2017-04-17T16:44:22-05:00 2016-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2015-06-01 141338498 Siena College % PAUL STEC SIEN 5187832300 Route 9 Loudonville NY 12211 PAUL STEC VICE PRESIDENT 5187832300 2017-04-17 true PHILLIP GROFF P01247783 5184274600 2017-04-17 2015 2021-01-29 14:40:06Z PAUL STEC Route 9 Loudonville NY 12211 163554403 false X www.siena.edu X 1937 NY PLEASE SEE SCHEDULE O 33 30 2434 54 25639 -4559 13112793 10460270 135265578 141329388 14347712 3910985 348845 184936 163074928 155885579 51628749 56539323 0 0 60883384 60372502 0 0 2508452 36683402 37641843 149195535 154553668 13879393 1331911 299034591 291231184 81113512 82358109 217921079 208873075 X PLEASE SEE SCHEDULE O false false 138827139 56539323 141329388 PLEASE SEE SCHEDULE O 138827139 true true false true false false true false true true true false false true true true false true false true false true false true false false false true true true false false false false false false true false false false true false false false false true true true false false true 464 0 true 2434 true true true true UK false false false true true false false false false X 33 30 false false false false false false false true true false false true true true true true true true true false NY X PAUL STEC 5187832300 SIENA COLLEGE LOUDONVILLE NY 12211 Thomas L Amell TRUSTEE 1.0 0.0 X 0 0 0 Thomas J Baldwin TRUSTEE 2.0 0.0 X 0 0 0 Mallory Baringer TRUSTEE 2.0 0.0 X 0 0 0 Ronald E Bjorklund TRUSTEE 1.0 0.0 X 0 0 0 J David Brown TRUSTEE 1.0 0.0 X 0 0 0 Daniel Din Cahill TRUSTEE 0.1 0.0 X 0 0 0 Robert F Campbell TRUSTEE 3.5 0.0 X 0 0 0 Judy Capano Michaelson TRUSTEE 4.0 0.0 X 0 0 0 Br F Edward Coughlin OFM PHD TRUSTEE/PRESIDENT 40.0 0.0 X X 0 0 0 Susan Law Dake TRUSTEE 3.0 0.0 X 0 0 0 Virginia L Darrow TRUSTEE 4.0 0.0 X 0 0 0 Howard S Foote TRUSTEE 15.0 0.0 X 0 0 0 Shari Golub-Schillinger TRUSTEE 2.0 0.0 X 0 0 0 Jason Gottlieb TRUSTEE 3.0 0.0 X 0 0 0 Sr Violet T Grennan TRUSTEE 2.5 0.0 X 0 0 0 Robert L Guido TRUSTEE 2.5 0.0 X 0 0 0 Rev Kenneth R Himes OFM TRUSTEE 2.0 0.0 X 0 0 0 Kristian Mariaca TRUSTEE 1.0 0.0 X 0 0 0 Robert J McCormick TRUSTEE 4.0 0.0 X 0 0 0 Burgandy Leigh McCurty TRUSTEE 1.0 0.0 X 0 0 0 John A McMahon Trustee 1.0 0.0 X 0 0 0 Rev Kevin J Mullen OFM phd TRUSTEE 2.0 0.0 X 0 0 0 John F Murray Trustee 2.0 0.0 X 0 0 0 John J Nigro TRUSTEE 1.25 0.0 X 0 0 0 Kenneth M Raymond Jr TRUSTEE 2.0 0.0 X 0 0 0 Mark S Rose TRUSTEE 5.0 0.0 X 0 0 0 Scot Salvador Trustee 1.0 0.0 X 0 0 0 Rev James P Scullion OFM TRUSTEE 1.0 0.0 X 0 0 0 David M Stack Trustee 1.0 0.0 X 0 0 0 Christine L Standish TRUSTEE 2.0 0.0 X 0 0 0 Lewis Steverson Trustee 1.0 0.0 X 0 0 0 Nimmi M Trapasso MD TRUSTEE 1.0 0.0 X 0 0 0 Dennis L Winger TRUSTEE 2.0 0.0 X 0 0 0 Maryellen Gilroy VICE PRESIDENT 40.0 0.0 X 159120 0 17840 Edward Jones VICE PRESIDENT 40.0 0.0 X 150801 0 32526 Margaret Madden VICE PRESIDENT 40.0 0.0 X 93964 0 11602 Linda Richardson VICE PRESIDENT 40.0 0.0 X 240317 0 23812 David Smith VICE PRESIDENT 40.0 0.0 X 201176 0 67730 Paul Stec VICE PRESIDENT 40.0 0.0 X 218350 0 42081 John Cummings PROF/INTERIM DEAN SCI BEG 8/15 40.0 0.0 X 134786 0 42752 John D'Argenio VP & ATHLETIC DIRECTOR 40.0 0.0 X 139665 0 18692 James Harrison Interim Dean of Arts 40.0 0.0 X 123159 0 47181 Charles Seifert Dean of Business 40.0 0.0 X 160962 0 48052 Allan Weatherwax Dean of Science until 7/15 40.0 0.0 X 89745 0 15032 Mark Berman CIO 40.0 0.0 X 152987 0 32968 Donald Levy Director SRI 40.0 0.0 X 138698 0 9409 Aloysia Jacques Basketball Head Coach 40.0 0.0 X 137869 0 17494 James Nolan Professor 40.0 0.0 