 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,296,472 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,816,153 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,717,295 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,969,820 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,853,753 | CurrentTaxYearAmt |
| Total | $68,653,493 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,302,450 | SubstantialContributorsTotAmt |
| Public Support Total170 | $63,351,043 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,978,111 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,881,813 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,683,159 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,566,166 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,453,801 | CurrentTaxYearAmt |
| Total | $13,563,050 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $670,041 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $497,739 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $655,423 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $565,240 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $272,500 | CurrentTaxYearAmt |
| Total | $2,660,943 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $84,877,486 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $641,348,894 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.74638 | PublicSupportCY170Pct |
| Public Support PY170 | 0.81320 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $199,977,634 | BeginningYearBalanceAmt |
| Contributions | $2,945,915 | ContributionsAmt |
| Investment Earnings Or Losses | -$9,722,815 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,322,255 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,625,457 | OtherExpendituresAmt |
| Administrative Expenses | $9,246,026 | AdministrativeExpensesAmt |
| End Year Balance | $175,006,996 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $202,413,144 | BeginningYearBalanceAmt |
| Contributions | $2,830,972 | ContributionsAmt |
| Investment Earnings Or Losses | $2,899,627 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,540,796 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,740,131 | OtherExpendituresAmt |
| Administrative Expenses | -$114,818 | AdministrativeExpensesAmt |
| End Year Balance | $199,977,634 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $181,787,616 | BeginningYearBalanceAmt |
| Contributions | $10,440,768 | ContributionsAmt |
| Investment Earnings Or Losses | $17,950,223 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,916,692 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,858,893 | OtherExpendituresAmt |
| Administrative Expenses | -$10,122 | AdministrativeExpensesAmt |
| End Year Balance | $202,413,144 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $161,238,813 | BeginningYearBalanceAmt |
| Contributions | $2,156,185 | ContributionsAmt |
| Investment Earnings Or Losses | $26,582,267 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,911,395 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,913,256 | OtherExpendituresAmt |
| Administrative Expenses | $364,998 | AdministrativeExpensesAmt |
| End Year Balance | $181,787,616 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $182,833,093 | BeginningYearBalanceAmt |
| Contributions | $1,839,005 | ContributionsAmt |
| Investment Earnings Or Losses | -$14,533,394 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,922,603 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,913,580 | OtherExpendituresAmt |
| Administrative Expenses | $1,063,708 | AdministrativeExpensesAmt |
| End Year Balance | $161,238,813 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.13000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.73000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.14000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,566,191 | OtherCostOrOtherBasisAmt |
| Book Value | $3,566,191 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $191,199,176 | OtherCostOrOtherBasisAmt |
| Depreciation | $66,827,796 | DepreciationAmt |
| Book Value | $124,371,380 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,505,279 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,919,331 | DepreciationAmt |
| Book Value | $7,585,948 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,808,628 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,348,240 | DepreciationAmt |
| Book Value | $12,460,388 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,775,806 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,779,518 | DepreciationAmt |
| Book Value | $6,996,288 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $154,980,195 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CASH AND CASH EQUIVALENTS | $11,609,509 | F |
| REAL ESTATE | $7,834,351 | F |
| PRIVATE EQUITY | $10,960,730 | F |
| HEDGE FUNDS | $65,224,053 | F |
