2017-04-11T16:53:07-05:00 2016-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2015-07-01 141338488 THE SAGE COLLEGES SAGE 5182442200 65 1ST ST TROY NY 12180 SUSAN C SCRIMSHAW PRESIDENT 5182442200 2017-03-22 1 JAMES P DANIELS P00603621 5184493166 2015 2021-01-29 14:40:06Z SUSAN C SCRIMSHAW 65 1ST ST TROY NY 12180 91533611 0 X N/A X 1916 NY COLLEGIATE EDUCATION OF STUDENTS. 25 24 1651 246 0 0 8050796 5870464 67508875 66888503 670336 1043912 187589 219030 76417596 74021909 23669056 22258974 0 0 29560327 30629642 155442 34000 2944895 20231336 21594021 73616161 74516637 2801435 -494728 96590425 94563645 34589470 34819722 62000955 59743923 COLLEGIATE EDUCATION OF STUDENTS. 0 0 66362644 22258974 66888503 COLLEGIATE EDUCATION OF STUDENTS. 66362644 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 227 0 1 1651 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 5182442200 65 1ST ST TROY NY 12180 MARY ALTPETER TRUSTEE 1.00 X 0 0 0 JOHN BELLARDINI TRUSTEE 1.00 X 0 0 0 THERESE BENTLEY TRUSTEE 1.00 X 0 0 0 KATHRYN M DIAMOND TRUSTEE 1.00 X 0 0 0 ANN DUFFIELD TRUSTEE 1.00 X 0 0 0 DONNA ESTEVES TRUSTEE 1.00 X 0 0 0 JENNIFER FLATHER TRUSTEE 1.00 X 0 0 0 MARILYN MILLER FOWLER TRUSTEE 1.00 X 0 0 0 EILEEN WITZMAN GOLDBLATT TRUSTEE 1.00 X 0 0 0 JULIA L GREENSTEIN-BLEICHER TRUSTEE 1.00 X 0 0 0 CATHERINE HILL TRUSTEE 1.00 X 0 0 0 CARRIE HILLENBRANDT TRUSTEE 1.00 X 0 0 0 BELINDA HILTON TRUSTEE 1.00 X 0 0 0 PAUL JAECKLE TRUSTEE 1.00 X 0 0 0 JAMES JONES TRUSTEE 1.00 X 0 0 0 FREDERICK A MILLER TRUSTEE 1.00 X 0 0 0 DEBORAH ONSLOW TRUSTEE 1.00 X 0 0 0 CHESTER J OPALKA JR TRUSTEE 1.00 X 0 0 0 KIMBERLY PEREGRIM TRUSTEE 1.00 X 0 0 0 RONNYE BERG SHAMAM TRUSTEE 1.00 X 0 0 0 NELSON TIP SIMONS TRUSTEE 1.00 X 0 0 0 PATRICIA TIMPANO SPARRELL TRUSTEE 1.00 X 0 0 0 NANCY VALLEY TRUSTEE 1.00 X 0 0 0 ROBERT ZEMSKY TRUSTEE 1.00 X 0 0 0 SUSAN C SCRIMSHAW PRESIDENT 40.00 X X 317390 0 70943 SUSAN BEATTY PROVOST 40.00 X 197999 0 11976 PATRICK JACOBSON-SCHULTE VP FINANCE & TREASURER 40.00 X 176910 0 8829 DANIEL GREEN VP MKTG/ENROLLMENT MGMT (TO NOV 2015) 40.00 X 173869 0 10163 MELISSA KOMORA VP INSTITUTIONAL ADVANCEME 40.00 X 151882 0 16310 DEIRDRE ZARRILLO VP ADMIN & PLANNING 40.00 X 122096 0 0 PATRICIA CELLEMME VP FOR STUDENT LIFE 40.00 X 88345 0 17063 LORI QUIGLEY DEAN SCH OF EDUCATION 40.00 X 142505 0 7065 DONNA HEALD ASSOC. PROVOST 40.00 X 133267 0 12789 JOANNE CURRAN DEAN SCA 40.00 X 128944 0 9029 KATHRYN ADAMS ASSOC. VP OF INSTIT 40.00 X 108752 0 5449 THERESA HAND DEAN OF SCH OF HEALTH 40.00 X 104908 0 6571 1846867 0 176187 11 0 1 0 0 1927268 3943196 189728 5870464 TUITION & FEES 611710 57938635 57938635 AUXILIARY ENTERPRISES 611710 8627655 8627655 OTHER SOURCES 900099 258556 258556 TRANSCRIPTS 611710 32497 32497 PARKING 812930 31160 31160 66888503 290893 290893 235513 16483 219030 219030 219030 18239795 