X 140558 0 32072 James Patsos Basketball Head Coach 40.0 0.0 X 399393 0 41941 2681550 0 501184 60 false true false SODEXO 515 LOUDON RD LOUDONVILLE NY 12211 FOOD SERVICES 4911659 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICES 3161259 ST PETER'S HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SERVICES 398249 KPMG LLP 515 Broadway ALBANY NY 12207 Auditing Tax 256730 CAMBRIDGE ASSOCIATES 1 WINTHROP SQUARE STE 500 BOSTON MA 02110 INVESTMENT MGMT 244158 8 150976 2087885 8221409 800278 10460270 PROGRAM REVENUE 611310 99775888 99775888 ROOM & BOARD 611310 32692837 32692837 LAB FEES 611310 1520802 1520802 OTHER STUDENT FEES 611310 1127531 1127531 STUDENT ACTIVITIES 611310 719337 719337 5492993 5492993 141329388 1207659 517 1207142 0 218829 218829 212236 255159 -42923 0 -42923 19055 -61978 9931189 7227863 2703326 2703326 2703326 137890 150976 134927 2963 2963 0 51441 50875 566 566 ADVERTISING REVENUE 541800 5501 5501 5501 155885579 141329388 25639 4070282 20977 20977 55130089 55130089 1388257 1388257 0 1135409 577723 269206 288480 0 42737785 35305005 6149558 1283222 3368282 2754829 492789 120664 10030562 8203732 1467498 359332 3100464 2535788 453606 111070 248875 248875 108038 108038 222552 222552 435 435 0 244983 244983 2522673 2126977 355265 40431 298571 51158 244874 2539 0 180307 180307 0 1878666 1878666 2246189 2167456 33949 44784 0 0 1853922 1853922 0 7562404 7562404 895307 183884 711423 FOOD 6590816 6590816 SUPPLIES 3797575 2892788 904787 REPAIR AND MAINTENANCE 1990614 1519073 463547 7994 STUDENT ACTIVITIES 1158562 1158562 5841354 4925033 666385 249936 154553668 138827139 13218077 2508452 16524884 20088119 496952 33163 11264581 12674929 2264660 2072078 0 0 0 0 2478070 2152671 0 0 1506936 1166786 221575419 99828665 123074180 121746754 36074897 21614545 102901741 107186027 0 0 0 0 2447690 2496112 299034591 291231184 11695421 10733999 0 0 2696038 4157105 39111525 37317042 0 0 0 0 0 0 0 0 27610528 30149963 81113512 82358109 X 121790863 114859877 12148242 12739502 83981974 81273696 217921079 208873075 299034591 291231184 X 1331911 -8790350 5000 -1594565 X false true X true true true X 17156881 8730734 12698491 13112793 10460270 62159169 0 0 17156881 8730734 12698491 13112793 10460270 62159169 1501516 60657653 2239421 1800175 1586009 1148079 1638724 8412408 89466 191781 281247 0 70852824 650898623 0.85611 0.84310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 435 435 false false SCHEDULE C, PART II-B, LINE 1B THE COLLEGE AND THE COLLEGE'S PRESIDENT (BROTHER EDWARD COUGHLIN) ARE REGISTERED LOBBYISTS IN NEW YORK STATE. SIENA COLLEGE IS REGISTERED AS A LOBBYIST IN NEW YORK STATE IN THE UNLIKELY EVENT OF INCIDENTAL CONTACT WITH ELECTED OR OTHER GOVERNMENT OFFICIALS. NO EMPLOYEE-RELATED EXPENSE HAS BEEN INCURRED IN RELATION TO LOBBYING ACTIVITY SINCE THE COLLEGE DID NOT ACTIVELY LOBBY DURING THE FISCAL PERIOD. BROTHER EDWARD COUGHLIN, IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DID NOT DIRECTLY RECEIVE A SALARY. SCHEDULE C, PART II-B, LINE 1I SIENA COLLEGE HAS AN INSTITUTIONAL MEMBERSHIP TO THE ALBANY-COLONIE REGIONAL CHAMBER OF COMMERCE. THE INVOICE FOR THIS MEMBERSHIP STATED THAT 7% OF THE MEMBERSHIP IS ALLOCABLE FOR LOBBYING EXPENDITURES. 8850 X X X Teaching false false 131346001 2604047 -5204300 2404795 5386571 120954382 138815202 2694153 5261303 2218449 13206208 131346001 132753115 708133 14853955 2109687 7390314 138815202 121543022 880753 15968632 2017780 3621512 132753115 131625027 1356474 -6208362 1983984 3246133 121543022 0.37360 0.62300 0.00340 false false 15200138 15200138 165416648 64106152 101310496 39034525 35722513 3312012 1924108 0 1924108 121746754 40062071 F CASH EQUIVALENTS- ST INVSTMNTS 1742974 F US PRIVATE EQUITY - MUT FUNDS 21926156 F FOREIGN PRIVATE EQUITY 20832787 F EMERGING MARKETS 4765566 F VENTURE CAPITAL 13696668 F OTHER 4159805 F 107186027 0 ANNUITIES PAYABLE 1102693 POSTRETIREMENT BENEFITS 22784900 FEDERAL STUDENT LOAN FUNDS 2839390 ASSET RETIREMENT OBLIGATION 3422980 30149963 145941625 -8790350 -1594565 -10384915 156326540 -440961 -440961 155885579 154989629 -5000 440961 435961 154553668 154553668 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ART COLLECTION SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL PIECES OF THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. SCHEDULE D, PART V, LINE 4 DESCRIPTION OF ENDOWMENT FUNDS ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. SCHEDULE D, PART V PRESENTATION OF ENDOWMENT FUNDS The presentation of the Endowment Funds in the current year and prior years was revised to be consistent with the change in the audited financial statements presentation. SCHEDULE D, PART X, LINE 2 THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D ACTUARIAL ADJUSTMENT & POST RETIREMENT BENEFIT CHANGES $-1,401,161 PROVISION FOR UNCOLLECTABLE PLEDGES $-193,404 TOTAL: $-1,594,565 SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSE $-255,159 FUNDRAISING EXPENSES $-134,927 COST OF GOODS SOLD $ -50,875 TOTAL: $-440,961 SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE $255,159 FUNDRAISING EXPENSES $134,927 COST OF GOODS SOLD $ 50,875 TOTAL: $440,961 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 Siena College admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs. The college publicizes its racially non-discriminatory policy on its website and in the student handbook, which is distributed to all students. SCHEDULE E, PART I, LINE 6A THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true Europe (Including Iceland and Greenland) Program Services SERVICE TRIPS 1493 Central America and the Caribbean Program Services SERVICE TRIPS 12266 South America Program Services SERVICE TRIPS 694 Sub-Saharan Africa Program Services SERVICE TRIPS 1389 North America Program Services SERVICE TRIPS 2420 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 660079 Middle East and North Africa Program Services SCHOLARSHIPS 2500 South America Program Services SCHOLARSHIPS 157172 Sub-Saharan Africa Program Services SCHOLARSHIPS 134581 East Asia and the Pacific Program Services SCHOLARSHIPS 113322 South Asia Program Services SCHOLARSHIPS 14000 North America Program Services SCHOLARSHIPS 306603 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 607894 East Asia and the Pacific Program Services STUDY ABROAD PROGRAM 115969 Central America and the Caribbean Investments 24145897 26276279 26276279 Grants for Education Europe (Including Iceland and Greenland) 23 660079 OTHER Grants for Education Middle East and North Africa 1 2500 OTHER Grants for Education South America 8 157172 OTHER Grants for Education Sub-Saharan Africa 3 134581 OTHER Grants for Education East Asia and the Pacific 4 113322 OTHER GRANTS FOR EDUCATION North America 7 306603 OTHER GRANTS FOR EDUCATION South Asia 1 14000 OTHER true false true true true true SCHEDULE F, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENTS ENROLLMENT, BASED ON THE FOREIGN SCHOOLS RECORDS, AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. GOLF TOURNAMENT 83774 56774 27000 3113 21131 139 FESTA VINO 57505 28805 28700 2753 10262 5 147587 65397 82190 1511 84718 4824 6476 288866 150976 137890 