| OTHER | $1,995,836 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $97,624,479 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE ADVANCES FROM GOVER | $1,942,380 |
| ASSET RETIREMENT OBLIGATIONS | $2,580,484 |
| FAIR VALUE OF SWAP AGREEMENT | $8,334,011 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,856,875 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $90,842,697 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$8,381,233 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$48,842,359 | OtherRevenueAmt |
| Revenue Not Reported | -$57,223,592 | RevenueNotReportedAmt |
| Revenue Subtotal | $148,066,289 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $731,973 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$22,884 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $709,089 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $148,775,378 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $106,869,250 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $22,884 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $22,884 | ExpensesNotReportedAmt |
| Expenses Subtotal | $106,846,366 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $731,973 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $47,166,600 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $47,898,573 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $154,744,939 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 $(47,689,551) CHANGE IN FAIR VALUE OF SWAP AGREEMENT $ (1,675,759) GAIN ON PLEDGES $ 522,951 TOTAL $(48,842,359) |
| Part XI, Line 4b | RENT EXPENSE $ (22,884) |
| Part XII, Line 4b | FINANCIAL AID $ 47,689,551 LOSS ON PLEDGES $ (522,951) TOTAL $ 47,166,600 |
| Part XII, Line 2d | RENT EXPENSE $ 22,884 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (19 entries)
| RegionRegionTxt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Central America and the Caribbean | 3 | Program Services | OFF CAMPUS STUDY | $42,124 |
| East Asia and the Pacific | 1 | Program Services | OFF CAMPUS STUDY | $522,536 |
| Europe (Including Iceland and Greenland) | 7 | Program Services | OFF CAMPUS STUDY | $2,733,191 |
| Middle East and North Africa | Program Services | OFF CAMPUS STUDY | $15,340 | |
| Russia and the Newly Independent States | Program Services | OFF CAMPUS STUDY | $4,771 | |
| South America | Program Services | OFF CAMPUS STUDY | $49,868 | |
| South Asia | Program Services | OFF CAMPUS STUDY | $51,255 | |
| Sub-Saharan Africa | Program Services | OFF CAMPUS STUDY | $1,283 | |
| Central America and the Caribbean | Investments | $23,317,126 | ||
| Europe (Including Iceland and Greenland) | Investments | $35,771,825 | ||
| East Asia and the Pacific | Investments | $5,466,183 | ||
| Central America and the Caribbean | Grantmaking | SCHOLARSHIPS | $98,000 | |
| East Asia and the Pacific | Grantmaking | SCHOLARSHIPS | $696,844 | |
| Europe (Including Iceland and Greenland) | Grantmaking | SCHOLARSHIPS | $327,722 | |
| Middle East and North Africa | Grantmaking | SCHOLARSHIPS | $82,540 | |
| North America | Grantmaking | SCHOLARSHIPS | $557,989 | |
| South America | Grantmaking | SCHOLARSHIPS | $78,427 | |
| South Asia | Grantmaking | SCHOLARSHIPS | $142,010 | |
| Sub-Saharan Africa | Grantmaking | SCHOLARSHIPS | $109,403 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 11 | SubtotalEmployeesCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Subtotal Spent | $69,817,024 | SubtotalSpentAmt |
| Continuation Spent | $251,413 | ContinuationSpentAmt |
| Total Spent | $70,068,437 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (8 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| Scholarships | Central America and the Caribbean | 3 | $98,000 | Acct. Credit |
| Scholarships | East Asia and the Pacific | 63 | $696,844 | Acct. Credit |
| Scholarships | Europe (Including Iceland and Greenland) | 8 | $327,722 | Acct. Credit |
| Scholarships | Middle East and North Africa | 3 | $82,540 | Acct. Credit |
| Scholarships | North America | 18 | $557,989 | Acct. Credit |
| Scholarships | South America | 3 | $78,427 | Acct. Credit |
| Scholarships | South Asia | 3 | $142,010 | Acct. Credit |
| Scholarships | Sub-Saharan Africa | 5 | $109,403 | Acct. Credit |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| CITY OF GENEVA FIRE DEPARTMENT | |||||||
| 79 GENEVA STREET | GENEVA | NY | 14456 | 999999999 | GOV'T | $10,000 | CONTRIBUTION |
| CITY OF GENEVA | |||||||
| 47 CASTLE STREET | GENEVA | NY | 14456 | 166002543 | GOV'T | $173,189 | CONTRIBUTION |
| GENEVA CONCERTS INC | |||||||
| PO BOX 709 | GENEVA | NY | 14456 | 161099230 | 501(C)(3) | $9,500 | CONTRIBUTION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 1913 | RecipientCnt |
| Cash Grant | $45,596,616 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | Yes (true) | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARK GEARAN | ||||||||||||||