8443 17495219 0 744576 8443 753019 753019 74021909 66888503 0 1262942 22258974 22258974 2253601 1452585 524072 276944 22813725 19991226 1488353 1334146 716547 613696 57001 45850 3106682 2163206 521074 422402 1739087 1489465 138343 111279 238544 238544 99888 99888 34000 34000 2711142 2280603 146328 284211 278992 185378 93614 1997131 1901291 95840 580215 452244 61016 66955 683920 655118 28802 3071475 3071475 729741 619600 109665 476 STUDENT DINING SERVICES 2811280 2811280 STUDENT HOUSING EXPENSE 1820554 1820554 OPERATION & MAINTENANCE 1307136 792254 510481 4401 SECURITY EXPENSE 839731 839731 4424272 2963964 1189691 270617 74516637 66362644 5209098 2944895 395843 89915 359850 291410 7442570 5488981 3368151 2984621 560113 1410382 103485004 52583818 51395829 50901186 18746283 18185883 12399297 13991795 299223 0 1623266 1219472 96590425 94563645 4866829 6486683 3280952 3313437 12615000 11804598 8183649 7444361 5643040 5770643 34589470 34819722 X 25618454 29470356 15875298 9328461 20507203 20945106 62000955 59743923 96590425 94563645 -494728 -1762304 0 X 0 1 X 1 1 1 X 15118324 6161073 5458172 8050796 5870464 40658829 15118324 6161073 5458172 8050796 5870464 40658829 6842365 33816464 274675 473094 419819 319831 526406 2013825 42672654 330880653 0.79250 0.79730 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE SAGE COLLEGES QUALIFY AS A PUBLIC CHARITY AS A SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II). SCHEDULE A, PART II (SUPPORT SCHEDULE) HAS BEEN COMPLETED TO DEMOSTRATE ELIGIBILITY TO REPORT CONTRIBUTIONS ON SCHEDULE B UNDER THE APPLICABLE SPECIAL RULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30626246 2916045 -581469 696477 32264345 30473876 425933 506523 780086 30626246 27234092 1688333 3251286 1699835 30473876 21009808 5692747 1917305 1385768 27234092 20986744 925399 -63555 838780 21009808 0.32760 0.57130 0.10110 0 0 6587790 6587790 81075078 39342784 41732294 15400644 13241034 2159610 421492 421492 50901186 WEATHERLOW OFFSHORE I 2111833 F DRAKE OFFSHORE LP 2515648 F STEPSTONE PE PTNRS OFFSHORE II 1101136 F AUDA SECONDARY III FEEDER 896369 F BLUEMOUNTAIN CAIS CA LTD 999397 F S&Z FUND SERVICES LLC (ACK) 1529096 F SEG PARTNERS OFFSHORE LTD 1714513 F ARES MANAGEMENT LTD 294306 F COMMON STOCKS 2701211 F CORPORATE OBLIGATIONS 30688 F US GOV/AGENCY/MUNI 97598 F 13991795 ANNUITIES PAYABLE 277506 ASSET RETIREMENT OBLIGATION 1901227 DEPOSITS HELD FOR OTHERS 241157 U.S. GOVERNMENT ADVANCES 3220268 ACCRUED POST RETIREMENT BENEFITS 130485 5770643 X 50017114 -1762304 16483 -1745821 51762935 22258974 22258974 74021909 52274146 16483 16483 52257663 22258974 22258974 74516637 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE COLLEGES. PART X, LINE 2: FIN 48 (ASC 740) TEXT OF FINANCIAL STATEMENTS FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL RETURNS THAT ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 16,483. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 22,258,974. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 16,483. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 22,258,974. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SAGE COLLEGES' RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE FIRST PAGE OF THE ANNUAL PUBLICATION OF THE COLLEGES' CATALOG AND IS RUN ANNUALLY IN THE LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE COLLEGES AND THEIR STUDENTS RECEIVE FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER VARIOUS PROGRAMS. X X X X X X 1 STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST STE 201 SCHENECTADY NY 12305 COUNSEL FOR PHONE SOLICITATION AND BACK-UP 0 81163 34000 47163 81163 34000 47163 NY 1 STUDENT SCHOLARSHIPS 1760 22258974 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES: EACH GRANT IS ASSIGNED A GRANTS ADMINISTRATOR WHO MONITORS ALL EXPENDITURES TO ENSURE FUNDS ARE USED IN ACCORDANCE WITH GRANTOR POLICIES AND REGULATIONS. IN ADDITION, AN ACCOUNTANT IS ASSIGNED TO RECORD AND REPORT ALL GRANT REVENUES AND EXPENDITURES TO THE GRANT ADMINISTRATOR AND GRANTOR ON A REGULAR BASIS. X X 1 1 X 0 0 0 0 0 0 0 0 0 SUSAN C SCRIMSHAW PRESIDENT 317390 0 0 0 0 0 12578 0 58365 0 388333 0 0 0 SUSAN BEATTY PROVOST 197999 0 0 0 0 0 9886 0 2090 0 209975 0 0 0 PATRICK JACOBSON-SCHULTE VP FINANCE & TREASURER 176910 0 0 0 0 0 8829 0 0 0 185739 0 0 0 DANIEL GREEN VP MKTG/ENROLLMENT MGMT (TO NOV 2015 173869 0 0 0 0 0 7728 0 2435 0 184032 0 0 0 MELISSA KOMORA VP INSTITUTIONAL ADVANCEME 151882 0 0 0 0 0 7985 0 8325 0 168192 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT IS REQUIRED TO LIVE IN A HOME ON THE COLLEGES' TROY CAMPUS WHICH IS FURNISHED AND MAINTAINED AT THE COLLEGES' EXPENSE. THE PRESIDENT'S HOUSING HAS BEEN VALUED AT $50,000 AND IS REPORTED AS A NON-TAXABLE BENEFIT. X 15 189728 DAY'S HIGH/LOW AVG 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCEDURE: THE DRAFT FORM 990 IS PRESENTED TO THE BOARD FINANCE COMMITTEE, AUDIT SUB-COMMITTEE AND EXECUTIVE COMMITTEE FOR APPROVAL. IT IS THEN PRESENTED TO THE FULL BOARD FOR FINAL APPROVAL BEFORE BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: A CONFLICT OF INTEREST DISCLOSURE IS REQUIRED TO BE COMPLETED ANNUALLY BY EACH TRUSTEE AND EXECUTIVE OFFICER. INDIVIDUALS SUBJECT TO ANY KNOWN, POSSIBLE OR PERCEIVED CONFLICT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES IN RESPECT OF MATTERS AFFECTED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD EXECUTIVE COMMITTEE AND TRUSTEES. COMPENSATION FOR CABINET MEMBERS IS REVIEWED AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY TO PUBLIC OF ANNUAL INFORMATION RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS: THESE ARE PROVIDED UPON REQUEST.