4624 105849 7577 16877 134927 2963 true Scholarship for Students 2937 55130089 SCHEDULE I, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENTS ENROLLMENT AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. X X true true X false false false false false false false false false Mark Berman CIO 152148 0 0 0 839 0 11388 0 21580 0 185955 0 0 0 John Cummings PROF/INTERIM DEAN SCI BEG 8/15 134641 0 0 0 145 0 12951 0 29801 0 177538 0 0 0 John D'Argenio VP & ATHLETIC DIRECTOR 139206 0 0 0 459 0 8848 0 9844 0 158357 0 0 0 Maryellen Gilroy VICE PRESIDENT 158568 0 0 0 552 0 10021 0 7819 0 176960 0 0 0 Aloysia Jacques Basketball Head Coach 128787 0 0 0 9082 0 9624 0 7870 0 155363 0 0 0 Edward Jones VICE PRESIDENT 150514 0 0 0 287 0 9816 0 22710 0 183327 0 0 0 James Harrison Interim Dean of Arts 122494 0 0 0 665 0 7650 0 39531 0 170340 0 0 0 James Nolan Professor 139869 0 0 0 689 0 13678 0 18394 0 172630 0 0 0 James Patsos Basketball Head Coach 369943 0 20000 0 9450 0 26097 0 15844 0 441334 0 0 0 Linda Richardson VICE PRESIDENT 213589 0 0 0 26728 0 15890 0 7922 0 264129 0 0 0 Charles Seifert Dean of Business 158630 0 0 0 2332 0 10240 0 37812 0 209014 0 0 0 David Smith VICE PRESIDENT 192079 0 0 0 9097 0 12336 0 55394 0 268906 0 0 0 Paul Stec VICE PRESIDENT 217509 0 0 0 841 0 13621 0 28460 0 260431 0 0 0 SCHEDULE J, PART I, LINE 1A CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. THE TRAVELER PROVIDED THE COLLEGE WITH APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. COUNTRY CLUB DUES WERE PROVIDED TO THE DEAN OF BUSINESS, THE VP OF DEVELOPMENT AND EXTERNAL AFFAIRS, AND THE DIRECTOR OF THE SIENA RESEARCH INSTITUTE TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSONS FORM W-2. SCHEDULE J, PART I, LINE 3 THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY, WHICH IS DETERMINED BY THE TRUSTEES. TRUSTEES ESTABLISH THE IN LIEU OF PAYMENT THROUGH THE USE OF COMPARABLE SALARY DATA FOR SIMILARLY-SITUATED COLLEGES. A Dormitory Authority of the State of NY Series 2006 146000293 64983QD48 2006-05-04 27942152 Refund 1997 Bond & Renovation false false false B DORMITORY AUTHORITY OF THE STATE OF NY Series 2009 146000293 649905VX1 2009-12-11 20660808 Construction of Residence Hall false false false A 7700000 0 27942152 0 0 0 667065 364000 4936393 21974694 0 0 2006 true false true true B 2040000 0 20660808 0 0 0 665808 0 0 19995000 0 0 2010 false false true true A false false true true false 0 false false false false B false false true true false 0 false false false false A false false false true false false 0 false 0 false false B false false false true false false 0 false 0 false false A false B false SCHEDULE K, PART IV, LINE 2C REBATE CALCULATIONS ARE PERFORMED AT THE END OF THE PROJECT FOR WHICH THE DEBT WAS ISSUED. EVALUATIONS REGARDING ARBITRAGE/REBATE WERE PERFORMED IN 2004, 2006, & 2010 FOR THE IDA LOAN, DASNY SERIES 2006, AND DASNY SERIES 2009, RESPECTIVELY. SCHEDULE K, PART III, LINE 9, PART IV, LINE 7, AND PART V WHILE THE COLLEGE DID NOT HAVE WRITTEN POLICIES AND PROCEDUES IN PLACE BY FISCAL YEAR END MAY 31, 2016, THE COLLEGE HAS FOLLOWED AND ADHERED TO THE FEDERAL REQUIREMENTS AND DISCLOSURES AS REQUIRED AND HAVE SINCE ESTABLISHED WRITTEN POLICIES AND PROCEDURES TO DOCUMENT THE ADHERENCE TO ALL FEDERAL REQUIREMENTS AND DISCLOSURES REGARDING ALL BOND ISSUES. 20000 SCHOLARSHIP 13000 SCHOLARSHIP 1000 SCHOLARSHIP 14000 SCHOLARSHIP X 2 12590 FMV X 34 720006 AVERAGE PRICE X LODGING FOR GOLF TEAM 1 500 FMV X PRINTER & PHOTO EQUIPMENT 1 1300 FMV X WINE 1 12654 FMV X CATERING FOR ORIENTATION 1 43106 FMV X GOLF TOURNAMENT - VARIOUS ITEMS 22 9993 FMV X DOOR PRIZES 3 129 FMV false true true SCHEDULE M, PART I, LINE 32A SECURITIES RECEIVED AS CONTRIBUTIONS ARE LIQUIDATED THROUGH A BROKER UPON RECEIPT. SCHEDULE M, PART I, COLUMN (B) THE NUMBER OF CONTRIBUTORS IS REPORTED IN PART I, COLUMN (B). FORM 990, PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSES OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING, TO MAKE REASONED AND INFORMED JUDGMENTS, TO APPRECIATE CULTURAL DIVERSITY, TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. FORM 990, PART III - PROGRAM SERVICE, LINE 4A SIENA COLLEGE IS A COEDUCATIONAL, INDEPENDENT, LIBERAL ARTS COLLEGE WITH A FRANCISCAN AND CATHOLIC TRADITION. FOUNDED IN 1937 BY SEVEN FRANCISCAN FRIARS, IT IS LOCATED IN LOUDONVILLE, NEW YORK, A SUBURBAN COMMUNITY JUST OUTSIDE THE STATE'S CAPITAL. SIENA IS REGISTERED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. ALL PROGRAMS ARE ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AND THE SCHOOL OF BUSINESS IS ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, THE CHEMISTRY PROGRAM IS CERTIFIED BY THE AMERICAN CHEMICAL SOCIETY, THE SOCIAL WORK PROGRAM IS CERTIFIED BY THE COUNCIL ON SOCIAL WORK EDUCATION, AND THE EDUCATION PROGRAMS ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION. SIENA'S 3,053 UNDERGRADUATES ENROLL IN ONE OF THREE SCHOOLS - LIBERAL ARTS, SCIENCE, AND BUSINESS - AND MAY CHOOSE TO PURSUE STUDY FROM A TOTAL OF 25 DEPARTMENTS WITH 29 MAJORS, 59 MINORS AND CERTIFICATE PROGRAMS, AND PROFESSIONAL CURRICULA IN SECONDARY EDUCATION, PRE-LAW, AND SOCIAL WORK. 51 GRADUATES HAVE ENROLLED IN THE MASTERS IN ACCOUNTING PROGRAM. ON AVERAGE, 145 STUDENTS STUDY ABROAD IN A GIVEN YEAR. NINETY-SIX PERCENT OF SIENA STUDENTS ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IMMEDIATELY FOLLOWING GRADUATION. ADMISSION TO THE COLLEGE IS COMPETITIVE. OF THE 755 INCOMING MEMBERS OF THE CLASS OF 2019, 21.4 PERCENT GRADUATED IN THE TOP TEN PERCENT OF THEIR HIGH SCHOOL CLASS AND THEIR AVERAGE SAT SCORE WAS 1094. FORM 990, PART VI, SECTION B, LINE 11A MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE TO HELP TRUSTEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT ALL TRUSTEES MUST COMPLETE AND UPDATE AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, IF APPLICABLE, MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL REVIEWS THE DISCLOSURES AND WILL DISCLOSE ANY REPORTED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY. THE BOARD OF TRUSTEES PERFORMS A REVIEW AND APPROVES AT REGULAR INTERVALS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE BOARD UTILIZES INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE FOLLOWS THE IRS' GUIDELINES FOR PUBLIC DISCLOSURE. A COPY OF THE FORM 990 AND FORM 990-T IS MADE AVAILABLE TO THE PUBLIC BY REQUEST THROUGH THE FINANCE AND ADMINISTRATION OFFICE. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 ACTUARIAL ADJUSTMENT & POST RETIREMENT BENEFIT CHANGES $-1,401,161 PROVISION FOR UNCOLLECTABLE PLEDGES $-193,404 TOTAL: $-1,594,565 Spring Properties Inc 515 Loudon Road Loudonville NY 12211 141706494 Rental NY Siena College C Corp 21288 302142 1.00000 true CHARITABLE REMAINDER UNITRUST (4) INVESTING NA true CHARITABLE REMAINDER TRUST (4) INVESTING NY NA true false false false true true false false false false false false false false false false false false true true Spring Properties Inc (due to Siena) D 118499 Spring Properties Inc (due from Siena) E 282681 SCHEDULE R, PART IV, COLUMN (C) THE CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 2 - FL 3 - NY 4 - CT