| PRESIDENT | $497,208 | $0 | $0 | $0 | $63,761 | $0 | $26,500 | $0 | $88,419 | $0 | $675,888 | $0 | $0 | $0 |
| Carolee White | ||||||||||||||
| ASSIST. TREASURER AFTER 7/1/15 | $138,572 | $0 | $0 | $0 | $14,207 | $0 | $4,929 | $0 | $3,939 | $0 | $161,647 | $0 | $0 | $0 |
| PETER POLINAK | ||||||||||||||
| ASSIST. TREASURER THRU 6/30/17 | $148,639 | $0 | $0 | $0 | $24,811 | $0 | $12,506 | $0 | $7,754 | $0 | $193,710 | $0 | $0 | $0 |
| ALFRED DAMIANO | ||||||||||||||
| CHIEF INFORMATION OFFICER | $195,981 | $0 | $0 | $0 | $5,752 | $0 | $18,137 | $0 | $17,926 | $0 | $237,796 | $0 | $0 | $0 |
| ROBERT FLOWERS | ||||||||||||||
| VP OF STUDENT AFFAIRS | $196,856 | $0 | $0 | $0 | $9,417 | $0 | $18,348 | $0 | $21,302 | $0 | $245,923 | $0 | $0 | $0 |
| ROBERT MURPHY | ||||||||||||||
| VP OF ENROLLMENT MANAGEMENT | $247,871 | $0 | $0 | $0 | $25,369 | $0 | $25,244 | $0 | $15,446 | $0 | $313,930 | $0 | $0 | $0 |
| ROBERT O'CONNOR | ||||||||||||||
| VP OF INSTITUTIONAL ADVANCEMEN | $203,287 | $0 | $0 | $0 | $9,903 | $0 | $19,285 | $0 | $15,458 | $0 | $247,933 | $0 | $0 | $0 |
| TITILAYO UFOMATA | ||||||||||||||
| PROVOST/DEAN OF FACULTY | $209,166 | $0 | $0 | $0 | $25,640 | $0 | $21,397 | $0 | $54,600 | $0 | $310,803 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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). 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 PARTICIPATES IN A FROZEN STOCK OPTION ARRANGEMENT WHERE HE MAY EXERCISE THE OPTION TO BUY UNITS IN TWO SPECIFIED MUTUAL FUNDS CONTAINED WITHIN THE COLLEGES' ENDOWMENT PRIOR TO JULY 1, 2016. THE OPTION PRICE IS $60,000 PER FUND. THE VALUE OF THIS OPTION INCREASED BY $41,005 DURING CALENDAR YEAR 2015. NO PAYMENTS TO PRESIDENT GEARAN HAVE BEEN MADE UNDER THIS ARRANGEMENT. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CITY OF GENEVA INDUS DEV AG MULTI (SERIES 2007) | ||||||||
| A | 161266095 | 372175bt5 | 2007-12-12 | $31,250,000 | CAPITAL PROJECTS | false | false | false |
| CITY OF GENEVA DEV CORP REVENUE (SERIES 2012) | ||||||||
| B | 800820946 | 37217PAQ8 | 2012-06-28 | $29,942,818 | REFUNDING OF SERIES 2001 AND 2003 | false | false | false |
| CITY OF GENEVA DEV CORP REVENUE (SERIES 2014) | ||||||||
| C | 800820946 | 37217PBN4 | 2014-03-20 | $15,416,105 | CAPITAL PROJECTS | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,925,000 | $0 | $31,250,000 | $0 | $0 | $0 | $475,688 | $357,585 | $0 | $29,974,498 | $442,229 | $0 | 2011 | false | false | Yes (true) | Yes (true) |
| B | $3,765,000 | $0 | $29,942,818 | $0 | $0 | $0 | $435,838 | $0 | $0 | $0 | $29,506,980 | $0 | 2013 | Yes (true) | Yes (true) | Yes (true) | Yes (true) |
| C | $225,000 | $0 | $15,416,105 | $0 | $0 | $0 | $308,322 | $0 | $0 | $14,998,877 | $107,213 | $1,693 | 2016 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | false | 0 | 0.01750 | 0.01750 | false | false | false | Yes (true) |
| B | false | false | Yes (true) | Yes (true) | false | 0 | 0.00083 | 0.00083 | false | false | false | Yes (true) |
| C | false | false | Yes (true) | Yes (true) | false | 0 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBC CAPITAL MARKETS | |||||||||||||
| A | false | false | false | Yes (true) | Yes (true) | Yes (true) | 30. | Yes (true) | false | false | 0 | false | Yes (true) |
| 0 | |||||||||||||
| B | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) | |||
| 0 | |||||||||||||
| C | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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- $475,688 NYS bond issuance charge, issuer administrative fee per Form 8038 Col B- $192,204 issuer administrative fee per Form 8038 - $29,942,818 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. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARY HERLIHY-GEARAN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE OF PRESIDENT | RelationshipDescriptionTxt |
| Transaction | $57,028 | TransactionAmt |
| Transaction | EMPLOYEE AT THE COLLEGES | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 69 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,078,384 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $700,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp | |
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32A | FormAndLineReferenceDesc |
| Explanation | 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. DURING THE YEAR, HOBART AND WILLIAM SMITH COLLEGES HIRED A REAL ESTATE PROFESSIONAL TO ASSIST WITH THE SALE OF RESIDENTIAL REAL ESTATE RECIEVED DURING THE YEAR. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 $1,675,759 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|
| CHARITABLE REMAINDER TRUST (7) | ||||
| CRAT | NY | NA | Trust | Yes (true) |
| POOLED INCOME FUND | ||||
| POOLED INCOME | NY | NA | Trust | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POOLED INCOME FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionTypeTxt |
| Involved | $228,632 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments